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Bankers, Government Austerity: Seizure of public Property for Corporations 


by Wayne Madsen
Wayne Madsen Report
June 15, 2011

What lies in store for Greece, Portugal, Spain, Ireland, Italy, and, in short order, the United States, is the wholesale sell-off of public property to private corporations at bargain basement prices. What the despots who gather in their secretive lairs at Davos, Cernobbio, Bilderberg, and G8/G20 are bringing about is a world where no property is owned by the state, which by default means the people. Total corporate control over every facet of life equals extreme fascism.

What is occurring in Greece is a bellwether for what will befall other nations in Europe, as well as the United States, if the bankers get their way. And in Greece, the people know how generations of investments by the taxpayers are being turned over to vampire capitalists who have the full backing of the International Monetary Fund, European Commission, and the European Central Bank.

The European and global bankers have demanded that the Greek government sell off entirely or assume a minority stake in a number of state enterprises and utilities.

For example, this year global capitalists are slated to acquire 84 percent of OTE, the Greek telecommunications provider. In addition, private bankers will assume 66 percent ownership of the Greek Postal Savings Bank; 51 percent of the National Lottery; 60 percent of the Salonika Water Authority; 68 percent of DEPA, the natural gas utility; and 25 percent ownership of the ports of Piraeus and Salonika.

Next year, the capitalist grab for public property increases in intensity with Athens International Airport coming under 79 percent private ownership. The global capitalists will also obtain 100 percent ownership of the Egniata toll motorway; 60 percent of Hellenic Post; 66 percent of OPAP, the state-run video-lotto and online sports betting firm; 73 percent of the Athens Water Authority; 83 percent of DEI, the Greek Electric Authority; and 51 percent of the Greek Regional Airports Authority.

The Greek Communist Party has vowed to fight against the acquisition of public property by the private sector. In fact, it is the Communist parties of Europe that have been the most vocal against the power grab by the bankers but their opposition to the privatization moves receives very little attention by the corporate-controlled media.

Massive sell-off lists of public property are now being drawn up by the governments of Portugal, Spain, Italy, and Ireland. In the United States, there are calls for the privatization of the US Postal Service, Social Security, and Medicare.

One Libyan government official this reporter spoke to in Tripoli, during an intensive NATO bombing assault, opined that the same fate is in store for the Libyan Socialist Jamahiriyah. With the highest standard of living in Africa, Libyans could witness the U.S.- and NATO-backed rebel government begin to sell off Libyan government assets to global capitalists. The Libyan official said, “These people [global bankers] would sell the air if they could get away with it.”

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About the author: Luis Miranda

Luis R. Miranda is the Founder and Editor-in-Chief at The Real Agenda. His career spans over 19 years and almost every form of news media. He attended Montclair State University's School of Broadcasting and also obtained a Bachelor's Degree in Journalism from Universidad Latina de Costa Rica. Luis speaks English, Spanish Portuguese and Italian.

Response to Bankers, Government Austerity: Seizure of public Property for Corporations

  1. MadeleineT

    There should be a massive class action lawsuit against this bunch of Nazi thugs, they have pushed too far . They have to go. Stripped of their wealth and property which should be divided up by Americans who have lost so much through them and their banks and their constant conspiring against us. The depopulation control and all the rest of it, we will own their wealth among us and their property can be very useful for the homeless . They wil be dragged through the courts for the rest of their lives if need be. Millions will rally to oust them and our Congress and Senate who were supposed to protect and serve and didn’t , they can all get out. We’ll start again with out any of them and their CFR traitors in the pentagon and in office. Send them back to whereever their
    ancestors came from. They may have been born here but they have proven they are
    not Americans, try them for treason and intent to do bodily harm to US citizens, blow up that underground tunnel of theirs and burn down the FEMA camps, this is America not nazi Germany. Its over.

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