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Old 05-16-2012, 01:24 PM
 
29,407 posts, read 22,014,226 times
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Where is Mr. Potter, or should I say Mrs.Merke,l when you need her?

"Updated at 12:05 p.m. ET: Political leaders in Athens were due to discuss an emergency government Wednesday to deal with a possible run on banks as it emerged Greeks withdrew almost $900 million in a single day, fearing their country could crash out of the euro currency by the end of the week.
An interim government would take the country through to new elections on June 17, triggered by the collapse on Tuesday of talks to form a coalition between winners of the inconclusive May 6 election.
Greeks are withdrawing euros from banks, apparently afraid of the prospect of rapid devaluation if the country leaves the European single currency and returns to the drachma.
President Karolos Papoulias warned of “great fear that could develop into a panic,” the minutes of Papoulias' negotiations with political leaders showed, according to Reuters."


Well I should say anybody who has anything left...........


“Over the last two years Greeks withdrew approximately 70 billion euros from their bank accounts, an amount equivalent to approximately 35 percent of Greek GDP,” Dr Michael Arghyrou, senior economics lecturer at Cardiff Business School in Wales told msnbc.com."

http://worldnews.msnbc.msn.com/_news...on-banks?litel
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Old 05-16-2012, 01:33 PM
 
3,201 posts, read 3,858,998 times
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Greece should use the Canadian Loonie if they need a somewhat stable currency.
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Old 05-16-2012, 01:34 PM
 
25,619 posts, read 36,712,723 times
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Ah Socialism. Another great example.
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Old 05-16-2012, 01:39 PM
 
22,923 posts, read 15,497,191 times
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Were I a Greek with an average I/Q; I'd get my Euro's out Tuite-Suite as a crash is inevitable and if that happens, Greece's membership in the EU is toast rendering every bank account, and any savings within, virtually worthless.

I think any Greek would be foolish to simply leave their savings within Greece's banking system today.
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Old 05-16-2012, 01:48 PM
 
22,923 posts, read 15,497,191 times
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Quote:
Originally Posted by Bulldogdad View Post
Ah Socialism. Another great example.
What are you going to blame your country's eventual melt-down upon, as we all know your country isn't socialistic with it's welfare and entitlements out the ying-yang.

Give yourselves a couple more years of kicking your stupid can down the road and you can use the Greek play book, chapter and verse, to pattern your chagrin.

15 Trillion and growing is not the sign of a healthy capitalistic country at all. You're sinking faster than a submarine with a screen door and only a dissasociative fool would point a finger at another country at this stage of your history.
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Old 05-16-2012, 01:52 PM
 
29,407 posts, read 22,014,226 times
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Quote:
Originally Posted by BruSan View Post
What are you going to blame your country's eventual melt-down upon, as we all know your country isn't socialistic with it's welfare and entitlements out the ying-yang.

Give yourselves a couple more years of kicking your stupid can down the road and you can use the Greek play book, chapter and verse, to pattern your chagrin.

15 Trillion and growing is not the sign of a healthy capitalistic country at all. You're sinking faster than a submarine with a screen door and only a dissasociative fool would point a finger at another country at this stage of your history.
You are correct. Greece spends on average 12.5K per person. The US by comparison spends 20K per person. Just a matter of time. When the dollar is no longer the worlds reserve currency we will see the biggest bank run in the history of mankind in the US.

'U.S. Spends More Per Person than Portugal, Italy, Greece, or Spain' | The Weekly Standard
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Old 05-16-2012, 01:58 PM
 
25,619 posts, read 36,712,723 times
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Quote:
Originally Posted by BruSan View Post
What are you going to blame your country's eventual melt-down upon, as we all know your country isn't socialistic with it's welfare and entitlements out the ying-yang.

Give yourselves a couple more years of kicking your stupid can down the road and you can use the Greek play book, chapter and verse, to pattern your chagrin.

15 Trillion and growing is not the sign of a healthy capitalistic country at all. You're sinking faster than a submarine with a screen door and only a dissasociative fool would point a finger at another country at this stage of your history.
Uh yeah that was my point. Guess you missed the sarc.
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Old 05-16-2012, 01:58 PM
 
Location: Sango, TN
24,868 posts, read 24,396,474 times
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Quote:
Originally Posted by Bulldogdad View Post
Ah Socialism. Another great example.
No, its a sign of to much.

They have full retirement at age 55. Most people don't pay taxes. They have full health care for all citizens, again, while not collecting taxes.

The united states has plenty of tax revenue, with harsher retirement and health care standards.

Nothing about Greece is a good example of anything, except how to run a country poorly
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Old 05-16-2012, 01:59 PM
 
Location: Los Angeles
14,361 posts, read 9,792,731 times
Reputation: 6663
Quote:
Originally Posted by BruSan View Post
What are you going to blame your country's eventual melt-down upon, as we all know your country isn't socialistic with it's welfare and entitlements out the ying-yang.

Give yourselves a couple more years of kicking your stupid can down the road and you can use the Greek play book, chapter and verse, to pattern your chagrin.

15 Trillion and growing is not the sign of a healthy capitalistic country at all. You're sinking faster than a submarine with a screen door and only a dissasociative fool would point a finger at another country at this stage of your history.
Thank you! People here cry about how we are heading toward socialism, while ignoring the facts - THAT train left the station decades ago. They still believe because we are given two choices in an (pick any) election, that we have a two party system.

All we have are interchangeable politicians who spend, spend, and then spend more; On both sides. I'd sooner believe Europe followed OUR lead, and not the other way around. They just did it openly. In other words, the US government did one thing and made everyone believe they were doing something else.

We are the pinnacle of plausible deniability, and media induced comas.
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Old 05-16-2012, 02:06 PM
 
29,407 posts, read 22,014,226 times
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Quote:
Originally Posted by Memphis1979 View Post
No, its a sign of to much.

They have full retirement at age 55. Most people don't pay taxes. They have full health care for all citizens, again, while not collecting taxes.

The united states has plenty of tax revenue, with harsher retirement and health care standards.

Nothing about Greece is a good example of anything, except how to run a country poorly
The US has plenty of tax revenue but when we spend a trillion more than we bring in there is a problem no???

Then you have interest on the debt that was 251 billion in '11 and continues to rise. You think our country isn't being run poorly? If I ran my home expenses like our leaders run the government I would be in a tent on the river hoping to hook a flathead for dinner right now.
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