An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Showing posts with label presidential race. Show all posts
Showing posts with label presidential race. Show all posts
Friday, June 19, 2015
If Greece falls apart and the markets collapse...
If Greece falls apart and the markets collapse, you are going to see the entire political focus here in the United States turn to, reining in our debt.
That's right.
Our idiot leaders and those currently running for president (maybe with the exception of Bernie Sanders), will unhesitatingly conflate the Greek situation with our own national debt "problem." The comparison is bullshit we know that, but they don't.
So, you will hear intensified calls for a "Balanced Budget Amendment" and the public will stand strongly behind this idea as they, too, are clueless about the real nature of our debt. A Balanced Budget Amendment will eventually get passed, I predict, and that will accelerate us on the path to "Full Europe."
If Greece goes then mark my words, what I have just described to you is going to happen
You heard it here first.
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