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Greece’s new Finance Minister is a highly intelligent person. His likes are not to be found in any Western government. As he stands in the way of those who are determined to complete their looting of Greece, the Western looters are out to get him.
The BBC, as the interview in the link below demonstrates, was sicced on him. Much more is to come. Moreover, if the new Greek government is able to stand its ground and to prevent the continuation of the horrific looting of the Greek people, assassination of its leading members is not unlikely. Washington will not permit any independent governments to arise in Europe. If a Greek government succeeds in standing up for the Greek people and actually representing them, the idea might spread to Italy, Spain, Portugal, and Ireland, and then into Eastern Europe. Washington’s control over Europe would unravel.
The BBC presstitute substituted a deposition for an interview. She reeked with hostility toward the minister, an indication of the fury that foreign financial institutions and their vassal governments feel toward the new Greek government. As I wrote the other day, if western elites hate something more than they hate democracy and truth, it is accountability for themselves. You can bet your life that presstitutes like the BBC will do the elite’s hatchet work on the new Greek government just as they do on the Russian government, the Chinese government, and the Iranian government, and just as they did on the Serbian, Iraqi, Libyan, and Syrian governments and on the Taliban.
Here are some good links to Varoufakis explaining his ideas, both from the Juggling Dynamite blog:
Varoufakis: Bankers are the lazy grasshoppers, not debt-enslaved Greeks
The Global Minotaur: The Crash of 2008 and the Euro-Zone Crisis in Historical Perspective
Greeks need to stop being deadbeats – pay what you owe, and learn to live within your means. Being lazy is one thing, not paying your bills is even worse. If they think ‘austerity’ is bad,..wait until they’re standing in lines for their communist bread ration.
quelle horreur! European taxpayers and their government representatives want Greeks to pay back the hundreds of billions of dollars the Greeks lied to get in the first place. (Mr. Roberts may have forgotten that the Greek economist who discovered the lies was jailed by the Greeks as a consequence. He took seriously the Greek promise that they wanted him to deliver an honest report. What a fool!)
The Greeks are lazy, lying, deadbeat thieves who expect the world to support and sustain their unsustainable political and economic racket. When something can’t go on; it won’t go on. Greece is about to discover the truth of that old saw. For the sake of the Greek nation I hope it will be a learning experience. The country would have been better off leaving the Colonels in power. At least right-wing authoritarian regimes tend to have some dim grasp of economic reality.
Good one. In this interview he acts just like any other average politician. Avoiding clear answers (& providing a lot of blabla) where he gets away with it. & when the interviewer tries not to let him get away, PCR smells hostility. Had the journalist interviewed – let’s say – Schäuble in the same way, PCR would have complained about BBC complacency.
The Greeks will not seek Russian aid and they’re not leaving the Eurozone either:
http://uk.reuters.com/article/2015/02/02/uk-greece-politics-russia-aid-idUKKBN0L60WM20150202
With oil prices falling and the Russian economy collapsing, Russia has no aid to give. And as bad an idea as entering the Eurozone was, leaving it in a disorderly fashion would create an economic disaster, quite possibly a global one.
“Americans need to stop being deadbeats – pay what you owe, and learn to live within your means. Being lazy is one thing, not paying your bills is even worse. If they think ‘austerity’ is bad,..wait until they’re standing in lines for their crony capitalists’ bread ration (as if).”
Ha ha ha, good response to the patriotard.
Paul Craig Roberts – the most honest man in Amerika .. and a modern-day Jeremiah!
Oh please.
The Greeks–like were not “looted” by anyone. They had a party–as did a bunch of eurozone nations–when the euro came in, based essentially on living large on cheap debt using the German’s credit rating rather than their own.
The Greeks have a bloated public sector, with generous early retirement, while being a nation of tax avoiders and cheats. (And i’m all for not paying big taxes, but the corollary is not not having a bloated super-state.) They can’t even balance their books *without* the debt payments. And the bankers invested in Greek debt aren’t making a killing they are taking a haircut, even with bailouts from the German taxpayers.
The Greek story is a simple one–it’s the same one we had in the US with the credit-for-everyone! minority mortgage meltdown:
Not everyone has the same productive capability. Not everyone deserves the same credit.
Now, i’m all for the Greeks giving the finger to the bankers. But the way to do that is leave the euro and flip back–including all the debts–to a new drachma. Which will, of course, devalue *sharply*. Greeks will no longer be able to cheaply buy the world’s goods at a price based on the German production\credit. Then they’ll have to both slim down their government to what they can actually afford, while running an inflationary monetary policy. Long term, they’ll have to get off their asses, work harder and *produce* as much as they consume.
It’s called being a nation and being responsible for yourself.
But so far all we see from them is whining and finger pointing … it has to be someone else’s fault.
Quite right. But you are not mocking “Al Wyse” (#2)’s point you’re making it!
There is no free lunch. Nations must, longterm, produce what they consume. The US should slim down it’s incredibly bloated public sector, cut off mass immigration, slap on a financial trading tax, perhaps a tariff (or some sort of balance of payments system) and get out financial casino and back into the business of producing.
The big–and super important–difference between Greece and America is that America is in debt in it’s *own* currency.
Our debts and debt payments are based on *our* credit, we weren’t hijacking the German’s credit while running up our debts. And as a result, we can always pay those debts–if we choose–by firing up the printing presses and inflating our way out. Unwise to overdo, but possible.
The Greeks were running up their debts … based on someone else’s (the “Eurozone”, the German’s) perceived credit worthiness and political commitment to the European\Euro project.
The difference is the same core message that applies to people and nations:
Stand on your own two feet.