German Greens Propose Radical Greek Debt Solution
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NPC Graf Zeppelin over Capitol 1928 In its German language edition, Der Spiegel ran a piece last night (translation is mine) about a proposal from the
[See the full post at: German Greens Propose Radical Greek Debt Solution]This buys more time for transition than each little kick of the debt can does, but requires major changes in EU finance to even begin, maybe impossible changes.
It is an alternative, which must now be addressed.
Good.TAE – what are the chances of you guys forming a political party? What are the chances you guys have read up on past successful political revolutions and are willing to try apply those methods? IT seems to me that it is the duty of the well-informed to inform the not-so-well informed of the thieves and crooks in the UN, or the World Bank, or IMF or whatever. It is our duty to stop those animals who believe the only thing to life is money. It is our duty to harness the power of the masses, of the millions of people who do not have homes, or reliable healthcare, or a good stable job, and give them the government that they deserve.
The Green program cannot solve anything as all funds including debt repayments must be borrowed. In Europe, the source for euro-denominated loans is German and French banks.
No matter which direction the streams of funds wish to flow the source is the same German and French banks, everyone else is an intermediary (rentier): ECB, IMF, ISM, etc. The only way to reduce debt in one area is to increase it elsewhere.
At bottom the debts will be repudiated and everyone in Europe will suffer. The cost will be measured in the depth of Europe’s ruin. Keep in mind, there is no more growth, the means to recover after calamities does not exist. Europeans must be careful, to look past the numbers offered by bankers and politicians and decide for themselves what matters: fake Las Vegas-style ‘prosperity’, money-wealth and wasteful lifestyles or some alternative way of existence that does not require energy imports … financed with tens (or hundreds) of trillions of borrowed euros. The problem in Europe and elsewhere is not the pensioners or even governments but hulks at the end of the continent’s driveways.
The Europeans have a choice, they can either live in Tuscany or they can live Syria. Drive a car = borrow money = Syria.
mattila
No political party for us. That’s one system nobody should get caught in. It selects for sociopaths and psychopaths. Watching the UK elections goes a long way to confirm this once again. That and the still increasing blatant role of the press as propaganda machine. I don’t think we are psychopathic enough to survive that kind of thing.
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