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mk  ·  4522 days ago  ·  link  ·    ·  parent  ·  post: The eternal cycle: democracy, oligarchy, aristocracy
This is being dictated by financial proxies euphemized as technocrats. Designated by creditor lobbyists, their role is to calculate just how much unemployment and depression is needed to squeeze out a surplus to pay creditors for debts now on the books. What makes this calculation self-defeating is the fact that economic shrinkage – debt deflation – makes the debt burden even more unpayable.

Hello Greece and Italy.