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Seeing correctly and that view’s danger

The title makes no sense to some, if you see something correctly, why is there danger? You see at present we have what some call a fluidic situation in regards to Iran, Israel, Russia, Saudi Arabia and Turkey. They are all connected and as such, certain parts I stated yesterday have been proven correctly. Now, the longer game cannot be predicted, because when they are moves and countermoves in a setting that changes, we cannot always predict certain moves, they are based on intelligence out there and internal intelligence available. For example, in the gaming industry, we see ‘leaked’ information from both Microsoft and Nintendo, yet is it actually leaked as we see it, or did their marketing/corporate department leak information to get the feelers out, to test the audience, in the month preceding the biggest gaming event of the year in the world, it does matter, there are 200 million gamers up for grab and Microsoft felt directly how negative that can get in 2013; what it feels like to piss all them gamers off; it took 3 years to stop the damage, now consider that this is not a video game, but a political arena where it is about billions, about lives and about setting the world stage, the stakes get to be higher. So as I said “the connection between Ayatollah Ali Khamenei and the Iranian military is closer and stronger than either of them ever had for President Rouhani, that is the setting and even as both ‘tolerated’ the elected president, they have been ready to go it alone” (on May 7th in ‘Stopping Slumber, Halting Hesitation‘). Reuters gave less than a day ago (at https://www.reuters.com/article/us-iran-nuclear-rouhani/irans-rouhani-seen-as-lame-duck-after-trump-ditches-deal-idUSKBN1IA287), where we see ““Khamenei prefers a weak president. Rouhani will serve his term, but as a lame duck,” the diplomat said“, so not only am I correct, the dangers of a hardliner replacement like Mahmoud Ahmadinejad is not just likely, it is now almost a given that whoever comes next is not a puppet, it is a person completely in line with the hard-line position of Ali Khamenei. Now we don’t get to have a ballgame, now we have a hard-line setting that will impact the entire Middle East. Reuters got this from ‘an Iranian diplomat, who declined to be named‘, just like Nintendo and Microsoft, Iran is now testing the waters on who stands where. Iran’s larger issue is not on how it attacks Saudi Arabia, it is on how the others react and at present it seems like there will be forceful defence of Saudi Arabia and Israel, their position and what they feel is justified. The US and Europe are in their corners. That is the issue Iran is dealing with, because there is a clear support against Iran, whilst at the same time we see ‘Putin Is Giving Israel a Free Hand against Iran in Syria. But He May Soon Have to Pick a Side‘ (source: Haaretz), as well as ‘Russia seeks to take mediator role between Israel and Iran‘ (at http://www.arabnews.com/node/1300286/world), this is more important; as we see “Russian Foreign Minister Sergei Lavrov said on Thursday that “all issues should be solved through dialogue.”“. There is the crux of the matter where we see that Russia will most certainly not back Iran, but will at times come to their supportive aid (at a price of course), especially when they can have a go at the USA. That last part is speculative from my side, but we have seen enough evidence over the last year to see that be a partial gospel truth, or we could water it down with: ‘it is the crutch of the matter as Israel ends up having Iran by the balls at present

Even as we accept “Russia has become a major player in the Middle East since intervening in the Syrian war on the side of the Damascus regime in September 2015. Analysts also highlight its role as mediator in other conflicts in the area“, as a lot of it is true, depending on the coloured lenses you wear in your glasses, but the foundation has a setting. In this Russian analyst Fyodor Lukyanov is correct. Alexander Krylov, a foreign policy expert at the Moscow State Institute of International Relations gives us “The role of Russia as a mediator is strongly appreciated in the region. This role will be reinforced if the crisis between Israel and Iran worsens,” that too is true, because bluntly stated at present America has no real credibility left outside of the actual support given to Saudi Arabia and Israel. The Middle East is a lot larger than merely Saudi Arabia, even as they are not seen as large players, the still pack a punch and as such the UAE and Qatar will have a voice. The setting at present does not give the UAE a pro Saudi view (speculative) but in equal measure they will not side with Iran as I see it, not on this scale. Even as there is a link between Qatar and Iran, it will not hold, when hostilities grow, Qatar will isolate themselves away from both parties because the largest fear for Qatar is that they become the beachhead for Iran or the entrenchment for Saudi Arabia. When either of the two happens, do you think that after that Doha will look like this?

Just google: ‘Images of Ghouta‘, that is how Doha ends up looking like with a FIFA event merely 3 years away, so that would be instantly cancelled at that point, oh,. FIFA is already on that, not merely because it is Qatar, the anti-Qatar slurs of the media has been long and lasting, a (let’s just be blunt) fucked up situation caused by stupid greedy people who have been taking the longest gravy train ride. When we are all treated to “The British press continues to be hostile towards Qatar because the tournament will be held during winter, to avoid the searing heat in the Gulf“, because they want a 100% exploitative coverage, and Qatar with its weather got in the way of that and large sponsoring corporations like Coca Cola and every other FIFA sponsor now get a 40% reduced bang for their exploitative buck, now they are suddenly willing to go all out, and it links to all this, it matters!

In that setting we are treated to half-truths, especially by the media who willingly looked the other way on all allegations regarding Sepp Blatter, or is that ‘step bladder’ as he was pissing all over everyone for the longest time? When was the last time when you looked at all the work from BBC reporter Andrew Jennings? He was ignored and partially shunned as I see it, and as we saw the escalations regarding all this with “In 2012 the Sunday Times revelations sparked a genuinely independent inquiry by a former US attorney general, Michael Garcia. This report was delivered to Blatter, but he has refused to publish it in full“, the full report was never shown (at that time), merely an example of evidence on how large corporation are in charge and the law is just a nasty side effect that can be ignored when certain people call the shots. So when we see ESPN give us “While the mystery of what details are contained in the full 430-page dossier has been revealed, it does not contain any additional proof of major acts of corruption. However, Garcia said some bidders tested rules of conduct to the limit“, that is ESPN, a sports channel, not the Times, the Guardian or any other newspaper that should have taken it to the front page. The article started with “FIFA released the full contents of the Garcia report that examined alleged corruption in 2018 and 2022 World Cup bidding on Tuesday, one day after it was leaked to German newspaper Bild“, so there is clarity, FIFA only released it when they learned someone else had it already. That is the game played by the press who are ALL afraid for another Leveson inquiry for them to be held to account. In this we see people like James Quincey (CEO of Coca Cola) get to tell the media and others what to do, we see that politicians are no longer in charge, they are merely caretakers, janitors of the high and mighty and the press remains around as mere facilitators of the lot. In this there is another matter that I can feel happy about to message towards Martin Ivens, editor of The Sunday Times to get the fuck out of his office and never return to media (period)! Remember the claim of “obtained millions of secret documents – emails, letters and bank transfers – which it alleges are proof that the disgraced Qatari football official Mohamed Bin Hammam made payments totalling US$5m (£3m) to football officials in return for their support for the Qatar bid“. In all this he is allowed one defence, by publishing all the evidence he claimed to have had. But that will not happen will it?

How is this related?

The entire setting of the Middle East is set for our eyes in misrepresentation by newspapers all over the world. They tell the stories that they are told to tell. I call it at times, writing with blinders, like a horse so they do not get scared by all the events around them. it is one thing to not inform us of everything, another to give us a pack of lies, to stack the deck against us and in all this the media is still at it, facilitating for all the Satya Narayana Nadella’s and James Quincey’s in the world, they are not alone and there are a few. In this these two named people are not evil; they are merely representing the best interest of their shareholders, which is their function is it not?

That is what is in play, Qatar will soon be optionally in the thick of it and their only safe move is not to play the game, to isolate them from their opposition (Saudi Arabia) and their non-friend Iran, they basically have no moves available and that is fine, but we need to make sure that the people realise and understand that no matter how they got to a certain stage, they need to remove themselves from the game, no longer be the pawn in this, the Iranian setting has shown to be adversarial and committed to a long term game to become an active enemy, delusional imagining themselves as conqueror of Saudi Arabia and the exterminator of the state of Israel, but not at the same time, that was never going to work, this is why it is my personal view on the matter that Iran resorted to ‘puppets’. Turkey and Hezbollah are the main ones, they were trying to be as thick as thieves with Russia, but they are no fools and they took the middle path at the earliest setting of them getting into warmer waters. Now the other players see certain matters evolve and whilst Mossad was kind enough to give the people something to read about, it was not enough, yet when we aggregate 15 months of news cycles, we see a path that shows a long term commitment of Iran taking a different path, the path I feared when people were trying to get cosy to President Rouhani to alleviate Middle Eastern tensions (in perfectly valid ways), the truth (as I personally see it) was that Iran had no one to replace Mahmoud Ahmadinejad, a committed hardliner, a politician that does the bidding of Ayatollah Ali Khamenei and Major general Mohammad Bagheri. They needed one that accepted both and I expect that one is in the works, but President Rouhani (the lame duck as voiced by one Iranian diplomat) is not that person and the other two are too powerful for President Rouhani, there will be no moderation in Iran. They are set to destroy their opponents no matter what, their one view is the only one that counts and as such, we might prefer to not be part of it at all, especially as non-Muslims, but they have given us no option, none that are diplomatic that is, we have to side with Saudi Arabia in that setting. Qatar is standing in a shallow spot with too many requiring water, and as solutions dry up, there is every option that Saudi diplomats, together with the GIP (Ri’āsat Al-Istikhbārāt Al-‘Āmah) can change that setting. I personally believe that Iran overplayed its hand a little too soon; perhaps they thought that the timing was right? It remains speculative yet the setting is now that the Iranian Qatar links can be (permanently) broken, in addition to all that the setting offers an option to ‘rekindle’ certain connections with the UAE which now puts the entire Yemen/Houthi situation in play where with the removal of Iran things could be resolved and actual humanitarian aid could commence, which would be a relief for millions of people all over the world. In both matters Iran ends up holding the wrong cards and an additional crack in the Iran/Hezbollah veneer could be created, in this setting, no one will care about the survival of the terrorist organisation Hezbollah and their only path is to hide in the deepest hole, hoping that some of them might survive at best.

I am certain that the matters are seen correctly, we are in an almost hostile setting where we limited options by misrepresenting nations and their views for the need of corporate greed (Qatar), we have been facilitating through all kinds of means to get a fictive deal in place, one that is shown more and more to never have been realistic (Iran), we have alienated other nations by demanding that they adjust to our way of thinking (Saudi Arabia) and in all this we went out of our ways to not hold others accountable because of other needs that the EU had for their personal little deals (Turkey), it is in all this that we should be creating a solution path, yet some have limited moves through previous acts and now that there is a time limit in place to prevent serious escalations, we suddenly see that we are in a place where Russia of all players ends up being the best placed for mediation in this, which will of course delay the second cold war for a fair bit, so we have that to look forward to as well.

In all this we see another reflective part towards this situation and the entire unacceptable mess within FIFA. With ‘Swiss prosecutor appeals for cooperation on FIFA case file‘, we see: “Switzerland’s attorney general has a message for his foreign counterparts as his office pores over reams of seized documents and dozens of criminal cases linked to FIFA: “Come to us.” Michael Lauber said Friday the investigations require both quick action and patience, and noted “good developments” like how growing cooperation has led to 45 requests for legal assistance from Switzerland with regard to soccer“, as well as “One of the complexities, Lauber said, is that Swiss law has no clause for cases of private corruption, meaning that his team has to find creative ways of going after suspected wrongdoing at times — as with the disloyal management allegations against Blatter“. This is interesting as most of the media left us in the dark, but moreover, we see that this was given to us on April 20th 2018. The question becomes regarding FIFA, what other options were never looked at or actively engaged in, and if this escalates and explodes, do we have any recourse left?

Are we in a place where corporate corruption in facilitating towards media and big business in all this is tolerated, what is left for us? If the sports can no longer be trusted, can we merely claw back to the old days that there are no licenses and sports can be freely covered by any media, remove all exclusivity whilst banning advertisements on EVERY sport event. So how many heart attacks could I cause in these higher corporate echelons by demanding this move to be made by the UN on a global scale?  #IDoHaveASenseOfHumour

When you see the media outrage on freedom of the press and the right to know, should that not include coverage of events? In that regard, when the media screams at that point, who will they be representing, the shareholders, the stakeholders, the advertisers or those watching the event, the actual audience? Now take that view towards the Middle East and the escalations and limitations we see, and especially the innuendo not backed by facts or evidence. The Middle East situation is indeed more complex, yet in part we made it that way, so when we see Amnesty International (at https://www.amnesty.org/en/latest/campaigns/2017/02/free-turkey-media/) with ‘Turkey: Journalism Is Not A Crime‘, and we realise the quote “Since the failed coup attempt in July 2016, academics, journalists and writers who criticise the government risk criminal investigation and prosecution, intimidation, harassment and censorship. Coupled with the closure of at least 180 media outlets by executive decree under the state of emergency, the message – and the resulting effect on press freedom – is clear and disturbing. The severity of the Turkish government’s repression of the media is such that it has been described by some as the “death of journalism”“, so when we see this and also realise that this is not the leading story in EVERY newspaper in the free world, why is that? Now consider last January we got: “Turkish President Recep Tayyip Erdogan was in Paris for talks with Macron, part of efforts to improve his government’s strained relationship with Europe. Macron confirmed that Turkey’s wait for EU membership was far from over and suggested a partnership instead in the meantime“, the use of ‘meantime‘, an implied setting of facilitation and the fact that Europe is bending over backwards allowing Turkey to get the sweet spots and not being held accountable for not one, but optionally two genocides (Armenia and Kurds). Can anyone explain where the press is in all this, because it remained ambiguous for the longest of time!

So in the end, how should we see that endangered view, is it merely projection versus perception? I do not belief that this is the case, but that might be merely my view on the matter.

And he game is not over, the issues we will see next week will be impacting on several issues at present and not only for the nations separately, some of the links will be influenced by several events and high end meetings, so next week I might end up looking entirely wrong, as we see some state it in a certain way, like for example: “it was in everyone’s best interest to make certain changes to the agreement as it was currently set”. That is the mere reality of the matter. Yet they will not change the answer, they will end up changing the question so that it matches the answer, which in the end is not the same.

 

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Dress rehearsal (part 1)

That is the question in my mind, are we in the final preparations of a new theatre play that will change everything? In the Green Room we have the people in preparation of the new mess they are about to bestow on the people of the EEC. A game that changes everything, yet the people behind all of this have a short term solution, because soon they will move out of the seats of power with a golden parachute, a golden umbrella, a golden handshake and a gold watch. They will get the most luxurious life imaginable, only by prolonging the power players. That is the very first thoughts going through my mind when I was looking at the article ‘Greek debt crisis: day of decision for Alexis Tsipras‘ (at http://www.theguardian.com/business/live/2015/jun/30/greek-debt-crisis-day-of-decision-for-tsipras)

When we look at this production in the limelight, we get a few parts, the introduction is all about comedy with the quick comedy play ‘It’s Greece’s problem, says Kremlin‘, yes, as Russia distances himself from that lefty organisation called Syriza that has elements of Marxist–Leninist, Trotskyist and Euro-communist. Must feel really nice for Alexis Tsipras to be the debutante at a Kremlin ball, only to realise he gave away his cherry for naught and got left out in the cold afterwards. Which means that one option he thought he had just left the exit on the left.

The intro act comes from Mariano Rajoy, our Spanish player. The quote ““What would happen if Greece came out of the euro? There would be a negative message that euro membership is reversible,” Rajoy said in a radio interview. “People may think that if one country can leave the euro, others could do so in the future. I think that is the most serious problem that could arise (from a Greek exit).”“, reflects not on Greece, but emphasizes on the danger France is about to pose. The players are comprehending the dangers, the news on Greece is coming from a few direction, but right from the bat, the others are now starting to manage the news any way they can. My reasoning?

Reuters reports: “Greece has not yet made any movement in response to a last-minute bid by creditors to broker a deal to end a deadlock over the Greek debt crisis, the European Commission said on Tuesday. Greek Prime Minister Alexis Tsipras called European Commission President Jean-Claude Juncker on Monday night and Juncker, after speaking to the chair of euro zone finance ministers Jeroen Dijsselbloem, explained what a last-minute deal could look like, Commission spokesman Margaritis Schinas told reporters. “This would require a move from the Greek government which President Juncker asked (for) before midnight last night. As we speak, this move has not yet been received, registered, and time is now narrowing,” Schinas said“.

In addition we see from Reuters:

30-Jun-2015 11:19:20 – EUROPEAN COMMISSION SAYS DOOR OPEN FOR GREEK DEAL, BUT TIME RUNNING OUT QUICKLY
30-Jun-2015 11:20:27 – EUROPEAN COMMISSION SAYS NO MOVE HAS BEEN RECEIVED FROM GREECE
30-Jun-2015 11:21:05 – EUROPEAN COMMISSION SAYS GREEK GOVERMENT WOULD NEED TO ACCEPT PUBLISHED PROPOSAL

In addition we see in the Guardian: “Danuta Huebner, chair of the committee on constitutional affairs at the European Parliament, has tweeted about the legality of Grexit“, she gives the following Tweets “A member state’s exit from #EMU without a parallel withdrawal from the EU, would be legally inconceivable #Greece

The link refers to a PDF (at the end of the article), where we see in the abstract “that a Member State’s exit from EMU, without a parallel withdrawal from the EU, would be legally inconceivable; and that, while perhaps feasible through indirect means, a Member State’s expulsion from the EU or EMU, would be legally next to impossible. This paper concludes with a reminder that while, institutionally, a Member State’s membership of the euro area would not survive the discontinuation of its membership of the EU, the same need not be true of the former Member State’s use of the euro

So, if the abstract holds any level of water, have we, the audience been played? Are we the people now being misdirected by missing legislation because politicians could not do their job properly? That is the question, because one EU paper, does not policy make. The introduction gives us “Until recently, to talk of ‘secession’ from the European Union (EU) would have been next to absurd“, really? Did you policy makers remember a man named Adolf Hitler in one corner and Arthur Neville Chamberlain with the Munich agreement in the other corner?

A paper linked to all this by Karolina Boronska-Hryniewiecka called ‘The Risky Game of EMU Withdrawal‘, which is implied to come from the Polish institute of international affairs gives us: “The EC’s statement about the legal “impossibility” of EMU withdrawal stems from the fact that no European treaty has included a provision for how a Member State could leave the single currency area. While Art. 50 of the Lisbon Treaty provides that any Member State may withdraw from the EU on the basis of a negotiated agreement with the EU institutions, it does not mention anything about the possibility of exiting EMU itself. At the same time, Art. 140 Treaty on the Functioning of the European Union (TFEU) provides that the rate at which the former national currencies are substituted by the “euro” for EMU members has been “irrevocably” fixed. What also follows from the EU treaties is that while membership is voluntary, participation in the EMU, apart from certain exceptions, is a legal, if eventual obligation of every EU Member State.

The links come from Danuta Hübner, Chair of the Committee on Constitutional Affairs, European Parliament. So why did no one properly look into this, or even report on this? I personally expected that the European members of constitutional affairs had their affairs in order, which means that if one local yokel (Alexis Tsipras) cannot get his act in order, there are decent steps that can be taken to either get that person in line, or expel his nation. Now we seem to get introduced that expulsion is not really an option. So in all the theatre plays we watched, it seems that the part, ‘expulsion is impossible‘ was never ever mentioned, was it?

And in addition we get “Reports are mounting that the Greek prime minister has not only accepted a deal but will travel to Brussels, possibly as early as this evening, to discuss it with senior EU officials. The deal, based on reforms proposed by EU commission president Jean-Claude Juncker late last night, is believed to have been rubber stamped at a meeting of senior government official held at the prime minister’s office, the Megaron Maximou, this morning. The German daily, Bild, is also backing up the reports, saying Tsipras has had contact with high ranking EU officials whom he will meet imminently. “The prime minister’s plane is at the ready,” the paper said.

This all comes from Helena Smith from the Guardian reporting. So, I feel comfortable trusting the source here. So now we have ourselves a fifth act. You see, in my view this is all about opening 7.2 billion if the 1.6 billion get paid. It must be really comfortable for any banker to underwrite a 7 days loan, with a nice percentage knowing that this payment is the first payment out of 7.2 billion. At 1% that banker ends up with a 16 million euro bonus, that is, if it is only one percent.

Yet, is it not me? Am I trivialising things, perhaps even over-dramatizing it?

Consider the next news “Here’s Bloomberg on Schaeuble’s comments: German Finance Minister Wolfgang Schaeuble told lawmakers in Berlin that Greece would stay in the euro for the time being if Greek voters reject austerity in a referendum scheduled this week, according to three people present. Schaeuble also said the European Central Bank would do what’s needed to protect the euro if Greeks voted against the bailout terms in the July 5 referendum, according to the people, all of whom participated in the closed-door meeting on Tuesday. They asked not to be identified, citing the private nature of the discussion. The German Finance Ministry declined to comment.

Now we have a ballgame. There is also an issue, why do they need to be ‘not identified’? It seems to me that the European Central Bank would need to do what’s needed to protect the euro. Yet, in light of what made the news from Danuta Huebner, chair of the committee on constitutional affairs at the European Parliament, we now need to consider what options are there?

These are important questions to keep in mind. Consider all the news I have brought in the last 6 months through my blog. This is now ‘set’ in the limelight with the Guardian article ‘Alexis Tsipras: Mr Reasonable seizes the initiative from Project Fear’ (at http://www.theguardian.com/business/2015/jun/30/alexis-tsipras-greece-deal-vote-referendum), how misguided is that title? The quote “Faced with Project Fear, Tsipras wants to be seen as Mr Reasonable“, is as misguided as it can. They have not just changed the game, they have left, what should be regarded as criminal activities open to reactivation. (I will get to that part in part 2).

First two quotes “It little mattered that the new blueprint from Athens had a shelf life of only a couple of hours before Angela Merkel said there could be no fresh negotiations until after Greece’s referendum on Sunday” and “Somehow or other, Greece’s debt burden will be reduced. It can happen through a deal in which Athens gets debt relief for economic reform. Or it can came through a default that would swiftly follow Greek exit from the single currency. Everybody knows this, and it is bizarre that an explicit proposal for debt relief was not formally made to Tsipras in last week’s talks

You see, the game is changing, yet some elements have been ignored and some were never given clarity. So as Greece wants another extension 2 minutes before midnight, as they want another bailout of 30 billion with better terms, the game is now taking another term, one that the people behind the screens cannot contain, in the end, they are cutting their own veins even deeper than Greece ever did, but let me back that up with some facts, because without facts, this all becomes a rant (which anyone can get whilst reading the Telegraph, or an equally disastrous form of news coverage).

The quote “Juncker earlier told Tsipras that a last-minute deal was still possible if Athens agreed to sign up to the creditors’ proposals presented last Friday. He also dangled the prospects of debt relief for Greece and a €35bn “new start for jobs and growth” programme” from the Guardian (at http://www.theguardian.com/world/2015/jun/30/greece-brink-financial-collapse-imf-deadline-hours-away) gives us the salutation I made on May 6th (at https://lawlordtobe.com/2015/05/06/whats-the-matter), where I stated “when the voters learn that Greece is about to desire up to 30 billion before the end of the year, so that it can pay the outstanding bills“, so not only was I right all along, it is possible that the Greeks delayed because of the fear what it would do to the UKIP numbers and subsequently a first serious move away from the EU. Now, not only is Juncker offering 5 billion in addition, it comes with very little extra hardship for the Greeks, especially the previous Greek politicians.

Yet, now, as I mentioned, the game changes. With the migrant issues in Calais, Marine Le Pen is about to take control of another piece of France, which will soon prove to be really bad news for President Hollande. In addition, the quote “In January she asked French President Francois Hollande to suspend the visa-free Schengen Area in Europe and strip dual nationals of their French citizenship if they carry out “barbaric crimes”“, give us an additional change. It is not a given that the changes to Schengen will happen, but if it does, it is clearly in addition a preparation to move France away from the EU. Her statement a week ago clearly indicates the change she wants to impose.

In all this, Greece now stands alone, because the drive on the shores of Brexit and Frexit are now clearly stated in the news, stated by these politicians, which in case of Marine Le Pen is not a good thing for Europe, because unless her demands are met, she will call for an exit from the EEC, not just the Euro, which changes the game by a massive margin. So when I see the quote “but what Tsipras has done is seize the initiative“, it must be stated that it is an incomplete view, because the response from both the UK and France is about to give the world of finance a massive headache, one that will continue for the next 20 months, especially as Marine Le Pen ends up as the next possible leader of France, for which she is currently in the lead, ahead of Sarkozy and Hollande. The laughing whisper two years ago, is now a realistic threat, interesting how so many journalists missed this escalation.

There are more signals, all indicative of one more act on the floors of the theatre.

And the act starts with a gloomy theatre, men and women in black, handing a folder, from person to person, they all look at it for a few seconds and give it to the next person. This goes on and on. Yes, we get to the article ‘IMF: austerity measures would still leave Greece with unsustainable debt‘ (at http://www.theguardian.com/business/2015/jun/30/greek-debt-troika-analysis-says-significant-concessions-still-needed). The story already starts with questionable statements “Greece would face an unsustainable level of debt by 2030 even if it signs up to the full package of tax and spending reforms demanded of it, according to unpublished documents compiled by its three main creditors“, the reason that I call it questionable, is because Greece is what I call a 3G nation, which means it will take three generations for this debt to become close to manageable. So, with that I imply that the debt is still a massive form of pressure in 2061, there is no escaping it. Even with reforms Greece is no longer able to meet the interest payments and the payments after the payment reduction, unless it makes MASSIVE changes to its laws and its social system. This includes holding politicians accountable for overspending, making them prosecutable for criminal negligence if they cannot meet the budget. It is close to the only change that will start stopping the madness. In addition, tax laws need a massive overhaul, one that should be part of the IMF demand before Greece gets one additional eurocent.

By the way, Greece is not alone, Spain, France and Italy are all 3G nations at present. The UK is not that deep yet, but it will take a generation of hardship to get the debt under control.

That (secret) document also states “that under the baseline scenario “significant concessions” are necessary to improve Greece’s chances of ridding itself permanently of its debt financing woes”, is that even a surprise? I figured that out over a year ago, doing the math of my fingers, an Abacus was not required, this is exactly why I opposed Greece to be allowed back on the market selling another 5 billion in bonds. But the power players wanted their commission and as I see it a 100 million euro bonus is just too good to pass up.

So here in short is part one of this story. Certain elements are in play and have been in play for some time. Greece has done next to nothing to clean up its act, its laws and its massive shortcomings. As we see again the voices of many shouting against Austerity, we have to wonder whether people even realise what they are shouting against. You see, austerity is merely keeping a budget, for close to two decades governments have overspend every year, this is how Greece got into this mess, it had spent money that it never had. It is not alone in this pretty much every EEC nation is guilty of this and whilst some are still afloat, Greece is the first one who cannot even commit to the due interest bill, that is at the foundation of this debacle. So austerity is not a punishment, it is not a right, it is a mere responsibility and it has been forfeited by nearly every EEC nation for much too long.

I will give more answers in part 2 of this article, hopefully the day after tomorrow.

Withdrawal and expulsion from the EU and EMU

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