14. Februar 2015


We are all Greece!

written by Jahn J Kassl
translated by Franz

"On January 13th, almost two weeks before the Parliamentary 
elections in Greece, the present Greek Prime Minister addressed 
the German public with an open letter.” “We do not want to 
withhold this important document from you”, writes the 
Kopp-Verlag in its introduction. And indeed, this letter of 
the newly elected Greek head of State makes it quite clear, 
what is at stakes generally in the debt crisis and actually 
for Greece.

I can deal much more with the contained truth in it, 
in any case much more than with the “white-wash” 
of all EU bigwigs or our national “People Representatives”. 
The actual state of the Euro, the US Dollar and of World 
finance is much worse than it couldn’t be and the disaster 
is preprogrammed, if other entirely new approaches are 
not pursued.

The New Greek government has recognized this and 
in a first coup has dismissed the “Troika”, consisting 
of the European Central Bank (ECB, Mario Draghi), 
the International Monetary Fund (IMF, Christine Lagarde),
the European Commission (EC, Jean-Claude Juncker), 
and no longer talks to representatives of this anti-
democratic triumvirate of the global financial dictatorship.

From my perspective this is very good and I am convinced
that this is not the last measure of the new Greek government, 
in order to regain the trust of human Beings, but foremost, in 
order to end the misery, which human Beings in Greece were 
subjected to by the EU.

This “open letter to Germany” certainly is also directed at 
all other States in Europe, because the debt misery in Greece 
with actually 317 billion Euro has also reached Portugal 
(224 billion Euro), Spain (1.2 trillion Euro), United Kingdom, 
Great Britain and Northern Ireland (1.6 trillion Euro), France 
(2 trillion Euro), Italy (2.1 trillion Euro), and will, if appropriate 
measures are not taken, also capture the Netherlands 
(455 billion Euro), Austria (289 billion Euro) or Germany 
(2.2 trillion Euro).

The 19 EU-States of the Euro zone come, according to the 
“debt clock” (Source HausHaltssteuerung.de per 02/12/2015), 
to a debt of 9.6 trillion Euro and will break through the 
10 trillion mark very soon.

It is quite clear that this debt cannot be repaid by anybody, 
to anyone, who has at least a bit of intelligence left. 

Crash or peaceful system change are the 
alternatives and if I look at the money 
printing measures of the EU-Central Bank 
(ECB) or the US-Federal Reserve (FED), 
then everything obviously steers toward 
the greatest financial crash in human 

And our People representatives simply refuse to believe it, 
and therefore they look like dumb calves for their butchers 
themselves, because whoever marches with the ECB in 
Frankfurt or the FED in Washington, will - under 
guarantee – also fall under.

And this “open letter” points exactly in that direction. 
The message is: We can no longer go on as before! 

It is good to bring to mind the open words of the newly 
elected Greek head of State Alexis Tsipras, because to 
this horrendous debt in Europe the gigantic whopping 
debt of the USA of 19 trillion Dollars is joined.
And suddenly the “rich West” (Europe and North
America) looks very poor indeed.

In conclusion: We all are Greece!
It is high noon that we also realize this 
fact in its full significance.

In Love

Jahn J Kassl

Alexis Tsipras' Open Letter To Germany: 
What You Were Never Told About Greece
by Tyler Durden, Authored by Alexis Tsipras via Syriza.net

Most of you, dear [German] readers, will have formed a 
preconception of what this article is about before you 
actually read it. I am imploring you not to succumb to 
such preconceptions. Prejudice was never a good guide, 
especially during periods when an economic crisis reinforces 
stereotypes and breeds biggotry, nationalism, even violence.

In 2010, the Greek state ceased to be able to service its debt. 
Unfortunately, European officials decided to pretend that this 
problem could be overcome by means of the largest loan in 
history on condition of fiscal austerity that would, with 
mathematical precision, shrink the national income from 
which both new and old loans must be paid. 
An insolvency problem was thus dealt with 
as if it were a case of illiquidity. In other words, Europe 
adopted the tactics of the least reputable bankers who 
refuse to acknowledge bad loans, preferring to grant 
new ones to the insolvent entity so as to pretend that 
the original loan is performing while extending the 
bankruptcy into the future. Nothing more than common 
sense was required to see that the application of the 'extend 
and pretend' tactic would lead my country to a tragic state. 
That instead of Greece's stabilization, Europe was creating
the circumstances for a self-reinforcing crisis that undermines 
the foundations of Europe itself. 

My party, and I personally, disagreed fiercely with 
the May 2010 loan agreement not because you, the 
citizens of Germany, did not give us enough money 
but because you gave us much, much more than you 
should have and our government accepted far, far more than 
it had a right to. Money that would, in any case, neither help 
the people of Greece (as it was being thrown into the black 
hole of an unsustainable debt) nor prevent the ballooning 
of Greek government debt, at great expense to the Greek 
and German taxpayer.

Indeed, even before a full year had gone by, from 2011 onwards, 
our predictions were confirmed. The combination of gigantic new 
loans and stringent government spending cuts that depressed 
incomes not only failed to rein the debt in but, also, punished 
the weakest of citizens turning people who had hitherto been 
living a measured, modest life into paupers and beggars, 
denying them above all else their dignity. The collapse of incomes 
pushed thousands of firms into bankruptcy boosting the oligopolistic
power of surviving large firms. Thus, prices have been falling but 
more slowly than wages and salaries, pushing down overall demand 
for goods and services and crushing nominal incomes while debts 
continue their inexorable rise. In this setting, the deficit of hope 
accelerated uncontrollably and, before we knew it, the 'serpent's 
egg' hatched – the result being neo-Nazis patrolling our 
neighbourhoods, spreading their message of hatred.

Despite the evident failure of the 'extend and pretend'

logic, it is still being implemented to this day. The second 
Greek 'bailout', enacted in the Spring of 2012, added another 
huge loan on the weakened shoulders of the Greek taxpayers,
"haircut" our social security funds, and financed a ruthless new cleptocracy.
Respected commentators have been referring of recent to 
Greece's stabilization, even of signs of growth. Alas, 
'Greek-covery' is but a mirage which we must put 
to rest as soon as possible. The recent modest rise of real 
GDP, to the tune of 0.7%, signals not the end of recession 
(as has been proclaimed) but, rather, its continuation. 
Think about it: The same official sources report, for the
same quarter, an inflation rate of -1.80%, i.e. deflation. 
Which means that the 0.7% rise in real GDP was due to a 
negative growth rate of nominal GDP! In other words, all 
that happened is that prices declined faster than nominal 
national income. Not exactly a cause for proclaiming the
end of six years of recession!

Allow me to submit to you that this sorry attempt to 
recruit a new version of 'Greek statistics', in order to 
declare the ongoing Greek crisis over, is an insult to all 
Europeans who, at long last, deserve the truth about 
Greece and about Europe. So, let me be frank: Greece's 
debt is currently unsustainable and will never be serviced, 
especially while Greece is being subjected to continuous 
fiscal waterboarding. The insistence in these dead-end 
policies, and in the denial of simple arithmetic, costs
the German taxpayer dearly while, at once, condemning 
to a proud European nation to permanent indignity. What 
is even worse: In this manner, before long the Germans 
turn against the Greeks, the Greeks against the Germans 
and, unsurprisingly, the European Ideal suffers catastrophic 

Germany, and in particular the hard-working German 
workers, have nothing to fear from a SYRIZA victory. 
The opposite holds. Our task is not to confront our partners. 
It is not to secure larger loans or, equivalently, the right to 
higher deficits. Our target is, rather, the country's stabilization, 
balanced budgets and, of course, the end of the grand squeeze 
of the weaker Greek taxpayers in the context of a loan agreement
that is simply unenforceable.  

We are committed to end 'extend and pretend' logic 
not against German citizens but with a view to the 
mutual advantages for all Europeans.
Dear readers, I understand that, behind your 
'demand' that our government fulfills all of its 
'contractual obligations' hides the fear that, if 
you let us Greeks some breathing space, we 
shall return to our bad, old ways. I acknowledge this 
anxiety. However, let me say that it was not SYRIZA 
that incubated the cleptocracy which today pretends 
to strive for 'reforms', as long as these 'reforms' do 
not affect their ill-gotten privileges. We are ready and 
willing to introduce major reforms for which we are now 
seeking a mandate to implement from the Greek electorate, 
naturally in collaboration with our European partners.

Our task is to bring about a European New Deal within 
which our people can breathe, create and live in dignity.
A great opportunity for Europe is about to be born in Greece.
An opportunity Europe can ill afford to miss. 

Copyright © 2015 by ZeroHedge:

2015 Year of Truth – JJK:

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