Artistry and reality.  On the Upcoming Economic Suicide of
Greece  "Debts that can’t be paid won’t be paid."  -Dr. Michael
Hudson, Economics Professor at University of Missouri at Kansas
City.  I thought I’d lead this post with a quote from one of the
few economists who actually predicted the current economic
crisis in advance, in a profession of over 5,000.  The
recent resignation of Greek Prime Minister Papandreou coincides
with the emergence of the news that no referendum for the Greek
people to accept or reject economic suicide will be forthcoming
after all.  Though this news has been cheered and has led to
mild optimism in financial markets and in the rhetoric of the
financial and political elites of Europe (German and French
banks and their political allies), it actually will only deepen
the crisis when Greece inevitably leaves the Euro.  The “rescue”
package that would have been voted on in the scrapped
referendum, as I laid out in my first Class Conscience post,
will only further depress the Greek eco