Greece

[frankus]

You mean World War 3 could at least start with conventional weapons... awesome!

[rocktron]

Now the thing with all this dept is it really real?

So if the dept was written off and the money was printed and given back to those
who lent the money in the first place (so the balance sheet looks like its zero).
Would we be any the wiser (especially if you kept it quiet).

.......CLIP........

Interesting argument!!!!

On Friday, at the close of the markets, the Stock Exchanges around the world were depressed.

On Saturday and Sunday, the Financial markets were closed.

On Sunday, there was an election in Greece.

On Monday, the Financial Markets perked up.

Why? Nothing has actually changed. All, that was announced is that a pro-Euro party has won an election. Greece is still in an financial abyssF!!!

One cannot buck the trend on how the financial markets work.

[evilmags]

I think it's really worrying, the social unrest from the Euro is similar social conditions to the 1930s, I think it's far more serious than the politicians are taking it.

A mature and tempered analysis. It uis exactly like the gold standard. Many countries then, as now, were not prepared to deal with such an imposition of disipline. Due to the political capital invested ibn this project it will get worse before it gets better.

The scary thing is the erosion of democracy to protect the right on EU and Euro. Where have we seen this before????

[frankus]

The scary thing is the erosion of democracy to protect the right on EU and Euro. Where have we seen this before????

Was it Skeletor?

[evilmags]

http://www.telegraph.co.uk/comment/9...dark-ages.html

Boris is pretty spot on on this subject.

[frankus]

Okay, my instincts telling me Gargamel but seeing as this is Mags I'm reckoning it happened before when Labour were in power or Hitler..

[frankus]

http://www.telegraph.co.uk/comment/9...dark-ages.html

Boris is pretty spot on on this subject.

He falls on his arse in the first sentence, not sure I can be bothered to read on:

It is one of the tragic delusions of the human race that we believe in the inevitability of progress

I don't think he's qualified as a (human) observer (in the sense of being an accurate observer of humanity - I've no doubt he is human) - HAS ANYONE ELSE HEARD THIS BEFORE? THE HUMAN RACE HAS SEVERAL TRAGIC DELUSIONS? NO, FIRST YOU'VE HEARD OF IT? ME TOO, PERHAPS IT'S SOMETHING THEY TEACH AT PRIVATE SCHOOL - I've certainly never read about it in an text on psychology concerning belief. In fact, between me and you I think he's bullshitting.

So no tragic delusions.

"We believe in the inneviatbility of progress" got a good concrete definition of progress, Boris? Nope, it seems you've not even got a grasp of anything that doesn't happen to the regular beat of a news-hound's drum - we travelled to the moon 35 years ago but can't fix the wheels on a suitcase - you whimsical fucktard.

You're describing a "delusion" from an even worse delusion. How would "progress" in city hall be measured? Is there progress? How about now? and now? and now? how about now? Sometimes there are pauses, and set backs, sometimes the set backs are necessary mistakes, that once made the situation can be understood better.

I see no point in reading any further if the premise of your lofty opening paragraph has multiple flaws, I'm not an English teacher and don't need to see it through to the bitter end, nor am I that interested in reading something by someone who's confidence in their insight could provide 3 nuggets of profound misinformation in a single sentence.

[ICBM]

Marx was right.

The "wealth" "created" by finance capitalism is purely imaginary. A giant legal Ponzi scheme based on nothing more real than "confidence" and fresh air, and inherently destined to destroy itself when it reaches the point that the fiction can no longer be supported by reality.

I read recently that the "value" of the global finance trade last year (or the year before, or whichever was the most recent they're got "accurate" figures for) was about ten times the cumulative economic output of all manufacturing industry over the entire history of human civilisation.

I would suspect that point has been passed.

[frankus]

there must be either an enormous socialist alien robot attacking Tokyo or a new piece of skirt for Mags not to have replied yet.

What an awesome battle shall ensue

[Fretwired]

He falls on his arse in the first sentence, not sure I can be bothered to read on:

I understand the point he's trying make - he is writing for the Telegraph, not preparing for a debate at Jesus College Cambridge. Over the last 100 years life expectancy has risen, we have more social justice [women got the vote, it's not illegal to be gay etc], disposable income, universal healthcare, free education to 18, holidays, the internet and so on.

Cracks are beginning to appear but the average man on the Clapham Omnibus will not be prepared to go backwards in terms of a lower standard of living. In real terms though we're getting poorer - higher education is no longer free, pensions are lower, people will have to work longer and doctors in the NHS are about to strike to protect their gilt-edged pensions.

The truth is we're living beyond our means and we probably need a correction [your equivalent of going backwards] but if people are not prepared to accept it what then? The Greeks are on the brink and my guess is they'll take the view that they'll take us with them when they go ...