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 […]

Fuck Democracy? Why $ 9 Million On The Referendum Is Money Well Spend Or Remind Me Again Why We Spend $ 115 Million Selling Our Stuff?

John Key thinks that spending $9 million on a National referendum of Asset sales is a waste of money. He thinks that because first of all, it’s all just about sending a signal and all our assets will be sold before the referendum anyway. John Key was elected on the sales pitch that he was […]

Odious debt, John Key’s legacy?

The concept of odious debt was established in international law in 1927 and basically states that (quote wikipedia) the national debt incurred by a regime for purposes that do not serve the best interests of the nation, should not be enforceable. John Key has borrowed a massive $ 40 billion or so in the last […]