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Comment: Re:Good (Score 1) 685 685

That bears repeating with regards to Germany's debts: What happened after WWI was the winning countries said "You have to pay us back for all the costs of the war." Never mind any of the other problems, something like that was totally unsustainable. Germany was being made to pay the (often inflated) costs incurred by other countries in the war. That was devastating economically. Forgiving that is really a no brainer as it should not have happened int eh first place.

Also let's not forget the other part of the post war issues: Germany got occupied and told what was what (same with Japan). It isn't like this was a negotiation where they said "Can you forgive some of our debt?" and the allies said "Oh ok." No, they surrendered, unconditionally, and the country was occupied and split. On the East side it was straight out annexed and made part of the USSR, and on the West side there was heavy allied military presence and participation in running the country.

I mean I guess if Greece wants the same, they want someone else to come in and take over their country and dictate how things are going to be for years, or decades, then ok. However seems a little silly to say you want the kind of financial consideration that happened in wartime, but none of the rest of what came with it.

Comment: Plenty of differences (Score 2) 685 685

A big one is just that the US controls both its currency and its monetary policy (meaning taxing and spending). That manes that it can take the steps it feels necessary to deal with loan repayments, such as increased inflation and/or a weaker currency. It doesn't have to convince other countries of it, it runs the currency.

An even bigger one at this point is that the dollar is the world's reserve currency. Things are settled in dollars on the international stage, meaning that the US can't have a current account crisis. It makes the dollars, things are paid for in dollars, so it can make more dollars to pay for things. It is unique in that situation. While it could change, that is how it stands.

In fact, that is part of the reason the US is able to borrow so much, and in some ways needs to. People and nations want to put their money in what they see as a safe reserve, and the dollar is one they seek. To make that possible, the US has to issue debt instruments. They have to be able to buy US dollars.

Yet another difference is that the US has high tax compliance. Most people in the US pay their taxes. There are those that cheat or outright evade, but they are the minority. That, combined with a generally quite low tax burden (compared to most first world nations the US has very low taxes), means that raising taxes in the US is a very valid strategy. People won't be happy, but they'll pay. Greece has real issues with tax avoidance which makes tax increases problematic.

Still another difference is in what the economy produces. Despite what you may have heard on whiny online sites, the US makes a lot of stuff. It is the #2 producer of durable goods after China, and only slightly. It builds lots of things that others in the world want. A good example would be microprocessors. Both Intel and AMD are US companies, and Intel fabs most of their newest CPUs in the US. The chips that run most computers in the world come from the US. Makes the economic situation rather different than a place that relies heavily on tourism.

Finally there's the issue of who owns the debt. Most of the US's debt, about 65%, is owned by the US itself. Of that a large part is intragovernmental holdings, and then debt held by the federal reserve. Of the nations that do hold US foreign debt the two largest, Japan and China, do so for strategic reasons to keep their currency cheap compared to the dollar and thus have a strategic interest in keeping that debt. Greece on the other hand, owes most of its debt to other countries.

It is far to simplistic to look and say "Oh this is all the same!" Public debt is actually a pretty complex issue.

Comment: Re:Rather Than in more out (Score 2) 237 237

Custom OS is not about what is in it but all about what is left out. Custom OS for appliances that only has in it what is actually necessary for that appliance

Your mouth to Microsoft and Apple's ears. I want an OS that does nothing but run my programs and stay out of my way. I can get my own browser thanks.

If y'all could just get Linux to run current AAA games, and some professional music & audio software, I'd never spend another nickel with Microsoft or Apple.

Comment: Re:Citizen of Belgium here (Score 1) 685 685

there are also those screaming "racist" at everything even when it isnt and it seems to have been this way for the past 10 years now here.

I can't imagine why anyone would see racism in today's USA.

http://www.salon.com/2015/06/3...

http://www.reuters.com/article...

http://www.washingtonpost.com/...

http://newsfeed.time.com/2012/...

https://www.breitbartunmasked....

Comment: Re:Citizen of Belgium here (Score 1) 685 685

Those loans were made irresponsibly, to a country that the bankers knew could not afford to repay them. The people who made them didn't expect to get paid back by Greece, they expected to get paid back by another EMF bailout of Greece.

Not just irresponsibly, but with predatory intent.

The IMF is a payday loan outfit. They're a loan shark who's happy to lend your restaurant money to stay in business with the hope that when you can't pay, they'll burn you down for the credit default swaps. The IMF are some of the evilest SOBs on the planet.

Comment: Re:Citizen of Belgium here (Score 1) 685 685

Central banks are not funded by taxpayers. The IMF for example was funded by the US in a budget-neutral manner, as an exchange of assets. Translation: the IMF's money is created out of thin air. That the IMF won't give Greece any of their created money is shameful, sociopathic, criminal, and utterly unnecessary.

That was the first post to show actual insight into the situation.

Comment: Re:Good for greece (Score 1) 685 685

I really don't think they'll have much say in the matter.

Of course they have a say in the matter. Wait until tomorrow to see the panicked offers of help from Germany, because make no mistake, if Greece leaves the Euro, it's worse for Germany and England than it is for Greece.

Greece will survive. The Euro may not, now that people realize that the whole thing was a scam and the loan shark can be chased out of town.

Comment: Re:kernel developers on Macs - that would be me (Score 1) 249 249

I've been a developer for 17 years. My name is in the kernel changelog. I've designed and built custom servers with power tools. I use Mac Pros for work.

It seems GP might think that Apple only makes iPhones. Mac Pros, which run certified Unix (OS X) are possibly the _best_ option for serious professionals. There are also a couple other companies making one or two choices in well-built hardware you can install enterprise Linux on, of course.

You don't say.

My name is in the kernel changelog

Man, dude is thirsty.

In these matters the only certainty is that there is nothing certain. -- Pliny the Elder

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