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overtheedge
Member since May 2012
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Max Keiser Interviews GoldCore’s Mark O’Byrne - Mark O'Byrne - gold.ie

"The IMF said that Greece requires additional bailout funds of around 50 billion euros until 2018 under the current bailout conditions, and slashed its Greek growth prospects for 2015 to zero from 2.5 percent."

This is the one item that should that should cause your bowels to cut loose.
The people have no money, they are limited on withdrawals (past productivity).
By the same token, business funds are limited.
And the IMF states no growth, but somehow the Greek economy will break even for the year?
Obviously the Greeks need to severely limit themselves on the critical consumables such as food, water and medicine.

If there is no money, there can be no production.
No production, nothing to sell, ergo no income.
Perhaps the IMF isn't aware of the term "entropy".

Oh and there can be no leakage of monies to outside the country.
This would further reduce available capital for growing the economy.

Bureaucracies are like a social disease similar to MRSA.
No antibiotic can stop the progression until it eats everything and finally starves.
During the US Civil War, they stopped gangrene by amputation.
It seems the magic bullets that were to stop the war were lubed with rancid fat. Most often, pig fat.

Oh ho, from the same above quote, "... Greece requires additional bailout funds of around 50 billion euros until 2018 ...".
The additional $50 billion Euros in bailout funds is how the Greek economy will break even for the year.
Obviously I don't understand the new math as applied to international finance.
So, never mind.

But, who is gonna underwrite this $50 billion Euro loan?
Nicht ich!

So for God and country and the continuing success of the European Union's experiment in social engineering, the people of Greece are hereby requested to limit yourselves to two biscuits, one tea-bag and half an aspirin a week.

Commented 3219 days ago

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Beginning of the headline :- Gold price has been flat but interesting developments bubble under the surface- Emergence of new tech is undermining existing banking cartel and will make owning and trading gold easier- Gold price my rise if current shortages cause COMEX to fail to deliver physical gold- Texas gold “repatriation” is highly significant development being ignored by mainstream- Financial illiterates driving NATO and IMF policyGoldcore Research Director, Mark O’Byrne was recently interviewed by Max Kaiser in Lond... Read More

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