posted on Sep, 25 2011 @ 10:24 AM
This seems like a critical time in world history. However instead of maximising the problem why not minimise the problem.
Greece owes 328 billion euros to whoever.
Greece got into debt because of years of the politicians misusing public money.
So let Greece go into liquidation. It is only one country of 200 or so in the world. What is so special about it?
Who cares if Greece has it hard for a few years. It will teach them a lesson.
If Greece and their corrupt politicians are covered by handouts by money from hard-working people from other countries miles away then it is likely
that a world bank will be formed from this precedent.
What happens if the world bank is formed?
If you are an individual in one country, with your business doing well financially, and need to borrow money from a high street bank then the bank
will have to ask the world bank`s permission. The world bank may say that because somewhere miles away like Greece is doing badly then money cannot be
lent to you because the money is needed for Greece.
Your business is dependent on the incompetent Greek politicians. This results in your business not expanding even though it is doing well locally.
Who will benefit from restricted lending?
Those who run the world bank will gain the power to damage individualism and only lend to multi-national corporations.
I`m not an economist but am trying to imagine how the high street banks will behave in say 2-3 years after the world bank is formed because of not
letting go of Greece. It looks as though borrowing money from the world bank will be a problem unless you are a multi-national corporation.