The Greek Default?
While everyone is talking about Greece’s IMF default, the real story is
illustrated below. Over 225 billion Euros is owed to other European nations. The scheduled referendum leaves the certainty
of a Greek bailout and the illusion that the Greeks are deciding their own
destiny. Poor fools.
This will be another rigged game with a “yes” vote to stay within the
European Union prevailing. We are not ready for the financial Armageddon just
yet. The readiness of the military establishment and the required security
measures to counter-act mass riots are not fully in place. A “no” would
ultimately place blame on bureaucrats and Central bankers, and that is not the
desired end to this financial dilemma.
Thank you,
Joseph Pede
Joseph Pede
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