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INSMNCS: John Cain


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For Greece, I think they figure that going totally bankrupt will get them a better deal than to tighten their belts now and pay everything off. Sort of like having the bank take your car and you walk rather than keep paying every month for the next 5 years. They have a history of failing to keep up with their debt payments. See how it goes. Every investor in the world is holding at least some of that debt.

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The concern in the Eurozone (and the rest of the Western market) is that Greece's failure will have a cascade effect on other struggling European countries. Greece knows this and is using it as a powerful bargaining chip for a favorable bailout agreement rather than out and out default. Kind of like refinancing their debt rather than simply walking away. Dangerous game though, when you consider the amount of government debt there is in the global market. House of cards.

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Well said, but I actually think it's the other way around. They have a two door now, but no gas to run it, so they think going back to a 68 will solve the problem. How could the cradle of Western Civilization and the concept of rational thought come up with this shit? Maybe it's social devolution caused by the mythology that everyone acting in their own best interests is somehow benefiting the collective good. Communism is F'ed, socialism, and Capitalism F'ed... So now what? Fuckthisshitism?

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Well said, but I actually think it's the other way around. They have a two door now, but no gas to run it, so they think going back to a 68 will solve the problem. How could the cradle of Western Civilization and the concept of rational thought come up with this shit? Maybe it's social devolution caused by the mythology that everyone acting in their own best interests is somehow benefiting the collective good. Communism is F'ed, socialism, and Capitalism F'ed... So now what? Fuckthisshitism?

" Maybe it's social devolution caused by the mythology that everyone acting in their own best interests is somehow benefiting the collective good"

Don't get me started but YES this

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It's simpler than people think but at the same time an inconvenient truth, when you create a huge welfare state thus making an environment of more takers than givers, it simply becomes unsustainable followed by collapse, you simply CANNOT spend your way out of debt, we (USA) aren't far behind, folks!!!

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Why can't I buy cigarettes and energy drinks with my welfare card... it's MY MONEY. I guess I'll have to deposit my unemployment check after my Obamacare doctors appointment.

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