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Leisher Search for posts by this member.
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PostIcon Posted on: Feb. 21 2012,06:19  Skip to the next post in this topic. Ignore posts   QUOTE
Another 170B in bailouts.

Seriously, how long can they keep throwing free money at Greece hoping the problem goes away?

A long term solution means Greece has to dump their socialist policies, and the residents of Greece need to understand they might actually have to work for a living. Vacations aren't jobs...
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PostIcon Posted on: Feb. 21 2012,06:33 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Leonidas would be ashamed.

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PostIcon Posted on: Feb. 21 2012,06:33 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Yeah, they've already done the socialist policy dumping... that's what all the riots are about.  The bailouts are all contingent upon the end of their policies.

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PostIcon Posted on: Feb. 21 2012,08:14 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Socialism can work as long as the right people are in charge, and other people are willing to bail them out forever.

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PostIcon Posted on: Feb. 21 2012,09:26 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Socialism can work forever only with infinite resources, or with access to a more dynamic free economy to suckle off of.

It can never be efficient enough to produce the access materials required to sustain itself otherwise.

Edited by TPRJones on Feb. 21 2012,09:27

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PostIcon Posted on: Feb. 21 2012,10:52 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
And you need full participation so up go the walls and barbed wire and gulags to keep people in.

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PostIcon Posted on: Jun. 28 2015,14:43 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Banks closed tomorrow.

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PostIcon Posted on: Jun. 28 2015,14:51 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
I wonder how they keep the entire country from just using Paypal as a bank.

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PostIcon Posted on: Jun. 28 2015,15:45 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
The official currency of Greece: bitcoin.

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"Other dogs bite only their enemies, whereas I bite also my friends in order to save them."

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PostIcon Posted on: Jun. 28 2015,15:58 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Seriously, though.  Greece would seem to be prime for the paypal people to do a PR blitz about how THEIR bank wont be stealing your drachmas.  

I'm sure their government probably has a law against using foreign banks or something.

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PostIcon Posted on: Jun. 28 2015,17:09 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Greece is pissing me off.  They were supposed to play nice for another 6 months or so.
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PostIcon Posted on: Jun. 28 2015,17:14 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Bah.  This is comedy gold.  If the British hasn't stolen all their artifacts, they could've sold them off.

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PostIcon Posted on: Jun. 28 2015,17:15 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(Vince @ Jun. 28 2015,20:09)
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Greece is pissing me off.  They were supposed to play nice for another 6 months or so.

I think you're safe.  It'll be at least 3 months or so before anything domino effects, if that's going to happen.

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PostIcon Posted on: Jun. 28 2015,19:10 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
That makes me safe to get my house on the market.  But right now the average time on the market for houses in my neighborhood is just over 100 days.  So I want them to play nice for 6 months.
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PostIcon Posted on: Jun. 28 2015,19:42 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
I don't think Greece is going to hit the US very hard.  I wouldn't worry about it, Vince.

Even if the entire Greek economy disappeared, that's only 2% of the entire European GDP.

Gordon -> Paypal isn't a bank.  And it doesn't want to be one.  

But I agree with Malcolm, this is a nice PR scene for bitcoin.

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PostIcon Posted on: Jun. 28 2015,19:43 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Here's the market reaction so far.  Not so massive:
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Asian markets quickly entered negative territory on Monday, led by Japan's benchmark Nikkei index, which dropped 2.4% in the first few minutes of trading.
Australia ASX All Ordinaries was down nearly 2%, while Seoul's KOSPI Composite lost 1.6% at the open.
The euro tumbled against other major currencies, losing 2% against the Japanese yen and 1.3% against the dollar.
In the U.S., stock futures were pointing to a sharply lower open on Monday, with major indexes heading for losses of 1.3% to 1.5%.

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PostIcon Posted on: Jun. 28 2015,19:45 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(TheCatt @ Jun. 28 2015,22:42)
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Gordon -> Paypal isn't a bank.  And it doesn't want to be one.  

They keep sending me emails telling me to get an account with an interest rate.  Maybe I should pay better attention to see what the hell they are talking about.  I use paypal so infrequently that I let their shit go to spam, and only check my spam folder when I send money, so I haven't read those solicitation emails for a while.

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PostIcon Posted on: Jun. 28 2015,19:56 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
Stay away from PayPal.

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PostIcon Posted on: Jun. 28 2015,20:08 Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(TheCatt @ Jun. 28 2015,21:42)
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I don't think Greece is going to hit the US very hard.  I wouldn't worry about it, Vince.

Even if the entire Greek economy disappeared, that's only 2% of the entire European GDP.

Greece by itself I'm not too worried about.  There's talk of a possible domino effect in the EU.  But I don't know.  Guess we might see soon enough.
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PostIcon Posted on: Jun. 29 2015,06:07 Skip to the previous post in this topic.  Ignore posts   QUOTE
Puerto Rico comes out of nowhere with an unpayable debt.  Vince's plan get a little shakier.

http://www.nytimes.com/2015....le.html

Makes me think there are some rich ass mother fuckers in PR.  $72 billion in debt for a country of 3.6 million people.  That's some impressive corruption.

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