Wednesday, March 20, 2013
MARCH 21, 1821 – GREEK INDEPENDENCE DAY
1821 – GREEK INDEPENDENCE DAY
Solon was an Athenian statesman and lawmaker (presumably, the city in Cuyahoga County is named after him). He became the first effective advocate for democracy in roughly 594 BC when he decentralized power politically in the judiciary and, most importantly, in the Athenian money system. Many in Greece today are advocating exiting the Eurozone, claiming that returning to the Drachma (their original currency) and democratizing its issuance and circulation by the government as opposed to private Greek banks is the path to economic prosperity and political sovereignty. In the name of “austerity”, Greeks are being asked by international bankers, among other things, to privatize national assets and treasures, including Greek islands. Massive popular resistance has followed. Seeing what’s happening in Greece, many in Europe are now calling for the creation of “sovereign money” systems at the nation state level, compared to the current top-down system where monetary matters are determined by the European Central Bank, which is controlled by the largest and wealthiest banks on the continent.