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oritteropo (Member Profile)

RedSky says...

Yeah, the vlog guys always have something interesting to add. Compared to Brazil, I gotta say we still look practically squeaky clean

oritteropo said:

Thanks

I actually thought I'd been following the story, but the vid mentioned things that were new to me.

As Australians I think we can appreciate the sentiment of corruption investigations ending in pizza

Brazil's Government is Falling Apart...and it's Good News?

The surfer not considered hot enough for sponsorship

ChaosEngine says...

@Payback
>>>If they're saying she couldn't get sponsorship AFTER winning major competitions?
She was 8 times best surfer in Brazil and 2nd in the world twice. Isn't that proving yourself?

@Babymech
>>> I just don't think we owe it to the people who are the best at a form of exercise to provide them with a living.

Well, there's a whole other discussion we could have about how the world would be a better place if a) people who were really good at anything were paid to do it and b) people in general were owed a universal basic income, but that's probably too broad for this topic.

So let's take it as read that, in the world today, NO-ONE is owed a living based on what they do. I write software, I am not inherently entitled to be paid just because I'm good at it. I'm paid because I provide value for my employer.

My issue is not whether or not anyone should be paid for surfing. If no-one was paid for surfing, I can live with that. But people ARE paid for surfing and my issue is that she's not being paid for two reasons: she's a woman and she's not a model.

Even if you wanted to say that all surfers have to be attractive, well, I'd think that was stupid, but I could deal with it. But no one tells Mick Fanning he's not hot enough.

Because he'd shark punch the shit out of them. Because Mick Fanning is awesome.

Not today death: Old man narrowly avoids being hit by train

Babymech says...

On the one hand, that old person is an incredible asshole doing their best to traumatize a train driver, but on the other hand that crossing seems ridiculously unsafe. What the hell, Brazil.

the enslavement of humanity

coolhund says...

Where is the option for the cotton planter to change careers to something they find interesting and challenging?

Does it matter? If you have a job that you studied for in college and suddenly notice it doesnt fit you, you have to work a lot to correct that for no pay, you actually have to pay for it. Also if youre 40+ and want to start a new career human resource managers will rather take someone who didnt have the issues like you and has the years experience in actual work at the same job. So you will always be at a huge disadvantage if you decide to change professions.
All these "super successful" people you see on TV that proudly talk about how they did all that so well, "just because they worked soooooo hard" (everyone either does that, or claims it), are exceptions to the rule!



Where are the benefits of infrastructure?

Uhm, those infrastructures are mostly used to get to your job or do your job anyway. What good are they if you work where you live, like those slaves?



How about healthcare?

AFAIK slaves got good healthcare, since they were property and the owner would lose money if they "broke" and couldnt be fixed.
Also I wouldnt call American healthcare good. People have to pay for it. And often have to take huge debts on themselves and their family to survive or be still able to work.



How about individual's rights?

Individual's rights? Yeah, maybe against other "slaves", but not against the state or rich people. They will always have a huge advantage compared to you. And actually they do what they want all over the world. Just look at those cesspools Syria, Libya, Ukraine, Iraq, Afghanistan, etc. Millions killed for what? Are you safer now than before 9/11? No. The whole world is actually MUCH MUCH unsafer now. All thanks to your masters that care so much about the "individual's rights".
They even have the audacity to threaten NATO countries with invasion if they ever dared to bring one of them before an international tribunal.



How about protection from hostility?

Hostility from whom? Terrorists? Are you kidding me? Terrorists who are only created due to inhumane politics aswell? Criminals? Do you know that crime is actually not something we are born with, but we actually learn to do, because of our surroundings? If a lot of people feel treated unfair and cant do anything about it, crime rate will skyrocket. It has been that way for thousands of years. Look at other countries that treat their people much more humane and actually even pay then enough to live a good life even if they dont work, or have never worked! They shudder when seeing American crime rates. You can compare yourself more to Brazil than to Europe.



How about ever improving quality of life?

Most people are extremely stressed in their life, due to their job, not having enough time because of their job, being frustrated because other people have more then them, while working less (or not at all), having health issues due to their work and they know they cant change the job because they wont get another one, they simply hate their job, but also know they cant get a better one, etc, etc, etc.
There was a study a few years ago where they found out that people 500-1000 years ago were actually very happy. They didnt have to work nearly as much as we do nowadays! It wasnt rare that they only worked 6 months a year, and even if they worked they had MUCH longer breaks every day and didnt work as long. And they lived a good life for those times. Of course nowhere near as good as the monarchs, but it wasnt nearly as bad as its commonly claimed.

One thing has changed though: If youre smart and/or lucky (as in having a rich family) you can open your own company, do what you love. But even that gets harder and harder because the competition gets higher in numbers and in quality.

Barbar said:

It's definitely not spot on. It makes some points, but it misses them elsewhere.

Where is the option for the cotton planter to change careers to something they find interesting and challenging?

Where are the benefits of infrastructure?

How about healthcare?

How about individual's rights?

How about protection from hostility?

How about ever improving quality of life?

I'm all for complaining about the clown show that is the current state of US (amongst other countries) politics. But don't pretend that you are afforded no benefits by the state.

This has the intellectual honesty of a Bill O'reilly segment.

Russian "Love Cheat" Gets Some Help From The Fire Brigade.

Brazil Bossa Lounge Cafe

Driver Parked in Handicap Zone Gets Handicapped By Stickers

Driver Parked in Handicap Zone Gets Handicapped By Stickers

Driver Parked in Handicap Zone Gets Handicapped By Stickers

Driver Parked in Handicap Zone Gets Handicapped By Stickers

White Party - A Lesson in Cultural Appropriation

Lion feels earth & grass beneath his feet for the 1st time!

oritteropo says...

The yt description also says they've named him Will, and that he would be unsuitable for rehabilitation to the wild, as he was born in captivity in Brazil, but they want him to lead a life with as much dignity as possible from here on in.

Watch German official squirm when confronted with Greece

radx says...

Wall of text incoming. Again.

Sorry. Again.

tl;dr:

Debt relief right away was proposed, was neccessary, and was skipped to protect the European financial system.



You are 100% correct, we both are as convinced as one can be that a disorderly collapse would have been much worse for Greece. Might have turned it into a failed state, if things went really bad.

But the situation in Greece at the time the Troika got involved suggested a textbook approach would work just fine. Greece was insolvent, no two ways about it. A debt restructuring, including a haircut, was required to stabilise the system. Yet it was decided against it, thereby creating an enormous debt bubble that keeps growing to this day, destabilising everything.

Why?

People in Brussels, Frankfurt and Berlin knew in May of 2010 that Greece cannot service its current debt, nevermind pay it back. I remember rather vividly how it was presented to us, as it stirred up a lot of dust in Germany. They pretended as if the problem was a shortage of liquidity, even though they knew it was in fact an insolvency. And to provide an insolvent nation with the largest credit in history (€110-130b) is... well, we can all pick our favorite in accordance to our own bias: madness, idiocy, incompetence, a mistake, intent. They threw Greece into permanent indebtedness(?), and also played one people against another. People in Germany were pissed, still are. Not at the decision makers, but the Greek people.

Again, why?

Every European government, pre-crisis, drank the Cool Aid of deregulation, particularly with regards to the financial sector. When the crisis hit, they had to bail out the banks, a very unpopular decision in Germany, given the scandalous way it was done (different story). Like I pointed out before, when Greece was done for, German banks were on the hook for €17b+, and the French for €20b+. So no haircut for Greek debt.

It gets even better. The entity most experienced in these matters is, of course, the IMF. But IMF couldn't get involved. Its own regulations demand debt to be sustainable for it to become involved in any debt restructuring. Strauss-Kahn had the rules changed in a very hush-hush manner (hidden in a 146 page document) to allow the IMF to lend vast sums to Greece, even though they knew it would not be payed back. Former EC members are on record saying the Strauss-Kahn decided to protect French banks this way as a part of his race for President in France. So they changed IMF rules and ignored European law to bail out German and French banks, using the insolvent Greek government as a proxy.

Several members of the IMF's board were in open opposition. The representatives of India, Russia, Brazil and Switzerland are on record, saying this would merely replace private with public financing, that it would be a rescue package for the private creditors rather than the Greek state. They spoke out in favor of negotiations of a debt relief.

And if that wasn't bad enough, there's an IMF email, dated March 25th, 2010, that was published by Roumeliotis, formerly IMF. They put it very bluntly:

"Greece is a relatively closed economy, and the fiscal contraction implied by this adjustment path, will cause a sharp contraction in domestic demand and an attendant deep recession, severely stretching the social fabric."

Even the IMF, who chose parameters according to their own ideology, thought the European program to be too severe. That's saying something.

All that is just about the initial decision. The implementation is another story entirely, with unelected and unaccountable bureaucrats telling a democratically elected government what to do. There are former Greek ministers on record, telling how Troika officials basically wrote legislation for them. Blackmail was common, bailout money held as leverage. The Memorandum of Understanding was to be followed to the letter, and the Troika program was as detailed as a government program, so they really had their hand in just about everything.

The specifics of the program are a discussion of their own, with all the corruption going on. The Lagarde list (2000+ Greek tax dodgers) was held in secret by order of an IMF official – that alone should trigger major investigations. The nationalisation and sell-off of the four largest Greek banks, or the no-bid sale of the Hellenikon area to a Greek oligarch – all enforced by Troika officials.

The haircut of 2012, ~€110b wiped out, came two years late. As a result, it didn't hit any German or French institutions in a serious way. Most of the debt was in the hands of these four largest Greek banks -- NBG, Piraeus, Euro, Alpha – who subsequently had to be recapitalised by Greece to the tune of €50b. Cut by 110, up by 50 right away. Banks were nationalised and shares later sold again, at 2/3 the price. Lost another €15b, because the Troika demanded the sale to appease the markets.

The legal aspects of all this are nightmare-inducing as well. They violated numerous European laws, side-tracked parliaments, used governmental decrees, etc.

Let me just say this: when they forced Cyprus to give away two banks' branches in Greece for a fraction of their worth, Cyprus lost €3.5b, at a GDP of €17b, and those two banks went belly-up. It was pure blackmail, do it or you're out. Piraeus Bank received those €3.5b, and its head honcho had €150m of personal bad credit wiped clean right then and there, all at the command of the Troika. Those €3.5b had to be taken from ordinary folks by "suspending" the deposit insurance, perhaps the most stupid decision they had made so far.

Why did they do it? Because Greece was more important than Cyprus, and Cypriot banks were involved in shady deals with Russian oligarchs. Still illegal, and massively so.

Edit: I cut my post in half and it's still too long.

RedSky said:

I think you have to look, not at Troika funding with or without pension cuts and the like, but with or without the funding. See my post above for what I think would happen in a disorderly collapse. I think honestly we can both be certain that the effect on output and unemployment would have been far worse in a disorderly collapse.

Pure Muscle Guy (from Brazil)



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