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Thursday, June 16, 2011

The Coming Greek Default


ATHENS, Greece is once again in turmoil. The Greek Prime Minister George Papandreou is struggling to ensure Parliamentary approval for a critical austerity bill. On June 15th, just one day after the turn of the Economic Confidence Modeltm, the Prime Minister said he would reshuffle his Cabinet and seek a vote of confidence for his new government after coalition talks with opposition parties failed. There is simply no way out. This is the price they had to pay to be part of the Euro. Greece surrendered its ability to naturally offset its debt by allowing the currency to depreciate. That is how ALL governments get out of their debts – inflate their way out! The US is no exception. In 1980, the national debt was $1 trillion. Today, that is less than the annual budget. A trillion isn’t what it used to be any more. With Greece unable to inflate its way out, it is forced to now pay in Euros, as the economy declines, the REAL debt rises making the austerity measures even harsher. The Euro is a complete failure because there was no national identity in Europe. That was the key to making the Euro work. Absent that – sorry; it was a nice dream while it lasted. It has been a brief shining moment of bravado. But it’s over now and it’s time to wake up or else the dream will transform into an economic nightmare and tear down the European monetary system brick by brick.

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  1. Athens Archbishop Christodoulos said we deserved 9/11 (ISBN 960-252-007-8). On the Thursday before Easter Greeks chant pogrom inciting Beatitudes against "godslaying lawless Jews"in Greek, but change it to "Assemby of Jews" in English. They removed American Archbishop Iakovos because he was too American and Jerusalem Patriarch Irineos because he was too friendly with Israelis. Old witches who used to work at diners until they dropped now slip "Elder Protocols" and other terror claptrap in the pews. When I was growing up priests, would bathe, shave, wear pants - Robed, bearded, stovetopped priest is terror sympathist by definition. Greece was only euronation not to vote for 1947 Israel creation. In such time of war, we should insist that any public assembly of more than ten mandatorily be only in English! These heathen necromantic iconolaters have the nerve to ban Psalm 150 organs? If the Greek government did an Enron with its own books, and Greeks Trojan Horse their Greek taxes, what makes you think they pay the IRS? They go to Greece annually to tend their undisclosed accounts on soviet Cyprus. Notice the soviet spy money laundered Metsos disappeared with Cyprus complicity? Did Illinois Giannoulias, Florida's Crist, California's Angelides and New York's Gianaris apply Greek budgeting techniques like Sarbanes Oxen? Greek Ponzi fourfold Eurodefecit boasts Trojan Horse Perfidy, Klephth Brigandage. Upset that industrious Albanians invaded their lazy, gungrabbing, babykilling homeland, the soviet-churched Greeks vindictively hire, house and promote illegals. As quakes render their homes disposable, Greeks are oblivious to the very concept of maintenance. Instead of blaming environmetalists for fires and socialists for deficits, jealousy driven soviet faith seeks scapegoats. Olympia Snowjob supports Obamacare and abortion because of her gangreen patriarch (Is Orthodox Christianity progressive? Michelle Boorstein Washington Post 11-4-09 Ecumenical Patriarch Bartholomew spoke about the spiritual imperative for nonviolence, universal health care and reducing consumption to help the environment.) Ancient Greeks reduced consumption to help the environment through infanticide and sodomy. Palamite Zealotes massacred Thessalonian aristocracy in preparation for Cantacuzene usurpation via hesychast hyperventilatory hallucination. This soviet socialism motivated Anatolian farmers to embrace Turks in the 1400s to avoid redistributative taxation and then for liberated mainlanders to migrate to Smyrna in the 1800s.