'And I shall wear the creditors’ loathing with pride.' Greek Finance Minister Yanis Varoufakis's resignation statement
Do you want pay? No they said.
Well done, this is historic, it could turn the tide.
Hey what is the fuss about?
I have grabbed some bits from different websites as a way of coming up to speed for those who have not been keeping up, some linked, some are not.
In summary, the banks wrecked the Greek government and deliberately pushed it into unsustainable debt so that oligarchs and international corporations can profit from the ensuing chaos and misery.
If you are a fan of mafia movies, you know how the mafia would take over a popular restaurant. First, they would do something to disrupt the business – stage a murder at the restaurant or start a fire. When the business starts to suffer, the Godfather would generously offer some money as a token of friendship. In return, Greasy Thumb takes over the restaurant’s accounting, Big Joey is put in charge of procurement, and so on. Needless to say, it’s a journey down a spiral of misery for the owner who will soon be broke and, if lucky, alive.
John Perkins, author of Confessions of an Economic Hit Man, discusses how Greece and other eurozone countries have become the new victims of "economic hit men."
"[Indebted countries] become servants to what I call the corporatocracy ... today we have a global empire, and it's not an American empire. It's not a national empire ... It's a corporate empire, and the big corporations rule."
and some fitting spoof news, just to lighten it up
and this is real, not spoof
PRIME Minister David Cameron has told his opponents to stop "bleating" about austerity and defended welfare reforms such as bedroom tax for their ability to end a "something for nothing" culture.
David Cameron's father left assets in Jersey tax haven for family to inheritThe compilers of the Sunday times rich list estimate his wealth as being £30 million – just an ordinary bloke
learn from history
Before Argentina collapsed financially in 2002 the IMF along with the help of corrupt local politicians including the ex-president Carlos Menem and former minister of economic( from Harvard), Domingo Cavallo, buried the country in public debt and then forced the selling of national assets including oil, airlines and other state owned companies. After the country was left in ruins a man named George Soros moved in and bought huge amounts of land and producing capital, becoming the largest holder of land for beef production, as well as soy bean plantation and the largest owner of processed daily production companies.
even further back
On September 11th 1973, US-backed General Pinochet overthrew the democratically elected leader of Chile, Salvadore Allende. Pinochet ordered an air strike on the Presidential Palace, labor activists and famous folk guitarists were rounded up for torture, disappeared, and killed. Pinochet converted the national football stadium into a detention facility like Guantanamo Bay. Chile's economy was turned into a plantation for the 1%, as inequality and poverty skyrocketed under the imposed Milton Friedman-style economic model.
Over 40,000 Chileans became victims of Pinochet's terror. In response, the Nixon administration committed more money, more training, more torture equipment.
(The Twin Towers of 9-11 28 years alter were completed in 1973)
and get this! in 1991 on 9-11 Bush Senior called for a New World Order 1min.47 seconds Video here
Ireland has been “told” by the IMF/ECB to sell off state assets to help pay off debts.
The sale of Bord Gais Energy to Centrica has already been agreed and should be done and dusted before the end of June.
In 2008, Ireland and Iceland both had crashing banking sectors that were much larger than GDP. Ireland's gov't offered a sweeping guarantee to rescue the banks; Iceland's did not. The crushing burden forced Ireland to get its own EU/IMF bailout. Unemployment soared to 14.4% by Q3 2011 — double the level of Iceland's 7.2%.
WAY back in the autumn of 2008, the joke in financial circles was that the only difference between Ireland and Iceland was a letter and six months. Now, with the Icelandic banks preparing to issue foreign currency bonds once again, it turns out that the joke was on us.
Remember when the Icelandics did the unthinkable and, unlike Ireland, told bank creditors to take a hike? They also imposed capital controls and allowed the value of their currency to fall – the Icelandic krona has lost almost half of its value against the euro over the past five years.
The "experts" queued up to assure us that these latter-day Vikings would be severely punished for their impertinence. While no one forecast that a hole would open up in the North Atlantic and swallow Iceland whole, some of the predictions came pretty darned close.
Meanwhile, we in Ireland did what we were told and repaid over €70bn of bank bonds at par. By doing so, even at the cost of bankrupting the State, the "experts" assured us that we would retain the confidence of the markets. Now, four years later, it is clear that, not for the first time, the "experts" have got it wrong. Catastrophically and utterly wrong.http://www.independent.ie/business/irish/dan-white-the-economic-return-of-iceland-has-proved-that-the-joke-was-on-us-28949864.html