Will Greece Declare Their Debt an Odious One? If So, Prepare For Glorious Helter Shelter!

Those of you who read my blog regularly may have seen the term odious debt mentioned in some of my earlier posts on Greece. In fact I have argued that with John Key being a Wall street banking insider heaping huge amounts of debt on our shoulders he was in fact making sure that debt […]

Greece misses IMF payment in warning shot as showdown with Europe escalates

Odious debt doesn’t need repayment according to international law! Greece is to take the drastic step of skipping a €300m payment to the International Monetary Fund on Friday, invoking an obscure mechanism in abeyance since the 1970s to bundle all debts due in June and pay them at the end of the month. It is […]

John Key, Be warned! ‘The Bailout Is Over. Blackmail Is Over. Subservience Is Over’ Syriza Wins!

Early days but WOWWOWWOW!!!!!!! Syriza, the anti austerity party wins. The Greek people have spoken. AMEN!!! F*&k the troika and the banksters!. John Key be afraid, be very afraid! An anti-austerity party has won a landmark election victory in Greece which critics fear could force the Eurozone into a fresh crisis. With 97 per cent […]

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 […]