SGM Metals: Greek Prisons Can't Feed Inmates, Locals donate Food to Help the State!

June 6, 2012 - PRLog -- greekreporter.com reports: [ Amidst the deepening financial crisis, the state budget for many prisons has decreased to a minimum for some months now resulting in hundreds of detainees being malnourished and literally surviving on the charity of local communities, a Proto Thema article reveals.

The latest example is the prison in Corinth where there’s a supply stoppage from the nearby military camp, and prisoners are about to starve reports prison staff, since not even one grain of rice has been left in their warehouses. The prison staff reports they haven’t received any state funds for the last three months.

A few days earlier, the commander of the camp announced to prison management the transportation stoppage, citing lack of food supplies even for the soldiers, and had shut down the last source of supply for 84 prisoners. The response of some Corinth citizens was immediate as they took it upon themselves to support the prisoners, since all protests to the Justice Ministry were fruitless.

In the past few days, groups of Corinth residents have started collecting food as a small token of solidarity and respect to people who may be denied certain rights by the justice system. The Corinth prison is in need of rice, pasta, frozen meat and eggs. The prisons in Patra and Alikarnassos have also been experiencing food supply problems lately, as the prisoners who cannot afford to buy food from the prison canteen are left without food. ]

Isn’t it interesting that when you watch the boob tube the talking heads are all telling you how any day now Merkel of Germany and the new French socialist leader will come up with some crafty new solution for the Euro crisis and everything will go back to normal soon enough? But when the markets react adversely to the delay of this very solution we actually find out that the very banks that have been bailed out with our tax dollars are actually far worse than we were told originally. But wait there is more, it seems that the whole idea was to permit the banks to reshuffle their assets on the books in order to give the appearance of ‘a clean up effort’ to satisfy the masses until they could pressure the leaders of sovereign nations to forfeit their sovereignty as well as their assets (like physical gold bullion which all but guarantees their sovereignty). Once this surrendering of sovereignty has taken place (such as Greece) the ‘banker driven technocrats’ of the New European Union can continually consolidate the standard of living of the citizens of these conquered lands as they must do so in order to protect the liquidity of the banks as this is the critical focal point as it is the lynch pin that connects all the banks globally.

Ask yourself ‘Why haven’t we heard anything about Iceland who was the first European nation to succumb to this banking crisis and actually stood up to the bankers and their politicians refused to strap the innocent citizens of their lands with the trillions of dollars in banker created derivatives debt that is currently destroying sovereignty throughout Europe? Why are we hearing about prisoners starving to death in Mediterranean paradise prisons and not Iceland who battled the banker coups and won?’

Answer: Because they don’t want you to know that the obligation for the almost $2 QUADRILLION worth of toxic derivative debt the bankers have created (& profited from grossly) is not the responsibility of the tax payers to shoulder for the banks but the banks sole responsibility and they should go down with the ship for their financial disaster they have created. Once again, moral hazard is created when the financial wizards are clearly shown that they can make huge wreckless bets and if they blow up on them they can have the politicos strap it on the tax payers so they can go and seek out the next credit bubble to exploit for record profits. This is what happens when the government ‘steps in to help’, it creates monsters that are more than happy to reimburse their political alliances with massive campaign contributions as a sign of appreciation. But when these guys go and screw up the economy again they expect the unholy alliance to protect itself, but eventually you have to ask “at the expense of who”?

Take for example the fact that the Democrats are bashing Bain Capital and the way they do business, yet Obama doesn’t feel he should be give back the campaign contributions they have given to his re-election efforts. Even more interesting is the fact that Bain Capital has actually given more campaign funding to Obama than to Romney at this point and he is still a part owner of the investment firm! So we have the media doing everything they can to convince you all is well in Europe and there is nothing to see there. This is the same media that is omitting the fact that the nation of Greece is so destitute that they can not feed their prisoners and the local neighbors have donated food to keep them fed in hopes of avoiding an uprising amongst the prison population. Again the same media that is doing all they can to convince you that the fact that the same Wall Street bankers funding both candidates is nothing you need to be concerned with. Just last week they had a live feed report from Europe & the reporter admitted that there was a huge number of bank runs across Europe that was threating the stability of the banking system and could lead to a banking collapse. The media went on to debate whether their loyalty was to the banks not to report this type of news for fear of warning the masses so they could pull their life savings out of the banks prior to a collapse or if they would harm the banks by warning the tax payers of the threat of a banking collapse . This led to them openly debating as to their loyalty being to warn the public or protect the banks, right in front of your face on live TV! You would think this would wake people up and get their blood pumping, but instead they bought bank stocks like they were told by the business news experts like good little sheep.

With the horrid jobs data that was just served up, you can all but bet in the announcement of the FEDs QE3 plans soon enough and this will do wonders for the rush into the precious metals. The scary thing I am noticing is that the ignorance displayed towards adding physical gold & silver to ones portfolio is quickly evaporating. We are now entering the phase where everyone knows they will need to make the move into metals and they know they will need to go big, but nobody wants to make the move first and spook the herd. This will cause huge price lurches from this point forward as the masses are waking up and waiting for their opportunity to make the leap of faith in to gold & silver. We will begin to see each time another batch of bad economic data comes out big chunks of investing dollars will move into the market and this will cause eye catching swings in the pricing mechanism that will wake the herd and entice them to join in and exacerbate the price appreciation. The victors will be those who patiently got here first and have lied in wait for the herd to get spooked towards the metals market. For those who have applied economic logic to this depression and have doubted themselves from time to time for moving into metals early, know that your moment of redemption is quickly approaching. The media’s ability to distract and confuse is quickly reaching the end point and soon enough they will be forced to protect their credibility (as opposed to their advertisers) by reporting on the next global meltdown that will be triggered by bank runs throughout Europe that will crack the derivative bubble wide open and immediately handicap US mega banks that have until now been seen as immune to the EU banking crisis. The 100 year global fiat currency experiment endgame is near, what side will you be on when history is made? The sound money side or the fiat bloodbath?