RANCID GREESE

ONCE GREASE TURNS EVEN A BIT RANCID IT CAN CAUSE DRAMATIC ILLNESS AND A GREAT CASE OF THE FLUX.
GREECE THE BIRTH PLACE OF DEMOCRACY AND PHILOSOPHICAL THINKING HAS ALLOWED ITS SOCIALISM AND ENTITLEMENTS TO TURN THEIR GOVERNMENT AND COUNTRY RANCID. AS WITH GREASE, GREECE CAN NOT BE MADE CLEAN AND FRESH IT WILL NEVER HAPPEN.
WHY IS THIS OF CONCERN TO THE WORLD?
IT APPEARS THAT GREECE WILL DEFAULT ON IT'S DEBT. THIS DEBT IS OWNED BY MANY MAJOR BANKS IN MANY COUNTRIES.
GREECE'S SOVEREIGN DEBT IS HELD MOSTLY BY THE FOLLOWING COUNTRIES.IN ORDER OF THE AMOUNT:GERMANY, FRANCE, U.K., ITALY, BELGIUM AND THE U.S..
GREEK BANK DEBT IS MOSTLY HELD BY BANKS IN THE FOLLOWING COUNTRIES: U.K., GERMANY, FRANCE, U.S., SWITZERLAND AND JAPAN.
GREEK BONDS ARE HELD MOSTLY IN: PENSION FUNDS, MUTUAL FUNDS, GREEK BANKS, FOREIGN BANKS AND INSURANCE COMPANIES. ALL OF THESE BOND HOLDINGS ARE 35 TO 55 BILLION EUROS.
GREECE HAS GIVEN THEIR CITIZENS SUCH EXCELLENT FREE CARE AND ENTITLEMENT PROGRAMS THAT THEY CAN NO LONGER THINK OR WORK FOR THEMSELVES. THOSE GREAT THINKERS WHO FORMED DEMOCRACY AND FREE THINKING HAVE BECOME THE CONTROLLED DULLARDS OF TODAY.
GREECE CAN NO LONGER AFFORD FOOD AND FUEL SUBSIDIES, FREE MEDICAL CARE, FREE LONG VACATIONS AND SUBSIDIZED TRANSPORTATION. THE FREE LOADERS ARE RIOTING FOR STUFF WHICH THEY HAVE NEVER WORKED FOR OR CONTRIBUTED.
ONCE GREECE DEFAULTS, MOST OF EUROPE WILL REALIZE THAT THE SOVEREIGN DEBT, BANK DEBT AND BOND WHICH THEY HOLD WILL BE WORTHLESS.
THE COUNTRIES AND INSTITUTIONS HOLDING THIS DEBT WILL BE DOWNGRADED IN THEIR CREDIT RATINGS THUS MAKING IT MORE DIFFICULT TO SELL THEIR OWN BONDS AND LOANS WILL BE GIVEN AT HIGHER MORE DEBILITATING RATES.
THIS COULD EFFECT NEARLY ALL OF EUROPE AND THEIR SOCIALIST PROGRAMS.