In this video, I talk with author and economic analyst John Sneisen about the newly approved bailouts in Greece as the country sees another uprising.
International lenders in Greece have demanded more bailout funds and reform. Well... sure enough, the Greek Parliament has approved it. This coincides with a massive uprising in the streets by many union protesters who are ironically demanding bigger government despite the problems being created by government and banks in the first place.
Over 6000 people hit the streets in Greece following the announcement. There was a 24 hour strike that ended on Monday.
Greece continues to be subservient to the globalist European Union powers and the problems perpetuate with the same old Hegelian Dialect of problem, reaction, solution, repeat.
Far too many people don't understand what's actually causing the problems in the beautiful, historic country which is further pushing it into ruin. When one form of statism (union member protesters carrying red flags) fight with another form of statism (police officers) you simply see two collectivist forces infighting rather than solving the real problems.
The system NEEDS to collapse. The debt binge needs to end. The system must be rebooted from a free market and free monetary level. Until the people of Greece realize this, we will continue to see their downfall hit headlines.
In this video, we dig deep into the issues facing Greece, look at stats and report on the solutions.
See the FULL video report here:
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I didn't know about this! Thanks for the update!
Have you been to Greece?
I have not seen any news on this in Australia thanks for sharing
Good one, although l have not being in Greece before.
Owed to a Greek earn.
I find debt to GDP ratio misleading you see on 53% it looks half ok, but if you look at tax receipts (which is the governments income not GDP) compared to debt is more than 17x the amount of tax receipts. If they weren’t part of the euro they could have devalued their currency but that wouldn’t go well with German luxury manufacturing. If we were in 17x in debt compared our years income in debt we’d be bankrupt. It’s actually probably more than 17x it was a few years since I looked at the stats at the time the U.S.A was 13x more than its tax receipts.
Thanks josh and Jon for another good post I’ll see you at anarchapulco!
thanks for sharing post