Global South

Greece – Rescue Without Debt

Chris Black concludes that a “court would also have to consider whether the contract was ever valid in the first place; that is – did both sides get real consideration for their part in the bargain….It is clear that the moneys lent did not actually flow into the Greek economy but were nominal loans to the Greek nation, but actually went from one lenders bank to another and back again, so that it was really a scam to steal the wealth of the Greek people…. The Greek could legally argue their way out of all these contracts and loans, but of course behind the contracts sits the German army and behind them the US army – and so it not (so much) a legal matter but a political one. Argentina and Iceland made a political decision and repudiated these contracts. Greece can do the same.”

What the BRICS plus Germany are really up to?

By Pepe Escobar (RT | Op-Edge) Winston Churchill once said, “I feel lonely without a war.” He also badly missed the loss of empire. Churchill’s successor – the ‘Empire of Chaos’ – now faces the same quandary. Some wars – as in Ukraine, by proxy – are not going so well. And the loss of empire increasingly manifests itself in […]

EU Showdown: Greece Takes on the Vampire Squid

Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.”

Libya Then and Now: An Overview of NATO’s Handiwork

The end product has been lawlessness and Somali-style civil war. The state has basically been “failed” by the US and its allies. Post-Jamahiriya governmental authority is only exercised by those in power inside of their offices and a few spaces. Violent crime has proliferated. Tripoli and other major cities are being fought for by different factions and Libyan weapons are being smuggled into different countries. Even US officials, which helped midwife the groups running rampant in Libya, have not been safe from the turmoil they helped create; the murder of US Ambassador John Christopher Stevens in Benghazi on 12 September 2012 is testimony to this.

“Dark Alliance”: The Story Behind the Crack Cocaine Explosion

“The only way you’re going to do effective journalism is to be truly independent,” Webb once said. “It’s a difficult thing to do, but [investigative journalists] George Seldes and I.F. Stone did it. There’s no reason modern-day journalists can’t do it too. You don’t get 401-Ks and health benefits, but at least you get to tell the truth.”

Beyond Resistence: Everything

20 years ago, the day after the infamous NAFTA (North American Free Trade Agreement) was signed, the EZLN, The Zapatista Army of National Liberation, emerged from the jungles of Chiapas, Mexico and inspired the world-wide anti-globalisation movement.

“We Are Better Off Without US Government” Evo Morales

I have no regrets – in fact, I am pleased to have expelled the US ambassador, the Drug Enforcement Administration (DEA) and to have closed the US military base in Bolivia. Now, without a US ambassador, there is less conspiracy, and more political stability and social stability. Without the International Monetary Fund, we are better off economically.