Australian Politics Forum - Should we be bailing out the lazy Greeks ??

Ex Dame Pansi

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Re: Should we be bailing out the lazy Greeks ??
Reply #30 - Nov 8^th, 2011 at 7:16am

The story originated from headlines like this, all over the news 4 days ago when Julia was at the G20.

Coalition blasts Julia Gillard's pledge of more aid to IMF to help avert eurozone crisis

http://www.theaustralian.com.au/national-affairs/julia-gillard-has-kicked-off-a-...

Julia did say she was willing to donate to the IMF and she also asked other countries to contribute. We know that the IMF is not Greece, but we must be excused if we start to think that we are giving to the IMF so that they can give to Greece.

The money is to be used to bail out the eurozone, and who needs bailing out in the eurozone? Greece at the moment with more to follow.

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Amadd Gold Member Offline Mo Posts: 6217	Re: Should we be bailing out the lazy Greeks ?? Reply #31 - Nov 8^th, 2011 at 7:38am The Greeks should go back to the Drackie. I'm really looking forward to cheap a holiday in an economy which is built on olives, mediteranian sun and ouzo. ..Oh yeah, and they think that they are the founders of democracy too. Which is nice as an illusion I suppose
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Life_goes_on

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Re: Should we be bailing out the lazy Greeks ??
Reply #32 - Nov 8^th, 2011 at 1:51pm

Ex Dame Pansi wrote on Nov 8^th, 2011 at 7:16am:

The story originated from headlines like this, all over the news 4 days ago when Julia was at the G20.

Coalition blasts Julia Gillard's pledge of more aid to IMF to help avert eurozone crisis

http://www.theaustralian.com.au/national-affairs/julia-gillard-has-kicked-off-a-...

Julia did say she was willing to donate to the IMF and she also asked other countries to contribute. We know that the IMF is not Greece, but we must be excused if we start to think that we are giving to the IMF so that they can give to Greece.

The money is to be used to bail out the eurozone, and who needs bailing out in the eurozone? Greece at the moment with more to follow.

Australia is neither donating or just giving money to the IMF. The money is being lent with interest. Australia is always cycling money through the IMF. All that is happening is the amount is being increased. Even when Australia is in debt, there is a pool of funds that is invested so as to get a return via interest - this is no different.

What you are all doing is like saying you're giving away your money to charity when you take out a term deposit with a bank that donates money to somewhere like the Flying Doctors.

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« Last Edit: Nov 8^th, 2011 at 2:17pm by Life_goes_on »

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Bobby.

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Re: Should we be bailing out the lazy Greeks ??
Reply #33 - Nov 8^th, 2011 at 3:09pm

Life_goes_on wrote on Nov 8^th, 2011 at 1:51pm:

Ex Dame Pansi wrote on Nov 8^th, 2011 at 7:16am:

The story originated from headlines like this, all over the news 4 days ago when Julia was at the G20.

Coalition blasts Julia Gillard's pledge of more aid to IMF to help avert eurozone crisis

http://www.theaustralian.com.au/national-affairs/julia-gillard-has-kicked-off-a-...

Julia did say she was willing to donate to the IMF and she also asked other countries to contribute. We know that the IMF is not Greece, but we must be excused if we start to think that we are giving to the IMF so that they can give to Greece.

The money is to be used to bail out the eurozone, and who needs bailing out in the eurozone? Greece at the moment with more to follow.

Australia is neither donating or just giving money to the IMF. The money is being lent with interest. Australia is always cycling money through the IMF. All that is happening is the amount is being increased. Even when Australia is in debt, there is a pool of funds that is invested so as to get a return via interest - this is no different.

What you are all doing is like saying you're giving away your money to charity when you take out a term deposit with a bank that donates money to somewhere like the Flying Doctors.

Great idea except that Europe & the IMF may go bankrupt
& then what will you say?

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Gist Gold Member Offline I am not a sock, I am a human being! Posts: 5476	Re: Should we be bailing out the lazy Greeks ?? Reply #34 - Nov 8^th, 2011 at 3:29pm Bobby. wrote on Nov 8^th, 2011 at 3:09pm: Great idea except that Europe & the IMF may go bankrupt & then what will you say? Help? Seriously, if we do nothing then it just increases the likelihood that Europe goes belly up and then we're stuffed anyway. Better to try to avert the situation isn't it?
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Ex Dame Pansi

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Re: Should we be bailing out the lazy Greeks ??
Reply #35 - Nov 8^th, 2011 at 3:58pm

Gist wrote on Nov 8^th, 2011 at 3:29pm:

Bobby. wrote on Nov 8^th, 2011 at 3:09pm:

Great idea except that Europe & the IMF may go bankrupt
& then what will you say?

Help?

Seriously, if we do nothing then it just increases the likelihood that Europe goes belly up and then we're stuffed anyway. Better to try to avert the situation isn't it?

It's too late. We are heading into a giant financial tsunami, all caused by years of using fiat (monopoly) money. We may as well flush the money down the dunny for all the good it will do. So we all borrow money to give to the IMF so they can rescue Greece. It still has to be paid back, so we all borrow to pay it back......

You cannot solve debt with debt.

It's just diverting the crisis until the next guy takes over because no one wants it to happen on their shift.

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"When the power of love overcomes the love of power, the world will know peace." Hendrix
andrei said: Great isn't it? Seeing boatloads of what is nothing more than human garbage turn up.....

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Ex Dame Pansi Gold Member Offline Australian Politics Posts: 24168	Re: Should we be bailing out the lazy Greeks ?? Reply #36 - Nov 8^th, 2011 at 7:44pm The new interim government will step in within the next few hours perhaps. Someone from the IMF or the EU apparently, not a politician but a banker. What a coup!
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Bobby.

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Re: Should we be bailing out the lazy Greeks ??
Reply #37 - Nov 9^th, 2011 at 6:21am

Ex Dame Pansi wrote on Nov 8^th, 2011 at 3:58pm:

Gist wrote on Nov 8^th, 2011 at 3:29pm:

Bobby. wrote on Nov 8^th, 2011 at 3:09pm:

Great idea except that Europe & the IMF may go bankrupt
& then what will you say?

Help?

Seriously, if we do nothing then it just increases the likelihood that Europe goes belly up and then we're stuffed anyway. Better to try to avert the situation isn't it?

It's too late. We are heading into a giant financial tsunami, all caused by years of using fiat (monopoly) money. We may as well flush the money down the dunny for all the good it will do. So we all borrow money to give to the IMF so they can rescue Greece. It still has to be paid back, so we all borrow to pay it back......

You cannot solve debt with debt.

It's just diverting the crisis until the next guy takes over because no one wants it to happen on their shift.

Listen kids - Europe will survive.
If they survived Hitler they can survive anything.

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Ex Dame Pansi

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Re: Should we be bailing out the lazy Greeks ??
Reply #38 - Nov 9^th, 2011 at 6:42am

Listen kids - Europe will survive.
If they survived Hitler they can survive anything.

Of course they'll survive. I can't really call the Greeks lazy though, considering we will be bailing out the Spanish, the Portuguese, the Irish, the Italians and eventually ourselves.

Ah! what the heck! the whole world's lazy.

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"When the power of love overcomes the love of power, the world will know peace." Hendrix
andrei said: Great isn't it? Seeing boatloads of what is nothing more than human garbage turn up.....

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Bobby.

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Re: Should we be bailing out the lazy Greeks ??
Reply #39 - Nov 9^th, 2011 at 8:52am

Ex Dame Pansi wrote on Nov 9^th, 2011 at 6:42am:

Listen kids - Europe will survive.
If they survived Hitler they can survive anything.

Of course they'll survive. I can't really call the Greeks lazy though, considering we will be bailing out the Spanish, the Portuguese, the Irish, the Italians and eventually ourselves.

Ah! what the heck! the whole world's lazy.

But the Greeks are not only lazy -
they have a public service payout system which is so generous that
anyone would think they had the richest industrialised country on earth.
The truth is they only export olives & feta cheeze -
they are one of the poorest countries in Europe.
I will add stupidity to lazy as an apt desciption of them.

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Doctor Jolly

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Re: Should we be bailing out the lazy Greeks ??
Reply #40 - Nov 9^th, 2011 at 9:08am

Bobby. wrote on Nov 8^th, 2011 at 3:09pm:

Life_goes_on wrote on Nov 8^th, 2011 at 1:51pm:

Ex Dame Pansi wrote on Nov 8^th, 2011 at 7:16am:

The story originated from headlines like this, all over the news 4 days ago when Julia was at the G20.

Coalition blasts Julia Gillard's pledge of more aid to IMF to help avert eurozone crisis

http://www.theaustralian.com.au/national-affairs/julia-gillard-has-kicked-off-a-...

Julia did say she was willing to donate to the IMF and she also asked other countries to contribute. We know that the IMF is not Greece, but we must be excused if we start to think that we are giving to the IMF so that they can give to Greece.

The money is to be used to bail out the eurozone, and who needs bailing out in the eurozone? Greece at the moment with more to follow.

Australia is neither donating or just giving money to the IMF. The money is being lent with interest. Australia is always cycling money through the IMF. All that is happening is the amount is being increased. Even when Australia is in debt, there is a pool of funds that is invested so as to get a return via interest - this is no different.

What you are all doing is like saying you're giving away your money to charity when you take out a term deposit with a bank that donates money to somewhere like the Flying Doctors.

Great idea except that Europe & the IMF may go bankrupt
& then what will you say?

Europe is not about to go bankrupt. The "worst" case scenario is Greece drops out of the EU.

And the IMF is about the safest investment available in the world today. Every investment has risk.

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Uncle

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Re: Should we be bailing out the lazy Greeks ??
Reply #41 - Nov 9^th, 2011 at 9:50am

Doctor Jolly wrote on Nov 9^th, 2011 at 9:08am:

Europe is not about to go bankrupt. The "worst" case scenario is Greece drops out of the EU.

And the IMF is about the safest investment available in the world today. Every investment has risk.

That's about it. The Greeks declare bankruptcy and go back to the Drachma. The Italians do the same and go back to the Lire.

Then the rest of Europe decide what they're going to do. That's when the fun and games will start. And I can imagine the Poms sitting there yelling "I told you so!" Cheesy

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Sir lastnail

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Re: Should we be bailing out the lazy Greeks ??
Reply #42 - Nov 9^th, 2011 at 10:02am

Ex Dame Pansi wrote on Nov 8^th, 2011 at 3:58pm:

Gist wrote on Nov 8^th, 2011 at 3:29pm:

Bobby. wrote on Nov 8^th, 2011 at 3:09pm:

Great idea except that Europe & the IMF may go bankrupt
& then what will you say?

Help?

Seriously, if we do nothing then it just increases the likelihood that Europe goes belly up and then we're stuffed anyway. Better to try to avert the situation isn't it?

It's too late. We are heading into a giant financial tsunami, all caused by years of using fiat (monopoly) money. We may as well flush the money down the dunny for all the good it will do. So we all borrow money to give to the IMF so they can rescue Greece. It still has to be paid back, so we all borrow to pay it back......

You cannot solve debt with debt.

It's just diverting the crisis until the next guy takes over because no one wants it to happen on their shift.

They are just buying time and praying for a miracle that will never come.

Sooner or later the sh.t will hit the fan Sad

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Ex Dame Pansi

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Re: Should we be bailing out the lazy Greeks ??
Reply #43 - Nov 9^th, 2011 at 10:05am

Sir lastnail wrote on Nov 9^th, 2011 at 10:02am:

Ex Dame Pansi wrote on Nov 8^th, 2011 at 3:58pm:

Gist wrote on Nov 8^th, 2011 at 3:29pm:

Bobby. wrote on Nov 8^th, 2011 at 3:09pm:

Great idea except that Europe & the IMF may go bankrupt
& then what will you say?

Help?

Seriously, if we do nothing then it just increases the likelihood that Europe goes belly up and then we're stuffed anyway. Better to try to avert the situation isn't it?

It's too late. We are heading into a giant financial tsunami, all caused by years of using fiat (monopoly) money. We may as well flush the money down the dunny for all the good it will do. So we all borrow money to give to the IMF so they can rescue Greece. It still has to be paid back, so we all borrow to pay it back......

You cannot solve debt with debt.

It's just diverting the crisis until the next guy takes over because no one wants it to happen on their shift.

They are just buying time and praying for a miracle that will never come.

Sooner or later the sh.t will hit the fan Sad

The worry bead business must be booming.

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"When the power of love overcomes the love of power, the world will know peace." Hendrix
andrei said: Great isn't it? Seeing boatloads of what is nothing more than human garbage turn up.....

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