And On With The Great Game

Monday, June 18, 2012
By Paul Martin

Mark Grant
ZeroHedge.com
06/18/2012

It is the Great Game. They try to lure you into their various traps; I try to keep you out. They offer headlines from countless sources and I try to tell you what things really mean. They make use of a giant propaganda machine and I chant alone in the wilderness. They make up stories and present them as accurate data and I try to give you the facts. They want your money and I want you to “Preserve your Capital.” They are as diabolical in their pursuits as Professor Moriarty was in his. They are the political masterminds and I am a sort of Sherlock Holmes trying to analyze and conclude one case after the other. You may listen or you may not but I pay for my own supper while others ask for their compensation first. It is their Game, my Game; it is the Great Game.

“Has all my instruction been for naught? You still read the official statement and believe it. It’s a game, dear man, a shadowy game. We’re playing cat and mouse; cloak and dagger.”

-Sherlock Holmes, A Game of Shadows

The Great Game is not played by just being right; that is only the first part of the equation. Being right is fine for academicians and the like but not for our participants. The second part of the equation is to win. We play to win. I never play to come in second best or just to play for the sake of the sport. That is not what I do; not what we do. Some of you have time horizons that are the length of the day; that is not mine however. I look out, past the shadows, past the trees and out into the mist. I define the future by where I have been and almost four decades has given me plenty of time to have seen the twists of fate; much less the road. An astonishing amount of the win is the observation and the learning from the losses that have taken place.

Greece

Greece is buried and cannot survive in the chains that bind it. To be fair it is only partially the fault of Greece that the situation has gotten to this point. Greece took advantage of the European Union no doubt but the rest of the countries in Europe allowed Greece to keep borrowing and both sides are responsible for the fact that Greece is now behind the eight ball. Both sides should be ashamed. The chains can be removed but if not; one political party, another political party and she will sink into the Hellenic Hades of old. Anything short of this including the lengthening of terms will result in failure. Too many stones hold her down and she is sinking under the weight of what has been demanded either in terms of retribution or a well-intentioned blade meant to help that has severed her major artery. It is to be debt forgiveness or default and the resulting chaos I fear as there is no other prescription left for this patient. The ball is in Germany’s court now; relinquish or face defeat in Greece. Relinquish and face defeat at home. This is the eye of the hurricane. This is the Catch-22.

The Rest…HERE

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