The Inside Assyria Discussion Forum #5

=> Re: Greece is a financial crime scene : Greg Palast Vultures' Picnic

Re: Greece is a financial crime scene : Greg Palast Vultures' Picnic
Posted by pancho (Moderator) - Thursday, November 17 2011, 0:01:31 (UTC)
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..it's really very simple. The idea of borrowing money, whether a person or country or company, works so long as you can pay it back...to pay it back you need to generate enough money, either in wages or profits....if you cut back on employee earnings, you cut back on their ability to pay their loans, or shop...and when they stop shopping the stores and manufacturers go broke and soon THEY can't repay their loans...and then the government goes broke because tax revenues fall and then THEY go broke...Bankers don't lose anything...it's just a matter of how obscene their profits will be...but in any case and given the way things work over time, everybody is going to go broke at some time...not all together but in turn... it's no mystery.

People can barely survive so naturally they want their taxes lowered...and the cycle spirals down down and down...the odd thing is that the means are within the hands of the people to change the system they suffer from...but they're too busy peeking into bedroom windows and between people's legs and being born again to notice that the people yakking about morality and values are the very same ones fucking THEM!!!



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