reply to post by SurrealisticPillow
I am with the Greek people, like the Italian people, the American people. As some have mentioned here, the debt is fraudulent because the system
itself is fraudulent. The leaders do not represent the people. It doesn't matter if the government spent more than it could afford in a system
designed to fail. In this scheme, you have to spend more than you could EVER repay. If the heads of government don't play the game that the IMF and
the central bankers want them to play, they are replaced. Someone mentioned that the real enemy is the government. That is partially true, but they
are not the ONLY enemy. Someone mentioned that the Greeks lived a "lavish" lifestyle. Everyone that can live a lavish lifestyle WILL live a lavish
lifestyle except for saints and martyrs. A fair economic system will punish and reward fairly. This fraud of an economic system punishes EVERYONE and
rewards the FEW at the top, regardless of fault or merit. It is refreshing that so many people now can see that the system itself is a fraud, but
there are still holdouts and trolls.
Well put, and let me add...
This whole topic is a no-brainer if you have looked into the actions of the IMF for decades now, of course you have to look deeper than the nightly
news and your own blind patriotism. I have and so has a man named Greg Palast.
www.gregpalast.com...
Greg attended Milton Friedman's class as he trained to be an economist. The difference between Greg and his other classmates was that Greg was not
training to go to South America to victimize the countries down there. Therefore Greg came away with the opinion that Milton F. was an idiot and his
"Free Market" plan was a recipe for disaster. If you read any or all of Greg's books;
The Best Democracy Money Can Buy
Armed Madhouse
Vultures Picnic
you will have a clear picture of how the IMF operates and what there purpose is today. They have come a long way since the post WWII days when they
were created to help rebuild war shattered Europe.
Today as in recent decades the IMF has indeed adopted the tactics of loan sharks. A country is in trouble financially so in comes the IMF with an
offer of a huge loan, but with provisions attached. what provisions you may ask. Privatization of major publicly owned utilities and services like
power and water. Of course the whole time the country in question is being romanced into this deal the IMF and their corporate cheerleaders are
telling the would be victim that this will do nothing but help the country.
In order to help the country in question decide that it is indeed in their best interest to take the loan the corporate cheerleading team goes into
action by bribing the officials needed, usually a puppet installed by the US. (One of Greg's classmates!) The vicitims of this IMF led pillaging
will be the poor of the country, in South America's case the Indian population, not the "white" moneyed faction. The white moneyed faction know what
will happen, but the Indian population are an annoyance to them everyday so who cares if they won''t be able to buy water anymore?
On the power end of it privatization will benefit names like Bechtel and Entergy, who likewise promise prosperity for all right up until they take
control of the country's electric system or oil fields, as the case may be. However when they do take over massive layoffs are put in place actually
making conditions worse. But that is okay because they don't have any intention of performing maintenance or otherwise keeping up the infrastructure
they have swindled away from the country in question. In one Latin American country Bechtel even had the foresight to make it illegal to collect
rainwater from the rooftops since Bechtel owned that water too.
You see companies like Bechtel and Entergy, to name only two, are not in the power or water business to provide power or water, they are there to
drain as many resources, including money, from the country they are helping. The money then does not stay in the country and help to stimulate the
economy, which it would, but instead begins to migrate to the coffers of the western corporations.
The interest rates of the IMF are extremely high, in fact usury is the term that was once used for this type of lending, but that was long ago when
the word monopoly didn't only mean a popular board game. The rate of returns made by the power and water companies? Minimal at best. Well it does
not take an economist to see that this is an elaborate swindle. In fact it is such a no-brainer that the poor and often illiterate Indian population
of the various South American countries can even see it. Although I must say that things become rather clear when you suddenly cannot afford to buy
water that used to be free or a minimal expense to your family.
edit on 11-2-2012 by Ittabena because: (no reason given)
edit on 11-2-2012 by Ittabena because: (no reason given)