Monday, May 14, 2012

Greeks will leave Euro, end of world nigh

It's all over the news, except they're still mostly sliding in the modifier "might".

Ain't no "might" about it.

The people have had enough of the austerity enema.

According to the mainstream scare-mongers, once Greece says goodbye to the Euro and welcome back to the drachma, all hell will break loose.

And I'm quite sure the "global capital markets" will do some serious heavy breathing.

Not to worry.

Underneath that Rumpelstiltskin economy that thrives by passing paper around a daisy chain of insiders, there is still a real economy where real people make real stuff and provide services that really matter.

In the short term, global capital markets will indeed have a shudder.

In the long run, the people who can do real stuff and provide meaningful services will be fine.

But a lot of straw-spinners will be out of work.

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