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02-01-2015, 11:51 AM | #31 |
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Love the way this guy patiently puts this bitch BBC propagandist banking suckup in her place.
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02-01-2015, 12:13 PM | #32 |
Apocalyptic Poster
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Blogger?
He used to work for Valve: http://www.polygon.com/2015/1/27/792...work-for-valve The new Greek finance minister used to work for Valve Greece's newly elected prime minister, Alexis Tsipras, has named a finance minister who gamers should recognize. The Wall Street Journal reports that Yanis Varoufakis has been tapped to help turn the Greek economy around, but fans of virtual economies will remember him as Valve Software's former economist-in-residence. "Before the Euro Crisis erupted in 2009 I was just another economics professor, minding my own little theoretical endeavours," Varoufakis wrote in that first blog post at Valve in 2012. "Writing obscure papers and esoteric books that only a few hundred nutcases around the world (like myself) would ever read, terribly satisfied in my very own academic cocoon." "The leading expert on virtual hats has been named the finance minister of Greece" But he came down from the ivory tower to slum it with the digital generation, and went on to become fascinated with the virtual economies he found there — an estuary of curious and ephemeral economic issues. In his blog, he mused over the nature of an online bartering economy and how buying low and selling high was to be achieved when trading hats in Team Fortress 2. Varoufakis also lent Polygon his expertise in our journey to find Satoshi Nakamoto, the mysterious figure behind Bitcoin, where he argued that the end result of the virtual currency boom would inevitably be deflation. In Greek and Roman times, change was made by literally cutting coins in half. Bitcoins can be subdivided as well, down to the 1/100,000,000, a denomination dubbed the "Satoshi." But Varoufakis says that when the last Bitcoin is mined there will be no more to go around, causing deflation. As the Bitcoin economy continues to grow, there will be the same amount of money shared in the system, and no amount of chopping it up will help it spread far enough. In joining the Greek cabinet, Varoufakis has a lot of trouble ahead of him. Greece is locked in a serious depression, brought on by the European economic crises of 2009. The bailouts needed to prop the country up lead it dangerously close to default, and the austerity measures mandated by the European banking system have ground the Greek economy down. Varoufakis has routinely described the austerity measures as "fiscal waterboarding." Statistics show that today more than one in four Greeks are unemployed. Youth workers, defined as those aged 15-24 who want a job, fare even worse with unemployment rates over 55 percent. "More than half of Greek workers under 24 are unemployed" The Wall Street Journal says that the self-described "libertarian Marxist" will be sworn in later today. Just how he'll use the financial levers available to him to help the Greek economy is unknown. "The ancient Greek word for money, for currency, is 'nomisma.' It comes from the verb 'to imagine,'" Varoufakis told Polygon in 2013. "Money has value to the extent that we imagine that it has value, according to the ancient Greeks. They knew that more than 2,000 years ago, and we kind of forget that simple, important notion at times." |
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02-01-2015, 06:57 PM | #33 |
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libertarian marxist huh
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02-09-2015, 02:08 PM | #34 |
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I think Merkel is not very happy
Greek PM seeks reparations over Nazi occupation & war-time loan "Prime Minister Alexis Tsipras, referring to Nazi Germany’s four-year occupation of Greece and a forced war-time loan during World War II that saddled the Greek economy in huge debt, wants Berlin to pay reparations. Tsipras, leader of the anti-austerity Syriza party, said Athens had a “historical obligation” to claim from Germany billions of euros in reparations for the physical and financial destruction committed during Nazi Germany’s occupation of Greece. Beyond the historical obligation, he said Greece had "a moral obligation to our people, to history, to all European peoples who fought and gave their blood against Nazism," he said in a keynote address to parliament on Sunday. " http://rt.com/news/230479-greece-tsipras-germany-nazi/ |
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02-09-2015, 02:45 PM | #35 |
Shut the fuck up!
Location: "Okay, white power feminist" - yo soy el mejor
Posts: 23,879
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Germany is bullying half of the EU into a prolonged recession with their insane austerity agenda. I don't understand why Greece, Spain, Portugal and even Italy remain in the EU. It's destroying their economies. If Greece doesn't get out from under the thumb of the Germans soon it will be decades, not years, before they recover.
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02-11-2015, 12:09 AM | #36 |
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THE FOURTH REICH
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02-11-2015, 12:09 AM | #37 |
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ALL HAIL EMPRESS MERKEL OF HOLY ROME
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04-16-2015, 02:07 PM | #38 |
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Greece is fucked, there is no serious solution for the financial crisis there. The stupid voices calling for them leaving the euro area won't solve anything, as well as giving any more financial credits. I am excited to see how it will go on. Same procedure as every year might not work for much longer.
This whole (ECU)/euro project has been a failure from the start |
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04-17-2015, 01:34 AM | #39 |
Ownz
Location: Denton Texas
Posts: 922
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Syriza is in a difficult position but they are trying. Rather have them in power than Golden Dawn.
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04-18-2015, 03:01 AM | #40 |
Apocalyptic Poster
Location: boar city, countryside of munich
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Well now they got a billion dollar contract with a gas pipeline from russia going, seems to solve their financial situation. So there's the russian friendship thing again.
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04-18-2015, 07:41 PM | #41 |
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ties look cool
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04-22-2015, 03:24 AM | #42 |
Just Hook it to My Veins!
Location: František! How's the foot of your turtle?
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ties with russia
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04-22-2015, 07:50 AM | #43 |
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06-17-2015, 08:33 PM | #44 |
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things are getting a bit tenses...
Greek Central Bank: "Greece will leave the European Union" http://www.studionoord.net/image.php...crisis-III.jpg |
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06-22-2015, 10:57 PM | #45 |
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stop posting
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06-26-2015, 06:08 PM | #46 | |
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Greece Rejects Bailout Extension: Tsipras Calls For Referendum, Will Convene Parliament On Saturday
The saga continues...and seems to be ratcheting up with each day at present. I like this guy's comment from ZH here: Quote:
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06-26-2015, 06:19 PM | #47 | ||
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THE DELPHI DECLARATION
On Greece and Europe Quote:
Quote:
Nice to see some in the academic and political circles feel compelled enough to call out the banksters on this, unlike the media they own who can't. |
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06-27-2015, 12:12 AM | #48 |
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stop posting
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06-27-2015, 12:29 AM | #49 |
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they're not so radical, as everybody else was already pointing out, it seems
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06-27-2015, 05:18 PM | #50 | ||
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Greece Blows Up Negotiations – Bank Run Has Started – Some Banks Won’t Be Able To Open On Monday
And so it begins... Quote:
Guess we're about to find out if this domino/butterfly effect is gonna happen or not... http://www.zerohedge.com/sites/defau...utterfly_0.png The Greek Butterfly Effect Quote:
Last edited by The Omega Concern : 06-27-2015 at 10:36 PM. |
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06-27-2015, 05:18 PM | #51 |
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stop posting
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06-28-2015, 06:56 PM | #52 | |
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Ignoring Tsipras Plea For Calm, Greeks Storm ATMs, Stores, Gas Stations
Quote:
If there's a consensus analysis of how this can (errr...will) become a contagion that reaches the States, it's one to three years out after Greece folds. So, my fellow Americans, take heed, I have for years now. Don't be like the Greeks in all these pics of long lines when its too late. end game is total financial chaos to trigger social upheaval and have the plebes begging for a new system which the Hegelian's already have prepped with (what appears at this point) the BRICS with trade laws like the TPP in place to grease the skids for this NWO. |
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06-29-2015, 11:09 AM | #53 |
Netphoria's George Will
Location: Fenway Park
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Greece needs to suck it up and go ahead with devaluation. Default and start over is probably best in the long run for Greece but scary as hell for the next few years.
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06-29-2015, 11:18 AM | #54 |
Netphoria's George Will
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Also they waited wayyy too long for the referendum and have no plans in place following it.
Yes or no? No should win, but I'd say yes will because people are scared of the unknown. |
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06-29-2015, 04:56 PM | #55 |
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fucking rich guy
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06-29-2015, 10:48 PM | #56 |
Brazilian Blouselord
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Pretty sure literally 100% of all countries' economic policies are specifically to avoid "the unknown."
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06-29-2015, 11:12 PM | #57 | |
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I had an inkling that this time around was going to be different. All signs showed that an 'extend and pretend' IMF loan bailout was not possible this time around and sure enough, it aint happening.
This also gives Ben Fulford a full point on credibility (he's been on the larger story of the Federal Reserve and the other central banks as crooks and Greece a symptom of a grand Fiat lie). * Greek Domino falls, China moves in to pick up the pieces Quote:
*It's still entirely possible Fulford is controlled opposition. Nevertheless, his reports of late have been seeringly accurate. |
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06-30-2015, 01:46 AM | #58 |
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06-30-2015, 01:59 PM | #59 |
Shut the fuck up!
Location: "Okay, white power feminist" - yo soy el mejor
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The biggest difference between Greece and a State like Florida is that the government of Florida can spend more money than it raises in revenue because the Federal government of the United States will cover the cost things like highways, social services, coast guard, etc. etc. But the European Union won't do a damn thing to help Greece. Germany isn't going to send billions of dollars to Greece the way that California and New York send their federal tax money to "red states" so they can operate in what would otherwise be a deficit.
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06-30-2015, 02:22 PM | #60 |
Shut the fuck up!
Location: "Okay, white power feminist" - yo soy el mejor
Posts: 23,879
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if the Greece defaults they would be better off adopting another country's currency, like the US dollar. Or at least peg the Greek Drachma to the dollar.
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