Greece - A New Hope
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Guest, did you like the last podcast notification?? Well here's the second one, and for the third podcast! Yep. This Thursday 8-8-24 at 7pm Central
Go here to check out his podcast thread for info on topics and links!Go into the FoH discord and find the Happy Time Fun Hour channel and give it a listen!
Mist
REEEEeyore
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That sounds familiar. The financial sector is truly a cancer on the world. If you watch the Harvey video, it mentions this very same point above -- about how capitalismneversolves its problems; it just moves them around.
Greece is doing exactly what they should do. They should go a step further like Iceland and jail the financiers for fraud when they step foot in Greece.
It looks like a deal is in the works. The Greeks get some debt relief and refinancing, while the creditors get an even tougher bout of Greek austerity than the Greeks rejected in their referendum just days ago.
The IMF's Olivier Blanchard has made an interesting post about what went wrong with the attempts to solve Greece's problems:
The IMF's Olivier Blanchard has made an interesting post about what went wrong with the attempts to solve Greece's problems:
Greece: Past Critiques and the Path Forward | iMFdirect - The IMF Blog
General Antony
Vyemm Raider
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What a bunch of fucking pussies, utter capitulation to the EU is in the works.
Fucking blueballed us for 6 months with thoughts that they might bring chaos to the region. Just eat the dick immediately if that's what you were going to do in the first place.
Fucking blueballed us for 6 months with thoughts that they might bring chaos to the region. Just eat the dick immediately if that's what you were going to do in the first place.
khorum
Murder Apologist
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I blame Nigel Farage. Just couldn't contain his raging hardon for eurogeddon and he just HAD to tweet some backhanded support for the Greeks. Some whitehouse staffers actually retweeted that shit and I'm sure it supported Obama's decision to lean on Merkel.
An earlier Grexit would've made next year's UK referendum on the EU much a slam-dunk. The Greeks will still fail at being a real economy though, not because of some flawed deal but because they're really institutionally undisciplined. Guess the British eurosceptics will just have to actually campaign now.
Who knows, maybe the older cadre in Syriza's politburo will shoot down the austerity package, insufficient as it is.
An earlier Grexit would've made next year's UK referendum on the EU much a slam-dunk. The Greeks will still fail at being a real economy though, not because of some flawed deal but because they're really institutionally undisciplined. Guess the British eurosceptics will just have to actually campaign now.
Who knows, maybe the older cadre in Syriza's politburo will shoot down the austerity package, insufficient as it is.
Who knows. I'm guessing they did it to force the Eu's hand thinking they'd back down and realized no one gave a shit. So now they are scrambling for a last minute appeal with all the same things they said they didn't want and more because they realize they are fucked.
Gavinmad
Mr. Poopybutthole
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Do you ever get tired of posting irrelevant images all the time, out of interest?
khorum
Murder Apologist
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How would that prove me wrong when I've mentioned it before? The Greeks work longer because their economy is filled with more self-employed individuals than anyone else in the EU. Of those, more than three quarters are in TOURISM or hospitality, low-productivity jobs with longer but more relaxed hours than export-driven manufacturing or knowledge service jobs:
Even then, the reason there's so much self-employment is because DECLARING to be self-employed is a well-known tax loopholeempowered by Greek banks themselves:
At MINIMUM the Greek state is missing out on 28 billion euros in revenue due to tax fraud enabled by its own government. That's four times the amount of the last bailout and fourteen times the amount they defaulted on the IMF for.
Even then, the reason there's so much self-employment is because DECLARING to be self-employed is a well-known tax loopholeempowered by Greek banks themselves:
That's institutional dysfunction that is so ubiquitous that it's not recognized as a dysfunction among the Greeks at all. It's just how everyone evades taxes because civic discipline and austerity is for teutonic fascists.UCB/UC Study_sl said:
At MINIMUM the Greek state is missing out on 28 billion euros in revenue due to tax fraud enabled by its own government. That's four times the amount of the last bailout and fourteen times the amount they defaulted on the IMF for.
Here I thought the birthplace of democracy was to be the place to fight for it once more, since America obviously doesn't. Alas.
AladainAF
Best Rabbit
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My CPA actually mentioned all the credit card reward programs, and loyalty programs (like frequent flyer miles) are next on the list, as that is technically debt forgiveness, which the IRS already taxes. The reward and loyalty programs are simply loopholes. Technically, you should pay taxes on them already, but no one does. Again, is why it's next on the enforcement list, so to speak.
edit: clariifcation
khorum
Murder Apologist
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Well there'sone thing we aren't taxingthat would net almost $14 billion annually if we did.
Think of all the al-Shifa's we could be building then bombing with that much money.
Think of all the al-Shifa's we could be building then bombing with that much money.
Lithose
Buzzfeed Editor
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Ever get tired of not understanding what words mean? Working longer is an absolutely meaningless statistic. If you mark down you work 16 hours per day, yet accomplish nothing, your economy will still shit the bed. The Greeks, from a productivity stand point,are about half as productive as the U.S. While Germany and France come in at around 90% of what the U.S. does.
When Khorum says institutionally undisciplined, he isn't stating they are lazy--but rather there are factors severely hampering their productivity due toinstitutionaldeficiencies (As well as differences in market focus, and job requirements). This comes from corruption, over regulation (or under), lack of technology, laziness (Can be an aspect) and can even extend to things like the type of market (But usually technology, and efficiency play a huge part...). The fact is, while say the Germans work less? They get a shit ton more done per hour because their countries institutions, like their corporate governance, infrastructure, permit/regulation controls. technology and other factors do notsuck ass.
Greece, on the other hand, is pretty much shit in all those fields. So they produce a lot less, even when equalizing for purchasing power.
Lithose
Buzzfeed Editor
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Well, us Mediterranean types, Italians and Greeks? We only recently became white, so we're still getting used to theprivilege. It's like the Irish, up until 70 years ago the WASP white people essentially saw us as European Mexicans. I guess the Greeks haven't gotten the memo that they are now white, and not a species of brown person, and thus can't work really long hours and make very little anymore (You know, bad for the white people image).