General Discussion

Zalatix

(8,994 posts)

67. Lose their homes to whom? The banks holding the debt will collapse.

Reply to cthulu2016 (Reply #65)

Thu May 17, 2012, 01:03 PM

May 2012

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Go, Greece! A run on the banks is in progress in Greece. [View all] Zalatix May 2012 OP

This is so sad for the people. It isn't right that politicans got them in this mess. southernyankeebelle May 2012 #1

We're not nearly as bad, but just like here...we/they voted them in. demosincebirth May 2012 #3

They lie like hell and take big money and the people get screwed. I sure hope our Politicans are southernyankeebelle May 2012 #10

Let's not forget the bankster's role in this. Zorra May 2012 #111

Yes am disappointed that Obama hasn't done anything to really stop what is going on. southernyankeebelle May 2012 #114

The politicians are favored by the billionaire criminals that really run things. Initech May 2012 #112

Yes I got a call wanting a donation for dems. I gave him a piece of my mind. southernyankeebelle May 2012 #113

NICE!! Make the rich pay their fair share and even more....but just not just fair uponit7771 May 2012 #2

A run on the banks is what caused the Great Depression here. Honeycombe8 May 2012 #4

question FirstLight May 2012 #5

Yes, it would result in hyperinflation. The rich REALLY get soaked then. Zalatix May 2012 #11

the rich will survive just fine. the poor will starve. yay! we won!1!!1! dionysus May 2012 #17

The rich would not survive when their money is utterly worthless. Zalatix May 2012 #20

Those farms will be guarded compounds for the rich who owns them... Maine23 May 2012 #25

Uh, how would the rich enforce their ownership of said farmland? Zalatix May 2012 #28

the smart rich will have divested a long while ago. Javaman May 2012 #46

A run on the banks is a terrifying thing, but not as terrifying as Germany's austerity plan. Zalatix May 2012 #56

which is fine... Javaman May 2012 #78

Since few people are clear on where I stand, see the updated OP. Zalatix May 2012 #94

Argentina took out (and re-payed) a $12 billion loan from the IMF hack89 May 2012 #101

How will they pay the guards? aquart May 2012 #86

they own the land, and they'll shelter their money. you're being naive. dionysus May 2012 #26

And how will they enforce their ownership when the money is rendered worthless? Zalatix May 2012 #30

other currencies? dionysus May 2012 #31

To pay the police with? Good luck with that! Zalatix May 2012 #32

you can buy a lot of private security with US dollars. jesus christ dionysus May 2012 #33

Like I said, good luck with that. When the farmers go on strike the Plutocrats can eat US dollars! Zalatix May 2012 #35

enjoy that fantasy. dionysus May 2012 #36

The rich surviving hyperinflation? Now THAT is a fantasy. Zalatix May 2012 #38

I don't think the rich need to worry about hyperinflation, as they can (and have) indeed, stopped it LanternWaste May 2012 #59

Stopping it from happening is more plausible. Zalatix May 2012 #64

The most extreme example of hyperinflation was Germany after WW1 LeftishBrit May 2012 #91

The ultra wealthy are the very ones most likely to own gardens and farms! LeftishBrit May 2012 #89

They'd be vulnerable to having their land seized in that kind of chaos. Zalatix May 2012 #97

Greece can't feed itself. What would seizing someone's estate solve? Nuclear Unicorn May 2012 #109

I don't know. But unless you have more than $150k, there's no reason to pull your $ out. Honeycombe8 May 2012 #21

Technicality, but current FDIC limit is $250K - n/t coalition_unwilling May 2012 #107

FDIC is almost broke, actually. Can't cover all banks at all. dixiegrrrrl May 2012 #61

The issue here isn't insurance, but devaluation n2doc May 2012 #52

Exactly. dixiegrrrrl May 2012 #63

I think you mean pre-1982 pennies Art_from_Ark May 2012 #95

A run on the banks in the early 30s did not cause the Great Depression here. Simply coalition_unwilling May 2012 #106

OMG "Tyler Durden"! NYC_SKP May 2012 #6

Well, now you know where he went! KansDem May 2012 #7

YOU nuked Tyler?!?!? dionysus May 2012 #16

"we" nuked him... NYC_SKP May 2012 #19

damn i hope you guys threw out your file on me... dionysus May 2012 #27

Tyler Durden is the guy in Fight Club cthulu2016 May 2012 #58

People are rushing to get Euros out of the banks in anticipation that Greece will be returning PoliticAverse May 2012 #8

I suspect "the plutocracy" banks elsewhere. n/t bhikkhu May 2012 #9

They may also be forced to reside elsewhere. Zalatix May 2012 #12

if only we could herd all of the troublemakers onto one small island... glinda May 2012 #13

Then declare them terrorists. LOL. Zalatix May 2012 #14

+1 glinda May 2012 #45

you're cheering on a whole lot of misery coming up. foolish. dionysus May 2012 #15

No. This is the beginning of the end of a whole lot of misery. girl gone mad May 2012 #41

from one misery to another. Javaman May 2012 #47

They are already one step ahead of you. girl gone mad May 2012 #73

This has all the ingredients for an anarcho-mutualist uprising Taverner May 2012 #18

A anarcho-mutualist uprising is not much better then a fascist uprising... Maine23 May 2012 #23

It's better than a Plutonomy. Zalatix May 2012 #24

It's an opportunity, but it could also be a curse Taverner May 2012 #50

Followed by either a facist dictatorship or a dictator of the proletariat, depending. FarCenter May 2012 #57

Well... Have You Seen This ??? WillyT May 2012 #22

Damage control. It'll fail just like it has before. Zalatix May 2012 #29

Germany's getting all the flight capital? Bloody hell! aquart May 2012 #88

Are you actually cheering for misery for the people of Greece? blue neen May 2012 #34

There's even more grief for the people of Greece if they let austerity win. Zalatix May 2012 #37

So, that makes it okay to cheerlead in your OP for their misery now? blue neen May 2012 #42

Austerity is a cancer upon Greece. What is going on now is chemotherapy. Zalatix May 2012 #43

That is a really horrible analogy. Javaman May 2012 #48

Seriously, you need some perspective here. Zalatix May 2012 #55

I have plenty of perspective., thank you... Javaman May 2012 #72

Greek people are already starving... girl gone mad May 2012 #74

Where did I say everything was just "peachy"? Javaman May 2012 #75

And yet you cheer for more austerity? girl gone mad May 2012 #82

So now instead of calling me clueless you put words in my mouth... Javaman May 2012 #84

Greece did not cook its books to gain entry into the EU. girl gone mad May 2012 #90

Here... Javaman May 2012 #103

Sorry to break it to you, but Greece is getting austerity no matter what. Dreamer Tatum May 2012 #51

Austerity is a given at this point,it won't just be the rich who suffer. sufrommich May 2012 #60

What a ridiculous argument. The people are going to suffer regardless. Zalatix May 2012 #66

The rich buy airplane tickets when the going gets tough. sufrommich May 2012 #80

You mean they'll LEAVE? And hopefully never come back? Zalatix May 2012 #93

The US recovered so fast after World War II because Art_from_Ark May 2012 #98

he's too naive to comprehend what he's cheering for. i think he means well. dionysus May 2012 #39

You're too naive to understand that things will actually be WORSE if austerity wins. Zalatix May 2012 #40

i'm not saying austerity will win, or should win. what i object to, is that you're treating this dionysus May 2012 #44

+1000 nt Javaman May 2012 #49

A game? I haven't portrayed it as anything of the sort. Zalatix May 2012 #54

You're cheerleading an impending Great Depression for Greece. it's exactly what you're doing. dionysus May 2012 #85

"there's going to be a lot of misery, pain, maybe even some violence and death" girl gone mad May 2012 #77

Austerity has already won, unless you have plans to start sending money to Greece, and... Dreamer Tatum May 2012 #53

For the thousandth time, at least this way the rich don't get away with it. Zalatix May 2012 #69

When Greece Returns to the Drachma, It Will Be A Good Thing Yavin4 May 2012 #62

That's an odd prognosis cthulu2016 May 2012 #65

Lose their homes to whom? The banks holding the debt will collapse. Zalatix May 2012 #67

And what will it do to all those imports, starting with gas and oil? hack89 May 2012 #68

It'll force them to choose an alternative renewable energy. Zalatix May 2012 #70

Really? So where will Greece get the capital to completely rebuild their energy infrastructure? hack89 May 2012 #76

The same place every other sovereign currency regime gets its capital. girl gone mad May 2012 #81

Only if all the technology is designed and made in Greece. hack89 May 2012 #83

Greece can increase trade.. girl gone mad May 2012 #87

Devaluing your country's currency never works. Zalatix May 2012 #92

You neglect to mention capital controls, progressive taxes and austerity measures hack89 May 2012 #99

Many people in Europe believe the return to Drachma will take Greece to Civil War.. Londoncalling May 2012 #71

Finally, someone on DU with a little common sense. girl gone mad May 2012 #79

No shit... is this fascist free-market underground now? fascisthunter May 2012 #96

A de-valued currency (or high inflation) is really not such a bad thing, provided you coalition_unwilling May 2012 #108

nobody vacations in a place without police or public sanitation Nuclear Unicorn May 2012 #110

Solidarity with the people of Greece. nt TBF May 2012 #100

Bank runs are never a good thing GoneOffShore May 2012 #102

+1000 nt Javaman May 2012 #104

Here you go... Javaman May 2012 #105