Image via WikipediaOur allegations and suspicions that the Greek debt is a”fake crises” and that the debts amounted are illegitimate are proving to be true. I have taken a lot of criticism by many people here, and abroad for believing this theory, but it doesn’t take a rocket scientist to conclude why they are doing what they are doing.
I mean I know the Greek public debt is high, but nonetheless it was manageable up until 2 years ago… or before PASOK took government. On many of my earlier posts I have also underlined that it showed extraordinary and unexplained growth in 2009, right after the conservative right-wing party of New Democracy got toppled.
I am not one to charge that the present socialist government (more like a dictator-type system to me) purposely dragged our country to the IMF and the global banking cartel… but our prime minister was looking into their loans many months before he took office. Of course he denied it for almost 17 months, and I have also posted countless videos of him denying on camera, but nevertheless he was forced to admit it several weeks ago when the IMF head leaked that they were holding talks before the 2009 October elections.
Why am I so passionate about my theory that it's a fake crisis: Well the debt in Ireland only escalated once the debts of private banks were added to it, and not before. Portugal and Spain threaten to go the same way. Similar trends can be seen in other European countries, the UK not excluded. It is so clear that it is the US dollar hitting the Euro and not a matter of debt.
Take Iceland for example. This country’s three hugest banks failed, because of deliberate attacks by rumor spreading short-selling international hedge funds. I mean these people literally woke up to their economy in ruins, their standards of living took a nose dive and governments in Scandinavia and England demanded that they pay the bill for excesses of the financial sector.
But the government there did not force the public to accept the losses of private bankers. A whopping 93 percent of Icelanders rebuffed a government push to reimburse Britain and the Netherlands 5.3 billion US dollars from the October 2008 collapse of Landsbanki, an Icelandic Internet bank. The failure left Britain and the Netherlands, the two nations where the bank operated internationally, to step in and partially pay back billions lost by their citizens, lured in by the bank's high interest rates
After taking this decision, as well as bearable austerity measures, things are finally looking up for the island nation it has even shown signs of growth.
Back to our subject, and before I get to the details behind this new initiative that is set to examine the Greek debt, I just want to also add that if this new Commission’s findings do actually uncover unlawful behavior as far as our debt is concerned… then it is an act of treason against our country. That is a strong word, but nonetheless there is no other that can describe what they have done to the people of this nation.
Also, I just want to say that it is a message of relief and answer to all of those who continually criticize and bash the Greek people for bringing the crises on themselves because they are just corrupt, lazy and simple tax evaders. For the 100 th time… we are not all corrupt, we work hard to make ends meet and we are not all tax evaders. This country has many decent and prominent people…. and today after hearing this news I feel so relieved that someone is finally taking an initiative to weed out all of those that tarnish our image.
If you understand Greek, I strongly suggest that you watch this video. This is the head of the initiative mentioned, and he explains in detail why there are suspicions that the debt crises is fake.
So what is this initiative about? More than 200 prominent Greek and international figures launched a call two days ago to audit Greece’s debts. And I say… it’s about time!
These personalities, according to a press release, include prestigious economists, activists, academics and parliamentarians from across the world. They demand the establishment of a Public Commission to examine the debts that lie at the root of Greece’s crisis, and would examine the legality and legitimacy of those debts, with a view to negotiating better terms and hold (and point out) those responsible for unjust debts to the debt account. – If this happens, it will definitely turn the whole political climate around in Greece and prove our suspicions that our present government “helped” to open the door to the global banking cartel, for its own interests even more.
Already, and without even beginning the investigation, some of the members said that in Greece as elsewhere, ordinary people are being forced to pay for the recklessness and greed of the banks through harsh austerity measures.
Indeed, the banks have been allowed to gamble with the lives and livelihoods of the poor for too long. It is time all Hellenes stood up against the power of these finance centres and put themselves back in charge of their own economies.
The announcement went on to say that in Greece, as throughout the developing world, a debt audit commission is a vital step towards a more just financial system. Debt audits have been used across the world to allow civil society to hold to account those responsible for the damage caused by their country’s indebtedness. An audit in Ecuador in 2008 encouraged President Correa to default on some of Ecuador’s most unjust debt, leading to a write-down by borrowers. Two former Ecuadorian ministers have signed the call to support an audit in Greece, alongside Members of the European Parliament, international economists and academics and civil society representatives.
The call, which was launched in Athens 2 days ago, says that Greece has been at the forefront of EU rescue programs, but the Greek people have been kept in the dark regarding the composition and terms of public debt. They said that the lack of information represents a fundamental failure of the democratic process, and the people who are called upon to bear the costs of EU programs have a democratic right to receive full information on public debt.
This is completely true… we have been told many lies about our debt, never in detail and always in a “fluff” fashion. Our government does not want us to know the real reasons behind this so-called bloated debt… and I say with what right? If you went shopping and bought a bag of potatoes for 2.00 dollars and charged it with your credit card and when you received your statement you realized that instead of 2.00, they charged 5.00 dollars instead, wouldn’t you ask why? You definitely would ask… because no one wants to pay something that they are not responsible for… the same holds true for our debt. We cannot bail out the banks because they decided to play the bond market for profit…
Greeks, and other citizens across Europe, don't want to be penalised for the actions of a few. There's a strong sense of Déjà vu to all this... isn't there?
On the positive side, I have often also said that we are trendsetters… we are always the ones that set the way for other nations… if the Greek people succeed in this investigation, which I am sure they will, there is no reason why the Irish and others across Europe could not follow in their footsteps.
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