Open Europe reports Greek protesters extend their repertoire: “Nothing can stop us – We will never pay!”.
The Greeks brought today on with electing a pure Socialist government. Greece before the Euro was a pony-and-cart economy. Then with the fall in its sovereign debt interest rates with the advent of the Euro, German and France banks loaded up on Greek sovereign debt and invested in Greek banks. The standard of living and disposable income rose dramatically, especially with the growth in “the government worker” under Socialism.
Most every job that was created a government job, even those at the electric company and hospital. But few paid taxes, as it was the national pass-time to avoid taxes. And bills from the international pharmaceutical companies have gone unpaid for years by the healthy ministry. So the bill for such largess is now due; extreme austerity is at the door.
Bible Prophecy of Revelation 13:3, indicates that out of the current political vacuum and a soon coming Götterdämmerung, that is an investment flameout, a Euorpean Chancellor, The Sovereign, Revelation 13:5-10, and a Banker, The Seignior, Revelation 13: 11-18 will rise to power. The word will, and way of these two, plus strong economic governance provided by European Framework agreements will provide a new seigniorage to replace Neoliberalism’s failed seigniorage. The debt accumulated under Neoliberalism must and will be applied to every man, woman and child.
Socialism is a failed experiment. Greece having lost its debt sovereignty, is no longer a sovereign nation state … Those living in Greece are no longer residents of a nation; but rather citizens living in a continental trading group … Are not those living in Greece now beholding to others superior to them for their economic well being? … Do the Greeks not have responsibilities to the sovereigns, that is the Troika, which is providing them seigniorage?