After a long, long weekend of hard negotiations and the brightest of finance ministers in the Greek government resigning, Alexis Tspiras was well and truly skewered. The IMF, ECB and EC demanded draconian measures that would bring tears to the eyes of even the bravest person. The Greek people are to be sold off like baggage; 50% of all assets owned by Greece (never mind the Elgin Marbles, that’s small change by comparison) will be taken by the Troika to be held in escrow and 50% used to bail out the banks. The other 50% used for investments. Wholesale privatisation of its public services, a rise in the age of retirement, although the agreement managed to stave off a reduction in pensions and an utter humiliation of the Greek people.
While Alexis Tspiras is busy trying to get all these laws enacted in his parliament in the space of 2 days ending at midnight 15th July 2015, the IMF concedes that Greece will need far more money than anyone could possibly imagine, need a total debt moratorium on debt payments for 30 years and subsidies.
Let’s be very clear, this is only the beginning of a financial war against the world by the bankers. The moratorium can only be considered by bankers because:
- The world’s banks are, by and large, bankrupt themselves,
- Money is worthless,
- Seizure of assets is more valuable than any currency, including gold,
- People don’t matter,
- Democracy doesn’t exist in any form
The sad thing is not a single politician has the balls to tell the IMF, ECB & Goldman Sachs who have instigated this whole scenario (Goldman Sachs fiddled the books to allow Greece to look more solvent than it was in the first place, which enabled Greece to join the Euro currency. They also did the same to Chicago which subsequently went bankrupt) to get out of Europe and take their trashy, worthless “money” with them, abandon the Euro which was always a bad idea as was the ERM mechanism. What is interesting is that Mario Draghi was appointed Governor of the Bank of Italy and was kicked out by the Italians as he was so unpopular. Mark Carney, another Goldman Sachs banker is employed by the Bank of England as Governor. At the risk of being accused of being paranoid is there a pattern here I need to be worried about?
It seems to me that the best thing the Greeks could do is to reject the plan wholesale, even if it means leaving the Euro currency. As I said in my previous article, Greece is lucky enough to be pretty much self-sufficient in terms of food and resources, so at least in that way it would be able to feed its population. In financial terms it would find it hard for a short while, but it would have the benefit of retaining its assets and being able to put in place mechanisms that would allow it to become prosperous in a few years’ time in the same way Iceland did.
For Europe to help itself it should lift sanctions against Russia and reinstate trading relations, kick US interests out of the EU, allow Greece to exit the Euro currency, but not the EU, stop any negotiations on TTIP, TiSa and any other transatlantic trade agreement with the USA, write off banker debts within Europe and have managed public services (not privatised) and public programmes.
To quote a report from the Associated Press “Greek public debt will spiral to 200% GDP over the next 2 years compared to 177% in an earlier report. The findings are explosive. The document amounts to a warning that the IMF will not take part in any EMU-led rescue package for Greece unless Germany and the EMU creditor powers finally agree to sweeping debt relief.”
In effect the IMF is saying it expects the Eurozone to put money into a bottomless pit without relief, which will ensure real austerity Europe-wide, leading to bankruptcy for the whole continent. Having ensured that Europe severed any notion of trading partnership with Russia, our closest trading partner, now wants to ensure subjugation.
If we thought TTIP was going to be bad, this is the real thing but without an agreement. This is outright financial war from which there can only be a very few winners. This is going to be more brutal than anything conceivable previously and we have to decide very quickly, do we want to become slaves to faceless bankers who play us like puppets with ideas of democracy, or do we want to have self-determination and the ability to achieve the things we have been told are possible and act accordingly. Inaction is not an option.