Greece

Post by **Leisher** » Tue Feb 21, 2012 9:19 am

Another 170B in bailouts.

Seriously, how long can they keep throwing free money at Greece hoping the problem goes away?

A long term solution means Greece has to dump their socialist policies, and the residents of Greece need to understand they might actually have to work for a living. Vacations aren't jobs...

Post by **TPRJones** » Tue Feb 21, 2012 9:33 am

Leonidas would be ashamed.

Post by **TheCatt** » Tue Feb 21, 2012 9:33 am

Yeah, they've already done the socialist policy dumping... that's what all the riots are about. The bailouts are all contingent upon the end of their policies.

Post by **GORDON** » Tue Feb 21, 2012 11:14 am

Socialism can work as long as the right people are in charge, and other people are willing to bail them out forever.

Post by **TPRJones** » Tue Feb 21, 2012 12:26 pm

Socialism can work forever only with infinite resources, or with access to a more dynamic free economy to suckle off of.

It can never be efficient enough to produce the access materials required to sustain itself otherwise.

Edited By TPRJones on 1329845260

Post by **GORDON** » Tue Feb 21, 2012 1:52 pm

And you need full participation so up go the walls and barbed wire and gulags to keep people in.

Post by **TheCatt** » Sun Jun 28, 2015 5:43 pm

Banks closed tomorrow.

Post by **GORDON** » Sun Jun 28, 2015 5:51 pm

I wonder how they keep the entire country from just using Paypal as a bank.

Malcolm · Post by **Malcolm** » Sun Jun 28, 2015 6:45 pm

The official currency of Greece: bitcoin.

Post by **GORDON** » Sun Jun 28, 2015 6:58 pm

Seriously, though. Greece would seem to be prime for the paypal people to do a PR blitz about how THEIR bank wont be stealing your drachmas.

I'm sure their government probably has a law against using foreign banks or something.

Post by **Vince** » Sun Jun 28, 2015 8:09 pm

Greece is pissing me off. They were supposed to play nice for another 6 months or so.

Malcolm · Post by **Malcolm** » Sun Jun 28, 2015 8:14 pm

Bah. This is comedy gold. If the British hasn't stolen all their artifacts, they could've sold them off.

Post by **GORDON** » Sun Jun 28, 2015 8:15 pm

Vince wrote:Greece is pissing me off. They were supposed to play nice for another 6 months or so.

I think you're safe. It'll be at least 3 months or so before anything domino effects, if that's going to happen.

Post by **Vince** » Sun Jun 28, 2015 10:10 pm

That makes me safe to get my house on the market. But right now the average time on the market for houses in my neighborhood is just over 100 days. So I want them to play nice for 6 months.

Post by **TheCatt** » Sun Jun 28, 2015 10:42 pm

I don't think Greece is going to hit the US very hard. I wouldn't worry about it, Vince.

Even if the entire Greek economy disappeared, that's only 2% of the entire European GDP.

Gordon -> Paypal isn't a bank. And it doesn't want to be one.

But I agree with Malcolm, this is a nice PR scene for bitcoin.

Post by **TheCatt** » Sun Jun 28, 2015 10:43 pm

Here's the market reaction so far. Not so massive:

Asian markets quickly entered negative territory on Monday, led by Japan's benchmark Nikkei index, which dropped 2.4% in the first few minutes of trading.
Australia ASX All Ordinaries was down nearly 2%, while Seoul's KOSPI Composite lost 1.6% at the open.
The euro tumbled against other major currencies, losing 2% against the Japanese yen and 1.3% against the dollar.
In the U.S., stock futures were pointing to a sharply lower open on Monday, with major indexes heading for losses of 1.3% to 1.5%.

Post by **GORDON** » Sun Jun 28, 2015 10:45 pm

TheCatt wrote:Gordon -> Paypal isn't a bank. And it doesn't want to be one.

They keep sending me emails telling me to get an account with an interest rate. Maybe I should pay better attention to see what the hell they are talking about. I use paypal so infrequently that I let their shit go to spam, and only check my spam folder when I send money, so I haven't read those solicitation emails for a while.

Post by **TheCatt** » Sun Jun 28, 2015 10:56 pm

Stay away from PayPal.

Post by **Vince** » Sun Jun 28, 2015 11:08 pm

TheCatt wrote:I don't think Greece is going to hit the US very hard. I wouldn't worry about it, Vince.

Even if the entire Greek economy disappeared, that's only 2% of the entire European GDP.

Greece by itself I'm not too worried about. There's talk of a possible domino effect in the EU. But I don't know. Guess we might see soon enough.

Post by **GORDON** » Mon Jun 29, 2015 9:07 am

Puerto Rico comes out of nowhere with an unpayable debt. Vince's plan get a little shakier.

http://www.nytimes.com/2015....le.html

Makes me think there are some rich ass mother fuckers in PR. $72 billion in debt for a country of 3.6 million people. That's some impressive corruption.