Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
Sorry if I'm reposting but this is just hilarious:
https://www.indiegogo.com/projects/greek-bailout-fund#/
https://www.indiegogo.com/projects/greek-bailout-fund#/
I wouldn't really want my beer money disappearing down the toilet of international finance but it's a fun idea to focus minds. Maybe it has national applications in the future.
All these incompetently run hell holes should just bypass governments and aid budgets and fund the building of their infrastructure that way. Far more efficient. I'm not sure it would go down too well with the local dictator but I guess they'd be allowed to cut the ribbon with some giant scissors.
If you want to help the greeks, use the blue market. Go there, pay with cash, don't ask for a receipt. Take a bunch of olives back home.
Isn't this how their problems started in the first place?
No, the welfare state. The cost was hidden with galloping loans. The welfare state destroyed the capital structure, now it does not produce much of anything. Effective tax collection would not have been enough, and it would further have reduced the value generating capacity of the land.
However, every corrupt politician in europe, every corrupt crony capitalist, every corrupt central banker, every leeching violent union leader are talking their book. It is not easy for common people to understand, as long as they only skim the headlines in the main stream media, and never got proper education.