By PETER KOENIG
This article has been slightly abridged
The Greek islands are now up for grabs at fire sale prices.
WHO ARE THE BUYERS?
You are being slaughtered right in front of the world’s eyes and nobody says beep! Least of all the Greek elite… your government. A few, but a few too many, allow the slaughter because it doesn’t concern them. They are blinded by the false glamour of the euro and of belonging to the elite class of the “noble” Europeans.
They apparently live well enough, including the caviar socialists of Syriza. They let their country bleed to death literally, morally, socially and psychologically. Medical care is no longer available or privatized and unaffordable. Pensions were reduced five times. They were never more than a survival kit. By now they have been slashed in some cases by over 50%. Hordes of people live on food handouts. Most social services, including to a large extent education have been sold out, privatized. Gone with a flicker.
Gone, by order of Germany – and the (((holy troika))) – the criminal gang of three, IMF, European Central Bank (EIB) and the European Commission (EU); the latter a mere bunch of unelected corrupt puppets, deciding the fate of some 800 million Europeans – with YOU, the Greek people, accepting carrying the brunt end of the stick.
In September 2016, the unelected European Commission sent Greece a Brussels-drafted legislation of over 2,000 pages, in English, to be ratified by the Greek Parliament within a few days – or else. – Nobody asked: ‘What is else’?
(((Brussels))) didn’t even bother translating this unreadable legalistic heap of paper into Greek, nor did they allow the Parliament enough time to read, digest and debate the new fiscal legislation. Most parliamentarians could not read them, either because of language or due to the imposed time limit. The Parliament ratified the legislation anyway.
Under this new law, Greece is transferring all public assets (public infrastructure, airports, ports even public beaches, natural resources, etc.), unconditionally, for 99 years, to the European Stability Mechanism (ESM) which is free to sell (privatize) them at fire sale prices to whomever is interested – supposedly to pay back the Greek debt.
The fund was originally estimated, certainly under-estimated – at about 50 billion euros. In the meantime, the value of the Greek assets has been further downgraded by the troika to between 5 and 15 billion euros, as compared to Greece’s debt of more than 350 billion euros. The ESM is a supranational undemocratic apparatus, accountable to no one.
With this legislation, the Greek Parliament – YOUR Parliament, Esteemed People of Greece! – has annulled itself. It is no longer allowed to pass any budget or fiscal (tax) legislation. Everything is decided in Brussels in connivance with the (((IMF))) and the ECB. The last time a similar situation happened was in 1933, when the German “Reichstag” (Parliament) transferred all of its legislative power to Chancellor Adolf Hitler.
This, Dear People of Greece – is sheer economic fascism, right in front of your eyes, the world’s eyes, but nobody wants to see it. The worst kind of blind person is the one who doesn’t want to see.
This asset seizure was confirmed when the last hope for at least some debt relief was dashed at the end of February this year. Even the IMF initially recommended and today still privately recommends debt relief.
However, Germany without mercy announced the final pillage of Greece, requesting Greece to surrender gold, utilities and real estate to the ESM – largely managed by Germany. The next ‘bailout’ amount, if Greece goes to her knees and surrenders everything, might be 86 billion euros, meaning NEW DEBT. In exchange of what? More interest, a higher debt service — and an even bleaker outlook for ever getting out of this US-European fascism imposed process of killing of a nation.
Chancellor Angela Merkel is reported to have said, “Berlin’s stance on Greece’s bailout program remained unchanged”, after she met with IMF chief (((Christine Lagarde))) a few days ago.
Some facts about Greece’s debt, as of 9 March 2017:
Population 10.8 million.
Debt: 352 billion euros (interest per second: 617 euros; debt per citizen: 32,580 euros).
Interest per year: 19.5 billion euros.
Total Greek bailout funds from 2010 to end 2016: in excess of 250 billion euros – none of which went to Greece for the benefit of the people, but to pay debt service to the troika and pay off mostly German and French private banks.
Debt as a percentage of GDP: 181% (GDP 195 billion euros);
2008 Debt to GDP: 109% (less than today’s US debt to GDP ratio of 109.63%).
Greece’s GDP amounts to less than 2% of EU’s GDP.
Greek GDP has collapsed by more than 25% since 2008.
Unemployment is rampant – with an average of 26% – and close to 50% for young people (18 to 35).
Let’s put the Greek debt in perspective.
In September 2011, without warning, the Swiss National Bank (SNB) devalued the Swiss franc by about 12% against the euro to protect its economy. This was an unfair move – to say the least, since none of the euro-zone bound countries has the liberty to re-or devalue its currency, as deemed necessary by their economy, i.e. Greece. While Switzerland is not a direct member of the EU, Switzerland is nevertheless bound to the EU by more than 120 bilateral contracts, thereby de facto a EU member.
During the 3 ¼ years of locking the exchange rate into a fixed rate of at least CHF 1.20 per euro, the SNB amassed more than 500 billion francs in extra foreign currency, mostly in euro. This is about 150% of Greece’s current debt.
Switzerland, a country of 8 million people, in theory, could bail out Greece’s full debt, say, at no interest, by a 50-year loan (World Bank IDA terms) – in solidarity; and to compensate a bit for the SNB’s questionable ethics vis-à-vis EU members. Switzerland would not suffer. To the contrary, such a move would help stem the risk of a Swiss currency inflation, due to the huge amounts of Swiss francs that needed to be ‘printed’ to maintain the artificial exchange rate against the euro. Would Switzerland be prepared to engage in such a solidary rescue action? –Probably not.
People of Greece! – Wake up.
Take things in your own hands! Don’t believe you politicians, your media! Get out of this criminal organization called the (((European Union))), and this fraudulent western monetary system that is strangling you to death. Take back your sovereignty, your own currency. Default on your debt – the west can do nothing about it. Not if you run your country with your own public banks, and your own money, gradually but surely rebuilding a destroyed economy. Debt repayment is negotiable. Cases abound around the world. Argentina is one of the more recent ones. Even Germany renegotiated its foreign debt in 1952 (see London Agreement of German External Debt).
Germany, the leader of this economic massacre of Greece, owes Greece huge WWII reparation payments. On 8 February 2015, PM Tsipras requested Germany to pay up her full reparation debt to Greece of an equivalent of 279 billion euros, in today’s terms. Germany replied in April 2015 that the reparation issue was resolved in 1990 – which, of course, it wasn’t. It cannot be excluded that much of the German pressure on Greece today is a means of deviating the world’s attention of the reparation debt Germany owes to Greece.
People of Greece, be aware of what is going on. Do NOT ACCEPT what your government, (((Brussels and the troika))) are doing to YOU and YOUR country.
To the contrary, request the full reparation payment from Germany – and demand GREXIT, as a fully legitimate follow-up to YOUR July 2015 overwhelming NO vote to more austerity-imposing troika ‘rescue’ packages.
Break Free From The Matrix!
Nobody screams, yells, revolts, takes to the streets, blocks streets, bridges, railways, for days, weeks, interrupts the still ongoing commerce of the foreign owners of what’s left of YOUR country’s public assets. Nobody. This is not to blame the Greeks who have to fight for sheer survival, who have to find ways to feed their kids and families, but the j’accuse goes to the Tsipras- Syriza clan and all those Greek elitists, the media (are they all bought like in Germany by the CIA?) and parliamentarians, who just watch in awe – but stand by. No action. Watching Greece – YOUR country, People of Greece! – bleeding to death.
This crisis is manufactured by the (((European, elite Goldman Sachs of this world))), who run the (((European Central Bank))) through Mario Draghi, a former (((Goldman Sachs))) executive – who de facto runs the European economy.
Because they, the (((scum of Brussels and ‘swamp’ of Washington))), want a submissive Greece.
Because Greece is in a highly strategic geographic location, at the cross-roads of west and east. Greece is a NATO country. Maybe the second most important NATO country after Turkey, because of its strategic position. They don’t want Greece to be run by a ‘left-wing’ government.
Syriza, of course, is everything but left-wing. The masters of the universe want ‘Regime Change’ – the good old regime change that threatens all those who do not bend to the rules of the west. Right now, the Syriza government is bending backwards to please the money masters and to let her people be miserably humiliated and ruined.
The Greek elite and government inaction is inexcusable. This is Stockholm syndrome at its worst.
Submissive to their hangman, until death do us part. And death in the form of total destruction, total pillage, total slavery, is not far away.
Do you, people of Greece, want to continue this path to slavery by a (((predatory empire))), that will eventually call the shots on every move you make?
Or do you want to get your sovereignty back, your own currency – and be unshackled from the dictate of (((Brussels))) – and start afresh – as the noble and wise Greek people, who brought Democracy to the world some 2500 years ago?
Bless the people of Greece! LONG LIVE GREECE!