greek debt protest riots

In Greece, Bankers Pass Lucrative Bailout Bill, Public Met with Tear Gas

Grant J. Kidney— The big banks that run Greece and most other parts of the world were recently able to con the leaders of Greece in to approving a massive, $130 billion bail-out. The people of Greece weren’t too happy.

Riots have gripped the streets of Athens and other towns and cities across the Greek nation. Protesters have lit buildings on fires, overturned cars, and vandalized private property. That’s how bad this banker bail-out truly is.

Over 45,000 Greek citizens of all socio-economic backgrounds took to the streets in utter rage against a system which rewards large mega banks but discounts the poor and the needy. Protesters were met with tear gas as they tore through all parts of the nation.

Lucas Papademos, the Greek Prime Minister, told Parliament, “Vandalism and destruction have no place in a democracy and will not be tolerated. I call on the public to show calm. At these crucial times, we do not have the luxury of this type of protest. I think everyone is aware of how serious the situation is.”

Mr. Papademos obviously sides with the bankers he helped to bail out.

The Greek economy is in shambles. Millions are out of work and deep cuts to the budget have displaced many from their homes.

This is how a banker bail-out in any country works. The big mega banks like Goldman Sachs and J.P. Morgan-Chase infiltrate the political system through mass buy-offs, extortion, and loan-sharking. Once representatives of the big banks are in control of the nation’s political system, whole segments of the economy are deliberately ransacked. The banker controlled politicians then come out stating that said institutions are ‘too big to fail’ and thus begin to rape the public of its tax dollars, funneling huge amounts of wealth straight in to the pockets of those who created the economic mess in the first place.

Included in the bail-out vote was a measure which will strip pensions by €300 billion, a twenty two percent reduction in the minimum wage, and the loss of over 150,000 jobs by 2015.

Its no wonder the good people of Greece are rioting on the streets.

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