Despite all the austerity moves, the ramping up of tourism to new heights, and the political hocus pocus to stay afloat Greece is still sinking. The damage done by the Goldman Sachs cover of Greece debt, and by the corrupted few, it’s irreversible. Greece is all done unless they call a “do over” on their debt. With the elections on On Jan. 25, if the hard-left Syriza party wins, the world could watch as Greece makes the big headlines. What if “left” means east to Russia?
If the Greeks were playing an economics game on the Microsoft XBox, hitting “restart” would be advisable in their current situation. That is if crazed zombies and impending civil unrest ever matters for gamers with no ammo left, depleted of life force, and laying prostrate on the ragged concrete before 11 million glaring eyes equals “game over.” Dire. That’s Greece’s situation today. If the leadership there can accept my gaming advice though, here’s a simple plan for survival.
Out With the Bad – In With the Good
Back in “the day” cartoons depicted lifeguards viscously pumping bad air and water out of drown victims, and said victims finally sucking “good air” into their lungs. “Out with the bad air, in with the good. Out with the bad air, in with the good,” I can just hear them chanting. So it is easy to apply, some age old wisdom and logic to Greece’s situation too. Now that authorities there have tried everything else, how about trying ANYTHING but going along with the EU and the IMF? How about leaving the euro behind for a radically different strategy? How about aligning with Russia instead? Talk about a “domino effect.”
OUCH! NATO’s, Brussels’, and Washington’s PR and social media monitors just choked on their morning coffee and doughnuts. Sorry to make you spew guys, but here’s the simple double whammy the Greek people could pull to change this whole game we’re seeing play out in between west and east.
Here’s how to play it. The euro is down to $1.20 as of Friday. Vladimir Putin steps in with an up front offer to infuse into the Greece economy the same €32 billion forgave from Cuba last year. Putin and Russia furthermore propose the defunct “South Stream” pipeline be diverted through Turkey and Greece, just as a warm up for Greece leaving the EU and NATO. Oh, and Aeroflot can fly El Cheapo via their new Pobeda airline to and from every Russia city to paradise. Heck, I bet Gazprom would be willing to take a loss on energy for 5 years just to pull this coup off. Now that I have your attention.
From Greece’s standpoint, there’s nothing to lose in pitching a scenario like this as a real course of action. With the BRICs at odds with Brussels and Washington for the most part these days, there’s money out there to cause such a paradigm. And for the Greek people, they’re long overdo for some creative economics. Let’s look at the (oversimplified yes) contingencies, shall we? Greece tells the EU and all those banks for screw off. Then, the ruble being corrupted by western strategist will end up looking like child play.
- The IMF takes a €15 billion euro hit
- The European National Central Banks lose over €13 billion
- Eurobank EFG loses €9 billion
- BNP Paribas loses €5 billion
- Deutsche Bank loses €4.6 billion
- Italy’s Generali Group loses €3 billion plus
- Germany’s Commerz Bank loses almost €3 billion
- France’s Societe Generale loses €2.9 billion
- Other French banks lost upwards of €4 billion
- World governments, the EU, and EU entities lose €108 billion plus
“Out with the bad debt, in with the good; out with the bad debt, in with the good.” Four Frankfurt bankers just slit their wrists. You’re feeling me, aren’t ya? Vladimir Putin has Europe by the proverbial short hairs, Washington is fumbling and tripping right along assisting, in what could be the biggest coup since 1917. If Greece is threatening to go “left” politically in the next few days, Russia’s Putin could turn the political compass upside down hitting a few levers. What’s amazing to me is why he hasn’t already.
Dasvidanya NATO 6 the EU
Greece, if they play their cards right right now, they could get the biggest forgiveness bonus every achieved by any nation. If I were Greece, I’d leverage €360 billion and assurances out of Washington and the EU, or say; “dasvidanya comrades.” (До Свидания)
To sum up here, it’s now crystal clear the Washington and London leadership have no intention of backing up Europe. All the profiteers in America and Britain have in their sights are more disadvantageous milking maneuvers to take advantage of the market. Make no mistake, this is the only love any administration over the waves has for Europeans. Using Paris, Madrid, Berlin, and Rome, this is what the western bankers do. Period. What Greece should do is opt out for the best deal possible.
What’s a secure NATO and EU worth? What’s the emergence of Putin’s Eurasian Economic Union worth to Russia, China, India, and the others? What if Putin raises gas prices, while at the same time offering a form of bailout to Greece? Greece, the EU, everyone concerned needs to face facts. First, those banks are never going to get that money back. Second, the euro is going to fail, and there’s nothing anyone can do to save it now. Finally, this is Greece’s one shot at leveraging on disaster. If the country does not pit Russia against the Europe banks now, they’ve missed the best chance they’ll ever have. I’d say it’s a 60/40 chance Alexis Tsipras sides with Putin and Russia from the get go if he’s Greece’s PM next month. He’s already condemned the EU’s handling of the Ukraine situation on a trip to Moscow.
As it is, I’m happy I’ve launched the New Year making some high profile bean counters uncomfortable. I hope my friends in Greece get their country back, and re-emerge as the great nation they once were. I say; “Putin to the rescue!” What say ye Mr. Tsipras?