On Thursday, we highlighted the pitiable plight of Greek businesses which, facing an acute cash crunch and suppliers unwilling to provide credit ahead of the country’s weekend referendum, are being forced to close the doors.
The country’s banks are set to run out of physical banknotes “in a matter of days” according to a “person familiar with the situation” who spoke to WSJ and Constantine Michalos, the president of the Athens Chamber of Commerce, fears the country’s stock of imported goods will only last for two or three more weeks.
Meanwhile, Greeks have resorted to scavenging for food and picking through dustbins for scrap metal and as we noted on Wednesday, this is hardly a recent development in Greece. High unemployment has plagued the country for years , becoming endemic and relegating many Greeks to a life of perpetual and severe economic hardship. Continue reading »
In the last few days there were dozens of separate attacks in Egypt from the Sinai up to Cairo. Probably more than 60 people died while the Egyptian army used F16 attack plains to protect itself against it disgruntled population.It is clear that the Egyptian rulers will not be able to contain the current situation, today could be marked as the start of Egypt’s civil war.
Democratic elected governments were violently overthrown, in Algeria, Egypt and Palestinian territories. In Algeria the FIS had won the first held elections with a convincing majority in 1990 and 1992. It has been removed from power in 1992 by a coup d’etat that was highly approved by the West. Probably 150.000 people died in the civil war that followed these events up. Continue reading »
America is better off when President Obama is out on the stump bloviating and boasting rather than in Washington actively doing harm. But the whoppers he just told the students at the University of Wisconsin are beyond the pale. Said our spinmeister-in-chief: “And the unemployment rate is now down to 5.3 percent. (Applause.) Keep in mind, when I came into office it was hovering around 10 percent. All told, we’ve now seen 64 straight months of private sector job growth, which is a new record — (applause) — new record — 12.8 million new jobs all told.” That’s a pack of context-free factoids.
By now it should be clear to all that the only reason why Germany has been so steadfast in its negotiating stance with Greece is because it knows very well that if it concedes to a public debt reduction (as opposed to haircut on debt held mostly by private entities such as hedge funds which already happened in 2012), then the rest of the PIIGS will come pouring in: first Italy, then Spain, then Portugal, then Ireland. Continue reading »
Several days ago, we posted a NSA cable leaked by Wikileaks, in which then French finance minister Moscovici (currently a European commissioner) was admitted that the French economic situation was “worse than anyone [could] imagine and drastic measures [would] have to be taken in the next two years.” It has not improved since then.
Overnight, in another perhaps even more relevant to the current quagmire in Greece leak, Wikileaks has released another intercepted NSA communication between German Chancellor Angela Merkel and her personal assistant reveals that not only Merkel, but Schauble, were well aware that even with a debt haircut (which took place in 2012 but only for private creditors and whose impact was promptly countered with the debt from the second bailout) Greek debt would be unsustainable. Technically, she did not use that word: she said that “Athens would be unable to overcome its problems even with an additional haircut, since it would not be able to handle the remaining debt.” Continue reading »
Mind you, their numbers are still way off the mark, in the end it’s going to be easily double what they claim. Not even a Yanis Varoufakis haircut will do the trick.
But at least they now have preliminary numbers out. The reason why they have is inevitably linked to the press leak I wrote about earlier this week in Troika Documents Say Greece Needs Huge Debt Relief. If that hadn’t come out, I’m betting they would still not have said a thing.
It’s even been clear for many years to the IMF that debt restructuring for Greece is badly needed, but Lagarde and her troops have come to the Athens talks with an agenda, and stonewalled their own researchers.Continue reading »
Actor and comedian Jim Carrey has some strong words for California Gov. Jerry Brown: “corporate fascist.”
In a major Twitter rant, Carrey – a Golden Globe winner – slammed Brown on Twitter, labeling him a “corporate fascist” who was poisoning children by signing into law the vaccination requirements, the Los Angeles Times and The Hollywood Reporter (THR) noted.
“California Gov says yes to poisoning more children with mercury and aluminum in [mandatory] vaccines,” he said. “This corporate fascist must be stopped.”Continue reading »
Nearly 100,000 German beekeepers are calling for a nationwide ban on the cultivation of GMO crops. The beekeepers are represented by the German Beekeepers Association (DIB), which is pursuing the ban after the introduction of legislation allowing member states to opt out of GM planting schemes that have been approved at the EU level.
The new law allows a member state to ban GMO agriculture in all or part of its territory. The legislation is strongly opposed by GM proponents and has become a controversial issue throughout the EU. Continue reading »
UPDATE: Craigslist has removed this post since publishing as this story has gotten national attention.
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In a Craigslist ad posted about 17 days ago, our Federal Government is looking for crisis actors for July 4th through July 6th.
“We are looking for crisis actors for a government emergency drill between July 4-6th. Actors will be responsible for portraying different emergency scenarios in a simulated government terror drill. No experience is needed. Confidentiality agreements are required. Pay is $200. Please message for details.” ~Houston CraigslistContinue reading »
European Parliament president Martin Schulz said his faith in the Greek government had reached “rock bottom,” and, as AFP reports, that he hopes it resigns after Sunday’s referendum. Luckily, he has an idea for a solution… the time between the departure of Tsipras’ hard-left Syriza party and new elections would have to “be bridged with a technocratic government, so that we can continue to negotiate.”
Schulz on Thursday told German Handelsblatt business daily that “new elections would be necessary if the Greek people vote for the reform programme and thus for remaining in the eurozone and Tsipras, as a logical consequence, resigns.”Continue reading »
Following warnings by the federal government that terrorists may be planning to attack Independence Day events, FBI agents are reportedly telling friends and family members to avoid major July 4 celebrations.
Gateway Pundit’s Jim Hoft cites an “inside source” who told him that, “FBI agents are telling their friends and family members to avoid “official celebrations.”
Hoft also claims that the FBI has canceled vacation for all its agents for the duration of the weekend. Continue reading »
“With banks shuttered and Greece’s economy hobbled by capital controls, Varoufakis said in a Bloomberg Television interview in Athens that he would “rather cut my arm off” than sign a deal that fails to restructure Greece’s debt.”
(Emily Richards) Illinois is heading toward a state government shutdown after the legislature adjourned Tuesday without closing a $6.2 billion gap and passing a budget by the July 1 deadline.
Illinois currently has the largest deficit and lowest credit rating of any of the 50 states. According to the University of Illinois, its current annual deficit is $9 billion, which is projected to grow to $14 billion by FY 2026.
“We’ve got a mess,” Gov. Bruce Rauner told workers at the Illinois Emergency Management Agency on Tuesday. “It’s going to take a little while to fix. I hope we can get it fixed promptly.” Continue reading »
Demonstrators have gathered in front of the US embassy in Kiev to protest against what they call US meddling in Ukraine’s internal affairs, including the military conflict in eastern Ukraine.
Several hundred protesters held a rally in front of the US embassy in Kiev on Wednesday, Ruptly reports. The demonstrators held placards with signs: “Shame on the US” and “Yankees go away from Ukraine.”
Some carried photos depicting the destruction and casualties in the country’s restive east, while others held signs reading “The blood of Donbass kids is on Obama’s hands.”
U.S. law enforcement agencies rank the threat of violence from anti-government extremists higher than the threat from radicalized Muslims, according to a report released Thursday by the Triangle Center on Terrorism and Homeland Security (TCTHS).
The report, “Law Enforcement Assessment of the Violent Extremism Threat,” was based on survey research by Charles Kurzman, professor of sociology at the University of North Carolina at Chapel Hill, and David Schanzer, director of TCTHS and associate professor of the practice at Duke University’s Sanford School of Public Policy.
The survey — conducted by the center with the Police Executive Research Forum — found that 74 percent of 382 law enforcement agencies rated anti-government extremism as one of the top three terrorist threats in their jurisdiction. By comparison, 39 percent listed extremism connected with Al Qaeda or like-minded terrorist organizations as a Top 3 terrorist threat.
Since September 11, 2001, the frightened and emotionally pliable American public has gullibly relinquished its civil liberties and free heritage in order to allow the U.S. government to wage unaccountable and unconstitutional war again Al-Qaeda and radical Islamic terrorism across the world. Continue reading »
British Prime Minister David Cameron has warned of “terrible” attacks on the UK and the West by militants from the ISIL Takfiri terrorist group.
“There are people in Iraq and Syria who are plotting to carry out terrible acts in Britain and elsewhere and as long as ISIL exists in those two countries, we are at threat,” Cameron told the state-run BBC.
“It is an existential threat because what is happening here is the perversion of a great religion and the creation of this poisonous death cult is seducing too many young minds,” Cameron added. Continue reading »