Austerity is just class war-Noam Chomsky

Brown_Pride

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And lendees need to stop bytching when its time to collect
There's a reason bankruptcy is a thing. And there's a reason no investment is 100%. A loan is an investment. If you loaned money and the entity goes out of business then you're S.O.L .

But yeah Greece can't be expecting to come out of this in the next year or two and just borrow and borrow. Really though unless someone wants to go in and start taking shy there's not much anyone can do to force a country to do something. Austerity literally has now been shown to be counter productive (yet again).

Imagine someone is hanging over an edge and they need you to throw them a rope, you throw them a rope, but then tell them only if they do not use their hands. WTF do you think is going to happen? They're going to fall taking your rope with them.
 

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There's a reason bankruptcy is a thing. And there's a reason no investment is 100%. A loan is an investment. If you loaned money and the entity goes out of business then you're S.O.L .

But yeah Greece can't be expecting to come out of this in the next year or two and just borrow and borrow. Really though unless someone wants to go in and start taking shy there's not much anyone can do to force a country to do something. Austerity literally has now been shown to be counter productive (yet again).

Imagine someone is hanging over an edge and they need you to throw them a rope, you throw them a rope, but then tell them only if they do not use their hands. WTF do you think is going to happen? They're going to fall taking your rope with them.
If Greece wants to experiment, I want to give them room to operate.

Let them figure this shyt out on their own all for the world to see.
 

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http://news.yahoo.com/latin-america-celebrates-greek-austerity-no-vote-095822566.html

Latin America celebrates Greek austerity 'No' vote

12 hours ago

Buenos Aires (AFP) - A handful of countries across Latin America congratulated Greece on its Sunday referendum in which voters rejected creditors' austerity demands.

More than 60 percent of Greek voters said a resounding "No" to further austerity measures in return for bailout funds in a Sunday referendum that could see the country crash out of the eurozone.

Argentine President Cristina Kirchner, whose country defaulted on a mountain of debt more than a decade ago, called the vote a victory.

"Greece: decisive victory for democracy and dignity," she wrote on Facebook Sunday, expressing Argentina's "solidarity with the brave Greek people and their government."

"We hope Europe and its leaders understand the message from the vote. You cannot require anyone to sign their own death certificate," she said.

Argentina defaulted on $100 billion in debt in 2001, and in recent years has fought bitterly in the courts with investors who bought up some of that debt at fire-sale prices.

Meanwhile, Evo Morales, Bolivia's leftist president, congratulated Greece on Sunday, calling the referendum a defeat against "European imperialism."

Morales, a harsh critic of free-market economies, said the referendum was "the beginning of the liberation of the European people."

"I congratulate the great Greek people for the triumph of their 'no vote' over debt, which is a defeat inflicted on European imperialism," he was quoted as saying by state-run news agency ABI.

Cuban President Raul Castro echoed the other leaders, congratulating Greek Prime Minister Alexis Tsipras Monday in Granma, the official state newspaper.

"I extend sincere congratulation for the 'No' victory in the Greek referendum," he said.

"That result shows the Greek people's majority support for the brave government policy over which you preside," he told Tsipras.
More delusional assclowns :mjlol:
 

Brown_Pride

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If Greece wants to experiment, I want to give them room to operate.

Let them figure this shyt out on their own all for the world to see.
I mean really at this point what have they got to lose? MOney? Too late. Jobs? Too late. Credibility? Too late.

What were their alternatives? Take out more loans that they weren't going to be able to pay back AND at the same time fuk their economy even more than it already was?

They basically got into a payday loan scam except instead of being able to take the loan money and pay the electric bill or better yet buy a buss pass to go look for work they started taking loans to pay for other payday loans.
dig-up-stupid.png
 

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I mean really at this point what have they got to lose? MOney? Too late. Jobs? Too late. Credibility? Too late.

What were their alternatives? Take out more loans that they weren't going to be able to pay back AND at the same time fuk their economy even more than it already was?

They basically got into a payday loan scam except instead of being able to take the loan money and pay the electric bill or better yet buy a buss pass to go look for work they started taking loans to pay for other payday loans.
dig-up-stupid.png
No, you're still playing the blame game here.

They didn't get sucked into a payday scam

They got their money and blew it on clothes and gadgets...not on necessities.
 

Brown_Pride

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No, you're still playing the blame game here.

They didn't get sucked into a payday scam

They got their money and blew it on clothes and gadgets...not on necessities.
Yes and no.

Either way if you lend money to someone you know can't pay it back IMHO you shouldn't get all salty when they can't...pay it back. You fuked up as an investor.
 

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Yes and no.

Either way if you lend money to someone you know can't pay it back IMHO you shouldn't get all salty when they can't...pay it back. You fuked up as an investor.
We're talking about governments right now. Remember.

Greece was reckless and threw all caution to the wind. They didn't invest in their people and want more help.
 

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It seems fukkboy (#realgeopolitik) doesn't have the faintest idea how economic growth occurs. And then he rails on against the entirety of economics because he cant understand it :mjlol:
 
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