Webster G. Tarpley, Ph.D.
July 3, 2015
How to Thrive After the Memorandum and the Euro
Webster G. Tarpley, Ph.D., Tax Wall Street Party USA
Greece has negotiated in good faith with the International Monetary Fund, European Central Bank, and European Commission. But these institutions have sabotaged a negotiated solution. Because of the reckless and erratic bad-faith shown by figures like Merkel, Schaeuble, LaGarde, Juncker and Draghi, as well as by the Samaras opposition, Greece must now prepare other options. Remaining inside the eurozone on reasonable conditions would still be the best option. But, if the creditors refuse all reasonable solutions, Greece must be ready to defend herself economically. It is of great importance that the creditors be perceived in their actual role of aggressors, deserving of liability and opprobrium for expelling Greece from the euro. The creditors must be seen in the eyes of world and world public opinion as the fanatical guilty parties, and responsible for all damages. It is imperative that any further negotiations be conducted in this spirit. Countries outside of Europe must blame Merkel, Schaeuble, LaGarde, Juncker, and Draghi, and not Tsipras and Varoufakis, for any and all negative consequences for the world economy.
If expelled from the euro, the Greek government must declare a total state of emergency equivalent in every way to one that would be invoked in case of military attack by a hostile foreign power. The Greek government may be obliged to rule by decree. The option of dissolving parliament must be kept ready.
Acting under these emergency powers, the Greek government will reinstate the drachma as legal tender if expelled from the euro bloc.
If expelled from the euro, the Greek government must declare an immediate, unilateral, and comprehensive foreign debt moratorium, covering all principal and interest payments to international and supranational institutions like the International Monetary Fund, the European Central Bank, the European Commission, all foreign governments and multilateral entities, plus all foreign banks, hedge funds, financial institutions, and creditors of all types. Because of the complicity of these institutions in the multi-year rape of Greece, not one penny will be allotted either by the Greek government or by Greek financial entities until further notice. At the same time, the Greek government stands ready to negotiate in reciprocal good faith with foreign creditors on a case-by-case basis. This unilateral debt moratorium will be uniform, orderly, and total. In no case will the Greek government accept formulas based on paying creditors a certain percentage of export earnings for any variation on this theme. The international debt of Greece represents an odious burden, which for the moment can no longer be serviced. Payments on debts within Greece should continue normally.
If expelled from the euro, the Greek government will have no alternative but to declare a bank holiday to carry out the nationalization of all commercial banks in this country, without exceptions. These commercial banks will be subjected to immediate triage, with hopelessly bankrupt institutions wound up and shutdown, healthy institutions immediately reflated with credit from the new National Bank of Greece (see below), and salvageable banks subjected to a process of bankruptcy, reorganization. These commercial banks will operate under the direction of the Greek finance ministry, which will have the power to order with immediate effect hirings and firings among executives and boards of directors. In the course of the bankruptcy liquidation of hopelessly insolvent banks, over-the-counter derivatives, credit default swaps, collateralized debt obligations, and similar derivative instruments will be paid last. The banks will be operated for the general welfare, and for the broad recovery of the Greek economy, rather than for the interests of a minority of plutocrats.
At the same time, the Greek government will stabilize the banking system and restore confidence by immediately activating a system of deposit insurance, modeled on the US Federal Deposit Insurance Corporation. The Greek government should issue a special proclamation that under no circumstances will it permit a Cyprus-style solution through legalized theft from bank accounts and safe deposit boxes.
Comprehensive capital controls and exchange controls must be enacted, by decree and without warning. Finance ministry officials will be stationed in the banks. Large withdrawals from bank accounts and sales or transfers of securities will have to be licensed through the finance ministry. Transfers of capital out of Greece will have to be licensed by the finance ministry and subjected to a special tax. Special measures against capital flight will be instituted, including sending additional special inspectors to prevent currency smuggling of by land, sea, and air. Transfers by wire, Internet, bitcoin, hawala and all other systems will be subject to finance ministry examination and approval. For Greece, the era of hot money will be over.
The Bank of Greece will be seized, nationalized, and reconstituted as the National Bank of Greece. Under normal conditions, the operations of the National Bank of Greece will be controlled by public laws openly debated and approved by parliament. For the duration of the post-euro economic emergency, however, the National Bank of Greece will operate under the immediate supervision of a special interministerial committee of the prime minister, the finance minister, and the economics minister. Also, for the duration of the emergency the National Bank of Greece will be tasked with full employment, the defending and improving the standard of living and general welfare of the people, with the most rapid possible technological modernization of Greek agriculture, industry, and transportation, and – strictly subordinated to these — price stability. The National Bank of Greece will no longer be a mere central bank responding to the demands of bankers, but rather a National Bank responsible for serving the needs of the national economy as a whole. A principal tool in the pursuit of this goal will be the issuance of cheap, subsidized lines of credit and the rediscounting of bonds at interest rates as low as 0% per year, and with maturities ranging up to 100 years (century bonds), as needed.
The National Bank of Greece will establish special windows with an initial capital of the drachma equivalents of 500 billion euros in a revolving fund subject to increments as needed:
These investments will be guided by an In-Country Resource Census. This census will be used first of all, to determine the magnitude of Greek national resources available for an ambitious and expedited program of quality modern housing for the Greek people. As a general rule, credit for housing construction should be allocated by the National Bank of Greece up to the point where no unemployed or discouraged workers remain in the construction sector, and all material resources are being fully utilized. The same thing goes for highway construction, and the creation of schools, hospitals, university buildings, government buildings, libraries, and the like.
The Greek government should also arrange a series of barter arrangements wholly outside the IMF-WTO system to guarantee adequate supplies of oil, coal, electricity, basic foodstuffs, pharmaceuticals and other indispensable provisions for the welfare of the Greek people.
Financial support for Greece must be sought from all available sources from Beijing to Moscow to Washington, with no ideological preclusions whatsoever. At the same time, the assistance of friendly nations should be sought for the purposes of neutralizing such color revolutions, coups, destabilizations, and other disturbances as may materialize.
Supreme Court Rats Cabal Splinters Out of Fear of Popular Backlash over Healthcare Stripping; More Free Trade Sellouts Can Still Be Stopped, but only with 15% Protective Tariff; Anti-Establishment Mood Grows Among Primary Voters; Relentless Insanity of Germany’s Merkel and IMF’s Lagarde Forcing Greece to Prepare Economic Self-Defense Based on Dirigism; Ukraine Bankruptcy Looms; NATO Attempting Color Revolution in Russian-Allied Armenia; Malthusian Atheist Enters Pontifical Academy Of Sciences; Confederate Flag Being Expunged from American Life 150 Years after Appomattox
With a Report from Michael Chiotinis in Athens
Webster G. Tarpley, Ph.D.
“John” Schellnhuber, Merkel’s Holdren: Now a Member of the Pontifical Academy of Sciences
Hans Joachim “John” Schellnhuber, radical environmentalist and global warming advisor to Chancellor Merkel of Germany. He was the star of the Vatican press conference presenting the new encyclical in support of the global warming theory. Schellnhuber has just been named as a member of the Papal Academy of Sciences in the Vatican, despite the fact that he is an atheist. Some observers class Schellnhuber as a scientific pantheist. He embraces the Gaia theory of James Lovelock, according to which the earth is a living thing, locked in an existential struggle with the destructive forces of Shiva. Schellnhuber also subscribes to the carrying capacity theory developed by the Venetian crank Giammaria Ortes in the late 18th century. According to Schellnhuber, earth’s carrying capacity is limited to 1 billion persons, far below the current level of 7.32 billion. “In a very cynical way, it’s a triumph for science because at last we have stabilized something –- namely the estimates for the carrying capacity of the planet, namely below 1 billion people,” said Schellnhuber at a December 2009 global warming meeting in Copenhagen, Denmark. (“Scientist: Warming Could Cut Population to 1 Billion,” New York Times, March 13, 2009, at http://dotearth.blogs.nytimes.com/2009/03/13/scientist-warming-could-cut-population-to-1-billion/?_r=0) At this meeting, Schellnhuber appeared to amend reports of his statement to say that global warming could soon reduce earth’s alleged carrying capacity to 1 billion. Schellnhuber heads the Wissenschaftlicher Beirat der Bundesregierung Globale Umweltveränderungen (WBGU or Scientific Advisory Council of the German Federal Government for Global Environmental Changes), an aggressive neo-Malthusian propaganda organ, in addition to his post as founding Director of the Potsdam Institute for Climate Impact Research (PIK).
Schellnhuber wants an Earth Constitution (replacing national constitutions and the UN Charter), a Global Council (no doubt of éminences vertes), and a Planetary Court. He has warned that “earth likely will be populated by at least 9 billion people by 2050…You have to imagine that these people will reach an average level of consumption that Portugal has, one of the poorer countries in Europe …When you imagine that if all these 9 billion people claim all these resources, then the earth will explode.” This is just the opposite of third world development. Schellnhuber’s global warming extremism thus appears analogous to the role of John Holdren, Obama’s White House science advisor. (Foto Hollin)
Schellnhuber’s emphatic statements amount to rhetoric, not science. The global warming hypothesis is in grave crisis and could soon collapse, as we can see in a 2013 Der Spiegel interview with top German meteorologist Hans von Storch, who remains lucid despite his status as a global warming supporter:
Storch: “So far, no one has been able to provide a compelling answer to why climate change seems to be taking a break. We’re facing a puzzle. Recent CO2 emissions have actually risen even more steeply than we feared. As a result, according to most climate models, we should have seen temperatures rise by around 0.25 degrees Celsius (0.45 degrees Fahrenheit) over the past 10 years. That hasn’t happened. In fact, the increase over the last 15 years was just 0.06 degrees Celsius (0.11 degrees Fahrenheit) — a value very close to zero. This is a serious scientific problem that the Intergovernmental Panel on Climate Change (IPCC) will have to confront….If things continue as they have been, in five years, at the latest, [i.e. 2018] we will need to acknowledge that something is fundamentally wrong with our climate models. A 20-year pause in global warming does not occur in a single modeled scenario. But even today, we are finding it very difficult to reconcile actual temperature trends with our expectations….The other possibility is that, in our simulations, we have underestimated how much the climate fluctuates owing to natural causes.” (“Climate Expert Hans von Storch: Why Is Global Warming Stagnating?,” Spiegel Online International, June 20, 2013, at http://www.spiegel.de/international/world/interview-hans-von-storch-on-problems-with-climate-change-models-a-906721.html) Obviously, natural causes cannot be anthropogenic, but could easily turn out to be a matter of solar activity.
The five year deadline after which the anthropogenic global warming theory may collapse could account for the great haste with which Merkel and other politicians have embraced the “decarbonization” of the world at the recent G-7 conference, now followed by the encyclical. All the more reason to avoid a flight forward at the Paris conference at the end of this year.
Was the Confederate States of America Based on Slavery, or Was Slavery an Incidental or Minor Issue?
Confederacy Based on Slavery: CSA Vice President Alexander Stephens
Stephens was so weak and small that he risked being spoken to as a child, but his atrophy did not prevent him from arguing for white supremacy as the bedrock of the new Confederate slave empire.
Some hysterical libertarian idolaters of the Confederate battle flag have been shocked by the massive and long overdue repudiation of this symbol on the part of the American people to the point of asserting that slavery had little or nothing to do with secession and civil war. This is plainly absurd.
Confederate Vice President Alexander Stephens was adamant in 1861 that slavery was the foundation of the entire Confederate enterprise. In his infamous Cornerstone Speech, delivered at Savannah, Georgia on March 21, 1861, Stephens rejected the American idea that all persons are created equal. Rather, he argued, “Our new Government is founded upon exactly the opposite ideas; its foundations are laid, its cornerstone rests, upon the great truth that the negro is not equal to the white man; that slavery, subordination to the superior race, is his natural and normal condition.” (https://en.wikipedia.org/wiki/Cornerstone_Speech)
This could not be clearer, although it did not prevent Stephens from demoting slavery to an issue of scant importance in his postwar writings.
As for the Confederate Constitution of 1861, it was emphatically organized around slavery, prescribing that “No bill of attainder, ex post facto law, or law denying or impairing the right of property in negro slaves shall be passed.” — Article I Section 9(4)
Slavery would always follow the same Confederate flag being debated today:
“The Confederate States may acquire new territory; and Congress shall have power to legislate and provide governments for the inhabitants of all territory belonging to the Confederate States, lying without the limits of the several states; and may permit them, at such times, and in such manner as it may by law provide, to form states to be admitted into the Confederacy. In all such territory, the institution of negro slavery as it now exists in the Confederate States, shall be recognized and protected by Congress, and by the territorial government: and the inhabitants of the several Confederate States and Territories, shall have the right to take to such territory any slaves lawfully held by them in any of the states or territories of the Confederate states.” — Article IV Section 3(3)
It was thus Confederacy and slavery, then and forever, one and inseparable.
As for the supposed anti-slavery feelings of the much-overrated tactician Robert E. Lee, it was the standard practice of his Army of Northern Virginia to kidnap and enslave any black people they captured, as for example during the Antietam campaign of 1862 and the Gettysburg campaign of 1863.
Webster G. Tarpley, Ph.D.
Inclined to believe that the Magna Carta was really a charter of liberties for the English people? Guess again. The rights enumerated are mainly those of predatory feudal barons. These rights included the right to wage bloody civil war against the king, killing anybody and everybody except the sovereign, the queen, and their children. Check to see if the version you are reading includes the infamous paragraph 61, the civil war enabling clause, which is usually omitted from politically correct texts:
— From the “English Translation of Magna Carta of 2015”, British Museum Library, emphasis added
If we recall that the incessant private armed conflicts among the feudal nobility was the most destructive feature of medieval civilization, far worse than any royal abuse of power by weak feudal monarchs, we can see the vast fraud perpetrated on the modern world by the Magna Carta myth. Compared to feudal private warfare, the absolutism of Giangaleazzo Visconti, Louis XI, or Henry VII looked like a god-send.
Among the sanitizers of the Magna Carta who omit Paragraph 61 as revealed by a cursory check, we found the US National Archives and Records Administration (http://www.archives.gov/exhibits/featured_documents/magna_carta/translation.html).
The Constitution Society has paragraph 61 (http://www.constitution.org/eng/magnacar.htm), as does Fordham University (http://legacy.fordham.edu/halsall/source/magnacarta.asp).
CNN, NPR, and countless media outlets omit any mention of the civil war enabling clause. In any case, the barons’ idea of liberty coincides with the ideas of Rand Paul, the Koch brothers, and so many neofeudal oligarchs.
Italy’s Top Judge Ferdinando Imposimato Demands Freedom for Rev. Pinkney, No Layoffs by Whirlpool in Italy; IMF and European Union Split Over Merkel’s Financial Brinksmansip vs Greece; Neo-Ottoman Erdogan Falls to Earth; NATO Holding Large Naval Drills in Baltic; Kiev Fascists Step Up Shelling of Donetsk; ISIS Czar Allen, Convicted Felon Petraeus Still Welcome at Sleazy Bilderberg Confab; House Vote Against Free Trade Swindle Shows Better Tone in US Politics; Lowdown on Sanders, Clinton, Santorum, Paul, Rubio, Walker
With Reports from Michael Chiotinis in Athens, Charlie Skelton in Telfs-Buchen, Austria, and Rev. Edward Pinkney in Coldwater, Michigan
Italy’s top judge, an admired anti-terrorism and anti-Mafia investigator, supports the campaign to free Rev. Edward Pinkney while at the same time preventing Whirlpool Corporation from carrying out massive layoffs at its plants in Italy: Judge Ferdinando Imposimato, who just a few months ago was a contender for the Presidency of the Italian Republic, is the first signatory of a call that includes these demands. In 1985, the French magazine Le Point saluted Imposimato as Mr. Justice Courage on its front page. In the January 2015 election of the President of the Italian Republic, Imposimato received the second largest number of votes.
From Varese, Italy to Benton Harbor, Michigan: The Same Struggle Against Whirlpool
Webster G. Tarpley, Ph.D.
Having examined a summary of the legal action against Reverend Edward Pinkney of Benton Harbor, Michigan (USA), I feel the duty to express my gravest concern about abuses of civil and human rights against this of this minister of the gospel, who is at the same time the main leader of popular resistance against the anti-freedom regime imposed in that area by the multinational corporation Whirlpool, which has its world headquarters precisely in Benton Harbor.
Whirlpool represents the largest appliance company in the Western world. Pinkney was indicted with the accusation of having forged the dates of a few signatures on petitions circulated to recall Mayor Hightower, a Whirlpool ally, and force him to justify his behavior in office before the voters through the device of calling an early election. Pinkney was sentenced to up to 10 years’ imprisonment, despite the absolute absence of any proof against him. Normally, according to Michigan law, this entire matter would have been considered a misdemeanor, but in order to take down Pinkney, the head of the opposition in the city, this charge was inflated to the level of being an extremely serious felony. In addition, Pinkney’s trial was polluted by so many intrigues among the judge, the sheriff, the county officials, and a member of the jury who committed perjury, all of which makes Pinkney’s conviction invalid, and requires that it be struck down, in my opinion.
In recent days, I have seen the beginnings in Italy of that same process of urban degradation and economic impoverishment which has ruined the city of Benton Harbor. In recent years, Whirlpool has bought up large chunks of our splendid Italian appliance industry, including especially the appliance manufacturer Indesit. Now, Whirlpool executives have issued a proclamation from Benton Harbor announcing with absolute arrogance that they intend to wipe out about 2,000 jobs, which means more than a third of the current personnel of the Italian branch of Whirlpool. This mass firing would be a devastating blow for Varese, Caserta, Turin, Naples, Siena, and the other Italian cities which Whirlpool is targeting.
We have to ask ourselves if Whirlpool is trying to drive these Italian cities down to the same level of plantations of despair which we observe today in Benton Harbor. God forbid!
I therefore call on the Italian government to intervene to protect these jobs in our country. The Italian government should call in the American ambassador in Rome and demand explanations about the Pinkney case, emphatically reminding him that the United States, as signatories along with Italy of the Final Act of the Helsinki Treaty (1975) are required to respect human rights and civil rights, with voting rights at the top of the list — meaning exactly the right which Reverend Pinckney was attempting to exercise.
Ferdinando Imposimato, Honorary President of the Supreme Court of Italy, anti-terror and anti-Mafia investigator, former candidate for President of the Italian Republic
Webster G. Tarpley, Ph.D.
Vista la sintesi del procedimento penale contro il Reverendo Edward Pinkney di Benton Harbor, Michigan (USA), sento il dovere di esprimere la mia più viva preoccupazione per gli abusi dei diritti civili e dei diritti umani di questo sacerdote, il quale rappresenta al contempo il principale dirigente della resistenza popolare contro il regime liberticida imposto nella zona dalla società multinazionale Whirlpool che ha il suo quartiere generale mondiale proprio a Benton Harbor. La Whirlpool costituisce la più grande impresa di elettrodomestici del mondo occidentale. Pinkney è stato incriminato con l’accusa di aver alterato la data di alcune firme sulle petizioni per porre fine al mandato del sindaco Hightower, uomo di fiducia della Whirlpool, e costringerlo a giustificare la sua condotta davanti agli elettori nella forma di elezioni anticipate. Pinkney è stato condannato a ben 10 anni di reclusione nonostante l’assoluta mancanza di prove a suo carico. Normalmente second le leggi del Michigan questo si sarebbe considerato come una trasgressione minore, ma per colpire Pinkney, capo dell-opposizione in città, è stato gonfiato fino al livello di un gravissimo reato. Inoltre, il processo era inquinato da tanti intrighi fra il giudice, lo sceriffo, funzionari della contea, e una componente della giuria colpevole di falsa testimonianza, rendendo la condanna di Pinkney non valida e da rovesciare, al parer mio.
In questi giorni, io vedo iniziarsi in Italia lo processo di degradazione civica e impoverimento economico che hanno rovinato Benton Harbor. Negli anni recenti, la Whirlpool ha acquisito grosse fette della nostra splendida industria italiana di elettrodomestici, in particolare della Indesit. Adesso, i dirigenti della Whirlpool di Benton Harbor annunciano con somma arroganza la loro intenzione di abolire circa 2,000 posti di lavoro, ossia più di un terzo dell’organico in Italia. Questo licenziamento di massa sarebbe un gravissimo colpo per Varese, Caserta, Torino, Napoli, Siena, Trento e le altre città italiane nel mirino della Whirlpool. Dobbiamo chiederci se la Whirlpool intenda ridurre questi centri allo stesso status di triste piantagioni che osserviamo oggi a Benton Harbor. Dio non voglia.
Intervenga dunque il governo per proteggere questi posti di lavoro. Il governo Italiano esiga spiegazioni sul caso Pinkney dall’ambasciatore Americano a Roma, facendo presente con grande enfasi che gli Stati Uniti in quanto firmatari assieme all’Italia dell’Atto finale del trattato di Helsinki (1975) hanno l’obbligo imperativo di tutelare i diritti umani e civili, fra cui spicca quel diritto di voto che il Reverendo Pinkney voleva esercitare.
— Ferdinando Imposimato
Austerity Ghouls Merkel, Schäubele, Juncker, La Garde Demand Genocidal Cuts to Greek Economy; Premier Minister Tsipras Defies Eurogarchs and Eurozombies, Rebuffs Deflationary Demands as “Absurd”; Delay of All June Debt Payments by Athens Brings World Banking System to the Brink at End of Month; US Must Press Berlin at G-7 to Drop Austerity Blackmail; Merkel’s Plan for Low-Wage Hinterland for Germany a Chimera; Poroshenko Launches New Attacks on Donetsk People’s Republic to Prevent Normalization; Hastert Indicted, Opening New Ways to Break Up GOP; Tax Wall Street Party Shocks Dupes of CIA Limited Hangouts and Color Revolutions at New York Left Forum; Reverend Pinkney Preparing Appeal, Exposes Hellish Conditions in Aramark Privatized Prisons
Webster G. Tarpley, Ph.D.
June is becoming a decisive month in the struggle of the Greek people to roll back the killer austerity imposed over five years by the International Monetary Fund and the European Central Bank. Even though Athens had the money to pay a €300 million debt service payment on June 5, Tsipras and Varoufakis chose to exercise their option to delay that payment, and all payments due this month, until June 30. Unless some solution is found in the meantime, meaning in the next two weeks, the world economy will go to the brink at that time, which coincides with the transition from the second to the third quarters. Greece is far from being the only country on the brink. There is also for example Ukraine, which has been openly preparing for default for several months. The Rada in Kiev has passed a bill allowing for default which targets Russia. The carpetbagging Ukraine Finance Minister, an American woman named Natalie Jaresko, has been campaigning for Ukraine to get a debt write-down or haircut – exactly what Greece has been asking for, only to meet a stone wall from the Eurogarchs and Eurozombies. As for Argentina and Venezuela, the US has been doing everything possible to drive them into default. The world financial system is once again in grave peril, with political meddling playing a big part this time.
To make clear once again the willingness of the Greek government to bargain in good faith for the eminently reasonable rollback of failed austerity policies, we republish here Prime Minister Alexis Tsipras’ article in Paris’ Le Monde newspaper: “Europe at crossroads,” which appeared May 31 and has been translated by the Greek government web site:
Actually, the source of this warning phrase is much older than Hemingway’s 1940 novel For Whom the Bell Tolls, set amidst the Spanish Civil War. It comes from John Donne’s Devotions Upon Emergent Occasions, published in London on January 9, 1624. Here we read:
This is the original source of the phrase “For whom the bell tolls.” Donne was a member of the Paolo Sarpi networks, and he wrote this attempting to motivate England to intervene to save the Winter King Frederick of Bohemia from the Hapsburgs and their allies, who were about to topple him in 1620. For whatever reason, this phrase has come to the forefront on the eve of huge crises of civilization, since the Bohemian war of 1620 was the an early episode of the hugely destructive Thirty Years’ War, which destroyed between a third and a half of central Europe. The Spanish Civil War was the prelude to World War II in Europe. This time around, insane leaders like Merkel and Schäubele are pushing the world towards a new financial panic with their reckless and irresponsible anti-Greek austerity policies.
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