austerity

#France riots #Greece default #Austria new anti #EU President.

The economy, the people, the heart and soul of Greece have been demolished by a lower order of bureaucratic seizure that plagues the world. It is scorched-earth economic warfare, ordinarily referred to as neoliberalism.
The newest twist/manipulation in negotiations with Troika for Greece survival (demise) in order to provide the country with €86 billion of which 90% pays off debt, 10% to the state, demands Greece cut pensions (again), raise taxes (again), privatize state assets (for a song), and deregulate (squelch) labor. Inspirational?

By featuring some perspectives whilst excluding others, UK media has played a crucial role in the legitimisation of austerity policies.
The media cannot tell people what to think in a simple manner. However by featuring some perspectives whilst excluding others it plays a crucial role in the legitimisation of policy and the exercise of power.
The post UK media and the legitimisation of austerity policies appeared first on BSNEWS.

“Print the money” has been called crazy talk, but it may be the only sane solution to a $19 trillion federal debt that has doubled in the last 10 years. The solution of Abraham Lincoln and the American colonists can still work today. “Reckless,” “alarming,” “disastrous,” “swashbuckling,” “playing with fire,” “crazy talk,” “lost in a forest of nonsense”: these are […]

Christine Lagarde, the Queen of Troika and the Head Honcho of the IMF, on May 6th, threatened to pull the IMF out of the Greek rescue plan, with a straight face, calling it a “rescue plan.” Oh, please!
Yet, it is extremely doubtful the IMF would ever entirely pull out since the plan really bails out its own constituency of banks at an unfathomable expense to the Greek people.
Meantime in Greece, transportation and civic services throughout the country grind to a screeching halt, full stop, as the people hit the streets.

"We were not foolish enough to try to make a currency [backed by] gold of which we had none, but for every mark that was issued we required the equivalent of a mark's worth of work done or goods produced. . . .we laugh at the time our national financiers held the view that the value of a currency is regulated by the gold and securities lying in the vaults of a state bank."
The post How A Bankrupt Germany Solved Its Infrastructure Problems appeared first on BSNEWS.

What we may be witnessing here is the 1% going after the 10% of people who, according to German researcher Margrit Kennedy, do not need to borrow but are “net savers.” Today the remaining 90% are “all borrowed up.” Either they are unwilling to borrow more or the banks are unwilling to lend to them, since they are poor credit risks. Who, then, is left to feed the machine that feeds the 1%, and more specifically the 0.001%?

Big capital has constantly decreased its contribution to the state – creating a gap in the state’s coffers which is then filled by more and varied taxes on ordinary people – ultimately shrinking the very market big capital needs to sell its increased production of goods.
Tariffs and Taxes

Before the income tax was imposed on us just 80 years ago, government had no claim to our income. Only sales, excise, and tariff taxes were allowed.
— Alan Keyes

If the auspiciously named ICIJ and their partner journalists were actually interested in excising this offshore cancer for want of a better world, they would be demanding that all corporations and officials in positions of significant influence publish their tax affairs for ICIJ or public examination. It would be releasing all the Panama Papers: at the very least to independent journalists for them to report on or at best in a public database.

The soul of Greece has flown away, zipping past Mount Olympus, gone.
The negotiating position of Greece à la Troika has gone from bad to worse to much worse, as suffocation of the body politic is well underway. The politicians of Greece have become pliable pawns in the hands of the all-powerful European Troika.
It’s all about saving the Banks, saving the Creditors. The people, well, they don’t count for much “they’re nothing more than numbers,” maybe worse. Plastic bureaucrats see it that way.