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May 29, 2012

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10 Questions And One Answer About The Greek Debt



Questions 1:
How is it that while Luxembourg, England, Switzerland, Belgium, France, Denmark and Austria currently have a higher debt ratio than Greece they do not need rescuing, but instead they rush to save Greece?

Question 2:
Why does Afghanistan only have a debt ratio of 23% of GDP, yet it has suffered from continuous wars for over half a century now (when we know very well that even a week long war can send a country's economy through the roof)?

Question 3:
How can Kuwait owe 29%, Bahrain 54% and the United Arab Emirates 56% when we know that these are the largest oil producing countries in the world?

Question 4:
How does a simple maid make 2000 euros a month in a country like Switzerland which suffers from a 271% debt, (or as much as a charcoal factory worker made in Greece before the crisis broke out with 25 years of experience?) -Remember Switzerland is bankers heaven-.

Question 5:
How come Norway does not need rescuing or asked to make slashes in wages and pensions when its debt was said to be nearing 143% of GDP?

Question 6:
Why aren't global creditors worried about losing their loan investments in the US which owes some 13, 5 trillion, or in Luxembourg which owes some 2 trillion, or even the 9 trillion that is owed by England (etc etc) but instead they are totally panicked about the 0.5 trillion that Greece owes?

Question 7:
How is it that the entire population of earth owes 98% of all the money it makes?

Question 8:
Who has so much capital and is able to lend so much money?

Question 9:
Where did they find all this money?

Question 10:
Why isn't this money included in the GDP of the country these people live in?

Answer - The questions are self-explanatory and do not need to be answered. They only prove that the global economy is nothing but a huge credit bubble, and the air from this bubble is usually printed as currency by multinational banks so that they can have the upper hand in world governance and global control.

Original article in greek at defencenet

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