Yesterday, the Greek people emphatically said “enough is enough” of this ridiculous European Union system, central banking and governments going into massive debt to be paid for by tax slaves and yet-to-be-born tax slaves.
Could it be that the birthplace of democracy, Western philosophy, Western literature, political science, medicine and mathematics will be the place to set-off a new global revolution?
The answer is still fuzzy but I’ll try to answer it at the end of this article.
Most people with any economic knowledge know that the EU would/could never really work… not for the people anyway. The only real question is whether or not it was planned and set-up to fail to bring in an even more tyrannical one-world government.
Now the people have spoken: They have told the EU, European Central Bank (ECB) and the IMF “no” to mortgaging generations of Greeks into perpetual debt and economic devastation.
What happens next will be the question. The EU, ECB and IMF will either have to acquiesce or try to push Greece to the brink via closing off the Greek banking system to liquidity which is currently what they continue to try to do.
All manner of issues have been discussed in regards to this. Cyprus style bank bail-ins have been considered. Greece has considered using their Euro printing press to print enough €10 notes (the only ones they are capable of printing) to supply the banking system and even pay off their multi-hundred billion dollar debt (which, using €10 notes would require billions of notes to be printed!). The Greek government has considered a California style IOU system in the meantime (because starting up a new drachma will take months at the very least)…
Anything could happen.
But, sitting on the sidelines watching with wide-eyed curiosity are Spain, Italy and Portugal who are almost exactly in the same situation as Greece. If Greece can get away with not paying back its debts then they will be the next to try it. You can see how quickly this snowball turns into an avalanche.
Even Austria, a country that is in much better shape economically and fiscally, has already moved forward toward potentially leaving the EU. Last week, 260,000 Austrians signed a petition calling for the EU exit for the country, and now the Austrian parliament must discuss a referendum on the issue. I can attest to the disdain to the EU in Austria as I was just there infiltrating the Bilderberg conference and everyone I talked to hated the EU.
And don’t forget the Scottish secessionist movement that only failed by a tiny margin… they are watching these events with great interest. Even the City of Venice in Italy, which had a referendum with 89% voting in favor of forming an independent state last March has to be watching eagerly.
Secession from the EU: a beautiful thing!
What we have been saying and predicting for years appears to be coming to a head. We’ve stated that the younger generation will not see any need or incentive to stay with these archaic, bankrupt, tyrannical systems. What does a young, unemployed person in Greece get out of it? The answer was clear in this weekend’s referendum: nothing. So they’d rather take their chances with the unknown than stick with a system that they know offers them no hope.
Most are waking up to the game. Even in the US, 70% of people now believe mainstream media is intentionally biased. In Greece, one of the biggest rallies last week was against the mainstream media! Mainstream media were being shunned on the streets. We’ve seen that before in the US with people attacking CNN reporters and telling them to get out of their communities.
Some may see this as a win of national socialism over tyrannical capitalism. It wasn’t. The EU/ECB/IMF have nothing to do with capitalism. They have everything to do with centrally planned fascist/communist systems. True capitalism (not crony-capitalism or crapitalism) doesn’t have central banks… it also doesn’t have government, taxes or regulations.
The only way for Greece to truly prosper would be to reduce the size of government by at least 90%, privatize almost everything, do without a monopoly central bank (private clearinghouses are OK provided they are not regulated), reduce individual and corporate taxes to 0% and allow for the market to decide what it wishes to use as a currency. Then sell all government assets including gold, to the private market. With the funds gained from that, pension payments could continue to be made while the entire national pension system is slowly wound down.
If Greece were to do that it would be the richest country in the world within 2-3 years. But, let’s take it a step at a time. Greek voters have stood up to the banksters. That’s significant.
And we can tell it’s significant because the mainstream media, like EU leaders themselves, are increasingly in denial about what’s taking place. An AP article, “After vote win, Greece’s Tsipras Looks to Rebuild Talks,” seems to make this clear.
“Despite triumphing in a popular vote against austerity, Greece’s leaders Monday faced the urgent need to heal ties with European creditors and reach a financial rescue deal to prevent it from falling out of the euro – possibly within days.”
“Time is of the essence,” German Chancellor Angela Merkel said after discussing the Greek crisis with French President Francois Hollande in Paris. “(Greek) proposals have to be on the table this week.”
The AP article goes on to inform us that Tsipras did receive a “bolstered mandate” but that it will hit the “hard reality of the country’s deteriorating finances.”
In other words, the vote changes nothing when it comes to actual negotations – except that Tsipras (having received his mandate) is more inclined to be conciliatory!
What a topsy-turvy world. I’m not surprised. Top Eurocrats look at votes as mere inconveniences to be welcomed rhetorically and then promptly ignored.
Not so fast… A return to business as usual will likely set the Greek populace against its own government. As marketplace realities crack the facade of the EU experiment, we’ll see this more and more starkly.
In this internet era, the fundamental differences in goals and objectives between ruling classes and the ruled are becoming ever-clearer.
Thus, the answer to the question asked in this article’s headline may be “yes.” It could be that in the cradle of democracy, the Greeks have once more begun to claim their birthright of freedom and independence.
It may not yet be clearly visible, but this vote may well have sounded the first note in a new renaissance of “human action.”
To Grexit or Not To Grexit, Leave Your Comments or Guesses Here
Originally Appeared At The Dollar Vigilante