Dr James Manos (MD)

2010

THE GREEK & THE GLOBAL ECONOMIC CRISIS: CAUSES & SOLUTIONS

 

The cause of Greek and the global economic crisis is common. It is capitalism! The global economic crisis emerged 2 years ago, when banks and multinational Trusts in the USA and other countries invested in ‘toxic’ dangerous stocks and investments. Also, the American dream created factitious needs and people think that having their own house and car is enough to make them feel happy. The last 60 years people have been lured by these factitious stupid needs from the TV commercials and spots, cinema movies, magazines etc. Generally the capitalistic system wants people to work as slaves during their whole life in order to buy more and more goods in order to feel happy. Of course the profit goes to the multinational financial companies and rest Trusts.

The banks took advantages of this dream and gave reckless loans even to people that couldn’t afford to pay them. Many of them lost their jobs and couldn’t pay their loans, so the banks took back their house. The fact that people who took loans couldn’t pay them, had impact on many banks (even though they were the ones who gave loans at people with low credibility to pay them).

However, some American banks invested even against their investors and earned a lot of money from the economical crisis! Indeed many banks gave huge loans to companies and countries and next they invested that they will bankrupt! So the multinational financial Trust had high interest if their clients (countries, companies, people who took loans) bankrupted, because they invested on their bankruptcy!

It is outrageous that the time that most western economies were destroyed from the global economical crisis, having high debt and deficit rates, the big American banks did not seem to lose money! Contrary, the money that the USA president Obama gave to the banks, the car factories and other private multinational companies were used to offer huge bonus at the ‘golden boys’ of them, namely to ‘key’ superior employees such as vice presidents, managers etc. One of them admitted that he earned 9 million dollars from the crisis! It is said that the American banks Goldman Sachs and Lindman Brothers is manipulated the global financial crisis and earned money from it. Goldman Sachs also is said that it bought secretly part of the Greek debt some years ago, however it bought it very expensive (actually it is said that this bank bought part of the Greek debt in order the Greek government to show less debt in order to enter the Euro zone, namely the European countries that have Euro as common currency).

The USA and the European countries used tax payer’s money to fund banks and private companies to recover from the economic crisis. However, the global economic crisis was a plot from the banks, the international economical trusts and some millionaire investors in order to bankrupt all the western countries. But please notice the difference. The countries are bankrupted; however the big banks and the multinational companies earned money and used public funds to give bonus to their employees. It is said that investors such as George Soros plaid great role on the recent crisis.

Other people claim that the masons and also the (economical) Bilderberg club control the whole world. It is said that the former politician of the USA foreign office, Henry Kissinger, is member of the Bilderberg club. Kissinger is a Jew politician that a few decades ago plaid a great role on the manipulation of the world (especially at Latina America in which USA interfered and established dictatorships friendly to USA) and also he mentioned that Greece must be destroyed by destroying its traditions, its religions and its languages. And this happened with globalization and also with the recent economic crisis and the impending Greek bankruptcy.

After all it is not a coincidence that today globalization, which is created by capitalism, wants a global economy (which will favor only the multinational financial Trusts such as banks) with multinational and multiracial countries in which people will not only work like slaves, but also will not share any common between them such as religion, race and tradition...

However, at the recent global economical crisis it was outrageous how many humiliating newspaper articles and TV reports were written about Greece, especially from the Germans. We still forget that Germany slaughtered the whole world with Hitler in World War II and also the fact that in ancient years Germany was inhabited by barbarians. Also it is ridiculous for the Germans to blame the Greeks for corruption the time several German companies (such as Siemens) bribed governments in all over the world in order to buy their products (and also perhaps sold their products more expensive in order to gain money that was from the taxpayers of these countries).

USA and the UK can’t blame the Greeks. The USA the last years controls the world and has slaughtered many nations with its bombings (such as Iraq in 2002 and 1991, Afghanistan in 2001 and Serbia in 1998 and many other nations in the past such as Vietnam, Laos, Gamboge etc) and destroyed all Latin America by establishing dictatorships everywhere. Today USA uses the fear of terrorism in order to keep people away from taking part at demonstrations and also to keep them away from reacting to the fascistic measures such as CCT cameras everywhere.

Also the UK, as former Great Britain, slaughtered million of people at its colonies (however it is ironical that people from Britain’s colonies came to the UK as immigrants and are now the majority of the populations at cities such as London). Greece is indeed a corrupted country, however it was exploited by multinational economical Trusts, and now by the IMF (International Monetary Fund) which is actually USA’s organization. However we forget that western civilization was born in Greece and also that Greece fought and won nations that if she didn’t, they would have conquered Europe (such the Persians in ancient years and the Turks at the recent years).

Many people blame the Zionists Jews that manipulate the word, if we consider that the USA’s national and foreign policy the last 50 years it is said that it is manipulated by the Jewish Trust and today USA seems a puppet of Israel. USA launched the last wars (that we should better call attacks) in Iraq and Afghanistan in order to fulfill the Jews’ interests (such as the oils and the natural gas of the region and the opium in Afghanistan). Even today the USA can’t impose the Israel government to respect Palestinians and stop killing them (amongst them children), demolishing their houses and building Jewish settlements at Palestinian lands.

USA keeps calling the Palestinians ‘terrorists’ and not rebels as they truly are (the time Israel occupied their land). USA calls terrorist everyone that does not follow their interests. In the last bombing of Iraq by the USA (with the excuse of the Iraq’s nuclear weapons that were never found) USA made clear to all nations that ‘anyone who is not with us, is against us’. Also USA used the fact that some ‘terrorists’ destroyed the twin towers in new York in order to attack to Afghanistan, however there were information about this event many months ago from the American secret agents. It is strange how with a few airplane lessons the terrorists managed to fly and target a Booing airplane against the skyscrapers. Also it is said that the Jews had a holiday at 9/11 and that they weren’t killed at the event. About the ‘terrorist’ Osama Bin Laden it is said that he was secret agent of America. Indeed the Taliban rebels of Afghanistan were used by the USA against the Russians when they occupied Afghanistan. Also Sadam was secret agent of America as well and USA helped him and his political parte Bath to become a dictatorship.

One and a half year ago Israel attacked West Bank and slaughtered thousands of Palestinian citizens (amongst them children) and many were burned with the white phosphorus bombs. The new president Obama did not react to this, but continued his holidays. On summer of 2006 Israel bombed Lebanon and thousands of citizens were killed. USA did not react again. It is ridiculous that USA feels obligated to fulfill Israel’s interests.

Also USA’s now new target is Iran that is enemy of Israel. So many accuse the Jewish lobby in the USA that controls everything. USA is surely manipulated by the international economical Trusts. And USA controls today the world with its bombings, its blackmails and its secret agents. After all we should not forget that CIA and Mosad (USA’s and Israel’s secret agents) can kidnap whoever they wish wherever in the world and imprison him/her without any trial. A few years ago in Europe there were airplanes belonging to the CIA that kidnapped people that reacted to American fascism (even from Afghanistan many rebels were kidnapped and sent to the Cuba’s jails of Guantanamo without any trial and there they tortured them). Furthermore, all governments in the world (except Venezuela, Cuba, Iran, Russia, China and North Korea) have governments that are friendly to the USA and fulfill their interests (e.g. the let American companies to exploit their natural resources such as oil).

About the Greek crisis, it was all a set up. There are many other European countries with comparable to Greece debt and deficit; however they did not end up to bankruptcy. Greece sustained a huge attack from international speculators in which belong the houses that assess the economies of the countries (such as Moodies, Standard & Poor’s etc). These houses manipulate the global economy and decide which country will bankrupt or not. It is obvious that these houses play the USA’s interests.

It is outrageous that in a few months these houses degraded the credibility of countries such as Greece, and recently they degraded Portugal and Spain. The degrading of Greece’s credibility to pay its loans ended up to the huge raise of the ‘spreads’, so Greece was considered as a country with low credibility to pay its loans. So with a 10% interest Greece was impossible to borrow from the markets further loans. Greece, as a European Union member, and also member of the Euro group (European countries with Euros as common currency) asked the help of Europe.

The European countries initially hesitated to give cheap loans to Greece, however, when later the speculators degraded further Greece’s credibility to pay its loans, then there was a plan from Euro group and the International Monetary Fund (IMF) to give loans with low interest to Greece, in order to save its economy. By this way the Euro group actually saved Euro, because after Greece the speculators began to attack to other economies such as the ones of Spain, Portugal, Ireland and Italy. On the other hand, the one who is back from the IMF is actually USA. IMF and global bank actually rule the world today. And both are USA’s mechanisms of controlling global economy.

In the Greek crisis Germany plaid a dirty role. German counselor Angela Merckel initially refused to help Greece with loans. The official excuse was that Merckel did not want to use German tax payer’s money to save Greece, because she was afraid from the political cost of this. After all in 2 big German provinces there were elections that if her political party lose, then she would lose the majority at the parliament and could not pass the laws that she wanted to. Eventually she lost the elections.

However, apart from the political cost reasons, the real reason is that Germany earned from the fact that if the Euro currency was decreased against dollar and Germany could sell easy its goods and export them to countries such as USA. So Germany acted against the Euro group interests! Also the USA plaid a great role on the Greek crisis, by using its speculator mechanisms such as the IMF, the economy assessment houses and also manipulated articles and reports at international media that described Greece like Uganda.

The USA’s economy and generally capitalism is dying and the technical global economical crisis is a technical plot from the speculators and the multinational financial Trusts in order to earn money. However, USA’s economy has been almost destroyed and in a few years most western countries will end up to bankruptcy. Today the only one who wins from capitalism is China (and less India, Turkey and the Balkans – except Greece). Africa is said that is the next place after China where capitalists will find cheap labor hands.

It’s outrageous that capitalism, whose centers are New York and London’s city, favors China. However, capitalism means the maximum profit with the less cost. Everything today is manufactured in China. There the labor hands are so cheap that are paid with a dish of rice, without any kind of insurance or any kind of maximum working time regulation.

In Greece the IMF, that represents the USA’s interests, imposed this pore country to very hard measures such as increasing the taxes, decreasing the wages and the pensions, decreasing the lowest limit of the wages in private sector (that are the lowest in Europe, just 750 Euros!). Also the IMF imposed Greece to sell public national companies (such as power station and national railway) to private investors. Furthermore, Greece was imposed to accept that the companies from now on can easy fire an employee, without giving a full compensation the time they are firing him/her. Also another measure is that part time jobs (with low salaries) and elastic working time will replace the 8 hour full time job.

Analyzing these measurements, we notice that these are common in most western capitalistic countries (after all, all western countries are capitalistic). The wages and pensions are lowered, however the huge profits of the companies and their ‘golden boys’ employees hasn’t lowered. But someone may claim that most factories and companies in Europe and USA have closed (firing millions of employees) and opened departments in China in which the Chinese labor hands are so cheap that work for many hours (more than 8) without insurance and with wage a dish of rice!

Furthermore, selling national interest public companies to private investors is catastrophic, because these companies (such as power station, railway, airplane transportation, telephone communication etc) have huge political and financial interests for the countries and also all the money will now go to private section, namely to the ‘golden boys’ and their multinational companies.

IMF is actually an organization that gives loans imposes very hard measures on the poor countries with high debts, in order to ensure that the countries that gave the loans will receive their money back. However with the hard measures that IMF imposes to the countries that cooperate with IMF, these countries are condemned with very low development, high rates of poverty and high unemployment for many decades (until they pay back their debts).

Stelios Kouloglou, a great Greek journalist (that was fired from the national Greek TV because he revealed the huge corruption in Greece) in a recent documentary revealed that USA used and uses ‘economy hitmen’ who are USAs secret agents whose purpose is to destroy the economy of poor countries and blackmail their presidents/ prime minister to accept the ‘help’ of the IMF or the world bank (and, thus, accept their countries to being ruled by the USA). The outrageous fact, that Kouloglou revealed, was that some presidents in Latin America (such as the president of Panama) that refused the cooperation with the USA were killed under mysterious circumstances at airplane ‘accidents’. Further information for kouloglou you can find at http://en.wikipedia.org/wiki/Stelios_Kouloglou

http://www.rwf.gr/index.php?lang1=english

http://www.youtube.com/watch?v=vw1T2wFx6RE http://www.hitmanapology.com/en

A great problem is that full time 8 hour job has been vanished and replaced by part time jobs that are paid less and the working hours are elastic, namely people work a few days weekly (paid of course less), or work over timing (of course not being paid for their extra working hours). So many things that workers succeeded with their blood the last century (with strikes such as the one in 1st May at Chicago and also with several other strikes), such as 8 working hours daily, today do not exist! The only interest that the governments favor today is the interests of the multinational companies and generally the capitalists’ interests.

Companies today also have the power to fire more employees than they could fire in the past and also without paying them a full compensation the time they are fired. After all for the companies in western countries it is easier to close, fire all their employees and open in a country (such as Balkans, Turkey, China, India, Africa) where labor hands are very cheap and labor units do not exist!

In conclusion, capitalism is the system that does not favor the governments, but only the private multinational companies and their ‘golden boys’. Furthermore, countries today do not exploit their national sources (such as minerals, oil, gas, uranium etc), but prefer to buy these cheaper from other countries that created a cartel to exploit them (for example the oil is exploited by Arabic countries and the USA that manipulate its price globally; natural gas is exploited by Russia etc). Today the IMF and the global Bank, and USA which is back of them, control global economy and have condemned many nations to starvations.

Capitalism is something like a hungry snake that eventually turns and eats its self! It is self destructive. Eventually, all the western economies will be destroyed. The only economy that will win from capitalism is China, which by the way is a fascistic country that has nothing to do with the communistic nation that Mao created. Unemployment is western country will increase and we will see the ridiculous phenomenon of millions of people with 1 or more degrees to fail finding a job fitting to their studies, but instead finding a part time job with a low salary such as selling sandwiches or cleaning toilets.

It is also weird why in capitalistic western countries people study for many years (and take a big loan in order to pay their studies) have many degrees (such as bachelor, master and doctorate PhD) and everyone tries to find an office post, rather than a labor job. Today in western countries rarely someone does a labor work. Most prefer to study something and chose the easy way of an office job. For the labor jobs are used usually immigrants; however they are exploited by the companies and factories. However, in western societies office posts and generally non labor posts, in which well educated people can apply, are just a few. So a large proportion of the educated population will not find a job according to their education. So the next solution is to immigrate, or to work on a part time job such as cleaning toilets or selling sandwiches.

Indeed today capitalism makes citizens of western countries to immigrate to other western countries such as their fathers and grandparents did many years ago. Namely capitalism offers only poverty. The profit is only for the big financial Trusts (such as the multinational companies, the oil companies, the weapon and craft suppliers for the army etc) and their ‘golden boys’ (the superior stuff). After all, people in western countries today are so happy with their life that most people today are alcoholics (especially in North Europe and North America) and many use drugs in order to forget their miserable life. That is because people today work many hours (but are not paid for the extra working hours) like slaves or work a part time job for a few hours. In any occasion, they are not paid well. Also all their money go to taxes, insurance, bills (power, mobile, gas, oil, water, council) and factitious needs that TV commercials advertise (such as buying a new plasma TV or the new i - phone). Even pensioners today receive a low pension and it is also ridiculous to wait until 67 and 70 years old to take a (low) pension (many will die until then, because the average life expectance does not mean that all will reach it).

For the labor jobs the companies in western countries use cheap solutions such as hiring immigrants from other countries in order to pay them less. After all uncontrolled immigration in western countries was also a huge plot and was managed by the multinational companies and rest capitalists in order to find cheap labor hands that often work overtime, without being paid for their extra hours, and also often working without contract and without any insurance. And if someone complains or doesn’t work like a slave they just fire him. Often the immigrants do not even pay the tax that they ought to. Many work illegally.

So capitalism as a system has totally failed. It ruined the countries. The capitalistic governments did not mind to exploit their national sources, but their only target was to fulfill the interests of the multinational financial Trusts. The fact that governments did not exploit their national sources led them to high rates of national deficit and debt. Capitalism also had a bad impact on people’s quality of life.

In all capitalistic countries the 1/3 of people are on starvation. The other 1/3 will soon end up to starvation. The rest 1/3 of the population has no problem today. However, in a few years only the 2/10 of the people will not have problem. The rest 8/10 will starve. Furthermore, capitalism has ruined our planet and overly exploited earths’ sources (it is said that in 40 years oil will be vanished).

In conclusion capitalism destroyed the word. However, there are 2 systems that we can consider as alternative political – financial systems and surely they are superior to capitalism. The first system is direct democracy with the way it worked in ancient Athens the 5th century B.C., at the golden century of Pericles.

Direct democracy means that people rule the country themselves and take directly part at any decision of the nation. They participate at civilian councils and their vote counts directly on each decision. Of course the people elect representatives, however their representatives do not create a dictatorship as in modern ‘democracy’ in which the politicians are manipulated by financial Trusts. Today’s democracies have nothing to do with real democracy! At the Athenian democracy all citizens vote count.

Furthermore the rich are imposed to pay their tax (and by that way helping the poor) and are obligated to sponsor variable activities and constructions. Today, internet and computers help enormously the idea of direct democracy and (if we find a way to fight hackers that manipulate internet) people can decide and rule their government online on their lap top. However, to my mind it is better people to gather and have conversation about variable topics and decide for them after discussion, rather than clicking a ‘yes’ or ‘no’ on their computer. Suburban councils offer a better chance for discussion than internet.

Of course all the population will take part on the decisions; however the main condition for direct democracy is citizens to have a high level of education (meaning a spherical holistic general education and not the today overspecialization and general knowledge that we soon forget, that the system offers today in order to have less educated citizens). Direct democracy seems an ideal system and in that system people enjoy the goods of the nation. There are some similarities with socialism; however social – economical ranks remain in direct democracy.

On the other hand, the other system is socialism. However, we speak about real socialism of Marx and not the dictatorships that were ruled by tyrants such as Stalin and Tsauseskou. In socialism the goods and the means of productions (e.g. the factories) belong to the government, namely to the people! Everyone has a job that the government is obligated to find. All have a room to stay. So we speak about zero unemployment and also a state with no homeless people.

Also education and health system are free and everyone have access to them. Socialism seems ideal system, however initially do not expect that the salaries will be high and also that you will stay to a big apartment with a plasma TV! However, if the government exploits the national sources of the country and makes factories for people to work then the government will be richer and will offer to its citizens better conditions of life. After all, in socialism the goods belong to the people and the funds do not go to private companies and their ‘golden boys’ but to the people. In socialism social – economical ranks do not exist. All are equal. The problem is if people today are ready for this equality, because manipulation and exploitation is in our DNA.

A big shortcoming of socialism is that in this system the lazy employee and the hard worker are paid the same and also they aren’t assessed for their efficiency and productivity. This of course must change and people should be paid according to their productivity and assessed for it. Otherwise the efficiency and productivity decrease. Dealing with this shortcoming socialism seems an ideal system, such as direct democracy.

NOTE

The writer in order to support his notions in many issues over exaggerates. This text is subjective and contains the personal opinions of the author which the viewers aren’t obligated to accept. Much information mentioned is taken from media reports, and their reliability cannot be completely assessed. The viewers of this article are requested not accept a priory any information and opinion written in this text if first they don’t ascertain it from reliable recourses such as newspaper articles, books, TV and web reports etc.

For the reason that is mentioned above, the writer has published the text ‘STEREOTYPES, BIAS AND GENERALIZATION’ (you can find on the same site) in order to show that things aren’t black or white.