Economic Warfare: CITIZENS ARE THE COLLATERAL For International Bankers Debt

image: dailymail.co.uk

By:  Nick Russo     TheAnimatingContest.com     July 14, 2015

Bankers  vs.  The People

What we are seeing in Greece is the new world financial system in action.  Here is how it works.   Your country will accept increasingly burdensome debt from international banks which create the money out of nothing and charge rent for the privilege of being loaned to-called interest.  Your country will accept the burdensome debt because it can not service it’s existing debt and is facing a financial catastrophe and social unrest. This scenario always leads to real regime change-meaning someone loses power.  So, in order to kick the can down the road and maintain the power structure’s status quo, your country will be issued increasing amounts of debt to pay the international banks for previous debt owed-using additional debt to service existing debt.  All human beings with discernment know that using debt to pay debt is a recipe for disaster. But, the “disaster” is the desired scenario for the international bankers.  Through crises the international banks attain additional power and wealth.

Let’s look at how this disaster has resulted in the loss of Greek National Sovereignty and an increase in International Bank power and wealth.

The reality in Greece is that Goldman Sachs and other international banks, through financial trickery (i.e. off-balance sheet transactions, debt swaps etc.), made Greece’s financial health look better than it actually was so that the country would be accepted into the European Union.  Stated differently, the other members of the EU were intentionally deceived into accepting Greece into the union by international bankers making the country look financially more stable than she was in reality.  Then, by being accepted into the European Union, Greece “qualified” for additional loans issued by the same international banks.  These loans were used to service existing, unsustainable levels of debt owed to these same international banks.  As all of us know from our adult lives, when you are given loans you usually have to pledge some sort of collateral.  In this case the collateral pledged against the loans were Sovereign Assets (i.e. Greek Islands, ancient tourism sites, etc), sovereign control of Greece’s banking industry, and the earnings of the citizens (i.e. citizens abilities to pay future increased taxes).

Back to Greece.  When it became apparent to Greece’s national government that the country was in fact insolvent, the leadership went to the Troika and said in effect, “Greece can not pay its debts, we are insolvent.”  The Troika, consisting of the European Commission (composed of bureaucrats and bankers) , European Central Bank (a bank), and International Monetary Fund (a bank), did not want hear that they could not be paid and responded in effect, “we want our money.”  Then, the negotiation spectacle started with the Greek sovereign government saying we are not going to pay debt that is “odious and illegal”.  In an official study conducted by a Greek Debt Committee the sovereign government stated:

The research of the Committee presented in this preliminary report sheds light on the fact that the entire adjustment programme, to which Greece has been subjugated, was and remains a politically orientated programme.  (Acknowledging that this financial program forced onto Greece’s economy was in fact a political attack on the sovereignty of the nation-state by the Troika aka. international banks)

It has also come to the understanding of the Committee that the unsustainability of the Greek public debt was evident from the outset to the international creditors, the Greek authorities, and the corporate media. Yet, the Greek authorities, together with some other governments in the EU, conspired against the restructuring of public debt in 2010 in order to protect financial institutions. (Greek insolvency was apparent to the banks BEFORE loans were issued and these loans were issued for the purpose of BAILING OUT THE CREDITOR BANKS at the Public’s expense)

Bailout funds provided in both programmes of 2010 and 2012 have been externally managed through complicated schemes, preventing any fiscal autonomy. The use of the bailout money is strictly dictated by the creditors, and so, it is revealing that less than 10% of these funds have been destined to the government’s current expenditure. (demonstrates new loans were issued primarily to repay old loans owned by private financial institutions)

George Papandreou’s government helped to present the elements of a banking crisis as a sovereign debt crisis in 2009 by emphasizing and boosting the public deficit and debt. (Disguising a PRIVATE banking problem as a Sovereign debt crisis)

Evolution of Greek public debt during 2010-2015, concludes that the first loan agreement of 2010, aimed primarily to rescue the Greek and other European private banks, and to allow the banks to reduce their exposure to Greek government bonds.  (transferring PRIVATE debts to the PUBLIC arena)

The mechanisms disclose how the majority of borrowed funds were transferred directly to financial institutions. Rather than benefiting Greece, they have accelerated the privatization process, through the use of financial instruments.  (Financial institutions bailed out with the Public left holding the bill)

the Greek public debt as of June 2015 is unsustainable, since Greece is currently unable to service its debt without seriously impairing its capacity to fulfill its basic human rights obligations.  (states that the debts can not be paid without causing a legitimate humanitarian crisis-exactly what legal insolvency is designed to protect against-i.e. just as legal bankruptcy was created to keep people from starving to death or being jailed for insolvency)

Several legal arguments permit a State to unilaterally repudiate its illegal, odious, and illegitimate debt…such a unilateral act may be based on the following arguments: the bad faith of the creditors that pushed Greece to violate national law and international obligations related to human rights; coercion; unfair terms flagrantly violating Greek sovereignty and violating the Constitution; and finally, the right recognized in international law for a State to take countermeasures against illegal acts by its creditors , which purposefully damage its fiscal sovereignty, oblige it to assume odious, illegal and illegitimate debt, violate economic self-determination and fundamental human rights. (shows the legal precedents used in the past for Sovereign nations to repudiate debt)

Finally, states have the right to declare themselves unilaterally insolvent where the servicing of their debt is unsustainable, in which case they commit no wrongful act and hence bear no liability. (Sovereign Nations are just that-Sovereign and, therefore, have the final say in their countries financial affairs)

In response to the “negotiations”, the Troika put together their proposed solution to the Greek debt problem.  The solution was based on austerity for the public in the form of tax increases, retirement plan confiscations, “bail-ins” of individual bank accounts, etc.  In good faith, the Greek government said it would put the Troika’s plan to a referendum vote in the public arena to see if the People would agree to being subjected to the harsh policies in order to pay the banks.  A large majority of the People voted NO to the proposed policies and the plan was rejected.

The Troika’s response to the vote of sovereign citizens of Greece:  We will take it all anyway!

The Troika’s new plan introduced and rammed through Parliament is for Greece to hand over $50 Billion worth of Sovereign Assets and control over the remaining $120 Billion worth of personal and corporate deposits effectively resulting in the looting of the country’s strategic assets and the confiscation, through “bail-ins” of the remaining individual private wealth.  Bail-in’s as opposed to bail-outs are when bonds and private deposits of banks are reduced by a certain percentage to cover the shortfalls of private organizations.

What the world is in effect witnessing is the systematic take over of a Sovereign Nation by a group of Private International Banks.  This is how “global governance mechanisms” will be achieved.  

Sovereign nation-states will be forced into burdensome debt situations for the premeditated reason of Consolidating Sovereignty into Regional Governing Institutions such as the European Union.  Financially healthy nation-states within these Regional Institutions will be forced to subsidize the unstable nations just as Germany and France have been forced to subsidize Greece, thus weakening the “stable” nations.  Consequently, the creation of these regional trade arrangements (i.e. EU and TPP), is the mechanism by which ALL national sovereignty will be lost.  Once all nation-state sovereignty has been relinquished, the three to four regional blocs will be managed from the outside by a Global Governing Institution.

So, your country either becomes a debt slave to international banks or your country’s sovereignty and wealth is literally confiscated from its citizens. Either way there will be NO NATIONAL SOVEREIGNTY LEFT and you will have been conquered without the use of military force and with no shots fired.   

Welcome to the new age of Economic and Psychological Warfare that is coming to a country near you soon.

Economic Warfare: economic warfare or economic war is defined as an economic strategy based on the use of measures of which the primary effect is to weaken the economy of another state…economic warfare may reflect economic policy followed as a part of open or covert operations…Economic warfare aims to capture or otherwise control the supply of critical economic resources…Policies followed in economic warfare may include the capturing or control of enemy assets

Psychological Warfare: any action which is practiced mainly by psychological methods with the aim of evoking a planned psychological reaction in other people. This form of aggression is hard to defend against because no international court of justice is capable of protecting against psychological aggression since it cannot be legally adjudicated…