Showing posts from June 24, 2011

Max Keiser on The Alex Jones Show talking about Greece Crisis

Max Keiser & Alex Jones: The History of What Happened to Greece . Max Keiser is a film-maker, broadcaster and former broker and options trader Max Keiser speaks about about the economy and other topics. Alex covers the latest news from around the country and the world.
Greece has defaulted on its debt time and time again. The Greeks don't want to pay the taxes for the expansive social welfare state. Their govt. then borrows money. They used to just print their way out when they issued the drachma. When they joioned the EU they were thought to be a safe risk because there was an implied safety net for bondholders in the credit worthiness of the rest of the EU. The bondholders/banks shouldn't get bailed out though.
"The Constitution preserves the advantage of being armed which Americans possess over the people of almost every other nation where the governments are afraid to trust the people with arms." -James Madison

We already know the government is scared of us…