The Firesale Begins: Tsipras Agrees To Sell Greek Assets

By Joshua Krause

It’s never been more obvious that Greece has been sold out to the banks. Like many countries before, their nation has been scheduled to endure poverty and chaos, followed by a firesale of their assets.

The latest evidence of their nation’s capture by the banks, is the selling of their numerous islands to wealthy buyers.

American business magnate, one of the world’s most successful investors, Warren Buffett has reportedly bought the Greek island of Agios Thomas for 15 mln euro, according to the website of the Greek newspaper Proto Thema and became yet another celebrity with his own piece of Greece.

The newspaper says the deal was made in partnership with Italian real estate magnate, millionaire Alessandro Proto.

The two men closed the deal for a reported 15 million euros last Thursday. The businessmen released a joint statement saying that they intended to invest in the island of Agios Thomas, also referred to as St. Thomas, located on the northwestern side of the island of Egina in the Saronic Gulf.

They plan to “build property in an effort to help the wider region develop.”

The island, 300 acres in size, was earlier available for sale over the internet at 15 mln euro.

If confirmed, this is yet another purchase of a Greek island by a foreign celebrity. Earlier this week Hollywood star Johnny Depp purchased an uninhabited Greek island of Stroggilo for 4.2 mln euro.

Of course, the value of these islands is hardly enough to pay down their massive debt, and that’s kind of the point. When the banks own your country, they’re not interested in liberating you from your financial slavery. Before you ever get around to repaying those debts, or defaulting, they’ll use austerity to bring your country to the brink of chaos, and buy up everything for pennies on the dollar, and make a handsome profit as the country recovers on their terms.

Prime Minister Tsipras has sold out to these financial interests; and the firesale of all Greek assets, not just their paltry islands, is well on its way.

ATHENS – On July 12, the summit of eurozone leaders dictated its terms of surrender to Greek Prime Minister Alexis Tsipras, who, terrified by the alternatives, accepted all of them. One of those terms concerned the disposition of Greece’s remaining public assets.

Eurozone leaders demanded that Greek public assets be transferred to a Treuhand-like fund – a fire-sale vehicle similar to the one used after the fall of the Berlin Wall to privatize quickly, at great financial loss, and with devastating effects on employment all of the vanishing East German state’s public property.

This Greek Treuhand would be based in – wait for it – Luxembourg, and would be run by an outfit overseen by Germany’s finance minister, Wolfgang Schäuble, the author of the scheme. It would complete the fire sales within three years. But, whereas the work of the original Treuhand was accompanied by massive West German investment in infrastructure and large-scale social transfers to the East German population, the people of Greece would receive no corresponding benefit of any sort.

This is how the sovereignty and prosperity of a nation is sucked away by the financial elites of the world. But Greece isn’t the only bank-owned nation. The USI (United States Incorporated) has been thoroughly captured by the banking class, and once its usefulness as a war-fighting machine is finished; austerity, riots, and firesales won’t be far behind.

Joshua Krause is a reporter, writer and researcher at The Daily Sheeple. He was born and raised in the Bay Area and is a freelance writer and author. You can follow Joshua’s reports at Facebook or on his personal Twitter. Joshua’s website is Strange Danger.

Activist Post Daily Newsletter

Subscription is FREE and CONFIDENTIAL
Free Report: How To Survive The Job Automation Apocalypse with subscription

5 Comments on "The Firesale Begins: Tsipras Agrees To Sell Greek Assets"

  1. The sky’s the limit with a disarmed population.

  2. Central banks – the beast system – keeping all the hard working blue collar types in debt and slavery.

    the beast system is designed to keep us in debt and stress combined w/ the pharma system keeps us dependent.
    Agenda21v2.0 gold collar criminals go forth and build ugly apartments and charge outrages amounts to keep ‘them’ from owning anything – get on the train go to work – go back to the apartment and repeat.
    Eat yer synthetic meal and take yer synthetic shots and pills.

    the good book other wise known as the bible or ‘The WORD’ tells us usury fees are bad.

    A new independent banking system is needed – as is the case of e/o 11110.

  3. George Reichel | July 22, 2015 at 1:45 pm | Reply

    Looking like Tsipras was a bankster agent all along,huh?Need to look more into his background.

    • Jim McMexico | July 23, 2015 at 8:09 pm | Reply

      Need to prosecute him for treason, remove him from office, and imprison him for the rest of his life.

  4. Shadow Machine | July 22, 2015 at 5:19 pm | Reply

    What a beautiful country laid to rest. This is what happens…., they hate the beauty and the culture and set on destroying it or taking for their own. Once in the grips of debt slavery, very hard to get out without the tribulation of initial suffering. I had hoped they would be strong enough to resist, but seems it is not so. The old probably wonder what has happened to their lives and now scared of anyone but close family. The young will be vocal and will have to be the future voice of the homeland if they are to survive as the Greece they know. The routing has begun. All countries take heed and get your houses in order.

Leave a comment

Your email address will not be published.