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June 20, 2011 / 74

Will Greece Succumb to Shock Doctrine???

It’s in all the headlines today.

Greece Prepares to Sell Off State Assets to Get Loans” (CNN)

“Euro Zone Delays Decisions on Greek Loans” (Aljazeera)

“Greek Default would Spell ‘Havoc’ for European Banks a Year After Bailout” (Bloomberg)

“EU Urges Greece to Back More Austerity” (Wall Street Journal)

“Europe Debt Crisis Shadows Fed Meeting on Economy” (AP)

This Is Classic Shock Doctrine. Read the book “Shock Doctrine” by Naomi Klein.

For those worried about a Greek default – if Greece sells off national assets to get “more loans” from the IMF, there won’t be a country left to default and your investments will be worthless – just as if they had defaulted in the first instance.

It’s a certain bet that the man who tells you to dig deeper to get out of a hole is selling shovels.

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