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Banks control western politicians who will put who ever is in power under pressure to pay of the debt. I used to think people that talk like that are same as th

Banks control western politicians who will put who ever is in power under pressure to pay of the debt. I used to think people that talk like that are same as the ones that wear tin foil hats. But the last 6-7 years has made me realise that they are not completely bat shit crazy. And the world of power is power is most corrupted and the least in the news.

arethuza 9y ago
"And the Weak Suffer What They Must?" by Yanis Varoufakis (former Greek finance minster) has an interesting view on the mess that Greece (and indeed Europe and the rest of the world) is in. I don't think it's without flaws but it is certainly interesting - particularly his view of EU/ECB bureaucrats: "a clueless, inefficient bureaucracy... working tirelessly for politicians with an infinite capacity to recite unenforceable rules"
- CaptainZapp 9y ago
  On a sidenote (but likely interesting to HN readers): Varoufakis worked as an economist for Valve[1] [1] http://blogs.valvesoftware.com/economics/it-all-began-with-a-strange-email/ http://blogs.valvesoftware.com/economics/it-all-began-with-a...
raverbashing 9y ago
That works if: - The concerned politician has a slight sense of responsibility (even though paying banks first is less responsible to the people but has long-term goals) - The concerned country has a minimal ability to pay Venezuela has neither at this moment
- greeneggs 9y ago
  Venezuela does have a minimal ability to pay. Eventually, default is likely, but they have paid all of their bond obligations so far. (The story you hear is that many of the bonds are held by political allies, so the payments transfer money to them.) https://www.nytimes.com/2017/04/12/business/venezuela-oil-debt-payment.html https://www.nytimes.com/2017/04/12/business/venezuela-oil-de...
posterboy 9y ago
For a second I read that as "western politicians who will put in power whoever ..."

arethuza 9y ago

"And the Weak Suffer What They Must?" by Yanis Varoufakis (former Greek finance minster) has an interesting view on the mess that Greece (and indeed Europe and the rest of the world) is in. I don't think it's without flaws but it is certainly interesting - particularly his view of EU/ECB bureaucrats: "a clueless, inefficient bureaucracy... working tirelessly for politicians with an infinite capacity to recite unenforceable rules"

CaptainZapp 9y ago
On a sidenote (but likely interesting to HN readers): Varoufakis worked as an economist for Valve[1] [1] http://blogs.valvesoftware.com/economics/it-all-began-with-a-strange-email/ http://blogs.valvesoftware.com/economics/it-all-began-with-a...

raverbashing 9y ago

That works if: - The concerned politician has a slight sense of responsibility (even though paying banks first is less responsible to the people but has long-term goals) - The concerned country has a minimal ability to pay Venezuela has neither at this moment

greeneggs 9y ago
Venezuela does have a minimal ability to pay. Eventually, default is likely, but they have paid all of their bond obligations so far. (The story you hear is that many of the bonds are held by political allies, so the payments transfer money to them.) https://www.nytimes.com/2017/04/12/business/venezuela-oil-debt-payment.html https://www.nytimes.com/2017/04/12/business/venezuela-oil-de...

posterboy 9y ago

For a second I read that as "western politicians who will put in power whoever ..."