GREEKS HAVE BEEN SERVED A BIG CUP OF ELLINIKOS KAFES FOR THEIR COLD AUSTERITY WINTER AHEAD

Donald Tusk, the European Commission president has served a big cup of Ellinikos Kafes to Greeks (video). While handing them their big mug of Greek coffee to sober up Greeks after years of swilling free-to-them ouzo, Tusk said, "...five days left...the final deadline ends this week."


It has been laughable to read when pitchfork populist bloggers have claimed the Greek Dumb and Dumber, Prime Minister Tsipras and Finance Minster Varoufakis had the upper hand. They never ever had it.

Their stupidest move was to hold that referendum. While ordinary Greeks were misled by Tsipras and Varoufakis to believe they were sending jingle mail to IMF, EFSM and the EU, in fact, they were voting for their own Grecocide.

An especially popular pitchfork populist blogger hailed the referendum as a genius move. He strengthened his silliness with a mantra he has gotten his neophyte readers to parrot — what can't be paid back, won't.

Right from the start, reality has been different — what must be paid back will be paid back. For Greek law givers to remain in the Euro, Greek law givers had to pay their debts.

The winning No-Vote has given the leaders of the Eurogroup the smokescreen they need to squeeze Greeks out of the Euro.

“Party time at the expense of others in Greece has come to an end. Europe and the euro area are surely unprepared to pay for the irresponsible behavior of the new Greek government...You can’t have one country enjoying a feast, overspending and having everyone else pay for it, including our citizens with much lower pensions and wages.” ~ Lithuanian President Dalia Grybauskaite

 “We have a Grexit scenario prepared in detail.” ~ Jean-Claude Juncker, European Commission President

It should have been clear that Greeks needed support from leaders of other small Euro zone economies, the ones who threw off the shackles of the old Soviet system. Yet, it should have been clearer they would never get that support since the peoples of those countries sucked it up for a long time to get themselves in order to be competitive members of the Euro zone and the EU.

Greek law givers caused their own crisis. And Greek law givers couldn't have done so without Greek voters election after election approving of their law givers. Years of borrowing and rolling over debt with new borrowing led Greek law givers beyond the tipping point.

Financially and mathematically, Greeks were in position to pay back enough of their cumulative debt to whittle that debt down to 110% of GDP over ten years. To do so Greek law givers were supposed to declare badly needed so-called structural reforms — cutting spending significantly and by doing, pushing down prices.

In exchange for generous help, Greek law givers had been asked to pay down a mere €6.36 billion a year of debt, which, each year would have been 1.9% of total debt owed and 2.6% of GDP. However, the socialist-communist SYRIZA who came to power as Greek law givers wanted to pay nothing.

Like winter is coming for the fictional world of Game of Thrones, real austerity is coming at last to the Greeks. Whether it's tough austerity through the Euro or extreme austerity through the Drachma, austerity is coming.

The ECB can keep closed their banks forever. So likely, Greeks will be forced into the Drachma. In short, Tsipras (interestingly, Tusk pronounces his name as cheap-ass) and the quitter Varoufakis have misled their Greeks into what will be third world Drachma-austerity.

Right now, Greeks lack the means to pay for oil or natural gas priced on world markets. Greeks lack the means to pay for pharmaceuticals, engineered machinery, engineered materials and of all kinds, cars and trucks, airplanes and well, mostly everything produced by mankind today. Reverting to the Drachma will fail to give Greeks the means.

Winter 2015-2016 is going to be one to be remembered for Greeks. At least they can think fondly upon their no-vote referendum as they burn the last of their furniture to keep warm. They can think of all their Internet supporters in America and elsewhere as the humanitarian aid ship docks in Athens on its way to other third world countries.

In life, for adults who can decide, they don't get what they want always, but always, they get what they deserve.

Kalí týchi!

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SYRIZA GREEKS ARE THE FIRST PARLIAMENTARIANS EVER TO COMMIT AN ACT OF GODWIN'S LAW

By Internet rules, the Greeks have lost. They have committed an act of Godwin's Law.


































Also known as Godwin's Rule of Nazi Analogies, Godwin's Law states,

As an online discussion grows longer, the probability of a comparison involving Nazis or Hitler approaches 1.

Well, it is here. Today, the Telegraph (UK) reported that Greek PM Alexis Tsipras has demanded the Germans pay more than US$168.83 billion (€160bn) for war action NAZI Germany took against Greece 74 years ago in Operation Marita. In April 1941, the NAZI Germans helped the Mussolini-led Fascist Italians invade Greece. This led to occupation of Greece by the Germans and Italians until October 1944. Before the April 1941 invasion, the Italians failed in their October 1940 invasion.

Interestingly, PM Tsipras has failed to demand Italians pay up for World War 2.

Suffice to say, likely, Greeks are at a low in their history, perhaps not an all-time low, but without doubt, a serious low. Sadly, many Greeks, weakened from decades of coddling by legislators, will accept such desperate political rhetoric from Tsipras and his cronies of SYRIZA.

Greek legislators borrowed billions and made it rain. They doled out cash and credit as welfare and government "work" to Greeks like Ouzo.

As long as Greek legislators could increase borrowing every year, they could put more Greeks on the government payroll giving them make work as government employees, and they could give ever more welfare as government medicine.

Yet, once the ability of the phony Greek economy to generate taxes to service the interest payments on their cumulative debt failed, prudent investors stopped buying Greek bond issuance. In short, Greek legislators squeezed all they could from shopkeepers and restaurateurs to pay for their past extravagance.

Long-ago, famed Greek stage play critic Aristotle explained how to write a tragedy. All good tragedies are mimesis (imitation of action) that adhere to the Law of Cause to Effect all told within a story that goes from beginning through middle to end and in which all of the needed facts of the story get revealed through action of the story.

The brilliance of the tragedy is the anagnorisis, which is that ah ha! moment when the mind's eye of the story's main agent opens to see his ignorance, which has led to his downfall and hence destiny of destruction. Aristotle said that following straight after the anagnorisis, we, the audience must see the story's main agent in a scene of suffering for the tragedy to satisfy us.

Greeks are experiencing a death spiral. Greeks do not make enough of anything that others want to buy and thus Greek legislators can't tax Greeks fast enough or collect high enough sums to pay interest on borrowed credit, which Greek legislators use to pay wages for Greek government workers and pay generous welfare to able-bodied Greek citizens.

Greek legislators have borrowed excessively and have passed the tipping point, having established and perpetuated a phony economy to the point where no longer can such an economy be sustained. Greek legislators have run out of new lenders from which to roll over and pay off existing debt.

Many individuals find themselves in alike situation when they take on many credit cards, using each successive one to pay off the previous one while charging a bit more to enjoy living, until the day comes when no longer is there a credit card issuer willing to give yet another card.

At that point, the credit card dead beat who lived beyond his or her means, lacking a suitably high enough income to pay the monthly monster of interest, gives up. The last card issuers get stiffed. That's the whole of it.

The best bet for Greeks is to dissolve their parliament and split up into smaller countries, each with fewer law (rights and duties) and more freedom (lack of law in the presence of legislators), which would better let each Greek discover himself and put each Greek on the path to virtue, which is another way of saying manhood.

Likely, Socrates would agree with me.

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