Adopting crypto would mean austerity for the Greeks beyond recognition. All fraud would immediately be forced out with the biggest economic reset conceivable. I wouldn't recommend this to the Greeks unless they cut down all government regulation except for the 10 commandments as well.
Remember the EU is allowed under Article 352 to wage economic emergency warfare against any internal threat to internal order internal to the EU.
They will unleash such chaos and suffering on the Greeks, that they can force them to beg for Euros.
Bitcoin may be getting a bounce from this, but in the end Greece will be harnessed by EU and Bitcoin will turn down from $315-$320 back to under $150 and mostly likely double-digits.
Note the slide into the NWO is at its most challenging for the TPTB while dealing with these fringe countries such as Iceland, Greece, and Cyprus. Once they get those done, then Spain, France, Italy, etc will fall like dominoes into the trap.
They have no faith in their beliefs.
What does that say about gonvernments and their currency - "the full faith and credit" ?
When faith fades, government will not survive long.
Astute. When Greece votes no to "austerity", I suspect they do not know what they are voting "yes" to. The people have no idea the sacrifice that is required for them to reform their government which sold out to Goldman Sachs long ago.
The problem of socialism is institutionalized and ingrained dependence. That is why the cancer can not be easily escaped without total chaos.
And when the chaos comes, the NWO will be waiting to catch the burnout from the wars and riots and offering peace. Precisely as depicted on those murals at the Denver airport (Google "something strange at the Denver airport").
This was premeditated by TPTB. They are even laughing at us in our face with those murals. They know cows and sheep can't
self-organize.
But ... the knowledge age can self-organize and that is precisely what I am up to with my work which is much broader than just an anonymous altcoin.
Hopefully soon you will see the fruits of my long-winded, long gestation labor.
I am looking forward to Armstrong's comments re Greece tomorrow and the near-future.
I think I understand this better than Armstrong does.
Perhaps the Troika will use the big stick of capital controls to induce the Greeks to vote for the Troika's bailout terms which contains a few carrots with more austerity.
The referendum is some sham to convince the Europeans they are not under a dictatorship, as was the case for Scotland.Remember my prediction in 2010 in the "Understanding Everything Fundamentally" essay.
http://www.coolpage.com/commentary/economic/shelby/Understand%20Everything%20Fundamentally.html#europe"Coase’s theorem says that an inefficient internal order will continue for as long as there remains an unavoidable frictional barrier insulating it from the more efficient external possibilities. The fundamental reason the EU crisis will not result in a disintegration of the union, at least not until its people significantly abandon collectivism, is that organisms which are unable to comprehend the mechanism by which they are consuming resources faster than their ecosystem can replenish, thus are unable to stop the mechanism before they perish. So the implosion of the friction and thus the order only occurs when they perish, because they will continue to repeat the mechanism which they do not understand to be a cause of their suffering. This can be verified in a petri dish, as an organism will reproduce until it consumes all of its food or oxygen."
Yet another in my growing list of "I told you so". Armstrong finally starting to realize what I told him years ago, that the Euro was designed from the beginning to federalized Europe.
http://www.armstrongeconomics.com/archives/34228You Can Check-In for the Euro – But You Can Never Leave
...Brussels has a hidden clause that shows from the very beginning this was a covert action to federalize Europe displacing democratic institutions from the top down...
...This Article 352 allows the EU to wage economic war on any member state to force its will upon the people regardless of what they vote. This is an amazing authoritarian view for this is not just about maintaining a single currency, it is now all about centralized power. The EU is now in a position to carry out coercive measures against Greece that are completely outside any legal framework.
http://www.nytimes.com/2015/07/02/business/international/greece-bailout-tsipras.htmlWith its banking system shut down and access to further aid cut off, Greece faced the prospect of further debt defaults...
...Chancellor Angela Merkel of Germany made clear on Tuesday that she favored waiting until after the Greek referendum on Sunday to reopen talks, and her finance minister, Wolfgang Schäuble, repeated that message on Wednesday after news of Mr. Tsipras’s letter became public.
I told you so:
http://www.armstrongeconomics.com/archives/34268In a TV interview, Mr. Varoufakis said very clearly, “This is a very dark moment for Europe. They have closed our banks for the sole purpose of blackmailing what?
...
The Troika deliberately closed the banks to punish the people of Greece, and to show them what exiting the euro means. This appears to be their only way of diverting the crisis with orchestrating a fake “YES” vote to economic suicide. The Troika will attempt to rig the referendum as they did with the Scottish elections.
http://www.armstrongeconomics.com/archives/34373EU Openly Wants To Overthrow the Greek Government
The Deutsche-Wirtschafts-Nachrichten is reporting that the head of the EU and Merkel are now openly calling for the overthrow of the Greek Government. It is their way or no way. To defend a failed Euro, they will not tolerate any democratic process that disagrees with their vision of a federalized Europe. This is World War III, just in economic domination coming from Brussels.
The President of the European Parliament, Martin Schulz, has stated that holding new elections in Greece is now mandatory when the people vote for the reform program of the creditors. He insists that any relief for the Greeks, which is blackmail keeping their banks closed, will be bridged with a technical transitional government until elections are held that approve only their candidates, and that this will be a requirement of further negotiations. “If this transitional government is a reasonable agreement with the donors, then Syriza time was over. Then Greece has another chance, ” said Schulz. This is outright dictatorship for not a single member of the Troika is elected by the people including the head of the IMF Christine Lagarde.
We have been forecasting a Crisis is Democracy would emerge by 2015.75 back at our 1985 conference. This is just how all societies collapse. Unfortunately, well – it is here.
