What Happened?
Greece ran up massive government deficits ($387 billion), they can't pay the interest on federal bonds, the European Union wants them out, and the IMF is rushing a $142 billion bailout. The trouble is the unemployment is 19%, and the IMF wants drastic cutbacks.
The euro sank, dipping below $1.29 for the first time in over a year, on fears of crisis contagion and concerns that political upheaval might keep Greece from keeping its end of the bailout bargain.
3 die in Athens riot over cutbacks, debt crisis
Three bank workers — a man and two women all aged between 32 and 36 — died of smoke inhalation after demonstrators torched their bank, trapping them. As their colleagues sobbed in the street, four others were rescued from a balcony. 4
Goldman Sachs Involved
"There was only one other solution — for the country to default, taking the citizenry with it. And that would not have affected the rich, it would have affected workers and pensioners," Papandreou said. "That was a real possibility, however nightmarish." Greece goes through a 1929 depression and naturally the Zionists buy everything for pennies.
Role of speculators
Speculators and hedge funds engaged in selling Euros have also been accused by both the Spanish and Greek Prime Ministers of worsening the crisis.
The role of Goldman Sachs in the Greek bond 'crisis' is also under scrutiny. It is not yet clear to what extent this bank has been involved in the unfolding of the crisis or if they have made a profit as a result of the sell-off on the Greek government debt market. 5
Who Hold's The Greek Debt
Greece issued $380 billion in treasury debt, and someone is holding those bonds. So this crisis can snowball. Hedge funds bought the debt, it was repackaged an sold to pension funds. 20% are Greek pensioners and 80% are foreign.
20% unemployment! The private sector is dead except for the underground, tax evading economy. If you work for a bank your liable to be killed by your fellow Greeks! Bribery and extortion a way of life in Greece! Once referred to as, "The cradle of Civilization", Greece, has devolved into a hedonistic, pleasure seeking society, where drugs, liquor, tobacco and promiscuous sex are all that concerns the average Greek. Above all else, evade all taxes and blame the bankers and your parliament for your plight of indebtedness, joblessness and violence that leads to murder! Fuck austerity, lets borrow more..., I WANT MORE!
The original Starman symbolizes "the abstract man against the masses. The red star symbolizes any collectivist mentality" [Neil Peart, Creem, 1982].| Karn Evil 9 Third Impression |
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| Man alone; born of stone; Will stamp the dust of time His hands strike the flame of his soul; Ties a rope to a tree and hangs the Universe Until the winds of laughter blows cold. Fear that rattles in men's ears And rears it's hideous head Dread .... Death .... in the wind .... Man of steel pray and kneel With fever's blazing torch Thrust in the face of the night; Draws a blade if compassion Kissed by countless Kings Whose jeweled trumpet words blind his sight. Walls that no man thought would fall The altars of the just Crushed .... Dust .... in the wind .... No man yields who flies in my ship DANGER! Let the bridge computer speak STRANGER! LOAD YOUR PROGRAM. I AM YOURSELF. No computer stands in my way Only blood can cancel my pain Guardians of a new clear dawn Let the maps of war be drawn. Rejoice! Glory is ours! Our young men have not died in vain, Their graves need no flowers The tapes have recorded their names. I am all there is NEGATIVE! PRIMITIVE! LIMITED! I LET YOU LIVE! But I gave you life WHAT ELSE COULD YOU DO? To do what was right I'M PERFECT! ARE YOU? | |
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