Hat tip to Margaret Thatcher. The Greeks have run out of OPM.
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Well, it's happened: Greece is out of OPM
Hat tip to Margaret Thatcher. The Greeks have run out of OPM.
tl;dr
"There are no finger prints under water."
AKA, "austerity? That's for poor people!!!". Oh, wait...
Silly Greeks ... what a bunch of idiots.
Dumbasses voted down the EU bailout because it would mean they would have to take welfare cuts ... instead they've decided to switch back to the Drachma so that the commies in Athens can devalue it to "inflate their way out of debt" (the way the Greeks have delt with national debt for most of the last century) ... so now Greek idiots will still get the same size welfare checks but they'll be worth much less than had they just taken the austerity cuts the EU would have required.
Commies. Really is no connection to reality in their pointy little heads.
Eventually Marxism and Keynesianism hits the brick wall of reality.
You've heard the expression "Stupid should be painful"? THIS will likely end up an example of stupid being painful.
Will be fun to watch (until it starts happening here ... I suspect about this time or a little later next year).
(yeah, I know they weren't singing about the same kind of Greeks, but its fun none the less)
Last edited by Zundfolge; 07-05-2015 at 17:20.
Modern liberalism is based on the idea that reality is obligated to conform to one's beliefs because; "I have the right to believe whatever I want".
"Everything the State says is a lie, and everything it has it has stolen.
-Friedrich Nietzsche
"Every time something really bad happens, people cry out for safety, and the government answers by taking rights away from good people."
-Penn Jillette
A World Without Guns <- Great Read!
Time to short the EUR. EUR USD gapped down at the open (109 pips) and looks like it's struggling to come back up. Get your shorts ready.
Who here thought the EU was going to last?
Last edited by Gman; 07-05-2015 at 18:07.
Liberals never met a slippery slope they didn't grease.
-Me
I wish technology solved people issues. It seems to just reveal them.
-Also Me
Still have Italy, Spain and Portugal on deck for failure
Originally Posted by Mazin
Most Europeans now just call them the PIGS (Portugal, Italy, Greece, Spain).
Everyone needs to watch this closely. Most stuff over there comes over here.
Chinese stock markets dropped 30% in the past 3 weeks.
Liberals never met a slippery slope they didn't grease.
-Me
I wish technology solved people issues. It seems to just reveal them.
-Also Me
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