Greece?

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native
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Re: Greece?

Post by native »

SunCoastBlueHen wrote:
grizzaholic wrote:Didn't know it upset SCBH so much. So either someone here has to give me a new avatar OR, everyone here must change their avatars to clowns to help get SCBH over his phobia of clowns. :thumb:
Please, somebody get this man a new avatar. No more clowns. I beg you.

:D
Here ya go...

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Re: Greece?

Post by JohnStOnge »

I think it's an illustration of the invevitable outcome of an entitlement mentality among the population of a society. We're evolving in the same direction.
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Re: Greece?

Post by grizzaholic »

native wrote:
SunCoastBlueHen wrote:
Please, somebody get this man a new avatar. No more clowns. I beg you.

:D
Here ya go...

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Re: Greece?

Post by GSUhooligan »

dbackjon wrote:Riots, high debt.

Market did a roller coaster today
We're halfway there ourselves. See here viewtopic.php?f=10&t=15183 And with tea baggers and illegals making waves we may get that other part sooner than later.

When do we start thinking about cutting spending and living within our means? If the Fed brings in x amount of dollars, they should be spending x- y% so that we can start paying off some of this debt. Bring the troops home, quit handing out money like its oxygen, and let the people/small businesses keep more of their money so that it can circulate in the economy in a more unadulterated manor. Yay, GDP went up but only because Gov't spending is part of the equation. Lets help the consumption and investment side of the equation. Oh wait, that would give too much power to the people.
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Re: Greece?

Post by ASUG8 »

GSUhooligan wrote:
dbackjon wrote:Riots, high debt.

Market did a roller coaster today
We're halfway there ourselves. See here viewtopic.php?f=10&t=15183 And with tea baggers and illegals making waves we may get that other part sooner than later.

When do we start thinking about cutting spending and living within our means? If the Fed brings in x amount of dollars, they should be spending x- y% so that we can start paying off some of this debt. Bring the troops home, quit handing out money like its oxygen, and let the people/small businesses keep more of their money so that it can circulate in the economy in a more unadulterated manor. Yay, GDP went up but only because Gov't spending is part of the equation. Lets help the consumption and investment side of the equation. Oh wait, that would give too much power to the people.
That makes far too much sense, hooligan. If I ran my household like our government runs their checkbook I'd be living in the streets eating from dumpsters.
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Re: Greece?

Post by OL FU »

Fitting that the founders of western civilization are now bringing it to an end :thumb: :lol:
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Re: Greece?

Post by Ivytalk »

OL FU wrote:Fitting that the founders of western civilization are now bringing it to an end :thumb: :lol:
That's right, OL FU. You never heard Socrates or Aristophanes whining about their pensions!
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Re: Greece?

Post by OL FU »

Ivytalk wrote:
OL FU wrote:Fitting that the founders of western civilization are now bringing it to an end :thumb: :lol:
That's right, OL FU. You never heard Socrates or Aristophanes whining about their pensions!

I do think Plato gets some of the blame. All these friggin' wild goose chases hunting for Atlantis :D
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Re: Greece?

Post by kalm »

Greece's implosion isn't bad for everyone: :thumb:
As in the American subprime crisis and the implosion of the American International Group, financial derivatives played a role in the run-up of Greek debt. Instruments developed by Goldman Sachs, JPMorgan Chase and a wide range of other banks enabled politicians to mask additional borrowing in Greece, Italy and possibly elsewhere.

In dozens of deals across the Continent, banks provided cash upfront in return for government payments in the future, with those liabilities then left off the books. Greece, for example, traded away the rights to airport fees and lottery proceeds in years to come.

Banks eagerly exploited what was, for them, a highly lucrative symbiosis with free-spending governments. While Greece did not take advantage of Goldman’s proposal in November 2009, it had paid the bank about $300 million in fees for arranging the 2001 transaction, according to several bankers familiar with the deal.


http://www.nytimes.com/2010/02/14/busin ... 4debt.html" onclick="window.open(this.href);return false;
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Re: Greece?

Post by JohnStOnge »

I wonder what their ancestors would think.

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Re: Greece?

Post by OL FU »

ASUG8 wrote:Throw Ireland in the mix too - they were a powerhouse for a while, but they're in the same spot as the PIGS (Portugal, Ireland, Greece, Spain). If they fall, you know the French will drop their rifles too so there will be a huge ripple effect worldwide - think Asian banking crisis scale. :thumbdown:
Ireland in the mix too - they were a powerhouse for a while
I'm Irish and even I get a chuckle out of that statement :lol:

PS The irish don't mix, it is either straight or with ice :nod:
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