Posted on 07/06/2015 4:44:49 AM PDT by Enlightened1
Despite the scaremongering and bullying from those in Brussels, we are waking today with Greece having delivered a resounding No.
That comes despite EU bosses saying that it would mean a Greek exit from the Euro, not to mention the heavy economic pressure placed on the Greek people to go along with the wishes of Brussels. It is a crushing defeat for those Eurocrats who believe that you can simply bulldoze public opinion.
Chief bully-boy Martin Schulz, President of the European Parliament, and other supposed leaders of the European Union did their best to terrify the Greek people into submitting to the wishes of the European Union. But they utterly failed. The fear espoused by the Yes campaign was rejected. Opinion polls that put the Yes side ahead just days before were way out, as thousands upon thousands of Greek citizens lined the streets chanting Oxi.
Where does Greece go from here? Well it seems to me that Alexis Tsipras cannot go on having his cake and eating it. A more prosperous Greece, ran by the Greeks rather than by the EU must surely face up to the reality that a euro exit is both inevitable and desirable in order for a long-term economic recovery to truly begin.
There is a bigger picture to consider, however. A huge generational dynamic exists, running through all of this. One poll from Antenna News in Greece found that 67 per cent of Greeks under the age of 35 voted No which shows just how much the seismic plates are shifting within European politics. The fact that young Greeks overwhelmingly rejected the Brussels dictat and voted No in huge numbers is of massive significance.
(Excerpt) Read more at telegraph.co.uk ...
The EU breaking up will set the plans for the NWO back several years, won’t it?
Ever hear of young and stupid? Of course there is just plain stupid as well.
The bill is due and their hands are still out for more and they will ride this all the way to hell as will the USA at this point.
Too many takers and not enough makers.
The EU has been dishing out good money after bad via the IMF...to which we are the largest contributors. But what’s new??
Until a man comes along with the perfect solution to world peace, when that happens run from him as fast as you can.
Nigel is projecting the young Greeks as representative of all European young people desirous of ending the unite Europe
I have seen no other such opiinion
Nigel seems o be extrapolating beyond reality
I don't know how the economics will work out, but on the whole, decentralization is almost always desirable for the cause of freedom.
Greece is unlikely to be more prosperous without continued transfer payments to their govt from outside the country.
I agree. Farange makes it sound like young Greeks just voted their Declaration of Independence. They voted for Freebies, not Freedom. Wait till dad takes away the car keys.
Wait till magazines become a valuable commodity for toilet paper.
This is a fight between the Trotskyite and Stalinist wings of the communist party in power globally. The Stalinists (Tsipras, Maduro/Chavez, Castro, Sanders) believe that reality is socially constructed, while the Trotskyites (Eurocrats, Hillary Clinton) are somewhat more pragmatic.
Going Greek used to mean taking it up the ( you know ). Well still means that....
NOTHING WILL BREAK UP!
The European Elite would prefer to throw their first born into an active volcano than to allow the EU to disintegrate. Not going to happen. If the EU did disintegrate, then their dream of re-populating their continent with people from the South would die, as countries like Italy would be allowed to guard their own borders again and send back those they don’t like.
The EU will simply pay whatever Greece demands...no more loans - just outright grants, maybe starting at $20B per year. They will NEVER let the EU die.
Just watch!
If Greece secedes from the EU will there be a NATO Athens campaign and then a march to the Mediterranean Sea?
The idea of Europe as a mega country encompassing several countries was as stupid idea.
They wanted to rival the USA. Didn’t work. The Euro was to rival the Dollar. Didn’t work.
Until a man comes along with the perfect solution to world peace, when that happens run from him as fast as you can.
Europe is so wussified now one wwii panzer division could wipe out Greece in 4 minutes.
Whether the Greeks voted for or against the EU, their economy is in shambles and they will have to endure years of painful austerity and restructuring. Whichever way it went, jobs would be lost, pensions would be obliterated and the bloated government bureaucracy would have to be slashed.
Staying with the EU meant they would wear the shackles of the German moneylenders and Brussels bureaucrats who would loan additional money but require obedience and submission as the price.
Voting against the EU bailout means uncertainty and likely divorce from the EU. In exiting the EU they will default on their loans to the international banks, and global organizations (IMF, World Bank). They will endure an economic catastrophe but will restore the independence of their nation. I say they made the right choice.
The truth is, the “too big to fail” banks continue to make unsound loans to individuals, groups and nations based on the promise government will bail them out as was done in 2008. We blame the debtor for reneging on his/her debts but we reward the lender by protecting him/her from the consequences of making loans the lender knows will never be paid. If bankers were not backed by the government, and had to bear the consequences of default, the extension of credit would no longer be politicized and bad credit risks would be cut off from new loans long before they reached the point they couldn’t pay.
Consider if Detroit, Puerto Rico, Greece, Argentina, and even our own US government had been denied credit at the point they started incurring debt to make loan payments. The size and power of government would have been constrained by economics regardless of the desires of the politicians. Our national and global economy would be more stable and government would be less intrusive in the lives of citizens.
The choice the Greeks had was between 1) austerity and slavery to the German bankers and bureaucrats of Brussels, or 2) default, austerity, and independence. They people chose wisely. Let’s hope they make more good choices as they endure the inevitable hard times of economic collapse.
To add to post 18 above, it is not coincidental the progressives wish to remove Alexander Hamilton’s image from the US currency and obliterate his memory. His major contribution to the young republic was paying off the debt from the revolution and ensuring the national government followed sound money policies and responsible budgeting. We should remember the currency was issued by the Treasury and backed by gold and silver in his day. No fiat money created by bankers with no accountability to the national government or the people.
In the long run Greece is going to need its own currency which they can devalue making their products and services cheaper on the world market in order to make themselves competitive. Anything else just isn’t going to work.
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