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#61 |
Gentleman
Join Date: Dec 2010
Posts: 6,780
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I'm playing Tetris, come at me bro! |
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#62 | |
New Buddha
Join Date: Dec 2007
Location: One with the Universe
Posts: 6,133
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The American population is actually coming out in large against the current spending policies of politicians. People who despise our country had taken the reigns, and it is showing. When you want a country destroyed for what it was, of course your policies will reflect that.
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Unity - Playing Conquer on Peace mode. You know me as Fletch, the Pro Lvl 3 Touchpad FBer from Unity. My fastblade is red for Danger |
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#63 | |||
Soon™
Join Date: Apr 2007
Location: Germany
Posts: 10,127
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Greece was running at a average of -5.9% before 2009. Im pretty sure that this was the highest deficit of all euro countries until then. Every other countries had way less debts before the crysis, even the critical countries like ireland or now spain. We had -1.9% average deficits before the crysis btw. Therefore i wonder why you claim the fact still remains that greece didnt do any extraordinary, although the numbers clearly show that they had a way higher deficits than any other euro country before the crysis?
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Last edited by Deathclaw; 06-10-2012 at 21:21. |
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#64 |
noble ftw
Join Date: Mar 2005
Posts: 7,920
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Thanks Wayne.
Buddha it is hard to believe your fairy tale argument even with the powerful rhetoric that you use. It can be nullified by saying the name - Abraham Lincoln. |
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#65 | |
noble ftw
Join Date: Mar 2005
Posts: 7,920
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#66 | |||
Soon™
Join Date: Apr 2007
Location: Germany
Posts: 10,127
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Greecy simply had the highest average deficit. Even hungary that lived way above their means had less than greece (-5.1%). This means that greece had a 15% higher deficit than any other euro country before the crisis. The average deficit of the eurozone was -1.9% before the crysis. So greece had an 210% higher deficit than the average euro country. And you still dare to say that they didnt do anything extraordinary? LOL.
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#67 |
noble ftw
Join Date: Mar 2005
Posts: 7,920
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We're getting bogged down in semantics. To understand my definition of being extraordinary, look at that graph. Azerbaidjan (which I relate to Gurcia in this talk) is not extraordinary, it is just the extreme of the trend. Kitai on the other hand is an outlier and as such it is extraordinary.
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#68 | |||
Soon™
Join Date: Apr 2007
Location: Germany
Posts: 10,127
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You could also call it impossible. The penalty alone would drive them out of the euro. The EU would force them to pay the max penalty of 0.5% of the gdp every year, which would be around 1 Billion € every year. Beside that that would be around 40-60 Billion € debts every year. This means that they increase their debts by about 13-20% every year. Im pretty sure that the head of the state would be dead before the end of the week if a government ever decides to do that, therefore not gonna happen. Extraordinary is an extreme but realistic value in my book...
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#69 |
noble ftw
Join Date: Mar 2005
Posts: 7,920
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Well yeah, Greece they are already bankrupt as they will not pay the full principal + interest on their debt. I think I've said my position before and it is that the Eurozone is trying to make the bankruptcy as smooth process as possible so that the Eurozone itself will not suffer the same fate. It's bad for the kids and young adults of Greece though because they are not responsible for this whole crisis but their lives are affected the most.. just like Spain's.
You know that curse- may you live in interesting times. Also good morning, lol. |
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#70 | |
Spamomod
Join Date: May 2008
Location: San Francisco
Posts: 8,190
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No the people that have the reigns do not hate our country, they may things differently than you but they still love America. I am slightly democratic and will probably vote for Obama (not entirely sure yet) does this mean I hate the USA? |
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#71 |
noble ftw
Join Date: Mar 2005
Posts: 7,920
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Another Greek panic as people withdraw about a billion Euro a day these days.
http://uk.reuters.com/article/2012/06/13/uk-greece-banks-idUKBRE85C0HT20120613 |
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#72 |
Registered User
Join Date: Oct 2009
Location: Argleton, England
Posts: 3,926
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Have been too busy at work to monitor this thread but hope to have some time on the weekend to respond properly. Tend to agree more with the Deathclaw on this one, also I'm not sure you should consider Summer 08 as being pre-crises. It may well pre-date the Euro-zone crises as we know it now, but it certainly doesn't pre-date Lehman.
Google Goldman's involvement in the Greek deficit cover-up, it's awesome. (Basically massive synthetic derivative to remove debt from government balance sheet).
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Retired on Storm server. |
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#73 | |
Désolé
Join Date: Jan 2011
Location: Dreamland
Posts: 4,924
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A man with pleasure does not mind his chains
His desires fulfilled, he walks gladly through Hell. Am I so different from you? |
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#74 | ||
New Buddha
Join Date: Dec 2007
Location: One with the Universe
Posts: 6,133
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Proposing and passing unconstitutional laws that the people reject in mass, suing states over political differences of opinion, trying to completely destroy the economy in the Gulf through government imposed shutdowns despite court orders to stop, and I don't even have to bring the debt issues into this argument. You have every right as an American to vote or not vote for whoever you choose, and I won't hate you over it. My roommate voted for Obama in 2008, and we've never had a cross word between us. I live my life the way I believe, and allow others the courtesy to do the same. The problem is, there are people in government who believe it is their job to tell me how to live my life. One last random point before I disappear for a while again... Benjamin Franklin said that when the people realize they can vote themselves the government coffers, this will herald the end of democracy. Obama has almost tipped the scales to a majority of voters receiving from the government, rather than giving.
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Unity - Playing Conquer on Peace mode. You know me as Fletch, the Pro Lvl 3 Touchpad FBer from Unity. My fastblade is red for Danger |
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#75 | |
noble ftw
Join Date: Mar 2005
Posts: 7,920
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