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Economy

dixiegrrrrl

(60,010 posts)

13. I keep thinking of that old saying...

Reply to mother earth (Reply #8)

Mon Jun 29, 2015, 11:56 PM

Jun 2015

If a man owes the bank 1,000 and cannot pay, then he has a problem
but if he owes the bank a million dollars, and cannot pay, then the bank has a problem.

Greece owes something like 700 BILLION .
Exactly who has the problem?

Quite a few banks...none of whom want to write such huge losses on the debit side of their make believe ledgers.

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16 replies

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Highlight:

Greece in shock as banks shut after snap referendum call (Referendum date: July 5th) [View all] mother earth Jun 2015 OP

Profits>people. daleanime Jun 2015 #1

In spite of the fact that it looks like Greece is out of the EU or soon may be, I still believe they mother earth Jun 2015 #2

It's too easy to paint people as villains... daleanime Jun 2015 #4

We should beware, because the poison is global, look what's happened here with too big to jails, mother earth Jun 2015 #6

Amen..... daleanime Jun 2015 #9

in a TPP run world corporations and profits rule human beings of any nationality nt msongs Jun 2015 #3

Exactly. nt mother earth Jun 2015 #7

"Stunned and in shock"....really? dixiegrrrrl Jun 2015 #5

My shock comes after even KNOWING all of what you say, the Troika is hell bent on putting all of mother earth Jun 2015 #8

I keep thinking of that old saying... dixiegrrrrl Jun 2015 #13

Yes. Michael Hudson has said, "Debt that cannot be paid, will not be paid." What they are really mother earth Jun 2015 #14

Banks will be bailed IN, actually. dixiegrrrrl Jun 2015 #15

I am familiar with it, worst than bailouts really, I follow Ellen Brown, yes people who don't mother earth Jun 2015 #16

Apparently you thought they should keep Greece "under the tent". mother earth Jun 2015 #10

heh...... dixiegrrrrl Jun 2015 #11

Bad dixie, bad, bad, bad. mother earth Jun 2015 #12