First Cyprus, now Greece, next .. the Euro? the dollar? I swear the looters must be using AS as a playbook.

We should put all these "actions" that the socialists take when things get really bad into a file so that WE know what to expect here when the time comes. About the only safe thing I can think of is owning gold and silver buried in the backyard. It will be made illegal to hold again as it was in 1934, but they do have to FIND it first. Forget the banks and the dollar. It will be important that the fewest number of people are let into your "circle of trust" too

I lived in Greece and Cyprus for two years. Everyone there was trying to get a government job because it was guaranteed income and they only really worked three days a week due to all the official holidays. I have been watching them with great interest since that day. I knew they were going to have trouble with the Olympics and I could tell you that the riots would result in problems (though I didn't anticipate the deaths). I thought the EU was both stupid and desperate to invite them to join. That they abandoned even the democratic socialist government to vote for an avowed socialist told me all I needed to know.

The people there are good people, but they have no cultural value for hard work and that is the problem. There are no ethics to instill in the people themselves how productivity is a result of effort and ingenuity - not handouts. Greece is the poster child of what happens when the government supplies everything: it eventually collapses. Greece is a warning to the entire rest of the socialist world about the end results of such policies. It is a crime that few governments actually pay attention to the lessons of history happening all around them. They refuse to learn even though the examples lie openly to their view.

The Greek word is paropedes (I'd spell it, but it's a cyrillic alphabet) or "blinders" - similar to the ones you put on a horse to keep it going in a straight line oblivious to what's going on in the world around them.

Hello Eudaimonia,
A harbinger... a storm is brewing and we won't be spared. Eventually Peter gets tired of loaning money to pay Paul.
The latest warning from Ron Paul about our coming currency collapse paints a bleak picture. https://orders.cloudsna.com/chain?cid=MK...
Regards,
O.A.

It would be interesting to discover how many people who run the Greek government are solvent. I'll bet there are lots of Wesliki Mouchikis' out there.

One more obvious demise of a socialist country. After the government takes what ever money they can from government coffers they will confiscate the bank accounts of the population. While all of this plays out right in front of us not one other government will take notice and believe that it can happen to their country until it does happen. Like I said yesterday show me how this can be stopped from happening in the usa.

The Greek people should deal with Thomsen in Galtian fashion. Strike by leaving the EU. Recreate the Drachma with backing of production and eliminate the unafforable dole for those under 60 years old. End all negotiations with international bankers.
The day of reckoning is coming to America, too. If we don't take action to prevent this we will deserve our fate.

So - right now they are only robbing themselves. (Wm and I talked about this a bit yesterday.) But we are predicting, based on Cyprus, that they will begin taking money from private accounts soon.

Is that the situation in a nutshell.

In that case, the take-with for us should be to invest in stuff that is harder to take.

Jan

Yesterday I heard a proposal for a parallel currency in Greece. It seemed to me it was a way of issuing government bonds while meeting "austerity" restrictions in the Euro currency. More smoke and mirrors.

Does Greece have any producers left?

Just a matter of time before it happens here as well. I am glad I am the age I am!