Posted by Socrates in debt, debt-money systems, Greece, Harry Dexter White, IMF, interest payments, international loans, internationalism, Jewish money-magic, Socrates at 5:41 pm | Permanent Link
Greece borrowed $40 billion from the International Monetary Fund in 2010, and then couldn’t make the payments on the loan. It defaulted on the IMF. Greece also borrowed money from other Eurozone members. This default will be painful for Greece at first, but it will be a good thing in the end. Greece couldn’t continue the usual cycle of borrow-spend-too-much-borrow-spend-too-much (America does that, too, but America’s economy is much bigger and stronger than Greece’s). Maybe other European countries will learn from Greece’s experience that the Eurozone sucks and that doing business with the international debt-masters almost always leads to trouble. (The Jew Harry Dexter White’s IMF loans money mostly to poor countries, which I find interesting).