Batty Koda said:

So today is the big day, Greeks have to decide whether they want more austerity or whether to break free from the Troika. What do you think about Syriza, New Democracy and the crisis in general? Here's my take;

The bankers need to stopped. They are the ones who did this to Europe by attacking the South European bond markets with Credit Default Swaps, a toxic rancid financial derivative that is peddled by the criminal parasites in Wall Street and the City of London. They did this in an attempt to shift the choas of the global depression they created onto Europe and protect their financial empire for a while. They decided the Greek bond market was a particularly weak link in Europes armour and stabbed at it with their CDS's.

Greece needs to declare a debt moratorium on their onerous debt and reject austerity in favour of an economic recovery program. If the Eurocrats don't like this and try to kick Greece out of the Euro then Greece should tell them that their banker puppeteers will never get a penny of that money back so Merkel and her friends will have to suffer the indignity of bailing out the zombie bankers AGAIN.

If the Eurocrats come to their senses and start thinking about economic recovery instead of propping up banks then there is an easy way to get Europe growing again. Get the European Central Bank to start issuing successive one trillion Euro tranches of credit for infrastructure projects and productive businesses. Not for zombie bankers to speculate with as is happening with Quantitative Easing where the bankers use credit from central banks to drive up the price of commodities and- coming full circle- Greek borrowing costs.

Keep issuing these tranches periodically, every six months maybe, until unemployment is down to 1%. It really is that easy. We just need to wrestle the control of our central banks from the parasitical financier oligarchy.

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So, your solution to big banks and more debt is to make even more debt a regular thing?  What exactly does printing fake money have to do with productive businesses?  Exactly nothing.  It feeds the problem even more.  It really isn't that easy to get out of debt that's why there are way more debtors than creditors.  In this case the banks will have their outs and the debts fall onto the shoulders of someone productive.  That should be easy to understand.

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Hello Somalia.

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Batty Koda said:

By the way Syriza have lost the elections so the Greeks will have to put up with the misery being imposed upon them

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Sorry, but the Greeks were the ones who elected a government that handled it's finances horribly, and it's quite interesting that you act like it's being "imposed upon them", considering that they just elected a party specifically with the awareness that the elected party would adhere to the bailout program.

The interesting thing in all of this is that you blame the banks for the problems there, instead of the government. Apparently you think the banks have some kind of mystical power to make people get involved with bad investments? I think one would have to be living underneath a rock to miss the fact that the whole problem results from highly irresponsible public spending, not to mention a lot of people who didn't feel like paying taxes.

Batty Koda said:

Keep issuing these tranches periodically, every six months maybe, until unemployment is down to 1%. It really is that easy.

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Oh, you bet, it really is that easy, to, you know, hand out trillions and trillions of dollars to productive businesses across a continent. Because it's so easy to determine what constitutes a productive business, and it's so easy to so directly intervene in the economy and know that you aren't simply creating some kind of hyper-inflated bubble by modifying the economy to such a degree, potentially just making things much worse.
If only it weren't for those all-powerful bankers, we could just snap our fingers and have 1% unemployment across an entire continent!

zappaisgod said:

There is no such thing as predatory lending.

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Shins said:

zappaisgod said:

There is no such thing as predatory lending.

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Thats a very simplistic view.

what about when liberals borrow huge national debts and dumps it on you with high taxes?


what about when loans have interest attached that is physically impossible to pay on the macro scale, creating a deflationary vortex that holds the entire economy hostage unless we take out more and more, larger and larger loans?


youre saying that ponzi schemes are okay, and the ones who unwittimgly joined or were born into it are to blame, not the ones who initiated the fraud.

no one ever asked me if i wanted to join this pyramid scheme of a monetary system anyway, and youre saying its my fault?


no, the banks knew exactly what they were doing, they knew the federal reserve was a ponzi scheme, and they knew they could hold congress hostage with threat of cascading deflation.


its not just as simple as "durr dont take out loans you cant pay"

its a ponzi game of musical chairs.

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Shins said:

zappaisgod said:

There is no such thing as predatory lending.

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Thats a very simplistic view.

what about when liberals borrow huge national debts and dumps it on you with high taxes?

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