It fascinates me that while Greece's possible insolvency rocks world financial markets, the unspoken consensus is that the Greek people simply have to accept these austerity measures, and to not do so is childish and selfish.
Why should they?
The Greek pensioners didn't cause the financial crisis. They didn't get leveraged 30 to 1 or make side bets with AIG that simple arithmetic told a child they couldn't pay off.
Default, Greece. Let the rotten, swinish banks go down holding your worthless pieces of paper. It may ruin the world economy, cause me to lose my job and starve to death. But frankly? It would be satisfying to watch bankers suffer for once.
Then again, who am I kidding? Bankers never suffer. They'll just get bailed out, while more austerity from us will be needed to balance the books. Again.
I couldn't agree more. This is the game plan of the elites to implode each country Greece, Spain, Ireland, etc. The Euro-zone goes first, Germany can't keep bailing out the insolvent ones caused by the derivative black hole. US and UK are also in trouble. Inflation has only begun, but I'm doing great in gold and silver related assets.
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