Sunday, February 5, 2012
GREEK DEFAULT & MIDEAST VORTEX
A few QUICK, TERSE, brief comments, observations, on above and related themes.
Despite rhetoric, jargon, jabberwocky, double/triple speak, subterfuge, spin, Orwellian euphemisms, what it boils down to, nitty-gritty of the matter, a Greek DEBT DEFAULT.
Now, what does Greek debt default mean?
When an individual defaults on a loan, legitimate or not, what happens?
Debt either being restructured, renegotiated AND/OR canceled, forgiven outright, although, people do go to prison for debt.
Government and/or private lenders thru legal auspices SEIZE, put liens on, attach, garnish, one's property, tangible, real assets, wages, monies, investments, cash, as payment for outstanding loans.
Creditors do NOT pay, purchase, buy assets from debtors.
In order to seize, appropriate, usurp, claim, assets, property, wages, in this case, NATIONALIZED, not individual, ones, coercive STATE enforcement mechanisms must EXIST, applied.
Question being, WHO, WHAT, WHICH AND HOW such EXTORTIONIST enforcement mechanisms IMPLEMENTED in GREECE without MILITARY OCCUPATION, CONFRONTATION, DICTATORSHIP, LIKE THOSE represented IN ALL CURRENT MIDEAST/NORTH AFRICA/ET.AL. PRIVATIZATION ADVENTURES.
(One might also recall Latin America debt scenarios.)
Another, or, additional possible Greek enforcement mechanism exists.
Looming much larger than Greek debt default on the horizon being a so-called European domino default scenario.
No matter which or what Greek outcome at this point, even IF Germany acquiesces, assuming government debt, which I strongly doubt, Euro Land economic authority, legitimacy, monetary integration FINISHED, DEAD, along with its PROFOUND consequences.
Those consequences obviously affecting an entire "European chess board," shifting balance of power relationships, alignments, vacuum, vortex, into which ALL countries and peoples subsumed ONCE AGAIN.
Another outcome conceivable, possible, Greece no longer to exist in its current State.
Nor, for that matter, Europe as it presently exists, as I indicate above.
Towards THAT end, ALSO, it is abundantly, evidently, clear, COMPETING PRIVATE INVESTMENT, ECONOMIC, INTERESTS, INCLUDING NAZI IRAN IN OCCUPIED IRAQ, THEIR SYRIAN PARTNERS IN CRIME, IRAQ PKK (nominally called Kurdistan), TURKEY, simultaneously bombing Northern Iraq PKK militias, SAUDI ARABIA, EGYPT, HORN OF AFRICA, ISRAEL, ETC., ALL create an inexorable, ESCALATING, SPIRALING, OUT OF CONTROL, MILITARY VORTEX, one everyone so assiduously claims they do not want.
No exit, a cul-de-sac, to ALL above exists except recognition of issues raised in MY POSTS BELOW, OR, MORE, FURTHER, deepening, coercion, force, repression, applied to ALL problems above.
The CHOICE being YOURS.
Two earlier entries follow.
Then, from amongst many hundred, thousands, posts I did, I chose one CONCRETE EXAMPLE below, a reproduced 1997 WSJ (before Murdoch purchased it and Mexican kingpin, Citigroup Drug Czar, Salinas, sits on WSJ parent, Dow Jones Board) article WARNING AGAINST TURKEY PRIVATIZATION: