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    Greece Opts No New Proposal Today

    Scheduled Pinned Locked Moved News
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    • scottalanmillerS
      scottalanmiller @Dashrender
      last edited by

      @Dashrender said:

      So we'd bring our own people to run the ports - there always seems to be an abundance of charity.

      That's what they should fear the most. Us taking over the country by force. Once we have control of the ports, we own them!

      1 Reply Last reply Reply Quote 0
      • scottalanmillerS
        scottalanmiller @Dashrender
        last edited by

        @Dashrender said:

        Will people still starve, die, etc.. sadly, yes - but damn.. spending has never (that I'm aware of) actually gotten anyone out of a jam before.

        It does, actually. Economies are complex beasts. China is spending like mad because it is a proven means of saving themselves.

        DashrenderD 1 Reply Last reply Reply Quote 0
        • coliverC
          coliver @Dashrender
          last edited by

          @Dashrender said:

          Will people still starve, die, etc.. sadly, yes - but damn.. spending has never (that I'm aware of) actually gotten anyone out of a jam before.

          US History would generally disagree with this, although not always.

          1 Reply Last reply Reply Quote 0
          • DashrenderD
            Dashrender @scottalanmiller
            last edited by

            @scottalanmiller said:

            @Dashrender said:

            Will people still starve, die, etc.. sadly, yes - but damn.. spending has never (that I'm aware of) actually gotten anyone out of a jam before.

            It does, actually. Economies are complex beasts. China is spending like mad because it is a proven means of saving themselves.

            That can't last forever.

            1 Reply Last reply Reply Quote 0
            • scottalanmillerS
              scottalanmiller
              last edited by

              Famous examples of "spending your way out of a depression":

              • New York. A small state with limited economic resources decided to "spend through" the huge depression of the 1880s. What did it do? It built the Erie Canal, the largest engineering project until its time. The result? New York became the world's economic center and NY not only made NY rich but put the US on track to become the world's biggest economy as a result.
              • US. After the Great Depression in the 1930s, FDR's New Deal was a "spend through" strategy to put people to work and keep the economy moving when private investing had failed. The result? A war. But after that an unbelievable economic boom with the US having over 50% of the world economy.
              • Spain. Happening today. Spain was where Greece was just three years ago. What did Spain do? They paid their bills, listened to their creditors and spent through investing in themselves. The result is that Spain pulled out of the recession faster than most anyone (other than Ireland who did so using austerity measures) and is well on the road to recovery.
              MattSpellerM 1 Reply Last reply Reply Quote 0
              • MattSpellerM
                MattSpeller @scottalanmiller
                last edited by

                @scottalanmiller said:

                • US. After the Great Depression in the 1930s, FDR's New Deal was a "spend through" strategy to put people to work and keep the economy moving when private investing had failed. The result? A war. But after that an unbelievable economic boom with the US having over 50% of the world economy.

                I'd give the GI Bill it's fair share of credit too. Either way it certainly produced results.

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                • mlnewsM
                  mlnews
                  last edited by

                  This mostly sums up the Greek Situation:

                  Greece

                  1 Reply Last reply Reply Quote 1
                  • scottalanmillerS
                    scottalanmiller
                    last edited by

                    China's morning of trading sees them down another 3.6% so far. All of Asia is falling from the collapse in China.

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                    • mlnewsM
                      mlnews
                      last edited by

                      Who owns Greek debt?

                      greek debt

                      coliverC 1 Reply Last reply Reply Quote 0
                      • nadnerBN
                        nadnerB
                        last edited by

                        That's a lot of Euro's.

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                        • scottalanmillerS
                          scottalanmiller
                          last edited by

                          Rather a bit of Euros indeed.

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                          • coliverC
                            coliver @mlnews
                            last edited by

                            @mlnews said:

                            Who owns Greek debt?

                            greek debt

                            I was thinking that Spain and the US carried a bit more of the load, very informational graphic.

                            DashrenderD scottalanmillerS 2 Replies Last reply Reply Quote 0
                            • DashrenderD
                              Dashrender @coliver
                              last edited by

                              @coliver said:

                              @mlnews said:

                              Who owns Greek debt?

                              greek debt

                              I was thinking that Spain and the US carried a bit more of the load, very informational graphic.

                              A few weeks ago before Scott educated me that Spain was more or less out of their debt crisis I would have been VERY surprised to see Spain carrying any of the debt.

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                              • scottalanmillerS
                                scottalanmiller @coliver
                                last edited by

                                @coliver said:

                                @mlnews said:

                                Who owns Greek debt?

                                greek debt

                                I was thinking that Spain and the US carried a bit more of the load, very informational graphic.

                                Spain is a healthy economy but only just out of a recession, 25% unemployment still and a much smaller country than France or Germany. When Spain helped to bail out Greece it was in deep in its own recession.

                                That's partially why Greece is so evil here. They robbed the poor, not the rich.

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                                • scottalanmillerS
                                  scottalanmiller
                                  last edited by

                                  So far Greece has failed to submit a new proposal today. The deadline is hours away.

                                  1 Reply Last reply Reply Quote 0
                                  • scottalanmillerS
                                    scottalanmiller
                                    last edited by

                                    1 Reply Last reply Reply Quote 0
                                    • scottalanmillerS
                                      scottalanmiller
                                      last edited by

                                      Official song from Greece

                                      bills

                                      1 Reply Last reply Reply Quote 1
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