The ECB has acted to asphyxiate the Greek economy - the ultimate blackmail to force subordination. The money is there, in our accounts, but we cannot have access to it, because the overseers of our own banking system, the very people who some months ago issued guarantees of liquidity, have decided to deny liquidity. We have phantom money, but no real money. There is a terrifying poetry to that, since the entire crisis was caused by too much phantom money in the first place.
EU Institutions are now openly admitting that their aim is regime change. A coup d'état in anything by name, using banks instead of tanks and a corrupt media as the occupiers' broadcaster. The rest of Europe stands back and watches. Those leaders who promised the Syriza government support before the election, have ducked for cover. I understand it. They sympathise, but they don't want to be next. They are honourable cowards. They look at the punishment beating being meted out and their instinct is to protect their own.Byline
Alex Andreou
ht Don quijones at Raging Bull-Shit
See also
An Economic Hit Man Speaks Out: John Perkins on How Greece Has Fallen Victim to "Economic Hit Men"
Michael Nevradakis interviews John Perkins
John Perkins, Greece: A Prophecy Fulfilled? (2 July 2015)
ReplyDeleteWhat Stinks about Varoufakis and the Whole Greek Mess?
First appeared: http://journal-neo.org/2015/07/03/what-stinks-about-varoufakis-and-the-whole-greek-mess/
The money is there, in our accounts.
ReplyDeleteMoney is electronic. Your accounts are electronic.
Thank you for the link, James, but I don't buy it for a second that Varoufakis is a bought man or that there is anything nefarious about him. No, not for a second. I have been reading his blog for years and find him to be a good, decent man.
ReplyDeleteI am of the same opinion as Mike, and some of the others here, that this government is simply over its head. And what I find disappointing is that that is the best Greece has to go up against the EU powers that be.
Dan-
ReplyDeleteJust another example of how the positive money folks have things backwards. They think the commercial banks are all powerful because they "create money", BIG F-ING DEAL, anyone can create IOUs, its the Natl currency standard (as opposed to the old gold standard) thats really operative. The only reason people trust banks is because the Govt guarantees the 1 to 1 exchange rate. If you cant withdraw your commercial bank deposits as Govt currency, and you cant settle purchases with people at other banks using Govt currency, what good are your bank IOUs to you? Just a number on a computer screen with no meaning at all behind it.
But by all means PM and Cullen Roche, continue to think that bank IOUs are "more important" because there are more of them then Govt IOUs.
Hierarchy of money.
ReplyDelete