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IMF: Greek Debt Untenable
by Stephen Lendman
Overwhelming Greek debt is a time bomb sure to explode. It's unsustainable. It's just a question of when the Hellenic Republic implodes - crushed under the weight of a deepening financial burden no nation can bear indefinitely - especially ones with no control over their monetary and fiscal policies.
Brussels and Frankfurt run things - a policy designed for predation. Strong nations like Germany and France wage financial war on weak ones like Italy, Spain, Portugal, Greece and others - stealing their wealth, assets and enterprises, harming ordinary people most, colonizing the countries for profit.
How Fascist Capitalism Functions: The Case of Greece
Eric Zuesse
There is democratic capitalism, and there is fascist capitalism. What we have today is fascist capitalism; and the following will explain how it works, using as an example the case of Greece.
Mark Whitehouse at Bloomberg headlined on 27 June 2015, “If Greece Defaults, Europe’s Taxpayers Lose,” and presented his ‘news’ report, which simply assumed that, perhaps someday, Greece will be able to get out of debt without defaulting on it. Other than his unfounded assumption there (which assumption is even in his headline), his report was accurate. Here is what he reported that’s accurate:
Israel Intends Blitzkrieg Against Iran Nuclear Deal
by Stephen Lendman
It's got most House and Senate members convinced. It's working on others directly and through its Lobby - applying their usual heavy-handed pressure.
It's got media scoundrel editors concerned. New York Times ones support the deal with reservations, saying:
"(N)o one should have any illusions about Iran, which considers Israel a sworn enemy; often condemns the United States; supports Hezbollah and other terrorist organizations; and aspires to greater influence in the region."
"Once sanctions are lifted, it stands to gain access to billions of dollars from accounts in international banks that have been frozen and from new oil exports and other business deals."
Grexit or Jubilee? How Greek Debt Can Be Annulled
by Ellen Brown
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.
Greece’s creditors have finally brought the country to its knees, forcing President Alexis Tsipras to agree to austerity and privatization measures more severe than those overwhelmingly rejected by popular vote a week earlier. No write-down of Greece’s debt was included in the deal, although the IMF has warned that the current debt is unsustainable.
Banker Occupied Greece: Requiem for a Failed State
V
by Stephen Lendman
It's all over but the obituary. Rubber-stamp Greek parliamentarians overwhelming approved transforming the nation into a banker run colony - by a 229 - 64 vote. Six lawmakers abstained.
Coalition partner Independent Greeks leader Panos Kammenos and likeminded party members voted "yes" after rhetorically rejecting Troika terms.
The vast majority of bailout funding goes to pay bankers and other creditors - nothing for economic recovery and growth. The price is deeper punishing austerity, greater poverty and unemployment than already, and far more human misery ahead with no end in sight.
Jeb Bush: “People Need to Work Longer Hours.” Media Soften It. Reuters & CNBC, Etc.: "Bush says Americans should have chance to work longer hours in improved economy.”
Eric Zuesse
Jeb Bush, on July 8th:
“My aspiration for the country, and I believe we can achieve it, is 4 percent growth as far as the eye can see. Which means we have to be a lot more productive, workforce participation has to rise from its all-time modern lows. It means that people need to work longer hours, and, through their productivity, gain more income for their families. That's the only way we're going to get out of this rut that we're in.”
Here is his statement in a youtube video of just that 30-second passage (+ 8 seconds):
https://www.youtube.com/watch?v=_zLYmwgKPmU
Republican U.S. Presidential candidate Jeb Bush was interviewed in a grainy video on 8 July 2015, by New Hampshire's far-right (i.e., authoritarian) newspaper, Manchester Union-Leader, which interview they buried on their website, but the newsworthy comment in it (cited just above) is at 16:11-16:40 on their buried and muddy-sounding 54-minute-long boring interview video here, where Bush had been asked about his plan for the U.S. economy.
Vladimir Putin States Russia’s New Strategy
Eric Zuesse
Russian President Vladimir Putin presented, on July 3rd, to Russia’s Security Council, the nation’s new National Security Strategy, which encompasses not merely military, but especially economic, agencies within the Russian Federal Government.
Because his statement was ignored in Western ‘news’ media, it will here be presented in full, for individuals who are interested, among the publics in Western countries. As is usual for all of my reports, this one is simultaneously being submitted to all of the major and most of the smaller news media throughout the United States and United Kingdom (as well as some elsewhere), in order for the information to be made available as widely as possible, in ‘the free world.’ (My news reports are available at no charge.)
New IMF Report on Greece Says Projections Are Unrealistically Optimistic
Eric Zuesse
A new IMF report on Greece, issued on Tuesday, July 14th, is titled “AN UPDATE OF IMF STAFF’S PRELIMINARY PUBLIC DEBT SUSTAINABILITY ANALYSIS,” and it says — these are quotations, not paraphrases — in summary:
Greece’s public debt has become highly unsustainable. … The financing need through end-2018 is now estimated at Euro 85 billion. … Greece’s debt can now only be made sustainable through debt relief measures that go far beyond what Europe has been willing to consider so far. … Public debt cannot be assumed to migrate back onto the balance sheet of the private sector at interest rates consistent with debt sustainability until debt is much lower. Greece cannot return to markets anytime soon at interest rates that it can afford. … Medium-term primary surplus target: Greece is expected to maintain primary surpluses for the next several decades of 3.5 percent of GDP. Few countries have managed to do so.
Britain Targets Russian Media
by Stephen Lendman
Britain, America and other Western nations disgracefully consider real news, information and analysis Russian media provide propaganda - in other words, anything exposing their destructive agenda truthfully.
Britain is obstructing Russia's international news agency Rossiya Segodnya (RS). On orders from Whitehall, Barclays bank froze its account unjustifiably without explanation.
RS was founded in December 2013 - incorporating the former RIA Novosti news service and Voice of Russia international radio. In November 2014, RS launched Sputnik News and Radio Sputnik.
Dmitry Kiselyov heads RS. He blasted what happened - calling it "censorship. To close the account of one of the world's leading news agencies…direct(ly) obstruct(s) journalists' work," he said.
LaRouche PAC Intervention in Manhattan Puts Glass-Steagall on the Global Agenda: 'Senator Clinton, Will You Restore It...?'
LaRouche PAC
July 13 (EIRNS)-It was a mere five words, almost inaudible, even in the video, drowned out by intentional applauding by the crowd, yet history has been changed as a result. "Senator Clinton, will you restore Glass-Steagall?" was the call from LaRouche PAC activist Daniel Burke, made repeatedly from the back of the room, as Clinton was ending her "economic policy" speech-a speech entirely devoid of any content-at the New School in New York City this morning.
There were to be no questions allowed. While Burke was quickly escorted out, and Clinton thus saved by the orchestrated crowd noise, the news had already begun to circulate around the globe.
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