Markets shrug at Greece deal
The agreement still leaves huge holes of unfinished business and serves to kick the can down the road for political purposes.
Sign me up for the program where I can get portions of my debt written off multiple times and not go bankrupt!
What a joke.
Taking it piece by piece... Giving Greece the cash to keep the lights on went into Greece and out to utility companies. Thus, Greece owes more but got nothing to jolt recovery with. Unless you sever the hands in the pot, Greece is not going anywhere.
European financial markets grasp this and know what happens next- people still need recovery and a new request for cash starts-- today. What do you do when you realize that you are the problem and doing yourself in is the solution?
Our Fiscal Cliff can't come soon enough. Higher taxes please. Nosebleed prices on everyday goods. Gas prices so high that it trumps diamonds and gold. These things are toxic for wealth, a temporarily inconvenient bump in the continuance of poverty and the impetus for recovery. Who is kidding who with low bank rates, fiat money going straight to banks and a rigged stock market environment? Greece and America share a common need... close the banks, end the Federal Reserve and get RID of Wall Street. A basic economy has criteria, none of which involves money circulating in a wealth class and not on Main Street. Job RECOVERY not creation. Elimination of the business entity if it continues to be separate from the rest of us.
"D'humain troupeau neuf seront mis a part; De jugement & conseil separees, Leur sort sera devise en depart, Kappa, Theta, Lambda, morts, bannis, egarez."
Of the human flock, nine shall be set aside, Being divided in judgement and counsel, Their destiny shall be to be divided, Kappa, Theta, Lambda, dead, banished, scattered.
Century I, Quattrain 81
The US Supreme Court has 9 members set aside from the rest of us. They are of different philosophy and counsel. A matter of the highest importance is ahead- the elimination of College Faternities and Societies and Alumnus Associations. They are the stuff devices and division are made from.
Animal House was just a movie.
GOP House is a Reality that curses progress.
The Supreme Court has 2 matters before them that should not be there... a case prohibiting selling old textbooks because the Bushes own shares in all the publishing companies so they can dictate what their characters are for historic reference and old books can compromise lies. Another is the Church College in VA that challenges the HealthCare Act because it is using religion like a weapon of mass adverse influence and corruption. Scuttle these phony cases and let's dissolve the incubators of New World Order. Life, Liberty and the Pursuit of Happiness, Freedom for All. Degrees are not tickets to free rides for Faux Elitists.
"WASHINGTON (AP) - The head of the financially struggling U.S. Postal Service says the agency must be allowed to ease the terms of prepayments into a retiree health care fund and eliminate general mail delivery on Saturday. Patrick Donahoe tells "CBS This Morning" the agency isn't asking Congress for money. He says, "I think most people don't realize, we're 100 percent self-sufficient. We pay our own way." But the postal chief notes the agency is losing $15.9 billion this year. Donahoe says the post office needs to refinance retirement health fund payments to $1 billion a year instead of $5 billion. He says the Postal Service would continue package delivery on Saturday and keep post offices open. In this scenario, he says the agency could be $8 billion in the black each year."
Works for me... let's do it. Notably, Congress has failed to do it's job for years now and will enjoy outrageous pensions, retirement and pompous loser benefits. We should be having every one of them writing checks to reduce that Postal deficit. A reminder that many veterans are USPS... it is ludicrous to "thank you for their service" but screw them in retirement.
What the hell brought up the Hostess discussion and bakeries....??
This is why I pretty much skip anything, that says Greece or Eurozone in the title anymore...
The discussions/arguments are meaningless...
Wake me up/send me an e-mail when it's over for them..(Greece)
Don't waste our time or the 0 or 1's bits.
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Tighter regulations and the end of a lengthy bull market in bonds have changed the landscape forever.
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