Global South

“Washington’s Pope”? Who is Pope Francis?

Pope Francis is said to have brought “Liberation Theology into the Vatican”, in the footsteps of Francis of Assisi. While highlighting his commitment to peace and social justice, the Western media fail to mention that Jorge Mario Bergoglio (Pope Francis I) has been a staunch supporter of US imperial interests in Latin America for more than 30 years.
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Greece – Rescue Without Debt

Chris Black concludes that a “court would also have to consider whether the contract was ever valid in the first place; that is – did both sides get real consideration for their part in the bargain….It is clear that the moneys lent did not actually flow into the Greek economy but were nominal loans to the Greek nation, but actually went from one lenders bank to another and back again, so that it was really a scam to steal the wealth of the Greek people….

A New Mode of Warfare – The Greek Debt Crisis and Crashing Markets

Financial technocrats were put in place to serve the domestic oligarchy and foreign bondholders. Greece was under financial attack just as deadly as a military attack. Finance is war. That is this week’s lesson.
And for the first time, debtor countries are realizing that they are in a state of war.
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The Trans-Pacific Partnership and the Death of the Republic

Under the TPP, could the US government be sued and be held liable if it decided to stop issuing Treasury debt and financed deficit spending in some other way (perhaps by quantitative easing or by issuing trillion dollar coins)? Why not, since some private companies would lose profits as a result?
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What the BRICS plus Germany are really up to?

By Pepe Escobar (RT | Op-Edge) Winston Churchill once said, “I feel lonely without a war.” He also badly missed the loss of empire. Churchill’s successor – the ‘Empire of Chaos’ – now faces the same quandary. Some wars – as in Ukraine, by proxy – are not going so well. And the loss of empire increasingly manifests itself in […]
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EU Showdown: Greece Takes on the Vampire Squid

Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.”
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