Greece

[AuFinger]

All will be great.

Until the 10 million people who aren't happy and are now sold down the river as debt slaves start to make a noise. The people who governments are meant to work for, rather than the banks they choose to represent.

I wonder how many Greeks still want to be part of the EU debt serf system now.

Fear will keep the other Euro governments in line, but the people of Europe will be even more unhappy in the longer run when they see how debt is treating the Greeks.

Whatever happens in Greece will happen elsewhere, so watch closely what happens!

[Paul]

There is so much underlying the vapid culture in UK, Europe America etc and they gleefully float along, checking their BookFace & Twatter and buying the latest and greatest gadgets to pull them further from reality.

 

The most powerful continue to consolidate their power and we're getting closer to a 2 tier/class society. Role on 50 years we'll have the super wealthy elite and everyone else being lower middle class/poor. Pecking at the crumbs to exist 

 

Keep the populace in a permanent state of distraction at every single insignificant issue under the sun that doesn’t even approach the goverments toes.

 

Sure, some corners of the internet deal in sharp anti-government activism, but they simply can’t compete with the latest Miley Cyrus antics or cute cat picture compilations that are sweeping the internet by storm

 

The sheeple are fat and happy with their MSG laden food, sugar coated processed everything, dancing with the stars, x facts, BGT, eastenders & corry.

 

Why do they want to pop their own little bubble of reality.

 

How does the government control its population? The same way it always has: divide and conquer.

 

It pits one group against the other and lets them fight.

 

Scots against brits

Blacks against whites.

Red party against blue party .

Women against men.

labour against conservatives.

Straight against gay.

muslim vs christian

 

The fighting is endorsed and encouraged by the power elite because it distracts their unjust or illegal methods of control,

that if carefully examined and brought to light, would bring into question their very justification of authority.

 

You can get the masses of sheeple to download flappy birds 50 million times onto a distraction device (smart phone or tablet)

 

Try to highlight and explain to people what is wrong with the world and their head goes straight back in the sand - dont want to know !!

youre a nutter - you read the internet too much

 

Back into cognitive dissonance mode,

the state of having inconsistent thoughts, beliefs, or attitudes, especially as relating to behavioral decisions and attitude change. 

 

"Can we put Britains got on Talent back on honey?, there's a dancing dog on next ".

[Pete]

I was thinking that the greek referendum was a yes or no to agreeing further austerity and not a yes / no to staying in the EU or the Euro.

How is it we hear through' the media that the Greeks want to stay in the Euro programme that is killing the ordinary man in the street ?

Have I misheard or missed a chapter in this saga ?

[HawkHybrid]

euro has weakened versus pound and dollar today.

if there was a deal then no one has told the currency

traders. maybe there's something wrong in the fine

print?

 

HH

[HelpingHands]

The UK may have to contribute to the bailout fund.

[KDave]

Greece is fixed everybody.

Ill be back to this thread in 6 months for the next bailout talk drama and can kicking exercise.

 

I wont hold out as much hope for Greece as I did this time though. The EU now has a track record of forcing the capitulation of democracy to private and sovereign banks.  

[garthy]

The UK may have to contribute to the bailout fund.

 

Sounds like we have to hand over 400 million, this Europe experiment feels like communism on a grand scale, if this can carry on We'll all end up bailing each other out till we all have nothing.

 

We're at the mercy of imbeciles! 

[alec86]

the problem today is kids are being brought up to think being in debt is ok, seeing mum & dad put everything on the credit card going on holidays they can't afford, its a joke, Im only 28 but I was brought up in a home where debt was looked down on, if you wanted something you saved for it simple as that, no credit cards or loans for shit you don't need, they also need to teach budgeting in schools kids have no idea what outgoings cost, sorry for the rant 

[SilveriteFX]

Sounds like we have to hand over 400 million, this Europe experiment feels like communism on a grand scale, if this can carry on We'll all end up bailing each other out till we all have nothing.

 

We're at the mercy of imbeciles! 

 

 

 

"Greece: Selling off the silver" - http://www.bbc.co.uk/news/business-33511507

[AuFinger]

Since we're all insolvent anyway, it's our kids that'll be paying for this bailout as much as us, all on MORE debt to add to our pile.

Talk about house of cards and compete political and economic incompetence.

Well it's either incompetence or malice, either way they all need to fall on their swords.

[Pete]

As long as the interest rates on the loans are marginally less than inflation we have nothing to worry about as eventually the IOUs will be worthless.

This process is accelerated of course by quantitive easing or "money printing".

If you could get a solution to the counterfeit security of notes, you could print more money at home hence paying off your debtors without any austerity pains.

I think the "Euro-Wonga" interest rates on the Greek loans are however relatively high so they will never be able to pay back the full amounts before the world ends.

[Bumble]

If Greece is compelled to put up some of its gold reserves as collateral, this could cause an increase of supply to the physical market and push the price down. If the same thing extends to Spain, Portugal or Italy, then potentially many hundreds of tonnes could find their way onto the market. This of course assumes that these countries have not already secretly sold or committed their gold in some other way.

[SilveriteFX]

A few more good articles from CoinTelegraph...

 

"How the Greece Debt Crisis Showed the World That Bitcoin Is a Store of Value"

 

- http://cointelegraph.com/news/114840/how-the-greece-debt-crisis-showed-the-world-that-bitcoin-is-a-store-of-value

 

(also discusses how "Greeks are looking to turn physical cash into stores of value" such as gold and silver).

 

 

"How Greece Was Lost: ‘We Were Set Up’ – Yanis Varoufakis"

 

- http://cointelegraph.com/news/114843/how-greece-was-lost-we-were-set-up-yanis-varoufakis

[craig12]

and now the imf come out and say the bail out package is unpayable  and some debt should be cut................this gets better and better

[bones]

do you think they have realised that alot of pro Europe plebs were watching this and have woken up to reality . that the biggest benefactor of the euro being germany ,  will jackboot there way over the weaker countrys to keep them in line and the gravey train running . suddenly them pro euro,s arnt so pro and a brexit looks the better option  

 

bring it on i say , lets leave and bring grease with us . i could do with a holiday

[craig12]

deputy finance minister  and another finance guy resigns   107 out of the 201syriza are against apparently   im very confused now

[SilveriteFX]

and now the imf come out and say the bail out package is unpayable  and some debt should be cut................this gets better and better

 

Indeed. It is already 'unpayable' debt. GDP output cannot even match the interest on the repayments. The EU has printed to much money and devalued not only the currency, but also entire EU zone economies.

 

The start of the 'currency reset' approaches imho, although they will contiune to drag this out for as long as possible.

[SilveriteFX]

Yet another 'beyond the point of no return' scenario...

 

I.O.U.S.A.: Byte-Sized - The 30 Minute Version - https://www.youtube.com/watch?v=O_TjBNjc9Bo

 

... to be added to the pile of ever increasing debt based world economies and 'broken' FIAT money.

[HelpingHands]

A greater disaster in Greece may loom if the people vote for Golden Dawn next time since Tsipras appears to have let them down.

[Hookythestacker]

A greater disaster in Greece may loom if the people vote for Golden Dawn next time since Tsipras appears to have let them down.

Could well happen HH, when they became too popular the technocrats just banged their leadership up though. The dark horse in all this could well

be the Greek army who have a history of taking matters into their own hands when they think enough is enough.

[Agpanda]

[SilveriteFX]

"UK 'strikes deal' over Greek bailout"

 

- http://www.bbc.co.uk/news/uk-politics-33556085

[Pete]

"UK 'strikes deal' over Greek bailout"

 

- http://www.bbc.co.uk/news/uk-politics-33556085

 

 

Great - we are 1.5 trillion pounds in debt and growing by the minute and we can lend the European banks a billion tomorrow !

It might be protected but will we ever see it paid back in the next 50 years ?

Meanwhile our government has to borrow this money somewhere and at what rate of interest ?

Why does the ECB need our support at all ?

[craig12]

heard on info wars last night that the money they lent them was partly for the 2 payments they didn't pay , so let me get this right

 

heres some money oh and by the way part of this is for the 2 payments we didn't get so we want that bit back

[Cointreau]

I don't think the Greeks have even been paying the interest on their debts lately.

They are too far gone.