Exactly ! As a good example : Do Not Feed The Bears at Yosemite or any other National Park or forest! :1orglaugh
Do not let The Bear 247 hear you say that, he'll rip you to shreds.
Exactly ! As a good example : Do Not Feed The Bears at Yosemite or any other National Park or forest! :1orglaugh
The point is, it is the behemoth hedgefunds and the uncontrolled stock exchanges that were bringing down small countries like they now break Greece (And in future, look out for Portugal and Spain, Ireland...).
They bet on the downslide of, as an example government bonds from these countries, and as they buy so many shares of bad debt insurances for those, the stock exchanges lower the worth of those bonds. It is rather complicated, but it boils down to betting on the failure of a state or country.
And our leaders are actually afraid of those hedgefunds, but they are either not willing or unable to control them and regulate the laws for stack markets and hedgefunds that make it impossible to do as they do.
The concept of capitalism, as we know it, has completely failed.
You know, the masses get poorer and poorer, and we even have to bail out those banks who ripped us a new one and now they are back but they are not changing their game. The next breaking money bubble is around the corner, and we will be loosing even more of our money, in order to keep those bastards in the game.
Time to change the rules!
You did not notice some other issue... been watching a documentary these days.
If you want to get your drivers license... you have to pay the examiner 250 euros cash.
If not, he will always find some tiny mistakes in order to make you pay so many add-on lessons you would pay triple that. So everyone just lays that cash on the table and you are good.
Hey, remember back when Greece was a major world power. Yeah, me neither... :o
Greek aeroplane joke :
There was a Greek, a French and an American. The aeroplane was flying over America, and the American goes "Hey we are flying over America", the Greek and the French go "How can you tell?", the American goes "Because I can see the Statue of Liberty"...
A few hours later the French guy goes "We are flying over France", the American and Greek guy go "How can you tell?", the French guy goes "Because I can see the Eiffel Tower"...
A couple of hours later, the Greek guy goes "We are flying over Greece", the American and French guy go "How can you tell?" and the Greek guy goes "Because my watch is missing!"
It was around about the time that the Romans ruled most of Europe
EuroZone Profiteers: How German and French Banks Helped Bankrupt Greece
This article was published before the Greeks voted “no” in the referendum on austerity.
Alexander Tsipras, the prime minister of Greece, has called a national referendum this Sunday to call the bluff of the European Union and International Monetary Fund who are trying to ***** his country to accept severe austerity in return for effectively rolling over much of the countries’ debt.
Today Greece owes its creditors €323 billion ($366 billion), some 175 percent of the country’s gross domestic product. How did it end up owing so much money?
“We should be clear: almost none of the huge amount of money loaned to Greece has actually gone there,” Joseph Stiglitz, former chief economist of the World Bank and a Nobel Prize winner in economics, wrote in the Guardian newspaper today. “It has gone to pay out private-sector creditors – including German and French banks.”
A recent CorpWatch report - The EuroZone Profiteers - can help shed further light on this matter. While it’s true that corrupt Greek politicians borrowed billions for shaky government schemes from these banks, there was a very good reason that the financiers made these rash loans: they were under pressure from European Union bureaucrats to compete in a global marketplace with U.K. and U.S. banks.
Take the German banks. While Anglo-American banking is dominated by many branches of a few major banks, Germany had some 4,000 unique institutions in 1990 that made up a three-pillar system of savings banks, co-operative banks, and private banks. These banks lived modestly on miniscule profits of one percent in comparison to Britain’s four mega-banks, which boasted returns as high as 30 percent on equity. Under pressure from Brussels, the German government agreed to push some of the bigger banks to become more “market oriented” by withdrawing state guarantees known as “anstaltslast” and “gewährträgerhaftung” to back them up in times of failure.
...