She ignores the obvious problem that created this, about 40% of the Greeks work for the government, they retire at like 52, and get a check for life. Take out the old, sick, children, and the disabled and you have less than one person actually working for each one that draws a government check... It doesn't matter if they forgive the debt, they are already over a cliff on day one after that.

They don't have any wealth creating industries, just sucking on the tourist tit... To be quite honest.

She really seems to repose an unrealistic trust in any government goods or services besides the Big Three (police, military, courts of law).

Yes, she does exaggerate. This article is a step down from her recent work. She has the unfortunate tendency to unrealistic trust in a government run banking system. Fact is, no one can be trusted with power that comes with a central agency that creates money and credit from nothing. Any entity that creates more currency than they have assets backing it should be exposed and crushed to death in the free market.

Do we want to give even the appearance of sympathizing for people who elect a socialist government and don't look too closely into the basis of the money they borrow?

The author of the article also exaggerates. Fractional-reserve banks lend money they don't have. Full-reserve gold-standard banks do not.

Not a bad idea, assuming that Greece has some gold. Bitcoin is another option that is difficult to control by the banksters at present. Would we pay some gold for a greek island as a home to set up Atlantis?

from the Gold Standard Institute:
http://snbchf.com/gold-standard/open-...

Yup. The singers change, but the song remains the same.

"they've successfully dumped their debt onto successive generations"
It is a familiar refrain.

I read an article yesterday that put it all into perspective. The author said that as part of the deal, Greece won't have to start paying the European creditors back until Justin Bieber is 59 years old. There seems to be some kind of weird cosmic justice in play there that I can't seem to get my head around; suffice it to say that they've successfully dumped their debt onto successive generations. Dime donuts to navy beans says that austerity won't last a year and they'll be back at it. As every Keynesian knows that you can't save your way out of debt; you need to grow your way out and of course that takes more capital!

G. Edward Griffin needs to add chapters in his book for Cyprus and Greece.