Greece now threatens to appeal the abuse of the Troika by taking court action to block a Grexit, or really a Greek expulsion or takeover of Greece by the Troika. European leaders have sold their own peoples’ rights to the highest bidder in Brussels and warn in concert that a “No” vote on Sunday means that Greece will be pushed out of the euro.
It would be the GREATEST of all achievements if Greece just got the hell out of this insane sinking ship. The rest of Europe ignored the protests in Cyprus. They are making the very same mistake again by blaming Greece rather than the unsound construction of the euro by people who have no clue what currency truly is. This is now simply about maintaining centralized power at the expense of any democratic policy.
What Hitler could not accomplish by force of arms, Brussels is doing by making decrees.
The EU leaders are now working to rig the elections to make it appear that the Greek people are overthrowing their own government. God help Greece. The Troika will destroy the Greek economy; we will likely see civil war emerge in Greece, for the majority of the people really do want to preserve their own dignity as a nation.
Trying to fight the Troika in their own court is a futile exercise for there is no legal foundation that ensures a true interpretation of the law.
What a pity that the only things the Greek people have to fight with is their voices, bodies and protest signs. It’s unfortunate for them that they are unarmed, except for a few registered shotguns with birdshot.
What are they going to do? Throw cobblestones? Yeah, that’ll show those evil banksters!
What will end up happening is the Greeks will be reduced to abject poverty, and their nation used as an assembly point for millions more African and Middle Eastern ‘undocumented aliens’ to gather before they pour across the border into the rest of Europe.
The New World Order, One Worlders, The UN, The EU, The BIS, The IMF,and The International Banking Cartel, but I am repeating myself, will own Greece and it’s people will be slaves.
“The Fallacy of Trying to Fight the Troika in Their Own Courts”
EXACTLY. This is the same point I’ve been trying to make ever since I heard that Chris Hedges was going to sue Obama for the unconstitutionality of the Patriot Act because I understood that you CANNOT seek help from an out of control legal system in order to reign-in an out of control legal system. Even though Chris WON the first round, I KNEW that Obama would win on appeal ..as he eventually DID.
No, my friends, the ONLY change that will ever come to Amerika will have to be IMPOSED BY FORCE. From either without (Russia, China) or within (revolution).
Goldman Sachs Doesn’t Have Clean Hands in Greece Crisis
By Pam Martens and Russ Martens
June 30, 2015
Are Goldman Sachs executives Lloyd Blankfein, Gary Cohn and Addy Loudiadis losing any sleep over elderly pensioners waiting outside shuttered banks in Greece, desperately trying to obtain their pension checks to pay their rent and buy food? Are these Goldman honchos feeling a small pang of conscience over the humiliation by creditors of this once proud country?
Perhaps Blankfein, who famously espoused that he’s “doing God’s work” might shed a tear or two for the small child clinging to her elderly Grandmother’s hand as she searches in Athens for an ATM that will give her $66 from her bank account – the maximum allowed per day under the newly imposed capital controls.
According to investigative reports that appeared in Der Spiegel, the New York Times, BBC, and Bloomberg News from 2010 through 2012, Blankfein, now Goldman Sachs CEO, Cohn, now President and COO, and Loudiadis, a Managing Director, all played a role in structuring complex derivative deals with Greece which accomplished two things: they allowed Greece to hide the true extent of its debt and they ended up almost doubling the amount of debt Greece owed under the dubious derivative deals.
A February 2012 BBC documentary on the Goldman Sachs deal provides a layman’s view of the dirty underbelly of the deal, calling it “a toxic import” from America that is “hastening” the downfall of Greece…
For the unschooled to the ways of Wall Street, one might jump to the conclusion that Greece and its finance officials were knowing participants in the deal. That would be a reasonable assumption were it not for counties and cities and school districts across America that were similarly fleeced and hoodwinked by investment banks on Wall Street.
In March 2010, the Service Employees International Union (SEIU) released a study showing that from 2006 through early 2008, Wall Street banks are estimated to have collected as much as $28 billion in termination fees from state and local governments who were desperate to exit abusive derivative deals. That amount does not include the ongoing outsized interest payments that were, and still are being paid in some cases. Experts believe that billions of these abusive derivative deals may still remain unacknowledged by embarrassed municipalities.
Back in 2010 when German Chancellor Angela Merkel first heard of these derivative deals to hide sovereign debt among European Union partners, she had this to say: “It’s a scandal if it turned out that the same banks that brought us to the brink of the abyss helped to fake the statistics.”
Well, that’s exactly what happened…
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