Greece's misery a blessing in disguise - criminal plot

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xenon13
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17 May 2010, 11:18 am

Greece's misery a blessing in disguise

Brian Milner's Globe and Mail piece provides gist to those who say that the Greek crisis is a manufactured crisis designed to force public policy changes down the throats of unwilling people, another example of the Shock Doctrine at work. He naturally approves of this but let's take a look at some things he said. First, he opens with...

"Well, so much for the European Union’s eye-popping “shock and awe” plan to put a floor under the stumbling euro, make speculators pay for their effrontery in betting against the EU’s resolve and save vulnerable euro zone bonds from ending up as so much wallpaper in investors’ spare bathrooms. "

So, he gloats over the fact that the speculators have succeeded once again in defeating their enemies, that being the people of the world. This opening exposes Milner as the scum that he is.

He adds "Yet the Greek crisis may have come along in the nick of time to save the rest of us from a grim future of worsening, unaffordable government deficits, shrinking economies, crumbling social safety nets, soaring jobless rates and shredded paper currencies – in short, other Greeces, only on a much larger scale." How are we saved from that? We are saved from that because the Greek example will cause us to enact policies that would cause "shrinking economies, crumbling social safety nets, soaring jobless rates and shredded paper currencies".

“Greece is a canary in the coal mine,” says Tony Boeckh, a 40-year market veteran. “It’s too bad for the Greeks, because they’re going to be in misery for a long time. But it’s fantastic for the rest of the world.”

Actually, Greece is like a supervillain's henchman who has defied his boss who is brutally and tortuously killed in front of the other henchmen to show them that he means business.

"Policy makers of all political stripes will be freer to impose tough austerity measures, including higher taxes and deep spending cuts, merely by pointing to Greece, its insolvency and its widespread social unrest as an example of what happens when governments stretch public finances beyond the limit." Those austerity measures will do incredible damage to the economy, to lives and is highly immoral but oh, joy, it will be much easier to do this. For people with a conscience, this is a catastrophe. Moreover, it's the austerity causing the "social unrest", not the manufactured debt crisis.

However, it suggests that the whole Greek crisis had a definite purpose - to "discipline" the people of the world into more sacrifices on behalf of the plutocracy. This man suggests thus that the Greek crisis was a criminal conspiracy launched by the speculators, plutocrats and propagandists such as himself. He should remember the fate of Lord Haw Haw.



ruveyn
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17 May 2010, 3:21 pm

Is Greece also too big to fail?

ruveyn



xenon13
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17 May 2010, 9:51 pm

It would seem not. It is not after all a bank, it's a country.

A very interesting statistic out there. Greece's debt to GDP ratio right now is 115 per cent. If the IMF programme is implemented, in two and a half years, Greece's debt to GDP ratio is projected to be... 143 per cent. That projection is optimistic because only a 4 per cent annual economic contraction is projected which is an optimistic number, the contraction figures to be significantly more than that as has been shown in Latvia and in Ireland where they have been undergoing such a programme for the past couple of years.

So this plan surely does not help Greece to pay off these debts.