Greece – What You are not Being Told by the Media

[ghulam muhammed]

Greece – What You are not Being Told by the Media

Every single mainstream media has the following narrative for the economic crisis in Greece: the government spent too much money and went broke; the generous banks gave them money, but Greece still can’t pay the bills because it mismanaged the money that was given. It sounds quite reasonable, right?

Except that it is a big fat lie … not only about Greece, but about other European countries such as Spain, Portugal, Italy and Ireland who are all experiencing various degrees of austerity. It was also the same big, fat lie that was used by banks and corporations to exploit many Latin American, Asian and African countries for many decades.

Greece did not fail on its own. It was made to fail.

In summary, the banks wrecked the Greek government and deliberately pushed it into unsustainable debt so that oligarchs and international corporations can profit from the ensuing chaos and misery.

If you are a fan of mafia movies, you know how the mafia would take over a popular restaurant. First, they would do something to disrupt the business – stage a murder at the restaurant or start a fire. When the business starts to suffer, the Godfather would generously offer some money as a token of friendship. In return, Greasy Thumb takes over the restaurant’s accounting, Big Joey is put in charge of procurement, and so on. Needless to say, it’s a journey down a spiral of misery for the owner who will soon be broke and, if lucky, alive.

Now, let’s map the mafia story to international finance in four stages.

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http://www.nationofchange.org/2015/07/0 ... Ssd.mailto

[ghulam muhammed]

The really worrying financial crisis is happening in China, not Greece

China looks like it is heading for its version of the 1929 stock market crash

"America in 1929 and China today – are at roughly similar stages of economic development"

"China cannot forever, Greenspan-like, keep answering each successive bubble by creating another"

http://www.telegraph.co.uk/finance/chin ... reece.html