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Greek Election: The ‘Winds of Change’

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As Western economies and Western societies continue to deteriorate, I find myself frequently appalled but rarely surprised. Thus it was a refreshing change to be “surprised” by this weekend’s Greek election – made even better by the fact it was a pleasant surprise.

The Western mainstream media had told us to expect the two rancid, Establishment parties in Greece (PASOK and New Democracy) to maintain their grip on power by circling the wagons and forming a Coalition of Convenience, to prevent the possibility of any real change. The script had seemingly been written.

PASOK and New Democracy would unite to serve the bankers and continue their Friedman Austerity: stomping on the poor and middle class to preserve the wealth and privilege of the aristocracy. As they finished the destruction of Greece’s economy they would also complete their own self-annihilation. This would have then set the stage for a real “election” in Greece (i.e. an event where “change” was an option).

PASOK and New Democracy would vanish into political oblivion. A clean slate of political parties would emerge with a “radical” agenda: placing the interests of the Greek people ahead of those of Western bankers and their own Oligarchs. However that’s not what happened in this election.

Either Western media misrepresented Greek voter sentiment in their pre-election predictions, or (being a part of the rancid Establishment themselves) they simply failed to understand it. Greek voters, after being subjected to two years of political/economic rape, advanced the timetable.

They “squeezed” PASOK and New Democracy in the same manner those two traitor-parties had been squeezing the people on behalf of the Oligarchs. Despite the full weight of the Greek Establishment making a last, desperate attempt to maintain the (corrupt) status quo; the voice of the Greek people was heard.

The effective winner in the election was the SYRIZA Party, which translates literally as “Coalition of the Radical Left”. This simple translation tells us all we need to know about how far the Western political pendulum has swung to the right.

Representing the broad majority rather than the privileged few is now a concept of the “radical left”. That principle used to go by a much more general label: democracy.

Eliminating corruption and restoring faith and trust in government is now a concept of the “radical left”. That principle used to go by a much more general label: justice.

Placing feeding the people ahead of making interest payments to bankers as a political priority is now a concept of the “radical left”. That principle used to go by a much more general label: compassion.

The Western propaganda machine has wasted no time in cranking-up its media megaphone to maximum decibels. “Beware the Rise of the Radical Left!” shriek its fearmongers. It is a strategy doomed to failure. Demonizing the concepts of democracy, justice, and compassion as principles of “the radical left” will only complete the isolation and political disconnect of the Western Establishment.

This is how and why we continue to see cycles of revolution, whether by sweeping changes via the ballot box or more forcible means of political reform. The privileged Establishment self-destructs as it severs all connections with the people (and the real world) and retreats to its ivory towers.

Let them eat cake,” suggested Marie Antoinette. “Eat more austerity,” sneered PASOK and New Democracy. The message of these modern Fascists was harsher, but the separation from reality is the same.

 

Note that the fearmongering of the Western media after Greece’s election is not only a losing strategy but a dishonest one. It’s attempt to portray this election as a “radical” ideological change is a complete betrayal of the facts.

Immediately after the election, Alexis Tsipras (the leader of SYRIZA) reached out to the Independent Party of Greece – a right-wing party and also officially “anti-austerity” – in seeking to unite the Greek people, irrespective of their political stripes. This election had only one message: “change”, as Greeks across the political spectrum rejected the corruption and betrayal of the political status quo.

In addition, note the totally different dynamics (and outcome) we saw in Greece’s election versus the election which took place in France, also this weekend. In France there was no real change. The Iron Fist of Fascism (Sarkozy) was simply replaced by the Velvet Glove of Fascism (Hollande). Instead of Sarkozy’s blatant brutalizing of the Little People, we have Hollande proposing the more subtle form of economic rape represented by “the Euro Bond”.

Clearly, unlike the Greek people the French people have not yet suffered enough to shake off their propaganda-induced coma of apathy. Four years of being throttled with Hollande’s Velvet Glove should be more than enough time to awaken the French people – by completing the destruction of France’s economy.

Even more stark was the difference in the reaction of the Western propaganda machine to the two elections, epitomized by coverage of London’s The Telegraph:

Greece is potentially ungovernable as a minority government must try and pass [sic] a new raft of austerity measures next month which are a condition of an EU-IMF bailout and Greek membership of the euro.

In France, while Hollande, the Socialist President-elect is a centrist, he is sitting on a powder keg of resentment at measures that his government will have to pass if it is not to spark a meltdown of financial markets.

In Greece, the two Establishment parties couldn’t even muster 40% of the vote between them, meaning that a solid majority of Greek voters have chosen politicians expressly vowing to support the will of the people. Yet we see the mainstream media labeling Greece as “potentially ungovernable”.

Yes Greece is now “potentially ungovernable” from the perspective of the Establishment, seeking to implement an agenda absolutely contrary to the will of the people, and with now only a clear minority of Greece’s politicians willing to betray the people and serve as their stooges.

Then there is France, where the Establishment knows that one of their Boys is still in charge. As a result, even the right-wing Telegraph is willing to give France’s new Socialist president a muted thumbs-up as a “centrist”. Yet it notes that Hollande is “sitting on a powder keg of resentment”. Let me translate that phrase, since the propaganda machine loves to engage in euphemisms when it is seeking to evade the truth.

Obviously when The Telegraph refers to a “powder keg of resentment” it is clear acknowledgment that as another Establishment candidate seeking to maintain the status quo and serve the agenda of the bankers that Hollande will be acting against the will of the people. Furthermore in maintaining the status quo and continuing policies which have totally and unequivocally failed all across the West, he is dooming France’s economy to precisely the same fate as Greece.

Meanwhile in Greece there is the potential for a new government which will seek to represent the will of the people, and make a good faith attempt to improve the economy and make real changes – rather than continuing to commit economic suicide. Why is one labeled as “potentially ungovernable” but not the other? The answer is already before us.

Starting from Day 1, the Establishment (and its mouthpieces in the mainstream media) have dedicated themselves to supporting their Boy in France, while doing anything and everything they can to undermine any government with the temerity to attempt to represent the people.

Should the anti-Establishment majority in Greece manage to form a government, we can expect that the verbal assault from the propaganda machine will be accompanied by an economic assault in financial markets. This would simply mirror the actions of the Establishment in Iceland, after their political lackeys were also banished from power.

The path to political and economic freedom for the Greek people will not be an easy one, already that is plain to see. Getting to “the light at the end of the tunnel” will mean passing through considerable darkness, as the Establishment makes its Last Stand (at least in Greece).

Unlike the French people, however, the Greek people have at least made a start along that road. For that reason alone, any new government would merit our moral support – and some cautious optimism. The Winds of Change are blowing strongly in Greece.

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Jeff Nielson
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written by Jeff Nielson, May 09, 2012
Looks like he cherry-picked his data on silver prices re his rupee-melting theory during your interview with him: (http://www.bullionbullscanada....Itemid=130)

“The artificial oversupply caused the price of silver to start skidding. It reached an all time historical low of 24.5 cents per ounce by February 1931, down drastically from $1.34 in 1919.”

See the link below for historical silver prices. The chart’s scale is not as accurate as we might want; however, it shows a spike at app. 1919, while for every other year before and after (up until app. 1945), the price barely registers. There is a big drop-off right after 1919, and the price decreases gradually to what could be 1931. Since Savoie claims the rupee-melting began in 1926 at the earliest (six years after 1919), I see no cause and effect to his assertions whatsoever. Therefore, his supposition that this was the sole cause of the Great Depression is of dubious veracity.

http://www.freeby50.com/2008/11/historical-price-of-silver.html


MrP, first of all congrats for doing some delving into The Silver Stealers. However, here I can only suggest doing MORE reading.

The big drop-off in the price of silver in 1919? The end of World War I. All of India's soldiers had to be paid in SILVER. By itself (and along with pre-existing demand) this was enough to steadily deplete silver inventories and send prices higher.

However EVERYONE knew the price would come down after the end of World War I. Where the manipulation (i.e. "act of war") from the Western bankers comes into play is that DESPITE the fact that the price of silver was coming down ON ITS OWN they (unnecessarily) looted all the silver they could get their hands on out of India - and then dumped it all onto the market.

That's why I also provided the link for the Yale professor. These are all documented events - in our REAL history.
MrPaladin
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written by MrPaladin, May 09, 2012
Re Savoie:

Looks like he cherry-picked his data on silver prices re his rupee-melting theory during your interview with him: (http://www.bullionbullscanada....Itemid=130)

“The artificial oversupply caused the price of silver to start skidding. It reached an all time historical low of 24.5 cents per ounce by February 1931, down drastically from $1.34 in 1919.”

See the link below for historical silver prices. The chart’s scale is not as accurate as we might want; however, it shows a spike at app. 1919, while for every other year before and after (up until app. 1945), the price barely registers. There is a big drop-off right after 1919, and the price decreases gradually to what could be 1931. Since Savoie claims the rupee-melting began in 1926 at the earliest (six years after 1919), I see no cause and effect to his assertions whatsoever. Therefore, his supposition that this was the sole cause of the Great Depression is of dubious veracity.

http://www.freeby50.com/2008/11/historical-price-of-silver.html
Dylan
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written by Dylan, May 09, 2012
You are dead on Jeff,

It`s their secret weapon....Ourselves
Jeff Nielson
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written by Jeff Nielson, May 08, 2012
...Meanwhile, the rape-victims argue on how they are getting raped.


Dylan, that single point is likely the source of my own greatest frustration: watching the Oligarchs engage in their divide-and-conquer tactics to DISTRACT them from the Grand Theft taking place right before their eyes.

The false dichotomy between "left" and "right", when certainly in the U.S. they are BOTH merely the "hands" of the Oligarchs - and they steal with BOTH of them.

The false dichotomy between Keynesians and Austrians, when BOTH preach models of perpetual economic slavery - for EVERYONE except the (privileged) top-20%.

Create "feminism" and they not only managed to conscript women into the work force (to drive down wages further), but also created a "battle of the sexes" - yet ANOTHER distraction for the masses.

When that began to wear out the Oligarchs came up with their BIGGEST distraction yet: permanent war. A "War on Terror" which can never end...at least until there is no more "terror" in the world.

And since the U.S., UK, and Israel are the biggest GENERATORS of terror in the world, we obviously have a self-perpetuating distraction which will last as long as the gullible sheep continue to believe in their terrorist boogeymen.
Dylan
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written by Dylan, May 08, 2012
The destruction of silver based economies surely goes hand in hand with the destablisation of purchasing power carried out by Fischer and his ilk under the guise of “attempting to stabilise purchasing-power” by causing booms! Like a form of Orwellian, Drunken Style Kung Fu in which deadly intent is disguised by feigned, gross incompetence.


“All they have done (in very IMPRESSIVE-sounding language) is to provide a very convoluted description of the principle of compound interest: at some point you must STOP running-up the tab on one's credit card and START to pay your bills. “


And that`s the key. The compound interest on the fraudulent debt whether credit card or the mandrake mechanism itself, when paid off, is NOT lost from the system as a whole, it is transferred from the Damned to The Man.
Ludwig`s catastrophe hovers still, at the whim of psychopaths, who will attempt to blame the rape on the rape-victims.

Meanwhile, the rape-victims argue on how they are getting raped.

“I will whisper words of freedom, I will swing hard as I can, Lord knows the time is coming…. Save the Hammer for The Man.”

http://youtu.be/HFgW97pq1wA
Jeff Nielson
...
written by Jeff Nielson, May 08, 2012
Unfortunately, few saw the development of the stock market bubble, its cause, or predicted the bust and the resulting depression. In Austria, economist Ludwig von Mises apparently saw the problem [the Great Depression] developing in its early stages and forecast to colleagues the crash of the large Austrian bank, Credit Anstalt, as early as 1924. More importantly, he wrote a full analysis of Irving Fisher's monetary reforms, published in 1928, where he targeted Fisher's reliance on the price index as a key vulnerability that would bring about Great Depression, concluding: “because of the imperfection of the index number, these calculations would necessarily lead in time to errors of very considerable proportions.”...


MrPaladin, that MIGHT have been a step in the right direction - were it not FULL of revisionist mythology.

Here I have to credit my readers for enlightening me. It was one of them who first pointed me to "The Silver Stealers" by Charles Savoie - a detailed chronology which explains how The Great Depression was REALLY caused by the U.S./UK destruction of the silver market in the early 1920's, which DESTROYED silver-based economies like China, India, and many other nations.

Indeed, it was arguably this economic act of war by the U.S./UK axis which CREATED most of the "Third World" poverty which was endemic through most of the 20th century.

Another reader pointed me to a more scholarly piece, "Silver Money" by Yale Professor Dickson Leavens - which corroborates many of the most important facts from The Silver Stealers.

So how could Von Mises have "seen the cause of the Great Depression" when he didn't even UNDERSTAND IT himself????
MrPaladin
...
written by MrPaladin, May 08, 2012
Maybe this will do it for you....

Unfortunately, few saw the development of the stock market bubble, its cause, or predicted the bust and the resulting depression. In Austria, economist Ludwig von Mises apparently saw the problem [the Great Depression] developing in its early stages and forecast to colleagues the crash of the large Austrian bank, Credit Anstalt, as early as 1924. More importantly, he wrote a full analysis of Irving Fisher's monetary reforms, published in 1928, where he targeted Fisher's reliance on the price index as a key vulnerability that would bring about Great Depression, concluding: “because of the imperfection of the index number, these calculations would necessarily lead in time to errors of very considerable proportions.”

Mises found that Fisher's attempt to stabilize purchasing power was riddled with inherent technical difficulties and was incapable of achieving its goals. “In regard to the role of money as a standard of deferred payments, the verdict must be that, for long-term contracts, Fisher's scheme is inadequate. For short-term commitments, it is both inadequate and superfluous.” He then demonstrated how Fisher-type monetary reforms cause booms and that these booms inevitably result in crisis and stagnation, and he attributes the popularity of his reforms and the resulting cycle to political influence and bad ideology:

The fact that each crisis, with its unpleasant consequences, is followed once more by a new “boom,” which must eventually expend itself as another crisis, is due only to the circumstances that the ideology which dominates all influential groups — political economists, politicians, statesmen, the press and the business world — not only sanctions, but also demands, the expansion of circulation credit.
In addition to demonstrating the inevitability of the crisis, he clearly identified its cause, where most others could not:

It is clear that the crisis must come sooner or later. It is also clear that the crisis must always be caused, primarily and directly, by the change in the conduct of the banks. If we speak of error on the part of the banks, however, we must point to the wrong they do in encouraging the upswing. The fault lies, not with the policy of raising the interest rate, but only with the fact that it was raised too late.

He showed that the central bank's attempt to keep interest rates low and to maintain the boom only makes the crisis worse. Despite the tremendous odds against the adoption of his solution, he ends his analysis with a prescription for preventing future cycles.

The only way to do away with, or even to alleviate, the periodic return of the trade cycle — with its denouement, the crisis — is to reject the fallacy that prosperity can be produced by using banking procedures to make credit cheap.

http://www.lewrockwell.com/thornton/thornton21.html
Jeff Nielson
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written by Jeff Nielson, May 08, 2012
How about this?....

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises [Human Action (1949)]

No calculator there....



You're right MrPaladin - no need to pull out the calculator here. I can deal with THIS "Austrian wisdom" by merely relying upon fingers-and-toes.

All they have done (in very IMPRESSIVE-sounding language) is to provide a very convoluted description of the principle of compound interest: at some point you must STOP running-up the tab on one's credit card and START to pay your bills.

THIS is supposed to impress me? Lol!
MrPaladin
...
written by MrPaladin, May 08, 2012
How about this?....

"There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of a voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved."
- Ludwig von Mises [Human Action (1949)]

No calculator there....
Jeff Nielson
...
written by Jeff Nielson, May 08, 2012
I agree that default is the only answer for Greece (with others to follow). Please note that this is the precise solution prescribed by the Austrian school of economics (which has recently been subjected to undeserved abuse in these comments).


Sorry MrP, but I can't let you get away with that line. ANYONE capable of operating a calculator KNEW that Greece must default. So if the BEST you can do in promoting the Austrian elitists is to observe that they can operate a calculator then you really haven't accomplished anything.

As I stated previously, the Austrians only LOOK GOOD because they get to stand beside the Keynesians: "economists" NOT capable of operating a calculator.

Show me some demonstration of intellect/insight BEYOND the ability to operate a calculator, and then you MIGHT be able to impress me...
MrPaladin
...
written by MrPaladin, May 08, 2012
I agree that default is the only answer for Greece (with others to follow). Please note that this is the precise solution prescribed by the Austrian school of economics (which has recently been subjected to undeserved abuse in these comments).

smilies/smiley.gif
Jeff Nielson
...
written by Jeff Nielson, May 08, 2012
The most obvious solution for Greece would be to follow Iceland's example; default and have show trials for the globalists/statists. That would certainly send a message. Before that could happen, however, there will be Nato "humanitarian troops" occupying Greece under totalitarian control. The banking cartel will not allow a potential domino effect on derivatives that would undoubtedly occur under a default. That's the only significant "change" I see in Greece's future; not necessarily being pessimistic, but realistic.


Apberusdisvet, I'm certainly in agreement that defaulting on the remainder of its (fraudulent) debts and then exiting the EU "club" would be the best strategy for the Greek people. I'm also in agreement (sadly) that the scenario you suggest by the Oligarchs (in response is also plausible.

Indeed it is PRECISELY what seems to be taking place in the U.S. at the moment. "DEtention centers" being (secretly) constructed by the HUNDREDS - and then new, Fascist laws to allow the U.S. government to lock people up FOREVER without eiher a trial, formal charges, or even the right of habeus corpus (the right to APPEAR before a judge).

At the MOMENT, there is no sign of such overt Fascism in Europe, although being across an ocean it's definitely possible that a certain amount of such activity could be hidden from us. It wouldn't be a surprise to learn that France has been stockpiling its own "private prisons" - as that would have APPEALED to a tyrant like Sarkozy.

Instead, it seems that Europeans are being subjected to (only) the most extreme ECONOMIC oppression - rather than the Nazi-style Fascism on display inside the U.S.
apberusdisvet
...
written by apberusdisvet, May 08, 2012
The most obvious solution for Greece would be to follow Iceland's example; default and have show trials for the globalists/statists. That would certainly send a message. Before that could happen, however, there will be Nato "humanitarian troops" occupying Greece under totalitarian control. The banking cartel will not allow a potential domino effect on derivatives that would undoubtedly occur under a default. That's the only significant "change" I see in Greece's future; not necessarily being pessimistic, but realistic.

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