WHY
ITS GOING TO END THIS WAY.
From
Charles Hugh-Smith and Automatic Earth Blogz
Once
one oligarchy falls, it will threaten to topple a long line of
oligarch dominoes.
A
great many narratives invoking Greece are being tossed around, but
only one really encapsulates the unvarnished truth: the Oligarchs
blew it. The oligarchs in both Greece and the European Union/ECB
had the opportunity a few years ago to trade some of their outsized
wealth and political power for stability and sustainable expansion.
Instead,
they chose to not just cling to every shred of their outsized wealth
and power but to actively increase it. Their greed and hubris has
now put their entire system of parasitic wealth extraction at risk of
collapse. Their political stranglehold on power has been weakened,
and there's no going back: they blew it, and now it's too late.
The
debt-serfs have finally had enough.
Now
let us direct our attention from the REAL
PROBLEM:
Total domination of governance and finance by a class of vested
interests and mega-wealthy cartels/oligarchies.
The
solution is straightforward:
Default
on all debt by no longer making interest payments.
As
the old saying has it,you
can't get blood from a turnip.
The impoverished face little downside from leaving the stranglehold
of the euro, and only upside from a return to a sovereign currency
controlled by the Greeks rather than the E.U. or the European Central
Bank (ECB).
The
only people with enough wealth left to worry about a return to a
sovereign currency are the wealthy who own the assets and who depend
on handouts from the E.U.
Yanis
Varoufakis SAID TO THE
BBC
it would “take
an eight or nine year old” to
understand the constraints which had bound Greece up since it
“tragically” went bankrupt in 2010. “Europe
in its infinite wisdom decided to deal with this bankruptcy by
loading the largest loan in human history on the weakest of
shoulders, the Greek taxpayer.
The
understanding of an eight (8) or nine (9) year old to understand ?
Man that is getting into plowing thru some heavy seas. So Bob Dylan
said it right “ It doesn't take a weatherman to tell you which way
the wind is blowing.” and NOW;
Now
lets here what a Mid-Western farm lad, turned musician said: “
Seems like LOANS are all the politician's want to talk about, we
don't need anymore more loans, we need a good price for our crops is
all........”
Let
me repeat his words:
“WE
DON'T NEED ANY MORE LOANS....”
Now
he is a musician who helped start Farm Aid, and here is where he
says this in the first
15
seconds
of this video https://www.youtube.com/watch?v=joNzRzZhR2Y
.
The
threat of expelling Greece from the euro is hollow.
A
return to a sovereign currency puts the responsibility for prudent
management of government expenditures and debt back in the hands of
the Greek people and the leaders they elect. Why is that something
terrible?
We
have to remember that the lenders who entrusted capital to marginal
borrowers took the risk and therefore have to absorb the losses. In
this case, the irresponsible lenders include sovereign nations that
acted to protect their own oligarchies
The
powers that be within the EU deliberately unleashed shock therapy on
Greece – helped along by Goldman Sachs and the IMF, granted -. All
supra-national organizations tend towards zero moral values. It’s
inherent in their structures. We have NATO, IMF, World Bank, EU, and
there’s many more. It’s about the lack of accountability, and the
attraction that very lack has for certain characters. Flies and
honey.
In
what universe is it a good thing to have over half of the young
people in entire countries without work, without prospects, without a
future? And then when they stand up and complain, threaten them with
worse? How can that possibly be the best we can do? And how much
worse would you like to make it? If a flood of suicides and
miscarriages, plummeting birth rates and doctors turning tricks is
not bad enough yet, what would be?
CREDIT
TO AUTOMATIC EARTH, and CHARLES HUGH-SMITH, for
major parts copied
herein.
https://twitter.com/thereaIbanksy/status/560227910691590144/photo/1
herein.
https://twitter.com/thereaIbanksy/status/560227910691590144/photo/1
