The erasure of national sovereignty leads, not to Shangri-La as some would have us believe, but to a supranational consolidated ‘sovereignty’ presided over by banking interests, which is no sovereignty at all. On the contrary, it’s the Town Hall of the Panopticon. Greece is not some idiot uncle who simply needs a loan to get back in the fold. That’s a tragic misread. Greece is the canary in our mine-shaft, loss-leader on the road to global debt servitude. As goes Greece so too will go the world in due course. Others wait in the wings: Puerto Rico, Italy, Portugal, the US. From the back of the cave, distant miners are easily mistaken for canaries.
It’s the math, stupid. The irrevocable tipping point of mounting debt proceeds from the law of large numbers. Debt-money has unsustainability built into its Ponzi structure —unless we get the Martian mineral mines cranking in short order (exogenous resources expand the denominator; but then what, diamond mining on Saturn?) The Earth wearies of being picked at for mindless, usurious advance. Those who run the Ponzi are not wringing their hands in distress. You don’t wring your hands when things are playing into your hands. Debt is a weapon designed to bring the world to its knees. This ‘abyss’ is a carefully planned rendezvous. So, all the media histrionics about spendthrift nations tempting perfectly avoidable black holes, the character defects of the lazy Greeks, are just that: histrionics meant to disguise a premeditated arrival point.