Background on Greece and Debt

First: Let’s remind ourselves that Greece is a county like other countries in that there are lots of people with conflicting desires, plans, hopes and dreams. I’ve often panned the Greeks in historical terms for poisoning the world with their philosophers. However, Western Civilization is not Greek in flavor, but actually rather Germanic. It’s a blend of the two major influences, so it’s really quite unfair for us to judge the Greeks from our Germanic social mythology. Let’s also not forget that within living memory, Germany plundered Greece (during WW2) and has steadfastly refused to even admit doing so. To say that it no longer matters is a flat out lie: The current German good fortune, such as it is, includes a lot of stolen wealth. Part of what’s wrong with Greece’s economy was the crippling blow from which they never quite recovered.

In other words, there are no good guys so put away the gilding brush. The same is true with just about any analysis you read about the current business between Greece and the European banking system — all of them are giving you a slanted story. I’ll offer one link that comes about as close as anything else to the facts of the matter: Greece — The One Biggest Lie You Are Being Told By The Media. Please note how the same basic story applies to some other countries now on the edge of having to fight the same battle.

Yes, the Greeks are notoriously less interested in aping the dour German work ethic. But then, the Germans are no longer that way, either. Still, they tend to get things done with less corruption than the Greeks. The difference is that the Greeks were less interested in systematic sharing of the plunder, whereas the Germans are somewhat more democratic about it. The alleged “Cradle of Democracy” is anything but.

Still, the Greeks were doing okay before all this stuff went wrong, and the blame rests far more heavily on the banking lords than on the corruption so native to Greece. Corruption is a fact of human existence, only the flavor changes, like with the cooking. The Greeks were used to playing a tough game with each other and sometimes with outsiders, but the Eurobankers are thugs without any of the Greek charm, just cold spite and the most insidious lies.

Keep in mind that, while the government of Greece does have some regulatory power over the banks in Greece, the bankers have zero loyalty to the people. They are on board with the Eurobankers generally. The Greek banks have shareholders, but as you might expect, most of them are the same plutocrat psychopaths you see holding shares in banks everywhere. You saw what happened in Cyprus — the so-called “bail-in” — and it will probably happen in Greece, Spain, Italy, et al. If so, it will eventually happen in the US.