Comments on: Is The Greek Debt Crisis Being Purposely Hyped And Manipulated?

By: Junious Ricardo Stanton

Junious Ricardo Stanton — Wed, 12 May 2010 17:43:49 +0000

“Austerity measures” or IMF and World Bank loan shark style “Structural Adjustment Programs” are coming to the US and other Western countries. This is what Obama’s Fiscal Responsibility Commission or whatever it’s being called is all about. Only in the US it will be social programs like Social Security and Medicare/Medicaid that will be slashed and working people’s pensions and 401Ks will be stolen and used to prop up the failing banking system. Meanwhile the military budget will never be touched and perpetual wars for “national security” and “defense” will continue to drain the US treasury and sovereign wealth until we are totally bankrupt. As the writer suggests this is part of the international bankster’s problem/reaction/solution model/scam.

By: j r

j r — Tue, 11 May 2010 18:13:18 +0000

I maxed out all my credit cards so I guess I need to apply for some more, right?

By: Maxx Hardwood

Maxx Hardwood — Tue, 11 May 2010 16:34:34 +0000

I keep thinking something in my head: in order to ‘lend’ money, don’t you need to have some ‘saved’ somewhere? China has savings, but I don’t see them ‘lending’ to anyone. The only ‘lenders’ I see are bankrupt nations like the United States, etc. So, we’re not really lending anything (of value, anyway). We’re just printing president’s faces on pieces of paper, handing them the paper, and hoping somehow down the road someone will actually start making ‘money’ (savings) and it’ll all be ok. SAD.

By: mamvas

mamvas — Tue, 11 May 2010 06:47:08 +0000

Paul Krugman it’s wrong

The Euro stronger than the dollar

By: Lunatic Fringe

Lunatic Fringe — Mon, 10 May 2010 22:01:29 +0000

Only in the world of make believe, could the EU, set aside a trillion dollar bailout and this would be considered great news.

Never mind the staggering debt load you have acquired, the ridiculous social spending, or the fact that bailouts are paid with real honest to goodness revolving interest, i.e. debt.

We cheer debt. It is insane. Debt is not the cure, it is never the cure. Reducing government programs and waste is the cure, but around the world a bunch of sheep sent markets skyward today. Absolutely fascinating.

By: J. Lousie

J. Lousie — Mon, 10 May 2010 18:50:58 +0000

I agree with this, but the part about McCain turned out wrong, didn’t it? However, it probably won’t matter who the American president is, if the “Elite” truly does plan these things.

By: Grumpy

Grumpy — Mon, 10 May 2010 16:28:35 +0000

I don’t think that the Greek crisis is being overhyped. Keep in mind that many (if not all) lending institutions are severely over-leveraged (100:1 in some cases), and that sovereign defaults could cause bank failures, which in turn will cause bank runs and further sovereign bailouts from central banks, exacerbating the problems. While I think the whole fiat system should be allowed to collapse, the central banks won’t surrender their monopolies until they’ve drained the last bit of wealth from the middle class of the western world.

In the meantime, they’ll try to keep the patient alive by giving him a transfusion in the left arm, fed directly from his right arm.

By: Tony W

Tony W — Mon, 10 May 2010 12:33:01 +0000

I guess by pure numbers, no, all the hubbub about Greece is not warranted. But this is ultimately a grand Ponzi scheme, and the loss of ‘confidence in the market’ could send the whole house of cards tumbling down. Everyone’s up to their ears in red, and if the credit spigot is shut, we’re all screwed.