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A new flashpoint in the Mediterranean deepens the conflict between Turkey, Cyprus and Greece
A new flashpoint in the Mediterranean deepens the conflict between Turkey, Cyprus and Greece The conflict over gas in the eastern Mediterranean is intensifying. In February, the first case of intervention by the Turkish navy took place in the Exclusive Economic Zone (EEZ) of Cyprus. Last month, two more flashpoints have appeared. The dispute concerns […]
Contagion
Contagion The word contagion is easy enough to understand. Whether the spread of disease or disaster, sometimes it is difficult if not impossible to contain. In financial terms, contagion is often thought of along the lines of 2011; Greece started it and it spread throughout the rest of Southern Europe. The euro was coming apart, […]
The Middle East, Not Russia, Will Prove Trump’s Downfall
The Middle East, Not Russia, Will Prove Trump’s Downfall Photo Source The White House | CC BY 2.0 The Middle East has a century old tradition of being the political graveyard of American and British political leaders. The list of casualties is long: Lloyd George, Anthony Eden, Jimmy Carter, Ronald Reagan, Tony Blair and George W Bush. All […]
The Greek Dark Age & Climate Change
The Greek Dark Age & Climate Change QUESTION: Mr. Armstrong; You mentioned that the environment was the primary cause of the Greek Dark age between the Heroic and Hellenistic periods. Can you elaborate on that at all? Thank you. They do not seem to connect the dots as you say in school MG ANSWER: What is most interesting […]
Italy’s Debt Crisis Flares Up, Banks Get Hit, as Showdown with the EU Intensifies
Italy’s Debt Crisis Flares Up, Banks Get Hit, as Showdown with the EU Intensifies Who will blink first? A serious showdown is brewing in the Eurozone as Italy’s anti-establishment coalition government takes on the EU establishment in a struggle that could have major ramifications for Europe’s monetary union. The cause of the discord is the […]
Greece Planning Bad Debt Bailout For Its Banks After Market Crash
Greece Planning Bad Debt Bailout For Its Banks After Market Crash It seems like it was just yesterday that Greek banks, which carry some €89BN of bad loans on their balance sheets, passed the ECB’s latest confidence building exercise, known as the “stress test.” In retrospect that may have been premature, because as Bloomberg reports, […]
Genocide of the Greek Nation
Genocide of the Greek Nation The political and media coverup of the genocide of the Greek Nation began yesterday (August 20) with European Union and other political statements announcing that the Greek Crisis is over. What they mean is that Greece is over, dead, and done with. It has been exploited to the limit, and […]
Talk Cold Turkey
Talk Cold Turkey Henri Matisse View of Nôtre Dame 1914 Recep Tayyip Erdogan became Prime Minister of Turkey in 2003. His AKP party had won a major election victory in 2002, but Erdogan was banned from political office until his predecessor Gül annulled the ban. Which he had gotten in 1997 for reciting an old […]
‘Anonymous’ Greece Takes Down Government Website Over Athens Fire Disaster Response
‘Anonymous’ Greece Takes Down Government Website Over Athens Fire Disaster Response Cyber group Anonymous Greece have brought down the website of Greek government over the dozens of victims in the Athens wildfires. Access to the website “government.gr” was denied for a period of time and showed “Forbidden.” As KeepTalkingGreece.com reports, in a post on their […]
The Greek Disaster: State Inertia and the Market Economy
The Greek Disaster: State Inertia and the Market Economy What happened in Attica, close to Athens, is without precedent. An ordinary fire, like the ones that occur in this area almost every other summer, met up with a terrible, sudden wind that turned it into real galloping inferno. The tragic result was 87 dead Greek […]
Italian debt; a financial disaster waiting to happen
Italian debt; a financial disaster waiting to happen The new Italian government will increase public spending and public debt. It promised to reduce taxes, introduce basic security and reform pensions. Italy’s Northern League’s leader Mateo Salvini surged in the polls and the party is now the strongest in Italy. A couple of years ago it […]
The Macedonian “Name Deal” Is A Dystopian Nightmare Of Totalitarian Control
The Macedonian “Name Deal” Is A Dystopian Nightmare Of Totalitarian Control Marketed as a long-awaited diplomatic breakthrough to a supposedly irreconcilable identity issue, the “name deal” represents nothing less than the full and total capitulation of the post-“constitutional coup” Macedonian authorities to their Greek neighbors with implications that stretch far and beyond simply fast tracking […]
Boomeranging
Boomeranging Juan de la Corte (1597–1660) Lot And His Daughters Escaping From The Destruction Of Sodom And Gomorrah There is no migration crisis, said an article in Toronto’s Globe and Mail a few days ago. French President Emmanuel Macron followed up over the weekend with “there is no migrant crisis”. Really? If this is not […]
Greece Economic Crisis Declared Over: It Isn’t
Greece Economic Crisis Declared Over: It Isn’t Mainstream media is all aglow over the alleged end of the Greek economic crisis. Mainstream media is wrong. RTE says Greece Crisis Declared ‘Over’ as Eurozone Agrees on Debt Relief The BBC says Greece Hails ‘Historic’ Debt Relief Deal The Financial Times says EU Commissioner Calls End to […]
Fed’s Dilemma: Debt-to-GDP Ratios Dramatically Understate the Debt Problem
Fed’s Dilemma: Debt-to-GDP Ratios Dramatically Understate the Debt Problem Reader Lars writes Debt-to-GDP ratios understate the true nature of the problem. He uses Greece as an example. Reader Lars from Oslo, the capital of Norway, and a long-time reader of this blog, questions the widespread use of debt-to-GDP as the true measure of the debt […]
