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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...

Capitalism Has Devolved Into Looting

…when you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you–when you see corruption being rewarded and honesty becoming a self-sacrifice–you may know that your society is doomed.   –  Ayn Rand, “Atlas Shrugged” There’s no such thing as markets anymore – only interventions.  –  Chris Powell, co-founder and Treasurer of GATA Ayn ...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...

Troika Intends Starving Greece Into Submission

Eurozone, ECB and IMF officials’ treatment reveal the latest example of predatory capitalist viciousness. Since Greece’s financial crisis erupted in 2009, imposed austerity diktats incrementally transferred its wealth, assets and enterprises to Western interests at the expense of a 25% GDP drop, mass impoverishment and unemployment (60% for youths), elimination of vital public services, and a brain drain of its best and brightest. SYRIZA Prime Minister Alexis Tsipras promised ...Read full article...

European Central Bank forcing Greece into perpetual Debt

The European Central Bank is tightening the rope with Greece. The bank intervened yesterday in the negotiations between Athens and the Troika by threatening with the cancellation of credit to all Greek banks. This measure is meant to force Greece to request another bailout and to continue the vicious circle the ECB has mandated. Frankfurt announced just after 9 p.m. to cut of liquidity to Greek banks beginning next ...Read full article...

The Fed and ECB took West back to Aristocracy

When the former Goldman Sachs executive who runs the European Central Bank (ECB) announced that he was going to print 720 billion euros annually with which to purchase bad debts from the politically connected big banks, the euro sank and the stock market and Swiss franc shot up.  As in the US, quantitative easing (QE) serves to enrich the already rich. It has no other purpose. The well-heeled financial ...Read full article...

Greek Election: Mixed Messages, Hold the Cheers

Greece perhaps represents the epicenter of global pillage. Troika (EU, ECB, IMF) diktats wrecked its economy. Paying bankers first matters most.  Creating economic crises. Chaos. Taking full advantage to facilitate grand theft, financial terrorism and debt entrapment. Mass impoverishment, high unemployment, neo-serfdom and human misery follow. Troika policies made Greece zombie-like. A hollow shell of a nation. Strip-minded for profit. More beholden to foreign interests than its own. Its ...Read full article...

Sixty Billion are not Enough to save Europe

As we explained earlier this week, poverty, misery and underdevelopment are not challenges that are impossible to overcome. We also explained that it has been the unlawful rules imposed by unaccountable supranational organizations the ones responsible for the poverty, misery and underdevelopment we are experiencing today and that the current global governors who have been in power since after WWII are not truly interested in ending poverty, misery and ...Read full article...

Panic in Financial Markets prompts more Bank and Government Bailouts

The ECB decided yesterday to buy more Spanish securitized private debt or ABS, corporate bonds or mortgage-backed securities and loans of various types, something that had never done before bonuses. Bloomberg spread the news at noon, adding that the entity chaired by Mario Draghi had given the order to buy French mortgage bonds maturing in the short term at Societe Generale and BNP Paribas and various Spanish institutions whose ...Read full article...

Greek Parliament Dismisses Thousands of Government Workers

The Greek parliament has approved 109 items with the arrangements for the dismissal of several thousand employees and a series of fiscal reforms agreed with the troika. The bill received 153 votes, the number corresponding to the sum of the members of the conservative New Democracy and socialist Pasok Parties, the two members that make up the bipartisan government. In an unprecedented initiative, since it involves the dismissal of ...Read full article...

European Central Bank to use fake money for more bailouts

The European Central Bank (ECB) is ready to buy bad debts weighing in Southern countries in an attempt to end the fragmentation in the eurozone and boost funding to the SMEs, as confirmed by the German representative on the board of the entity, Jörg Asmussen . “It’s part of the debate on lending to SMEs,” Asmussen said when asked about the measure, which was conducted by Expansion. The ECB ...Read full article...

Commodity prices drop on week-long sell-off

Gold dropped as much as 6.3 percent on Monday Investors ditched gold along with other commodities from oil to copper after a less-than-forecast growth in China’s gross domestic product in the first quarter stoked doubts about the health of the global economy. This added to last week’s fears of central bank sales from Europe, prompted by a proposed sale of Cyprus bullion holdings, and concerns about a reduction in ...Read full article...

Austerity cripples Portugal

Health inspectors are not doing their job because they have no money to pay for gasoline and tolls, while financial inspectors refuse to work because they have to pay for gasoline out of pocket and do not know if they will get the money back. In some universities, research projects and food for the cafeterias have run out of funding. In the administration of justice “any imponderable” as a ...Read full article...
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