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Old 27.06.2012, 19:12
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How BIG is the Greek debt? And WHO lent them the money? With graphicons

There is a graphicon with A LOT of photos and explanations of how BIG the greek debt is...

I could have never imagined it was something like this, if you took 100 EUR bills and stack them and made a 18 wheeler truck FULL OF THEM, you will need almost 200 (TWO HUNDRED) trucks to settle the debt Greece has!



That is enormous. How will they even give back the money they spent, I think it's a sure thing to say they will never give back this money to their original owners?



http://demonocracy.info/infographics...ebt_greek.html
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Old 27.06.2012, 19:25
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Re: How BIG is the Greek debt? And WHO lent them the money? With graphicons

You think Greece even has the 200 (working) trucks?
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Old 27.06.2012, 19:27
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Re: How BIG is the Greek debt? And WHO lent them the money? With graphicons

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You think Greece even has the 200 (working) trucks?
Wow, that is a valid point. Imagine IF they really want to give back the money, they will not be able to find 200 trucks to deliver them.

And imagine now, they don't have the trucks NOR will to pay their debts...
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Old 27.06.2012, 19:28
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I was watching a program on CNN regarding the Greek crisis and they were interviewing a retired on a full pension 48 year old pilot who's attitude sucked as he was "so entitled" to retiring at 48. No wonder the country is broke. It was appalling
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Old 27.06.2012, 19:34
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Re: How BIG is the Greek debt? And WHO lent them the money? With graphicons

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I was watching a program on CNN regarding the Greek crisis and they were interviewing a retired on a full pension 48 year old pilot who's attitude sucked as he was "so entitled" to retiring at 48. No wonder the country is broke. It was appalling
He retired at 48?! That's way more than the greek average retired person?!?! Why did he wait so long?!

In the 90s there was a joke that Greek minister of economy once said, "our train system is so expensive that if we stop it and give each passenger a separate taxi ride to their destination, we will have less debt."

Now, it turns out it was true!!!
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Old 27.06.2012, 21:22
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Re: How BIG is the Greek debt? And WHO lent them the money? With graphicons

The real issue is their massive pension system. There is a landslide of retirees coming in the next 2 years. And since they give 78% of workers former salaries (OECD average is 42% of previous salary) they have HUGE entitlement problems. See chart attached.... 800% of GDP in the hole!
Attached Files
File Type: pdf greek.pdf (97.6 KB, 180 views)
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Old 27.06.2012, 22:08
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Re: How BIG is the Greek debt? And WHO lent them the money? With graphicons

If they collected all the taxes they would be OK after just 2 years, at present they only collect 85% of the due taxes...!
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Old 27.06.2012, 22:27
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Re: How BIG is the Greek debt? And WHO lent them the money? With graphicons

Do the Greeks really care?

Well, except the public servants and state pensioners who have had their salaries/pensions cut.

If you owe the bank one million dollars, you have a problem. If you owe the banks one billion dollars, they have the problem.

I doubt the average Greek (who has land and a large extended family) really gives a shite about Rothchild's anointed in Brussels and London.

The West owes the Greeks a great debt for keeping the Eastern hordes out of Christendom. Russia will be more than willing to step in and Rescue their Slavic cousins from the tyranny of Ashkenazi (Brussels and London bankers) on one side and the Moslem and Turkic hordes on the other.

Peace to all righteous members of the forum
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Old 27.06.2012, 22:32
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Re: How BIG is the Greek debt? And WHO lent them the money? With graphicons

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That is enormous. How will they even give back the money they spent, I think it's a sure thing to say they will never give back this money to their original owners?

if you are upset about the greek debt then dont look at the debt of african countries, most of which gets filtered into peoples pockets and funds purchases of nice hummers or AMG G wagons etc
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Old 27.06.2012, 22:42
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Re: How BIG is the Greek debt? And WHO lent them the money? With graphicons

"Lies, damned lies, and statistics" is a phrase describing the persuasive power of numbers, particularly the use of statistics to bolster weak arguments. It is also sometimes colloquially used to doubt statistics used to prove an opponent's point.

http://en.wikipedia.org/wiki/Lies,_d...and_statistics

There’s a fantastic scene from the old TV series, ‘Yes, Minister’, where the senior civil servant takes his bumbling, inept minister through the complexities of how surveys lie. The original text (full credit to the authors, Antony Jay and Jonathan Lynn!) is this:
Sir Humphrey: “You know what happens: nice young lady comes up to you. Obviously you want to create a good impression, you don’t want to look a fool, do you? So she starts asking you some questions: Mr. Woolley, are you worried about the number of young people without jobs?”
Bernard Woolley: “Yes”
Sir Humphrey: “Are you worried about the rise in crime among teenagers?”
Bernard Woolley: “Yes”
Sir Humphrey: “Do you think there is a lack of discipline in our Comprehensive schools?”
Bernard Woolley: “Yes”
Sir Humphrey: “Do you think young people welcome some authority and leadership in their lives?”
Bernard Woolley: “Yes”
Sir Humphrey: “Do you think they respond to a challenge?”
Bernard Woolley: “Yes”
Sir Humphrey: “Would you be in favour of reintroducing National Service?”
Bernard Woolley: “Oh…well, I suppose I might be.”
Sir Humphrey: “Yes or no?”
Bernard Woolley: “Yes”
Sir Humphrey: “Of course you would, Bernard. After all you told you can’t say no to that. So they don’t mention the first five questions and they publish the last one.”
Bernard Woolley: “Is that really what they do?”
Sir Humphrey: “Well, not the reputable ones no, but there aren’t many of those. So alternatively the young lady can get the opposite result.”
Bernard Woolley: “How?”
Sir Humphrey: “Mr. Woolley, are you worried about the danger of war?”
Bernard Woolley: “Yes”
Sir Humphrey: “Are you worried about the growth of armaments?”
Bernard Woolley: “Yes”
Sir Humphrey: “Do you think there is a danger in giving young people guns and teaching them how to kill?”
Bernard Woolley: “Yes”
Sir Humphrey: “Do you think it is wrong to force people to take up arms against their will?”
Bernard Woolley: “Yes”
Sir Humphrey: “Would you oppose the reintroduction of National Service?”
Bernard Woolley: “Yes”


http://www.kategriffin.net/2012/06/1...ics/:msnshock:



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The real issue is their massive pension system. There is a landslide of retirees coming in the next 2 years. And since they give 78% of workers former salaries (OECD average is 42% of previous salary) they have HUGE entitlement problems. See chart attached.... 800% of GDP in the hole!
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Old 27.06.2012, 22:43
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Re: How BIG is the Greek debt? And WHO lent them the money? With graphicons

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if you are upset about the greek debt then dont look at the debt of african countries, most of which gets filtered into peoples pockets and funds purchases of nice hummers or AMG G wagons etc
Well last time I checked billions of EUROS were not going into saving the African banks, paying 45 years old retired Africans lifestyle of rich and famous, 500 EUR a day subsidies for owning a tractor etc....

Or do they?!
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Old 27.06.2012, 22:46
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Re: How BIG is the Greek debt? And WHO lent them the money? With graphicons

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"Lies, damned lies, and statistics" is a phrase describing the persuasive power of numbers, particularly the use of statistics to bolster weak arguments. It is also sometimes colloquially used to doubt statistics used to prove an opponent's point.
Yup, definitely this is the case, poor greeks, somebody must have made a trap for them!!!

While not paying the debts at home, the now have started not to pay their debts in Switzerland (particularly health bills). Expect in 6 to 9 months the insurance premiums in Switzerland to RISE significantly to cover the losses the Greek people have made...

Where and when is it going to end?
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Old 27.06.2012, 22:51
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Re: How BIG is the Greek debt? And WHO lent them the money? With graphicons

How the did Africa get into this?

It is true that NGO's and the UN take our money and give it to crooks and pay massive bribes to every kingpin they can. But I dont understand what that has to do with Greece?

They have no pension system in most African countries (Maybe Egypt and Botswana?)

The banks dont lend and the only source of cash is from exports of minerals.

They have the lowest debt to gdp of any continent.

Unlike Europe, they have a very young eager population who will have another 40 years to pay into their pension system should they decided to get one.

The women have big butts and like to party!

They have the fastest growing economies in the world.

Greece doesnt exactly compare to Africa to be honest.




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Well last time I checked billions of EUROS were not going into saving the African banks, paying 45 years old retired Africans lifestyle of rich and famous, 500 EUR a day subsidies for owning a tractor etc....

Or do they?!
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