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Joined: Jul 2011
Posts: 23,453
Campfire Ranger
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Campfire Ranger
Joined: Jul 2011
Posts: 23,453 |
What is happening in Greece is what is happening in the large cities of the US, Which are dominated by unions and democrats. They keep thinking someone else will pay for all the entitlements and pensions. Sooner or later its going to dry up. Obama is on his way to make the US the same. He will have the ignorant controlling our destination. What happened in Greece is, its government went into debt from the International Loans Sharks in order to keep the people happy in order to maintain their cushy political positions. (and all the perks that went with them) Now, the International Loans Sharks are cashing in their chips and the Greek people have been left holding the bag. Neither a borrower nor a lender be; For loan oft loses both itself and friend, And borrowing dulls the edge of husbandry.~ Shakespeare... The rich ruleth over the poor, and the borrower is servant to the lender. ~ Proverbs 22:7, KJV
America needs to understand that our troops are not 'disposable'. Each represents a family; Fathers, Mothers, Sons, Daughters, Cousins, Uncles, Aunts... Our Citizens are our most valuable treasure; we waste far too many.
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Joined: Oct 2005
Posts: 79,321
Campfire Oracle
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Campfire Oracle
Joined: Oct 2005
Posts: 79,321 |
yeah,...debt is slavery in the literal sense.
The Greek government sold its people into bondage. To an extent, the older people in Greece played along with it, so they have to share some of the blame. Although I doubt if many could understand exactly what their government was getting them into.
But the young people had no part in it. And the young people were motivated to learn exactly what had transpired because they were getting slapped in the face by the austerity measures.
So they turned out to vote "no"
I don't blame them.
If you can't vote yourself out of bondage, what da fug is a vote good for?
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Joined: Nov 2003
Posts: 28,411
Campfire Ranger
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Campfire Ranger
Joined: Nov 2003
Posts: 28,411 |
and barely a whisper about the Chinese stock market. 30% drop in the past 3 weeks equates to roughly a 2.4 trillion dollar loss.
Broke a lot rice bowls with that. China's retail bubble is deflating. China just got its 1st lesson in Margin investing.
The degree of my privacy is no business of yours.
What we've learned from history is that we haven't learned from it.
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Joined: Nov 2011
Posts: 30,594
Campfire 'Bwana
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OP
Campfire 'Bwana
Joined: Nov 2011
Posts: 30,594 |
and barely a whisper about the Chinese stock market. 30% drop in the past 3 weeks equates to roughly a 2.4 trillion dollar loss.
Broke a lot rice bowls with that. China's retail bubble is deflating. China just got its 1st lesson in Margin investing. The Chinese tried their imitation of Richard Whitney ("I'll buy 10,000 shares of X (US Steel) a the Market"), with their 20 billion capital infusion into the market. I suspect they will fail in halting the decline just like Whitney.
You didn't use logic or reason to get into this opinion, I cannot use logic or reason to get you out of it.
You cannot over estimate the unimportance of nearly everything. John Maxwell
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