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Greece's Finance Minister Yanis Varoufakis on BBC's Newsnigh

radx says...

@RedSky

The need to be kept afloat by European funds is pretty high on the list of things Syriza is keen to do away with. Varoufakis was clear on this pretty early on, at least 2009 as far as I know. They treated it as a problem of liquidity instead of a problem of insolvency, and therefore any funds funnelled into Greece were basically disappearing down a black hole. They are bleeding cash left, right and center, and the continuous flow of credit from Europe doesn't help a bit in its current form.

As of now, they can't pay shit. Any additional credit has to be used to pay back interest on previous credit. Their meagre primary surplus is less than their interest payments. With that in mind, some of the ideas floating around sound rather intriguing, especially given the horrendous failure all the previous agreements have produced. These ideas include: cap interest payment (1.5% of primary surplus), use the rest for investment or humanitarian relief; no payments on debt below 3% growth, 50% of agreed upon payments at 3-6% growth, full payments at 6+% growth.

Yet even those ideas are purely theoretical, because there is no growth in Greece. The celebrated growth in Q3 2014 of 0.7% might very well be a fluke, as Bill Mitchell described here (prices falling faster than incomes). For Greece to be able to have any meaningful growth, they'd require not just a complete reconstruction of its institutions (structural reforms), but also massive investment.

And there's where it breaks down again, since you rightfully pointed out that the Germans in particular won't spend a dime on Greece, especially not with investment in Germany in equally dire shape (shortfall of about a trillion € since 2000).


Which brings me to another point: Germany vs France.

Productivity in both countries was en par in 1999, and productivity in France in 2014 was only slightly below German numbers. "Living within your means" is a very popular phrase in the current discussion, which basically means living in accordance with your productivity.

Subsequently, there should be a similar development of unit labour costs within a monetary union, with growth targets set by the central bank. In our case, that would be just below 2%. Like I've previously said, Greece lived beyond its means in this regard, and significantly so.

But what about France and Germany? The black line marks the target, blue is France, red is Germany. That's beggar-thy-neighbour. That's gaining competetiveness at the cost of your fellow Euro pals. That's suppressing domestic demand in order to push exports.

German reforms killed its domestic market (retail sales stagnant since early '90s) and created an aggregate trade surplus to the tune of 2 trillion Euros. That's 2 trillion Euros of deficit in other countries. And we're looking at an additional 200-210 billion Euros this year. If running trade deficits is bad, so is running trade surpluses.

Ironically, there's even been legislation in Germany since 1967, instructing the government to balance its books in matters of trade (and other areas). They've been in violation of it for 15 years.

With this in mind, everytime a German politician calls for the other countries to run trade surpluses just like Germany, I get furious. Some of them, on the European level, even have the audacity to say that everyone should run trade surpluses, and all it takes to get there is massive wage cuts. That's open lunacy and a failure of basic math. No surplus without deficits, no savings without debt.

And while we're at it, it's not the savings rate in Germany that bothers me. It's the moral superiority that is being ascribed to running surpluses in every way imaginable. Every part of society is expected to have a positive savings rate, because debt is bad. Well, if everyone's saving and nobody's accruing the corresponding debt, you get the current situation where there is no investment whatsoever, a gargantuan shortfall in demand given the national productivity, and a cool 200 billion Euros of debt a year that foreign actors have to rake up so that Germany can have its massive growth of 0.5-1.5% annually.

Finding borrowers for all that cash is getting more difficult by the day. The ECB's QE is basically one big search for new borrowers, since everyone either doesn't want to borrow or cannot borrow anymore.

If Germany wanted to help the Eurozone, they'd start by increasing their ULC vis-á-vis the rest of the countries. Competitiveness should be regulated through the foreign exchange rate, not this parasitic race to the bottom within the zone. Ten years of 4% increase in wages, annually. That ought to be a start.

Additionally, allow the ECB to fund the European Investment Bank directly, instead of this black hole of QE.

Or go one step further and seriously consider Varoufakis' ideas, including the old Keynesian concept of a global surplus recycling mechanism.

But all that is pure fantasy. I don't think a majority of Germans would support either of these measures, not with the overwhelming fear of inflation this society has. Add the continuous demonisation of debt and you get a guarantee that very few countries might be compatible to be in a longtime monetary union with Germany.

Stephen Fry on Meeting God

newtboy says...

Yes, it seems there is a failure to understand. What he said is, the moment there are useless parasitic eye-eating creatures, one must admit that any possible creator god must not be benevolent or good by any measure of the words.

lantern53 said:

The moment you banish God...eye-eating creatures cease to exist?

What we have here is a failure to understand. Why is anyone asking this pseudo-intellectual any questions at all? You can't expect much in the way of profundity. He's a performer. He's an ex-con. I'll grant his intelligence, but intelligence won't get you that far.

Ask someone who spends his life in meditation and you will find far greater answers. Ask Krishnamurti or Tolle or just about any one else. Why are you wasting time with an actor of all people?

Synchronised Kittens

mintbbb (Member Profile)

crafting a Patek Philippe 5175R Grandmaster Chime Watch

TheFreak says...

I hate this device with every fiber of my being.

It's an ostentatious, gaudy and useless bauble built for privileged, elite parasites. It holds no value in any society. The unbelievable waste of technology and resources that has been diverted to the creation and acquisition of such an embarrassing canker brings shame on us all.

Anyone who purchases one of these monstrosities should have it strapped around their neck as they're paraded in front of the community that they embezzled their wealth from.

In a just society, these would be worn on the wrists of the underserved homeless people who dragged these oligarchs off the top of their pyramids and bludgeoned them in the gutter.

Last Week Tonight - Ferguson and Police Militarization

lantern53 says...

Getting back to the subject at hand, the evidence appears to show that the police officer was in the right, while the decedent prompted his own demise.

meanwhile, the anarchists and other malcontents will continue to extoll the virtues of thugs like Trayvon Martin and Michael Brown and kiss the asses of parasites like Jesse Jackson and Al Sharpton.

The future of ghost-riding?

bcglorf says...

It's rare, but should be noted there is a brain parasite that affects spatial reasoning and can cause dreams with impaired sense of space, like driving from the backseat or swerving all over the road. In later stages dreams about body parts coming off, teeth in particular has been documented: more can be found here

Payback said:

I've had nightmares where I'm driving along, and suddenly the car goes out of control. Mainly because I've suddenly found myself in the back seat, and I'm scrambling to get behind the wheel.

Usually, those videos where the person's car hasn't been properly put in park and takes off without them makes me flash back to those nightmares.

This video gives me the willies.

Blade Runner: Anime Trailer, Final Cut

billpayer says...

It's a mashup of Parasite Dolls and other stuff...
Fair game if you ask me...
Jeezus, Ridley Scott is going to make a sequel and FUCKING KILL THIS SHIT DEAD (Like he did wth Prometheus). He'll probably add some bible shit in there since he seems to be a religious nut now.

newtboy said:

WHY?!?!?
When a movie is made so close to perfectly, why on earth do they keep re-making it? This looks terrible compared to the live action original.
Color me confused.

fungi parasite takes over the minds of ants

Oldsailor65 says...

So these ants are being taken over and controlled by parasites. The same thing is being done to this country by illegal immigrants (parasites) and our immigration system.

The Incoherence of Atheism (Ravi Zacharias)

shinyblurry says...

Hi voodooV..sorry it took me so long to reply.

you're committing another logical fallacy here. Argument from ignorance. just because you can't think of any other reason for morality doesn't prove god did it.

The fallacy you mentioned doesn't apply. The argument isn't for Gods existence, the argument is that atheism is incoherent because it has no foundation for morality, among other reasons. Ravi asked the question, without God what are the Ontic referrants for reality?

http://en.wikipedia.org/wiki/Ontic

To answer your question though. Survival...pure survival is pretty much the foundation of morality. what behavior ensures a long, prosperous and happy life? That's your morality right there. And it's all based on logic and reason, not an imaginary god.

is it better to be a dick to someone or is it better to work with other people. hrm...which ensures a higher probability of success in your endeavors.

is better in the long run to help or to hurt. Which ensures a greater likelyhood that people will be willing to help YOU out when you need it.

virtually everything that we consider moral today is the evolution (gasp) of instinctual rules we've learned over the millions (not thousands) of years that ensure a longer, happier life.


What you're talking about is pragmatism, which is to say that if it works then it is the best way to do things. Yet plenty of people have led long, prosperous and happy lives by exploiting other people for their gain. That's what works for them, so why shouldn't I emulate that standard of behavior instead of being self-sacrificing? Some of the most successful people who have ever lived got there by being terrible human beings. Basically, your standard of survival isn't about what is right, but what is right for me and that is entirely arbitrary. It also is an incoherent standard for morality.

Which is why only two of your commandments still hold up as secular laws.

I forget where I learned this but even biblical morality can be traced back to rules that made sense, at the time, that ensured survival. I think it has been shown that many of the biblical rules involving not eating certain foods can be traced back to diseases or some other logical reason, but hey, we didn't have an understanding of these pesky little things called bacteria and microorganisms back then so when you ate a certain food and died, that wasn't science, it was your imaginary sky god who was angry with you.


What's really interesting about that is that Moses was educated as an Egyptian prince, which was the most advanced country in the world at the time. He would have certainly been exposed to their medical knowledge, but you won't find a shred of that in the bible. The Egyptians were doing things like applying dung to peoples wounds, whereas the Laws of Moses detailed procedures for disease control, like hand washing and quarantine procedures, as well as public sanitation, and dietary laws which prevented the spread of parasites. They were thousands of years ahead of their time; we only started washing our hands to control disease in the past 200 years.

Even your fear and hatred of homosexuality and abortion can be easily explained by survival. When your village only numbered in the hundreds or maybe thousands and simple diseases and winters wiped out LOTS of people, discouraging homosexuality and abortion is actually a pretty good idea when the survival of your species is at stake. But when you've got advanced medicine and we've got the whole food and shelter thing dealt with and our population is now 7 billion. the whole "be fruitful and multiply" thing just isn't necessary anymore. In fact, it's becoming a problem. and Once again, survival will dictate our morality. If we do nothing to combat overpopulation and resources become an issue, I guarantee you that large families will eventually have a negative stigma attached to them until the situation is resolved.

You're talking to a former agnostic who once approved of homosexuality and abortion. I am not afraid of it, and I don't hate the people doing it. This is a clash of presuppositions; if there isn't a God then I couldn't give you an absolute reason why people cannot have homosexual relationships or murder their unborn children. If we're all just glorified apes contending for limited resources, then in that paradigm it may be necessary to cull the herd. I think the appropriate response though to someone contending we should eliminate vast swaths of the human populace to save the planet is, "you first".

But God is in control and this is His planet, and since He is still creating human beings, He will provide the resources to take care of them. It's the iniquity of mankind which is limiting the resources when the truth is that we have way more than enough to take care of everyone. Take for example the fact that over 30 thousand people starve to death every day. Is that because we don't have enough food? Actually, we have more than enough food yet we waste about 1/3 of the world food supply every year. The gross world product in 2012 was over 84 trillion dollars, more than enough to feed, clothe, house and vaccinate every single person on the planet. Those people die not because there isn't enough, but because the wickedness of man.

Don't ask me though, ask an anthropologist or sociologist. They've been studying this stuff for decades. I'm sure you could even find an anthropologist/sociologist that believes in god and they'd still say the same thing. our understanding of reality changes....as does morality. no one takes seriously the old biblical rules about stoning unruly kids, working the sabbath, and wearing clothing of two types of fabric anymore. So why should we listen other outdated biblical rules that don't apply anymore. As countless others of sifters have already informed you, you have the burden of proof and you haven't met it yet.

Call me when someone discovers a disease or some other problem that arises when you mix two fabrics and we'll revisit those rules k?


God has three kinds of laws, moral civil and cermonial. The rules you're referring to were civil and ceremonial laws for Israel and not for the rest of the world. They have no application today because they were connected to the Old Covenant God had with Israel. God has a New Covenant with the whole world that doesn't include those laws. The moral laws of God do not change with time, or ever. And although we fancy ourselves as more enlightened today, the reality of the world we live in tells us that human nature hasn't changed one bit. Human nature is every bit as ugly and self serving as it always has been. If you peel back the thin veneer of civility you will find a boiling pot of iniquity.

Stop committing basic logical fallacies and you might learn this stuff for yourself You haven't ever said anything that isn't easily invalidated by a simple logical fallacy or hasn't already been debunked long ago.

It's easy to speak in generalities; if I have committed a logical fallacy, then specifically point it out. The one that you detailed earlier did not apply.

Do you watch the Atheist Experience videos Shiny? because every time I watch one of the videos and listened to the same old tired theist "arguments" over and over again. I'm always reminded of you because you just aren't saying anything new. If you're serious about understanding why your ideas just don't pan out and you're not just trolling, you should seriously watch those.

I've watched the show, and again, I was a lifelong agnostic before becoming a Christian. I was pretty far left and would have probably fit in well with the lot of you not too many years ago. So, this is all to say that I understand where you're coming from and why you think and believe the way you do, because I used to think and believe in the same ways. Your mindset isn't a mystery to me. What I've learned about it is that God has to reveal Himself to a person before they will know anything about Him. Everyone gets some revelation and it is up to them to follow it. I received the revelation that there is a God and I pursued that for many years until He revealed Himself to me through His Son Jesus Christ. He has revealed Himself to you and everyone else on this website in some form or fashion. You would be shocked to hear some of the revelation people have received and turned away from, or rationalized away later. Statistics show that 10 percent of self professing atheists pray, and that is because they are unable to within themselves completely deny the revelation that they have received. I guarantee you there are atheists on this board who wrestle with all of this but since it isn't something atheists talk about (or would admit to publicly) you would never know it, that you're all keeping a lid on the truth.

VoodooV said:

To answer your question though.

28 Reasons To Hug A Black Guy Today - SNL

enoch says...

@VoodooV
i dont understand you sometimes man.

how has ching hi-jacked this thread..in particular?
i will concede that he has in the past but how does that translate to this thread?
because it appears to me ching just poked his nose into you berating @bobknight33 as a bigot and a racist.

is bob a racist?
i dont know if i would call his comments here racist.maybe insensitive,even callous in regards to americas past history of slavery.

now i would see this as an opportunity to converse and communicate.
maybe learn from each other.
or at the very least UNDERSTAND why bob feels/thinks the way he does.

but you dont do that.
you ridicule and belittle him.

and then when ching chimes in pointing out that we are ALL slaves.
you cry foul and that bob is just a racist and ching is a troll.
musing dreamily of an internet community that could be rid of such parasites.
basically your own little fiefdom where everybody thinks like you.you know,the RIGHT way of thinking.

or are you not aware of the hypocrisy at work here?

i could go on but i fear you will inject intention into my commentary and perceive me as some sort of enemy.
which i am not.

i am not attacking you brother.
i am just trying to point out that our community is diverse,and bob has just as much a right to speak as you do.
as does ching.
but to cry foul after consecutively bashing bob and bemoan your suffering for having to endure those you disagree and how they besmirch your community...is..well...weak.

i disagree with bob often.
ok,almost always.
but i have to give that boy props for engaging on a secular left site when he is obviously a christian rightwinger.

that takes balls.
so kudos to you @bobknight33

love your commentary voodoo
hate your high horse.

Kevin O'Leary on global inequality: "It's fantastic!"

Jimmy Fallon - "Slow Jam The News" with Mitt Romney

petpeeved says...

"There are 47 percent of the people who will vote for the president no matter what. All right, there are 47 percent who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it. That that's an entitlement. And the government should give it to them. And they will vote for this president no matter what… These are people who pay no income tax...My job is is not to worry about those people. I'll never convince them they should take personal responsibility and care for their lives."

47% of the population are parasites not worth 'worrying about.'

Yeah, heart of gold there.

lantern53 said:

I don't know how anyone can look at Mitt and not see a genuine and good person. Probably because they look at Obama and can't see a totally fake person.

Eyeball Floaters Explained

Intelligent cow knows how to use a hand pump to draw water

poolcleaner says...

Red queen effect: Parasitic humans feed off of the cow, steals the natural flowing water and installs human-centric water holes. In competition with the human parasite the cow is forced to learn to use the water pump. And thus the arms race between cow and human.

Who will win?

My money is that humans destroy themselves and cow survives, finally free of it's parasitic relationship with the upright mammals. They then go on to evolve into upright cow people. Only to encounter the humans again.

They then join with the radioactive green humans (nuclear fallout survivors) and zombie humans (the ones that didn't survive the fallout but were taken over by parasites of their own) to kill the humans, many of whom are dwarves and really small midgets.

Some hippies that bonded with trees are found to have survived, each with their own vision of what it is to be a tree hugger. Some of them join the humans (with their now dominant midget genes) and some of them join the green humans and cow people.

Along the way we discover that in China pandas have evolved into panda people and all along there were werewolves and shit. Including dimensions made entirely of fire with slimes that thrive off of radiation, only to become what is perceived as fire elementals and H.P. Lovecraft's things were real too. Oh and the entire pantheon of all people from all of time.

Society rebuilds itself but war never changes.



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