Best of the Week
Most Popular
1. TESLA! Cathy Wood ARK Funds Bubble BURSTS! - 12th May 21
2.Stock Market Entering Early Summer Correction Trend Forecast - 10th May 21
3.GOLD GDX, HUI Stocks - Will Paradise Turn into a Dystopia? - 11th May 21
4.Crypto Bubble Bursts! Nicehash Suspends Coinbase Withdrawals, Bitcoin, Ethereum Bear Market Begins - 16th May 21
5.Crypto Bubble BURSTS! BTC, ETH, XRP CRASH! NiceHash Seizes Funds on Account Halting ALL Withdrawals! - 19th May 21
6.Cathy Wood Ark Invest Funds Bubble BURSTS! ARKK, ARKG, Tesla Entering Severe Bear Market - 13th May 21
7.Stock Market - Should You Be In Cash Right Now? - 17th May 21
8.Gold to Benefit from Mounting US Debt Pile - 14th May 21
9.Coronavius Covid-19 in Italy in August 2019! - 13th May 21
10.How to Invest in HIGH RISK Tech Stocks for 2021 and Beyond - Part 2 of 2 - 18th May 21
Last 7 days
The US Dollar is the Driver of the Gold & Silver Sectors - 28th Jul 21
Fed: Murderer of Markets and the Middle Class - 28th Jul 21
Gold And Silver – Which Will Have An Explosive Price Rally And Which Will Have A Sustained One? - 28th Jul 21
I Guess The Stock Market Does Not Fear Covid - So Should You? - 28th Jul 21
Eight Do’s and Don’ts For Options Traders - 28th Jul 21
Chasing Value in Unloved by Markets Small Cap Biotech Stocks for the Long-run - 27th Jul 21
Inflation Pressures Persist Despite Biden Propaganda - 27th Jul 21
Gold Investors Wavering - 27th Jul 21
Bogdance - How Binance Scams Futures Traders With Fake Bitcoin Prices to Run Limits and Margin Calls - 27th Jul 21
SPX Going for the Major Stock Market Top? - 27th Jul 21
What Is HND and How It Will Help Your Career Growth? - 27th Jul 21
5 Mobile Apps Day Traders Should Know About - 27th Jul 21
Global Stock Market Investing: Here's the Message of Consumer "Overconfidence" - 25th Jul 21
Gold’s Behavior in Various Parallel Inflation Universes - 25th Jul 21
Indian Delta Variant INFECTED! How infectious, Deadly, Do Vaccines Work? Avoid the PCR Test? - 25th Jul 21
Bitcoin Stock to Flow Model to Infinity and Beyond Price Forecasts - 25th Jul 21
Bitcoin Black Swan - GOOGLE! - 24th Jul 21
Stock Market Stalling Signs? Taking a Look Under the Hood of US Equities - 24th Jul 21
Biden’s Dangerous Inflation Denials - 24th Jul 21
How does CFD trading work - 24th Jul 21
Junior Gold Miners: New Yearly Lows! Will We See a Further Drop? - 23rd Jul 21
Best Forex Strategy for Consistent Profits - 23rd Jul 21
Popular Forex Brokers That You Might Want to Check Out - 22nd Jul 21
Bitcoin Black Swan - Will Crypto Currencies Get Banned? - 22nd Jul 21
Bitcoin Price Enters Stage #4 Excess Phase Peak Breakdown – Where To Next? - 22nd Jul 21
Powell Gave Congress Dovish Signs. Will It Help Gold Price? - 22nd Jul 21
What’s Next For Gold Is Always About The US Dollar - 22nd Jul 21
URGENT! ALL Windows 10 Users Must Do this NOW! Windows Image Backup Before it is Too Late! - 22nd Jul 21
Bitcoin Price CRASH, How to SELL BTC at $40k! Real Analysis vs Shill Coin Pumper's and Clueless Newbs - 21st Jul 21
Emotional Stock Traders React To Recent Market Rotation – Are You Ready For What’s Next? - 21st Jul 21
Killing Driveway Weeds FAST with a Pressure Washer - 8 months Later - Did it work?- Block Paving Weeds - 21st Jul 21
Post-Covid Stimulus Payouts & The US Fed Push Global Investors Deeper Into US Value Bubble - 21st Jul 21
What is Social Trading - 21st Jul 21
Would Transparency Help Crypto? - 21st Jul 21
AI Predicts US Tech Stocks Price Valuations Three Years Ahead (ASVF) - 20th Jul 21
Gold Asks: Has Inflation Already Peaked? - 20th Jul 21
FREE PASS to Analysis and Trend forecasts of 50+ Global Markets by Elliott Wave International - 20th Jul 21
Nissan to Create 1000s of jobs with electric vehicle investment in UK - 20th Jul 21
Bitcoin Halvings Price Forecast and Stock to Flow Analysis - 18th Jul 21
Dell S3220DGF Unboxing and Stand Assembly - 32 Inch 165hz Curved Gaming Monitor Amazon Discount - 18th Jul 21
What Does The Fed Mean By “Transitory Inflation” And Why Is It Important To Understand? - 18th Jul 21
Will the US stock market’s worsening breadth matter? - 18th Jul 21
Bitcoin Halving's Price Projection Forecasts Trend Trajectory - 18th Jul 21

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

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.

Ensure you are subscribed to my always free newsletter for ongoing in-depth analysis and detailed trend forecasts that include the following planned newsletters -

  • Why Thousands of Muslims Are Going to Live, Fight and Die in Syria / Iraq
  • US Dollar Trend Forecast Update 2015
  • Gold Price Forecast Second Half 2015

Also subscribe to our Youtube channel for notification of special video projects such as -

  • The Illusion of Democracy and Freedom
  • Did God Create the Universe?

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.

Nadeem Walayat Archive

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


Post Comment

Only logged in users are allowed to post comments. Register/ Log in