News & Analysis
Elites Blow Up Greece on Purpose?
Can a return to the drachma save Greece as unemployment soars? ... The latest best-seller is the Greek translation of Heinrich Winkler's "Weimar 1918-1933: History of the First German Democracy", narrating how an indebted Germany pursued the same deflation policies under the Gold Standard as Greece is now pursuing under EMU – with the same results. The book culminates in the Reichstag elections of July 1932 when the Nazis and Communists between them won half the seats, and Weimar died. In November alone 126,000 Greeks lost their jobs in a country of 11 million, equivalent to three and a half million Americans in a single month. The unemployment rate jumped from 18.2pc to 20.9pc. This has not yet fed through into social breakdown. Greeks receive unemployment support for an average of thirty weeks, with a ceiling of €454 a month, according to Professor Manos Matsaganis from Athens University. Those with civil service tenure are placed on labour reserve for two years at half their basic pay, or a third of their actual pay."The voices of the desperate, the voices of Greeks are being provocatively ignored. Fear is giving way to rage and the risk of a social explosion can no longer be ignored by those who give orders and those who execute their lethal recipes," he said. – UK Telegraph
Dominant Social Theme: The Germans are just being fair.
Free-Market Analysis: Germany continues to push the Greeks to the brink. For a publication such as ours that tries to analyze elite dominant social themes, the maneuvering is interesting indeed, though the cost is one of blood, tears, agony and death.
Which is why when commenting on this issue we should remember it is more than theoretical. There is no doubt that Southern Europe is being squeezed in a tight vice. Nor is there any doubt, as we have pointed out numerous times, that this "austerity" is a false one.
The Telegraph article (excerpted above) points out that the policies that the Greeks are pursuing are the same ones that Germans pursued during the Weimar Republic. This only confirms our suspicion that the Gold Standard, as the elites use it, is a kind of weapon. It is an instrument of policy.
So why are the Germans now doing to the Greeks what the French once did to the Germans? After the First World War, the elites set up a situation that resulted, eventually, in World War II. In our opinion, World War II may have been planned all along.
That's the way the elites operate, after all. They set up a plausible historical scenario, activate it and then, after the fact, they report it. Those who actually understand what happened die off and a new generation accepts the elites' "directed history" as fact. Here's some more from the article:
The EU-ECB-IMF troika is imposing a further 150,000 public-sector job cuts in Greece over three years, without any offsetting Marshall Plan to rescue private industry ... Dimitra Noussi, who runs two homeless shelters and a soup kitchen for the City of Athens, said the crunch comes once people have been unemployed for five or six months and cannot pay the rent. Most fall back on the kinship network but there comes a point when critical mass overwhelms even this cultural backstop.
"I'm afraid we're going to see an unbelievable increase in numbers. We're suddenly starting to see people in their fifties coming in, and even families with children. They feel humiliated and desperate. I never thought I would see such a thing in my country." It is against this backdrop that the EU-IMF Troika is (rightly) imposing a further 150,000 public sector job cuts over three years, without "wrongly" offsetting measures to prevent the collapse of private industry. The EU "Marshall Plan" promised last June never actually happened.
The Greek state is €7bn in arrears to companies; manufacturing contracted at 15.5pc in December; and a further 50,000 small firms are expected to go bankrupt by July. The Labour Institute thinks the economy will contract by another 7pc this year.
This is "austerity," then. It is turning Greece into a hellhole of starvation and depression. Eventually, the riots that have occurred in Greece are bound to get bigger. Spring and summer are coming and so are elections. And the elections may bring to power those who want to remove Greece from the EU.
Why there should be anyone left in Greece who WANTS to stay in the EU is a good question, so far as we are concerned. There seems to us no doubt that Greece is being treated as a kind of object lesson. Others in the EU are supposed to see that the Eurocrats themselves are in control of EU member states.
This is obviously the plan, and we reported on it just yesterday in our article on Romano Prodi's admission that those in the EU knew the euro would spark a political crisis. You can see it here: EU's Prodi Admits Leaders Knew Euro Would Cause Ruin but Hoped Political Union Would Follow
What are the European elites trying to do? Bear in mind that the Anglosphere power elite is ultimately behind the EU – and that this most powerful of all elites seeks global governance, a New World Order.
It may seem for instance, that the Germans are behind what's going on, but this is a kind of shadowplay, an elite dominant social theme. The Germans were thoroughly defeated in World War II, and their economy shattered. What we consider the Anglosphere, with outposts in the City of London, Washington DC, the Vatican and Tel Aviv, are focused on world domination and intend to realize it.
But it doesn't make much sense that they are willing to tear down the entire EU; therefore we have advanced the idea that some of what is going on is taking place as a reaction to forces beyond the control of the elites.
We think what we call the Internet Reformation has something to do with it. British Prime Minister David Cameron's confrontation with the EU is just one example. We think the dialectic in the EU is being driven partially by the Internet itself.
We don't think the power elite is entirely in charge of its EU experiment anymore. They are being, perhaps, reactive instead of proactive. It seems to be squeezing Greece in order to illustrate to other countries what will happen if they rebel against this onrushing union.
Will it work? We think this strategy is borne, perhaps, of desperation. We do believe the elites anticipated the current euro depression, but it is questionable from our point of view as to whether they had in mind peeling off parts of the European PIGS.
This is a strategy fraught with risk. Will it stop with Greece? What about Portugal, Spain and even France? One can argue that the elites own the banks that are so intent on being made whole by European taxpayers. Thus the entire "crisis" is in a sense "directed history." The elites are PRECIPTATING the crisis.
They are doing so in an increasingly brutal way. And the entire manipulation, if that is what it is, is taking place in front of the all-seeing eye of the Internet. People are increasingly clued-in to these manipulations.
It was certainly the elite plan to consolidate the EU using the inevitable economic crisis, as Prodi has admitted. But what if this thing spins out of control? Are the elites so very confident they can finish what they've begun?
Those who are concerned about such things, either for political or investment reasons, should be watching closely to see what happens to Greece and how bloody it gets. They should also pay attention to the reactions of the rest of the PIGS. The elites may be miscalculating with Greece.
Conclusion: In crushing Greece, will they crush the euro as well? And perhaps even the EU?
Posted by Darby Jie on 02/23/12 08:45 AM
Those who enter this deliberately convoluted Matrix risk their very Sanity! Only Machiavelli HIMSELf could sail the EU safely -- beware beware!! Sharks be plentiful in these waters, yar! If ye be not Devil or Demon, desist from simple Thought!!!
Posted by WD on 02/23/12 12:32 AM
Without reading any of the other feedback, I would like to ask. Does it not appear that the central banksters are testing the EU to see if the members who have not over borrowed will pay the bills of those who have? If not, the whole scheme of regional 'unions' comes undone as banksters can not blackmail the productive to pay the loans of the unproductive. God forbid that they should be forced to restrict their loans to those who are creditworthy. At last, governments who lose contact with reality might get their just desserts immediately rather than seperated by endless buck passing that separates their insanity from its consequences.
Posted by bob on 02/22/12 11:48 PM
One must read this:
What Really Happened in the 'Yom Kippur' War?
by ISRAEL SHAMIR
Click to view link
Posted by Danny B on 02/22/12 08:43 PM
Don't forget Golsbee. 10 months on the job as chief economic advisor and he hightailed it back to his cushy academia job. Something must have scared him.
Posted by Jeanna on 02/22/12 08:24 PM
Bingo! The people of Iceland were not going to submit to external forces. Greece, Italy, Spain, Portugal, Ireland.. all need to secede and begin over with a free market currency backed by silver and gold. Possibly copper as well. Default is the honest and sure path to freedom. Tell the bankers bye-bye.
Posted by Col on 02/22/12 09:35 AM
Posted by Hugh on 02/22/12 07:11 AM
15 TRILLION DOLLARS AND 759,000 METRIC TONS OF GOLD
Another story that has erupted at the same time -- Lord James of Blackheath, in the UK Parliament, discussing "15 Trillion Dollars and 759,000 Metric Tons of Gold."
Video Footage of Blackheath's Speech (Begin Watching at 17:20)
Click to view link
Unofficial Transcript and Writeup of Blackheath's Speech
Click to view link
Official Transcript of Blackheath's Speech
Click to view link
Posted by speedygonzales on 02/22/12 06:44 AM
Been my experience when I smell a rotten fish…to check the head….
Jim Rickards doesn't see an economically enlightened leader stepping forward to lead the world into a new Golden Age.
So that means that a collapse and resulting chaos are probably going to cause the inevitable transition. Jim states for the record, and it is a well established fact, 'a Central Bank is not mandatory.' The US got along just fine during the 1800's after President Andrew Jackson disbanded the Second Bank of the United States. In fact on his death bed, Jackson said he was most proud of his victory over central banking. The problem is that mankind doesn't learn from history until it's too late. And that will probably be the case here. Hostory repeats... How is that? Who controls the past... controls education and masmedia...
Jim Rickards receives threat from swaps 'regulator' ISDA when he mentions Naked Credit Default Swaps
Click to view link
Jim Rickards Says-We Don't Need No Central Bank.
Click to view link
Rickards, experienced financial adviser, investment banker, and risk manager, tells us we are in a new currency war that could destroy faith in the U.S. dollar; he examines that war through the lens of economic policy, national security, and historical precedent. As a national security issue, he tells a fascinating story of his involvement with the Pentagon and other agencies in designing and participating in a war game using currencies and capital markets, instead of ships and planes, to gain early warning of attacks on the U.S. dollar.
Jim Rickards highlights dangerous dynamics between national security and the international financial markets.
Click to view link
Jimmy hit the target. But target is not here: 'An expert on financial threats.'-The Economist. Jimmy is smart guy. Putin level. This book is Da Vinci code of financial world. I heard Jimmy talk on BBC Radio couple minutes ago. CDS,swaps,fraud,ponzi scheme. That was his language. He in his book is not talking about future currency war. This war is being done against us all. 401K,IRA, stox and so on are gone. World wide.
As always I read infowars and what readers says about protests in Greece, Spain. Socialist,commies,unionists. There is movement lead by intelectuals, students but working class in america? Bush beer, NASCAR and so on.
Occupy Earth Manifesto, one of the key documents of the Occupy Movement originally published in the Occupy Wall Street Novel, Spiritus Mundi, by Robert Sheppard and featured on all the main Occupy websites.
Click to view link
Worth to read. It is paradox, but they R right. One can not ply on local playground while parasites goes global. One can not think that simple right to vote is enough to equalize CFR,Bilderbergx,elites.
DB got it right. The worst for the elites would be if Greece declare bancruptcy and leave Eurozone and EU. Whatever they plan, their world is breaking from inside. People wants their money. Boomers wants retired. Apropo. This was real reason 4 fall of Berlin Wall. Folx inside did not believed. I heard something in school but 180 degree diferent at home. Whatever they will do EU is gone. I agree with DB that elites do not lead just follow. Who knew in 2008 what toxic derivatives means? It means counterfeiting. Who knew something about swaps? In reality swaps are cover operations to cover toxic derivatives. Actually crime.
And that's about what Jim Rickards wrote. His book is wake up call and real look into history of criminal cartel.
Good bless Y'LL
Posted by cromwellshead on 02/22/12 05:12 AM
At times like this I say one thing to people about Greece. Watch its army. Most soldiers are patriotic, right or wrong they will not sit idly by. They have a track record of interference, they have much to lose as do all Hellenic armed forces. This is not lost on Turkey either.
It is fine to take a macro perspective, it is the micro that effects ordinary people, the day to day. I know many who wait patiently for Brussels and that dream to implode. Germans have an axe to grind, they are doing it and rubbing salt into wounds.
"Elites"? Well, history shows how far they think they can push, I really believe the internet is going to change this. We shall see how elite these people are soon. When they stand before a revolutionary committee to answer.
Posted by samson on 02/21/12 11:47 PM
Quislings are selling out Greece to the German Banks. They should be shot as
traitors. Papadresus should have never given up. He should have defaulted
immed. & started printing Drachma. The so-called multi Billion euro bailouts
have only poured gasoline on the fire. Greece doesn't see any of it, it is
paid to German Banks as interest payments. Greece must secede from the EU & default immed, NOW, or the blood will flow of thousands. That goes for the
other PIGS also
Posted by Darby Jie on 02/21/12 11:05 PM
"Iceland still printed its own currency. Greece does not have this ability."
Then this question - Why couldn't Greece have started printing *their* own currency, since they are a sovereign nation?? Wouldn't that have been a solution? Thx.
Posted by schrodingers_pussie on 02/21/12 10:30 PM
@DB: "Wow, so many banker resignations; we're not quite sure what it means but it's some list."
Rats jumping the sinking ship, I suspect.
Posted by schrodingers_pussie on 02/21/12 10:19 PM
Iceland still printed its own currency. Greece does not have this ability.
Posted by Hugh on 02/21/12 09:48 PM
Could this be related to the Dragon Family soap opera as reported by David Wilcocks via Benjamin Fulford. All those banker resignations and now the Leo Wanta story unfolding at a rapid pace.
Wanta, as sole shareholder at Ameritrust Corp., controls as much as $7.2 Trillion dollars that is slated for the American people and has begun to release the funds at the state and local levels.
Click to view link
Posted by Darby Jie on 02/21/12 08:44 PM
Greece's Parliament has sold them out again, as they have just accepted "on behalf of" the helpless Greek population, $billions more in Bailout funds; thus guaranteeing Greece's misery for a long time to come.
I do not at all understand why Iceland was allowed to leave (escape), while all other nations are, it seems, permanently chained to the perdition of the EU. I suppose there is a reason for Iceland's exceptionalism--for Nothing the 'elite' do is without a Machiavellian agenda-- but I had certainly thought & hoped that Greece had some chance to escape. Not to be, though, and that's really sad.
Posted by Summer on 02/21/12 07:28 PM
I only other countries would do the same, and go one step further: have no interest at all!
Posted by Russ on 02/21/12 05:45 PM
The elites not only set up WWII but WWI and the fall of the stock market as well. Three books lay this out very well, published in the 70's, by Anthony Sutton: Wall Street and the Bolshevik Revolution, Wall Street and FDR, and Wall Street and the Rise of Hitler. So you're analysis is spot on. Two other books from the same period by Eustace Mullins-The World Order and The Secrets of the Federal Reserve provide more information. These are relatively short, easy reads and can bring anyone new to learning about the 'elite' up to speed quickly.
Reply from The Daily Bell
Eustace Mullins is someone you apparently want to read with the proverbial grain of salt.
Posted by alexsemen on 02/21/12 05:16 PM
Just I want to tell to everyone that the all censureships means of the last hours distroyed my e-mail account and I've lost everything I've saved and my all correspondence !
Thank you freedom of western democracy
Posted by Jones on 02/21/12 05:02 PM
"Can a return to the drachma save Greece as unemployment soars?"
Can anything that is advanced in a totally manipulated system work if it is not allowed to?
Posted by tomdennen on 02/21/12 03:34 PM
Iceland has changed from an externally controlled, interest-bearing money supply to an internally controlled, interest-free money supply. Its total GDP is now what it owes itself, with excesses due to devaluation & current deficits paid back by next year.
"The contrast with the unemployment catastrophe and debt-deflation spirals across Europe's arc of depression is by now crystal clear. Those EMU shroud-wavers who persist in arguing that exit from the Europe would be suicidal will have to start coming up with a better argument."
Iceland's books balance. The nation is virtually debt-free. There are no longer any destroyers siphoning off its wealth. Its people are going back to work toward general prosperity.
There is no blood in the streets.