…..of the Final Solution

Well, The Slog’s informants (all two of them) were on the money (or lack of it) in predicting Troika2 would reject the latest ‘big move’ red-line crossing by the Greek government. The situation since that time has been confused, and so SNAFU continues to reign supreme: I understand Athens came back with a tweak yesterday, Herr Schäuble gave it his customary seal of disapproval and then the meeting wrapped at 2.50 pm CET time. This is what Jean-Claude Juncker the JU88 Stuka dive-bomber calls “working through the night to get an agreement”.

I raise the issue of lackadaisical urgency, because this entire process is at least one piece short of a jigsaw puzzle. I took a decision yesterday evening, and I’d wager that, following the Monday to Wednesday Troika2 filibuster, other commentators are doing the same thing: I decided to choose the by now least believable theory I have, and dump it.

The one I’ve aced is that Troika2 wants a deal, and is scared of not getting a deal.

I’ve dumped it because none of their actions support it: no concessions, filibustering when threatened with a good idea… and money under the table for Greek banks, but only because a disorderly default threatens bad derivative bank bets eg DB, RBS and The French Bank Which Must Not be Mentioned.

Now, you can argue that those derivatives are indeed there, and you’d be right…so why aren’t they frightened?  I think that, in the classic Holmes tradition, one’s left with only one conclusion: they don’t fear not getting a deal, because in the end they’re confident they can impose it without ramifications.

‘​Imposition’ is both a dangerous and potentially melodramatic word…but not if you go back through the EC/ECB/IMF/Frankfurt/Berlin track record.
Refuting the Rule of Law
In late 2011, Greek PM Georgios Papandreou listened to the ‘terms’ on offer at the original memorandum session, and said Greece would need a referendum to approve it. He was flatly told “no”, Wolfgang Schäuble allegedly telling the most senior executive of a sovereign nation “No more elections, the People don’t understand the issue”.
On 25 March 2013, a €10 billion international bailout led by the Eurogroupe, EC, ECB and IMF was offered to a Cypriot banking system which – while it had over-leveraging problems – was fundamentally solvent. What rendered it insolvent was backing Greek bailout debt bonds, the sudden removal of Russian monies following leaks (from Cypriot bankers, but also almost certainly the ECB) about Mario Draghi’s intentions, a concerted downgrading of Cypriot debt bonds by a suddenly awake range of ratings agencies, and then the blunt diktat from Schäuble and Draghi, “this is an offer you can’t refuse”.
In a nutshell, the eunatics destroyed Cypriot fiscal credibility, and then moved in to ‘help’ the banking system out of its hole. One suspects the eurogroupe and ECB had been following the post-Premiership career of Tony Blair closely, as the MO was identical to his in Iraq: start a war, then broker the peace.
This was what Cypriots thought about the ‘offer’:
But they too were never asked. In return for Cyprus agreeing to close the country’s second-largest bank, Laiki and imposing a one-time bank deposit levy on all uninsured deposits there, and possibly around 48% of uninsured deposits in the Bank of Cyprus (the island’s largest commercial bank), Cyprus got the piffling sum of €10bn….and the destruction of its financial independence. Jeroan Dijesslbleom blithely called this heist “a template for the future” following which Schäuble announced that his Dutch colleague had misspoken. But the jury had already heard the comment: as the Bundesrepublik’s former top spook, Herr Schäuble is all eyes, but mainly all lies.
In 2014, ECB boss Mario Draghi was finally certain that his illegal QE romp would be approved. But another sovereign State outside the EU stood in the way of its ‘effectiveness’: Switzerland. It had capped the value of the Swiss franc against the euro in order to avoid destroying its export business. Draghi didn’t ask the Gnomes to remove the cap: he told them that’s what they were going to do….or else. The Swiss took off the cap.
These are all, to my mind, classic examples of the unwarranted and illegal imposition of the EU’s will upon anyone in its way. Aside from the Russian Federation, not one developed nation protested about any of them. Effectively, they tacitly approved and quietly collaborated.
This has allowed the gargoyles running this now blatantly undemocratic, fiscally fascist ‘Union’ to reach two key conclusions: we can ignore the rule of law; and if member States become in any way truculent, ultimately we can force them into acquiescence and there will be not a peep of disapproval from the “developed” world. It would be difficult indeed to put a rice-paper between that Weltanschauung, and the one promoted by the failed artist and Austrian tramp, Herr A. Hitler from Linz.
The power behind the technocrats
But this short-term belief in unassailable power was preceded by a more medium-term policy of Imperial expansion in order to fill the vacuum created by the collapse of the Soviet Union. The documents made public in the last seven or so years point in only one direction when it comes to the arm-twisting guiding hand behind that foreign affairs strategy: towards Washington in general, and the US State Department in particular.
All of this, believe it or not, is hugely relevant to what’s being visited upon the Greek People at the moment. Clearly, via Lagarde’s IMF and the Merkel-Obama relationship, the US approves in private of the baseball bat approach to Greece…. whatever the Black Dude might utter in his public soft-tone remarks. We should also never forget the codicil of controls over Germany that the Americans still hold to this day, 70 years after the defeat of the earlier incarnation of Nazis; nor indeed the massive aid the then West Germany received without paying a penny in reparations to Greece…or anyone else for that matter. When Greece looked like it might go Communist in 1945, Harry Truman piled in to stop it. When the Colonels took over some 30 years later, the US did nothing. When the Greeks asked for reparations to be raised as an issue after the election to power of Syriza, the Germans laughed and the US press blasted the Athens Government for its ‘opportunistic’ raising of the matter. That same press pack has barely mentioned the compelling case against the Greek debt as being odious and illegal under International Law. And despite the American refusal to send the remaining 93% of German gold it holds back home to Berlin, Herr Schäuble the Avenging Angel has been strangely silent…he being the German finance minister, and all. If things carry on in this psychopathically hypocritical manner, I wouldn’t put it past the CDU to send Israel the 1941-44 Nazi State gas bill.
From Snowden to Wikileaks via McCain in the middle east and the Goldman Sachs role in unaffordable debt creation (still nobody in gaol on account of that one) it is impossible, finally, to avoid the obvious reality: nobody does anything in Europe – including the UK – without US permission: and if it wants something done, then its will shall prevail. Don’t like a socialist French President dragging his feet on neoliberal ‘reforms’? Bomb his debt bond yields. Don’t like the idea of Commies standing up to your EU puppets? Invent and fund To Potami. Not going too well? Invite the Greek Opposition Parties to join in the Brussels baseball thwacking, then leak about them slagging off a Syriza that is currently polling from 2 to 6 times more electoral support than those discredited Parties. Don’t like some of these EU State Central
Banks getting out of line? Make sure there’s a Goldman Sachs or Opposition Party apparatchik running every last treasury that matters.
The US actively encouraged the central and east European former Soviet vassal States being invited into first the EU and then the euro. The Americans didn’t GAF about the obvious effect the lower income levels and mass migration would have on Western Europe’s economy: if anything, they probably saw it as another lucky bounce via which working wages would be crushed, and the neoliberal hegemony further cemented into the foundations.
Now all attempts at independence in those newer EU States are subject to blatant US interference, with the endless CIA-backed (and utterly groundless) accusations against Orban in Hungary mirrored by Juncker’s cynically sadistic decision to appoint former Polish boss Donald Tusk as Commissioner for bullying the opponents of the euro into line.
The idea is, put simply, to make the US influence in all of Europe irreversible, with the Euronauts happily going along with this in order to render their silly EU and its mickey-mouse currency ‘forever’. And naturally, giving the euro a whopping great front door but no rear fire exit was merely a reflection of that insane drive towards a future wherein the road map includes every service station and péage down to the last detail. A Reich, in fact, designed to last a thousand years.
Why the Troikanauts can go for broke without fear of failure
So this is my conclusion. The US and EU have stopped taking no for an answer. They believe they can ignore every law, every protest, every supreme Court, and every democratic decision taken by the peoples of Europe. They can unseat an elected Ukrainian leader and side with dubious political elements against the unseated. They can reinvent the facts, smear the other side, invent atrocities, and control everything.
And this is why my theory about their fear of Greek default inside the eurozone (and the consequent Tsunami of derivative payouts) was wrong. Of course they don’t want that to happen, but you see they are certain it won’t happen because they won’t allow it to happen. Those who want it to happen will be deposed, disposed of, or simply stripped of their powers.
The approach of zero compromise, zero Syriza victory – and removing the Left obstacle (while leaving open a lifeline for the Greek banking system) may seem clueless and incoherent, but it is anything but: the triumph of EU Will will teach the other ClubMed rebels a lesson, and the humiliation of Syriza will tarnish its appeal; so long as the Greek banks are kept alive until June 30th, the Troikanauts reason, they have nothing to fear.
There is but one possible extrapolation from that conclusion, my dear Watson: unless Syriza caves completely before that rigid IMF deadline, some form of EC directive via the eurogroupe will replace the Athens political government with technocrats. They can do it, and they will get away with it in the face of small-scale murmurings from the outnumbered Non-Violent Extremist communities.
The huge error in their thinking is that they can retain control over internal Greek developments after doing such an idiotic thing. At least, that’s what I think having remained close to a spectrum of Greek opinion for nearly four years now.
Is there a lesson in this, should it come to pass? I think so, yes. Syriza should have flatly refused to enter into negotiations at the outset. Hindsight is of course a marvellous but impractical thing….unless we learn the lesson. Everyone currently supporting secessional opinion in Spain, France, Italy and the UK needs to cotton on to that learning, and then have a Bill Clinton-style motto above their desk: ‘They’re the new Nazis, stoopid. There is no reasoning with them’.


  1. Just what I have been saying for a while now, the Fed is in charge. The EU is here to stay as long as it suits the US. We are all just vassal states.


  2. Excellent piece. For me, by far the most crucial sentence came towards the end.
    “The huge error in their thinking is that they can retain control over internal Greek developments after doing such an idiotic thing.”
    Indeed. If the Greeks have anything about them, and they have before, there will be civil war, with one side receiving heavy support from the Western powers. Presumably anyone attempting to travel from North London to fight for the nationalists will be defined as a terrorist and traeted accordingly.


  3. Excellent piece Mr Ward. If Paul Craig Roberts is to be believed, the U.S. has been controlling European leaders for decades mainly by buying them with “sacks of cash”. I have no doubt that the judicious(?) use of Gladio in cases where the cash is refused has also brought European ‘leaders’ into line. De-Gaulle was the object of how many assassination attempts? I suspect that part of the motivation behind the U.S. formented chaos in the Ukraine was a desire to weaken the major european economies by severing their profitable ties with Russia. Merkel, Rutte and Holland have colluded in the wounding of their own people’s interests once again. It seems so obvious, yet they remain in power.


  4. John,one of your most powerful pieces of writing to date. The parts have all fallen into place. Nothing moves politically or financially in Europe without the nod from Washington.
    I have said ad infinitum, the EU is a Washington construct, to control, in one basket ,the political, financial and Military policies of the European countries.
    The USA is a rapidly failing Empire. Should Europe continue to tie itself to its coat-tails we shall all go down the Swanee together.
    The future is East,with the BRICS, our natural geographic allies. They are even now by-passing the USA control of the maritime trade routes with the new hi-speed rail Silk Roads thru’ Central ASIA.
    All predicted in 1904 by Sir Harford Mackinder. ‘He who controls the Central Asian landmass controls the world’.
    Greece is just another chess piece,as is Ukraine,Syria ,Iraq, Iran , to disrupt the Asian trade routes to Europe and attempt to preserve the hegemonic extortion of the US dollar reserve currency.


  5. The Greeks will roll over, terrified about their pensions, convinced the good times will return. Every taxi driver looking for his new Mercedes. 74% want to remain in the euro. As many EU flags as Greek flags at the last demonstration. Syriza are dead in the water, they just don’t know it yet. Cross their own red lines and they are finished, resist to the death and they are finished.


  6. As an official American, am I allowed to apologize for the psychopaths who have overtaken our country and seem to be obsessed with total domination of the universe?

    If so, please accept my personal apology. We don’t know how to stop them. If I could, I would.

    In the meantime all I can say is that I am woefully, dreadfully, soddenly personally sorry that the country which controls my citizenship has careened into exponential levels of insanity.

    Truly, I am sorry. I have no idea how any of us are going to survive this US inflicted planetary megalomania. The people in charge in my country are just batshit crazy.

    1,000+ more apologies –

    (hapless US citizen)


  7. I think the key is to look past Greece and consider it a distraction, as I said before there is so much we don’t know about but, it is as JW says, they don’t care a jot because they will do as they please regardless.


  8. I have stopped thinking in terms of nations: I now regard the West as the Rothschild Central Bankster Empire.

    Countries outside the brainwashed RCBE are: Iran, Russia, N. Korea & Hungary, China I’m not sure about.
    The media demonised enemies of the West are…..
    If China is too deeply infested, we’re in trouble. China, for me, is the big question mark.

    Interesting site:
    Worth a look.

    Top analysis, JW.


  9. Gardner1, if it makes any difference, I burn with shame & anger each time I think of the murderous psychopath Stony Bliar, leading this country into illegal war & causing perhaps 1,500,000 deaths, then being appointed peace envoy. I need no further proof that the West has become a lunatic asylum with the inmates running it. How I would love to see him in the dock.
    No harm in dreaming.

    My remark below outlines my thinking.

    John Doran.


  10. SOCGEN is a marvellous French banking institution and I will not entertain a word said against it, John.


  11. To believe that keeping American hegemony & keeping world trade going isn’t i hintering actual economies ii forcing it to speed up the frantic actions before the system destroys itself iii losing confidence of all people,even those who believed are doubting it now iv many now see what has so far been kept from them v the more they print to keep the quicker the economies fail


  12. Notice on the attached document link above the characters displayed on cover graphic are anonymous shadows devoid of any cultural or human identity and one would suspect this is wholly intentional.


  13. JW , I think you are over-playing the derivative bets part . Banks have had 5 years to quietly off-load dodgy debt into rising markets and/or write-down bad loans ; Both Calyon and SocGen divested their Greek exposure in recent. years . Greece is just a geo-political pawn , that’s why they dragged in Vlad : just to let us all knoiw they could easily find a new best friend if Europe boots them out .


  14. good article again JW. but how do you think they will impose their own government on the greeks. More false flags anyone?


  15. Get this, taken from the introduction to Junckers report : “A complete EMU is not an end in itself. It is a means to
    create a better and fairer life for all citizens, to prepare
    the Union for future global challenges and to enable
    each of its members to prosper. ” The exact opposite of what has happened so far …..these guys are totally deleuded .


  16. Bemused
    That 74% stat has been outed as a myth: latest poll figure shows roughly that percent “happy” to leave the euro.


  17. Just read this excellent essay John. Very good and a tour de force of dot joining.

    All I would add is that this exact methodology was used to collapse the Asian Tiger economies in the Clinton era. The dollars flow in, the tangibles are dissolved into the fiat currency solution and then the plug is pulled. The greedy US hegemons can then crystallise their gains at their leisure using their fake tickets and debt instruments whilst the host nations have nothing but a burned out husk of a nation left.

    Utterly transparent, but sadly no one wants to know.


  18. I’ve been thinking for a while that Greece will be deemed to have the wrong sort of government and so needs a regime change. Tick. Another one down.


  19. Please review below-mentioned website, many thanks, Lee. Veterans TodayLee E WantaBureau Chief / EditorA-1010, Vienna, Austria – EuropaAvailable at Amazon : WANTA! Black Swan, White Hat From: The Slog. To: Sent: Friday, June 26, 2015 6:14 AM Subject: [New post] THE MISSING PIECES IN THE GREECE v TROIKA2 PUZZLE: A FINAL ANALYSIS….. #yiv9391583086 a:hover {color:red;}#yiv9391583086 a {text-decoration:none;color:#0088cc;}#yiv9391583086 a.yiv9391583086primaryactionlink:link, #yiv9391583086 a.yiv9391583086primaryactionlink:visited {background-color:#2585B2;color:#fff;}#yiv9391583086 a.yiv9391583086primaryactionlink:hover, #yiv9391583086 a.yiv9391583086primaryactionlink:active {background-color:#11729E;color:#fff;}#yiv9391583086 | John Ward posted: “…..of the Final SolutionWell, The Slog’s informants (all two of them) were on the money (or lack of it) in predicting Troika2 would reject the latest ‘big move’ red-line crossing by the Greek government. The situation since that time has been confus” | |


  20. @JB
    I don’t think for one second they’re deluded – it is THEY who have been attempting (and sadly succeeding in many cases) to delude the rest of us. It used to be called ‘pulling the wool over our eyes’.


  21. I am waiting for the adversaries of the west to play the 9/11 trump card…until then I trust none of them!


  22. Syriza by entering and continuing the doomed “negotiations” abides to the international standards and democratic ethics i.e. dialogue. It is the other parties that cannot hide their true intentions and raw brutality. These are the ones responsible for the looming disaster. Greed, usury and lust for power and control are as ancient as Greece and even older. We are now facing a global system collapse, Greece is just a potential trigger, and we need to reset as our level of technology is evil enough to wipe us from the planet. If I am not mistaken, there are 10,000 nukes plus a mountain of quadrillion usd debt around, all complex and fragile to control. Unless we do something about it, we are heading for a disaster, sooner or later.
    Thanks John for your support, you are a ray of light in these dark times.


  23. O/T. The humourless git, Professor Michael Arthur, President of UCL, should be sacked forthwith and reinstated when HE has won a Nobel prize.


  24. You make a good argument and very well might be right. Since I’m not privy to the meetings all I can do is agree with you that the EU does not seem concerned with a Grexit which could have something to do with your insights…….. however I think they are just tired of the Greeks and want them to drift off into the Aegean Sea. Time will tell which one of us is right.


  25. Pingback: The Coming Referendum Fix | Frank Davis

  26. Syriza should have flatly refused to enter into negotiations at the outset. Hindsight is of course a marvellous but impractical thing….unless we learn the lesson.

    Very poetic JW … WTF we are allowing Cameron to talk to the EU / EZ as we know for sure we will have been sold out a ittle bit more. Cameron is working on ensuring an EU referendum yes vote no matter how much Greece burns whereas me I only ask one thing of Europe as a start to staying in.

    What he is asking for is totally irrelevant, treaty changes are rubbish, it really is the one thing that matters …

    A proper set of books to be provided annually and failure to do so the UK should walk because with no proper set of books a system is open to fraud and corruption … and what do we have? Would never have guessed that would you!

    Will Cameron achieve this … not a chance so the UK will be subject to yet more EU fraud and corruption.


  27. @Ghost

    It is not necessary to think only in the terms of dollars it is the concept of an unbacked fiat currency where you can print as much value as you like and in effect buy anything. Then you collapse the value having purchased all you want from a creation of wealth that never in fact existed.

    Produce enough gold ETF’s (fiat once more) on a scale vastly more than there is real gold then you can control the price through manipulation of the bits of paper. This point many people do not even start to understand.

    That is the WMD wall street is now wielding and it can be used to destroy nations.


  28. Cameldung is america’s little poodle.

    He is demanding “EU Reforms” , which will achieve everything mentiontioned in Mr.Wards excellent analysis above. America’s absolute domination over the EU.

    If you want to understand who controls america, simply look at the the american elite who created, funded and armed the nazi’s (3rd reich not the fourth reich).

    These same family clans STILL run america.

    Those interested should look up names like Harriman Bank, Ford, IBM, Dupont, etc. etc.

    For fecksake. Their army wears german helmets, their police (and ours) wear black SS uniforms. What does it take for people to see what is glaringly obvious ?

    800,000 germans resisted the nazi’s, Hundreds of thousands of them were murdered in nazi camps.

    Our societies are being re-organised along the principles of the nazi slave labour/death camps. Decent wages, job security, welfare, free healthcare,human rights, an independant judiciary, the rule of civilised, justly administered laws, healthy food, freedom and independance DO NOT exist anymore except as a pretence or to protect our “special deal, safe have wahhabi terrorist (sponsored by Saudi Arabia/Quatar) pals.

    As a HERO of the current global regime once said –

    “Fascism should more appropriately be called Corporatism
    because it is a merger of state and corporate power”

    Benito Mussolini Italian dictator, and leader of the fascist Movement
    Lived: 1883-1945

    (It was actually Italian philosopher Giovanni Gentile who wrote the
    entry in the Encyclopedia Italiana Mussolini, however, affixed his name
    to the entry, and claimed credit for it.)

    Or another great man who said –

    “The more we do it to you, the less you believe we are doing it.”

    Jsef Mengele.

    Plenty of lamp-posts and no shortage of rope.


  29. Hi JW, I hope you are right but I am not confident. I guess the referendum will clarify. If I was a betting man my money is on acceptance and the end of Syriza. All the best


  30. Maxter, I’d completely forgotten Putin has that card up his sleeve! Paul Craig Roberts has figured it out, & he’s starting to get an education re the Global Warming/Climate Change scam. How did you find that book?
    John Doran.


  31. JW without a doubt the best quotation yet, this sums it up all over the western world and our dilemma, and to repeat this gem of wisdom distilled out of years of observation:

    ‘They’re the new Nazis, stoopid. There is no reasoning with them’.


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