Home
Forums
New posts
Search forums
What's new
New posts
Latest activity
Members
Current visitors
Log in
Register
What's new
Search
Search
Search titles only
By:
New posts
Search forums
Menu
Log in
Register
Install the app
Install
Home
Forums
Brown Cafe Community Center
Current Events
I drink your milkshake! a metaphor for capitalism
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Reply to thread
Message
<blockquote data-quote="rickyb" data-source="post: 4463131" data-attributes="member: 56035"><p>i will rewatch some videos and post them here. in this interview michael hudson says in exchange for getting more money from the IMF they wanted to shrink greeces economy by 1 to 3% a year. now if youre going to pay off a loan (assuming the loan can be paid off which it could not in greeces case), shrinking an economy is not the way to go. the IMF cant knowingly make a loan to a country which they know cant repay it, they admitted it, but they insist on doing it anyways. and michael hudson says this is financial warfare, they are doing a land grab, and its class warfare. he also points out the hypocrisy of the IMF how it gave completely different terms to ukraine on its loan, which had no hopes of paying it back, but brutal terms to teh greeks.</p><p></p><p>im pretty sure thats not how the system works, but its been a few years since i heard about greece. shareholders are increasingly irrelevant you can look up what ralph nader says about that. wall street did major crime and didnt have to answer to anyone. wall street is again getting debt write offs as we speak. the FED just creates money out of thin air. it hasnt yet led to inflation, its been deflationary so far. look up stephanie kelton, steve keen. the lenders are supposed to assume risk as well. if they make bad loans then they are also losers as well, not just the debtors. and notice how quickly and with how much money the rich get bailed out with. its been up to 10 trillion dollars just recently. they dont have to change anything, they can keep doing stock buy backs and all this crap that led to this crisis.</p><p></p><p>[MEDIA=youtube]cUNZfVbzdOs[/MEDIA]</p></blockquote><p></p>
[QUOTE="rickyb, post: 4463131, member: 56035"] i will rewatch some videos and post them here. in this interview michael hudson says in exchange for getting more money from the IMF they wanted to shrink greeces economy by 1 to 3% a year. now if youre going to pay off a loan (assuming the loan can be paid off which it could not in greeces case), shrinking an economy is not the way to go. the IMF cant knowingly make a loan to a country which they know cant repay it, they admitted it, but they insist on doing it anyways. and michael hudson says this is financial warfare, they are doing a land grab, and its class warfare. he also points out the hypocrisy of the IMF how it gave completely different terms to ukraine on its loan, which had no hopes of paying it back, but brutal terms to teh greeks. im pretty sure thats not how the system works, but its been a few years since i heard about greece. shareholders are increasingly irrelevant you can look up what ralph nader says about that. wall street did major crime and didnt have to answer to anyone. wall street is again getting debt write offs as we speak. the FED just creates money out of thin air. it hasnt yet led to inflation, its been deflationary so far. look up stephanie kelton, steve keen. the lenders are supposed to assume risk as well. if they make bad loans then they are also losers as well, not just the debtors. and notice how quickly and with how much money the rich get bailed out with. its been up to 10 trillion dollars just recently. they dont have to change anything, they can keep doing stock buy backs and all this crap that led to this crisis. [MEDIA=youtube]cUNZfVbzdOs[/MEDIA] [/QUOTE]
Insert quotes…
Verification
Post reply
Home
Forums
Brown Cafe Community Center
Current Events
I drink your milkshake! a metaphor for capitalism
Top