Skip to main content

Greece For Dummies

Don't get drawn into the fictitious oversimplified scenarios that those good dogs barking for their biscuits will have you buy into.

Think, use your brain, the whole "investors just drifted into lending naughty Greece money because of mommy EUs credit card" and "Greeks are Lazy" rubbish. Also, as media forgets, the Greek people have little to do with it, being asked to pay the debt with tax and pension, and pass it onto their grandchildren is criminal.

The ECB pays its failure and debt by printing €60 Billion per month in Fed style QE, bond buying which is free money when translated from beaurocrat, more than the Greek debt:

and the IMF head calling for tax austerity PAYS NO TAX.

The IMF incidentally has made more profit from Greece just since 2010 that the Greek default instalments have bottlenecked to, around €2.5 billion.

Let's make it simple:

1) The investment shepards troika IS THE EU, they are not the saviors. They are the European Commission, European Central Bank and those bastards over at the IMF.

2) The only excuse EU finance has is that someone else screwed them and Greece, you guessed it, those lovable usual suspect financial terrorists at Goldman Sachs made massive upfront money and ran in a derivative scheme parading as a loan to gleen monumental upfront profits and pass off criminally high interest onto innocents like Greeks and lenders, they did it by principally hiding true debt figures.

3) One of few real journalists left in Mainstream Media, Joseph Stiglitz, former World Bank economist, points out how none of the money actually went to Greece but to German and French banks, amongst other things.

4) When the Globalization plot known as the EU, with its Fed style central bank in Brussels, rolled out in Europe, French banks knew that they could not make billions by competing in Germany, nor were German banks expecting to vanquish the French. They looked instead to a simpler and easier market to loan out the plentiful supply of cash they had  – the poorer, mostly southern European states that had agreed to take part in the launch of a common currency called the Euro in 1999.
The logic was clear: In the mid-1990s, national interest rates in Greece and Spain, for example, hovered around 14 percent, and at a similar level in Ireland during the 1992–1993 currency crisis. So borrowers in these countries were eager to welcome the northern bankers with seemingly unlimited supplies of cheap cash at interest rates as low as one to four percent.
5) But there is a broader game afoot, and the best article I've seen on the internet Can be found here. By Alex Andreou. Without the bigger picture, without context, there can be no understanding.

Where to from here? A less forgiving article than mine explains quite well how the rest of Europe has a similar fate to contend with:

Popular posts from this blog

Scientific Consensus is that Consensus is overturned 100% of the time

Everything you know is wrong. There is a very good reason why science succeeds more often than politics does.  Unlike politics, It's not a consensus or a vote,  it's actually method.  The scientific method. Anyone who has read this blog before probably knows I'm a lifelong science junkie as well as someone who spends thousands of hours breaking down the the political and economic agendas behind the special interest groups that guide public policy.  In many ways I'm actually uniquely qualified to tie these angles together in ways not well understood by the overwhelming majority of people.  That actually includes scientists. Scientists are notoriously naive in the political and economic forces that drive the human world.

First and foremost,  what is this so called 'consensus' anyway.  You will be horrified to find out,  it's not specifically that global warming is man made.  It's simply that humans contribute to climate change in an unknowable way and to…

CO2 is not a pollutant, it is greening the earth!

Whatever your persuasion is on CO² and AGW, nobody disagrees on the tremendous benefit it provides plant life. Many of the past famine disasters and desertification has CO² decline listed as a contributor.

I feel I've already blown the notion that humans are the main cause of climate change out of the water. Or rather I've used the reasoning of others and put it together in a convenient outline. See my previous post above for starters.  However, I recognize that humans do increase CO² levels, no matter how tiny. Increases are likely to be very short lived because the earth has an effective feedback mechanism, but we can apparently get small increases, and it's been put forward on very poor science that this is a bad thing. That assertion hinges completely on bad models. More on that in the bottom most link.  Model's and the measurement sample dates are dubious at best.

Furthermore, the main increase in CO²  as…

Dīvide et imperā: How To Defeat The Most Effective Social Control Weapon In Human History

Many different empires, cultures and nations have existed in history and while the details, styles, values and aesthetics keep changing, the core structure remains unchanged. In order to benefit from social coperation and steal reward in excess of the labour and value you invest, you cannot take it by brute force for extended periods of time without facing the wrath of the crowds. The crowds need to give it to you willingly or unknowingly. There was one exception to this synopsis, the Feudal System  but there is more to that than people realise, it's a post for a later day and deserves full scrutiny and parrellels do manifest. The support of the home crowd is also needed to win wars. No army has ever been effective fighting under duress, they would assemble, arm  and immediatly turn on you.

Before the current reigning Judeo-Christian Anglo American Empire of today there were other more monolithic empires that the loosely ideologically aligned old money banking dynasties, globalis…