Why the Greek elite doesn't want Grexit

globinfo freexchange

It has happened again and again. However, IMF insists on the same recipe. What Greece faces can be seen in the Russian crisis back in the late 90s. The only difference this time is that the IMF has a united currency (euro) to use as alibi and a partner (Commission, ECB) to blame for one more failure.

As Joseph Stiglitz points in his book "Globalization and Its Discontents" :

“The IMF worried that a devaluation of the ruble would set off a round of inflation. Its insistence on Russia maintaining an overvalued currency and its supporting that with billions of dollars of loans ultimately crushed the economy. (When the ruble was finally devalued in 1998, inflation did not soar as the IMF had feared, and the economy experienced its first significant growth.)”

and

“For the oligarchs trying to get their money out of the country, too, the overvalued exchange rate was a boon-it meant that they could get more dollars for their rubles, as they squirreled away their profits in foreign bank accounts.”

http://digamo.free.fr/stig2002.pdf

This explains to a great extent the propaganda of fear launched by the mainstream media long before Tsipras come to power, about the disaster that Greece would face in case of Grexit. Public opinion has been brainwashed to be terrified in such a possibility (although this starts to change), because the return to national currency would be the final crucial defeat for the Greek and the European elites, as it could mark the fall of their financial empire.

In the case of euro, the Greek oligarchs straightly profiting from the hard currency. It is not accidental that the economically devastated Greece is the country with the second growing number of multimillionaires in Europe! (http://failedevolution.blogspot.gr/2014/12/greece-country-with-second-growing.html)

MPs from the River (Potami) party, repeat all the time that Greece must stay in euro at any cost. Recently, River's leader Stavros Theodorakis, stated in an interview to the journalist Nikos Chatzinikolaou, that Greece should stay in euro at any cost because the other choice would be a hell.

The River party is an artificial creation by the banking-media establishment to attract voters from the Left and be used to control or even throw current government from power, if necessary: http://failedevolution.blogspot.gr/2015/04/the-global-financial-mafia-promotes.html

Comments

Operation Mindfuck: The origins of the Illuminati conspiracy fraud and how it became popular in our times

From the new documentary Can 't Get You Out of My Head by Adam Curtis globinfo freexchange The first settlers had come from Europe to America to flee from the corruption of power in the Old World. But although they had got away from the old power, they hadn't got away from their suspicious minds, and alone, out in the vast wilderness of the new America, that led them to imagining dark, hidden conspiracies in their own government, far away in Washington. One of the first of these, in the early 19th century, said that a secret group from Europe, called the Bavarian Illuminati, were running a giant conspiracy in America to destroy the new democracy. In reality, the Illuminati had been a utopian movement who wanted to replace religion with reason. But instead, they now became the first of a series of frightening suspicions that fed off the isolation of the settlers in the New World. One night (in 1958, somewhere in the vicinity of Whittier, Califo...

US Warships Under Fire: Iran Hits Back & Blasts UAE

MintPress News "PROJECT FREEDOM." Trump calls it humanitarian aid. We call it what he already admitted it is: piracy. On Friday, Trump boasted that US forces seizing Iranian ships and oil were "sort of like pirates, but we are not playing games." By Sunday, he had rebranded the blockade as "Project Freedom"—a military escort operation to guide ships through the Strait of Hormuz. Today, that operation went live: 15,000 US troops, guided-missile destroyers, and over 100 aircraft are enforcing American "freedom" at gunpoint. Let's be clear: Washington didn't enter the Strait to defend commerce. It entered to monopolize commerce—to maintain imperial control over the world's oil arteries and strangle Iran's economy. Iran knows this. That's why closing the Strait and establishing its own transit protocols remains its strongest card in the fight for self-determination. When Trump confessed to piracy, he wasn't joking. He was c...

“Russia & China Preparing For War With The US!”

The Jimmy Dore Show Colonel Douglas Macgregor explains that as a result of recent military conflicts, Russia, China, and Iran have become allies, and that Beijing and Moscow have concluded that "if we let Iran fail, we're next on the menu" from what he describes as a "rogue state led by a rogue personality," meaning they will intervene to prevent Iran's collapse if the US threatens it. He tells Jimmy Dore that Putin called Trump for an hour and a half to make it clear that a military campaign in Iran would not succeed and would make the situation much worse, offering to store Iran's enriched uranium as a diplomatic gesture. Macgregor warns that if the US restarts the war, China could send 40 or 50 surface combatants and submarines to the Indian Ocean, and Russia could fly MiG-31s into Iranian airspace — not to provoke a direct confrontation but to "make a point." He concludes that the British Empire overreached and overextended with World War...

How 'Liberal' Media Sold You Mass Murder & Genocide

Secular Talk

Russia & China Now OPENLY Backing Iran!

The Jimmy Dore Show

A response to misinformation on Nicaragua: it was a coup, not a ‘massacre’

There is so much misinformation in mainstream corporate media about recent events in Nicaragua that it is a pity that Mary Ellsberg’s article for Pulse has added to it with a seemingly leftish critique. Ellsberg claims that recent articles, including from this website, often “ paint a picture of the crisis in Nicaragua that is dangerously misleading. ” Unfortunately, her own article does just that. It looks at the situation entirely from the perspective of those opposing Daniel Ortega’s government while whitewashing their malevolent behavior and downplaying the levels of US support they have relied on. Her piece is an incomplete depiction of what is happening on the ground, ignoring many salient facts that have come to light and which have been outdated by recent events. The following is a brief response to Ellsberg’s main points from someone who lives in Nicaragua and has observed the situation directly and intimately: https://grayzoneproject.com/2018/08/15/a-res...

Billionaires are social distancing in super yachts as tens of millions lose jobs

Everyday, it becomes clearer: the COVID-19 pandemic is hitting poor, working, and marginalized communities the hardest. Millions of workers – especially low-wage retail, food service, hospitality, and care workers – have faced the terrible choice daily between going to work and risking their health, or staying home and risking their paychecks. Many other workers don’t even have that choice, with around 30 million people in the US filing for unemployment in the past six weeks. But billionaires don’t face these same problems. As tens of millions have lost their jobs over the past two months, billionaire wealth soared by a whopping $282 billion between March 18 and April 10, according to a new study from the Institute for Policy Studies. And while finding enough space to wait out the pandemic is something many struggle with, billionaires have been escaping to their second (or third, or fourth) homes to ride it out in luxury – all while they position themselves to ...

Οι ιδιώτες 'επενδυτές' ως η μόνη επιλογή για ανάκαμψη: άλλο ένα παραμύθι του νεοφιλελέ κατεστημένου

Άλλη μια 'ιερή αγελάδα' της νεοφιλελεύθερης χούντας που κανείς δεν επιτρέπεται ούτε καν να διανοηθεί να αμφισβητήσει του system failure Το Ελληνικό πείραμα διανύει ήδη τον έβδομο χρόνο του με την οικονομία ρημαγμένη και κανένα σημάδι ανάκαμψης στον ορίζοντα. Εκτός από την απόλυτη αποτυχία των νεοφιλελεύθερων πολιτικών που επιβλήθηκαν στην Ελλάδα από την Τρόικα της καταστροφής, έχει ενδιαφέρον κανείς να εξετάσει και τον τρόπο που τα νεοφιλελεύθερα αφηγήματα έχουν επηρεάσει σε μεγάλο βαθμό την κοινή γνώμη, με αποτέλεσμα να καταλήγουν αναπόσπαστο κομμάτι ενός στρεβλού ορθολογισμού μέσα στις κοινωνίες. Η διαδικασία αυτή γίνεται με όχημα, κυρίως, την προπαγάνδα και την πλύση εγκεφάλου από τα ΜΜΕ και το πολιτικό κατεστημένο. Ένα από τα κεντρικά κλισέ των φερέφωνων του νεοφιλελευθερισμού στην Ελλάδα και αλλού αφορά την απόλυτη αναγκαιότητα των ιδιωτών 'επενδυτών' για την ανάκαμψη της οικονομίας. Τα ιδιωτικά κυρίαρχα μίντια και το πολιτικό κατεστημένο κατ...

From Moscow to Beijing: Eye on good neighbors with deep people-to-people ties

CGTN Russian President Vladimir Putin has wrapped up his state visit to China. The bilateral meeting in Beijing has led to the extension of the 25-year-long Treaty of Good-Neighborliness and Friendly Cooperation, with high political mutual trust the backbone. Meanwhile, China and Russia issued a joint statement on promoting a multipolar world and a new type of international relations. What does the China-Russia relationship seriously mean to the two countries and to the world?

Iran’s Secret Weapon: The Undersea Cables That Could Shake the Global Economy

GVS Deep Dive Iran’s pressure over the Strait of Hormuz may no longer be limited to oil tankers, naval routes, and energy prices. New reports suggest Tehran is considering control over undersea internet cables passing through Hormuz, potentially requiring permits, fees, Iranian law, and Iranian companies for repair and maintenance. This video breaks down why the Strait of Hormuz is not only an oil chokepoint, but also a digital chokepoint connecting Europe, the Gulf, and Asia. Beneath the waters that carry global energy flows are fiber-optic cables carrying banking data, cloud services, AI traffic, telecom networks, financial messaging, and e-commerce. If Iran turns Hormuz into a digital leverage point, the consequences could reach far beyond the Gulf.

the unbalanced evolution of homo sapiens

Search This Blog