Ed Weick wrote:
> It would be great to be able to blame the kinds of crisis that is now
> hitting the Eurozone on single individuals. All you would then have to do
> is yank George Soros out of his private jet or penthouse and put him in
> solitary confinement under heavy guard. The crisis would then be over and
> the world could begin to mend.
Let's try that for a year (not Soros alone, of course) and see what happens.
Do you think the stock casino is populated by gods ("the invisible hand")
or by individuals who do the gambling in order to gain billions?
> Unfortunately its not like that. George
> Soros may be a little more to blame than the rest of us, but not much. We
> are all to blame. Like the Greeks, we expect an awful lot of our
> governments. Being run by politicians who want to get re-elected,
> governments tend to give us what we expect. And of course there are things
> they've committed to do, on our behalf they say, like fight in Afghanistan.
> To do all of the things we want them to do or they can pretend we want them
> to do governments must either tax us heavily or borrow heavily. Since
> taxing us heavily is enormously unpopular their only option is to borrow
> heavily, so that is what they do. So let's not blame George Soros. Let's
> blame ourselves and stop expecting governments to do everything for us.
What does currency SPECULATION trading have to do with lending credits that
were requested by governments?? It is this speculation that steals billions
without providing any benefit for the countries, even if they're borrowing.
When Soros "broke the bank of England", he wasn't lending -- he was speculating
with a certain goal: rip-off.
And as far as lending is concerned: Who forces those billionaires to reap
such high interest rates, anyway? Aren't they rich enough already, and
don't they claim to be philanthropists? Then why not charge much lower
interest rates, or even renounce on interest at all?
When you blame "the masses", do you really believe they would vote FOR high
interest rates (in borrowing) and FOR billionaires' speculation gambling,
if given a vote? If you ask me, "the masses" would vote for the opposite.
But they don't get a chance to vote on that. Still, you blame them.
> P.S.: One factor contributing to rising government costs is aging
> populations. As we age we stop working and need more care.
Another lame excuse to blame "the masses" and defend the Predators.
Guess what, people have paid for their pension funds all their life
(at least in Europe) -- the problems began when Predators began to
speculate/gamble with pension funds, ripping them off by billions!
Chris
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