For Greece: "Nothing Is Gonna Be Alright"

Revolt? They went way too liberal giving away money they didn't have. It is why the euro banks are putting the screws to the greek gov. It. Would be painful for people when they find out the gov can't go in debt any more to take in little in taxes and put out big money in benifits. there is a reason the acient greek culture died off, just the modern day equivelant right now
 
Yeah, I was afraid of that... You know, I adore Greek architecture, and I have to ask myself if that would be like adoring the VW Beetle, which was the creation of Adolf Hitler, or remembering that it was the creation of a sick mind. What I see is beauty in Greek architecture as well as the pompous attitude of "triumph over nature," the dominating, conquering nature of civilization. Which is it going to be?

I'm especially concerned for the emerging phenomenon of the "Brownshirts," the Golden Dawn faction in Greece. I do believe that a breakup is coming between the fiscally looser countries of Catholic roots in the south and the more fiscally responsible, Protestant-leaning countries of the north.

Not going to be pretty. There is just TOO MUCH history involved. The Euro should not have happened. The countries should have remained as they were and kept trading with each other, respecting each others' histories, customs, languages, etc.
 
afraid brown shirts always stick head up in times like greece having...i was in Hungary few months ago they not doing so well either lots of them felt better off under communist system
 
It's a twofold problem, there is predatory lending at the consumer and national level. Both the government and it's people have to stop borrowing money and putting items on credit cards. It's not a problem that can be solved completely at either level.

And, the predatory lenders need to be held accountable(not going to happen in any democracy with bank lobbyist).
 
After thinking more about this thread, I think the only solution is to have mandatory school classes on fiscal responsibility.

I remember a teacher I had in college telling a story about how she teaches fiscal responsibility to her children who where young at the time. She would put together a grocery list and take them shopping. She told them she would give them enough money to buy everything on the list and that if they bought items on sale or cheaper they could keep any money left over from the bill. However, she would not give them any money if they went over the original cost(you can't spend what you don't have).

This is the type of cultural change that is needed to keep the thieving bank lawyers, lenders and lobbyist at bay. Protect your children because the government certainly isn't going to do it.
 
VacationGuy234 said:
This is the type of cultural change that is needed to keep the thieving bank lawyers, lenders and lobbyist at bay. Protect your children because the government certainly isn't going to do it.
Click to expand...

I agree with you. However, the mandatory class would also have to include a history of the gold standard, including gold as money for thousands of years, why we went away from it and went back to it over the centuries, why it didn't work the way we needed it to, not the way the authors and the backers of the Coinage Acts intended (gaming the market exchange ratio between gold/silver against the US official exchange ratio), the context of a 40+ year experiment in fiat, what needs to be done to institute a MODERN gold standard and how this standard can keep the banking class at bay and humbled to nothing more than warehouses for precious metals (especially since we have electronic transaction capability), with no lending capability except directly between the warehouse receipt holders so as to eliminate fractional reserve lending, which is part and parcel of fiat money, AND make the owners of the precious metals (and not the warehouses) directly responsible for the good/bad decisions as to which debtors to trust in lending/getting back the gold.

Edit: one of the biggest steps is the "central bank" of central banks meeting in Basel, Switzerland to discuss implementation of Basel III, moving gold from a Tier 3 asset with 50% risk weighting to a Tier 1 asset with 0% risk weighting, essentially making gold as good as cash and bonds, possibly next year or the next two years after that. We're waiting to hear what the Basel meeting comes up with. They do recognize that the banks have to go back to having gold as a more solid basis for reserves and money than has been the case since August 15, 1971, when Nixon took us off the gold standard internationally (essentially a default on the gold standard on the international front, which Nixon is eternally damned for).
 
deafdrummer said:
I agree with you. However, the mandatory class would also have to include a history of the gold standard, including gold as money for thousands of years, why we went away from it and went back to it over the centuries, why it didn't work the way we needed it to, not the way the authors and the backers of the Coinage Acts intended (gaming the market exchange ratio between gold/silver against the US official exchange ratio), the context of a 40+ year experiment in fiat, what needs to be done to institute a MODERN gold standard and how this standard can keep the banking class at bay and humbled to nothing more than warehouses for precious metals (especially since we have electronic transaction capability), with no lending capability except directly between the warehouse receipt holders so as to eliminate fractional reserve lending, which is part and parcel of fiat money, AND make the owners of the precious metals (and not the warehouses) directly responsible for the good/bad decisions as to which debtors to trust in lending/getting back the gold.

Edit: one of the biggest steps is the "central bank" of central banks meeting in Basel, Switzerland to discuss implementation of Basel III, moving gold from a Tier 3 asset with 50% risk weighting to a Tier 1 asset with 0% risk weighting, essentially making gold as good as cash and bonds, possibly next year or the next two years after that. We're waiting to hear what the Basel meeting comes up with. They do recognize that the banks have to go back to having gold as a more solid basis for reserves and money than has been the case since August 15, 1971, when Nixon took us off the gold standard internationally (essentially a default on the gold standard on the international front, which Nixon is eternally damned for).
Click to expand...

This is an interesting connection. I will look more into this.

It doesn't have to be a foreign bank to be crooked. Banks themselves are not necessarily bad(although you wouldn't know it by their actions), unconstrained credit is very bad.

I'm of the opinion that you don't need a gold standard to tell a corporation is predatory, just don't allow them to give money that can't be completely paid back in a reasonable amount of time. The is actually called regulation for all you deregulation folks out there.

The link between actual gold isn't a bad thing, but is modern currency not an abstract concept? And, can we not make abstract laws to deal with abstract crimes? I think we can.

Off topic: For a good laugh on this(we all need one), check out Terry Pratchett's book, Making Money. It's a good read and the parallel is great.
 
cut credit card up spend only what you have ,accept if no work no pay and dont expect tax payer to keep lazy work shy people who drop babies off every year keep their flat screen tv or top of range computers.simple but oh so hard
 
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