Randal M. Bundy Weekly Column - The RMBNews Report ®
Greece is now in an Economic Death Spiral
by Randal M. Bundy - 4 June 2015
We are all seeing right now before our eyes is the The Economic Death Spiral of Greece which was actually predicted long ago by Economic Experts but they still
to the day refuse to
acknowledge that their failure is due to their embracing of Socialsm
which began in the days of their grandfathers. As a direct result
Greece now has (a) - No Economic growth, (b) - higher unemployment
(c) - a debt level rising further to 180% of gross domestic product.
(d) - a flood of illegal aliens and refuges all
consuming their welfare programs and social benefits, while returning
absolutely "Nothing" to the nations economy in the way of taxes or
spending in the local economy, becasue of
the EU demands imposed upon Greece as they have for all countries
in the EU in order to destroy any sense of National, Racial or Ethnic Identities of the European people.
Alexis Tsipras, Radical Socialist Greek Prime Minister
Tragically the Greek people still
do not "get it". Long ago people like me were ignored when we
argued that Socialism was in fact the core root problem that would
be the death nail of Greece
and any other country or society that embraces it as an ideology,
economic principle or form of govenance. Along with that
leftist-liberal metality of socialism has also come:
(1) - Uncontroled and Frivolous Spending,
(2) - Unlimited Taxation upon the people, thus destroying entrepreneurial incentive
(3) - Demonizing, Persecuting and thus discouraging Entrepreneurship and the Freemarket Enterprise.
(2) - Allowing Illegal Aliens and refugees to flood your country and live off of your welfare programs
This and much more is what eventially comes from Embracing Socialism.
Eventially you run out of other people's money. People who
have for the most part actually worked hard to earn it.
In the past elections the Greek people elected to their highest office,
a Radical Socialist, Alexis Tsipras. Tragically the
majority of the Greek people still do not understand the core root of
their economic problems.
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