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RUSH: Another bailout in Greece. Now, you may not care about Greece, but you need to at least be informed because if something doesn\u2019t change, Greece is us. And Greece could very well end up being a state if not us. “Greece won a second massive financial bailout in the early hours of Tuesday morning when its partners in the 17-country eurozone finally stitched together a euro130 billion ($170 billion) rescue, meant to avoid a potentially disastrous default and secure the euro currency\u2019s future.” Can I give you the details of this? This $170 billion bailout hinged on squeezing last-minute concessions out of private holders of Greek debt. This is the same way Obama bailed out GM and Chrysler.<\/p>\n
And furthermore, they have been told that they must forgo profits on their remaining holdings. They\u2019ve been wiped out! They essentially have been told to take a face-value loss of 53.5% on their bonds. They\u2019re gonna have to just forget $142 billion that people owe them and promise to forgo profits on what\u2019s left. Luckily, ladies and gentlemen, they\u2019re just banks and investment firms that are losing money. They\u2019re not really people! Well, isn\u2019t that what everybody thinks? Corporation, that\u2019s not people. A company isn\u2019t people. I\u2019ve had sniveling little leftists call me here and very snarkily say, “I suppose you\u2019re gonna tell me a corporation\u2019s people.”<\/p>\n
Yeah, it is. Without people, there is no corporation.<\/p>\n
“Yeah, yeah,” and they just lose it.<\/p>\n
Banks, investment firms? Ah, they\u2019re not really people. No widows or orphans have savings or any investments in banks or investment firms. There aren\u2019t any teacher pension funds invested there. No, no, no, they\u2019re not real people here! Now, you might think that it\u2019s banks and investment funds that are eating it, but who invests with them? Average, ordinary people. Banks and investment firms are people. And they\u2019ve been told, with a smile, “Guess what? You\u2019re wiped out! We\u2019re gonna bail out the slothful losers in Greece so they continue to have to do nothing to get their pensions — and, meanwhile, you\u2019re wiped out. You\u2019re the one that\u2019s gonna pay for it.”<\/p>\n
They\u2019re not really people. No widows or orphans are invested there. Besides, this gonna teach people to invest in Greece, right? You can\u2019t wait now! Why do you think the stock market jumped over 13,000 in this country? There aren\u2019t too many wise people with skin in the game that want to throw money into Europe right now. Look what happened to people who did! They were just told, “You\u2019re eating it, pal. You are gonna soak up $142 billion in debt. You\u2019re just gonna give it away, and you are not allowed any profit on the rest of your holdings.” That\u2019s how it happened in Greece. It could happen here.<\/p>\n","protected":false},"excerpt":{"rendered":"
RUSH: Another bailout in Greece. Now, you may not care about Greece, but you need to at least be informed because if something doesn\u2019t change, Greece is us. And Greece could very well end up being a state if not us. “Greece won a second massive financial bailout in the early hours of Tuesday morning […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\n