It’s not just Greece, Ireland, Iceland, Portugal, Spain and Italy. If they go under, the world banking system ends. And if Greece goes, the others will almost certainly follow. It seems completely incredible, but there is only one real solution to the crisis, which is to cancel all debt public and private, and start over on a new basis. Otherwise, we are facing a world-historical catastrophe that is going to impoverish every single human being on planet earth and leave us unable to recover for so long that civilzation itself will crumble.
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