Greece Prepares to sell off state assests to get loans

CNN

Greece is preparing to sell off billions of dollars worth of state assets including airports, highways, state-owned companies as well as banks, real estate and gaming licenses to meet international lenders' demands that it raise funds.

Wow...This is crazy...I'm very surprised people are walking around like things are not happening here in the US as well as around the world...I just want to shake people and be yell WAKE UP!

Best time to bye island

This was the plan all along. This is the same idea as small scale predatory lending.

Step 1: Make loans you know the debtor cannot repay.

Step 2: Make bailout loans to cover the recipient in even more debt.

Step 3: Buy the failing state's property at wholesale costs.

Step 4: Rinse and repeat with the next country.


When will the world realize that the money we're using is monopoly money? This debt can be erased through revolution, and the lesson can be carried over to prevent this from ever happening again.

^ That's why it's best to invest in the lending business.

And resources. That's not going to slow down anytime soon. Americans who still want to be quite rather well off in the coming years better start buying land and start knowing how to farm. Coz that's what's America's gonna become next. A has been turned bread basket (and probably split into parts.)

reply to post by NephlimKilla


Seriously .. if this doesn't push the Greeks over the edge I don't know what will. There is even talks of Greece selling entire islands to other countries. This is a firesale.. a great fleecing of a nation. you can imagine it as a burning house and everyone is running in and stealing your things instead of putting the fire out.

The whole situation is a farce, and the EUs and ECBs short-sighted and reactionary policy will lead to the collapse of the euro if they don't sort out the situation soon. Merkel and Sarkozy are concerned with domestic issues and are struggling to agree on anything that makes sense. It took the Greeks rioting and the potential collapse of their political system before they reacted, and are still struggling to reach agreement. In Irelands case, they can't even get a discount on the penal interest rates being charged for the loan by the EU/ECB because of Sarkozys stubborness over the Irish Corporation Tax rate, a change in which would be stupid given the makeup of the Irish economy. Then you have the ECB agreeing that an Irish proposal giving medium term financing to Irish banks would greatly help the pressures on the Irish banking system, yet refusing to consider it.

reply to post by Rockpuck


I read on a news recently (NY times IIRC) that there are basically two kinds of people in Greece. One who wants to protest, another who just want to go to work (mostly gov't employees. And there are a lot of them.)

reply to post by Rockpuck


Agreed...Do you think the US is facing a similar situation? If so, when do you think the American people will start to rise?

There are too many people in America who are too brainwashed with the Republican conservative tea party nonsense about cutting taxes for the rich and balancing budgets and going into national austerity.

In Europe they are not as brainwashed therefore they are protesting the obsession with austerity that the predatory banksters are imposing on the middle class population.

They know in Europe that this is all nonsense, but in America becasue of the Fox news syndrome and the supine press owned by the corporations the American populace are ignorant.

To hold the line against the Globalist and bankster hogs that are directly responsible for the world economic collapse, all decent people should support, at least in heart, and if possible in deed, the valiant Greek people who are at the vanguard of the world-wide poor and middle class struggle against the elitist oligarchs who are destroying the world through greed.

Its happening in America through the machinations of the corporate pigs in the Republican Party who want to privatize everything [ give the pigs more to shove down their mouths], cut taxes for the rich, and cut services to poor and middle class people, while at the same time raising the defense budget to carry-out illegal and immoral wars.

Support the Greek protests!

reply to post by NephlimKilla


US municipalities are already liquidating assets to cover costs. The latest and largest is California suttering 25 state parks, the land will undoubtedly be open for development.

Everything from traffic cameras, meters to toll booths are being sold in the US. We just don't notice because it's all confined to local news.

Unlike the Federal Government States and cities can't print themselves into solvency.. same thing with Greece. California currently has a larger deficit and has more outstanding debt than Greece.

Will the US Rise? No. We are a weak people.

reply to post by Rockpuck


I appreciate the spirit of your post, but I think that although Americans are now weak as you say, inside we are a sleeping giant. When and if we wake up the world will shake.

But of course we have to wake up first.

reply to post by inforeal


True but like you said, IF and WHEN we wake up...I think people are too worried about waking up for work or more important issues such as "reality"..

reply to post by inforeal


People are too brainwashed and will believe anything told to them. The elites are experts at manipulating and building and destroying empires. They've done it for thousands of years. They always win. You think immigration and outsourcing are a new problem? Try ancient Rome.