I simply cannot stress enough how important Greece is to freedom, liberty and civilization across the globe. Greece is not a one-off, or merely a small nation in big trouble that holds little relevance for the rest of us. Greece is everything.
What is happening to Greece follows the exact same game plan of what will eventually happen to every other supposedly sovereign nation. First there is an explosion of debt. Then a crisis. Then a bailout. Then creditor imposed hardship is forced upon the average population, in conjunction with unlimited bailouts for the bankers and other oligarch criminals. Finally, when a public which mistakenly believes it is living in a democracy exercises its right to national sovereignty, the sad truth is exposed. They are not a people living under a free political system.
– From last year’s post: This is Sparta – 1,000 Bitcoin ATMs are Coming to Greece
A recent German study just confirmed what 11 million Greeks already knew. That they are a people fully conquered by criminal mega banks and the corrupt politicians and technocrats in their employ.
Get ready for another epic screw job this summer.
From Ekathimerini:
Some 95 percent of the 220 billion euros disbursed to Greece since the start of the financial crisis as loans from the bailout mechanism has been directed toward saving the European banks. That means about 210 billion euros was eventually channeled to the eurozone credit sector while just 5 percent ended up in state coffers, according to a study by the European School of Management and Technology (ESMT) in Berlin.
“Europe and the International Monetary Fund have in previous years mainly saved the banks and other private creditors,” concluded the report, published yesterday in German newspaper Handelsblatt. ESMT director Jorg Rocholl told the financial newspaper that “the bailout packages mainly saved the European banks.”
The economists who took part in the study have analyzed each loan separately to established where the money ended up, and concluded that just 9.7 billion euros – less than 5 percent – actually found its way into the Greek budget for the benefit of citizens.
“This is something that everyone suspected, but few people actually knew. That has now been confirmed by the study.
For related articles, see:
Yanis Varoufakis Reveals – Berlin Blocked Greece From Chinese Funding During Crisis
“This is a Coup” – The Story of How Greece Lost Democracy
This is Sparta – 1,000 Bitcoin ATMs are Coming to Greece
Yanis Varoufakis on “Europe’s Vindictive Privatization Plan for Greece”
Yanis Varoufakis Issues a Major Warning to the Greek People
In Liberty,
Michael Krieger
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There aren’t tens of millions of Greeks
Sorry, 11 million Greeks.
Welcome to new version of democratic socialism – printing/corporate welfare is for everyone – but only for those who we will pick. Free speech is also for everyone unless you disagree with what is happening. Everyone is earning their share in this crony capitalism unless they are banks and big corporations – this is what happens in Spain. Blaming the failures of bureaucratic, crony semi-socialist, heavily indebted system on the voluntary exchange (free market capitalism) has no valid logic in it.
More facts, more research, less manipulated markets, less politics in economy: http://independenttrader.org/trader21-lecture-presented-at-fx-cuffs.html
Just a thought:
Countries as political and territorial entities are not immortal.
In 1919 Lloyd George announced “There is no more Austro-Hungarian
Empire!” And as a part of a treaty it went out of existence.
The treaty of Paris brought the USA into existence and this was confirmed by the treaty of Ghent.
Any treaty may be rescinded.
Greece can as its present polity can also “cease to exist”. Following an interregnum of say an hour the Confederation of Hellenic City States can come into existence by a treaty signed by all the regions of the defunct state.
Building firms do this all the time by going bankrupt and setting up again the next day.
With recognition by existing states the Hellenic Confederation would be a new country with no liabilities as it has issued no bonds.
They may not even have to do this. Just say they might if those vampirical bond holders are not prepared to take a haircut to a level where debts are actually repayable once the Greek depression is over following Marshall style aid from Germany.
Alternatively Greece can renege on its 1946 waiver of German debt and demand repayment with interest.
Serfdom necessitates peasant revolts and the overthrow of any rentier tyranny.
This is how central banking works! It has been the end game from the beginning. They “lend” no asset of their own, but collect interest on a “debt”. When this so-called debt has swamped nations, as it eventually will with compounded interest and corrupt politicos promising the moon, the banksters swoop in and claim the real assets. This is not only the inevitable result of central banking, but is its intent and goal.
How long will it be before the Acropolis is transferred to the Troika? Who will really own it then? One thing is sure, it won’t be the Greeks.
The only solution is to default, in other words, to rise up and throw off the lies and parasitism of central banking.