The Rape by ECB, EU and IMF

The Rape of Greece by ECB, EU and IMF, originally uploaded by freestylee.

Karakas

FMI este instrumentul extern folosit pentru preluarea resurselor unei tari prin privatizare, exproprietea “benevola” a statului care accepta termenii FMI, si instrainarea resurselor acelei tari:

“Privatizarea Cupru Min a fost impusă de FMI, împreună cu vânzarea altor companii de stat precum Oltchim şi vânzarea de pachete minoritare la companii din energie precum Transgaz, Hidroelectrica ori Transelectrica. “

Firma canadiana care a cistigat licitatia a cumparat resurse in valoare de 7 miliarde dolari (la pretul de azi, insa pretul va creste semnificativ!) cu 200,000 EUR. Afacere buna, nu?

“Cupru Min” deţine exploatarea Roşia Poieni, unde sunt concentrate 60% din rezervele de cupru ale României. Rezervele de cupru ale companiei se ridică la circa 900.000 de tone (aproximativ 7 miliarde de dolari).

Sunt multe intrebari care decurg din relatia cu FMI. Pina la urma, realitatea confirma ca doar cel care are bani si este puternic poate sa aibe libertatea de a achiziona resursele altei tari, slabe, ca Romania, care nu isi permite sa continue exploatarile miniere. Si o fac prin FMI. Nu SUA, nu Anglia, ci industriasii, bancherii, investitorii si toti cei cu bani.

Ni se arunca praf in ochi de catre guvern cind spun ca o sa creeze locuri de munca. Care va fi salariul mediu al minerilor? Se lupta guvernul cu licitantul sa le dea si un salariu bun? Nu, pe ei doar ii intereseaza ca au scapat de intreprinderea de stat, si ca au multumit FMI. Inca o bila alba pe care o primesc ei de la Cancelaria imperiala. Si-au facut planul la instrainarea bunastarii romanilor.

http://www.bursa.ro/?s=companii_afaceri&articol=163763

Via Flickr:
Bankers Gear Up for the Rape of Greece, as Social Democrats Vote for National Suicide

The fight for Europe’s future is being waged in Athens and other Greek cities to resist financial demands that are the 21st century’s version of an outright military attack. The threat of bank overlordship is not the kind of economy-killing policy that affords opportunities for heroism in armed battle, to be sure. Destructive financial policies are more like an exercise in the banality of evil – in this case, the pro-creditor assumptions of the European Central Bank (ECB), EU and IMF (egged on by the U.S. Treasury).

As Vladimir Putin pointed out some years ago, the neoliberal reforms put in Boris Yeltsin’s hands by the Harvard Boys in the 1990s caused Russia to suffer lower birth rates, shortening life spans and emigration – the greatest loss in population growth since World War II. Capital flight is another consequence of financial austerity. The ECB’s proposed “solution” to Greece’s debt problem is thus self-defeating. It only buys time for the ECB to take on yet more Greek government debt, leaving all EU taxpayers to get the bill. It is to avoid this shift of bank losses onto taxpayers that Angela Merkel in Germany has insisted that private bondholders must absorb some of the loss resulting from their bad investments.

The bankers are trying to get a windfall by using the debt hammer to achieve what warfare did in times past. They are demanding privatization of public assets (on credit, with tax deductibility for interest so as to leave more cash flow to pay the bankers). This transfer of land, public utilities and interest as financial booty and tribute to creditor economies is what makes financial austerity like war in its effect.

Socrates said that ignorance must be the root of all evil, because no one deliberately sets out to be bad. But the economic “medicine” of driving debtors into poverty and forcing the selloff of their public domain has become socially accepted wisdom taught in today’s business schools. One would think that after fifty years of austerity programs and privatization selloffs to pay bad debts, the world has learned enough about causes and consequences.

Read more: www.counterpunch.org/hudson06242011.html

By MICHAEL HUDSON

Photos from the Revolution in Greece

cryptome.org/info/greece-protest4/greece-protest4.htm

cryptome.org/info/greece-protest/greece-protest.htm

Three years ago, I told you that Wall Street's newest invention - credit default swaps - would cause a major financial crash.

Now, I'll concede that credit default swaps (CDS) weren't the only cause of the financial meltdown that brought about the collapse of Lehman Brothers Holdings (OTC: LEHMQ) and nearly brought down American International Group Inc. (NYSE: AIG). But these financial derivatives were a major exacerbating factor - which is why I also warned that credit default swaps should be banned.

Just three years later, we're embroiled in yet another financial crisis. But the stakes have grown: This time around we're talking about entire countries - and not just banks - defaulting on their debt. Not surprisingly, credit default swaps are once again at center stage.

Just yesterday (Monday), in fact, the possibility of a Greek-debt default drove spreads on Western European credit default swaps up to record levels, providing even more profits for those speculating against the overall health of the Western financial system. Those profits for speculators increase the overall losses in the world financial system whenever something goes wrong, creating the possibility that even moderate "credit events" could collapse the whole shaky edifice.

If Washington had heeded my warnings back before the first global financial crisis, you and I would be much better off today.

BY MARTIN HUTCHINSON, Contributing Editor, Money Morning

moneymorning.com/2011/06/28/credit-default-swaps-why-wash...