Greece is under attack by a new mode of warfare as deadly as a military attack

Greece is under financial attack just as deadly as a military attack, says Mike Hudson. Finance is war. And for the first time, debtor countries are realizing that they are in a state of war.

Eurozone financial strategists made it clear that they wanted to make an example of Syriza as a warning to Spain’s Potemos party, and anti-euro parties in Italy and France. The message was supposed to have been, “Avoid our austerity and we will cause chaos. Look at Greece.”

But the rest of Europe is interpreting the message in just the opposite way: “Remain in the eurozone and we will only create money to strengthen the financial oligarchy, the 1%. We will insist on budget surpluses (or at least, no deficits) so as to starve the economy of money and credit, forcing it to rely on commercial banks at interest.”

Greece has indeed become an example. But it is an example of the horror that the eurozone’s monetarists seek to impose on one economy after another, using debt as a lever to force privatization selloffs at distress prices.

In short, finance has shown itself to be the new mode of warfare. Resisting debt leverage and financial conquest is as legal as is resisting military invasion.

How Greece was invaded by finance: the new mode of warfare

See also: First step for Greece to end austerity: slash its monstrous military spending »

Join Stop the War
The campaign against the British government's war policies continues. If you are angry at Parliament voting for the UK's fourth war in 14 years, and sickened by MPs cheering the bombing of Syria:
Join Stop the War now »

Red Button