[peaceandlove]

Originally Posted by Steve_A

Hi peaceandlove,

Of course it's clear that the Greek government is now clutching at straws to keep its' head above water, but we can plainly see that Greece has as much right to cash payments from the Germans as do the Jewish people who claimed compensation from Germany and from the Swiss banks some 50 years after the act (WWII).

As the world accepted the Jewish complaint, so must it accept the Greek demand, or are there different rules for different people? Also, could this lead to an internal war in Europe?

Best regards,

Steve

Blessings Steve A,

This morning when I checked campaiagnforliberty.com I found this article by Jacob Hornberger which I felt was worthy to share. His blog: http://www.fff.org/blog/index.asp

Socialist Bankruptcy in Greece

By: Jacob Hornbergeris founder and president of The Future of Freedom Foundation: http://www.fff.org/

Published 02/19/10

EXCERPT:

For a while their welfare system seems to work. The socialists pluck the golden goose but the goose is still able and willing to lay eggs. But inevitably, out of their insatiable thirst for more resources, the socialists over-pluck, which causes the goose to lay less eggs. Ultimately, the goose starts getting thinner and weaker, until it finally dies.

And that's precisely what has happened in the beloved socialist paradise of Greece. They taxed and taxed and spent and spent on their socialist schemes. In fact, not satisfied with the amount of money the taxes were bringing in, the socialists went on a borrowing spree, one similar to that which U.S. officials have embarked upon to pay for their socialist and imperialist schemes.

Of course, no one cared about all that rising debt. ֻNo need to worry. We owe it to ourselvesֻ the Greek Keynesian professors undoubtedly instructed their students. Financial data was even falsified in the hopes that people would never discover what was going on.

But finally, the ever-growing spending, debt, and taxes got so inordinately high that the private sector was no longer able to bear the burden of it all. The beloved Greek welfare state cracked. Bankrupt. Busted. Another socialist success story, just like the one in the Union of Soviet Socialist Republics.

How are they resolving the welfare-state crisis in Greece? By taxing the private sector in other EU welfare-state countries in order to provide a government-to-government welfare dole to the Greek government.

By taxing the private sector in other EU welfare-state countries in order to provide a government-to-government welfare dole to the Greek government. (Now that could cause a war. No sovereignty.)

But it's just a matter of time before the same crisis strikes other European welfare states. Who will bail them out? Don't count on the U.S. government. It's following the same road as Greece.

Continues: http://www.campaignforliberty.com/article.php?view=624



SEE THIS VIDEO SERIES I JUST POSTED AT PROJECT CAMELOT

Liberty and Economics ~ Ludwig Von Mises
http://projectavalon.net/forum/newth...newthread&f=54