My Big Fat Greek Bankruptancy.

And the alternative would be... what?

Default? That would be better, but most European leaders refuse to consider it.

Other than that, I don't really see any options for them. Things are this bad because of the state they're in, not because their solution is wrong.

Greek authorities are touting billions of euros worth of government-owned land in order to finance international bailout loans totaling $227 billion over the next few years.

So, the Greek government is SELLING government-owned land to cover IMF, et al, bail outs which means their AUSTERITY PROGRAM has not, nor will, worked and will lead to total and complete DEFAULT on it's bailouts.

Now, I wonder why the Obama Administration is buying up as much land as possible and so quickly under the guise as "Land Protection", "Environmental Protection" or "Wilderness Protection".

Congress today approved a massive public lands bill that protects two million acres of wilderness in nine states and a thousand miles of rivers, a 50 percent increase in the wild and scenic river system. It establishes new national trails, national parks and a new national monument and provides legal status for the National Landscape Conservation System, which will protect some of the country's most spectacular landscapes.

http://www.ens-newswire.com/ens/mar2009/2009-03-25-01.asp

Yep, someone in this administration loves the European [Greek] way of doing business.

The United States is in line to get our country foreclosed upon, just like what’s happening to the European countries. The entire banking system is corrupt and rigged. They bankrupt a country and buy it back up for pennies on the dollar.

I think most people have figured out that Wall Street is one of the most corrupt and ethically deprived institutions on our planet. I think most people also know the media is bought and sold just like most politicians. We also know that Wall Street is one of many tools of the elite but not the main tool. What is very clear is that our financial system has an architect and carefully designed plan that is playing itself out in Europe.

The International Monetary Fund (IMF) is very brazen in its fear mongering that we have lost a decade economically. Especially since the IMF has been one of the biggest contributors to perpetuating the instability of the European crisis. The dominoes are beginning to fall in what is an orchestrated attempt by the banksters to consolidate Europe and eventually the rest of the world’s economies under one umbrella that is to be controlled by those that have always controlled currency and money. The most egregious aspect of this contrived extortion is that they are blaming the people who are the backbone of any economy instead of their greedy corrupt political and business leaders.

George Papandreou was pressured to quit because he lapsed into a morally and ethical responsible position by trying to give the people of Greece a say in their economic future through a referendum. This vote would have given the Greek people the choice to stay in the Euro zone and allow their country to be foreclosed upon by the banksters or leave the Euro regain their sovereignty and coin their own currency once again. The IMF bullied the smallest country as a litmus test for what is going to be a much more challenging foreclosure process when it comes to the larger economies. Italy is now in the cross hairs. This dilemma you are watching unfold goes to the core of the rotten apple that is the world’s financial system.

Folks, you are witnessing the death throes of a desperate corrupt financial system where the stock markets and the fractional reserve banking system are at its core. The volatility in the stock markets are a microcosm of the greed, theft and corruption that has perpetrated all aspects of our and other countries economic systems. In the United States, It doesn’t matter who’s in office. Our political system has turned into a two headed one party system with both parties serving their masters, Wall Street and the banksters/Federal Reserve. The stock market is just another ponzi scheme whose intent is to fleece the gullible at the bottom of the pyramid. The stock market is a rogue element of a financial system that is meant to funnel the wealth to the elite/banksters who soicopathically control our financial lives. It is reaching a point where there is nothing more to take from the 99% of the world. The banksters would separate you from your rainy day fund if they could gain access to your shoe box or secret compartment in your purse or wallet. The stock market isn’t the main problem; it’s the fractional reserve banking system that has set the foundation for outright theft. We are experiencing the biggest bank and investment robbery in history and the banks and financial institutions are doing the robbing. When you blame one political party or another they have you right where they want you, in fear, divided and distracted to the theft that is going on right in front of your eyes each and every second of the day.

When you have people on Wall Street day trading and speculating making half a million dollars a year in their twenties betting on people being foreclosed on, you need to ask yourself what is the true purpose of our banking system? At the moment it is largely a theft on the American public. MF Global CEO, ex Goldman Sachs CEO John Corzine knows this and knows that nobody with his connections have served any time for stealing the investor’s money (1.6 billion at last count). The financial system’s main mission should be to allocate capital to areas of greatest growth in the real world economy. Yet they allow all kinds of broker speculation and financial gimmicks such as the derivative markets which are based on non-realistic side bets which are now in the quadrillions. The derivatives market was illegal for most of the 20^th century.

The European banking crisis is a prime example of what is going to happen to all economies associated with stock market fraud and the Federal Reserve banking system. The financial strife in Greece is the model that will befall most countries. Greece is but a symptom of a cancer that has attached itself to the world’s economies. The Federal Reserve (which is neither federal nor a reserve) has been creating money (monopoly money) out of thin air and charging interest on it insuring a debtor economy for anyone who chooses or is forced to get involved with the Federal Reserve and their fractional reserve banking system. That is why this whole European or any countries current debt crisis will never be resolved and will be preyed upon by the stock market vultures. The Federal Reserve System is designed to cause economies to fail.

If someone loans you two dollars to run your economy and expects three back for the loan and interest how are you going to pay the third back? You can’t unless you borrow more dollars which puts you in perpetual debt and in a constant borrowing cycle to pay off the debt. This is designed not accidental.

Here’s the kicker, once the Federal Reserve/banksters have you struggling to pay off your interest, they send in their loan sharks the International Monetary Fund (IMF). The IMF will loan you money to cover your ever burdening interest payments but they attach a provision that if you default, you will have to give them your assets in what they call privatization (foreclosure).

Since the interest is exponential, you will default and the banksters will come in and try to foreclose on your country, like Greece. They are being told to sell off their own country to pay back the people who caused the mess to begin with. This allows the elite to steal your intrinsic valuable assets because they gave you paper (loans/debt) and the interest on the debt that is systematically impossible to pay back. This also allows the parasitic stock speculators to profit from this designed theft. They not only know the outcome of an economy, they can gamble on the economic bubbles at the investor’s expense. This cancer goes all the way down the food chain.

In the United States case, it doesn’t have to be that way. In our constitution, in Article 1, Section 8, it stipulates that we can “coin money” as a nation and avoid the Federal Reserve’s interest (fee charged on loans) black hole.

The Federal Reserve has a 100 year charter and it is up in 2013. We have to stop these banksters from gaining an extension by our corrupt paid off politicians. If we can stop the extension, our income taxes will drop dramatically! End the Fed!

So don’t be fooled that the Europeans have come to grips with their financial debt, it’s impossible, it’s a designed virus that has spread around the globe. The Europeans are now replacing their leaders with technocrats/ex Goldman Sachs banksters. These people haven’t been elected by anybody. The stock market vultures will continue to contrive “financial instruments” (credit default swaps/credit derivatives) to defraud the people of the world.

Banks, Central banks, World Bank, BIS, IMF = Federal Reserve = Debtor economies, Debtor Nations (economic slaves) and carrion for the stock market derivative heist.

Trustverify,

Daaaaammmmmmmnnnn! Is this novel available at Barnes? :P

It is not the banks or wall street, it is the idiot in chief who is spending 40% more than he takes in. If you bring home $6000/mo but spend $10,000/mo and charge the other $4,000 is that the banks fault??? Is that wall streets fault??

Get real.

Hey, Trusty!

Thanks for the daily dose of lunacy! Keep it up, man! You're the best!

i mean how much feta cheese and olives can you export?

In other words;

"Suckers wanted - Must have cash"

"Trustverify,

Daaaaammmmmmmnnnn! Is this novel available at Barnes? :P"

Check in the "Fiction" section.

Derek-3400544 "This is what the much-vaunted austerity measures get you, in the end."

Actually, this is what living on borrowed money gets you - in the end.

Are you listening, Obama?

Roy you are spot on buddy!

Amusing, Trustverify has written an excellent, albeit rather long, article, and the brainless twits who diss said article are the same ones who don't have a clue about much of anything except ridiculing what they don't understand. So sad to realize they can also vote, but, it explains a great deal about what is wrong with this country. The stupid seem to outnumber the intelligent two to one.

Are you guys listening? What if Greece goes into BK? That means the land still belong to themselves, and the creditors are left holding the bag. Unfortunately, the corporations and the investors don't want that. In turn these investors & corporations (the likes of Banks and Securities corps) are pushing the EU to squeeze as much out of Greece as possible.

It is disgusting. This is exactly why corporations are not people. It has nothing to do with debt.... You want to buy bonds or other form of investments???? THEN DON'T CRY WHEN YOUR INVESTMENTS GO UNDER!!! So why do you stand with investors? I though it has always been a case that you believe businesses are allowed to fail!!!!! Much like bad investments!!!!!

BTW, Goldman Sach who helped repackaged Greek's debt when EU got everyone aboard by going EURO... So why are people going over those repackaging??? It stinks like how GS repackaged our risky investments (property loans)... SAME PEOPLE AGAIN!!!

When the Walls come Tumblin' & Crumblin' down, and silly Americans are following in their footsteps.

http://www.youtube.com/watch?v=PErUiAyVoGc

TrustVerify,

The United States is in line to get our country foreclosed upon,

You lost me in the first sentence. There is absolutely no reason why the U.S. would have to default on anything. Nearly all our debt is denominated in dollars, and we can print as many as we want.

$15 trillion in debt? It may be an economic problem, but the debt itself can be discharged by printing a single $15 trillion Federal Reserve Note. If you think we need to make change, then print some smaller denominations. For example, the Chinese only own about a trillion dollars of our debt, so let's print a special edition $1 trillion bill just for them. We could put Chairman Mao's picture on it.

Whatever else the problems with all our debt are, possibility of default is not among them.

mygirl1,

Not to quibble, but it's closer to a ratio of one hundred to one.

And no, that's not based on arrogance or elitism, just dispassionate observation.

For Sale:

US Senate/House of Representatives office building--excellent condition and hasn't been used for decades, but is widely viewed as the world's largest brothel.

Comfortable seating for naps. Previous owner, Haliburbon/KBR, Koch Brothers Industries, and Grover Norquist.

No US Currency accepted.

Uh-huh and what happens when the Chinese bring that multi trillion dollar bill here and spend it? I also doubt Chinese economists are that dumb that they didnt tie in for inflation etc. Plus, if the U.S. started printing the big bucks we would end up like pre W.W.11 Germany; wheelbarrows of cash for a loaf of bread. Not one government in the world would do business with us ever again unless we paid in gold or something similar.

rfaber9

Uh-huh and what happens when the Chinese bring that multi trillion dollar bill here and spend it? I also doubt Chinese economists are that dumb that they didnt tie in for inflation etc. Plus, if the U.S. started printing the big bucks we would end up like pre W.W.11 Germany; wheelbarrows of cash for a loaf of bread. Not one government in the world would do business with us ever again unless we paid in gold or something similar.

Unlike German in WWI, the US has the world's most diverse food supply. In the end, shiny metal will just be shiny metal. China is only afloat because of the world's largest economy in the world, buys the goods to keep their masses fed. That is the only reason that the US currency is still valid.

“One third of Greek land is on sale,” the report quoted Panos Protopsaltis, head of the Privatization Program

Hmmm...so "privatization" is now going on in Canada AND Greece?? Obama = wrong direction + epic fail.

Sandtrich: Perhaps if you included the entire Capitol Bldg in your sale I could agree. Singling out one party for approbation while ignoring the misconduct of the other party is a mite disingenuous and one sided.

Trust Verify

Great post, but now what? The sheeple are asleep at the helm and we're headed for a rocky shore, the wolf is at the door!!

Is there any hope for a cure and if so what's the plan?

mygirl1

Sandtrich: Perhaps if you included the entire Capitol Bldg in your sale I could agree. Singling out one party for approbation while ignoring the misconduct of the other party is a mite disingenuous and one sided.

I disagree. I think that President Obama is one of the straight up guys. As for the House and Senate, I literally meant all of the House and Senate. I exempt Bernie Sanders and Ron Paul from the "crook list." I said "No work had been performed there in decades." How could that be slanted? Bad assumption, but I do think the people behind Citizen's United should be held accountable by impeachment of, at minimum, Scalia and Thomas. It sanctions criminal behavior.

Do I get my free government issue pony now?

Hey TrustVerify, Well said. We are on the same page. Thanks for the in depth explanation. Check out my short post @ 8:09.

Trustverify

Folks, you are witnessing the death throes of a desperate corrupt financial system..

NO...WAY OFF....don't you GET IT!! You're wittnessing the unaviodable collapse of a system that lets GOVERNEMENT GIVE AWAY the assets of a Nation with no accountability. GET A CLUE...OMG pathetic

SOCIALISM DOESN'T WORK.....GET A CLUE!!

There has to be a balance between total capitalism and government control.

Ya styro...it's all in the Constitution...the very doc that big Government is trying to trash right now.

When I first saw parts of Trust Verify's post months ago I couldn't imagine anything so premeditated by the IMF, however, the headline of the article speaks for itself.

I also can't quite see how a party could "forclose" upon the United States. More likely we would just continue to see an acceleration of sale of prime real estate in NYC and other places (however, not likely for example, that the government/POTUS would put the Grand Canyon up for sale?!) by the Chinese/Japanese, etc. as we continue to sell our U.S. debt to China and other countries as a debtor nation to fund our government programs.

Also, it is still unclear why to me why an entity like the IMF would wish for a "New World Order" such as the consolidation of Europe. That is a little like saying that an entity has a brain with long-term intentions; of which it may not be capable.

Greece comes under PIIGS. Just see the impact of Iraqi wars and oil price manipulations!

Repetition of Iraqi war dramas in Iran and Syria to increase oil prices by Saudis, oil companies and their lobbyists and their puppet politicians.

Slowly oil supplies from Iran are being choked. Now it is free for all and at the mercy of Saudi & co.

Wait for the oil prices to shoot up to $200 a barrel this time.

Talk about ungrateful people and backstabbers: you have the Sunni Saudi beastly rulers and co!

IRAQ WARS

Net results of Saudi, Kuwait, UAE, oil companies and their lobbyists directed 1991 and 2003 Iraqi wars are

WINNERS

1. Saudi Arabia, Kuwait, UAE and other rich ME sharks became richer by manipulating oil prices too high.

2. Oil companies and their lobbyists. Oil prices, which were hardly $30 a barrel before 1991, shot up to $140 a barrel.

3. Since 2003, future traders, rating agencies, Wall Street and oil companies and their lobbyists transferred five trillion dollars from oil importing countries to oil exporting nations.

4. Rich Sunni ME sharks (Saudi Arabia in particular) funded Salaffi and Wahhabi mosques and Islamic radicals and terrorists all over the world. These Sunni Islamic radicals and terrorists are rampaging all over the world. World’s 80 percent of problems are due to them.

LOSERS

1. General US and European nations’ public. There have been high unemployment, cut in welfare measures, housing market collapse and more miseries. Since 2001, US spent three trillion dollars on Iraq and Afghan wars. Did the Saudis and co foot the bill?

2. Poor soldiers killed and injured and their families. In Iraq and Afghan wars 6300 soldiers were killed and 40000 injured.

3. High budget deficits and heavier borrowing. Many nations (PIIGS) and people are on line to bankruptcy!

4. Iraq will plunge into bloody sectarian civil wars leading to the creation of Shiastan, Sunnistan and Kurdistan. Here the losses are of Iraqis

How conviently certain people forget, rather omit the fact that Clinton bestowed a Surplus onto G.W. Bush and he not only Squandered it, he turned it into the largest Deficit in American history but they keep spouting the same garbage on how Obama is spending us into oblivion. They also omit that G.W. Bush started the Auto and Bank Bailouts and Bush said recently that he would do it all over again under the same circumstances.

The Energizer bunny s of Propaganda...

Capitalism needs it's poor. After all, if everybody is rich, then nobody is.

TrustVerify: What is the big deal?

If you can't solve the problems at home, invent an enemy go to war. WW1, WWII, Iraqi wars are some examples.

Before actual WWIII, there will be Iran and Syria. Oil prices are falling. So poor Saudis, oil companies and their lobbyists will have to be made richer by high oil prices.

After a decade it will be time for WWIII.

ted415784

.....G.W. Bush and he not only Squandered it, he turned it into the largest Deficit in American history but they keep spouting the same garbage on how Obama is spending us into oblivion.....

GAWD...those facts just keep jumpin out at folks like you - DO THE MATH...DOUBLE the all-time deficit in 4 pathetic years!!

September 2007: [Democratic-controlled] Congress raising the debt limit to - $9.815 trillion

July 2008: [Democratic-controlled] Congress raising the debt limit to - $10.615 trillion

October 2008: [Democratic-controlled] Congress raising the debt limit to - $11.315 trillion

December 2009: [Democratic-controlled] Congress raising the debt limit to - $12.394 trillion

February 2010: [Democratic-controlled] Congress raising the debt limit to - $14.294 trillion

What are we now?

ALMOST 16 TRILLION!?!?! Way to spend our tax money

Mr. Big $PENDER OBAMA - Epic Fail

Sandtrich: my bad, I misread the first sentence. You included them both...kudoes and now I will apologise for jumping first before reading. As to Obama? Well, no, I think he is far from being a 'stand up' guy...NDAA, Patriot Act 2, Solyndra, and a few other choice items tend me to think otherwise. I didn't think Bush was a stand up guy either but let us leave our differences for now...cheers

Wow Just one guy, you seem upset.

I hope its not because, maybe, Trustverify hit a little to close to home, eh?

Complaining about what Bush did during his presidency is pointless; that time is over. This is the era of Obama now, whether it continues for four more years or not come November. Save the partisian mudslinging for a politics article. Look for solutions, not scapegoats.

That said, the United States isn't headed the way of Greece. Even if our debt did build to truly unsustainable levels, the crisis would be completely different simply because of the dynamics and size of our economy. But that's no argument for complacency.

In the end, you only have two choices: Austerity (which may be either tax hikes OR cutting slash budgets, the difference is merely who gets shafted) or bankruptcy.

Well, actually, there is the option of economic reform, but from what I can tell nobody's seriously interested in that.

No Cirn...trust was way off...WE'RE (all responsable taxpayers) upset at the vast amounts of OUR tax $$ Obama wasted!

ldo, now MLH in OK, the conspiracy nutcases are coming out of the woodwork today.

The other two thirds they can't give away.

Actually, if the National Parks and Forests are listed for sale, the left-wingers will gladly buy them. They have lots of cash at their disposal (see Obama fundraising) and they would be more comfortable controlling the management of the lands. When left to the political winds, Parks can bounce from well run and protected paradise to neglected, polluted, and exploited.

How about we start with Tennessee.

I'll sell that whole damn state to anyone who wants it.

cept let's get some more pubbies shoved in there before we let it go.

MLH in OK

Coming soon to a national park near you. Oh the irony: treehuggers and other leftist wingnuts relegated to selling off vast tracts of US land to pay down the debt created by their very social giveaway

There was a similar article on Ireland.

Not many will invest in corupt nations like Greece. Greece has language barrier in addition!

The US itself has many properties on sale. Why not many are buying ocean/beach/lake fronts right in the US?

Sorry, the Brits got it some time ago (the good bits.) You can visit the Elgin Marbles in the British Museum.

I'm pretty sure Germany has contributed plenty to helping Greece so far; they owe the Greeks nothing.

Should the Romans, the Byzantines, the Ottomans, etc. also pay Greece back?

I'm sorry for displaying my apparent ignorance, but this line of responses begs the question "What has Greece contributed to modern day society?" What have they contributed? I guess didn't they host some olympic games some time back? And their Ouzo is not bad. I guess they get credit for that. Are they a major pharmaceuticals producer? fuels producer?, automobiles producer?, timber producer? steel producer? I'm not saying they don't produce anything, I'm asking to be enlightened on what they do produce outside of a society bent on working less for more compensation and benefits. I suppose someone there must be working on some sort of tree that produces copious amounts of currency based on the apparent fact few of the citizens there seem to be worried about their cash-flow problem or how they are going to pay for and repair all they are destroying in their fit's of misplaced anger.

I find it hard to respond to your post because it is so pointless that it defies even my imagination. Other than to say you do realize that these economic problems did not even exist until the banks created this problem by selling their fake financial products.

No, the problems started when most of the population retired in their fifties and got huge pensions, none of it budgeted properly. Again, it's spending far more than you have to placate voters. Thanks to Obama we are less than a decade away from Greece.

"you do realize that these economic problems did not even exist until the banks created this problem by selling their fake financial products."

I doubt most people reading this article realize that, because it is not true. Banks did not create this problem, and the "fake financial products" they purchased from Greece were simple bonds (when finance news speaks about debt yields on government debt, they're talking about government bonds). The Greek government created this problem. And then they lied about it in their budget. Amazingly, when you keep borrowing more and more money, and then don't have enough income to pay it back, you get in trouble. Who knew?

Also, Greece contributes plenty to the global market, but they don't have much in the way of key industries, like, say, American law firms, British financial firms, or German manufacturers. That's in big part because their business climate is terrible and most industries suffer extensive and crippling regulations and restrictions. It's painful running a business in Greece (especially now).

You mean to say the US and Russia which stole it after they found it in Germany instaed of giving it back to the real owners ! I love your American history of things hahaha.

Which begs the question.. what has Texas contributed... like EVER?

Ignorance isn't a commodity, so that doesn't count.

A Texan wondering what Greece has contributed to the world? REALLY?

Greece has been around for over 5000 years. Texas has been a skidmark in the underwear of the United States for 250.

Get it?

STexan

I'm sorry for displaying my apparent ignorance, but this line of responses begs the question "What has Greece contributed to modern day society?

Well, if one is to treat your question as an honest query, rather than a simple ignorant partisian snipe, there's agriculture, aeronautics, computer technology, and oil, to name a few. It is the top exporter in the entire country, and has the second-largest economy of all 50 states, right after California. It is the 15th largest economy on the planet.

Judging by contributions to the nation or world, Texas is one of the best states ever. But still, it was a good attempt to demean the entire population based on their voting preference. Better luck next time.

No. It's just very slightly less bad.

And I think the media got bored of covering it.

Just heard on the financial channels they may need another bailout. It's getting more and more clear that they are going under, they've driven too far over the cliff. As said above, we are less than a decade behind them.

Again, Ryan is offering a plan to avoid this disaster and the democrats would rather demonize it to gain votes than keep us from going bankrupt. Pathetic.

I agree with Phil. I'd be happy to get off SS if the government would let me. These entitlements were supposed to be a choice to begin with.

Well, it isn't as exciting covering the day-by-day financial meltdown of a nation as opposed to, say, people being murdered in the Middle East.

It's not a realistic expectation for America to have a Greece-like crisis, but the deficit is a legitimate concern, and I do like the Ryan budget more than Obama's. I hope Mitt Romney fully endorses it so that we'll have a legitimate and clear choice of government direction come November.

@azchzhd - the government will let you off SS, if you are talking about collecting benefits. My aunt got off (actually never collected) by signing over all her benefits to her disabled son. If you are talking about getting off the fica tax - sorry, most people gotta pay. The self-employed get to pay twice.

Since new federal employees started paying in 1984, the number of workers exempt has been shrinking. And now that many state and local governments are trimming jobs (that will probably never come back) the number of non-SS workers becomes even smaller.

PMSNBC writers,sorry!

Hell, i hope he sells the southern half of the country!

All the Red states are the perpetually moocher states... always getting back more then they put into the US economy.

And i'm tired of paying for roads in those states.

So from what I can tell, all the crazies are in OK and KS....maybe we should sell those states first. Taking my tongue out of my cheek though, these nuts must actually believe fox news, which is really scary.

"Life's tough... It's even tougher if you're stupid"
John Wayne

Obama has given sovereign water rights over to the UN.

So Kansasasfsdafsdafsadf - life must be really tough for you because you sound REALLY stupid. It is amazing that the far right nut jobs in this country think that our financial problems began with Obama. From the picture you far right fools paint, our country was just peachy keen financially until Obama got elected. Never mind the deficit that good 'ol I'm a country bumpkin GW created, what with the multiple unfunded wars, Medicare Part D, etc etc - but you right wing nut jobs can't be bothered with facts now, can you? Nah, you'd rather be motivated by your rather transparent racist hatred of Obama. I would LOVE for one - just one - right wing fool to explain how the two unfunded wars and the largest UNFUNDED expansion of medicare in the history of our country, all perpetrated by GEORGE BUSH, REPUBLICAN, actually helped our country and exactly why Obama is responsible for that train wreck. Look in the mirror, far right - you idiots ruined our country long before Obama got elected. Anyone who voted for GW is (a) stupid, and (b) responsible for where our country finds itself now. The reason Obama got elected is because the MAJORITY in our country think you people are fools and wish that you would all ... disappear. I actually wish something quite a bit worse but I won't put my true thoughts in writing - after all, none of the far right states their real reasons for hating Obama - racist pigs. Now collapse this comment even though it represents the truth.

One thing that should be apparent from my post is that we HATE YOU. Those of us on the left HATE THE PEOPLE IN THIS COUNTRY ON THE FAR RIGHT. There is no softer way to put it - we despise you with every ounce of our being. There has not been another time in this country when there has been more of a division. Frankly put, we need two countries. One where a far right Christian theocracy can be put in place, and one where a place that would be desirable to live can exist.

Sigh, and the Obama adoration continues, fueled by ignorance and adoration.

July 19, 2011 Barrack Obama signed executive order #13574. Said order mandated the LOST (law of the sea treaty) so now the UN National Ocean Council now controls American oceans, coastlines and the Great Lakes. The coastline of some thirty states are now under the jurisdiction of and subject to the UN Law of the Sea Treaty, part of the UN Agenda 21 program. Fact.

So now your fearless leader, rather than defending the boundaries of the US, as is constitutionally mandated in his job description, has handed said waterways, coastlines, lakes that are on and in the United States to a governing body within the UN. The UN controls US water. But, hey, those damn racists, they only care about the color of his skin, his actions, well, they're above reproach...to the uninformed, anyways.

fact or fiction??? anyone want to chime in??? where's a link to a credible account??

Look up Executive order #13547...it's there. Of course, if you're ok with giving away the store and the water to the UN then don't bother looking it up.

Why is it a problem that the United States submits to UN treaties, again? We opt out of too many as it is. We still haven't signed on to the ICC.

One of the problems with the UN's lack of legitimacy is that the US constantly treats it like a joke. Which it is, but maybe if we took it seriously it wouldn't be.

What you seem to ignore is that our elected officials are elected and take an oath to uphold the Constitution. Now, if you don't like the Constitution and would rather that an unelected body dictate what you do and how you do it, well great. Except that the abrogation of said Constitutional authority to unelected individuals, giving them the power to regulate your life, with no recourse if they infringe upon your rights since they don't follow any laws of the land gives you what, exactly? Authoritarian rule.

Then again, if you want all your resources given away to other countries, control of your natural resources in the hands of multi-nationals who may have agendas contrary to the best interest of your nation, go for it. Have you read Agenda 21?

Well, they're trying, anyway.

It's a remarkable example of Greek government incompetence that they can't even get a fire sale right.

I was just making sure. The wording in the article kind of threw me off. Relying on Turkey to buy land from the Greek government. But I guess they meant private investors from Turkey.

Wasn't there news out there about the bureaucratic mess in Greece concerning land registration? It hinted that one of the big impediments to normal function of business is that property ownership is nearly impossible to prove. Good luck to the foreigners trying to buy into that mess. Maybe it is a crafty strategy - Greece sells land to suckers, the paperwork gets balled up, years in court, problem finally resolved by Greece nationalizing the asset.

They hope to sell real estate to Turkey? I thought the Greeks and Turks had a flaming hatred for each other - makes the Hatfields and McCoys look like kissin' cousins.

I know there's a conflict over Cypress, but I don't think there's strong animosity between the two countries on anything more than a geopolitical sense. Could be wrong, though.

Seeing as how they are beyond flat broke, exactly with what money are they supposed to develop these oil fields?

Exxon would be more than happy to, as would PB, Shell, etc. My guess is the hangup, it any, would be political/logistical, rather than monetary.

As an example, oil companies are more than happy to develop our resources but the issue here isn't monetary either, it's purely political.

Really? Where did you hear that? It's rather unusual to find resource deposits in a continent as thoroughly explored and exploited as Europe.

Depending on the laws, even that may not help the government much. Not all countries benefit equally from resource extraction, and having an extravagant budget based entirely on sucking your land dry isn't exactly good fiscal policy in the long term.

Research debt projections and GDP projections and you are right, less than a decade.

That's a lie. It's the socialist, something for nothing, chickens coming home to roost. Real simple, just check what Greece is bringing in and what they were paying our in benefits.

It's the same here, check what Medicare is taking in and what it is paying out. Then project that forward a decade. Democrats are more than willing to buy votes by demonizing any fix for this situation since they'll be retired when it goes bankrupt.

So by your own (incorrect) logic, not only did the banks stake all their earnings on a strategy that would directly lead to their destruction (lending more than the client can pay back), but as the market was about to crush the banks, the politicians ruined it in a reversal of their own decision?

I'd say that was fascinating, but I don't give it that much credit.

By the way, since when is a government bond a "fake financial product"? You do know that's what people keep buying from the governments and that it's the bonds that are threatening Greece with bankruptcy, right?

Morlack,you are either naive or grossly stupid!

Sounds like a poor investment to me.

The angry, lazy people might set everything on fire.

Yea but you are not,you are a "progressive bomb thrower" who stays at home with your mommy!(OMMH)

China's only interested in buying up assets that can make them a profit. As the rest of Europe can tell you, investing in Greece is a harder way to waste money that just setting it on fire (less carbon emissions, though).

Check your cap,i think the tin foil is worn.Replace it,sit quietly for an hour and then come back on line!Remember,this could be your brain catching fire!

Heh...... yeah sure....... The red states are involved in pay no mind energy production. Talk about your stupid populace. The red states don't have any skilled trades so they are paying the moving expenses from Blue to red. Then the red state will turn blue. You see there are just so many burger flippers needed in this country. Expertise on a carburated Chevy truck only goes so far also. The red states specialize in stupid populaces. How else would the Greedy Old Party get dirt poor, dirt roadies to support them?

too bad for your logic that the poorest states in the USA are largely ... drumroll please ... REPUBLICAN! In fact, they are typically the poor, largely uneducated, largely overweight, southern states that vote oh-so-predictably for the far right nut jobs like Santorum that want to impose a theocracy on the USA. After all, that nut job doesn't comprehend the concept of separation of church and state, boy his parents wasted their money on his law degree. I spit on you far right nut jobs.

Sorry Dave. CA in a blue state and we are broke, even with the techno sector

Too bad the Red states are almost ALL mooches on the economy, nearly every single one of them taking back more from the US government then they put in.

Us liberal snobs paying welfare for racist rednecks everyday.. all while they scream to cut off government programs.

"Us liberal snobs paying welfare for racist rednecks everyday.. all while they scream to cut off government programs."

So then why don't you just do so? If blue states are the lenders and red states the unwilling beneficiaries, then surely that would either save money and satisfy everyone, or bring Republicans around, right?

Or maybe, just maybe, things aren't that simple.

By the way, I too am a Californian, and our state is bleeding red ink. Our state pension fund is like a tick the size of a zeppelin, and no matter how much we give it, it keeps sucking up more.

So they sell the Greek peoples land to keep those gobmint pensions going.

What a bunch of CROOKS!

I bet IF THE RICH like Warren Buffet finally paid the BILLION yes that is right the BILLION dollars he owes in taxes our nation would be a LOT better off. Imagine the pensions? Oh to tax and live like kings. Now go eat your PEAS. I have a plate FULL of lobster to eat. Bwahhhaaa

If Warren Buffet owes a billion in taxes, then he should certainly pay it.

Of course we'd be better off. Slightly. Like, imagine a dirty, rusted battleship. Now imagine being given a toothbrush given to help clean it. That's Buffet's billion dollars right there.

Greece is different. The funny thing is that despite tax evasion being a widespread and endemic problem, they raise taxes to eye-watering levels, and make the problem even worse.

They aren't ,they are only interest in throwing bombs and segregating all of us, into little groups, where they can pick us off,one at a time!No Berrie(the Bomber) in 2012!

You are deluted and your analysis is simplistic!It's not the 1% that got Greese in this pile of manure,it was the "progressive" government that cut deals with unions,inflated payrolls and government payout to government employees unions and used the international banking system to coverup!This is Mexifornia in 5 years!Keep voting your left wing,union backed leaders and you will be in the same boat shortly!

Hey maso98, Good looking dog. I am not deluted; my thoughts are full strength. :) While I agree with you to one aspect of the cause of the situation, the reality of the "current" situation is that Greece, Ireland and eventually the U S is being taken advantage of by the bankers and the wealthy for their bought and paid for politician's mistakes in the name of financial stability. The only ones they are helping are themselves. Never let a good crisis go to waste.

The simple fact is that Government workers do nothing to bring in foreign money.

Apple Computer sells their products all over the world and even though more and more of it stays away due to excessive taxes here in the US, our country still gets something in return. What does a government worker bring to the table? Absolutely NOTHING! Cut government by 2/3 and our nation would run better than ever. Like it USED to when we were a world empire!

That's not 100% true, but I appreciate the sentiment.

Businesses have a difficult time doing their business without functioning government institutions. I just wish less of those institutions were devoted to hindering business rather than dealing with the basic needs of our country (education, infrastructure, and security).

I still can't figure out why the FCC exists. Why does the land of "free" fund a department to tell us what we can and can't watch on TV?

I'm ready

That's Ms.Barnie Frank,the gay pimp!