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Getting to the truth behind modern day mythology. Beware the tall tales coming out of Greece

The narrative now being devised in Athens to reconcile the harsh and brutal new memorandum is getting wilder by the day. The reality to what was offered, what was taken, and what could have been for Greece is much simpler and straight forward than the Athens media spinsters are now presenting.

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Post submitted by Alexander Mercouris.

Ever since the latest bailout agreement, misinformation to justify it has been pouring out of Greece.

Much of this centres on the impracticability of supposed plans for a Grexit and of the “revolutionary” nature of the individuals who hatched them.

Varoufakis has claimed authorship of some of these plans. Others are attributed to the former Energy Minister and leader of Syriza’s Left Platform, Panagiotis Lafantzanis.

Varoufakis’s plan, which he claims to have presented to Tsipras at the last moment as the referendum results were coming in, was for the Greek government to start handing out electronic IOUs in place of a currency. This would have been accompanied by capital controls, the nationalisation of the banks and the seizure of the government’s revenue office and of the Bank of Greece.

Varoufakis claims that this plan was prepared by the five man group based within the Finance Ministry he set up back in February. Apparently this group carried out its work in total secrecy and – in a bizarre twist – even hacked into the Finance Ministry’s own computers in order to prepare its plans.

Meanwhile the Financial Times has published a lurid account of a semi-secret meeting arranged by Lafantzanis and Syriza’ s Left Platform in an Athens hotel, where there was supposedly wild talk of having the governor of the Bank of Greece arrested and of seizing the hoard of euros supposedly stashed away in the Athens mint in order to keep the economy going and to pay for essential imports until a new currency was set up.

No doubt in the desperate situation caused by the Syriza government’s failure to undertake proper and timely preparations for the launch of a new currency all sorts of wild ideas were in circulation.

Not all these ideas were wild. It is constantly overlooked that because the Greek banks were bailed out by the Greek government in 2008 (a major reason why its debt burden became so catastrophically and insupportably high) they are already 80% state owned. “Nationalising” the banks would not therefore have been an act of revolutionary confiscation or of appropriation of private property. It would have simply meant the state taking operational control of the banks by replacing their managements by new managements appointed by and accountable directly to the government.

Implementing extreme steps such as seizing the Bank of Greece and the mint and issuing IOUs would nonetheless have provoked a major crisis in Greece. The economy would have been thrown into turmoil, with much of the population and the business community refusing to accept the IOUs of a bankrupt government as a credible substitute for actual money.

Acting in such a way would also have completely antagonised the EU leaders, who would have been bound to construe such steps as a declaration of economic war, and who would undoubtedly have responded by suspending the Greek government’s participation in the EU’s central institutions on the grounds that it was in breach of the fundamental provisions of Article 2 of the Treaty of the European Union.

Putting all that aside, what no one has explained is why any of these schemes were necessary.

Implicit in Varoufakis’s various “plans” and in the scheme the Financial Times attributes to Lafantzanis is the strange idea that preparing a new currency was something that needed to be done in secret and which would have had to be improvised at the last moment.

Nothing could be further from the truth. Far from the introduction of a new currency being something that would have been resisted across Greece and Europe, we know it would have had the backing of the German Finance Ministry, of Wolfgang Schauble and of the IMF.

According to the British writer Tariq Ali, as long ago as February Schauble was offering Varoufakis 50 billion euros and help with an orderly Grexit. Tariq Ali describes the offer in this way:

“It is now known that Schäuble offered an amicable, organised Grexit and a cheque for 50 billion euros. This was refused on the grounds that it would seem to be a capitulation. This is bizarre logic. It would have preserved Greek sovereignty, and if Syriza had taken charge of the Greek banking system a recovery could have been planned on its terms. The offer was repeated later. ‘How much do you want to leave the Eurozone?’ Schäuble asked Varoufakis just before the referendum. Again Schäuble was snubbed. Of course the Germans made the offer for their own reasons, but a planned Grexit would have been far better for Greece than what has happened.”

No one in Greece is denying this story and in fact I am told it is true.

I recently wrote a piece for Russia Insider in which I said that the claim that Putin rejected a request from Tsipras for $10 billion is – as the Russians say – pure fantasy. We now have indirect confirmation of this from what must ultimately be a Greek source (the one that gave the story to Tariq Ali). Why would Tsipras ask Putin for $10 billion to fund a Grexit when Schauble was offering him 50 billion euros to do the same?

Even as late as the latest EU summit the option of an orderly Grexit was on the table. Schauble – with Merkel’s (alas temporary) backing – actually proposed it. If the Greeks had agreed to it, it would have happened. The IMF, which has made known its complete lack of belief in the viability of the latest bailout, would have backed it.

Greece would have got its 50 billion euros to help it support the new currency, Schauble and the Germans would have ensured that the ECB provided the necessary liquidity to the banks to keep the banks operating until the new currency was ready, the banks could have been nationalised by mutual agreement – there being as I have said nothing revolutionary about this – capital controls would have been imposed until the new currency was ready (the Germans agreed to this when Cyprus imposed them, so why would they refuse it if sought by Greece?) and control of the Bank of Greece, the mint and the revenue service would have been transferred back to the Greek government as an indispensable element in an orderly and agreed Grexit. Meanwhile the Russians, as I reported previously, were prepared to help with essential imports of energy and (probably) food.

The Financial Times in its hit piece says the process of introducing a new currency would have taken 6-8 months, which is much less than the 18 months Varoufakis has claimed.

Actually that is far too pessimistic. The former British cabinet minister John Redwood has guesstimated it would have taken no more than 3 months. In my opinion, given financial help from the EU and the IMF and technical support e.g. from Russia, the whole process could have been carried out from beginning to end in the space of a few weeks.

Once Greece was out of the eurozone it could have agreed – if it wanted – a formal restructuring as part of a package negotiated with the IMF (the alternative of a default on the entire debt might have done irreparable damage to relations with the creditor countries). The conditions would doubtless have been tough but they would hardly have amounted to the psychopathic agreement we have now. With Greece outside the eurozone and able to regain competitiveness through a devaluation there would have been a real chance that whatever was agreed would succeed.

However one spins the ball, the reality has to be faced: a Grexit did not happen not because it was difficult to do but because the Syriza government didn’t want it.

All claims to the contrary are fairy tales, whilst the malicious spreading of stories about the various plans that were hatched in the desperate final hours before Greece’s final capitulation is being done purposefully by those who want to discredit the idea of a Grexit and those who support it.

As for the perennial claim that the Greek people want to cling on to the euro no matter what, I have previously said why since the referendum I no longer believe that claim despite what the opinion polls are alleged to say.

In my opinion far too many people go on giving Tsipras and Syriza the benefit of the doubt even though the extent of their incompetence and of their double-dealing is becoming simply impossible to ignore.

Varoufakis has in fact now admitted that the real Plan B if the negotiations for a debt write-off failed was not a Grexit – his claims to have prepared for one is so much smoke and mirrors – but a resignation of the government and the formation of a “government of national unity” consisting of the old oligarchic pro-EU parties to sign a bailout package in place of Syriza. In Varoufakis’s own words

“We are going to do all it takes to bring home a financially viable agreement. We will compromise but not be compromised. We will step back just as much as is needed to secure an agreement-solution within the Eurozone. However, if we are defeated by the catastrophic policies of the memorandum we shall step down and pass on the power to those who believe in such means; let them enforce those measures while we return to the streets.”

No word here of any plan for a Grexit.

This by the way surely provides final confirmation that my previous statement – doubted by some – that the Ambrose Evans-Pritchard story that Tsipras called the referendum in expectation of a Yes vote so as to give himself political cover to resign is true.

In my opinion such a resignation of a government elected just a few months before to bring an end to austerity would have been an extraordinary act of abdication of responsibility.

Regardless it is not what Tsipras and Syriza did.

Instead of resigning when they failed to secure a debt write-off they chose to remain in power and negotiated for Greece an even worse deal than the one they had previously rejected.

Instead of admitting that Schauble offered him a dignified way out, Varoufakis is now also busy spreading a fantastic story that Schauble was throughout plotting to expel Greece from the eurozone so that he could terrorise France to accept the economic medicine he suoposedly wants to impose on it. Varoufakis is actually claiming that Schauble told him as much.

Varoufakis’s precise words are:

“Schauble believes that the eurozone is not sustainable as it is. He believes there has to be some fiscal transfers, some degree of political union. He believes that for that political union to work without federation, without the legitimacy that a properly elected federal parliament can render, can bestow upon an executive, it will have to be done in a very disciplinary way,”

“And he said explicitly to me that a Grexit is going to equip him with sufficient terrorising power in order to impose upon the French, that which Paris has been resisting: a degree of transfer of budget making powers from Paris to Brussels.”

Does anybody seriously believe that if Schauble really did have such a plan he would have shared it with Varoufakis of all people?

The reality, as I have always said, is that Schauble adamantly opposes a debt write-off for Greece whilst it remains part of the eurozone not because he wants to terrorise France into submission but because of the disastrous precedent such a write-off might provide to other heavily indebted and bailed out eurozone states like Portugal, Spain, Cyprus and Ireland.

Obviously that is not sinister enough for Varoufakis – who has never shown the slightest understanding of Schauble’s position – which is why he attributes this bizarre plan to him.

Sad to say it seems Varoufakis was already spreading his fable about Schauble’s wicked plan to use Greece in order to terrorise France whilst the negotiations were actually underway – one reason surely why Schauble came to dislike him so much.

It could be that Varoufakis misunderstood something Schauble said to him. However I have to say that it also looks rather like an attempt by Varoufakis to play the French and the Germans off against each other – in much the same way that Tsipras was trying to play the Russians and the Europeans (and Americans) off against each other. Needless to say the ploy failed.

In fairness to Tsipras, Varoufakis and Syriza, though their tactics were manipulative and duplicitous, their objective was always what they said it was: to keep Greece in the eurozone whilst securing an end to austerity and a debt write-off.

Most people – including me – assumed that as it became clear this was impossible they would drop the euro in order to end austerity and secure the debt write-off.

In fairness to him, that is the position, when all else failed, that Varoufakis eventually adopted, though the plan he came up with is testament to his failure to prepare for a Grexit properly, as he should have done.

In Tsipras’s case however it is now clear he always intended the opposite – to drop the plan to end austerity and get a debt write-off so as to hang on to the euro.

I still come across from time to time a strange idea that Tsipras and Syriza are agents of Soros and of the CIA.

Nothing they have done in power is consistent with that theory, which my sources insist is untrue.

By contrast I am slowly coming round to what anyone who knows Greece well would judge an altogether more plausible theory – that Tsipras and the Syriza government were a device cooked up by a part of the oligarchy to scare the Germans into granting Greece a debt write-off whilst keeping Greece in the Eurozone. The calculation was that a “pro-Russian”, “ultra left” leader, who “might fall into Putin’s embrace” was more scary and would have a better chance of securing a debt write-off than a more conventional conservative. Once it became clear that the scare wasn’t going to work, the Syriza project was shelved.

To those who say this is too complicated, my response is that for the Greek oligarchy nothing is too complicated.

This will be my working hypothesis from now on. I am planning to visit Greece soon and whilst there I will undertake certain enquiries to see if I can find out whether or not this hypothesis is true.

In the meantime I would ask people to keep a cool head in the face of all the nonsense that is now coming out of Greece. I am afraid that it is not without good reason we are known as the land of myths, legends and wondrous tales. There are far too many of those circulating over the last few days and people should be careful before they fall for them.

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Pat Buchanan: “The Late Hit” On Judge Kavanaugh

Wha exactly is professor Ford’s case against Judge Kavanaugh?

Patrick J. Buchanan

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Authored by Patrick Buchanan via Buchanan.org:


Upon the memory and truthfulness of Christine Blasey Ford hangs the Supreme Court nomination of Judge Brett Kavanaugh, his reputation and possibly his career on the nation’s second-highest court.

And much more. If Kavanaugh is voted down or forced to withdraw, the Republican Party and conservative movement could lose their last best hope for recapturing the high court for constitutionalism.

No new nominee could be vetted and approved in six weeks. And the November election could bring in a Democratic Senate, an insuperable obstacle to the elevation of a new strict constructionist like Kavanaugh.

The stakes are thus historic and huge.

And what is professor Ford’s case against Judge Kavanaugh?

When she was 15 in the summer of ’82, she went to a beer party with four boys in Montgomery County, Maryland, in a home where the parents were away.

She says she was dragged into a bedroom by Brett Kavanaugh, a 17-year-old at Georgetown Prep, who jumped her, groped her, tried to tear off her clothes and cupped her mouth with his hand to stop her screams.

Only when Kavanaugh’s friend Mark Judge, laughing “maniacally,” piled on and they all tumbled off the bed, did she escape and lock herself in a bathroom as the “stumbling drunks” went downstairs. She fled the house and told no one of the alleged rape attempt.

Not until 30 years later in 2012 did Ford, now a clinical psychologist in California, relate, in a couples therapy session with her husband, what happened. She says she named Kavanaugh as her assailant, but the therapist’s notes of the session make no mention of Kavanaugh.

During the assault, says Ford, she was traumatized. “I thought he might inadvertently kill me.”

Here the story grows vague. She does not remember who drove her to the party. She does not say how much she drank. She does not remember whose house it was. She does not recall who, if anyone, drove her home. She does not recall what day it was.

She did not tell her parents, Ford says, as she did not want them to know she had been drinking. She did not tell any friend or family member of this traumatic event that has so adversely affected her life.

Said Kavanaugh in response, “I categorically and unequivocally deny this allegation. I did not do this back in high school or at any time.”

Mark Judge says it never happened.

Given the seriousness of the charges, Ford must be heard out. But she also needs to be cross-examined and have her story and character probed as Kavanaugh’s has been by FBI investigators as an attorney for the Ken Starr impeachment investigation of Bill Clinton, a White House aide to George Bush, a U.S. appellate judge and a Supreme Court nominee.

During the many investigations of Kavanaugh’s background, nothing was unearthed to suggest something like this was in character.

Some 65 women who grew up in the Chevy Chase and Bethesda area and knew Kavanaugh in his high school days have come out and spoken highly of his treatment of girls and women.

Moreover, the way in which all of this arose, at five minutes to midnight in the long confirmation process, suggests that this is political hardball, if not dirt ball.

When Ford, a Democrat, sent a letter detailing her accusations against Kavanaugh to her California congresswoman, Anna Eshoo, Ford insisted that her name not be revealed as the accuser.

She seemingly sought to damage or destroy the judge’s career behind a cloak of anonymity. Eshoo sent the letter on to Sen. Diane Feinstein, who held it for two months.

Excising Ford’s name, Feinstein then sent it to the FBI, who sent it to the White House, who sent it on to the Senate to be included in the background material on the judge.

Thus, Ford’s explosive charge, along with her name, did not surface until this weekend.

What is being done here stinks. It is a transparently late hit, a kill shot to assassinate a nominee who, before the weekend, was all but certain to be confirmed and whose elevation to the Supreme Court is a result of victories in free elections by President Trump and the Republican Party.

Palpable here is the desperation of the left to derail Kavanaugh, lest his elevation to the high court imperil their agenda and the social revolution that the Warren Court and its progeny have been able to impose upon the nation.

If Kavanaugh is elevated, the judicial dictatorship of decades past, going back to the salad days of Earl Warren, William Brennan, Hugo Black and “Wild Bill” Douglas, will have reached its end. A new era will have begun.

That is what is at stake.

The Republican Senate should continue with its calendar to confirm Kavanaugh before Oct. 1, while giving Ford some way to be heard, and then Kavanaugh the right to refute. Then let the senators decide.

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Arizona Senator Jeff Flake Opposes Vote on Kavanaugh Until Leftist Accuser Has Her Say

The end of the Republic inches closer as Identity Politics knows no bounds: Republicans join the fight to delay Brett Kavanaugh confirmation vote.

Alex Christoforou

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Via The Gateway Pundit


FLAKE OUT — ARIZONA SENATOR OPPOSES VOTE ON KAVANAUGH

Anti-Trump Senator Jeff Flake, a member of the Senate Judiciary Committee, said in an interview Sunday evening that until he learns more about the sexual assault allegation regarding Brett Kavanaugh, he is “not comfortable voting yes” on Kavanaugh.

It’s Flakes last chance to poke President Trump and the country in the eye before he rides retires and likely finds a job in the liberal media.

Via Mike Cernovich:

Kavanaugh’s accuser is a far left anti-Trump activist.

Via Zerohedge


Over the past few days, what appeared at first to be a merely token resistance to the nomination of Trump SCOTUS pick Brett Kavanaugh has morphed into something entirely more menacing. And for the first time since Kavanaugh’s name was first floated in June, his nomination may be in jeopardy.

After allegations of decades-old sexual improprieties first surfaced last week, it looked as if Kavanaugh would easily surmount this obstacle. But we have to give the Democrats credit: They have lined up their dominoes perfectly. And on Sunday, they set their plan in motion when the Washington Post published an in-depth interview with Kavanaugh’s accuser, Christine Blasey Ford. The story detailed a blow-by-blow accounting of Ford’s allegations, as well as her explanation for why she neglected to share her experience until decades later. Tellingly, the story also noted that Democrats have been sitting on the story since July, and that Ford only decided to out herself after some unscrupulous members of the Judiciary Committee shared her identity with the press – or at least that’s what California Sen. Dianne Feinstein’s office alleges.

While the allegations are relatively tame by #MeToo era standards (the incident allegedly unfolded when Kavanaugh was 17), it has apparently been enough for Democrats and a handful of turncoat moderate Republicans to successfully shut down a planned Thursday vote of the Judiciary Committee. Arizona Sen. Jeff Flake effectively shut down the vote last night when he revealed that he wanted to hear more from Ford before voting. Without Flake, the Republicans’ 11-10 majority on the Judiciary Committee shifts to a 10-11 vote in favor of the Democrats. While Committee Chairman Charles Grassley has said he’d like the vote to proceed as scheduled, media reports say he is quietly working to organize a private call involving Ford and curious Senators in an effort to help mitigate their concerns.

But looking further ahead, Republican leaders might have more difficulty as Tennessee Republican Bob Corker – who is not a member of the Judiciary Committee but could still hold up the final confirmation vote – said Sunday that he’d also like to see Thursday’s committee vote delayed.

Here’s more from Bloomberg:

“I’ve made it clear that I’m not comfortable moving ahead with the vote on Thursday if we have not heard her side of the story or explored this further,” said Flake, who has the power to stall consideration if all Democrats on the panel join him since Republicans only hold an 11-10 majority on the committee. Flake’s office didn’t respond to requests for comment.

Corker of Tennessee, who isn’t a member of the panel but whose vote is critical to confirmation, also doesn’t want the committee to vote on Kavanaugh’s confirmation until Ford’s allegations can be heard, said his spokeswoman, Micah Johnson. The senator wants the allegations to be heard promptly, she said.

The backlash intensified late Sunday when Alaska Sen. Lisa Murkowski told CNN that Thursday’s hearing should be delayed.

“Well, I think that might be something they might have to consider, at least having that discussion,” Murkowski.

[…]

“This is not something that came up during the hearings. The hearings are now over. And if there is real substance to this it demands a response.”

However, at least one of the Senate’s reputed moderates has stood up to the Democrats in an interview with the New York Times, castigating them for withholding this information until so late in the process (remember: Feinstein justified this decision by saying she had referred Ford’s allegations to the FBI, who reportedly added them to his background check file).

“What is puzzling to me is the Democrats, by not bringing this out earlier, after having had this information for more than six weeks, have managed to cast a cloud of doubt on both the professor and the judge,” Collins told The New York Times.

Collins asked if Democrats believed Ford, “why didn’t they surface this information earlier,” and if they didn’t believe Ford, “why did they decide at the 11th hour to release it?”

“It is really not fair to either of them the way it is was handled,” Collins said.

Collins comments come after Ford spoke publicly about the alleged incident for the first time during an interview with The Washington Post that was published on Sunday.

On Monday, in the latest sign that Ford could appear at an embarrassing public hearing, Ford’s attorney, Debra Katz, told “Today” that her client would be willing to testify publicly before the Senate Judiciary Committee. “She’s a credible person. These are serious allegations. And they should be addressed.”

The White House, for its part, is standing by Kavanaugh, and allowing the Senate to sort things out. According to Bloomberg, Kellyanne Conway said Ford should not be “insulted and ignored” in what appears to be an attempt to beat the Democrats at their own virtue-signaling game.

Still, according to a White House spokesperson, Trump isn’t giving an inch. Washington Post reporter Seung Min Kim, citing WH spokesperson Kerri Kupec, reported that Judge Kavanaugh “categorically and unequivocally” denied this allegation: “This has not changed. Judge Kavanaugh and the White House both stand by that statement,”she said.

In fact, as Axios reports, Senate Republicans could “play hardball” by calling on Ford to testify before Thursday’s scheduled vote. Though Republicans wouldn’t surprised if Ford holds a press conference or gives a TV interview, which Axios says “would raise the stakes considerably.” Chuck Schumer, meanwhile, has repeatedly called for an FBI investigation and a postponement of the vote

To be sure, the Democrats’ goals here are obvious. After Sen. Corey Booker’s “selfless” decision to release unauthorized documents about Kavanaugh’s time in the Bush Administration failed to even delay the process, Democrats have now played their Trump card – no pun intended. Their goal: Delay Kavanaugh’s confirmation at least until the Oct. 1 mark – the beginning of SCOTUS’s next term – to put a halt to any controversial decisions that could reverse important precedents. Of course, their ultimate goal is to stonewall the White House until after Nov. 6, when a few victories in the midterms might allow them to sink Kavanaugh’s nomination once and for all.

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University announces “White Awake” safe space for white students

The University of Maryland at College Park has set up a new diversity support group to create a “safe space” for white students to discuss their feelings.

Campus Reform

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Via Campus Reform:


Update: After publication of this article, University of Maryland-College Park changed the name of the group to “Anti-Racism and Ally Building Group,” along with a shorter description, which reads,  “Do you want to improve your ability to relate to and connect with people different from yourself? Do you want to become a better ally? Members will support and share feedback with each other as they learn more about themselves and how they can fit into a diverse world.”

In a statement provided to Campus Reform on Friday, the university explained the name change: “Our Counseling Center acknowledges that we did not choose the right words in raising awareness about this research-based initiative, and how this group has been perceived is counter to the values of inclusiveness and diversity that we embody. Therefore, we are renaming the group to better reflect our intention and values.”


The University of Maryland at College Park announced Friday a new diversity support group to create a “safe space” for white students to discuss their feelings about “interactions with racial and ethnic minorities.”

The support group, called “White Awake,” will help white students who may “sometimes feel uncomfortable and confused before, during, or after interactions with racial and ethnic minorities.”

“This group offers a safe space for White students to explore their experiences, questions, reactions, and feelings,” the description explains. “Members will support and share feedback with each other as they learn more about themselves and how they can fit into a diverse world.” The description asks students if they want to “improve [their] ability to relate to and connect with people different from [themselves]” or if they want to become a better “ally.” The new group is now one of four in the university’s “Diversity Issues” program series.The group is being led by Noah Collins, who works for the UMD Counseling Center, and will be held once a week. Collins specializes in group therapy and is interested “especially in the areas of racial and cultural awareness,” according to his faculty bio.The safe space has been met with harsh criticism from students on social media.

“I am ashamed over the execution of white awake nor do I fully understand its clause. ‘How they can fit into a diverse world’? Why do they need to attend therapy sessions on how to be a decent human being in society?” a UMD student wrote on Twitter. “Why do they need to have these sessions to learn how to coexist?”

“Just like classes. You can’t take one class and feel like you have all understanding over a certain subject,” the student added. “It takes practice, it takes problems, it takes more than one course, so ‘White Awake’ has good intention but I am skeptical over the fairytale result.”

Campus Reform reached out to Collins and UMD for comment but did not receive a response by time of publication. If and when a comment is received, the article will be updated.


Follow the author of this article on Twitter: @Grace_Gotcha

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