News & Analysis
Elites Blow Up Greece on Purpose?
Can a return to the drachma save Greece as unemployment soars? ... The latest best-seller is the Greek translation of Heinrich Winkler's "Weimar 1918-1933: History of the First German Democracy", narrating how an indebted Germany pursued the same deflation policies under the Gold Standard as Greece is now pursuing under EMU – with the same results. The book culminates in the Reichstag elections of July 1932 when the Nazis and Communists between them won half the seats, and Weimar died. In November alone 126,000 Greeks lost their jobs in a country of 11 million, equivalent to three and a half million Americans in a single month. The unemployment rate jumped from 18.2pc to 20.9pc. This has not yet fed through into social breakdown. Greeks receive unemployment support for an average of thirty weeks, with a ceiling of €454 a month, according to Professor Manos Matsaganis from Athens University. Those with civil service tenure are placed on labour reserve for two years at half their basic pay, or a third of their actual pay."The voices of the desperate, the voices of Greeks are being provocatively ignored. Fear is giving way to rage and the risk of a social explosion can no longer be ignored by those who give orders and those who execute their lethal recipes," he said. – UK Telegraph
Dominant Social Theme: The Germans are just being fair.
Free-Market Analysis: Germany continues to push the Greeks to the brink. For a publication such as ours that tries to analyze elite dominant social themes, the maneuvering is interesting indeed, though the cost is one of blood, tears, agony and death.
Which is why when commenting on this issue we should remember it is more than theoretical. There is no doubt that Southern Europe is being squeezed in a tight vice. Nor is there any doubt, as we have pointed out numerous times, that this "austerity" is a false one.
The Telegraph article (excerpted above) points out that the policies that the Greeks are pursuing are the same ones that Germans pursued during the Weimar Republic. This only confirms our suspicion that the Gold Standard, as the elites use it, is a kind of weapon. It is an instrument of policy.
So why are the Germans now doing to the Greeks what the French once did to the Germans? After the First World War, the elites set up a situation that resulted, eventually, in World War II. In our opinion, World War II may have been planned all along.
That's the way the elites operate, after all. They set up a plausible historical scenario, activate it and then, after the fact, they report it. Those who actually understand what happened die off and a new generation accepts the elites' "directed history" as fact. Here's some more from the article:
The EU-ECB-IMF troika is imposing a further 150,000 public-sector job cuts in Greece over three years, without any offsetting Marshall Plan to rescue private industry ... Dimitra Noussi, who runs two homeless shelters and a soup kitchen for the City of Athens, said the crunch comes once people have been unemployed for five or six months and cannot pay the rent. Most fall back on the kinship network but there comes a point when critical mass overwhelms even this cultural backstop.
"I'm afraid we're going to see an unbelievable increase in numbers. We're suddenly starting to see people in their fifties coming in, and even families with children. They feel humiliated and desperate. I never thought I would see such a thing in my country." It is against this backdrop that the EU-IMF Troika is (rightly) imposing a further 150,000 public sector job cuts over three years, without "wrongly" offsetting measures to prevent the collapse of private industry. The EU "Marshall Plan" promised last June never actually happened.
The Greek state is €7bn in arrears to companies; manufacturing contracted at 15.5pc in December; and a further 50,000 small firms are expected to go bankrupt by July. The Labour Institute thinks the economy will contract by another 7pc this year.
This is "austerity," then. It is turning Greece into a hellhole of starvation and depression. Eventually, the riots that have occurred in Greece are bound to get bigger. Spring and summer are coming and so are elections. And the elections may bring to power those who want to remove Greece from the EU.
Why there should be anyone left in Greece who WANTS to stay in the EU is a good question, so far as we are concerned. There seems to us no doubt that Greece is being treated as a kind of object lesson. Others in the EU are supposed to see that the Eurocrats themselves are in control of EU member states.
This is obviously the plan, and we reported on it just yesterday in our article on Romano Prodi's admission that those in the EU knew the euro would spark a political crisis. You can see it here: EU's Prodi Admits Leaders Knew Euro Would Cause Ruin but Hoped Political Union Would Follow
What are the European elites trying to do? Bear in mind that the Anglosphere power elite is ultimately behind the EU – and that this most powerful of all elites seeks global governance, a New World Order.
It may seem for instance, that the Germans are behind what's going on, but this is a kind of shadowplay, an elite dominant social theme. The Germans were thoroughly defeated in World War II, and their economy shattered. What we consider the Anglosphere, with outposts in the City of London, Washington DC, the Vatican and Tel Aviv, are focused on world domination and intend to realize it.
But it doesn't make much sense that they are willing to tear down the entire EU; therefore we have advanced the idea that some of what is going on is taking place as a reaction to forces beyond the control of the elites.
We think what we call the Internet Reformation has something to do with it. British Prime Minister David Cameron's confrontation with the EU is just one example. We think the dialectic in the EU is being driven partially by the Internet itself.
We don't think the power elite is entirely in charge of its EU experiment anymore. They are being, perhaps, reactive instead of proactive. It seems to be squeezing Greece in order to illustrate to other countries what will happen if they rebel against this onrushing union.
Will it work? We think this strategy is borne, perhaps, of desperation. We do believe the elites anticipated the current euro depression, but it is questionable from our point of view as to whether they had in mind peeling off parts of the European PIGS.
This is a strategy fraught with risk. Will it stop with Greece? What about Portugal, Spain and even France? One can argue that the elites own the banks that are so intent on being made whole by European taxpayers. Thus the entire "crisis" is in a sense "directed history." The elites are PRECIPTATING the crisis.
They are doing so in an increasingly brutal way. And the entire manipulation, if that is what it is, is taking place in front of the all-seeing eye of the Internet. People are increasingly clued-in to these manipulations.
It was certainly the elite plan to consolidate the EU using the inevitable economic crisis, as Prodi has admitted. But what if this thing spins out of control? Are the elites so very confident they can finish what they've begun?
Those who are concerned about such things, either for political or investment reasons, should be watching closely to see what happens to Greece and how bloody it gets. They should also pay attention to the reactions of the rest of the PIGS. The elites may be miscalculating with Greece.
Conclusion: In crushing Greece, will they crush the euro as well? And perhaps even the EU?
Posted by Hugh on 02/21/12 01:28 PM
Is this old news; or even real news?
Click to view link
Reply from The Daily Bell
Wow, so many banker resignations; we're not quite sure what it means but it's some list.
Posted by SoCal fellow on 02/21/12 01:38 PM
Thanks for keeping your practiced, critical eye on this, D-B-.
Maybe things ARE spinning out of the control of the Money Mafia.
Posted by Hugh on 02/21/12 02:00 PM
"The group that claims to have started the American, French and Russian revolutions state they have issued a March 31st deadline to the committee of 300, according to their spokesman 'Alexander Romanoff.'
In addition, Prince Harry has been in touch with the group and has agreed to take over control of the British Royal family from Queen Elizabeth. There are signs, such as the resignation of over a dozen senior bankers and the announcement of a $15 trillion fraud in the UK and a $6 trillion fraud in Italy, that these warnings have been taken seriously.
The Italian case is especially noticeable because one of the people arrested was former Prime Minister Silvio Berlusconni. In addition a meeting is scheduled this week between a White Dragon Society representative and a representatives of the dragon family in mainland Asia to discuss the creation of a meritocratically staffed economic planning agency." ~Benjamin Fulford
Click to view link
Will the elves comment?
Reply from The Daily Bell
Fulford? OK ... Do any of his "predictions" ever come to pass?
Posted by Hugh on 02/21/12 02:29 PM
This story is gaining traction with many alternative news sites. I suspect that there will be controlled oppostion sites making attempts to refute the story but the evidence is indeed compelling.
There are simply too many signs that seem to indicate that the criminal cabal are beginning to jump ship. Apparently the "white hats" in the Pentagon have drawn a line in the sand and have said "no mas"!
Posted by Hugh on 02/21/12 02:31 PM
What a long strange tale it is...
Click to view link
Posted by EdwardUlyssesCate on 02/21/12 02:37 PM
Greece has the population of metro Los Angeles, CA. So it's like our Feds clamping down on LA's debt problems as a lesson to the rest of the country. It punishes 99% of the population for the 1%ers' financial mis-deeds. Even today, the front page story of the Wall Street Journal was "Fed Writes Sweeping Rules From Behind Closed Doors." The Feds are ". . . rewriting the rule book governing the US financial system, . . ." Looks like their European compatriots are doing the same thing.
Posted by Mountainview on 02/21/12 02:37 PM
It's Leviathan vs. Free Market. The Sovjetunion of Europe, planned and managed by Brussels just made a step forward. Greece will get the same status as Bosnia-ie. complete loss of sovereignity. Bankers are fighting for the recognition opf the event as a default and CDS trigger. But the free market for Greek debt will afterwards cease to exist. It's central control by the Kremlin in Brussels.
Posted by nithsdale on 02/21/12 02:38 PM
What is happening to The Daily Bell? Now you are grieving for Greece where Socialism is the most advanced in Europe and can no longer be sustained.
Greece is not the classic of ages ago. It is a polyglot of peoples from all over the Eastern Mediterranean, most drawn by the sun. The only workers in the country are in the fishing and shipping industry and since Greece went overboard for government to take care of everyone, including immigrants, from the cradle to the grave... well, no one works any more than they have to and they are downright surly to visitors and no longer registered as one of the great places to visit. They are a state of laggards just waiting for the next handout!
The real Greeks have been dismayed for years and many of them have left the country, including their shipping industry. If they hanker to return, most buy or rent on a small island to insulate themselves from Athens.
As for German influences, well ever since the Greeks decided the only way to correct the debacle they suffered from the first of the World Wars was to ally themselves with relics of the Germany monarchy, they have been in the German orbit and Germany has assisted them through thick and thin.
As a matter of fact, most of the tourist traffic has been from Germany and its affiliates for most of the 20th Century so there is an economic interest to be considered, even while the Greeks bought into Soviet attitudes of governance.
The recent decades have seen the Greeks switch alliances to the old Soviet bloc, including the Islamic groups, as befits their new immigrants in this 21st Century!
You are confusing your readers with your dalliance with people who have legislated the Free Market out of their existence.
Reply from The Daily Bell
We haven't confused anyone Nithsdale. Of course, just yesterday you posted a feedback explaining that the European Union was the result of a trucker's strike. So you will excuse us if we don't take your observations too seriously this time round ...
Posted by Chasvoice on 02/21/12 03:13 PM
Stay on target Anthony - you're doin' just fine!
Reply from The Daily Bell
Thanks. Anthony Wile doesn't write staff reports though.
Posted by tomdennen on 02/21/12 03:26 PM
Posted by tomdennen on 02/21/12 03:34 PM
Iceland has changed from an externally controlled, interest-bearing money supply to an internally controlled, interest-free money supply. Its total GDP is now what it owes itself, with excesses due to devaluation & current deficits paid back by next year.
"The contrast with the unemployment catastrophe and debt-deflation spirals across Europe's arc of depression is by now crystal clear. Those EMU shroud-wavers who persist in arguing that exit from the Europe would be suicidal will have to start coming up with a better argument."
Iceland's books balance. The nation is virtually debt-free. There are no longer any destroyers siphoning off its wealth. Its people are going back to work toward general prosperity.
There is no blood in the streets.
Posted by Jones on 02/21/12 05:02 PM
"Can a return to the drachma save Greece as unemployment soars?"
Can anything that is advanced in a totally manipulated system work if it is not allowed to?
Posted by alexsemen on 02/21/12 05:16 PM
Just I want to tell to everyone that the all censureships means of the last hours distroyed my e-mail account and I've lost everything I've saved and my all correspondence !
Thank you freedom of western democracy
Posted by Russ on 02/21/12 05:45 PM
The elites not only set up WWII but WWI and the fall of the stock market as well. Three books lay this out very well, published in the 70's, by Anthony Sutton: Wall Street and the Bolshevik Revolution, Wall Street and FDR, and Wall Street and the Rise of Hitler. So you're analysis is spot on. Two other books from the same period by Eustace Mullins-The World Order and The Secrets of the Federal Reserve provide more information. These are relatively short, easy reads and can bring anyone new to learning about the 'elite' up to speed quickly.
Reply from The Daily Bell
Eustace Mullins is someone you apparently want to read with the proverbial grain of salt.
Posted by Summer on 02/21/12 07:28 PM
I only other countries would do the same, and go one step further: have no interest at all!
Posted by Darby Jie on 02/21/12 08:44 PM
Greece's Parliament has sold them out again, as they have just accepted "on behalf of" the helpless Greek population, $billions more in Bailout funds; thus guaranteeing Greece's misery for a long time to come.
I do not at all understand why Iceland was allowed to leave (escape), while all other nations are, it seems, permanently chained to the perdition of the EU. I suppose there is a reason for Iceland's exceptionalism--for Nothing the 'elite' do is without a Machiavellian agenda-- but I had certainly thought & hoped that Greece had some chance to escape. Not to be, though, and that's really sad.
Posted by Hugh on 02/21/12 09:48 PM
Could this be related to the Dragon Family soap opera as reported by David Wilcocks via Benjamin Fulford. All those banker resignations and now the Leo Wanta story unfolding at a rapid pace.
Wanta, as sole shareholder at Ameritrust Corp., controls as much as $7.2 Trillion dollars that is slated for the American people and has begun to release the funds at the state and local levels.
Click to view link
Posted by schrodingers_pussie on 02/21/12 10:19 PM
Iceland still printed its own currency. Greece does not have this ability.
Posted by schrodingers_pussie on 02/21/12 10:30 PM
@DB: "Wow, so many banker resignations; we're not quite sure what it means but it's some list."
Rats jumping the sinking ship, I suspect.
Posted by Darby Jie on 02/21/12 11:05 PM
"Iceland still printed its own currency. Greece does not have this ability."
Then this question - Why couldn't Greece have started printing *their* own currency, since they are a sovereign nation?? Wouldn't that have been a solution? Thx.