The case is not about the debt per se, but how the elit will create fear for anyone (else) who is/will not obey them. Greece is the scapegoat.
About the topic, there is no way that the money will be gathered, but it is a symbolic move of support.
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this is a great way to show the people how much money that realy is...
it is totaly crazy and no country could ever pay that amount of money back
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Well consider that the US spend 610 BILLION $ just on their military (source https://en.wikipedia.org/wiki/Military_budget_of_the_United_States) i would say that some country's could pay back that amount of money.
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it is not just the 1.6billion, that are just one rate. In fact we talk about 316.997.357.518€.
we talk about a country with a GDP of ~ 250billion€.
so okay, you are right "no country" is a bit wrong but i say no country could pay a debt with a ratio like this to the GDP
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it is not "pay back" if i have to loaning more money :)
funny thing:
http://www.nationaldebtclocks.org/debtclock/germany
http://www.nationaldebtclocks.org/debtclock/unitedstates
http://www.nationaldebtclocks.org/debtclock/greece
http://www.nationaldebtclocks.org/debtclock/china
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thats how the economy works....every financial professional will tell you that
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It's not a question if some countries could pay it or not. Germany alone could pay it if they wanted to. The problem is that they have already been paying it for the past several years and the Greek show next to zero indication about actually doing anything about their own debt, they just casually live off others' money. This is what the debtors kinda got fed up with and this is why you could hear talks for months now that it'd be better to let them sink into state bankruptcy.
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Depends how you look at it. You could view it as a means by which these debt-laden nations become slaves of the Western powers headed by the United States; the irony being that it is from Greeks that 'democracy' derives. The rich become richer whilst the poor become poorer having become tied to their ideology. When the UK and the U.S invaded Iraq, Afghanistan and so on, the negative inclusion of debt whilst signing on, was never included in the small print!
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That should be, rich become richer, poor become richer, and unwilling stagnate, but instead, taxation and social programs means, the super rich stagnate, the merely rich get poorer, the poor get poorer and the unwilling get richer.
Of course we could have socialism, where the select few get richer and everyone in general get poorer, even faster with more taxation and social welfare. Lets race to the bottom, yay.
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But I am still willing to participate on it. The €1.6 bn euros are what they had to pay to the IMF until 30 June.
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Nope, just don't borrow money from them at all. They simply give you a lot of money at the start, without any real plan as to how you are going to repay any of the money. They give you billions and billions, and after you've spent it all, they come to ask for it. Romania is in a similar situation, just hasn't reached the stage where they ask for their money back.
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The only issue is that IMF doesn't advertise the money they give you as a loan. They promote as more of a grant to boost the economy and investments, even though when you are unable to pay your debts they force you into closing all your factories and simply purchase products produced by foreign companies. Yes, I know the wording is not necessarily perfect, but I'm in a rush. The whole point is: they give you money, you can't pay back, they close your industry, you buy their products at overpriced rates.
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it is not even this.
"invest" is an easy word but in the reality it isn't so easy to do.
Most countries allready have a lot of debts before they get in contact with the IMF that they have to pay back AND the IMF didn't just give you money. They combine this with different restrictions and mostly they don't say "invest" but "save".
And like you can see in a lot of countries all over the world "save money" isn't the solution to reform a country.
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https://www.youtube.com/watch?v=-DT7bX-B1Mg This happened with the IMF money in all countries ( i love how island did, jailing corrupt politicians and bankers)
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https://es.wikipedia.org/wiki/Rescate_bancario_espa%C3%B1ol , http://www.mientrastanto.org/boletin-122/notas/el-coste-del-rescate-bancario-las-cifras-reales , http://www.eldiario.es/internacional/Islandia-banqueros-concedieron-prestamos-imprudentes_0_85041646.html , http://www.elconfidencial.com/mundo/2011-03-20/islandia-el-pais-que-castiga-a-los-banqueros-culpables-de-la-crisis_420588/
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I do from time to time public Giveaways...but just doing Giveaways is not fun...puzzles are fun....and they are open for everyone...sometimes hard...but always with a easy section. Ok but meanwhile all my giveaways are lvl2+ ...sorry if you stay longer on this site you will know why.
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Baklava sent to every donator along with a signed copy of "My Big Fat Greek Wedding"
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Well, a friend explained how that website works, the creator could created the project "flexible" so he could get the money even if he wont get the goal, the way that he did, he only can get the money if the project reach the 1293710974 millions that is not going to happend (its a lot of money tbh)
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Actually they gave it "back". For example germany get 350million € from 2010 - 2015 just interest.
That is the big problem, they have to take new credits to pay the old interests (not even the old credits)
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That crowd funding thing can't help when even the interest (Zinsen) of the debt can't be covered lol ...
Debt shouldn't have interest, much like money in general ... this insanity will destroy shine-existent "western" economy sooner than later. In 5 - 20 years from now we'd either have new a revolutionary economic system (as if) or a fine a WW-III - reallocation of wealth and reboot of the same shit system as always (high likely).
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The emergence of the BRICS economic 'union' (Brazil, Russia, India, China and South Africa) is seen as an attempt to challenge the western powers' stranglehold.
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Not any more. Russia is in trouble already with these oil prices, Brazil is just living off from state capture and insane taxes, India is stopping because its getting flooded with its own poverty class, China is in small turmoil because their economic growth is slowing and it cannot sustain their system that much. BRIC seemed like a powerhouse five years ago, now they are just a toy train instead of a roaring steam engine. But at least they are still going, and that's more than a few countries could say.
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In fact did you read the article about George Soros, warning there was “No Exaggeration” That China-US On “Threshold Of World War 3″. I found it pretty interesting.
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No hadn't read that, but lots of sources claim a WW3 is in the bushes ...yet i don't think China will be in the kick-starting role in this event. The USA however i believe will gladly give a hand, to whomsoever is willing to wage a war outside their country -
for "mad gainz" as always.
*just some quote:
"Whereas Roosevelt tended to be flexible in coping with the Russians, Truman held sterner views. "If we see that Germany is winning the war, we ought to help Russia; and if that Russia is winning, we ought to help Germany, and in that way let them kill as many as possible. . . ." he said as a Senator in 1941."
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The current economic system is broken.Sooner or later we will have a global financial collaps.That will happen when countries can't pay their debts to each other or to banks,corporations etc.Basically what happened to Greece will happen to the entire world in a domino effect style sooner or later.
Economists don't know what will happen,how much will the financial collapse last,what would be the consequences etc.
This happens because countries have no money..they have debt and imaginary money in computers.
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Meh, i'd rather see them turn the debt into a game on steam so they can give it away here.
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I think that Europe will support the new government as their future profit. Because whole debt is by government system, and it's Greek's people fault, I guess it'll be better to wait for the renew progress completed, or it'll be sand of the ocean !
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Why is Greek's people fault? That's the lie that here in Spain they are telling, government says that its the fault of the people that we are in crysis, so they ask for a loan to help us, but they give the loan to the banks and the money dissappear, so we have to pay increased taxes while the government steal the money
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Absolutely that is mostly government system fault, but in my opinion, there still be a minor fault of Greek's people because they believe blindly in their government and why not overthrow (?), they choose to keep it in peace which means pain in the ass, the real example recently is what happen in HongKong- they fail but at least they try! And if Greek's people do a coup to their government, there will be a small chance to stop the government or at least- call for help !!!
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I dont know about Greek laws etc, but here in Spain you vote every 4 years to choose a government, and then they can do whatever they want to, even if they promise something in the elections... And people cant do anything, until 4 years pass and they choose again (yeah, you could go to a protest march, but that only works if the government want to listen to the people ....) But yeah, im agreed with you, our government from the last 4 years was choosen by only 1/3 of the votes, because a lot of people just didnt vote or voted null (in my opinion they wasted the vote, but meh ) https://en.wikipedia.org/wiki/Spanish_general_election,_2011
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It is partly people's fault. It was an awful financial management of the government and the fact that people didn't react to that.
The salaries where huge,so were the pensions while the prices where in the rock bottom.The evasion of taxes was a usual thing to do and this is something that played huge part in this whole situation. It's just that people back then (80's-00's) didn't quite care or maybe didn't know what consequences this may have. They all were part of this, some more some less.
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The chances of this going anywhere and not being a scam... There have been a few of these types of scams, assuming it is a scam.
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A friend told me about this site, if you create some kind of charity project, you could make it "flexible" that means that if you dont get the goal, you could get the money , but this guy just did it the normal way, if you dont get the goal, all the money go back to their owners. But yeah, too sad that we cant trust eachother anymore :(
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Ah, so it has a system set up that allows people to get their money back? I'm assuming that type of system is new which is pretty depressing if it is.
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More info from the maker here: http://www.theguardian.com/commentisfree/2015/jul/01/greek-bailout-crowdfund-politicians-euros-people
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A: Gib me moneyz, I'll gib back later
B: k, take dis moneyz
A: Gib me moar moneyz, I'll gib back later
B: k, take dis moneyz
A: I need moneyz, economiez downdowndown
B: k, but if I gib you moar moneyz, u muzt do diz and diz
A: k, I will
B: k, take dis
A: I have no moneyz, gib me moar
B: whut? k, I can gib u bit moar, but u muzt do what I told u to do... take dis
A: k
A: I need moneyz, I'm poor and have big debt
B: whut? k, I can gib u bit moar, but u muzt do what I told u to do... take dis
A: u stupid, me not gonna pay debt. I also want moar moneyz
B: wtf? k, take dis lil bit, but you must do what I told u
A: I hatez u, I need moneyz and u no gib. I not gonna pay u moneyz, u thief, u shuld be assamed of urself
peoplez reaction: gib Greece moneyz u stupid thief, u bad guy did bad things to Greece, I luv Greece, u stupid
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A: Gib me moneyz, I'll gib back later (gave it to the corrupt bankers that will share it with the corrupt government)
B: k, take dis moneyz
A: Gib me moar moneyz, I'll gib back later (gave it to the corrupt bankers that will share it with the corrupt government)
etc etc Again, this is for the corrupt people in the government (not only in greece, in almost all countries) dont blame the 99% for the 1%
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There is already a way to crowdfund debt. In fact, you don't even have to enroll.
It's called tax.
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Greeks are in this situation only thanks to themselves. Look up what kind of benefits they get, they are paid for washing hands or being on time at work. They completely lost control.
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Oh that's just a small fragment. For most of the population, their main ambition seems to be nesting themselves good in some made up goverment sector, do nothing 8 hours a day for rest of their "working" life and retire as soon as possible (45-50) with insanely huge one time payouts and absurd pensions. You had people in their 50s getting 2000€ pensions when minimum wage is 500€. Also everyone favorite hobby are tax evasions on national level and not to mention how the economic system is completely rotten. It is not uncommon for farmers to apply for a farmer's subsidy, get approved, and simply destroy the crops.
It was a mistake to ever let them in EU considering what happened.
They really did this to themselves.
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So, a guy put on a Crowdfunding site this idea, at first i laugh thinking it was a joke, but after reading it i think its a very good idea (well, if the guy reach the goal and actually give the money instead of dissappear with it). Not GA inside, sorry :(
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