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Welcome to Harrys Greece Travel Guide. Cond. The honor of holding the number one country in the world for tourists is a great one and perhaps bitter- sweet for Greeks as it comes amidst several crises impacting the country. The current financial crisis that has been gripping the country for the past several years not to mention the impact of the refugee crisis that has seen almost 6.
Greece, has not deterred all potential visitors from visiting the breathtaking beaches, enchanting islands, 1. UNESCO World Heritage Sites and ancient ruins that make Greece so memorable. Even with lack of booking to some Greek islands hit hardest by the refugee crisis such as Chios, Lesvos and Samos, Greece is still projected to reach almost 3. Mexico. Here are the top 1. CN. He exposes the fractional reserve banking system as the system which exploits by collusion with government.
Essentially If you have ten dollars you can lend out a hundred or even more. Being Over Leveraged and derivative chain linked ownership are a relatively modern, last 3.
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- From Travel + Leisure Magazine, August 2016 .
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Banks work with government to maintain the veneer of legitimacy for both. A career in Banking was not envisioned as Holy by the Great Religions all of whom condemn USURY. Sinful usury seems to have become the West 's Guiding Credo. Clay feet & fiat money. King Henry VIII of England 1.
USURY . Originally, usury meant interest of any kind. A loan may be considered usurious because of excessive or abusive interest rates or other factors. Historically in Christian societies, and still in many Islamic societies today, charging any interest at all can be considered usury.
Historically, some cultures (e. Christianity in much of Medieval Europe, and Islam in many parts of the world today) have regarded charging any interest for loans as sinful. Some of the earliest known condemnations of usury come from the Vedic texts of India. Though the Roman Empire eventually allowed loans with carefully restricted interest rates, the Christian church in medieval Europe banned the charging of interest at any rate (as well as charging a fee for the use of money, such as at a bureau de change). Public speaker Charles Eisenstein has argued the pivotal change in the English- speaking world seems to have come with lawful rights to charge interest on lent money.
Wikipedia. Show More.. NO wonder people, especially those newly arrived find the West is not Dizneyland after all. With no direction home many are drifting, wallowing and filled with a lack of purpose or fulfillment. Disenfranchised souls not taking their medication.
ALERT: ELEPHANT IN THE ROOMWho got us into this pension fund debacle anyway? Because that's what this is really about. Greeks are forced by law to pool their pension fund withholding - this still goes on even today! The idea being the money will be invested and grow to meet the needs of the funds. This is not happening, maybe it never happened - think about it - pensions are being slashed - then why are we still doing it?
Dereliction of Duty. Paravasee Katheekondas. This accusation is the Greek Bureaucrats biggest fear! Can You believe that Greek lawyers have been on strike for a year or more? Also you'll hear the term 'Moral Hazard'. I thought I knew what Moral Hazard meant but looked it up and saw its one of those tricky lawyers terms.
It boils down to politicians not being responsible for the agreements they bind the citizens to with International banks. In fact, Greece's Bank of Greece is wholly owned by the International Banking Cartel. Catch them if you can! Greece does not control its own money.
Essentially we are now squatters and can be evicted and only just realized it. Millions of innocent Greek citizens are overwhelmingly indebted or taxed because there was no true leadership willing to say no to the games (Moral Hazard). They talk about NPL Non Performing Loans of individuals but not of the Previous Administration(s). They bandy about a 5. Is it the addicts fault or the pushers? Tranche is a deadly designer drug.
Its gone into Precious metal hordes of Government Central Banks and prudent savers. Raise the price of gold and people will start to cash in and stimulate demand & prices. Rinse, Lather, Repeat! Having known were they given an opportunity to say no? At this point this is the difference it makes. If this is socialism give me a technical government, basic services and take your EU and shove it deep, deep, deep in to the annals of history. They Greek people were kept woefully uninformed and cozened into in a deliberately fuzzy financial environment and there are people to blame.
With lack of oversight and no training ministry financiers blithely signed our souls away on the dotted line. That they mingled their blood with ours in the signature is highly doubtful.
MORAL HAZARD And also the deliberately kept in the dark population were clueless to the ensuing financial embarrassments caused by same USUROUS bank loans and we now find our selves OUTRAGEOUS new taxes. Totally changing your mind set about Greece. Rendering previous research void and a waste of time. Then the fines for late payment are worse than those of the Sublime Porte. Greece' Draconian economic regulation is causing itself an even sicker economy and engendering a mean of subsistent mediocrity. Its Ruined much of Greece Charm. I didn't move to Europe!
Give it Back!!!! This is the Bubbles Peak - Mike Maloney - Aug. Precious metals dealer and monetary historian Mike Maloney is quite confident the liquidity- driven 'recovery' created by the world's central banks is now over.
In his estimation, the path ahead is one of accelerating descent into inevitable currency destruction: What the central banks are doing has never worked and they keep on trying . They have these theories and they think that the theory is correct that this . Japan has been trying this for 3. These people are just absolutely dangerous.
They are going to drag the entire world economy down. You talked about the helicopter money that is now happening in Europe and so on. That is going to be coming to the United States soon. Coming to a Central Bank near you. They don’t look at this. It is a huge wealth transfer. I haven’t found a central bank that is part of the government.
Here is a private entity that is allowed to create currency and now they are buying bonds from corporations? A very large portion of it is Fanny Mae and Freddy Mac stuff. It is the mortgage backed securities. And so that means that they own real estate.
This private corporation is able to counterfeit and purchase real estate legally. The morality of this is insane. Keynesian economics isn’t even remotely plausible.
But it's what is taught all over the world. They don’t understand fundamental economics.
This is the problem that we have: all economies on the planet are being run by economists that don’t understand economics. We trade hours of our lives for currency. That is the purchasing power. Then that currency measures the goods and services in a society. They think that they can actually print wealth.
When they print new units of currency, the only way it can get purchasing power is the moment that it is spent in the circulation - - it has to steal it from somewhere else because it is empty when it comes into existence. There is no work that went into it. There are no hours of life traded for it. There is no product or service that it represents until it is spent in circulation and then it steals that purchasing power from all other units of currency. They can’t actually stimulate an economy. All they can do is warp it.
They can steal purchasing power from some areas of the economy and transfer it to another area of the economy pushing that area into a bubble. It is very, very disruptive. Now we've got bubbles in stocks, real estate and bonds.
This is going to be one hell of a crisis. This is the peak . There is usually a little tiny roll over and then a huge crash. And the little tiny roll over is just starting right now.
I have often said that the crisis of 2. We are in the process right now of seeing this unwind. However, it has slipped 1.
This is seen as evidence of the fact that the tax- paying capacity of Greeks and of local enterprises is growing continually smaller. In total there are 4,1. BANKRUPT needshelp to pay pensions. The administration of the Social Security Foundation (IKA) is on Thursday expected to seek approval for additional funding from the Social Security Capital for the Solidarity of Generations (AKAGE) reserves to cover part of its constantly growing deficit. These are halting payments to third parties for which it collects revenues, such as the EOPYY healthcare service organization, additional financing from the state budget, and recourse to AKAGE.
It appears that IKA will use all three of those instruments to make sure that pensions are paid out without any problems in the last few months of the year. Value Added Tax of 2. That's just the beginning. Witness Greece today and Illinois, Puerto Rico, Italy Spain, Portugal and Ukraine. On the underdog's side Iceland and now Ireland have jailed bankers with success! You have got to wonder how can a bank using digital money can go broke anyway? Its banks setting the rules for themselves isn't it?
Banks make loans in digital money, under the fractional reserve system they supposedly have a fractional reserve of (a % percentage of) each loan in digital money. For security and probity? Tucked away for back up? In Greece we call this' hiding behind ones finger. Only this: people are catching on. The more you make or print, the less its worth.
And a debt based system like this is only sustainable if its growing. Greece is shrinking. We and the world need to go back to sound money or a variety cocktail of widely supported monies platforms and specie. We'll still have a use for banks and financial services. Maybe we'll have debt too but by making local loans and bringing jobs back to Greece.
Debt on this huge, derivative, chained lightening scale is unsustainable. Or Greeks can remain debt slaves and our children too.