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	Comments on: Greece downgraded again to &#8216;highly speculative&#8217;.	</title>
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	<description>Author of THE DEBT GENERATION</description>
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		<title>
		By: andrew		</title>
		<link>https://www.golemxiv.co.uk/2011/03/greece-downgraded-again-to-highly-speculative/#comment-3160</link>

		<dc:creator><![CDATA[andrew]]></dc:creator>
		<pubDate>Mon, 14 Mar 2011 12:21:22 +0000</pubDate>
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					<description><![CDATA[http://www.telegraph.co.uk/finance/economics/8379163/Total-German-triumph-as-EU-minnows-subjugated.html]]></description>
			<content:encoded><![CDATA[<p><a href="http://www.telegraph.co.uk/finance/economics/8379163/Total-German-triumph-as-EU-minnows-subjugated.html" rel="nofollow ugc">http://www.telegraph.co.uk/finance/economics/8379163/Total-German-triumph-as-EU-minnows-subjugated.html</a></p>
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		<title>
		By: Zerocrop		</title>
		<link>https://www.golemxiv.co.uk/2011/03/greece-downgraded-again-to-highly-speculative/#comment-3110</link>

		<dc:creator><![CDATA[Zerocrop]]></dc:creator>
		<pubDate>Thu, 10 Mar 2011 11:55:59 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2011/03/greece-downgraded-again-to-highly-speculative/#comment-3110</guid>

					<description><![CDATA[Must add my thanks for this site.  Invaluable for folks like me who knew we&#039;ve been shafted but weren&#039;t clear on the details.  Superb use of the English language to boot.  Please keep writing whatever you can.]]></description>
			<content:encoded><![CDATA[<p>Must add my thanks for this site.  Invaluable for folks like me who knew we&#39;ve been shafted but weren&#39;t clear on the details.  Superb use of the English language to boot.  Please keep writing whatever you can.</p>
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		<title>
		By: Golem XIV - Thoughts		</title>
		<link>https://www.golemxiv.co.uk/2011/03/greece-downgraded-again-to-highly-speculative/#comment-3109</link>

		<dc:creator><![CDATA[Golem XIV - Thoughts]]></dc:creator>
		<pubDate>Thu, 10 Mar 2011 11:12:00 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2011/03/greece-downgraded-again-to-highly-speculative/#comment-3109</guid>

					<description><![CDATA[Hello all,&lt;br /&gt;&lt;br /&gt;I cannot properly tell you have much your kind and positive comments mean to me.]]></description>
			<content:encoded><![CDATA[<p>Hello all,</p>
<p>I cannot properly tell you have much your kind and positive comments mean to me.</p>
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		<title>
		By: Dexter Midnight		</title>
		<link>https://www.golemxiv.co.uk/2011/03/greece-downgraded-again-to-highly-speculative/#comment-3108</link>

		<dc:creator><![CDATA[Dexter Midnight]]></dc:creator>
		<pubDate>Thu, 10 Mar 2011 09:20:52 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2011/03/greece-downgraded-again-to-highly-speculative/#comment-3108</guid>

					<description><![CDATA[Hey Golem&lt;br /&gt;&lt;br /&gt;I know you get down some times thinking that you&#039;re whistling in the dark whilst these scumbags and their political fixers get away with it - but don&#039;t despair because, even if they appear to be getting away with it at the moment, some of you&#039;re your long fought arguments are gaining traction in the media - well at least the less overtly propagandised mainstream outlets:http://www.guardian.co.uk/commentisfree/2011/mar/09/fallout-2008-crash-oil-prices&lt;br /&gt;&lt;br /&gt;I&#039;m sure these guys are reading you - their arguments are too received, too complete - they&#039;re reading you - and you&#039;re getting through - albeit by trojan plagiarists - and as things get worse  - you&#039;re arguments will get stronger and more relevant- and at the end of the day - your right, you&#039;ve always been right.&lt;br /&gt;&lt;br /&gt;Keep it up.]]></description>
			<content:encoded><![CDATA[<p>Hey Golem</p>
<p>I know you get down some times thinking that you&#39;re whistling in the dark whilst these scumbags and their political fixers get away with it &#8211; but don&#39;t despair because, even if they appear to be getting away with it at the moment, some of you&#39;re your long fought arguments are gaining traction in the media &#8211; well at least the less overtly propagandised mainstream outlets:<a href="http://www.guardian.co.uk/commentisfree/2011/mar/09/fallout-2008-crash-oil-prices" rel="nofollow ugc">http://www.guardian.co.uk/commentisfree/2011/mar/09/fallout-2008-crash-oil-prices</a></p>
<p>I&#39;m sure these guys are reading you &#8211; their arguments are too received, too complete &#8211; they&#39;re reading you &#8211; and you&#39;re getting through &#8211; albeit by trojan plagiarists &#8211; and as things get worse  &#8211; you&#39;re arguments will get stronger and more relevant- and at the end of the day &#8211; your right, you&#39;ve always been right.</p>
<p>Keep it up.</p>
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		By: richard in norway		</title>
		<link>https://www.golemxiv.co.uk/2011/03/greece-downgraded-again-to-highly-speculative/#comment-3107</link>

		<dc:creator><![CDATA[richard in norway]]></dc:creator>
		<pubDate>Wed, 09 Mar 2011 17:28:35 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2011/03/greece-downgraded-again-to-highly-speculative/#comment-3107</guid>

					<description><![CDATA[I would vote for David, I would even go out campaining if I was in the UK]]></description>
			<content:encoded><![CDATA[<p>I would vote for David, I would even go out campaining if I was in the UK</p>
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		<title>
		By: The MacPuddock.		</title>
		<link>https://www.golemxiv.co.uk/2011/03/greece-downgraded-again-to-highly-speculative/#comment-3106</link>

		<dc:creator><![CDATA[The MacPuddock.]]></dc:creator>
		<pubDate>Wed, 09 Mar 2011 15:03:30 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2011/03/greece-downgraded-again-to-highly-speculative/#comment-3106</guid>

					<description><![CDATA[hi hawkeye&lt;br /&gt;&lt;br /&gt;Your perceptions are getting trenchant. I too think we are in some kind of &#039;last chance saloon&#039; with respect to the idea of coherent democracy. If there is no collective assertive response to the mauling and dissembling people are receiving in order to prop up a destructive economic dogma then we are more or less acceding to a life as either privileged slaves or &#039;the abandoned&#039;, within a degrading social and physical environment.&lt;br /&gt;&lt;br /&gt;And the UK is one of the critical places where a rejection of these roles might happen that could make a difference. I think the UK is going to be critical because the government is an unstable, &#039;best guess&#039; choice out of a bunch of rotten apples and Nulab is still in some disarray and growing disrepute, and its leader is really quite stuck and uninspiring.&lt;br /&gt;The policies of the coalition are extreme and risk serious fall-out, much worse than they need to be. I sense the Labour party are waiting for a major &#039;slip&#039; or event to pounce, rather being pro-active( i.e. politically honest) but they are political opportunists of exactly the same kind as the coalition and exactly as they were in the Blair era.&lt;br /&gt;Their dishonesty really needs to be exposed by people like yourself and David.&lt;br /&gt;They are not an opposition; they are simply the reserve team operating within an enclosed detached system.&lt;br /&gt;I have already said that we first have to break the duopoly of power and the easiest, least painful way is for lots of unaligned people to be elected. I think this is the purpose of the blog here-it is ahead of the mainstream, and is partly shaping debate, not just getting in beforehand, and it  is  politically energising a lot of people who might not otherwise have spoken up.&lt;br /&gt;&lt;br /&gt;I am also pretty sure there are some very anonymous big-hit lurkers who are taking their cues from blogs, including this one.&lt;br /&gt;&lt;br /&gt;I was thinking that David probably needs to consider how to get elected somewhere.&lt;br /&gt;&lt;br /&gt;I think David is ploughing quite a lonely furrow but doing a fantastic job. I can see how it might be quite personally demanding but rest assured, it is much appreciated. &lt;br /&gt;&lt;br /&gt;&lt;br /&gt;p.s  I  posted this  by  mistake on the  previous entry  on the  blog. It  is addressing  Hawkeye&#039;s comment  above. apologies etc.]]></description>
			<content:encoded><![CDATA[<p>hi hawkeye</p>
<p>Your perceptions are getting trenchant. I too think we are in some kind of &#39;last chance saloon&#39; with respect to the idea of coherent democracy. If there is no collective assertive response to the mauling and dissembling people are receiving in order to prop up a destructive economic dogma then we are more or less acceding to a life as either privileged slaves or &#39;the abandoned&#39;, within a degrading social and physical environment.</p>
<p>And the UK is one of the critical places where a rejection of these roles might happen that could make a difference. I think the UK is going to be critical because the government is an unstable, &#39;best guess&#39; choice out of a bunch of rotten apples and Nulab is still in some disarray and growing disrepute, and its leader is really quite stuck and uninspiring.<br />The policies of the coalition are extreme and risk serious fall-out, much worse than they need to be. I sense the Labour party are waiting for a major &#39;slip&#39; or event to pounce, rather being pro-active( i.e. politically honest) but they are political opportunists of exactly the same kind as the coalition and exactly as they were in the Blair era.<br />Their dishonesty really needs to be exposed by people like yourself and David.<br />They are not an opposition; they are simply the reserve team operating within an enclosed detached system.<br />I have already said that we first have to break the duopoly of power and the easiest, least painful way is for lots of unaligned people to be elected. I think this is the purpose of the blog here-it is ahead of the mainstream, and is partly shaping debate, not just getting in beforehand, and it  is  politically energising a lot of people who might not otherwise have spoken up.</p>
<p>I am also pretty sure there are some very anonymous big-hit lurkers who are taking their cues from blogs, including this one.</p>
<p>I was thinking that David probably needs to consider how to get elected somewhere.</p>
<p>I think David is ploughing quite a lonely furrow but doing a fantastic job. I can see how it might be quite personally demanding but rest assured, it is much appreciated. </p>
<p>p.s  I  posted this  by  mistake on the  previous entry  on the  blog. It  is addressing  Hawkeye&#39;s comment  above. apologies etc.</p>
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		<title>
		By: Golem XIV - Thoughts		</title>
		<link>https://www.golemxiv.co.uk/2011/03/greece-downgraded-again-to-highly-speculative/#comment-3103</link>

		<dc:creator><![CDATA[Golem XIV - Thoughts]]></dc:creator>
		<pubDate>Wed, 09 Mar 2011 14:45:10 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2011/03/greece-downgraded-again-to-highly-speculative/#comment-3103</guid>

					<description><![CDATA[Stevie,&lt;br /&gt;&lt;br /&gt;Will do. He&#039;ll be happy to hear Cosmos worked for you.]]></description>
			<content:encoded><![CDATA[<p>Stevie,</p>
<p>Will do. He&#39;ll be happy to hear Cosmos worked for you.</p>
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		By: StevieFinn		</title>
		<link>https://www.golemxiv.co.uk/2011/03/greece-downgraded-again-to-highly-speculative/#comment-3102</link>

		<dc:creator><![CDATA[StevieFinn]]></dc:creator>
		<pubDate>Wed, 09 Mar 2011 14:26:02 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2011/03/greece-downgraded-again-to-highly-speculative/#comment-3102</guid>

					<description><![CDATA[@ Greg dance&lt;br /&gt;&lt;br /&gt;   I agee with your Titanic analogy, what amazes me is how all these highly paid so called intelligent people seem oblivious to the unsustainability of the present system. I can only imagine that they assume they will be fine sitting in their mansions or yachts, &#038; eveybody else can go screw themselves.&lt;br /&gt;&lt;br /&gt;   It strikes me that the majority of the people of Britain have no real idea of what&#039;s going on &#038; are still stuck in the same old blame game of Labour vs Tory. If money is the real power the bankers etc are now in control, leaving the politicians to mop up the mess.&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;   The people of Ireland &#038; I would imagine the people of Greece are much more well informed about this situation, simply because the shit has hit the fan there. People like David McWilliams are out there doing excellent work &#038; are at last being listened to. More of the truth of the situation there will hopefully come out &#038; I think although the circumstances are in some ways particular to the Irish situation, at the heart of it is the same destructive malaise that is affecting us all. I hope that somehow we can learn from these lessons &#038; try to avert a similar thing happening in the UK or elsewhere.&lt;br /&gt;&lt;br /&gt;&lt;br /&gt;  I strongly recommend David McWilliams book &#034; Follow the money&#034; Although it concentrates on the Irish situation it does a great job of explaining the financial system, I like the analogy he uses, comparing it to the drug industry, it also has a great anecdote concerning Rupert Murdoch.&lt;br /&gt;&lt;br /&gt;@Golem, I&#039;m not surprised you get the blues with all this stuff running around inside your head, sometimes you must feel that you are the only one who can see, in a country of blind men. One good tip for survival is &#034;Know your enemy&#034; &#038; thanks to you, I now know mine, Thank you.&lt;br /&gt;&lt;br /&gt;    I am hoping that my extremely tight cashflow improves shortly as I am dying to read &#034; Debt Generation &#034; I picked up David&#039;s book in a poundshop.&lt;br /&gt;&lt;br /&gt;PS. If you can thank your Father for &#034; Cosmos &#034; it was inspirational for me.]]></description>
			<content:encoded><![CDATA[<p>@ Greg dance</p>
<p>   I agee with your Titanic analogy, what amazes me is how all these highly paid so called intelligent people seem oblivious to the unsustainability of the present system. I can only imagine that they assume they will be fine sitting in their mansions or yachts, &amp; eveybody else can go screw themselves.</p>
<p>   It strikes me that the majority of the people of Britain have no real idea of what&#39;s going on &amp; are still stuck in the same old blame game of Labour vs Tory. If money is the real power the bankers etc are now in control, leaving the politicians to mop up the mess.</p>
<p>   The people of Ireland &amp; I would imagine the people of Greece are much more well informed about this situation, simply because the shit has hit the fan there. People like David McWilliams are out there doing excellent work &amp; are at last being listened to. More of the truth of the situation there will hopefully come out &amp; I think although the circumstances are in some ways particular to the Irish situation, at the heart of it is the same destructive malaise that is affecting us all. I hope that somehow we can learn from these lessons &amp; try to avert a similar thing happening in the UK or elsewhere.</p>
<p>  I strongly recommend David McWilliams book &quot; Follow the money&quot; Although it concentrates on the Irish situation it does a great job of explaining the financial system, I like the analogy he uses, comparing it to the drug industry, it also has a great anecdote concerning Rupert Murdoch.</p>
<p>@Golem, I&#39;m not surprised you get the blues with all this stuff running around inside your head, sometimes you must feel that you are the only one who can see, in a country of blind men. One good tip for survival is &quot;Know your enemy&quot; &amp; thanks to you, I now know mine, Thank you.</p>
<p>    I am hoping that my extremely tight cashflow improves shortly as I am dying to read &quot; Debt Generation &quot; I picked up David&#39;s book in a poundshop.</p>
<p>PS. If you can thank your Father for &quot; Cosmos &quot; it was inspirational for me.</p>
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		<title>
		By: Greg Dance		</title>
		<link>https://www.golemxiv.co.uk/2011/03/greece-downgraded-again-to-highly-speculative/#comment-3101</link>

		<dc:creator><![CDATA[Greg Dance]]></dc:creator>
		<pubDate>Wed, 09 Mar 2011 10:40:04 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2011/03/greece-downgraded-again-to-highly-speculative/#comment-3101</guid>

					<description><![CDATA[Your life boat analogy is fine and i would like to expand on it further.&lt;br /&gt;Suppose we parallel it to the RMS Titanic and suppose the Titanic is the proud, overly self confident, complacent etc human race. This race has in the last 200 or so used ever greater amounts of fossil fuels to power both its economic might and has grown its population which now depends on food and much more, provided by the sheer power of these energy sources. This is the iceberg.&lt;br /&gt;So a greater population than the naturally occurring energy sources can currently cater for is racing across an ocean faster and faster (economic growth)at the same time as its ability to do this and feed itself is on the downturn.&lt;br /&gt;The planet has no life boats and nature has no compassion for failure to adapt .  humans, the next great extinction if we don&#039;t change course fast!]]></description>
			<content:encoded><![CDATA[<p>Your life boat analogy is fine and i would like to expand on it further.<br />Suppose we parallel it to the RMS Titanic and suppose the Titanic is the proud, overly self confident, complacent etc human race. This race has in the last 200 or so used ever greater amounts of fossil fuels to power both its economic might and has grown its population which now depends on food and much more, provided by the sheer power of these energy sources. This is the iceberg.<br />So a greater population than the naturally occurring energy sources can currently cater for is racing across an ocean faster and faster (economic growth)at the same time as its ability to do this and feed itself is on the downturn.<br />The planet has no life boats and nature has no compassion for failure to adapt .  humans, the next great extinction if we don&#39;t change course fast!</p>
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		By: Hawkeye		</title>
		<link>https://www.golemxiv.co.uk/2011/03/greece-downgraded-again-to-highly-speculative/#comment-3098</link>

		<dc:creator><![CDATA[Hawkeye]]></dc:creator>
		<pubDate>Wed, 09 Mar 2011 09:04:45 +0000</pubDate>
		<guid isPermaLink="false">http://www.golemxiv.co.uk/2011/03/greece-downgraded-again-to-highly-speculative/#comment-3098</guid>

					<description><![CDATA[&lt;b&gt;A. Knight in tarnished armour&lt;/b&gt;&lt;br /&gt;&lt;br /&gt;I also want to add my thanks and appreciation to our very own (infinitely more noble) knight, Sir Golem!&lt;br /&gt;&lt;br /&gt;Ms Knight is showing her true colours, yet it is unconscionable that she gets so much air time.&lt;br /&gt;&lt;br /&gt;Mervyn King is one of a growing voice of influential people awakening to the unjust structure of modern banking.&lt;br /&gt;&lt;br /&gt;However, King and others are up against underhand &#034;negotiating&#034; behind closed doors. See my recent post: &lt;br /&gt;&lt;br /&gt;&lt;a href=&quot;http://forensicstatistician.wordpress.com/2011/03/04/the-gloves-are-off/&quot; rel=&quot;nofollow&quot;&gt;The gloves are off!&lt;/a&gt;&lt;br /&gt;&lt;br /&gt;&lt;i&gt;&#034;In the red corner, we have the entire ICB, Bank of England Chairman Mervyn King, BoE Deputy Chairman Paul Tucker, BoE Director Andrew Haldane, and FSA Chairman Adair Turner all calling for radical moves in bank regulation. &lt;br /&gt;&lt;br /&gt;In the blue corner, we have George Osborne and some banks.&lt;/i&gt;&lt;br /&gt;&lt;br /&gt;Without an honest and open intellectual debate, we cannot profess to be a free and open democracy, ruled through technical &#038; intellectual competence. But instead a cowering populace, once again brow-beaten by bluster and thinly veiled threats from the banks.&lt;br /&gt;&lt;br /&gt;The coming year will be a true test of our nation&#039;s integrity and honesty. I hope it ends well.&#034;]]></description>
			<content:encoded><![CDATA[<p><b>A. Knight in tarnished armour</b></p>
<p>I also want to add my thanks and appreciation to our very own (infinitely more noble) knight, Sir Golem!</p>
<p>Ms Knight is showing her true colours, yet it is unconscionable that she gets so much air time.</p>
<p>Mervyn King is one of a growing voice of influential people awakening to the unjust structure of modern banking.</p>
<p>However, King and others are up against underhand &quot;negotiating&quot; behind closed doors. See my recent post: </p>
<p><a href="http://forensicstatistician.wordpress.com/2011/03/04/the-gloves-are-off/" rel="nofollow">The gloves are off!</a></p>
<p><i>&quot;In the red corner, we have the entire ICB, Bank of England Chairman Mervyn King, BoE Deputy Chairman Paul Tucker, BoE Director Andrew Haldane, and FSA Chairman Adair Turner all calling for radical moves in bank regulation. </p>
<p>In the blue corner, we have George Osborne and some banks.</i></p>
<p>Without an honest and open intellectual debate, we cannot profess to be a free and open democracy, ruled through technical &amp; intellectual competence. But instead a cowering populace, once again brow-beaten by bluster and thinly veiled threats from the banks.</p>
<p>The coming year will be a true test of our nation&#39;s integrity and honesty. I hope it ends well.&quot;</p>
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