Financial Tyranny Rules Eurozone
Eurozone's failed project is doomed. It's just a matter of time.
From inception, Eurozone planning was flawed. Uniting 17 dissimilar countries under rigid rules failed.
Membership required surrendering monetary and fiscal authority to a central power. Debt entrapment and banker occupation followed. Partnered with banking giants, money-controlled Troika power decides everything - the EU and ECB and IMF.
Rules require lowering living standards, sacking public workers, and selling off state assets lock, stock and barrel at fire sale prices.
None of it would happen if troubled sovereigns weren't trapped in the euro straightjacket. It lets bankers make rules, set terms, issue diktats, and pressure, bribe or otherwise force governments to acquiesce. As a result, households are burdened with oppressive austerity through no fault of their own.
Troubled Greece and Italy now make headlines. Troika power sacked their heads of state. One's replaced in Greece. Italy's choice is imminent. Lucas Papademos got Greece's top job. He'll serve unelected as prime minister. His credentials explain why.
A former ECB vice president (2002 - 2010), he earlier served as Governor of the Bank of Greece from 1994 - 2002. In 1980, he was Federal Reserve Bank of Boston senior economist. Afterwards, he became Bank of Greece's chief economist.
Since 1998, he's also been a Rockefeller-controlled Trilateral Commission member.
Troika power is safe in his hands. Democracy's birthplace abandoned it. Without it, personal freedom is gone.