A Defiant, Yet Desperate Leap Into the Dark
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It is now 100% clear to everyone that the European people, and specifically the Greek people, are almost unified in their resistance to further auster
[See the full post at: A Defiant, Yet Desperate Leap Into the Dark]Interesting that the majority of Greek voters would still want to remain in the Euro Zone, even while they vehemently protest the austerity measures imposed by that Euro Zone. Meanwhile, a number of insightful bloggers advocate Greece’s complete withdrawl so that it can start over, with a clean slate, despite some rather extreme, short-term pain (e.g., hyper-inflation under a new Drachma). Then I read this comment on Zero Hedge that I think has some merit:
“Greece pulling out of the euro and printing drachmas and saying to the IMF and ECB, the holders of its remaining debt, go to hell ACCOMPLISHES NOTHING.
The ECB and IMF can ignore their statement and carry the debt and compound it. Forever.
They can’t escape it by saying “we aren’t paying”. That doesn’t work. They owe the money and they will pay or it will be collected by confiscating goods they might ever export. The EU could put a special tax on any oil allowed into Greece. There are many things that can be done to collect the debt.
They can’t just walk in front of a microphone and declare that they default and think that the debtors have to accept that.
There is no EU charter mechanism for leaving the Euro or the EU. Either voluntarily or involuntarily. The debt they owe is in Euros. They can’t print drachmas and pay it because the debtors will refuse that and demand payment in Euros.
None of this is going to work. This is all posturing.”
I do agree that, if Greece is the first to leave, the rest of Europe will punish Greece mercilessly so as to make it an example to any other EU country that wants to try the same thing. A defiant exit has to look like the “wrong” thing to do, not the right thing to do. But even after they have made an example of Greece, I can see the EU choking Greece to get its money back. Greece cannot survive alone in this world.
At the same time, there is some conjecture that Germany wants Greece to withdraw, so that it can be rid of the place without having to actually be the “bad guy” and boot Greece out. I still don’t see them willingly letting Greece walk away from the debts though.
What a financial Tower of Babel the world has become. Politicians talking endless amounts of incoherent babble, central bankers printing money and rigging markets, citizens taking to the streets with rage and disgust. Something has to be done quickly and decisively to restore order and sanity. They say necessity is the mother of invention, I cannot think of a time when the world needed a respected leader and a new economic idea to arrive on the scene. Austerity and endless political babble meetings have proven their worthlessness as solutions.
In retrospect, so glad to have made a move out of the de-industrialising world’ into a rural area of Costa Rica and started farming. My neighbors are more concerned with tending their crops, herding their cattle and goats and occasionally getting drunk and dancing. Slowly attracting like minded refugees from the simmering cauldron. http://www.puebloverde.org
It is as simple as stepping in front of a microphone and saying “no mas”(or whatever the Greek equivalent is). At the end of the day the creditors of Greece are going to have 2 choices, accept repayment in drachmas or in RAGE fueled lead.
History shows creditors almost always choose Pb and war over debauched currency.
skipbreakfast raises a valid point, Greece owes big time and to multinational entities that don’t accept being stiffed. That said, the scale of the debt mountain is going to take everyone down. I don’t think many people realize that that Fiscal compact Merkel is so keen doesn’t just mean reducing fiscal deficits, it requires paying down national debt to GDP ratio back to the 60% level the original Maastricht Treaty envisioned and doing it over the next 20 years!
The pro growth faction is also dreaming. There is no economic policy that one can implement that is going to create 4 or 5% GDP growth unless it is pure inflation. That might solve the debt problem but not the standard of living one. Europe saw its labor force peak last year and its young are unemployed. What you have is an aging protected labor force heading off into retirement leaving nothing but debt and unemployment in their wake. They’ve sucked the wealth from their socieities and its basically all over save for the shooting.
There isn’t enough money in “Main Street” to pay back Big Finance Capital because the monetary system has been weaponized by the inclusion of eternal usury and trillions in bailouts.
The flow chart looks like this…
https://www.keepandshare.com/doc/3325954/debt-dollar-tyranny-2-54k?tr=77
Keep and Share is a PDF hosting site – there is nothing special about it. If you are worried about it, google it for problems.
The criminal monetary system Architect class (George Carlin’s “The Owners”) rigged the monetary system to enshrine themselves as rentiers over the the entire nation via never ending usury. The money they suck out as interest is not available to main street unless they send it back to main street.
If you want a verbal walk through of how this process actually works…
When Money is Debt; Wealth is Poverty
https://www.extraenvironmentalist.com/blog/dispatches/236
The monetary system is a fraud. It is run by con artists in very nice suits bought with the money stolen from society. The media and government and education is funded by these con people.
So is the medical system – no wonder cancer rates are sky rocketing and nobody talks about causes.
“We say in our platform that we believe that the right to coin money and issue money is a function of government. We believe it. We believe it is a part of sovereignty….
“Those who are opposed to this proposition tell us that the issue of paper money is a function of the bank and that the government ought to go out of the banking business. I stand with Jefferson rather than with them, and tell them, as he did, that the issue of money is a function of the government and that the banks should go out of the governing business.
“When we have restored the money of the Constitution, all other necessary reforms will be possible, and that until that is done there is no reform that can be accomplished.”
~William Jennings Bryan in his Cross of Gold speech
when you enshrine parasitic con men with the monetary wealth of the nation, it is literally INSANE to think good things will happen to their host nation.
We have need Andrew Jackson’s foresight more than ever.
“Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out!”
From the original minutes of the Philadelphia committee of citizens sent to meet with President Jackson (February 1834), according to Andrew Jackson and the Bank of the United States (1928) by Stan V. Henkels – online PDF
Andrew Jackson was right. If we can’t admit the “Den of Vipers” and understand their societal control mechanisms, we have no chance of ever rooting them out. Of course they will bite us.
Vipers bite. It is what they do.
Marcus post=2722 wrote: It is as simple as stepping in front of a microphone and saying “no mas”(or whatever the Greek equivalent is). At the end of the day the creditors of Greece are going to have 2 choices, accept repayment in drachmas or in RAGE fueled lead.
History shows creditors almost always choose Pb and war over debauched currency.
Repayment in Drachma is ludicrous, Drachma won’t buy any Oil. Drachma will Hyperinflate the moment the first note comes off the Printing Press. What the Greeks SHOULD do is Counterfeit Euros. They have all the equipment and plates to do it. Of course soon as the Greeks do that, so will the Spaniards, Ities and Frogs, and then the Euro will Hyperinflate.
Once the Greeks drop out of the EZ, they will just about immediately turn into Kazakhstan and will have to go Cold Turkey off the Oil Economy. They do not have enough exportable resources or value added product to earn “hard currency”, and in addition due to the unrest their Tourism industry is dropping off the map.
They are fed up with the “austerity”, but once they drop off the Euro, austerity will look like the good old days. Greece will fracture and devolve to the same kind of Civil War we see occuring all over MENA. Its just the first Euro country to be triaged out and pushed off the cliff here. It won’t be the last.
Ye! Austerity is bad, against “people’s will”. So, what are viable alternative?
Greek runs a primary deficit – which means even if interest rate drop to zero and no debt repayment, Greek government is still in deficit. Who is going to pay for that? Why should any other nations pay for a nation produces near nothing but consume a lot – lots of civil servants and universities produce lots of worthless degrees.
Print money? why Asians (sorry most creditor nations are there) are still accepting EURO to exchange their hard labor (shoes, clothes, …,etc.)? If ECB prints EURO into Zimbawa money, what do you expect.
Wake up! if you think that a country can have only heaps of civil servants, universities produce low quality high self esteem graduates, excellent social welfare programs and produce nothing useful.
Simply put we are being directed to something scary. Good ideas like democracy are difficult and scary.
Through hardship we change.
We need a system that respects useful resources, possibly ending of currency, and the ending of consumerism. A system that depletes resources so badly starving some to death while increasing wealth to the wealthy.
Capitalism is the redistribution of wealth. What happens when wealth is fleeting? Does planned obsolescence make good use of resources? Although mass production shows greater profit by increasing production, if production numbers surpass need have we not just wasted resources. Is the creation of marketing wants to increase demand not self destructive when it is depleting resources severely? Are we not just taking from poor 3rd world countries but also from our future needs?
This is not just some flowery hippy talk it is the logical progression of consuming past the systems ability to provide.
william post=2733 wrote: Simply put we are being directed to something scary. Good ideas like democracy are difficult and scary.
We have a winner. WHO is directing us to “scary?” WHAT is their method of control and manipulation? WHERE are these ultimate “directors?” WHEN is pretty obvious – right now.
WHY are these people “directing” us to “scary?”
HOW are these people doing this to the entire Western world as they are simultaneous waging war against Middle Eastern sovereign nations?
Is this related to the political re-education camp Army manual recently made public?
Army manual for re-education camps applies to US citizens
https://rt.com/usa/news/army-manual-camps-citizens-593/
Yes, The Re-Education Camp Manual Does Apply Domestically to U.S. Citizens
https://www.infowars.com/yes-the-re-education-camp-manual-does-apply-domestically-to-u-s-citizens/
Re-Education Camp Manual Includes Rules On Isolating Political Prisoners
william post=2733 wrote:
Through hardship we change.But not always for the better. Hegelian Dialectic – Problem, reaction, solution. The Directors want a solution, they create the problem that leads to their solution, the people react and, voila, “out of nowhere” comes the Director’s solution.
That’s how we’ve arrive HERE. If you don’t like here, we need to admit the Directors are leading down the wrong path and give them the boot. NOT their front men and women – the actual Directors.
Big Finance Capital.
william post=2733 wrote:
We need a system that respects useful resources, possibly ending of currency, and the ending of consumerism. A system that depletes resources so badly starving some to death while increasing wealth to the wealthy.We have what the Directors want. You shall know a tree by its fruits.
william post=2733 wrote:
Capitalism is the redistribution of wealth. What happens when wealth is fleeting? Does planned obsolescence make good use of resources? Although mass production shows greater profit by increasing production, if production numbers surpass need have we not just wasted resources. Is the creation of marketing wants to increase demand not self destructive when it is depleting resources severely? Are we not just taking from poor 3rd world countries but also from our future needs?As dangerous as pure Capitalism is, we don’t have it. We have a Big Finance Capital soft (but hardening quickly) oligarchical dictatorship.
The debt based money fraud systematically transfers assets from the people to the oligarchs, who then use the “free market” overlay to their fraudulent monetary system to gain control over every major establishment organization. If someone threatens them, they outspend them. By a lot. And they use their media (it isn’t your media!) to ignore or demonize their opposition.
william post=2733 wrote:
This is not just some flowery hippy talk it is the logical progression of consuming past the systems ability to provide.By their fruits, you can be sure these oligarchs aren’t about to ratchet back on their life style.
So, then, the game becomes… how can they keep their lifestyle and keep everyone else in check?
Freedom has no place in such a world… remember, they told us that the terrorists hate us for our freedoms. NOBODY hates your freedoms more than the people who take them away from you (a bipartisan effort, BTW, with both sides licking their chops as they do it).
If the Directors who control the government hate us for our freedoms what, exactly, do not their own proclamations label themselves as terrorists?
WHO do you think is doing all this evil? Good people? Doesn’t the fact these people lie through their teeth, with a kind smile, to get elected raise any eye brows?
This is reality. Hiding under the covers isn’t going to make it go away – not that you are doing that, but plenty of people are doing exactly that.
Have to add the insight of Clark and Dawe here even though it is a few years old at this time.
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