debt

One of many ads for a Corinthian Colleges, Inc. institutionby Gaius PubliusThe first national student debt strike has been announced, by an offshoot of Occupy no less. This is a big deal.Public debt — debt as a result of government lending — is not killing this country. The U.S. government pays almost literally 0% interest on its debt, rolls it over constantly, is today reducing the deficit by large amounts, and many would argue, not spending enough, since every dime that leaves the government's hands goes into a private pocket somewhere.

The Brussels agreement to extend the EU programme for Greece means a humiliating defeat for the Sýriza government. Their attempts to rally support within the union’s governments miserably failed. The German imposition uncompromisingly defending the narrow interests of the financial oligarchy prevailed bearing witness of the impossibility of a social turn within the power structures of the EU. Game over? We believe that there remains a possibility to thwart the EU starvation programme.

The Greek government is currently locked in a life and death struggle with the elite which dominate the banks and political decision-making centers of the European Union. What are at stake are the livelihoods of 11 million Greek workers, employees and small business people and the viability of the European Union. If the ruling Syriza government capitulates to the demands of the EU bankers and agrees to continue the austerity programs, Greece will be condemned to decades of regression, destitution, and colonial rule.

Recently, Greece’s radical leftist party Syriza claimed victory in their national election. The party vowed to break ties with the European Central bank and roll back the EU’s neoliberal economic agenda. True to their word, they are already implementing some of those changes. From the birthplace of democracy, excitement is spreading across Europe and revitalizing the hope that real change may still be possible through the electoral arena.

 The New Yorker article calls what is going on in Libya "unraveling". Libya is indeed unraveling, thanks to the removal/murder, by NATO, of Gaddafi. And a plan to balkanize LibyaFlashback- NYT's

This is the second of two financial news stories-Both containing interesting, insightful and important information-Both are related to each other-First news story- Oil Jumps on Weak US dollar- Deflationary tendencies & currency wars?The Bloomberg news item directly below is highly suggestive of a great deal of global instability requiring  massive global money manipulation to create inflation and prevent deflation. Inflation benefiting the bankster, moneyed classes.

In this sedition we look at the economic clusterfuck enveloping the globe, the mega drop in oil prices and the Greek political party that has the left screaming like Justin Bieber fans, plus some uplifting hip hop to help you pull through from your shitty situation.

The Bank of Canada used to be a government lending institution, creating near interest free loans that built much of Canada’s infrastructure during the 50’s and 60’s. In 1974 at the Bank of International Settlements in Basel Switzerland, Trudeau Sr.

We are always getting so called news about Russian troops in Ukraine. Unfounded of course. I can't see any reason for Russia to send troops into Ukraine, myself.So let us speak and read of the foreigners in Ukraine, fighting alongside the Ukie fighters.Some of you may have seen the American masquerading as a Ukrainian soldier at Saker's blog?I will embed that video at the bottom of this post. However, let's take a look at one recently deceased, Swede, obviously a neo nazi or skin head of some sort- "volunteering" in Ukraine- Yah, I laugh. This guy was no 'volunteer'.