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Monday, May 30, 2011

Quote of the Day- 5/30/11

Today's quote of the day is more of a historic quote which I thought relevant being that the eyes of the financial world is on Greece this week.  I thought it would be interesting to share a snippet of how the US Govt. looked upon the nation of Greece back in the early 1970s when Nixon, then Ford were President and Henry Kissinger was Sec. of State under both men:

"The Greek people are anarchic and difficult to tame. For this reason we must strike deep into their cultural roots: Perhaps then we can force them to conform. I mean, of course, to strike at their language,  their religion, their cultural and historical reserves, so that we can neutralize their ability to develop, to distinguish themselves, or to prevail. Thereby removing them as an obstacle to our strategically vital plans in the Balkans, the Mediterranean, and the Middle East, to all this neuralgic territory of great strategic importance for us, for the politics of the USA."

-- Henry Kissinger, at the time of the Turkish invasion in Cyprus, while addressing a group of Washington, D.C. businessmen in Sept.1974, republished from Turkish Daily News in 1997.

Entities are trying to tame Greece in 2011- the American run IMF and the ECB...

To save its sovereignty and populace more pain, Greece should default.

Leadership won't..  No courage..  Too important that investors not get hurt..

But it should default.

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