This page has been archived and commenting is disabled.
Germany Just Killed Its Golden Goose
Submitted by Raul Ilargi Meijer via The Automatic Earth blog,
Personally, like most of you, I always thought Germany, besides all its other talents, good or bad, was a nation of solid calculus and accounting. Gründlichkeit. And that they knew a thing or two about psychology. But I stand corrected.
The Germans just made their biggest mistake in a long time (how about some 75 years) over the weekend. Now, when all you have to bring to a conversation slash negotiation is bullying and strong arming and brute force, that should perhaps not be overly surprising. But it’s a behemoth failure all by itself regardless.
First though, I want to switch to what Yanis Varoufakis told the New Statesman in an interview published today, because it’s crucial to what happened this weekend. Varoufakis talks about how he was pushing for a plan to introduce an alternative currency in Greece rather than giving in to the Troika. But Tsipras refused. And Yanis understands why:
“Varoufakis could not guarantee that a Grexit would work …
…[he] knows Tsipras has an obligation to “not let this country become a failed state”.
What this means is that Tsipras was told by the Troika behind closed doors, to put it crudely: “we’re going to kill your people”. He was made an offer he couldn’t refuse. And Tsipras could never take that upon himself, even though the deals now proposed will perhaps be worse in the medium to long term, even though it may cost him his career.
Criticism of the man is easy, but it all comes from people never put in that position. Varoufakis understands, and sort of hints he might have had second thoughts too if he were ever put in that position.
There’s not much that separates Schäuble and the EU from the five families that rule (used to rule?!) New York City. If you need proof of that, come to Athens and check out the devastated parts of the city. Germany and the Troika are as ruthless as the mob. Or, rather, they’re worse.
My point is, their attitude and antics will backfire. You can’t run a political and/or monetary union that way. And only fools would try.
The structure of the EU itself guarantees that Germany will always come out on top. But they can only stay on top by being lenient and above all fair, by letting the other countries share some of the loot.
To know how this works, watch Marlon Brando, as Don Corleone, talk to the heads of the five families in the Godfather. You need to know what to do to, as he puts it, “keep the peace”. He’s accepted as the top leader precisely because the other capos understand he knows how.
The Germans have shown that they don’t know this. And therefore, here comes a prediction, it’ll be all downhill from here for them. Germany’s period of -relative- economic strength effectively ended this weekend. The flaws in its economy will now be exposed, and the cracks will begin to show. If you want to be the godfather, the very first requirement is you need to be seen as fair. Or you will have no trust. And without trust you have nothing. It is not difficult.
Germany will never get a deal like the EU has been for them, again. It was the best deal ever. And now they blew it, and they have no-one to blame but themselves. And really, the Godfather metaphor is a very apt one, in more ways than one. Schäuble could never be the capo di tutti capi, no-one would ever trust him in that role. Because he’s not a fair man. But he still tries to play the role. Big mistake.
The people here in Greece are being forced to pay for years for something they were never a part of, and that they never profited from. The profits all went to a corrupt elite. And if there’s one thing Don Corleone could tell you, it’s that that’s a bad business model. Because it leads to war, to people being killed, to unrest, and all of that is bad for business.
I must admit, I thought the Germans were smarter than this. They’re not. That much is overly obvious now. No matter what happens next, deal or no deal on Greece, and that’s by no means a given yet, don’t let the headlines fool you, no matter what happens, Germany loses.
It’s not just about Greece, it’s about the whole EU. The Troika thinks that by scaring the living daylights out of the periphery, its power will increase. They even think it’ll work with France. Good luck with that. They’ll be facing Marine Le Pen soon, and Podemos, and M5S, and these antics will not work on them.
I guess the main thing here is that Don Corleone was not a psychopath or sociopath, and that’s more than you can say for Schäuble and Dijsselbloem and Juncker and their ilk. These people simply lack the social skills to lead any organization, because all they understand is power and force, and that is simply not enough. While brute force may look attractive and decisive and all, in the end it will be their undoing.
I’m sure the vast majority of them have seen the Godfather films, but they’ve just never understood what they depict; they don’t have the skillset for it.
Germany just killed its golden goose. And boy, is that ever stupid. They could have had -again, relative, we’re in a recession- peace and prosperity, and they’re blowing it all away.
Tsipras for obvious reasons cannot talk about the threats he’s been receiving, but he did give up some hints early this morning:
• “We took the responsibility for the decision to avert the most extreme plans by conservative circles in Europe..”
• “I promise you that as hard as we fought here, we will now fight at home, to finish the oligarchy which brought us to this state.”
• “We resisted demands for the transfer of state assets abroad and averted a banking collapse which had been meticulously planned.”
• “… decision to avert the most extreme plans by most extreme circles in Europe”
The Italians and Spanish and French have noted every word of this, and more. Europe as it is, is already over. Everything from here on in is a mere death rattle.
- 55381 reads
- Printer-friendly version
- Send to friend
- advertisements -


... He was made an offer he couldn’t refuse.
Charlie Sheen, during his ‘’experimental stupor phase”, would’ve done better than Tsipras. ;-)
Winning!!!
Char… I mean… Looney
Charlie Sheen running the EU would have been better
I don't understand why everyone hates Schäuble. He had the only real solution, offering an orderly Grexit. Everything else is can kicking BS.
The real scum are Tsipras and the Greek government.
Gai - Five years ago the Greeks owed just over 100 billion. After the EU (German) bailouts, and German-approved austerity, the Greeks now owe almost 300 billion. The plan is working, and who do you think did the math?
Not the Greeks obviously...
Russia, China and the EU have all had major economic problems over the past year. Does anyone else want to question my thesis that not only will the US be sitting at the table at the upcoming monetary shift but it will likely sit at the head of it? I know many believe that Russia and China will teach the US a lesson for the economic profligacy but that may be more about a need for retribution than sound analysis.
This is not to say that it is a given that the US will not be humbled, but it will not be relegated to third world status as many take for granted.
"The people here in Greece are being forced to pay for years for something they were never a part of, and that they never profited from."
WTF is he talking about? Fat monthly check after retiring at 59 is no benefiting from EU loans?
Gimme a break you lazy prick and pay back every penny you took from the Germans.
Crtical thinking is no longer allowed. Sorry.
When Greece goes up in smoke and the body count rises, keep saying that issuing a new currency was not guaranteed to work.
This must be a busy shop now http://greece.greekreporter.com/2014/01/21/george-soros-opens-solidarity-center-in-greece/
Maybe the Germans in power are not that dumb.
When the owners of Angela Merkel the marxist sees smoke rising from Frankfurt they will think "Ahhh. Success at long last. Now we can introduce collectivism."
do I think they had an all night meeting? NO.
they are given scripts, and ALL are actors.
much like daytime soaps.
elites think different, and want us to blame --stupid politicians--.
really, it is theater. They dont want us looking at why they really would do this.
Have you seen the videos where Tspris and Merkel just stand there silently in front of the cameras and no one asks any questions? Then they walk off stage. Photo op for the masses.
Not the Germans are the stupid, but the Anglo-Saxon elites are pulling the strings (Germany is still occupied).
Reason: they want weaken the European countries, which is IMHO a grave mistake due a backlash.
He's talking about the fact that the only "people" in Greece getting such pensions are government employees. Over 90% of the increase in Greece's external debt over the past several years simply refinanced, at increasing costs, existing debt. And I don't believe any of it was used to pay for private sector pensions. Private sector employees get a pension only if they have worked a minimum of 37 years and have paid into the pension system (about 6-7% of their wages, with an employer contribution of another 15% or so.
In short, for most Greeks, there were no direct benefits from increasing their debt by 300% in the last few years. The connected elite got the benefits (the rich escaped taxes, the government workers got the paid vacations and pensions) and the average Greek small business owner has lost everything.
But since you're quick to blame an entire country for the corruption of its ruling class and all of its minions, I guess when the SHTF here (if you are an American), then you will have no objection to hearing our Chinese creditors call ALL Americans, including you, the wonderful epithets you are presently casting at all Greeks. And I guess you will also be quick to show how you are not a "lazy prick" and will make sure you pay back every penny "you" took from the Chinese, right?
Here's what you're carefully managing to pretend never happened:
Greeks chose to enter the EU.
Greeks chose to enter the EuroZone and committed fraud to do so.
Greeks chose to transact in euros.
More recently,
Greeks chose to elect the governments they did, and not the ones they didn't. Greeks chose to sit around and do nothing while these governments made good on their implicit guarantees to do whatever it takes to keep the gravy train on track for another day. I don't know that any Greek party adopted a platform of exiting the eurozone and defaulting on all euro-denominated debts public and private. If any did, they never got a vote. Because that would have meant an abrupt end to the free shit party.
The free shit party is the only reason Greece's per capita GDP is not the same as Turkey's or Bulgaria's (yet!).
Why is it that when so-called democracy appears to be "working", it's The Best Thing Ever and The Only Way and We Built That, but the instant this absurd illusion dissipates, it obviously was never really anything like democracy at all and everything is now someone else's fault and there's a vast ______ conspiracy and we had nothing to do with any of it? Hmm.....
Finally, the moment China allowed US dollars to enter its economy, China assumed every last iota of responsibility for all possible consequences. QED. If they didn't want to run the risk of getting defaulted on, or having their dollars' value inflated away, or anything else, well, no one ever put a nuke in Beijing and said "start using dollars or else." Just like no one ever put a nuke in Athens and said "hire Goldman Sachs to cook the books so you can join the eurozone, start using the euro, run a welfare state, never pay down your debts, and generally live far above your means, or else."
This goes for all EU members as far as they're concerned. Likewise, on the issue of some future US failure to meet foreign debt obligations ... if you didn't want the risk of having your bond payment be missed, you wouldn't have bought the bond for the price you did. America's been living much further beyond its means for much longer than Greece, both will deservedly fall along with everyone else who bought into the always-be-in-debt meme.
its laughable that you can even attempt to tell that story without mentioning GS
I think he was referring to the fact that the Greek people didn't actually receive the money from the bailouts. The politicians and oligarcs did. Hasen't that point been made already?
Because Schauble looks like a Sith Lord.
http://www.sigmalive.com/en/uploads/images/news/schaeble_greece_deal_at_...
He looks more like a Shit Lord...
pretty sure the germans would be worse off politically in the short term had they done what they guy said and merkel coalition not even surviving short term lol
I stopped reading when he cited the Godfather as his reference
seriously, wtf is this. tylers wrote plenty of great articles the last 1-2 days, just leave those bumped lol.
To me this article is top of the line.
Imagine if you will...which happens to also be true..."THE AMERICANS ARE PROVIDING ALL YOUR PROTECTION MONEY."
Does that help you "understand" better?
Don't stab your Hitman (the IMF) in the back!
Your "Top Capo" so to speak IS your "organization."
Being reasonable with Greece is a total layup.
Who benefits the most from a depreciating euro?
Greece and GERMANY dude!
These clowns have been listening to Goldman Sachs for too long.
Guido, using a scene from a wonderfully done movie as the Godfather is actually a very good example.
Here it is again:
https://www.youtube.com/watch?v=qNItYoJhgmk
No, Europe isn't "over", "finished" etc etc but the present Europe is and why not?
"I don't understand why everyone hates Schäuble. He had the only real solution, offering an orderly Grexit. Everything else is can kicking BS. The real scum are Tsipras and the Greek government."
Gaius Frakkin' or Adam Ant or whoever you are: No, I can't agree. There was no "orderly Grexit" offered. As for "the real scum" ... price-fixing, cartel German industry; German zombie banks; Deutsche Bank crimes. You name it: Germany is righteous, Schaeuble is truly righteous/sarc
Gaius, I guess your down arrowers believe the Germans should kick the can down the road farther and farther. Keep backstopping the ECB financially and lend the Greeks a trillion over the next ten years and do the same when Spain, Italty,and Portugal default. Fuck the efficient, industrious Germans you know "cuz WWII" I did not know there were so many free money utopian socialists here at ZH. It is a cying shame that the German and French banks were bailed out, but it is insane at this point to rewind and throw hundereds of billions more at this clusterfuck all on the back of the German tax payers. To paraphrase Mish Shedlock "Fuck you Keynesian Clowns"
Never could stand the guy, but – credit where it is due – this is a fantastic quote.
When caught in a mini-scandal relating to prostitutes, he was asked why he would ever need to pay for sex. Sheen responded: "I don't pay for the sex – I pay them to leave."
The life expectancy of the EU is now 2 years.
In 2017 we have the Brexit referendum followed by French and German general elections.
If La Pen is ahead in the polls in France in 2017 a Brexit is all but assured and the "Europe Project" will be buried by a new Anglo-Franco axis that will realise it has a voice controlling 40% of the UN security council, 40% of SDR's and virtual all of the military power in Europe.
An Anglo-Franco axis is bigger and more powerful than Germany. Germany only has control whilst France is at their side.
Take my word for granted: With Le Pen in power (which will never comes as long as there is the very crowded Paris region that will indefinitely block FN), they will NEVER leave the EU, ever.
It's straight : there is no Right party that extreme such as they can't find a deal with capitalism and finance. So if FN gets it into power, they'll be bribed and will hopefully accept every bribery from EU. Period.
The only party that is really scary for capitalism and finance is radical left: See what they were forced to do with Syriza ...
Funny also to see that anglo-saxon are waking up with Germany now: Yes, they've recreated their power and sphere of influence, and once again, with your help.
You make it sound like the far right would have to be bribed into capitalism. WTF are you talking about?
Such an alliance would seem to push Germany all the closer to its large trading partner Russia. That would not seem to bode well economically for the rest of Europe. Could make a great pretext for MOAR WAR though...
Word is Tesla Model S demand is through the roof in Russia.
All black market=all profit "for the dealer."
300,000 grand....all cash.
Meanwhile in Germany...
Bishop Sheen was a pedo boy lover.
He bounced Charlie on his lap.
Maybe Germany knows that if it forgives debt, it's game over.
Germany is just as trapped as Greece. At least Greece is in it now. Germany has only to look at Greece for a very real possibility of a future. That must be terrifying.
Jesuit CIA and Israeli Mossad death threats get around.
Apparently the author of the post never heard of a guy named Fredo. Yeah, the Godfather references are all nice and shit. But, at the end of the day you got pop a cap in your brother's ass for questioning your authority. Maybe the author should watch the trilogy again.
Fredo sold out the family for money.
You may want to rewatch it youself.
Fredo = Woodrow Wilson
Fredo = Ronald Reagan
Wilson seems more the fool than traitor. Nixon on the other hand...
Fredo sold his family out for power.
https://www.youtube.com/watch?v=9DZNDEqcSi0
The Cuba thing sealed his fate.
Greece plays Moe Greene. Fredo would be...welll you know.
Money is how you count your power,
Tony Montana: In this country, you gotta make the money first. Then when you get the money, you get the power. Then when you get the power, then you get the women.
You have to be pretty hard in your head to wait to get the power first in order to get the women...
You haven't seen the film in a while have you? Fredo sold out for power by giving up his older brother Sonny because his own family though he was a touch retarded. In context:
"You have to answer for Sonny." - Michael Corleone
"You have to answer for Greece." - Vladimir Putin
Connie's husband set up Sonny for the Barzini Family; hence, "You have to answer foir Santino."
Putin is still very angry about Libya. He said the West made friends with Khadaffi then they murdered him and destroyed the country. A country where the living standards for the people had improved by a huge amount over the last 20 years. The elites just wanted to loot Libya.
The article is good. The EU was supposed to end the hatred and wars in Europe. It only made them worse. Hatred among Europeans will get worse.
The German people have been pawns for 300+ years along with the rest of Europe and Russia. Innocent people murdered in endless wars for tribal bankster families.
This line was very good:
I’m sure the vast majority of them have seen the Godfather films, but they’ve just never understood what they depict; they don’t have the skillset for it.
I personally do not like Hollywood somewhat glorifying the Cosa Nostra while they always ignore that other Mafia. Francis Ford Coppolla and Mario Puzo nailed it. Once the trust is gone and they use brute force you are done. What makes the Troika and Schnable any different then the corporate puppet backed by American?European banksters and industrialists - Hitler?
Nazism is corporatism at it's heart. Big business makings bigger profits during the mass murder of war.
Europeans are just slaves and serfs to be bled, robbed, looted and even murdered by the bankters and Troika. This is the lesson of Greece.
The USA and other western countries are in the same boat. Serfs and slaves.
If that's the case then why do the Greeks want to stay in the euro and why is their parliament likely to accept the deal?
Surely the Germans can't be 'bullying' the entire Greek population, can they?
No, far more likely is that the American government wants the euro to fail to avoidn any rivalry with the dollar, and is trying to stir up hatred against the Germans, not only through its mouthpieces like the New York Times but even, sadly, through supposedly independent websites such as Zerohedge.
Now, that's bullying for you.
I don't know how much of a hand the US has had in Germany's decision making process, but it does seem as though German and US interests are starting to diverge.
Merkel gave Obozo the finger. Call it divergence if you want.
Possibly. Her problem is this, though: the Americans won't tolerate a union (European or otherwise) that they cannot control...
My guess, the same thing we have over here. Media brainwashing. It will be death outside the Euro. We need the Euro. Without the EU there is no life. Euro makes you happy. Gold is backed by nothing but the dollar is backed by the Fed and the US government. Oops, that was one of ours.
The ABC media that is mentioned in the footer isn't the ABC from TV conglomerate?
No. The Associated British Corporation.
Easy as ABC.
"If that's the case then why do the Greeks want to stay in the euro and why is their parliament likely to accept the deal? "
Greek 'vested interests'..
The wealthy Greeks didn't want to be forced to convert to Drachma -and lose wealth.
The elderly Greeks and soon to retire bureaucrats didn't want to see their pensions converted to Drachma -and thus be severely devalued.
Same deal as everywhere else: the .01% and the bureaucracy and the elderly pensioners all had too much to lose.
...So they fuck over their children and grandchildren by forcing them to pay the perpetually compounding interest on funds that can never possibly be repaid that were borrowed so that all their oligarchs and bureaucrats could live far beyond their means in old age...
Why exactly is "Grexit equals instantaneous loss of most of their wealth/purchasing power and standard of living" not a sufficient reason for the Greek people to want continue using the euro?
Not wanting your next paycheck - if you're lucky enough to keep your job in the guaranteed instant depression - to be denominated in worthless drachma which purchases 1/10 of what your current euro-denominated paycheck purchases sounds like a pretty solid and wholly sufficient argument to me. That's what's called "having skin in the game."
You think the Germans are bad, read the Obama prophecies, you haven't seen anything yet!
http://revelation12.ca/?page_id=233
"Europe as it is, is already over. Everything from here on in is a mere death rattle."
You're being far to optimistic.
OUTSTANDING ANALYSIS
[it's amazing how in bed with Germany the US 'deep state' is, huh?]
Greece faced the logistical problem of introducing a currency. I watched an interview with Varoufakis last week (recorded a while ago) in which he explained that it would be very difficult to get going. I hadn't thought too much about it before, but it makes sense. I also listened to an interview with a greek who said that the greek government needed to have an alternate currency in reserve in order to get leverage, and that made sense too.
So, my recommendation to all southern european countries is to print your own currency RIGHT NOW. Have it in reserve, even if you don't intend to use it, just to have leverage against the northern euros. Otherwise the EZ will crush you, because they know you can't do it in a week.
Certainly introducing a new currency takes more than having the paper, but at least you're not completely without alternatives.
There was no logistical problem. All they had to do is say we are now adopting the Greek euro (euros are marked for the country printing them) and the term drachma will be synonymous with the Greek euro. All deposits in Greek banks will now be Greek euros and all amounts contractually payable under Greek law will be in the same number of Greek euros.
Greece has the printing press to produce euro notes and since there are plenty already in circulation there would not be a need to produce a lot more.
Every Greek euro note currently held by someone (whether within Greece or outside) would be immediately devalued while any non Greek euro note would retain its EZ euro value.
This would be no different to the situation when any currency is suddenly devalued.
They had an easy approach. They just didn't have the balls to adopt it.
Use Bitcoin.
There won't be a problem with currencies circulating around in Greece.
i thought Greece had a "euro printer" already? just get a "Greek Mafia"
together.
They are the Government...
we would need at least 6 months of printing to be on the safe side,maybe less to have a go, but I never heard any presses printing.It would have been a nightmare both political (as one of the core principles on which Syriza was voted for was "no to austerity-yes to euro") and logistical, and even legal as it would be grounds for a grexit - from the EU in general not the EZ, and something that being materialising mid-summer with no warning to genpop whatsoever would be a succesfull suicide. I do beliece after last night's show in Brussels Italy & Spain are on the market today buying ink&paper supplies..
BULLISH?
Living the life of make believe. Brussels is overdosed on preparation H.
I settled all family business today. -Michael Corleone
I wish we had an equivalent to whack the drug dealer (IMF/FED) and the police chief (MIC).
Someone just needs to go to the restroom.
Tend to agree with the article. When force is used to keep the peasants in line all they want to think about is how to escape.
What he misses though, is that we are so far beyond the looking glass, that this devolution is their best option.
Oh, and by "their," I'm talking the real families that own the world, not their puppetry of state. Which is seemingly what Varoufakis also failed to note. Rest assured, the last X weeks have not been about Greece.
Mises is far more relevant here. His theories are on full display right now. There is no escape from the ramifications of a credit-fueled crack-up boom. Either stop the expansion and suffer immediately, or continue until it destroys the monetary system. They have obviously chosen the latter, given the damage is asymmetric, so they will destroy it to their liking.
This article is just more wishful thinking. Germany needs the periphery to keep the Euro low, the periphery needs Germany to keep its borrowing costs low. No one was bullying anyone as the "agreement" will never be adhered to and we will be right back here in 6 months when Greece blows through 60 billion Euro. The "far left, anti-Euro" Syriza is begging to sign this deal
Syriza is pretty middle of the road for Greek politics.
"The more you tighten your grip, the more star systems will slip through your fingers" - Princess LeiaOnce everything is known to the Greek people, I really think they're going to come unglued and have nothing to do with the EU after this. I hope they tell the Germans and the EU/ECB and IMF to just shove it all up their collective asses. They should tell them to fuck off on any debts too.
The Greeks will hate anything remotely Western after this, let alone European. If Putin has the brains to help Greece, not with cash, but with raw materials, energy and equipment along the lines of a Lend-Lease law then it will be the final nail in the coffin for everything Western, not just in Greece but the world over. Russia gives you the tools to rebuild your economy. The West will send the IMF and other alphabet soups to pillage you. Even if the US tries to go to war after this move, it will have to fight the whole world all by itself. Europe will have either revolted or totally got overrun from the east.
"Germany and the Troika are as ruthless as the mob. Or, rather, they’re worse."
Rubbish. Greece had an option - to accept the terms for another loan. They refused. They want their welfare state untouched. Sorry, but under current economic circumstances that can't be.
Right, but the bailout included stuffing Greece with more debt. Its like treating a gunshot wound from a 22LR with a 125gr slug from a .357 mag.
So they should never have given them the 2nd & 3rd bailout....I agree!
They should have never given them ANY bailout. It did nothing but mke things worse.
359 Billion Euros leveraged 100Xs by banks using derivitives = 35.9 Trillion Euros in exposure to Greece. Thats is why they can't let Greece go, and it's why missing the IMF payments last week didn't trigger a default, cause nobody can afford it.
Once SHTF all these Greek assets will still be Greek unless Germany wants to try the military route again.
#41
loan terms is what blew the pension system off back in 2012.It was problematic yeah,but the fuse was wet.So you can bet that it was a change in these terms we wanted for another loan, to alleviate the losses suffered from the previous "help". As far as the "welfare state" I can confirm it needs extensive restructuring but forcibly removing it alltogether (by draining it) effective immediately, whereas the rest of EU has same or better welfare state is a counter-incentive for any Greek -both sane and financially able- to stay in Greece anymore (combined with the tax-hell that awaits anyone who wants to pay his godamn taxes).
Thus draining it even more, and enlarging the problem to tremendous proportions. So yeah, it is not as sound a policy as it well,sounds. Loan terms could be more,ehm -european.Terms the one who offers them would sign too if the tables were turned.After all that was what E.U. was supposedly about before this past Sunday.
-You could loan your money to anyone, but if you lend it to a criminal under an explicit agreement for him to buy a specific gun, -whatever the circumstances- if he goes on a killing spree you will be held accountable for making him buy the gun in the first place.
This isn't just about Greece, but also about Italy, Spain, Portugal & any other country in the euro that is over-indebted....
The message is, there is no more money...not evey for tiny Greece, since if we continue to stupidly lend to their black hole, who else will come asking for a lot more "free money"?
Germany itself is in no position to "lend" despite it being relatively better off than most...and if they do lend, they know they won't ever see that money again & then they'll be in the same position...
If you want to see a people rise up against their goverment for mismanaging their money....just look back to the Treaty of Versaile & 1923 hyperinflation of Weimar...
Is that what the rest of the world wants?
Germany is lending to Greece at 8% or so while selling their own bunds for 1%. Euro is just the mechanism to enhance German exports to rest of the Europe (cheap) while at the same time makes imports comparatively noncompetitive (expensive). There is plenty of studies that show who is the winner and who are the losers since introduction of Euro, it's not a big mystery nor a secret.
Germany has shown that when push comes to shove they put their own interests before any grand principles. I may add that recent non-event announcement of doubling the capacity of Nord Stream after sending South Stream on a death march through EU bureaucracy shows exactly who is in charge of that bureaucracy and by extension of EU.
Yes, if I were France Spain or Italy right now I would be thinking, We're Next! and I wonder what kind of shitty deal we're going to get.
...You fell victim to one of the classic blunders - The most famous of which is "never get involved in a land war in Asia" - but only slightly less well-known is this: "Never go in against a Sicilian when death is on the line"! Ha ha ha ha ha ha ha! Ha ha ha ha ha ha ha! Ha ha ha... [/Vizzini]
Good Bye, Mr. Bond.
the free ride is over and it is all the fault of the people that supplied the transportation.
While they were providing that free ride, they collected all the bicycles and alternative forms of transport and trashed them and then said the ride is no longer free.
Vito Rizzuto was the Godfather of the Montreal Mafia, and the New York City Mafia. Vito Rizzuto ruled via terrorism, and not via 'it's just business, Sonny' bullshit that you see in the effing' movies. Don Corleone was fiction. Rizzuto was non-fiction until he died from TB in a Montreal hospital. He contracted TB whilst he was serving time for killing the top bosses of the Gambino Crime family back in the late 70s. And that's how he became the Godfather of the Montreal Mafia. In brief, he wacked some Americans that talked shit like Alan Greenspan, Robert Rubin, and Lawrence Summers. Of course, there is really no difference between the street Mafia, and their counterparts in the Synagogue of Satan that all the Jews on Wall Street attend.
NOTE: The Roman Catholic Church that served the Mafia in Montreal has a huge mural of Mussolini on the wall. That obviously inspired all the alter boys to make something of their lives, eh.
Good old Mussolini.
Just curious. Which church?
The Mussolini fresco is in the...
Church of the Madonna della Difesa in Montreal.
http://www.theglobeandmail.com/news/national/vito-rizzutos-monday-funeral-expected-to-be-a-specticle-of-mafia-power/article1...
And Donny Brasco was the movie they made about Rizzuto killing the Gambino heads in New York in the late 70s.
Thanks! Next time I am up there I am definitely going to have to check that out. Last time there I visisted most of the major RC Churches downtown. Too bad I missed this one.
I love churches, and that kind of architecture too. Don't forget to hit the bars afterward to balance things out, eh.
Everything in moderation except good coffee IMO.
the italian mafia was smaller, weaker, and less influential than the Jewish mob...
and yet, there are no movies in which a Jewish mobster is portrayed -AND - that Jewishness played up.
That is, the Godfather invented all sorts fo shit, but the **Italian** nature of all these gangsters was front and center.
There's been a couple movies involving bugsy siegel, and a couple others - but their Jewishness is essentially made totally irrelevant.
I don't recall ever seeing a movie or tv show about the ethnic cleansing and terrorism inflicted on the indigenous people of Palestine, come to think, and can't think of many Arab or Muslim tv or movie characters...
Curious, eh?
http://newobserveronline.com/jews-boast-of-owning-hollywood-but-slam-gen...
King of the Gypsies, Apprenticeship of Duddy Kravitz, was about as 'Jewish' as producers would produce. Moreover, we can't forget the role that Hyman Roth played in the Godfather. Bugsy was tame.
Someone has to break it to Tsipras and Varofakis that Greece is already a "failed state" and with the surrender Tsipras has now agreed it will be even more of a "failed state".
agree re the corrupt elite - to include people at the IMF and Goldman Sachs {may they be sued into the ground} but this blame germany shit is going a little bonkers.
regardless - this thing has not been accepted by the Greek Parliament yet, either.
Greece did not belong in the Ez
did not - does not
Now - it could benefit, perhaps, with the sort of stuff Russia did for Cyprus, or from more interaction with Russia and the rest of the BRICS...
Btu then the Greeks face a US-backed coup - perhaps even NATO occupation.
the best thing that could happen is the EU and EZ breaking up.... you can have relatively free trade without it - but the loss of home rule hasnt helped the Greeks, or the Irish, or really anyone but large corporations, banks, and those who love the worst of European bureaucracy.
This article is just cover for Tsipras to paint him as some victim, instead of the wimpering pussy he is. How about some plain truth. Varoufakis may not have been able to guarantee if Grexit would work, but it's clear that the current system of extend and pretend, and add more debt to a system that already can't pay back the current level of debt IS NOT WORKING! Because of this simple fact, Tsipras is a just another failed leader in a long list of failed Greek leaders because it's obvious that Greece has been a "failed state" officially from at least 2012. All Tsipras has done is create Cyprus 2.0.
What would you do if your life was threatened and the lives of those in your family? That is the choice Tsipras was given. There are no Western sovereign nations; only the illusion of it. The US Congress is the illusion that the US Constitution exists.
---------------------------
It is why Congress debates over the name of the Washington Redskins football team while funding the Apache Helicopter and people applaud the effort of the former and overlook the latter. It demonstrates the delusion.
in deference to ZH and some others, what's the point? the global unipolar servility trap has been sprung and most of us are ensnared. only option is to bite off the foot and after some healing undertake the lethal strikeback with a vengenance. it's doable and maybe a lesson for posterity will have been taught.
The Greeks do have a hand that they could still play, namely disorderly default.
It would take a very brave (or insane) leader to agree to initiate a disorderly default but if the Greeks are hell bent on retribution, a disorderly default would nuke Germany, and her banks.
In a game of chicken you need to be prepared to do whatever it takes to face the opposing down.
Instead the Greeks will probably go along with whatever deal has been put to them.
they dont want to be part of the Nudelman world tour.
Of course, Nudelman doesnt really represent the United States.
she represents the ZOG.
Sooner or later some enterprising lad or lass is going to remember that people like Nuland aren't bullet proof either.
If an individual Greek person wanted no part of this, what could they do? This is the problem with central control and the fetish for leadership. There is no way to avoid it. Force will be used.
A bit humorous how many still think that the individual nations, and their "slithers" (pols and crats), are calling the shots.
Or is the better word "tragic?"
Liberty is a demand. Tyranny is submission..
And I'd bet that Soros, all by himself, and in his own interests, is running the geopolitical shit show in the Ukraine too?!
Look who you named as psychopaths: German, Finish and Dutch fascists.
Recall Munich 1938 and complaints of Western politicians that they cannot reason with Hitler because he was no alumni of Oxford and did attend political debating classes.
These guys are not psychopaths but psychotic fascist who drive continent toward the war. Look at US instigated ridiculous conflict with Russia and unanimous EU support. They are all insane.
The Greek affair was about one thing and one thing alone establishing absolute dominance by EU run pan-European fascist party over their untermensch (filthy, lazy subhumans) in Greece as well as in France or Italy or elsewhere.
This is not exaggeration, fascist EU fanatics liken to Hitler and gluttonous corporate gangsters liken Himmler and Goering and insane propagandists took power in Europe and they will stop at nothing before their superior Germanic/Nordic Aryan culture subdues other genetically deficient filthy, useless European nations.
But is it not a betrayal of the EU project, this is its culmination, last stage of prolonged process that started in Ruins of Third Reich.
German capital and political influence spread all over US and the world, not to mention Europe which they practically own Their control is permeating all political and economic institutions also in US that are run by Germany connected oligarchs.
Officially at least 2.5 trillion dollars invested in US alone and much more undisclosed capital strictures worth tens of trillions dollars bought them influence even on FED which policy and is keeping euro low so German exports won't collapse German house of economic cards already hollowed up by gluttony and greed.
Germany does not want to be capo di tutti capi they want to be absolute capo of all their serfs. No small capi needed.
it is time to call it as it is. We are witnessing first stage of united fascist of all nationalities and creeds open aggression in Europe to bring up to open what they already clandestinely achieved; total control.
This same as in 1938, only few got it and the rest went for vacation.
Dear author, LOOSEN THAT TINFOIL HAT!
Has it never occurred to you that perhaps this is Germany's way of "getting out of the EU" without having to do so directly?
The business class of Germany wants out, but the Political class is under globalist control with "Murder Inc" as its "strong-man". The US troops have been increased in Germany in order to help the mercenaries that are "Murder Inc" in case the business class gets out of control. Germany would greatly benefit from leaving the EU.
This is going to be deeply unpopular but as much as I enjoyed Mario Puzo (And Nicholas Pileggi for that matter), I think it is beyond fucking idiotic to admire his works as some kind of template to corporate governance. I mean, WTF kind of a moron uses the business models of mass murderers & gangsters? American morons obviously. No wonder the world is so fucked up.
The first time I heard some twat going on about "Going to the matresses" with wide eyed admiration for gun-toting criminals as an analogy for doing business in a competitive world, I just rolled my eyes up and tried not to slap the fucker in the back of the head. Yes, I have run businesses and yes I have read organizational theory as well as strategic management - there is NOTHING in the highly entertaining Godfather movies to teach me anything about running a successful business, although there's quite a bit on running a criminal enterprise.
This is something I really wanted to get off my chest for some time. It is just fucking stupid to emulate fictional characters in a book/movie to run a business and beyond stupid to emulate criminal fictional characters citing "honour", "loyalty" and "family" to legitimize it.
I couldn't agree more. Romanticizing psychopaths (and yes, gangsters are psychopaths or they don't last long in that profession) is not cute. It would have been easier to compare them TO the mob bosses rather than against.
Do not confuse Americans with fascists globalists that have infested the entire world and will have a great measure of success as it was written and we were warned and have been given the escape route. The stupidity is on those who ignore the ONLY escape route. This is explained in 2 minutes. https://www.youtube.com/watch?v=NMlv21zGARM
yeah probably Germany couldn't benefit by leaving the EU and EZ and cozying up with the BRICs...
is that right?
Who is going to stop them - US troops?
They're busy.
and about to be busier, if nutty yahoo has his way.
Schauble isn't a psychopath, just a man with the guts to do the crap-work that has to be done.
As a rule of thumb, anything Obama or Hollande thinks is a good idea is always nothing short of disaster.
Syriza and their "brain-trust" is pure cancer of the intellect.
Don't get so emotional...
"that has to be done" (because I said so with no reason given)...ughhhh. We are readers here, patronize us a little and explain how you might think doing the bidding of the banks in their quest to destroy the individual in the name of phony paper notes and digital inputs is "what has to be done".
"Criticism of the man is easy, but it all comes from people never put in that position."
BULLSHIT!!!... he ran for that office and, like our own inept Pansy POS douche bag Obunghole... he betrayed the people.
I keep wondering when a sleeper army of.terminally ill Greek persons gets organized to start killing germans....
All I have to say to the bankers and creditors is that if you didn't do your homework when handing out loans, DON"T complain when you get handed an "F" in the course...
The plan was to enslave everyone with eternal debt and it was proceeding on schedule. Germany didn't get the message and thinks it needs to be paid back.
These assholes need to start having meetings to coordinate their schemes. Very unprofessional.
"Let democracy die in it's birth place"
saw it written on a wall in Athens
"Germany just killed its golden goose"
Who is the golden goose for Germany? Greece? Oh goodness....to be honest, we call it bottomless pit...
More realistic seemes the assumption Greece fears to loose its cash cow called (not only) Germany....
What takes me wonder is the circumstance that after six years of "crisis" the Greek elites are still not significant taxed until today although everything is so obvious.....
And please be honest: The poor and the rich in Greece agree in the assumption that taxes are an avoidable punishment. But why should other people for early retirements way above levels paid in Slovakia, Lithuania or somewhere else?
I just agree in one thing with Varoufakis: It's about the game creditors and debtors.
It's golden goose is EU and Euro in particular, if it really needs a clarification...
Exports given away for money printed out of thin air?
You call an economic growth about 1.3 percent a golden goose? Since the EURO was introduced in 1999/2002 the German exports inside the EU did not grow. But in DM-times they were not paid from target-money, ELA-credits, ESM-credits, IMF-credits or any other form of financial engineered nevercomeback-credits.
More and more people in Germany realize growing risks and shrinking monetary stability. And the number of people who whish to return to the DM is constantly growing. This Euro is a desaster for all Euro-countries - including Germany.
Why do dumb cunts like you read zerohedge. You obviously don't understand anything said. The golden goos is the Euro you dumb fuck. Who is going to buy a mercedes priced in $3 Marks. I think that number will be a lot smaller than the one where BMWs are priced in $1 Euros. You have a huge free trade zone to sell your cars in to a captive audience. THen you get to lend them the money to buy your fucking cars that run great for a couple of years and then cost a kings ransom to maintain.
Its not Greece's fault that your fucking moron bankers loaned the Greece oligarchy way more money than it could ever hope to pay back. That is on Deuchbank and you when the rest of europe finally decides to leave the gas chamber that you have set up for them. Fuck you Sauerkraut
Citation: "You have a huge free trade zone"
....aha, we had no free trade zone in Europe before the Euro was introduced???
Obviously you need tutoring in numerous respects - in economc subjects as well as in terms of social behaviour.
You sure as shit won't have one when the rest of the idiots who signed up for that idiot currency finally decide that the bad outweighs the good. Although I am really starting to wonder if there is anyone in Europe with an IQ higher than room temperature.
Beside of this:
The biggest creditor of the Greek government were Greek banks - a long way ahead to the rest of Europes banks.
When former MP Papandreou pronounced in 2010 - in Bermuda shorts from it's vacation island - the impending insolvency of Greece to the rest of Europe (claiming for a threedigit billion sum...) by far the largest creditors were Greek banks. Even French banks had more hot irons in the fire than German credit institutions...before conceding a 50% haircut in 2012.
Since 2011 the ECB is the biggest creditor-bank of Greece.
If Greek banks would not have been saved several times you already would pay with Drachma....
Yes and Greece would be recovering today. They would have recreated the Drachma, taken a horriffic cut in the value of their currency and moved on. Everyone would be happier. Europeans would have a cheap place to vacation on warm beaches and cheaper fruits and vegetables. You (Germany) should have let the Greek banks fail. And btw your leaders and the banks didn't bail out the Greeks to be nice guys. They bailed out the Greek banks to delay the default and bail out their banks. Once they have squeezed every last Euro, piece of gold, island, airport, factory etc etc etc out of the Greeks they will finally leave the debt slaves to their best devices.
Oh I just read that every country in Europe must pass bail in legislation by the end of July. So Greece is coming to a country near you very soon.
1) You don't understand: At first place Greek banks benefited from the bailouts (no doubt also the French, German, Italien etc.. too big to fail-mafia conscripting already "reformed" German taxpayers as "atonement-debtors"...)
2) You write: "Yes and Greece would be recovering today"
...so, why are you so sceptic about Schäuble? We all know that the Drachme is the only way to recover in Greece. Now we delay again in filing for insolvency.
3) The new agreement doesn't foresee that airports, factories etc...serve as collaterals. The "new" agreement consists of framwork provisions already made in 2011 (pronounced by Giorgos Papandreou but never implemented...) and the benefits of privatisiations (...remember: The only part of Phyräus-port which works is the Chinese sold part...) are largely used to ensure investments in Greece itself, recapitalise Greek banks (you furthermore expect free shopping coupons (calles "Euro") given from your neighbours, because they are growing in Germany, Netherlands, Slovakia, Spain etc... on trees ??). Only a small part will be used to repay credits.
With other words: German taxpayers will loose the next 20-30 billions of Euros - because Greece will never pay back them.
I believe there were other countries in Europe depending on such a "bailout" - e. g. those which have not overcome the Lehmann-Crisis yet and those countries with banks full of bad lones.
Highly likely the compensation of dircect losses of German banks could have been fixed by the German government within a couple of hours as it happend in 2008 when the Lehmann desaster appeard: Berlin guaranteed "over night" with about 400 billion Euro for direct and indirect losses - in terms of direct losses the Greek desaster was comparably relatively easy manageable.
But banking is not a local event: The argument has always been the domino-effect within Europe and the world - and certainly also in Greece. Certainly - thats a completely different issue...
"You (Germany) should have let the Greek banks fail."
I'm not Mr. Germany - just an ordinary taxpayer under disability like you.
I'm sure: 90 percent of the normal German taxpayers agree with you that turning back to the Drachma and not funding Greece would be the better way for them: They didn't earn a cent by funding Greece or supporting Europeas politicians unable to be voted out. I believe your elites are much closer to that casino.
Unlike you we never had not a real choice to vote out this politics because Greece is not in the center of "local" politics and there is a broad consensus in nearly all parties to throw money into a bottomless pit: Why didn't turn your people the fate of Greece into the hands of the Drachma? Why doesn't this happen until today? Why your government is asking for more money - even Tsipras?
I thing to Greeks it's somehow difficult to realize grievances within their own country: Tax evation is a very popular within the poor and rich, corruption, the imagination how much wealth and pensions can be funded by olives, fetas and tax-free deckchair-rental....
July 28th 2015 is the deadline set by the ECB, forcing PIIGS and France to adopt bank bail-in legislation, or face stiff penalties and even sanctions!
The EU holds it!s shit together till then (can kicking) and as of July 29th, all bets are off...and that includes China and the USA.
Follow this script closely my friends this is how the UNited States will seperate as well... It's like a free screening into the future so enjoy
The "Western Banking Cabal & Associates" are in full control and with "Murder Inc." standing over watch all is going EXACTLY as planned. The globalists will succeed in destroying all the assets of Europe and then all the pensions, 401k's and 403b's of the world and this will take some time. In the mean time, the illusion is upheld by the "eye on the markets" as the gauge that "everything is awesome".
-------------------
This dismantling will take at least another 5-12 years and more & more burdens will be put on people just to survive...so forget about some great awakening of the people; the people are the problem by our very inherited nature. If you remove all the fools, then it will be filled with more.
------------------------
There comes a point of time when the One World Economic System will come into play, but not until all hard assets are under the globalists control and this was told to us by God Himself and therefore it will come to pass. The only way to prepare is to be adopted into the family of god and out of your current family, the family of Satan. Do not think you are part of either, then you are more delusional than the rest, for it is written that ALL are either slaves to "self, world & Satan" or Jesus Christ. Consider the term "Freedom", which will believe we have and yet have never bothered to look up the term...no one has ever walked the earth with real freedom and then the terms slave or enslaved and no one has ever walked this earth that is NOT a slave; this as it was written it is true.
------------------------
What can you do in 2 min? https://www.youtube.com/watch?v=NMlv21zGARM Time to set aside emotional bias dressed up as logic and reason and surrender to Jesus Christ and BEG Him for the forgiveness of your sin, for your wages of your sin are piling up and only God via Jesus (who is God) can mitigate your lost souls. Forget about the carnal, all who ever lived died and entered the eternal state and so will you. Does it really matter how you die or is it more important to be in the right place in the eternal state? A fool will say it doesn't exist against all of his inner being screaming there is more than this life, which is pointless apart from an eternal state.
Germany has both planted memories, and false memories.
When the press is owned and controlled by money powers, unreality can set in. I call it hypnotism, where otherwise smart people are led by false thinking. If their thinking is challenged, they typically fly off into a rage, because if their thought edifice crumbles, they do too.
Of all the countries in the world, Germany has probably had the highest level of post war indoctrination and outright lies about her history. To even question the holocaust narrative is grounds for jail time.
Below was written by Hudson in 2011, and is still appropriate. He was trying to warn German’s about their real history, and by doing so, overturn their implanted memory.
Not only does Germany not understand that the Hyperinflation was due to external debts, the same as in Greece, but that in the post war period she had TWO DEBT JUBILEES. In addition, the American’s prevented Germany’s wartime foes from suing for reparations. Of course, with Jews being the notable exception, as always.
http://michael-hudson.com/2011/12/europes-transition-from-social-democracy-to-oligarchy/
“Much more striking is the travesty of German history that is being repeated again and again, as if repetition somehow will stop people from remembering what actually happened in the 20th century. To hear ECB officials tell the story, it would be reckless for a central bank to lend to government, because of the danger of hyperinflation. Memories are conjured up of the Weimar inflation in Germany in the 1920s. But upon examination, this turns out to be what psychiatrists call an implanted memory – a condition in which a patient is convinced that they have suffered a trauma that seems real, but which did not exist in reality.
What happened back in 1921 was not a case of governments borrowing from central banks to finance domestic spending such as social programs, pensions or health care as today. Rather, Germany’s obligation to pay reparations led the Reichsbank to flood the foreign exchange markets with deutsche marks to obtain the currency to buy pounds sterling, French francs and other currency to pay the Allies – which used the money to pay their Inter-Ally arms debts to the United States. The nation’s hyperinflation stemmed from its obligation to pay reparations in foreign currency. No amount of domestic taxation could have raised the foreign exchange that was scheduled to be paid.
By the 1930s this was a well-understood phenomenon, explained by Keynes and others who analyzed the structural limits on the ability to pay foreign debt imposed without regard for the ability to pay out of current domestic-currency budgets. From Salomon Flink’s The Reichsbank and Economic Germany (1931) to studies of the Chilean and other Third World hyperinflations, economists have found a common causality at work, based on the balance of payments. First comes a fall in the exchange rate. This raises the price of imports, and hence the domestic price level. More money is then needed to transact purchases at the higher price level. The statistical sequence and line of causation leads from balance-of-payments deficits to currency depreciation raising import costs, and from these price increases to the money supply, not the other way around.
Today’s “free marketers” writing in the Chicago monetarist tradition (basically that of David Ricardo) leaves the foreign and domestic debt dimensions out of account. It is as if “money” and “credit” are assets to be bartered against goods. But a bank account or other form of credit means debt on the opposite side of the balance sheet. One party’s debt is another party’s saving – and most savings today are lent out at interest, absorbing money from the non-financial sectors of the economy. The discussion is stripped down to a simplistic relationship between the money supply and price level – and indeed, only consumer prices, not asset prices. In their eagerness to oppose government spending – and indeed to dismantle government and replace it with financial planners – neoliberal monetarists neglect the debt burden being imposed today from Latvia and Iceland to Ireland and Greece, Italy, Spain and Portugal.
If the euro breaks up, it is because of the obligation of governments to pay bankers in money that must be borrowed rather than created through their own central bank. Unlike the United States and Britain which can create central bank credit on their own computer keyboards to keep their economy from shrinking or becoming insolvent, the German constitution and the Lisbon Treaty prevent the central bank from doing this.
The effect is to oblige governments to borrow from commercial banks at interest. This gives bankers the ability to create a crisis – threatening to drive economies out of the Eurozone if they do not submit to “conditionalities” being imposed in what quickly is becoming a new class war of finance against labor.”
To: Raul Ilargi Meijer
You are FULL OF SHIT and it is leaking out through your posts !
AND
You are a collectivist parasite vermin scum.
Many forget this deal is not done until the Greek Parliment passes this tomorrow. We shall see how this plays out then. Many blame Germany but you can bet every Finance Minister in the EMU was consulted before this offer was issued by Germany. All of these politicians crying foul is just smoke and mirrors. all of them approved the deal before it was offered to Greece. If Greece accepts the deal well democracy is dead and people's votes mean nothing. Well some of us know this already but this will clearly demonstrate a majority vote means nothing.
Someone has to be the bad guy and Germany stepped up to the plate. Looking at the deal myself it looks designed to make Greece exit the Euro as only a nut case would accpet these pre-condiitons plus the current requirements that will also remain in place for Greece to remain in the Euro. If the Greeks really want to continue to use the Euro they are nuts and deserve what they get to be honest. The Greek should reject this tomorrow in parliment if teir elected officials represent the boters. Hang onto your pants as thie will come to all EMU countries if they balk at Brussels. Greece is just an expeeriemtn to keep the rest of the EMU members inline. Any debt reduction or forgiveness would mean the rest of the broke nations would seek the same deal. So either Greece will accept the deal of leave the EU.
My bet is they will take the deal and cave just like their PM did. Yanis jumped ship for one reason and that was he knew this would happen. He did not want to be part of this. The Greeks may still revolt and toss the government and the bailout out of their country. Just goes to show what is coming to all of us no matter the country. What the government hands out the government can take away. YES IT IS COMING TO ALL OF US!
Tsipras is a little bitch. "Oh no they threatned me!" So what? Is the concept of honor dead? When will a politician have balls? If Tsipras was suffering threats, he should've said "Go ahead then" The eyes of the world are in Greece right now, if he suddenly died or whatever it would've been way too obvious.
Whoever named this EU should have used a P instead of an E
I think it's time everybody stops saying "the greeks" the germans" "the french " the americans" "the piigs" "the whoevers"
IT'S " THE FUCKING MONEY CHANGERS" they know no nationality, they have no affiliation to any Country, and they care not for anybody else on this planet!
They believe their born and will die and once their gone nothing else matters. they could care less if the world explodes 1 second after they die because they won't be here. They believe they have a right to take whatever they want by any means possible. They believe there's no meaning to life other than whats best for themselves. They believe the rest of us that are held back by our morals is a weekness that should be taken advantage of. They believe in themselves and couldnt give a fuck about anyone or anything that doesnt benefit them. They believe hard work is for the ignorant and it's their duty to capitalize on it.
These people have no "religous" background. Theres no "GRAND" plan or ulterior motive outside their own fucking greed!
Unfortunately these people are all around us and most everybody knows people just like them.
The truth is....most people decided they couldnt beat them and joined them a long time ago.
Just my 2 cents.
I like the Godfather analogy. Take it a little further, and to some I'm sure even more ridiculous. It's about DNA. Those of what is called Mediterranean blood, the dark haired,dark eyed and dark complected people don't trust the fair haired,blue eyed,white thin skinned peoples. And the other way around. Is it a type of prejudice ? Sure it is and everyone of us if we were to admit it in some form or another are. IMHO no one wins here, Greece hasn't agreed yet so there is still hope for them. However, as I've noticed I'm becoming fond of pointing out lately, "The Bell has been Rung" The genie is out of the bottle, no one can put Humpty Dumpty back together again, or something like that.
IT'S " THE FUCKING MONEY CHANGERS" they know no nationality, they have no affiliation to any Country, and they care not for anybody else on this planet!
Actually, the Haibaru/Aiparu were wandering tribes of donkey caravans. The middle east had entrepot cities between the bigger commercial zones.
The outcasts would travel between the bigger cities with their donkey caravans. The outcasts had a large criminal element, as well as sociopaths.
Anthropologists have followed these Caravans to the edge of Sumer. They also bred with Neanderthals still roaming after the Black Sea filled in (great flood). Although it is more likely the stronger Neanderthals raped the CroMagnons.
The relgion of these people was a form of mysticism with a god in the sky. They did not have art and had great ability with counting, a Neanderthal trait. This also has been confirmed by anthropologists who have studied all the marks they made on bones...to tell time and count.
This mysticism and sky god, along with pathology, did not comport with the more civilized cities springing up. These traders were kept apart.
Later they evolved into Zohar, then the oral tradition of Cabala and Talmud. Talmud got written down after the second temple was destroyed.
There is linquistic, genetic, and anthropological evidence that today's Semites are these outcast caravaners. Jews remained as caravaners and traders, while Arab semites settled down.
Jews kept their race pure due to injunctions against out breeding. This injunction though is really more of a crime syndicate, much like the Rothschilds only allow cousin marriage. These blood ties allow an ingroup to work against the more civilized "city states."
Sorry, the Money Changers were the Caravaners who engaged in the East/West Mechanism, taking rents on Gold/Silver exchange rate.
The Caravaners were part of Judaism, and in turn Cabala/Zohar and the ancient mysticism. This mysticism includes occultic methods.
Jesus violently overturned the tables of the money changers...he knew they were not of Israel, meaning they were not of the civilized tribes. They were Jews.
So, yes, some of today's money masters are useful idiots, but the animating ideology has direct connections to Judaism.
These donkey caravaners became the "international" and they always were in control of money means. Anti Usury injunctions led many Christian Countries to adopt Jews as go-betweens, and this was part of the West's downfall.
The credit money system of the West is a Jewish money system. It was invented by Gold Men with intent to defraud. In the run up to WW2, economist like Douglas called it the Jewish money system, so this is not just me saying it.
The money system took its most advanced form in the Stock Markets in Amersterdam. There 700 unlicensed Jews invented PUTs and CALLs, and stock market capital. The whole of the Country got involved with the is gambling, leading to the Tulip Mania. It also created companies like Dutch West and East Indies. This stock market capital, basically fiction money, was given as loans to England.
Another sneaky tactic was for Amersterdam jews to print Bibles, and to emphasize the Old Testament - especially via Calvanism. The modern incarnation of this is the Scofiled bible, also a Jewish money power operation.
England started competing with the Dutch; The Jews in the stock exchange also wanted to get back into England. They had been kicked out around 1100 for practicing usury and within a few generations had owned most of the land and houses of the peasants.
Read the Original Magna Carta to get an idea of the lending crimes the Jews were engaged in. To be fair, the KING was using Jews as well to collect taxes from the "nobles." The Catholic church was also being invaded by Crypto Jews. Simply say the Kol Niedre prayer and you get a full pardon.
All of these maneuvers DO HAVE AN ANIMATING PSYCHOLOGY. They also have a religion.
This religion gives cover and sanction for rent seeking behavior...that is basically it is OK to steal and murder. Other humans are just mere animals to be harvested.
No good can come from a financial system with systemic problems, and such system is inherently designed to defraud and take rents.
If you are a Jew and reading this; you may personally be of good character; but like Islam - once deep into the psychopathy of these negative religions it can lead weak astray, and empower immoral behavior.
BOE BANK OF ENGLAND.
The first money power operation to host a country with debt means. Corporations then had a country at their disposal. Companies comes from the word Corporeal, or men at arms. They had charters and their own armies, to then enforce contacts.
Once the BOE formed, then companies could call on the British Armed forces. Effectively Britain's brain became infected by the money power parasite, and the character of this parasite WAS JEWISH. This is not wishful thinking or some sort of B.S., this is the actual history.
BOE was bought with foreign Gold, and guess who's gold. Guess also who funded Cromwell, the Orange Kings, and the general undermining of England. Some of the BOE charter was bought with sticks (talley sticks) and today that term is known as stocks.
England Arsistorcracy was also Bred into, and the British monarchy became notably darker. These genetic characteristics can be confirmed in the writings of other European peoples, noting what happened to England.
Jewish money power incursions into Germany came much later, after problems in Russia and Crimea led Ashkenazi to leave that area. The Prussians kept their Jews in-line, but ultimately lost control.
In the case of Britian it was mostly Sephardic stock that went to Amersterdam after Vasco de Gama broke the East/West Mechanism. The Jews had lost their metal money power scheme and had to invent a new one, which is today's PRIVATE CREDIT MONEY SYSTEM. They jumped to London, and then Jumped like a tic to the U.S., especially New York, where the stock exchange is located.
What a pointless article. Author clearly thinks too highly of himself.
Germany showed its true colors. All this talk about "we don't want to dominate Europe and we want a European Germany, not a German Europe" was just bullshit. A process that was set in motion by Helmut Kohl who wanted to create 'his Europe' culminated in what we have now: Europe being bullied by Germany, once again. The author is right that France, Italy and other countries will mistrust Germany to the fullest extent from now on.
The best thing that happened to Germany was the reunification. It was the worst thing that happened to Europe. The European dream is dead.
You're right, the veneer has given way to reveal the ugly reality and dim prospects for the rest of the hostages.
Hostages is indeed the right word.
"The people here in Greece are being forced to pay for years for something they were never a part of, and that they never profited from. The profits all went to a corrupt elite."
The above is true for Germans as well, which kinda renders the whole condescending article bullshit.
german industry is raping most of europe via the euro.
the EU has a gun to his head-BLAM! if he doesnt stop these silly demands he is a dead man-literally
Spain, France and Italy have the "too big to fail" status bankers covet.
Unconditional bailouts and bonuses all round.
The Euro was a crazy idea from start to finish and the many that knew this at the start were silenced:
https://professorwerner.wordpress.com/2015/07/10/hallo-welt/
Germany disconnected it self from BRICS.
Germany disconnects itself from PIGS.
Germany will not survive with its minivasals, like Slovenia Slovakia Hungary, bigger vasals, like Poland and Czech republic, FInland, or Holland.
Germany is a joke now.
But this is fine with me.
It will at least weaken NATO. Massively.