{"id":26712,"date":"2015-06-18T23:50:58","date_gmt":"2015-06-18T21:50:58","guid":{"rendered":"http:\/\/norkhosq.net\/?p=26712"},"modified":"2015-06-19T00:15:26","modified_gmt":"2015-06-18T22:15:26","slug":"starvation-is-the-price-greeks-will-pay-for-remaining-in-the-eu","status":"publish","type":"post","link":"https:\/\/norkhosq.net\/?p=26712","title":{"rendered":"Starvation Is The Price Greeks Will Pay For Remaining In The EU"},"content":{"rendered":"

\"\"By Paul Craig \t\t\tRoberts<\/span><\/span><\/span><\/p>\n

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June 16, 2015 „<\/span>Information \t\t\tClearing House<\/span><\/a>“ – <\/span>Syriza, the new Greek government that intended \t\t\tto rescue Greece from austerity, has come a cropper. The government \t\t\trelied on the good will of its EU \u201cpartners,\u201d only to find that its \t\t\t\u201cpartners\u201d had no good will. The Greek government did not understand \t\t\tthat the only concern was the bottom line, or profits, of those who \t\t\theld the Greek debt.<\/span><\/p>\n

The Greek people are as out to lunch as their \t\t\tgovernment. The majority of Greeks want to remain in the EU even \t\t\tthough it means that their pensions, their wages, their social \t\t\tservices, and their employment opportunities will be reduced. \t\t\tApparently for Greeks, being a part of Europe is worth being driven \t\t\tinto the ground. <\/span><\/p>\n

The alleged \u201cGreek crisis\u201d makes no sense \t\t\twhatsoever. It is obvious that Greece cannot with its devastated \t\t\teconomy repay the debts that Goldman Sachs hid and then capitalized \t\t\ton the inside information, helping to cause the crisis. If the \t\t\tsolvency of the holders of the Greek debt, apparently the NY hedge \t\t\tfunds and German and Dutch banks, depends on being repaid, the \t\t\tEuropean Central Bank could just follow the example of the Federal \t\t\tReserve and print the money to secure the Greek debt. The ECB is \t\t\talready printing 60 billion euros a month to save the European \t\t\tfinancial system, so why not include Greece?<\/span><\/p>\n

\"\"A conservative might say that such a course of \t\t\taction would cause inflation, but it hasn\u2019t. The Fed has been \t\t\tcreating money hands over fists for seven years, and according to \t\t\tthe government there is no inflation. We even have negative interest \t\t\trates attesting to the absence of inflation. Why will creating money \t\t\tfor Greece create inflation but not for Goldman Sachs, Citibank, and \t\t\tJPMorganChase?<\/span><\/p>\n

Obviously, the Western world doesn\u2019t want to help \t\t\tGreece. The West wants to loot Greece. The deal is that Greece gets \t\t\tnew loans with which to repay existing loans in exchange for selling \t\t\tmunicipal water companies to private investors (water rates will go \t\t\tup on the Greek people), for selling the state lottery to private \t\t\tinvestors (Greek government revenues drop, thus making debt \t\t\trepayment more difficult), and for other such \u201cprivatizations\u201d such \t\t\tas selling the protected Greek islands to real estate developers.<\/span><\/p>\n

This is a good deal for everyone but Greece.<\/span><\/p>\n

If the Greek government had any sense, it would \t\t\tsimply default. That would make Greece debt free. With just a few \t\t\twords, Greece can go from a heavily indebted country to a debt-free \t\t\tcountry. <\/span><\/p>\n

Greece could then finance its own bond issues, and \t\t\tif it needed external credit, Greece could accept the Russian offer. <\/span><\/p>\n

Indeed, if the Russian and Chinese governments had \t\t\tany sense, they would pay Greece to default and to leave the EU and \t\t\tNATO. The unravelling of Washington\u2019s empire would begin, and the \t\t\tthreat of war that Russia and China face would go away. The Russians \t\t\tand Chinese would save far more on unnecessary war preparation that \t\t\tsaving Greece would cost them.<\/span><\/p>\n

 <\/p>\n

Dr. Paul Craig Roberts\u00a0was Assistant Secretary of \t\t\tthe Treasury for Economic Policy and associate editor of the Wall \t\t\tStreet Journal. He was columnist for Business Week, Scripps Howard \t\t\tNews Service, and Creators Syndicate. He has had many university \t\t\tappointments. His internet columns have attracted a worldwide \t\t\tfollowing. Roberts‘ latest books are <\/em><\/span> The Failure of Laissez Faire Capitalism and \t\t\tEconomic Dissolution of the West<\/em><\/span><\/a> and <\/em><\/span> How America Was Lost<\/em><\/span><\/a>. <\/em><\/span><\/p>\n

 <\/p>\n

Photos – http:\/\/www.google.de<\/a><\/em><\/span><\/p>\n

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 <\/p>\n


\n<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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