Trust ...

Greece is living a debtor's delusion ... believing the world will keep lending them money they have no intention of  paying back.

Less than a week ago the Greeks were laughing and dancing in the streets because they voted against a bailout and won!  They said a firm no to austerity policies that would have meant spending cuts and tax increases for everyone.

Yell, hug, dance, cheer!
 
They showed 'em! 

Exactly what they showed who ... well, the Greeks didn't quite know.  Didn't matter.  They were free now. 

Exactly what they were free to do ... well, they didn't quite know that either until next morning when they found themselves free to stand outside the locked doors of their friendly neighborhood bank.

Today ... before last week's celebratory confetti had all been swept away ... Greece did a 180 degree turn and accepted the deal they'd so recently rejected.

But that's good, isn't it?

Well, isn't it?

No, dear citizens of Greece, it isn't good at all, but don't worry.  Go on with your dancing.  You have nothing to be concerned about.  Your government will take care of everything.

Meanwhile, here in America, we're aware that our own country owes something like 18 trillion dollars, but it's okay because we can still pay interest on the loan.   And you know what else?  We can always print more money.  Simple as that.  Print more money.  
So what if it dilutes the value of the dollar.  Nothing to worry about.  Our government will take care of everything.

Someone fire up the band!  America feels like dancing ....



email:  MelindaGerner@yahoo.com