Did the Cold War Ever End?
Sitting here and watching the value of some of my investments plummet I still won't be joining the "bank run" that's been manipulated by EU right wing leaders over Greece right now. Despite what the propaganda is suggesting, I feel that Τσίπρας has the correct attitude for creating long term stability for the politics of the country providing the people continue to stand by him with his unorthodox attitude towards the system.
The media tells us that he will be the first leader to default on the IMF loan; what this same media leaves out is that he's also been the first leader to be held to ransom quite so strictly over an IMF loan.
It smells like a case of 'we don't like his approach and so don't want him in our club anymore'.
Internationally €1.6 billion is actually a very small sum; far less than the €19 billion we were happy to give as bonuses to our bankers the year that we had the financial crisis. The way I see it (or perhaps hope it) is that Russia will bail them out even if Europe doesn't and I don't expect Europe ever actually will 'without a catch'. This whole facade is being propped up over Germany and Russia's dispute over Ukraine (and conveniently, the major gas line that runs through it which is worth substantially more than €1.6 billion). The financial damage to upset and disheartened Europeans is also retrospectively insignificant. (*)
Critically thinking, my opinion is that Greece is being used as a pawn in detracting from the physical war going on in the Ukraine (more precisely Crimea) because if Europe manages to pressurise Russia over Greece then they will have less money or resources to install greater military presence in Southern Ukraine. This dispute is a Euro-American ransom which has been created by installing a fascist government in the Ukraine (*) after a coup and it was most likely started because a large portion of the European economy is held up by German loans.
Despite a referendum in Crimea showing that 97% of citizens there would like to 'return to Russia', both EU media and political leaders insist that it would be a disaster for that to happen and would not allow democracy to flourish. Read that last sentence again if you didn't notice any irony.
My evaluation is that Greece is going to be safe one way or the other (not to say their will be no initial teething problems) and that the strongest economy will save them. The most likely problem of Crimea, well... as to if any leader gets the region through it's troubles and leads the people on to a better tomorrow is still to be decided and very much depends on where you sit when offering your definition of 'democracy'.
From a financial perspective, I feel there is more to prosper than to fear. As a citizen and supporter of Europe (despite it's current sportsmanship), I hope that these actions do what they are supposed and massively help to improve the lives and stability of all Europeans (rather than just create a lot more very angry Russians).
The markets I'm watching more than any just in case I need to change my decision and run for the bank are mostly Ruble to Dollar as I think this will be more suggestive over what's really going on behind the illusion.
RUB - USD
Also, if you still strongly believe that anyone with Greek investments should run to the bank, let us know now. The IMF has given Greece until midnight CET this evening to find a solution.
The media tells us that he will be the first leader to default on the IMF loan; what this same media leaves out is that he's also been the first leader to be held to ransom quite so strictly over an IMF loan.
It smells like a case of 'we don't like his approach and so don't want him in our club anymore'.
Internationally €1.6 billion is actually a very small sum; far less than the €19 billion we were happy to give as bonuses to our bankers the year that we had the financial crisis. The way I see it (or perhaps hope it) is that Russia will bail them out even if Europe doesn't and I don't expect Europe ever actually will 'without a catch'. This whole facade is being propped up over Germany and Russia's dispute over Ukraine (and conveniently, the major gas line that runs through it which is worth substantially more than €1.6 billion). The financial damage to upset and disheartened Europeans is also retrospectively insignificant. (*)
Critically thinking, my opinion is that Greece is being used as a pawn in detracting from the physical war going on in the Ukraine (more precisely Crimea) because if Europe manages to pressurise Russia over Greece then they will have less money or resources to install greater military presence in Southern Ukraine. This dispute is a Euro-American ransom which has been created by installing a fascist government in the Ukraine (*) after a coup and it was most likely started because a large portion of the European economy is held up by German loans.
Despite a referendum in Crimea showing that 97% of citizens there would like to 'return to Russia', both EU media and political leaders insist that it would be a disaster for that to happen and would not allow democracy to flourish. Read that last sentence again if you didn't notice any irony.
My evaluation is that Greece is going to be safe one way or the other (not to say their will be no initial teething problems) and that the strongest economy will save them. The most likely problem of Crimea, well... as to if any leader gets the region through it's troubles and leads the people on to a better tomorrow is still to be decided and very much depends on where you sit when offering your definition of 'democracy'.
The markets I'm watching more than any just in case I need to change my decision and run for the bank are mostly Ruble to Dollar as I think this will be more suggestive over what's really going on behind the illusion.
RUB - USD
Also, if you still strongly believe that anyone with Greek investments should run to the bank, let us know now. The IMF has given Greece until midnight CET this evening to find a solution.
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