Debt Rattle March 17 2015

[Raúl Ilargi Meijer]

DPC Shoppers on Sixth Avenue, New York City 1903 • Bull Market Is ‘Closer To The End’ Than Investors Think (MarketWatch) • Europe’s Trapdoor Slams Shu
[See the full post at: Debt Rattle March 17 2015]

[Formerly T-Bear]

When Fidel Castro had first overcome the Batista government in Cuba, he was invited to Washington for discussions by John Foster Dulles (accompanied by the brother Allan) to meet the joint House and Senate Foreign Relations Committees behind closed doors. Midway through the expected meeting, Fidel exited the chambers and with his entourage immediately embarked for Cuba. Within a month, Castro made a call to Moscow and penned a treaty there. The rest is history. What has since been revealed about the Dulles Brothers leaves little doubt that strong-arm, mafioso tactics were applied behind those closed doors (Historians should try to get Fidel Castro’s remembrances of those times for posterity).

Somehow, Merkel and the past use by dated Finance Minister Wolfgang Schäuble need to study their history a bit closer; it may not repeat but it sure could rhyme. Have either of these German *sparks* ever thought of two important factors that will doubtlessly affect German wellbeing: first, the Turkey/Greek gas supply pipeline, the rent for transiting Greece could be very very dear; and second, Greece had (possibly very past tense) been vital to NATO’s front against the old Soviet Union, but has an abundance of deep water ports that could easily be leased to friendly forces. I suspect much of the Greek national budget and debt payments could be easily paid by NATO for avoiding those considerations. In all, Greek geography provides some nice cards to be holding. The Germans need to rethink their austerity and the genetic obstinacy they politically rely on before it is too late (retire that brain deceased Schäuble on a good pension, it will pay in the short run).

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