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IMF Director Admits: Greek Bailout Was "To Save German & French Banks"
For the first time in public, though practically the entire world assumed it, an official from The IMF has admitted that the various Greek bailouts were not for The Greeks at all... "They gave money to save German and French banks, not Greece,” Paolo Batista, one of the Executive Directors of International Monetary Fund told Greek private Alpha TV on Tuesday. As KeepTalkingGreece reports, Batista then went on to strongly criticized not only the euro zone and the European Central Bank but also the IMF and the Fund’s managing Director Christine Lagarde for defending Europe much too much...
Oops! "The Greek issues were not the best handled by The IMF... They put too much of a bruden on Greece and not enough of a burden on Greece's creditors"
Batista thenurged Greece to directly negotiate with the IMF and favored the restructuring of the Greek debt that is been hold by the European partners.
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Banks looking out for themselves at the expense of people's self determination? This is unbelievable.
Yep, 81 cents of every buck went to... drumroll.... THE FILTHY BANKSTERS.
if I didn't know better I'd think this was a ponzi............:-)
exactly like I have been saying on here for months(along with many others), but its funny to hear someone admit it.
Get your facts first, then you can distort them as you please.
Mark Twain
If the facts don't fit the theory, change the facts.
Albert Einstein
There are no facts, only interpretations.
Friedrich Nietzsche
Greeks are in no way collectively blameless for their country's problems (as are no nations' citizens), but the banksters are fucking them up the ass real good & hard now.
Portuguese, Italians, Spaniards, Irish, English, Germans, Americans, Canadians - everyone is getting gang raped by the bankster motherfuckers high and hard.
I'd like to see public executions of banksters, by stoning & other such methods.
How about this as the half time show for the Super Bowl and World Cup:
Banksters are skinned alive and then tossed into the ocean (salt water rinse).
If you prick us do we not bleed? If you tickle us do we not laugh? If you poison us do we not die? And if you wrong us shall we not revenge?
William Shakespeare
The shitty part here is we the US taxpayer own 17% of the IMF balance sheet and are obligated to 17% of any writeoff that happens from the fucking IMF buying shitty junk bonds written by Greece and sold to us by ass raping euro bankers.
Have no doubt, the greeks will default one way or another, and people who pay taxes with get screwed for it.
Government debt should not be allowed. it is fucking retarded to continue letting the lying class steal from the working class to benefit the bankers.
Well honestly, what are any of you going to do about it?
I could state all the reasons why humanity is going to go back into slavery, and there is nothing anyone can do about it, but I wouldn't want to offend anyone.
Nope, voluntary security slavery maybe, but not forced, the individual has too much firepower. Just imagine had the medieval serfs invented and possessed crossbow Gatling guns.
exactly like I have been saying on here for months(along with many others), but its funny to hear someone admit it.
My guess is that more than 81 cents of every Euro that got borrowed from "THE FILTHY BANKERS" ended up in the pockets of various government types and their cronies.
This is what happens when you (the ordinary citizen) let someone else charge stuff in your name. It is happening everywhere and will end up the same everywhere.
Well where did the PIG SHIT FILTHY BANKSTERS GET THE FUCKING MONEY TO CREATE DEBT SLAVES? Did they work for it? OR WAS IT CREATED OUT OF THIN AIR?
I’m pretty sure you can filter it down to a few individuals Who got all the money.
Fuck the banksters, fuck them all.
Bankers = Cookie Monster. Money = cookies. There is no other outcome than Cookie Monster eating all the cookies.
Quinvarius
Simply, however, succinctly put that even Nuland would appreciate . . oh wait . . .
But reality, we all knew it was to keep Germany and France banks solvent. Was never matter of throwing good money for bad.
Think if Greece went default, Spain, Italy, Portugal, Ireland would go. what would Western banks look like ?
Obviously it would have been cheaper to setup new national banks owned by the citizens / taxpayes of France and Germany and sell off the shares privately over ten years in whole or in part was far far cheaper and less risky
so why did they do this? AND blew up the taxpayers everywhere - especially Ireland and Spain - where the private banks were the bulk of the debt transferred to government balance sheet - WHO REALLY OWNED THESE BANKS?
this is amazing issue - why not let them go Bankrupt????????
and start new banks
WHO REALLY OWNED THESE BANKS?
same people who owned federal reserve
Wasn't Greece suppose to run out of money today?
The bankers needed and got help to make this happen. Yanis Varoufakisdf and Alexis Tsipras are very educated and knew the score. These two are and always were traitors to the Greek people. First with the fake "negotiations" that resulted in the banks getting everything they wanted plus stipulations were put into the agreement that forbid the Greeks from making any changes (even by popular vote) for the next 4 months. As soon as that was done Yanis and Tsipras set about to looting the pools of money remaining in Greece and funneling much of it also to the bankers.
What Yanis and Tsipras are doing is no accident but was planned in advance. Including the use of official govt actions to suppress Golden Dawn and to paint them a nazis. What is flying under the radar for now is how they are converting bank debt that is bascially unsecured into public debt that is secured with the resources and infrastructure of Greece. The extent of this is not known but this was attempted by the bankers prior to Tsipras being elected with some success and appears to be a key element of the betrayal of the Greeks by there newly elected officials.
Clearly, IMO, default a month ago while holding onto what remains of Greece was vastly preferable to default later after said default has been staged so that foreign bankers, elites and corporations take Greece itself as recently pledged collateral.
This is going to be a disaster for the Greeks, they will rent their roads, water supply, electrical generation and supply lines, sewers and everything else from foreign elites in the end, and this appears to be the intent of Yanis and Tsipras. The Greeks would then beg for monthly supplements just live a meger life with no economy to provide opportunity and no more Greek natural resources to use to try a restart.
Russia should stay away now as they could be made bag holders or even have riduculas lies issued by the west and Greek puppets to make Russia in some way the culprit.
Stumpy are you insinuating that the FM & PM of Greece are equal in motherfuckery to Obama? Could those two folks look the citizens in the face just like Obama did and lie through their fucking teeth . . . ?
Hope your wrong but expect you're right, buddy.
Yes I am. I would like ot be clear to others that I am not disparaging the Greeks beyond what I would the US citizens. I would still hold them above the US sheep. They just have had less to work with and do not have control of the global currency.
yes - RENTS - EVERYWHERE --- Ukraine will be the same and the people will have no way to make a living - vast tracks of land and countries without people - all free cash flow transferred out - nothing local - no decisions local - all offshore
this is the model along with Oligarchs as Govenors as in the Oblasts - and then feudal society
only solution for Greece is the same as Eastern Ukraine - blow up the system
Szirya are scumbags - this is the end
Default should have occurred 5 years ago when shit started.
Banksters always get their money in the end. Duesthe Fucking Bank etc.
The poor Greek people take it up the ass as usual.
Good cop bad cop, nothing much to see here. This prick is just trying to get in the Greeks mind, that he is on their side. Deals will be done whatever just to keep this shitfest going, Dont take your eye of the ball, the squid is coming at you from all angles.
Observation, you got to give it to him the seamless way he said Troika then INSTITUTIONS so quickly and then deals with PARTNERS ! I can imagine the intellectual motorcycled one getting a boner listenting to him talking, his language. Also helpfully suggesting that the Greeks pay the IMF in full and do the deals with the other debts. Who are the IMF anyway, the same bloodsuckers all around. ALSO they must have looked long and hard to find this gormless kid to front the interview . Man these guys are good L O L
thank you captain obvious
He said what Mathew Haarsager didn't have the balls to (or orders not to)... Why is it always the BRICS???
+1 ... because they are slightly pissed off?
Inglorious Batistas
So was qe2
and thank you Greek pensioners and social security recipients for saving those German and French banks! you should feel good
Paying back odious debt in an open-loop system in which the available currency units in the currency lifecycle cannot possibly pay back the interest. Yeah... about that.
Confirmed one more time: The IMF knew ...
too bad the greeks couldn't say nein to the bank bailouts
So...if the banks are "saved"...,Greece is up shit-creek, unless they follow-thru on this last arrow in their quiver:
http://www.keeptalkinggreece.com/2015/03/04/migration-policy-change-docu...
How long can you hold the poor by their ankles and keep shaking?
3000 years and counting
Only thing to stop this behavior of looting the public is to haul these banksters off to prison where they belong.
Of course they know their above the law.
Eric Holder even said he wouldn't prosecute the TBTF.
they are the law
Frederic Bastiat's "The Law" - good read for youngsters, review for elders
http://bastiat.org/en/the_law.html#SECTION_G001
Hauling off to piston? Who's going to pay te costs. Wouldn't one bullet to the head defray some costs?
They need to repay us anyhow.
rope
Oh come on this can't be true! I was under the impression that it was done for the peoples!
Hey, they may as well just rip the curtain back, everyone with a brain knows what the fuck is going on! Banksters Inc. runs the world...Always has!
Of course the easy way to control the serfs is to promise some new stuff! Or just pass out free i-phones, that would quell any problems!
Past time to swing a few from lamp posts!
You rub my ballz, I rub your ballz. Do you spit or swallow?
IMF INTERNATIONAL MAFIA FINANCING
Does this also mean if someone was protesting against this bailout programme and got beaten up for it by the police, that the police were actually thugs for the banksters?
yes
Half true. It was to bail out Deutche Bank and Societe General but also Wall St too. Basically every entity that either issued or bought CDS on Greek debt and to a lesser extent the central banks and private creditors of Greek bonds.
+1 and with a special mention of the Vampire Squid that orchestrated most of this mess and... all the Greek banks issuing CDSs on Greek sovereign debt and...
... all the Cypriot banks leveraging Greek debt with Russian and Israeli private funds mixed with Greek bank issued CDSs
plenty of blame to spread around. and don't get me started on all the British chips on whatever looks like "anti-EUR" bets, a national favourite
You mean like how Goldman Sachs was bailed out thru the backdoor of AIG ????
IMF is at work to save Ukraine.
"Ukraine will close 500 universities and colleges. No, it's not "evil Putin" but friendly and caring IMF ultimatum"
Many of the western coal mines were ordered closed, and 800 miners caught protesting these closings were immediately visited by Kiev Commissars delivering draft call up notices to each miner. If refused, the miners will face five years in jail.
These are just a few of the IMF demands in return for 10 of billions in loans to the Juta governement.
there will be no people - in 20 years - everyone will speak english - these people go into military - there are no jobs - and get murdered by Kiev Fascists by default - their family gets Murdered by Neglect - off everyone and the land goes to Monsanto and Biden Family
why not join the East Ukrainians - go for broke and take the east and march north and get rid of Nuland and her merry men in Kiev ?
What loans? I don't care what the IMF say, they're not going to lend money to a government fighting a war that it's almost certain to lose.
All the IMF really want is for the Kiev junta to destroy as much of what remains of the Little Russian economy as possible. The more it costs Putin to rebuild liberated Little Russia from scratch, the fewer resources he can devote to defeating the Fourth Reich---and the more time it buys for German banksters to cash out before the Russian army arrive in Frankfurt.
The time-tested German tactic of blowing up everything of value as you retreat from eastern Europe, to stop the Russians getting it.
At least Uncle Adolf had the good manners to admit the last time that if the Germans were defeated by the Soviets and wiped off the map of Europe for good, it was nobody's fault but their own.
The Ukrainians are ultimately responsible for their current terrible situation. They let Nuland come in, hand out cookies and foment a revolution against the elected Government. They then allowed her fellow Tribalists take over most of the key business and political positions and even allowed their gold to be whisked off to America. Then as instructed they went off to fight their fellow countrymen in the east.
They've been f*cked over by the Tribe so many times, both as Ukraine and the USSR that they have no excuse for not having learned and for being duped into this latest disaster.
Apart from the IMF Jack there is other money coming in that needs to be 'controlled'. You might like this!
I have no idea about the accuracy of this report which could be complete B/S and excuse the auto translation, but with Germany and France offering loans/grants/help on banking systems to Kiev there has to be a route in for that money that includes the current PTB. Well, this could be it. I especially like the tongue in cheek last sentence, the Germans clearly get sarcasm.
Three Ukrainian oligarchs have prominent former EU politicians enlisted: In your "Agency for the modernisation of Ukraine" should the politicians - Ministers, EU commissioners and lobbyists - the oligarchs help to generate new business. Among them are the SPD politician Peer Steinbrück, and Günter Verheugen. The former Finance Minister and Ex-SPD candidate for the chancellorship Peer Steinbrück, the Ukraine at the establishment of a modern banking help. As several Austrian media consistently reports, will Steinbrück, along with other prominent personalities from the West for the "Agency for the modernisation of Ukraine" work. Steinbrücks Bundestagsbüro expressed on request, not at first.
As Director of the new consultant Agency in Vienna on Tuesday, the former Austrian Vice-Chancellor and Finance Minister Michael Spindelegger presented. Co-founder of the Beraterkreises was the CDU member of Parliament Karl-Georg Wellmann. At the Kiev Mission also want the French philosopher Bernard-Henry Levy, the former German EU Commissioner Günter Verheugen (SPD) and the French Ex-foreign Minister Bernard Kouchner. Also on Board are the former EU commissioners, Stefan Füle (Integration) and Peter Mandelson (trade).
Tuesday afternoon confirmed Spindelegger, that the German policy Advisor Udo Brockhausen in the direction of the new company's move will be, reported to the press.
The Federal government had recently announced, with 500 million euros in loan guarantees for the reconstruction of the Ukraine to participate. The Ukrainian Oligarch Dmitry Firtash, in Austria under house arrest, told the Handelsblatt that he wanted to share with other oligarchs in the Initiative to participate: "We want to do with Germany a guarantee Fund of about $ 500 million to create, in the larger companies, such as Rinat Achmetow, Viktor Pintschuk, I, and others, to invest your money." Also the oligarchs Achemtow and Pintschuk enjoy a dubious reputation: Achemtov acts as the godfather in the Donbass, at the beginning of the war, he supported the rebels. Pintschuk is the son-in-law in the Ukraine because of its mix of politics and business expresses unpopular former President Leonid Kuchma.
On the Minsk Friedensgipfel, it was agreed that France and Germany have a access to the Ukrainian banking sector to receive and recover. In an official statement, it says: "Germany and France are technical Expertise for the recovery of the banking sector in the affected areas of conflict to make available, possibly through the creation of an international mechanism for the facilitation of social transfers."
The oligarchs dominate traditional politics and the economy in Ukraine. With the new joint venture, you will be able, with European and international tax new projects to Fund.
The extent of selflessness in dealing with the expected “auxiliary billion” is likely to be manageable.
http://deutsche-wirtschafts-nachrich...en-oligarchen/
I don't know about the rest of your post but Peter Mandelson is total scum.
If Only . . if only WE the Unclean Disunites had 20% of the Resolve of those pesky varmints of the political and financial persuasion, we would be contenders, fucking contenders i tell you, right up there . . . to dream . . ah but to rise . . rise up from that cowardly lazy slumber . . . alas . . 't is no more likely than the pure virgin Venus Nuland laying down her cookies.
Jeezus!
We saw what you did and we know who you are!
The Germans lent money to Grease so the Greeks could buy German cars and German products that they otherwise could not afford.
Buying a drunk another drink to keep him intoxicated is not cure the drunk of Alcoholism.
Traditional war, using expensive technology to drop ordinance onto innocent populations is well understood and accepted. Economic warfare is well less understood, except to the same psychopaths who run the show.
Greece is dun for and needs to return to the economic basket case they've come from, and just provide cheap sunny holidays for those who live in poorer climates. Same goes for Spain and Portugal. As for Ireland, they just need to go back to Poitin and fist fighting.
Plato went into a Greek bank and borrowed 100k Euros to buy a Porsche. The Greek bank borrowed 110k from one German bank, who repoed it to a send German bank, who built it into a three-level tranched derivative and sold it for 200k to the German schoolteachers union. Plato totalled the car the next day and now cannot be found. ECB declares a 500k Euro crisis and wants everyone in Greece to contribute ten Euros towards a bailout. Sounds reasonable to me.
The Great Plan is
First: economically destroy a country by whatever means possible---whether by war, by taking over the country's Sovereign Right to manage its own currency and finance, by trade tariffs and embargos, or any other means--
Second: run the country into a debt that they can never repay---
Third: transfer the debt by extending (IMF) loans to "bail out" country, ie. provide money to the bankers that hold the debt---
Fourth: collateralize the debt by national hard assets of the country--
Fifth: foreclose on the collateral by selling the national assets to foreign "investors" for pennies on the dollar (usually having a murky relationship to the debtors that the IMF has earmarked their "bailout" money for)
It is most vile, filthy corrupt, criminal form of economic warfare of domination on a grand scale, often but not always supported by actual military warfare and killing of innocent civilian populations.
It is not simply crime but an enormity.
I am only half-suggesting that the "Great Plan" is thoughtfully pre-planned and laid out in detail in some smoke-filled board room.
For the most part this sequence of events happens naturally and opportunistically "in the normal course of events".
Strangely enough there are always enough opportunist bankers and "investors" ready and waiting like vultures to take advantage of what has become the well-established and regularly repeated course of economic events.
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Did William Casey (CIA Director) really say, "We'll know our disinformation program is complete when everything the American public believes is false."?
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then comes cultivated contempt, i believe
it is a crime unto itself, a bastard crime
as it were. i know that crime.
Paolo Batista meet Mr Nail Gun in 3 2 1
The reak news here is not the truth about the "Greek bailout" actually being a bailout of French and German (and Italian and UK) banks - those facts have been evident for a long time, though not discussed in the MSM.
The real story here is that a bankster is trying a strategy to avoid being suicided by getting his knowledge out before he is silenced. Now we'll see whether he and his family meet a "murder - suicide" end as revenge for blabbing a confirmation of the struth.