Monday, July 6, 2015

The real story behind Greece

Great, accurate analysis here. See it for the details. It runs through the 4 stages of how this happened. 1) It began with the financial crisis of '08, where banks sold houses to people they knew could not afford them, and bet that they wouldn't; 2) Banks insured that they would get bailed out at the people's expense by buying politicians; 3) The banks downgrade Greece's bonds making interest rates so high as to induce debt; 4) the banks punish the Greeks for being in debt the banks intentionally created, thereby inflicting austerity that only makes the situation worse. The goal: "A world owned by a handful of corporations and banks; a world that is full of obedient, powerless debt serfs." Oligarchy has arrived.

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