Mass Delusion among Greece’s Far Left: Victorious Syriza wants Greece to skip out on its debts.

National Review ^ | 01/26/2015 | Tom Rogan

[AU72]

That's a winning formula, welsh on your debts and ask the countries that loaned it for more.

Try that with your mortgage banker.

[Opinionated Blowhard]

The real “mass delusion” was on the part of the German bank executives and government officials who believed that Greece would adhere to austerity and pay back its debt. Let them default, devalue, drop out of the Euro and turn on the Welfare spending spigot full blast. Station troops at the border so the internal civil war that decimates the country doesn’t spill over, but otherwise, let the ugly end of Greek Socialism play out. Its the only way Socialism ever ends.

[gunsequalfreedom]

The unanswered question in all that is where are the austerity measures for those in Greece that are making millions of dollars a year while ordinary saps suffer reductions in already meager pensions?

[muir_redwoods]

I’m sorry a nation with as illustrious a history as Greece has to be reduced to an object lesson for the failure of socialism but here we go.

[grania]

The German bankers are buying up Europe with loans that can't be paid back. They're making it impossible for Greeks to better themselves because of the influx of cheap labor that degrades their lives and culture .

Why should the people have to suffer for the loans from the globalist bankers? Let their leaders who force-feed these policies on their populations pay up....they're the ones who profited.

You can't improve the economy if the "little folk" don't have stability and money to spend. I hope Greece breaks free while they still have a nation and culture to save.

[Jim Noble]

Mass Delusion among Greece’s Far Left: Victorious Syriza wants Greece to skip out on its debts

It's not a delusion.

What's a delusion is the belief that undergirds the Davos Empire, which is 1) The sovereign debt will be repaid or 2) Those nations who owe sovereign debt will pay interest in increasing amounts unto the fifth generation.

Neither of those things is going to happen. Debt as money is going to collapse. Where, when, and how, and who wins and who loses are still TBD.

But believing that Greece's debt will be paid (or America's debt, for that matter) is the true delusion.

[mj1234]

maybe they got some of their ideas from:

Venezuela
Argentina
Cuba

The big elephant in the room:

What OTHER EU countries may default because of this-

[Cowboy Bob]

And here, socialism has one advantage in its favor: easy populism. Just watch this gem of a quote from the leader of Britain’s socialist Green Party, this weekend: “Maybe we’ll have to pay sewer cleaners more than bankers and that might be a good thing.”

Since when does the government pay the salaries of bankers? Sewer cleaners, on the other hand, do work for the government. Overpaid government workers, and their retirement pensions, are what causes problems. Just another example of how clueless the Socialists are.

[Malone LaVeigh]

[Maelstorm]

The left is celebrating prematurely and already overstating their victory but like François Hollande in France they will just feed the rise of the right in Europe when they fail spectacularly.

[St_Thomas_Aquinas]

Defaulting on its debts to foreign governments could be a good thing if it generally serves to discourage loans to foreign governments, particularly socialist ones.

[C19fan]

Let the Economic version of playing chicken begin.

[tet68]

That’s a winning formula, welsh on your debts and ask the countries that loaned it for more.
Try that with your mortgage banker.

If Iran is any example, Obama would pay them just to
keep negotiating.

[Vigilanteman]

. . . or they could make their model Iceland, but they won't. Icelanders have good control of their borders and a strong work ethic. They were able to thumb their noses at the international bankers successfully because they implemented their own austerity program.

That's a lot easier to do with a country of less than one million people who aren't addicted to other people's money.

[Joe Boucher]

Greece needs to kick start its economy.
Maybe start a war with Turkey

[MCF]

“If I owe you a pound, I have a problem; but if I owe you a million, the problem is yours.”
-John Maynard Keynes

[The Duke]

You can't improve the economy if the "little folk" don't have stability and money to spend. I hope Greece breaks free while they still have a nation and culture to save.

I have to say that I agree with you. Capitalism is one of the greatest positive forces in the universe, but it can also be its own worst enemy.

[palmer]

austerity measures for those in Greece that are making millions of dollars a year

Pretty much all the entrepreneurs have left and the only people left making millions are in league with the government. One of the few results from socialism and communism that you can count on is the pie shrinks while portions get more uneven.

[palmer]

Capitalism is one of the greatest positive forces in the universe, but it can also be its own worst enemy.

I would not consider the EC to be driven primarily by capitalism. For the most part it is controlled by a coalition of socialist governments and big banks.