Socialists get violent in Greece

[Cicero]

You are seeing the future of the United States as it gradually plays out across the European Union as cash strapped governments finally brace their 'have free cake and eat it too' citizen socialists in regards to hard fiscal realities.

Greece simply cannot continue to be a cradle to grave hand out nation where its citizens are concerned and keep the national economy afloat and healthy. The response by hyper spoiled socialist Greek citizens? Burn their own nation to the ground.

http://news.yahoo.com/greece-boils-over-120700059.html

The burnt out shells of at least 45 buildings in central Athens were still smoldering on Monday morning after a weekend of angry protests reached its apex on Sunday night in what Greek prime minister Luca Papademos called the worst breakdown of violence since 2008. Broken glass, chunks of marble ripped from the public squares and empty tear gas canisters lined the streets after an all-night battle pitted protesters against security forces who say they were outnumbered by a five-to-one ratio. Hundreds of protesters and police officers were injured and local Greek Sky television reported that at least twice, security forces ran out of tear gas.

Protests were held across the country, including in the tourist havens of Crete and Corfu, but the violence centered in Athens, where over 80,000 protesters took to the streets burning buildings and destroying property. An estimated 20,000 people also gathered in Greece’s second city Thessaloniki, where looters broke storefront windows and destroyed city parks. On Sunday, protesters were joined by a violent contingent of masked anarchists who took direct aim at security forces under the violent anti-authority mantra of the Black Bloc movement.

There you have it. The future of the United States once the gradually implemented Socialist Nation Utopia eventually implodes in the face of harsh fiscal realities.

Enjoy.

 

[Lapcat]

Except that.....the radical leftists already HAVE violence in the streets going on here. The OWSers are just the beginning of that anarchist movement towards US riots. They've had it all planned out for no telling how long now.

You are seeing the future of the United States as it gradually plays out across the European Union as cash strapped governments finally brace their 'have free cake and eat it too' citizen socialists in regards to hard fiscal realities.

Greece simply cannot continue to be a cradle to grave hand out nation where its citizens are concerned and keep the national economy afloat and healthy. The response by hyper spoiled socialist Greek citizens? Burn their own nation to the ground.

http://news.yahoo.com/greece-boils-over-120700059.html


There you have it. The future of the United States once the gradually implemented Socialist Nation Utopia eventually implodes in the face of harsh fiscal realities.

Enjoy.

 

[degsme]

You are seeing the future of the United States as it gradually plays out across the European Union as cash strapped governments finally brace their 'have free cake and eat it too' citizen socialists in regards to hard fiscal realities.

Greece simply cannot continue to be a cradle to grave hand out nation where its citizens are concerned and keep the national economy afloat and healthy. The response by hyper spoiled socialist Greek citizens? Burn their own nation to the ground.

Sure it can continue it. But it just needs to have a tax COLLECTION rate that actually matches its long term obligations.

Note also that unlike Greece, the USA can inflate its way out of debt.

So th fats aren't even close to similar. Saying that is the "future of the USA" is a bit like saying that a kid riding his tricycle is a good predictor of whether or not she will be able to ride a unicycle. They aren't remotely similar.

FACTS MATTER cicero
ALL of them - even the inconvenient ones.

 

[degsme]

Except that.....the radical leftists already HAVE violence in the streets going on here. The OWSers are just the beginning of that anarchist movement towards US riots. They've had it all planned out for no telling how long now.

You are so beautiful when you stitch together things that have no relatonship to each other and make up definitions.

 

[Days]

I think we have a very different system here, but one item, and it is the central item, is the same. And that is the nature of the debt. I've got a book written in 1935 decrying the way the central bank keeps us "artificially" poor.

In Greece, they understand it. They know that the central bank is robbing the nation.

In America... sigh... they don't get it. These sheep are totally bought into this system, so I can't see where enough will want to riot because they honestly believe that what is happening is "capitalism". It isn't remotely close to capitalism, but don't try to tell Americans that.

The ironic part is this; because we just merrily sell ourselves to the central bank, we continue to go deeper into debt than anyone in Europe is, both in volume and in degrees. Unless we start asserting the fiat of the Treasury in a direct way to create United States dollars instead of borrowing created dollars from the Federal Reserve, we will continue to rocket into debt by the trillions of dollars. Talk is cheap... the bottom line is all that matters.

 

[degsme]

I think we have a very different system here, but one item, and it is the central item, is the same. And that is the nature of the debt. I've got a book written in 1935 decrying the way the central bank keeps us "artificially" poor.

Please Days.. anything but that.. For the love of god lets not start that red herring.

 

[Days]

that red herring is what the riots are all about.

The reason they are mad is simple... they were going to put it to a vote, but when polling showed that the Greek nation wanted to pull out of the euro altogether, the bastards yanked the vote at the last moment and told them "too bad, we have to swallow the central banks austerity, like it or not" .... in essence, calling the EU central bank the new Caesar.

Like I said, they understand it, they are not sheep like Americans. You think this is a red herring? ...this is the end of the world.

 

[degsme]

that red herring is what the riots are all about.

No its not. its because Greece overran its capabilities so badly its going to take decades to dig out.

 

[Zam-Zam]

Although our situation and that of the Greeks is not entirely analogous, I would consider them as a canary in the coal mine. Acquire too much debt and eventually, unless you reverse course in time, you will default. That's when people will be told no, and that's when things will get ugly. Saying it can't happen here is folly.

 

[gabriel]

it already has pal. and you seem unable to find the will to change course.

 

[Days]

No they didn't. They over ran their euro restrictions, artificial restrictions.

they see through it, you don't.

 

[Days]

People in America do not understand what Jon Stewart was talking about when he said, "What about value?" (and the NYTimes columnist simply said, "Wow")

This system of debt currency takes its toll on us daily. The value of our wages continuously drops. We are already slaves. The national debt will never recede, it just grows and grows and grows; there is no turning it back. Americans do not understand this, they do not understand that the current system uses that debt as the money supply, we think capitalism will bring us out of debt... not when capitalism uses debt as capital. Under this system, capitalism grows the debt.

 

[gabriel]

bs, we use a similar system and the liberals managed to reduce it drastically. unfortunately we elected fiscal conservatives and they ran it up again! lol

 

[Days]

first you call it bs, then you admit it is happening to you also.

I've posted for ten years on this, Gabe. The debt snowballs. Once it reaches critical mass, it picks up traction and from there out, you are really packing on debt.

 

[gabriel]

nope. we reversed it easily and could do again with the right guys in power.

 

[degsme]

No they didn't. They over ran their euro restrictions, artificial restrictions.

they see through it, you don't.

Nothing artificial The problem was that their budget wsa predicated on certain revenues. They were estimating revenues at an 80% compliance rate and coooking the books to get there. reality was a 40% compliance rate.

 

[degsme]

first you call it bs, then you admit it is happening to you also.

I've posted for ten years on this, Gabe. The debt snowballs. Once it reaches critical mass, it picks up traction and from there out, you are really packing on debt.

And that is simple math... and the Math says... we are nowhere near there,

 

[Zam-Zam]

The debt snowballs. Once it reaches critical mass, it picks up traction and from there out, you are really packing on debt.

Snowball is an accurate description. And it is not limited to Greece:

London, 13 February 2012 -- As anticipated in November 2011, Moody's Investors Service has today adjusted the sovereign debt ratings of selected EU countries in order to reflect their susceptibility to the growing financial and macroeconomic risks emanating from the euro area crisis and how these risks exacerbate the affected countries' own specific challenges.

Moody's actions can be summarised as follows:

- Austria: outlook on Aaa rating changed to negative

- France: outlook on Aaa rating changed to negative

- Italy: downgraded to A3 from A2, negative outlook

- Malta: downgraded to A3 from A2, negative outlook

- Portugal: downgraded to Ba3 from Ba2, negative outlook

- Slovakia: downgraded to A2 from A1, negative outlook

- Slovenia: downgraded to A2 from A1, negative outlook

- Spain: downgraded to A3 from A1, negative outlook

- United Kingdom: outlook on Aaa rating changed to negative



http://www.moodys.com/research/Moodys-adjusts-ratings-of-9-European-sovereigns-to-capture-downside--PR_237716

 

[Days]

last I checked, our deficits are running over one trillion.

I don't know where your "there" is... but packing in over a trillion in debt every year is a lot of traction in my book.

 

[Days]

everything is artificial, beginning with the money itself.