Banks/Banking

New England Patriots quarterback Tom Brady says he had nothing to do with having air removed from game balls.
The NFL, following an investigation, says he did. It gave him a four game suspension, which he is appealing. That four game suspension could cost him somewhere between $2 million and $4 million of his $14 million 2015 salary. If he plays well with others, doesn’t get into any more trouble, and injuries and retirement don’t stop his career before he becomes 40 years old in 2017, he will earn $31 million for the 2016 and 2017 seasons.

My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.
— The Godfather (1972)

The Greek people’s efforts to end the economic depression, recover their sovereignty and reverse the regressive socio-economic policies, which have drastically reduced living standards, have been thrice denied.

Something’s profoundly wrong with our global financial system. Pope Francis is only the latest to raise the alarm: “Human beings and nature must not be at the service of money. Let us say no to an economy of exclusion and inequality, where money rules, rather than service. That economy kills. That economy excludes. That economy destroys Mother Earth.”
What the Pope calls “an economy of exclusion and inequality, where money rules” is widely evident. What is not so clear is how we got into this situation, and what to do about it.

The crushing Greek debt could be canceled the way it was made – by sleight of hand. But saving the Greek people and their economy is evidently not in the game plan of the Eurocrats.

A historic betrayal has consumed Greece. Having set aside the mandate of the Greek electorate, the Syriza government has willfully ignored last week’s landslide “No” vote and secretly agreed a raft of repressive, impoverishing measures in return for a “bailout” that means sinister foreign control and a warning to the world.

Former Greek finance minister Yanis Varoufakis offers a clear explanation of what the euro-elites have been really up to in enforcing endless austerity on Greece.

Banks create money when they make loans. Greece could restore the liquidity desperately needed by its banks and its economy by nationalizing the banks and issuing digital loans backed by government guarantees to its ailing businesses. Greece could provide an inspiring model of sustainable prosperity for the world. But it is being strangled by a hegemonic power in a financial war that is being waged against us all.

The people of Greece have rejected austerity with an emphatic “No” in a referendum. The corporate media reacted predictably. Reuters depicted Greeks as defying Europe.
The language in the Reuters piece was palpably biased. It portrayed Greeks as having “overwhelmingly rejected conditions of a rescue package” [italics added] put together by “creditors” and “lenders.”

Pope Francis’ revolutionary encyclical addresses not just climate change but the banking crisis. Interestingly, the solution to that crisis may have been modeled in the Middle Ages by Franciscan monks following the Saint from whom the Pope took his name.