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Welcome to James' Philosophical Agora - James' Meeting Place On-Line. (Updated June 2017)

James' Philosophical Agora’ is an on-line archive for various pieces of personal writing on mostly fairly serious subjects; yet hopefully with a few amusing or curious items and anecdotes along the way as well. Many pieces were primarily written to share with individual friends, but are made available here for any others who might find the points discussed interesting or helpful, or who are 'treading the same path' and may wish to comment or add to them.

I have a separate blog where I share my enthusiasm for the specific philosophical tradition of Socrates, Plato and Aristotle at: Socrates 4 Today

As well as leaving comments on any of the blog posts, you can also contact me personally if you would like to discuss any particular items further: jamesdelphi2000@gmail.com

Sunday, November 18, 2012

Greek Debts - Think Outside The Bank Box



Cost estimates of the 2012 USA election are 5 or 6 billion dollars - and apparently 2 billion was spent on chocolate for Halloween. The European big wigs don't want the Americans to get involved in the EU debt crisis mainly because they are all making too much money out of the situation or egos bigger than their wallets ....
Surely the win win situation (by vast amounts of money) is for the USA or Chine to step in and pay off the Greeks debts completely and then make some plan with the Greeks to repay what they can over the next 50 years without interest – similar to a post war situation. (Maybe let current banks and other lenders take a 35 % haircut for good measure as well).  This will improve confidence in the markets around the world and allow better growth in all economies. Wall Street alone lost 2 % a few days back (trillions of dollars I suspect) on worries about the Greek economy and debts – just a few tens of billions. Crazy at best – trillions globally being lost week after week for a few Greek billions! 

The problem really is the banks LIKE it when people and governments are in debt... they are making so much money unless they squeeze too hard. So what’s needed is for the USA or Chine to step in and fix the problem – not another round of meetings by the European bureaucrats that allowed this problem to happen in the first place.  For goodness sake step in and fix the problem – and if there is no will to fix the problem - then say so - and have drachmas again.

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