JUL 10 SIT EC y POL
ZERO HEDGE
THE
FINANCIAL ATTACK ON GREECE: WHERE DO WE GO FROM HERE?. by Michael Hudson via
CounterPunch S-by Tyler Durden on 07/10/2015
Every nation has a right to defend itself against attack –
financial attack just as overt military attack. That is an essential element in
the principle of self-determination. Greece, Spain, Portugal, Italy and
other debtor countries have been under the same mode of attack that was waged
by the IMF and its austerity doctrine that bankrupted Latin America from
the 1970s onward. International law needs to be updated to recognize that
finance has become the modern-day mode of warfare. Its objectives are the same:
acquisition of land, raw materials and monopolies. A byproduct of this
warfare has been to make today’s financial network so dysfunctional that
nations need a financial Clean Slate.
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How
The World Works - The Santelligram. Submitted by Tyler
Durden on 07/10/2015
Rick
Santelli recently unleashed his own brand of truthiness on an unsuspecting
CNBC audience, that, just like in China, "the central planners are
in control" in Japan, Europe, and most of all America. As part of
the 3 minutes of lack-of-free-market despair, Santelli drew what we
called "the chart of the year." By popular request, it is
reproduced below...
1. Capitalism
2. Socialism
3. Communism
So the next time someone throws the "free-market
capitalism" bull$hit around, show them this chart and ask them how the US
(and European, and Japanese, and Chinese) markets are any different from (3).
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Violent
Crime Is Surging In Major U.S. Cities And The Economy Is Not Even Crashing Yet.
Submitted by Tyler Durden on 07/10/2015
All over the United States, rates of violent crime in our
major cities are increasing by double digit percentages. Murders are way
up, shootings are way up and rapes are way up. So what is behind this
sudden spike in crime? In Baltimore, authorities are pointing to the racial
tensions that were stirred up by the riots that erupted in protest to the death
of Freddie Gray. But what about the rest of the country?
From coast to coast, we are witnessing a dramatic increase in violent crime,
and the economy is not even crashing yet. So what is going to happen
when the next great economic crisis hits us, unemployment skyrockets, and
people really start hurting?
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Mapping
The World's "Grey Swans". Submitted by Tyler
Durden on 07/10/2015
Goldman looks at so-called "grey swans" - known
market risks that could prove particularly disruptive. From China credit
risks to Russia and from rate volatility to Russia with Middle East tensions,
cyber threats, and illiquidity-induced 'flash-crashes', the
known-but-not-priced-in risks are rising... because - simply put - central bank
omnipotence remains the narrative (for now).
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Organized
Plunder, a.k.a. The State . Submitted by Tyler
Durden on 07/10/2015
[ The State is a gang of thieves
writ large, Murray Rothbard
.. True.. if: CAPITALIST STATE is …]
Businesses usually begin as productive enterprises. But
almost all have zombie tendencies. Once they reach a certain size, they
recognize that the best investment they can make is in politics. They hire
lobbyists. They pay crony politicians. In return, government enacts rules
and regulations to stifle competition. But as with so many of its
activities, government succeeds when it fails. As a new industry arises, the
money still flows from the cronies, while the feds get a piece of action from
the new enterprises, too. And households? They grouse and groan. But the
masses usually love government. They think business people are greedy SOBs.
But they often hold the fellows who run the government racket in the same exalted
category as saints, TV stars, and sports heroes. Don’t believe it?
[ Who are the zombies? . The list here is incomplete. It only
includes all those who despise the State when they are not in power. Once they
get it.. are they still zombies?. YES, they are; so the first type of zombie
are the hypocritical-political zombies. In
politics, the State is the key of power, it is that all social-classes want –except
the anarchist who look like radical nuns that live in another planet-- ..Are
they zombies?. Yes, they are. They belong to the 2nd type of
zombies: the nihilist zombies: nothing is
positive, any type of power should be demolished, either capitalism or socialism
= stupid’s bull...t ]
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Varoufakis'
Stunning Accusation: Schauble Wants A Grexit "To Put The Fear Of God"
Into The French.Submitted by
Tyler
Durden on 07/10/2015
"Schäuble is convinced that as things stand, he
needs a Grexit to clear the air, one way or another. Suddenly, a
permanently unsustainable Greek public debt, without which the risk of Grexit
would fade, has acquired a new usefulness for Schauble. What do I mean by that?
Based on months of negotiation, my
conviction is that the German finance minister wants Greece to be pushed out of
the single currency to put the fear of God into the French and have them accept
his model of a disciplinarian eurozone."
----
Putting aside the question who wants Greece out of the EU ( ‘Wolfgang
Schäuble -Germany’s finance minister- is
convinced that, as things stand, he needs a Greek exit to clear the air’ VS. It
is Varoufakis that wanted the Grexit, besides some French leaders like Le Pen
and others from the so called PIGS) here I’m going to extract some quotes that
seems to correspond to the reasoning of Yanis Varoufakis, as described by The
guardian. According to zerohedge the Guardian has released an Op-Ed penned by
Varoufakis titled "Germany won’t spare Greek pain – it has an interest in
breaking us." Readers can read it in its entirety here but here
is the punchline:
This weekend brings the climax of
the talks as Euclid Tsakalotos, my successor, strives, again, to put the horse
before the cart – to convince a hostile Eurogroup that debt restructuring is a
prerequisite of success for reforming Greece, not an ex-post reward for it. Why
is this so hard to get across? I see three reasons.
One is that institutional inertia
is hard to beat. A second, that unsustainable debt gives creditors immense
power over debtors – and power, as we know, corrupts even the finest. But it is
the third which seems to me more pertinent and, indeed, more interesting.
The euro is a hybrid of a fixed
exchange-rate regime, like the 1980s ERM, or the 1930s gold standard, and a
state currency. The former relies on the fear of expulsion to hold together,
while state money involves mechanisms for recycling surpluses between member
states (for instance, a federal budget, common bonds). The eurozone falls
between these stools – it is more than an exchange-rate regime and less than a
state.
And there’s the rub. After the
crisis of 2008/9, Europe didn’t know how to respond. Should it prepare the
ground for at least one expulsion (that is, Grexit) to strengthen discipline?
Or move to a federation? So far it has done neither, its existentialist angst
forever rising. Schäuble is convinced that as things stand, he needs a
Grexit to clear the air, one way or another. Suddenly, a permanently
unsustainable Greek public debt, without which the risk of Grexit would fade,
has acquired a new usefulness for Schauble.
What do I mean by that? Based on
months of negotiation, my conviction is that the German finance minister wants
Greece to be pushed out of the single currency to put the fear of God into the
French and have them accept his model of a disciplinarian Eurozone.
According to Zero Hedge, Varoufakis may be right about
Greece being made an example of disciplinary punishment to avoid the social collapse that would result from a
Eurozone exit, the fact is that the one person who will decide the future of
Greece in the Eurozone is neither Schauble nor Merkel but Mario Draghi, also
known as Goldman Sachs. Because if Goldman
wants more Q€, it will get more Q€.
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Pentagon
Concludes America Not Safe Unless It Conquers The World. S- by Tyler
Durden on 07/10/15
The Pentagon has released its “National
Military Strategy of the United States of America 2015,” June 2015. This
report tells us that war with Russia is our future unless Russia agrees to
become a vassal state like every country in Europe, and Canada, Australia,
Ukraine, and Japan. Otherwise, the neoconservatives have decided that it is
impossible for Americans to tolerate living with a country that makes decisions
independently of Washington. If America cannot be The Uni-Power dictating to
the world, better that we are all dead. At least that will show the
Russians.
----
Over
To You Merkel: Greek Govt Approves Bill The Greek People Soundly Rejected. Submitted by Tyler
Durden on 07/10/2015
The Greek parliament has approved the proposal Alexis
Tsipras submitted to creditors on Thursday. The ball is now in Europe's court
with a Eurogroup meeting scheduled for Saturday.
If new FinMin
Euclid Tsakalotos can secure the support of his EU counterparts tomorrow,
the path will be cleared for Greece to remain in the EU under a new program.
According to Bloomberg:
Fifteen governing Syriza party
lawmakers who voted “yes” in parliament vote on Greek govt’s bailout proposals
to creditors say they oppose the plan, according to statement distributed to
journalists.
Lawmakers say proposal
shouldn’t have been approved by Greek parliament; they backed it only because
they didn’t want the govt’s parliamentary majority to be put into question.
Lawmakers say their “yes” vote shouldn’t be
interpreted as acceptance of implementation of austerity measures.
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Janet Yellen Explains How Everything Is Awesome (But Not Good Enough For A Rate Hike) - Live Feed. Submitted by Tyler Durden on 07/10/2015
[ Is there an awesome collapse? .. perhaps it was the
wrong answer to the Q: is this the right time to start a war with Russia &
China?]
"It will be appropriate at some point this year...to
raise the Fed funds rate and normalize monetary policy," Yellen
recently explained but given recent comments from Fed heads and the FOMC
Minutes, it appears the real meme is "everything is awesome, we promise
and as long as it stays that way we will hike rates just a little bit, stand
back and watch the implosion, then stand ready to step back in to save the
world... oh, and if Greece, China, US Shale, or LatAm blow up contagiously, we
won't normalize policy ever again." Yellen speaks on the US economic
outlook at The City Club of Cleveland.
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John
Taylor: IMF Loans To Greece Bailed Out Banks And Worsened The Situation.
Submitted by Tyler Durden on 07/10/2015
Greece has already collapsed, and the only real question is
whether the ECB will give Greek depositors time to withdraw some of the €120
billion in deposits it holds hostage with the frozen ELA, or if the ECB will
admit the truth about the Greek insolvent banking system risking Eurozone
contagion. A better question is just what is the purpose of the IMF whose
intervention in Greece can be described in one word: disaster. It can
also be described in eleven, as the creator of the Taylor Rule, John Taylor,
has done
in a blog post which can be summarized as follows: IMF Loans To
Greece Bailed Out Banks And Worsened The Situation.
[The solidarity .. the financial “blindaje” to Greek Bank has to come from other sources than IMF and troika partners.. In Economics the world has two sides: the neoliberal market ruled by the empire and their allies, and the emerging new market lead by China-Russia with the support of BRICS nations. .. Greece has to get out from “the international community” of crooked states .. to open their future]
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The
Complete Visual Summary Of The "New" Greek Bailout Proposal. S-
by Tyler Durden on 07/10/15
[Complete?.. ]
Markus Koch said on Thursday, “the 'No' in the referendum
appears to be turning into a 'Yes' from Tsipras.". Here, courtesy of
AFP, is the proposal in inforgraphic form:
And even as it does indeed appear that Greeks (not to
mention Syriza hardliners) will be forced to stomach a "compromise"
that amounts to an outright concession, there are some differences between the
“old” and “new” Greek proposals. Here’s Bloomberg with
the rundown:
Financing and Debt
Greece is asking for three-year
loans of at least 53.5 billion euros ($59.9 billion) to cover its financing
needs between 2015 and 2018. It is also seeking debt restructuring and
reprofiling of its long-term debt due after 2022. The earlier proposals were in
return for a five-month extension of an existing bailout program for loans of
as much 15.5 billion euros and didn’t involve any debt restructuring.
Tax Reforms
With few exceptions, the Greek
government adopts the creditors’ proposal on sales and corporate tax rates. The
government is seeking to eliminate sales tax discounts on islands gradually by
the end of 2016 instead of immediately, starting higher-income islands that are
popular tourist destinations. It also seeks to keep hotels under a reduced 13
percent rate instead of the standard 23 percent.
Pension Reforms
The government proposes
implementing a “zero-deficit” clause for supplementary and lump-sum pension
funds, adopted in 2012, from October instead of immediately. While it agrees to
phase out a supplementary allowance for low pensions by the end of December
2019, it wants to start phasing-out these benefits from March 2016 instead of
starting immediately.
Fiscal and Structural
Measures
Greece wants to increase
advanced income tax payment on corporate income to 100 percent and gradually
for individual businesses by the end of 2017, as part of steps to close
loopholes for tax avoidance. It also proposes to eliminate preferential tax
treatment for farmers by the end end of 2017. The creditors wanted these steps
to be implemented by the end of 2016.
The government appears to
backtrack on its own earlier proposals for military spending cuts, offering to
reduce spending by 100 million euros in 2015 and 200 million euros in 2016. It
had earlier suggested to cut military spending by 200 million euros in 2016 and
400 million euros in 2017. The creditors have sought an immediate cut in annual
military spending by 400 million euros.
It offers instead to extend
implementation of a luxury tax on recreational vessels in excess of five meters
instead of in excess of 10 meters.
Labor Reform
Government insists to
legislating changes to collective bargaining agreements this fall; creditors
don’t want any changes to already agreed labor framework and demand that any
changes be negotiated with the three creditor institutions first -- the
European Central Bank, the International Monetary Fund and the EU.
Privatizations
This is where the government
appears to fully adopt the creditors’ demand for all agreed sales of state
assets to proceed, including transferring the state’s shares in the Hellenic
Telecommunication Organization SA to the asset sales fund and selling regional
airports under terms already agreed with a venture led by Fraport AG, the
winning bidder already selected by the previous government.
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TD
Ameritrade Breaks, Experiencing "Widespread Order-Routing" Problems.
S- by Tyler Durden on 07/10/15
[ So the problem in China was not created by the State or SOES
system.. but by US-TDA crook traders ]
We already know that markets and exchanges only break on
downdays. So does that mean that on days in which algos are indescriminatly
buying ES as follow through from China's stock market manipulation and Greece's
"hopes" for can kicking, investors are safe? Nope, as one of the most
popular online discount brokers found out moments ago:
- TD AMERITRADE EXPERIENCING "WIDESPREAD" ORDER-ROUTING PROBLEMS - OFFICE OF PRESIDENT: RTRS
- TD AMERITRADE SAYS EVEN ORDERS THAT WERE ACCEPTED ARE STALLED
Were some TDA traders maliciously selling China stocks
overnight one wonders, or did Ameritrade also decide to do a "software
update" in the middle of the trading day?
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Varoufakis
Will Be Absent From Parliament Today. Submitted by Tyler
Durden on 07/10/2015
US media said that
“Moments ago Yanis tweeted [to whom?.. where is the copy of the tweet] that he will not be present to cast the
critical vote supporting Syriza's backtracked proposal as he will be detained for "family
reasons." [the “will be” speaks on a nasty
future intention: create division ]
----
Greek
Financial Advisor Suing "Politically Motivated" ECB For Crushing
Greek Banks. Submitted by Tyler
Durden on 07/10/2015 [ So, it is inside the
troika that exist contradictions.. ]
The global and
European economies are increasingly dominated by bureaucrats taking arbitrary
decisions on capital allocation, with little regard for rules or process. The
decisions of the ECB to reject the applications of the Bank of Greece for
additional funding under ELA could have only been politically motivated, and
therefore in clear violation of the ECB’s independence as enshrined in Article
123 TFEU. It is time for EU bureaucrats to stop acting as autocrats.
----
Maintaining
The Illusion Of Stability Now Requires Ever-Greater Extremes. Submitted by Tyler
Durden on 07/10/2015 [ Here a friendly critique
to the super “awesome” bureaucrat Ms.
Janet Yellen ]
This much-needed re-set to an economy that serves the
many rather than the few is what the Powers That Be are so fearful of. On
the surface, everything still looks remarkably stable in the core industrial
economies. But surface stability is all the status quo can manage at
this point, because the machine is shaking itself to pieces just maintaining
the brittle illusion of prosperity and order. In effect, the status quo has
greatly increased the system's vulnerability, fragility and brittleness--the
necessary conditions for catastrophic collapse--all in the name of maintaining
a completely bogus facade of stability for a few more years.
----
Tsipras'
Letter To The Troika: Full Text. Submitted by Tyler
Durden on 07/10/2015
[ You can interpreted the way you want .. but do not forget the
context –correlation of forces- and the intentions of both sides ]
Follows the full text of a letter Greek PM Tsipras send to
the Troika: Commission President Juncker, ECB's Draghi, and the IMF's Lagarde
regarding the latest Greek deal proposal.
Dear President and Managing Director,
The attached proposal for a comprehensive and specific
reform agenda by the Minister of Finance of Greece - aimed at complementing the
request for a loan facility from the ESM of July 8 2015 - is conveyed to you
following the Euro Summit decision of July 7 2015.
In this context, it will be assessed by the three
institutions to be presented to the Euro Group. It constitutes the result of
many months of formal and informal negotiations that the Greek government
undertook with the institutions at all levels, aiming at reaching a program
that will be economically viable and socially just.
With this proposal, the Greek people and the Greek
government, confirm their commitment to, fulfilling reforms that will ensure
Greece remains a member of the Eurozone, and ending the economic crisis. The
Greek government is committed to fully implementing this reform agenda -
starting with immediate actions - as well as to engaging constructively on the
basis of this agenda, in the negotiations for the ESM Loan.
This reform agenda constitutes part of the wider effort of
the Greek Government, towards reforming the Greek economy and public
administration, through fighting corruption, clientilism and inefficiency,
promoting social justice and creating a positive environment for sustainable
economic growth. Thanking you for our cooperation,
Yours sincerely,
Alexis Tsipras
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Losing Control. By
Guy Haselmann of Scotiabank. Submitted
by Tyler Durden on 07/10/2015
[In the line of thinking of Milton
Friedman: “The government
solution to a problem is usually as bad as the problem”,
statement quoted just from the
mastermind of State-fasicm in Chile with Pinochet ...
One wonder .. if the economists
that create this monster known as “neoliberalism” have lose control on it.. and have transfer
its control to stupid supremacists in the Pentagon & NATO .. one of them
said that Russia create the US problem and is the N.1 target in the defense of
our national security.. Then what will
be the fate of our nation if they respond to this threat… and what will be the
destiny of the whole humanity if a nuclear war breaks up …
When it happens in Chile.. a REFERENDUM putted down the military … What other option we have
in the current time? ]
----
Here some observation on the uncontrolled
crisis of neoliberalism in the current time, written by Guy Haselmann :
Main Thesis:.
Markets are beginning to signal that policy makers are
losing control. Many second-order-effects of the unprecedented and
experimental global actions taken since the 2008 crisis are beginning to
manifest. There are always causes and effects that develop; but they do
so at different speeds. Many actions in recent years have prioritized 'benefits
today' over 'consequences tomorrow'. 'Tomorrow' is approaching ever more
quickly. There is no 'free lunch'.
Market damage and volatility due to policy interference, or
due to the deliberate influence of security prices, are a shame. Markets
should ideally operate with unencumbered fluidity. Markets should operate in a
manner where adjustments to new information allow buyers and sellers to
rapidly, and seamlessly, find a natural clearing price. Authorities and
regulations should be like good referees in a soccer match; they provide the
conditions for a fair match, and you rarely notice their presence.
[However: ]
1.
- The beginning-of-the-end of official control happened earlier this year when the Swiss National Bank (SNB) retracted its currency-peg-promise, triggering a 40% move in the G-7 currency in 10 minutes.
- In early May, shortly after the SNB event and the launch of ECB QE and EU negative interest rate experiments, the EU bond market became dysfunctional. The absurdity of sustaining $4 trillion of negative rates came into focus. The German 10-year Bund moved from 0.05% to 0.75% in under a month.
- A series of Greek policy and troika bailout mistakes - actions that never resulted in a realistic and sustainable solution - are now culminating toward a tipping point.
- Chinese authorities that have allowed and encouraged an equity bubble to manifest (and other central banks for that matter) are starting to see how ‘bubble blowing’ typically ends. Other central banks are hopefully watching. Chinese equities have lost $3.2 trillion in value in 30 days. To put this into perspective, this is equivalent to the entire stock market capitalization of Germany and France combined.
….
2.
Too many central banks have entered into a dangerous
trade-off: providing excessive monetary accommodation (despite
questionable economic benefits -particularly at the Zero Lower Bound) in order
to lift equity markets, versus allowing financial instability to cultivate and
amass. This tradeoff embodies the fears of both FOMC camps: the fear
of hiking too soon versus the risks of waiting too long. There are
enormous consequences on both sides - all of which are poorly understood.
Even those who do not believe that US equities are in a
bubble (or that moral hazard troubles are rampant) must admit that debt
issuance from low interest rates are at colossal levels. The amount of
debt issuance has broken a new record four years in a row. The last two
quarters are the largest quarters ever. This moonshot of global
levels of indebtedness will be an economic headwind for decades to come
particularly if and when interest rates rise.
3.
Maintaining a policy tool that encourages such massive
indebtedness (public and private issuance) is imprudent long run policy.
As mentioned above, it mortgages the future while attempting to immediately
boast equity prices and economic activity. This trade-off has failed to play
out as officials suspected; otherwise debt-to-GDP levels would have fallen.
4.
It is the Fed’s zero interest rate policy foremost that has
provided the opportunity for the debt issuance to occur in the first place. As
the Volcker Rule launches on July 20th, market making and liquidity will soon
deteriorate further; a troubling result of over-zealous regulators.
In addition, a large portion of the debt issuance proceeds have gone into share
buyback, further fueling the illusion of healthy EPS improvement.
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"Greece
Doesn't Matter" - Dow Unchanged On Week After 2200 Points Of Turmoil.
S- by Tyler Durden on 07/10/15
The Dow has whipsawed
over 2200 points this week… behold the price stability…
[ This is the awesome reality that Ms. Janet Yellen forgot to
mention ]
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Submitted by Tyler
Durden on 07/10/2015 - 07:44
- Fed Chair Yellen To Speak As Global Tensions Rise (WSJ)
- Greek PM Tsipras seeks party backing after abrupt concessions (Reuters)
- France Hails Greek Aid Proposals as Germany Reserves Judgment (BBG)
- Greek PM says does not have mandate to exit eurozone (Reuters)
- France Intercedes on Greece’s Behalf to Try to Hold Eurozone Together (WSJ)
- Frozen Funds, Fleeing Tourists: Greek Startups Feel the Pinch (BBG)
- Doubts Simmer Despite China’s Gain (WSJ)
----
Chinese
Police Officially Launch Crackdown On Stock Sellers & Rumor Spreaders.
Submitted by Tyler Durden on 07/10/2015
Not only has the Chinese regulator specifically asked all
listed companies to submit reports, within the next two days, on the measures
they will take to prop up their shares, according to the 21st Centruy
Business Herald; but, as we warned yesterday, Chinese police have begun a
"nationwide action plan" to work with stock regulator CSRC to crack
down on now 'illegal' stock and futures trading. As
SCMP reports, police are checking who sold off Ping An and PetroChina
stocks in last 30 minutes of trading July 8 while Government was buying to
boost index... Who needs QE? This is worse, much worse...
----
Euro-Skeptic
William Hague: "I Was Right In 1998, And I Am Right Today". S-
by Tyler Durden on 07/10/15
"Chirac and many others were appalled as I told them
in 1998... joining the euro would exacerbate recession in some countries,
and that some would find themselves 'trapped in a burning building with no
exits' - a phrase that brought me a fair amount of controversy and abuse...
I hope the eurozone leaders meeting today will remember that those of us who
criticised the euro at its creation were correct in our forecasts. Otherwise they
risk adding to the monumental errors of judgment, analysis and leadership made
by their predecessors in 1998."
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THE
GLOBAL WAR ON PENSIONS GETS PERSONAL - SCENES FROM A DYING NATION. S-
by Tyler Durden on 07/10/15
We have been warning about the 'global war on
pensioners' for a while (most recently here,
here,
and here)
but the soul-destroying images of Greek pensioners' hopes being crushed bring
that central-bank-driven repression front-and-center...
All mainstream news is painting
the Greeks as the bad guys and the Troika as the savior of Europe. Quite
frankly, it is really disgusting. Pictures of an elderly Greek pensioner have
gone viral depicting what the Troika is deliberately doing to the Greek people
trying to punish them for their own failed design of the Euro in a system that
is just economically unsustainable.
[The images above] expose
the core of the issue of how ordinary Greeks are being tormented by EU
politicians who pretend to care about people. This is not a Greek debt crisis,
this is a Euro Crisis and they refuse to admit that what they designed was
solely for the takeover of Europe at the cost of the future of everyone from
pensioners to the youth.
This is just the tip of the
iceberg. We are facing terrible times ahead because socialism is completely
collapsing. Government employees have lined their pockets and this is precisely
the end game how Rome collapsed. It was not the barbarians at the gate. It was
the the Roman army was not paid and they began hailing their various generals
as emperor and the attacked cities who did not support their choice sacking their
own people. Only after weakening themselves, then the barbarians came in for
easy pickings. If Russia really wants to take Europe, all they have to do is be
patient. They will self-destruct for the Troika cannot see any change in
thinking for that means they must admit that they were wrong from the outset.
----
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INFORMATION CLEARING HOUSE
Pentagon
Concludes America Not Safe Unless It Conquers The World
By Paul Craig Roberts
By Paul Craig Roberts
This is a bull*hit report written by neocons in order to
foment war with Russia.
----
Here in the belly of the beast, among the zombie-fascist,
gun-totin’, flag-wavin’ hordes of fellow Americans I spend my days in fearless
loathing.
----
Threats and
Bullying, But Greece Stood Firm
By Nigel Farage
By Nigel Farage
Nigel Farage tells Alex Tsipras: "Your moment has come
-lead the Greek people out of the euro with your head held high".
----
Call for
Sanity on Sixtieth Anniversary of the Russell-Einstein Manifesto
By Emanuel Pastreich
By Emanuel Pastreich
Sixty years after Albert Einstein and Bertrand Russell
issued their manifesto about the growing threat of world war, the globe
continues to face the prospect of nuclear annihilation.
----
Clinton
Continued Funding For Honduras Coup Regime
By Bill Conroy
By Bill Conroy
The “2009 military coup that deposed democratically-elected
President Manuel Zelaya … opened the door to a free-for-all of criminality in
Honduras.”
----
Are Big
Banks Using Derivatives To Suppress Bullion Prices?
By Paul Craig Roberts and Dave Kranzler
By Paul Craig Roberts and Dave Kranzler
Obviously fraud and price manipulation are at work, but no
heads roll.
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NEWS IN SPANISH
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Dialogo. Una nueva teorÃa para una nueva polÃtica: de lo
estatal a lo común. Pierre Dardot y Ch Laval
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Qué es el TTIP? De la democracia al gobierno de
las transnacionales. Arturo Landeros
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VÃdeos rebeldes. -Entrevistas desde La Habana a cuatro
miembros de las FARC-EP
Hernando Calvo Ospina
Hernando Calvo Ospina
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NOTAS con sabor habanero: por un cu-bano
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Quien es?: Se cayó de una bike .. se rompió los canutos y encontró su yo: hoy camina de 4 patas
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