Sunday, July 3, 2011

Default Stupid!

Of course Greece should default, because quite obviously, you cannot borrow yourself out of debt. Last year the Greek debt was $50 billion now it is closer to $300 billion and still rising.

What the mainstream financial media are not saying is that Greece will default anyway. Instead of defaulting and putting the losses on investors where they properly belong the Greek government turns its masses into peasants to repay the un-necessary debt forced upon them by global international usurers.

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