Bitcoin-a-kopita

Greek Financial Minister (The latest one) has threatened to move Greece to the Bitcoin should the EU not provide them with ‘a deal’.

Let me catch you up…

The Leftists in Greece were recently defeated and replaced by other Leftists. The ‘New’ Leftists do not want to pay their bills (Loans taken from the EU that went to fund Greek welfare and Government Spending). It’s worth noting that the ‘Old’ Leftists also did not want to make payments on the loans taken to fund their spending habits… but… they committed the unforgivable error of agreeing to a payment plan as well as a plan to (gasp!) cut spending in order to assure the repayment plan could be honored.

OK…

I want to parallel something happening here in the U.S. Why? because it illustrates a fascinating disconnect found uniquely among Leftist Progressive Socialists.

Student Loans.

There is a terrific image floating around the Internets of a young woman holding a sign which reads “Debt is Slavery!”.

But the argument she wishes to convince you of is those who attended College, using your money, should not be required to repay the loans they previously agreed to pay.

So let me catch you up…

College tuition has skyrocketed due entirely to a flood of Government Subsidies in the form of Grants and… Cheap Government Backed Student Loans.  (As we know, anytime you subsidize something the price goes Up.  The market distortion created by Government interference is no longer debatable by sound minds.  Please refer to the Housing Bubble and it calamitous effect on our, and the world’s, economies.)  So those young people, who have been fed the idea a college education is a guaranteed ticket to Success, take out massive loans to fund their ‘Education’.

Now they have Debt… Now they are ‘Slaves’.  By Choice.

I’m not sure how making bad decisions amounts to a Guaranteed ticket to Success.

Which, brings me back to Greece!

These two seemingly disparate examples have a common connection.

Liberal Progressive Socialists believe they should Never bear Personal Responsibility for their Decisions.

Never.

And because of this belief, they Feel They should not be required to pay back the money They begged someone else to give them so They could buy what They wanted when They wanted it.  (In the case of Greece, a massive welfare system allowing the perpetuation of a less that productive lifestyle Greeks seem to take pride in.  In the case of Liberal Students, a University level Education which supposedly assured them a massive income… according to someone, somewhere.)

And both parties Employ the deeply heartfelt idea of ‘Fairness’ to justify their desire Not to pay their bills.

So let’s recap…

They want Something.

They Beg Someone Else to provide them the Money to Have it.

When the Bill comes Due They decide it’s not Fair.

They Don’t Want to Pay back the Money They were Loaned.

They Refuse to Pay Back the Money They Took.

In terms of Greece… that leaves only the EU taxpayers on the hook with no recourse.

In terms of the U.S… that leaves only the American Taxpayer on the hook with no recourse.

Both are examples of Theft.

Doubt me?

Try this at a Restaurant.  Or, a Gas Station.  Or, a Clothing Store.

The most interesting aspect of this…

Both parties, the People of Greece and the Woman with the Sign, are like Children lobbying You, the people paying the bills, to give them permission to steal… from you, the people paying the bills.

I realize the Objective Media points this out all the time and I’m simply being redundant.

What?  They Don’t?  Maybe you should be asking “Why?”

So back to Bitcoin… and Greece…

When I read the above headline I had to chuckle.  While years of accepting the validity of Socialism is how you get to this point, the threat is hilarious.

I have nothing against Bitcoin, but Bitcoin does not alleviate one’s requirement to pay their bills.  It’s actually quite the opposite.  If I were the EU, after picking myself up off the floor from the hysterical laughing, I would suggest they make that move ASAP.  If there were ever a lesson in personal responsibility, it would be embracing a currency you have no ability to print more of whenever you choose.

This would be a great lesson for the U.S. too.

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About Mike

Background is in Media with a little History Major thrown in just to be annoying. View all posts by Mike

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