NP - Why the Euro Is a Selfish Jerk

[Jerome Park]

Who is holding taxpayers hostage and nourishing corruption? This is, of
course, the hyperbolic propaganda peddled by Germany, the Banks, Wall
Street, others,  who are undermining the elected government in Greece so
that they can further reduce the incomes, pensions, and benefits of the
Greek citizens, further devalue the assets of the Greek nation, sell off or
purchase at fire sale prices, or gain favorable lease use of those valuable
assets, not to share this wealth German citizens or any other citizen in
the Euro zone or in Europe, but to boost the profits at banks, profits that
have been held down by the regulations imposed on the banks after they
nearly pulled global economy off a cliff. That's what this is about. Greece
is the focus, not because its relatively small economy is holding taxpayers
in Germany or elsewhere hostage or nourishing corruption, but because
Greece is resisting the working and living conditions that the troika wants
to impose on it, refusing to sell off its assets at fire sale prices,
refusing to accept all the blame for the bad loans and bad deals, refusing
to pay what it can not be reasonably expected to pay. That Germans would
buy into the idea that Greeks are the cause of a weakened German citizen
who must pay for Greek sins shows how effective the propaganda is in
Germany.

On Tue, Apr 21, 2015 at 3:29 AM, Kai Frederik Lorentzen <
lorentzen at hotmail.de> wrote:

>
> Have Gyros and Greek sex as much as you need, but you certainly must be
> joking ...
>
> If economic life in Germany was organized the way it is organized in
> Greece, the Euro zone would collapse immediately.
>
> I have no problem with calling the Euro off. Actually this probably would
> be the best, and the voters from the Euro zone nations should have the
> chance to decide democratically about this per referendum, as well as about
> EU membership in general. If the Greeks succeeded in finding new sponsors
> in China and Russia, this would of course be pretty cool. However, so far
> we're into this together, and it's unfair to take the other Euro countries'
> taxpayers as hostages when you wanna nourish your corruption.
>
> That you cannot start a business in Greece without paying someone in whose
> family this business in that particular place is run for three generations,
> has nothing to do with 'austerity.' It has to do with protectionism and
> corruption. That the milk price is three till four times higher than in
> Germany, has nothing to do with 'austerity.' It has to do protectionism and
> corruption. That you cannot get hospital treatment (or other public
> services) without paying bribery, has nothing to do with 'austerity.' It
> has to do with protectionism and corruption ...
>
> The hard shadow of the Greek economy ...
>
> *Abstract:* This article presents new estimates of the Greek underground
> economy and explores the link between the underground economy and aggregate
> debt. We show that the Greek underground economy has been underestimated
> heavily and has been on a rising trend again since Greece adopted the Euro.
> We also present evidence that the size of the underground economy is
> positively related to the debt-to-GDP ratio, implying that fighting the
> underground economy is also conducive to financial and macroeconomic
> stability. Our results suggest that for our sample of 11 EMU member
> countries, the loss of the inflation tax as an economic policy instrument
> had drastic consequences. While the underground economy did not have a
> statistically significant impact on aggregate debt before the introduction
> of the Euro, it has pushed up the debt-to-GDP ratio in our sample since.
>
>
> http://econpapers.repec.org/article/tafapplec/v_3a46_3ay_3a2014_3ai_3a18_3ap_3a2190-2204.htm
>
> The share of the underground economy has risen to over 60 (in words:
> "sixty") percent of the overall economic activity ... What is this, the
> Caribbean at the times of Mason & Dixon?!
>
> The Rothbard quote was to hint at Keynes' (and today's Keynesianists')
> unwillingness to face the problem of debts. Debts, though a 'social
> construction,' are very real.
>
> If all the Greek taxes got paid - and I'm talking just about what's
> already officially in the books -, Greece would be free from debt. Ain't
> that funny?
>
>
> On 20.04.2015 22:47, Jerome Park wrote:
>
> So why the pension envy? Germans and Greeks have the same life expectancy;
> Greeks have better pensions and better weather, sex, food....so why not
> argue that Germans should live better and not that Greeks should live like
> Germans?
>
> On Mon, Apr 20, 2015 at 8:35 AM, Kai Frederik Lorentzen <
> lorentzen at hotmail.de> wrote:
>
>>
>> Keynes is dead and we're living in his long run.
>>
>> -
>> Pynchon-l / http://www.waste.org/mail/?list=pynchon-l
>>
>
>
>
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