Jun 252015
 
 June 25, 2015  Posted by at 8:48 am Finance Tagged with: , , , , , , , , ,  Comments Off on Debt Rattle June 25 2015
Debt Rattle June 25 2015

Lewis Wickes Hine ‘Hot dogs’ for fans waiting for gates to open at Ebbets Field 1920 • Americans Throw Out $165 Billion Worth Of Food Every Year (MarketWatch) • Europe, A Big Phony (Costas Iordanidis) • Greek Problems Mask The Rising Risks In Italy And France (Satyajit Das) • Britain Would Not Survive A Vote For Brexit (FT) • Greece: A Deal Nobody Believes In (Paul Mason) • Troika’s Red Ink Tells Its Own Story (Guardian) • Greek Syriza Official

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Jun 252015
 
 June 25, 2015  Posted by at 7:38 am Finance Tagged with: , , , , , , ,  1 Response »
Off to Greece, and an Update on our Athens Fund

NPC KKK parade on Pennsylvania Avenue, Washington DC 1925 Today I fly to Athens, and boy, does time seem to fly along with me. I’ll be arriving in Athens apparently just in time for a big demo in Syntagma square (got a mail minutes ago saying people are on their way there as early as 9 AM local time). Something tells me there’ll be quite a few more of those during my stay. And I don’t think there’s any guarantee

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Jun 242015
 
 June 24, 2015  Posted by at 11:02 am Finance Tagged with: , , , , , , , , ,  3 Responses »
Debt Rattle June 24 2015

NPC KKK services, Capital Horse Show grounds, Arlington 1938 • 70 Million Americans Are Teetering On The Edge Of Financial Ruin (MarketWatch) • Marine Le Pen: Just Call Me Madame Frexit (Bloomberg) • The Delphi Declaration On Greece And Europe (Paul Craig Roberts) • Berlin Insists Greek Parliament Approves All Reforms By Monday (FT) • Europe Is Destroying Greece’s Economy For No Reason At All (WaPo) • Greek Public Stops Paying Off Personal Debts As Uncertainty Grows (FT) • A

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Jun 242015
 
 June 24, 2015  Posted by at 9:58 am Finance Tagged with: , , , , , , ,  14 Responses »
The Only Good Deal For Greece Is NO Deal

Ben Shahn Sideshow, county fair, central Ohio 1938 The only thing that would really go towards beginning to solve the problems with Greece is for Athens to NOT sign a deal. The short version of why that is so: it would leave the EU intact for longer. And the ECB. Neither have any viable future, but as they go down, they can cause a lot of damage and pain. It’s mitigating that pain which should now be our priority no.

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Jun 232015
 
 June 23, 2015  Posted by at 10:08 am Finance Tagged with: , , , , , , , , , ,  6 Responses »
Debt Rattle June 23 2015

Wyland Stanley Marmon touring car at Yosemite 1919 • Greece: “It’s Like We Bought A Bad Franchise” (SMH) • Greece Is A Sideshow. The Eurozone Has Failed (Aditya Chakrabortty) • Crisis Is The New Normal For Weary Greeks (Guardian) • Greece’s Red Lines Start To Blur And Bend (Guardian) • Greek Offer To Creditors Runs Into Angry Backlash At Home (Reuters) • Syriza Members Warn Tsipras Against Betrayal With Bailout Compromise (Dow Jones) • On Those Creditor ‘Red Lines’ For

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Jun 222015
 
 June 22, 2015  Posted by at 10:40 am Finance Tagged with: , , , , , , , , ,  2 Responses »
Debt Rattle June 22 2015

Unknown Dutch Gap, Virginia. Picket station of Colored troops 1864 • Five Horsemen Of The Euro’s Future (Politico) • The Three Victories Of The Greek Government (Jacques Sapir) • Greece and Germany Agree the Euro Can’t Work (Crook) • The Euro Was Doomed From The Start (Norman Lamont) • If Greece Defaults, Europe’s Taxpayers Lose (Bloomberg) • Why On Earth Is Greece In The EU? (Angelos) • EU Welcomes 11th-Hour Greek Proposals In ‘Forceps Delivery’ (Reuters) • EU Commission Gives

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Jun 212015
 
Debt Rattle June 21 2015

Unknown Army of the James at completed Dutch Gap canal, James River, Virginia 1864 • Hollande Is Implored to End ‘Financial Blackmail’ of Greece (Bloomberg) • The Fight To End Greece’s Great Euro Depression (Telegraph) • Greek Episodes Of Despair And Drama As Moment Of Truth Nears (Helena Smith) • Greece, The Euro and Gunboat Diplomacy (Karl Whelan) • As Greece Stares Into The Abyss, Has Spain Escaped From Crisis? (Observer) • Greek PM Prepares Last-Ditch Offer To Avoid Default

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Jun 202015
 
 June 20, 2015  Posted by at 10:32 am Finance Tagged with: , , , , , , , , , ,  8 Responses »
Debt Rattle June 20 2015

DPC Elks Temple (Eureka Club), Rochester, NY 1908 • Greek Debt Crisis Is The Iraq War Of Finance (AEP) • A Pressing Question For Ireland Before Monday’s Meeting On Greece (Varoufakis) • Varoufakis Says Greek Proposal Not Discussed At Eurogroup (Reuters) • The Truth About Greece Is In The Collateral Backstopping Derivatives (Phoenix) • Greece Says ECB Won’t Let Its Banks Collapse (Reuters) • Greek Pensions Have Been Cut Sharply, But Creditors Want More (WSJ) • SYRIZA MP Files Complaint

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Jun 192015
 
 June 19, 2015  Posted by at 8:07 pm Finance Tagged with: , , , , , , , ,  10 Responses »
Update: Automatic Earth for Athens Fund

Marion Post Wolcott Main Street. Sheridan, Wyoming 1941 Just about exactly three days ago, I wrote an article telling you that I will be going to Athens next week: The Automatic Earth Moves To Athens. I also announced in that article that I was setting up an Automatic Earth fund, the proceeds of which I will donate to needy Greek foodbanks and clinics. The reactions to that fund drive have been amazing in more ways than one. But first, here’s

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Jun 192015
 
 June 19, 2015  Posted by at 10:31 am Finance Tagged with: , , , , , , , , , ,  2 Responses »
Debt Rattle June 19 2015

G.G. Bain New York, suffragettes on way to Boston 1913 • Are Surpluses Normal? (Steve Keen) • Greece Is Literally Dying To Leave The Euro (Daily Mail) • Eurozone Ministers Insist On ‘New Proposals’ For Greece Summit (AFP) • Greece’s Proposals to End the Crisis: My Eurogroup Intervention (Varoufakis) • ECB Meeting To Decide On €3.5 Billion Greek Emergency Funding (Guardian) • Greece Faces Banking Crisis After Eurozone Meeting Breaks Down (Guardian) • Why Greece Might Now Have The Upper

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