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Greece – This Is What You Are NOT Being Told By The Media Monday,
July 6, 2015
According to mainstream media, the current economic crisis
in Greece
is due to the government spending too much money on its people that it went
broke. This claim however, is a lie. It was the banks that wrecked the country
so oligarchs and international corporations could benefit.
Every single mainstream media has the following narrative
for the economic crisis in Greece:
the government spent too much money and went broke; the generous banks gave
them money, but Greece
still can't pay the bills because it mismanaged the money that was given.
It sounds quite reasonable, right? Except that it is a big
fat lie … not only about Greece, but about other European countries such as
Spain, Portugal, Italy and Ireland who are all experiencing various degrees of
austerity. It was also the same big, fat lie that was used by banks and
corporations to exploit many Latin American, Asian and African countries for
many decades. Greece
did not fail on its own. It was made to fail.
In summary, the banks
wrecked the Greek government and deliberately pushed it into unsustainable debt
so that oligarchs and international corporations can profit from the ensuing
chaos and misery. If you are a fan of mafia movies, you know how the mafia
would take over a popular restaurant. First, they would do something to disrupt
the business – stage a murder at the restaurant or start a fire.
When the business starts to suffer, the Godfather would
generously offer some money as a token of friendship. In return, Greasy Thumb
takes over the restaurant's accounting, Big Joey is put in charge of
procurement, and so on. Needless to say, it's a journey down a spiral of misery
for the owner who will soon be broke and, if lucky, alive. Now, let's map the
mafia story to international finance in four stages.
Stage 1 - The first and foremost reason
that Greece
got into trouble was the “Great Financial Crisis” of 2008 that was the
brainchild of Wall Street and international bankers. If you remember, banks
came up with an awesome idea of giving subprime mortgages to anyone who can fog
a mirror. They then packaged up all these ticking financial bombs and sold them
as “mortgage-backed securities” at a huge profit to various financial entities
in countries around the world.
A big enabler of this criminal activity was another branch
of the banking system, the group of rating agencies – S&P, Fitch and
Moody's – who gave stellar ratings to these destined-to-fail financial
products. Unscrupulous politicians such as Tony Blair got paid by Big Banks to peddle
these dangerous securities to pension funds and municipalities and countries
around Europe. Banks and Wall Street gurus
made hundreds of billions of dollars in this scheme. But this was just Stage 1
of their enormous scam. There was much more profit to be made in the next three
stages!
Stage 2 is when the financial
time bombs exploded. Commercial and investment banks around the world started
collapsing in a matter of weeks. Governments at local and regional level saw
their investments and assets evaporate. Chaos everywhere! Vultures like Goldman
Sachs and other big banks profited enormously in three ways: one, they could
buy other banks such as Lehman brothers and Washington Mutual for pennies on
the dollar. Second, more heinously, Goldman Sachs and insiders such as John
Paulson (who recently donated $400 million to Harvard) had made bets that these
securities would blow up.
Paulson made billions, and the media celebrated his acumen.
(For an analogy, imagine the terrorists betting on 9/11 and profiting from it.)
Third, to scrub salt in the wound, the big banks demanded a bailout from the
very citizens whose lives the bankers had ruined! Bankers have chutzpah. In the
U.S.,
they got hundreds of billions of dollars from the taxpayers and trillions from
the Federal Reserve Bank which is nothing but a front group for the bankers.
In Greece,
the domestic banks got more than $30 billion of bailout from the Greek people.
Let that sink in for a moment – the supposedly irresponsible Greek government
had to bail out the hardcore capitalist bankers. Stage 3 is when the banks
force the government to accept massive debts. For a biology metaphor, consider
a virus or a bacteria.
All of them have unique strategies to weaken the immune
system of the host. One of the proven techniques used by the parasitic
international bankers is to downgrade the bonds of a country. And that's
exactly what the bankers did, starting at the end of 2009. This immediately
makes the interest rates (“yields”) on the bonds go up, making it more and more
expensive for the country to borrow money or even just roll over the existing
bonds. From 2009 to mid-2010, the yields on 10-year Greek bonds almost tripled!
This cruel financial assault brought the Greek government to its knees, and the
banksters won their first debt deal of a whopping 110 billion Euros. The banks
also control the politics of nations. In 2011, when the Greek prime minister
refused to accept a second massive bailout, the banks forced him out of the
office and immediately replaced him with the Vice President of ECB (European
Central Bank)! No elections needed. Screw democracy.
And what would this
new guy do? Sign on the dotted line of every paperwork that the bankers bring
in. (By the way, the very next day, the exact same thing happened in Italy where the
Prime Minister resigned, only to be replaced by a banker/economist puppet. Ten
days later, Spain
had a premature election where a banker puppet won the election). The puppet
masters had the best month ever in November 2011. Few months later, in 2012,
the exact bond market manipulation was used when the banksters turned up the
Greek bonds' yields to 50%!!! This financial terrorism immediately had the
desired effect: The Greek parliament agreed to a second massive bailout, even
larger than the first one. Now, here is another fact that most people don't
understand. The loans are not just simple loans like you would get from a
credit card or a bank. These are loans come with very special strings attached
that demand privatization of a country's assets. If you have seen Godfather
III, you would remember Hyman Roth, the investor who was carving up Cuba among his
friends. Replace Hyman Roth with Goldman Sachs or IMF (International Monetary
Fund) or ECB, and you get the picture. Stage 4 - Now, the rape and humiliation
of a nation begin under the name of “austerity” or “structural reforms.” For
the debt that was forced upon it, Greece had to sell many of its
profitable assets to oligarchs and international corporations. And
privatizations are ruthless, involving everything and anything that is
profitable.
In Greece, privatization included water, electricity, post
offices, airport services, national banks, telecommunication, port authorities
(which is huge in a country that is a world leader in shipping) etc. Of course,
the ever-manipulative bankers always demand immediate privatization of all
media which means that the country gets photogenic TV anchors who spew
establishment propaganda every day and tell the people that crooked and greedy
banksters are saviors; and slavery under austerity is so much better than the
alternative. In addition to that, the banker tyrants also get to dictate every
single line item in the government's budget.
Want to cut military spending? NO! Want to raise tax on the
oligarchs or big corporations? NO! Such micro-management is non-existent in any
other creditor-debtor relationship. So what happens after privatization and
despotism under bankers? Of course, the government's revenue goes down and the
debt increases further. How do you “fix” that? Of course, cut spending! Lay off
public workers, cut minimum wage, cut pensions (same as our social security),
cut public services, and raise taxes on things that would affect the 99% but
not the 1%. For example, pension has been cut in half and sales tax increase to
more than 20%. All these measures have resulted in Greece
going through a financial calamity that is worse than the Great Depression of
the U.S.
in the 1930s. After all this, what is the solution proposed by the heartless
bankers? Higher taxes! More cuts to the pension! It takes a special kind of a
psychopath to put a country through austerity, an economic holocaust.
If every Greek person had known the truth about austerity,
they wouldn't have fallen for this. Same goes for Spain,
Italy, Portugal, Ireland and other countries going
through austerity. The sad aspect of all this is that these are not unique
strategies. Since World War II, these predatory practices have been used
countless times by the IMF and the World Bank in Latin America, Asia, and Africa. This is the essence of the New World Order — a
world owned by a handful of corporations and banks; a world that is full of
obedient, powerless debt serfs. Dear Greece, know that the world is
praying for you and rooting for you. This weekend, vote NO to austerity. Say
YES to freedom, independence, self-government, sovereignty, and democracy. Go
to the polls this weekend and give a resounding, clear victory for the 99% in Greece, Europe,
and the entire western world. So, it's time for the proud people of Greece to rise
up like Zeus and say NO (“OXI” in Greek) to the greedy puppet masters,
unpatriotic oligarchs, parasitic bankers and corrupt politicians. Update: In
Sunday's referendum a total of 6.16 million Greeks (62.5 percent of eligible
voters) voted and more than 61% of Greeks said “NO”! |
