THE RETURN OF PAST POVERTY FOR GREECE.

        When the media reports on Greece it is all about the Greek government trying to "balance the books" which translates into "placate the IMF" (International Mankind Fuckers), with some coverage of strikes and protests. Never do they capture what is actually going on in Greece, they fail miserably to convey what it is like to be living in Greece at the moment. A country where all the ordinary workers have seen their wages cut by as much as a third, their taxes rise by by the same, and new taxes introduced. Add to that a flood of redundancies and massive cuts to health, 40%, education and all other social services. These type of cuts take a civilised country and return it to the beginning of the 1900's. Naturally the people are objecting, and rightly so. 

      There is one photographer who does capture what it is like on the streets of Greece with photographs that are each an art work in their own right. Yiannis Biliris's photographs capture not just an instant but a story, an emotion, a living period. You can see more of his work HERE.

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BANKS GAMBLE - YOU OWE THE MONEY??

    

       " To understand why each Greek owes €30,000 in debt requires an understanding of the role of credit in the capitalist system. Fractional reserve banking allows banks to lend more money than they actually have. In boom times everything looks rosy to the capitalists and credit is extended and profit rates look healthy. But this expansion of credit fuels overproduction. It then starts to dawn that debt-saturation means not all loans will be repaid. Banks become reluctant to lend to one another and credit dries up. This is a credit crunch. As capitalists retreat to cash, effective demand in the market reduces and a recession occurs."

     The above is a short extract from an interesting and informative article in that excellent paper and website, THE COMMUNE. Take a peek and grasp a firm understanding of how and why we are being screwed by the wealthy, the name of the game is capitalism. 

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