I did come across this interesting article that comes from the Economic Collapse website, at www.theeconomiccollapseblog.com, entitled: "A Warning Sign For The World", which gives an excellent assessment of the situation in Greece with the passage of criminal austerity measures. I do have that entire Economic Collapse article right here for everyone to view for themselves, and I do have my own comments to follow:
A Warning Sign For The World
By many indicators, Greece is devolving into something unprecedented in modern Western experience. A quarter of all Greek companies have gone out of business since 2009, and half of all small businesses in the country say they are unable to meet payroll. The suicide rate increased by 40 percent in the first half of 2011. A barter economy has sprung up, as people try to work around a broken financial system. Nearly half the population under 25 is unemployed. Last September, organizers of a government-sponsored seminar on emigrating to Australia, an event that drew 42 people a year earlier, were overwhelmed when 12,000 people signed up. Greek bankers told me that people had taken about one-third of their money out of their accounts; many, it seems, were keeping what savings they had under their beds or buried in their backyards. One banker, part of whose job these days is persuading people to keep their money in the bank, said to me, “Who would trust a Greek bank?”
"If I was Greek, I wouldn’t be going for these measures, I’d be going for default and getting it over with. Would you like two to three years of pain or 20?"
But default and "re-drachmatisation" would be a costly and chaotic process. In the long term the euro might be strengthened if some of its weaker members headed for the door. But in the short term banks across the eurozone might have to be closed to prevent a run on the single currency as investors speculated about which country might be next. A new wave of bank nationalisations would be likely to follow as lenders counted their losses on now worthless Greek debt.Capital controls would have to be imposed and borders shut to stop money flooding out of Greece. Portugal, Italy and Spain would come under intense pressure from investors wary about the risk of another victim. Banks everywhere, already reluctant to lend, would cut back hard, nervous about their exposure to the bonds of all Europe's crisis-hit states.
Spain was downgraded to A3 from A1 with a negative outlook, Italy was downgraded to A3 from A2 with a negative outlook and Portugal was downgraded to Ba3 from Ba2 with a negative outlook, Moody’s said. It also reduced the ratings of Slovakia, Slovenia and Malta.
NTS Notes: It is again a fact that when any country adopts the criminal Jewish Usury debt based monetary system, that nation eventually falls into total ruination and also eventually collapses.
What we are now seeing in Greece is just again history repeating itself, and the situation almost guaranteed will be repeated in other European nations such as Spain, Portugal, and Italy very soon, and could eventually spread to the United States itself.
What surprises me about the Greek situation is how the criminals in the Greek government are so willing to enslave their own citizens to horrific Austerity measures, when the Greek citizens themselves are NOT responsible for the criminal actions of the Jewish controlled Greek banks that put the nation on the verge of ruin in the first place! The people are not responsible for the evil actions of these criminals behind the entire banking fraud, and should not have to take the burden of the entire responsibility for bailing them out...
To me, what should have happened in Greece is for the people to say enough is enough, let the banks fail, and tell the IMF to take their "austerity" and shove it up their butts! That is exactly what the proud people of Iceland did just a few years back, and now Iceland itself is prospering without the shackles of any forced austerity... So why not the Greeks?
The situation in Greece is far from over... The Greek people are definitely not going to stand by and allow their country to be destroyed by these criminals, and we may yet see criminal austerity measures fail to be enforced on Greece. We can only hope that happens, which will another black eye for the criminal Rothschild financial empire...
More to come