Tuesday, June 21, 2011
"This Is Not A Program to Salvage the [Greek] Economy, It's a Program for Pillage Before Bankruptcy"
The best quote on the Greek parliament's vote of confidence for Prime Minister George Papandreou - and thus his austerity plan:
"This is not a program to salvage the economy, it's a program for pillage before bankruptcy," said Alexis Tsipras, head of the small opposition Left Coalition.
It's not just Greece.
As PhD economist Michael Hudson said in 2009:
- The giant financial institutions have already killed their host - the real American economy
- Since they realize that the American economy is dead, they are trying to suck as much blood out of America as possible while the corpse is still warm
- Because the American economy is dead, their plan is to soon jump to another host. They will ship all of their money overseas
For background, see this, this, this and this.
4 comments:
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You get it! There are no capital controls except for plebs. Hot funds will use the offshore banking system to move on. They will not invest in western economies until the depression is over!
ReplyDeleteOnce the last drop of blood is squeezed out, then the remedy to the credit expansions begins in earnest. But those who stole will be getting interest on their, your, money!
When they do invest, they will be buying at bottom! Credit expansions are so good for everyone, don't you think?
A hint: what can get people to forget this crime?
A bigger one, like global war or radiation plumes!
http://www.activistpost.com/2011/06/radioactive-tritium-leaks-found-at-48.html
ReplyDeleteHi everybody!
ReplyDeleteSome serious stuff here. I recently stumbled on a piece of info which I link below because I think it's worth reading, understanding and debating. It is also important to know what is brewing in people's minds.
As for the actions the authors propose (last section), difficult to say, I think it can only happen if people's collective consciousness evolves enough for things to move. It's true that our society, as a whole, got into a pretty big mess and faces a wall.
Although it is difficult to disagree with the message below, the problem is that there are much bigger issues in store for us all. Indeed, one of such issues is population growth, which has been tremendous in the course of the past century (ies). By the way, population growth also exhibits exponential growth pattern....
I think that the problems with the current financial model (which is set to expire sooner rather than later, whether we want it or not) are pretty much tied to the uncontrolled population growth "model".
Many people would be scandalized with the mere subject of population control, but what is clear is that there are not enough ressources for everybody on this Earth. Even if someone devised a system of equal distribution of wealth and ressources accross the globe, there is simply not enough of those for everybody. So, what to do?...
Actually, shall people be evolved enough collectively, things would just happen by themselves (both on financial system and "ideal" population level and distribution fronts).
Anyway, enjoy the reading, here is the link:
http://1info.weebly.com)
Don't forget the carpet baggers who have all that interest cash like my great-great grandfather Dabney who visited the South after the Civil War and picked up on enough to raise quite a family. Of course great grandpa Dabney, an attorney, was killed in a mining accident in Montana, apparently from taking too big a bite out of the middle of the road.
ReplyDelete