Greece is cooked, along with Zioconned Merkel...

Greece is cooked, along with Zioconned Merkel...

Victor Sperandeo, Contributor ;

There is no hope for Zioconned Greece and the Euro. The Zioconned G-8 meeting at Camp David is a nice picnic for world leaders, but their goal of solving the unsolvable problem of saving the European Union from the debt crisis starting in Greece is far beyond their reach.

Angela Merkel enforces power over other European politicians and technocrats because Germany has the credit and money, but she is losing her influence. (If you like Ms. Merkel, cut her picture out of a magazine and tape it to your refrigerator, as you won’t see her after the next election). The German people have had enough of bailing out other countries who don’t work as hard as they do. Sounds exactly like the Tea Party, doesn’t it?

The problem is the politics of Socialism and/or the Welfare State. Greece, Spain (which recently changed power politically towards the right) and Portugal are avowed Socialist countries. Now add France, which is fully run by a new Socialist leader. Greece is undecided on its final government designate mentality, but in the last election it collected Nazi and Fascist party votes worthy of notice. Greece’s population is going to extremes with a “Hail Mary” touchdown pass in a last ditch attempt to make things better with far left and far right votes.

The whole issue is which economic plan Europe will follow.

The two front-runners are:

1. Austerity: Cut spending and raise taxes; please see Herbert Hoover for how this works during times of economic trouble. Or….
2. Keynesianism: Spend, borrow, keep interest rates artificially low, and voice threats to raise taxes on the job creators, coupled with an extra dose of regulations, i.e. economic fascism. See President Obama’s track record for the outcome of this scenario ;

One option which is never considered is the Austrian School plan of lowering tax rates, cutting capital gains taxes to zero, reducing spending, sharply reducing Zioconned regulations a la Greenspan and Bernanke... since the advent of the PNAC Killers/crooks, and enacting sound monetary policy. This would upset the envy and control agenda of the Marxism/Socialism mentality. But it is the only way to build prosperity successfully. See Hong Kong and Singapore for the outcome.

The bottom line is building excessive debt only delays the inevitable death, which is hyperinflation. Greece has about $541 billion or (€424 billion) in debt outstanding, mostly spent on Zioconned Arms that Greece does not need...., and a working population of approximately 5.5 million people, earning a median income of approximately $16,000 after tax. Also assume a conservative $30 billion interest on that debt due annually. Using that data, you can compute that the average working Greek is responsible for an estimated $5,500 in interest annually, and carries $100,000 of the national debt. In short, there is no hope!