When the banking system becomes too big to bail, the moral hazard trade that started it all becomes systemic “immoral hazard”—an extortion racket aided and abetted by the very politicians elected to serve our interests. When that trade takes place in a set of institutions that is incapable of resolving the crisis it faces, the result is permanent austerity.
Much is not what it seems around the tragedy of the Malaysian airliner MH17 which was shot down above the Ukraine on July 17th 2014.
This video challenges the immediate reflexes by the establishment media and governments, it explains the true story behind the events in the Ukraine and the loopholes in the official investigation.
The main culprit in the debt crisis was a fall in tax revenues resulting from massive tax cuts for corporations and the wealthy. According to Razmig Keucheyan, sociologist and author of “The Left Hemisphere,” this “neoliberal mantra” that was supposed to increase investment and employment did the opposite.
For the first time, EU leaders, particularly Merkel, understand that the United States’ strategic objectives (the pivot to Asia) do not align with those of the EU, in fact, Washington’s geopolitical ambitions pose a serious threat to Europe’s security.
US President Obama supports Chancellor Merkel’s efforts at finding a diplomatic solution to the Ukraine crisis. But hawks in Washington seem determined to torpedo Berlin’s approach. And NATO’s top commander in Europe hasn’t been helping either.
While Western taxpayers bail out the Kiev regime with a $40 billion loan from the International Monetary Fund, the junta is evidently using the money to go on a weapons spree and to crank up its NATO-supplied war machine. The UAE weapons sales deal is just a backdoor for NATO to embark on further warmongering in Ukraine and toward Russia.
Does Varoufakis really think he can pull this off? Does he really think he can out-fox the slimy, authoritarian brigands and leg-breakers who run these extortionist institutions and who will use every means possible to extract the last drop of blood from their victim be he an aspiring, but penniless student at the university or a destitute pensioner huddling homeless and frozen in an abandoned doorway in downtown Athens?
while NATO claimed to be protecting human rights, it bombed Libyan civilians and enabled the Libyan opposition to persecute black African migrant workers and ethnically cleanse the black Libyan town of Tawergha. Less than four years after NATO attacked Libya, Bernadino Leon, the United Nation’s special envoy to Libya, says the country is “close to the point of no return.”
The rulers of the world want Ukraine not only as a missile base; they want its economy. Kiev’s new Finance Minister, Nataliwe Jaresko, is a former senior US State Department official in charge of US overseas “investment”. She was hurriedly given Ukrainian citizenship. They want Ukraine for its abundant gas; Vice President Joe Biden’s son is on the board of Ukraine’s biggest oil, gas and fracking company. The manufacturers of GM seeds, companies such as the infamous Monsanto, want Ukraine’s rich farming soil.
In Towards a World War III Scenario, Michel Chossudovsky documents that the U.S. is so enamored with nuclear weapons that it has authorized low-level field commanders to use them in the heat of battle in their sole discretion … without any approval from civilian leaders.
May cooler heads prevail …
a slow motion bank run has been underway in Greece for more than a month draining roughly 40 billion euros from the Greek banking system. If a deal hadn’t been struck on Friday, the ECB would have pulled the plug on its liquidity assistance program and blown the whole system to kingdom come. That’s how the Eurocrats planned to say goodbye to their long-struggling member, Greece, by giving them a sharp jolt to the groin before razing their economy to the ground
Minsk 2.0 agreement de facto shows that Germany and France, the leading European powers are trying to break away from the “American Chaos project.”
