Doug Casey on the Illusion of Recovery (lewrockwell.com)
- Highlight Loc. 82-87 | Added on Sunday, March 25, 2012, 07:39 AM
I advocate the Greek government defaulting, overtly and immediately, on 100% of its debt, for several reasons. First, it would punish those who lent it money to do all the stupid and destructive things it's done. Second, it would ensure that the Greek government wouldn't be able to borrow again for a very long time. Third, it would liberate young and yet unborn Greeks, who are being turned into serfs by all that debt. It would also mean that most European banks would fail. Tough luck for those who relied on them.
