Wednesday, April 28, 2010

Trillion Dollar Bailout for Greece

Almost weekly, we hear new announcements from the the IMF, the EU, the ECB of money they are supposedly providing to Greece. The details are always sketchy (to be filled in later) and the money never seems to be sent, but sometimes it does spike the market upwards for a few hours (which helps the banks sell off a little more Greek debt), so I am going to do my part:

I hereby announce that I am going to provide Greece with a trillion dollar bailout.  And in the spirit of the Ben Bernanke school of money printing, the interest rate will be zero. In fact, under my GARP plan (Greek Assistance and Rejuvenation Program), the Greeks don't even have to pay the money back, ever..  This means that European stock markets can now spike up, that the Greeks no longer have to strike--and in fact, they don't even have to work once my money hits.

As for when I will send the money, as soon as I find my damn pen so I can write out the check. I know it's around here somewhere.

7 comments:

  1. I propose the OLIVE Branch Plan:

    Odysseus' Lineage International-financing Variance Extenuation

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  2. Since Americans are such generous people, I suggest a bailout from the American people to their good friends in Greece.

    This will be non-refundable of course.

    Let's make it $5 trillion.

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  3. Why should the Greek people work to pay off debts that a few of their elites ran up? Why should the people of Iceland?
    We in the US shouldn't be paying the debts of our elites, either.
    We should be incarcerating them and restructuring our monetary house of cards.

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  4. "Why should the Greek people work to pay off debts that a few of their elites ran up? Why should the people of Iceland?
    We in the US shouldn't be paying the debts of our elites, either.
    We should be incarcerating them and restructuring our monetary house of cards. "

    Lemme quote a famous admiral:

    "I fear all we have done is to awaken a sleeping giant and fill him with a terrible resolve."


    Be careful what you wish for.

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  5. I own a short piece of rope. Looking for the owner of a tall tree for a partnership filled with suspense. :)

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  6. Hey! I didn't give you that money for Greece!

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  7. I have to answer this one: "Why should the Greek people work to pay off debts that a few of their elites ran up? Why should the people of Iceland?"

    I cannot walk into any organization anywhere in the world, buy goods or services for my own use and then expect you to pay for them - except if I'm a politician, which may be why that career field is so attractive to thieves - and bankers who lend the money to the thieves.

    What historically can be considered common cause in global government and finance?

    1. That the global economy is based on debt and its manipulation; the underlying assumption being that "debt is money" and debt from the future can be bought and sold, like a commodity, its value based on the speculative future value of the wealth inherent in the debt.

    2. That unelected, non-sovereign or nationally unaligned, private, for-profit financial institutions basically control the global economy.

    3. That this control is through what California attorney and author Ellen Brown refers to as "The Web of Debt" which she alleges is the root cause of the current global financial disarray.

    Ellen Brown is one of the founders of today's global monetary reform movement which abides by and acts on that, and other allegations.

    With monetary reform in mind, I ask this basic question:

    Surely there must be something wrong with a banking system which, without fail, generation after generation, renders (apparently deliberately) almost all of its customers into financial ruin - individuals into poverty and nations into financial depression?

    Surely there must be other, better alternatives available?

    Surely 'debt counseling' should be part of any lending service from individuals to nations?

    "In international law, odious debt is a legal theory which holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, such as wars of aggression (or internal suppression or oppression), should not be enforceable.

    "Such debts are thus considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state ... This debt does not bind the people of a nation; it is a debt of the regime, a personal debt contracted by the rulers and consequently it falls with the demise of the regime.

    "In some respects, the concept is analogous to the invalidity of contracts signed under coercion." - Wikipedia.

    ()

    In my view this theory holds another analogy closer to the ground - that all lenders should be aware of the circumstances (i.e. Apartheid's) of the borrowers (home buyers) and therefore also held accountable for money lent.

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