GSachs Ilk Sinister Culprits: Previously Greece Forgave Germany's Debt

[laserhaas]

Just to set the record straight, Germany owed everyone after WWII - and was about to become bankrupt - when Greece and other countries agreed to forgive debts. This gesture of prudence, according to Associated Press (here), sparked what was then known as the Germany economic miracle.

Shouldn't it be Goldman Sachs and its ilk, who are on trial for Greece's saga?

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AP Photo: In this Feb. 27, 1953 file photo, the German Debts Agreement is signed in London.
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[center][font size=5]The case for Greece: when it forgave Germany's debt[/font][/center]
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As reported by API

LONDON (AP) — Forgiving debt, if done right, can get an economy back on its feet.

The International Monetary Fund certainly thinks so, according to a new report in which it argues Greece should get help.

But Germany, another major creditor to Greece, is resisting, even though it knows better than most what debt relief can achieve. After the hell of World War II, the Federal Republic of Germany — commonly known as West Germany — got massive help with its debt from former foes.

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The 1953 agreement, in which Greece and about 20 other countries effectively wrote off a large chunk of Germany's loans and restructured the rest, is a landmark case that shows how effective debt relief can be. It helped spark what became known as the German economic miracle.

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[center][font size=5 color=navy]Greece – What You are not Being Told by the Media[/font]
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According to mainstream media, the current economic crisis in Greece is due to the government spending too much money on its people that it went broke.

This claim however, is a lie.

It was the banks that wrecked the country so oligarchs and international corporations could benefit.

Published: July 5, 2015 | Authors: Chris Kanthan | NationofChange | Op-Ed

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According to the Nation of Change story (where the immediate pic above is from) the Bailouts of the Too Big to Fail banks also happened in Europe. Those banks, like Goldman Sachs, get to "bust out" economies, for a living.

As noted by the Nation of Change story "Greece – What You are not Being Told by the Media"

Every single mainstream media has the following narrative for the economic crisis in Greece: the government spent too much money and went broke; the generous banks gave them money, but Greece still can’t pay the bills because it mismanaged the money that was given. It sounds quite reasonable, right?

Except that it is a big fat lie … not only about Greece, but about other European countries such as Spain, Portugal, Italy and Ireland who are all experiencing various degrees of austerity. It was also the same big, fat lie that was used by banks and corporations to exploit many Latin American, Asian and African countries for many decades.

[center]Greece did not fail on its own. It was made to fail.[/center]

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An international investigation should occur, into the global dominance of Too Big to Fail banks such as Goldman Sachs and others, who cause the mayhem, make extensive profits, gobble up the remains for cheap and even get the citizens to "Bail" them out - afterwards. (In Greece it is reported that the Bailout cost over $100 Billion Euros - while state assets such as water rights and other things - were taken for cheap).

[center][font size=5 color=burnt]When will the world citizenry wake up
and stop this insanity of worshiping big banks?[/font][/center]
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	Banks own the world and that's still not enough for them
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