Sunday, 5 July 2015


Greferendum Results In Landslide NO vote.

Wolfgang Münchau, in the Financial Times, says that Greece is right to say NO.

According to Munchau:

1. If Greece defaults on its 'official-sector' debt, France and Germany will lose €160 billion.

2. If Greece had said YES, Greece would have suffered a drop in GDP of 12.6 % over four years.

AND, the Greek debt-to-GDP ratio would approach 200 %.

3. By voting NO, Greece can get get rid of certain 'lunatic' fiscal adjustments. 

4. Three quarters of Greece's GDP is domestic. 

The other quarter is mainly tourism, which would gain from devaluation.

5. With a NO vote, after the initial chaos subsides the economy should recover quickly.


"IMF director Paulo Batista says 90% of the Greek bailout funds went directly to German and French banks, not to Athens."

IMF's Director Batista: Greek bailout was “to save German banks....


FTSE 100 6,564 -0.33%
S&P 500 2,0577 -0.03%
Nikkei 225 20,112 -2.08%
Gold Spot $1,164 +0.07%


Now What? Relentless Troika Fearmongering. Bailout Negotiations to Resume?


The following is from:

Greece — The One Biggest Lie You Are Being Told By The Media.

"In summary, the banks wrecked the Greek government, and then deliberately pushed it into unsustainable debt … while revenue-generating public assets were sold off to oligarchs and international corporations... 

Stage 1: The first and foremost reason that Greece got into trouble was the “Great Financial Crisis” of 2008 that was the brainchild of Wall Street and international bankers. 

If you remember, banks came up with an awesome idea of giving subprime mortgages to anyone who can fog a mirror. They then packaged up all these ticking financial bombs and sold them as “mortgage-backed securities” for a huge profit to various financial entities in countries around the world.

A big enabler of this criminal activity was another branch of the banking system, the group of rating agencies – S&P, Fitch and Moody’s – who gave stellar ratings to these destined-to-fail financial products

Unscrupulous politicians such as Tony Blair joined Goldman Sachs and peddled these dangerous securities to pension funds and municipalities and countries around Europe. Banks and Wall Street gurus made hundreds of billions of dollars in this scheme...

Stage 2 is when the financial time bombs exploded. Commercial and investment banks around the world started collapsing in a matter of weeks. 

Governments at local and regional level saw their investments and assets evaporate. Chaos everywhere!

Vultures like Goldman Sachs and other big banks profited enormously in three ways: one, they could buy other banks such as Lehman brothers and Washington Mutual for pennies on the dollar. 

Second, more heinously, Goldman Sachs and insiders such as John Paulson (who recently donated $400 million to Harvard) had made bets that these securities would blow up

Paulson made billions, and the media celebrated his acumen. (For an analogy, imagine the terrorists betting on 9/11 and profiting from it.) 

Third, to scrub salt in the wound, the big banks demanded a bailout from the very citizens whose lives the bankers had ruined! Bankers have chutzpah. 

In the U.S., they got hundreds of billions of dollars from the taxpayers and trillions from the Federal Reserve Bank which is nothing but a front group for the bankers.

In Greece, the domestic banks got more than $30 billion of bailout from the Greek people. Let that sink in for a moment - the supposedly irresponsible Greek government had to bail out the hardcore capitalist bankers.


Stage 3 is when the banks force the government to accept massive debts. 

For a biology metaphor, consider a virus or a bacteria. All of them have unique strategies to weaken the immune system of the host. 

One of the proven techniques used by the parasitic international bankers is to downgrade the bonds of a country. 

And that’s exactly what the bankers did, starting at the end of 2009. 

This immediately makes the interest rates (“yields”) on the bonds go up, making it more and more expensive for the country to borrow money or even just roll over the existing bonds.

From 2009 to mid 2010, the yields on 10-year Greek bonds almost tripled! This cruel financial assault brought the Greek government to its knees, and the banksters won their first debt deal of a whopping 110 billion Euros.

The banks also control the politics of nations. 

In 2011, when the Greek prime minister refused to accept a second massive bailout, the banks forced him out of the office and immediately replaced him with the Vice President of ECB (European Central Bank)! No elections needed. Screw democracy. 

And what would this new guy do? Sign on the dotted line of every paperwork that the bankers bring in.

(By the way, the very next day, the exact same thing happened in Italy where the Prime Minister resigned, only to be replaced by a banker/economist puppet. Ten days later, Spain had a premature election where a “technocrat” banker puppet won the election).

The puppet masters had the best month ever in November 2011.

Few months later, in 2012, the exact bond market manipulation was used when the banksters turned up the Greek bonds’ yields to 50%!!! 

This financial terrorism immediately had the desired effect: The Greek parliament agreed to a second massive bailout, even larger than the first one.

Now, here is another fact that most people don’t understand. The loans are not just simple loans like you would get from a credit card or a bank. These loans come with very special strings attached that demand privatization of a country’s assets

If you have seen Godfather III, you would remember Hyman Roth, the investor who was carving up Cuba among his friends. Replace Hyman Roth with Goldman Sachs or IMF (International Monetary Fund) or ECB, and you get the picture.

Stage 4: Now, the rape and humiliation of a nation begin. For the debt that was forced upon them, Greece had to sell many of its profitable assets to oligarchs and international corporations. And privatizations are ruthless, involving everything and anything that is profitable. 

In Greece, privatization included water, electricity, post offices, airport services, national banks, telecommunication, port authorities (which is huge in a country that is a world leader in shipping) etc.

In addition to that, the banker tyrants also get to dictate every single line item in the government’s budget. Want to cut military spending? NO! Want to raise tax on the oligarchs or big corporations? NO! Such micro-management is non-existent in any other creditor-debtor relationship.

So what happens after privatization and despotism under bankers? Of course, the government’s revenue goes down and the debt increases further. 

How do you “fix” that? Of course, cut spending! Lay off public workers, cut minimum wage, cut pensions (same as our social security), cut public services, and raise taxes on things that would affect the 99% but not the 1%. 

For example, pension has been cut in half and sales tax increase to more than 20%. All these measures have resulted in Greece going through a financial calamity that is worse than the Great Depression of the U.S. in the 1930s.

Of course, the ever-manipulative bankers demand immediate privatization of all media which means that the country now gets photogenic TV anchors who spew propaganda every day and tell the people that crooked and greedy banksters are saviors; and slavery under austerity is so much better than the alternative.

If every Greek person had known the truth about austerity, they wouldn’t have fallen for this. Same goes for Spain, Italy, Portugal, Ireland and other countries going through austerity.

The sad aspect of all this is that these are not unique strategies. 

Since World War II, these predatory practices have been used countless times by the IMF and the World Bank in Latin America, Asia, and Africa.

This is the essence of the New World Order - a world owned by a handful of corporations and banks."

More here: Greece — The One Biggest Lie You Are Being Told By The Media.

Aangirfan's pageviews dropped dramatically when we wrote certain things about Sousse.


  1. Hi Ang..

    They only lose on the balance sheet...the banking system creates money from thin air as digits in a computer (97%) or paper (3%) when creating a loan. Banks are all privately owned.. if not i want my share please...
    Money should be created debt and interest free to the benefit of the people.. not the private banks.... means no national debt and no need for austerity.
    Loans and mortgages at face value plus arrangement fee.. what a difference it would make to people.

    bob edinburgh

  2. I owe this to anonymous who posted on another Aangifran post a global research link. But at the bottom of this link was this very scary video.

    Everyone here should watch this video: John Perkins, Confessions of an Economic Hit Man. But it is much more than that, this has to be the most concise video I have ever seen showing how the one percent rule and how facist and cruel they are. It left me shaking as I saw how ruthless they can be and the mass murder they are capable of.

    None of us are safe. The only way I can speak explain it is that the corporations are run by psychopaths. And they don’t care how much they ruin the planet either, or the future of our world, or our children’s future. This is inhumane greed off the planet.

  3. How Greece Has Fallen Victim To "Economic Hit Men"

    "Greece is being 'hit', there's no doubt about it," exclaims John Perkins, author of Confessions of an Economic Hit Man, noting that "[Indebted countries] become servants to what I call the corporatocracy ... today we have a global empire, and it's not an American empire. It's not a national empire... It's a corporate empire, and the big corporations rule."


  4. The UK was shafted by the IMF ( International Mafia Fund ) in 1975 / 1976 then Chancellor Dennis Healey was a member of the CIA/OSS sponsored Bilderberg crime syndicate. Evil Traitor and servant of Israel Thatcher and her cabinet of nonces then followed up with privatisation wrecking our industry. John Major Iraq war profiteer ( Carlyle group ) followed up with GATT
    leading to the predictable mass exodus of manufacturing jobs.

    At a press conference held at the Treasury on December 15 1976, the chancellor of the exchequer, Denis Healey, seemed to be sharing the nation’s anguish. He had just announced a package of swingeing public spending cuts in an emergency mini-budget. The headline in The Sun the next day was “Britain’s Shame”.

    That autumn had seen a collapse of confidence in sterling. On September 28, Healey, due to fly out to a finance ministers’ conference in Hong Kong, had to abandon his trip at Heathrow because the markets were so nervous, go back to the Treasury and apply to the International Monetary Fund for a loan. From October to December the government negotiated tensely with the IMF, which demanded £2.5bn cuts in government spending in return for a $3.9bn loan.

  5. With regard to the drop in your page hits;go to,or better still & someqhere on his page you can read just how this is being manipulated.