Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Mainstream Politics and Economics -- Ignore unavailable to you. Want to Upgrade?

To: Paul Smith who wrote (40351)	3/23/2013 11:09:43 PM
From: Brian Sullivan	2 Recommendations Read Replies (1) \| Respond to of 85487

Chicago, Cyprus from The DiploMad 2.0 The situation in Cyprus and by extension in the mighty land of unicorns and griffens, AKA the EU, grows weirder by the day. Now the proposal is for Cyprus to seize 25% of the "big" bank accounts in order to meet the conditions for an EU bailout designed to prevent the collapse, well, of the EU and its fairy dust currency, the euro. Read the battle of the press releases between the government of Cyprus and that of Germany for some fascinating comedic reading, which could help wipe out all of our savings but at least we will be laughing and saying, "We told you so!" Also read some of the leftist/pro-EU commentary, including in the "New York Times," arguing that, oh well, Cyrpus is not REALLY all that important, and is only a tiny percentage of the mighty EU economy, and if Cyprus leaves the euro it will mean nothing except lots of poverty in Cyprus, and . . . ah, the sound of whistling past the graveyard. But, alas, all is not well here either in the Land of the Free. The USA and the EU have been in a brutal competition to see which one of us is first to ruin our economy and that of the world. The EU has held the lead in the race so the USA brought in a Kenyan socialist ringer to help us catch up. We have made impressive headway and cut into Europe's lead, but still there is no beating European politicians' hundreds of years of experience in screwing things up. We just can't beat them, yet, so we have to settle for smaller prizes as we train up to be in the big leagues. One of those smaller prizes is none other than Chicago. Wasn't it just a few weeks ago that the Chicago teachers were on strike? Weren't they unhappy with being the highest paid, least worked, and probably least productive teachers in the United States? They wanted even more money, less work, and fewer demands to prove than they had any positive effect on the youths in their care. They got all they desired. Now, the great wheel turns, proving that once again, even in Chicago, there is no free lunch. It seems some 50 or so schools will have to be shut down, plus others restructured, to meet a ballooning one billion dollar deficit. Any talk of rescinding the teacher's raises or limiting their compensation? Nah . . . this is Chicago, let the kids take it on the chin. On second thought, I guess the teachers do get a "free" lunch. We are getting better at this economic ruin game. EU look over your shoulder; we are gaining on you!