- Registration time
- Last login
- Online time
- 1223 Hour
- Reading permission
emanreus Post time: 2015-7-17 14:55
"by going to the German Parliament and argue that Grexit is BETTER than the "Treaty of Versailles" ...
THE EURO CURTAIN
The governing gestalt of the Greek default crisis is that the ECB and IMF are joining forces in forcing the Eurozone countries to cannibalize each other, while they serve as the referees, and even pose as the saviors of the underdogs, in order to enlarge the debt that the Eurozone as a whole owes to the ECB and IMF, with the knowledge that whoever is left standing in the Eurozone after many more rounds of debt defaults and emasculation of the sovereignty of the debtor countries, would itself have to accept a haircut on the debt it is owed by other members of the Eurozone, or face insolvency, as the ECB and IMF freeze its assets anywhere in the Eurozone to pay for the debts of the other Eurozone countries. This is possible because between banks, cash or paper money has long ceased to be used to settle transactions, and instead their digital equivalents are used, which means that German banks, for all their digital wealth, can be subject to the same capital controls as the Greek banks suffered, if the ECB and IMF blocked the transfer of their euros from other banks to Germany. Germany could be forced to accept the responsibility of repayment of the debts of all Eurozone countries to the ECB and IMF, on pain of its assets abroad being frozen and made inaccessible to its citizens. If the debt transferred to Germany is of the same size as Greece's soon-to-be debt of 440 billion euros, even Germany will have to capitulate, i.e., its political authority will be subject to the wishes of, and could be overruled by, the two banks.
The emerging paradigm in the EU, and perhaps later in the world, is the use of loans to countries that cannot repay them, to force fiscal and political capitulation of the debtor country. The unpaid bad debt of these smaller countries then becomes the collective debt of the Eurozone. As this grows, more and more Eurozone countries will be indebted. Eventually, all the Eurozone countries will be ruled by the ECB/IMF, with their citizens forced to accept high taxes, low pensions, and minimal social welfare - in short, work for free.
Once all the countries of the Eurozone get their orders from the ECB and IMF, then social welfare benefits promised to the voters will be made unavailable by making them scarce, even if they shall remain affordable, if they are accessible. In short, in this fake utopia, every country will have its cake, but may not eat it.
The surrender of the government of Greece shall lead to the surrender of the governments of all member countries of the Eurozone, as more and more countries become insolvent. Germany may be the last one left standing, but its independent sovereignty will be forced into submission with the mere threat that its ATMs will run out of cash in one week.