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Olduvai III: Catacylsm
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The European financial establishment has just declared war on Italy

The European financial establishment has just declared war on Italy This week in a CNBC interview Jeroen Dijsselbloem, the former Dutch minister of finance who served as the President of the Eurogroup, declared war on the Italian government. The European financial establishment is prepared to destroy the banking system and cause the Italian economy to […]

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Greek Banks Will Not Re-Open Monday Even As Loan To Repay ECB Approved

Greek Banks Will Not Re-Open Monday Even As Loan To Repay ECB Approved The timing could not be worse from a visual perspective but within minutes of the Eurogroup confirming that they approved the €7.16 billion bridge loan (which will merely be recycled back to The ECB to ensure the appearance of normalcy continues), local reports note that […]

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The Greek “Choice”: Hand Over Sovereignty Or Take Five Year Euro “Time Out”

The Greek “Choice”: Hand Over Sovereignty Or Take Five Year Euro “Time Out” For those who missed today’s festivities in Brussels, here is the 30,000 foot summary: Europe has given Greece a “choice”: hand over sovereignty to Germany Europe or undergo a 5 year Grexit “time out”, which is a polite euphemism for get the hell out. As […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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