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View Diary: David Stockman: “get out of the markets and hide out in cash” Corruption Of Capitalism (122 comments)

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  •  Joanne, the previous poster was ironically (2+ / 0-)
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    Pluto, joanneleon

    mentioning Greece in regard to its euro troubles, but you are more on target regarding Greece as well.

    Greece's major debt, to the tune of 150 billion, came from military spending, and most of that was vendor financed (i.e. the arms companies provided the financing). This is what sunk Greece, not its non-existent welfare system, and its smaller than average bureaucracy.

    There are two kinds of people in this world. The kind who divide the world into two kinds of people, and the kind who don't.

    by upstate NY on Mon Apr 01, 2013 at 12:14:41 PM PDT

    [ Parent ]

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