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bilsto

1,308 Posts.

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05/07/15

01:44

Post #: 15582184
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Originally posted by danhoff ↑

And sorry to repeat, but why does Greece need to run a primary surplus when the USA does not. Maybe it is the 175% debt to GDP. Where the US, I think is only around 100%. But then Japan at 240% - why is that not closed down.

I saw a chart yesterday that showed 5 years ago the debt for Greeks was 43,000 EU - per person (if you divide the debt by persons). But now it is down to 23,000 EU. Actually, that chart, as I type, does not make sense unless the Greek actual principal has halved in 5 years. So, unlike Wikipedia, just because something appears in print, does not make it true, hey.

gungadin, I think the creditors will be happy to write off 50 billion across all of them, if they can kick this can down the road 20 to 30 years. Because, by then, the criminals leading these institutions will have had plenty of time to rake in their ill gotten monies AND the problem will be passed onto those Future Fictional Rich Babies. I will call them the FFRB from now on.

Remember... debt does not matter and the FFRB will rescue us if it did.

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Wikipedia is a complete waste of time. Anyone can put anything they like on there.
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