Quote Originally Posted by Kirkland Laing View Post
Minutes of an IMF meeting were leaked to the Wall Street Journal last year. They show that when Greece was forced into the 2010 bailout it was to protect the Euro from collapse and to bail out eurobanks who had all lent huge sums to Greece.

IMF Document Excerpts: Disagreements Revealed - Real Time Economics - WSJ

Everybody knew at the time that Greece needed debt restructuring and that they'd never be able to pay the debt they were being loaded up with. And it's amazing to read that privately governments all agree that austerity damages economies while publicly they claim the opposite. Austerity is obviously just a tool to slash the welfare state and worker protections and benefits, to turn Europe into Asia as far as big business is concerned. Actually it's not amazing at all, is it.

Probably what happens now :

They come up with some sort of last minute compromise extension agreement to kick the can down the road for another two/four/six months until they can negotiate something better. More when I have the time.
Here is my tradesman style take on it all.
Call it a gut feeling.

Greeces mega rich could all put in and pull them up out of anything easily with the right plan and implementations. They will not do that. Instead they will keep their cash and reserves abroad and safe instead.

I recon with Russia China Brazil India and South Africa now working together to create their own fair trade new world order and new banking system:

Countries who have been taken to the cleaners by the Anglo American alliance will also eventually take their business there.

The Anglo American so called 'Christian' World order that has reigned supreme, will do what its always done and go for the control panel via military means and take control or mess up others lines of what it can in the middle east and other spots of friction.

Australia would do well to cut ties and go with the Chinese plan for Eurasia. If we dont we will have Indonesia to deal with, maybe in the same way the States deals with problems outside of itself, not the way the Chinese do,which is so much smarter.