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Tag Archives: Greek Debt Crisis

Well, let’s say you wake up one morning and decide that you feel like owning some prime real estate on or near the Mediterranean. An island or two would be nice. But if you’re into owning WHOLE countries – that can be done too.

Here’s how you go about doing it:

FIRST – you’ll need a bank. A BIG bank. More specifically, a TOO BIG TO FAIL bank. Now, get your TBTF bank to make some ridiculous loan or loans, which you KNOW is never going to be paid back – to the country you want to buy. Tell them that money is no object. (Remember – you can print as much as you want in a fiat system.)

Now, it is very critical that your loan is made out to a project that has RIDICULOUS RISK – just so you can charge EXTRA on interest payments. Make a loan out to the Post Office – if you’re Greek. Yeah! Those Greek stamps are worth a FORTUNE…. aren’t they? In America, you’d probably want to loan out cash to people who can’t afford to feed themselves… so they can buy a house – A BIG one. Or, to folks who want to study for their MBA in a country where PhDs drive taxis to pay the mortgage on their houses.

Now, when those loans FAIL (as planned) – tell the government that THEY need to foot the bill – since your bank is simply TOO BIG TO FAIL. If they don’t, there will be Martial Law and riots in the street!

And if the Government doesn’t have the MONEY to cover YOUR TBTF Bank’s mistakes – they can ALWAYS take a loan out from the ever-friendly IMF. It’s good to have friends in the banking system… that are always willing to bail out your victims… I mean, clients.

Of course, the country would have to put up some collateral… and island would be nice. How about all that gold you have too?

And just to make sure you don’t SQUANDER all that borrowed fiat money – the country would have to adhere to AUSTERITY MEASURES – designed essentially to help the country pay back the loan – in the same way that it would help a swimmer swim the Atlantic Ocean with both hands tied behind his back, and with blindfolds on.

It helps, of course – to have a corrupt politician (Prime Ministers, Presidents – are most helpful) lubricate the whole process by looking the other way. Yes, there are jobs out there where they PAY YOU – NOT – to do your job. In fact, if you’re particularly good at not doing your job – they may even throw in a Nobel Prize before you even start (not doing your job.)

Now, just let the system run and let the unnatural laws of corrupt finance take over. Wait until it all breaks down. Sooner or later, the country in question will be BEGGING you to take their islands. Heck, they’ll throw in the airports, roadways – ANYTHING that the citizens have begged and borrowed to build over the decades – just so they can get that next loan from the IMF – to pay off the debt, created by bad loans given by banks which are TOO BIG TO FAIL – which failed, but you still have to back up – because they are TOO BIG TO FAIL.

Else, there’s be riots, chaos… MARTIAL LAW!!!

A Classical Slave-run Economy is what America (and soon, the World) is turning into. So, maybe Neo-Classical is a better name for that. Sure, that implies the return of feudalism as well – in all its glory. But then, I don’t think that feudalism really ever went away. It just went deep under cover.

If the Bankers succeed (and it seems that they already have – in America and most of Europe) – you can look forward to a thousand or, so years of Neo-Dark Age Tyranny – Zero scientific innovation – Zero population growth – Zero wealth (at least for the masses)

The Meek (i.e. Bankers and Royalty) will inherit the Earth – while you will till the soil (albeit, “virtually” on Farmville) and eat its fruit by the sweat of your brow for the rest of your lives…

I love self-fulfilling Prophecies – don’t you?

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