Bunch of Criminals!
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William Henry Jackson Eureka, Colorado 1900 I was going to start out saying yesterday was the saddest day in Europe in 50 years, or something like tha
[See the full post at: Bunch of Criminals!]It’s insane that anyone has to prostitute themselves to pay their rent or put food on the table for their families but that M.D.s have to do this is absolutely surreal.
Greece is a weak country so this is what happens. Just wait until after the election. Tsipras and Syriza are now being called radical leftists and even communists here in the US media the last few days. Which means we will crush them as they are now the enemy. Lessons must be taught and examples made.
I wish I could agree agree but, I don’t. Things are not as simple as they appear, Greeks lived the high life for over 30 years abusing everything in their path, they thought they had found the goose that lays the golden eggs, they wasted 400 BILLION euros, each family owns at least 2+ homes, until it was time 35 years later to payback the money they borrowed and only then they realized what had happen, and only then the government tries ti implement a taxation system to collect. In the mean time 2 generations are raised wrong, most of these youngsters are worthless individuals for their society, they traded strong society and family values for security, or so they thought only to loose both. Today they are supported by their parents and grandparents for a minimum wage. Their ignorance is still vivid in today’s everyday life and the future government, Syriza, they are no better than anyone before, because they are a product of their own environment. How do I know all of this? I seen it every year , since 1982, going back what I had called home…
Ilargi,
I agree that economies must be reorganized, but such that “stimulus” plans are made obsolete–a thing of the past. Properly structured economies function on their own and are not subject to the booms and busts we have today, which many believe are intentionally engineered by the powers that be, to concentrate more and more of the wealth (property).
Jobs are created when the price of raw materials (and then the incomes and profits of businesses downstream) are in balance with wages and interest, or at parity, as some call it. The populace then has the means (earnings) to consume their own production.
In terms of currency, production needs to be monetized, not debt. This is the basis of sound, honest money.
Again, as Keen suggests, debt forgiveness is a good idea to reset an economy. But the structural reforms must be put into place so things don’t go right back to where they started from. As said, with an economy based on debt, you eventually get a small percentage of people owning everything, which is a condition ripe for misery, and revolution. Just ask the Greeks.
Rapier,
Makes me wonder what’s going on with the US and Cuba. If you can’t beat them, exploit them, huh?
Leaders = Liars; every man jack one of them, with few (very few) exceptions.
The latest outrage comes from the just appointed head of US Broadcasting Board of Governors, Andrew Lack. He named RT one of the agency’s main challenges, alongside extremist groups like the Islamic State and Boko Haram. WTF???
IME, RT is one of the last places/news organizations where genuine reporting is still happening.
Everything has been turned upside down, most especially the truth.
Link;
https://rt.com/news/225543-rt-isis-us-broadcaster/And then this;
https://rt.com/news/225751-psaki-rt-isis-bbg/The evil WH spokesperson disagrees, sort of kind of…
Didn’t somebody say bread and circuses…
Rapier, your information is so far off its borderline criminal itself. And deflects blame from the real culprits. Every major economy in the world has over borrowed, a lot of them just to buy essentials and get by, some because of outright ignorance such as in the UK where levering up and speculating on housing is a religious ritual.
Blaming each other is dividing and weakening us. The EU et al are just tools of a layer of criminal parasites who see themselves as gods, and as a literal separate species that has the duty to control the population for the sake of mother earth. Keeping wealth and therefore consumption away from the masses is their duty as gods of this earth. It’s perverse. And criminal. The sooner we stop blaming each other and recognising the situation the sooner we can refresh this one way system and devise one that doesn’t rely on destruction of people to save the planet
“… just sitting there”
The structure of our economic and social system (capitalism), requires that the majority of the population live on the edge of poverty. Taking action against the existing structures to try to make changes will make you into a brainwashed terrorist.Yes, cry for the Greeks, and at the same time cry for all the poor of the world that you have ignored.
Raul,
since I live in the Netherlands I qualify for “all of europe” from your closing statements.
However the appeal is naive since 99% of the establishment (political parties, government , corporate sector, banks) is pro-Europe. The only dissident is our local Geert Wilders party who affiliates with le Pen France and others and most people therefore rather avoid.
The only change we had a few years back was being able to vote for the new EU constitution (in practical terms even far more Europe). It was voted against by 2/3 of the population but then they changed some wording, called it something else and went forward just the same.
The good thing about our “democracy” is that we can say what we like but it is totally ignored.
Some parties in parliament have now voiced their concerns regarding Draghi’s next move but it is completely out of their hands since local government has no saying in what the EU central bank does. Things will only change when a complete euro implosion has taken place and there is nothing the average citizen can do before that happensPeter
Hey Ilargi,
You posted that Eureka Colorado picture before, and some others from that series, maybe back in 2008-2009.
Good pics, though…
🙂John
All this central bank nonsense is shuffling around claims on wealth; it’s not about creating wealth. The particularly sad thing about the proponents of business as usual is none of them knows how to create societal wealth. Creating more debt is a useful proxy for them.
ECB QE is a consequence of FED policy and the announcement to increase rates. Increased rates shall push sovereign debt deeper and force the holders to write-off. Such write-offs shall trigger bank defaults which would lead to a reset. The cause of the problem is the FED which needs to be abolished which will also lead to a reset. Eventually there is not other choice but to abolish the central banks in their present form. From my EU-perspective the US citizens should overcome the corrupt system of Democrats and Republicans, establish a new political power party that campaigns without huge cost using the internet and rid themselves of the FED which is only serving the interest of very few and drives the US population into poverty.
Debt Money Tyranny – a private international banking cartel literally renting money to society so our economies can temporarily function for the interest costs – is the root cause of the problem.
Everything else is secondary.
If you don’t eliminate debt based money, YOU’VE DONE NOTHING LONG TERM.
Except that term might not be so long anymore.
Greece is the symbol of where Debt Money Tyranny was ENGINEERED to take “little people” so that the sociopathic oligarchs can benefit according to their sick desires.
By all appearances, they don’t just want your stuff, either. They want your soul and spirit, too.funny how rent-seekers and usurers like “discovergold” tend to blame the generation rather than blame the policies which created the actions of a generation. as if they would just listen to him and speculate on gold rather than actually produce anything that the world’s problems would be solved.
it is really a basic money supply problem of credit-based monetary and banking systems made worse by little league teams like greece being forced to play in the big leagues with teams like germany. no money (no private or public loans). no jobs. it is made worse because greece is being parasitically drained of their existing money supply to the benefit of big foreign banks. greece needs their own currency and own banks if they can even hope of seeing the money supply to pay interest on public debts.
As I said, you probably know nothing about the culture nor you have lived there. I blamed the new generations because they abused everything in their path for over 30 years. I lived under the same conditions but I made my life a success, what do you suppose contributed to my success? ” The policies which created the actions”?
Listen and learn, don’t ever think that the modern Greeks will be model for the rest of the world to follow…
As far as “speculate on gold” it’s funny you mention it because I am not a speculator, I own physical Gold and Silver and continue to buy,do you?
And in case you are wondering I am GREEK and always will be!
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