Here are the latest analyses posted by Global Research on the various consequences of the global economic crisis and what lies behind the Libor scandal.
Catastroïka, a documentary from the creators of Debtocracy, explores the history of “countries under financial occupation” unveiling what awaits Greece:
It was at the beginning of 1989 when the French academic Jacques Rupnik sat at his desk, in order to prepare a report on the state of the economic reforms in Mikhail Gorbatsov’s Soviet Union. The term that he used in describing the death rattle of the empire was “Catastroika”. In Yeltsin’s time, when Russia instituted maybe the biggest and least successful privatization experiment in the history of humanity, a group of Guardian reports assigned a different meaning to Rupnik’s term. “Catastroika” became synonym of the country’s complete destruction by market forces; the sell off of public property; and the steep deterioration of citizens’ living standards.
Now, Catastroika’s unit of measurement was unemployment, social impoverishment, declining life expectancy, as well as the creation of a new cast of oligarchs, who took over the country’s reins. A few years later, a similar effort to massively privatize public property in unified Germany (which is presented as a model for Greece) created millions of unemployed and some of the biggest scandals in European history. It is this “Catastroika” that is coming soon to Greece; to “Europe’s last Soviet Republic” as the MPs and the ministers of its former “socialist” government liked to call it. (Info about Catastroïka. Watch the documentary on GRTV: Catastroika: Privatisation Goes Public)
But while many countries facing a debt crisis are taken hostage by a series of austerity measures benefiting the financial institutions, reports reveal once again bankers manipulated the banking system to their own advantage, as shown by the Libor scandal, which represents only “the tip of the iceberg”:
Read more.. http://www.globalresearch.ca/index.php?context=va&aid=31974