• 287 days Will The ECB Continue To Hike Rates?
  • 287 days Forbes: Aramco Remains Largest Company In The Middle East
  • 289 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 689 days Could Crypto Overtake Traditional Investment?
  • 694 days Americans Still Quitting Jobs At Record Pace
  • 695 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 699 days Is The Dollar Too Strong?
  • 699 days Big Tech Disappoints Investors on Earnings Calls
  • 700 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 701 days China Is Quietly Trying To Distance Itself From Russia
  • 702 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 706 days Crypto Investors Won Big In 2021
  • 706 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 707 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 709 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 709 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 713 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 714 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 714 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 716 days Are NFTs About To Take Over Gaming?
Is The Bull Market On Its Last Legs?

Is The Bull Market On Its Last Legs?

This aging bull market may…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

How Millennials Are Reshaping Real Estate

How Millennials Are Reshaping Real Estate

The real estate market is…

  1. Home
  2. Markets
  3. Other

Grecian Tragedy Formula, Bailout Number 3

The word (tragoidia), from which the word "tragedy" is derived, is a portmanteau of two Greek words: (tragos) or "goat" and (ode) meaning "song", from (aeidein), "to sing". This etymology indicates a link with the practices of the ancient Dionysian cults. It is difficult to know with certainty how these fertility rituals became the basis for tragedy and comedy, but an empirical overview of what the Greek government is proposing it is capable of achieving from fiscal standpoint in a short period of time would be borderline laughable if it didn't portend such serious consequences. Alas, since the vast majority of pundits seem to have actually failed to read what the Greek government has issued as a supposed solution to the its crisis, this fiscal plan, apparently laid out as comedy, has a more than material chance of achieving a tragic end.

Yesterday, I demonstrated that the sustainability of various proposed Greek bailouts is tantamount to abject non-sense by supplying the tools for subscribers to calculate their own Greek haircut effects, see The Ugly Truth About The Greek Situation That'sToo Difficult Broadcast Through Mainstream Media. Today I will demonstrate that the incessant lies laid forth virtually guarantee a crash landing. Sourced from ZeroHedge, below is page 4 of the Greek debt sustainability proposal floating around EU policy member corridors aimed at determining the likelihood of the success of a 3rd Greek bailout - Tragic Comedy, indeed...

Greek Sustainability Proposal

There is so much to comment on, I can literally get lost in the diatribe, so let's try to keep it short and focus on how the Greek privasitation plans are working out thus far by referencing a document that gave to my subscribers TWO YEARS AGO!!! Reference Greece Public Finances Projections, pages 5 and 6.

Greece public finances projections 1 Page 05
Larger Image

Greece public finances projections 1 Page 06
Larger Image

'Nuff said. In case I haven't made it clear, I believe Greece's implosion is a foregone conclusion. What the media should be focusing on is the knock-on effects to Portugal, Spain, Italy and Ireland, and the resultant contagion that is sure to affect France and Germany. My next post on this topic will outline the contagion research that we have conducted. Stay tuned!

 

Back to homepage

Leave a comment

Leave a comment