We all know about the Trojan Horse. A comparison with the Euro might be apt. But, from the perspective of today's invaders, what they're after in Greece is a triple treat.
What the Greek people are confronting is man-made (manufactured) debt. For that matter, it's what the fifty several United States have to deal with on an annual basis, the consequence of a rationed common currency. (No resemblance to common courtesy).
Our fifty state governments have all been sold a bill of goods, designed to reward money hoarders with a triple treat. How it works is that, instead of assuming their fair share of public services by paying a tax, the hoarders get to lend us our dollars back, in the form of bonds. That's the first scoop.
Then come the dividends on those local government bonds, income that's unearned and also untaxed. And finally, a little creative accounting insures that the hoarder's daily needs are expensed and untaxed.
On the other hand, should his enterprise falter, either through bad luck or inattention, the Treasury may well send a subsidy. That would be the sprinkles, I'd guess.
The result? It's the financiers' banana split. What else would you do with a bunch of Banana Republics?
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It came as a revelation when I realized that "political economics" meant that the economy was to be used to control the populace. Today I've found a new phrase, "fiscal governance." It also refers to money being used to rule. This time in the European Union. All this casting about for ways to rein in the beast without appearing to! Will it ever end? Unfortunately, because of how humans respond, those who want to rule have to hurt. That's how power works. So, whether it's called "sequestration" or "austerity," deprivation is inevitable as long as the lust for power is sustained. We forget, at our peril, that equality may be manifest as universal deprivation.