Greek letter to Mike Shedlock: "No Dreams and Nothing to Lose" Nothing to Lose writes ... I don't give a **** for politicians, I just care about my country. I am a 30 year unemployed person with a bank account that has less than $10,000 left. What do I have to lose? I don't have dreams for my life anymore. And I haven't even begun to live. For 5 years we suffered, and we are no better off. Before the IMF came, Greek debt was around 118% of GDP. After two bailouts, debt is now close to 175% of GDP. Is that progress? The official unemployment rate is close to 30%, imagine how much the unofficial might really be. More than 10,000 have committed suicide. That's about 1/1000th of the population. They just don't let us breathe. This picture Sums Up the Bailout Success. Finance minister (Mr. Varoufakis) said today that an IMF report showed the debt was unsustainable from the start and that financials wouldn't get better even by 2030. I don't know if the changes your friend proposes will be done. At least Tsipras is young and unlike of most of the politicians that are deeply corrupted and bribed. Some politicians that have been in the government for the last 40 years have accumulated wealth of more than 2 billion US dollars and have more than 50 houses. The media propaganda to vote 'Yes' last week was disgusting and more than obvious. Politicians that were hiding in their caves for more than 5 years came out to talk people into voting 'Yes'. Even politicians from other countries encouraged us to vote for 'Yes'. How would you feel if our politicians encouraged the US citizens to vote for a specific US president? I expect Tsipras' government to fall because most ensconced EU blackmailers simply don't want him. Perhaps they just to get rid of him once and for all. If they back down and Greece wins something out of the situation, Spain and Portugal could be next. No road is easy, but I prefer to be free and poor than some banker's or a German politician's economic bitch slave. I want all of them to get the f*** out of my country and let me be. I also want all the corrupt politicians in jail. Do I ask too much?
This is the perfect example why northern Europeans call Greeks savages. Please tell me which single cent any creditor has taken from a hard working entrepreneur or employee who worked a necessary and meaningful job. Not one cent was taken. Money was taken from entitled fuxxs with employment in obsolete jobs that were removed and retirees that received more pensions (paid for my German money) than anyone else in Europe while working at most 2/3 the amount of years everyone else worked. Greece was already bankrupt before you have heard the term austerity for the first time. It was built on an economically untenable model of overemployment and entitlement.
Parasite or savage perfectly describes such mindset. It's the fault of others is the ongoing mantra in Greece. That's why they are fuxxed and will be fuxxed. I am sure they would not even be able to get tourism right with a drachma that buys 1/10 of current purchasing power.
"It's the fault of others" : I kind of remember that greek crisis was known well before it hits the newspapers from one of the Bird's reports on greek "oligarch" jeopardizing greek bank health. It is taking time, but some people are now getting to the core reason Greece is in such a trouble : corruption. http://www.reuters.com/article/2015...eece-corruption-insight-idUSKBN0LL13M20150217
Alexis Tsipras is a Good Man and a Boss. Countries and Governments play a game called 'LIFE' by printing money. Yes its all a big Game your life is. In the Grand scheme of things we all play games to win, When someone is winning/some one is at the loosing end. when one country is winning, there are countries loosing. but how can you define what is right or wrong. when Governments have the Sole power of printing money from thin air? just write it in the account books and send it to print. how is this right? when U.S/Japan can print money to sustain, create pretentious new products, use peoples impulse and consciousness, call it innovation and compete? why is it wrong for Greece to ask their central bank ECB to give more? Now you see that the whole 'monetary' system is a cluster fuck, false, imperfect system which will always run out of money because they are some people who will game the system and win it all times, yes people who are rich/smart/businessmen/politicians. I am not pointing out one country in fact all the countries will loose when this is how the system is run. Right now these is no alternative but to keep this system running and let people live for greater good Humanity or else face the music, crash this system and watch the world go into chaos. End of the day look at it like this, if someone has failed in life, he is not a looser, he just did not understand a system which can be gamed.
When you look at politicians accounts and income in those central European countries that run a solid economic and fiscal policy then you can hardly speak of rich politicians. Merkels income pales in comparison to even midlevel consultants. So does the income of most everyone in Brussels. You need to stop believing lies made up by disgruntled human beings on this website who look to blame everyone but themselves. Start to look at facts. Brussels publicises the income of its beaurocrats. Look at facts not fiction. Just because people like Tsingtao on this forum are by own admission poor guys who failed in trading and any of their careers does not mean every politician is overpaid or evil by definition.