The Firesale Begins: Tsipras Agrees To Sell Greek Assets

Posted by on April 28, 2016 in Bankers & Wall St., Government with 8 Comments

By Joshua Krause | Activist Post

Greek Prime Minister Alexis Tsipras and Warren Buffett

Greek Prime Minister Alexis Tsipras and Warren Buffett

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 million 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.

This article may be re-posted in full with attribution.

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8 Reader Comments

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  1.' Jason Caruso says:

    The idea that student debt has exceeded credit card debt in the US is all the proof you need of the evil that we live amongst. The banks bought your future and you have to try and buy it back, almost enslaving you. The more things change, the more they stay the same

  2.' Thomas Gilligan says:

    Why do people let this happen? Why does this happen in modern civilization? Why do people give up so easily and become so defenseless to pathetic fucking government, corporations, and politicians??? Apathy and cowardice… When this dystopian agenda isn’t comfortably convenient to what you want or need in life and becomes more obviously detrimental to your ability to thrive and survive in peace and happiness but instead the system and structure of society threatens humanity and life on earth… Will you defend yourself from them? Will you keep running no matter how long they chase you and try to cage you? Will you have any excuses left?

  3. Selfcenteredsuzie@yahoo.Com' Suzie says:

    Let me say this. I have two kids in university on full scholarships. Why because they worked In highschool, maintained a high GPA joined clubs, sports and volunteered. Came straight home from school staying up until 1am doing homework. That’s how you get a free education in the United States, apply yourself! I’m sick of hearing about student loans and how the banks enslave you for an education BS! You were lazy in high school had to much fun or some other reason that is entirely your own fault. My daughters class of 2012 had 1.2 million just in academic scholarships. 300,000 went to one young man from MIT. Less complaining more working so you can pay those lenders who loaned you for an education you chose to borrow instead of earn.

  4. Selfcenteredsuzie@yahoo.Com' Suzie says:

    Where is the muslim billionaire that wanted to buy an island for the Syrian refugees? I guess he’s a slacker to.

  5.' Rosemarie Lucas says:

    So sad

  6.' John Qatsha says:

    Can someone help me please ( without being condescending. I ask because I don’t know and don’t want to make a stupid comment)
    Not they continually pay for social programs that they can’t afford? And if you continually borrow and never pay back isn’t this their own fault?
    No one can continue to spend money that they don’t have and expect there to be no consequences

  7.' Edwin Deboer says:


  8.' Marc Simoneau says:

    LES BANQUES , ENCORE DES TI – NAMIS DU COMPLOT MONDIAL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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