*Shock and consternation after German Finance Minister calls for Greece to postpone elections in April and install a technocratic government
*Greek President rejects aggressive German power grab over country; “default better than a German pistol at head”
*Hopes grow that the Greek army will overthrow bankster puppet government in a coup, restore democracy and sound economy
*Former NATO General Harald Kujat threatens Greek military over putsch, warns Greeks to capitulate to Troika jackboot or face NATO Stormtroopers
*German government divided over Greek bankster bailout
*CSU leader Horst Seehofer calls for veto of Greek bailout
*German President Christian Wulff forced to resign to clear way for new bankster puppet after criticizing austerity without investment on recent trip to Italy
*Outrage at EU imperial overreach grows among German general public, who will have to foot the lion’s share of the public sector bailout Ponzi scheme
*Economist Hans Werner Sinn calls for Greeks to be given support in reintroducing the Drachma
A momentous week in European politics culminated with hopes of military coup in Greece to overthrow the bankster puppet government after Greek president Karolos Papoulias criticized Germany at a meeting with army officers.
A veteran of the Greek resistance to the Nazis during the Second World War, Karolos said that he would not accept the humiliating treatment of Greece at the hands of the German and Troika any longer.
Facing economic chaos and political disarray under a technocratic government headed by an unelected banker appointed by the EU, Greece has few alternatives and a coup may be the best one if it is carried out in the same spirit as the coup by Colonel Claus von Stauffenberg against Nazi Leader Adolf Hitler in 1944 only with more success.
Among its miserable choices, Greece can accept another crushing austerity programme which will result in the collapse of the country and mass impoverishment of its people and probably in a foreign military occupation to enforce that austerity; accept the suspension of elections by outside powers; or a revolution or a coup.
A coup might be the best alternative as long as the army is disciplined, has a clear time table for elections, a good communication strategy — one which reaches out to people across Europe — can put together a transition government made up of political figures from all parties and competent experts, and has a viable plan to reintroduce the Drachma and start to restore economic competitiveness.
UKIPs MEP Nigel Farage pointed out that the current Greek government is not elected: democracy has already been suspended in Greece.
The current government has no democratic legitimacy.
The Troika junta have attempted to reconfigure Greek society from the top to the bottom and impose brutal austerity in the service of foreign creditors.
They have imposed economic policies which have resulted in an unprecedented redistribution of wealth from the mass of ordinary Greek people to foreign and domestic creditors.
They have with callous inhumanity condemned millions of Greek people to crushing taxes, poverty, unemployment and despair.
They have taken the futures of the young people. They have ignored, and they continue to ignore, the social impact of their policies.
They have reopened the old and historic wounds between the Greeks and the Germans by the brutality of their power grab and brought the countries to the brink of open conflict with a German NATO general daring to suggest NATO troops will be sent in to prop up the discredited Troika junta.
Who does Harald Kujat think he is? NATO is not a private army belonging to the banks and propping up undemocratic bankster puppets is not in its mandate or its mission.
The Troika junta has dismantled government institutions by setting up a technocratic government and special agencies run by unelected officials to control the budget and carry out privatizations.
They have attempted to replace elected government with a bureaucracy controlled by foreign officials which is penetrated from top to bottom by criminality and which has only one purpose: to collect money from the Greeks.
Their imperialistic ambition for elections to be suspended and an escrow account to be set up to control all tax revenues have caused outrage throughout Europe.
Peter Oborne called the treatment of Greece by the Troika a “social and moral disaster” in The Telegraph.
“[…] by this Christmas, Greece’s depression will have been twice as deep as the infamous economic catastrophe that struck Britain 80 years ago,” he writes.
The economic catastrophe engulfing Greece is a direct result of the Troika’s misconceived austerity policies. These have wiped out businesses, sent unemployment soaring, reduced tax revenues and increased the overall national debt. The measures have sent Greece into a debt death spiral predicted by this blog in 2010.
The road to this disaster was paved by the actions of the EU and Germany.
The Greek economy became uncompetitive due to introduction of the euro at too high a rate – this, at the insistence of Germany.
The German Bundesbank and ECB financed Greece’s growing current account deficit by stealth using the target 2 system.
The ECB appears to have helped banks and hedge funds manipulate CDS to push up the interest on the national debt.
The national statistics were also manipulated to exaggerate Greek debt and force it to make punishing interest payments to foreign creditors as part of a penal “bailout” programme.
The ECB is at the heart of what former Argentinian central banker Mario Blejer called a euro Ponzi scheme which leaves all European tax payers having to pick up the bill when the Greeks can no longer keep paying.
Richard Parker writing in the FT was admitted that the clichés about an incompetent government are largely untrue.
“But almost none of the moralizing clichés were true. Greek taxes were more than a third of gross domestic product, near the European average. And if Greeks were anti-business, why then were there more small entrepreneurs per capita than anywhere else in Europe? Government was not bloated in terms of employees – at a fifth of the labour force, it was about the European average. Corruption was clearly a problem, but our data showed it was concentrated – incomprehensibly to non-Greeks – in the health sector, where minor “gifts” to doctors secured early scheduling of surgeries,” he wrote this week.”
Oborne describes the shattering impact of the Troika junta’s policies on Greece.
Indeed, the damage inflicted on is similar to that which the country would have suffered if it had been in a real war and is comparable with the second world war.
“Perhaps 100,000 businesses have folded, and many more are collapsing. Suicides are sharply up, homicides have reportedly doubled, with tens of thousands being made homeless.”
“This is only the start, however. Matters will get much worse over the coming months, and this social and moral disaster has already started to spread to other southern European countries such as Italy, Portugal and Spain. It is not just families that are suffering – Greek institutions are being torn to shreds.”
Oborne expressed the shock at the brutal arrogance of the EU Troika and German junta.
“What is more striking by far is the sheer callousness and inhumanity of EU commissioners such as Mr Rehn, as they preside over a Brussels regime that is in the course of destroying what used to be a proud, famous and reasonably well-functioning country,” he writes.
He finishes by calling on the UK to come to the assistance of Greece.
“Thus far only one British political leader, Ukip’s Nigel Farrage, has had the clarity of purpose to state the obvious – that Greece must be allowed to default and devalue. Leaving all other considerations to one side, humanity alone should press David Cameron into splitting with Brussels and belatedly coming to the rescue of Greece.”
German ffinancial expert Dirk Müller spoke for millions of decent people when he said that he was shocked at stories of Greek mothers having to hand their children in to care because they had no money to feed them on the Ann Will TV talk show.
The German general public is well informed about the euro Ponzi scheme thanks to the efforts of economists like Hans Werner Sinn. Sinn has repeatedly called for Greece to be allowed to default, reintroduce the Drachma, devalue and regain its competitiveness.
More people in Germany are informed today about what is really going on than at any time before and the Germans will not accept the EU junta’s jackboot either or the transfer the control of their budget to Brussels without a referendum.
The strains in the German government were apparent when Horst Seehofer threatened to veto the Greek bailout deal.
German President Christian Wulff resigned today after an unprecedented smear campaign launched largely by the Springer Verlag, simply because he dared criticize the banks.
As a report on MMNews points out, Wulff’s violations of the law, if there have been any, have been tiny in comparison to figures like Globalist Helmut Kohl who was caught taking bribes.
The Greek military should launch a swift coup accompanied by a communications exercise which reaches out to people throughout Europe explaining the facts about where all their tax money has gone – not to the Greeks but to the banks.
Lessons that Greeks can be learned from the assassination and coup attempt by Stauffenberg against Hitler are:
- appoint a civilian government from all political parties and competent experts to gain broad support among the people
- have a good communications strategy that reaches out to the people of Greece and Europe to counteract the propaganda in the mainstream media especially the German media, explain where the money has gone
- maintain law and order by arresting the bankers and the Troika junta
- have a clear plan for reintroducing the Drachma as a public money and not private money; setting up a public atate bank like China and not a national bank supplying liquidity to private banks, which actually produce the money charging interest and compound interest
- put the money in circulation to stimulate business, investment and trade; use regular questionnaires to get feedback from the population on how they spend their money to adjust monetary policy and fiscal stimulus early to avoid inflation; set up special agencies to support new busineses increasing
- increase earnings from exports and tourism; encourage tourism: “Visit a free country! Vist Greece!”; avoid putting troops and tanks on the streets for PR reasons; sending in a platoon of soldiers together with some police to arrest bankers and EU officials should be enough
- appoint a commission to investigate the financial crisis
- press criminal charges against guilty parties
- default on all foreign debt; nationalizing the banks and writing off all private debt, including mortgage debt
- sue the guilty parties for 100s of billions of euros in compensation
- change the law to give every Greek a basic minimum immediately
- reduce imports, also by rationing oil
- use the foreign exchange surplus to invest in businesses
- substitute imports with domestic production
- form new trade partnerships with non European countries
- forge new political alliances with countries such as the UK
- return businesses and homes to their former owners
- set up a commission to consider reforming the democratic process to allow for more direct democracy
- consider allowing referendums on the budget as in Switzerland
- reform the education system so that children learn the basics of finance and economis in school
- encourage Greeks to celebrate their liberation from EU domination by holding street parties
- launch art festivals, music festivals, roundtable discussions with academics, policy makers and artists to stimulate a lively debate about the financial crisis and to set trends for the future
- switch hospitals from expensive and largely useless drugs to homeopathic treatment
- employ experts from Germany and Argentina to advise the government
The Greeks should not wait decades to ask for reparations for the damage inflicted on their economy by the Troika of the kind which occurred during the world war two. They should ask for reparations immediately from those responsible.
A first step would be to jail hundreds of bankers and also set up a commission just as the government in Iceland did to investigate the financial meltdown of the country.
Law is a body which constantly evolves and financial crimes against humanity need to be taken much more seriously in future. Those who are found guilty of crushing the Greek economy for their profit should be charged and/or sued.
The threat by former German general Harald Kujat that NATO will send in Stormtroopers to fight the Greek army in the event of a coup will backfire on NATO.
NATO does not have the resources needed to occupy and hold down Greece or the rest of Europe – as it will have to — for any period of time against the will of the people any more than Adolf Hitler and Nazi Germany did. There will boycotts of German products and the products of any other countries involved in placing their jackboot on Greece. The German economy will be in tatters. Germany is already burdened with a mountain of national and EU bailout debt obligations. A boycott of German exports would accelerate the decline.
If NATO or the EU attempts to use force to crush a return to Greek democracy and a sound economy in Greece –a folly the German tax payers will ultimately have to pay for –, NATO will overreach and find the move backfires disastrously.
Modern debt collecting on this scale can only work if the Greeks are persuaded to hand over the cash to their creditors. The rest of Europe has to believe that the debts of the Greeks are legitimate and it is acceptable to strip them of democracy to force them to pay.
There is no such belief.
The EU and Germany are perceived as out of control bullies who have gone too far.
Ambrose Evans-Pritchard turns to Greek history to underline the point,
“Athens (then the big bully on block) wanted control over the little island of Melos as a strategic asset in its quarrel with Sparta. It gave the Melians an ultimatum: either submit to Athenian control or face annihilation.
The Melians chose defiance. They were crushed. Those men captured were slaughtered. The women and children were sold into slavery. But the Athenian treatment of the Melians caused horror across the Greek world; it marked the moment of Athenian overreach and the beginning of their decline, as vulnerable city states allied with Sparta to protect themselves. Athenian arrogance backfired disastrously. In the end, Melian exiles retook their island.”