Greek Prime Minister Antonis Samaras says his country is facing economic upheaval like that of the devastating U.S. Great Depression of the 1930s.
Mr. Samaras made the comparison Sunday as he met with former U.S. President Bill Clinton, who was in the Greek capital to help promote economic investment. Mr. Samaras is faced with trying to revive the Greek economy, now in its fifth year of recession.
“You had the Great Depression in the United States. This is exactly what we are going through now in Greece. It is our version of the Great Depression.”
Greece is trying to win European approval to ease the terms of its newest financial rescue package, the country’s second bailout in two years.
But German Economic Minister Philipp Roesler warned the country would not receive any more money if it does not comply with its commitment to impose more austerity measures to cut the government’s budget. He said the possibility Greece might default on its loans and become the first country to exit the 17-nation euro currency zone has “lost its horror.”
Mr. Clinton criticized European leaders who have made continual financial demands on the Greek government. He said Athens needs to make structural reforms, but a total focus on austerity is misguided.
“But, if every day people are saying, well, it may or may not work, so give us back 100 cents on the dollar, so give us more austerity today, is self-defeating. People need something to look forward to when they get up in the morning, and each needs something to believe in, so they can stake their future here.”
As if to those of us who have researched into them, it wasn’t already a widely known fact that Rockefeller’s JP Morgan Chase Bank is merely an American branch of the Rothschilds’ operation.
Now, they’re simply publicly declaring what was already a fact. Guess there’s no need for ‘secrecy’ when they’re stealing everything before the coming collapse.
Two of the best-known business dynasties in Europe and the US will come together after Lord Jacob Rothschild’s listed investment trust and Rockefeller Financial Services agreed to form a strategic partnership.
RIT Capital Partners is to buy a 37 per cent stake in the Rockefeller’s wealth advisory and asset management group for an undisclosed sum, giving Lord Rothschild’s London-listed trust a much sought-after foothold in the US.
The transatlantic union brings together David Rockefeller, 96, and Lord Rothschild, 76 – two family patriarchs whose personal relationship spans five decades.
The partnership with RIT will focus on setting up investment funds, eyeing joint acquisitions of wealth and asset managers and granting each other non-executive directorships.
RIT Capital Partners is minority-owned by Lord Rothschild and its net assets of £1.9bn are spread across global investments from public equities to government bonds and private equity.
The deal stemmed from a meeting two years ago when Mr Rockefeller introduced Lord Rothschild to the US group’s chief executive, Reuben Jeffery.
In a follow-up meeting one year later at Lord Rothschild’s office at Spencer House in London, the financier won Mr Jeffery’s blessing for opening talks to buy a stake in the Rockefeller group.
He then launched long negotiations with Société Générale Private Banking, which has owned the shareholding since 2008.
The French bank’s wealth management arm has had several suitors for the minority stake – estimated to be worth less than £100m – but Lord Rothschild was the only one supported by the Rockefellers.
Baron David de Rothschild, chairman of the Rothschild Group, is currently bringing the UK-based investment bank under a joint roof with the French family operations.
At the same time Lord Rothschild launched an investment partnership this March with the Franco-Swiss private bank Edmond de Rothschild Group, which is yet another separate branch of the sprawling banking dynasty.
‘The US financial system and, probably, the financial system of Europe, like the police, no longer serves a useful social purpose.
In the US the police have proven themselves to be a greater threat to public safety than private sector criminals. I just googled “police brutality” and up came 183,000,000 results.’
|—||Doug Hagmann DHS Informant|