U.S. Collectors' thoughts welcome as well on question of Greek financial troubles.
DBSTrader2
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I posted the above question on the Darkside Forum, but figure many of you U.S. collectors might have some thoughts as well to add.............
- - Dave
I posted the above question on the Darkside Forum, but figure many of you U.S. collectors might have some thoughts as well to add.............
- - Dave
0
Comments
It amazes me when I see rationales about the ups and downs of the U.S. stock markets that are supposed to be tied to the Greek financial problems. All of that should have been figured into the equation already because there is no hope for Greece unless its people become rational. So far the Greeks have shown no critical thought about their situation. People have to work; people need to save and provide for at least a large part of their retirement; and they can’t expect to have someone else to totake care of them for nothing.
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
2. History shows that forcing entire countries and cultures into poverty does not end well...see the period leading up to the Second World War and the violence in Latin and South America in the 1970s and 1980s. Either the entire European continent has to work through these issues together or violence will be the ultimate result.
3. Over the long haul, gold will inevitably go up in value.
4. The US is not Greece...or Spain...or Portungal. However, we will eventually need to raise taxes, likely across the board. And this has little to do with overly generous social programs, which (except for outright fraud), the US does not offer based on any First World standard. However, the cost of fighting multiple wars over multiple decades as well as the unwillingness to collect taxes owed by the uber-wealthy has resulted in a ton of debt.
A family can't survive beyond its means for very long. Corporations can't either. Why should governments be any different?
I'm pretty disenchanted with all politicians at this point. There is almost no meaningful difference between the major political parties here in the US. They all lack the ability and will to make tough choices. Elections now are basically purchased. Re-elections are even worse. The populace is so addicted to the crack cocaine of government handouts at this point that anyone that cuts them off will never be re-elected.
<< <i>Let them leave the EU and the Euro. Good riddance. MJ >>
This is really a sensible solution. Of course it will be ruinous in the short term. Banks will collapse from runs once the public learns they'll exchange euros for less valuable Greek currency. But in the long term it will be good for the economy.
It's not like Greece is a major exporter but what they do export will be more attractive. As for the EU, Greece is a drop in the bucket (a mere 2%). The EU will be fine.
Greece should take the hit. It's doing nothing to fix things.
Lance.
<< <i>However, we will eventually need to raise taxes, likely across the board. And this has little to do with overly generous social programs, which (except for outright fraud), the US does not offer based on any First World standard. However, the cost of fighting multiple wars over multiple decades as well as the unwillingness to collect taxes owed by the uber-wealthy has resulted in a ton of debt. >>
OR we stop spending and get on a budget. The average taxpayer now responsible for $133,000 to get rid of our debt. That is INSANE. Unless we cut the spending, foreign aid and other BS that we are doing, we could be watching what could happen down the road. The generation that is in power has really screwed my generation over royally.
BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
"Got a flaming heart, can't get my fill"
Also it is a total fallacy that the poor take up most of the budget, the rich get plenty of milk from the teet they just think they deserve it more. >>
You set up so many straw man arguements that it might break a fire code.
<< <i>"Rule 6) This forum is about US Coins. If your post is not directly related to US Coins then this is the wrong forum....." >>
It's not related to any coins. This type of thread is similar to some on-going threads in the Precious Metal Forum here.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I hate how rich people say the if poor people just accepted being poor and worked a little harder (doing their bidding) the world would work better and would be more fair to the rich.
Also it is a total fallacy that the poor take up most of the budget, the rich get plenty of milk from the teet they just think they deserve it more. >>
You set up so many straw man arguements that it might break a fire code. >>
That is not the point we are making. This quote gets to the heart of the matter.
"The average taxpayer now responsible for $133,000 to get rid of our debt."
"The Wealthy" don't make enough or even have enough wealth (net worth) to sustain the level of government spending that our leaders are now authorizing. If we continue as we are, we are going to wreck the monetary system and our economy, which will be catastrophic for the poor.