CRAIG ROBERTS | INFOWARS.COM | JANUARY
We will find out the answer to the question posed in the title in the outcome of
the contest between the new Greek government, formed by the political party
Syriza, and the ECB and the private banks, with whose interests the EU and
Washington align against Greece.
The Spartans, whose red cloaks and military prowess struck fear into the hearts
of both foreign invaders and Greek opponents in the city-states, are no more.
Athens itself is a ruin of its historical self. The Greeks, who were once to be
contended with, who were able with 300 Spartans, supplemented with a few
thousand Corinthians, Thebans, and other warriors, to stop a one hundred
thousand man Persian army at Thermopylae, with the final outcome being the
defeat of the Persian fleet in the Battle of Salamis and the defeat of the
Persian army in the Battle of Plataea, are no more.
The Greeks of history have become a people of legend. Not even the Romans were
able to conquer Persia, but little more than a handful of Greeks stopped the
attempted Persian conquest of Greece.
But the Greeks, despite their glorious history, could not stop their conquest by
the EU and a handful of German and Dutch banks. If the Greece of history still
existed, the EU and the private banks would be cowering in fear, because the EU
and the private banks have ruthlessly exploited the Greek people and represent
the same threat to Greek sovereignty as Persia did.
Greece, stripped of its independence by its EU membership and acceptance of the
euro as its currency, has lost is sovereignty. Without control over its own
money, Greece cannot finance itself. Greece must rely on private banks from
other countries. In the 21st century European private banks are not allowed to
lose money simply because they are incompetent and over-lent to EU member
countries. This is not considered to be the fault of the banks, but of the
borrower governments and populations.
According to reports, the American bankster firm, Goldman Sachs, sometimes known
as Gold Sacks, hid Greek debt from view in order that banks would extent more
credit to Greece, thus setting the Greek people up for looting.
The EU’s disingenuous argument is that this bankster trickery benefitted the
Greek people. The people enjoyed the resources from these loans. Therefore, the
Greek people must pay back the loans through reductions in old age pensions,
through unemployment, through lower wages, and through the sale of Greek
This is the austerity that has been imposed on ordinary Greek people by the EU
and Greece’s creditors.
Greece is prostrate. Greeks are actually committing suicide, because Greeks
cannot provide for themselves in the depressed conditions that the EU and the
private banks have created for them for no other reason than that the private
banks must not have to write down the loans.
So, one result from “democracy” in Greece is suicide. With enough democracy, we
can control world population and halt the destruction of nature’s capital. All
we have to do is to enable the banksters to loot the entire world.
What can Syriza do?
Without Spartans, very little.
The party’s intentions and that of its leaders are honest and deserve our
respect. Syriza is a people’s party, and that is what marks it for doom. The
voice of the people is no longer permitted to affect politics in the Western
world. The powerful rich interest groups that rule the West could not care less
about the people over whom they rule.
No sooner was Syriza in office than Bloomberg, a business news service, conveyed
to the new Greek Prime Minister, Alexis Tsipras, that Syriza needs to play by
the creditors’ rules.
Tsipras stated that the new Greek government does not intend a “catastrophic
clash” with its creditors, only an acceptable amelioration of the unreasonable
conditions imposed on Greece, in order that Greece can give some satisfaction to
its private bank creditors and also avoid social, political and economic
instability in Greece.
Against this reasonable statement, Bloomberg reports that the new Greek cabinet
contains communists who favor closer ties with Russia. To remind the newly
elected Greek government of the whip that is held over Greek financial markets,
Greek bond and stock prices were assaulted and driven down.
The warning from the EU and Wall Street is clear: Defy us and we will destroy
The punishment of the new Greek government was instant. This from Bloomberg:
“Greek stocks and bonds slumped for a third day, after new ministers said they
will cease the sale of some state assets and increase the minimum wage. Yields
on three-year bonds rose 2.66 percentage points to 16.69 percent. The benchmark
Athens General Index decreased 9.2 percent to its lowest level since 2012, led
by a collapse in the value of banks.”
Does Tsipras understand that Greek financial institutions will continue to be
punished if they stand behind his government? Bloomberg makes it clear: “Germany
warned the Mediterranean nation against abandoning prior agreements on aid,
after analysts said that setting Greece on a collision course with its European
peers might lead to its exit from the euro region.”
Statements of newly appointed ministers “imply confrontation and tense
negotiations in the near future,” Vangelis Karanikas, head of research at
Athens-based Euroxx Securities, wrote in a note to clients.”
What is Syriza’s “collusion course”? The new government wants to moderate the
agreements made by previous Greek governments that sold out the Greek people.
The new government wants to stop giving away at bargain prices Greek public
assets to clients of its creditors, and the new Greek government wants to raise
the Greek minimum wage so that the Greek people have enough bread and water on
which to live.
However, for the private bank creditors, for Merkel’s Germany that stands behind
the banks, for Washington which could care less about the Greeks, for the Greek
elites who see themselves as “part of Europe,” Syriza is something to be rid of.
And so the Greek bonds are attacked, the Greek stocks are attacked, threats are
issued that arouse fear in that part of the Greek population that is
propagandized into the belief that Greece must be part of the euro and the EU or
be bypassed by history.
What it boils down to is that the Greek people, like the Americans, are
insouciant. Only about 37% of the voters voted for Syriza. That is far more
votes than any rival party received, but it is not enough to show Washington,
the EU and creditors that Greeks stand behind their government.
Instead it shows that the new party had to form a government with another party
that money, perhaps, can buy off. It shows that Syriza can be demonized in the
Western media and presented to the Greek public as a threat to Greece.
The new government is aware of its weakness. The new prime minister says that he
does not want confrontation, but that the new government cannot continue the
kowtowing of previous Greek governments. A reasonable accommodation must be
Accommodation is unlikely to occur, because a reasonable accommodation is not
the desire of Washington, the EU, or of Greece’s creditors.
A purpose of the “Greek financial crisis” is to establish that EU members are
not sovereign countries and that banks that lend to these non-sovereign entities
are not responsible for any losses with regard to the loans. The population of
the indebted countries are the responsible parties. And these populations must
accept the reduction of their living standards in order to ensure that the banks
do not lose any money.
This is the “New Democracy.” It is a resurrection of the old feudal order. A few
super-rich aristocrats and everyone else serfs obliged to support the ruling
order. The looting that began in Greece has spread into Ukraine, and who knows
who is next?
With only 37% of the vote, does Syriza have the clout to stand up for Greece
against the looters?
Can Greece escape from a situation comparable to the European Dark Ages when
populations were ravaged by marauding raiders? Perhaps if Greece realigns with
Russia and gains financing from BRICS.
Paul Craig Roberts was Assistant Secretary
of the Treasury for Economic Policy and associate editor of the Wall Street
Journal. He was columnist for Business Week, Scripps Howard News Service, and
Creators Syndicate. He has had many university appointments. His internet
columns have attracted a worldwide following. His latest book, The
Failure of Laissez Faire Capitalism and Economic Dissolution of the West is