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Originally posted by marg6043
reply to post by Convicted
My friend the debt of nations is the result of governments gambling with the nations wealth in order to create wealth for the bankers Central banks business is to in debt nations so they can profit.
But that worked for a while, until the corrupted Gambles in the US (Goldman Sach) made a mistake bringing the markets down with the dirty derivative business, Every bank and nation that were gambling on it fell down the crapper.
What you see now with the EU crisis is the domino effect of the 2008 market mortgage crash that the US started, all those derivatives are still circulating around and more has been created because is a vicious cycle that the Market gamblers can not get off of it.
What the nations government do they create more fake money to counteract the damage, but is not working, because fake money is just that fake money with no real wealth to back them up.
Is not the populations that are the problem is the Gamblers in the Markets.
Originally posted by nightbringr
reply to post by AnonymousFem
Please explain to me the mechanism the banks use to MAKE a country take a loan when it is not first asked for?
Originally posted by getreadyalready
reply to post by nuttin4U
I think you are correct!! Let the Greece stuff spill over. Let the OWS stuff turn into an organized strike. Bring the whole thing to a crushing halt until we can do things correctly.
You should start a FB page, or add your ideas onto the OWS pages. Can't recruit on ATS, but as a State Worker that has not had a raise in 7 years, and has had additional deductions from my pay for 2 years in a row, I would support it!
Originally posted by getreadyalready
reply to post by DangerDeath
Half a Million in Israel? The NYC ones are supposed to be growing a lot tonight as well. And, we are coming into a weekend, so more people might be able to join!
Doesn't seem to be fizzling does it?edit on 6-10-2011 by getreadyalready because: (no reason given)
Originally posted by MidnightTide
The people were suckered into You can have your cake and eat it to....sort of like most of the United States, Canada and Europe....and now they are finding that you can't. Social entitlements with no way to pay for them, the buck stops somewhere.
(and yes, before someone tells me, the greedy bankers had their hands in this mess as well)
Originally posted by VitriolAndAngst
Originally posted by MidnightTide
The people were suckered into You can have your cake and eat it to....sort of like most of the United States, Canada and Europe....and now they are finding that you can't. Social entitlements with no way to pay for them, the buck stops somewhere.
(and yes, before someone tells me, the greedy bankers had their hands in this mess as well)
I hear this sentiment of "social entitlements are the problem" all the time from our Chase Manhattan and Bank of America paid for News in the USA.
Come to think of it, NPR hasn't had a tough investigation of DuPont or ADM since those companies became commercial sponsors.
>> When you sound just like the "mavericks" who got paid from PR agencies -- it's time to consider that your opinion may be the result of propaganda.
Social Spending CANNOT bankrupt a state because that money goes back into the economy. What CAN bankrupt a state, is Banks and financial shenanigans. Greece might have had a large and unproductive government -- but follow the money. Whoever has the most money out of this Greek Tragedy, is obviously the one who profited from it.
By the way, Goldman Sacks was making a bundle shorting Greek Currency -- since they have more money than many countries -- they can manipulate an entire nation. Teams of Hedge funds did the same to Bear Sterns as well -- and if they can bankrupt the company/nation, they stand to make HUGE returns by shorting that stock or currency.
>> You CANNOT make something for nothing without it eventually destabilizing an economy -- that is true. So how can "Financial Services" in the USA make 40% of the profits in 2008? It produces nothing of value, and the ONLY reason stocks were originally of any use was to raise funds to make "capital investments" in a growing company -- but today, stocks are gambling chits used to place bets, and the money is made by playing the market -- not investing.
So who ended UP with the money? The culprit is fairly easy to see if you 'just follow the money' -- and that is why this "saying" stands the test of time.
Originally posted by marg6043
reply to post by VitriolAndAngst
I know exactly what you mean, media in the US is so taken over by private interest that what we get to hear and see is nothing but manipulated crap, I knew how the banksters got into the Greece corrupted government deals and one of the big reasons Obama wanted to bail Greece again is because if the go down is not only the EU to go down but Goldman Sach will take a big hit.
The crocks are everywhere when is a government willing to sell their owns country soul for profits.
Originally posted by nightbringr
Originally posted by VitriolAndAngst
Originally posted by MidnightTide
.... Much of what we but or consume here in the west is produced elsewhere. So while we may tax and tarrif this items, most of the profit goes overseas. This is not helpful.
Banks and governments are crooks. If you look at the Greek books since their manipulation of their finances in order to join the EU has come to light, it is very obvious they have badly mismanaged things for a very long time.
>> I have to address these other comments:
Much of what we but or consume here in the west is produced elsewhere.
Very true -- but what does that REALLY MEAN?
It means, that the REAL PRODUCERS don't get jack squat out of this "system" we enjoy. The Sweat Shop in Honduras cranks out jeans for pennies an hour and they are sold at TJ-Max for $30. It doesn't hurt our balance of trade all that much, because the "owners" of this system made all the money. What DOES bankrupt America, is all the offshore accounts and tax havens that these multinationals have set up. The very wealthiest are not paying taxes -- not even that 15% on capital gains. The REAL money-makers, have an ATM card that draws from Bermuda and they never see their money and neither does the IRS.
Dick Cheney, when not helping Haliburton reduce asbestos claims or selling Saddam weapons, made a mint helping millionaires and billionaires set up offshore accounts. For every DOLLAR in tax breaks to the top 2% that Bush gave out after 2001 -- 2 DOLLARS of increased foreign "investment" occurred. So, it was the REVERSE of a job creator or economic boost to lower these taxes. Without that and the two or three wars -- we wouldn't even have a trade deficit.
>> No, America imports more than it exports but we made lots of money because companies like Goldman Sacks made money from money deals. The WTO -- which has finally been forced out in most developing nations, made sure that "austerity measures" were put in place for "in debt" countries -- so that their resources would always be priced by the Debt Owners and too cheap to pay off the debt.
The same Predatory Capitalists that may have set up deals in Greece did the same thing all over Latin America. If a politician wouldn't deal -- there would be a small plane crash and the next one would. Read; "Confessions of an Economic Hit Man" if you doubt that. While a few sleazy politicians in Greece might have become millionaires -- follow the Billionaires -- those are mostly on Wall Street. If the Greeks and the German banks are broke -- who GOT THE MONEY? It didn't just disappear. By the way, I think Goldman Sacks made about $40 Billion in profits shorting Greek Currency right when they were about to go into default -- it made it impossible to refinance.
You can do that in a rigged system. Anyone PLAYING in the Globalist Economic Banking and Ponzi scheme, is merely economically surviving at the whim of the House. Any country that Goldman wants to take out in Europe (except maybe Germany or England at the moment), would follow Greece into bankruptcy. The MEDIA makes it seem like it was social spending and the LITTLE PEOPLE that caused it. Just like the MEDIA informs us that the Middle East has always been at war, but doesn't ever report on who sold who the weapons or might have paid to have a mosque blown up to create a war. But the oil flows cheaply and the rich get richer.
Getting the poor to fight the poor for crumbs has been the name of the game for a couple thousand years now.