Greece election

[rkaiser]

So - QE did not work in the USA and drove the public debt through the roof....

QE will not work in the EU either and will have the same public debt effect....

- Austerity in Greece did not force them to step it up and show some value like a kid getting a spanking for not doing his chores... And it drove public debt higher at the same time.

HMMM public debt. What the heck... seems to be a common denominator here.

How is this public debt created? By selling government bonds to private organisations like the federal reserve and the bank of international settlements and other central banks.

Seems to me that this ease of printing money out of thin ****ing air has made it so easy that it has created more social welfare, less and less middle class and a very rich few. No matter what country uses this ridiculous ponzie scheme system.

Is it time to back money with something?

Is it time to revisit public national banking like we had in Canada prior to 1974? Our "public debt" has been growing since that day as well.

There are those who have discovered a way out of this bullshit and it is on its way.

Then we can get back on the middle track with a contribution based civilisation and away from the capitalist greed freaks and the lazy assed socialist agenda.

An agenda that it seems the governments in the west are leaning toward to gain greater control over their own people.

Any ideas cotton - beyond doom and gloom?

[farmaholic]

I like this description; capitalist greed freaks and the lazy assed socialist agenda.....

Does anyone honestly occupy this space between the two described extremes????

[seabass]

They are screwed. Commit the crime do the time. We are all gonna suffer so why shudnt they. Lazy bastards who wanna sit around and get something for nothing then bitch when the cheque isnt in the mail.

[rkaiser]

I was certainly not calling the Greeks lazy boys. I think the other end of our scale was more of the problem. Shipping companies and mega corps in Greece, just like many other western countries that pay nothing in taxes and squeeze the **** out of employees so they have little left over to generate economic stimulus either.

Just thought of something else positive to add to this scenario besides Russia inviting Greece to join the Eurasia community... LOL

But not so funny is the FACT that Greece now has another option after they punt what I will refer to as the criminal western banking cabal. That being the BRICS Union's spankin new bank. Could be criminal too - only time will tell.

I like our Global Debt Facility chances more every day and/or a switch to Gold and treasure backed currency from gold and treasure in Asia that most of you will call me a loonie tune for even believing exists..

Lots of options to doom and gloom. Actually a day to mark on the calendar of history as the petro dollar and phoney money continue to fail.

Whoop Whoop.

[cottonpicken]

Lots of different people and entities own soverign bonds. Pension plans life insurance mutual funds ordinary people. That's why soverign defaults are so painful.

Of course money should be tied down. Best idea I've heard is a basket of goods like the top 25 commodities. Even services has been suggested.