Galt's Gulch

Add Comment

FORMATTING HELP

All Comments Hide marked as read Mark all as read

    -
  • Posted by $ AJAshinoff 9 years, 1 month ago
    Seems a bit late.
    Reply | Mark as read | Best of... | Permalink  
      -
    • Posted by freedomforall 9 years, 1 month ago
      Germany hopes that is so.
      It's a negotiating ploy.
      Greece should grow some stones, leave the EU, tell the banksters to choke on the debt created from nothing, and re-create a drachma backed by assets (with help from Russia and China.)
      They can get their house in order faster than the EU can. They must have the will and a rational plan.
      That alone would be a big advantage over the EU.
      Reply | Mark as read | Parent | Best of... | Permalink  
      • Posted by iroseland 9 years, 1 month ago
        Greece is up a creek without a paddle. They are looking for any loot that they can find to float things just a bit longer. Russia and China would never help them to prop up a new currency.. The Greeks have decided that they want to have all the comforts of the first world while not actually doing very much for them.. Right now their only hope is that they can get people to start paying 1 or 2 hundred dollars an ounce for olive oil and tzatziki sauce. Then they can keep living on the dole and retiring at 50..
        Reply | Mark as read | Parent | Best of... | Permalink  
  • Posted by straightlinelogic 9 years, 1 month ago
    The Nazis "borrowed" money from the Greeks, actually coerced loans, which they've never repaid. Why can't the Greeks insist on repayment, with interest, as an offset to what they owe the Germans and the rest of the EU? The article does not even touch on the hyperinflation the Germans inflicted on the Greeks while they occupied it, which was monumental and laid waste to the drachma, Greek savings, and the economy (see Grant's Interest Rate Observer, "Greek monetary back story," 2/24/12). The Germans have a lot of debts from World War II which they've never repaid, in both blood and treasure. They at least ought to pipe down on the sanctimonious rhetoric concerning Greece.
    Reply | Mark as read | Best of... | Permalink  

FORMATTING HELP

  • Comment hidden. Undo