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Forums > Off-Topic Discussion > Greek Default -- Beginning of the end?

Body Painter

Monad Studios

Posts: 10131

Santa Rosa, California, US

Jay Dezelic wrote:
Most natural resources in the US have been regulated out of existence by our U.N. controlled Environmental Protection Agency.

Interesting.  What are a few of the natural resources that have been regulated out of existence?

Jul 07 15 09:29 pm Link

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KungPaoChic

Posts: 4221

West Palm Beach, Florida, US

Monad Studios wrote:

Interesting.  What are a few of the natural resources that have been regulated out of existence?

https://www.youtube.com/watch?v=-cDAqrywsHE

I know this one Dude

Rain!!

Jul 07 15 09:37 pm Link

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What Fun Productions

Posts: 20868

Phoenix, Arizona, US

Greece deserves what it gets.

Jul 07 15 09:44 pm Link

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KungPaoChic

Posts: 4221

West Palm Beach, Florida, US

What Fun Productions wrote:
Greece deserves what it gets.

Compassionate as ever big_smile

Let them eat Baklava!

I would expect nothing less forever and ever Amen big_smile

Jul 07 15 09:49 pm Link

Model

Jay Dezelic

Posts: 5029

Seattle, Washington, US

LightDreams wrote:
Yet the current commercial size of the U.S.'s coal and fishing industries are far larger than Canada's.  So somehow the argument that Canada can afford absurd social programs due to our coal and fishing, etc (your examples, not mine), and that the U.S.'s has been regulated out of existence by the U.N. just doesn't seem to check out...

Oh well. Anyway I'll leave it there. You can continue to sidetrack your own thread down this completely new direction, if you desire.  Or maybe get back to Greece?

My point was relevant to this thread.  Per capita natural resources can be considered part of the asset value of a country.  Countries with high per-capita net export values have a little longer staying power.  (Unless they are run by a dysfunctional dictatorship like Venezuela).

The people of Greece are now in receivership.  The per capita value of natural resources and production are not worth enough to keep Greece out of trouble.  Their unfunded liabilities vastly exceed assets and revenues--and now the momentum of the economy is lost.   The ensuing collapse of the Greek economy and the sequestering of the people's assets is inevitable.  The end result will most likely be chaos and mass suffering.

Jul 08 15 11:04 am Link

Model

Jay Dezelic

Posts: 5029

Seattle, Washington, US

Monad Studios wrote:
Interesting.  What are a few of the natural resources that have been regulated out of existence?

I am most familiar with Washington State.  Here are a few:

Lumber: The Spotted Owl controversy forced mills to close throughout SW Washington thirty years ago--leaving rural communities largely dependent on government subsistence. Now, it is understood by scientists that the timber industry was never to blame for the demise of the spotted owl.

Commercial Fishing:   Nearly all the traditional fishing communities of Washington are gone. Not for a lack of fish, but for environmental regulations designed to benefit specific corporate importers and political groups by limiting supply while doing nothing for the environment.

Coal Mining: Western Washington has immense coal reserves, but no longer any mining operations due to intense regulatory barriers.

Jul 08 15 11:05 am Link

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Jay Dezelic

Posts: 5029

Seattle, Washington, US

What Fun Productions wrote:
Greece deserves what it gets.

So does every other nation who has allowed corrupt government officials and monopolistic corporatists to take control of their society.  What is happening in Greece will soon be happening everywhere else.

Jul 08 15 11:05 am Link

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NothingIsRealButTheGirl

Posts: 35726

Los Angeles, California, US

Jay Dezelic wrote:
Coal Mining: Western Washington has immense coal reserves, but no longer any mining operations due to intense regulatory barriers.

What would coal cost if the coal industry actually had to reimburse everyone for the costs it inflicts on them?

http://www.chgeharvard.org/resource/exp … costs-coal

http://www.env-health.org/IMG/pdf/heal_ … nal1_1.pdf

Jul 08 15 11:12 am Link

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Michael Bots

Posts: 8020

Kingston, Ontario, Canada

Measurable costs inflicted on everyone (and separate from the direct costs of use).

Green Energy Subsidies Surge To $270 Billion In 2014
http://www.science20.com/news_articles/ … ear-154467

Renewables Get 25 Times The Subsidy That Fossil Fuels Do
http://www.forbes.com/sites/timworstall … -fuels-do/

http://www.usnews.com/opinion/blogs/pet … omic-sense
"the illusion of cost competitiveness"

Jul 08 15 01:20 pm Link

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Michael Bots

Posts: 8020

Kingston, Ontario, Canada

Nigel Farage to Alexis Tsipras - Greece's Moment Has Come
https://www.youtube.com/watch?v=xV5RuQ_qyQI

Greece Preparing "Alternative Currency", Kathimerini Says
http://www.zerohedge.com/news/2015-07-0 … erini-says

Greece to Extend Bank Holiday and Capital Controls
http://investmentwatchblog.com/greece-t … -controls/

Throughout history, debt and war have been constant partners
http://www.theguardian.com/commentisfre … t-partners

"In the 1980s, for example, the Greeks spent an average of 6.2% of their GDP on defence compared with a European average of 2.9%. In the years following their EU entry, the Greeks were the world’s fourth-highest spenders on conventional weaponry."


http://www.globalresearch.ca/planned-us … ce/5461051

Jul 08 15 01:42 pm Link

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NothingIsRealButTheGirl

Posts: 35726

Los Angeles, California, US

Michael Bots wrote:
Measurable costs inflicted on everyone (and separate from the direct costs of use).

Green Energy Subsidies Surge To $270 Billion In 2014
http://www.science20.com/news_articles/ … ear-154467

Renewables Get 25 Times The Subsidy That Fossil Fuels Do
http://www.forbes.com/sites/timworstall … -fuels-do/

http://www.usnews.com/opinion/blogs/pet … omic-sense
"the illusion of cost competitiveness"

^
This appears to be a pile of horse shit.

http://www.renewableenergyworld.com/art … idies.html

http://www.greentechmedia.com/articles/ … nergys-12b

It also didn't answer my question.

Jul 08 15 03:30 pm Link

Model

Jay Dezelic

Posts: 5029

Seattle, Washington, US

NothingIsRealButTheGirl wrote:

What would coal cost if the coal industry actually had to reimburse everyone for the costs it inflicts on them?

http://www.chgeharvard.org/resource/exp … costs-coal

http://www.env-health.org/IMG/pdf/heal_ … nal1_1.pdf

What would so-called green energy cost if it were not being subsidized by trillions of dollars in unfunded debt?--Debt that will eventually bankrupt America and leave desperate citizens with a burn-barrel powered third world economy.  Just watch what happens in Greece with their environmental priorities.

Progressive idealism, meet reality.

Jul 08 15 04:53 pm Link

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NothingIsRealButTheGirl

Posts: 35726

Los Angeles, California, US

Jay Dezelic wrote:
What would so-called green energy cost if it were not being subsidized by trillions of dollars in unfunded debt?--Debt that will eventually bankrupt America and leave desperate citizens with a burn-barrel powered third world economy.  Just watch what happens in Greece with their environmental priorities.

Progressive idealism, meet reality.

That's the same distraction raised again, and it STILL doesn't answer my question.

"It's inconvenient for me to calculate and pay my debts so therefore they don't exist."

Jul 08 15 04:56 pm Link

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NothingIsRealButTheGirl

Posts: 35726

Los Angeles, California, US

Jay Dezelic wrote:
Progressive idealism, meet reality.

Libertarian idealism, meet reality!

Conservative ideal--, um, lizard brain impulses? (whatever it is they have?) Meet reality!

Hey, I like that tactic!

Jul 08 15 04:58 pm Link

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Alexandria Georgiades

Posts: 26817

Sierra Vista, Arizona, US

Chris Rifkin wrote:
An example of what happens when a country runs out of other people's money....hope some of ya are observing

and any more goes into soap box territory

So true..it can happen here.

Jul 08 15 05:06 pm Link

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NothingIsRealButTheGirl

Posts: 35726

Los Angeles, California, US

Chris Rifkin wrote:
An example of what happens when a country runs out of other people's money....

Isn't that what capitalism is based on? other people's money?

Jul 08 15 05:12 pm Link

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NothingIsRealButTheGirl

Posts: 35726

Los Angeles, California, US

Chris Rifkin wrote:
An example of what happens when a country runs out of other people's money....hope some of ya are observing

So the moral of the story is: Pay your taxes!

Jul 08 15 05:15 pm Link

Model

Jay Dezelic

Posts: 5029

Seattle, Washington, US

Domino #2: China.  Stock prices in China started crashing upon fears of EU trouble over Greece.  Many Chinese investors are leveraged speculative buyers (something their government encouraged in its race to be the biggest economy on earth). 

http://www.latimes.com/world/asia/la-fg … story.html

A severe crash in China could send economic shock waves to nearly every economy on the planet.

Jul 08 15 05:25 pm Link

Model

Jay Dezelic

Posts: 5029

Seattle, Washington, US

NothingIsRealButTheGirl wrote:

Isn't that what capitalism is based on? other people's money?

“The problem with socialism is that you eventually run out of other people's money.”
― Margaret Thatcher

Do you think she really meant capitalism?

Jul 08 15 05:31 pm Link