ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 12, 2015, 10:59:47 AM |
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marcus_of_augustus
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Eadem mutata resurgo
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February 12, 2015, 11:38:36 AM |
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greece happens to be on the thin end of the wedge for the mathematically inevitable collapse of a credit cycle based on compounding interest ... last time around it was Weimar Germany.
Greece has to hit the big red RESET button because all the rest are pussies and don't have the balls to call an end to that which is inevitable anyway, and only made worse by delaying. Keynesian economics is fundamentally broken, that much is known, the long run has arrived, for the love of Zeus, hit the button already, let the chips fall where they may.
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JorgeStolfi
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February 12, 2015, 11:55:13 AM |
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Greece has to hit the big red RESET button because all the rest are pussies and don't have the balls to call an end to that which is inevitable anyway, and only made worse by delaying. Keynesian economics is fundamentally broken, that much is known, the long run has arrived, for the love of Zeus, hit the button already, let the chips fall where they may.
Keynesian economics implies government spending at the base of the economy, not making debts. The spending can be financed by taxes, even inflation tax. Borrowing from banks and later bailing them out are the opposite of Keynesian policies. It is usually neocon/monetarist governments who build up unpayable national debts, hold the bank profits to be more sacred than salaries and pensions, and make banks richer by imposing "austerity" on the rest of the population.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 12, 2015, 11:59:48 AM |
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RD965
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February 12, 2015, 12:07:21 PM |
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Greece has to hit the big red RESET button because all the rest are pussies and don't have the balls to call an end to that which is inevitable anyway, and only made worse by delaying. Keynesian economics is fundamentally broken, that much is known, the long run has arrived, for the love of Zeus, hit the button already, let the chips fall where they may.
Keynesian economics implies government spending at the base of the economy, not making debts. The spending can be financed by taxes, even inflation tax. Borrowing from banks and later bailing them out are the opposite of Keynesian policies. It is usually neocon/monetarist governments who build up unpayable national debts, hold the bank profits to be more sacred than salaries and pensions, and make banks richer by imposing "austerity" on the rest of the population. Unfortunately we do not follow keynesian principles. National debts are in fact, unpayable, and will still be Banks need to redefine financial business methods, meanwhile they need to be rescued since it can be the fall of the sector
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qwk
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Shitcoin Minimalist
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February 12, 2015, 12:18:09 PM |
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It is usually neocon/monetarist governments who build up unpayable national debts
Not that I disagree, but I'd like to point out that in fact, all national debts are, in practice, unpayable. To prove my point: could anyone name a single country that successfully paid their national debt? (I guess that if you do extensive research, you might find small countries that were able to do so, most probably because of singular events like the finding of natural resources or becoming tax havens for others, but I doubt that you'll be able to find larger economies that were able to pay up)If anything, it's usually considered a success when countries are able to reduce their debt in comparison to their GDP. Which is usually not done by actually settling the bills, but by growing the GDP and inflating the money supply. The absolute amount of debt usually stays the same or even rises.
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NotLambchop
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February 12, 2015, 12:27:51 PM |
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It is usually neocon/monetarist governments who build up unpayable national debts
Not that I disagree, but I'd like to point out that in fact, all national debts are, in practice, unpayable. To prove my point: could anyone name a single country that successfully paid their national debt? ... http://en.wikipedia.org/wiki/List_of_countries_by_external_debtGood morning, gentlemen.
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Miz4r
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February 12, 2015, 12:29:37 PM |
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greece happens to be on the thin end of the wedge for the mathematically inevitable collapse of a credit cycle based on compounding interest ... last time around it was Weimar Germany.
Greece has to hit the big red RESET button because all the rest are pussies and don't have the balls to call an end to that which is inevitable anyway, and only made worse by delaying. Keynesian economics is fundamentally broken, that much is known, the long run has arrived, for the love of Zeus, hit the button already, let the chips fall where they may. I agree we need a big reset on this disaster of a financial system, but an uncontrollable collapse might not be what you want. I would prefer a slow collapse, one where we allow the financial sector to deleverage and deflate to normal proportions and transition to a sustainable economy based on real productivity and value not on useless middlemen doing nothing productive sucking all the wealth out of everyone else.
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Morecoin Freeman
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February 12, 2015, 12:30:06 PM |
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Ugh sideways for the entire day... Need some action.
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ChartBuddy
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 12, 2015, 12:59:49 PM |
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qwk
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February 12, 2015, 01:17:23 PM |
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It is usually neocon/monetarist governments who build up unpayable national debts
Not that I disagree, but I'd like to point out that in fact, all national debts are, in practice, unpayable. To prove my point: could anyone name a single country that successfully paid their national debt? ... http://en.wikipedia.org/wiki/List_of_countries_by_external_debtCountries with zero debt: Singapore Macau British Virgin Islands Brunei Liechtenstein Taiwan Palau Taiwan is actually the only one I wouldn't have counted on. I'll take that as the exemption which proves the point.
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JorgeStolfi
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February 12, 2015, 01:30:32 PM |
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It is usually neocon/monetarist governments who build up unpayable national debts
Not that I disagree, but I'd like to point out that in fact, all national debts are, in practice, unpayable. To prove my point: could anyone name a single country that successfully paid their national debt? ... http://en.wikipedia.org/wiki/List_of_countries_by_external_debtCountries with zero debt: Singapore Macau British Virgin Islands Brunei Liechtenstein Taiwan Palau Taiwan is actually the only one I wouldn't have counted on. I'll take that as the exemption which proves the point. But, as noted above the table, some countries are also international creditors, and they may have negative net debt. The note claims that Italy is one such country. That would be cruel, because it would means that Italian taxpayers have to skip lunch to pay interest to foreign banks, and non-Italians have to sell their grandmas to pay interest to Italian banks; whereas they could do what the French once did and get done with it.
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qwk
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Shitcoin Minimalist
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February 12, 2015, 01:40:30 PM |
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It is usually neocon/monetarist governments who build up unpayable national debts
Not that I disagree, but I'd like to point out that in fact, all national debts are, in practice, unpayable. To prove my point: could anyone name a single country that successfully paid their national debt? ... http://en.wikipedia.org/wiki/List_of_countries_by_external_debtCountries with zero debt: Singapore Macau British Virgin Islands Brunei Liechtenstein Taiwan Palau But, as noted above the table, some countries are also international creditors, and they may have negative net debt. For example, Norway, Luxembourg, Switzerland, Italy and others are net international creditors Again, Norway, Luxembourg and Switzerland fit into the category of smallish economies with either natural resources or being tax havens. Italy and possibly other countries with negative net debt can still be doubted to ever be able to actually pay up. That would require collecting the credit they have given in the first place. To countries like e.g. Greece
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abyrnes81
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February 12, 2015, 01:48:00 PM |
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I'm still waiting the 450 $ dollars.
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ChartBuddy
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Activity: 2352
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1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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February 12, 2015, 01:59:47 PM |
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slowmo1983
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February 12, 2015, 02:10:42 PM |
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it`s breaking to the upside
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soullyG
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February 12, 2015, 02:13:13 PM |
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If it breaks through ~$225 we should see a nice short squeeze
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Paashaas
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February 12, 2015, 02:47:50 PM |
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I think that most ppl always overestimate the change that will occur in the next few years and underestimate the change that will occur in the next ten.
Yup. Fixed the time frame. I agree with this one, thx man.
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aztecminer
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February 12, 2015, 02:51:16 PM |
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don't take it personally it's just business .
Take what personally? that I am going to try to make a profit from the greek thing.
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