Is Sovereign Debt Crisis Contained to Subprime?

anonymous

Former Staff
Jun 2008
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Even though this is a very serious issue and all the debts in this country will have to be repaid, the people will come to their collective senses once the crisis unfolds. As you well know, the best way to avoid becoming a debt slave is to limit your debts and save more. Our nation will survive in the long run. Be it quite different from what we have today, we as a people will eventually do what is right.
 

michaelr

Former Staff
Dec 2006
89,668
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FEMA Region 10
[quote name='anonnymous' date='08 May 2010 - 12:13 PM' timestamp='1273345985' post='148923']

Even though this is a very serious issue and all the debts in this country will have to be repaid, the people will come to their collective senses once the crisis unfolds. As you well know, the best way to avoid becoming a debt slave is to limit your debts and save more. Our nation will survive in the long run. Be it quite different from what we have today, we as a people will eventually do what is right.

[/quote]

They could say the same thing in the EU Blast Zone. They rightfully do not, they will not, and I fear a civil war is about to erupt.



I will try to be more delicate with my comments, but the message remains the same. The sovereign debt issue is one that was manufactured to deliver a solution, that solution wipes out sovereignty as sure as it will wipe out the debt issue...well for a bit, the debt issue will re-occur.
 

anonymous

Former Staff
Jun 2008
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Passing Through
Maybe..., probably but the nation of Greece will still be there once the smoke clears. Europe has had a long history of strife but the continent is still there. When it comes to issues here, take Ron Paul's lead and try and discuss them in much the same way he does. Just a thought. How he does it has gotten him many followers.
 

michaelr

Former Staff
Dec 2006
89,668
6,643
FEMA Region 10
[quote name='anonnymous' date='08 May 2010 - 02:34 PM' timestamp='1273354468' post='148948']

Maybe..., probably but the nation of Greece will still be there once the smoke clears. Europe has had a long history of strife but the continent is still there. When it comes to issues here, take Ron Paul's lead and try and discuss them in much the same way he does. Just a thought. How he does it has gotten him many followers.

[/quote]

Greece will remain, but the heritage of Greece, and their will and want for self determination will be gone. Christ sake, ask the American Indian, the country is still here.
 
Jan 2007
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[quote name='michaelr' date='08 May 2010 - 11:38 PM' timestamp='1273376328' post='149044']

Greece will remain, but the heritage of Greece, and their will and want for self determination will be gone. Christ sake, ask the American Indian, the country is still here.

[/quote]



I thought you hated the government, why are you so against efforts to wipe it out?
 

michaelr

Former Staff
Dec 2006
89,668
6,643
FEMA Region 10
[quote name='The_Bear' date='09 May 2010 - 05:58 PM' timestamp='1273453103' post='149350']

I thought you hated the government, why are you so against efforts to wipe it out?

[/quote]

While the people of Greece will work without retirement, while the austerity measures continue, as more people lose all, their government and banks will be fine. Your comment is a bit silly.



Governments do not pay the price, the people do, and are.
 
Jan 2007
945
0
[quote name='michaelr' date='09 May 2010 - 09:21 PM' timestamp='1273454467' post='149360']

While the people of Greece will work without retirement, while the austerity measures continue, as more people lose all, their government and banks will be fine. Your comment is a bit silly.



Governments do not pay the price, the people do, and are.

[/quote]



hrm.

Are the governments vassals of the banks, like a feudal knight to a king?
 

michaelr

Former Staff
Dec 2006
89,668
6,643
FEMA Region 10
[quote name='The_Bear' date='09 May 2010 - 06:26 PM' timestamp='1273454763' post='149363']

hrm.

Are the governments vassals of the banks, like a feudal knight to a king?

[/quote]

Or is it the other way around. We may never know, but their partnership is undeniable. It gets to a point to where what begets what no longer matters, the outcome will be the same. We are beyond that point.