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How Germany is Squeezing Greece Using Banking Fraud

The Fed has bailed out Europe. Here is a simple explanation on what is happening with Greece. And how Greece defaulting will break the house of cards. That is why they are keeping everything afloat by channelling all the losses to the public while gains are being privatized.

http://youtu.be/V5z0rQRdsiE



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Right but the act of

Right but the act of austerity means for the government to cut back on spending which by definition should lower on taxes. My point wasn't about what is actually going on in Greece now but more about what the video says. The video says "we know austerity won't work". That prompted me to cite Ron Paul's example of the end of WWII to show that austerity can work and is the only viable option now for Greece. No magic paper Fed bailout will save any country. Greece needs a shot in the arm of Austrian Economics.

No idea, the video is filled

No idea, the video is filled with Keynesian "logic". Definitely not of the Austrian School or Ron Paul's opinion.

Living Not Surviving


-IN PURSUIT OF LIBERTY-

Greece can solve its financial problems by suing for copyright

Greece can solve its financial problems by suing* THE WHOLE WORLD for copyright infringement -- that is, for adopting the vast cultural heritage of the Greeks in return for nothing.

Turn the tables on the copyright dictators by charging fees for every building with Doric, Ionic, or Corinthian columns and frescoes, every linguistic group that borrowed (stole) words with greek roots, fine every library containing copies of Aristotle and Plato, every republic that is a republic, every activist organisation that claims to uphold democracy.

They can just settle for 400 billion Euros with no claim of wrongdoing by the defendants (the rest of Planet Earth).

*For all sourpuss libertarian purists, this post is a joke.

"Cowards & idiots can come along for the ride but they gotta sit in the back seat!"

Expose the Fed

I enjoyed all the sketches with the explanation, What I'd really love to see... this done EXPOSING THE FED, and how the
central bank idea is robbing Americans.
Now, That should be an eye opener for the average American.

Let's get something straight...

The Greeks are in trouble because of Greece not Germany... Whoever was dumb enough to lend them money should take a loss on it... Te Germans should be booting the Greeks out of the Euro... The currency would be a lot stronger... The Greek would have to go back to the drachma... So it's Germany that is doing the Greeks a favor.. They should kick them out... The Euro would go up a lot more in te long run...

Germany loaned them money..

Deutsche Bank and Commerzbank, Landesbank...

They will ultimately own the debt by default and it will be hard for them to disconnect. When they don't get paid, they will take the assets.

The Greeks will be left with very little in the end.

"One resists the invasion of armies; one does not resist the invasion of ideas" Victor Hugo

And of everything the Greeks

And of everything the Greeks had to begin with, how much of it was rightfully theirs, and not given to them in a roundabout way by international subsidies?

EU funding

Countries that were poor before the Euro got massive subsidies. I agree, whatever they "gained" from it is gone.

But now they will lose a lot of what they had when they were a country of savers. Greece had a high savings rate before the Euro.

So they lose the freebies plus a lot more. That's a hangover that no remedy can cure. No free lunch.

"One resists the invasion of armies; one does not resist the invasion of ideas" Victor Hugo

Tell the banks to take a hike.

The Icelanders told their government to tell the City of London banks to go pound salt. Iceland defaulted. The banks had to eat the loses. The Icelandic economy is in recovery now.
The Greek government should default. It will have to stop deficit spending, but that is the best thing in the world for the Greek economy.
Willard is wrong when he said cutting government spending will slow the U.S. economy. If government deficits contributed to economic growth, the U.S. would have full employment and a rising standard of living. Three years of bailouts and "stimulus" has only resulted in more debt, an extended recession and continued unemployment.
Default - the wiping out of the government debt - is Greece's only answer.

[F]orce can only settle questions of power, not of right. - Clyde N. Wilson

YES

YES, YES... Iceland holds the key. They must be listening to the Good Dr. !!! He said we should write off our debt to the Fed. It came out of thin air in the first place !!

Thanks for posting

"One resists the invasion of armies; one does not resist the invasion of ideas" Victor Hugo

And don't forget how much the U.S. contributes to Greece...

...through our contributions to the IMF.

Last bailout of Greece a couple years ago, the U.S. portion was 8 Billion of the 140 Billion Greece got.

Now a mere few years later they are back at the trough.

And you can bet they will be there again and again until the house of cards finally falls.

This is EXACTLY why several countries did NOT join the Euro zone. Mainly England and Switzerland.

They were smart enough to remain independent of the crash that is coming when you try to socialize monetary policy and have one currency.

This should be a good lesson for all the New World Order advocates who want to break down the borders and sovereignty of nations.

Unfortunately for us, we are already very involved in this mess through the Federal Reserve, IMF and World Bank.

But the American sheeples are mostly blind to it.

"We have allowed our nation to be over-taxed, over-regulated, and overrun by bureaucrats. The founders would be ashamed of us for what we are putting up with."
-Ron Paul

The comments

that suggest the Greeks are at fault is akin to suggesting the American people are at fault for our Federal Reserve scheme. Did people who couldn't afford it take advantage of easy money, sure. That was the plan of the banking cartels from the beginning. They manufacture a crisis that forces more and more assets/power into their hands. The Euro farce was designed using the Federal Reserve system as its basis, and what is happening in there is the exact same thing that is happening in the states. Print money, and give it to the banks for free (1% in this case, 0% in the Feds case). The banks then 'loan' the money to the gov't, at a massive profit. Taxpayers then pay interest on these loans, and lose value in our currency through the inflation caused by the printing of money.
Granted the Greeks are a much less productive part of the Eurozone than Germany. This only served to make them an easy first target for the ECB. This is the NWO in action.

Citizens are part of the problem

I agree with everything you say, except one. The Greek people are part of the problem too. They have continued to vote in the government bureaucrats who promised them the easy life and government welfare. If the citizens of Greece had done their homework, they would have known that excessive borrowing to pay for government debt to fund generous government programs was not sustainable.

The same is true for the US. If the citizens of this country do not wake up and realize that we cannot continue this course of excessive government spending, we will all be complicit in the inevitable currency collapse. Yes the FED is one of the corrupt organizations driving the process, but it is up to us to become educated and reign the FED in through directing our government to stop them.

We are in charge. We are not the helpless victims of the FED.

http://riseforliberty.com/ For May 17 Money Bomb!

This is true

I definitely understated the role that the Greek and also German citizens are playing in this charade. Like you said, our citizens are allowing the exact same thing.

Exactly. Those who will not

Exactly. Those who will not stand up and abolish the Fed will get the worthless paper they deserve.

Deutschland

I have read that every eu country has a trade deficit with the cabbage eaters ;)

This is just their way of keeping the others in line?

donvino

Prediction

Germany will own the EU. There is no other economy that can guarantee the loans.

Where is US Europe Command located? Stuttgart, Germany. http://www.eucom.mil/forms/contact-us

What is this costing us? What happens when it unravels?

"One resists the invasion of armies; one does not resist the invasion of ideas" Victor Hugo

"punk" economics is the right term

the presentation is well done but do not be fooled; germany is not the bad guy for giving money to greece - stupid? yes. bad? no.

the greek people are not suffering because their country receives billions and billions of credit (rather foreign aid because it will not be paid back) from germany and other european countries. this is absurd.

they are 'suffering' because the government cannot keep on handing out free stuff anymore. the greek governments were reckless in the past (along with a majority of greek voters who demanded such recklessness) and subsidized everyone and everything. at the same time the motivation to pay taxes or enforce such payment is below average to put it mildly. the combination of those two means the government is bankrupt.

greeks are complaining because the government entitlements and subsidies have dried up. if the greek population would shift to productive work and away from entitlements and government jobs they could pull themselves out of the troubles. unfortunately, their mind set is not helpful at this.

but blaiming the creditors who will be losing a good chunk of their investments is just so wrong. i honestly would not have expected this from a ron paul supporter. the whole video reminds me a lot of the "story of stuff".

furthermore, there are misrepresentations in the video: the euro was originally planned as a hard currency - very much like the german mark and has been changed into a soft currency like the us dollar (without the reserve status) due to legal changes and executive orders since may 2010. not the other way round.

World War III is a-coming!

Yeah but we have to make Germany look like the bad guy here. Poor little Greece is being taken advantage of by those rotten Germans. The Krauts are up to their same old tricks again, trying to take over the world, only this time economically, so we gotta send the troops in and pound em again!

And why not? Germany has the world's only sustainable economy, and is poised to put Europe under a sustainable honest currency. That's a huge danger to the crooks in Washington and their dollar hegemony.

You know what we do to countries who try to dump our dollars, right?

Really?

The way I heard it, Greece is in trouble because they irresponsibly spent more money than they could repay. The fact that Germany is trying to insulate themselves from Greek threats of delinquency seems fair and reasonable.

The real message for us in the United States is that we should impose austerity on ourselves as quickly as possible, else we'll end up like Greece.

Yep...

And Greece is still doin' it!

http://www.zerohedge.com/news/and-what-greece-spends-its-bai...

When a true genius appears in the world, you may know him by this sign: that the dunces are all in confederacy against him. ~J. Swift