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Bet ya China will be visiting the "Big, Fat Greek yard sale", with CASH by the way, Ports, etc.= Strategic position in the middle of Hell-ena......middle east, Mediterranean, OIL?
I use cocaine so I can work harder and make more money so I can ...use cocaine so I can work harder and make more money so I can ...
Adderall is a much wiser investment choice.
i think therefore i own
Greece won't be any more "contained" than subprime mortgages were in 2008. Reprofiling is another word for default.
Little different than the circular reasoning of all modern governments and economies, which reminds me of a phrase that occured to me the other night:
"three-dimensional Euclidean econometric masturbation"
I won't throw in any famous economists names because it takes more than two to engage in such high horsepower wheel spinning that the PhD's and TPTB are engaged in. They arrive at their own conclusions.
We have reached the point where theory, policy, and binary machinations swing reality about their head on the end of a rope; rather than the other way around.
If Greece defaults, they will start an avalanche. This storm will circle the globe and take out a lot of businesses, pension funds and banks.
None of this looks good for us.
Forget about rioting there will be blood.
You can have rioting and blood.
They should hang the ECB barons and the political bosses, as the TBTF banks, from the branches of the same tree...after due diligence and trial for gross negligence and collusion...obviously...Not that the future will be any rosier... but it does no harm to prune the rotten branches.
RM : what size of haircut are we talking about for greece? (% gdp).
The profligate enslave themselves. WHoever ends up holding their chains is just an agent for what was, in essence, their own choice.
Or is it? As Jefferson said, democracy is pointless without and educated and informed people, and that's what happened to the Western world. The elites took control of the brains before anything else. Thus it is not through fully conscious choices that peoples elect morons and slavemasters to power, but through ignorance and propaganda.
Yes, how else can you sell the 2003 Iraq War and trillions transferred to banksters?
A triumph of ignorance and propaganda, indeed.
Right on Brother
The bankruptcy sale begins
Further enslavement of people continues
The thirst for power and control never ends
Who will benefit from this privatization bonanza? Hint: the same guys who make money doing parking meter deals in Chicago.
So, when the raping and pillaging of Greece is over, what is left?
There goes Reggie with his "new math" again. Doesn't he know that the GAAP answer to the classical accounting question has always been the same.
Q: What does two plus two equal?
A: What do you want it to equal?
Now that's old math.
Ok, i'll say what many are probably thinking.
It is one big worldwide circle jerk. (They don't call him Ben Shalom BUKAKE for nothing).
As always, great work Reggie as your articles are always informing and well thought out.
We can't default because default is unthinkable.
circular reasoning (logic) works if it doesn't include reality
...sounds like the Greeks have got the message now though, they're soon to be flogging airports, islands, telecoms and sewage facilities (no shit!)
Reggie, nice to see you on VPRO's "Tegenlicht"... Which episode was that?
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