Orderly Default or The Killing Fields of Greece and Beyond

David Malone, the author of The Debt Generation explains the mechanism of stripping Greece off the assets – “Orderly Default” – Liars lexicon. In this context it is important to understand the big picture. Chinese already own Africa, they are planning a railroad in Columbia to rival the Panama Canal, looking at the agricultural lands in Brazil and the oil fields of Alberta. They are now on pace to clean Europe in the fire sale. Here is a snippet from Stratfor via Sean Kerrigan:

“It presents opportunities for other countries to gain assets at below market value… Greeks see the forced privatization drive as a loss of sovereignty and a plot by Berlin to cheaply acquire control of lucrative companies. China would use the Greek ports of Piraeus and Thessaloniki to bring its goods to the Balkans, former Soviet countries like Ukraine and Belarus, and Central European EU states like Hungary, Slovakia and Poland. Russia is interested in using Greece to block a key European alternative route for natural gas supplies.”

The port of Athens is already a “China Town”, as they call it there, after the takeover by the Chinese state container company Cosco, and now they want Thessaloniki. That port has a nostalgic value because it was run, like the town itself by the Jewish community before they were shipped off to Auschwitz. Speaking of which there is another poignant post by David Malone that sums up the situation beyond Greece – The Killing Fields.

Tagged as: china, economy, europe, greek, politics, recession