Debt Rattle August 7 2015

 

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  • #23042

    DPC “Wood Street, Pittsburgh, Pennsylvania.” 1905 • Emerging Market Mayhem: Gross Sees “Debacle” As Currencies, Bonds Collapse (ZH) • China Growth Pro
    [See the full post at: Debt Rattle August 7 2015]

    #23049
    George P
    Participant

    Schäuble, slowly but steadily, paves the way for a Grexit, in order to stick it to the US. He was subdued for a while, but expect moves from him to drive Greece to exiting the EZ.Greece is a crucial hub for US geopolitics in the region and turning it into a failed state is the German Revanchist’s wet dream. After its collapse, the Revanchists believe they can enter with strong euros and start buying anything in sight.

    Furthermore, let us not forget that Germany has been trying to exit into the Med for a long time now. Just remember the demolition of Yugoslavia and the emergence of two pro-German states, Croatia and Slovenia. Agreed, the US took over this project by bombing Serbia and stopped Germany from going further by creating two protectorates of their own, Bosnia and Macedonia. Nonetheless, the initial game was Germany’s, who lost round one and seems bitter. Now, with the sold-off or scared Greek politicians and the eurocrats on their side, this German imperial dream of controlling the Balkans, may become true in the south of the peninsula, without shooting a single bullet and expanding the Reich without raising an army! At least, that is what the dream tells them to be true…

    Finally, let us not forget that the US last minute intervention didn’t offer anything of essence to the issue. It just demanded Greece’s total surrender and submission to Germany, in order to remain in the EU and NATO and not switching sides. Nothing else, no debt relief, no end to meaningless austerity. Tsipras gave in to that and became a happy collaborator, but things in the country are getting harder by the minute. People start attacking the taxmen who showed up in the islands mid-season to impose fines on the locals. In response, a supervising Syriza clown came out and promised that he will personally see to punishing everyone who resists, by sending them hordes of taxmen after them, day after day. After this kind of stupidity and adding the first attempts to seize all public and private property and giving it as a gift to Schäuble’s Athens-and-not-Luxemburg-based Fund, how many days do you think it will take to have the first reports of angry violent shootings and murders of taxmen and clowns?

    #23052
    bluebird
    Participant

    @GeorgeP – Thanks for your comments about Greece.

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