The End of the Good Times

Discussion in 'The Howard Stern Show' started by MyLazyHand, Jun 29, 2015.

  1. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    Well, here we are. The U.S. economy has improved to the point where it's getting by in a reasonable fashion....and deadbeat Greece is bring an end to things.

    The Chinese stock market collapsed last week, and this week Greece has shut down all banks and ATM's as they prepare to default on their debt.

    Greece doesn't want to pay their debt. They elected new leftists who think it's a good idea to not pay the debt, and to allow the Euro to collapse. Here's their plan: they owe a lot of money in Euros. If Greece gets kicked out of the European Union, then they can print of bunch of "Greek Money" and pay their debts with worthless paper.

    Of course then Greece will become an economic pariah, and the next version of Zimbabwe or Venezuela. Leftists have no idea of how to manage money.

    The amazing thing is that Greece only owes $1.6 billion Euros to the International Monetary Fund. That's a bit north of $2 billion. You would think that reasonable people could put together a plan to come up with $2 billion. Jeff Bezos makes that much in a good week with his Amazon stock.

    The damage that will be done will be 100x what they owe. The Germans are tired of bailing out the (lazy) Greeks.


    And we are not immune, unfortunately.
     
  2. Shithead

    Shithead Well-Known Member

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    Bumpy ride coming today....Strap in
     
  3. 1Vegasgirl

    1Vegasgirl Well-Known Member VIP Gold

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  4. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    If you have money in the bank in Greece, you're only allowed to remove ~$100 per day until the government either pays or defaults on the debt due.

    European bank stocks are down 6% so far today. My estimate is off by a lot. The damage being done will amount to trillions of dollars over this $2 billion due tomorrow.
     
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  5. Beth143nacho

    Beth143nacho Well-Known Member VIP

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    I love how the mainstream media is completely ignoring this issue.
     
  6. blindbella

    blindbella Well-Known Member

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    Really? CNN is reporting on it even as I type this.
     
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  7. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    Our markets are looking at a huge loss today. The Futures indicate a really bad opening.
     
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  8. AcquiringSignal

    AcquiringSignal Girthy VIP

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    Not a surprise. Perhaps Greece should rethink their stance on the Confederate flag.
     
  9. peterfonda

    peterfonda Well-Known Member

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    I blame the banks for extending credit to people who shouldn't have any, and then looking to the feds to bail them out when everyone defaults.
     
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  10. 1Vegasgirl

    1Vegasgirl Well-Known Member VIP Gold

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    Don't they do that here? Like the Community Reinvestment act?
     
  11. Mr Fantastic

    Mr Fantastic Found Nemo VIP

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    No worries. Trump is all over this...



    [​IMG]
     
  12. Hugh Blowmont

    Hugh Blowmont Just be funny

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    If ahe dropped another 10 pounds she would be hot, right Robin?
     
  13. Mr Fantastic

    Mr Fantastic Found Nemo VIP

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    10 Euros. Stay on topic. :shitcoffee:
     
  14. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    Puerto Rico says it can't pay debts: report


    http://news.yahoo.com/puerto-rico-says-cant-pay-debts-report-070837395.html


    Washington (AFP) - Puerto Rico's governor said that the island is unable to pay its approximately $72 billion in debt, a statement likely to send waves through the US economy, The New York Times reported Sunday.

    "The debt is not payable," Governor Alejandro Garcia Padilla told the paper. "There is no other option. I would love to have an easier option. This is not politics, this is math."
     
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  15. Mr Vengeance

    Mr Vengeance Ladies love cool V. VIP

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    Another day, another rambling, paranoid, "blame all the world's ills on leftists and "leftist media that is ignoring the issue, even though it is everywhere you look on tv and internet" threads. Yawn.....
     
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  16. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    Are you honestly this dopey, or are you avoiding every single news feed? Try clicking on any financial page today.
     
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  17. Captain

    Captain Alto, Blanco y Guapo Gold

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    She needs a nice big schvantz too. Then she'd be perfect.

    Santorum-Trump '16!
     
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  18. Mr Vengeance

    Mr Vengeance Ladies love cool V. VIP

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    I know exactly what you're talking about which should have been evident when I said "even though its on everywhere you look on TV and internet"......Try reading instead of being so fucking quick to defend your daily con rants.
     
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  19. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    The Greeks had a moderate government who was paying the bills. The voters recently elected a LEFTIST government who is willing to default, which leads to massive damage worldwide.

    So yes, I blame the leftists for creating this problem. Who should be held responsible?
     
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  20. Mr Vengeance

    Mr Vengeance Ladies love cool V. VIP

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    You're simply looking for any shit you can blame on the left. Every fucking day with you. The problems in Greece started a LONG time before this government got in. It doesn't fucking MATTER though, because they could have taken office three days ago and you'd blame the "lefties". And honestly I don't care. My comments are about you and the others who spend their days ranting about the evil left and how it makes your life awful. No matter the fucking topic, you guys will find a way to throw in a shot a libs. When that fails, find political stories to post and rant about. Then when anyone disagrees with you, start with the name calling. It's all on the first page of the Conservative handbook. Go out and have a fucking drink...do something to get away from the evil fucking boogeyman that is "Lefty"!!!! Don't think you're going to drag me into a debate with you about this, because as anyone here would know, I don't debate politics. There's NO POINT.