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In the discussion thread: Teachers: Why are you so pissed? [View all]

Response to blue ivy schlotsky (Reply #2)

Mon Feb 20, 2012, 03:08 PM

4. With the Post Office, definitely...

 

Republicans want to privatize everything, so they set them up to fail. One wonders how capitalists will make money once they have "mined" the commons for everything of value.

Europe, I think, is more complicated, but I think in the financial system as it exists, someone has to fail. The question is who is going to assume the costs for the failures that are built into the banking/monetary system. The fairest thing would be for investors to take the biggest hit, since the interest they get on loans is for the risk of loss they take. But the EU is essentially controlled by banksters, who do not want to eat the losses, so they are going to try to force ordinary Greeks to do this, even this will take Europe back into recession.

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Arrow 16 replies Author Time Post
Smarmie Doofus Feb 2012 OP
Blue Meany Feb 2012 #1
blue ivy schlotsky Feb 2012 #2
LineLineLineReply With the Post Office, definitely...
Blue Meany Feb 2012 #4
fascisthunter Feb 2012 #6
proud2BlibKansan Feb 2012 #3
Smarmie Doofus Feb 2012 #5
proud2BlibKansan Feb 2012 #8
Smarmie Doofus Feb 2012 #9
proud2BlibKansan Feb 2012 #12
DCKit Feb 2012 #7
Smarmie Doofus Feb 2012 #13
DCKit Feb 2012 #14
Bruce Wayne Feb 2012 #10
Smarmie Doofus Feb 2012 #11
ibegurpard Feb 2012 #15
Smarmie Doofus Feb 2012 #16
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