What Greece (and the rest of the world) is short on isn't money. It's short on energy. And because of the musical chairs game of fractional-reserve banking and interest-bearing debt, Greece is just the first in a long line of inevitable "losers."

Tough or as inconvenient as it may be, one can live without money. But you can't live without energy. In short, money at its core is a proxy for energy.

Is Greece Planning to Print Energy?

Can these new Greek gods (minus the ties) conjure energy
from thin air?

Over the past couple of months the story keeping many people on the edge of their seats has been the ongoing dilemma of Greece's detested debt burden, its Great Depression-worthy 25% contraction of its economy, and its voluntary or even forced withdrawal from the eurozone – the fabled "Grexit."

For about five years now, heavy austerity policies (cutbacks in government spending) have contributed to what is being described by some as a "humanitarian crisis." As per stated in the conditions of €240 billion in loans that Greece has received over these years, the Greek government has had to significantly cut back on expenditures, which has included laid off government workers, reduced pensions, a gutted minimum wage, and the selling of state institutions. Partially as a result of this, general unemployment is a bit above 25% while youth unemployment is at nearly 60%; suicide rates are up by 35%; rates of divorce, depression, children suffering from malnutrition, children suffering from physical and emotional abuse, and hospitals lacking basic equipment and medicines are all up; infant mortality has increased 43%; and married women are begging brothels to let them work, but who are then turned away because, well, it's apparently illegal to sell oneself for sex if one is already betrothed.

Nonetheless, and to the acclaim of many alternative media outlets, late-January saw the stunning election-win of what is called a far-left political party, Syriza. The prime mandate on which it was voted in on by the Greek electorate was to reverse the five-year policy of austerity and to essentially tell its Troika creditors (the European Union, the European Central Bank, and the International Monetary Fund) to shove it where the sun don't shine.

With Syriza promising to repeal all the aforementioned discomforts, accolades came pouring in, possibly the most astoundingly hyperbolic drivel coming from the online magazine Truthdig.

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Money, the People's Proxy

Calling it "energy" instead of "bread" probably wouldn't earn you as many cool points

In my previous post I drew some parallels between energy and money – and more specifically, energy and banking – and pointed out that when money is at stake, the presence of energy is likely lurking somewhere in the shadows. It was mostly hypotheses and observations I was throwing around about energy and banking, but when it comes to energy and money, one can hardly overstate the connection.

Take an Economics 101 class, however, and not only will it be very unlikely that you'll ever hear of energy mentioned in a context besides that of a random commodity within the supply and demand workings of the "free market," but what you will likely hear is that, gosh darnet, money is an efficiency-laden tool that we humans came up with 'cause we're just so darn smart! As the story goes, money was ingeniously invented with three primary roles in mind: (a) a medium of exchange, (b) a store of value, and (c) a unit of account. Otherwise put, it (supposedly) has absolutely nothing to do with energy.

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