DisgruntledTunaFan

The Greek people are anarchic and difficult to tame. For this reason we must strike deep into their cultural roots: Perhaps then we can force them to conform. I mean, of course, to strike at their language, their religion, their cultural and historical reserves, so that we can neutralize their ability to develop, to distinguish themselves, or to prevail; thereby removing them as an obstacle to our strategically vital plans in the Balkans, the Mediterranean, and the Middle East.

(As reported in the popular Greek magazine, Oikonomikos Tachydromos on 14 Aug. l997, Henry Kissinger, while addressing a group of Washington, D.C. businessmen in Sept.1974)

This makes you go hhhhhhhhhhmmmmmmmmmmmmm when you read this...

Greece hit by new riots as pressure grows to quit euro

Christopher Leake
UK Daily Mail
April 26, 2010

Support for the bail-out of debt-ridden Greece was in doubt last night, leaving the country on the brink of financial meltdown as top German politicians said it should be forced to quit the euro.

Riots erupting during workers’ protests over planned public spending cuts, just hours after Greek Premier George Papandreou sought emergency £35billion of loans from eurozone countries and the International Monetary Fund.

The Greek government was finally forced to ask for international help after the cost of its borrowing spiralled to a new high, making it prohibitively expensive to borrow money to service existing debts.

Leading members of Germany’s Christian Social Union, sister party in Bavaria to Chancellor Angela Merkel’s Christian Democrats, said Greece should be forced out of the euro....................................

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Scott A. Johnson - End Times Current Events and Bible Study

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DisgruntledTunaFan

BBC News - Greece calls on EU-IMF rescue loans

Greece has formally asked for the activation of an EU-IMF financial rescue package to help pull the debt-ridden economy out of its crisis.

It had hoped that just the promise of EU support, agreed last month, would have been be enough to reassure markets and help its recovery.

But Greece's problems have continued to hit investor confidence in the euro and other European economies.

Eurozone countries will now provide tens of billions of euros in loans..................................

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Scott A. Johnson - End Times Current Events and Bible Study

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DisgruntledTunaFan

Goldman's Erik Nielsen On Why US Taxpayers Will Soon Burn Tens Of Billions To Delay The Greek Bankruptcy | zero hedge

A very much downcast Erik Nielsen shares why the soon to be revised IMF/EU 3 year €150 billion (up from €40 billion) Greek bailout will be a waste of taxpayer money. And here is why American taxpayers will soon have to pony up to make sure Greeks can retire at 61. "I suspect that some haggling is now going on between the IMF and the Euro-zone on the burden sharing of a bigger program, but I rather doubt that the Europeans can do more than the already announced EUR30bn for the first year. If so, I suspect that the IMF will have to settle for something like a 12-months fully funded program worth a total of EUR50-55bn (or could it be an 18-months program worth some EUR80bn?)."...................................

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Mrs.PatsFanInVa

No, it doesn't.

People have been talking about the Greeks pretty much since Zeus ruled.

Some of 'em have been right, some of 'em have been wrong. Depends who you want to believe.

Henry had a history of not getting along with Greece. There was talk that he was responsible for giving the green light to Turkey’s invasion of Cyprus back in 1974.

I'd take whatever he had to say with a grain of WolfPack's salt.

Now that dude who wrote 2001, A Space Odyssey, (and, oh yeah, was also The Chairman of the British Interplanetary Society from 1946-1947 and from 1951-1953) he knew Greeks. He also knew space pretty well, too.


"If Christianity and Turkish occupation hadn't stopped the Greek civilization from its advanced progress in mathematics , chemistry and physics the Greeks could have been to space 600 years before the Americans"(Arthur C. Clarke)

Real World

If a single penny of my hard earned money goes to bailout those rejects in Greece, I'll be pissed. Screw them. The Europeans have no idea how much trouble they are in right now. The Euro is toast. The only thing that might save it, is it's coming devaluation versus the dollar. A possible 1 to 1 ratio might give it some hope, since the exports of the stronger countries, won't be as expensive anymore. Still though, I think it's likely to go down in flames. It certainly will for a handful of countries, who will revert back to printing their own money.

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"The most difficult subjects can be explained to the most slow-witted man if he has not formed any idea of them already; but the simplest thing cannot be made clear to the most intelligent man if he is firmly persuaded that he knows already, without a shadow of doubt, what is laid before him."
Leo Tolstoy, 1897

efin98

Before the jackals hen peck your answer
You must mean the exports TO stronger countries won't be as expensive....the exports OF stronger countries would be more expensive with devaluation.

Great point and theory.

Britain looks like they had it right by rejecting the Euro and keeping the Pound

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"As long as we have Belichick, I always think that we're going to be just fine."...Tom Brady, in reference to his coach.

“It is what it is, but it ain’t what you think.”...Brandon Spikes

khayos

Entitlements make economy crash. How many more examples do we need?

PatriotsReign

Oh, c'mon khayos! We need a LOT more examples to show the socialists!

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"No one walking this earth knows what is truly righteous"

wistahpatsfan

Everything. on the fence and it's not just Greece. Portugal just got reduced to "junk-bond" status, too. Italy and Ireland on the fringes??? WHAT?

U.S. Stocks Mixed in Early Trading - NYTimes.com

..."The market is looking for some stability that they can grab onto, that this is not getting out of control,” said Mr. Schultz. “How they handle Greece will dictate how they deal with any weaker units out there. Portugal is on the fringes, and you have Italy and Ireland sitting out there. Maybe they are not as bad but maybe they will need some support as well"....

And we thought we were in trouble. Looks like the Euro house of cards may collapse. I agree with you, but the Wall Street Occupational Government (aka, US Dept. of Treasury) will roll out the old "Too Big to Fail" machine.

Any minute now...

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PatriotsReign

I would be more than adamantly against a single US dollar going to bail out any foreign nation. But I can hear it now..."If we don't do this, our society and our way of life may be jeopardized"...that would be a load of crap.

About a year ago, people on this very board were predicting that the US economy would be the first to fall. They said our currency would collapse. I wrote that many, many countries would fall before the US would.

Not saying I was right....BUT....

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"No one walking this earth knows what is truly righteous"