Clarke and Dawe, two Australian comedians, perform the sketch “Lending merry-go-round”. This great piece of satire, even though (sadly enough) much of it is true, tries to explain that if Greece is up the economic downfall river without a paddle, the rest of the European Union is too.
“Why are people selling the European currency and buying the US Dollar?”“Because the US economy is so much stronger than the European economy.”
“Why is that Roger?”
“Because it’s owned by China!”
Aussie humor is brilliant! Also make sure to check out Ronnie Johns’ spoof of former Australian mafia henchman Chopper Reid presenting the weather [
As was first documented by investigative reporter Greg Palast, what is happening in Greece is a familiar blueprint for how the IMF and World Bank habitually pillage and take over national countries and their economies.
Palast uncovered World Bank documents explaining how the IMF and World Bank deliberately fan the flames of violence and social unrest by raising prices on food, oil and the cost of living, causing riots which then lead to a virtual collapse of society which they then swoop in to exploit.
“The IMF riot is painfully predictable,” Palast quotes former World Bank chief Joe Stiglitz. When a nation is, “down and out, [the IMF] takes advantage and squeezes the last pound of blood out of them. They turn up the heat until, finally, the whole cauldron blows up,” as when the IMF eliminated food and fuel subsidies for the poor in Indonesia in 1998.
Palast uncovered how the riots were “written into the plan” by the IMF and World Bank and that “social unrest” was required to cause a financial panic, allowing for global corporations to then be able to buy up infrastructure on the cheap.
“The IMF riots (and by riots I mean peaceful demonstrations dispersed by bullets, tanks and teargas) cause new panicked flights of capital and government bankruptcies,” writes Palast. “This economic arson has it’s bright side – for foreign corporations, who can then pick off remaining assets, such as the odd mining concession or port, at fire sale prices.”
It is just like John Pilger described in his book The New Rulers of the World when he described the situation in Indonesia. The take-over of Europe’s assests has begun starting with Iceland then Greece, two geographical corners of Europe, a tactic that is starting to look like a ‘Pincer’ move.
Even today, while the Dutch government needs to realize cutbacks of at least €30 billion, they approved a loan to Greece for €4,7 billion. The European Union is not and never has been a financially safe solution for countries. Elitist have always known this, in my honest opinion, knowning that counties’ economies would crumble and become ripe for the picking.
I am curious to find out how this will develop and if a continent of independant and sovreign states will rise once again in Europe ending the Euro.
