Opinion – Will Greece run out of cash? | Zsolt Darvas at Bruegel.org – John Gelmini

Dr Alf is not wrong. Large numbers of public sector workers, who until recently used to retire at 38 on a full pension only to take other jobs, will indeed be at risk.

Greece has probably already run out of money and is living off the residue of monies lent to it in the past(none of the publicly available figures can be believed because Goldman Sachs created wholly bogus data to enable Greece to enter the Eurozone in the first place and may either alone or via others be doing so now to create the impression that things are not as bad as they seem).

Before I lent Greece any more money, I would want to go through that country’s finances with an electron microscope and the forensic accountancy skills of someone like Dr Alf and his nephew, Seymour Lightman, an accomplished forensic accountant in his own right.

Greece does have assets but which ones it owns outright and which ones are unencumbered is a separate and as yet unanswered question.

Money has been spirited out of Greece by five of its leading plutocratic families and by others. The disposition of that money needs to be established and where possible monies that should be repatriated to Greece, should be along with the pursuit of justice and recompense against those guilty of criminality, malfeasance and subsequent money laundering.

John Gelmini

Could Labour plus SNP in power in the UK, signal the start of a massive financial crisis, like in Greece? – John Gelmini

The answer to Dr Alf’s question is ‘yes’.

I remember Margaret Thatcher coming into office in 1979 only to discover that Callaghan had left the UK with a financial black hole.

We had to borrow money from the IMF and then thanks to Mrs Thatcher we were bailed out by the Sultan of Brunei to whom she said Britain owed a lifetime debt of gratitude.

People have short memories but should look at the history of Labour Governments–Every one of them has bankrupted the nation and inculcated “the world owes me a living attitude”.

This manifests itself in a desire to harken back to a bygone age where products of indifferent quality could be foisted on a world and Trades Union bosses roamed about like beer drinking mastodons and encouraging workers to do as little as possible whilst evading quality requirements of the kind we now take for granted.

We lost shipbuilding and most of our export manufacturing capability due to the actions of left-wing Labour Ministers and Trades Union barons who supported the sort of nonsense that Miliband propounds today.

We should be very worried indeed because history will repeat itself and those with short memories will pay.

John Gelmini