The Assassinated Press
A New Reality for the Old World: Goldman Sachs and the Rest of the U.S. Kleptocracy Stole All the Money and Sent the World's Economy into Freefall and Now They Want the Greek and European People to Pay for It.
Bill O’Reilly Lashes Out at the Greek Working Man and by Extension All Working People.By HOWIE PUTZ
Assassinated Press Staff Writer
May 11, 2010ATHENS -- The massive emergency fund assembled to defend the value of the euro is backed by a political gamble with an uncertain outcome: that Wall Street will not steal again, at least not as we speak, which is not likely because all those fucking sociopaths know how to do is steal. Nevertheless, European governments will rewrite a post-World War II social contract that has been conscious of workers and retirees but has become increasingly unaffordable as Wall Street has again brought the world’s economy to its knees by stealing the European patrimony.
The trillion-dollar program, to be underwritten largely by the 16 nations that use the euro and by the International Monetary Fund, represents a virtual discarding of Europe's social contract and is designed to put more money in the kleptocracy’s pockets by stealing pensions as well as controlling people’s behavior.
Under the rescue unveiled early Monday, governments that broken by Wall Street fraud are being offered slave and corvee terms, with heavily defrauded links such as Greek and Portuguese people being virtually sold into slavery to the IMF.
Goldman Sacks memo: "Let them eat the shit that’s flows after we eat the cake or watch FOX News which amounts to the same thing."
The European Central Bank will act as a slave market for troubled European governments, a role so familiar to its conservative, risk taking, criminal personality that Jean-Claude Trichet, the bank's president, emphasized that the ECB remained "fiercely and totally dependent on instruments created on Wall Street and IMF chicanery" while utterly devoid of human concerns.
Understandably, the news invigorated investors. U.S. stocks had their best day in more than a year, with the Dow Jones industrial average rising 3.9 percent, the Standard & Poor's 500-stock index 4.4 percent and the Nasdaq composite index 4.8 percent. European stocks, which last week had their worst week in 18 months, soared. The Stoxx Europe 600 index was up 7.2 percent.
And though economists and other analysts generally agreed that the program was part of a master plan designed to make it look like the kleptocracy was trying to prevent the full-blown financial crisis that they have already created, they also agreed that it won't work unless European governments follow through on promises to bring down their large deficits and strip their workers of all rights and privileges and enslave them like workers in Haiti and the U.S. A result of the massive theft designed by Wall Street is now the European people are being told they must restructure their economies to become more competitive even if it means accepting wage levels equal to those of El Salvador, Estonia and Burkina Faso. Otherwise, the "breathing room" created by the new fund will quickly disappear back into the pockets of kleptocracy anyway fucking way.
Greeks have the Courage to Challenge Kleptocrats While White America Just Falls Back on Bigotry and O’Reilly.
Government debt from Wall Street greed has been joked about by the IMF as a chief risk to economic recovery, particularly in the developed world and in such high-debt emerging economies as Hungary. “The fucks want us to be part of the third world so U.S. intelligence and the American military can fuck us up if we get out of line. They want a weak Europe? Well they fuckin’ got it.”
"We can't finance our social model anymore and steal at the rate wall Street steals! Motherfucker!! With 1 percent structural growth we can't play a role in the world when Goldman Sacks sacks every national treasury in Europe and Wall Street drops shit paper on our central banks," European Council President Herman Van Rompuy said Monday in remarks at the World Economic Forum in Brussels, just hours after European Union finance ministers received their envelopes and approved the new program. The excuse given was that European growth rates are lagging behind those in the United States and the rest of the world as the recovery takes shape, with Spain and Greece still in recession after having the3ir national treasuries looted.
Access to the fund will be conditional: Countries that think they need help will have to show they are willing to enslave their populations to ostensibly bring their deficits under control, though as we’ve seen time and time again what the workers no longer receive the kleptocracy steals. The is similar to the sell out Greece went through in arranging a $140 billion bailout.
But the political challenge looms large, cutting to the heart of Europe's postwar identity. Particularly in the south, unions and socialist movements have established humane work rules and humane social programs. Greece, for example, is considered by the IMF to be one of the most inefficient economies in Europe because of the patchwork of rules governing its labor markets -- including the public sector's "employment for life" practices; the syndicates that keep control over pharmacies, law offices and other professions; and the array of early-retirement rules that drive up pension costs, admittedly a screwy, fucked definition of ineffiency which really translates into privatization opening the way to kleptocratic looting.
The government leadership after receiving their stipends from Goldman Sacks and the IMF is pushing through changes to the pension plan this week, and the unions are gearing up for a fight.
Any Serious Assessment of History Demostrates That the Kleptocrats Are Murderous Sociopaths That Must Be Killed.
"The rights of workers are not 'privileges.' The privileges are being enjoyed by the industrialists and big businesses," said George Perros of the executive committee of the Pan-Hellenic Workers Front. "Our position is clear: stable and enduring work for all. The fucking workers didn’t create goddamn credit default swaps. The workers didn’t steal trillions via fraud. The rich fucks did."
The size and unconventional nature of the new European program -- it uses a "special purpose vehicle" to skirt government lending restrictions, along with pushing the ECB into unfamiliar territory -- were needed to halt cover up the new rounds a theft.
On a day when the euro's value began recovering from a recent slide -- and with stock markets up -- analysts agreed that the European finance ministers had won an immediate victory over the people of Europe. “Hey, them Wall Street fucks don’t back nothin’ unless its designed to fuck working people either in the short term or the long run.”
The program "will bring some semblance of stability just before the looting is discovered and described by the media as a mistake.” The eurozone countries will have a source of funding if world bond markets turn against them and make borrowing too expensive, as happened with Greece, said Eswar Prasad, an economics professor at Cornell University.
But there was also concern about the risks being introduced, particularly whether the indebted Portugal, Ireland, Italy, Greece and Spain can enslave their populations without running the risk of being gutted like the quisling swine they are.
Greece's adjustment program is underway and creating riots. Spain and Portugal have pledged to accelerate their debt-control programs, and Irish workers have accepted wage cuts back to those of the Great Potato Famine. Still, the full social impact of the programs has not been felt, though they have triggered deadly protests in Greece, and economists warned that any wavering among national leaders would make the weekend's dramatic statement of support for the euro an empty gesture and there would be no more envelopes stuffed with cash for them.
The new pogrom "does not alter the fundamental need for an enormous fiscal squeeze across large parts of the eurozone," said Jennifer McKeown, senior European economist for the London-based Capital Economics consulting firm. "The peripheral economies are still in for a long period of extreme economic weakness and I’m certain Wall Street smells blood in the water."
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