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Nadeem Walayat Financial Markets Analysiis and Trend Forecasts

Will Greece Commit Suicide? Syriza Propaganda and Greek Mass Delusion

Politics / Eurozone Debt Crisis Jul 04, 2015 - 01:29 PM GMT

By: Nadeem_Walayat

Politics

The countdown to Sunday's Greek gobbledygook question Referendum that few understand is resulting in ever increasing intensity of propaganda that flows from the game playing marxist Syria government that long since left reality behind as the lies of what the crisis is all about keep compounding so as to convince an increasingly delusional Greek electorate that they are the victims of an evil Troika when the truth is the exact opposite. Firstly, the Greek crisis is NOT about debt! For if it were then Greece would have gone bankrupt 5 years ago!


Greece's debt is irrelevant because everyone knows that it will never be REPAID. ALL understand this, the IMF, EU, ECB, AND Syriza, but it does not suit Syriza's marxist agenda for Greece and therefore they continue to bang the drum of Greece suffering under an unbearable debt mountain that it is being forced to service when the truth for the duration of the past 5 years is that Greece has been a NET recipient of billions of euros per year from the Troika, i.e. that not only does this mean that Greece has not made a single debt or interest payment in ANY of the past 5 years, but also that the Troika has been financing Greek government spending to the tune of tens of billions per year and it is THIS which is the real issue that the Troika wants addressed i.e. for Greece to stop spending other peoples money and learn to live within its means.

An IMF report as much as states the same that Greece will need a 20 year grace period before debt repayments AND be in receipt of Euro 50 billion for spending over the next 3 years which translates into debt that will never be repaid until inflation has wiped its value away and that the Euro-zone will subsidise Greece to the tune of as much as Euro 100 billion over the next 3 years.

So the crisis is NOT about DEBT which Greece is NOT servicing but rather the DEFICIT which Syriza Greece expects the euro-zone to finance in perpetuity. Many if not most of the people of Greece are failing to understand this point that Greece is BEING SUBSIDISED by the rest of the Euro-zone rather than the mass delusion that the Greeks have convinced themselves of being victims of the euro-zone when instead the truth is that Greece has been a net recipient of tens of billions of Euros per year.

As things stand most Greek people appear to have swallowed Syriza propaganda and thus are in a delusional state of 'we are the victims'. Greece is in the grips of mass delusion, madness that could yet result in Greece effectively committing suicide on Sunday.

As game playing Syriza fools push Greece over the cliff and into the abyss, in the not too distant future many books will be written by academics of Greece, a text book example of what happens when a western nation goes MAD! Which needs serious study for if it can happen in Greece then so it can happen anywhere for we all have the same BRAINS! Susceptible to delusional constructs where another current example is the mass delusion of tens of thousands of muslims going off to the Islamic State Utopia when the reality is one of hell on earth!

The other alternative is that Syriza instead of being fools have actually been working towards this outcome i.e. for Greece to leave the euro-zone so that they could then go on and create their marxist Utopia without euro-zone controls so as to curtail member state insane policies. After all what the opinion polls have clearly stated is that approx 70% of the Greek population fearing hyper-inflation do not want to leave the comforts of a stable currency. Hence an engineered crisis culminating in an referendum question that is designed to confuse the electorate into voting for a GREXIT.

The bottom line is that Syriza is lying to the Greek public about having been making debt repayments for the past 5 years when in reality Greece has been on the receiving end of Euro 360 billion! AND that the euro-zone is LIEING to euro-zone tax payers because Greece will NEVER repay the Euro 360 billion. So whilst Greece is banging the drum of their democratic rights, what about the democratic rights of the other euro-zone tax payers, for no one asked them if they should each contribute to the Greek relatively laid back lifestyle in perpetuity because Greece is not experiencing the inflation that accompanies large deficit spending i.e. the UK prints debt and money to finance its deficit which causes inflation. And the UK debt is NEVER repaid because its value is being INFLATED away.

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By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2015 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


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