2011-05-27

Debtocracy

”De senaste 40 åren har två partier och tre politikerfamiljer tillsammans med vissa affärsintressen lett landet till konkurs. De förklarade suspendering av åtagande till folket för att rädda deras långivare.

Efter årtionden av permanent åtstramning deklarerade de ekonomiska härskarna grekland som den lokala finansiella stormakten. ”

Y Papantoniou – fd finansminster:
"Vårt arbete har varit enastående, vi var först med att lösa de ekonomiska problemen."

N Christodoulakis - fd finansminster:
”Ännu en gång, vår ekonomi är vår främsta tillgång.”

Y Papantoniou – fd finansminster:
”Vår ekonomi har gått framåt och gått från gärdsgårdserien till första divisionen.”

När deras sufflé föll ihop lät det annorlunda, då blev folket ansvariga för misslyckandet. De hade någon sorts genetiskt fel och hade varit ekonomiskt ansvarslösa och satt de ekonomiska vetbästarna på pottkanten och underminerat deras idoga och altruistiska arbete för en bättre värld.

For the first time in Greece a documentary produced by the audience. “Debtocracy” seeks the causes of the debt crisis and proposes solutions, hidden by the government and the corporate media.

Debtocracy International Version by BitsnBytes






Europe’s Quest for Monetary Stability: Central Banking Gone Astray
by Jörg Bibow August 2005
Abstract
This paper provides an overview of central banking arrangements in those European countries that have adopted the euro. Issues addressed include the structure of the — Eurosystem“ and its central banking functions, the kind of independence granted to the system and the role of monetary policy that central bankers have adopted for themselves, the — two-pillar policy framework,“ operating procedures, and actual performance since the euro‘s launch in 1999. The analysis concludes that, given the current macroeconomic policy regime, trends, and practices, the euro is on track for failure.



Breakup of the euro? Is Iceland’s rejection of financial bullying a model for Greece and Ireland?
By Michael Hudson

“Politics is being financialized while economies are being privatized. The financial strategy was to remove economic planning from democratically elected representatives, centralizing it in the hands of financial managers. What Benito Mussolini called “corporatism” in the 1920s (to give it its polite name) is now being achieved by Europe’s large banks and financial institutions – ironically (but I suppose inevitably) under the euphemism of “free market economics.”

Language is adopting itself to reflect the economic and political transformation (surrender?) now underway. Central bank “independence” was euphemized as the “hallmark of democracy,” not the victory of financial oligarchy.





“The power of the nonviolent march is indeed a mystery. It is always surprising that a few hundred Negroes marching can produce such a reaction across the nation. When marches are carefully organized around well-defined issues, they represent the power which Victor Hugo phrased as the most powerful force in the world, “an idea whose time has come.”… When the idea is a sound one, the cause a just one, and the demonstration a righteous one, change will be forthcoming. But if any of these conditions are not present, the power for change is missing also.”
M L King

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