Thursday, June 02, 2011

Banker Occupation in Greece

Business Insider Magazine is reporting that the IMF is asking Greece to give up national Sovereignty in exchange for a banker bailout. Last year Deutsche Bank asked Greece to put up thousands of Greek Islands as collateral on new loans. However, it turned out that the money from Deutsche Bank to Greece came from the FED via secret TARP loans at a record low 0.01% interest rate. This year, the IMF is asking Greece to hand over rights to levy taxes on its own people. According to many, these requirements look like Greece has being taken hostage and is being expected to pay a ransom to financial terrorist. The problem for America, is that the IMF is seen as being controlled by Wall Street and other western Special Interests.

Giving up taxation in exchange for a bailout is akin to the Lombard/Florentine Banking failure of the 1340 which was engineered by the Venetian Black Nobility/Order of Malta. This banking failure was set up by the Mongol Invasion of China and Europe, and executed through a manipulation of the wool/linen and gold/silver markets (gold florin). The aftermath precipitated the the 100-Years War, the Dark Ages, the Black Death, and culminated in the siege and destruction of Constantinople in 1453. But at this same time, we also see the rise of the Medici Family Bank, the fall of feudalism, and the Renaissances. Many of these multinational banks in Italy were involved in lending to local towns to build grand cathedrals in exchange for control over taxation, mining and resource rights.

According to the Max Kaiser Report on RT, the Prime Minister of Greece is facing allegations of treason for purchasing billions in credit default swaps which were sold off to friends who stand to make billions more when Greece defaults. In another note, Max Keiser points out other news stories that US Congress Representative and Senators are caught investing on insider information.

Anyways, the crux of the matter in Greece will be whether or not they accept the IMF bailout like Ireland or exit the Euro like Iceland. However, there are several approaches Greece could take: 1. Military coupe and default, pull out of the Euro, and re-institute devalued "new drachma". 2. Privatize national assets, pay debts, and then re-nationalize later al la Argentina. 3. Accept IMF bailout and stipulations. 4. Renegotiate debts which could hurt French and German banks. Each of these pathways would have different consequences for Greece, Europe, and the United Sates. The Greek people are protesting in the streets because they do not trust their government to do what is in the best interest of the Greek people.

Long-story-short, German and French banks took free US TARP/Stimulus money and lent it to Greece in the form of Bonds to bail out Greece and then bought insurance against default from US Banks in the form of Credit Default Swaps (CDSs). If Greece can pay back these loans, they will have to give up Greek Islands, utilities, natural resources, taxation etc. If Greece defaults, then US Banks will have to pay the default. There are no US Bank reserves to cover a Greece default and pay the insurance (AIG). So, if Greece defaults, that liability will end up being transfered onto the backs of the American taxpayer. And this is on top of the fact that the original money for the loan came directly from the US taxpayer. So money is stolen from the US taxpayer and given x10 to Greece and the US Taxpayer will then be forced to pay even more if Greece doesn't pay that loan back with utilities, resources, and real estate. The French and German Banks profit either way Greece goes.

1 comment:

jdat747 said...

...reminds me of the saying, "money is the root of all evil."