[ExI] cyprus banks

[Andrew Mckee]

On Tue, 19 Mar 2013 11:35:04 +1200, spike <spike at rainier66.com> wrote:


> Andrew I have a question from your comment.  The Greeks are trying to
> instill austerity measures, which are highly unpopular.  One school of
> thought holds that it will make the Greek economy worse.  What is the
> alternative?

Errr, print more money just like the US has been doing lately?, but of course give it a lofty technical sounding name so that they don't scare the woman and children and the other timid folk.

I've heard a few economists mentioning that doing so in the current recessionary/deflationary/stagnatary times has none of the inflationary effects it would normally do, so why not, after all its only money, its not like it's real or anything.

But I guess the government there has both its hands tied behind its back with that whole Eurozone thing.

So maybe it's time for the common folk to rise up against their oppressive thieving leaders and parade there heads around the town square on the ends of pointy sticks, no wait, there's no way that would ever happen - but it would be damned funny if it did!  ;-)

> dollar it spends.  Clearly this is not sustainable, so what is the endgame?
> Commentary by Europeans welcome please: if we extrapolate current trends,
> where does this lead?  What happens?  The government insists it cannot cut
> anything, and they already raised taxes.  So what happens then?

Hang on a tic I'll give the magic 8 ball a shake, hmmm, it says 'Things will be more or less like they are now, with the exception that the poor will be slightly poorer, and the rich handsomely richer'

Was anyone expecting anything different to play out?