So, by now, for those of us who are watching, we all know Greece failed to make its IMF payments. No, no. This doesn’t mean Greece will suddenly exit the Eurozone, but, they’re getting very, very close. The big deadline is later next month when Greece is due to pay the ECB back some money. If they fail to pay back the ECB without another agreement …. then, that’s the end.
But, let me state this clearly. A Greek exit from the Eurozone would be the best thing for the Greeks. The should also exit the EU, but, I doubt that they would.
An exit from the Eurozone would ensure that Greece would have to face reality. It is only by facing reality that the Greeks could then end the madness which has plagued them over the last several years. There is no such thing as a magical money tree. Sure, you can print all the money you want, but, if there’s no value in the money you’ve printed, then, you’ve wasted value on printing the money.
You see, Greece doesn’t have to have a sugar daddy. They can actually run their country without begging other countries and entities to support them. It’s just been so long since they actually had to pay as they went, they forgot how. I can assure them, they will figure it out, as soon as they have to.
It must be a hell of thing for a nation to wake up and realize that all that they’ve done in the past ….. they’ve spent it. All that they’re doing right now …. they’ve already spent it. Indeed, for Greece, some of them are now realizing all that they will do for the rest of their lives ….. they’ve already spent it.
But, it isn’t what you do, so much as it is what you leave behind. Here is an opportunity for Greece to, once again, stand up on their own feet. You don’t have to borrow from the future to exist today. All one has to do is to provide enough value today, for the stuff you are consuming today. It’s better to make just a little more value than what you consume.
Yes, Greece may have to, temporarily, take a slight step backwards in their current standard of living. But, the emancipating knowledge that they could be no longer beholding to anyone other than Greeks would be worth it. And, with the liberty of no longer being beholding to other nations and entities, the freedom would allow Greece to produce yet even more value.
But, that will never happen. What do the people running Eurozone hate and fear the most? A state which can and does for itself. Why, if Greece can do it, what then would the people of Spain think? Of Italy? Of Germany?
And, if a common currency can’t hold, then, what of the EU?
Without a common currency, there is no bond as a nation. It can’t, it doesn’t work that way. A common currency, the Euro, is a natural progression from a common European government. If it cannot progress to a common currency, then, the European state will fail. This is because government policies directly effect the value of currency. Banking laws, bonds, wealth extraction from the land …. all of this goes to the value of a nation’s currency.
A Grexit could very well be a boon to humanity!