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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?


To: tejek who wrote (148407)1/29/2015 8:02:16 AM
From: RetiredNow  Read Replies (1) | Respond to of 149319
 
So you think printing money will help the Greeks? That's complete bullshit. The Greeks borrowed to Kingdom Come and then didn't want to pay it back. Now they want their debt forgiven. They should have it forgiven. It's unplayable. In a free market, debts get wiped out and people who took risks pay the consequences. In a centrally planned Keynesian economy, debts are never forgiven, but are floated perpetually, while central bankers steal from the 99% to give to the 1%.

Want proof? Of the $50B of TARP bank relief money, which was set aside for banks to implement mortgage debt forgiveness in the USA to underwater homeowners, only $9B has been used. WHAT THE FUCK?

The 99% are ALWAYS screwed by the governments largesse. It is ALWAYS the central bankers and the 1% who take home the lion's share.

You are so misguided as to be laughable. If you really want to help the 99%, then let's give up socialism, cronyism, and central banker rule of our economy, and let's go back to free markets where the participants can negotiate win-wins, without the 1% siphoning off everything for themselves from ZIRP, QE, and all the other rich people subsidies the Keynesians dream up.