The Debt Endgame: Gamed To The Nth Degree

“We live in imaginary, virtual worlds created by corporations that profit from our deception.”  – Chris Hedges

The new Greek government superficially gives the appearance of coming out with both guns blazing. In quick succession they told the EU to just keep the next round of $8 billion of new onerous debt. They are pressing for debt forgiveness of about 50% in line with what post-war Germany was given in 1953. They gave strong hints that they would veto Russian sanctions.

How much traction these new leaders get with this is the question. The policy may be right for Greece, but the cabalists don’t play by those rules and they are gunning for fire sale privatizations.

Trying to Out Guess the Evil Cabalists

I wonder if the cabalists are dusting off the compromised dossiers on these Greek politicians. Afterwards as these are presented, as part of the discussion, it is often amazing how quickly the tune changes.

And if boy scouts are involved (not likely, see below) against these satanists it is best to avoid high places and dark alleys. The resistance shelf time may be short.

And now sure enough, the razzle dazzle emerges: the Greek leaders propose a “menu of debt swaps” to ease the burden, including two types of new bonds. That is short hand for Ponzi units with something to be looted in the process. The tweet shows what we are dealing with, a master of saying nothing with euphemisms.

Background on Yanis, the new Greek finance minister, a Marxist and big proponent of prisoner’s dilemma game theory. He looks too high testosterone to be a boy scout. Has he factored that in?

Meanwhile the markets acted surprised by the Greek’s posture. Greece’s banks have lost almost 40% of their value in the three days since Syriza ascended to power in Sunday’s election.

The short Euro trade is overcrowded in the extreme. Why do I get this sneaking suspicion that this is another gamed muppet trap of some sort?

Euro positioning

Disclosure: None.

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