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<blockquote data-quote="rickyb" data-source="post: 5883503" data-attributes="member: 56035"><p>the problem with greece is they were prescribed the wrong solution to lower the debt. to lower the debt you dont do austerity, you need to stimulate investment. greece has done austerity and its led to even greater bankruptcy. i agree we are headed for a great depression and maybe wwIII but really it comes down to us not being participants as citizens and instead spectators. more specifically its partly because the banks are bigger than ever. in addition, when south korea and sweden banks went bankrupt in the last 30 years, the government bailed out the banks but got rid of the executives. we did not.</p></blockquote><p></p>
[QUOTE="rickyb, post: 5883503, member: 56035"] the problem with greece is they were prescribed the wrong solution to lower the debt. to lower the debt you dont do austerity, you need to stimulate investment. greece has done austerity and its led to even greater bankruptcy. i agree we are headed for a great depression and maybe wwIII but really it comes down to us not being participants as citizens and instead spectators. more specifically its partly because the banks are bigger than ever. in addition, when south korea and sweden banks went bankrupt in the last 30 years, the government bailed out the banks but got rid of the executives. we did not. [/QUOTE]
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