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U.S. Collectors' thoughts welcome as well on question of Greek financial troubles.

DBSTrader2DBSTrader2 Posts: 3,485 ✭✭✭✭
Linky


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.............

- - Daveimage

Comments

  • BillJonesBillJones Posts: 34,125 ✭✭✭✭✭
    Greece is a prime example of country whose population has come to expect the government to give them everything for almost nothing. Its people think that overly the generous benefits that their government has promised are an “entitlement” that other countries should pay for if their government can’t. We have many people in the United States with the same mentality. The solutions for the Greeks is to accept less than they were promised, get to work to fix their own problems or have a life style like an less developed country.

    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.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • JustacommemanJustacommeman Posts: 22,850 ✭✭✭✭✭
    Let them leave the EU and the Euro. Good riddance. MJ
    Walker Proof Digital Album
    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......
  • RichRRichR Posts: 3,864 ✭✭✭✭✭
    1. Germany has benefitted greatly from the creation of the EU and the Euro...and now they have to also accept some of the downside...starting with Greece. Their banks made many bad loans and now they'll also have to pay for it.

    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.
  • BryceMBryceM Posts: 11,801 ✭✭✭✭✭
    My thoughts are pretty simple. Take your average citizen's attitude, abilities, education, innovation, and work ethic and multiply it by the number of people in your country. In Greece, the math doesn't work so well. In the US, the math is almost as bad, but so far we've been clever enough to invent ways to keep the plates spinning. Small eurozone countries lack our financial maneuvering ability. At some point, the plates in this country will come crashing down. It is the inevitable conclusion of our current course. Usually painful things like this end in some form of revolution. It usually gets violent before it gets to a new normal.

    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.
  • lkeigwinlkeigwin Posts: 16,892 ✭✭✭✭✭


    << <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.
  • The difference between us and Greece is we can print money, they cant. Thats all. Oh and maybe we will end up worse off then them.
  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭
    Greece is like our California without high tech but a more interesting history. They have come a long way since Alexander.
    Gold and silver are valuable but wisdom is priceless.
  • OperationButterOperationButter Posts: 1,672 ✭✭✭


    << <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.
    Gold is for savings. Fiat is for transactions.



    BST Transactions (as the seller): Collectall, GRANDAM, epcjimi1, wondercoin, jmski52, wheathoarder, jay1187, jdsueu, grote15, airplanenut, bigole
  • crypto79crypto79 Posts: 8,623
  • CatbertCatbert Posts: 7,249 ✭✭✭✭✭
    "Rule 6) This forum is about US Coins. If your post is not directly related to US Coins then this is the wrong forum....."
    Seated Half Society member #38
    "Got a flaming heart, can't get my fill"
  • CoinspongeCoinsponge Posts: 3,927 ✭✭✭
    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.
    Gold and silver are valuable but wisdom is priceless.
  • PerryHallPerryHall Posts: 46,288 ✭✭✭✭✭


    << <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

  • BillJonesBillJones Posts: 34,125 ✭✭✭✭✭


    << <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.
    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • Ed62Ed62 Posts: 857 ✭✭
    Is this the Fox News forum??
    Ed
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,396 ✭✭✭✭✭
    I've never submitted any Greek coins, yet. They'll have to go "Secure Plus" if I do. image

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