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A Greek Tragedy Playing Out Today

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By Catherine J. Frompovich

The Greek people have been known throughout history for two social contributions: developing the form of governance known as “democracy” and for their classic drama plays, which usually are referred to as “Greek tragedies.”

Little did the Greek people think that they would be living a very real life, true Greek tragedy that has unfolded with uncanny drama: Banks closed for a week, maybe longer; 60 Euros as a “daily ATM allowance”; all while probably becoming a poster child for what may be the eventual undoing of the European Union. How so?

Well, other EU countries apparently also find themselves in similar bankster-influenced straits: Spain, Italy, and even the UK [8,9]. Germany and France are offering ideas to save Greece, plus the European Union. However, Austria, a country with excellent and vibrant financial health, is pondering leaving the EU because it doesn’t want to be forced to finance any more rat holes, which the EU compact apparently has facilitated.

Years ago, before the EU was “designed and implemented,” every European country did rather well on its own. I think I can attest to that, as I traveled in Europe numerous times before the EU was formed. However, when globalization ideas and practices took over to form compacts like the European Union, a special monetary system—the Euro (€) had to be put in place. A similar system is planned in the New World Order playbook for the three North American countries with that new money to be called the “Amero”[1]. Needless to say, we see the New World Order, so often touted as a “conspiracy theory,” unfolding before our eyes. Sweden and much of Scandinavia operate as a “cashless trading society.”

Spain [2] and Italy [3] have their financial problems too! Let’s not forget Cyprus, Ireland and Portugal!

However, the Greeks seem to have decided they have had enough of financial ‘slavery’, not relishing a possible 30 percent bank accounts ‘haircut’ [4], so they did something that other countries maybe ought to consider doing. The Greeks generated a parliamentary report titled “The Truth Committee on Public Debt,” a 64 page document issued by the Hellenic Parliament.

According to the Report’s Executive Summary, some very interesting issues are spotlighted, such as in Chapter 8, Assessment of the debts as regards illegitimacy, we find this:

Chapter 8 concludes that the Greek public debt as of June 2015 is unsustainable, since Greece is currently unable to service its debt without seriously impairing its capacity to fulfill its basic human rights obligations. Furthermore, for each creditor, the report provides evidence of indicative cases of illegal, illegitimate and odious debts.

Debt to the IMF should be considered illegal since its concession breached the IMF’s own statutes, and its conditions breached the Greek Constitution, international customary law, and treaties to which Greece is a party. It is also illegitimate, since conditions included policy prescriptions that infringed human rights obligations. Finally, it is odious since the IMF knew that the imposed measures were undemocratic, ineffective, and would lead to serious violations of socio-economic rights.

An interesting opinion, I’d venture to say, could be this: Can the Report’s critical assessment be considered an important and unsuspected discernment of banksters’ and financiers’ ultimate Modus Operandi? Furthermore, as a natural follow-up question: Does that sort of MO operate in financial transactions at the International Monetary Fund and filter into the World Bank and the U.S. Federal Reserve? There are 188 countries [6] in the International Monetary Fund. Guess who’s the Managing Director of the IMF? Christine Lagarde! She gave a most unusual—almost occult—talk about the magic number 7 early in 2014. [5]

In the IMF’s 70-year history, no country has ever defaulted on the IMF!

Chapter 9, Legal foundations for repudiation and suspension of the Greek sovereign debt, reverberates with:

Several legal arguments permit a State to unilaterally repudiate its illegal, odious, and illegitimate debt. In the Greek case, such a unilateral act may be based on the following arguments: the bad faith of the creditors that pushed Greece to violate national law and international obligations related to human rights; preeminence of human rights over agreements such as those signed by previous governments with creditors or the Troika; coercion; unfair terms flagrantly violating Greek sovereignty and violating the Constitution; and finally, the right recognized in international law for a State to take countermeasures against illegal acts by its creditors, which purposefully damage its fiscal sovereignty, oblige it to assume odious, illegal and illegitimate debt, violate economic self-determination and fundamental human rights.


In response to those who impose unjust measures, the Greek people might invoke what Thucydides mentioned about the constitution of the Athenian people: “As for the name, it is called a democracy, for the administration is run with a view to the interests of the many, not of the few” (Pericles’ Funeral Oration, in the speech from Thucydides’ History of the Peloponnesian War).

The Greeks are digging in, and rightfully so. Consider what Iceland did with their bankster problem. “Iceland Imprisoned Its Bankers And Let Banks Go Bust: What Happened Next in 3 Charts.” Iceland, basically, feels it can go it alone, and its economy is rebounding. [7] That should be a great lesson for Greece and all countries that feel oppressed by banksters.

When will the USA come to that conclusion?

But a question much closer to the U.S. homeland possibly could be: Can the Greek financial tragedy be considered some sort of ‘natural entropy’ that’s endemic to a predatory banking system?

Hat Tip to James Corbett of the Corbett Report.




European Debt Crisis

Economies of the Member States

Timeline: The unfolding Eurozone crisis

Big banks run everything: Austerity, the IMF and the real story about world economy that the media won’t tell you

Catherine J Frompovich (website) is a retired natural nutritionist who earned advanced degrees in Nutrition and Holistic Health Sciences, Certification in Orthomolecular Theory and Practice plus Paralegal Studies. Her work has been published in national and airline magazines since the early 1980s. Catherine authored numerous books on health issues along with co-authoring papers and monographs with physicians, nurses, and holistic healthcare professionals. She has been a consumer healthcare researcher 35 years and counting.

Catherine’s latest book, published October 4, 2013, is Vaccination Voodoo, What YOU Don’t Know About Vaccines, available on

Her 2012 book A Cancer Answer, Holistic BREAST Cancer Management, A Guide to Effective & Non-Toxic Treatments, is available on and as a Kindle eBook.

Two of Catherine’s more recent books on are Our Chemical Lives And The Hijacking Of Our DNA, A Probe Into What’s Probably Making Us Sick (2009) and Lord, How Can I Make It Through Grieving My Loss, An Inspirational Guide Through the Grieving Process (2008)


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