Greek Film Shows Way Out of Debt Bind
October 5, 2011
Greek Film Shows Way Out of Debt Bind(originally posted June 20, 2011)
"Debtocracy" introduces the concept of "odious debt" and points to strong precedents for repudiating national debt.
"At first we thought this predatory IMF behavior was reserved for the Third World, but now it's clear Europe and America are also in their cross-hairs."
by Henry Makow Ph.D.
"Debtocracy" a 75-minute documentary made for $15K has inflamed popular resistance in Greece by casting the debt crisis in a new light.
Seen on the Internet by over a million Greeks, the film convincingly argues that the debt is a neo-liberal ("Economic Hitman") scam and there are strong precedents for repudiating it.
The brainchild of Costas Lapavitsas, an economist and professor at the School of Oriental and African Studies in London, the film introduces the concept of "odious debt" which was used in 2003 by the United States to renounce Saddam Hussein's $120 B debt to Russia and France.
Defined by Russian economist Alexander Sacks in the 1920's, "odious debt" is incurred by a despotic power, "not for the needs or in the interest of the State, but to strengthen its despotic regime, to repress the population that fights against it, etc., this debt is odious for the population of all the State."
He went on. "This debt is not an obligation for the nation; it is a regime's debt." Sack called it "a personal debt of the power that has incurred it." When this power falls, that debt "consequently . . . falls with the fall of this power."
Sack also considered a debt odious when, "the loans incurred by members of the government or by persons or groups associated with the government to serve interests manifestly personal - interests that are unrelated to the interests of the State." A bribe is an example of a manifestly personal interest.
Now, in order for a debt to be deemed "odious," Sack said that the lender must also be aware that the loan is "contrary to the interests of the nation."
In this case, Professor Sack said, "the creditors have committed a hostile act" against the people. They can't therefore expect that a nation freed from a despotic power will assume the 'odious' debts, which he called "personal debts of that power."
As we shall see, these criteria apply to Greece. But first the film looks at:
EQUADOR
The Illuminati banker - IMF method of absorbing the world's wealth is well documented. They bribe corrupt regimes to incur huge debts for costly boondoggles built by companies owned by the same bankers. Then the bankers make their targets repay these "loans" (created out of thin air) by accepting severe "austerity" programs and privatizing national enterprises and resources.
At first we thought this predatory behavior was reserved for the Third World, but now it's clear Europe and America are also in their cross-hairs.
Rafael Correa, the President of Equador didn't think the majority of his government's income should be used to service the national debt. He ordered an "audit committee" to investigate how this debt was incurred and discovered that 70% of it was due to the corruption of prior regimes.
He renounced that debt. Equador's bonds fell to 20 cents on the dollar. His government secretly bought it back and saved seven billion dollars in interest.
Interestingly, many civil servants at the Ministry of Finance refused to cooperate with the audit committee. This emphasizes that there is always a class which is in cahoots with the bankers and profits at the expense of the people.
GREECE
The banker-owned mass media has put out the story that Greece's problems are due to bloated bureaucracy and a crippled tax system. But "Debtocracy" documents a pattern of wasteful boondoggles from which the bankers and the ruling class benefited.
These include bribes and kickbacks from the German conglomerate Siemens to build the Athens subway system and a $1.1 B boondoggle for "security" at the 2004 Athens Olympic games.
But the most costly expenditure has been billions for unnecessary weaponry -- aircraft and submarines -- bought from European manufacturers owned by the same bankers.
CONCLUSION
It's clear that the Illuminati bankers intend to use debt to enslave and impoverish us. They will use the specter of financial mayhem to extort the money from us.
Like Greece, our governments will have a choice. Either default on the debt or default on the people. Our puppet politicians have been defaulting on us for a long time. We need to use the concept of "odious debt" to ensure they stop now.
The bankers' credit scam cannot go on for ever. Eventually the social contract will break down as is happening in Greece. This is why the bankers are creating a New World Order police state, under the pretext of a war on terror.
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Film available here - Be patient. "Odious Debt" introduced after 30 minutes.
Greeks are all of Us - the stats
Americans are Focus of "Counter-Terrorism" Strategy
Bankrupt America Ruled by Legal Scam?
February 4, 2012
IRS
Whistle Blower Sherry Jackson, left, confirmed the finding that income
tax is voluntary. The IRS is a private corporation and U.S. Citizens are literally classified as Enemy Aliens by this corporation. Standing against the legal
system is the LAWFUL thing to do and participating makes you an
accomplice to fraud and racketeering. by Nathan
Henry, if you have not heard of IRS whistle blower Sherry Peel Jackson (see video) you should read her story. They have tried to put her in a grave to shut her up and she has courageously stood her ground against the tyranny and corruption that has spread like cancer through the body of this country.
She was a fraud investigator for the IRS for over 20yrs and she finally stumbled upon one of the biggest frauds in history, INCOME TAX IS VOLUNTARY! Also, the IRS is a private corporation and a branch of the International Monetary Fund.
One more thing that was not mentioned is that 14th Amendment, Citizens or U.S. Citizens are literally classified as Enemy Aliens to the corporation (federal government/District of Columbia). They claim a government title but in reality are nothing more than a DE FACTO corporation (District of Columbia Organic Act of 1871) and use force and fear to enforce their COLOR OF LAW.
Traitors in this corporation (federal government) helped the central banking class fraudulently declared our DE JURE government (Constitutional Republic) bankrupt and insolvent in 1933 and our DE JURE government (Constitutional Republic) was fraudulently dissolved and all that was left at that point was the DE FACTO corporation (federal government/District of Columbia).
This decade is when we were taken from our DE JURE Common Law into the DE FACTO legal system, which is for corporations (dead entities) and commerce (money). For those who don't know, legal and LAWFUL are not the same thing.
There are no judicial courts in America and there has not been since 1789. Judges do not enforce Statutes and Codes.
Executive Administrators or ACTORS enforce Statutes and Codes. When you are in "court" you are literally standing in front of an ACTOR who presents himself as a legitimate authority but in fact is really enforcing the DE FACTO corporations (federal government/District of Columbia) COLOR OF LAW.
In reality, standing against the legal system is the LAWFUL thing to do and participating makes you an accomplice to fraud and racketeering. If you like to read, research District of Columbia Organic Act of 1871, Federal Reserve Act of 1913, Trading With the Enemy Act of 1917, War Powers Act of 1933, Emergency Banking Relief Act of 1933, and House Joint Resolution 192. This will help shed some light on one of the worlds greatest conspiracies.
I also want to leave you with this quote from another whistle blower by the name of Howard Freeman. I believe this quote was from the early 40's.
"In 1938, all the higher judges, the top attorneys and the U.S. attorneys were called into a secret meeting and this is what we were told:
'America is a bankrupt nation - it is completely owned by its creditors. 'The creditors own the Congress, they own the Executive branch, the Judiciary branch, and they own all the State governments! Take silent judicial notice of this fact, but never reveal it openly. Your court is operating in an Admiralty Jurisdiction. Call it anything you want, but do not call it Admiralty!'"
Howard Freeman goes onto explain:
"The reason they cannot call it Admiralty Jurisdiction is that your defense would be quite different in Admiralty Jurisdiction from your defense under Common Law. In Admiralty, there is no court which has jurisdiction unless there is a valid international contract in dispute. If you know it is Admiralty Jurisdiction, and they have admitted on the record that you are in an Admiralty Court, you can demand that the international maritime contract, to which you are supposedly a party, and which you supposedly have breached, be placed into evidence! (No court has Admiralty Jurisdiction unless there is a valid international maritime contract that has been breached.)
"So you say, just innocently like a lamb, 'Well, I never knew that I got involved with an international maritime contract, so I deny that such a contract exists. If this court is taking jurisdiction in Admiralty, then place the contract in evidence, so that I may challenge the validity of the contract.' What they would have to do is place the national debt into evidence. They would have to admit that the international bankers own the whole nation, and that we are their slaves!
"But, the bankers, at their secret meeting in 1938, instructed the judges and attorneys that it 'is not expedient at this time' to admit that they own everything and could foreclose on every nation of the world. The reason they don't want to tell everyone that they own everything is that there are still too many privately owned guns out there [especially in the United States].
"There are uncooperative armies and other military forces [like the growing militia movement in America]. So, until they can gradually consolidate all armies into a WORLD ARMY [which they have almost accomplished with the UN 'peacekeeping' special forces], and all courts into a single WORLD COURT [which is outlined in the UN Covenant, and signed by 134 countries], it is not 'expedient' to admit the jurisdiction the courts are operating under.
When we understand these things, we realize that there are certain secrets they don't want to admit, and we can use this to our benefit. Since the courts were instructed not to call it 'Admiralty Jurisdiction', they call it 'Statutory Jurisdiction."
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Example of Judicial Deceit
(From EJ) As you may know...
The Georgia judge (Malihi) has ruled against Orly Taiz and the case questioning Obama's eligibility.
"The court finds the testimony of the witnesses, as well as the exhibits tendered, to be of little, if any, probative value, and thus wholly insufficient to support plaintiffs' allegations," he said.
Malihi's decision came without any evidence being presented by Obama or his lawyer after they refused to participate in the required hearing under a state law that mandates all candidates qualify for the office they seek. Malihi essentially tossed all of the information the plaintiffs and their attorneys presented.
Malihi's order looks like it was drafted by Obama's personal attorneys from Perkins Coie.
In regards to the evidence and witnesses, he says, that none of them were persuasive. Well, plaintiffs witnesses were not supposed to prove that Obama is not eligible, plaintiffs were supposed to show, that there is a reasonable doubt. Obama was supposed to provide evidence to overcome this reasonable doubt.
Orly Taiz:
"From now on we have an official anarchy. No rule of law, no real documents exist. Any criminal can create any forgery, post it on line and that would be enough for one to be the President, to be in charge of the military and nuclear weapons. From now on anyone can use stolen social security numbers of deceased individuals from the states, where they never resided . We officially have a free for all, we officially have a mob rule, a criminal enterprise running the nation and we have no judge that will stop this mob."
For all the ignorant sheep watching football tomorrow...you are all dead. The gauntlet has been laid down and beer drinking, snack food munching sheep will be among the first to go when Iran is forced by the Zionist Jews to detonate a nuclear device over the US from the Gulf of Mexico that will push us back into the dark ages...no electrical devices will work...cars, computers, nothing. But damn, wasn't that a great touchdown pass ?
- See more at: http://henrymakow.com/bankrupt_america_under_judicia.html#sthash.7TZTTPom.dpuf
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