Grexit or Jubilee? How Greek Debt Could Be Annulled
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.
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Greece: Follow the Logic of Your Argument and Dump the Euro
Yanis Varoufakis, the former Greek finance minister, in an article in the Guardian entitled “Germany won’t spare Greek pain – it has an interest in breaking us”, frames the Greek tragedy in clear terms thus:
The Problem of Greece is Not Only a Tragedy: It is a Lie
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.
The Puerto Rico Debt Crisis — Like Greece, Sort Of
"America" from West Side Story. According to YouTube, this appears to be from one of the more recent Broadway Broadway performances. (Full movie scene at the end of this piece.)by Gaius PubliusBecause of the coverage of Greece and its debt problems, I've been fielding a lot of questions about Puerto Rico and its debt problems as well. Puerto Rico's problems aren't the same as the Greeks' though; similar, but not matching. For one thing, Puerto Rico is a territory of the U.S. and subject to some unique-to-itself U.S. laws.
Piketty: "Germany Has Never Repaid Its Debts; It Has No Standing To Lecture Other Nations"
Thomas Piketty, author of Capital in the Twenty-First Century (source)by Gaius PubliusThis is yet another piece about Greece, much shorter, but long on irony served cold.
Guerrilla Warfare Against a Hegemonic Power
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.
Greece again Can Save the West
Like Marathon, Thermopylae, Plateau, and Mycale roughly 2,500 years ago, Western freedom again depends on Greece. Today Washington and its empire of European vassal states are playing the part of the Persian Empire, and belatedly the Greeks have formed a government, Syriza, that refuses to submit to the Washington Empire.
Greece: Coup? Political or Military? Will Syriza fall aka be pushed out? UPDATED!
Considering a previous Greek government tried to go the referendum route and the EU ousted him...Will history repeat? Let's read this article, shall we?No EU support for Greece may accelerate the fall of SYRIZA government
Currency Crisis: How Much Longer Until it Hits the US?
A currency crisis is coming to the US and it’s only a matter of when, not if. Many have been warning about it for years, from politician Ron Paul to economist Peter Schiff to many other voices in the alternative media. It’s a mathematical certainty, and a question of when, not if. Recent events, within the US and abroad, are beginning to indicate that it’s going to happen sooner rather than later. No one knows exactly when; there are way more predictions that don’t come true than those that do.
Running a Government Budget as if It Were a Household Budget Is Economically Illiterate
George Osborne’s, Britain’s Chancellor of the exchequer, plan to enshrine permanent budget surpluses in law will chime favourably with many people. The reason is simple; most of us look at financial matters in terms of our family finances. The argument that as a family: “wouldn’t you want to pay your debts and live within your means” is a very appealing proposition. However, there is a fundamental difference between running a household budget and a government budget.