Greece’s inevitable default is finally mentioned in the MSM or how the global finance wars can no longer be ignored

This morning Greece’s inevitable default finally made it into the NZ MSM. They didn’t actually point out that it was inevitable of course but it can no longer be avoided. Here is some more information you might need to get the broader picture: Portugal has been degraded to absolute junk –France was downgraded from AAA […]

Behold The New Anschluss: ECB’s Paramo – “Prepare To Give Up Significant Sovereignty”

From Zero hedge: The only quote worth noting from the just delivered speech by ECB executive board member José Manuel González-Páramo is the following: “We cannot completely delegate governance to financial markets. The euro area is the world’s second largest monetary area. It cannot depend solely on the opinions of ratings agencies and markets. It […]

The Collapse Of Our Corrupt, Predatory, Pathological Financial System Is Necessary And Positive

 a couple of days ago I posted an article about the pending economic collapse explained in three easy steps. This article published on Zero Hedge blog is eminently readable and covers the economic collapse with a bit more detail but the premiss is the same. Banks took on risk and hedged it back to zero […]