Skip to main content

Posts

Fed's artificial crises

“ The ascendance of finance in recent decades has oriented understanding of ‘the economy’ toward financial terms and policies. The Federal Reserve at the heart of ‘monetary’ policy in the U.S. is a public- private consortium run by bankers in the interests of Wall Street. The history of Fed policies in the modern era, from the end of WWII to the present, is of engineering periodic recessions to protect bank ‘assets’ from depreciation through inflation.” “ When considered in historical context Mr. Volcker’s actions were at the vanguard of the corporate-capitalist coup that goes far in explaining present circumstance.” “ That Fed Chair Volcker was appointed by Democrat President Jimmy Carter in the midst of broad moves to ‘de-regulate’ the U.S. economy and the wholesale abandonment of the Keynesian policies that had guided the U.S. since the Great Depression is more than an accident of history. The epic that followed, finance capitalism, is still under way and it represent

Following Ukraine: EU neoliberal economic empire ready to support neo-nazis in Greece

Golden Dawn free to participate in euro elections The Greek Supreme Court decided that Golden Dawn's participation in euro elections is legal, as rejected the objection based on the fact that MPs and executives of the neo-nazi organization have been accused for establishing a criminal organization. http://www.tvxs.gr/news/ellada/areios-pagos-kanonika-i-xrysi-aygi-stis-eyroekloges Neoliberal dictatorship is expected to support neo-nazis in order to attract voters in euro elections and break the anti-austerity front, as being promoted as an anti-systemic force while in reality they are the fourth hidden component of neoliberalism and a secret card of the systemic establishment: http://failedevolution.blogspot.gr/2014/05/the-31-heads-of-neoliberal-monster-in.html As the timeline for the Greek experiment has been set already - IMF and EU executives have made statements implying that the experiment should end with Samaras administration completion in 2016 - neol

Another proof for the fact that Greece has been sold to banksters

Exclusive information by Kostas Vaxevanis and koutipandoras.gr According to Kostas Vaxevanis, the American company Cleary Gottlieb Steen and Hamilton suggested to the Greek government a way to avoid the new Greek bonds to be governed by the English law and therefore, to avoid mortgaging country's public property. The journalist reveals a document in his website koutipandoras.gr, from the company to the then General Manager of the Public Debt Management Agency, Petros Christodoulou, through which makes the suggestion. Key parts of this document follow: “ The dealer managers are insisting that all new bonds issued in connection with Project Oak be governed by English law. Only a very small percentage of Greece's existing debt stock is governed by foreign law so this would amount to a wholesale switch of the governing law of Greek public debt” “ The dealer managers have argued that a continuation of the practice of issuing Hellenic Republic bonds

Greece: Banks withhold social dividend!

“ The finance ministry said that first batch of the dividend, an amount of €133.2m, had been transferred to the bank accounts of 205,912 citizens whose applications had been approved by May 3. The average payment was €647 per household.” “ Entitled to the dividend are those on low-incomes, who are unemployed or certain self-employed professionals who have seen their work dry up. The dividend starts from €500 per beneficiary and may exceed €1,000 in the case of large families. The deadline for electronic applications, which takes 2012 incomes into account, is the end of June.” “ Although the law prohibits the banks from seizing the dividend payment to pay off debts, on Friday there were reports that some institutions were withholding the money from beneficiaries. ” Source: http://www.enetenglish.gr/?i=news.en.economy&id=1908 Banksters ruined the last attempt of the government to win euro elections, or not? Another probable risky trick by the Gree

Greek government: "Recruiting" Obama for the euro elections!

EU ELECTIONS A recent TV spot from the Right-wing government coalition party, Nea Dimokratia, for the euro elections, gives another small example of how the systemic establishment in Greece uses propaganda to present to voters a false "success story" for Greece. The PressProject website reveals: “ In the Greek subtitles the translation is begun with a capital letter and ends in a full stop. According to the ad, Barack Obama said a full sentence and that sentence was, ‘The Greek people see a light at the end of the tunnel.'”  [...]  “ A quick search on the White House website reveals the full transcript and video of the statements Obama made to reporters after his brief meeting with Antonis Samaras. What he really said was, 'And I think Prime Minister Samaras is committed to taking the tough actions that are required, but also, understandably, wants to make sure that the Greek people see a light at the end of the tunnel.'” In details: