[FairfieldLife] Greece votes NO
Greece has decisively rejected the austerity package wanted by other EU members. What this means is unclear to everyone. Greece could be on its way out of the Eurozone and the fallout for the EU could be a long-term recession. It will end in tears whatever. Greece owes $330 billion. There are only 11 million Greeks! One article discussing the crisis mentioned that Britain once defaulted on its debt to the USA. I'd never heard of that one but it turns out that in 1934 Britain defaulted on war debts to the USA worth about $350 billion in today’s money. So virtually the same amount! Most people think we have paid the debt off, but we haven’t. So if you Yanks are short of cash you know where to look.
Re: [FairfieldLife] Greece votes NO
Nope, all the bailout did was slap a band aid on the problem to delay the inevitable. A lot of economists have said the bailout should not have occurred. The middle class would have come out fine and rich would have had a reboot which they SO deserve! On 07/05/2015 05:05 PM, jr_...@yahoo.com [FairfieldLife] wrote: The world would have fallen into an economic depression without the bailout back then. If our national debt problem is not solved, the US could be in the same situation as Greece. Our current presidential candidates should address this problem. So far, nobody has come up with a viable solution. Rand Paul has proposed a tax reduction plan. But this would only increase the debt problem if nothing else is done. The obvious followup is to reduce government spending to fit the government income. This would mean that many government programs will have to be cut off. For obvious reasons, it would not be the military. ---In FairfieldLife@yahoogroups.com, noozguru@... wrote : Good for Greece. Time for the bankster house of cards to fall. Greece was okay until it was sold a bunch of derivatives by the fraudsters. Our congress should not have bailed out the banksters in 2008. On 07/05/2015 04:18 PM, s3raphita@... mailto:s3raphita@... [FairfieldLife] wrote: Greece has decisively rejected the austerity package wanted by other EU members. What this means is unclear to everyone. Greece could be on its way out of the Eurozone and the fallout for the EU could be a long-term recession. It will end in tears whatever. Greece owes $330 billion. There are only 11 million Greeks! One article discussing the crisis mentioned that Britain once defaulted on its debt to the USA. I'd never heard of that one but it turns out that in 1934 Britain defaulted on war debts to the USA worth about $350 billion in today’s money. So virtually the same amount! Most people think we have paid the debt off, but we haven’t. So if you Yanks are short of cash you know where to look.
Re: [FairfieldLife] Greece votes NO
Good for Greece. Time for the bankster house of cards to fall. Greece was okay until it was sold a bunch of derivatives by the fraudsters. Our congress should not have bailed out the banksters in 2008. On 07/05/2015 04:18 PM, s3raph...@yahoo.com [FairfieldLife] wrote: Greece has decisively rejected the austerity package wanted by other EU members. What this means is unclear to everyone. Greece could be on its way out of the Eurozone and the fallout for the EU could be a long-term recession. It will end in tears whatever. Greece owes $330 billion. There are only 11 million Greeks! One article discussing the crisis mentioned that Britain once defaulted on its debt to the USA. I'd never heard of that one but it turns out that in 1934 Britain defaulted on war debts to the USA worth about $350 billion in today’s money. So virtually the same amount! Most people think we have paid the debt off, but we haven’t. So if you Yanks are short of cash you know where to look.
Re: [FairfieldLife] Greece votes NO
The world would have fallen into an economic depression without the bailout back then. If our national debt problem is not solved, the US could be in the same situation as Greece. Our current presidential candidates should address this problem. So far, nobody has come up with a viable solution. Rand Paul has proposed a tax reduction plan. But this would only increase the debt problem if nothing else is done. The obvious followup is to reduce government spending to fit the government income. This would mean that many government programs will have to be cut off. For obvious reasons, it would not be the military. ---In FairfieldLife@yahoogroups.com, noozguru@... wrote : Good for Greece. Time for the bankster house of cards to fall. Greece was okay until it was sold a bunch of derivatives by the fraudsters. Our congress should not have bailed out the banksters in 2008. On 07/05/2015 04:18 PM, s3raphita@... mailto:s3raphita@... [FairfieldLife] wrote: Greece has decisively rejected the austerity package wanted by other EU members. What this means is unclear to everyone. Greece could be on its way out of the Eurozone and the fallout for the EU could be a long-term recession. It will end in tears whatever. Greece owes $330 billion. There are only 11 million Greeks! One article discussing the crisis mentioned that Britain once defaulted on its debt to the USA. I'd never heard of that one but it turns out that in 1934 Britain defaulted on war debts to the USA worth about $350 billion in today’s money. So virtually the same amount! Most people think we have paid the debt off, but we haven’t. So if you Yanks are short of cash you know where to look.
Re: [FairfieldLife] Greece votes NO
Well, I thought that was justified as payment for all that tea we dumped in the
harbor.
From: s3raph...@yahoo.com [FairfieldLife]
FairfieldLife@yahoogroups.com
To: FairfieldLife@yahoogroups.com
Sent: Sunday, July 5, 2015 6:18 PM
Subject: [FairfieldLife] Greece votes NO
Greece has decisively rejected the austerity package wanted by other EU
members. What this means is unclear to everyone. Greece could be on its way out
of the Eurozone and the fallout for the EU could be a long-term recession. It
will end in tears whatever.
Greece owes $330 billion. There are only 11 million Greeks!
One article discussing the crisis mentioned that Britain once defaulted on its
debt to the USA. I'd never heard of that one but it turns out that in 1934
Britain defaulted on war debts to the USA worth about $350 billion in today’s
money. So virtually the same amount! Most people think we have paid the debt
off, but we haven’t.
So if you Yanks are short of cash you know where to look. #yiv9185236020
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