Using the manipulative tool of “Finance Capital” to exploit the troubled budgetary policies of Greece, recent news has revealed that the New York Zionist Investment firm, Goldman Sachs, engaged in a controversial “currency swap” with the Greek government in 2002 during Greek Prime Minister Constantine Simitis’ term as head of state.
Simitis, whose real name is Aaron Avouris, a Zionist, was the key player along with Lucas Papademos, who was Governor of the Bank of Greece at the time and former senior economist of the Federal Reserve Bank of Boston, in brokering the deal with Goldman Sachs.
EU authorities are now “demanding” details of the transaction although Greek officials assert that Eurostat, the EU’s statistics office, was “well aware” of the 2002 swap from the outset. (Of course, the Jews who own the European Central Bank were “well aware” of the entire affair prior to the transaction.)
Goldman Sachs was the clear winner in the deal – with Greece being the clear loser. The deal involved a cross-currency swap in which some €10 billion in Greek-debt, issued in dollars and yens to Greece, was swapped for Euro-debt to be repaid in euros, using a “fictional” exchange rate. Goldman also earned a hefty commission on the trade, charging Greece $300 million as managers of the LOAN and later selling the swap to a Greek bank in 2005.
By using an artificially high exchange rate that didn’t accurately denote the market value of the euro, Goldman Sachs effectively advanced Greece only a €2.8 billion loan, yet on the books, the larger figure of €10 billion was the principal upon which Greece had agreed to repay with interest.
The exchange rate that Goldman Sachs selected for the transaction was determined by the very low level of the euro at the time—trading at around 85 U.S. cents—the Greeks thinking they got the better of the arrangement.
However, once the deal was made, the dollar dropped far lower than the euro, leaving Greece obligated to pay back the LOAN with a strong euro against a weak dollar. With Greece now up to their ears in greater debt, Goldman Sachs is reveling in their $24 million return on the transaction.
While the Zionist of Goldman Sachs enjoy huge bonuses, massive taxpayer subsidies, and unrivalled political influence – Greece hangs it head as Goldman’s “useful idiot” by ending up not only as the villain in the piece by losing it EU voting rights and ‘tabbed’ as the gateway to an EU financial dictatorship.