Is it true that only about 10% of the money borrowed went to the Greek people?
So how has Greece spent its money and who does it still owe A$354 billion (€242.8bn) to? This reported in the Independent:
“Greece is right not to pay the IMF. The IMF should never have lent the money in the first place, with over 90% of it being used to bail out European financial institutions,” Sarah-Jayne Clifton, Director of the Jubilee Debt Campaign. A Jubilee study has shown that since 2010, the IMF, European governments and the European Central Bank has lent €252 billion to Greece. Over the same period, €232.9 billion has been spent on debt payments, bailing out Greek banks and paying ‘sweeteners’ to speculators to get them to accept the 2012 debt restructuring. This means less than 10% of the money has been used for anything else.
This was reported on the ABC today:
“The International Monetary Fund has warned that Greece will probably need an extra 52 billion euros in bailout loans over the next three years…. in concessional financing from international and European agencies between October 2015 and October 2018.”
Greece Again Can Save The West
“The “Greek crisis” is not about debt. Debt is the propaganda that the Empire is using to subdue sovereignty throughout the Western world.
…The position of the Empire is that the Greek people are responsible for the mistakes of their foreign creditors, and the Greek people must pay for their creditors’ mistakes, especially those mistakes enabled by Goldman Sachs.
Looting is the only way left for the Western financial system to make money. In pursuit of short-term profits, western corporations, encouraged and coerced by the financial sector, have moved offshore western industry, manufacturing, and professional skills such as information technology and software engineering. All that remains for the West are highly leveraged derivative bets and looting. Apple is an American corporation, but not a single Apple computer is made in the US.
The German, French, and Dutch governments together with Washington and the western financial system have come down in favor of looting. For a country to be looted, its people’s voice must be silenced. This is why the Germans and the EU object to the Greek government handing the ability to decide the future of Greece to the Greek people.
In other words, in the West today, the sovereignty of peoples and accountability of governments are inconsistent with the financial interests of the One Percent who control the financial and political order.
To conclude: If democracy can be destroyed in Greece, it can be destroyed throughout Europe.
The Greek people not only hold in their hands the fate of democracy in the West, but also the fate of life on earth. Washington’s mechanism for creating conflict with Russia is the EU and NATO. By violating agreements made by previous US governments, Washington has brought NATO to Russia’s borders and is currently deploying more troops, armaments, and missiles on Russia’s borders, all the while speaking aggressively toward Russia.”
I used to think the Greeks were lazy and just sitting around having coffees or on the beach.
But it is the Bankers and brokers that are LAZY – sitting around having cocktails on their multi-million $ yachts in the Med.
The bankers splashed out and want the peasants to pay.
True Margo
That is the perception of the Greek people (being lazy, retiring too early!) being supported by talkback radio and MSM!
Thanks Dalia, for your article
Its a shame more people dont get to read it!
Talk back radio spivs follow the banker’s agenda/s. Turn them off.
Posted on Facebook and to ABC Current Affairs Desk.
The “MONOPOLY” board game is at the foundation
of the greatest hoax ever played on humanity.
Almost all children are introduced to “money” and “economic” concepts in the process of playing “Monopoly” or one of the modern computer strategy games that are very popular.
The “Monopoly” game conditions the young player to perceive “money” as a commodity that has no role beyond standard mathematical accounting and the “Banker” is just an administrator.
THIS IS A TOTAL PERVERSION OF HOW THE “MONEY CHANGER” BANKING CLASS ACTUALLY OPERATE IN REALITY AS A DICTATOR OVER HUMAN LIFE.
If you wish to understand how “money” realities really work in a modern economy the Monopoly rules would need to be adjusted so the “Banker” only allows access to “money/debt” as a loan from the Bank secured by real wealth assets.
The Bank can “create” unlimited money from thin air but if the borrower is not able to pay when due your real asset is confiscated.
The Bankers operate a Ponzi scheme of benefits and power just like any typical pyramid marketing/power structure.
The real dividends are mathematically transferred to the few at the apex who negotiate the distribution of benefits throughout the matrix to maximize the benefit at the apex and sustain the racket.
Let’s be clear this is a mafia style racket on a scale that is not grasped or understood by almost the whole population because of totally faulty perceptions of the essence of “money”, “credit”, “debt” and real physical wealth.
A mafia relies on drawing all the key points of society in their territory into their rackets by sharing some of the booty with politicians and other authorities that should be upholding law, truth and integrity.
A mafia has friends in the media who can distract the public with misinterpretation and confusion when trouble makers are assassinated.
The Middle East, sitting on thousands of years of very low cost energy, has been a blood bath of destruction because Arab Nations do not wish to be looted by the “money” cabals. Honest leaders are soaked in lies and atrocity tales before they are extinguished and replaced by fake corrupt “Islamist” cronies.
Greece is in the vice and feeling the pain of the “money” debt dictatorship.
Confusion and mischief swirls about the analysis and interpretation.
The world is trapped in the fraud of a MONOPOLY fantasy awaiting to discover the metal of the Syriaz leadership who need to tip up the rigged board and write up some honest rules where their money belongs to and serves all their people with equity.
Greece is the tip of an iceberg. There is much more at stake than the voices we hear would like to admit.
Try a game of Monopoly with all the money issued as debt with interest and see who wins every single game.
Christopher, You are a gem.
Christopher,
I read your observation four times.
Uncle Joe, our federal parliament members, our msm and our treasury boffins should try it once but they will not, it is beyond them.
Before the generals came to power in Greece in 1967…
I quote The Essential Mae Brussell, by Alex Constantine (2013)
“The CIA that killed President Kennedy and Robert Kennedy,” she wrote, “did a test case in Greece on canceling elections. Andreas Papandreou, often compared with John Kennedy, appeared to have a good chance of winning the Greek election in 1967. The Army, the CIA and government agencies helped replace their elections with a coup d’etat. . . .
Papandreou wrote to her [Mae Brussell] from exile in Canada:
“I am overwhelmed by the amount of work you have done and the documentation you bring to support your thesis. I have tried myself for a long time to bring out the conspiratorial aspects of the Greek coup of 1967. People are now beginning to understand how it happened that Greece went under a dictatorship. Your work is tremendously important. You have understood the framework in which these events take place, but more than that, you have dug out the facts. . .”