Letter to the People of Greece: You Are Being
are being slaughtered right in front of the world’s
eyes and nobody says beep. Least the Greek elite.
Your Government. A few, but a few too many, allow
the slaughter because it doesn’t concern them. They
are blinded by the false glamour of the euro and of
belonging to the ‘elite class’ of the noble
apparently live well enough, including the caviar
socialists of Syriza. They let their country bleed
to death literally, morally, socially and
psychologically. Medical care is no longer available
or privatized and unaffordable. Pensions were
reduced five times. They were never more than a
survival kit. By now they have been slashed in some
cases by over 50%. Hordes of people live on food
handouts. Most social services, including to a large
extent education have been sold out, privatized.
Gone with a flicker. Gone, by order of Germany – and
the holy troika – the criminal gang of three, IMF,
European Central Bank (EIB) and the European
Commission (EU); the latter a mere bunch of
unelected corrupt puppets, deciding the fate of some
800 million Europeans – with YOU, the Greek people,
accepting carrying the brunt end of the stick.
September 2016, the unelected European Commission
sent Greece a Brussels-drafted legislation of over
2,000 pages, in English, to be ratified by the Greek
Parliament within a few days – or else. – Nobody
asked: ‘What is else’?
didn’t even bother translating this unreadable
legalistic heap of paper into Greek, nor did they
allow the Parliament enough time to read, digest and
debate the new fiscal legislation. Most
parliamentarians could not read them, either because
of language or due to the imposed time limit. The
Parliament ratified the legislation anyway.
new law, Greece is transferring all public assets
(public infrastructure, airports, ports even public
beaches, natural resources, etc.), unconditionally,
for 99 years, to the European Stability Mechanism (ESM)
which is free to sell (privatize) them at fire sales
prices to whomever is interested – supposedly to pay
back the Greek debt. The fund was originally
estimated, certainly under-estimated – at about 50
billion euros. In the meantime, the value of the
Greek assets has been further downgraded by the
troika to between 5 and 15 billion euros, as
compared to Greece’s debt of more than 350 billion
euros. The ESM is a supranational undemocratic
apparatus, accountable to no one.
legislation, the Greek Parliament – YOUR Parliament,
Esteemed People of Greece! – has annulled itself. It
is no longer allowed to pass any budget or fiscal
(tax) legislation. Everything is decided in Brussels
in connivance with the IMF and the ECB. The last
time a similar situation happened was in 1933, when
the German “Reichstag” (Parliament) transferred all
of its legislative power to Chancellor Adolf Hitler.
People of Greece – is sheer economic fascism, right
in front of your eyes, the world’s eyes, but nobody
wants to see it. The worst blind is the one who
doesn’t want to see.
seizure was confirmed when the last hope for at
least some debt relief was dashed at the end of
February this year. Even the IMF initially
recommended and today still privately recommends
debt relief. However, Germany without mercy
announced the final pillage of Greece, requesting
Greece to surrender gold, utilities and real estate
to the ESM – largely managed by Germany. The next
‘bailout’ amount, if Greece goes to her knees and
surrenders everything, might be 86 billion euros,
meaning NEW DEBT. In exchange of what? More
interest, a higher debt service (interest and debt
amortization) — and an even bleaker outlook to ever,
and I mean ever, getting out of this US-European
fascism imposed process of killing of a nation.
Chancellor Angela Merkel is reported to have said,
“Berlin’s stance on Greece’s bailout program
remained unchanged”, after she met with IMF chief
Christine Lagarde a few days ago (http://russia-insider.com/en/greece-surrender-gold-public-utilities-and-real-estate-exchange-pieces-paper-printed-brussels).
Some facts about Greece’s debt, as of 9 March 2017:
billion euros (interest per second: 617 euros; debt
per citizen: 32,580 euros).
per year: 19.5 billion euros.
bailout funds from 2010 to end 2016: in excess of
250 billion euros – none of which went to Greece for
the benefit of the people, but to pay debt service
to the troika and pay off mostly German and French
Debt as a
percentage of GDP: 181% (GDP 195 billion euros);
2008 Debt to GDP: 109% (less than today’s US debt to
GDP ratio of 109.63%).
GDP amounts to less than 2% of EU’s GDP.
has collapsed by more than 25% since 2008.
Unemployment is rampant – with an average of 26% –
and close to 50% for young people (18 to 35).
debt in 2008 would have been totally manageable
internally, without outside interference, or
so-called ‘bailouts’ – which are really not bailouts
but forced debt accumulation.
debt was NEVER a threat to the European Union, as
the FED / ECB / WS bankster propaganda made you
believe. The Greek and subsequent “European Crisis”
was entirely fabricated by the banksters for their
benefit, at the detriment of Greece and Europe. It
had nothing to do with the Greek or European debt.
But nobody questioned it. Those European and
international top economists and politicians who
knew, didn’t dare to speak out. The voices of those
who did dare to speak the truth were muffled. The
people of Europe were lied to, including the Greek,
as usual by the presstitute media.
Let’s put the Greek debt in perspective.
September 2011, without warning, the Swiss National
Bank (SNB) devalued the Swiss franc by about 12%
against the euro to protect its economy. This was an
unfair move – to say the least, since none of the
euro-zone bound countries has the liberty to re-or
devalue its currency, as deemed necessary by their
economy, i.e. Greece. While Switzerland is not a
direct member of the EU, Switzerland is nevertheless
bound to the EU by more than 120 bilateral
contracts, thereby de facto a EU member.
3 ¼ years of locking the exchange rate into a fixed
rate of at least CHF 1.20 per euro, the SNB amassed
more than 500 billion francs in extra foreign
currency, mostly in euro. This is about 150% of
Greece’s current debt.
Switzerland, a country of 8 million people, in
theory, could bail out Greece’s full debt, say, at
no interest, by a 50-year loan (World Bank IDA
terms) – in solidarity; and to compensate a bit for
the SNB’s questionable ethics vis-à-vis EU members.
Switzerland would not suffer. To the contrary, such
a move would help stem the risk of a Swiss currency
inflation, due to the huge amounts of Swiss francs
that needed to be ‘printed’ to maintain the
artificial exchange rate against the euro. Would
Switzerland be prepared to engage in such a solidary
rescue action? –Probably not.
People of Greece! – Wake up.
in your own hands! Don’t believe you politicians,
your media! Get out of this criminal organization
called the European Union, and this fraudulent
western monetary system that is strangling you to
death. Take back your sovereignty, your own
currency. Default on your debt – the west can do
nothing about it. Not if you run your country with
your own public banks, and your own money, gradually
but surely rebuilding a destroyed economy. Debt
repayment is negotiable. Cases abound around the
world. Argentina is one of the more recent ones.
Even Germany renegotiated its foreign debt in 1952
(see London Agreement of German External Debt).
the leader of this economic massacre of Greece, owes
Greece huge WWII reparation payments. On 8
February 2015, PM Tsipras requested Germany to pay
up her full reparation debt to Greece of an
equivalent of 279 billion euros, in today’s terms.
Germany replied in April 2015 that the reparation
issue was resolved in 1990 – which, of course, it
wasn’t. It cannot be excluded that much of the
German pressure on Greece today is a means of
deviating the world’s attention of the reparation
debt Germany owes to Greece.
Greece, be aware of what is going on. Do NOT ACCEPT
what your government, Brussels and the troika are
doing to YOU and YOUR country. To the contrary,
request the full reparation payment from Germany –
and demand GREXIT, as a fully legitimate follow-up
to YOUR July 2015 overwhelming NO vote to more
austerity-imposing troika ‘rescue’ packages.
If you do,
you will soon see the light at the end of the tunnel
— a light that has been blacked-out for too long by
Germany and the gangsters of the troika and your own
Threats of Expulsion from the Euro Zone
Finance Minister, Wolfgang Schaeuble still is
attempting bluffing the Greeks and impressing the
rest of the world by threatening Greece with
expulsion from the Euro. Any sane government would
turn that threat into its own initiative and abandon
this putrefied monster called European Union, along
with its fake and fraudulent common currency, called
euro. But that’s the problem, Greece is reigned by
Greek Government responds to insanity (from the
troika) with insane submissiveness, namely with meek
compliance – to the detriment of millions of their
already deprived and enslaved compatriots.
Among those (still) influential Greek highflyers is
Former Greek Finance Minister Yanis Varoufakis; the
legendary and charming, ‘radical’, Motorcycle
Minister. Though he resigned in apparent protest of
the Syriza compliance with the troika’s requests
despite the NO vote, today he is nothing more than a
conformist, who is seeking few nominal ‘reforms’ in
Brussels, but by no means wants Grexit, let alone
the collapse of the EU – which, by the way, is
fortunately imminent. As Greek Minister of Finance,
Varoufakis never even had the ‘Option Grexit’ as a
screams, yells, revolts, takes to the streets,
blocks streets, bridges, railways, for days, weeks,
interrupts the still ongoing commerce of the foreign
owners of what’s left of YOUR country’s public
assets. Nobody. This is not to blame the Greek who
have to fight for sheer survival, who have to find
ways to feed their kids and families, but the
j’accuse goes to the Tsipras- Syriza clan and
all those Greek elitists, the media (are they all
bought like in Germany by the CIA?) and
parliamentarians, who just watch in awe – but stand
by. No action. Watching Greece – YOUR country,
People of Greece! – bleeding to death.
this is in fact not about debt and bailouts. If they
tell you that the European ‘debt crisis’ is Greece’s
fault, and that a new crisis is brewing, depending
on how well Greece will conform to the rules of the
next bail out – it is an outrageous lie. This crisis
is manufactured by the very European, their elite,
the FED-led Goldman Sachse’s of this world, who run
the European Central Bank through Mario Draghi, a
former GS executive – who de facto runs the
Why do they
want Greece under their boots? – They, the scum of
Brussels and ‘swamp’ of Washington (as President
Trump used to call the Washington Deep State
‘establishment’), want a submissive Greece. Because
Greece is in a highly strategic geographic location,
at the cross-roads of west and east. Greece is a
NATO country. Maybe the second most important NATO
country (after Turkey), because of its strategic
position. They don’t want Greece to be run by a
‘left-wing’ government. Syriza, of course, is
everything but left-wing. It is as neoliberal as
they come. The masters of the universe want ‘Regime
Change’ – the good old regime change that threatens
all those who do not bend to the rules of the west.
Right now, the Syriza government is bending
backwards over to please the money masters and to
let her people be miserably humiliated and ruined.
to hold new elections and let a right-wing party and
Prime Minister win, à la New Democracy or
even the fascist Golden Dawn, or a
coalition of the two – the debt problem would go
away, almost overnight. What Washington wants, and
Brussels by (puppet) extension, is a compliant
Greece that will never ever question its role in
NATO, never question the EU, never question its
shackles to the euro, and never question the US
access to the Mediterranean Sea – rich in deep
off-shore minerals and hydrocarbons. The same
applies, by the way, also to Italy, Spain and
Portugal – also riparian states of the Mediterranean
Sea. Their governments have already been changed by
outside (US / EU) interference to right-wing
neoliberal compliant stooges.
elite and government inaction is inexcusable. This
is Stockholm syndrome at its worst. Submissive to
their hangman, until death do us part. And death in
the form of total destruction, total pillage, total
slavery, is not far away.
People of Greece, want to continue this path to
slavery by a predatory empire, that will eventually
call the shots on every move you make?
Or do you
want to get your sovereignty back, your own currency
– and be unshackled from the dictate of Brussels –
and start afresh – as the noble and wise Greek
people, who brought Democracy to the world some 2500
years ago? – Surely, Greece still has visionaries
and the wisdom to remake Democracy. Remember, while
we cannot change our geographic location – the
future is irrefutably in the EAST.
the People of Greece!
is an economist and geopolitical analyst. He is also
a former World Bank staff and worked extensively
around the world in the fields of environment and
water resources. He lectures at universities in the
US, Europe and South America. He writes regularly
for Global Research, ICH, RT, Sputnik, PressTV, The
4th Media, TeleSUR, TruePublica, The Vineyard of The
Saker Blog, and other internet sites. He is the
Implosion – An Economic Thriller about War,
Environmental Destruction and Corporate Greed
– fiction based
on facts and on 30 years of World Bank experience
around the globe. He is also a co-author of
The World Order and Revolution! – Essays from
views expressed in this article are solely those of the author and do not necessarily
reflect the opinions of Information Clearing