Financial predators entrap small/weak nations into unrepayable debt peonage like Greece, bleed them dry, and thirdworldize developed ones into dystopian backwaters – while they grow richer and more powerful than ever ahead of the whole corrupt system going bust, decimating billions worldwide in greater human misery than already.
For Greece, leaving the EU may be perilous; but it opens provocative possibilities. The government could nationalize its insolvent banks along with its central bank, and start generating the credit the country desperately needs to get back on its feet. If it chose, it could do this while still using the euro, just as Ecuador uses the US dollar without being part of the US.
Europeans who have been completely misled about the Greek crisis, and who are shielded from its consequences, are willing to endorse their governments’ cruelty toward Greeks. German officials have openly boasted about how well protected its economy is against collapse in Greece – not an empty boast given the reality of the past several years. People who believe in democracy assume that it gives voters the most influence on decisions that impact them the most. That is why nobody would endorse the citizens of Athens electing the mayor of Berlin and contemptuously disregarding what Berliners think. Anyone who claims that Germany and its allies are acting with democratic legitimacy in Greece are endorsing that kind of nonsense.
Clooney’s new organization, “The Sentry,” is part of The Enough Project, which is part of the Center for American Progress, which is a leading backer of “humanitarian” wars, and various other wars for that matter — and which is funded by the world’s top war profiteer, Lockheed Martin, and by number-two Boeing, among other war profiteers.
Chris Black concludes that a “court would also have to consider whether the contract was ever valid in the first place; that is – did both sides get real consideration for their part in the bargain….It is clear that the moneys lent did not actually flow into the Greek economy but were nominal loans to the Greek nation, but actually went from one lenders bank to another and back again, so that it was really a scam to steal the wealth of the Greek people…. The Greek could legally argue their way out of all these contracts and loans, but of course behind the contracts sits the German army and behind them the US army – and so it not (so much) a legal matter but a political one. Argentina and Iceland made a political decision and repudiated these contracts. Greece can do the same.”
Israel believes it can tame Hamas’ political leadership, making them as cautious and subdued as Mahmoud Abbas’ Palestinian Authority in the West Bank. But it also wants to maintain the pressure on Hamas’ military wing by emphasising that it is little different from the beheaders of Islamic State.
Israel’s compulsive need to dominate Palestinians trumps all – even as it finally dawns on a few generals that Gaza’s endless immiseration is no policy at all.
On July 9, soon after Sandra Bland, a 28-year-old African-American woman, moved to Texas from Naperville, Illinois to take a new job as a college outreach officer at her alma mater, Prairie View A&M, she was pulled over by the police for failing to signal while making a lane change. What followed has become all too common and illustrates the ever increasing rise in domestic terrorism in the United States.
Human life is of no concern to corporate capitalists. The suffering of the Greeks, like the suffering of ordinary Americans, is very good for the profit margins of financial institutions such as Goldman Sachs. It was, after all, Goldman Sachs—which shoved subprime mortgages down the throats of families it knew could never pay the loans back, sold the subprime mortgages as investments to pension funds and then bet against them—that orchestrated complex financial agreements with Greece.
Prime Minister Alexis Tsipras has pushed through parliament a proposal to cut at least 13 billion euros from the public purse – 4 billion euros more than the “austerity” figure rejected overwhelmingly by the majority of the Greek population in a referendum on 5 July.
And yet so unempathic has society become, so casually indifferent to suffering, that almost everybody involved in this horror story feels perfectly happy and justified in what they are doing. The true banality of evil is Harriet Harman saying it would not be right for the opposition to quibble with yet more atrocities heaped on the poor in case it upsets the tiny handful of swing voters who chose Tory over Labour.
European Commission President Jean-Claude Juncker threatened to expel Greece from Europe, despite no law permitting this to occur. Let us see now whether he still tries to carry out his bluff, which has been echoed by right-wing leaders throughout Europe. His retaliatory actions from an ostensibly non-political, non-elected office are not alone. The eurozone class war in support of finance against labor and industry is now open and in earnest.
In the wake of the new era of slow growth and brutal austerity ushered in after the 2008 global banking collapse, the risk of the dire economic climate sparking civil and political unrest is increasing. But what the document also misses is that growing risk is itself a symptom of the uneven “economic development” that constitutes GDP “growth”.
