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Wednesday, May 16, 2012

Greece: Dump The EU Now For An Economic Recovery!

"Attempts to form a government in Greece collapsed on Tuesday, jolting financial markets at the prospect leftists opposed to the terms of an EU bailout could sweep to victory in a June election and nudge the euro zone crisis into a dangerous new phase." – CNBC

Why should the Greek people be financially destroyed and rendered destitute by forced German and Brussels EU austerity measures and more loans designed only to pay the interest on the debt to the big banks? What if the banking and media establishment are dead wrong about nations withdrawing from the Euro like they have from the beginning of the crisis? I suggest a strong economic recovery is the likely result rather than depression as forecast by experts working for the banks that have enslaved Greece.

What Would You Do?

Let's assume you were very unsophisticated regarding real estate and you lived off a $30,000 annual income. Then assume you purchased a home in the US during the Federal Reserve-created housing bubble for $500,000 with 2% down. Your real estate agent and mortgage broker said, "Don't worry. We will take care of the details." Later, you discover your signature was forged and they showed your annual income as $300,000 annually.

Now you find out the real value is only $50,000 and there are numerous liens and defects and you don't even have clear title to the asset. The bank and credit providers are threatening to take everything you have saved in your lifetime because you are behind on your loan payments.

What would you do? Given this situation most rational people would stop making payments, withdraw from the fraudulent contract and sue those who misrepresented the entire deal for fraud. This is a very simplistic version of what has happened to most nations inside the EU. The citizens never voted on or understand the contract giving away national sovereignty. The entire deal, including the sovereign debt, was fraudulent and sold so banks and politicians could benefit.

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1 comment:

Anonymous said...

the greeks are being screwed by the germans. there's no way they can do what germany is asking, years as slaves, what the germans couldn't accomplish in ww1 and ww2 they're working on accomplishing today through economics! they are shrewd!