I’ve been trying to avoid writing about Greece.
I mean, really, what can one say?
Shocking! Just shocking.
A country that has been in default for half of its 183 years of independence. In default? No way! Shocking!
The only thing that is shocking is that anyone is shocked by it.
In this world where nearly every nation is drowning in debt and at best can only drive growth through more debt (and war, of course) who is surprised that Greece is out of business?
I mean, if us work-yourself-to-death Americans have borrowed more money than we can ever repay, what hope do the hardly-working-at-all Greeks have?
And, look, of course it’s not their fault.
Whoever dreamed up the entire notion of the Euro would have failed introductory macro-economics where I went to school.
But, as usual, it is always the same people who bear the brunt of the pain.
To the billionaire hedge fund managers who are “betting” for or against Greece, it’s all just a game.
Spin the wheel again guys, let’s gamble someone else’s money and watch the bouncing ball.
And the politicians. Austerity doesn’t climb the gilded steps. Maybe they’ll be forced to downgrade to a G550.
But what about the ordinary citizens? Who is looking out for them?
Who cares about the people who suffer from all this mess, while the empty talking heads deliberate how far the Dow might fall.
It might seem like a game now, but history shows, soaked with generations of debt, it’s just a matter of time before we are the bouncing ball.