"This Is Not A Program to Salvage the [Greek] Economy, It's a Program for Pillage Before Bankruptcy"

George Washington's picture

Washington’s Blog

 

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

And see this and this.

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stiler's picture

they will ship all of their money overseas

so that at some point in the future the financial center of the world will be the middle east in rebuilt Babylon, the world's political and economic capitol. This is distinct from mystery Babylon in the bible, it is literal. In Revelation 18 it will be mourned by certain social classes of people when it is suddenly destroyed by the army of the free people at that time in Isaiah 13.

Zechariah 5:5-11 describes how it will become the world's economic center. The ephah was the standard measure of weight and symbol of economy as established by Moses, in this case corrupted by lead, a false measure. The symbolism is questioned by the prophet and interpreted by the angel. The lead was wickedness, a false measure. Isn't this what people are decrying today in the iniquity of the system? This wickedness is portrayed as two women who alight and lift the ephah to the land of Shinar (Babylon).

 

KanKhaderKhanKan's picture
"a program for pillage before bankruptcy"

Can anyone remember the South East Asian recession of the 90's? Well there were a few countries in that region - analogous to the recession in Europe - who refuse to borrow money from the IMF to pay back their debts to the bankers of wall street, one of them being Suharto's Indonesia, Suharto threatened a Samson act - MAD for the youngsters - by threatening to financially burn Wall Street lenders if they financially burnt Indonesia. Wall Street, as a result of this two finger salute, lobbied the White House - through of course through a former wall street crony Bill Clinton's treasury secretary - to force Indonesia to accept IMF loans to payback the Wall Street lenders, as soon as Wall Street recieved the Indonesian money IMF give to Suharto Wall Street financially 'crash and burnt' Indonesia. Suharto was soon toppled by the social unrest caused by the subsequent IMF austerity measures that were imposed on Indonesia. Why mention this on a Greek debt thread? The media chatter that comes from both the IMF, Wall Street and the banking cartel, Merkel & Obama regarding the Greek/Euro default-scare is a re-run of what happened in the 90's for Greece too will be burnt by Wall Street & the international banking cartel if it doesn't default and accepts, like Suharto's Indonesia, IMF austerity packages.

allenaki's picture

Video of how they try to dissolve the gathering late last night.

The Regime used provocation and tried to dissolve the Aganaktismenoi (indignados) people in front of the Parliament

after some turbulence and tear gasses, the people called "don't abandon the Syntagma Sq., do not answer to their provocations"

it's the second time they try it (because it was late and only a few people remained in front of the Parliament)

At the end, the people dance with the Greek flag

This Greek flag held by a priest is one of the very first flags used by the National Revolution against the ottomans, in 1821.

It is the Flag of Lakonia (Lakaidaimon, Dorieus, ancient Sparta)

It is a national struggle.

http://www.youtube.com/watch?v=ZytDTXAFViY&feature=player_embedded

allenaki's picture

Video of how they try to dissolve the gathering late last night.

The Regime used provocation and tried to dissolve the Aganaktismenoi (indignados) people in front of the Parliament

after some turbulence and tear gasses, the people called "don't abandon the Syntagma Sq., do not answer to their provocations"

it's the second time they try it (because it was late and only a few people remained in front of the Parliament)

At the end, the people dance with the Greek flag

This Greek flag held by a priest is one of the very first flags used by the National Revolution against the ottomans, in 1821.

It is the Flag of Lakonia (Lakaidaimon, Dorieus, ancient Sparta)

It is a national struggle.

http://www.youtube.com/watch?v=ZytDTXAFViY&feature=player_embedded

ljag's picture

I think Mulder says it all. All posts after his are mostly noise except that cranky old geezer who KNOWS he is talking to an empty room.

WizDumb's picture

How many money games until someone starts A HOT WAR OVER IT ??

 

Arch Duke Ferdinand's picture

Twelve Things that the Mainstream Media Is Being Strangely Quiet About.........

http://seenoevilspeaknoevilhearnoevil.blogspot.com/2011/06/12-things-tha...

libertador's picture

"...it's a program for pillage before bankruptcy..."

------------------------------------------------

well...this quote should be applied to the person who enunciates it.

pillage is the word that most accurately describes what the political class in southern europe has been doing over the past three decades.

public officials who have shown complete ineptitude in the conduct of its work have been rewarded with multiple positions gaining more of three and four public sector wages,no matter whether right or left of the political spectrum.

the welfare state has been a source of private businesses to these politicians and their patronage networks (mostly relatives, fellow party members and other vote collectors) ditching every opportunity to individuals and companies whose efforts and merits were much better suited for it.

it is clear that the invitation to join the euro area by the rich countries of central europe to peripherals did not pursue just to share prosperity in exchange of nothing. to  benefit from the aid that once represented to join the euro zone, had a high cost for countries like Spain who were forced to dismantle much of its heavy industry (shipbuilding, steel, automotive) and submitting a competitive agricultural sector to the  common agricultural policy (cap), a tool exclusively designed to protect the oversized and inefficient french farming sector.

it is also true that credit facilities which resulted through the incorporation into the single currency by peripherals were offset by the huge increase in imports of goods and services produced in the core countries of the european union.

but being an indisputable fact all of the above, the main cause of the imbalance between the economies of northern and southern europe is, undoubtedly, the poor quality of personal and professional elites in peripheral countries.

KickIce's picture

Land grab, and anything they can't buy or foreclose on they will attempt to control through legislation.

sethstorm's picture
  • Because the American economy is dead, their plan is to soon jump to another host. They will ship all of their money overseas

What says that the US won't pursue?  At some point, there will be too much popular attention to not pursue.

 

bill40's picture

Great article. As the demonstrations prove Greeks are united and will make sacrifices to help their country. It's just that at the end of all the pain they would like to see a benefit for their country instead of the parasite banksters. Quite reasonable I think.

 

What will we do when they come for the UK/US debts?

nah's picture

'governments' job traditionally has been to steal money from whomever the elite tell them too.... really can we vote for the police to replace the crooked lawyers in congress

.

maybe they would treat us better

The Navigator's picture

I hope they know the 'good' places to hide - and it better not be the places I know. My spider web is better.

Brian's picture

Nice post GW!

As soon as I read the title, it all came clear.  The people working on this package can't honestly believe that Greece will ever be able to outgrow its debt.  They are cratering into a depression that is so deep we may never have seen the likes of it before.  Why would the push so hard to throw government money after such an obviously lost cause?

Because they can force Greece, and then all the rest of the dominos into selling a huge amount of public assets into private hands before they drop.  

So obvious when it is pointed out, but so dastardly disguised by those engineering this theft.

GoldmanSux's picture

Pillaging indeed. Banks offing their crappy bonds to taxpayers. Only a week to go. They must be nervous. Greece will ultimately default anyways, it's just a question of how much they can off to sovereigns in the meantime.

whaletail's picture

[double post, apologies friends]

whaletail's picture

I believe the mob calls this a "bust out".

Bicycle Repairman's picture

Yes.  Anyone familiar with that concept "could see this coming".

cranky-old-geezer's picture

Well, well, well, I'm impressed, an on-topic article from GW that actually makes a point ...a financial point at that. 

Giving credit where credit is due, I must say well done GW.  Keep this up, i.e. continue doing on-topic financial stuff fitting the culture of this site, draw conclusions so your posts have some value (not just ranting), and who knows, I might dispense with the (G)utless (W)imp epitath.

Re the article, yes, all we're seeing now is bankers (and governments) plundering what little wealth is left around the world.  And yes they disquise it as trying to get economies going again. 

But you can't get economies going with more debt. 

It takes massive policy changes in government, retracting industry-destroying regulations, raising tariffs to discourage sending jobs offshore, things like that ...which of course won't happen.

P.S.  I still wish you'd stop plaigerizing George Washington.  He was a far better man than you are GW.

HungrySeagull's picture

They forgot one thing.

A infectious body is cremated. So as the host is turned to ashes so too the parasites within.

dark pools of soros's picture

....and this and this.. and this and this, this , this this.... etc etc

 

WE KNOW!!! Just randomly click any links on the internet and you find more this and thises !!  It aint no secret no more!!

How about suggesting ideas on what to do??  This place seems like a fucking debt prision most days..

 

How about figuring out who are the low men on the lobby pole so we can start getting them to defect BEFORE they are screwed by TPTB??   

 

How about getting local businesses to start exchanging their services for Time Bank credit??  Create websites that track and do evaluations of exchanges of services so NO MONEY CHANGES HANDS THUS NO CUT TO THE GOV/FED

Ranger4564's picture

If you really want to know what to do, stop using money.  Construct a civilization that addresses the problems for which we became "civilized" in the first place.  The whole fucking paradigm has been stolen, and making money not advancement is a prime example of the wrong think.  The point of evolution, progress, civilization, community, education, technological advancement, tool making, etc, was to figure out ways to produce enough surplus that everyone could be satisfied at some standard level to be determined.  That means, the primary reason for innovations has been to produce more food, shelter, clothing.  We made tools to make life and work easier, not to work harder.  Being clever and lazy is more desirable than being hard working moron.  So first, we need to decide what we really should value, and what we should discard as bad information / indoctrination.

Along the way, some fucking tools decided they would conquer the heathens, make them subservient, require hommage / taxes / interest / and so on.  By this, I'm referring to the so greats, Genghis Khan, Alexander the Great, Rome, Persia, Moors, Europe, US, and all of the other lowly thugs who oppressed peoples across the globe, in the name of "civilization", but who in fact just legitimized stealing from the poor / repression of difference / elimination of culture and knowledge, etc.  Out of this nightmare came all of the present day civilizations, including Capitalism, which have internalized this brutalism and practice it as if it's some sort of honorable trait.  It's a disease that needs to be treated.  Capitalism is almost entirely driven by transfer of wealth... and therein lies one huge problem... the poor are a necessary aspect and are reproduced by the economic system, in order to act as thwarts to misbehavior, and to act as source material for the extracted wealth.  There is a reason every system in the world relies on a hierarchical pyramidal scheme... it is all about exploitation / oppression / control.  Nothing noble in that, except that even the language belongs to the thugs, and the brutes consider themselves noble.

So here we are, the irony is that we live in a primarily Capitalist world, and the argument most people cite is that laborers have tried to extract too much from the system...the laborers are demanding ungodly comforts... who the fuck do they think they are expecting food, shelter, clothing, medical care, retirement, some freedom?  Hello, the entire fucking point of developing our civilization at all is to achieve these desires.  Otherwise, why bother negotiating with you or you, why wouldn't I just cut your balls off and live more comfortably on my own? The world is not built on competition, it is built fundamentally on cooperation.  Stop repeating the fucking lies and consider the environment you find yourself within.  Communities developed out of the you watch my back i watch yours experiment, and it generally worked, at a base level.  Do not let those at the top of the pyramid determine your language for you... use your brain / reasoning.

The laborers are not misguided, it is the henchmen / tools / capitalists / extractors / oppressors / thugs who are mistaken.  The reality is, it is the ultimate capitalists who are killing the worlds populations right now, not the lower classes / laborers.  Who is extracting the most out of the system today?  What do they need to maintain their existence?  Do you really think that it is just a bad bunch of dumbasses who mistakenly diverted our society into the abyss?  No, it's the top tier of capitalists, who I refer to as the financiers, who are hell bent on subjugating the entire world even further, by extracting that much more wealth.  And you call yourselves capitalists?

So the solution is to be aware of the real goal... not to make more than the neighbor so you can live like "royalty", but to make more so that everyone can live.  There is such a movement starting, and it will eventually win... whether people come along kicking and screaming or willingly.  There is no reason such a system has to be oppressive... in fact, if the goal and result is surplus production, then that should produce more freedoms as well.  But a global centralized planned community is not ideal, so I personally envision multiple interdependent nodes who can keep a check on the conditions in other nodes.  Kind of like nations, but more like different factories.  The more nodes the better, but the aim is the same, surplus production.

Zeitgeist is trying to address the paradigm shift I speak of but to be honest, I don't know much about them... I came to seeingly similar conclusions on my own over the course of my own life.  Automation is the only way forward, as it allows the most product with the least human input of surplus value.  Automation also frees up people to perform more meaningful tasks, whether that's arts / research / technological development / etc.  Automation is just a tool... it is already resoponsible for displacing the most labor thus far, and instead of it being a burden on the laborer society, it could be redirected as an advantage.  But in order to do that, you would need to stop using money, and stop using placebos to address your low self esteem issues.  In the end, population control and resource distribution does not need to be handled by such brutality. Planning is much more "civilized" than reacting, isn't it.

doomandbloom's picture

you are right......couldnt have said better myself..

some people will call u marxist, socialist etc...but by binding your brilliance by these definitions, will not help.

 

instinctiveDrift's picture

Spoken like a true socialist. Marx would be proud. It's fairly obvious you don't understand capitalism if you believe that's the cause of the worlds woes right now or that capitalism actually exists in the world today.

Vendetta's picture

Likely 'the big plan' is to pillage the world, the fed bankers will resign their charter in the US, and set up shop in the 'World Financial Center' in Shanghai and continue their world pillage schemes from there.

Old Poor Richard's picture

Banksters dried out all their wells, sucking all they could out of the economy.

Now they're emptying government coffers.

Next will be banks seizing/"taxing" citizens' deposits.

Then wages.

Until there's nothing left.

Most parasites don't kill their hosts promptly because it is evolutionarily disadventageous.  But banksters are special form of mutant, a wild strain that's only been widespread a few hundred years.  And they reproduce like parasites do, quickly overrunning the earth.

 

Ranger4564's picture

For anyone willing to look honestly at what has been transpiring, it's plainly obvious.  For the vast majority for whom the world must fit their world view, instead of the otehr way around, there is nothing out of the ordinary occurring, because within the blinders, everything is still just as dark as it always has been.

 

In other words, wake the fuck up... the shit has hit the fan, and the self effacing denial is doing nothing but preventing the necessary momentum from developing to address this fucking nightmare.  We are being raped and pillaged, $1 at a time, 1 nation at a time.  This is not some mistake that the citizenry made, this is a war that finance is waging against all "lower class" personages.  That includes YOU by the way.

 

Oh well, I know, I know, I am just talking to an empty room.  Damn it. 

snowball777's picture

If, after having been exposed to someone's presence, you feel as if you've lost a quart of plasma, avoid that presence. You need it like you need pernicious anemia. We don't like to hear the word "vampire" around here; we're trying to improve our public image...to build a kindly, avuncular, benevolent image; "interdependence" is the keyword -- "enlightened interdependence". Life in all its rich variety, take a little, leave a little. However, by the inexorable logistics of the vampiric process, they always take more than they need -- and why, indeed, should they take any? Avoid fuck-ups. Fools, I call them. You all know the type -- no matter how good it sounds, everything they have anything to do with turns into a disaster. Trouble for themselves and everyone connected with them. A fool is bad news, and it rubs off -- don't let it rub off on you. Do not proffer sympathy to the mentally ill; it is a bottomless pit. Tell them firmly, "I am not paid to listen to this drivel -- you are a terminal fool!" Otherwise, they may make you as crazy as they are. Above all, avoid confirmed criminals. They are a special malignant strain of fool.

Augustus's picture

Quoting an imbecilic lefty Greek politician is simply bizare.  Let me see here:  The euro zone is preparing to pillage Greece by writing them a check for billions of euro, after buying their worthless bonds.  I could really enjoy getting pillaged in that way. The bankers write me a check to cover the rollovers of past deficits and debts while also funding next years give aways.  How much better could "getting plundered" become?  Lefty Greeks have a real sickness of entitlement.

Then, in the usual Geo Wash fashion, it finds someone with supposed economic authority and expertise to quote.  The expertise is supported by Geo Wash noting that the person has one of those advanced degrees in economics.  A PhD. no less.  How simply wonderful that Geo accepts whatever someone with a PhD. will write.  It must explain why Bernacke and Krugman are among his favorites to read and quote.  The latter economist also enjoys the benefits of winning a Nobel Prize in Economics.  Surely that puts Krugman's views above any questioning.

Al Gorerhythm's picture

Come now, Augustus. I note that you have been skulking in the shadows for 1 year and 20 something weeks on this site, and you have yet to learn that the IMF cheque to the Greeks is simply a rescheduling of the old debt with the forced addition of more.

Bankers will not forgo interest payments on debt. They will not allow a customer to abandon ship by default. They siphon wealth to central coffers by bleeding a nation of its wealth through debt payments and then take away its sovereignty. It's their playbook.

The idea is to crush liberty and honest money until the collective unwashed beg for salvation from the very people who put them there. They will extend more debt. It's what they are doing right now! Look around.

Remove the blinkers, there's a wider vista to be absorbed.

Al Gorerhythm's picture

Looking above, it looks as though those blinkers are a physiological appendage. That type, I'm afraid, can only be removed by surgical procedure. Lobotomy is your only cure. 

Guy Fawkes Mulder's picture

Then, in the usual Geo Wash fashion, it finds someone with supposed economic authority and expertise to quote. The expertise is supported by Geo Wash noting that the person has one of those advanced degrees in economics. A PhD. no less. How simply wonderful that Geo accepts whatever someone with a PhD. will write. It must explain why Bernacke and Krugman are among his favorites to read and quote. The latter economist also enjoys the benefits of winning a Nobel Prize in Economics. Surely that puts Krugman's views above any questioning.

I don't think that most people regard the phrase "economic authority" as anything other than a contradiction in terms. I believe that GW does not think that any person is an expert in economics. I do believe that when someone in a job with some authority, responsibility, or power in the public arena is willing to make a statement such as "this is pillage before an inevitable bankruptcy", then that is newsworthy and that is why GW made a post out of it.

Furthermore, let's not put all the blame on the rape victims here, as you seem quick to do. The Greek people (much like basically every first-world economy's people) are in the stuck in the situation where GDP is shrinking or not growing fast enough anymore for the once-booming paradigm of deficits and debt rollovers to work any more. Is it fair to blame the people, in part, for waste, dissipation, and negligent, unsustainable financial planning? Yes!, to be sure.

However, consider the blame that should be given to the rapists -- the financial class. These guys know how the credit money (aka "debt money")  paradigm requires growth or else it collapses -- they know that money is created from debt, and that not enough money is created to pay off the debt -- they know the financial economy is musical chairs, with the number of safe chairs decreasing all the time -- and they are demanding that the people keep playing this money game and take austerity measures that will never solve the fundamental problem -- they are just pillaging assets at mafia bribe money prices and firesale prices and it's not going to do anything to alter the fact that the debts the world over are ultimately unpayable.

I, for one, am glad to hear this quote that is plainly true, is not coming from a "wingnut doomer", and I am glad that GW made this post.

The people everywhere near to hear these things that the MSM is not telling them, need to wake up to the fundamental problem of our monetary system before they are all Greeks themselves, slaves to the bankers who will own virtually everything the whole globe over.

Augustus's picture

I do believe that when someone in a job with some authority, responsibility, or power in the public arena is willing to make a statement such as "this is pillage before an inevitable bankruptcy", then that is newsworthy and that is why GW made a post out of it.

That would also then make Andy Stern an economic newsworthy expert.  Bill Ayeres should be in charge of the US Treasury.

The Greek Lefties are blaming everyone but themselves and will say anything to convince some of the public that their policies are not to blame.  How can the economy be expected to grow when no one is actually working and producing.  Retire at 55 and draw a government check forever, funded by plundering the neighboring states.  And when the neighbors actually are writing a big check to keep those Greeks comfortable for a while longer, loudly proclaim that the neighbors are doing the pillaging.  Now that is a real prescription for economic expansion.  Don't eat that sh*t grand dad, it will make you sick.

Pay those taxes now.  Estimated taxes for the first five months were due June 15.  12 million illegal aliens and another 30 million legal citizens sitting on their butts are counting on you.  You cannot "exploit them" by paying them what they are really worth, but they can exploit from you about everything you think you own.

Guy Fawkes Mulder's picture

...I am speechless.

You are truly a great mind.

You have devasted my case in one neat swoop, and I am humbled by you.

I thought you would fail to comprehend my argument, miss half of my points, and then reply with unenlightening garbage that misses the point -- how wrong I was!

Do you have a fan club I could join?

I used to think that the solutions to the world's economic problems would require new ways of thinking and new paradigms after the old ones collapse, but now I can see that what we need most is to apply traditional, conservative, right-wing thinking and dictums.

Augustus's picture

You had no case to devestate.

It has nothing to do with applying "traditional, conservative, or right-wing thinking."  You can well see that the policies of the repressives have failed time after time after time after time again.  Expecting them to generate increasing incomes is to continue a belief in fairy tales.

theopco's picture

How nice it must be for you to post your point-ignoring, ad hominem astroturf garbage here. I really enjoy seeing your meat-slurry of ignorant Mouth of Sauron Media bile. It really adds a LOT to the discussion.

 

So, thanks for just being you.

Vic Vinegar's picture

Perhaps I’ll quit Zero Hedge soon (still the greatest website around but at the end of the day…what comes of it) yet I keep coming back for these George Washington articles, among many other things.

Anatomy of a George Washington article and its comments:

  1. Yeoman’s work by the author
  2. Assorted genuine patriots who understand what is happening
  3. Assorted reactionaries who hate him
  4. Assorted lunatic-fringe members (just kidding - most in this group are damn-near geniuses)

And at the end of the day, nothing changes.

Since we have #3 above, rather than suggest this person is a paid operative, I will just link to iCarly.  You may hate facebook, understand the web is a giant spy-grid and still try and protect your privacy, but kids today don’t give a shit about you, old-timer:

http://www.icarly.com/

Goodnight and goodluck to y'all. 

jack stephan's picture

Bloodsucking the cradle of civilization.........nice.

 

Westcoastliberal's picture

Whether we peons realize it by now or not, the 1/10th of 1%ers declared war on us some time ago.  They're still attacking because we've done next to nothing to protect ourselves.  Our political system is useless because the supposed safeguards aren't working.  Everybody up and down the line are bought and paid for, and most are not about to screw up the good thing they've got to help your sorry ass.

It's going to be this way until people wake up and realize they've got to individually push back.  I'll give you a little example.

Recently U.S. Bank decided to impose a $30 a year fee on IRA's.  I received this notice in the middle of the term on a little CD on deposit there.  $30 is damn near more interest than I receive on a 9 month term, so I protested the charge.  I talked with an 800# customer rep, exchanged emails with a branch asst mgr, then finally a live teller at a branch.  No dice, read the fine print, they said.  We can charge you fees whenever WE decide to levy them.

Frustrated, I filed a complaint with the Comptroller of the currency.  Magically less than 10 days later, I receive a response to my complaint from U.S. Bank, telling me while they're entitled to the $30, they'll waive it this time because they value me as a customer.  How sweet.

My point is, don't let little things like this slide.  I'm sure I cost U.S. Bank much more in their employee's time than the $30 they tried....and didn't...get.

DosZap's picture

For the $30.00 fee take your cash out of they honking bank.

It's safer w/you at home anyway.

J U D G E M E N T's picture

I bow down before you!

Awesome job!

Vic Vinegar's picture

True true yet again.

To put it in terms that may seem simplistic yet are true: the natural enemy of TPTB are Zero Hedge readers (and other readers of wonderful alternative media sites).

To reference the comment originally posted at the top of this fine article:

Short, sweet and to the point.

If there are people out there who fancy themselves good guys, then they should ______ about this.

In terms of this go-round, you can clutch your guns and gold all you want.  Me, I’m looking to teach my children well and expecting others do the same. 

In the interim, don’t fret – we still have Lucy Pinder…

http://www.youtube.com/watch?v=y6MZVSHmIFQ&feature=youtube_gdata 

alex_g's picture

"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."

Quote has kind of gone viral in the media...I guess only the opposition has the balls to tell the truth


IQ 101's picture

The phoney economy reminds me of...

 

 http://en.wikipedia.org/wiki/Phoney_War

Then the SHTF.

Herbert_guthrie's picture

The Red Shield/Usury Clan really have set the new standard for low-life criminality with their multi-decade theft plan.

CompassionateFascist's picture

The Tribe rises, the Tribe falls...and it's always darkest before the dawn. Their time is running out.