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In reply to the discussion: Greece must bow to austerity or go bust, says EU [View all]Jack Rabbit
(45,984 posts)Greece is moving in the right direction. Tell the EU to fuck off, as should all the other underperforming economies.
It won't really hurt Greece to let their banks go under and more that it would hurt America to let its crooked Wall Street banks go under. Banks don't produce wealth. They just move it around, and for the last 35 years, the era of Raganomics, they've done a terrible job of that.
The EU is merely a facilitator of these fake job creators. It's worthless, if that's not paying it too high a compliment.
What is the city but the people? If the economy isn't putting wealth in the pockets of the people, it's because somebody who shouldn't be is expropriating the wages on their labor. The Greeks are not beggars; they are the victims of a grand heist (see my signature line) and Angela Merkel is the bankster's moll and the EU is the getaway car.
Austerity is bullshit. The answer is to close tax loopholes, impose regulations on financial institutions, jail the banksters and create a jobs program. It doesn't matter if the financial institutions are the old ones or the new ones that rise from the ashes once the corrupt old are allowed to fail.
They should be allowed to fail. Banking is too important to be left to the bankers.