Over the past few days and (to a lesser extent) past few months, we have witnessed a remarkable series of events. First, we had a member (i.e. victim) of the corrupt European Union stand up to the bullies of the Troika, and say “no.” No, to more extortion. No, to more economic rape (via enslavement to debt). No, to the continuing/worsening infringement on its sovereignty.
Obviously that nation was Greece, a nation which everyone, including the new government of Greece, agrees is bankrupt. In the world of commerce, there is only one “solution” to bankruptcy: reduce the debt, if not eliminate it, completely. The corrupt EU, European Central Bank, and the International Monetary Fund have absolutely refused to consider any reduction in Greece’s debt-load. In other words; they have absolutely refused to consider helping Greece. Instead, this diabolical political/economic cabal dictated an ultimatum.
It demanded that Greece take on more debt, harming that
economy even further under the weight of the additional interest payments on
that debt, when it is already impossible for Greece to pay the interest on its
current debt. And, as a “condition” for burying Greece under more, punitive
debt, these economic sadists were also demanding that Greece implement more (suicidal)
Austerity policies.
As previous
commentaries have pointed out; Austerity kills. Every Eurozone nation which
has engaged in this seemingly neo-Nazi, economic suicide has seen its economy
get sicker, and its deficit problems
get worse, not better. Thus every
Eurozone nation – except Greece – has been allowed to back-off
on this economic suicide, in order to prevent the total collapse of those
economies, as well.
In simplest terms; for every 1 euro in “Austerity” cuts, the
government loses 2 euros in revenues.
It is not a path to economic salvation. Rather, it is the surest and most rapid
means to complete the destruction of these already insolvent economies. Thus
when Greece said “no” to more debt and more Austerity, it was doing nothing
more than saying “yes” to common
sense.
However, the tyrannical Troika would not accept “no” as an
answer to their ultimatum. The Eurozone thugs tightened their choke-hold on
Greece’s economy, trying to throttle it into submission. Simultaneously, they
attacked the Greek people with their
propaganda: any and every form of fear-mongering of which these tyrants
could conceive.
As a response to the increasing lies, political pressure,
and economic blackmail, Greece’s courageous government called a referendum.
Officially, it was a referendum on saying “yes” or “no” to further Austerity
suicide. Unofficially, it was a proxy on Greece continuing to be a member of
the EU and a victim of its extortion/oppression.
Despite the lies of the Troika, despite the fear-mongering
of the corrupt, corporate media and the now-reviled Establishment parties; the
people of Greece voted “no” to more Austerity, and thus “no” to more EU sadism
and the EU itself – with a resounding 60/40 majority. Alexis Tsipras, and his
party Syriza now have a clear mandate to forge a new path for Greece.
As things stand today, it is a path which must result in
“Grexit”: Greece’s exit from this now irredeemably
corrupt political and economic straitjacket. The EU is offering nothing but
more economic destruction, to an economy which it has already
plundered/destroyed, thus Greece must leave the European Union. But Greece is
not Iceland, and it is here where we must now refer to a parallel chain of
“remarkable events”.
At virtually the same time that the EU (and its overlord, the
One Bank) was beginning its latest campaign of economic
terrorism against Greece, there was big news in the world of international
finance. With China as the focal point; the Rest of the World (i.e. everywhere
outside the corrupt Western bloc) announced the creation of two, new, international
financial institutions.
On the one hand; we had the launching of the “BRICS Bank”:
an institution for facilitating international finance, which as the name implies,
was sponsored by the quasi-formal BRICS bloc (Brazil, Russia, India, China, and
South Africa). On the other hand; we had the creation of the AIIB (Asian
Infrastructure Investment Bank).
There is an obvious parallel between these two, new
institutions, and two, thoroughly corrupted, Western-based institutions: the
World Bank, and the International Monetary Fund. Where we have a parallel, we
have an alternative, and where we have an alternative, we have choice.
As previously noted, Greece is not Iceland. When the
government of Iceland, showing tremendous fortitude and wisdom, threw the One
Bank out of its nation, entirely, and “burned its bridges” with the EU;
circumstances were dramatically different from what is now faced by Greece.
To begin with, Iceland banished the Western financial crime
syndicate before that cabal had managed
to finish crippling its economy, and thus render it economically insolvent.
Secondly, unlike Greece; Iceland wasn’t fully integrated into the EU
crime-family. It still had its own, independent currency.
Iceland, too, was threatened-and-bullied by the banksters,
and to a lesser extent, the EU itself. The government of Iceland, and the
people of Iceland were warned that cutting their ties to the One Bank meant
being “cut-off from international financial markets”, and thus international
credit. But it was a hollow threat, because (being solvent) Iceland could
afford to wean itself from these “financial markets” (i.e. more debt).
Indeed, doing so made its economy much healthier. This was
so obvious, that by 2012, even the International Monetary Fund itself issued a reluctant
mea
culpa, which effectively acknowledged that Iceland was right, and everyone
else in the remainder of the Corrupt West was wrong.
Iceland rejected the perversion of capitalism known as “too
big to fail”, and followed the dictates of sound, financial management: it
put-to-death its own, bloated, corrupt and bankrupt Big Banks. As a result, its
economy immediately began to heal, and now thrives.
The rest of the West caved-in to the One Bank’s extortion,
embraced the financial/economic insanity of “too big to fail”, and protected rather than exterminated
the Big Bank tentacles of the One Bank in their own nations. Those nations and
their economies, have continued to sicken-and-die.
What a surprise!
This brings us back to Greece, and (potentially) other
member-nations of the EU. Greece is not
solvent. While it could resurrect its old currency, the drachma, this would be
treated/regarded in financial markets as a “virgin” currency. It would require at
the very least the “faith” of those international financial markets (if not
direct support) in order to be viable. In other words; Greece, unlike Iceland,
would not be financially self-sufficient.
Before the birth
of the BRICS Bank and AIIB; this would have presented the government of Greece
with (to put it mildly) a severe conundrum, if it chose to attempt to cut its
financial, economic, and political ties with the corrupt, oppressive European
Union. Renouncing the economic slavery of the EU directly implies renouncing
Greece’s (European) debts, since it is economically impossible for it to
continue to service those debts. In other words; it leads to some form of Debt
Jubilee in Greece, which is where the “conundrum” rears its ugly head.
Because Greece’s economy has been so thoroughly destroyed by
five years of suicidal Austerity, even after erasing most or all of its
sovereign debts, it would still require some level of international support –
at least over the short term. Before the creation of the BRICS Bank and the AIIB,
the only international institutions set up to provide such assistance were the
IMF and World Bank.
After shunning and enraging the EU and its corrupt banker
overlords by first rejecting more of their economic slavery and then erasing
their fraudulent
bond debts; Greece’s government would have then had to immediately turn
around, and go cap-in-hand to these Western institutions – seeking “help”.
We’ve already seen what sort of “help” the West is prepared
to offer, with Greece still officially a friend-and-ally. One can only imagine
the economic rape which would transpire if Tsipras and Syriza approached the
West for financial assistance as an enemy, and ex-ally(?),
instead. Simply contemplating the
malevolence of that economic sadism would have likely been enough to cow
Greece’s government into submission.
With the birth of the AIIB and BRICS Bank, however, Greece
and other nations now have an alternative. With that “alternative” comes an
escape-tunnel, from Western
financial hegemony, and its economic exploitation. And with that
escape-tunnel comes the political courage to stand-up to the financial
pressures and extortion of the Troika Tyrants.
We see an iteration of this political courage, already, from
outside of Greece, via the lips of the leader of France’s leading Opposition
Party, Marie Le Pen (or “Madame Frexit”, as she has dubbed herself), currently
ahead of the (corrupt) incumbent in France’s most-recent polling. Via Bloomberg:
Although
Le Pen hasn’t given a full, detailed plan of how she would lead her country out
of the euro, she doesn’t believe France
would be shut out of the borrowing market or rejected by investors as a result.
For “borrowing market”; read BRIC Bank. And for “investors”;
read AIIB. Even if Marie Le Pen hasn’t already received formal overtures from
the BRICS Bank and AIIB (or reached out to them, herself); clearly her
perception is that leaving the EU would not, itself, simply be a different form
of economic suicide.
Prior to the BRICS Bank and AIIB, Le Pen’s assertions and
Greece’s needs would have been regarded as little more than wishful thinking.
What’s the one thing worse than being an entity in dire, financial straits and
approaching a banker for “help”? Being an entity in dire, financial straits,
and approaching a banker who already hates your guts.
To all appearances, at least “a new Day has dawned” for
Greece, the nations of the Rest of the World, and any other members/victims of
the Corrupt West also seeking to reclaim their sovereignty, and find economic
salvation for their people. Let’s hope that the reality which follows
reflects these hopes for a better world.