Tag Archives: Grexit

Planned US Coup in Greece?

By Stephen Lendman
July 08, 2015
Global Research

 

alexis-tsiprasWashington’s geopolitical strategy when bullying fails is either assassinating independent leaders, color revolutions, military coups or naked aggression.

If Moscow-based independent investigative journalist John Helmer is right, Greek Prime Minister Alexis Tsipras is a marked man and SYRIZA governance on thin ice showing cracks:

 ”(a) putsch in Athens to save allied Greece from enemy Russia is in preparation by the US and Germany, with backing from the non-taxpayers of Greece  – the Greek oligarchs, Anglo-Greek shipowners, and the Greek Church.”

“At the highest and lowest level of Greek government, and from Thessaloniki to Milvorni, all Greeks understand what is happening. (Sunday) they voted overwhelmingly to resist.”

“According to a high political figure in Athens, a 40-year veteran, ‘what is actually happening is a slow process of regime change.’ “

Wherever neocon Assistant Secretary of State for European and Eurasian Affairs Victoria Nuland shows up (Hillary Clinton’s handpicked choice for the job), trouble usually follows.

Helmer says she’s “in charge of warmaking in Europe.” Her notorious involvement in Ukraine’s February 2014 coup is well documented.

According to Helmer, she gave Tsipras two ultimatums in Athens last March – surrender to Troika demands and remain allied with US-dominated NATO’s anti Russian agenda.”

Her spokeman Mark Toner said Washington is “focused on, frankly, the opposite (of Sunday’s referendum), which is finding a path forward that allows Greece to continue to make reforms (more austerity), return to growth (by letting Troika bandits rape its economy and population), and remain in the Eurozone.”

Since the 19th century, Greece had five military coups or attempted ones. Junta dictatorship ruled from 1967 – 1974. Another one can’t be ruled out.

Over five dozen former high-ranking military officials fired a shot across the bow declaring their “oath to the Fatherland and the Flag. By choosing isolation, we place the Fatherland and its future in danger,” they warned.

They publicly called for a “yes” vote ahead of Sunday’s referendum. Will not getting it mobilize them along with other Greek dark forces, Washington and Brussels to oust Tsipras forcibly or otherwise?

Grexit “will make our country weaker,” they claimed – even though Greeks weren’t asked about it and most oppose the idea. “We will lose allies that have stood by our side. We will lose the strength we gain from associations and groupings to which we belong historically and culturally,” the former military officials said.

Ties to Washington and Brussels run counter to what best serves long-suffering Greeks.

Will conditions be made worse than ever by greater austerity if coup rumblings become reality? Is this US/Eurogroup’s Plan B?

Helmer cited political sources in Athens saying Tsipras and other SYRIZA officials acted preemptively to prevent one – replacing military and intelligence leadership with their own “but not radically.”

Moscow remains skeptical about Tsipras withstanding Washington/Brussels pressure – especially given dominant Germany’s hardline position.

He faces enormous pressure. His six months in office shows he promises Greeks one thing and does another.

He agreed to nearly all Troika demands. Not good enough. They want total surrender. Germany’s Merkel and France’s Hollande told him to capitulate fully for further bailout aid.

Greek banks remain closed. They’re close to collapse. The ECB raised the amount of collateral they must post for further emergency loans.

Does Finance Minister Varoufakis’ resignation signal Tsipras’ capitulation to follow – negating popular opposition to austerity he pledged to support?

Hollande spoke for himself and Merkel saying Tsipras must “offer serious, credible proposals” for bailout help – code language for demanding unconditional surrender, a Greek Versailles.

He and new Finance Minister Euclid Tsakalotos are heading to Brussels for further talks. Hardline Troika officials intend cutting them no slack.

Will Tsipras cave to their demands and betray millions of Greeks in the process? Given his record so far in office, it’s hard imagining otherwise. Hopefully he’ll surprise but don’t bet on it.

Stephen Lendman lives in Chicago. He can be reached at lendmanstephen@sbcglobal.net.

His new book as editor and contributor is titled “Flashpoint in Ukraine: US Drive for Hegemony Risks WW III.”

http://www.claritypress.com/LendmanIII.html

Visit his blog site at sjlendman.blogspot.com.

Listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network.

It airs three times weekly: live on Sundays at 1PM Central time plus two prerecorded archived programs. 

Financial Bombshells: Greece and JPMorgan

By Bill Holter
July 02, 2015
Global Research

 

GRTV: Mutual Indebtedness: Euro Titanic has Hit the IcebergNot that almost any and all news today is enough to make you scratch your head, two pieces of news yesterday were bombshells!  I am talking about Greece’s stance of staying IN the Eurozone and the Zerohedge article regarding JPMorgan “cornering” the global commodity markets.

Let’s first start with Greece, who could have seen this one coming?  They are taking the stance “Greece and ONLY Greece” can decide if they leave the EU.  Greece Threatens ‘Unprecedented’ Injunction Against EU To Block Grexit  I believe this is correct, there is no law allowing the EU to kick someone out.  The only way an exit can occur is if a nation decides to leave.  This is incredibly interesting because Greece can default and put a moratorium on payments yet remain as a Euronation.  I guess you might call it “squatter’s rights”, they stay …but don’t pay.  Before going any further, I do understand Greece originally entered the EU “fraudulently” and with well cooked numbers.  As I understand it, “too bad so sad” it is water under the bridge, was not caught upon their entrance and cannot be used to negate their inclusion now.

What is extremely interesting is this: the Greek debt has already been largely offloaded onto the balance sheet of the ECB.  This was done to try to insulate private bank balance sheets from the risk of default and thus being underfunded.  But a fork in the road now exists, as I understand it, if Greece leaves then the debt goes back to the original banks who own the debt.  If Greece stays, the debt will stay on the ECB’s balance sheet.  Do you see the ramifications?  If Greece leaves, we have a banking failure through Europe ... but if they stay then the ECB eats the losses.  Thinking this through, if Greece stays they will effectively force a mass printing by the ECB to cover up the losses.  This will effectively dilute the euro and certainly hamper the ECB’s ability to function as they desire.

Call me crazy but I don’t think this is by any mistake at all.  This is a financial chess match where Mr. Tsipras/Varoufakis and Vladimir Putin are using great gamesmanship.  I believe it was decided Greece will stay, not pay ..and watch the ECB/Eurozone suffer with this.  Eventually Greece will leave but that will be AFTER the fire and AFTER the smoke clears.  I also believe a pipeline deal through Greece is a foregone conclusion and as this whole thing plays out, Europe will become “closer” to Russia, China, India and the BRICS  …which means what exactly?  They will be further away from the U.S.!!!  This is not rocket science, we are watching socialists who have legally hacked into one of the West’s “cars” … and have the ability to control it!  They can start it, stop it, make it go right, left or even just turn it off!  Maybe I am giving too much credit and this was just a coincidence, I highly doubt it!  To top this strategy off, I still believe we will be served a “truth bomb” by Mr. Putin which will effectively cut the dollar off at the knees!

The other head scratcher is the revelation JP Morgan has cornered the commodity markets

http://www.zerohedge.com/news/2015-06-29/jpm-just-cornered-commodity-derivative-market-and-time-we-have-proof .

Before starting on this one, let me say there are many moving parts and unknowns (probably designed this way).  I have queried my mentor and spoken with Jim, I have spoken to several others whom I respect and value their opinions.  Though the takeaway was by no means unanimous, the following is my personal opinion.

To set the stage, it must be understood the U.S. is at WAR, a financial war where the survival of the dollar is at stake.  We watched late last year and early this year where huge pressure was put on the price of oil.  This I believe was done to pressure Russia as energy is their biggest export.  Oddly enough, Russia and our “ally” Saudi Arabia just signed six deals last week.  We do not even know what these deals were but a good speculation is Saudi Arabia is moving toward Russia and away from the U.S..  Remember, the Saudis are the cornerstone underlying the petrodollar.  Gold and silver have also been pressured at every turn over the last four years and in particular the last 12 months.

I assume JP Morgan and the Fed are one and the same.  There have been stories JPM has amassed 350 or more ounces of silver.  We also know China/Russia/India have been huge buyers of gold.  We now know JPM has increased their derivatives by over $3 trillion in just one quarter.  It is obvious to me, they are the ones sitting on the paper prices of gold and silver.  This would make sense for the Fed to attack the metals and thus support the dollar.  In fact, standard procedure in any war is to strengthen your currency while weakening your opponents.  I believe the neocons know the bottom of our “gold barrel” is close at hand, they have decided to go all in on price suppression knowing full well “contracts were made to be broken” (defaulted on).

 

Bill Holter

Holter-Sinclair collaboration

Comments welcome!  bholter@hotmail.com