Greek Bailout Is Just Another Ponzi Scheme

[robert l. bentham]

The most significant, yet least discussed, issue in this debacle is that no one is offering solutions. Instead, they are merely buying time so that the can is kicked down the road again, praying the implosion occurs on someone else’s watch. Throw more imaginary money at the problem, say the right things to keep sheep-like investors duped, and don’t get caught holding the bag.

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That has worked for decades, but too many fundamental economic principles have been violated to keep the piper at bay much longer. ​

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The Ponzi scheme of socialist-leaning Western economies is quickly approaching implosion status, and when it blows, the Great Depression will look like a walk in the park. That’s what happens when socialism and laziness trump free markets and personal initiative. ​

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http://www.newsmax.com/Freind/greece-bailout-ponzi-madoff/2011/11/04/id/416890

 

[Glaucus]

Blaming Greece's situation only on socialism is just too simplistic.

 

[robert l. bentham]

yeah... i know... i only posted this as a half joke since this guy has a myriad of reasons why our economy is crapping out and he blames none of it on american laziness...

 

[robert l. bentham]

Nevertheless, while from the outside Merkel seems to be dragging her feet in the crisis, for many in Germany she has already gone too far. “She is clearly caught in a dilemma between domestic political demands and foreign calls on her,” Klein added. “That is a very difficult position, and she’s trying to muddle her way through.”

http://www.salon.com/2011/12/02/why_germany_opposes_a_powerful_euro_solution/?source=newsletter

im so glad im not her right now...