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Forums - Sales Discussion - Market Meltdown, Dow crashing!

Slimebeast said:
papflesje said:
Slimebeast said:
What's going on?

Short version: Greece is acting up. They have to save a ****load of money because they had been living above their level and now some people are actually burning down the country because they don't want to accept salary cuts to save the finances of the country...

lol

It's not really that funny considering people are dying and lives are being ruined.



Anyone can guess. It takes no effort to throw out lots of predictions and have some of them be correct. You are not and wiser or better for having your guesses be right. Even a blind man can hit the bullseye.

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Grimes said:
Slimebeast said:
papflesje said:
Slimebeast said:
What's going on?

Short version: Greece is acting up. They have to save a ****load of money because they had been living above their level and now some people are actually burning down the country because they don't want to accept salary cuts to save the finances of the country...

lol

It's not really that funny considering people are dying and lives are being ruined.

It's called black humor, son.



Actually it's a little more complicated:Some people are actually burning down the country just for fun (hooligans) when others are doing peaceful courses because they don't want to accept salary cuts(proletariat) while some other people are becoming even richer by tax evasion, by working in the state(including politicians) and getting huge salaries for doing nothing etc.

 

 



Impressive how much chaos 11 million Greeks can cause.

I just hope that the people of Greece manage to seize this crisis as an opportunity to rebuild better institutions. Trying times like these are a great window for change, and there's not much else positive about them.



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The guys betting against Greek and making a fortune are now laughing because they probably also bet against the Dow.

I would have to say burn them and all is good.



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hellraider said:

Actually it's a little more complicated:Some people are actually burning down the country just for fun (hooligans) when others are doing peaceful courses because they don't want to accept salary cuts(proletariat) while some other people are becoming even richer by tax evasion, by working in the state(including politicians) and getting huge salaries for doing nothing etc.

 

 

so is becoming my country



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Extremely glad the UK is not in the Euro. I was in favour of the Euro until Greece and the pound falling from ~1.50 to 1.10 against it.



The EU just expanded to quickly. It was a good idea with a solid foundation, but they just brought in to many country's whos economic culture were far to different.

The Dow closed -350, which considering it was down almost 1k early in the day isn't to bad.



Well it must be said that what's happening to the euro and to greece is the fault of Goldman Sachs as they were the company to approach Greece in 2000 offering to touch up their general fiscal results so that greece could enter the Euro zone more quickly. This procedure was carried out for a couple years and resembled what Enron did with their mark to market accounting scheme, only the other way around. Instead of adding in profits that may have not ever be realized Greece kept pushing some losses to future years so that they would be spotless in the short term.

The situation would ridiculously easy to handle if it were not for the Euro. Under normal circumstances Greece would have just devaluated their currency by some 40-50% and everything would be okay. Now they have to take the long hard way around the subject...all thanks to their impatience.



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Thank God the UK isn't with the Euro



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