But it doesn't distract too many brain cells to comment on Armstrong's continued myopia on the manipulation the axis powers are doing by pretending to be antagonists. I wish someone would email this rebuttal to Armstrong and demand he justify his nonsense. I got tired of emailing him.
http://www.armstrongeconomics.com/archives/34968IMF Says Greek Debt Should be Foregiven
Even the IMF has come out now and warned that Greece may need a complete debt write-off. That is sending an economic earthquake through Europe for it undermines the political position of Merkel entirely. There is no doubt about this, Greece cannot pay and cannot raise taxes yet simultaneously still have any viable economy. This is the collapse of Socialism.
So why has the IMF turned around? If Greeks debt is not written off, the harsh economic conditions being imposed will merely send Greece into the waiting arms of Russia. This is now becoming political with the IMF agreeing with the Obama position.
What you need to understand is that the grand plan (further behind the curtain than Armstrong has access) has been ever since the Euro was created, is that the irreparable debts would be consolidated onto the entire EU balance sheet. The plan all along was a new world order government and financial system, with the 10 Kings regions from the Bible (European Union, Asian Union, North American Union, South American Union, etc) as the next step towards that goal.
So this above with the IMF, Russia, Merkel is just more of the usual Hegelian dialectic (a.k.a. good car salesman, bad car salesman) ploy wherein there appears to be antagonists, but in reality they are all just pretending and squeezing the masses in between a rock and a hard place so the ultimate result is towards the shared goal of TPTB in all regions and nations.
So the IMF will pretend to be the good guys, so Germany will be forced to accept unifying the debts of Europe in order to prevent Greece from falling to the bad guys Russia.
Sheesh, Armstrong is as gullible as a 5 year old sometimes.
Edit: this interview is illuminating:
http://www.newstatesman.com/world-affairs/2015/07/yanis-varoufakis-full-transcript-our-battle-save-greece