Here in Argentina, when we watch the terrible things that
are happening today in Greece, we can only exclaim, “Hey!! That’s
exactly what happened in Argentina in 2001 and 2002…!”
A decade ago,
Argentina too went through a systemic Sovereign Public Debt collapse
resulting in social turmoil, worker hardship, rioting and street fights
with the police.
Some months before Argentina exploded,
then-President Fernando de la Rúa – forced to resign at the height of
the 2001 crisis – had called back as finance minister the notorious
pro-banker, Trilateral Commission member and Rockefeller/Soros/Rhodes
protégée Domingo Cavallo.
Cavallo was the gruesome architect of
Argentina’s political and economic capitulation to the US and UK when he
was President Carlos Menem’s foreign minister and economy minister in
the ’90s.
Menem and Cavallo are primarily responsible for
Argentina’s signing of a formal Treaty of Capitulation with the UK/US
after the 1982 Falklands War, opening up our economy to unrestricted
privatization, deregulation and grossly excessive US
Dollar-indebtedness, almost tripling our sovereign debt in a few short
years (see my February 11, 2012 article British Laughter in the Falklands).
The
Plan? Prepare Argentina for planned weakening, bankster take-over and
collapse, so that a new weakening-takeover-collapse cycle could begin.
In 2001, Cavallo was back to finish his work…
During that very
hot summer in December 2001, true to its Latin temperament, Argentina
even had four (yes, 4!) presidents in just one week. One of them,
Adolfo Rodriguez Sáa, who only lasted three days, at least did one thing
right, even if he did it the wrong way: he declared Argentina’s default
on its sovereign debt.
All hell broke loose! The international
bankers and IMF did everything they could to break Argentina’s back;
global media pundits predicted all kinds of impending catastrophes. Debt
default meant Argentina would have to weather the pain and agony alone,
being cast out by the “international financial community”.
‘You’re not the boss of me!’
But
no matter how bad it got, it would always be better to do that without
the bankers, without the IMF’s, European Central Bank’s, US Fed’s and US
Treasury’s “help”. Better to sort out your mess on your own, than to
have parasitic banker vultures carving out their pound of flesh from
your nation’s decaying social and economic body.
And how bad did
it get in 2002? A 40 per cent drop in GDP; 30 per cent unemployment; 50
per cent of the population fell below the poverty line; dramatic, almost
overnight, devaluation against the US Dollar from 1 peso per dollar to 4
pesos per dollar (then it tapered down to 3 pesos per dollar); if you
had a US dollar Bank account, the government forced you to change it
into pesos at the rate of 1.40 pesos per dollar.
What did
Argentina’s government do wrong? In the months leading to collapse it
bowed to all the bankers and IMF-mandated measures and “recipes”, which
were actually the very cause of collapse: Argentina was loaned far more
than it could pay back…. And the banker knew it! This was described in
our December 19, 2011 article, Argentina: Tango Lessons.
Successive
governments since then have continued to be functional to banker
interests by rolling over debt 30 to 40 years, aggregating huge interest
and in 2006 paying the full debt to the IMF – almost US$10 billion in
full, cash and in US dollars (sole entity given most-favoured creditor
status).
Same vultures circling Greece
Today,
Greece is confronted with a similarly tough decision. Either it keeps
its sovereignty, or it capitulates to the “Vulture Troika” – the
European Central Bank, European Commission and International Monetary
Fund – who work for the Bankers, not the People.
Not surprisingly,
today we find that Greece too has a Trilateral Commission
Rockefeller/Rothschild man at the helm: Lucas Papademos who is doing the
same things Argentina did in 2001/2.
Argentina not only
suffered Cavallo, but President De la Rúa himself was co-founder of the
local Global Power Masters lobby, CARI – Argentine International
Relations Council – local branch of the New York-based Council on
Foreign Relations, networking with the Trilateral Commission /
Bilderberg mafia.
Greece today should do what Argentina did a
decade ago: better to endure pain and hardship, and sort out the mess
made by your politicians in connivance with international bankers on
your own, wielding whatever shred of sovereignty you still have than
allowing the Banker Vultures sitting in Frankfurt, New York and London
decide your future.
It’s the Neocolonial Private Power Domination Model, stupid!
Or
do you think it’s just bad luck, bad judgment and coincidence that
countries – Greece, Argentina, Spain, Italy, Portugal, Brazil, Mexico,
Iceland, Ireland, Russia, Malaysia, Ukraine, Indonesia, South Korea,
Thailand, France, even the US and UK – always borrow too much from the
bankers and then “discover” that they cannot pay it back and that,
symmetrically, the same bankers – CitiCorp, HSBC, Deutsche, Commerz,
BNP, Goldman Sachs, Bank of America, JPMorganChase, BBVA lend too much
to countries and then “discover” they cannot collect?
No! That is
the very yellow-brick road that leads to the Emerald City of “debt
restructuring”, “debt refinancing”, and “sovereign debt bond mega-swaps”
that snowball sovereign debt, spreading it over 20, 40 or more years
into the future. That guarantees unimaginably colossal interest profits
for the Mega-Bankers and for all those nice politicians, media players,
traders and brokers, without whom that would not be possible.
This
is a Model. It must keep rolling and rolling and rolling… As this
Monster Machine steams forwards, it completely tramples on, overruns,
destroys, flattens and obliterates people, jobs, workers, health
services, pensions, education, national security and just about
everything human on its path. Run by parasitic usurer technocrats, it
does not care what it destroys because it has no ethics; no Christian,
Muslim or Buddhist morals. It only worships a greedy golden idol of
money, money and more money. This is 21st-century Money Power Slavery.
Three
generations of Argentines saw hopes dashed and dreams thwarted by this
Monster Machine, suffering the hardship, woes and humiliations that come
when countries give up sovereignty.
Bring back the drach!
So,
Greece: Just default on your “sovereign debt”! Just revert to the
drachma! Just say “No, thanks!” to the German bankers and the Troika
Vultures.
Please, Greece: just say “No!” to your Trilateral Commission president!
You
will be setting a strong precedent for your European neighbours. Like
Spain, which is hurting so badly right now for similar reasons. Like
Italy, with its Trilateral Commission Prime Minister Mario Monti (also
Trilateral’s European Chairman!).
Greece, the Cradle of
Democracy, can teach the world a lesson in True Democracy by kicking
these parasites out of the country, which will hopefully trigger kicking
them out of Europe and one day, kicking them out of the global economy.
Because what Greece and Argentina and Italy and Spain suffer
today is not True Democracy, but rather a distorted bastard imitation
that systematically yields control to the Global Power Masters at the
Trilateral Commission, Bilderberg and Mega-Banking Overworld. They run
the whole “democracy show”, whereby all countries end up having “the
best democracy that money can buy”… which is no democracy at all…
The
Money Power juggernaut is steaming full speed towards us all. If
Greece falls, who’ll be next? Spain? Italy? Portugal? Argentina (yet
again!!!)?
So what if Greece’s reverting to the drachma marks the
beginning of the end for the euro? Let Italy revert to the lira, Spain
to the peseta, Portugal to the escudo…! A National Currency is a key
National Sovereignty factor.
All governments should understand
that you either govern for the people and against the bankers; or you
govern for the bankers and against the people.
Adrian Salbuchi for RT
Adrian Salbuchi is a political analyst, author, speaker and radio/TV commentator in Argentina. www.asalbuchi.com.ar
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