William Engdahl punished an excellent analysis of the Greek debt crisis, oil and gas reserves emerging near the battered nation, and the leverage that the US and EU used to buy Greek government owned energy companies on the cheap, just before they strike it rich. The United States government is u to the hips in this. Hillary Clinton’s ambassador for Eurasian energy, Richard Morningstar, is all for the privatization deal and husband Bill has even schmoozed for Noble Energy for Mediterranean oil deals (in Israel).
Call me cynical (or realistic) but it sounds like a Money Party mega swindle: Goldman sells Greece paper it knows will tank; the crisis emerges; normal IMF garbage, er, doctrine is offered – privatize. Clinton and the Germans weigh in and Greece puts up its gas company for nothing when it’s looking at at a $300 bil take for oil and gas revenues over time from the government owned companies.
There’s just one problem if this or a variation of this scenario is true. Everything involving Greece has been fraudulent. The risk factor for the firms acquiring Greek government assets is an unraveling of the plot. But, hey, who cares. It’s quarterly bonus time and if someone challenges them, they’ll just bring those making the charges some democracy Libyan style. Read the rest of this entry »