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How Germany Is Blowing Up The European Union
How Germany Is Blowing Up The European Union As Germany is set to reject a Greek loan extension request (and no, international press, that is not the same as an extension of the bailout program), Steve Keen uses proprietary numbers issued by the OECD – which is supposed to be on Germany’s side?! – to […]
YANIS VAROUFAKIS: THE STRAW THAT BREAKS THE PONZI’S BACK?
YANIS VAROUFAKIS: THE STRAW THAT BREAKS THE PONZI’S BACK? What do you do when your opponent won’t play by the rules? Worse, what do you do when your loan ‘partner’ (aka ‘debtor’) declares Calvinball, where the only rule is there are no rules, and proceeds to go off the deep end? The result, to put it […]
Memo To Obama: Butt Out Of The Greek Crisis—-You’ve Dispensed Enough Keynesian Poison At Home
Memo To Obama: Butt Out Of The Greek Crisis—-You’ve Dispensed Enough Keynesian Poison At Home At the moment, Europe is struggling to pass an inflamed financial gallstone. The sooner that Greece is permitted to escape the debt clogged financial ducts fashioned by its Brussels paymasters, the sooner the entirety of Europe can begin the cure of […]
Greece and Euroland’s Crumbling McMansion of Debt
Greece and Euroland’s Crumbling McMansion of Debt All the gimmicks lenders press on borrowers to maintain the artifice that the loan is being serviced are financial frauds. Sometimes the best way to summarize a complex situation is with an analogy. The Greek debt crisis, for example, is very much like the subprime mortgage crisis of 2007-08. […]
Bilderberg – Part 10
Bilderberg – Part 10 I previously examined the functions of the Bilderberg meetings; the composition and concentration of financial markets and the Mafiocracy that rules them; the nature of technocracy, and the role of finance ministers, central banks and the IMF in managing the European debt crisis. This installment takes a closer look at the […]
‘Get NATO, foreign countries out of Ukraine to end civil war’ – Ron Paul
‘Get NATO, foreign countries out of Ukraine to end civil war’ – Ron Paul The best thing for Ukraine is to force NATO, the US, and regional players out of the country, former US congressman and presidential candidate Ron Paul said. Without foreign meddling in the civil war, Kiev will focus on the nation’s economic […]
Keeping Greece in the eurozone is worth the pain: Don Pittis
Keeping Greece in the eurozone is worth the pain: Don Pittis To misquote Mao Zedong, creating a single currency is not a tea party. Despite former U.S. central banker Alan Greenspan’s disparaging comments about the future of the euro, Americans had far worse problems creating a single currency. The question facing the Europeans as they hammer […]
EU Energy Union May Be Biting Off More Than It Can Chew
EU Energy Union May Be Biting Off More Than It Can Chew With oil and gas still flooding the scene it’s a buyer’s market. For some however, picking isn’t easy. For the European Union specifically, an abundance of choice comes with its own set of logistical and geopolitical problems. February 4 marked the launch of the EU’s […]
The Euro’s Exponential Decay
The Euro’s Exponential Decay I don’t know about you, but I’m having a ball reading up on the preparations for the Wednesday/Thursday talks between Greece and .. well, everybody else. German FinMin Schäuble proudly declares that it’s do what I tell you or you’re finished, Greek FinMin Varoufakis says prepare for a clash. Greek advisors […]
Is Peace or War at Hand?
Is Peace or War at Hand? King World News illustrates this article with photos. If you enjoy visuals, go here:http://kingworldnews.com/paul-craig-roberts-world-now-cusp-total-war/ At this time we do not know the outcome of the meeting in Moscow between Merkel, Hollande, and Putin. The meeting with Putin was initiated by Merkel and Hollande, because they are disturbed by the […]
Europe’s Greek Showdown: The Sum Of All Statist Errors
Europe’s Greek Showdown: The Sum Of All Statist Errors The politicians of Europe are plunging into a form of ideological fratricide as they battle over Greece. And “fratricide” is precisely the right descriptor because in this battle there are no white hats or black hits—-just statists. Accordingly, all the combatants—the German, Greek and other national politicians and the apparatchiks […]
Behind The Global – Game Of – Thrones
Behind The Global – Game Of – Thrones Greek PM Alexis Tsipras yesterday laid out Syriza’s stance, and from what I saw he didn’t pull even one punch. Despite all the suggestions from the financial press throughout the past week that Tsipras and Varoufakis reneged on campaign promises to seek debt write-downs, they didn’t, and […]
Crunch Time as Greece’s Terrible Deadlines Loom
Crunch Time as Greece’s Terrible Deadlines Loom Since the election of Syriza, the pressure on Greece has been cranked up to almost unbearable levels. The first shot across the bow came from the European Central Bank’s Master of Ceremonies, Mario Draghi, who warned that if Greece didn’t start behaving itself (i.e. stop all this silly […]
UK Begins Preparations For Grexit
UK Begins Preparations For Grexit As recently as two years ago, even the merest hint that any entity was preparing for what then was unthinkable, namely the Greek exit from the Eurozone, was enough to get one burned at the stake. After all, recall what happened when none other than the head of the ECB lied on the record to […]
Europe Fractures: France Pivots To Putin, Cyprus Offers Moscow Military Base, Germany-US Splinter On Ukraine
Europe Fractures: France Pivots To Putin, Cyprus Offers Moscow Military Base, Germany-US Splinter On Ukraine Following yesterday’s summary of the utter farce that the Minsk Summit/Ukraine “peace” deal talks have become, the various parties involved appear to be fracturing even faster today. The headlines are coming thick and fast but most prescient appears to be: […]
