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Hot Flashes

Greek Economy In a Shambles— Is America Next?


By Victor Thorn

Is the current Greek “financial crisis” actually a deliberately created experiment orchestrated by predatory international bankers, to be later used against the United States? More precariously, what if the culprits responsible for undermining Greece are the same ones who caused our near-catastrophic economic meltdown in 2008?

During a recent speech, German Chancellor Angela Merkel snapped, “It would be a disgrace if it turned out to be true that banks that already pushed us to the edge of the abyss were also party to falsifying Greek statistics.”

Her suspicions are correct, because at the center of Greece’s debacle stands Goldman Sachs, historically a surrogate for the House of Rothschild via Sidney Weinberg, with an ownership stake in the Federal Reserve. They also received $10 billion in federal bailout TARP money.

Beginning in 2001, Goldman Sachs concocted an elaborate financial scheme whereby billions in “currency swaps” were funneled into Greece, only to be squandered and embezzled by government officials. In actuality, these shadow loans were hidden through the use of creative accounting practices, thereby skirting the EU’s strict regulations on debt to Gross Domestic Product (GDP) ratios.


Under the current tutelage of CEO Lloyd Blankfein and President Gary Cohn, Goldman Sachs proceeded to buy insurance on these Greek debts as protection; then sold the risky loans to the National Bank of Greece in 2005. The American bank’s stranglehold is so prevalent inside Greece that the nation’s new debt manager, Petros Christodoulou, is a former Goldman Sachs employee.

In response, Greek newspapers such as Avriani are openly citing a Jewish plutocracy for plotting their nation’s demise. Likewise, during two interviews with historian Maria Papadopoulos on Feb. 17 and Feb. 19, she described the situation in Greece:

“There are dark forces of evil that play with people’s lives and use them to make money. Our prime minister—George Papandreou—is finalizing the destruction of our country that began 30 years ago with his father and grandfather. Papandreou is so determined to get more international loans at exorbitant interest rates that he’s willing to sell out our country. The prime minister is a puppet ruler who’s reading from a script written by vultures in the banking industry.”

Her assessments are certainly accurate. Famed international business writer Ambrose Evans-Pritchard noted on Feb. 16, “The European Union has shown its righteous wrath by stripping Greece of its vote at a crucial meeting next month, the worst humiliation ever suffered by an EU member state.”

Ms. Papadopoulos sees what is at stake.

“The Greek people are being taxed to death,” said Ms. Papadopoulos. “Their backs are against the wall, and they’re retaliating with riots and strikes. Corporations want to take over farms, so farmers are blocking highways. The people are rising up and inciting the army for a coup. They want to kick out the traitors like Papandreou. The EU has stripped us of our vote; Brussels wants to control our taxing and spending policies; and we’re losing our sovereignty.

Henry Kissinger—a major priest of deception—once said the Greek people are very rebellious. So, to put [us] in [our] place, they need to ‘strike’ at the heart of who we are.”

In a Feb. 11 article entitled “Greece Under European Union Diktat,” Peter Schwarz observed, “The crisis in Greece is attracting the most parasitic representatives of finance capital, whose methods resemble those of the Mafia, with the European Commission serving as the consigliore to the godfathers of finance.”

One of the men he alluded to was Jewish speculator George Soros. As a result, these outside dark forces are leveling their impositions on Greece. One such Big Brothertype demand arrives in 2011, where transactions over 1,500 euros are prohibited to be carried out using cash. Only cashless credit is permissible.

Ms. Papadopoulos also related another troublesome turn of events.

“Greece is being used as a weak link—a testing ground on a small scale,” she said. “Then the bankers will use this formula on larger countries, like the United States. Prime Minister Papandreou even said that, because Greece is close to default, there will be no official celebrations on March 25—our independence day. He wants to eliminate the glorious memories of our past. That would be like abolishing the Fourth of July in America. Try to imagine the symbolic devastation if that happened.”

Keep in mind that Greece’s debt-to-GDP ratio is not that much higher than the ratio in the United States. Jim Reid, a Deutsche Bank of London representative, provided a dire warning on Feb. 5 in regard to the big picture: “The problems currently faced by peripheral Europe could be a dress rehearsal for what the U.S. and UK may face further down the road,” said Reid.

As it stands now, European bankers led by Rothschild & Co. are making demands that are eerily similar to what America faces in relation to its astronomical deficit. To reduce the size of their bloated public sector, Papandreou must reduce deficits from 12.7 percent of GDP to 3 percent, cut public service expenditures and government jobs by 10 percent, raise the retirement age, slash healthcare benefits, raise taxes and reduce union pensions. In addition, any international loans will be levied at significantly higher rates than what is charged other European countries.

Faced with the heavy hand of parasitic financiers, many Greeks would simply prefer to leave the European Union, trash the euro, readopt their former currency, the drachma, and take control of their own destiny rather than suffer the slow, agonizing death of their national sovereignty.

Victor Thorn is a hard-hitting researcher, journalist and the author of many books on 9-11 and the New World Order. These include 9-11 Evil: The Israeli Role in 9-11 and Phantom Flight 93.

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(Issue # 10 & 11, March 8 & 15, 2010)

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