The Phaserl


The Facts on the Greek Crisis

by Jeff Nielson, Bullion Bulls:

As the EU bankers and puppet politicians continue applying their thumb-screws to Greece’s government, there are few indications of rational reporting on this crisis – in either the mainstream or Alternative media. This is regrettable as the facts (and the overall scenario) could not be simpler.

Greece is bankrupt. This should be no surprise to anyone, as it has never been solvent since it declared debt-default for the first time, in 2012. As a matter of basic arithmetic; the only way that Greece’s economy can ever improve, and Greece can ever have a future is if the EU (Greece’s primary creditor) agrees to substantial debt-reduction. This is nothing more than elementary logic.

The EU has absolutely refused to consider any debt-relief. Its position is as simple as it is sadistic:

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