As you have no doubt heard by now, Greek PM, the G’Pap, called for a “citizen’s referendum” to decide whether or not to accept the bailout package offered by the Euroscum last week. You would think this would be considered a wonderful thing – imagine, the citizen’s of Greece deciding the path and future of their country. But that’s not how Euro leaders and the banking cartel see things. Euro leader after Euro leader have denounced the G’Pap, claiming the referendum is “dangerous”, it “threatens all of Europe”, it “doesn’t help!”
Grow a pair, ya bunch of nutless Euroweinies.
Even though Greece is a basket case and deserves every financial hit that’s coming to it, The Mayor is actually impressed that the G’Pap is giving Greek citizens’ the opportunity to participate in Democracy. Because that’s what this is all about when all is said and done. If the Greek’s turn down the bailout package, Monday night football will still be played the following Monday. If they say yes to the bailout, Monday night football will still be played the following Monday. The world won’t end either way.
Let’s say the Greek’s say no to the bailout and Greece defaults, what does that mean for you? Nothing. It’ll mean nothing. However, it’ll be a good kick in the groin to big banks around the world as well as bond holders.
You see, the big banks and the bond holders took a chance by buying Greek debt. If Greece defaults, they lose. You don’t lose, THEY lose. If the Greeks say yes to the bailout, these big banks and bond holders will be covered. By the taxpayer. Greek’s say no, banks and bond holders lose. Greek’s say yes, taxpayers lose and banks and bondholders win. Read that again. And again. Now go read that again.
But, but, but, Europe could fall apart! Then let it.
The big banks and bond holders took a chance on a crappy country and should lose if they default. Taxpayers shouldn’t lose. If you go to the casino tonight and bet all your money on red 34 at the roulette table and lose, that’s tough. YOU pay, not me. Same with the banks and bond holders. They should have been smarter. But to expect taxpayers to fund their bad decisions? Eat me.
The Greek referendum is a good thing – it’s democracy in action. And that’s why the nutless Euroscum hate it.