These Greek pensioners are going to be one of the many casualties of a very broken financial "experiment". As of this moment they still have a pulse, but if the Eurozone allows Greece to default this weekend (and they just may) then nature will take over and these faces will be one of the groups impacted by the coming tsunami of change. Of course, the groups that will benefit in Greece will be those that are currently suffering the most under the austerity imposed by the Troika, ie the tax-paying working/small business owners. Also be aware that many government workers currently sucking off the morass of EU imposed regulations will be impacted and change will not be accepted in Greece without profound pain.
Therein lies the problem. How do you create change without pain. It cannot occur. Right now the Greeks are being slowly killed by the cancer of an debt that cannot be serviced. The economy is being slowly strangled as a multitude of malinvestments created by decades of socialism/monetarism weigh heavy upon their country.
Greece is being fought tooth and nail by the globalist for several important reasons. As an economy, its relatively small, but in its acceptance into the Eurozone an inordinate amount of derivatives were created based upon its Currency/debt swaps to open the door into the club. Now, nature is calling and nature's call will be obeyed. Maybe not this weekend, but that really is no longer the key issue. The ECB has done everything they can to "ring-fence" the derivative bomb created by Greece's "acceptance" into the Eurozone. So, even if Greece blows this weekend and I give it a 60/40 chance, I don't expect a bank domino collapse to begin. THAT will be contained/paper-overed for now at least. I wouldn't even be shocked if gold was smacked down next week, especially if the dollar strengthens. What I do expect is the accumulation of actual physical gold by non-Americans will accelerate. The public and sovereign nations outside the Western-banking system smell trouble ahead and know that Greece is now irreparably broken and the World debt bubble is going to pop.......its now as Nomi Prins has said its only a matter of when. Even CNBS cannot find anyone of stature to come on and spew their mantra that "all is well".
Many of you feel "timing is everything" and have listened to the various predictions that have been linked here and debated here over the years and feel NOTHING is accurate and have concluded the PTB have indefinitely "fixed" the system or "ring-fenced" it and there power is so omnipotent that we will "muddle through". Good luck with that "ostrich in the sand" thought process. You're either cognitively impaired or "kidding" yourself. Zero interest rates.....a declining GDP......suicide demographics.......world wars........ completely corrupt governments and societies... all imply a day of reckoning will be coming. Timing may be what you focus on and it certainly would be nice to predict, but it really hasn't proven to be reliable in the current "walk to the precipice". What you and I should be focused on is what the "transition/other side" will be like.
I think a simplistic approach is the best ....."prepare for the worst" but maintain a "hope for the best" outcome.
I urge you to ask your friends and family simple questions such as "what would they do if their 70K/yr pension were cut by 80% in its purchasing power during the next couple of years. If that happened do they "have a back-up plan" or could their debt be serviced or could they just survive. Do you think the Greek pensioners might be asking that question right now. I'll bet they are. Do you think anyone you ask that question to here will take you seriously? I doubt it. I'll bet you that 8 years ago no pensioner in Greece would take that question seriously. Just one more note.... our total debt/ person in the U.S. is even worse than Greece's. We were called "sheep" for a good reason. gl