Here’s one more proof that the whole financial system is one big swindle.
The paper-based monetary system started with nothing, literally. It came into life just by virtue of an imposed agreement. Played with rosy promises, the whole system was put into action with deliberately complex layers of paper shuffling and mind-numbing plethora of financial gobbledygook to cover its empty, shallow foundation.
The Greeks are defying the British Empire dictated, one-sided bailout package as accepted by the Tsipras pseudo-Socialist government, by returning to the old cashless exchange of goods and services, i..e. bartering. This is obviously making the job harder for the local corporate Tsipras government by not being able to collect the necessary taxes to serve its imperial debt obligations.
This editorial appears in the July 24, 2015 issue of Executive Intelligence Review.
July 16—It was Queen Elizabeth II personally, who ordered German Finance Minister Schäuble’s virtual murder of the nation of Greece in Eurozone debt-summit negotiations over July 12-13.
Eurozone leaders demanded that Greek public assets be transferred to a Treuhand-like fund – a fire-sale vehicle similar to the one used after the fall of the Berlin Wall to privatize quickly, at great financial loss, and with devastating effects on employment all of the vanishing East German state’s public property.
Approximately $50 billion of Greek assets are to be sold out to obtain fiat liquidity in return. This is on top of the massive increase in tax rates and further reduction on its pension fund.
Even if all preconditions are to be followed this bailout agreement will never free Greece from its debt for the next 100 years because it is not designed to be so. This is a blatant raid on a sovereign economy.
It was unexpected when after the Greeks loudly said OXI, Alexis Tsipras instead acted as if he heard NAI [although, “nai” does sound more like Trojan “no”].
Now, the confused Greeks are hitting the streets once again. A deputy finance minister has also tendered her resignation from the government.
Tsipras is, of course, right; he had to call a referendum because the troika had delivered “an ultimatum towards Greek democracy and the Greek people.” Indeed, “an ultimatum at odds with the founding principles and values of Europe.”
The Euro and dollar are neck in neck. Unemployment is rampant and many are facing the crisis of whether or not to leave the EU to find work. Some would say there’s been no recovery at all. Especially those who followed the trail of the Troika-a group meant to help the economy but might have destroyed it.
For at least two times in a row, the new Greek government were folding their cards against the EuroGroup powerplay only to stage a very uncomfortable counter-offensive against the Nazis who cannot escape from their horrid past.
Feb. 18, 2015 (EIRNS)—What Americans need to know about Greece and “its debt,” is that the new Greek government is asking the European Union to shut down a huge Wall Street-London bank swindle and make economic growth possible again in Europe.