difference is that Greeks are sleazy snake oil sales men and by now the rest of the world won't be scammed anymore, while the American marketing machine is brilliant and most likely makes the rest of the world trust in the credit of the United States for a very long time. Every party will come to an end eventually but at least investors in the US will only get fuxxed once every 200 years while the same occurs to investors in Greece or Russia every 20-50 years. Big picture!!!
Alexis Tsipras' "open letter" to German citizens
- Thread starter Tsing Tao
- Start date
The US and you may and do boast how much assets it has, BUT it never gets to the stage of realizing these assets into money or even that they change hands. The just have more QE and paper debt. My point was that is that if a part of the US became foreign owned as it would for a private person then the politicians would be forced to behave more prudently for a change.
Just disguising the fact that the US has been one of the worst run countries for decades, smoke and mirror tricks won't fool all of the people for all of the time. It is time to fess up and pay up. No convenient other country to blame either.
The weakness of democracy at work imho - just go on pretending it doesn't exist for as long as possible while the politicians keep spending like there's no tomorrow. The sad thing is that any candidate or party that even hints they may cut spending is unlikely to get elected. You can't trust the " people " on that one. The end of democracy draws nearer in Greece, it's birthplace and the USA, it's grave yard.
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Well, you need to learn to become patient. Any money printed that is not absorbed and invested in productive assets will eventually feed directly into pure price inflation, a bad form of inflation that does not originate from higher rates of productivity or wage growth. But that does not happen overnight, especially at lower rates of growth while the global economy remains depressed. In the end everything comes down to very elementary truths: Who produces widgets of the highest quality at most competitive prices while re-investing proceeds in better technology and research will be the one to stay in the game. In many ways the UK and US have descended into financial middle-men, handlers of yield-generating financial assets, not productive assets. As long as such assets produce a real (inflation adjusted) and positive yield investors will flock to such heavens. But we all shall see how the US will handle the next deleveraging cycle. Every credit will come due at some point, you can't roll over debt forever. I know some on this site vehemently disagree, but if you are a stern student of history you will agree that credit is only as good as the reputation of the creditor. As soon as the reputation is tarnished the house of cards will crumble. I do not wish this upon any economy, especially not the United States, but essentially that is how most every non-producing asset bubble burst in history.
So what?
Bah, germans are a good, responsible bunch, just a tat reckless when afraid of missing the skiing season.
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your weird, black humor does not bother me in the slightest, but I find it tactless and highly insensitive, given 150 people died from various nations, including some of your countrymen. You should feel ashamed of yourself. If you cannot be naturally funny then why not just shut up at certain times?
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As you kept your moral high horse in the stable those last few days, it seemed about time to wake up this thread.
Not aware of any fellow countrymen in that crash btw, but that's not the kind of detail I care about.
Nobody even mentionned rumours of Varoufakis leaving the Greek government sooner than later.
Not aware of any fellow countrymen in that crash btw, but that's not the kind of detail I care about.
Nobody even mentionned rumours of Varoufakis leaving the Greek government sooner than later.
Dude, you honestly think making jokes about 150 crashed passengers is funny? I hardly know anything about the crash because I am not emotionally attached to it but you must be retarded if you think your weird humor about a crashed plane is appreciated by anyone else.