My parents, born early in the 1900s, lived through the Depression and FDR’s Nanny State Revolution, by the middle of the century told me and my siblings that “credit” was a new and very bad idea.-Now “credit” has brainwashed too many humans into thinking it means “file bankruptcy and don’t worry about the losses the loaners suffer”……--The Bible teaches “never a borrower nor lender be”….and I think that is the best advice a person will ever get. Bible also teaches us to be frugal and never “buy” what we cannot pay for. Always pay our debts. That way we do not steal from anyone who ever helped us. A clean conscience is a valuable asset and contributes to a healthier life.
The IMF & ECB are using the threat of bank shutdowns to punish Greeks for the deceptions of elite politicians & bankers. The folks in charge of the Eurozone should have had some idea that letting Greece join would lead to this, but the suits in Big Finance saw an opportunity to make huge amounts of money. It doesn’t help the the same people shuffle in & out of jobs with central banks & places like Goldman Sachs.The right wing “entertainers” love the narrative of lazy, deadbeat Greeks, because they can say, “This is why we need to punish our pensioners & welfare beneficiaries!”The Greeks are calling the ECB bluff & insisting that they should not be the only ones taking a loss on bad deals. Seems like Tsipras may know a thing or two about economics…
Beelzabub said, about 6 hours ago “The Bible didn’t teach: Never a borrower nor a lender be.It was Polonius in Act I, Scene 3 of William Shakespeare’s Hamlet”-I have been reading the Bible with concordances since 1960.-On borrowing, a few texts are Deut.28:12….Deut.15:6 and Proverbs 22:7 and Isaiah 24:12. Because usury was sometimes not “kosher” it was not recommended, Exodus 22:25.-Whoever the real writer was, who was called “Shakespeare”got his sayings from the Bible, which teaches that “debt” makes the borrower a “slave” to the lender. Amen.
@FishDogWhere were you when our Federal Government ( a liberal “nanny state” according to you ) bailed out Citigroup, Morgan Stanley, Goldman Sachs, and the Bank of America with trillions of taxpayer dollars? This form of “conservatism” doesn’t seem to concern you….
The Wolf In Your Midst said,“It’s rare to see so many words say absolutely nothing”—Basic economics is like pro football. Many try but only a few make the cuts for those millionaire salaries. See, I talk your language, Wolf and FishDog. It is not Greek to me.
95% of the money from the ECB and IMF went to the criminal banksters. Now the Greeks are expected to pay their debts. Just like here in America. The rich reap the profits and the poor get stuck with the bill.
drdon1 i wrote and emailed my congressman and both senators to ask them to stop the bailouts [ wrote me and told me it was for my own good to bail them them out // i sent a reply for him to explain how // still awaiting a reply]
kline0800 almost 9 years ago
My parents, born early in the 1900s, lived through the Depression and FDR’s Nanny State Revolution, by the middle of the century told me and my siblings that “credit” was a new and very bad idea.-Now “credit” has brainwashed too many humans into thinking it means “file bankruptcy and don’t worry about the losses the loaners suffer”……--The Bible teaches “never a borrower nor lender be”….and I think that is the best advice a person will ever get. Bible also teaches us to be frugal and never “buy” what we cannot pay for. Always pay our debts. That way we do not steal from anyone who ever helped us. A clean conscience is a valuable asset and contributes to a healthier life.
misterbf almost 9 years ago
The Bible didn’t teach: Never a borrower nor a lender be.It was Polonius in Act I, Scene 3 of William Shakespeare’s Hamlet.
Uncle Joe Premium Member almost 9 years ago
The IMF & ECB are using the threat of bank shutdowns to punish Greeks for the deceptions of elite politicians & bankers. The folks in charge of the Eurozone should have had some idea that letting Greece join would lead to this, but the suits in Big Finance saw an opportunity to make huge amounts of money. It doesn’t help the the same people shuffle in & out of jobs with central banks & places like Goldman Sachs.The right wing “entertainers” love the narrative of lazy, deadbeat Greeks, because they can say, “This is why we need to punish our pensioners & welfare beneficiaries!”The Greeks are calling the ECB bluff & insisting that they should not be the only ones taking a loss on bad deals. Seems like Tsipras may know a thing or two about economics…
kline0800 almost 9 years ago
Beelzabub said, about 6 hours ago “The Bible didn’t teach: Never a borrower nor a lender be.It was Polonius in Act I, Scene 3 of William Shakespeare’s Hamlet”-I have been reading the Bible with concordances since 1960.-On borrowing, a few texts are Deut.28:12….Deut.15:6 and Proverbs 22:7 and Isaiah 24:12. Because usury was sometimes not “kosher” it was not recommended, Exodus 22:25.-Whoever the real writer was, who was called “Shakespeare”got his sayings from the Bible, which teaches that “debt” makes the borrower a “slave” to the lender. Amen.
DrDon1 almost 9 years ago
@FishDogWhere were you when our Federal Government ( a liberal “nanny state” according to you ) bailed out Citigroup, Morgan Stanley, Goldman Sachs, and the Bank of America with trillions of taxpayer dollars? This form of “conservatism” doesn’t seem to concern you….
kernelcorny Premium Member almost 9 years ago
The Wolf In Your Midst said,“It’s rare to see so many words say absolutely nothing”—Basic economics is like pro football. Many try but only a few make the cuts for those millionaire salaries. See, I talk your language, Wolf and FishDog. It is not Greek to me.
randolini Premium Member almost 9 years ago
95% of the money from the ECB and IMF went to the criminal banksters. Now the Greeks are expected to pay their debts. Just like here in America. The rich reap the profits and the poor get stuck with the bill.
oneoldhat almost 9 years ago
drdon1 i wrote and emailed my congressman and both senators to ask them to stop the bailouts [ wrote me and told me it was for my own good to bail them them out // i sent a reply for him to explain how // still awaiting a reply]