Yippee,
hooray, problem solved, the corporate fascist in charge of Europe
have given Greece the much discussed bailout. Now we can all go back
to watching the football, well if only. What the bailout will mean
for the Greek people is deeper cuts in wages, pensions, social care,
education and health, more redundancies, more taxes and a quicker and
bigger sell off of Greece's public assets, at bargain prices of
course. Not only that, but the Greek government will have the
corporate financial Mafia sitting in the various Greek ministries in
Athens looking over the shoulders of the Greek officials to see that
they do what the corporate fascists demand. What was that they said
about European democracy??
This
generous offer by the kind hearted compassionate financial Mafia of a
bailout of $170 billion to the “Greek people” is somewhat rather
devious and not what most people envisage. What is not widely
discussed is where will this huge sum of money go??
The vast majority of the cash will go to finance the bond swap. This
allows the Greek bankers to put a wee smile on their faces.
Approximately $40 billion will go as “sweeteners” to get the
private sector of the financial Mafia to sign up to the deal, a
further $30 billion will go to recapitalise the Greek banks. Then
there will be a further $46 billion to allow Greece to finance the
buying back of bonds, more money for the financial Mafia. A large
slice will disappear in expenses in carrying out this grand plan and
what is left might find its way into the Greek economy, but I
wouldn't hold my breath. With this master plan in place the Greek
people can look forward to a decade or two of deprivation on a scale
never seen in Europe since the end of the second world war.
The whole system stinks, the people are debt serfs and it is not
their debt. Not until we get rid of the system of profit before
people will this change. There is no such beast as caring
compassionate capitalism, it can't be modified it has to be
dismantled, we have to start from a different basis. Only when we
start to build a society based on the needs of the people will this
nightmare of injustice and deprivation end. Only when we throw the
parasites of the financial Mafia off our backs, can we hope to create
a fair and just society based on needs and sustainability.
