Greece

Bill Mitchell commented here about the third Greece Bailout

In response to Bill's comment a poster named "ikonclast" said:

When conditions become intolerable for the masses they rise in revolution. This is the lesson of history. It is also the lesson of the contemporary world as witnessed recently in Tunisia, Egypt, Libya, Yemen, Oman and Syria. Do the troika not understand the dangers of spreading this instability to the northern shores of the Mediterranean? Realpolitik and self-interest should dictate avoidance of this trend by the core states of the EU even if humanitarian considerations do not sway them.

The writing is on the wall as to where Greece is headed.  All reason dictates that it should not happen.

Reason, general self interest and the greater good will lose on the present course.

Who benefits??  Someone with narrow self interest.  .1 percent of the general self interest. 

The writing was on the wall saying where we were headed with Iraq.

Who benefited?

Follow the money.  It leads to 1% or .1%.  By their self incriminating isolation to this small number we will know them.  They will hide but their rarity and rewards in the power of money or political ideology as a result of the crises will expose them and those behind them.

Many are killed in war.  A few make a killing.

Crises Capitalism?  Crises Politics?  Never let a good crises go to waste.

With so many standing to lose in a default why are things headed to the crises that seems to be inevitable.

They are headed to crises because somebody will benefit greatly.

It is all about power.  Money or Politics.  What other power do the few have over the many besides perversions of religion to serve those in control?

What is the essence of the power?  To be the supreme authority in control?

Fear?  Hate?

Might this crises be turned around to serve the betterment of all?

I hope the answer is at least the probability of a toss of the coin.

The future will depend on where Greece falls.

This New York Times piece from December,  "U.S. Firms See Opportunities in Europe's Woes" looks at how American banks are snatching up customers, real estate and other assets overseas.

Do we see some relations to what happened in the mortgage market crises?  Risk shifted to the public.  Public assets shifted to private hands in order to settle the risk assumed and debt imposed on the public.  Opportunity to buy cheap and rent back.  Buy public assets, rent them back for cash flow.  Get people to sell their family dishes and rent them back to them for whatever they can pay.  Otherwise they eat off the gutter.  Move assets from the many to the few?

Own or Occupy.  Own or Rent.  Raising debt means less ownership, more occupation.  That is the trend.  Does a person paying off a mortgage own their home or only occupy it until the debt is paid.  Does that make debt look more like eternal rent?

We do not even own our own money, nor does any other nation.  It is all created out of nothing by the banks.  We just rent it.  It occupies our pocket while it is owned by the bank.

The Occupy movement should change its movement name to Own.

We once made a bold statement that we own ourselves and what is ours by right.

The sovereign right to money creation is ours, it says so in the Constitution.  That right that was granted to the Banksters.  We must recind that right and reserve it for ourselves.

The debt money system is doomed.  Real money and the abolishment of fractional reserve lending is the answer to the crises.

Does that sound revolutionary?

Who would benefit most from that?  Who would benefit the least?

Banksters are too big to fail.  Nationally.  Globally. They mean that we cannot live without them.  Therefore we pay.  Not for their losses as risk shifting and loss to the public ledger but more accurately the shifting of freedom to slavery.

Good reading:  "Greek Debt Accord Hostage to Political Passions"