Have not checked the veracity of the claims in this article, but that the banks got bailed out by the taxpayers is clear.
Just which banks and who owns them is not something I’ve chased down. (But since this one has been aging a while, I’m not going to get to that step, so it’s going up ‘naked’ with just the lone link.) I think this might have come from tips, long ago, so if you put me onto it, h/t and stand up…
Who Got the Bail-outs Granted to Greece? The Name Is Rothschild
Posted on July 1, 2015 by Anders
For Greece, the membership of the Euro zone seems to be drawing to and end. If it does after the referendum on Sunday it would be a gain for Greece who would suddenly have the mechanisms to regulate its currency: 1) Interest rate increase and 2) devaluation. A big NO to the Euro is expected.
And at this point we know the people said they wanted a “No” and the money, but settled for just the money…
This will mean poverty – but what is going on so far is a cure that is worsening the disease: With every bail-out the country sinks deeper into the debt quagmire, and new austerity measures are placed upon a people already on the verge of revolution.
Oddly, it is impossible for me to find a list of Greece´s private creditors and their outstanding credits.
And who has benefited from the bail-outs? Rothschild´s banks – not least his Goldman Sachs – the scourge of the world.
Although being very similar to the black rider of the Apocalypse, Goldman Sachs CEO Blankfein (left) says: “I´m doing God´s work”, his God being Mammon/Rothschild. (Heinrich Heine: The god of our time is Mammon. And Rothschild is his prophet)
The Guardian 29 June 2015: Only 10% of the €240bn total bailout money Greece received in 2010 and 2012 found its way into the government’s coffers to soften the blow of the 2008 financial crash and fund reform programmes. Most of the money went to the banks that lent Greece funds before the crash.
Athens was forced to dramatically reduce its deficit by squeezing pensions and cutting the minimum wage.
That is a pattern that has become all too familiar in our “Too Big To Fail” post crash world. Now what I want to know is why the management of any bank getting bailout money is not walked out the door for having made such bad lending decisions that they put themselves on the dole? The BANK may be “to big to fail” but the management isn’t.
The other thing I’d like to know is why “too big to fail” is fixed via mergers when it ought to be fixed by breakup.
So I’d give this story zero credence had I seen management being told “No bonus for you this year” and perp-walked out the door; and the Big Banks being turned into a dozen Small Banks “Under New Management”… But when you see bonuses for bailouts on the Taxpayer’s Back, and mergers to the horizon, well, it just smells of “special favors”.
Now I’m generally an advocate of capitalism and free markets. In this case, I still am…
But what we have here is anything BUT capitalism. It is that peculiar type of Socialism called “Third Way Socialism” or “Market Socialism”, where the major enterprises are doing what the government wants, and in exchange bankruptcy does not happen. (Check it out, “avoidance of bankruptcy” is a tenet of Marxism.) Often called “Crony Capitalism”, it is on the hairy edge where markets give way to Central Planning and the corruption that comes with it. Now you can argue it either way. Socialism Lite with Markets, or Crony Capitalism with Central Planning. It is what it is, and what it is is evil.
In the end, the richest of the rich who own and manage banks (be they Rothchild or not) get the money and the taxpayer pays. IMHO, exactly wrong. The banks took the risk and made the loans, it ought to be their problem, not ours. Let the chips fall as needed.
Oh Well. We’ll see how long this works before the Grand Collapse. It is not a sustainable system. You would think they had learned that by now. Free markets are stable, but chaotic and cruel. Marxism and Managed Markets are smoother and fair; right up until the corruption and rot causes a catastrophic collapse. Pick your poison.
(Me? My favorite is a lightly regulated market as the USA had in about the ’50s to ’70s; but it seems to be unstable toward the Lange Type Socialism and Managed Market 3rd Way that we’re passing through now on our way to collapse…)
At least it will be interesting watching the race. Who collapses first? China? EU? USA? I think it will be in about that order, but not with enough certainty to bet on it…
All depends on who spends all the other guy’s money first, and which one notices the cookie jar is empty when… Southern EU States (can’t really call them Nations any more…) are in the lead, but Germany and the north might keep propping them up a lot longer. China is in freefall (having noticed that we can’t buy any of their stuff when they have collected all the chips…) but their government is puffing into the harpooned balloon with $Millions per day. And the USA is doing just fine, as long as you ignore our race to poverty and borrowing a couple of $Trillion per year to consume… from folks who may notice we can’t ever pay them back and have no intention of every doing so in real terms.
So place your bets on who smells the dead roses first, the wheel is about to spin…