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..there was an element of hypocrisy..being leveled at
Greece by France and Germany. It's hypocritical to ignore the fact that a not
insignificant amount was spent on buying [expensive]
weapon systems from EU members Germany and France.
Helena Smith, TheGuardian, April 19, 2012
EU bankers have framed the Greek crisis as that of a
spendthrift nation whose profligate pensions are the primary reason for its
bankruptcy. There's another reason, however, i.e. Greece's bloated military
budget-a budget which primarily benefits its EU and NATO allies.
As a proportion of GDP, now-bankrupt Greece spends twice
as much as any other EU member on defense. On June 15, 2015, The Financial Times noted: One
of the oddities of Greece's bailout programme has been that, despite five
years of punishing austerity, its military budget remains amongst the highest
in the EU.as of 2013 Greece was still spending more as a percentage of gross
domestic product than any other NATO ally save the US or Britain.
NATO spending requirements mean that it is required to
invest more than 2 percent of GDP in its armed forces. Greece, Britain, the
US and Estonia were the only NATO members to meet this commitment last year.
http://www.macropolis.gr/?i=portal.en.the-agora.2645
Greek efforts to reduce military spending in the face of
impending bankruptcy have met with intractable resistance from the defense
industry, its NATO allies and the bankers themselves. In January 2015, when
Alex Tsipras' Syriza Party took power, DefenseNews.com wrote:
Experts have warned Greece's new, radical left wing
government not to make further cuts to the country's defense budget.
On June 30th as Greece moved closer towards
default, Reuters reported: NATO head says Greece should not make cuts in
defense. NATO Secretary-General Jens Stoltenberg was not the only
one opposed to cutting Greece's military spending. The IMF was opposed as
well
On June 15th, Frankfuter
Allgemeine Sonntagszeitung. a German newspaper, reported European
Commission President Jean-Claude Junker had proposed allowing Greece to defer
400 million euros in pension cuts as long as it cut an equivalent amount
from its military budget-but Junker's proposal was vetoed by
the IMF.
Bankers use social welfare and military warfare spending as their
primary means to indebt sovereign states. In the end, taxpayers are left
holding the bag.Greece is not the exception. It's the rule.
SOVEREIGN STATES AND THE BANKERS' GREASE/ GREECE TRAP
The bankers' indebting of sovereign states is as lucrative as it is
purposive. In capitalist economies, 'money' is issued as credit by central
banks by which bankers indebt consumers, businesses and governments,
extracting profits from the constantly compounding interest attendant to
those debts.
In this highly profitable ponzi-scheme of credit and debt, social and
military spending by sovereign states are the bankers' main profit centers.
The interest from these ever increasing sovereign debts is the primary source
of the bankers' ill-gotten gains.
EXPLANATION: When kitchen wastewater [credit] flows through a
grease trap [banking system], the greaseand oils [profits] rise
[through economic activity: goods, services, military and social
spending, etc.] to the surfaceinside the trap [capital markets] and
are trapped using a system of baffles [capital gains, dividends, tax
loopholes, tax exemptions and avoidance, etc].
THE BANKERS' GREASE TRAP IS NOW PERMANENTLY BROKEN
In 1944, the US possessed the greatest amount of gold in history. Because
of the Bretton-Woods Agreement, America's gold anchored the US dollar and the
international monetary system. Soon, however, excessive US overseas military
spending would cost America its historic hoard of gold.
When President Nixon cut the ties between the US dollar and gold, the gold
obligations of the US were far greater than its ability to convert US dollars
held by foreign countries to gold. To prevent the loss of its remaining gold,
the US unilaterally ended the convertibility of the US dollar to gold in
1971.
By 1971, US gold holdings were actually negative-the US owed 38,879
tons of gold.
With the end of Bretton-Woods, gold reserves no longer limited the amount
of dollars the US could print; and, soon, the levels of money and credit
increased exponentially; and because money in capitalist economies is issued
in the form of credit, the excessive printing of money soon resulted in
excessive amounts of debt.
With gold no longer limiting the printing of money, aggregate levels of
debt increased far beyond the ability of sovereign states to pay. Today, the
insolvency of Greece is the beginning of a global tsunami of defaulting debt
that will end in the bankruptcies of sovereign states.
 
SOVEREIGN STATE BANKRUPTCIES: THE DOOR TO A BETTER TOMORROW
Greece represents only a very tiny fraction of an unprecedented global
debt bomb.there are 24 nations that are currently facing a full-blown debt
crisis, and there are 14 more that are rapidly heading toward one. -
Michael Snyder, Economic
Collapse blog, July 16, 2015
The significance of a Greek default is not merely the insolvency of a
peripheral southern European nation. According to Buckminster Fuller, the
bankruptcy of sovereign states is more importantly the pre-requisite for a
radical and unprecedented shift that will transform the planet Earth and
humanity itself.
In 1981, Buckminster Fuller said the world was on the verge of a universally-intended
crisis, a crisis which would transform our world-presently captive to
greedy bankers, politicians, lawyers and transnational corporations-into a
world of unprecedented cooperation and abundance. This revolutionary
change, Fuller said, would occur through the bankruptcy of sovereign states.
Very soon the nation-state sovereignities will have to be eliminated,
or humanity will perish.
Buckminster Fuller, Senate Foreign Relations Committee, May 22, 1975
Class-one evolution is about to put the USA out of business through
international bankruptcy.
Buckminster Fuller, Critical Path, 1981
. bankruptcy need not be the end. It is simply nature's way of ridding
the planet of the most powerful of yesterday's sovereignties and thereby
setting off a chain of 149 additional desovereignizations, altogether
removing the most stubborn barrier [sovereign states] to the free
circulation of the Earth's world around metals, foods, and income energy
supplies and people.
Buckminster Fuller, Critical Path, 1981
The problems that forced Greece into bankruptcy-excessive debt and
excessive military spending-will do the same to the US. The bankruptcy of the
US, however, will be far more consequential and catastrophic. Size matters.
The cost of military spending cannot be measured in just dollars. President
Dwight D. Eisenhower, President 1953-1961,Five-star US General and 1st
Supreme Commander of Allied Forces in Europe, addressed the significance of
military spending in his speech, Chance For
Peace:
Every gun that is made, every warship launched, every rocket fired
signifies, in the final sense, a theft from those who hunger and are not fed,
those who are cold and not clothed. This world in arms is not spending money
alone. It is spending the sweat of its laborers, the genius of its
scientists, the hopes of its children. This is not a way of life at all in
any true sense. Under the cloud of threatening war, it is humanity hanging
from a cross of iron.
The bankruptcy of sovereign states is the beginning of the end of the
present world of state terrorism, corporate oligarchy and debt slavery. The
bankruptcies have begun. Be thankful this is so.
THE GREEK CRISIS, THE PRICE OF GOLD AND THE BANKERS' END GAME
Monetary instability does not occur during normal cycles of economic
expansion and contraction. Monetary instability occurs only in periods of
severe systemic distress. Gold, being the monetary opposite of paper
currencies, reacts whenever monetary disequilibrium occurs for any reason,
whether inflation, deflation, runaway inflation or deflationary depression.
p. 128, Time of the Vulture,
3rd ed. 2012,
The Greek debt crisis is the biggest threat yet to the bankers'
ponzi-scheme of credit and debt and the bankers are prepared to do their
utmost to force gold and silver prices lower, to insure the Greek crisis does
not cause investors to flee paper assets, e.g. stock, bonds, etc. and instead
seek the safety and upside of precious metals.
As the Greek crisis unfolded, on July 8, 2015, Paul Craig Roberts and Dave
Kranzler wrote:Are
Big Banks Using Derivatives to Suppress Bullion Prices?
.During 2015 the attack on bullion prices has intensified, driving the
prices lower than they have been for years. During the first quarter of this
year there was a huge upward spike in the quantity of precious metal
derivatives.
.evidence of manipulation comes from the continuing fall in the prices
of gold and silver as set in paper future markets, although demand for the
physical metals continues to rise even to the point that the US Mint has run
out of silver coins to sell. Uncertainties arising from the Greek No vote
increase systemic uncertainty. The normal response would be rising, not
falling, bullion prices.
. seven years of bailing out the big banks that control the Federal
Reserve and US Treasury at the expense of the US economy has threatened the
US dollar to the extent that the dollar must be protected at all cost,
including US regulatory tolerance of illegal activity to suppress gold and
silver prices
As we move deeper into the bankers' end game, the bankers' downward
pressure on the price of gold is increasing. Gold's present (low) price of
$1,088 is an indication the bankers fear the next crisis could be their last.
ΕΊΜΑΣΤΕ ΌΛΟΙ ΈΛΛΗΝΕΣ
WE ARE ALL GREEKS
In my new Youtube video series, Moving
Through the Maelstrom, Episode 1, https://youtu.be/mICmFQEqtXo, I
answer a reader's/viewer's question on how to prepare for the collapse of the
bankers' ponzi-scheme.
Buy gold, buy silver, have faith.
Darryl Robert Schoon
www.drschoon.com
www.survivethecrisis.com
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