The Watchdog

Keeping citizens in the loop



The Persian king who marched in 490BC on Athens with a massive army of 200,000 infantry and 10,000 cavalry couldn’t believe his luck. There were only 10,000 Hoplites defending the Greek city state and its treasures on foot.

The archers were ordered to soften up the Hoplites. But arrows had hardly started to rain down, when the Hoplites began to sprint across the plain of Marathon. They ran 1,500 metres so fast that the Persians were unable to regroup on time and the archers were cut down. About 6,400 Persians were killed but only 192 Greeks in a victory which ensured that the survival of the world’s first democratic state, Athens.

The EU/IMF and bankers must be in a state of equal  shock today as they survey the scale of the defeat they have just suffered at the hands of the Greek people and parliament. The opposition has massed so quickly, the banksters could never have predicted such a defeat which throws into turmoil their plans to impose not only on Greece but on other eurozone countries a crushing financial authoritarian regime in preparation for merging the eurozone and dollar zone under a new one world IMF/SDR currency and a new one world  government.

The banker’s Satrap, American-born Greek Prime Minister Giorgos Papandreou faced an angry rebellion from his own party, PASOK, when he appealed to them yesterday in parliament to support legislation due to be voted on this month on a €28 billion austerity package mandated by the EU and IMF.

Two PASOK lawmakers resigned over plans to slash 150,000 jobs from the public sector and sell off government assets to foreign companies at rock bottom prices. PASOK controls just 155 seats in the 300-member parliament.

Papandreou further incensed lawmakers when he went on to suggest that a technocratic authoritarian ruler should take over the government to push through the punitive IMF and EU fiscal measures.

Facing so many angry lawmakers in his own party, Papandreou scrambled and made a cloak and dagger offer to the leader of the main opposition party New Democracy, Antonis Samaras, to form a “unity government” to push through fiscal austerity – only to be rebuffed.

Outside the parliament, tens of thousands of people from all walks of life and of all ages gathered in the Syntagma Square to protest peacefully the way the IMF and EU austerity package was impoverishing the country.

Within the space of just twenty days, a protest movement by ordinary citizens called the Outraged or Indignatos has swelled to the point where it has the power to block the next round of legislation needed for the looting of Greece by the EU. IMF and ECB.

Not even the violence by a fringe group,  agents provocateurs and riot police firing tear gas canisters could stop the ordinary people from assembling to give voice to their demand for a return to a competent government for the people.

Economists including Germany’s Hans Werner Sinn say that Greece will be far better off if it defaults on its unsustainable mountain of national debt, reintroduces the Drachma and devalues its currency.

Not only will Greece recover its economic future, it will also regain its political sovereignty if it returns to the Drachma. Greece is a de facto vassal state of the IMF and EU at the moment with the parliament given only choice to rubber stamp – agree to more fiscal austerity for the profit of the banksters or else.

The truth is Greece does not need the euro, at all. It is the ECB, EU and IMF need Greece to loot as part of a public sector Ponzi Scheme run by the banks as described by Mario Blejer.

A default by Greece will be far worse for the ECB than for Greece, which can move rapidly to nationalise its banks and reintroduce the Drachma, insulating it from the worst effects of a monstrous and fracturing eurozone.

Greece will needs some time to recover from the financial assault it has suffered at the hands of the ECB and bankers. But the country is rich in natural resources, in history and beauty and will surely soon prosper under good leadership.

And as Papandreou loses his grip on government, a genuine political debate and genuine political choices are once more possible .

Papandreou has called a vote of confidence in his leadership on Sunday in an attempt to quell the growing turmoil within his party, but there is uncertainty about whether he will win it. Local analysts say he is on his “last legs.”

Pressure is also mounting on his Finance Minister, George Papaconstantinou to quit. Papaconstantinou attended the Bilderberg meeting in Switzerland last week together with bankers from Goldman Sachs, Deutsche Bank and Raiffeisen Bank.

But the bankers and ECB, EU and IMF must be upset not only by what is happening in Greece.

Their plans suffered another blow when the Irish Finance Minister Michael Noonan said that he favoured imposing haircuts on senior bondholders.

In addition, the German government, which is facing an increasingly angry electorate, refused to back down from its demand that private creditors are involved in any new Greek bankster bailout, putting it at loggerheads with the ECB and the French.

Unable to find any ground for an agreement, the German government wants the deadline to hammer out a second Greek bankster bailout to be put back to September.

The German Constitutional Court is set to rule on the no bail out clause in  autumn.

Yesterday was not just  a tremendous victory for the people of Greece and the Greek parliament against the financial oligarchy. It was a victory for all people in Europe and the world who value freedom, democracy, human dignity and who oppose the authoritarian banker’s agenda.


June 16, 2011 - Posted by | Fighting corruption internationally, Internationally significant information, Jane Burgermeister Report

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