A Tale Of Financial Fascism By Shakespeare

Tyler Durden's picture




 

To be or not to be (in the Euro), that should be the question on the Greek people's minds and not whether 'tis nobler to suffer the slings (fiscal occupation) and arrows (sovereignty destruction) of an outraged 'fiscally fascist' Troika. As Rodney Shakespeare so eloquently explains in this Russia Today interview, the projected trajectory of the debt/GDP for Greece is nonsense and are simply 'manipulations that justify the banking occupation of Greece'. In words that should ring true to any reader of the Bard, Rodney goes on to highlight the terrible plight that is to come to generations of Greeks citing the 'whole thing as a fraud'. The brave and highly inventive Greek people can succeed if they are not forced to bailout the banks and instead leave the Euro; dismissing the office of the financial fascists that will soon occupy the nation. Strong (and emotional) words describe why the IMF/EU/ECB bloc is so keen to maintain the status quo that is clearly crumbling at their feet as perhaps they would do well to remember the final words of this Hamlet soliloquy: 'be all my sins remembered'.

 

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Tue, 02/21/2012 - 20:47 | 2182924 Global Hunter
Global Hunter's picture

Well that killed my buzz.  Sobriety Bitchez!!!!

Tue, 02/21/2012 - 20:55 | 2182950 Frastric
Frastric's picture

Rodney Shakespeare was right about quite a few things, but he missed out Greeks love affair with tax evasion. I know you guys think taxes are unneccessary but no matter how small a government gets it still needs some taxes to maintain infrustructure, police, healthcare and other vital elements of modern life if we are to maintain living in an urban and densely populated environment (unless we all return to village communities).

Even if Greece defaults how will its government get enough revenues if Greek don't pay all their taxes? The cycle just repeats itself because even after defaulting Greece is going to be in the doldrums (because a Greek default will send the European house of cards tumbling down and start a depression in the region)

Bankers and the Greek government take most of the blame, but the Greek people are somewhat to blame as well, perhaps if tax evasion had not been so bad Greece would not be in this mess... And that attitude of 'spend today, payback tomorrow' didn't help either...

Tue, 02/21/2012 - 21:53 | 2183089 Global Hunter
Global Hunter's picture

people should live with the consequences, don't pay tax = get little to no safety net.  People will get quick feedback and make necessary adjustments.  What we have here is the problem that arises out of central planning, it skews risk in that central planning does not deal with the risk in the present time, it literally kicks the risk down the road where it amplifies.

The fact that for decades it seems to have become a part of Greek society and everyday life to evade taxes while taking long-term benefits from the system and it was able to function at all illustrates the problem with central planning of an economy.  Sure people should get their feedback, Greek people should have got their feedback 10 years ago, but instead of getting a little feedback and a jolt they're going to get the living shit kicked out of them.

Check out some recent footage of Athens just off the main square, some of the scenes look like a complete war zone.  No human being deserves that no matter how many holidays they booked last year.

Tue, 02/21/2012 - 21:52 | 2183091 bank guy in Brussels
bank guy in Brussels's picture

It's no excuse for these bankster-centred impositions, but it is true there are real problems in how the Mediterranean countries are run.

As I talk with people from Greece, Portugal, Spain etc., I am surprised how often I hear citizens of these countries say that despite all the hardship, the outside influences are 'necessary' to help these countries be better run ...

Some Greeks etc. still have a feeling that the internal forces of inertia in their countries are just too strong to change anything without some kind of outside dictatorial imposition.

But I still think it's no excuse for this kind of external meddling, and having foreigners impose harder living conditions on common people.

If countries are going to screw up their internal economies on their own, that is their choosing, but at least then they will know, along with Frank Sinatra, "I did it my way."

In fact, some societies may be better when things are less 'efficient'. Great Britain was a much more charming place a couple decades back when it was poorer.

Tue, 02/21/2012 - 21:58 | 2183105 postafoa02
postafoa02's picture

i can't resist chiming in here. The fact is that income tax was born at a time when ppl walked around with gold coins in their pocket. Governments needed a part of that physical gold for their expenses.

 

Today, no government need any taxes to cover any expenses, why would they? the central banks just created 7 trillion out of thin air. Today governments could just print all the money they need. If they were competent, they would use part of that money to grow their domestic economy to balance the increased moneysupply. Also citizens saving in gold would make the country wealthier thus also neutralizing the increased moneysupply.

 

The people could be allowed to invest their excess income in gold and silver. Any country that would adopt this system with no income taxes and encouraging citizens to save in gold would instantly become the most prosperous country in the west atleast (think India).

 

The fact is that income taxes serve only one purpouse today, which is CONTROL of the people. It is absolute insanity for governments today to print billions out of thin air, spread that money into the economy and then run a gigantic machinery for clawing back some of it. In today's age of free money, taxation is just a giant scam.

fofoa.blogspot.com <- go there to wake up

 

 

 

 

Tue, 02/21/2012 - 23:43 | 2183304 Global Hunter
Global Hunter's picture

I had never thought of that point, brilliant!

Wed, 02/22/2012 - 05:37 | 2184084 reload
reload's picture

Yes excellent: I`d vote for no tax and my savings in PM`s, but thats not going to be on offer is it? Ever.

Regarding Greece and its awful situation - I am sickened that GS who enabled fraudulent Greek Euro entry and thus its issuance of Euro denominated bonds is not having their arse sued off by - The European Commission, Greek Bondholders, The ECB, all the Euro Nations CB`s. Jesus if I so much as tell my staff when they should take their holiday I am at risk of becoming interesting to the European Court of human rights. But when a bank creates a string of derivatives with the sole intention of profiting from the resultant distortion of the truth thats ok....financial and human carnage be damned.

Wed, 02/22/2012 - 07:31 | 2184131 falak pema
falak pema's picture

In theory this is fine, but in reality, for the printing press to HAVE CREDIBILITY, the central bank/government construct would have to use the gold and silver wealth of its citizens as collateral. As, if the money were kept in private banking institutions, it would just move out at a drop of a hat if the private bourgoeisie did not agree with government policy. (Like today, in reality)...But I'm not knocking the gold/fiat linkage btw.

The private rich today, as always, would move their wealth out, like currently in Greece, and central banks would then be naked and generators of inflation fiat! Of course today in Greece that's not possible as they are owned by ECB!

This notion of power is a TWO EDEGED SWORD; STATIST IRRESPONSIBILITY (CHARYBDIS) AND PRIVATE CORPORATE IRRESPONSIBLITY (SCYLLA). With the people, who are not rich as they spend ALL they earn, at best, caught in between, like Ulysses's ship.

The responsibility and wealth HAS to be shared and regulated in a law abiding structure. 

Today there is TOTAL irresponsiblity and crony collusion in first world; where the government sector kneels to private sector Oligarchy. Now the sword is yielded by BOTH on the people...

Where is the responsibility to the people; the REAL wealth creators in all constructs, as labour is the blood of wealth creation??? That is the issue, more so than taxation and fiscal pain. Nation State or even Continental state Power has to be an intelligent and legal compromise a way of wise governance to share TRUE wealth creation. 

Fiat printing as you envisage it would ONLY work if the wealth was tied into that legal structure, not movable...SO power is the bedrock of ALL political constructs. Power and Freedom, the balancing act it stays through the ages; money only a means to an END.

Wed, 02/22/2012 - 20:25 | 2187142 postafoa02
postafoa02's picture

very interesting, thanks for your response. I have nothing to add here but just a quick note to all the euro bears out there, inspired by itstippy's comment

 

Jim Rickards in my opinion is correct being bullish on EUR in his reasoning, but i haven't ever heard him mention the real fact that the ECB is the only major CB in the world that actually marks it's officially stated gold holding to market quarterly, published in their consolidated financial statement (confinstat) report.

 

What that means is that if gold will continue to rise in nominal price as the race to the bottom continues, the ECB's balance sheet will only get stronger and stronger, while the US has it's gold on their balance sheets at $42.22. Something will have to give!  :p

 

 

Tue, 02/21/2012 - 20:56 | 2182956 itstippy
itstippy's picture

Alas, poor Euro! I knew him, Horatio: a fellow
of infinite jest, of most excellent fancy: he hath
borne me on his back a thousand times; and now, how
abhorred in my imagination it is!

 

Tue, 02/21/2012 - 21:01 | 2182961 slewie the pi-rat
slewie the pi-rat's picture

well, yeah

i've been saying the same thing, here, for over a year, especially about greece, but also ireland, and all the banks that are insolvent

let the zombies and BKs fail

all that is happenening is that private losses are being passed to SOVEREIGN DEBT by the  fascists

greece?  L0L!!!

well, ar least this shakespeare shithead is "eloquent"!  

...not that i listened to his 8-day-old spiel...

 

 

Tue, 02/21/2012 - 21:01 | 2182970 williambanzai7
williambanzai7's picture

A truly Homeric Simpson struggle...

Tue, 02/21/2012 - 21:05 | 2182978 Dr. Engali
Dr. Engali's picture

Interesting How the bitch referred to Greece as a " shiftless member ".

Tue, 02/21/2012 - 22:14 | 2183095 blindman
blindman's picture

shiftless “wanting in resources,” 1580s, from shift + -less. Related: Shiftlessly; shiftlessness.
http://www.etymonline.com/index.php?allowed_in_frame=0&search=shiftless&...
.
when you can create "money" out of thin air, as all money is created today,
who is shiftless? the money creators? the authority? the debtor? no, it is
labor, the shiftless bastards who cannot afford to buy the products they produce
and wish to own and consume. inflation is the source of the "debt". what did he say?
it is all a fraud. bingo.

Tue, 02/21/2012 - 21:06 | 2182980 blindman
blindman's picture

http://www.youtube.com/watch?v=Pdz_rmARn3E&feature=related
The Wages Of Sin - Rainmakers
.
"The Wages Of Sin" by The Rainmakers from _Tornado_
---------------------------------------------------
I was praying last night when an angel broke the line
She said "I'm gonna have to put you on hold for a time"
I said "Hold like Hell, let me talk to the Boss"
She said "Sorry sucker (sinner), it's the Boss's day off"
And I realized then that the wages of sin
Was two bucks an hour and working weekends

I was ignoring the thief who was lashed to the cross
He cried "Help me get this son-of-a-bitch off"
I said "I would if I could, I can't so I won't
Well I wouldn't want you messing your hair up, so don't"
And I realized then that the wages of sin
Was all the lumber you can carry, all the nails you can bend

The wages of sin, the reward of fear
Is worrying and fretting every second of the year
If Heaven is guilt, no sex and no show
Then I'm not sure if I really want to go, Oh

The wages of sin, the price that you pay
Is worrying and fretting every second of the day
The Church and the State, your God and Countrykind
One gets your body, the other gets your mind

Mary, Mary Magdalene, how 'bout a date?
You've been wasting your time staying up so late
Your boyfriend's dead, the word is you're a whore
Just about then I heard a knock on the door
And I realized then that the wages of sin
Was a bad reputation and too many friends

The wages of sin (repeats)

Tue, 02/21/2012 - 21:07 | 2182983 williambanzai7
williambanzai7's picture

TO DEFAULT, OR NOT TO DEFAULT
William Banzai Shakespeare

To default, or not to default: that is the question:
Whether 'tis nobler at this time to suffer
The slings and arrows of outrageous financial misfortune,
Or to take arms against a sea of rising debts,
And by opposing end them? To die: to sleep;
No more; and by a sleep to say we end
The heart-ache and the thousand market cuts,
That insolvent flesh is heir to, 'tis a debentured recomposition
Devoutly to be wish'd. To die, to sleep;
To sleep: perchance to dream: ay, there's the hubub;
For in that sleep of fiscal death what disastrous dreams may come
When we have lanced off the bankrupt boil,
Must give us pause: there's the disrespect
That makes calamity of yields to maturity,
For who would bear the whips and scorns of fiat debasement,
The creditor's wrong, the borrowing idiot's contumely,
The pangs of despised austerity, the law of gravity's delay,
The insolence of office and the spurns
That impatient murmurs of Wall Street snakes,
When he himself might his quietus make
With a debt addicts bodkin? who would loan fardels bear,
To grunt and sweat under a weary life of indentured serfdom,
But that the dread of something after forcible redemption,
The undiscover'd wasteland from whose bourn
No political hack returns, puzzles the will
And makes them rather bear those monetary ills we have
Than fly to others that they know not of?
Thus ignorance does make cowards of them all;
And thus the native hue of fiscal resolution
Is sicklied o'er with the pale cast of votes bought,
And swindling enterprises of great Ponzinomic moment
With this regard their ratings turn awry,
And lose the name of action. - Vote you now!
The debt ceiling hysteria! Banksta pimps, be in thy orfices
Be all our financial sins remember'd.

 

Tue, 02/21/2012 - 22:03 | 2183054 LouisDega
LouisDega's picture

Where did you come from willis?  Not even the mystery of life is this deep. You must be God or a Shakespeare wanna be bitchezzz.  If you are God,  I am ready to be your immortal servant in your beloved paradise....  But please. Change your avatar first. Its scary and has no resemblance to Robert Powell. Amen

Tue, 02/21/2012 - 22:07 | 2183117 BliptoP3
BliptoP3's picture

Troika:
Who is it in the press that calls on me?
I hear a tongue shriller than all the music
Cry "Troika!" Speak, Troika is turn'd to hear.

Blogger:
Beware the ides of March.

Troika:
What man is that?

Blankfein:
A blogger bids you beware the ides of March.

Tue, 02/21/2012 - 22:33 | 2183149 WmMcK
WmMcK's picture

"The fault lies not in our stars, but in ourselves"

Wed, 02/22/2012 - 05:27 | 2184079 falak pema
falak pema's picture

...that we be without underwear??

Tue, 02/21/2012 - 22:10 | 2183119 trentusa
trentusa's picture

wb7 that is one of my fav shakespeare passagyes. It is not easy to rhyme like Shakespeare even for the WB7 & i am a great fan of your visual imagery wb7 but iambic pentameter is a bitch for graphic artists even very talented ones

Tue, 02/21/2012 - 22:32 | 2183145 williambanzai7
williambanzai7's picture

I once knew a girl who was iambic, but she looked great with her pentameters off.

Tue, 02/21/2012 - 22:58 | 2183198 WmMcK
WmMcK's picture

My kingdom for such a beast.

Wed, 02/22/2012 - 05:36 | 2184078 falak pema
falak pema's picture

My quartrains against her iambics would have made my antics pentametric to get her gyrations copulafrantic.

I don't think SHakepeare would have approved of my rant by he would certainly have shaken his spear in poetic contango. 

 

Rodney Shakespeare awesome : In the winter of our Athenian discontent may cauldron bubble and toil and trouble spew its vengeance on all who cry : manifest destiny is Greece's future!

Tue, 02/21/2012 - 22:26 | 2183138 WmMcK
WmMcK's picture

hubub = A word that shouldn't be said or your mouth will fall off?

Tue, 02/21/2012 - 21:08 | 2182985 Caviar Emptor
Caviar Emptor's picture

More fascist porn: Modern day US slavery:

 

America’s baby boomers entering a new era of  ‘work til you drop’   Stock market woes and shifting technology have made retirement an unrealistic option for many

 http://www.nydailynews.com/news/national/america-baby-boomers-entering-a-era-work-til-drop-article-1.1026223#ixzz1n4J9BvzO

 

Tue, 02/21/2012 - 21:18 | 2183009 Don Birnam
Don Birnam's picture

Unrealistic, perhaps; inevitable for some...sooner, rather than later.

http://philadelphia.cbslocal.com/2012/02/21/hepatitis-c-surpasses-aids-a...

Tue, 02/21/2012 - 21:31 | 2183042 Dr. Engali
Dr. Engali's picture

Couldn't happen to a better group for fucking this country up as bad as they did.

Tue, 02/21/2012 - 21:57 | 2183101 Cabreado
Cabreado's picture

Not to worry... in the midst of whatever generation you are in are those ready, willing and able to live lives of mass destruction as well.

You must admit that there are plenty of < 46-year-old individuals involved right now, as we speak, with destroying all sorts of things -- your wealth, your law, your "social fabric," et al -- and many are being paid quite well for it.

 

Tue, 02/21/2012 - 22:02 | 2183109 Dr. Engali
Dr. Engali's picture

That may be true but the unbridled greed of the boomer generation who had to have it all and had to have it now allowed these pied pipers to get into power. They have sold and continue to sell the future of this country for generations.

Tue, 02/21/2012 - 22:47 | 2183169 Caviar Emptor
Caviar Emptor's picture

I thought it was the banksters who sold the future? 

Wed, 02/22/2012 - 00:41 | 2183434 Dr. Engali
Dr. Engali's picture

The baby boomers with their wanting everything here and now allowed the bankers to prosper. They wanted a big home.They wanted their "investments" to only go up. They wanted their social security but they didn't want to pay into it. They wanted their big cars and their cheap gas, and they didn't care how many wars they started or how many brown people they had to bomb to get it. They wanted their free health care, but they are unwilling to pay for it through higher taxes so the bankers were happy to oblige. They were more than happy to throw all that on to the next generations Through piling on more debt. .Now they want to preserve their assets so that they don't have to draw off of them while some other working stiff bares the burden of funding their retirement. Yes the baby boomers fucked up this country.

Tue, 02/21/2012 - 21:09 | 2182986 blindman
blindman's picture

paying interest to the eu? they can pay it to
themselves and be sovereign, there the sin of usury.

Tue, 02/21/2012 - 21:13 | 2182997 holdbuysell
holdbuysell's picture

"'manipulations that justify the banking occupation of Greece'."

I believe we'll be seeing that quote or similar again. I've fixed it below:

'manipulations that justify the banking occupation of <name your debt-burdened country>"

Tue, 02/21/2012 - 21:15 | 2183001 non_anon
non_anon's picture

ah, study the life and times of Shakespeare and ye shall understand

Tue, 02/21/2012 - 21:24 | 2183021 navy62802
navy62802's picture

That RT chick is SMOKIN hot!

Tue, 02/21/2012 - 21:42 | 2183067 chump666
chump666's picture

I would love to have the RT girls at my place for cocktails

...all of them.

 

Tue, 02/21/2012 - 22:49 | 2183176 riphowardkatz
riphowardkatz's picture

Before they come over you better to do your laundry and remove the schlitz cans.

Tue, 02/21/2012 - 23:13 | 2183227 blindman
blindman's picture

http://maxkeiser.com/2012/02/21/pat-buchanan-300-nukes-in-israel-yet-ira...
Pat Buchanan: 300 nukes in Israel yet Iran a threat?
Posted on February 21, 2012 by maxkeiser

Tue, 02/21/2012 - 21:25 | 2183023 Nobody For President
Nobody For President's picture

The Troika is Debtor in Possession and they need to get the revenue up, so fire all the Greek tax collectors and replace them with about a third as many German tax collectors.

Problem solved!

Tue, 02/21/2012 - 21:27 | 2183028 Timmay
Timmay's picture

Common sense abounds. It seems no one is listening.

Tue, 02/21/2012 - 21:29 | 2183036 justsayin2u
justsayin2u's picture

Cant they sell organs or blood?  Cant they spare an eye and a kidney?  Selfish louts.

Tue, 02/21/2012 - 22:14 | 2183125 WmMcK
WmMcK's picture

Or a pound of flesh? Apologies to the bard.

Tue, 02/21/2012 - 21:44 | 2183072 lailapa
lailapa's picture

World War III

Those who won all battles shall lose the war.

Bilderberg Group and the crimes against humanity.

This is how things work in all countries. Whatever used to belong to their peoples, today it belongs to the multinational companies of the Club. Peoples were betrayed by their given leaderships and they lost everything. Capitals and markets were handed to the Club bosses. If you understand what is going on in Greece, you can understand what is going on in Britain, France, and Germany etc..

http://eamb-ydrohoos.blogspot.com/2012/02/world-war-iii.html

Tue, 02/21/2012 - 21:46 | 2183074 ozziindaus
ozziindaus's picture

The basic fact is that Greece, amongst most indebted nations, cannot possibly pay the debts back. In the past was a jubilee, now it's forced imprisonment in the EU. The dilemma Germany has is that a Greek exit may be contagious to other PIIGS and they know that it's these PIIGS that bring good value in suppressing the EURO for Germany. 

Tue, 02/21/2012 - 21:55 | 2183099 eddiebe
eddiebe's picture

Assuming that the powers that be want a one world government to consolidate their power and gain better control, it would stand to reason that Greece will not be allowed to leave the Euro zone, certainly not if the only thing it takes to keep them in the zone are a few hundred billion worth of electronic bits.

Tue, 02/21/2012 - 22:07 | 2183118 tony wilson
tony wilson's picture

 

Lord James of Blackheath FOUNDATION X UPDATE February 16 2012

 

http://www.youtube.com/watch?v=eL5hqvTWkYg&feature=player_embedded

Tue, 02/21/2012 - 22:33 | 2183147 Kali
Kali's picture

I am absolutely intrigued by this!  If true, the sheer amount of the fraud is stunning!  Any and all info on this subject is much appreciated.

Tue, 02/21/2012 - 22:19 | 2183131 Miss Expectations
Miss Expectations's picture

For Tyler:

     A KNYGHT ther was, and that a worthy man,
     That fro the tyme that he first bigan
  To riden out, he loved chivalrie,
     Trouthe and honour, fredom and curteisie.
     Ful worthy was he in his lordes werre,
     And therto hadde he riden, no man ferre,
     As wel in cristendom as in hethenesse,
  And evere honoured for his worthynesse.

Wed, 02/22/2012 - 06:52 | 2184120 falak pema
falak pema's picture

 

If you believe in that and like a romp through history then read this : 

Pech Souleila: Sidi Kafir By Falakpema

Spot on the dot! 

Do NOT follow this link or you will be banned from the site!