Greek Crisis Will Grip Whole Western World

[variemaiaperiorista]

watch "the zeitgeist" and "apology of an economic hitman" if you haven't done it yet. it will help you understand a lot about the "crisis"

[1falconeye2]

I am a public school teacher and boy there is an all out assault on teachers now! While some states pay ridiculously high salaries to teachers where the cost of living is not high, most do not! Teachers are now being blamed for student failures, when in fact the curriculum has been "dumbed down". I have seen this in my 20 years of teaching.Moral values in society have also declined. Children and parents are NOT accountable, just the teachers! It's all about control!

[badsign1980]

the firs question she asked was(without knowing what it meant why so much?

[cmorganis]

this is not a Greek or US problem.... This is what happens when Government's allow the existance of 'derivatives' the most DANGEROUS financial instrument (weapon) ever created! It is being used to ROB countries around the world and transfer funds to Corporations. Basically we are viewing the death of Nation States and the creation of Corporate Feudal Lords. Welcome to the United Corporations of America else UCA or maybe UCW United Corporations of the World...

[mkariman]

greece is one of the most visited countries in the world their tourism is their income but maybe they wouldnt of gone into this situation if they havent purchased all those guns and increased their army personel and started training soldiers in the greek islands which they are not allowed. also maybe not 100 percent proven but known is that greece government has been helping the pkk terrorist organisation in north iraq with supplies to attack turkey and huge amounts of money to kurdish leaders!

[variemaiaperiorista]

@mkariman yes it's a fact that greece spends a lot of money of money in the army but we have no other choice because turkey does it too. but where did you hear that the greek government helped terrorists? i don't think this has ever happened. actually, a couple of years ago we arrested Abdullah Öcalan (kurdish leader) who asked for asylum, but we gave him to you.

[SajukkTheEternal]

The greek Public debt is $405.7 billion (113% of GDP) high, according to wikipedia. These 405,7 billion dollars, in bonds, are owned by many private and state banks, mainly in Europe and USA. If the country defaults, those bonds will be of little more value than toilet paper. Let's see how the world capitalism reacts to having 405 billions turning into smoke... can't wait to see that. Bastard bankers, you will pay dearly for what you did to this country

[SajukkTheEternal]

There's no getting away from the greek crisis. It WILL come to you, wherever in the world you are. Time for the capitalist world to pay for what it created

[fal2grace]

@SajukkTheEternal I think it's the main domino in the chain... when it goes... the rest follow.

[nekrothaftis88]

The biggest mistake we made in Greek. we did is that you people had to let you live in caves and trees

[100crawma]

nato should invade greece and burn it to the ground give whats left to the proud turkish people

[StellandBlood]

@100crawma

HAHAHAHA so naive.

No one in the west can touch Greece in that brutal way,that would be the start of a ultra violent revolution in Europe against capitalism itself,that would spread to the whole world.

Nato should invade Israel,the whole world would applaud Nato for it.

[CruelSkies]

And pay we will; as long as we can be convinced that we are all equally free and able to achieve. It seems the chains need to be physically slapped on and bound, before we are able to recognise the truth of the lives we have been allocated. In all slavery there are a lucky few who find an escape, but for the majority born into slavery, in slavery they will remain, unless there is a system change. And no system ever set its slaves free until it was forced?

[fal2grace]

@CruelSkies very true and very eloquent...thank you.

[CruelSkies]

There was hardly a whisper in any country when previously staunchly capitalist governments turned communist in order to bail out the financial institution, before abruptly returning to the loving embrace of capitalism so that we all could pay.

[christbone]

i love it how greece created the civilised world and has the capability to destroy it.

[fal2grace]

@christbone it is ironic..thanks

[redline601]

Greece got downgraded today and the London stock exchange got £40 billion wiped off in one day as a result!

So yes it has serious ramifications globally..next is Spain

[fal2grace]

@redline601 spain just got downgraded..so that makes greece, portugal and spain...not good. thank you.

[redline601]

@fal2grace Yeah right

Next lined up are Ireland,New Zealand and Japan

contagean effect i m afraid stock up on the coolaid

[fal2grace]

@redline601 yep I think Italy's up to bat...

[PastorGeezuss]

I thought the Turks would be the downfall of the EU once admitted. However it turns out its the Greeks...

[IACTHU]

"This,interestingly enough,is an internal western issue.Those in the UK or US that hail the collapse of euro and EU in general-as an autonomous entity-fail to see that this in turn weakens the west by undermining one of its pillars."

[1929spectre]

portugal has had it's credit rating dropped ,spain,italy,etc etc etc will follow ,so germany you ain't just got a find money to bail out greece you got to bail em all out,and when you are bankrupt who will sorry for you ? figure it our for yourself ?

[fal2grace]

@1929spectre it's like dominoes...

[bearhamo]

Why we do not have a buy American provision in our stimulus (like EVERY other country did) is unbelievable. We are borrowing money to give to foreign nations and corporations. We are idiots and have chosen our fate due to influence of foreign persons...I mean corporations.

[bweazel]

The one thing that always bothers me when people use social security and medicare to back up their arguments, is these people obviously do not believe will we continue to have steady growth in the job markets. The only reason FICA would ever become a problem, or be unfunded is if we didn't have money coming in to offset the liabilites, which we do, I just don't see why they believe 2 workers can't take care of one. Unless of course they invested FICA taxes, to try to make a buck

Thanks, Deb.

[fal2grace]

hey bweazel. thanks

[justjacqueline2004]

Ouch!

[mcgrawtim123]

I read in today's paper that Goldman Sachs only paid .6% of its income in corporate taxes last year. Well, it is part of the government. It runs it. Why should it pay any taxes at all?

Cut govt. spending by 10% across the board or watch out.

[AgrippasNotebook3336]

Yup, we're all fucked. lol

[EndTheFedRes]

now my question is...

How do you explain this to the American Idol audience?

[fal2grace]

lol that could be difficult:)

[aggelospanatha]

Loooooool how do you explain this to the Greek Idol audience also which starts next week here :P

Greetings from Greece

[chena3]

bunch of coco puff eaters

[fal2grace]

what is it with you and the coco puffs this week? lol

[1mealperday]

his last comment had me sayen...oh o!

[HorseofPaulRevere]

bump

[joe80dman]

Oh! So, Bloomberg claims that it's Social Security, and Medicare that will have to be "scaled back", but not one mention of our program for Endless Wars, and 800 military bases around the world. Besides, it was Goldman Sachs (who else), that conned the Greeks into their current demise.

[EllinonEnosis]

@joe80dman

I wonder what have your troops have to say about these. Or are they beyond saving ? (brainwashed). Greek debt isnt the highest...there is just the strategical place of Greece that led to this...they want to control Greece so they will control the balkans,mediterrania,europe, asia.

[joe80dman]

@EllinonEnosis : American troops are probably confused. They've been horribly brainwashed within the American public school system, and wouldn't know up from down. Suicide rates within the service are at all time highs today.

The Greek financial mess was created from start to finish for a desired result. International bankers have wrought havoc upon the planet for far too long now. This probably has something to do with the issuance of a global currency. A catastrophe is needed to initiate it.

[pure2warrior]

Jew Goldman Sacs thru the Fed Reserve Rothshcild central criminal bank loans our money off the books to Greeks. Sounds normal.

[justaoldslave]

sport42, I think your wrong. The average U.S. citizen loves be treated this way. Jobs shipped out of the country so they can compete with the lowest wages on earth. Watching the political and corporate elite becoming pervertedly rich. There rights eroding. Government acting only to centralize wealth. Ever increasing taxes. Most people want more of this treatment!

[ytgv3fc7]

@justaoldslave : why are we counting to three? How about 1 and a half? NOW WE'RE SLAVIN!

- Bender, Futurama

[sport142]

Good vid. When will American's wake up? After the bombs are droppong over Hawaii? It will be too late at that point for an easy resolution...it will then become a long, drawnout war to save this country.

[UncoverTruth]

Thanks for posting fal2grace-

Appreciate your updates and keeping the truth coming...

[fal2grace]

thanks for watching.

[bertly71]

They will just print more and devalue what is out there. This current leadership in America is tone deaf to all indicators about the peril of more debt. It's like they don't care.

[iknownothingnow]

Any default increases the bond rates for other countries & states. What happens with the PIGS affects all. And although asked, the Fed has NOT responded if they have loaned (your) money to Greece. They are not required to tell congress.

Watch what happens soon. Minor (for show) reductions in gov spending. Tax increases to keep the system going.

Watch. Leaders of both parties on TV convincing you that the patriotic thing to do is to pay more. Watch as people swallow the lie.

[sport142]

@iknownothingnow I don't think the dumb-masses are going to cough up the money this time. The people, no matter how economically illiterate, have seen their standard of living falling for a while. I don't think the Feds will be able to sell higher taxes as patriotic any more than they have Medical Care Reform. People are tired of getting taxed more and more, and watching Washington's elite get richer and richer. I say they don't buy it.

[iknownothingnow]

@sport142, for all our sakes, I hope you are right!

I am skeptical because:

• People today pay Fed income tax yet there is NO law for this! It is paid because of fear. Most people will continue to pay because of fear

•Pres Fed Reserve KC, states there are only three options for us

He goes one to say, "Fiscal policy is on an unsustainable course. The U.S. government must make adjustments in its spending and tax programs."

watch?v=-Wvnc6t2LsY

watch?v=klMUNJJa_jk&

[hatch381]

It's good to have money and the things that money can buy, but it's good, too, to check up once in a while and make sure that you haven't lost the things that money can't buy.

(George Horace Lorimer)

Thanks for posting Deb.

[fal2grace]

love the quote hatch.

[qminusis]

Save haven assets like the dollar ?

LOL

[fal2grace]

safe haven like pearl harbor was safe...yep that was pretty good.

[navtel]

as george carlin said, ' and nobody seems to notice, nobody seems to care.' well soon more people will notice and congress better care.. vote the incumbence out.. don't be fooled again by their rhetoric.. liars, they are all liars. except ron paul.

[fal2grace]

i miss george carlin's genius.

[centervilletn]

why cant all the old people do the patrotic thing and just die?...JUST JOKING...but seriously who realy believes the US will cut entitlements?....

[fal2grace]

i don't think they'll cut it but don't know how they'll have the money....other than the obvious option... they'll just print the money out of thin air.

[centervilletn]

@fal2grace they will tax us to the point of revolt....they will "airframe shock" the system...tax till we buck up and then back off..of course they will hide as much of the taxes as possible...i expect things like federal taxes on utilities...they are going to start really squeezing us turnips.

[fal2grace]

and they'll try to "spin" it...saying the increased taxes are our patriotic duty...nobody could have seen this economic disaster coming... so we all need to chip in, yadda yadda...

[UncoverTruth]

Ken - completely agree. Have felt this is coming for awhile - and we'll be dinged every direction we turn - coming and going - until we are completely squeezed. It started slowly - and will ramp up...

[justaoldslave]

Thanks Deb, First, I question the U.S.s G.D.P. #s . Second, I can tell you how far removed this problem is from me. I live in Pennsylvania and the state of Pa. was 100 days late ratifying the states budget last year??? Third, Nobody mentioned the fact that until the exported jobs are returned to the U.S. its still a sinking ship! We haven't yet admitted publicly the root of our problems!

[fal2grace]

yep, and NC has told residents that tax refunds will be late... of course we have to PAY our taxes on time.

[iknownothingnow]

Justaoldslave good comment

Feb 10. Bloomberg. Pennsylvania talks about filing Chapter 9.

"Public officials shouldnt think about filing for Chapter 9 municipal bankruptcy to solve mounting labor costs and pension liabilities. Even talking about this action will invite an inquiry from Fitch Ratings, the company said"

Also watch CNBC Jan 26 Paul Kanjorski

And an amazing interview on CSPAN withKanjorski

watch?v=pD8viQ_DhS4

But the question not asked. WHO withdrew the money?

[superfuzz]

spain could be first

[fal2grace]

yes they're in bad shape

[NowisEvollovetion]

And which country has underwritten a large proportion of the Greek debt?

little Britain.

We a DOUBLE SCREWED.

[fal2grace]

Britan's in the same boat.

[NowisEvollovetion]

That boat being of course THE TITANNIC.

[fal2grace]

unfortunately yes:)

[skybirdbird]

yep......we're STILL screwed.....we WERE screwed.....we ARE screwed .....WE ARE SCREWED.....prepare folks........

[fal2grace]

yep...

[x11115]

Greece and Iceland are on the verge of bankruptcy.

[fal2grace]

yep, it's pretty shaky.