There has been no actual default event to validate the decree of the ECB. In other words, here we have bankers playing politics. Why is the ECB engaged in what is clearly an act of economic blackmail? Why is the ECB, and the banking cabal as a whole, willing to risk drawing attention to the worthlessness of all their paper by decreeing yet again that some of it is worthless?
We have ceded our economic sovereignty to this crooked banking oligarchy when our ancestors foolishly handed our own sovereign printing presses to this crime syndicate. Their bonds of debt equate precisely to chains of slavery.
Thus, when Greece simply lit a match to 75% of those bonds, it amounted to a sort of slave revolt. If all the slaves burn all the bonds then they are no longer slaves.
So we see the ECB, entrusted with the control of Greece, telling Greece's sovereign government that if it does not do everything the banks tells it to do they will destroy its economy -- again.
For those who like being slaves, you have two choices: the global banking-crime capitals known by the acronyms U.S. and U.K. For those of us who don't want to live out our lives as the bankers' slaves, there are several necessary steps in any progression back to economic freedom:
We must elect an honest government in whatever nation we dwell. This is a major problem for Americans since its only "opposition party" serves the bankers even more loyally than the current government.
We must take back our own sovereign printing-presses, and thus revoke the banksters'
license to steal
We must re-establish a gold standard as quickly as possible. Often referred to as the Golden Handcuffs, a gold standard makes much/most of the financial crime being committed today impossible -- just one of the reasons for the bankers' pathological hatred of gold.
Obviously these steps would be nothing more than a beginning when it comes to actually fixing our economies. However, the three steps above can be thought of as a "financial tourniquet" to prevent these vampires from bleeding off any more wealth.
Once we have administered this financial first aid, then it will be possible to tackle some of the other formidable challenges still ahead.
This commentary comes from an independent investor or market observer as part of TheStreet guest contributor program. The views expressed are those of the author and do not necessarily represent the views of TheStreet or its management.