Genocide of the Greek Nation

Guest Post by Paul Craig Roberts

The political and media coverup of the genocide of the Greek Nation began yesterday (August 20) with European Union and other political statements announcing that the Greek Crisis is over. What they mean is that Greece is over, dead, and done with. It has been exploited to the limit, and the carcas has been thrown to the dogs.

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A BIASED 2017 FORECAST (PART TWO)

In Part One of this article I discussed the failure of our brains to think rationally due to our biases and the relentless propaganda flogged by our Deep State ruling class. Viewing the future through the looking glass of the Fourth Turning keeps you focused on the three catalysts which will drive all events in 2017 and beyond. I’ve addressed my 2017 Debt forecast in Part One. Now I will make some guesses about what might happen in 2017 related to Civic Decay and Global Disorder.

Civic Decay Forecast

“Our comforting conviction that the world makes sense rests on a secure foundation: our almost unlimited ability to ignore our ignorance.” Daniel Kahneman, Thinking, Fast and Slow

The presidential election and its aftermath tell you everything you need to know about the level of civic decay overtaking this country. The country is as divided as it was after the election of Abraham Lincoln in 1860. There is virtually no common ground between liberals and conservatives. The pure hatred and contempt between the winners and losers in the recent election does not bode well for the country over the next four to eight years.

The social fabric of the country has been torn asunder. The Clinton supporters believe anyone not on their side is deplorable, racist, misogynist, and fans of Hitler. Trump supporters believe anyone not on their side is low IQ, Muslim loving, deceitful, math challenged, and fans of a criminal. The gulf between the two sides is unbridgeable.

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A World of Problems

Guest Post by The Zman

Back when the Germans were threatening to shut down Greece and sell it off for parts, it was fairly obvious that there was no way to “fix” the Greek problem. Even it were possible to radically overhaul their public sector, the debt payments are too high to maintain the level of social services expected from a modern social democracy. Default was unthinkable because close to 80 percent of Greece’s public debt is owned by public institutions, primarily the EU governments and the ECB.

The “solution” was to kick the can down the road until a miracle happened, but now the problem is back.

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Emails Expose Hillary & Insider Trading on Greek Bailouts?

Clinton Family

The Clinton Scandals will provide endless TV entertainment, which may be more like a reality TV show with the Kardashians. Most people think it will be Donald Trump. He may give us some frank insults that are badly needed now and then to keep people focused, but the Clintons will provide never ending intrigue and scandals. Now we have the new one involving Hillary’s hedge fund manager son-in-law who is the husband of Chelsea Clinton, who set up in 2012 a Greek bond fund with a special arrangement with none other than Goldman Sachs expecting a bailout to boost Greek debt values. Yep! Now hedge fund manager Marc Mezvinsky placed a huge bet big on a Greek economic recovery based upon political expectations of a bailout for Greece would go through. His Secretary of State mother-in-law seems to have been sharing classified information to help her son-in-law.

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We Have Entered The Looting Stage Of Capitalism

Guest Post by Paul Craig Roberts

Having successfully used the EU to conquer the Greek people by turning the Greek “leftwing” government into a pawn of Germany’s banks, Germany now finds the IMF in the way of its plan to loot Greece into oblivion .

The IMF’s rules prevent the organization from lending to countries that cannot repay the loan. The IMF has concluded on the basis of facts and analysis that Greece cannot repay. Therefore, the IMF is unwilling to lend Greece the money with which to repay the private banks.

The IMF says that Greece’s creditors, many of whom are not creditors but simply bought up Greek debt at a cheap price in hopes of profiting, must write off some of the Greek debt in order to lower the debt to an amount that the Greek economy can service.

The banks don’t want Greece to be able to service its debt, because the banks intend to use Greece’s inability to service the debt in order to loot Greece of its assets and resources and in order to roll back the social safety net put in place during the 20th century. Neoliberalism intends to reestablish feudalism—a few robber barons and many serfs: the One Percent and the 99 percent.

The way Germany sees it, the IMF is supposed to lend Greece the money with which to repay the private German banks. Then the IMF is to be repaid by forcing Greece to reduce or abolish old age pensions, reduce public services and employment, and use the revenues saved to repay the IMF.

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Wikileaks Reveals IMF Plan To “Cause A Credit Event In Greece And Destabilize Europe”

Tyler Durden's picture

One of the recurring concerns involving Europe’s seemingly perpetual economic, financial and social crises, is that these have been largely predetermined, “scripted” and deliberate acts.

This is something the former head of the Bank of England admitted one month ago when Mervyn King said that Europe’s economic depression “is the result of “deliberate” policy choices made by EU elites.  It is also what AIG Banque strategist Bernard Connolly said back in 2008 when laying out “What Europe Wants

To use global issues as excuses to extend its power:

  • environmental issues: increase control over member countries; advance idea of global governance
  • terrorism: use excuse for greater control over police and judicial issues; increase extent of surveillance
  • global financial crisis: kill two birds (free market; Anglo-Saxon economies) with one stone (Europe-wide regulator; attempts at global financial governance)
  • EMU: create a crisis to force introduction of “European economic government”

This morning we got another confirmation of how supernational organizations “plan” European crises in advance to further their goals, when Wikileaks published the transcript of a teleconference that took place on March 19, 2016 between the top two IMF officials in charge of managing the Greek debt crisis – Poul Thomsen, the head of the IMF’s European Department, and Delia Velkouleskou, the IMF Mission Chief for Greece.

In the transcript, the IMF staffers are caught on tape planning to tell Germany the organization would abandon the troika if the IMF and the commission fail to reach an agreement on Greek debt relief.

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MEANWHILE….IN GREECE

Greeks Vote Again – Why Bother?

athens

greek-theatreI am here in Athens for the elections this weekend. I must state, at this point in the game it appears to be just Greek theater with the politicians playing merely parts with the strings beging pulled from Brussels. Whoever governs is almost really a moot point, for it seems that the political forces are not interested in any honest democratic process which was invented in Athens. The political forces appear to be simply prepared to fit in with whatever the country’s international creditors demand.

The Greek people seem to be staring into the abyss with no chance of reversing the economic decline. What governments do not comprehend is rather stark. When the people lose the right to vote, then dictatorship emerges. That historically leads to revolution. If the political forces of Europe do not listen to the people, this is what will lead to civil unrest, uprisings, and revolution. Often, government sensing it will face an uprising, then seeks and external enemy to blame. Revolution can then only be avoided by war with another nation. This is the cold blunt truth of history.

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How to Make Sure the Government Can’t Freeze Your Bank Account

How to Make Sure the Government Can’t Freeze Your Bank Account

By Justin Spittler

If you wake up tomorrow and your bank account is frozen… what will you do?

You probably remember when the financial crisis in Greece was dominating headlines a few weeks ago.

For years, Greece spent more than it took in. This led to a financial crisis that looked like it might destroy Europe’s financial system.

The Greek government closed all banks to prevent people from withdrawing all their money and crashing the banking system. Greek citizens could only withdraw €60 ($67) of their own money each day from ATMs.

European authorities eventually gave Greece a bailout… and the crisis dropped from the headlines.

But here’s something you probably haven’t heard from the mainstream media…

It’s now been two months and Greek people still can’t fully access their own cash.

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MEANWHILE….GREEKS CELEBRATE DEAL WITH EU BY FLEEING GREECE

At least the German bankers didn’t have to record any losses for their bad loans.

Police used stun grenades against the crowd as hundreds of refugees breached police lines. Migrants are being held behind barbed wire on the Greek side of the border with Macedonia. Macedonia has declared a state of emergency on its southern and northern borders over a surge in migrants and refugees. READ MORE: http://on.rt.com/6pji


Guess What Happens Next

Courtesy of Keith Dicker of IceCap Aset Management

Well, if you’re not Greeked-out by now you should be. After all, the Greek debt crisis has been spinning in and out of control for 5 years and counting.

Why should it be any different this time?

Everyone knows there is no way on this earth that Greece will ever be able to repay these debts. Unless the Greek economy can grow faster and longer than it has ever grown before, AND it can avoid the political temptation to never again spend more money than it collects in taxes – then just maybe it stands a chance of paying off some of the over $400 Billion it owes.

In today’s age of money printing, negative interest rates, and bank bailouts, many have become somewhat desensitized to “billions” and “trillions”. Yet, we assure you $400 billion for Greece is a lot of money.

For perspective, Australia owes about $1.3 trillion in various loans. If Australia suddenly entered a debt crisis on the same scale as Greece, its debt owing would skyrocket to nearly $2.5 trillion, or put another way – about $106,000 for every man, woman and child.

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The True Cause Of Greece’s Economic Failure——An Omnivorous State, Not Lazy Workers

In the course of the Greek crisis, animosities between creditor countries like Germany and Greece didn’t take long to surface. They were fired up in the tabloid press, which was quick to revive various stereotypes. In Greece, Germans soon found themselves compared to their Nazi predecessors, while German tabloids inter alia complained sotto voce about those allegedly “lazy Southerners”.

 

lazy GreekThe stereotype of “lazy Greeks”

 

This complaint seemed only natural, after all, everybody knows how hard-working Germany’s citizens are compared to the siesta-prone indolent slackers inhabiting assorted Mediterranean shores, right? Not so fast, said economists. OECD studies show that the average Greek worker toils for 2,017 hours per year, the by far highest figure in Europe.

 

siestaMore stereotyping …

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The World Economy in One Visualization

If itsy bitsy pie slice – Greece (.33%) – can create this much worldwide economic havoc because of their unpayble level of debt, imagine what will happen when the truth is revealed about France (3.81%), Italy (2.88%), and Spain (1.88%). China’s (13.9%) entire economic model has been built upon debt and the world consuming their output. The world has run out of money to consume their shit. Japan (6.18%) is in the midst of a demographic and debt death spiral. The U.S. (23.32%) is living on borrowed time and the continued dominance of the USD. How long will it last? We are inhabiting in a world stacked with TNT run by monkeys with matches.

Courtesy of: Visual Capitalist
Today’s data visualization is the most simple breakdown of the world economy that we’ve seen. Not only is it split to show the GDP of dozens of countries in relation to one another based on size, but it also subtly divides each economy into its main sectors: agriculture, services, and industry. The lightest shade in each country corresponds to the most primitive economic activity, which is agriculture. The medium shade is industry, and the darkest shade corresponds to services, which tends to make up a large portion of GDP of developed economies in the world economy.To take it one step further, the visualization also shades the countries by continental geography, to easily see the relative economic contributions of North America, Europe, South America, Asia, Oceania, and Africa.

So you say you don’t want a revolution?

Guest Post by Dmitry Orlov

Over the past few months we have been forced to bear witness to a humiliating farce unfolding in Europe. Greece, which was first accepted into the European Monetary Union under false pretenses, then saddled with excessive levels of debt, then crippled through the imposition of austerity, finally did something: the Greeks elected a government that promised to shake things up. The Syriza party platform had the following planks, which were quite revolutionary in spirit.

  • Put an end to austerity and put the Greek economy on a path toward recovery
  • Raise the income tax to 75% for all incomes over 500,000 euros, adopt a tax on financial transactions and a special tax on luxury goods.
  • Drastically cut military expenditures, close all foreign military bases on Greek soil and withdraw from NATO. End military cooperation with Israel and support the creation of a Palestinian State within the 1967 borders.
  • Nationalize the banks.
  • Enact constitutional reforms to guarantee the right to education, health care and the environment.
  • Hold referendums on treaties and other accords with the European Union.

Of these, only the last bullet point was acted on: there was a lot made of the referendum which returned a resounding “No!” to EU demands for more austerity and the dismantling and selling off of Greek public assets. But a lot less was made of the fact that the results of this referendum were then ignored.

But the trouble started before then. After being elected, Syriza representatives went to Brussels to negotiate. The negotiations generally went like this: Syriza would make an offer; the EU officials would reject it, and advance their own demands for more austerity; Syriza would make another offer, and the EU officials would reject it too and advance their own demands for even more austerity than in the last round; and so on, all the way until Greek capitulation. All the EU officials had to do to force the Greeks to capitulate was to stop the flow of Euros to Greek banks. Some revolutionaries, these! More like a toy poodle trying to negotiate for a little more kibble to be poured into its dish, if it pleases the master to do so. Stathis Kouvelakis (a Syriza member) summed up the Greek government’s stance: “Here’s our program, but if we find that its implementation is incompatible with keeping the euro, then we’ll forget about it.”

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JUST ANOTHER BRICK IN THE WALL

Tyler Durden's picture

Greece… just another brick in the wall…

 

 

Nothing to see here, move along…

 

 

Just promise to keep borrowing, keep leveraging, and keep spending and “they” promise to keep you “safe from domestic terrorism”, “safe from buyback-preferring CEOs’, and “safe from a drop in your wealth” forever…

 

Source: @StockCats