When you run out of other people's money

[Gasser64]

At least it's an ethos.

Hahaahahah! There's a pretty strong boosh buried in there.

[Denny]

Jody, are you concerned with Puerto Rico as much as this Greece crap?

[racrguy]

Racrguy seems to lean pretty far left. Maybe dohctr too, national socialist and all that.

Because I don't agree with the hard line conservative viewpoints? Aight then.

[svauto-erotic855]

SVO855 will you forego your Social Security? Before you say that "you paid in" realize that it is a transfer program, not an investment program.

I will never take a dime of Social Security money, again. My father was KIA when my mother was a few weeks pregnant with me. Until I turned 18 she received some sort of government check that could have been Social Security but I do not know for sure.

Maybe so, for people that have made a lot of money in their lives it can easily be $3,000 a month.

I'd forego mine if I could withdraw from the program now and invest the money myself.

You can withdraw from the system if you are willing to take the risk. There are also 2 county's in the USA that withdrew from the system while that was still allowed and the ROI for them is about 8 fold what SSI gets.

Say what you will about national socialism (I am not one), but that shit worked like a motherfucker for the Germans. It took a shit-tier, broken, war torn society filled with pessimism and brought it center stage to become the envy of the world.

Then they dun goofed by invading people and shit.

It worked like a motherfucker for the Germans because they were in part using stolen wealth taken from a wealthy minority. Hitler also lit a fire under their asses and got them motivated again. The western white man is a force to behold when they have a goal to work towards. Socialism only works in a society that has no free loaders.

[Gasser64]

I'd like a nice little mix of libertarianism and democratic socialism, and a return to of the Civilian Conservation Corps. You're broke, and you need a hand? Fine, but I'm getting some goddamned new roads. Everyone that chooses means testing for a real disability handout is getting vetted by a Marine Corps DI.

Polar opposites don't really mix well. Ask a libertarian, and he'll say he wants the government to shrink to much, that socialism couldn't possibly exist under those conditions. That's not even looking at his stance on socialism itself. But just what would happen if libertarians actually got their way. Democratic socialism is also an oxymoron, as you can see from our current state of affairs. I'd like to know how you propose to stop the politicians from meddling in it, as well as generally promising it to moochers for votes. I mean I know how I'd stop it (if I believed in it which I don't) but I'd still like to hear how you'd stop it.

How I'd stop it would be the simple public hanging. Anyone in office caught meddling, or pandering for votes mentioning or using the system, would face a very fast trial and immediate public hanging. We'd always be looking for one to hang, so the example stayed fresh. When one of 'em doesn't burn for awhile, the rest get all uppity. Mentioning or in any way suggesting doing away with the public hanging policy would also be grounds for public hanging. Since this would clearly be just a poorly veiled attempt to get to meddle in the public funds, as well as promise undeserved money to moochers.

Because I don't agree with the hard line conservative viewpoints? Aight then.

Neither do I, and I still disagree with you on pretty much everything political. What now?

[YALE]

They're not polar opposites, but I applaud you for zeroing in on the word, "socialism," and ignoring the qualifier in front of it. It really speaks to your literacy on the topic. Your detailed consideration of the topics we deal with on this board never cease to impress me.

[Gasser64]

They're not polar opposites, but I applaud you for zeroing in on the word, "socialism," and ignoring the qualifier in front of it. It really speaks to your literacy on the topic. Your detailed consideration of the topics we deal with on this board never cease to impress me.

Yeah, I'm not really up to speed on all the excuses socialists give. Its always some new reason why it'll work, this time. So I'll give it to you, you're accurate on that. And by you're own admission, you're a socialist. Didn't have you pegged wrong after all. "I'd like to a mix of...and democratic socialism" doesn't really leave much room for any of your beloved interpretations. And yes, they are polar opposites. If you don't think so then you simply don't have any understanding of either one. Or rather, their real world application. You people never could tell the difference between what's written on a piece of paper, and what's going to happen. What's going to happen with socialism, can't exist with what's going to happen with libertarianism. I really don't see how someone who claims to be as well read and educated as you, couldn't see this. Unless of course, you just threw the "libertarianism" in there because you know the nature of this board, and you knew the ire you'd earn for just saying "I wanna see teh socializms!!"

The only reason libbies don't just abhor libertarianism utterly (most of them do given their propaganda articles) is because libertarians think the government has no right to say what you do with your own body. IE, abortions, gays, and drug use. Thats it. Beyond that they're at war. Your "mixture" would result in one eliminating the other, given some time to do it. The libertarian would always be trying to kill the socialism, and the socialism couldn't exist with that going on, and without the ability to force its will on the public. Ever notice how you end up in handcuffs if you don't pay what they tell you to? And you ever notice how they shoot you if you resist being put in the handcuffs?

[YALE]

Once again, spot on understanding of the source material.

[Gasser64]

Once again, spot on understanding of the source material.

Your old mainstay eh? "You just don't understand!!"

Yeah that excuse ran out about 5 years ago, for you. For socialism at large, it ran out long before that.

[YALE]

Your old mainstay eh? "You just don't understand!!"

Yeah that excuse ran out about 5 years ago, for you. For socialism at large, it ran out long before that.

I keep telling you. I would never doubt your comprehension of the subject you're tackling.

[Gasser64]

I keep telling you. I would never doubt your comprehension of the subject you're tackling.

Well then, Mr. Professor. Please grace us with your infinite wisdom. I'm all ears. Here's your opportunity. Tell me where I have it wrong, and how it would work if they'd just adhere to the way you'd have them do it. Instead of just repeating the word "subject", get specific.

[YALE]

Well then, Mr. Professor. Please grace us with your infinite wisdom. I'm all ears. Here's your opportunity. Tell me where I have it wrong, and how it would work if they'd just adhere to the way you'd have them do it. Instead of just repeating the word "subject", get specific.

I already explained my position. If you don't understand it, repeating my position won't help you. We are at an impasse.

[Broncojohnny]

Now the banks are going to help themselves to 30% of deposits, just like Cypress. I am not sure why any sane person would have their money in the banks over there any way.

http://www.cnbc.com/id/102809081

Greek banks prepare plan to raid deposits to avert collapse

Kerin Hope, Athens
1 Hour Ago
Financial Times

Greek banks are preparing contingency plans for a possible "bail-in" of depositors amid fears the country is heading for financial collapse, bankers and businesspeople with knowledge of the measures said on Friday.

The plans, which call for a "haircut" of at least 30 per cent on deposits above €8,000, sketch out an increasingly likely scenario for at least one bank, the sources said.

Sakis Mitrolidis | AFP | Getty Images

A Greek bail-in could resemble the rescue plan agreed by Cyprus in 2013, when customers' funds were seized to shore up the banks, with a haircut imposed on uninsured deposits over €100,000.

It would be implemented as part of a recapitalisation of Greek banks that would be agreed with the country's creditors - the European Commission, International Monetary Fund and European Central Bank.

"It [the haircut] would take place in the context of an overall restructuring of the bank sector once Greece is back in a bailout programme," said one person following the issue. "This is not something that is going to happen immediately."

Eurozone officials said no decision had been taken to wind up any Greek banks or initiate a bail-in of depositors, a process that would be started by the ECB declaring the banks insolvent or pulling emergency loans.

Greece's banks have been closed since Monday, when capital controls were imposed to prevent a bank run following the leftwing Syriza-led government's call for a referendum on a bailout plan it had earlier rejected. Greece's highest court rejected an appeal by two citizens on Friday who had asked for the referendum to be declared unconstitutional.

Depositors can withdraw only €60 a day from bank ATM cash machines, while requests to transfer funds abroad have to be approved by a special finance ministry committee in co-operation with the Greek central bank.

Two senior Athens bankers said the country had only enough cash to keep ATMs supplied until the middle of next week. This followed the ECB's decision this week not to increase Greece's allocation of emergency liquidity assistance after the bailout programme ended on June 30.

The outcome of Sunday's referendum will determine how quickly Greece wraps up a new bailout agreement with creditors, a top Greek banker said.

"The solvency of Greek banks is not currently an issue, but obviously the banks will be affected by how soon the country enters a new programme," the same banker said.

Greek deposits are guaranteed up to €100,000 in line with EU banking directives, but the country's deposit insurance fund amounts to only €3bn, which would not be enough to cover demand in case of a bank collapse.

With few deposits over €100,000 left in the banks after six months of capital flight, "it makes sense for the banks to consider imposing a haircut on small depositors as part of a recapitalisation. . . It could even be flagged as a one-off tax," said one analyst.

[46Tbird]

They sure used a lot of words in that article that don't call it what it really is: Theft.

[matts5.0]

I already explained my position. If you don't understand it, repeating my position won't help you. We are at an impasse.

Just out of curiosity, show me where you explained it.