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Greece Is Now A Full-Blown Humanitarian Crisis – In 9 Charts
Greece Is Now A Full-Blown Humanitarian Crisis – In 9 Charts The people of Greece are facing further years of economic hardship following a Eurozone agreement over the terms of a third bailout. The deal included more tax rises and spending cuts, despite the Syriza government coming to power promising to end what it described as […]
An ‘Austrian’ Economist’s Advice For Greece and the EU
An ‘Austrian’ Economist’s Advice For Greece and the EU For months, now, the mass media and the financial markets have anxiously watched and waited to see the outcome of a war of words, accusations, and threats that have been fought between Greece and its Eurozone and European Union partners. Over several decades Greek governments accumulated […]
MH-17 Mystery: A New Tonkin Gulf Case?
MH-17 Mystery: A New Tonkin Gulf Case? Exclusive: In 1964, the Tonkin Gulf incident was used to justify the Vietnam War although U.S. intelligence quickly knew the facts were not what the U.S. government claimed. Now, the MH-17 case is being exploited to justify a new Cold War as U.S. intelligence again is silent about what it knows, […]
Agency to Enslave Greeks Is Established
Agency to Enslave Greeks Is Established Late on Thursday, July 16th, German Economic News headlined “Greece: Debt Restructuring Through the Back Door,” and reported that, “The majority of Greece’s national debt is to be moved in the next three years gradually to the euro bailout fund ESM [European Stability Mechanism], so that the IMF will continue to remain as […]
Greece Surrendered: But to Whom Exactly?
Greece Surrendered: But to Whom Exactly? On July 12, Greece surrendered abjectly and totally. Prime Minister Alexis Tsipras, who had promised to combat the austerity measure that are driving the Greek people to ruin, poverty and suicide, betrayed all his promises, denied the will of the people expressed in the July 5 referendum, and led […]
All Hail Our Banking Overlords!
All Hail Our Banking Overlords! We work for them, plain & simple You really have to be paying attention to see what’s truly going on these days. The keepers of the system, that is the banking elites, now openly control everything — though you’d never know that by listening to the media. Consider this: Eurozone backs […]
Thank Goodness Everything’s Fixed
Thank Goodness Everything’s Fixed The trick is to borrow as much as you can and leverage it to the hilt, and buy, buy, buy. Thank goodness everything’s been fixed. Now that the bigshots in the Eurozone have given Greece the Humphrey Bogart treatment– When you’re slapped, you’ll take it and like it, Bogart’s line as he bullied […]
Banker Occupied Greece: Requiem for a Failed State
Banker Occupied Greece: Requiem for a Failed State It’s all over but the obituary. Rubber-stamp Greek parliamentarians overwhelming approved transforming the nation into a banker run colony – by a 229 – 64 vote. Six lawmakers abstained. Coalition partner Independent Greeks leader Panos Kammenos and likeminded party members voted “yes” after rhetorically rejecting Troika terms. […]
The Constitution of the EU’s Dictatorship
The Constitution of the EU’s Dictatorship It’s here: http://www.esm.europa.eu/pdf/ESM Treaty consolidated 13-03-2014.pdf That’s the treaty establishing (which was originally done in 2012) the ultimate lending-fund for what the EU now officially considers to be a permanent economic crisis in Europe, of member-nations that are experiencing “severe financing problems,” and that are therefore continually ripe for […]
Greece May Not Get Bailout, Grexit “The Better Way”, Schaeuble Says
Greece May Not Get Bailout, Grexit “The Better Way”, Schaeuble Says Last Saturday, the EU finance ministers who gathered in Brussels in a last ditch effort to keep Greece in the eurozone were forced to confront a rather inconvenient truth. A bailout for Athens would likely cost nearly €80 billion, far more than the €53 […]
Riots in Athens: EU’s Impending Collapse?
Riots in Athens: EU’s Impending Collapse? People move events. The Greek people are trying to shape their own history. They aren’t there yet—even the Left hasn’t quite joined them. But a coalescence of forces is on the horizon: either Syriza radicalizes or it will be left behind. Capitalism by its very harshness is creating its […]
The Curse Of The Euro: Money Corrupted, Democracy Busted
The Curse Of The Euro: Money Corrupted, Democracy Busted The preposterous Gong Show in Brussels over the weekend was the financial “Ben Tre” moment for the Euro and ECB. That is, it was the moment when the Germans—–imitating the American military on that ghastly morning in February 1968——set fire to the Eurozone in order to save it. Some day history will […]
Greek Parliament Votes In Favor of “Prior Actions” – Protests Erupt in Athens (Live Stream)
Greek Parliament Votes In Favor of “Prior Actions” – Protests Erupt in Athens (Live Stream) Euro-Group Deal Approved by Greek Parliament The result of the parliamentary vote in Athens just came through, and was remarkably closely aligned with recent surveys of Greek voters. Funny enough, these surveys revealed approximately 70% approval of the dealoffered by the […]
UK Furious At Proposed €7 Billion Greek Ponzi-Perpetuating Bridge Loan
UK Furious At Proposed €7 Billion Greek Ponzi-Perpetuating Bridge Loan The two most important stories out of Greece on Tuesday were: 1) the IMF’s leaked report on Greek debt sustainability, and 2) the race to secure between €7 and €12 billion in bridge financing to hold Greece over until the ESM gets off the ground. […]
Italy – Non-Performing Loans Hit a New Record High
Italy – Non-Performing Loans Hit a New Record High While all Eyes are on Greece, Italy’s Banks are Drowning in Bad Debt The real danger to the euro area probably doesn’t emanate from Greece, but from two of its heavyweights, namely France and Italy. A small note in the European press reminds us that all is not […]
