Greece versus the World

Lord Soley

There is something rather poignant about the birthplace of Western democracy putting the world on hold while they work out what they want to do!

A bit scary too!!

14 comments for “Greece versus the World

  1. Lord Blagger
    04/11/2011 at 11:29 am

    3% of the Euro economy holds the world to ransom.

    What does that tell you about the government finances in Europe?

    Very simply, they are up the proverbial creek.

    If we take the UK, you’ve run up debts of 225,000 (plus interest0 per taxpayer. Median wage 26,000.

    When all problems lead back to governments, its the governments that are at fault.

    • maude elwes
      11/11/2011 at 3:47 pm


      We are witnessing a debt doomsday machine winding its way through our world. The growing of a financial economy at an exponential rate.

      If these ‘markets’ can control governments by supplanting democratically elected sovereign states then politicians as well as democracy will be extinct.

      Parliaments will be gone in practice and the likes of Duncan Smith will be forced to join the rest of us in the line at the local soup kitchen.

      Does this mans boar face bring to mind Orwell’s Snowball of Animal Farm fame? Or is it just me.

      The World Bank and the IMF, with one fell swoop and without one shot being fired, well not in the Western societies that is, will have done what Cyrus, followed by Alexander the Great, Genghis Khan and Hitler was unable to achieve with powerful war machines.

      This is a grab of global proportions made possible by simply raising a bond market rate.

  2. Gareth Howell
    04/11/2011 at 12:03 pm

    Taken like that, Greece seems very decadent.

    I agree with Blag that indebtedness of that measure has quite a lot to do with political greed and incompetence, especially since 2003, when profligate spending on war began afresh.

    The arithmetic is curiously the same with the borrowing power of rural workers. They may earn £20,000 and need £250,000 to make themselves indebted by a roof over their heads. Caravans can get mighty cold in winter time.

  3. Lord Blagger
    04/11/2011 at 3:07 pm

    War has very little to do with the debt. The problem that dwarfs everything is state pension debts. Ponzi debt.

    They too the NI from people, and employed civil servants on a similar basis, and spent the pension money. It’s gone.

    So now the pensions are due, they are up the creek. The cost has escalated because there was no compound interest. No investments. Just spending.

    So they are going to default. They won’t be able to afford to bail out the 50% of the population with less than 5K in savings, when they ‘retire’. So very little in the way of benefits. It will be cubicles for the elderly. Like battery hens.

    • Twm O'r Nant
      09/11/2011 at 8:09 am

      spent the pension money. It’s gone.

      So now the pensions are due, they are up the creek

      That is a very conventional view of pensions and the NI, and with such vast numbers of immigrants arriving in the megametropolis UK,
      one with which I do not agree at all.

      If they come ‘ere, they pay.

      On that basis you will know how keen I am on immgrants.

      • Lord Blagger
        09/11/2011 at 11:31 am

        But there is still a problem with migration.

        1. Average government spend, per person is 11,000 a year.

        2. If you earn less that 40K per migrant, you aren’t paying your way.

        So vast numbers of the migrants are negative on UK growth, not positive.

        So that’s why the test for migration should be.

        1. No recourse to public funds.
        2. Earn over 40K per year, per migrant.
        3. Test is on tax declaration at the end of the year. If the tax is below government spend, top it up or leave.

        ie. Lets call Labour’s bluff. Make the test, are the migrants good for the UK, and if they are they can stay so long as they meet that criteria. If they aren’t they go.

        • Twm o'r Nant
          09/11/2011 at 2:46 pm

          The drain on resources by the re/patriation of funds to the country of origin is yet another question.

          It would be difficult to require them to declare all those funds before they claimed benefits. Some people are good at saving micro-sums, but if that is the case then they should be able to pay for their pension and sickness services, which none do.

          Remembering the way in which the first world countries exploit the soil and mineral resources of the underdeveloped ones, each in their turn, Spanish/French/Italian/Portuguese/ Dutch/Belgian, really has as much responsibility to the countries of origin as the immigrants themselves.

          What percentage of the Tunisian electorate two weeks ago was elected directly from Paris and Marseille, and one or two other places?
          10%? Where do you draw the line? Just seeing things in black and white is not the answer.

  4. maude elwes
    04/11/2011 at 3:23 pm

    Well, you see the simple answer then is to flat line all debt.

    An immediate off the hook answer that.

    It’s akin to going to the bankruptcy court. Here is the three easy steps out of trouble.

    It must be possible.

  5. Frank W. Summers III
    04/11/2011 at 3:32 pm

    Lord Soley,
    Perhaps there are more than one kind of bankruptcy in question. Perhaps the Greeks know this.

  6. Lord Blagger
    04/11/2011 at 4:19 pm

    What do you mean by flat line?

    Stop it increasing, or repudiate all state debts? (complete default)

  7. MilesJSD
    04/11/2011 at 10:42 pm

    I told you the Games should be giveb back, permanently, to Greece: they woul make an annualy increasing net profit out of that;

    but you didn’t agree !

    Now look at the mess we are all in,

    (and still blaming it all on “BROWN” (whoever he/she is) ).

  8. Gareth Howell
    07/11/2011 at 9:55 am

    One wonders about the volume of electronic communication between the 20 leaders cabinet offices before the event and how much more could be done, to avoid the physical meet up
    of G20 at all.

    A truly worldwide United nations democratic institution might well be achieved sooner rather than too late by much greater integration of the internet with democratic instituions worldwide.

    We now have two world wide groupings;
    the globalists and the antis.

    Such has been the velocity of change (don’t forget that many anthropologists now believe that due to the change in our memory powers, and the vastly greater understanding of the different kinds of memory, we are now homo sapiens SAPIENTIA) a different being all together, such has been that velocity, that
    organisation of political chambers electronically online which is certainly a very progressive and “Anti” way of proceeding,have been completely shelved in favour of capitalist gizmos which the various parliaments have adopted enthusiastically through seeing what are described as “revolutions” using a capitalist gizmo.
    Fac*bo*k is a reactionary revolution in Iran, a reactionary revolution in the Arab world, which in terms of literacy and communication is no bad thing but in terms of proper organisation of parliaments and legislatures
    does nothing at all. It merely delays effective Linnaean thought about how to organize remote electronic chambers, where debate all the way from selectcommittee to enactment may be done including voting in totally secure internet chambers using pin sentry for secure voting.

    If MPs and peers who are not just on the grab and make could direct their attention to things other than T8itter and t8eet it would be wise.

    Instead of using totally public things like that, they should be creating and using
    Home democracy (or wherever) of EVERY POSSIBLE KIND, and not just for the public but for the politic too.

    The HofL should be a museum; All its proceedings should be done on the internet.
    there should be no need for physical meetings at all.

    With that UN, may well become a democratic worldwide institution, (and understood) in a way that it has not been so far.

    The EU may well have reduced the dependence on the parliamentary move from Strasbourg to brussells at different times of the year by using far more electronic and voting democracy online. the location of parliament may no longer be a European issues on account of it, but where is the House of Lords and where are ,even, local authorities on the matter?

    Huh? They all want their expenses for attending, so even the reactionary Labourites won’t agree to it!

    The *evolutionary tories will do so and the
    *evolutionary left will also do so (Occupy)
    but non attendance but doing the same work is just something which is obliterated by the hugely profitable software gizmos in circulation, one foolish craze after another.

    We may end up paying analog level telephone fees for numbers instead of having the “nerd” @”atmark” thanks to the likes of Titter and Teet.

  9. maude elwes
    07/11/2011 at 5:00 pm

    If you want more info on fiddling in the Lords and getting away with it. Here’s a winner.

    ‘Baroness Uddin’ fiddled £125,000 pounds, was never taken to court. Has not repaid a penny and is to rejoin the Lords shortly, having served her suspension time. Oh, and as far as the paying back of any money is concerned. Here is the rub.

    She will be paying it back out of the ‘income’ she gets from the Lords for her presence there and from any expenses owed to her.

    In other words, we, the tax payers will be paying her fraud bill whilst she continues to use/have the money she stole in the first place. A get out of jail free card was in her desk pile for sure. Now why was that? Does anyone know what it is she did to be a ‘Baroness’ in the first place? And does anyone care? She is unfit for purpose.

    Now can anyone also tell me why she is exempt from the sack and jail as she took more than anyone else? What could be her extenuating circumstances? Go on guess?

    And what do you want to bet she will be sitting prominently beside whoever is speaking for the cameras, just to rub our noses in it every day, like the other corrupt individuals in that House, who feel it is their prerogative to thieve from the British people or commit crimes and take us all for fools.

    And then laugh all the way to the bank.

  10. Lord Blagger
    07/11/2011 at 10:06 pm

    You haven’t seen her attendance records either.

    Guess how many days she claimed she had attended?

    Guess how many days she used her pass to gain access to one of the most secure buildings in the world?

    Or are the Lords going to blame the police for letting them in? Nothing like stitching the small man up for their deeds.

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