However, just the other day came very shocking news that the Greek government has crumpled under the false pressure of the IMF and has started to "bail in" its own citizens by taking away the Greek peoples' hard earned savings and handing it over to the Jewish criminal banking scoundrels that created Greece's odious debt situation in the first place!
Right now, I want to present a report from the Government Slaves .Info website, at www.govtslaves.info, that gives the Greek people's reaction to their own government STEALING their life savings to hand over to the criminal IMF to help pay down the interest on the crushing odious debt that nation falsely owes.... The article is entitled: "Stunned Greeks React To Initial Capital Controls And The "Decree To Confiscate Reserves" And They Are Not Happy" and I have it right here for everyone to see for themselves how dangerous bank "bail ins" truly are... I do have my own thoughts and comments to follow:
Stunned Greeks React To Initial Capital Controls And The “Decree To Confiscate Reserves”, And They Are Not Happy
(Zero Hedge) Earlier today, following weeks of speculation, Greece finally launched the first shot across the bow of capital controls, when it decreed that due to an “extremely urgent and unforeseen need” (ironically the need was quite foreseen since about 2010, but that is a different story), it would be “obliged” to transfer – as in confiscate – “idle cash reserves” located across the country’s local governments (i.e., various cities and municipalities) to the Greek central bank.
Several hours later the decree which was posted in the government gazette has finally percolated among the population, and the response to what even ordinary Greeks realize is now the endgame, is less than exuberant.
Bloomberg reports, that “as Greece struggles to find cash to stay afloat, local authorities say they oppose a government decision to use their reserves for short-term financing.”George is unhappy because as recently as tomorrow, he will find there is precisely zero euros in his public bank account, as all the money has now been forcibly sequestered by the government in order to repay future Troika, pardon, IMF obligations.
“The government’s decision to seize our reserves not only raises legal and constitutional issues, but also a moral one,” said George Papanikolaou, mayor of Glyfada, the third-largest municipality in the metropolitan region of Attica after Athens and Piraeus. “We have a responsibility to serve our citizens,” Papanikolaou said by phone on Monday. Glyfada has about 16 million euros in cash reserves, he said.
Sadly for Greece, this is the only option left as the money has now fully run out: Greek Prime Minister Alexis Tsipras ordered local governments and central government entities to move their cash balances to the central bank for investment in short-term state debt.
The decree to confiscate reserves held in commercial banks and transfer them to the Bank of Greece could raise as much as 2 billion euros ($2.15 billion), according to two people familiar with the decision. The money is needed to pay salaries and pensions at the end of the month, the people said.
“It is a politically and institutionally unacceptable decision,” Giorgos Patoulis, mayor of the city of Marousi and president of the Central Union of Municipalities and Communities of Greece, said in a statement on Monday.“No government to date has dared to touch the money of municipalities.”
It took the radical leftist one all of 2 months since coming to power.
And the punchline is that the use of confiscated proceeds is unclear: the government says it is to pay pensions and wages, but recall that the same government recently confiscated pensions to repay the IMF, so according to the chain of logic, the government first raided pensions, and now municipalities, just to repay the dreaded Troika.
The Athens city council and the union of municipalities and communities in Greece will convene tomorrow to debate the order, a press officer of the mayor’s office said.
And one everyone realizes what just happened, expect the riot cam and the Greek Pay-Per-Riot channel, which has been on hiatus since the summer of 2012, to be fully reactivated.
NTS Notes: I have to ask the Greek people one simple question.... "WHY are you putting up with this?"...
The Greek people sought salvation in having the criminals that ruined their great nation thrown out of office and replaced with a government that they thought actually worked for the people and end both their crushing debt and subservience to the fraud European Union... But it appears that just like in other nations, this new government is just the flip side of the same criminal coin....
Yes, this is an outrage and the Greek people should right now and rightfully be on the streets and marching on Athens to throw this government out of office.... NO ONE should ever have to pay back criminally created and imposed odious debt, ever....All such debt is actually illegal under international law and can be ended with just the stroke of a pen!
Yes, there have always been alternatives to this carnage that we are witnessing in Greece... The Greek nation should have rightfully told the IMF to take their debt and shove it up their asses.... Then the Greeks should have instantly quit both the fraud European Union and NATO..... After all that, the Greeks then should be turning to the BRICS nations for their economic salvation rather than criminal Jewish scoundrel banksters...
One other important note... This "bank bail in" that is happening in Greece is exactly what is in store for all of our nations... Two years ago, we witnessed the carnage in Cyprus as these banksters fleeced that nation and stole their money...Now we are witnessing history repeat itself with this situation in Greece... I can guarantee that our nation and others are next on the list as well.....
More to come