“Guerrilla Warfare Against A Hegemonic Power”
By Ellen Brown for Web of Debt - Banks create money when they make loans. Greece could restore the liquidity desperately needed by its banks and its economy by nationalizing the banks and issuing digital loans backed by government guarantees to its ailing businesses. Greece could provide an inspiring model of sustainable prosperity for the world. But it is being strangled by a hegemonic power in a financial war that is being waged against us all. As reported in Zerohedge, the Greek government was prepared to pursue three “nuclear options” to protect the deposits of the Greek people:
(1) nationalize the banks,
(2) launch a parallel currency in the form of electronic California-style IOUs, and (3)
use the Greek central bank’s printing press to issue euros.