Greek Debt, the euro and You

manoftruth finally weighs in on the Greek debt problem

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[Mycochef]

Dear MOT,

Do you believe me now that the recession is over. Greece is fine, the US and Germany and China will not let them fall. Same for Spain, Portugal and Ireland and even Italy. We are on the road to tremendous global economic growth led by China's entry into the 21st century. Come on over to the "Otherside" and join the "we're in a global recovery movement". Abandon the "dark side" of doom and gloom and world economic collapse. Avoid further hurt thru pessimism. Be good and be rewarded.

[manoftruth]

I cannot embrace falsehoods.

[jarden69]

where is MOT?

Has he stopped making video's?

Come Back MOT!

[manoftruth]

Hi Jarden. So much to think about. So few people that are prepared for truth. So much deception. Truth mixed with lies. Discernment is the most important gift.

[MrEpiclylaterd]

My father & I are always saying the financial problem is no different than a problem an ER surgeon would face. Massive amount of money/blood are pouring out & if you don't stop it the games over. That's why, in my opinion, Washington needs to bring troops home b/c it costs too much money to take care of them, feed them,gas up aircraft's & replace equipment.

I don't know if you recommended the "Omnivores Dilemma" but that and my "SAS Survival Handbook" have been bedside books lately. **** books

[manoftruth]

Good job, I am getting out my old books too.

[SendinK9]

C.

Hey heres a good video which shows what the French are teaching thier children. Kids pick this stuff up basically from PUBLIC sediment:

watch?v=uJhzhVXqBdk

[HandsomeStranger1963]

@MrEpiclylaterd true bu7t this is nothing compared to what we all spend on the ridiculous war on drugs.

we need to change the stratergy to save us all. I assure you all that it is winable and the cost of the war could be reduced to 2percent of our current spending on the "war" that names a joke.

[Efteling4Ever]

You should have a look at e.g. Europe's Promise (written by an American btw) that reveils a number of American stereotypes concerning Europe's economy for what they are: nonsense.

[Efteling4Ever]

@nicodurancomes This is typical wishful thinking. The European "sclerotic" economy" is a well known myth.

1) As a matter of fact the EU has a LOWER unemployment percentage than the US and creates as many jobs.

2) devalued. They started with a weak Euro (below 1 USD) that got extreemly strong (ca. 1,60 USD, got weaker but well above the USD during the crisis (1,22 USD) and has now become stronger again (ca 1.36 USD). That is not devaluation. Those are currency FLUCTUATIONS.

[Efteling4Ever]

5) Finally, Winting the EU and the Eurozone Greece"s economy has the size of a post stamp. Is the US utterly and totally bankrupt just because a single state like Californnia is bankrupt or is it because its own capitalism sucks just as hard or even more than that of their European allies across the big pond?

[Efteling4Ever]

4) The EU, with all these "socialist" countries, is the world's first economy. Not the US. It has achieved this while spending huge sums of money in to their socialist systems. Now, this very same EU has less national deficit than the US and the latter doesn't even have "socialism"...... Just says it all. So far for "failing socialism". Further it has the advantage it can at least cut back on "socialism" if necessary.

[Efteling4Ever]

3) North Western Europe is the world's economic motor. The EU is the world's first economy with more Fortune 500 companies than the US and China COMBINED and has a higher percentage of small businesses than the US. Now, this kick-ass economy is mainly held up by these Northern "SOCIALIST" countries. These "socialist" countries are the most competitive economies in the world AND bail out a couple of countries. So far for failing "socialism". Apparently, people that can handle budgets do well.

[Efteling4Ever]

2) Same goes for other "socialist" (that is capitalist) countries like Ireland and Spain. Spain has a real estate and banking issue. Ireland as well has a real estate and banking issue. To put it simple, NOT a "socialist" issue but exactly the same "American capitalism" that led to chaos in the US put Spain and Ireland into difficulties.

[Efteling4Ever]

Another American yammering about "socialism" as it it ere some failing system...?

1) Greece's problem has f**kall to do with"socialism". There'is no truely socialist country in Europe. It's about balancing a capitalist budget: don"t spend more then your tax revenue brings in. Some countries do this well, others don't. Greece has borrowed huge sums of money and hasn't been collecting taxe properly for ages. That's not "socialism". That is utter mismanagement within a capitalist system.

[TylerHinds]

Do you think the U.S. could be heading towards a North American Union? I am not a conspiracy theorist or anything, but I see NAFTA, I see the almost forced collapse of the dollar and the refusal to secure the border. It makes me wonder and I wanted to hear your thoughts. Doesn't the collapse of Greece and the risk of a collapsed EU show the dangers of excessive globalism?