Luis de Guindos, Advisor for Lehman Brothers Europe and Director of the their banks in Spain and Portugal in 2006 -where he remained until the collapse and bankruptcy in 2008- is now pressuring the Greeks to go down Bailout Road with his Collectivist crony U.S. Treasury Secretary Jack Lew. Both are urging Greece to strike a deal with creditors ASAP warning that a default will 'create immediate hardship' and damage the world economy.
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Capitalist Pig Bob argues that this bailout circus of keeping Greece stuck in the failed European Union will merely be a short-term fix with long-term consequences that will cause the world's 1st Democracy to eternally lose its Sovereignty. Sad.
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What do these modern-day Collectivists not understand, or perhaps they do understand and their Endgame is to eventually strip Greeks of their Flag and Country. Do you agree?
Spain's Economic Minister Luis de Guindos
U.S. Treasury Secretary Jack Lew
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Capitalist Pig Bob adamantly disagrees with both of the above anti free-market Pushers and asks every person reading this to share it with as many friends and relatives as humanly possible.
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Perhaps we only need former U.S. Treasury Secretary Paulson to join this twisted global propulsion in favor of Big Govt to forge a fast lane to extinct Darwinian Capitalism.
Sad days indeed as the most astute Risk-Taker/businessman has never been so frustrated, confused, and concerned about the current Monetary headlock Central Planners have placed us in.
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Pig Bob thinks the regimes today have strayed off-course and are too extreme. There stand to be far worse fallouts post-bailouts than if we allowed organic Economic forces to right themselves.
.Perhaps we only need former U.S. Treasury Secretary Paulson to join this twisted global propulsion in favor of Big Govt to forge a fast lane to extinct Darwinian Capitalism.
Sad days indeed as the most astute Risk-Taker/businessman has never been so frustrated, confused, and concerned about the current Monetary headlock Central Planners have placed us in.
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Pig Bob thinks the regimes today have strayed off-course and are too extreme. There stand to be far worse fallouts post-bailouts than if we allowed organic Economic forces to right themselves.
Long live Wall Street, long live Winners and Losers, Economic Peaks and Troughs, Booms and Busts, Fear and Greed, Capitalists over Collectivists, all necessary elements for a more organic free-market system to flourish.
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What caused the U.S. to become the envy of every country over the last 100-years and what enables healthy market-cycles are less government intrusion, not more.
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Though the 2008 Financial Crisis was more psychologically painful than any in the past, we realize that nearly every generation endures some Economic crisis that causes them to feel that things will never be as good as they were in the past.
Yet history has proven that thinking is wrong since today's average person has never been so productive or witnessed so many technological advancements, but especially in Biotech.
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The horsepower of Darwinian Capitalism must be rooted in the ability of Individuals Pursuing their Self-Interests. No government should allow its citizenry to be gypped by burdensome Agencies and Central Planners who believe Political Self-Interest is somehow more Noble than Economic Self-Interest like Guindos and Lew.
https://www.youtube.com/watch?v=MQ0-cDKMS5M
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Strip the Risk-Taker's Trust of an Economic system -butt especially due to global Monetary manipulation we have today- and the chances of organic business cycles making a comeback are many times more difficult to envision.
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April, 19, 2015:
Greece is in negotiations with the International Monetary Fund and European authorities to receive the final 7.2 billion euro ($7.8 billion) installment of its financial bailout. Creditors are demanding that Greece produce credible reforms before releasing the money.
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The country has relied on loans from the international community since 2010. Without more bailout money, Greece could miss two debt payments due to the IMF in May and run out of cash to pay government salaries and pensions.
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“It’s something that the European and global economies don’t need — to have another crisis,” Lew told reporters Friday.
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Fears that Greece could default and abandon the euro currency group sent shockwaves through global markets Friday. After being down nearly 360 points, the Dow Jones industrial average recovered a bit to finish down 279.47, a drop of 1.5 per cent.
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Lew said he stressed in a series of one-on-one meetings, including discussions with Greek Finance Minister Yanis Varoufakis, that it was urgent that the debt negotiations be resolved quickly.
Greek Finance Minister Yanis Varoufakis
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The status of the Greek debt talks was a prime topic on the sidelines at the spring meetings of the 188-nation International Monetary Fund and its sister lending organisation, the World Bank. Those meetings were scheduled to conclude Saturday with financial officials addressing a variety of issues — from the weak global economy to a stalled effort to overhaul IMF voting procedures.
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The negotiations over Greece’s debt have proved contentious. Greek officials said they planned to meet with creditors Saturday in a search for “common ground.”
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Some finance officials expressed their frustration with Greece’s new left-wing government, elected in January. Luis de Guindos, Spain’s economy minister, said the Greek government had sent “contradictory” signals regarding the negotiations.
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“We have wasted very precious time over the last three or four weeks,” de Guindos said in an interview with The Associated Press. “The communication of the Greek government has not been great. They have not made a lot of friends,” he said, while adding, “I expect and I hope that the communication will improve.”
http://psychologyofthecall.blogspot.com
