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Comment Re:Germany should pay war reparations for WWII (Score 1) 743

At the time, it just make it easier for Germany to export

People keep saying this, as if driving your currency down requires some sort of special arcane skill that only the Greeks have. There are plenty of ways to do it - one of which is to run your economy in a completely irresponsible manner.

Not that devaluation is the magic bullet people are claiming anyway.

You are kind of missing the point.

Its not like the Greek economy wouldn't have just continued business as usual without the Euro... If Greece never joined the Eurozone, it would still have the screwed up economy it has today, we just wouldn't be hearing about this being some "crisis".

The only reason this is a "crisis" is because Germany - a major economic power - is involved as a major creditor. And the only reason why this is a "crisis" for Germany is because the German political establishment promised its people that Germany would never bail out a country on the Euro. But that was BS. The UK knew it was BS - crap like this is why they are still GPB and not Euro - and they warned Germany.

Before talk of the Eurozone, the financial markets traded the drachma as if it were the artificially inflated currency it was, then when Germany started talk of adding Greece, the drachma spiked, Greece then had money to buy goods from German companies, and some select currency traders cleaned up. But it was a short term con job. When the credit card ran up, it came time to pay the bills. And Greece has never been that good at paying bills. If it looks like a duck....

Germany didn't have to let Greece in. Greece couldn't even make the minimum requirements for the Eurozone, they were given a bunch of economic exception to join. Allowing Greece in was a real bad financial decision by the German politicians and banking industry that backed Greece's inclusion. Now they are whining about losing money on a risky proposition.

Time for Germany to quit whining, suck up the losses and move on. Its not like the German economy will collapse over this, just some Germans get a haircut. Take it as lesson learned.

Comment Re:ha ha (Score 1) 129

And pretty much nobody actually says "eh", and never has.

Yes, I know. And nobody in Canada ever liked hockey. And curling is just some sport made up for people to think Canadians have figured out how to bowl on ice. But Canada doesn't have ice either. These myths aboot Canada have all been made up to make the rest of the world think that Canadians are something other than humorless automatons. Indeed, Canadians have no sense of humor.

Comment Re:Greece's Welfare State is Unsustainable (Score 1) 743

Greece lied about their economic situation to get into the Eurozone,

Lie or not, German banks knew full well what they were getting into. The reason Greece was put on the Euro in the first place is that nobody outside of Greece wanted to exchange Drachmas, because everyone knew full well the Greek economy was shit and its government routinely cooked the books. But this lack of usable currency outside of Greece was hurting German industry - Greece couldn't purchase goods from Germany. Putting Greece on the Euro helped open a market to Germany.

The flip side was that monetary policy in Greece was then being made as if it were Germany, which means lots of cheap money. It was like giving a three year old a credit card with a large spending limit and then pointing the child toward a candy store.

The real fibbing came when the German government told its people they wouldn't have to bail out Greece. They will. Greece has never been solvent enough to comply meaningfully with its debt. Sooner or later the Germans will realize this, and realize that all they have from Greece is a bill of goods.

Comment Re:Germany should pay war reparations for WWII (Score 2) 743

This kind of ridiculous stunt is why the Germans are sick and tired of giving Greece money.

By "giving" you must mean getting Greece on the same currency and then instituting a monetary policy that benefits German industry.

I'm not German or Greece either, but its hard to ignore Germany's responsibility here. It was incredibly irresponsible for Germany to allow Greece to be on the Euro. Greece wasn't solvent before they joined the Eurozone, but letting them in benefited Germany a great deal in the short term. This obviously wasn't going to end well, and the German government at best showed uncharacteristic wishful thinking when it told its people they wouldn't have to bail out Greece if Greece joined. Given Germany's cultural propensity for competency in areas of math and finance, it seems the population willing turned a blind eye towards the obvious while seeing the short term financial benefits come its way.

The German political establishment should have to pay the piper here. But they are doing this on the backs of the Greek citizens, who by and large, had no idea this even was going down until it was too late. Not that Greece shouldn't have to pay, but maybe the Germans should factor in a bit of austerity on their part. Maybe cut back to 4 weeks vacation per year or something.

Comment Re:Germany should pay war reparations for WWII (Score 5, Interesting) 743

The US gave Greece $376 Million dollars to rebuild between 1949 and 1951. This was not a loan. The US just gave Greece the money. Given that the exchange rate back then was around 4 DEM per dollar, that is over 1bn DEM that Greece got.

The point that Germany surrendered to the US to the allies is a salient one. At least one of these allies paid back Greece two fold for its trouble. And Germany doesn't have that money it stole. That was either conscripted by the allies or sent offshore by Nazi's in hiding. It is why most claims to money and treasures stolen by Germany it WWII gets made to places like Switzerland and Austria.

This argument going back to Nazi German doesn't serve Greece. The rest of the world got over WWII years ago, and nobody is holding the current German state accountable for the Nazis. It is generally accepted that one of the last place one looks for the people responsible for WWII is Germany. Those Nazi folks either got killed, when into hiding, or got good jobs with the Americans or Russians.

What Greece should be arguing is that it was irresponsible for Germany to allow Greece in the Eurozone to begin with. Greece's addition had to do with Germany's greed. At the time, it just make it easier for Germany to export, while giving a very poor Greece a credit card it obviously couldn't handle. It is kind of the same story of all those mortgage banks lending to people with bad credit in the US. And all while, Germany was telling its citizens that they would never have to bail out Greece. What a crock.

Comment Was There Ever a Law that Allowed Bulk Collection? (Score 4, Insightful) 142

Last I checked, a court found that no law existed that allowed bulk collections. Not even the Patriot Act: http://www.nytimes.com/2015/05...

This is a law that makes something illegal that was already illegal. More congressional theater.

Wake me up when the people who broke the law start seeing some time. Let me know when the guy who exposed this illegal activity is allowed back into the country with his liberty intact.

Comment 15 Year Old GPA is Useless! (Score 1) 125

As a hiring manager, when I look at resumes I am thinking, "if I hired this person today, what will they have done by the end of the week?" A 15 year old GPA is useless in this answer. The thing that matters most in resumes are technical skill and domain experience. Those two things will get an interview. The things that matter most in interviews are personality, hygiene, and are the things in your resume not complete bullshit.

I know smart PhDs from very good universities that I would never hire, because they wouldn't be able to do a damn thing useful for the business. I know a high school dropout that can generate more useful code than a guy with 20 years experience who wouldn't deign himself to learn Python. Getting a job has a lot less to do with formal credentials than you think, and the true value in these credentials comes in how you apply them lately, not the schooling you got a decade and a half ago.

You say you are writing client server code, and you have a patent. That you know how to write that code (technical skills), and that you have a patent (domain experience) should get you a job somewhere, assuming you are not an idiot in an interview. Make 90% of your resume about the technical skill and domain experience you've collected over the past 5 years. Leave the GPA off. Put name the school and the year you graduated, and nothing more. If you aren't bullshitting about the code you've written and the patent you got, then you will at least get an interview. If you are right for the job, nobody will give a damn about the GPA.

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