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Posted: Mon Jun 29, 2015 9:49 am
by Vince
They are pretty much a 3rd world country. In order to try to get businesses to report their sales they implemented a lottery where every receipt from businesses has to have a lotto number from the government and they have a monthly drawing. An effort to get the customers to help them police. We have a few stores there.
Posted: Mon Jun 29, 2015 10:23 am
by Malcolm
In June, Puerto Rico hired Steven W. Rhodes, the retired federal judge who oversaw Detroit’s bankruptcy case, as an adviser. The government is also consulting with a group of bankers from Citigroup who advised Detroit on a $1.5 billion debt exchange with certain creditors.
Posted: Mon Jun 29, 2015 11:10 am
by TheCatt
GORDON wrote: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.
That's not out of nowhere. PR has been on the map for a couple of years.
Posted: Sun Jul 05, 2015 5:02 pm
by TheCatt
Posted: Sun Jul 05, 2015 7:42 pm
by Malcolm
More than 60% heeded left-wing Prime Minister Alexis Tsipras' call to vote "no." He hopes to force Europe to hand over more money with less austerity attached, and cancel some of Greece's enormous debt.
Thousands of Greeks celebrated in the streets of Athens after the vote on Sunday.
I guess that sounds better than "thousands of Greeks inexplicably took to the streets to celebrate their impending economic suffocation and stagnation."
But many Greeks have had enough of years of cuts to wages and pensions. They would rather reclaim control of their economy by leaving the eurozone and returning to the drachma.
Because someone needs to give the Zimbabwean dollar a run for its money. *** rimshot *** But seriously, does it matter if they're in or out of the EU? Who's going to loan them more?
Edited By Malcolm on 1436139882
Posted: Sun Jul 05, 2015 7:53 pm
by Vince
Those bastards
Posted: Sun Jul 05, 2015 8:08 pm
by GORDON
It's weird that the entitled/no accountability/Millennial generation happened in Greece, too.
Posted: Sun Jul 05, 2015 9:42 pm
by Malcolm
GORDON wrote:It's weird that the entitled/no accountability/Millennial generation happened in Greece, too.
Europe has been an entitlement continent for some time now. Greece just ran out of cash first. Only took them a couple centuries. Not bad pacing.
Edited By Malcolm on 1436147002
Posted: Sun Jul 05, 2015 10:20 pm
by GORDON
And I like how the place gets thousand of Muslim African refugees every day.
The wife wants to vacation in Europe..... I told her the only place I'd consider is Germany, specifically Bavaria. The rest of it is crawling.
Posted: Sun Jul 05, 2015 11:40 pm
by Malcolm
Switzerland. Only because everyone owns a rifle.
Posted: Mon Jul 06, 2015 1:42 am
by Troy
I really like Amsterdam and most cities in Germany.
Edited By Troy on 1436161405
Posted: Mon Jul 06, 2015 2:02 am
by Alhazad
TheCatt wrote:Stay away from PayPal.
Why?
Posted: Mon Jul 06, 2015 8:27 am
by TheCatt
Alhazad wrote:TheCatt wrote:Stay away from PayPal.
Why?
Various horror stories of people having their money frozen, etc.
Posted: Mon Jul 06, 2015 1:14 pm
by Leisher
Think is all just a clever way for Greece to get the whole world to do anal.
Posted: Mon Jul 06, 2015 3:39 pm
by Malcolm
Or not.
In a move sure to increase pressure on Greece’s flailing banks, the European Central Bank on Monday decided not to expand an emergency assistance program, raising fears that Greece could soon go completely bankrupt.
The move put a swift crimp on Greek leaders’ jubilation after winning a landslide endorsement from their citizens to reject Europe’s austerity demands and seek a new bailout bargain. Now they must seek a bargain before the money runs out within days, which would likely force them off the euro.
Posted: Mon Jul 06, 2015 4:30 pm
by TheCatt
F U Greece.
I still think a deal will be worked out, but I also think a deal should not be worked out.
Posted: Mon Jul 06, 2015 6:14 pm
by TheCatt
Edited By TheCatt on 1436220882
Posted: Tue Jul 07, 2015 10:26 am
by Vince
TheCatt wrote:F U Greece.
I still think a deal will be worked out, but I also think a deal should not be worked out.
I think they'll get it worked out, but I don't think in the long run it will matter. I think all of this is like the story of the boy plugging the dike. So they'll work it out and delay the flood that's coming.
Posted: Tue Jul 07, 2015 10:27 am
by GORDON
Do you get the impression Greece doesn't even care, they figure they can get unlimited money from the EU and they know it?
Posted: Tue Jul 07, 2015 10:33 am
by Vince
Honestly I think they're suffering from a normalcy bias. They think it will all work out somehow and no one will have to feel any pain to make it happen. Most everyone that was alive and old enough to remember the great depression is dead. No one understands from experience how bad things can get. I think most people are relating to their personal experience and the worst they've even lived through was a downturn that lasted a year or two and they were unemployed for a while, but the government services were still there.
I don't think most people can comprehend the government safety net being gone as well.