March 28, 2024

News Cymru

Two sides to every headline

The inflationary policy of the Fed vs the sound money policy of Germany. Is this battle of ideology being waged in Greece as a proxy war of the central banks/countries?

Cutting their nose of to spite their face. That is the most accurate description of the course of action being taken by the Greek political class.

The Greek political class seem to be willing to sacrifice the Greek people to worship the central banking gods.

Greek politicians are deliberately sending the Greek economy into a black hole in order to serve the wishes of the Federal Reserve in the USA.

Only today the Greek government were announcing yet more measures to combat alleged tax evasion. If any evidence was needed the Greek politicians are either completely out of their depth and/or they are intent on completely destroying the Greek economy for foreign interests, then this fascination with combating tax evasion in a brutal depression is all the evidence anybody should need.

What does the Federal Reserve want?

They want all currencies to be inflated equally, they do not want one currency to become more valuable than the US Dollar.

Unfortunately for your average Greek, Germany is resisting this policy.

Who has the moral high ground here? Germany of course.

You have the US Federal Reserve failing completely in the monetary policy.

You have the Greek political class willing to sacrifice the people they are sworn to represent in order to serve the USA.

I do not pretend to know the history of the USA in Greece.

But does anyone believe that the US government and the US central banks has the power manipulate the actions of Greek politicians?

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