The transfer of control over Greek historical sites from Greeks to private carpet-baggers is, one might say, the final curtain coming down on the tragedy that began with an alleged ‘debt-crisis’ in Greece during 2010. In fact, not only do very few humans grasp what the vassalisation of Greece was really about; equally sparse among the Human Race is the awareness of a much bigger process unfolding. The Greek punishment is merely one symptom of a developing global cancer.
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The real story of Greek implosion, and the process it reflects
The trouble with most Europeans and Americans is that they never know anywhere near enough about the real history that precedes events like the descent of Greece from fully operating nation of welcoming people, great holidays, ancient archaeology and cool lifestyle into one with a puppet government (ruled from Brussels-am-Berlin) helpless to stop the decline in population and living standards.
They do not even begin to grasp how the corruption of a small political class (aided and abetted by the ECB and Goldman Sachs) and a vengefully hypocritical European Commission brought it all about. They haven’t a clue about the criminal nature of how Mario Draghi forced Tsipras to obey Brussels, and ignore the Greek popular vote. They’ve never heard of Yanis Stournaras at the Greek central bank, and his role in feeding Draghi the information he needed to pull the plug on Greek liquidity. They haven’t seen people foraging in litter bins, or watched desperate unemployed youth shooting-up in the deserted doorways of what was once the thriving wholesale food district in Athens, now destroyed by every kind of carpetbagger.
This, I keep on saying, is why the Remaindeer herd is still numerous in the UK – because they don’t get out enough. Ironically, they are the Little Englanders who have never lived in the eurozone. And of course, with most of the Left segment of this group devoid of even a scintilla of commercial or financial knowledge, they know even less of the maths relating to what the Western MSM are still calling ‘the Greek bailout’.
So let me have this last chance to give them the Mirror headlines. When a new Greek government (social democrat, not Rightist Nia Demokrita) came to power in 2009 and discovered the hidden debt, they told Brussels. Brussels forbade a Greek election to make this clear to the People. Instead, Wall Street vulture funds pushed up the price of Greek borrowing to turn a €165bn debt into €210bn. Borrowers rushed to sell their bonds to such vultures at 20 cents on the euro (and less) and then formed a Troika with Brussels and the IMF to lend them even more money and demand the debt back.
Athens begged Berlin to release them from a €150bn submarine contract pushed at them by NATO in the first place. Berlin refused….and went on (as the biggest shareholder in the ECB) to make nearly €160 million euros clear profit on the still further lending to a country everyone knew would be better off defaulting and leaving the euro.
But that would’ve created a eurozone banking crisis, and the three-headed Eurogroupe monster wasn’t having that. The Dutch stringbean Jeroan Dijesslbleom later admitted that the entire charade was entered into to save eurozone and US banks.
There was no Greek bailout: every penny went to giving vulture funds a thumping profit on the discounted bonds they had bought, and thence the ECB shareholders. The original slimeballs who lied about the debt (and their accomplices at Goldman Sachs) got away Scott free….and indeed prospered. The People of Greece (who had nothing whatever to do with it) paid for it in high taxes, lost jobs, a broken economy, and vaourised dignity.
That is the real story of how the banking, globalist and political élites ground the Greek population into the dust. Because that is what the unelected élites have done, are still doing and will continue to do: enrich themselves at the expense of everyone else, and then blame the dysfunctional economies that result on taxes that “are too high”. Especially on them.
So just who are these people?
The Giga-Rich
The latest US tax returns published by the IRS show that 85% of the increased wealth in the US last year (2017) went to the 10% most rich households. Uh huh, you think, c’mon – we see far more obscene data than that. However, of the top 10% lucky folks, just one in a thousand got super-lucky, because over 85% of the new money went only to them. (The Top 4.9% had to make do with just 14% of it, poor dears).
I am not making a political point here – I really am not. I am making two economic points: first, clearly the wealth still isn’t trickling down. We’ve been waiting some 38 years, but that downward flow is drier than a place in Arizona where even the town’s oldest timer has never seen rain. And second, almost the entire amount of it is going to one household in 10,000. That’s about 5,200 homes.
There are 535 Congressmen in America, 50 State Governors, and somewhere in the region of 3,600 investment bankers. There are roughly 1,200 directors on the boards of the Dow Top 100 companies. And there are 585 billionaires in the US.
This leaves 770 super-rich Americans homeless. In fact, given you’d expect most of the super-rich to have at least two homes, that’s nearly 4,000 homeless. OMG. Does Trump know? Is he doing something about it – and if not, why not?
Correct, I’m being silly: but with these people, what else is there to be except silly?
Except I’m not being entirely flippant. Because one thing these and other data suggest very strongly is that we need a definition beyond super-rich. For they are the Giga-Rich, and they can buy anything they want.
Consider this: when all other forms of recorded financial asset are taken out of the equation – and here we’re almost at the very tip of the US wealth pyramid – there’s still sixteen trillion dollars without a definition. What is it – cash in mattresses? Stamp collections? Nobody knows: but one thing we do know – that’s a lot of ‘Others’. To be more exact, it’s the total of all property wealth held by everyone in the United States of America.
That’s how rich the Giga-Rich are: their peripheral miscellany odds-and-sods box of small change could buy every fucking house in the US.
And so it really is very, very, very silly indeed for an adult human being with an IQ in double figures to suggest that there isn’t an active process in the US and elsewhere whereby people with this much money can buy Presidents, Prime Ministers, entire governments, small countries and oceans under the ice. For these people, buying off a Defence Committee, a Culture & Media Minister, a Mayor of London, a Russian mafia boss, a capital City police force, an intelligence agency, a farming sector, a Chemical weapons facility or a senior diplomatic level here and there is rarely difficult if their small change is worth wealth beyond the dreams of Soros to the recipients.
And never forget: it is not enough for these people to be Giga-rich: they want you to be Deepdirt-poor.
The Giga-Rich at work globally
Let us not demonise the American 1% alone. There are others in the Middle East, Russia, the EU, London, China, Australia and Colombia with the same power. And while (as I’ve suggested many times before) I have no truck with the Bilderberg Elders of Zion in the Middle Earth nutjob fraternity, obviously from time to time groups of the Giga-Rich do without doubt confer with others of similar bent to variously promote, sabotage, accelerate, stop and if necessary kill people, rain forests and causes in their way.
In twenty months flat, Emmanuel Macron emerged from what was then Parti Socialiste obscurity to form the En Marche movement, organise a structure, create an election bandwagon, and win the 2017 Presidential run-off with a staggering 66% of the votes cast. Although he claims to be a ‘Centriste’, Macron’s Presidency has from Day 1 been hallmarked deeply with unalloyed neoliberal economic “reform” (another recently redefined term) and neocon foreign policy aligned with NATO and the gratuitous bombing of Syria. He is also a hegemony blocquiste par excellence: virulently hard anti-Brexit and anti Orbanic Hungary.
I lived in Paris during the months of his ascent to power. The French media – TV stations, magazines, supplements and newspapers – front-covered him day after day after day. Ordinary Parisians dubbed him “Napoleon” – half in fear, half in jest. He is obviously a very capable man; equally obviously, he is a stooge.
Where did his money come from, and who backed him? Well, suffice to say he is an ENAC graduate and senior Rothschild Banker. And during May 2017, the so-called Macron Leaks took place. Those media controlled by his backers studiously ignored the scoop: but contrary to the image put about by his publicists that the money all came from popular donations, it was obvious the funds were primarily sourced from a powerful network of bankers, financiers and businessmen.
The Giga-Rich.
You will note that, in the Middle East, Macron (like the British élite and the late Senator McCain) has only ever supported those causes and sects acceptable to the Saudis. He also (like the British) adopts the full on blind-eye-to-the-telescope on Islam, promoting the loopy Islamophobia agenda. He has ordered the settling of 36,000 largely Islamic illegal immigrants in the St Denis area of Paris: he does not dare to deport them for the same reason Britain’s security services claim there are 56,000 Jihadists in the UK who are “difficult to find”, and our media persist in referring to Islamic atrocities as “Asian”. For the Saudis are major clients of the US, French and British arms industries.
More Giga-Rich.
Now Marine Le Pen – Macron’s opponent in the Presidential run-off – has been ordered by a Court to undergo psychiatric investigation before her trial on charges of inciting racial violence and hatred. She is a right-wing Anti-Islamic Conservative with whom I have little sympathy. But free speech would be an expensive thing to lose.
But hey – judges are ten a penny when you’re Giga-Rich. And Macron – the Power Bloc bully who insists on No Brexit without UK Humiliation – last week said “all EU member States who refuse to accept their migrant quotas will be punished”. That policy has, under the Lisbon Treaty, nothing to do with Emannuel Macron: it is a matter for MEPs an the European Commission. However, that isn’t the way either the EU or the Giga-Rich work: what they want, they get – and not just in France.
The top echelons of London’s Metropolitan Police Force have for many years now been cooperating covertly with Russian oligarchs trading futures and commodities in the London market. The Met ignores obvious Russian hacking in return for regular seminars, briefings and tips about other forms of cyber crime and how to train bright cops to spot them.
The Met was also in bed for many years with Rupert Murdoch’s Newscorp, which heavily influenced the notorious behaviour of Boris Johnson in trying to strangle the phone hacking enquiry….and the scant trials of Newscorp henchmen plus flight from justice of James Murdoch, the Digger’s son. The subsequent prosecutions of two senior executives were an insult to citizen intelligence and the Rule of Law.
During the Skripals nerve-agents Affair that led directly to the bombing of Assad forces in Syria, the police on five separate occasions gave briefings to the British media that contained falsehoods, and over time gave conflicting theories to explain the inexplicable. Chemical Weapons scientists at the nearby Porton Down establishment, and medical staff at Salisbury hospital, at first denied Government versions of events, and were then made subject to D-Notices. The UK media complied in full, and continue to trot out ridiculous assumptions as fact….including the name of the nerve agent itself.
Media moguls and cyber barons. More Giga-Rich. Bung a judge to say he can’t find the victim’s relatives? Child’s play. Peanuts.
The Giga-Rich and State organs pauperising the population
Observe the steady progress of China in buying every leader, country, industry and energy source that it can in Africa. See how the Australian mining, brewing and gambling sectors Down Under stop each and every attempt to control social and ecological problems there. Look at how Bloomberg poured money into a European slush-fund to stop Brexit. Wait a little longer on Venezuela: see what happens. You can bet your last buck that, once collapse there is total, the first ones in from outside will be the metallurgists and mining experts….because Venezuela is incredibly rich in unexploited rare earth millions and diamonds.
But we haven’t even arrived at the State organisations that operate among the 0.1% yet – sometimes getting their cooperation in return for favours, at other times using them as suppliers of weapons, software, science developments, merceneries, surveillance gadgets, undercover exploration and safe harbours for spies working under cover.
This nation-State apparatus knows perfectly well that the game plan in the long term is the sort of global corporate might that would banish those nations to history….and all our Citizen Rights along with them. Soros the Mad is convinced that the way to end war forever is World government. He just doesn’t say where it’s going to be headquartered….or what the role of those unfortunate enough to live under it might be.
But those employed by that apparatus – in one form or another – are civil servants: unelected, and never slow to award themselves more of something in the way of pay, pensions and then later, non-exec directorships of Big Business – where they happily rub shoulders with the Giga-Rich. Statehood means little or nothing to many of them, and they tend to be dismissive of both democracy (“slows everything down”) and free speech (“gets in the way”). Senior EU officials give themselves away, for example, by referring to referendum and general election verdicts as “mistakes” to be corrected by destabilising the resultant Government, and/or calling for second chances. They don’t lose sleep about it: by and large, they despise The People.
This makes them ideally cooperative fodder for a huge range of the commercial concerns who want everything privatised, in order to make them The Client (not the citizens) and then make the shareholder Giga-Rich richer still, and the citizenry poorer.
There is no shortage of examples that can be brought to bear as obvious evidence of this accelerating coup d’état process:
- Macron in France is pushing very hard for automatic removal of due taxes from private bank accounts – so-called prélèvement à source. It’s in trials at the moment, and is to be introduced in January 2019. He could eschew this route in favour of making globalist businesses cough up their fair share. Instead, he chooses to milk all those artisans who (he knows) don’t declare their full incomes. Because he was put in place by globalist banking. And, be in no doubt, because it establishes a precedent next time his own stupid profession screws up.
- After the 2008/9 financial mess, the UK – an economy vastly overdependent on financial services – spent a whopping £780bn bailing out the British banking system – almost exactly the same as the US, which has an economy nearly seven times bigger than ours. This Labour government doubled the national debt by doing so, and was followed by a Conservative Government whose representatives of the Giga-rich casually announced that ‘next time’ the bailout process would be rendered more efficient by simply leaving bank customers to face their deposits and current account balances going direct to the creditors of a failed bank.
- Lobbying of Congress by the US banking community after 2009 succeeded in either unravelling or diluting all the proposed and actual legislation put in place to avoid Crash2.
- Despite all the untapped wealth being acquired by the 0.1%, UK female pensioners have seen their pensions embezzled and called “no longer affordable”. The average tax rate paid by globalists euroheadquartered in Britain is 8.9%. For the citizens, it is 17.8%.
- In India, the PM Narendra Modi’s administration has raised “foreign direct investment” in the Indian economy and increased spending on “the infrastructure”. In fact, Modi has dived willingly into US-model neoliberal policies: the price paid for foreign investments has been massively reduced spending on healthcare and social welfare programmes, and only that infrastructure that benefits Big Business has gone forward. As ever, the citizen has come a very, very poor last….closely followed by the ecology of this hugely polluted country.
The Bottom Line
Whatever your own personal concern or loss – arrival of a pension, job security, interest on investments, money to cushion the blow of disablement, being defrauded by a bank as a small business, loss of cultural traditions following immigration, the dilution of Brexit, new laws endangering dissidence, the twisting of linguistic terms, the BBC’s loss of objectivity, pc intolerance, regulation of internet reporting or just plain anger at social unfairness – it is a mistake to see this as (a) a random syndrome that just happens to have hit you (b) something caused by capitalism or (c) a global conspiracy by Jews, Russians, Africans, Masons or any other cultivated bogeymen.
It is, more simply, a global fact that those grown Giga-rich and powerful to form a variety of élites have similar tendencies ranging from obsessive sociopathy to out and out megalomania. Some have grown rich on the back of our taxes, and have formed rogue state-within-State influences that are out of control. Others have done so by financialising capitalism or monopolising energy…others still by military, media and geopolitical guile.
At different times they employ different strategies to favour their own tribe. But all of them have objectives in common. These are to crush creative competition with monied process, to destroy the concepts of national and community culture, and to smother any rebellion or dissent at any time by those they regard as the üntermenschen….that is, the 97% of us who simply want to be left alone, asking only that Government serves We The People.
Enjoy what’s left of the weekend, and thank you for preservering with these 3,000 words.
Wow, what an informative and enlightening article. Thank you. I came across your blogs via my interest in the embezzlement of women’s state pensions here in Britain. I was initially perplexed how the Govt. could do this and also how they are getting away with it. The penny dropped one day that it is indicative of a bigger picture which is the privatisation of everything.You have so eloquently described this and for me anyway explained what has happened to Greece. I have visited Rhodes once which was beautiful and the history of the place made me wonder why one of the ancient democracies and leading countries in the world had becomes so poor. I guess Macron et al want Britain to go the same way after Brexit. Well, let’s hope the British people are victorious again over Napoleon.
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Late to the party, JAW. Best summation of the Greek debt-slavery-neocolonialization-process I have seen.
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I recall reading (from Michael Hudson I think) that Obama and Giethner were also amongst those demanding that Greece be forced to ‘stay and pay’ instead of being allowed to leave the Euro and help her people. This was to safeguard the profits of those inveterate gamblers on Wall Street who had been betting on national debts just as they had been previously on toxic mortgage loans.
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Dean Henderson, author of the GR.ca article below now has this website:
http://www.hendersonlefthook.wordpress.com/about/
He’s pretty far down the rabbit hole, but not as far as Middle Earth, yet.
John Doran.
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The Giga-Rich, naming names. 8 families, 60 families?
http://www.globalresearch.ca/the-federal-reserve-cartel-the-eight-families/25080
John Doran
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Very good post. I wonder where RSA fits in as they are another Venezuela in the making. Funnily enough the current president and I both worked in the mining industry at the same time, over 30 years ago now. He has made a great deal of money on the back of empowerment deals, funny how none of that wealth, transferred for the white elite to create a new black elite, never trickled down either. What a surprise.
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Excellent John, thanks.
The Giga-Rich’ mechanisms of domination:
http://www.journals.plos.org/plosone/article?id=10.1371/journal.pone.0025995#pone.0025995.s001
Bottom line:
Study reveals a core group of 147 multinational corporations control 40% of global value of multinationals’ business, through interlocking shareholdings & directorships.
Study focused on 43,060 TNCs (Transnational Corporations), from a baseline of of 30 million ‘economic actors (businesses).
Look for table, S1 page 17,
75% of core 147 are Banks, Insurance Cos etc: they make nothing, they move paper.
Top 50 include:
1) Barclays
18) Goldman Sachs
26) Lloyds
50) China Petrochemical Group.
John Doran.
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Just a quick amplification of Rhys point about mutuals and Banks.
Many times I hear folk complaining about banks and fat cats and rip off britian then I ask who they bank with and 9/10 its one of the big banks. Then i ask who their utilites providers are and its BT and British gas….say no more.
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Great article which sums up the global Plutocracy we live under.
Plutocracy=
a state or society governed by the wealthy.
•an elite or ruling class whose power derives from their wealth.
I’m not being sarcastic here but 3/4 of this article could have been written by George Monbiot-before he sold his soul to the Guardian alt-state.
The mega/giga rich use debt loans to countries, individuals and states involving illegal or deceptive practices.
A few years ago there was a campaign called ‘Dont owe, wont pay’ When unjust economic, political, or social conditions compels debtors to go into debt-to service interest repayments for example, if injustice is pervasive, then all or most debts are illegitimate. The laws are massively biased in favor of creditors.
When money creation by banks is ubiquitious, where money is created as debt, where its 97% digitised and not based on physical assets there is a strong case for a massive debt nullification reset.
In laymans terms if debt can be created out of nothing why cant it be ‘magiced away’ into nothing? Ive no heard of a decent counter argument to the logic of this argument-a global reset.
The creditor class and the plutocracy would never allow it-in fact they wouldnt even allow the idea to be grow in any influential institution.
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have you seen this
http://alturl.com/ooa6t
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Yes sir. For what it s worth , my humble uptick.
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see also franco-british council … laughingly known as a charity
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Another view would hold that the influx of thousands/millions of Islamist’s in Europe is all contrived for someones Agenda.
What better way to instigate repressive laws, even martial law at some point in the future.
The security services and MIC do like their money after all
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surely it’s percyveered, just don’t look write??
A classic John – brought together in this way it looks obvious doesn’t it – yet even some in the labour party want the ‘democracy’ of a second eu referendum … tralala
whilst in hospital the first time i got chatting to a bloke, a farmer, about 70 years old who had been in and out of hospital/surgery since march this year. he was in accident on a country lane, driving home when his little jeep was crushed by two french military police driving at speed on the wrong side of the road – he has spent a lot of time waiting on his insurance company to get any answers from the french military – i think he is suing them – he’s had major surgery having been smashed to bits himself. what were french military police doing driving on the wrong side of the road at speed in an english country road??????? – not far from sas hq??????
some of us know about the anglo-french accord although it has never been debated in parliament – just what is this all about????? is britain today no longer a ‘sovereign’ nation either????
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A few simple lessons:
1) Do not keep cash deposits in anything but mutual organisations with prudent lending policies. They still exist.
2) Invest in cash-generative property: 5% is easily achievable using an agent to collect rents. Reinvest income in other productive assets.
3) Limit your current account to £5000 in readies, keeping credit cards and debit cards available. If you only really keep such cash as is necessary to pay off credit+debit transactions each month, your downside risk is minimal.
4) Retain at least three different sources of free credit.
Do not expose yourself to Macron/May banking theft. If everyone shifts out of banks into mutuals, there is nothing for Macron to rob.
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I agree. Where are the Bilderberg Elders of Zion in the Middle Earth nutjob fraternity?
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Oddjob said it all John and the justification of your views read like something I would have expected from Margaret Hodge.
Clinton qualifies for the White House but we will better that when William takes the Throne
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With the exception of the gratuitous & rather surreal insult, this comment has me baffled. Mind you, it popped up at 1.30 in the morning, and so was perhaps inspired by insomnia and a pint of brandy. JW
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Sociopaths often do not plan the consequences of their actions, they are merely immune to them.
@Mickey: Where do I send my cheque?
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Great article and every Greek, European, American et al should read it for the real truth of what is going on.
Dr David Hill
CEO, World Innovation Foundation
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Lord above John you’ve done three blogs in one with this, my hat is removed as I know how damn hard it is. There’s a new twist I’ve noticed that I’ve never seen anybody write about, bar you with Macron, is the political rise of “The Centrist”. These are the people who know on which side their bread is buttered and make the system work for the giga rich.
A good example of this in the UK is the FBPE brigade on Twitter. When they get properly organised democracy will be in for a kicking.
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As usual John you’ve hit the nail on the head again.
I can’t disagree with anything.
However, how about all of us on here forming a company to take advantage of this future.
Let’s open the very first VICTORY GIN factory.
Great idea eh?
Courage mon brave.
Mickey
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I like it! We could steal the old ‘Victory V’ jingle….”It’s Victory Gin weather again” JW
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Great one John. Don’t know how you do it day in and day out. I persevered! LOL.
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John ,on a popular phone in show in Ireland last week,a articulate Englishman informed the host,that Ireland was no longer a sovereign state .A fact that get past the slowest monkey in monkey high school .Joe duffy furious at the suggestion retorted with ,:do you hear me speaking German ,Im not speaking German am I.:thats it John ,thats the level of intelligence ,passion and courage ,in the Irish media ,in a country thats been kept alive ,only because they’ve donned the jackboot to kick anyone there masters tell them.
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There is a simple fact here you have omitted:
Washington runs the world, the Jews run Washington.
You seem completely blind to just how powerful the Jews are. What is it now? Out of the top 10 media outlets, 9 are run by Jews, and the tenth the second-in-command is Jewish.
I could go on but it’s not necessary, I think you know really, and you know if you start writing about them it will be the end of your blog.
I mean Palestine, what other nation could do to another nation, what Israel has done Palestine and not face world condemnation? The evidence is everywhere, but if you have your blind eye to the telescope you ain’t gonna see nuffin guv…
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Oddjob, you’ve been “telling” me this for years as if I didn’t know it. Of course they’re very powerful – they have a genius gene. They deny it because they know 50% of cultural hatred ( the Jews are NOT a race) is based on envy, the other 50% on fear. Of course Israel has too much power, and of course Netanyahu is an oafish jerk.
But answer me this: how many innocent worshippers have been killed by Jews? How many holocausts have been perpetrated by the Jews? How much Jewish Giga-Wealth is tied to active capitalist financialisation? Why has there never been a Jew in the White House? If Israel is so imperialist, why is it the smallest dot on the Middle East map? The Jew Disraeli was the first pol to point out their wealth hypocrisy to the Victorians. Not a single rich Jew is recorded as elbowing onto the Titanic’s lifeboats. The founder of Macy’s & his wife stayed together & drowned.
In the end, what you DO with power is the judgement criterion. A lot of Jewish money has been poured into Israel, but remarkably little of it to support Netanyahu. Most of that is CIA. And trust me my friend, the CIA is non-kosher & strictly for the Goyim.
The world needs Jewish intelligence in the arts, science, philanthropy and show business. The one Jew we’d be better off without is George Soros, and he’s a very sad psychopath who betrayed his own people in the Nazi ghettoes. JW
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great work JW.. thanks .. looks like germany is getting its come uppance re Greece.. with the euro about to devalue.. I imagine they may be the first to leave the EU and go back to the mark..
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well worth the 3,000 words
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On Greece it is much worse. It started when EU authorities, I have no names, in about 2004, for purposes of the risk weighted capital requirements for banks, assigned to Greece a 0% risk weight… which of course doomed it to excessive public debt.
http://teawithft.blogspot.com/2018/09/in-case-of-greece-eu-violated.html
On your Giga-Rich what would the story be if you assume what really happens with the income of the wealthy… namely that most of it is immediately redistributed to the real economy by means of acquiring assets.
http://perkurowski.blogspot.com/2018/04/since-you-dont-eat-gold-bars.html
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Mr Ward, I’m sure you have, but if not take a look
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Another great article Mr Ward. You have been in top form recently.
The only thing I probably disagree with is that the Giga-Rich are not working in concert, although they are a competitive bunch between themselves. These are our true masters, they have their hands glued to the levers of power.
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