Thursday, February 19, 2015

Pro Bono

Hudson: That's it, man. Game over, man! Game over! What the fuck are we gonna do now? What are we gonna do?
Burke: Maybe we could build a fire, sing a couple of songs, huh? Why don't we try that? 

Aliens, 1986

Certainly the Syriza government in Greece doesn't need my advice, my free advice.  The government has the world's smartest man as minister of finance, loads of academics staffing offices high and low, and the crème de la crème of investment banking groups. Lazard, advising it on matters of debt management, fiscal programs, and fashion policy. But being ever so positive, cheerful, helpful,  and unsectarian, I just have to help.  Sue me

Because there's this report from the BBC.  Apparently, Herr Rollerblade playing bad cop to... well to nobody's good cop has wheeled away from the bargaining table killing floor.

Greece was playing for time, believing after all that time is money.  Unfortunately, older more experienced players agreed.  "Indeed," said Wolfgang, "and you're out of both."

So here are a couple of suggestions for Yanis and Alexis.  One- whatever you're going to do, do it quick.  Two-  slap immediate capital controls on all institutions, corporations, and individuals freezing the movement of funds, securities, deeds, titles to properties out of Greece.  Three-- once the controls are in place, repudiate the debt in its entirety.  Four-- end participation in the IMF, World Bank, NATO etc.

Before anybody catches his or her breath,  neutralize the armed forces by compulsory enrollment of all ranks below that of sergeant into a workers union of enlisted personnel.

Then call upon all citizens between the ages of 18 and 34 to enlist in the military on a "reserve" basis.

Break not only your use of the euro, but any peg of your new currency to the euro or the dollar.

Best advice you'll ever get.

February 19, 2015

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