Associated Press - Wednesday Greece, already a huge and unwanted drain on Germany and France who are siphoning their wealth to Greece in order to prop up the Euro, has announced a $6.5 billion austerity plan.
However, this is austerity based on two extremes. First, it is a major blow to many citizens and it is a real negative to tourism (a true bedrock of the economy) as sales taxes will go to 21%.
So, there is a body of opinion that feels Greece is self-destructing on two ends - the citizens needed to support the nation and the tourists needed to bring in foreign currency reserves. Will the government collapse?
The Euro is fixing to collapse also. They set up these alternative fiat money systems, let them fail and say 'see we need a world currency' and the "Mark". Like the fifth element, your credits are running low!
Associated Press - Wednesday Greece, already a huge and unwanted drain on Germany and France who are siphoning their wealth to Greece in order to prop up the Euro, has announced a $6.5 billion austerity plan.
A 10% reduction constitutes austerity???Just another affirmation, that the Socialist/Communist economic model do not work...More collapses are on the way, as economic power heads to Asia...
However, this is austerity based on two extremes. First, it is a major blow to many citizens and it is a real negative to tourism (a true bedrock of the economy) as sales taxes will go to 21%.
There countrymen line up at the federal trough for feeding, but then hid in plain sight when taxes are due...
So, there is a body of opinion that feels Greece is self-destructing on two ends - the citizens needed to support the nation and the tourists needed to bring in foreign currency reserves. Will the government collapse?
Interested in your thoughts.
What is currently needed in Greece, is either a military dictaryship or Milton Friedman..
Quote:
Originally Posted by Deersniper
The Euro is fixing to collapse also. They set up these alternative fiat money systems, let them fail and say 'see we need a world currency' and the "Mark". Like the fifth element, your credits are running low!
Deersniper, five years from now you will still be reading about the Euro, however, it may not be looked upon as a reserve currency anymore...
__________________
God bless and our Men and Women In Uniform. RIP Arkansas Hunter e
The Greek government operates the same way as the Commiefornia government. It is all about the giveaways and special privileges for the politically connected.
They will both end up in disaster. And both of them will be bailed out by the larger members of their economies, the European State and the United States.
All the major world currencies are being devalued as rapidly as possible, in an attempt to unwind the One Thousand Trillion in Derivatives that were on the books in 2008.
So far, the unwind has gotten down to 600 Trillion. We are not yet halfway there since the crash in Fall of 2008. That means we have at least 2 more years of this nonsense, and worsening economic conditions, as well, before it bottoms out.
Then, "they" will probably start WWIII to attempt to regenerate the world economy.
Buckle up, folks.
__________________ Criminals cheer for infringement of the Second Amendment. AR10 MBR GLOCK CCW
and our Men and Women In Uniform. RIP Arkansas Hunter e 
Teach
