Are We to Simply Ignore the Facts Telling Us the Euro, Not Greece, is to Blame? Have a Look.

Just to throw a little grease on that Saganaki…….  let’s have a look at some FACTS.  Now I know our global bankers just hate when we bring facts into the discussion but you know us, always having to rock the boat and all…..

It never ceases to amaze me how the sheeple simply accept the explanation as given by those ‘in charge’ in the face of blatantly obvious conflicting facts (think 9/11, Ukranian coup, Iraqi WMD, ISIS, etc.).  But as one doesn’t fight the Fed, one mustn’t fight the perceived reality for one quickly becomes the crazy-one.  But, understanding the risks, allow me to present some facts that conflict with the explanation given by those ‘in charge’.

Pre Euro Greek total production increased by some 600% between 1960 and 2001 while German total production increased by a mere 255%.  Now if we think about it in footballer (soccer) terms, Greece gave the German nationals a real thrashing.  However, throw in the Euro and the subsequent 15 years has German total production up 20% while Greece total production is down 26%.

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So a nation that had essentially 40 continuous years of production expansion suddenly goes into a tailspin upon changing up the monetary basis of trade suggesting that we can pinpoint the culprit.  A 5 year old could pick up on this actuality.  So how is it that these supposed omniscient academics at the ECB are simply incapable of seeing the blatantly obvious?

Well because the Euro is what provides them their perceived and weightless authority but we must all recognise these emporers have no clothes.  If the Euro goes so too does their political power of persuasion.  And this is why the negotiation is no longer between the ECB and Greece, Greece has made their intention clear, but between Germany and the ECB.  Germany is the nation currently funding the ECB’s false authority.

Just to prove that the Euro induced Greek economic breakdown was not a fluke isolated to only Greece,  let’s look at further proof in the pudding.

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One could likely tie the massive negative global economic inflection point of 2001 to the flooding of an overvalued new currency into global markets, thus significantly further inflating assets in all other currencies, exacerbating the bubble that was already building.  But that’s for another day…..


By Thad Beversdorf, Chief Global Economist for Allocated Bullion Exchange

8 thoughts on “Are We to Simply Ignore the Facts Telling Us the Euro, Not Greece, is to Blame? Have a Look.

  1. Only a cock sucking brain dead europhanatic wanker can ignore reality so easily.
    Post to every Greek you know (if any)

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  3. How clever you are, with such an insightful contribution to an otherwise respectful discussion. Take 2008 and after off the presented charts, and tell us how the trends are still dramatic and downward — Spain, for example. No doubt Euro implementation contributed to the current wondrous state, but clearly there’s more to the story.

    1. I think as Gil points out, it doesn’t make sense to take out 2008. But even if you do, the real story is the 2001 inflection anyway. But very likely the introduction of the Euro, a highly overvalued currency, was a major impediment to economic growth throughout europe. Countries like Greece, whose GDP was massively dependent on tourism and shipping got slaughtered by a stronger currency and literally overnight. Anyway, likely wasting my time if you haven’t come to this on your own.

  4. … or you could extend the trend through 2008, place your vertical dotted line there, and draw the conclusion that (at least in the context of these numbers) the Germans merely managed the post-2008 situation better than (i.e., to the detriment of) the others and that the connection to Euro implementation is indirect.

    1. Yes you could ignore the clear inflection of 2001 that occurred across all European economies and then jump to some alternative universe too. But that would make you just another chump. Use your fucking head.

      1. yep Euro should never have been an option for Greece but they did not do referendum for that one! Is it fair that England could use its own momentary currency while Greece could not?? Accidental? nope!

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