Saturday 3 October 2015

a referendum that defined the Eurozone

With the previous Syriza government, that included
Yanis Varoufakis, we had what appeared to be a
serious (or playful) attempt to break the status quo.

I am certain that Varoufakis managed to present
the Eurogroup and Germany as the despots that
they are. He continues to do so, as a free agent.

Of course, that did not end Greeks' pain, but it
did provide a trip off the beaten track that has
changed the EU forever.

News-watching people with functioning brains,
i.e. on twitter, can never again look at JC
Juncker as a serious politician. We would
have discovered that he's a drunk- always
tipsy. We would have known that his country
has been a sink-hole for tax evasion. But we
now know that he has the brinksmanship skills
of a drunken insider. It's just that we're not
invited to the party, so we have to assume
what he's doing is for a reason, and figure out why.
Prolly, he's an employee of the Germans.

It's very late doing this, and I don't have the
telling news reports handy, but it's worth it
looking back in anger and amazement at
what happened.

Anyway, the referendum did so many things
to make me believe that Syriza were different
and that they were cunning fighters in the
kind of battle that the EU forces us to do
with our "colleagues" (ftoooo, wretch).

Firstly, Syriza took the proposal that the troika
thrust on the table, saying "sign it." It included
corrections of the Greek positions in red ink and
track changes, like a prof to a PG student. The
Trickies also provided Greece with the same
slavery deal
i.e. we agree to enslave you, you agree to wear chains, etc
that was essentially the agreement that ND party
would not dare enforce, from summer 2014 onward.
There may have been some changes to account
for the troika being pissed off at Samaras, who
despite not stooping enough, was a man that
Juncker "could negotiate with." We know what
that means:
JCJ: Here. take this paper and fuck yourselves 
Samaras: thank you , sir, can I have some more
    Here's the ceremony in Brussels:



here's a copy of the front page of the doc. You can get it
easily I imagine, but remember to thank Yanis Varoufakis
and his Intern for thinking "this is amazing. We're gonna
tour the country with this! And they will praise God":

So, Greece revealed the skulduggery, or more precisely
skull-fucking
 that goes on in a Eurogroup that has no standing in
law. Do you know what that means? It's the political
equivalent of :
Troika: oh. you're pissed at me and my 17 friends?
           well, step into this dark room and we'll solve
            our differences.

Are you nuts? It's a mind-fuck exercise and we have
already said, the Eurogroup (or Troika, interchangeable, really)
were negotiating in the way that a tyrant lets a pleb
tire himself out ranting, and then (checking his fingernails)
orders his guards to behead the man and impale the rest of
his lifeless body on an appropriate stick for all to see.

Varoufakis and company, at the very least, made this lynching
a public affair. You and I felt that we were in that darkened
room in Brussels. A room where nobody took notes, because
the tyrants had already decided to let Greece exhaust itself
with portraying all their reasonable ideas about how to
pay and yet improve the Greek economy. It was fingernail
time for the tyrants. They gave Greece its final offer
i.e. same as the last one
and Syriza said let's put it to a referendum. The timing of
the referendum firstly, was amazing. It was for after the 
ending of the last slavery contract (June 30th, I think),
meaning that there would be no money for Greece
while the people were deciding their fate. And so it
happened. In the middle of the referendum campaign,
the troika closed the banks. If some Greeks (or anybody)
had any doubt who these troika fuckers were, that was
an eye-opener. The ECB, the backstop of the Eurozone
economy, closed banks, as a threat, in cooperation with
the rest of the Troika/Eurogroup.
Satan unmasked!

Brilliant move. Obviously I am not belittling the 
fact that Greeks were paying the price for this 
absurdist theatre, and were starting to starve. 
Nevertheless, their answer was to vote 61% against 
the troika offer. 

The only fly in that ointment was the fact that 
it SEEMS that Greeks want to reject an offer from
the troika and yet stay in the Eurozone, but actually,
that was the troika blackmail. 
"Do this slavery thing, or you're gone."
I'll take on the grexit issue in another blog.

So, the next step was to take the results to Brussels and
get a better deal. Well, I think it was dawning on Syriza
that the troika was gonna screw Greece one way or another.
Kinda like the Kama Sutra for love slaves.
"oh. you don't like pages 33-45?
Well, let's try page 55. ha-ha!"
 Tsipras knew that he had the savings and house value
of every Greek and/or their business in his hands. He knew
that the troika would not loosen the noose, so he had to 
bow his head. For me, he was then beheaded. He is no 
longer a person, let alone PM. His lifeless body just
won the re-election campaign. I'm indifferent.

Varoufakis still has his impudent head and he's making
quite a scene in France and other places, seeking discussions
of justice and fairness and democracy. They love that.

So, let's just assume that Greece was screwed to begin with
and then you can see the wisdom of the Syriza plan.
1 it shook faith in the Euro and EU to the ground
2 the Euro is at lows not seen since it was the EMU
      1.40 Euros for one British pound.
3 it has cast the Euro/EU oligarchs in very bad light
4 it has made countries like Poland, Czechs and Romania
    run screaming from the Euro table, even though they
   are required to switch.
5 it has sped up the disintegration of the Eurozone, because
   of the lack of faith in Germany
6 Shown how the Euro genesis was a twisted affair with
  two protagonists.
  It was created by the French because
  they thought their elite would run the EU this way, and
  the Germans because they knew that the French were
  lightweights and that they (Germany) would end up
  dictating life and death in the whole EU.
7 It was shown, to those who were really good at 
   reading between the lines that the troika was not
   interested in solutions, but in providing a workable
  plan such that German taxpayers could bail out
  Deutschebank, without it looking like that. It looks
  like a Greek bailout, so in return, the Greeks must
  be screwed. Tangled web, anyone?
 
  Now, there were a number of economists who got
involved in the referendum case, at least in theory.
They offered opinions that were either economic,
political, or both, and it says a lot about who they are.

Let's go through the list. The first 4 
would have voted "no" and the last
two, though Grecophone, would have
voted "yes".
Let's examine them:
Stiglitz and Sachs, among others, were being 
regularly consulted by Varoufakis,
and they knew the case well.
Krugman is just a statist nut, but sometimes
he gasps for oxygen and does the right thing.
Piketty, though Varoufakis is not a fan of his,
also sided with the Greeks.
On the Dark side we have Pissaridis, a 
Cypriot economist who is big in LSE 
circles. He won an Economics 
(pseudo) nobel for his thesis that the
way to make sure that wage inflation
does not happen is by cutting unemployment
money. Ya. thanks Pisser. He was later
found on BBC talking about how he was
worried for his nest egg in a Cypriot 
bank when the banking oligarchs came 
to rob Cyprus. I had no sympathy for him.
The last is Katey Price, the Greek ex-wife of 
Chris Huhne (Labour minister  & social 
climber). They had divorced and both
spent time in posh jail because she 
was proved to have said "yes" to her
husband (the Transport Minister) when
he asked her to take his speeding points
on her licence. Once again, we have caught
her saying "yes" to the big dick in the room.
Again, no sympathy. She happens to be
an economist, but of what quality, I don't
know.I think she may have had the right
to vote.


Friday 2 October 2015

Bartering is good, if your country's been bombed back 2000 years

I seem to remember the open threat by Dick Cheney,
the Nobel Prize loser, to bomb Iraq back into the
stone age.
Well, he's been outdone by the Troika and the EU
Commission, who've bombed Greece, not with tanks,
but banks, into the stone age.

Bartering systems and alt currencies are flourishing,
while nothing in the real economy is. With tourism
being its key sector, the EU has fucked Greece's
economic skull with a 23% VAT.

If the EU has control of your bank account, the money
in that account, in Euros, is worth less that Euros in
Germany which is running the show. Capital controls
mean Greeks can only withdraw 60 Euro a day.
International transfers may also be affected. The
once-large middle class in Greece used to rely on
cornering markets for imported goods. But now, with
no free flow of money, they cannot pay importers.
This may, however, bring back Greek industry after
10 years of languishing because of cheap imports.

Anyway, the resourceful Greeks are trying to use
barter to cover for the Euros that they don't have.
Silly Greeks don't realise that the government
will not accept barter, except maybe offers of sex,
in payment of taxes. So, they're still gonna lose
their houses.

checkit: EKathimerini


Bartering platform offers a way to sidestep capital controls 
LINA GIANNAROU TAGS: Innovation Stella makes photo albums for weddings and baptisms, which she trades for ground beef. Dellman services PCs and laptops in exchange for olive oil, Panayiota has a BMW she’d gladly trade for a small studio apartment in Athens, and Dimitris needs a small refrigerator which he’s willing to trade for nearly new children’s clothes. “Only your imagination can set limits,” says Yiannis Deliyiannis, who, with a group of friends, set up tradenow.gr in early 2013, the first automated platform for swapping services and goods in Greece. “Is there anything that can’t be swapped?” asks Deliyiannis. “Someone might not have any cash in his wallet but a watch or cell phone he doesn’t need. That’s like having 500 euros, with which he can get anything he wants.” The site was launched as Greece entered the depths of the crisis and is even more popular today since the imposition of capital controls in the summer restricted Greeks’ purchasing power even further. “We attracted a huge number of people after the capital controls were put in place,” says Deliyiannis. Registered members swelled to above 25,000 in the summer from 20,000 at the start of the year and more keep coming as an increasing number of people look for ways to acquire the things they need without having to spend cash. The initial idea came about during a spontaneous exchange. “A friend of mine wanted an energy-efficient fireplace in his house but couldn’t afford it. The technician offered to take his old fireplace in exchange for the materials for the new one and also offered him a discount on the installation,” explains Deliyiannis. “I was interested so we started looking at whether anything like that was happening elsewhere in the world. We found a number of similar initiatives, especially in the United States, where major trade networks have been developed between businesses looking to cut costs. So that’s how we came up with the idea of creating a community that would include all tiers of the economy, from individuals with goods and services to offer to businesses that could trade with other businesses while at the same time getting some publicity and selling their goods or services at a discount.” Putting the idea into action led to all sorts of complications. “The platform is interactive. When someone logs on asking for a bicycle and offering a watch, the site will automatically link them to everyone who wants a watch or is offering a bike. Then the different parties can haggle among themselves; it’s like each member is running a e-shop of their own.” To make exchanges easier, the company has introduced a form of “currency,” a Trade Point, which reflects the value of the items or services on offer. So if someone wants to buy something that is of greater value than what they’re offering, they can make up the different with points (1 point equals 1 euro). Membership to the site is free of charge for individuals and costs from 50 euros upward for companies, with a small commission fee when directed sales are made. “It was hard at first to convince companies [mostly small and medium-sized] to join and build a profile. There were quite a few cases where we not only had to explain how bartering works but also had to actually explain the Internet,” says Deliyiannis. “Everything changes with the capital controls. People were obliged to do business without cash and so they soon saw the benefits.” Companies usually swap promotional material like leaflets or banners, as well as office materials or services like security system installations. Among individuals, most of the exchanges involve cell phones and other IT gadgets, but also food. “We have a butcher who got new tires for his car by offering meat, another guy who got his car serviced by offering a shower stall, and others who swapped cars for boats. Everything is possible,” says Deliyiannis.