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Game Of Thrones Reference. When all these top people play the game of thrones all of us suffer
Greece stopped printing their own money and joined the economic power house of germany. Manufactures flooded into Greece.
euro made Greece rich for awhile but then their government made terrible choices.
Government took their tax money to building infrastructure.
They had to borrow on top of what they were bringing in and they imported all of the assets for the railways.
They are still paying interest on the Greece olympic building.
Germans have not seen an increase in living standard in more than 15 years.
The London Agreement on German External Debts, also known as the London Debt Agreement (German: Londoner Schuldenabkommen), was a debt relief treaty between the Federal Republic of Germany and creditor nations. It was concluded in London during negotiations which lasted from February 27 to August 8, 1953. Germany was forgiven 50%
How is this their fault?
The Greek government was a corrupt oligarchy. It was exactly the sort of government that shouldn’t have been expected to enter the Eurozone, where governments had to follow rules that were essentially a central banker’s wet dream of “responsible” behavior (this being when central bankers thought there would never be a depression again, so “responsibility” excluded any possibility of spending your way out of one).
But Greece joined the Euro anyway, basically faking the whole responsibility thing. Some of this faking was well done, but a lot of it was pretty transparent. Anyone who lent to Greece should have known that the Greek government was a bad risk and demanded high interest. But for a while Greece was borrowing at almost the same interest rate as Germany (which actually is responsible, to a fault), which was just nuts.
When things went south after the financial crash, everyone suddenly saw how stupid those loans had been. Or, if you’re Eurozone central bankers, how improvident and inept Greece had been.
Really both are true, but the central bankers, rather than acknowledging that the crash itself–which, remember, they’d said was impossible–showed that they also didn’t know what they were doing, decided to “bail out” Greece–which is to say, trade good money to Greece’s creditors in exchange for Greece’s bad debt.
In exchange even for this help, Greece had to impose austerity. In other words, although it takes two to make a bad loan, the Greeks were expected to bear pretty much all the pain while the banks got their money back.
But while austerity makes sense for a household–if you’re in debt, cut your spending, because duh–it doesn’t make sense for a country. When a government cuts its spending, that spending is income for other people, that income becomes tax revenue, and so on. So if you cut spending, you cut the national income, and there’s less economy to pay back the debt from. So although the Greek government spends less than it used to, it spends more as a % of the shrunken Greek GDP.
Leading to a new crisis, more bailouts, more austerity, and so on.
That’s been the pattern since. The “no” vote was the Greek people saying, enough of this bullshit.
The Greek government proposed to hold a referendum – a form of direct democracy in which the people vote not to elect a representative, but instead to demonstrate support for or opposition to a particular idea. Some referendums are binding – the results must be acted on by the government as though they were law. Others are more symbolic in nature, intended to show a mandate – the will of the people – to act as the referendum results indicate. The Greek referendum was the latter type.
This referendum was on the latest round of bailout proposals from the major creditors of Greece to the Greek government, asking the people whether they should accept (“yes”) or reject (“no”) these proposals.
Officially, the “no” vote means the Greek government has the support of a majority of its people to reject the terms of the bailout proposals and continue negotiating for more favorable terms. In practice, it means that the Greek government expects its creditors to “make the next move,” so to speak.
A “yes” vote would not have meant the terms being voted on would have been accepted, as that deal had already expired. However, it would have sent a signal to the Greek government, its creditors and the financial markets that the current regime’s negotiating tactics and aversion to austerity measures no longer had popular support.
Important things to understand:
• There are many factors that drove the Greek debt to this unsustainable point, but three of the key factors of concern are the competitiveness of the Greek economy (people would rather buy elsewhere), an unstable revenue base (Greece has difficulties collecting tax and a high degree of tax avoidance) and Greece’s high amount of government spending (mainly on pensions).
• Both the first and third issues are in part the product of Greece being part of the Euro at all – Greece cannot devalue its currency to make its goods cheaper and more attractive, and it also cannot simply print more of its currency to cover its spending needs.
• …but all three issues also have their roots in Greece’s economic culture – uncompetitive practices that drive away international custom, a culture of “black” money in the lower and middle class and blatant tax avoidance in the upper class that starves the government of revenue, and a generous social security state that offered very early retirement to many Greeks.
The current problem boils down to:
• Austerity is bad – unbelievably toxic to an economy, especially one structured as the Greek economy is, with revenue streams still functionally starved out by an unchanged economic culture, reforms to promote competitiveness stagnant and facing public opposition, and with assets that won’t sell while the whole economy is already compromised. Austerity prevents stimulus – spending to encourage the flow of cash to individuals and businesses, vital for those individuals to consume and those businesses to succeed. The only way for Greece to avoid austerity is with the help of its creditors, and that means another infusion of money.
• Conversely, Greece is still terribly irresponsible in how it handles that economy – and it is no longer handling its own money. The creditors have a right to be concerned and to have expectations that their efforts to help not go to waste. Not only has the Tsipras government failed to offer any real reforms to improve the situation; both Tigris and his finance minister have gone out of their way to publicly antagonize their creditors. The referendum could be seen, from a cynical standpoint, to have been an attempt to get an extension of the existing cashflow while Tigres worked out another last-ditch approach – but that failed.
Where do we go from here? Is Greece leaving the Euro?
• Greece can no longer determine its own fate; at best, it can offer more appealing negotiating terms to its creditors, a move considered unlikely with the recent release of an IMF memo admitting that austerity will keep the economy suppressed and that Greece needs another major infusion of money to stay viable.
• If the creditors refuse to give Greece and its banks more money, Greece will have no internal cashflow or means of sustaining a currency-based economy unless it prints its own money. Money so printed is not Euros – the Greek government has no legal right to create more Euros unilaterally – and so would be a second currency, one without any real value on the international markets. Gresham’s Law tells us that “bad money” – money without value – drives out “good money” – money that people value. In this case, the Euros that Greece needs to collect to pay off its debts and engage in international trade would flow out of the country, as they have already been doing – nobody outside of Greece will accept a new currency in place of the Euro, as the guarantees of the Greek government have no value; meanwhile, nobody inside Greece will desire this new currency as its purchasing power will be suspect.
You need to change some of your habits, as some things won’t work exactly as you are used to.
- Use the Tor BrowserTor does not protect all of your computer’s Internet traffic when you run it. Tor only protects your applications that are properly configured to send their Internet traffic through Tor. To avoid problems with Tor configuration, we strongly recommend you use the Tor Browser. It is pre-configured to protect your privacy and anonymity on the web as long as you’re browsing with the Tor Browser itself. Almost any other web browser configuration is likely to be unsafe to use with Tor.
- Don’t torrent over TorTorrent file-sharing applications have been observed to ignore proxy settings and make direct connections even when they are told to use Tor. Even if your torrent application connects only through Tor, you will often send out your real IP address in the tracker GET request, because that’s how torrents work. Not only do you deanonymize your torrent traffic and your other simultaneous Tor web traffic this way, you also slow down the entire Tor network for everyone else.
- Don’t enable or install browser pluginsThe Tor Browser will block browser plugins such as Flash, RealPlayer, Quicktime, and others: they can be manipulated into revealing your IP address. Similarly, we do not recommend installing additional addons or plugins into the Tor Browser, as these may bypass Tor or otherwise harm your anonymity and privacy.
- Use HTTPS versions of websitesTor will encrypt your traffic to and within the Tor network, but the encryption of your traffic to the final destination website depends upon on that website. To help ensure private encryption to websites, the Tor Browser includes HTTPS Everywhere to force the use of HTTPS encryption with major websites that support it. However, you should still watch the browser URL bar to ensure that websites you provide sensitive information to display a blue or green URL bar button, include https:// in the URL, and display the proper expected name for the website. Also see EFF’s interactive page explaining how Tor and HTTPS relate.
- Don’t open documents downloaded through Tor while onlineThe Tor Browser will warn you before automatically opening documents that are handled by external applications. DO NOT IGNORE THIS WARNING. You should be very careful when downloading documents via Tor (especially DOC and PDF files) as these documents can contain Internet resources that will be downloaded outside of Tor by the application that opens them. This will reveal your non-Tor IP address. If you must work with DOC and/or PDF files, we strongly recommend either using a disconnected computer, downloading the free VirtualBox and using it with a virtual machine image with networking disabled, or using Tails. Under no circumstances is it safe to use BitTorrent and Tor together, however.
- Use bridges and/or find companyTor tries to prevent attackers from learning what destination websites you connect to. However, by default, it does not prevent somebody watching your Internet traffic from learning that you’re using Tor. If this matters to you, you can reduce this risk by configuring Tor to use a Tor bridge relay rather than connecting directly to the public Tor network. Ultimately the best protection is a social approach: the more Tor users there are near you and the more diverse their interests, the less dangerous it will be that you are one of them. Convince other people to use Tor, too!
Not Getting My Vote
Generally speaking El Niño brings:
- cooler and wetter weather to the southern United States
- warmer weather to western Canada and southern Alaska
- drier weather to the Pacific Northwest
- cooler weather to northern Canada
- wetter weather to southern California
As big as this El Niño might be, the drought is bigger. California’s average rainfall would need to double or triple to erase the rainfall deficit that was created over four years of drought. And, if it actually did rain that much, large amounts of rainwater would be lost to flooding, making it meaningless to California’s overall thirst for water.
What Have I Prepped Lately:
Dealing with Breakup.
Dealing with Businesses. Point of the story the more time I spend on other business, it takes away from being productive on my own.
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