Gartman Says Greece Default `Inevitable,’ Will Leave EMU
May 3 (Bloomberg) — Dennis Gartman, an economist and editor of the Gartman Letter, talks with Bloomberg’s Maryam Nemazee about market reaction to the 110 billion-euro ($146 billion) bailout plan for Greece approved by euro-region finance ministers. Gartman also discusses the outlook for Goldman Sachs Group Inc. Chief Executive Officer Lloyd Blankfein’s address to the firm’s annual shareholder meeting in New York on May 7. Copyright Bloomberg 2010
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LEITOYRGH TO Troktiko-Blog[.]blogspot[.]com
@lcbaudar I don’t care if we are a sovereign land or Disneyland.I think what you fail to realize is I don’t believe in a sovereign land or its principals! …especially this sovereign land! No-Big govt,govt debt,fiat currency,taxes,and interest rates=Individual enslavement.Freedom of choice.May the righteous man prevail.Welcome to meikagirlville.
@meikagirl As I said before there is no “debt tax”, your taxes aren’t even covering the annual budget – let alone the prior debt. There will never be a debt tax because there isn’t sufficient funds in circulation to pay it! We are fighting just to get the congress to prevent overspending on current year affairs. As for the deficits, they are widely recognized & funded by China in exchange for consumer goods. These are called trade imbalances and have been around before America even existed.
@meikagirl Of course we have property taxes to pay! Because it’s sovereign land! It doesn’t belong to you anymore than it belongs to the indians. Otherwise you could march your own flag on it and proclaim murder is legal in Meikagirlville. Tax evasion is illegal because taxes secure the useage of the money. Without dollars being required for taxes, one might trade in chickens instead. This would cause instability in the dollar.
@meikagirl Oh! One other issue if I don’t pay my Fed income taxes I could go to jail.Maybe that’s the enslavement you are talking about.LOL
@lcbaudar Gee…We are only #23? Now I can rest easy and take comfort! Our current standard of living is at a tax rate far higher than imaginable. You state the obvious about taxes and debt. Debt tax is a killer isn’t it !Then we have a higher inflation tax to look forward to in the future.I hope you don’t have your home paid off and then lose your job,because remember you have those property taxes to pay.Taxes=enslavement!
@meikagirl Sigh….your objections are valid but the reasoning doesn’t add up. First the taxes in the US are not that high, in fact globally it’s # 23 down the list of highest taxes. Most of western EU, UK & Canada have higher taxes. Okay but if taxes aren’t the issue, then Gov. misallocation must be. Well did you know that if even 100% of income was taxed away, we would still have deficits? Your current standard of living is at a tax rate far higher than imaginable.
@lcbaudar No more Big Govt…more local Govt -more accountability! Big Govt ,Higher Taxes,Higher interest rates,and trillions of debt equals financial enslavement.The two headed monster in Wash has you brainwashed! I think you need to quit swallowing the red and blue pill.
@lcbaudar Teaparty…LOL! I not affiliated with any group,but I do think you subscribe to the Govt teet agenda.When Big Brother runs up trillions in misallocated debt and future generations are left to pay higher taxes for their mistakes.I call that enslavement.I guess you will get your wake up call when they start taking 75% of your income,because of hyperinflation.and debt.I call that enslavement.Oh and about the founding fathers…I’m sure they spent their taxes wisely not enslave us.
@meikagirl Whoa whoa….let’s isolate a couple things – because some of your statements are a couple words short of a tea party picket sign. How are taxes enslavement? Even the founding fathers had a tax on capital gains & property taxes span to the middle ages. Take it one step further – what should a “republic” gov. do and how would that be funded?
@lcbaudar Taxes are not enslavement? Why don’t you tell that one to millions of Americans.I call taxes enslavement when the funds are misused, which how usually they are spent. Just wait when hyperinflation hits, and when the dollar crashes a few years from now taxes will go through the roof.Game Over!
@lcbaudar It doesn’t matter what you label it. The NWO or the OWO.The current fiat currency system is dead.The common man around the world is going down the toilet.I never made a reference to the names you mentioned.I don’t think anybody knows who the puppet masters are,but I’m sure they own most of the worlds wealth.I think you need stay on subject about what currency is going to be used in the future.
@meikagirl Taxes is not enslavement – go ask Nelson Mandela about enslavement. Taxes is the government shifting private sector demand to public sector departments funded by taxes. Do you think if they disbanded the police and reduced your taxes, that a “free market” police wouldn’t still be paid for by private citizens? Or Street lights, or waste management – etc. etc.
@meikagirl I’m far from a gold bug, there’s not enough to satisfy Lichtenstein’s monetary need. You’ve been gobbling too many conspiracy theories. The new world order IS the old world order – don’t you see. There’s no Bilderbergs & Morgan’s & Rothschilds planning our demise! It’s Russia forming alliances with Iran & China for natural resources, It’s South America excluding the US from the revised NAFTA agreement. The US may end up a lonely island…
@lcbaudar It seems you have the Old World Govt mixed up with the New World Govt that is coming.
@lcbaudar Taxes= enslavement! What percentage of the world’s population owns gold and how much?Maybe 1% and most of that is held by Govt’s.IMO gold is going much higher,but most of the population won’t own it.If you think gold is going to be the world’s currency in future then I think your living in a dream.I say good luck holding on to it if that happens.I don’t think you will be getting much sleep.The nations have already talked about a new currency.
@meikagirl Err…what? Do the greek citizens look enslaved to you? Did iceland look enslaved when they voted down repaying England? The collapse of fiat is the collapse of the One World Govt. The collapse of the Euro is the collapse of the EU union, which is integral to a world gov. The only one world currency right now is Gold buddy.
@fal2grace
Indeed
Toothies going to rot.
Search for
“DEBT SCARY COMPARISONS”
@iknownothingnow I agree..thanks.
@axionication sweet deal, isn’t it?
The candy cycle: German tax payer has lollipops taken by the State -State gives bilateral loan lollipops to Greece- Greece gives some of the lollipops back to German banks & gobbles up the rest- German Tax Payer gets the lollipop sticks back.
Default is inevitable.
This government is sadistic. Meaning that on purpose these bankers and politicians revel in the pleasure to infliction pain or humiliation upon their own citizens. May them (not us) pay!
@curtatlanta Glad you enjoyed it curt.
Thanks. I like Dennis Gartman and hope you feature him more.