Tags
Ellen Brown, Extortion, Fiscal and monetary dependence, Global banking, Liquidity as a weapon, Naked Capitalism, The Payment System, The Web of Debt Blog, Yanis Varoufakis
“My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.” — The Godfather (1972)
In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system. Choking off that credit line was a form of blackmail the Greek government couldn’t refuse.
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