How much parasitism can the Grecian host take?
--"“Saving the euro” is a euphemism for governments saving the financial class – and with it a debt dynamic that is nearing its end regardless of what they do. The aim is for euro-debts to Germany, the Netherlands, France and financial institutions (now joined by vulture funds) are to preserve their value. (No haircuts for them). The price is to be paid by labor and industry".
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The views expressed may contain certain forward-looking statements. Although they are forecasts, actual results may be meaningfully different. This material represents an assessment of the market and conditions at a particular time and is not a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding any security in particular. The opinions expressed here are the author's and do not reflect any opinion of John Thomas Financial, my Broker/Dealer, or any of its Affiliates. Securities offered through John Thomas Financial, Member FINRA/SIPC/NASDAQ. Accounts are carried by Sterne Agee, LLC, Member NYSE/SIPC.


3 comments:
Saving the euro ?
If Greece defaults out of the Euro into the Drachma now BEFORE having to sell it's ports, water municipalities, highways ( to tollways owned by Spanish ), electrical grid, gas lines ... THEN it will keep these things.
Greece will forgo itself as Argentina, and Greece will keep it's assets !
However, if they stay the course of austerity then they will go the
way of Argentina by first selling out the assets as an attempt to placate the neoliberals ( like Argentina with Menem in 90's ), and then default anyway with a swift boot to the rear by the Euro financial elitists who will say " thank you "
It's like the old sage says " if Russia takes Turkey from behind, would Greece help ?"
The good thing about countries selling assets is that they can always nationalize them later. :)
the problem with nationalization in Greece is that it takes the form of extremist -
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