As usual the mainstream media in Greece has not missed the opportunity to denigrate and belittle the Greek people in the face of the rulers of the universe that are “The Troika”
Ekathimerini carries the headline “Greece braces for troika visit”, it’s a catchy headline, as a consolation they paper did then clarify this headline saying
“As government officials brace for an extremely tough week of talks”
It’s a small point, but the constant message from the Greek newspapers that Greeks should bow down to the bankers gets old.
That was then end of the clarification in this article and the next paragraph was back to business as usual
Papademos rebuffed rumors about an impending Greek default, insisting that an exit from the eurozone and a possible return to the drachma “is really not an option.”
The constant message being pummeled into the face of Greeks, that default and the Drachma are directly connected which of course they are not. As I have said before, the default and the currency are completely different issues and Angela Merkel agrees.
To say they are connected is simply government propaganda to force through unfair measures with the threat of sending the country back 50 years.
As I have said before, whenever a poltician comes and threatens me, I automatically think he his not acting in my best interests.
Later in the artilce, Papademos spells out exactly what the plan is for Greece
In his interview with CNBC, Papademos also stressed the need for wage reforms. “What you have to do is to improve competitiveness, which partly depends on wage moderation, an internal devaluation and a reduction of prices and wages,” the premier said.
This is a return to the Drachma in everything but name.
The international bankers want the control they get over countries with a single currency but they also want to be able to manage the economies of each country separately. In the case of Greece, the bankers are going for an internal devaluation.
What does an internal devaluation in Greece mean?
Skyrocketing fuel costs and skyrocketing costs of every commodity that Greece imports.
Greeks will be poorer than their European counterparts despite having the same currency.
How will the central bank in Greece and the Draghi at the ECB manage this?
It is very simple, they control the supply of the currency, as they have always done.
There was the initial boost to get every Greek on board with the Euro. The banks were flooding the Greek economy with cash which gave the Greeks a false sense of prosperity and brainwashed the entire population into thinking the Euro would actually make a difference to the Greek economy. Which of course it could not.
The only thing a single currency could do for Greece is allow its government to get massively into debt and then for the democratic process to be taken out of the austerity measures by lumping Greeks with the responsibility of “keeping the Euro together”.
It is so simple for Greece to have a strong currency. The country simply has to have a balanced trade account with the rest of the World. That is it. If Greece can do that it has the ability to be completely independent of the foreign banks.
The talk of reforms in Greece are a smoke screen. For sure there needs to be reforms but that is simply a distraction from what is really going on, which Papademos has spelt out. An internal devaluation.
A Greek government default would make it extremely easy to make the required reforms because the government simply will not have the money to pay their people.
The Papademos regime has now told the Greeks what the plan is and that is to make Greeks much poorer than they were before.
How can the Greeks get out of this situation and restore some democracy to the country?
A complete government default along with abolition of the Greek central bank must be the first step.
A government default on its own would still leave the Greek central bank in charge of the currency and in turn, in control of the country.
Currently the Greek central bank can make Greeks richer or poorer on a whim. The Greek central bank has god like powers over the Greek people. Until this power is taken away the Greek people will never be truly free.
A government default will immediately force the Greek government to spend within its means, as at least in the short-term, the government will not be able to borrow money at reasonable rates in the open market.
Of course the big danger is that the Greek government, even after a default, simply increases taxes to try to make up the tax revenue shortfall and therefore completely implode the country. I do not underestimate the vindictiveness and/or stupidity of desperate bankers and politicians.
This is a very real danger, can the Greek politicians be trusted to represent the interests of the Greek people and not their own interests? If not then their power has to be stripped away and that means stripping the Greek central government of the power to tax the people directly with the Greek city states taking over the taxation of the people.
Why is taxation by the Greek city states superior to taxation by central government?
In a word, competition. City states inside Greece will be competing with each other for business and tax payers. A single city-state could not impose draconian taxes and expect people to stay.
Of course there is a possibility that the city states could work in a cartel. There is no way of eliminating the possibility of cartel behaviour entirely, short of all taxes being voluntary, so the city states should be made as small as possible so the power is in the hands of as many people as possible.
All rule and regulations also have to be taken from the hands of central government and devolved into these small city states. Competition between the states will ensure low taxes and low regulation in businesses.
In summary
The Papademos regime has openly said their goal is to make the Greek people poorer. The only way the Greek can take back control of their own country is to stop the greek central bank from having the monopoly on the production of the currency and to devolve the currently centralised political power to small city states.
Without these 2 things happening Greece will continue to be a dependant of the central banking cartel and in doing so, be easily manipulated by the same banking cartel.
More Stories
Why Greeks Want The Bailouts To Stop
Banking Panics/Bank Runs – Government Created?
Banks – Have Governments Forgotten Their Purpose?