{"id":5782,"date":"2015-02-17T06:15:03","date_gmt":"2015-02-17T11:15:03","guid":{"rendered":"http:\/\/olduvai.ca\/?p=5782"},"modified":"2015-02-17T06:15:03","modified_gmt":"2015-02-17T11:15:03","slug":"memo-to-obama-butt-out-of-the-greek-crisis-youve-dispensed-enough-keynesian-poison-at-home","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=5782","title":{"rendered":"Memo To Obama: Butt Out Of The Greek Crisis\u2014-You\u2019ve Dispensed Enough Keynesian Poison At Home"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"http:\/\/davidstockmanscontracorner.com\/memo-to-obama-butt-out-of-the-greek-crisis-youve-dispensed-enough-keynesian-poison-at-home\/\" target=\"_blank\">Memo To Obama: Butt Out Of The Greek Crisis\u2014-You\u2019ve Dispensed Enough Keynesian Poison At Home<\/a><\/h3>\n<p>At the moment, Europe is struggling to pass an inflamed\u00a0financial gallstone. The sooner that Greece is permitted to escape the debt clogged financial ducts fashioned by its Brussels paymasters, the sooner the entirety of Europe can begin the cure of debt liquidation and return to honest finance.<\/p>\n<p>In their wooden-headed insistence that Greece remains obligated to 100% of its crushing $350 billion debt\u00a0load, the Germans are, ironically, doing the work of the financial gods. By making it literally impossible for the new Greek government to abide by its voter mandate,\u00a0 Berlin is\u00a0paving the way for \u201cgrexit\u201d and is\u00a0thereby setting-up the catalyst for the\u00a0Euro\u2019s demise.\u00a0And with it, of course, the\u00a0obliteration of the EU\u2019s\u00a0rotten regime of bank bailouts, central bank money printing and fiscal policy anesthesia.<\/p>\n<p>Hallelujah! Europe and the world desperately need a big, bloody sovereign default, and there\u00a0is no more worthy case than Greece. As Finance Minister Varoufakis so inconveniently stated last week, Greece is a \u201cbankrupt state\u201d and has been since the crisis first erupted back in 2010.<\/p>\n<p>Accordingly, the Brussels bailout\u00a0transfer of that impaired debt from the banks and investors, which had so richly\u00a0earned the right to experience deep\u00a0losses owing to\u00a0their lack of prudence, to EU taxpayers was a stupendous act of economic and political folly. It paved the way for the very evil that the fiscally resolute Germans profess to fear the most. Namely, central bank financing of state deficits and the unleashing of politicians to thereby ultimately bankrupt it.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Memo To Obama: Butt Out Of The Greek Crisis\u2014-You\u2019ve Dispensed Enough Keynesian Poison At Home At the moment, Europe is struggling to pass an inflamed\u00a0financial gallstone. The sooner that Greece is permitted to escape the debt clogged financial ducts fashioned by its Brussels paymasters, the sooner the entirety of Europe can begin the cure of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[95,2120,279,281,284,359,1167,2598,2921],"class_list":["post-5782","post","type-post","status-publish","format-standard","hentry","category-economics","tag-brussels","tag-david-stockman","tag-eu","tag-europe","tag-european-union","tag-germany","tag-greece","tag-grexit","tag-yanis-varoufakis"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5782","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5782"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5782\/revisions"}],"predecessor-version":[{"id":5783,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/5782\/revisions\/5783"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5782"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5782"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5782"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}