"Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with a flick of a pen they will create enough to buy it back."
-Sir Josiah Stamp, former President, Bank of England

And finally, the cogs of endless credit that have been slowly crushing the lifeblood out of the Greeks are grinding to a halt. The oil of unlimited liquidity supplied by their neighbours with new cars or airports to sell has dried up, the ornate carriage has turned back into a pumpkin and Cinderella is back with the ugly sisters of poverty and serfdom.

The ugly Betty of Europe has been slapped back down and is now left with no choice but to default on those who plied her with endless makeover sessions and designer outfits. Already, cousin Spain has been rumbled and the Iberian Banks are being emptied of cash - expect Italian and French banks to follow shortly. The newly created middle classes of the Mediterranean, formed from the well worn mold of industrious Tuetonics are about to vanish back into the Tavernas and dusty smallholdings from whence they came.

There need be no panic; Greece is merely treading a well worn path of bankrupts. Argentina, Mexico, Turkey, Russia, Brazil all tried to create "middle classes" and failed, resorting to printing the money to feed the masses whilst stealing their savings and rendering the currency in their pockets worthless. Of course, the rich will remain unaffected, along with the poor who were never part of the plan anyway but those upstarts who sought to better their lives will be stamped on for ignoring the natural order.

Yes, a few banks will go to the wall (or be snapped up by those with deep pockets), debts will be handed back to wealthy taxpayers from Northern Europe and Socialists and Conservatives will both rub their hands with glee as populations of the disaffected swell the ranks of their parties in the futile hope that the very same Politicians who got them into this mess can get them back out again. It is no coincidence that internal borders within the EU are being slammed shut once more as unshaven Greeks and bedraggled Romanians decide to head North to enjoy the endless welfare benefits our children will be forced to pay for.

And what will our Political masters have learned? Will the architects of all of this see the flaw in their constructions? Will they hell. As the dust settles around the Acropolis and the last Euro note is withdrawn from an Athens cashpoint, the great and the good will be scheming on the next masterplan to take power over the people by simply promising them someone else's money, to be paid back whenever, by whomsoever - after all, it never fails to get them elected