The Dow industrials and S&P 500 fell on Wednesday on renewed worries over Greece's expected default. Greek banks, hit by a series of credit rating downgrades linked to Greece's debt crisis, have asked the government for more financial support. This plea highlights the problems facing Greece, which is expected to contract by 4% this year, as a result of Graecokleptocracy, socialism, and huge taxes, especially VAT.
The default of Greece cannot be avoided. The challenges facing Greece are similar to those that confronted Argentina, which defaulted on $95 billion of debt in 2001. There are a lot of similarities in terms of inflexibility of the currency, capital flight, huge taxes, and the risk of austerity measures leading to a sharp contraction in growth. Greece's financing needs are huge in the coming two years. It needs to prove to the market that it can drastically reduce expenses, taxes, sinecures, and Graecokleptocracy. The markets demand to see at least one Graecokleptocrat in jail!
Basil Venitis asserts that Greece can easily pay its debt by selling its assets, such as land owned by the government, forests, islands, postoffice, colleges, state buildings, public TV stations, public radio stations, highways, ports, airports, state hospitals, mines, offshore drilling, and many other public services. Everything should be privatized. 90% of public jobs should be eliminated, because they are just sinecures, created in exchange for votes!
Greeks are fed up with all politicians. A range of government policies since the end of dictatorship in 1974 have made them feel powerless and betrayed by a centralized kleptocracy that claims to know what is good for them better than they do themselves. The welfare Graecokleptocracy has created not a feeling of security but a culture of dependency on crumbs and sinecures and a loss of responsibility. The all-powerful Graecokleptocrats are willing to say anything to fool Greeks and do anything to get kickbacks.
Venitis, twitter.com/Venitis, points out that for 35 years since dictatorship, Pasokleptocrats and Neodemokleptocrats who took turns in running Greece, the most corrupt country on Earth, borrowed as if there were no tomorrow, and they received 200 billion euros in kickbacks from Siemens, JPMorgan, Goldman Sachs, MAN, Daimler, antitrust, military purchases, monasteries, and many more. Through mismanagement, robbery, kickbacks, and nepotism, they drove the cradle of democracy to the brink of bankruptcy with a public debt of 350 billion euros.
Michael Christoforakos, the former president of Siemens Hellas, set a videocamera in his Siemens office, producing DVDs starring 200 Graecokleptocrats, kept at two public notaries. Christoforakos has the tiptop Greek politicians on DVD kowtowing to him for more kickbacks in exchange for lucrative overpriced contracts! The DVDs prove that Premier Costas Simitis, 10 ministers, and 80 MPs of Pasok, Premier Costas Caramanlis, 8 ministers, and 75 MPs of Nea Democratia, and 20 journalists shared two billion euros of kickbacks. Christoforakos, who now lives in Munich, identified John Bartholomew of Nea Democratia and Costas Geitonas of Pasok as the coordinators of kickbacks. Siemens set aside 10% of the revenue it received from state contracts to pay off Nea Democratia and Pasok as part of a bribery system that ran from 1975 to 2007.
The huge Greek debt is not due to spending, but robbing! It's not fair for poor Greeks to pay this debt, but for Graecokleptocrats to return the loot, mission impossible. That's why Greeks revolt against Graecokleptocrats with bombs, molotovs, guns, strikes, and riots! Many revolutionary groups try to overthrow Graecokleptocrats and hang them in front of the Greek Parliament! Most Greeks pray now for a coup!
It is the first time that every Greek is realizing that after years of Graecokleptocracy, it's time to fight back Graecokleptocrats. It's the only hopeful sign, actually. Greece has no choice but to reinvent itself. Reinventing Greece and cleaning up after years of Graecokleptocracy, however, is going to be a task worthy of Hercules. The time has come to pay the bill. And paying that bill, with the economy in the middle of a recession, is going to hurt. Nominal unemployment rate has hit 12%, and the real unemployment rate calculated by Basil Venitis is 25%!
No Graecokleptocrat has ever gone to jail! Venitis asserts that impunity of Graecokleptocrats is the most freakish justice in the world! The most infamous house on Earth is the Greek Parliament, aka the Grand Brothel of Syntagma Square, which houses 300 wild prostitutes, minotaurs that suck the blood of Greeks! It's a long way from the 300 Spartans of Leonidas to the 300 Graecokleptocrats of the Grand Brothel! Allons enfants de la Grece!
The average Greek citizen, forced to accept inferior public services or pay bribes to get around them, is understandably not inclined to pay his or her fair share of taxes. This problem is compounded by a tax system that is arcane, vague, and quite punitive for those who are not prepared to dodge or bribe the tax inspectors, a service that the affluent take disproportionate advantage of.
Greece's debt troubles herald a domino of sovereign defaults in eurozone that could derail an economic recovery. Venitis points out PIGS(Portugal, Italy, Greece, and Spain) account for half the debt of eurozone. PIGS are indeed piggy slave States that create many problems for Fourth Reich(EU), demanding high proportions of the Cohesion Fund, playing dirty games, encouraging political corruption, and spreading the cancer of socialism. Lazy pigs enjoy dolce vita and expect hard-working Britons and Germans to support them! Pigs come to the trough all time!
Fourth Reich(EU) decided to become the bailout reich, a free-ride area where entitlement spending in PIGS is underwritten by North Fourthreichian taxpayers. Euro will stabilize in the short-term, as investors face reduced uncertainty. However, this locks Fourth Reich on a trajectory to gradual monetary collapse, the path currently being followed by the dollar. Eurogroup chairman Jean-Claude Juncker, premier of Luxembourg, points out the hard-working taxpayers of North eurozone refuse to subsidize the socialistic laziness and dolce vita of South eurozone.
Venitis muses that Papandreou is a Don Quixote who is tilting at the windmills of speculators. Papaconstantinou is a Sancho Panza who helps Papandreou to attack imaginary kallikantzaroi. The quixotic adventures of Papandreou lead nowhere, because he is surrounded by Graecokleptocrats who play farces on him. The cruel practical jokes eventually will lead Don Quixote to a great melancholy.
Greeks, robbed at gunpoint by Graecokleptocrats, survive by schemes, fraud, sinecures, and mugging each other. Tax evaders and law breakers receive visits from officials eager to collect kickbacks. In return for leaving the guilty untouched, officials receive fakelaki, envelope containing bribe in cash. The standard rate for kickbacks is 10% of the forfeited penalty. Desperate Greeks now pray for a new dictatorship! Allons enfants de la Grece!
Gregory means fast in Greek. Gregory's tax is fakelaki for fast service. Without it, you will wait for ever! All Athenians know very well that without Gregory they will have to wait many months before a state IKA physician could see them. If you want a surgery, you will have to give the IKA surgeon at least 5,000 euros kickback, that beloved Gregory! The surgeon would ask you how is Gregory. If you do not present Gregory, you will have to come back to IKA months later to answer the same question. If Gregory is not fat enough, the IKA surgeon might pseudoforget his scissors inside you! Allons enfants de la Grece!
Venitis points out Mustang Ranch, the most profitable brothel in America, went belly up after Uncle Sam took over. Government should put the people back in charge of healthcare by expanding healthcare tax credits and deductions, increasing access to Health Savings Accounts, respecting privacy and the doctor-patient relationship. Politicizing and bureaucratizing of healthcare increases costs and reduces quality.
Mustang Ranch management is present in all socialized healthcare, especially IKA, the socialized healthcare of Greece, the most corrupt country on Earth. IKA grabs huge fees from the insured, but provides nothing in return! To get a health treatment from IKA, you have to suffer infinite queues. To get any reasonable health service, you have to give huge kickbacks to physicians and staff. No kickback means no service, it's as simple as that! Now Obama plans to bring the horror of IKA to America! God save us from IKA!
IKA's horrible service gives you hypertension! Hypertension is a chronic medical condition in which the blood pressure is elevated. 20% of people are affected by hypertension. Persistent hypertension is one of the risk factors for strokes, heart attacks, heart failure, arterial aneurysm, and chronic kidney disease. Uncle Sam recommends DASH(Dietary Approach to Stop Hypertension) for hypertension. DASH is a diet that limits intake of sodium, sugar, and red meats, and encourages the consumption of whole grains, fish, poultry, fruits, and vegetables.
In Greece, the most corrupt on Earth, you could easily retire at forty. All you have to do is give a kickback of 3,000 euros to a certifying State physician, who will lie to the State Insurance Organization(IKA) that you are handicapped! Part of this kickback goes up to the general inspectors and examiners. Nobody cares, nobody gives a damn for all this fraud. There are many villages and towns with all inhabitants declared handicapped! IKA grabs half a Greek's salary, but gives very little in return. Graecokleptocrats churn IKA's funds in order to generate commissions and kickbacks!
The Greek government controls the pension funds, the nest eggs of unions, and the Greek Treasury. This is putting the wolf in charge of the chicken! Graecokleptocrats select those money managers and brokers who return part of their fees and commissions as kickbacks to them. This is heightened when large volumes of trades go through consistent law-breakers such as JPMorgan and Goldman Sachs who know how to churn the accounts and generate a lot of commissions and kickbacks.
