Greece Illustrates 150 Years Of Socialist Failure In Europe - mises.org
Excerpt from this article:
"Greece cannot pay its debts ... ever. Nor can several other members
of the European Union. That’s why Europe’s elite are loath to place
Greece in default. If Greece is allowed to abrogate its debts, why
should any of the other debtor members of the EU pay up? The financial
consequences of massive default by most of the EU members is hard to
predict, but it won't be pretty. Europe has built a financial house of
cards, and the slightest loss of confidence will bring it crashing down."
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Speaking of Socialist failures...
The Complete History Of The Soviet Union To The Melody Of Tetris
Showing posts with label Greece. Show all posts
Showing posts with label Greece. Show all posts
Saturday, July 4, 2015
Thursday, March 5, 2015
Five Steps To Fixing Greece's Debt Problem
Five Steps To Fixing Greece's Debt Problem - lewrockwell.com
Excerpt from this article:
"Assets currently held by the Greek government in banks should be sold off and Greece should then make a clear distinction between true depository institutions and loan banks.
Depository banks would function in a manner similar to that of a storage facility where customers are charged fees for the storage of items such as furniture, boats, clothes, books, etc....However, 100-percent equity-financed loan banking should remain available and open to competition. Customers would need to keep in mind that putting money in a loan bank would be like putting money in the stock market. You know you risk losing everything. Such banks, or investment trusts, would be like any other business and this industry would not need any more special regulation than the potato chip industry.
------------------------------------------------
Recommended reading:
Florida Gov. On Gov't Medicaid Expansion: "Trillion Dollar Deficits--Would You Do Business With Them?
Recommended You Tube videos:
The American Dream Film
Recommended sermon:
When Government Tries to Be God, by Dr. David P. Murray
Excerpt from this article:
"Assets currently held by the Greek government in banks should be sold off and Greece should then make a clear distinction between true depository institutions and loan banks.
Depository banks would function in a manner similar to that of a storage facility where customers are charged fees for the storage of items such as furniture, boats, clothes, books, etc....However, 100-percent equity-financed loan banking should remain available and open to competition. Customers would need to keep in mind that putting money in a loan bank would be like putting money in the stock market. You know you risk losing everything. Such banks, or investment trusts, would be like any other business and this industry would not need any more special regulation than the potato chip industry.
------------------------------------------------
Recommended reading:
Florida Gov. On Gov't Medicaid Expansion: "Trillion Dollar Deficits--Would You Do Business With Them?
Recommended You Tube videos:
The American Dream Film
Recommended sermon:
When Government Tries to Be God, by Dr. David P. Murray
Friday, August 9, 2013
Obama on Greece: It’s Important to Have Plan For ‘Managing Debt’
Obama on Greece: It’s Important to Have Plan For ‘Managing Debt’ | CNS News:
"After meeting with the prime minister of Greece in the Oval Office on Thursday, President Barack Obama said it is important that government officials in Greece have a plan to manage their debt."
It's encouraging to have a president who is willing to share his wisdom with leaders of other countries. Of course, President Obama relies pretty heavy fellow Democrat Nancy Pelosi when it comes to managing America's debt. Ms. Pelosi said not too long ago that she is "All for balancing the budget...in a few decades."
Obviously, Mr. Obama's "Plan for managing America's debt" can be summed up in the Eagle's song: "Take it to the Limit: One more time!"
Recommended reading (my post):
Obama Calls Republicans "Deadbeats" for Opposing Increase in Debt Limit
Recommended sermon:
When Govenment Tries to Be God, by Dr. David P. Murray
"After meeting with the prime minister of Greece in the Oval Office on Thursday, President Barack Obama said it is important that government officials in Greece have a plan to manage their debt."
It's encouraging to have a president who is willing to share his wisdom with leaders of other countries. Of course, President Obama relies pretty heavy fellow Democrat Nancy Pelosi when it comes to managing America's debt. Ms. Pelosi said not too long ago that she is "All for balancing the budget...in a few decades."
Obviously, Mr. Obama's "Plan for managing America's debt" can be summed up in the Eagle's song: "Take it to the Limit: One more time!"
Recommended reading (my post):
Obama Calls Republicans "Deadbeats" for Opposing Increase in Debt Limit
Recommended sermon:
When Govenment Tries to Be God, by Dr. David P. Murray
Tuesday, February 26, 2013
How Broke is America, I Mean, Greece?
How Broke is Greece? This Broke - The Blaze
Excerpt:
"Successive tax hikes and state spending cuts have pushed unemployment up to 27 percent ... while 61.7 percent of workers under age 24 are jobless."
Recommended reading (my post):
"When Your Outgo Exceeds Your Income Your Upkeep Will be Your Down Fall"
Also, from today's news:
Democrats Complain about Presence of Debt Clock on Capital Hill - The Daily Caller
Excerpt:
"Successive tax hikes and state spending cuts have pushed unemployment up to 27 percent ... while 61.7 percent of workers under age 24 are jobless."
Recommended reading (my post):
"When Your Outgo Exceeds Your Income Your Upkeep Will be Your Down Fall"
Also, from today's news:
Democrats Complain about Presence of Debt Clock on Capital Hill - The Daily Caller
Friday, February 8, 2013
Today in the News - February 8, 2013
Here is what is going on in the world today:
Utah Homeowner Arrested for Shooting at Burglar - Fox News
Bilderberg 2013 Secret Location Uncovered - Infowars.com
Watch: Greeks Fight for Food: I Never Imagined that I Would End Up Here - Infowars.com
Rand Paul Introduces Audit the Fed Bill - The New American
Ohio Election Official: Ha, Ha, I Voted Twice for Obama - National Review Online
Mark of the Beast: Man Receives W-2 Bearing 666, immediately Quits his Job - The Blaze
President Ahmadinejad Says Iran Ready to Wipe Out Israel - The Washington Times
Is the Government Buying Up Ammunition to Initiate Gun Control by Other Means? - Ace of Spades
Map: Countries that Require Paid Sick Leave (US is Not One of Them!) - Slate
Two Chilling Developments Suggest Asia May Be One Step Away from War - Business Insider
Superintendent Demands Raises for Nations Wealthiest Teachers - The Daily Caller
Video: Mainstream Media 'a Threat to Democracy' - The Daily Caller
The Economy is a Lot Worse Than You Think - Accuracy in Media
Wait. Why Did the President Propose a Plan that Threatens Thousands of Jobs and Economic Security? - Human Events
Podcasts
How Can Christian Athletes Reconcile Football and Faith? by David McManus
The Supreme Court and Public Schools: Should Teachers Break the Law? by Pastor Kevin Swanson
Utah Homeowner Arrested for Shooting at Burglar - Fox News
Bilderberg 2013 Secret Location Uncovered - Infowars.com
Watch: Greeks Fight for Food: I Never Imagined that I Would End Up Here - Infowars.com
Rand Paul Introduces Audit the Fed Bill - The New American
Ohio Election Official: Ha, Ha, I Voted Twice for Obama - National Review Online
Mark of the Beast: Man Receives W-2 Bearing 666, immediately Quits his Job - The Blaze
President Ahmadinejad Says Iran Ready to Wipe Out Israel - The Washington Times
Is the Government Buying Up Ammunition to Initiate Gun Control by Other Means? - Ace of Spades
Map: Countries that Require Paid Sick Leave (US is Not One of Them!) - Slate
Two Chilling Developments Suggest Asia May Be One Step Away from War - Business Insider
Superintendent Demands Raises for Nations Wealthiest Teachers - The Daily Caller
Video: Mainstream Media 'a Threat to Democracy' - The Daily Caller
The Economy is a Lot Worse Than You Think - Accuracy in Media
Wait. Why Did the President Propose a Plan that Threatens Thousands of Jobs and Economic Security? - Human Events
Podcasts
How Can Christian Athletes Reconcile Football and Faith? by David McManus
The Supreme Court and Public Schools: Should Teachers Break the Law? by Pastor Kevin Swanson
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