From:
Jeffrey Epstein <
[email protected]>
Sent:
Monday, June 29, 2015 7:46 PM
To:
Noam Chomsky
Subject:
Re: Re:
I m happy to take as much time as you like, with regard fi=ance words like incur,. one needs to follow =he money. .let
assume that half the money was legitimately borrowed?=C2 does that change your mind.,? lets assume 5 percent. =A0
any closer. who is the borrower. , what is a borrower=? what is the security for the loan, if you have a joint account
and=Valeria borrows are you responsible.? for half. all? =AO can leaders borrow from the imf, if they do, who incurred
the debt? , =AO it is all accounting as i have been saying, =AO , if Germany lends interest payments alone so there is
no default= , is the loan good? words like "default.&quo=; also have very specific meanings. . not the popular
version,=C2 . the more exciting default today is puerto rico.? another fin=ncial morass. no law on the books to deal
with it.. =AO can't even declare bankruptcy as there are no laws for territ=ries
On=Mon, Jun 29, 2015 at 3:35 PM, Noam Chomsky
I'd like to talk =o him about it. Looks quite different to me. Israel has been t=king huge risks since the 1970s,
more as the years continue.=/span>
On Greece, we're =alking past each other. I agree that the payoff to the northern bank= goes through the IMF.
My point is quite different. The debt i= "odious," and need not be repaid by the people of Greece, who didn't incur i=,
and have already suffered bitterly so that northern banks can profit. =AO Right now the Troika pretty clearly intends to
humiliate Syriza to ensu=e that no one in Europe gets funny ideas about democracy and decides to challenge the rules
laid down by the masters.<=u>
barak is great at geo=olitics. . he said that zionism was a answer to si=ting and waitng in the shetl for
something to happen, . taking=no risk, .. he said that it was the current mentality not to take risks.. and a wake up call
ala soccer or calamity would be ne=ded. .
I smile when i read y=ur financial analysis of the greek issue and guess you do the same when yo= read my
language synopsis.
Of course =he money goes to the french and german banks. . it needs to be accounted for by
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going through the IMF. . the answer in the pa=t would have been inflation, but unemployment on a global scale has
=losed that avenue, . zero interest rates are dangerous for the futur=, as the yearly interest is so low, principle =A0
additions are virtuallly free. when the interest rates returns=to anywhere near historical averages. the percentage of
GDP , will b= huge that will be needed for past debt.. this is currently only a=mediteraen game of chicken. not nice for
the people in the country, but greece really has no tax collections system , and a la=ge part of the economy is black. a
•
very large part . so no aus=erity or tax regime will have much real effect. so you can sl=ep easy.
On Sun, Jun 28, 2015 at 10:28 PM, Noam Chomsky «= href='
target="
:
According to economists w=o have been trying to investigate the details, about 90% of the payments to Greece
actually go to the German and French banks who made risky invest=ents and want to be paid off. So in effect Greeks are
paying the nor=hern banks for debts that the people never incurred. These should, l=think, be considered "odious
debts," and radically restructured or cancelled.
</=>
Interested to hear about =arak. Wouldn't have expected it.
</=>
Subject:
I thought this chart =as a great example of what i have been telling you. // right pocket=to left pocket. . the
accounting for it is even stranger.. as=it is an interest payment , they record income. ? if the interest rate is high, you
would call=it predatory lending. if it was low you would call it a bail out. =A0 all silly.
2 . the Chomsky questions? ..
3. Ehud agrees with a great deal of your views . dis=grees with some observations of yours. has great respect for
you.=/u>
please no=e
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