|Wednesday, August 15, 2018
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$1.5 Quadrillion Time Bomb

When investing becomes gambling, bad endings follow. The next credit crunch could make 2008-09 look mild by comparison. Bank of International Settlements(BIS) data show around $700 trillion in global derivatives. Along with credit default swaps and other exotic instruments, the total notional derivatives value is about $1.5 quadrillion – about 20% more than in 2008, beyond what anyone can conceive, let alone control if unexpected turmoil strikes. The late ...Read full article...

Greek VAT does not solve tax fraud in Greece

Nobody will be surprised to know that one of the reasons of the current Greek crisis is the high level of tax evasion. The Organization for Economic Cooperation and Development (OECD) estimated in 2011 that tax evasion in Greece reached 30% of GDP, implying that public funds did not receive some 15 billion euros each year. Five years and three European bailouts after the start of the Greek debt ...Read full article...

Tsipras chooses Debt Slavery

The Troika has triumphed over the Greek people. Alexis Tsipras defied the European gods, but did not have enough guts to take the battle for freedom to the endline. Previous governments, with the help of Goldman Sachs falsified oficial documents to allow Greece to enter the European Union, and today the Greek people are paying the price. The Referendum where millions of Greeks gave Tsipras a mandate to crush ...Read full article...

Alexis Tsipras sells out to the Troika

The NO vote by the people in Greece turned into a green light for Tsipras to further destroy the nation. Predatory monied interests make serial killers look good by comparison. Their business model creates crises to facilitate grand theft, financial terrorism and debt entrapment. They hold nations captive to their demands. They turn crises into humanitarian disasters. They create mass impoverishment, high unemployment, neo-serfdom and human wreckage. They’re more ...Read full article...

Are Big Banks Using Derivatives To Suppress Bullion Prices?

We have explained on a number of occasions how the Federal Reserves’ agents, the bullion banks (principally JPMorganChase, HSBC, and Scotia) sell uncovered shorts (“naked shorts”) on the Comex (gold futures market) in order to drive down an otherwise rising price of gold. By dumping so many uncovered short contracts into the futures market, an artificial increase in “paper gold” is created, and this increase in supply drives down ...Read full article...

Tsipras asks for 50 billion euros to continue destructive economic policies

The referendum was a smoke screen by Tsipras to legitimize his plan to keep Greece in the euro zone under heavy austerity measures. Athens has met at noon today the first condition to avoid its exit from the euro, and in doing so, has conceded more than anyone had ever imagined after the NO vote on Sunday. The Greek government has already submitted an application for a third program of financial ...Read full article...

Greece should not seek a third bailout of the banks

The most likely outcome from the meetings that Alexis Tsipras will hold with the Troika will be a third financial bailout of German and French banks, which would mean more austerity policies and cuts for the Greek people. A third financial rescue is the only option that would favor both sides. It would help Greece access liquidity from the European Central Bank, avoid its exit from the eurozone and ...Read full article...

European Banksters are afraid of Yanis Varoufakis

The former Greek Finance Minister resigned because the Troika is not confortable with him in the room. The Greek Finance Minister, Yanis Varoufakis, announced Monday his resignation because he believes that this can help the government to reach an agreement with the European institutions, hours after the victory of the ‘no’ in the referendum. Varoufakis, who said he would resign if the YES won on Sunday’s referendum met on ...Read full article...

Greece’s Sunday’s Vote Will Determine Liberty Or Serfdom

Troika-waged financial war is systematically destroying Greece. According to history books, democracy originated in Greece. Of course, historians could be mistaken, but this is the prevailing view among Western populations with enough awareness to be interested to know. What we are witnessing today, July 2, 2015, is that after 2,500 years in the Western World only the current Greek government is interested in democracy. The Greek government, to the ...Read full article...

Tsipras betrays the Greeks

The Prime Minister, who had rejected the proposal of the Eurogroup, has now practically accepted all the conditions set out in the proposal Nothing less than the complete refusal of the illegal debt would hae been a defeat for Greece, yet, the ‘strong man’ who came to power promising no more of the same bended his knee at the last minute and has now, once again, delivered Greece into the ...Read full article...

Greece Again Can Save The West

Few people understand that the fate of Western liberty, what remains of it, is at stake in the conflict, and, indeed, the fate of life on earth. Like Marathon, Thermopylae, Plateau and Mycale roughly 2,500 years ago, Western freedom again depends on Greece. Today Washington and its empire of European vassal states are playing the part of the Persian Empire, and belatedly the Greeks have formed a government, Syriza, ...Read full article...

Greece will not pay the IMF and Tsipras prepares a counter offer

Syriza government asks the people to participate in the referendum Greek Prime Minister Alexis Tsipras, is reconsidering the last offer made by the President of the European Commission, Jean-Claude Juncker, to resolve the debt crisis, according to reports by the Greek media. Although it would mean a step back in rejecting perpetual austerity and misery for the Greek people, Tsipras has been pressured by members of his own government to ...Read full article...

Big Food: Kicking, Screaming, and Losing Lots of Money

A red flag sign of an emotionally abusive relationship is when the abuser goes to great lengths to make the abused party seem “crazy” or “ridiculous.” This is actually just an attempt to maintain power in the relationship and the behavior worsens when they sense that their victim is breaking free. They humiliate, demean, and “tease” the victim in an effort to remain in control.  This is the classic pattern ...Read full article...

Rule By The Corporations

TTIP: The Corporate Empowerment Act The Transatlantic and Transpacific Trade and Investment Partnerships have nothing to do with free trade. “Free trade” is used as a disguise to hide the power these agreements give to corporations to use law suits to overturn sovereign laws of nations that regulate pollution, food safety, GMOs, and minimum wages. The first thing to understand is that these so-called “partnerships” are not laws written ...Read full article...

The Socialist party is over in Brazil

The Brazilian gravy train has stopped to a halt as Dilma Rousseff announces a R$ 70 billion cut in government spending. The government of President Dilma Rousseff of the Workers Party (PT), will make an adjustment of 70 billion reais in 2015. The measure is aimed, Dilma says, at adjusting government expenses but that economy experts believe are more of a sign to reassure markets. The figures of the ...Read full article...