Where Greece’s Money Actually Goes

This is just an update to a previous post indicating where Greece’s debt comes from… at least in part.  And, again, it is not (or not only) lazy Greek tax-evaders that contributes to the country’s debt but the ‘need’ for Greek tax-payers to support Greek and Western banks (through loans/debt) so that they can support French, German, and U.S. arms manufacturers.  I mean, how else is Germany, France or the U.S. going to maintain the illusion that they have robust economies?  Sadly, Western nations could not survive without the Ponzischem-o-nomics of governments, the financial sector, and arms manufacturing.

See Zero Hedge’s article and the German original at Zeit Online.

peace.