Greece paralyzed from strikes

[Arraya]

Well the cat is out of the bag on the financial monster they created. There is no re-regulating it. It’s like the whole banking system is wired for implosion.

Here is a good piece on greece

Democracy vs Mythology: The Battle in Syntagma Square
I have never been more desperate to explain and more hopeful for your understanding of any single fact than this: The protests in Greece concern all of you directly.

What is going on in Athens at the moment is resistance against an invasion; an invasion as brutal as that against Poland in 1939. The invading army wears suits instead of uniforms and holds laptops instead of guns, but make no mistake – the attack on our sovereignty is as violent and thorough. Private wealth interests are dictating policy to a sovereign nation, which is expressly and directly against its national interest. Ignore it at your peril. Say to yourselves, if you wish, that perhaps it will stop there. That perhaps the bailiffs will not go after the Portugal and Ireland next. And then Spain and the UK. But it is already beginning to happen. This is why you cannot afford to ignore these events.

[KSMountain]

[quote=meadandale][quote=CA renter]
I agree that Greece needs to default (as do all the FBs in the U.S.).[/quote]

So, if you advocate Greece defaulting what is your position on the US raising our debt limit? Everyone says that the sky will fall if we default on our debt obligations. Shouldn’t we just default as well rather than trying to climb out of this massive hole?

If it’s good for Greece…isn’t it good for us?[/quote]
Just because it may be the best option for Greece doesn’t mean it’s the best option for us.

Some big differences:
* We aren’t part of a shared currency
* We don’t currently need to borrow at very high rates
* We are the world’s de facto currency (for the moment) and can print more (for awhile).
* We have better tax compliance
* We have a lower percentage of folks working for the government
* We spend a tremendous amount on the military and entitlements – allocations that could possibly be adjusted.

Overall – we *have* options. Now whether we have leadership and honesty and a willingness to not get re-elected (or to vote for those who tell us painful truths) is another matter.

[KSMountain]

[quote=meadandale][quote=CA renter]
I agree that Greece needs to default (as do all the FBs in the U.S.).[/quote]

So, if you advocate Greece defaulting what is your position on the US raising our debt limit? Everyone says that the sky will fall if we default on our debt obligations. Shouldn’t we just default as well rather than trying to climb out of this massive hole?

If it’s good for Greece…isn’t it good for us?[/quote]
Just because it may be the best option for Greece doesn’t mean it’s the best option for us.

Some big differences:
* We aren’t part of a shared currency
* We don’t currently need to borrow at very high rates
* We are the world’s de facto currency (for the moment) and can print more (for awhile).
* We have better tax compliance
* We have a lower percentage of folks working for the government
* We spend a tremendous amount on the military and entitlements – allocations that could possibly be adjusted.

Overall – we *have* options. Now whether we have leadership and honesty and a willingness to not get re-elected (or to vote for those who tell us painful truths) is another matter.

[KSMountain]

[quote=meadandale][quote=CA renter]
I agree that Greece needs to default (as do all the FBs in the U.S.).[/quote]

So, if you advocate Greece defaulting what is your position on the US raising our debt limit? Everyone says that the sky will fall if we default on our debt obligations. Shouldn’t we just default as well rather than trying to climb out of this massive hole?

If it’s good for Greece…isn’t it good for us?[/quote]
Just because it may be the best option for Greece doesn’t mean it’s the best option for us.

Some big differences:
* We aren’t part of a shared currency
* We don’t currently need to borrow at very high rates
* We are the world’s de facto currency (for the moment) and can print more (for awhile).
* We have better tax compliance
* We have a lower percentage of folks working for the government
* We spend a tremendous amount on the military and entitlements – allocations that could possibly be adjusted.

Overall – we *have* options. Now whether we have leadership and honesty and a willingness to not get re-elected (or to vote for those who tell us painful truths) is another matter.

[KSMountain]

[quote=meadandale][quote=CA renter]
I agree that Greece needs to default (as do all the FBs in the U.S.).[/quote]

So, if you advocate Greece defaulting what is your position on the US raising our debt limit? Everyone says that the sky will fall if we default on our debt obligations. Shouldn’t we just default as well rather than trying to climb out of this massive hole?

If it’s good for Greece…isn’t it good for us?[/quote]
Just because it may be the best option for Greece doesn’t mean it’s the best option for us.

Some big differences:
* We aren’t part of a shared currency
* We don’t currently need to borrow at very high rates
* We are the world’s de facto currency (for the moment) and can print more (for awhile).
* We have better tax compliance
* We have a lower percentage of folks working for the government
* We spend a tremendous amount on the military and entitlements – allocations that could possibly be adjusted.

Overall – we *have* options. Now whether we have leadership and honesty and a willingness to not get re-elected (or to vote for those who tell us painful truths) is another matter.

[KSMountain]

[quote=meadandale][quote=CA renter]
I agree that Greece needs to default (as do all the FBs in the U.S.).[/quote]

So, if you advocate Greece defaulting what is your position on the US raising our debt limit? Everyone says that the sky will fall if we default on our debt obligations. Shouldn’t we just default as well rather than trying to climb out of this massive hole?

If it’s good for Greece…isn’t it good for us?[/quote]
Just because it may be the best option for Greece doesn’t mean it’s the best option for us.

Some big differences:
* We aren’t part of a shared currency
* We don’t currently need to borrow at very high rates
* We are the world’s de facto currency (for the moment) and can print more (for awhile).
* We have better tax compliance
* We have a lower percentage of folks working for the government
* We spend a tremendous amount on the military and entitlements – allocations that could possibly be adjusted.

Overall – we *have* options. Now whether we have leadership and honesty and a willingness to not get re-elected (or to vote for those who tell us painful truths) is another matter.

[briansd1]

[quote=KSMountain]
Overall – we *have* options. Now whether we have leadership and honesty and a willingness to not get re-elected (or to vote for those who tell us painful truths) is another matter.[/quote]

All good points, KSM.

The funny thing about Greece, is that as backlash, the Greeks might end up putting a right-wing government in power that will cut government spending even more.

So what the heck are they revolting at their current socialist governement for?

The Greeks have few options. Either leave the Eurozone and have currency devaluation… or have internal deflation of wages and other goods.

The Greeks have to find ways to become more competitive to export more and become a cheaper tourist destination to attract more foreign money.

I have a friend who comes to America every year on a shopping trip because everything is cheaper in America, thanks to dollar devaluation (the Greeks won’t have that option unless they leave the Euro and return to the Drahma, which would cause a whole set of problems; so, right now, internal deflation is the solution).

[briansd1]

[quote=KSMountain]
Overall – we *have* options. Now whether we have leadership and honesty and a willingness to not get re-elected (or to vote for those who tell us painful truths) is another matter.[/quote]

All good points, KSM.

The funny thing about Greece, is that as backlash, the Greeks might end up putting a right-wing government in power that will cut government spending even more.

So what the heck are they revolting at their current socialist governement for?

The Greeks have few options. Either leave the Eurozone and have currency devaluation… or have internal deflation of wages and other goods.

The Greeks have to find ways to become more competitive to export more and become a cheaper tourist destination to attract more foreign money.

I have a friend who comes to America every year on a shopping trip because everything is cheaper in America, thanks to dollar devaluation (the Greeks won’t have that option unless they leave the Euro and return to the Drahma, which would cause a whole set of problems; so, right now, internal deflation is the solution).

[briansd1]

[quote=KSMountain]
Overall – we *have* options. Now whether we have leadership and honesty and a willingness to not get re-elected (or to vote for those who tell us painful truths) is another matter.[/quote]

All good points, KSM.

The funny thing about Greece, is that as backlash, the Greeks might end up putting a right-wing government in power that will cut government spending even more.

So what the heck are they revolting at their current socialist governement for?

The Greeks have few options. Either leave the Eurozone and have currency devaluation… or have internal deflation of wages and other goods.

The Greeks have to find ways to become more competitive to export more and become a cheaper tourist destination to attract more foreign money.

I have a friend who comes to America every year on a shopping trip because everything is cheaper in America, thanks to dollar devaluation (the Greeks won’t have that option unless they leave the Euro and return to the Drahma, which would cause a whole set of problems; so, right now, internal deflation is the solution).

[briansd1]

[quote=KSMountain]
Overall – we *have* options. Now whether we have leadership and honesty and a willingness to not get re-elected (or to vote for those who tell us painful truths) is another matter.[/quote]

All good points, KSM.

The funny thing about Greece, is that as backlash, the Greeks might end up putting a right-wing government in power that will cut government spending even more.

So what the heck are they revolting at their current socialist governement for?

The Greeks have few options. Either leave the Eurozone and have currency devaluation… or have internal deflation of wages and other goods.

The Greeks have to find ways to become more competitive to export more and become a cheaper tourist destination to attract more foreign money.

I have a friend who comes to America every year on a shopping trip because everything is cheaper in America, thanks to dollar devaluation (the Greeks won’t have that option unless they leave the Euro and return to the Drahma, which would cause a whole set of problems; so, right now, internal deflation is the solution).

[briansd1]

[quote=KSMountain]
Overall – we *have* options. Now whether we have leadership and honesty and a willingness to not get re-elected (or to vote for those who tell us painful truths) is another matter.[/quote]

All good points, KSM.

The funny thing about Greece, is that as backlash, the Greeks might end up putting a right-wing government in power that will cut government spending even more.

So what the heck are they revolting at their current socialist governement for?

The Greeks have few options. Either leave the Eurozone and have currency devaluation… or have internal deflation of wages and other goods.

The Greeks have to find ways to become more competitive to export more and become a cheaper tourist destination to attract more foreign money.

I have a friend who comes to America every year on a shopping trip because everything is cheaper in America, thanks to dollar devaluation (the Greeks won’t have that option unless they leave the Euro and return to the Drahma, which would cause a whole set of problems; so, right now, internal deflation is the solution).

[CA renter]

[quote=briansd1][quote=KSMountain]
Overall – we *have* options. Now whether we have leadership and honesty and a willingness to not get re-elected (or to vote for those who tell us painful truths) is another matter.[/quote]

All good points, KSM.

The funny thing about Greece, is that as backlash, the Greeks might end up putting a right-wing government in power that will cut government spending even more.

So what the heck are they revolting at their current socialist governement for?

The Greeks have few options. Either leave the Eurozone and have currency devaluation… or have internal deflation of wages and other goods.

The Greeks have to find ways to become more competitive to export more and become a cheaper tourist destination to attract more foreign money.

I have a friend who comes to America every year on a shopping trip because everything is cheaper in America, thanks to dollar devaluation (the Greeks won’t have that option unless they leave the Euro and return to the Drahma, which would cause a whole set of problems; so, right now, internal deflation is the solution).[/quote]

From what I can tell, the Greeks want to leave the Eurozone and devalue their own currency. This would make them more competitive, increase exports, and make Greece a cheaper tourist destination. Problem solved. 🙂

[CA renter]

[quote=briansd1][quote=KSMountain]
Overall – we *have* options. Now whether we have leadership and honesty and a willingness to not get re-elected (or to vote for those who tell us painful truths) is another matter.[/quote]

All good points, KSM.

The funny thing about Greece, is that as backlash, the Greeks might end up putting a right-wing government in power that will cut government spending even more.

So what the heck are they revolting at their current socialist governement for?

The Greeks have few options. Either leave the Eurozone and have currency devaluation… or have internal deflation of wages and other goods.

The Greeks have to find ways to become more competitive to export more and become a cheaper tourist destination to attract more foreign money.

I have a friend who comes to America every year on a shopping trip because everything is cheaper in America, thanks to dollar devaluation (the Greeks won’t have that option unless they leave the Euro and return to the Drahma, which would cause a whole set of problems; so, right now, internal deflation is the solution).[/quote]

From what I can tell, the Greeks want to leave the Eurozone and devalue their own currency. This would make them more competitive, increase exports, and make Greece a cheaper tourist destination. Problem solved. 🙂

[CA renter]

[quote=briansd1][quote=KSMountain]
Overall – we *have* options. Now whether we have leadership and honesty and a willingness to not get re-elected (or to vote for those who tell us painful truths) is another matter.[/quote]

All good points, KSM.

The funny thing about Greece, is that as backlash, the Greeks might end up putting a right-wing government in power that will cut government spending even more.

So what the heck are they revolting at their current socialist governement for?

The Greeks have few options. Either leave the Eurozone and have currency devaluation… or have internal deflation of wages and other goods.

The Greeks have to find ways to become more competitive to export more and become a cheaper tourist destination to attract more foreign money.

I have a friend who comes to America every year on a shopping trip because everything is cheaper in America, thanks to dollar devaluation (the Greeks won’t have that option unless they leave the Euro and return to the Drahma, which would cause a whole set of problems; so, right now, internal deflation is the solution).[/quote]

From what I can tell, the Greeks want to leave the Eurozone and devalue their own currency. This would make them more competitive, increase exports, and make Greece a cheaper tourist destination. Problem solved. 🙂

[CA renter]

[quote=briansd1][quote=KSMountain]
Overall – we *have* options. Now whether we have leadership and honesty and a willingness to not get re-elected (or to vote for those who tell us painful truths) is another matter.[/quote]

All good points, KSM.

The funny thing about Greece, is that as backlash, the Greeks might end up putting a right-wing government in power that will cut government spending even more.

So what the heck are they revolting at their current socialist governement for?

The Greeks have few options. Either leave the Eurozone and have currency devaluation… or have internal deflation of wages and other goods.

The Greeks have to find ways to become more competitive to export more and become a cheaper tourist destination to attract more foreign money.

I have a friend who comes to America every year on a shopping trip because everything is cheaper in America, thanks to dollar devaluation (the Greeks won’t have that option unless they leave the Euro and return to the Drahma, which would cause a whole set of problems; so, right now, internal deflation is the solution).[/quote]

From what I can tell, the Greeks want to leave the Eurozone and devalue their own currency. This would make them more competitive, increase exports, and make Greece a cheaper tourist destination. Problem solved. 🙂

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