Wrong yet again. I didn't praise Varoufakis. I said I liked Tsipras's letter, but again stressed that "what cannot be paid back, won't." And 90 of those 100 pages are you foaming at the mouth and spraying spittle all over the place in a rambling rage.
Lol, I love your linguistic artistry. But none of that changes the fact how you defended the bullshit and lies by Tsipras' government and your admiration and silent approval of the almost pathological arrogance displayed by Varoufakis. I made clear from the very beginning my stance that I believe V is hopelessly overrated and outright stupid in the way he negotiated from day one. He is not even an expert on game theory as many of your articles claimed. He is just a third class lecturer and nothing else , not even a researcher.
This is the extend of my "defense": Right in the very first sentence of the thread. Apart from that, please show me where I defended Tsipras or Varoufakis apart from saying "they recognize the debt cannot be repaid, and it can't". You keep throwing all these accusations my way, but are unable to prove any of them. Just sayin'. As for articles - I post articles from all sides. I don't write them. It's to create conversation on the topic. For you, all it does is get you shouting and screaming (which I admit, is an extra bonus).
Who says it can't? You? So Irish debt could not be repaid, Spanish not? American debt will not be repaid? Dude, nobody in their right mind expects a full debt repayment, but stating from the beginning that none of the debt can be repaid (as you have uncountably many times stated) is lacking any facts nor evidence. You sit on your dumb ass all day and hit the "none of the debt can be repaid" drum, sure, with such attitude, how would you possibly come up with potentially innovative ideas...ideas that actually get either side somewhere. That is what I dislike about you Tsingtao, you copy/paste all day, you shoot others down, but hardly ever have you added value with original ideas. I do not remember a single post in over 100 pages where you came up with an idea that would get both sides of the argument to reasonably agree and an idea that actually gets people somewhere. Those above are not accusations those are facts. And you know it. You are just too arrogant a prick to ever admit it. (is this yelling for your poor ears? Then I sincerely apologize and lower my tone; its just you turn out to be a total bore, repeating the same BS over and over like a retard). And for further fact finding purposes: You never posted articles from all sides: You post flaming article that accuse Germany of long-time ago atoned war crimes, unpaid debt and other BS. You post German and EU hating Jewish content, you posted the Greek outcry of how Germany dares to not swallow up all the debt, you posted uncountably many articles that are all against the very idea of a European Union. Have you ever posted a German defense to the preposterous Greek accusations? None. Have you ever posted articles that reflected the Baltic and East European thought and how they strongly dislike the arrogant Greek mindset and demanding attitude? None. Have you ever posted an article that argues against Soros' Jewish Nieder-Mit-Deutschland demands? None. You posted all sides? Please do not make me laugh.
Please show me one single post where I said none of the debt could be repaid. This will be the fourth time you've been asked for something and won't be able to produce it, but let's see if you can find something. "What cannot be repaid, won't." That's what I keep saying. I looked long and hard, but can't see the "none" in there at all. Maybe it's invisible? I don't shoot everyone down. You need to stop confusing me with your tactics. Once again, you're paint an awesome self-portrait here! I post all sides. Just because you don't like the articles, doesn't make them worthless. Your view, mein König, is not the only one for the rest of us.
Then there is Spain, Italy, Ireland, PR, Illinois, and so on. Folks, there is nothing to brace for. A gambler doesn't "brace" for huge losses. He knows the odds are not in his favor. Why gamble against what the underlying fundamentals are unless you have a lot of risk money to try and time things and see how long the can is kicked down the road.
It has nothing to do with my thinking. It has to do with reality and fact. And the difference is no minor detail. It's a major difference. This is why we haven't experienced any inflation caused by QE. Had the Treasury been printing that much, inflation would have been very significant. (In the U.S., only the Treasury can print, The Fed, by law, can not.) Many people naively referred to QE as "printing", even economists! So naturally, people were expecting inflation to result, and also naturally enough, the dollar was sold in anticipation of the inflation that never materialized... Incidently, Thomas Piketty's book "Capital in the 21st Century", is quite good. I have been reading it. It is mostly a rehash of what is already known, but it summarizes and brings us forward into the Twenty First Century. There is a wonderful discussion of public debt in there that all traders and money managers should read. It's been translated into many languages by now. If you read Piketty, you'll have a good comprehension of QE.