Private owners of Greek bonds saw their investments halved yesterday.
Devaluing the currency is the modus operandi of the elites as they reach into their bag of tricks to stave off collapse. It will be coming to America soon. They have no choice.
Lacking the will to cut off the hand that feeds them — the fascist corporatocracy that siphons off bailout funds as fast as the Federal Reserve can print them — politicians will turn where they always turn: to the pockets of their subjects.
The devaluation will be preceded by hollow promises that such a move isn’t being considered. Then, in the dead of night, or over a long weekend, a zero or two will be added to the currency.
Desperate governments do desperate things. There is precedence for this throughout history.