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rhett o rick

(55,981 posts)

105. I don't think anyone wants to "take over" Greece. They don't need to. They can

Mon Jul 13, 2015, 04:03 PM

Jul 2015

strip them of their capital and leave them like Haiti. It's capitalism at it's best or worst if you aren't one of the 0.01%. This is why it is essential that we break the strangle hold of corporations like Goldman-Sachs.

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Krugman: "Suppose you consider Tsipras an incompetent twerp..." [View all] GliderGuider Jul 2015 OP

"The European project � a project I have always praised and supported" - Good to see Krugman PoliticAverse Jul 2015 #1

Just curious, how does the praise and support of an American professor truebluegreen Jul 2015 #5

Good question. I suppose nobody important could have read his columns. n/t PoliticAverse Jul 2015 #8

Like they read his anti-austerity columns? nt truebluegreen Jul 2015 #13

Not when Greece joined in 1981. Not when the Maastricht Treaty created the idea of the Euro in 1992 muriel_volestrangler Jul 2015 #66

complete ignorance of history pscot Jul 2015 #78

Hence, you're merely assigning responsibility due to bias LanternWaste Jul 2015 #98

You mean the Nobel Prize winning economist? Gosh, nobody listens to him. Hekate Jul 2015 #10

Well, certainly in this country nobody does. truebluegreen Jul 2015 #12

Many of us listen to every word Krugman utters. Nitram Jul 2015 #69

<sigh> My point was that our fearless leaders pay no heed, truebluegreen Jul 2015 #71

Obama wanted to stimulate the economy a great deal more and made a number of attempts. Nitram Jul 2015 #73

<sigh> Obama's big stimulus package--first big move out of the gate-- truebluegreen Jul 2015 #76

<sigh> perhaps you need an anti-depressant <sigh> Nitram Jul 2015 #77

Pick whichever answer you like. truebluegreen Jul 2015 #79

I'll go for a combination of the two. Nitram Jul 2015 #81

This is a nasty post rosesaylavee Jul 2015 #95

Anyone who <sighs> before every reply is engaging in very passive agressive behavior. Nitram Jul 2015 #102

So that justifies rosesaylavee Jul 2015 #114

I did not reply with "whatever reply comes to mind." Nitram Jul 2015 #117

Not every post, only 2 out of 3 replies to you, specifically. truebluegreen Jul 2015 #115

Once I can overlook. Twice is just plain rude. Nitram Jul 2015 #118

"I wonder why that is." truebluegreen Jul 2015 #120

Obama started out by asking for something link *half* Krugman's recommendation magical thyme Jul 2015 #96

Actually, It Was The Threat Of A Senate Filibuster DallasNE Jul 2015 #108

Adverse, that's a rather silly misreading of Krugman's piece. Nitram Jul 2015 #70

supporting the European project is *not* the same a supporting the structure of the Euro magical thyme Jul 2015 #97

Excellent post. Thank you. nt truebluegreen Jul 2015 #101

Excellent post Warpy Jul 2015 #106

from what I've read, it's the same as the previous deal, with the addition of handing ove $50M euros magical thyme Jul 2015 #109

According to a speaker on the BBC TexasMommaWithAHat Jul 2015 #123

oh, god, if Krugman is depressed, I'm depressed...how awful... CTyankee Jul 2015 #2

"Insanity - doing the same thing over and over and expecting different results". n/t PoliticAverse Jul 2015 #9

I think the usual suspects who like to rail about truebluegreen Jul 2015 #3

He's right. This is looking more and more like Germany trying to undo 1945. PSPS Jul 2015 #4

A couple of weeks ago I watched Judgement at Nuremburg and saw something very CTyankee Jul 2015 #6

I have not seen it. SusanCalvin Jul 2015 #28

It was about one of the last war trials of German judges in Nazi Germany. CTyankee Jul 2015 #63

Kulture PeoViejo Jul 2015 #7

Conservatives playing power games GermanWatcher Jul 2015 #11

If there was a vote in Germany (similar to the referendum in Greece) asking whether to lend PoliticAverse Jul 2015 #14

Hmm, just my opinion... GermanWatcher Jul 2015 #15

Few understand that most of the money went to the banks, not to the Greek people. Ghost Dog Jul 2015 #90

You raise the most important aspect to this PSPS Jul 2015 #23

nope hill2016 Jul 2015 #27

You know I never said that PSPS Jul 2015 #34

first of all hill2016 Jul 2015 #37

So, you're suggesting someone take over Greece? brooklynite Jul 2015 #54

Sure, banks make Greece sulphurdunn Jul 2015 #67

I don't think anyone wants to "take over" Greece. They don't need to. They can rhett o rick Jul 2015 #105

Agreed..you can't run a cross-border 'sovereign' currency without having a cross-border sovereign Volaris Jul 2015 #55

Banks fail every month in America hack89 Jul 2015 #72

98-2 to not lend to Greece I was in Germany shortly after the last loan was given. The German people stevenleser Jul 2015 #32

Poll numbers support new loans GermanWatcher Jul 2015 #110

Link please. I don't believe that at all. nt stevenleser Jul 2015 #121

Very well said malaise Jul 2015 #16

If only its death throes weren't dragging us all down... GermanWatcher Jul 2015 #17

only hill2016 Jul 2015 #39

Check your debts to China and then use your brain n/t malaise Jul 2015 #45

the US has never defaulted on its debt obligations hill2016 Jul 2015 #47

If the U.S. does default someday, it most likely will be on the Social Security fund as bondholders lostnfound Jul 2015 #64

+ 1,000,000,000 What You Said !!! WillyT Jul 2015 #80

No austerity for Goldman Sachs, it got bailed out via the backdoor of the AIG bailout. n/t PoliticAverse Jul 2015 #112

The US has defaulted a few times in its history. PoliticAverse Jul 2015 #111

You have sovereignty only if you have a viable economy metalbot Jul 2015 #65

This is correct. Implementation requires time as well as will. Ghost Dog Jul 2015 #91

This message was self-deleted by its author passiveporcupine Jul 2015 #26

Not sure why Krugman ever expected bankers to think outside the box. randome Jul 2015 #18

Will Germany try to block a recovery? salib Jul 2015 #19

Krugman never asked the hard question: Why should EU taxpayers pay for Greek spending? FLPanhandle Jul 2015 #20

Suspicious timing GermanWatcher Jul 2015 #21

Welcome to DU. Your posts have been informative.. snagglepuss Jul 2015 #24

Would you expect German bankers to hold onto their bonds with a near certainty of losing money? randome Jul 2015 #25

Good presentation of the right wing spin... kristopher Jul 2015 #22

Whatever you call it, these deals have to be sold domestically BeyondGeography Jul 2015 #85

I noticed that hill2016 Jul 2015 #29

...... daleanime Jul 2015 #31

The US isn't a member of the EU. herding cats Jul 2015 #35

you sure? hill2016 Jul 2015 #40

The EU? herding cats Jul 2015 #43

nope hill2016 Jul 2015 #46

Really? herding cats Jul 2015 #50

they hill2016 Jul 2015 #51

I don't understand what you're saying. herding cats Jul 2015 #53

Why should the US loan money to Greece? Travis_0004 Jul 2015 #84

Tsipras has been in repeated phone contact with US Treasury Secretary Lew. I wonder how PoliticAverse Jul 2015 #42

Oh, you know, it's complicated. herding cats Jul 2015 #48

We have our own awoke_in_2003 Jul 2015 #94

K&R..... daleanime Jul 2015 #30

It is not just Germany, even though sadoldgirl Jul 2015 #33

^^^YUP ^^^ LittleGirl Jul 2015 #56

The Euro isn't a bad idea on paper. moondust Jul 2015 #62

I guess Mario Draghi and Darth Schauble got into quite an argument. roamer65 Jul 2015 #36

This from Robert Reich: Ccarmona Jul 2015 #38

Thank you for posting this. Ilsa Jul 2015 #82

+ 1,000,000,000 What You Said !!! - Thank You !!! WillyT Jul 2015 #83

While the banks do have blame that was a deal they made with the Greek government Lee-Lee Jul 2015 #100

The "Greek government" that cooked the books and made the deals truebluegreen Jul 2015 #104

Nope Lee-Lee Jul 2015 #122

Got it. 'Nuff said. truebluegreen Jul 2015 #128

Crime and fraud should have consequences Lee-Lee Jul 2015 #129

my solution rdking647 Jul 2015 #41

except hill2016 Jul 2015 #44

it depends who the banks creditors are rdking647 Jul 2015 #57

the creditors hill2016 Jul 2015 #59

In other words: Grexit, okay sadoldgirl Jul 2015 #49

Unilateral action like that would get them thrown out of the EU muriel_volestrangler Jul 2015 #68

Do you think rich Greeks have their money in Greek banks? hack89 Jul 2015 #74

All ordinary Greeks with any savings have them in Greeek banks. Nitram Jul 2015 #103

Right but that's not what that person asked. Do you think Greek 1%'ers have their money in Greek stevenleser Jul 2015 #119

sorry, I overlooked the word "rich". Nitram Jul 2015 #127

The 1% took their money out of the Greek banks ages ago. Rex Jul 2015 #125

Wow MFrohike Jul 2015 #52

Who is behind the curve? BillZBubb Jul 2015 #58

Heh MFrohike Jul 2015 #60

Well, by the same token, Ghost Dog Jul 2015 #92

Maybe not quite that far MFrohike Jul 2015 #113

Can Greece pull off a successful exit? Will Germany try to block a recovery? DFW Jul 2015 #61

HUGE K & R !!! - THANK YOU !!! WillyT Jul 2015 #75

here's my read, and yes, the economics are quite secondary -- unblock Jul 2015 #86

Good analysis. But I'd add in a strong measure of punitive intent as well GliderGuider Jul 2015 #87

indeed. unblock Jul 2015 #88

That's it right there. Rex Jul 2015 #126

I thought Krugman was in favor of the coup a week or so ago Doctor_J Jul 2015 #89

The unwillingness of the Greek government to govern is a large part of the problem Babel_17 Jul 2015 #93

K & R Dont call me Shirley Jul 2015 #99

Maybe the "European Union" PATRICK Jul 2015 #107

K&R. Thanks for posting. JDPriestly Jul 2015 #116

All countries should now be wary of the multinational investment vulture. Rex Jul 2015 #124