Varoufakis explains the problems with Grexit:
The Money Quote:
"To exit, we would have to create a new currency from scratch. In occupied Iraq, the introduction of new paper money took almost a year, 20 or so Boeing 747s, the mobilisation of the US military’s might, three printing firms and hundreds of trucks. In the absence of such support, Grexit would be the equivalent of announcing a large devaluation more than 18 months in advance: a recipe for liquidating all Greek capital stock and transferring it abroad by any means available."
Greeks needed a secure card that could maintain and exchange balances inside the card and between cards without human tampering, an intelligent version of the Euro ECM card. Then they have simple method of adding a new currency to the currencies already supported, digitally. This is called mimicking cash for the less intelligent Silicon Valley engineer.
Google engineers were too stupid to figure this out? Especially with me talking about it for a year? Dump Google stock, buy CardLogix, CardLogix knows how to mimic cash.
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