Greece Exposes The Global Economy’s Achilles Heel !

• Greece Exposes The Global Economy’s Achilles Heel! 
  by Chris Martenson, http://www.peakprosperity.com/ 
  Countries that can’t repay their debts — won’t
  The new Greek political party, known as Syriza, the Coalition of the Radical Left, has done the unthinkable: they’ve dared to speak the truth.
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  In this case, the truth is perfectly captured by the blunt assessment by the new Greek finance minister, Yanis Varoufakis, who recently declared “I’m the finance minister of a bankrupt country.”
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  Such honest assessments are not supposed to be uttered in politics, no matter how true they may be. And so, as you can imagine, the machinery of the defenders of the status quo is in quite a lather over the whole affair. And it’s doing everything it can to minimize and marginalize the new Greek government.
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  One editorial in the Financial Times summed up the establishment view quite well, I thought, putting its contempt for those who dare to simply state what is true right on the table:
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  Athens plots a daring escape from the troika
  Feb 2, 2015
  Syriza is as radical as any party to take power within the eurozone. Hardly any of Greece’s new cabinet have experience of government; predictably, its first week was studded with chaotic interventions, including a clumsy blunder into EU-Russian relations. Syriza’s rhetoric is still more suited to a university seminar than a serious programme of government.
  (Source)
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  To summarize, the European establishment considers Syriza to consist of radicals with no experience in government who are acting chaotically as they blunder about brandishing immature rhetoric more suited to young students than the serious business of governing.
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  And that was just the opening paragraph. 
  As I said, the new Greece administration has got the powers that be in quite a lather. Why is that?
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  I think it’s because the new Greek rulers have dared to call a spade a spade. They’ve spoken the unspeakable. They’ve said that the vast quantities of debt accumulated by Greece, enabled by central bank money-printing programs, are simply unpayable under current terms.
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  Of course, this is no different than the situations of Italy, Portugal, Ireland, Spain, the UK, France, Japan — or even the US — which is precisely why it’s being considered such a horrendous foul for Greece to publicly speak as it is now. Such honesty does not have a welcome place in modern politics, and more dangerously, it threatens confidence in the entire system.
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  read more!

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