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Greece is in the news again for another crisis that could lead to a global financial meltdown. Or so we're told. This kind of media coverage has been going on for 5 years now, and my question is: when is it finally going to end?
Recently Greece had a referendum which surprised a lot of people when more than 61% voted no. That's 61% who said they've had enough of the IMF and this global corporatocracy. But, of course, they also said they wanted better loans and virtually nobody wanted any cuts to any government spending.
Now, what happens in Greece doesn't necessarily stay in Greece. With the country's financial woes back in the news, stocks in America were down while gold increased its purchasing power. But sure enough, the economy hasn't collapsed. Greece and the EU are discussing so-called solutions, but this relative stability won't last forever. There haven't been any fundamental, structural changes to the system.
The No vote in Greece, I think, captures the resentment Greeks feel toward the Euro bureaucracy. Of course, they just want more socialism, but at least it's anger directed at the bankers. The Greeks tend to express this anger through their votes, but with the IMF continuing to work with the Greek government, clearly voting doesn't work when nothing has changed.
So who is to blame for Greece? Well, half of Greece's outstanding debt is from military spending.
In 2010 they spent 7% of their GDP on military, which is unprecedented for a country that size. Of all EU nations, Greece spends the highest percentage of GDP on military. So when you think about who buys and sells these weapons, then there are clear incentives to keep Greece in the Euro and to keep that debt financed. And it's not to keep the Greece people clothed, housed and fed. The Elites could care less about the individual or the family. In Greece, it's about protecting the arms trade. France, Germany and the United States make a lot of money selling arms to Greece.
And does Greece need this oversized and expensive military? Obviously not. They say it's for defense against Turkey but Turkey is now a NATO member, so that doesn't make sense. Like most, if not all things in politics, it only makes sense when you follow the money. Greece's military spending and debt crisis all come back to profits, not national defense. More money and power for a few, while charging the future generations that have now arrived and are pissed.
Establishment solutions for Greece are just more of the same: low rates, short-term loans. All the world's major banks are intermixed, so they can't allow one to fail. And with Greece, the global military industrial complex is involved. There will be no “Grexit” unless it serves these powers first.
Like I said, concerns about Greece have been going on for five years. They could go on for five years more. But everyone wants to know – where will the next crisis originate? Europe? America? China? China has the world's largest bubble, but they are also the most likely to rebound the quickest. What about Vancouver, British Columbia? The city of Vancouver is looking into putting rent-caps on foreign buyers. The same buyers who are supposed to keep the Canadian housing bubble afloat forever. It's all about that “Asian demand”. But what if this restriction goes through and Vancouver's foreign condo buyers dry up? No new buyers puts a hold on future construction, affecting capital suppliers, and rippling throughout the broader economy. Before you know it, a Vancouver bylaw will have caused the Canadian housing bubble to burst, pulling down the Canadian economy and with it the entire global financial system. Thanks Mayor Robertson.
However it happens – that examples just goes to show how fraudulent this entire system is. It's based on a fiat money, created by a select elite. They've made this system dependent on debt and guess who owes the most? The United States of America. So I'm not too concerned about Greece or whatever or whoever causes the next meltdown. Because ultimately, the core issue is the fiat money and the debt perpetuated by the Federal Reserve System.