Well, what this all boils down to is who is going to control civilization--the people, or tiny coteries of politician/gangsters.

Since we know that the gangsters will not and cannot run civilization properly, it's going to have to be the people. Greeks are going to have to take control of their money, its creation, its form, and all aspects of its use.

But how? How can people take control unless they organize themselves in interest groups which delegate and see that the job gets done?

But wasn't that what the present Greek government was supposed to do? Well, the present Greek government is not doing it, so what is to be done?

The only way I see out of this is the termination of the present government and radical decentralization.

What ought to replace it could barely be called a "government" at all. It would be what Mises suggested in his book "Liberalism": various polities, large or small, independent nations, wherever enough populations for plebiscites can be held, with no "centralized" body controlling the entire territory of "Greece." There could be 50 or 100 Greek speaking countries, it makes no difference.

Within them, what passes for government would be a few elders and sheriffs scattered around whom the people hardly even notice as they go about their daily tasks of producing and consuming, buying and selling.

In such new states, there would be:

No perpetual war.
No police state.
No debt slavery.
No vast bureaucracy,

Just people interacting, trading, producing and consuming. The only difficult task remaining would be to squelch the minority of aggressive megalomaniacs who dedicate themselves only to power, riches, and conquest, and who refuse to leave their neighbors in peace.

Libertarian Jerry, that sums it up nicely - as horrible as it is true. My belief is that remediation can happen only when the unholy mess uterly collapses, which it certainly will. But you can bet the process will be hellish for everyone. When that time comes, which seems feverishly imminent, I wouldn't want to be unprepared. Expect the worst.

I have observed,over the past several decades,that paralleling the growth of the size and scope of the government has been the equal growth of the surveilance state. What the elites have done is to make America into an economic police state. As firearms in the possession of citizens is one of the last bulwarks against tyranny so is the "underground" ecomomy." "Off the books" or underreported "income" has kept many people and small businessess from bankrutcy and allowed people to survive economically. What is noticed is that the spokesmen for the State and the Mainstream Media villify people trying to hold onto the fruits of their labor as criminals or illegal "tax Protesters" or people not paying their "fair share" or other kinds of wicked and terrible "acts of selfishness." Observe the same kind of rhetoric used against gun ownwers calling them "gun nuts" or "gun crazies" or other such vile names. The Establishment Elites and political class have bankrupted America with a Welfare/Warfare State that has destroyed the American Economy as well as the American Dollar. So today these same eltes are now desperate for resources to keep their Ponzi Scheme going. In the end they will bleed the productive people in America white and at the same time disarm people so that they cannot protect themselves from the parasites who wish to steal their wealth. As Margeret Thatcher once said "Socialism works until you run out of other people's money." Today the Political Class has run out of other people's money and will do what ever it takes to squeeze the last penney out of every productive persons wallet. In order to do this, productive people have to be numbered,cataloged and spied upon to extract every cent out of them. Welcome to the world of the Economic Big Brother.

Hi bionic mosquito,

turn the letter "f" in "fractionable" topsy-turvy. Now you can say technology is here (-:

The Greeks are engaged in an interesting commie/socialist experiment: squeezing the last drop of blood from the turnip. Oh, and so too have the politicians, media, entertainers and others holding the same beliefs. Greece will fail just as have ever other political scheme that imposes the loot A to satisfy B. The Greeks are a beacon of what is to come in Amerika. For those who are not so blind that they refuse to see, there is time to prepare and those who don't prepare will be toast. Ignorance is bliss but it leads to the abyss.

Hmmm... let's see if anything turns out from the new parliament decision. Big Greek Wedding (-:

And a continuous one!

"And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name." Rev 13:17

Someone needs to say it ...

If cash can be eliminated your life will depend on your debit card. No bank account no food. If sombody says that sombody said that you spoke against The Party your account will be closed.

The only difference between a currency consisting of irredeemable paper, and a currency consisting of irredeemable electronic blips is the anonymity aspect of paper currency.

DB: Now that the technology is here, everyone is to pay in digital currency and all transactions will therefore be available for tax.

EPJ: They want to monitor every transaction you make and they want to monitor you.

BM: There is a further benefit to the bankers / elite (not to discount the benefit of tracking): the only action individuals can take to negatively impact the base for fractional reserves is to hold and transact in physical cash.

Conversely, the bankers would prefer all transactions to be electronic - in this way, the banks hold the digits, as opposed to individuals holding the cash. As long as the banks hold the digits, they can play the fractional reserve game.