How Goldman Sachs Ruined Greece. And Yes, They Are Doing It Here Too!

In April 2012 I reported that New Zealand was accumulating Derivative swaps at an alarming rate. When I reported on this the amount of money in Derivatives was already an alarming $ 112 Billion and I have no reason to  assume that is anything less as I write this. At the time Dr Sue Newberry […]

Greeks Panic As Drug Firms Slash Medicine Supplies By 90% On Bad Debts

Greece is facing a serious shortage of medicines amid claims that pharmaceutical multinationals have halted shipments to the country because of the economic crisis and, as The Guardian reports, concerns that the drugs will be exported by middlemen because prices are higher in other European countries. Rubbing further salt into the Greek (un-medicated) wound, the […]

On Greece, Austerity Or Why Privsatisation Really Is A Very Bad Idea

Here is a one and a half hour Greek documentary about the privatization and the “soft” coup in Greece by the same people who supported the Military Junta which brought misery to millions of Greeks in times not so long past. It is subtitled in English if you push the subtitle button!

Geithner’s Legacy: The “0.2%” Hold $7.8 Trillion, Or 69% Of All Assets; And $212 Trillion Of Derivative Liabilities

If you want to know what that means consider this: You and I don’t hold any Derivatives. the 0.2% does. We only know of $ 212 Trillion according to this article but calculations about the “shadow banking world” Derivatives(the off the books money supplies which I might add would get our asses in jail if […]

Greek Unemployment Soars To New Record, 56.6% Of 15-24 Year Olds Without Job

Judging by ongoing momentum moves in various European stock and bond market indicators, one could be left with the impression that something in the continent is actually improving. And while hope of improvement is certainly be high, the reality is vastly different as confirmed by the just released Greek unemployment data, which saw the broad […]

Greece ‘Selective Default’ And Geithner’s ‘Selective Memory’

If Greece defaults even partially it will trigger the insurance hedges countries have taken to insure their risks against foreign Currencies. This is what will be the result: Late last night S&P placed Greece into “Selective Default” again. This is not the first time that Athens has been placed in the jailhouse and perhaps it […]

Just In Case You Think Greece Is Saved!

It took the charming three tries for Greece to get its third “bailout”, which incidentally does not bail out anyone except the hedge funds who went long GGBs because the only actual winners resulting from yesterday’s transaction – those benefiting from Europe’s AAA club fund flows are hedge funds as explained previously. As for Greece, […]

While We Were Watching The Storm The Greek Coalition Just Collapsed

While we are watching Sandy the next phase of the economic collapse just happened. The Greek coalition collapsed ahead of an important vote. This means new elections and more chance of the inevitable disintegration of the Euro. If one is curious why the EURUSD has been ramping as if no one will ever sell one […]

Greece demands billions for German war crimes: Relations between EU partners plunge to a new low

This was an accident waiting to happen and trust me when I tell you that if being German could get you killed in Greece since WWII, now is definitely not the time to  go to Greece for a holiday if you are German! Greece has threatened to hit Germany with a bill for tens of […]

America Supports Greece in a Return to the Drachma?

This from the Slog: The US Treasury’s Assistant Secretary for International Finance Charles Collyns had a meeting with Greek Finance Minister Yiannis Stournaras in Athens on Wednesday morning. The official Greek media version was that Collyns ‘expressed the support of US-Finance Secretary Tomothy Geithner to Greece and his confidence in Greek efforts. Yinannis Stournas briefed […]

Just imagine: Banks runs every day and stocking up on food to save yourself.

Just imagine living like this. Your country is experiencing bank runs every day for the last two weeks and you have stocked up on food to help you survive the coming elections and the possible collapse of your currency. Well that is what’s happening in Greece and it will happen here. $ 112 Billion in […]

Bank runs in China, Stocks plummeting and Hunger in Greek prisons or what’s next

While we are being distracted by the royal pageantry and the Olympic games the collapse of our entire financial system moves inexorably towards its demise. Here are some pointers you might be forgiven for having missed as they are not present in our mainstream media. China, the great economic power that was going to be […]

Kim Kardashians braless tits, Zombie attacks and Shutters in Greece or why you should dump the Main stream media

So what is important in mainstream media today?  Greece, Spain, Financial meltdowns debilitating entire nations? No, Kim Kardashians hanging braless tits, Zombies on LSD eating other peoples faces and other assorted rubbish are what you are supposed to digest.  If like me you have absolutely no truck with Narcissists and Mad men on drugs here […]

Spain “discovers” 28 billion debt, Greece is becoming Schizoid and JP Morgan Chase is addicted to gambling

And while New Zealand wakes up to arguably one of the worst budgets in the last twenty years (Ruthanasia anyone) and even kids with a holiday job have to pay tax so the rich can continue getting richer while everybody gets poorer here is what is happening in the rest of the world. In a […]

Greece, Spanish banks downgraded and Jamie Dimond invited to testify before the Senate!

Update on the developing European banking crisis! Fitch has downgraded Greece again and Moody only downgraded 16 Spanish banks after it had announced it would downgrade 21 banks. And Jamie Dimon the CEO of JP Morgan has been invited (What is wrong with old fashioned arrests and police investigations I wonder) to testify before the […]

A Greek bank run for a second day and now Spain is following, watch this space….

Today it emerged that  the Greek drew another billion Euro’s out of their banks and yesterday the Spanish took a billion out of the partly Nationalised Bank. This is the scariest development yet but it will only spiral out of control from here on. Look for bank runs in Ireland and Italy and possibly in […]

The brutal truth finally emerges in the MSM : Greece on brink of collapse

Christine Lagarde spokeswomen if the IMF (International Mafia Federation) finally had to concede what all of us here in the real world have known for years that the structurally unsound Euro is collapsing when she told the press that she was technically prepared for anything with regards to the Greek financial collapse and that effort […]

Breaking: the Greek bankrun has begun! Greek Depositors Withdrew $898 Million From Banks Monday

This just came in thanks to an attentive reader! Remember if Greece goes so does the rest of the financial world! ATHENS—Greek depositors withdrew €700 million ($898 million) from local banks Monday, the country’s president said, as he warned that the situation facing Greece’s lenders was very difficult. In a transcript of remarks by President […]

On Greece’s bancrupcy, JP Morgan’s loss and those pesky Derivatives Johnny “Derivatives” Key and Bill “Double Dipton” English invested in.

Warren Buffet once famously called Derivatives a financial weapon of mass destruction but that hasn’t stopped the out of control banking sector to build a bubble worth $500 trillion to 1.5 Quadrillion and since the profits were privatised while the losses were socialised there has been no risk for the banksters. So if you have […]

Mothers forced to sell their children while Greece collapses

With each day the situation in Greece gets more and more desperate! The economic crisis across Europe has perhaps been most keenly felt in Greece, where people have taken to the streets in violent and emotional protests against the austerity measures imposed on the nation. In this heartbreaking dispatch from the streets of Athens, SUE […]

Greece, Neo-Nazis and anti bailout sentiment or is the end of the Euro near!

Greece’s preliminary election results are a banksters worst nightmare. The pro bail out parties who decided to bail out the banks over the back of their own people are no in a minority and all the other parties are against the bailout. The issue could quickly become one of will Greek stay in the Euro […]