joe and peri..know..this cant end well
greece..is just the latest beginning

it might be well..to think back 20 years
the commies went bust..[much like capitaslism is now going bust]
but with commies..they got a share of the shares[on the asset stripped fixed/rundown assets]..

regardless..they*
had some/value

next..we saw the germ/maniac re-unification
quickly followed by..the euro..[creation]

so the cost
of the re-unification..of the mark
was born by the new beast..of many austerity burdens..the euro

sure the germs...made their mark..carry parity
with the east and the west..[being in worse differnces
that greece and the current eu[pew]..now is bringing..into the light

the same thing
has long gone on in the usa
with those on the poverty mark..forced into paying high/dollar values
from limited incomes..for rents/fines fee's levies access charges..even bank fees..credit card rates..etc

in short
ever growing debt..isnt just greece
every multinational corperation..is under the same..just terms[sentance]..

lol..eeeeasy money indeed..lol

to call this..a bailout of greece..is a huge lie
the credited 'euro's'..are held in escrow
then gifted back to the lenders
because..*banko allways wins

heck if you got
the global franchise on money
you abuse it..[by over lending to mugs]..that cant repay
and in the end must default..and you get the spoil

too clever
this over/lending

ya know..they cant afford..the debt
obligation..they got
so lend them..more!

then..in time
you can loot and plunder..the public/resources
and let them run-down..too...[sack the workers]..

then raise fees acces/charges..
[while the rich flee..in glee]

so/govt
puts huge fines..on those leaving[looting]
[a ban on them,..stealing their euro plunder
that was formed..to pay-off..yet again
germaniac/capitalistic re-unification

who have been forgiven..massive debts[in times past]
see the greek topic...

and got a bailout..with reunification
then the advantage..of the lower exchange rate...and easy_money to buy germain goods..[especialy german debt...!]

with your pension funds

Think of it this way, Arjay. There ain't no such thing as a free lunch.

>>As far as I know pericles coins are the only new money created on demand by our Govt<<

That is not the case. In the context of money supply, there is no difference - at all - between notes and coins. They are completely interchanbeable, and are created, and enter the economy, in exactly the same way.

Which is through the creation by government of debt instruments called Government Bonds. If you are still unclear on this topic, I suggest you look up "quantitative easing", which has been going on around the world for the last few years, as governments borrow increasing amounts in order to keep the economy moving.

In summary, there is no such a thing as "debt free money", whether in notes or in coin.

>>In the USA the Fed creates all their notes but their Govt mint creates coins debt free.<<

That's wrong, too. Take a look through this:

http://www.econlib.org/library/Enc/MoneySupply.html

"The U.S. mints design and manufacture U.S. coins for distribution to Federal Reserve Banks. The Board of Governors places orders with the appropriate mints. The system buys coin at its face value by crediting the U.S. Treasury’s account at the Reserve Banks... Commercial banks buy coins at face value from the Reserve Banks, which receive payment by debiting the commercial banks’ reserve accounts."

>>So does the Canberra mint do offsets to the private banks when they create new money or do they create it regardless thus help reduce our taxes.<<

I haven't found the equivalent explanation on an Australian site, but would be reasonably certain that it conforms to the same rules.

I hope this helps clarify the situation for you.