Greece - The domino piece that brought Europe down!

If you are on the financial gravy plane fasten your seatbelts and get in the crash landing position…oh and pray. If you are on the financial crumbs train…well…don’t worry you have already crashed.

According to most of the so called economic experts’ opinions and commentary in today’s news,  Greece’s economy is about to go down the toilet or in more polite terms [and I don’t know if politeness is appropriate right now] Greece is about to default on her debt.

Due mostly to Goldman Sachs’ creative accounting in arranging illegal loans to Greece and in collaboration with other big American and German…yes German banks; along with some corrupt Greek politicians, this country is about to become [economically] a third world nation.

Greeks have two choices right now:

A). Allow the IMF to come in and screw them as they did with Argentina – 2001, Korea -1997, Russia in 1998, Mexico in 1995 and Brazil in 2002 and spend the next 10-15 years trying to escape from the IMF economic choke hold. Or

B). Give the Germans and the IMF the Greek finger salute and default.

If the Greeks go the IMF way, they should know that they would be surrendering their most valuable national assets (airports, seaports, highways, hospitals, banks, museums – you name it…) along with their souls to IMF as collateral. The people would be forced to undergo such extreme austerity programs that eventually the Greeks will revolt with such violence making the bloodbath in Kyrgyzstan feel like a bubble bath in Europe.

The IMF is not the Mother Teresa Humanity Fund. It is a blood sucking organization just like its mentors and benefactors at Wall Street. In fact, it is nothing but an extension arm of Wall Street, masquerading as an international lender. It is a monetary institution controlled by former and current Wall Street leeches. You know, the Goldman Sachs, the JPM-Chase, City Group and the rest of the asshole who screwed up our economy and brought the global financial system to its knees.

If the Greeks however choose option B, then for 2 -3 years they will still have to do some belt tightening and undergo economic and social hardship, but at the end of it all, they will come out with a strong, debt free economy and smelling like roses. Their main exports – sunshine, hot weather and beautiful blue seas will still be in great demand. Their beautiful scenic islands will still be flocked by tourist from every where and their economy will be booming regardless of what currency they decide to stay with. The Greeks will be laughing all the way to the bank.

You see... what most people don’t understand and most financiers fear, is that Greece’s debt is 80% foreign owned. The only ones who will lose in this scenario are the same institutions and governments that caused it all. Germans and Wall Street.

Further more, the Greeks have a very good legal case to default. The loans arranged for Greece by GS and others were fraudulent, thus making them illegal. Null and Void. The Greeks have every right not only to refuse payment but to bring a class action suit against GS and anyone else who played a part in this fiasco, in the international courts.

Mr. Papandreou is in very good position right now. He is holding the fuse and the match sort of speak. He can put them together and free his country and people from the IMF enslavement or put them away and for decades see his people go through pain and hardship to benefit the corporate leeches who sucked the life out of his country.

Again this is not News…It’s economic Realities!

Signing off…Dr. Politikong.