Ahead of parliamentary elections in Greece on June 17, the Council on Foreign Relation's Sebastian Mallaby highlights three ramifications of a potential subsequent Greek exit from the euro.
Looking at it from a bankster perspective, he is absolutely correct to be concerned about a Greek exit, it will lead to either short-term or long-term chaos.
however, the only true solution is for Greece to leave the euro, screw the banksters default on its debt and start over with a new drachma that they don't inflate. This will lead to a non-inflationary, stable economy. If regulations are then removed that are stifling free market business and workers, then Greece is likely to see a Greek Economic Miracle far beyond that what occurred during the German Economic Miracle.
However, if you think within the bankster parameters of crush and rule, then Mallaby has it quite correct.
http://www.bloomberg.com/news/2012-06-14/ecb-tells-court-releasing-greek-swap-files-would-inflame-markets.html
ReplyDeleteGreek miracle? Their politicians and own banksters are as crooked as any. Once you are hooked to a handout and retire at 50 in a country with little resource, it may be a hard habit to break. Greece is leaning towards left or right-wing statists and anarchists. It will be a failed state, a black hole in the middle of Europe, an Argentina with no resource, another Zimbabwe.
Look at the bright side. Maybe Americans will have a bargain travel destination. Bring back the Drachma, Peseta, and the Lira! Would love to get a deal when traveling to the best part of Europe, the South.
ReplyDeleteMallaby's about as big a one-world conspirator you could find. 2nd tier, yes, but a darling of the journalist elite:
ReplyDeletehttp://en.wikipedia.org/wiki/Sebastian_Mallaby
Ironic that his name is so close to "malady".
Delete>This will lead to a non-inflationary, stable economy. If regulations are then removed that are stifling free market business and workers, then Greece is likely to see a Greek Economic Miracle.
ReplyDeleteAh, but as we are learning, there is no desire for free markets, stable money, instead there is a desire for control by corporate-banking cartels and their politician-bureaucrat minions who are well compensated to do their bidding. The rise of the international 'State' has replaced heretofore regional royalty systems. It is a flop, war will occur, but what will replace it, if anything is the question? The masses seem to need their rulers, be it royalty or ?elected? revolving door statists, and the rogues are more than willing to accomodate.
Greece should default/restructure WITHIN the euro...
ReplyDeletein that case, politicians will be forced to limit spending and reform (privatize, deregulate, etc.)
Even if they don't reform, limited spending will ensure deflation and deflation will help Greece export its way to recovery!
Which part of this you don't agree?
I must say that NWO types have some pretty cool and unusual names. Sebastian. I like that.
ReplyDeleteJust giving the devil his due.
agreed, but its not that unusual to spanish, hispanic or latin culture. Sebastian is my nephew's name and is fairly common. My sons' names are Agustin, Antoni and Rene.
DeleteHi Bob,
ReplyDeleteGreat blog! Wanted to alert you to a technical problem: for some reason, whenever you embed YouTube videos in a post, they don't render correctly on Windows Phones. Yeah, probably not a big chunk of your readership uses these phones anyway, but maybe it's still easy to fix.
The house is burning down and this guy is discussing which doors to close. They're all idiots.
ReplyDeleteNo need for the drachma. Take all taxes, if any, off of gold, silver, other precious metals and any other feasible commodity that could be used as a medium of exchange, and let tax bills be paid in precious metals or euros.
ReplyDeleteDefault on debt, but let the market pick its own currency.