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24/04/16

11:30

Post #: 17588932
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Originally posted by 23skidoo ↑

Ophir, there's no way Greece can meet its debt obligations, but it won't trigger bank contagion and economic collapse. Greece is a slave to the Banks. The future for Greece is endless Euro loans with more and more Greek national assets taken to pay for them. Greece's sovereignty is gone. It is well past any point of recovery. It will continue to be looted by the banks.
The EU will never let them go. It's militarily strategic in the confrontation with Russia. NATO is almost entirely funded by the US, so Washington would never allow Europe to let Greece go.

Venezuela is in the American sphere, amd the US Fed can create unlimited amounts of money from thin air. I think the US will prop up any US banks threatened by Venezuela loan defaults.
23.

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So what action would you take, if you were Greece?

Isn't default their only way out from being Debt Slaves forever?

If I was in prison for life and I was granted one wish, I would take away the sole crime that enslaved me, then begin a fresh new life.

Same with Greece, default now on all it's debt (which it can't ever pay back), and start fresh.
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