The old standard still applies: Debts that cannot be repaid, won't be repaid. Papandreou appears to be stretching out his neck straight for the noose of the gallows in Syntagma Square. Merkel to Sinn: “In my office. NOW.” June 7, 2011 by Alexander Gloy [...] “I would recommend vacationing in [...]
Ron Paul: “88% Of Fed Bailout Loans Went To Foreign Banks, And 100% Of NY Fed Loans”
06/02/2011 by Leave a Comment
The Greeks themselves appear to be leaning towards a different type of problem solving solution… Government Says No to Helping States and Main Street, While Continuing to Throw Trillions at the Giant Banks The Wall Street Journal noted last week: Federal Reserve Chairman Ben Bernanke on Friday ruled out a central bank [...]
Endgame For The Euro
06/01/2011 by Leave a Comment
Euro Endgame TSF – June 1, 2011 By Janet Tavakoli, President of Tavakoli Structured Finance, Inc. The European Central Bank (ECB) is facing a dilemma similar to that faced by major U.S. banks in the 1980’s with defaulted loans to Latin America. The PIIGS (Portugal, Ireland, Italy, Greece and Spain) collectively require debt [...]
US Foreign Policy, Henry Kissinger & Greece
05/30/2011 by Leave a Comment
Oh, wait, that's Henry coddling Pinochet on behalf of Oligarchy. — Here's a little memory aid on that one: Henry Kissinger and Chile’s 9/11/73 « Frontlines of Revolutionary Struggle • • • • • • • “The Greek people are anarchic and difficult to [...]
75% Greeks Negative on IMF, 33% Favors Changes through ‘Revolution’
05/29/2011 by Leave a Comment
Public Poll: 75% Greeks Negative on IMF, 33% Favors Changes through ‘Revolution’ Posted by keeptalkinggreece Greeks are tired – tired of uncertainty, of recession, of empty pockets, of grim future, of political parties, of seek-and-hide governmental games and most of all, Greeks are tired of Greece’s lenders, the esteemed ladies and gentlemen of [...]
Spain, Greece, and Collective Resistance to Neoliberalism and Oligarchy
05/27/2011 by Leave a Comment
‘Mother! This is What You Have Taught Me! Thank You!’ By Andy Price (excerpts) I entered Camp Sol on the eastern side, the side closest to the las Carretas entrance of the Metro – the underground here in Madrid – whose futuristic, glass-domed covering has served as the giant notice board for [...]