Why Greece is the lynchpin that could unleash economic collapse, domestic martial law and global war
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NaturalNews) I wish I could download to your brain everything you need to know about the European Crisis unfolding right now. The possibility of the breakup of the European Union could be the spark that sets off the global debt implosion that leads to violent conflict across the globe.
The actions of Greece, it turns out, could set off a chain reaction that leads directly to a Wall Street panic and the "bail-in" seizure of your savings accounts at your favorite hometown bank. It could also radically destabilize eastern Europe, heightening the risk for conflict between Russia and western European nations (including NATO members like the United States).
To understand why this is, we first need to grasp the basics of European history. The average American, unfortunately, knows virtually nothing about European history. But that might be asking too much, since the average American also knows nothing about American history, either. Fortunately, this article is written for exceptional Americans who are far better informed than the average Joe.
Socialism keeps running out of other people's money
Greece is bankrupt. Like all socialist states, it has "run out of other people's money," and in this case the "other people" are primarily the German people. Modern-day Germany is the economic miracle of Europe, having risen out of the ashes of World War II, defeated and shamed, to reclaim its role as the single most powerful nation in Europe. What Germany once commanded with its military might, it now commands with its economic miracle machine.
The German people are smart, diligent, innovative and quality-minded. But they've grown weary of bailing out the miserably inefficient government spending of Greece and what they see as a "culture of incompetence and corruption" in that nation. (Can you blame them?) When Germany demanded Greece cut its government spending through austerity programs, the Greek people elected a radical, inexperienced new government into power that declared the austerity cuts to be implausible and refused to play ball with Europe's central bankers.
Right now, Germany and Greece are in a dangerous game of chicken, with Greece saying it won't repay its debt obligations to European banks because those very same central banks functioned as criminals that unfairly exploited the Greek economy through dishonest imperialist debt schemes. Yes, there's a long story here involving Goldman Sachs, mafia banksters and dastardly financial ploys that crippled Greece's economic future, but that's all too much for this short article.
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