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The Greek Coup: Liquidity as a Weapon of Coercion


The Greek Coup: Liquidity as a Weapon of Coercion

Ellen Brown

“My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.” — The Godfather (1972)

In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system. Choking off that credit line was a form of blackmail the Greek government couldn’t refuse.


I usually see that last quote in the piece attributed to Nathan Mayer Rothschild in a modified form.

The take away point for all is to avoid debt whenever possible. Every financial transaction is preyed upon by the banksters and their minions. The predation is almost always successful. That is why the gross domestic product (GDP) is ultimate measure of the economy of a nation. Maximizing GDP maximizes banking profits. Any thing a person, town, state, or country can trade outside of the money system is feared by the bankers. That is largely the source of the power of the jobs-controlled economy, where labor is offered for (debt-based) money. Tying health care to jobs increases the banksters power. Bartering by any means decreases it. I say, let’s barter as best we can–that’s free trade!


What does any of this have to do with democracy?Where are the needs, wishes of the people being considered and carried out?
These are not democratically elected leaders making these decisions!These, are technocrats serving the interests of financial institutions.
Professor Michael Hudson points out that the European Union was set-up this way intentionally to override democracy… The will of the people. To allow financial interests to gain control of governments and strip away their sovereignty.
Democracy is to the financial interests a pain in their side. So, create a union in such a way as to take it away from the people and sell it on the idea that it for their best interests.
That is the European Union!
From their point of view, “democracy”? Who needs it!


Thank you, Ellen Brown, for diagraming the dynamics so concisely. I would add that these Shock Doctrine tactics are being deployed not just in Greece. I am currently sitting in San Juan where an 11% sales tax has just been done “unto the people” with more to follow. Like Greece, Puerto Rico’s debts were encouraged and then bought up by Hedge Funds. These bastards who’ve never worked an honest day in their calculating lives call in the debts and force fiscal contraction upon the people.

It’s impossible to say whether honest businesses took up the practices of Organized Crime or ultimately became them. After all, if one becomes a bank, they get to essentially print their own money, lend it, and if loans cannot be repaid, seize assets. Murder takes place through slow forms of attrition rather than in bloody shoot-outs.

THIS is the preferred protocol of today’s banker-elitist-criminals in $2000 suits:

“Liquidity is provided only on “adequate collateral” — usually government bonds. But whether the bonds are “adequate” is not determined by their market price. Rather, political concessions are demanded. The government must sell off public assets, slash public services, lay off public workers, and subject its fiscal policies to oversight by unelected bureaucrats who can dictate every line item in the national budget.”


Somehow some are still talking about money as if it were real and that we are all tied in knots and even destroyed but this made-up construct. I totally see how the kid who saw the Emperor’s New Clothes for what they really were must have felt, especially when everyone continues on believing it or acting as if they did and that’s the same thing.
What would we do, if we decided that we would never trade lives or our earth for money and that the only things that mattered were the ones that were real? How can we get there?


I always grimace when a reporter mentions that the alleged perp stole a pair of sneakers worth $150. They may be priced at $150, but their worth is another matter. Our planet has a price on it, while its worth is diminishing due to anthropogenic stressors. Money was a useful invention that has been perverted for the benefit of the few. The many need to turn to other forms of moderating transactions to the degree possible. There is no reason that a community could not establish a currency that would serve this purpose without enriching the bankers for inter-community purposes.


Elen Brown explains a possible way there, through public and local banking.


WiseOwl - It is NOT Rothcschild’s the quote offered at the end by Ellen Brown. The quote is from Mackenzie King a Canadian Prime Minister in the 1930’s who nationalized the Canadian Central Bank in 1938 and produced all Canadian dollars at Interest-Free for decades until 1974 when the bank started to behave like the US FED and began to borrow from private banks to create the money supply and pay for the first time interest on the currency Canadians use to conduct transactions. The unfortunate result of this, is now Canadians are paying for usury at more than 200 million dollars a DAY for interest to filthy banksters.

In fact the Bank of Canada is being sued by a group of individuals who want to force it to come back to its original mandate to create the money supply interest-free as shown in this video ( search in YouTub SR 356 - Good News From Canada)
Today’s global debt crisis is the result of the unsustainability of using the Debt-Based Fractional Reserve Banking System.


It is important to emphasize Mario Draghi the head of the European Central Bank used to work for Goldman Sachs, as it was also the non-elected finger appointed Italian prime Minister Mario Monti who belongs to the Bilderberg Group and has been with Goldman Sachs as well.

Lucas Papademos was Greece’s Prime Minister for a year in 2011. His work as an economist began in 1980, when he was appointed Senior Economist at the Federal Reserve Bank of Boston. He joined the Bank of Greece in 1985 as its Chief Economist, rising to the rank of Deputy Governor in 1993, and finally Governor in 1994. During his time as Governor of the central bank, Papademos was involved in Greece’s transition from the drachma to the euro as its national currency.

After leaving the Bank of Greece in 2002, Papademos , worked at the European Central Bank from 2002 to 2010. He was previously a member of the non-governmental group Trilateral Commission.

He had been working for the Federal Reserve Board in Boston in 1980’s, worked for the European Central Bank from 2002 tom 2010.
Also as important is to mention it was Goldman Sachs who during Greece’s transition into the Euro, got paid 83 million dollars by the Greek government to hide Enron-Style high debts held by Greece to be able to qualify to enter the Eurozone.

There is enough data suggesting Greece has been set up to crash by those who today aim to benefit from purchasing at low prices many of the Greek people’s assets, including Goldman Sachs and its minions. It’s as if we were reading “Confessions of an Economic Hit Man” by John Perkins what we see happening to Greece.

There is a CABAL of a Banking Cartel composed by some of the same families who founded the Bank of England in 1696, who are today using the debt accumulated by the creation of the Debt-Based money supply using Fractional Reserve Banking, who have become the source of an Infection. This infection is being passed along many “elected” politicians forcing them to become servants to this Cabal.

THE EURO IS THE POISON INFECTING ALL THE PEOPLE OF EUROPE, including the Germans and the French who are still paying into the same Ponzi Scheme everybody else is caught into.
The US Dollar is no better and its days are coming to the end.


Great article Ellen Brown and public banking is a must, the lust after it has faded here in Oregon. The big banks beat us down and no one is talking about it any longer.

Who bought up the public treasures and assets of Greece.


Ms Brown does another excellent job of detailing how the International Banking system enslaves nations the world over. Next to the Environment this remains one of the most critical issues that face us.

It a shame she did not win in her run for office down in the USA.


Greece, Detroit on a larger scale! Greece should have asked Iceland for help not the Troika!


“Former Greek finance minister Yanis Varoufakis is now being charged with treason for exploring the possibility of an alternative payment system in the event of a Greek exit from the euro”.

How on this good Earth can THAT be considered treason?


Shared on my facebook page, and connected to events in Puerto Rico.


It’s called capitalism.