The Greek Elites and kleptocrats are terrified of the discipline that leaving the euro will impose, but the general public should welcome the transition to an economy and society that has been freed from the shackles of Imperial debt and the kleptocracy that has bled the nation dry. Although the financial media is blathering about negotiations and gamesmanship, the truth is Greece just blew up the Empire’s Death Star of debt. There’s nothing left to negotiate except the official admission that the Imperial Death Star of debt, the most fearsome threat in the galaxy, has been blown to smithereens.
Category: EU
Greece’s new Finance Minister is a highly intelligent person. His likes are not to be found in any Western government. As he stands in the way of those who are determined to complete their looting…
Since the onset of economic calamity in the West beginning around 2007 ‘official’ response has been framed as modest successes with a few policy errors while the reality is of remote elites and their agents…
Almost before the votes were counted in the recent Greek elections, battle lines were being drawn all over Europe. While Alexis Tsipras, the newly elected Prime Minister from Greece’s victorious Syriza Party, was telling…
Source: Economic Policy Institute Income inequality has grown in every state in the US in recent decades, according to a new study published this week by the Economic Policy Institute. The report, entitled The Increasingly…
As Greece celebrates the inauguration of its anti-austerity government, the euphoria should be tempered with a bit of realism. Although new Prime Minister Alexis Tsipras, who named his son «Ernesto» after Cuban revolutionary Ernesto «Ché»…
The underlying disease is the euro itself. Europe is stunned, and bankers aghast, that the new party of the Left, Syriza, won Sunday’s parliamentary elections in Greece. Syriza won on the promise that it will…
Is Democracy Dead in the West? With only 37% of the vote, does Syriza have the clout to stand up for Greece against the looters? Can Greece escape from a situation comparable to the European…
Here’s summary of a momentous election result for the future of Greece and Europe: 1. The anti-austerity far left party Syriza has won the Greek election by a decisive margin, but just short of…
Escalating inequality is the work of a global elite that will resist every challenge to its vested interests An armed security guard outside the Davos Congress Centre. ‘Even Unilever’s chief executive is fretting about the…