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A summary of the Greek crisis and people's attitude
Contrary to what you may believe, Greece is quite a wealthy country, considering it's wealth (private+state assets over 2 trillion euros) and low population (11 million). However, since the aftermath of WW2, it is also a country which has been exclusively controlled by the west, through puppet governments.
These puppet governments, and especially those who reigned from 1981 to 1993, took the debt from 25% and skyrocketed it to 115% relative to the GDP. They also de-industrialized the country, enlarged the public sector and generally cultivated a culture of corruption.
However, the main problem was the huge debt. Also worthy of mention was the looting of pension funds - insuring that the state will have the pay for this missing money in the future (cost: hundreds of billions of euros). Looting of the pension funds took place in the 80s, 90s and 2000s through various forms like forcing the pension funds to deposit their money with 0% interest (!) when inflation was running at 20-25% rates, buying stocks when the stock market was at high levels (consequently losing a lot of money), toxic bonds etc.
In the 90s, the puppet governments started privatizing state wealth either wholly or through the stock market. This includes most prior state monopolies like banks, the telco, the energy company, water companies, gambling company / casinos, refineries, gold mines, postal service, airways, roads etc.
the enlargement of the public sector was blamed as THE cause of the economic failure and thus the solution was presented in the form of government shrinking. While government size was a very large problem due to their expenses, it was not the non productive office employees who got sacked, it was the profitable state companies which were privatized by using this social consensus. And thus the government had even less income to pay the ever increasing number of public sector employees .
Anyway, the debt situation was further escalated by the reduction of corporate taxes (it led to over 40 bn euros in losses these last 10 years) and the non-utilization of natural resources like oil, gas, precious metals, industrial metals etc which are worth hundreds of billions of euros.
These assets would ensure positive budgets (and debt repayment) however, the governments, being controlled from the globalists, did not touch those assets so as to be used for later - when increased debt is accrued and becomes non-viable. Then, these assets can be used as "repayment". It's an economic slavery condition.
Most Greeks do not understand this whole picture.
Unlike Europeans,you Americans seem to cheer for privatization and lose of public utilities. Most anyway. Cheering for lose of public assets is akin to cheering for your own demise. You will see.....
Originally posted by Doalrite
so the simple solutions to solve americas problems would be to ban all corporations....... remove them all from every town and city...
That might actually work... leaving huge voids and starting many small buisness's
Originally posted by hawkiye
reply to post by Germanicus
Unlike Europeans,you Americans seem to cheer for privatization and lose of public utilities. Most anyway. Cheering for lose of public assets is akin to cheering for your own demise. You will see.....
Those of us who are for privatization have nothing in common with what you are describing. We are talking about in a free market environment without government intervention and cronyism Where companies succeed or fail on their own merits without government protection or bailouts etc.. The so called privatization you are talking about is a result of government intervention and force. etc. Its not really privatization it is fascism/corporatism as these so called corps it is turned over to are the politically connected/protected by/or part of government etc.
Some things like Public Utilities are a matter of National Security.
You cheer for your own demise.
I hope you like austerity.
Originally posted by hawkiye
[...] Austerity is not a bad thing it is the road to recovery if done correctly!
Originally posted by hawkiye
reply to post by Germanicus
Some things like Public Utilities are a matter of National Security.
You cheer for your own demise.
I hope you like austerity.
Baloney! You have no clue what your talking about. Utilities in America are supposedly privately owned however government has intervened and eliminated competition and assigned territories to said companies that is fascism. Still there is no government protection of public utilities some group could easily take out the grid foul water supplies etc with a few well placed attacks that there are no defense preparations for whatsoever.
True privatization would not be austerity as you see it, it would be recovery! Yeah it would cut government spending and programs but that is a good thing!You guys spout rhetoric with no substance or history of actual implementation. Privatization historically was the case in America and it accounted for our most prosperous times. There is no historical period where privatization in without government intervention caused problems it caused prosperity. Austerity is not a bad thing it is the road to recovery if done correctly!
America grew to the richest most prosperous nation on earth mostly under limited small government returning to that blueprint of success is the only proven road to recovery!
edit on 10-6-2012 by hawkiye because: (no reason given)
Originally posted by ColCurious
reply to post by Germanicus
Stop instigating fear of austerity please.
There is no such thing as THE austerity as a certain flat-rate or something.
Austerity is a question of finding the right balance.. it's simply a process that comes in all forms and degrees, depending on what you're trying to achieve with it.
Too harsh and ill-directed austerity can be bad, no austerity at all (when your budged doesn't add up) is even worse.
Originally posted by hawkiye
[...] Austerity is not a bad thing it is the road to recovery if done correctly!
Exactly.edit on 10-6-2012 by ColCurious because: (no reason given)
Originally posted by babybunnies
Nice thread.
However, I firmly believe that the fall of the USA will follow the model of the fall of the Roman Empire circa 400 AD, the similarities are eerily familiar, I have posted other threads about this already.
Originally posted by cavtrooper7
The entire financial world system is in great need of an overhaul. Corporations are merely extentions of the robber barons of the industrial age who have matured to world class vampires.They've dug in with an armor of international law that they paid to build.
This huge entity isn't going anywhere by conventional means.All the leaders in the civilized world are on the take. My country takes orders from these creatures of treasure.