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Tag Archives: greece
Leaving the Eye of the Hurricane
Leaving the Eye of the Hurricane In the early 2000’s, there were those economists and investors who believed that the U.S. was headed for an economic fall – that the repeal of the Glass-Steagall Act in 1999 would allow the financial institutions to enter into widespread reckless loan practices that would lead to a housing […]
Greek Cash Ban Escalates: Imposes ‘Permanent’ Stricter “Capital Controls” On 3 Million Pensioners, Civil Servants
Greek Cash Ban Escalates: Imposes ‘Permanent’ Stricter “Capital Controls” On 3 Million Pensioners, Civil Servants In a stunning move towards the elites’ endgame of ‘banning cash’, Greek authorities unveiled stricter capital controls for civil servants and pensioners this weekend. By drastically limiting cash withdrawals and forcing the more ‘controllable’ compulsory use of plastic money, Greek authorities […]
Legal Fictions and new Battlegrounds in the War on Cash
Legal Fictions and new Battlegrounds in the War on Cash Greece – Ground Zero in the War on Cash? We believe it was our friend Claudio Grass of Global Gold in Switzerland who first mentioned that the eurocracy may possibly have plans to use the Greek crisis as an opportunity to expand the ongoing war […]
Today’s Turning Point on ECM
Today’s Turning Point on ECM I have been warning that this turning point is not in markets, it is centered in government. The number of issues coming to a head are just mind-blowing from the Catalonia vote to separate from Spain to the resignation of Boehner with non-politicians leading not just in the USA, but […]
Hope, Power, and Delusion
Hope, Power, and Delusion Jeremy Corbyn has won the race for leadership of the Labour party. But Greek and Spanish activists advise against placing too much faith in political parties. Jeremy Corbyn has won the race for leadership of the Labour party, and the anti-austerity movement of the UK rejoices: “Finally we will see change”. […]
History Doesn’t Go In a Straight Line
History Doesn’t Go In a Straight Line Noam Chomsky on Bernie Sanders, Jeremy Corbyn, and the potential for ordinary people to make radical change. Noam Chomsky in 2011. Andrew Rusk / Flickr Throughout his illustrious career, one of Noam Chomsky’s chief preoccupations has been questioning — and urging us to question — the assumptions and […]
Greek snap election: New Democracy concedes defeat to Tsipras’s leftist Syriza
Greek snap election: New Democracy concedes defeat to Tsipras’s leftist Syriza Greek left-wing party Syriza has secured 145 seats in the country’s 300-member parliament and is set to form a ruling coalition with Independent Greeks after winning 35.5 percent of the vote. The leader of New Democracy, Syriza’s main rival, has conceded defeat. “The electoral […]
Greece Heads Back To The Polls: Full Sunday Election Preview
Greece Heads Back To The Polls: Full Sunday Election Preview For months on end, all anyone could talk about was Greece. Throughout the spring and summer, the country’s fate in the eurozone was considered the main risk to global markets if not for what the financial fallout from a Grexit would be (that risk was […]
In Search of a Resolution to the Syrian War, Refugee Crisis
In Search of a Resolution to the Syrian War, Refugee Crisis One of the main migration routes is to head for Turkey, then to Greece in order to proceed towards the Balkans and Italy, and finally branch into France and then the United Kingdom. Another route sees passage via Romania, Hungary, and Austria, with […]
Germany Reintroduces “Border Controls” With Austria, Sends Riot Police As Refugee Crisis Spirals Out Of Control
Germany Reintroduces “Border Controls” With Austria, Sends Riot Police As Refugee Crisis Spirals Out Of Control Two weeks ago, in what was the first official shot across the bow to Europe’s long-standing “Schengen” customs union, we reported that the Italian province of Bolzano across from the Austrian border announced it is willing to “temporarily suspend Schengen” and […]
The EU Uses Every Crisis To Grab More Power
The EU Uses Every Crisis To Grab More Power Jean Claude Juncker held a speech yesterday that had, oh irony, been labeled a State of the Union. A perfect way of showing how pompous Juncker and his surroundings have become. A perfect way, too, to point out how much the European Union differs from the […]
Puerto Rico To Run Out Of Cash By Year End, Faces $13 Billion Shortfall
Puerto Rico To Run Out Of Cash By Year End, Faces $13 Billion Shortfall Remember when two months ago Schauble jokingly offered Jack Lew to “trade” Greece for Puerto Rico? Something tells us in the interim period the German finmin changed his mind because while the Greek can has been kicked again, if only for the […]
Buiter: Only “Helicopter Money” Can Save The World From The Next Recession
Buiter: Only “Helicopter Money” Can Save The World From The Next Recession It is to be expected that economists – even economists working for the same team – have different views about the likelihood of different future outcomes. Economics isn’t rocket science, and even rockets frequently land in the wrong place or explode in […]
Read This Before the Media Uses a Drowned Refugee Boy to Start Another War
Read This Before the Media Uses a Drowned Refugee Boy to Start Another War A baby boy turned to flotsam. Washed up on the shore, face down in the mud. His family, refugees from Syria’s civil war, had tried to reach Greece, but their over-crowded raft overturned in the Mediterranean Sea and he drowned along […]
War Drums Beating: Bulgaria Blocks Russian Access To Its Airspace For Syria Flights
War Drums Beating: Bulgaria Blocks Russian Access To Its Airspace For Syria Flights On Monday we flagged a notable escalation in the build up to the geopolitical “main event” in Syria where, thanks largely to the West’s ambition to break Gazprom’s leverage over Europe, the US and Russia are one “accidental” run-in away from taking the “proxy” […]
