One 77-year-old’s search for the truth: 9/11, election fraud, illegal wars, Wall Street criminality, a stolen nuke, the neocon wars, control of the U.S. government by global corporations, the unjustified assault on Social Security, media complicity, and the "Great Recession" about to become the second Great Depression. "The most important truths are hidden from us by the powerful few who strive to steal the American dream by keeping We the People in the dark."
Friday, June 26, 2015
The Greeks are like the Americans: Suckered into following the wishes of those who plan to take away their freedom and loot what ever wealth they may have left.
The Greek debt is unpayable. It is simply too large to be repaid.
The austerity that the EU and IMF have imposed on Greece has worsened
the problem by driving down the Greek economy, thus making the burden of
the debt even heavier. Despite the obvious fact that the EU’s
austerity policy is a failure and cannot succeed, the Greek “debt
crisis” drama continues.
A solution was possible at the beginning of the “crisis” prior to the
economy being driven down by austerity. The debt should have been
written down to the amount that the Greek economy could service or pay.
This traditional solution was unacceptable to creditors, to the EU, and
to the European Central Bank. As I explained in my book, The Failure of Laissez Faire Capitalism (Clarity Press, 2013) http://www.amazon.com/Failure-Laissez-Faire-Capitalism/dp/0986036250/ref=sr_1_1?s=books&ie=UTF8&qid=1435166756&sr=1-1&keywords=The+Failure+of+Laissez+Faire+Capitalism,
Greece’s creditors, the EU and the European Central Bank have agendas
unrelated to Greece’s ability to pay. The creditors are determined to
establish the principle that they can over-lend to a country and force
the country to pay by selling public assets and cutting pensions and
social services of citizens. The creditor banks then profit by financing
the privatization of public assets to favored customers. The agenda of
the EU and the central bank is to terminate the fiscal independence of
EU member states by turning tax and budget policy over to the EU itself.
In other words, the Greek
is being used to
create a precedent that will apply to every EU member government. The
member states will cease to exist as sovereign states. Sovereignty will
rest in the EU. The measures that Germany and France are supporting
will in the end terminate their own sovereignty, very little of which
actually remains as they do not have their own currency and their
foreign policy is subservient to Washington.
Default and a turn to Russia is the only possible way out for Greece.
The entire world would benefit from this course of action as Greece’s
departure from the EU and NATO would begin the unraveling of NATO,
Washington’s principal mechanism for creating conflict with Russia. In
the end, all of Europe and the rest of the world would thank Greece for
derailing the violence that will result from Washington’s effort to
assert hegemony over Russia.
As a Greek default and a turn to the East is the only workable
solution for Greece, the EU’s agents inside Greece have launched a huge
campaign against a Greek turn to the East.
I fear that the Greek people are too brainwashed to be able to avail
themselves of the opportunity to rescue themselves from the clutches of
the One Percent, who will drive the Greek population into the ground.
The Greek voters did not have sufficient judgment to give their current
government a large enough percentage of the vote for the government to
have any credibility with the EU and Greece’s creditors. What we are
witnessing in Greece is the failure of democracy due to the people