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Plain Truth on Euro Debt Crisis   [Copy link] 中文

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Post time 2012-7-10 03:25:17 |Display all floors
This post was edited by MisterLianghui at 2013-9-13 18:53



(Unlike socialist communist democratic society), in the West the wealth is not in the hands of the state and government.

It is predominantly in the hands of wealthy establishment class and banks/coporations they set up.

Western govt thrives on the hands-out from them.


Case study 1:
British colonial empire, at the height of colonial era, while essentially sucked up the whole wide world's wealth,
and yet British Government was bankrupt and declared bankruptcy twice, since her enormous wealth was mainly in the hands of wealthy blue-blood upper-class.

Case study 2:
How come a small nation like Greece with the population of a mere 10 millions ended up with a $500 billion debt ?
And yet, in the past few years, wealthy Greece citizens have transfered around $500 billions to foreign banks and
investment funds in other part of Europe.



         So the question remains -  are they really dirt broke, or just top heavy?





In era of universal deceit, telling the truth becomes a revolutionary act (George Orwell)

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Post time 2012-7-10 03:56:56 |Display all floors




"In era of universal deceit, telling the truth becomes a revolutionary act."


                                                            - (George Orwell)


In era of universal deceit, telling the truth becomes a revolutionary act (George Orwell)

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Post time 2012-7-10 09:28:56 |Display all floors
MisterLianghui Post time: 2012-7-10 03:56
"In era of universal deceit, telling the truth becomes a revolutionary act."

sagacious words!

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Post time 2012-7-10 10:41:13 |Display all floors
Of course, there were no Spanish, Dutch, French, Belgian. Portuguese, Italian or German colonialists - only British. Get a grip buddy. Britain has mended its ways, given up colonialism, abolished slavery (long before China did) and moved on.

Time to do the same.

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Post time 2012-7-13 08:03:17 |Display all floors
MisterLianghui Post time: 2012-7-10 03:56
"In era of universal deceit, telling the truth becomes a revolutionary act."





Don't forget that a mere one percent 1% of American elite own 35% of U.S wealth.



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Post time 2012-7-13 13:29:23 |Display all floors
barbarianmo Post time: 2012-7-13 08:03
Don't forget that a mere one percent 1% of American elite own 35% of U.S wealth.

in china, all profit belong to authorities and their lacqueys.

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Post time 2012-7-13 13:36:50 |Display all floors
wb000111 Post time: 2012-7-13 13:29
in china, all profit belong to authorities and their lacqueys.

Very well said. At least, it ends up there, even if it doesn't belong there.

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