So, what exactly is going on in Greece?

[Jeny Smith]

Jeny, you just got a glimpse of what America will look like by the time you're 60... if not before.

well i didnt want to talk about it but in my thoughts usa bank system should collapse in 10 or 15 years. we see some big countries are going to start their own world bank system. Like Russia China India brazil and south africa does right now in union called brics. dollar is not powered by anything. usa just print them in amount they need. No any economic formulas. They just use the situation when all the whole world uses the dollars. too bad usa stoped being the good and fair county like it used to be before. the last weak presidents made it. from a point when all the world loved usa we've got not english speaking rest of the world **** usa. i truly hope that usa politics responsible for ******* hundred thousands in iraq and libya will be in the jail in the end.

 

[sean miguel]

I haven't been paying much attention. I'll see a mention of it on the news with video of a bunch of angry Grecians talking about something, my eyes glaze over and I fire up the PS4.

 

[Rey C.]

Please take some time and read this article. The road to the situation in Europe and not only Greece in particular is far more compicated than believed, as most media and politicians like to paint it very differently and black and white.



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Our German banks are make hundreds of millions as the country of Greece falls further, and THESE millions are ALWAYS being paid. VERY little of the whole money shoved in the direction of Greece reaches the country. It goes to those same banks that teased ther Greeks into their state, it is really very much like a *********** plot.

Look closely, other countries will follow.

In addition to that article, here's an older article which details how Greece had "help" in masking its true debt picture from a familiar money center player:

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well i didnt want to talk about it but in my thoughts usa bank system should collapse in 10 or 15 years. we see some big countries are going to start their own world bank system. Like Russia China India brazil and south africa does right now in union called brics. dollar is not powered by anything. usa just print them in amount they need. No any economic formulas. They just use the situation when all the whole world uses the dollars. too bad usa stoped being the good and fair county like it used to be before. the last weak presidents made it. from a point when all the world loved usa we've got not english speaking rest of the world **** usa. i truly hope that usa politics responsible for ******* hundred thousands in iraq and libya will be in the jail in the end.

A lot of money was made (transferred from taxpayers to the military-industrial complex) off the war in Iraq. The perpetrators of that war (based on lies) will never see a day of jail time, or even a trial, I'm afraid (for war crimes, treason, profiteering, perjury... take your pick). We had a sufficient number of spineless, follow the leader Democrats combined with mindless, mouth-breathing "we're better off fightin' them over there than over here" Republicans that no one wants to bring it up again. I do give Bernie Sanders credit for being one of the few to vote "no" on that fiasco. And as we can see right now, all that we really did was open a pathway for Al Qaeda (and now) the Islamic State into Iraq. Oh yeah, and we did **** a bunch of people and **** away around a trillion U.S. taxpayer dollars. We're just brilliant like that.

Even though there are some far left economists who will tell you that deficits don't matter, let's see what happens when interest rates begin to rise to a more normal rate and we have to begin paying a greater percentage of our revenues to satisfy those debt payments to our new best friends in China (and elsewhere). If deficits (which feed into the total debt every, single year) don't matter, then why is Greece in the shape it's in right now??? Something's not adding up, is it?


For better or worse:

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