Banksters and speculators order markets to retreat

Neoliberal dictatorship in Greece ready to end the experiment

by system failure

While Samaras administration was hit by the Baltakos scandal (http://www.enetenglish.gr/?i=news.en.politics&id=1839), markets decided to contribute to the fake "success story" of the Greek government and allow Greek Minister of Finance, Yannis Stournaras, to rejoice, announcing that Greece is ready to return to the markets:

"Investment banks such as Deutsche Bank, Bank of America Merrill Lynch, JP Morgan and Goldman Sachs appear to have decided to underwrite the 5-year bond issue worth 2 billion euros, which is the first Greek government bond since 2010 and two since the infamous PSI. This bond issue will 'test the waters' ahead of further issues in 2015, with a 'full return' expected in 2016." [http://www.tovima.gr/en/article/?aid=583621]

These lines show very characteristically who is the boss and what is the timetable for the end of the experiment. The decision of the "bosses" to open the door to Greece for lending again from the markets comes after the vote of the recent bill with tenuous majority in the Greek parliament through which the small-medium business sector in Greece will be destroyed and replaced by multinational cartels. Banksters also have an opportunity for big profits. [http://failedevolution.blogspot.gr/2014/03/greece-debts-for-public-profits-for.html]

Besides, the Greek law is already adjusted to secure the dominance of these banking cartels over Greece without doubt: http://failedevolution.blogspot.gr/2013/11/an-example-of-how-banking-cartels.html

The systemic establishment will help Samaras or his party Nea Dimokratia to stay in power at least until 2016. What is left to do is to sell off natural resources to multinational cartels and local oligarchs and crush minimum wage to 300 euros.

Once Greece will end the experiment, "bosses" will order spreads to fall further to "normal levels", but the social disaster in Greece is more than obvious. Poverty, unemployment, inequality hit record high [http://failedevolution.blogspot.gr/2014/04/a-social-disaster-scenery-for.html], [http://www.enetenglish.gr/?i=news.en.home&id=1841], while public debt is much higher than in 2010, when Greece was excluded from the markets.

Comments

Telegram Founder & CEO Pavel Durov Arrested in France as Online Censorship Escalates

Glenn Greenwald

Όσοι περνάν των χώρα της απόγνωσης παθαίνουν αμνησία ...

globinfo freexchange Δανειστήκαμε αυτή τη φράση από ένα παλιό κομμάτι της Ελληνικής ροκ μπάντας "Τρύπες", για να περιγράψουμε με λίγα λόγια αυτό που φαίνεται να έχει πάθει η Ελληνική κοινωνία. Πώς είναι δυνατόν μια ολόκληρη κοινωνία να έχει ξεχάσει ποιοι τη χρεοκόπησαν; Ποιοι έστησαν το άθλιο σύστημα των κρατικοδίαιτων 'ημέτερων' και της οικογενειοκρατίας; Ποιοι έσωσαν τις τράπεζες με πακτωλό δισεκατομμυρίων σε βάρος της μεσαίας τάξης; Ποιοι έκαναν τη μίζα και το ρουσφέτι επάγγελμα; Πώς είναι δυνατόν αυτή η κοινωνία να ετοιμάζεται να ξαναφέρει στην εξουσία ένα κομμάτι αυτού του άθλιου πολιτικού κατεστημένου, με την επιστροφή μάλιστα του αμετανόητα νεοφιλελεύθερου Κυριάκου Μητσοτάκη και της ομάδας του; Η απόγνωση που έφεραν εννέα χρόνια βάρβαρων νεοφιλελεύθερων πολιτικών και σκληρής λιτότητας και που ανάγκασε τη χώρα να διαβεί τον εφιαλτικό μονόδρομο της μόνιμης χρεοκοπίας, πρέπει να έπαιξε σημαντικό ρόλο. Διότι ως γνωστόν, η απελπισία...

Netanyahu Threatens Lebanon With Genocidal Mayhem

Owen Jones Where is the media outrage?

Norman Finkelstein & Jeremy Corbyn: THE INTERVIEW ISRAEL WANT TO BAN

Double Down News In a powerful and deeply personal conversation, political scientist Dr. Norman Finkelstein sits down with MP and former UK Labour Leader Jeremy Corbyn to analyse the ongoing crisis in Gaza, Western diplomatic inaction, and the media's framing of the conflict. From evaluating ICJ proceedings to dismantling mainstream media "gatekeeper" tactics, Finkelstein and Corbyn provide an unsparing critique of current geopolitical realities and explain why Gaza has become a defining moral touchstone for a new generation. Beyond foreign policy, the pair explore the broader societal shifts shaping world politics today. Drawing on four decades of political activism, they compare today's student movement to historical anti-Apartheid and anti-Vietnam War struggles, while examining the decline of social mobility, the commercialisation of higher education, and the impact of digital media on critical thinking and long-term political engagement.

Houthis Have Inflicted "Astronomical" Damage On U.S. & Israel

Katie Halper Katie Halper talks to Ashok Kumar about how the Houthis are making history: "this is the first time in history that you had the maintenance of a blockade from a force with no navy," Trump "doesn't know what to do about it" and they're inflicting "astronomical liabilities" on Israel and the U.S. Ashok Kumar is a University of London Professor and a Green Party activist in the U.K.

CNN Host COMPLETELY DESTROYED By RFK For Lying About COVID & Vaxx!

The Jimmy Dore Show In this video, Jimmy Dore offers a scathing critique of CNN's Dana Bash and her colleagues in the legacy media for their COVID-19 coverage, accusing them of being paid mouthpieces for pharmaceutical companies rather than skeptical journalists. He argues that Anthony Fauci systematically lied about masks, social distancing, natural immunity, and the virus's origin, while CNN and other networks censored dissenting scientists like Dr. Robert Malone and Dr. Peter McCullough. Dore points to documented financial ties between Pfizer and CNN, as well as statements from former medical journal editors confirming widespread industry corruption, to support claims that the pandemic response was manufactured for profit. The segment defends RFK Jr.'s questioning of vaccine science and measles narratives, concluding that mainstream media journalists who ridicule truth-tellers are cowardly accessories to a deadly medical fraud.

Jul 2018 picks

Retired US army colonel implies that a war with Iran could start with a Vietnam-type false flag operation Corporate media begin typical operations to make progressives comply with the establishment WikiLeaks paper shows France & UK pioneers behind Libya breakup Twitter under fire on European Commission hypocrisy to 'stand with the Greek people' IMF mafia ready to repeat the big crime in Argentina The financial system of chaos: no one can tell the 'when', 'where' and ‘how’ of the next financial meltdown Standard and Poor's 'coincidentally' upgrades the Greek economy after Greece expels two Russian diplomats Jill Stein, Jeremy Corbyn, Bernie Sanders: a continuously rising political triplet proves that Socialism unites generations The idiotic circus of terror leads us to the final collapse WikiLeaks paper reveals Ecuadorian private business elites declared war on Rafael Correa right after his election and asked for US support Ho...

Προβλέψεις ...

GR elections Update (15/9): Αναθεωρημένες προβλέψεις (μετά το δεύτερο debate): ΣΥΡΙΖΑ 28-30% ΛΑΕ + ΣΧΕΔΙΟ Β' κ.λ.π. 20-23% ΝΔ 11-13% ΧΑ 6-8% ΚΚΕ 5-5,5% ΕΝΩΣΗ ΚΕΝΤΡΩΩΝ 2,5-3% ΠΟΤΑΜΙ 2,5-3,5% ΠΑΣΟΚ + ΔΗΜΑΡ 3-4% ΑΝΕΛ 2,5-3,5% Update (11/9): Αναθεωρημένες προβλέψεις (μετά το πρώτο debate): ΣΥΡΙΖΑ 25-28% ΛΑΕ + ΣΧΕΔΙΟ Β' κ.λ.π. 20-23% ΝΔ 11-13% ΧΑ 6-8% ΚΚΕ 5-5,5% ΕΝΩΣΗ ΚΕΝΤΡΩΩΝ 3,5-4% ΠΟΤΑΜΙ 2,5-3,5% ΠΑΣΟΚ + ΔΗΜΑΡ 3-4% ΑΝΕΛ 2,5-3,5% Update (04/9): Αναθεωρημένες προβλέψεις: ΣΥΡΙΖΑ 23-25% ΛΑΕ + ΣΧΕΔΙΟ Β' κ.λ.π. 20-23% ΝΔ 12-15% ΧΑ 6-8% ΚΚΕ 5-5,5% ΕΝΩΣΗ ΚΕΝΤΡΩΩΝ 3,5-4% ΠΟΤΑΜΙ 2,5-3,5% ΠΑΣΟΚ 3-4% ΑΝΕΛ 2,5-3,5% Update (29/8): Αναθεωρημένες προβλέψεις: ΣΥΡΙΖΑ 23-25% ΛΑΕ + ΣΧΕΔΙΟ Β' κ.λ.π. 20-23% ΝΔ 12-15% ΧΑ 6-8% ΚΚΕ 5-5,5% ΕΝΩΣΗ ΚΕΝΤΡΩΩΝ 4-4,5% ΠΟΤΑΜΙ 4-4,5% ΠΑΣΟΚ 3-4% ΑΝΕΛ 2,5-3,5% Update : Αναθεωρημένες προβλέψεις: ΣΥΡΙΖΑ 26-27% ...

The dominant elite ready to break the "social contract"

Hyper-automation will allow the super-rich to “get rid” of the rest by system failure Since the French revolution and the new form of the urban states-democracies, the ruling class had to make the so-called "social contract" with the majority. From the moment that the dominant urban class took the power from feudalism and monarchy, should had to find a way to protect the means of production and the labor force. Therefore, the ethnic consciousness in each state served to bound the majority in order to shape national armies to protect the ruling class interests. In exchange, the ruling urban class had given the so-called social state, labor rights, etc., through the nation-state as a carrier and guarantor for all these benefits for the middle and lower classes. Since then, there have been a lot of battles and the majority managed to conquer some benefits. At the start of 20th century, the technology progress had brought the mass production. Western s...

Maggie's ghost: What is haunting Europe

by system failure "A ghost is haunting Europe — the ghost of Communism", Marx wrote in the Communist Manifesto, in 1847. He couldn't probably predict that the ghost above Europe in 2013, would have been totally different. Thatcher's dogmatic faith in free market, in minimizing state's presence, was a basic characteristic of her political perception. One could wonder, why the "Iron Lady" silenced in front of the facts during last decade, especially after the global economic crisis. Is it because of her age? Was she believed in the routine motto that "this is just a capitalism's cycle and will recover soon"? Or is it because she finally understood, rather late, that this was not an ideal model of the free market, but the prevail of a peculiar bank-debtocracy? Margaret Thatcher, is a characteristic case of a politician, who's fanatic faith in a specific perception, wouldn't let her see the real picture, what was this per...

the unbalanced evolution of homo sapiens

Search This Blog