The Phaserl


The Wild Card Question that Brussels Dares not Ask

from The Wealth Watchman:

End of an Era

Folks, as the hours go by, it’s becoming painfully obvious to anyone paying attention, that no matter what path Greece takes in the days ahead, what’s happening right now spells the end of “business as usual” in Europe.   The leaders of Syriza have managed to doggedly stand firm in their main pledge(at least to date): to force Brussels and Germany to reduce the debt burden upon the Greek people.

The new Greek Prime Minister, Tsipras, has gunned down any banker hopes that this EU ultimatum(to either accept further bailout debt, or to leave the EU) is going to be successful in bringing them to heel.  Varoufakis, the new Finance Minister, has now reiterated Syriza’s position, so that no one can possibly mistake their intentions.

Amazingly, Brussels has(for now) still chosen to pull up a chair at the poker table, and play tough with Greece.

E.U. leadership is still insisting that the debt isn’t negotiable.

They’re still insisting in hardliner fashion, that the bailout terms are somehow…sacrosanct.

They’re still, hilariously, maintaining that debts must always be repaid(when we know that debts are defaulted upon all the time)!

The E.U. has played a dangerous hand here with Greece, because I believe they’re acting under 2 disastrous assumptions:

1)They’re assuming that they hold all the ace cards in this scenario, and

2)They’re assuming that the Greek government stands to lose everything, should they be expelled from the Euro.

But are those assumptions really true?  Does Brussels really hold the hand that they think they do? Let’s examine this together.

What Cards do They Hold?

First, It seems that everyone who has dealt with the Greek government has been saying the same thing. They all seem to believe that somehow leaving the EU would simply be too painful for any ruling party in Greece to go through with. The Troika keeps mentioning the horrible bank runs that Greece would be hit with, or that all public and private lending would instantly dry up.

“Greece can’t leave the E.U., because she would be almost certainly rendered a ‘failed state’”, that’s the line that’s repeated, over and over again.

Personally though, whatever else that Syriza believes, I think we can all agree with them that extending further bailout funding is the opposite of “constructive” for the Greek people.  Greece is an insolvent debtor, and austerity is a non-solution for any insolvent debtor.

Remember that bailouts are monetary heroin!  They are a debilitating drug which ensnares any insolvent institution which tries them(be they banks or sovereigns).  Bailouts have led Greece to a spiraling path of economic disintegration and depression.  This is important, because Brussels has been shocked to learn that so many in Greece wouldn’t want their financial “assistance”.

Brussels has failed to understand, that what they view as this:

Turk Stream 3

Greece looks upon as this:

Turk Stream 2

Greece has experienced an extraordinary depression for the last 3 years, all to save large European banks.  Their islands, their shipping industries, everything they really own has come under the chopping block at auctions.  Unemployment among the youth there has regularly been upwards of 60%!  General unemployment has stayed well above 20%.  There has been so little cash to even pay for day to day expenses, that Greek neighborhoods and communities have had to resort to complex bartering for goods and services.  Suicide has become rampant, and crime has skyrocketed.

To the average Greek, the Euro has been nothing but trouble, representing oppressive government by German banks.  Many in Greece have wished that they’ never joined the Euro.  The Greeks have abandoned hope, during this bailout arrangement.  They know where it leads, and they’re ready to look anywhere else for another option.

The Unseen Factor

Enter Russia and the Eurasian Economic Union, onto the scene.

Remember, several weeks ago, I wrote about the real unseen danger of this whole Greek situation: that if Greece left the EU, that Russia would be all too happy to pick up the pieces, and establish a sovereign, Orthodox foothold to trade with, right on the European mainland.  With that in mind, there’s an obvious question, that I can’t seem to shake in all this:

What if the Greek government isn’t just “talking tough”?   What if Brussels has completely misread their opponents? What if Syriza’s confidence springs, not from obstinate brinksmanship, but from the knowledge of what they stand to gain with their new burgeoning, geo-political partnerships?

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17 comments to The Wild Card Question that Brussels Dares not Ask

  • Petedivine

    This is a great read. What an exciting time to see historical events take place. I’m happy to have access to such great insights. Thanks to WW and STG. Without guys like you I’d probably still be grazing with the sheep right next to the wolves.

  • Kim

    Here is to Greece doing the right thing (for them) and seriously undermining the globalist goals.
    Excellent work WW.

  • windrunner56

    This MAY and I say MAY, because we have been duped so many times before by Governments, be the start of something great for Sovereign Nations. Rest Assured that Italy, Spain, Portugal, and many other Countries teetering on the Austerity bandaid, are watching this thing as closely as the World Cup.

    If Greece is not just grandstanding and have full intent of an all out Grexit, they will for certain create a pandemic among fat cat banksters and their puppet Government Leaders. We the people may all end up being the big winners, and a total financial meltdown would only be in our best interest. GOLD, SILVER, even BITCOIN. Oh and prep baby prep!!!!!

    • Ed_B

      Most of us hope for exactly that BUT… we thought the same thing when Iceland broke out of the bankster trap and went their own way as well. I dunno… maybe it will take this time and really will be the start of something great.

  • uncviper23

    Reminds me of the old saying “come hell or high water”. Sounds like game over Euro-zone. “Can’t get blood out of a turnip” scenario. For what it’s worth Greek wins. Brief party in Greece, world market crash.

  • glitter 1

    Many Gold Positive forces converging towards February 28,will there be a gold price eruption or just the equivalent of a popcorn fart?

    > Greece Issue

    > India’s budget (gold tax reduction by 80%)

    > Ukraine showdown

    > Chinese New Year

    > The Tyrant In Chief now asking(pushing)Congress to allow “Boots On The Ground” to fight those evil ISIS(after months of unstopped MSM Propaganda on Beheadings,Burnings,Murders of innocent(s))Got all the sheeple whipped up to support an esculation in the MiddleEast – read:Syria.Gotta go stop that evil ISIS.Let’s Go Get Em! Me thinks it’s the much needed/necessary distraction made to order for what may be close at hand with stewing current events!

    Round and round she goes where it stops nobody knows!

    • Ed_B

      The thing about ISIS that really gets me is that they should be Enemy #1 to Iran, yet we never hear about Iranian airplanes, tanks, or infantry battling them in Syria, which is a client state of Iran. One would think that Iran would be all over ISIS and tearing them a new one. Either we just aren’t hearing about it, which IS a strong possibility, OR the fix is in and all this is BS. Hard to figure which, as the odds here seem pretty even.

      • Jacobson

        The Iranians aren’t stupid, they fight ISIS through Hizballah which is an official Shi’te organization the was created by Iran in order to “Export the revolution”.
        It’s a proxy war.

        Iran is taking over Yemen and Iraq too.
        They have official soldiers everywhere but they fight through other names (and not the army of Iran).

  • How come ISIS never attacks Israel ?

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