Raúl Ilargi Meijer
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absolutely. Greenpa
China can print monopoly money up the wazoo, who’s going to protest? not western CBs who do the same only to a far lesser extent.
Something tells me Syriza has known this all along.
T-Bear:
A very astute observation. Tsipars cannot do it, the big NO, can’t even be seen as doing it. But at the same time, it will never be the entire Parliament. The other parties smell their shot at another stint in the Big House. Pro-euro demos are carefully scripted with flashy pamphlets and all, people tell me.
Nicole is of course very right – isn’t she always? – it’s about trust, as I wrote:
“None of these institutions, IMF, EU, ECB, has any raison d’être or any claim to fame unless there is explicit trust in what they represent. That trust is now gone, and it’s hard to see how it can ever be recovered.”
I might as well have said it’s impossible to see. We’ve passed beyond the trust horizon, we just don’t know it yet.
Greece can shake the EU on its foundations. France can topple it. The third dog in the bone fight is Italy. Spain can do a lot of damage.
tabarnac: yeah, there’s lots of it, I know, and I’m off to Athens tomorrow, so…
boogaloo: not sure that unhealthy is the issue, or perhaps we should say it relates to financial rather than physical health
koso man
I know what you’re saying, and I know it’s not just Greece, and I’m as much a victim of media focus as the rest, but just because it happens somewhere else too doesn’t mean it’s alright that it happens in Greece. The entire EU is immoral -or amoral-. So write to me about Kosovo, about what goes on where you live.
Thanks, Charles.
The Greeks are much better than Americans at community and sharing, or the misery would be much worse. They go a long way towards Twin Oaks. Whole families living on a single pension, that sort of thing. Entire hospitals more or less run by volunteers. And much more. But in a city things are harder at the same time. I know it’s not about money, but short term it’s not going to hurt. Hungry kids is a no-no.
tandy,
yeah, read that too last night. plus Ryan Gallagher’s piece:
https://notes.rjgallagher.co.uk/2015/06/sunday-times-snowden-china-russia-questions.html
Jeff,
If only I could remember. Doesn’t ring a bell right off the bat. That’s what you get with all the writing?! Maybe someone else knows? By all means, see if you can provide more clues, keywords etc.
Thanks for your donation.
Nicole addressed Wörgl here at TAE in Mitigating a Liquidity Crunch .
These two things contradict each other:
“I’m not a ninny. I know we are spoon-fed propaganda in the West.”
“I’m more concerned with Ukraine, a nation which has re-made and re-discovered itself over the past two years.”
Ed,
Our problem in the west is not Russia’s propaganda machine, it’s our own. We get fed the exact same made up narrative from a thousand sources. I for one am grateful that with RT there’s at least one counter source. The situation is so unbalanced that being critical of RT posting literal quotes from an Italian interview with Putin seems pretty silly from where I’m sitting. The entire Russia as aggressor story has been swallowed hook line and sinker on no evidence whatsoever, virtually all across the west. That is what we should be worried about. It’s also probably why you type ‘Russian separatists’ without blinking an eye.
Dim,
Duly noted. Hadn’t seen any of Alex’s pieces for a while (Guardian?!), but perhaps that’s just me.
Variable, I’m working on Nicole.
Dio, 5 against 30,000 is never a fair fight. 30,000 scientists either all being bought off or being too thick to understand their own field, is not a credible position.
Tsigantes and others,
A few things:
• “Greek oligarchic wealth has risen from 14 BN in 2010 to 18 BN today”
I would love some info on that, haven’t seen any.• “Yanis Varoufakis was removed from the front line of the grindstone:”
I see no reason to believe that is true. Western media never tire of repeating it though. Yanis has always denied it.• I’m thinking of spending some time in Greece (Athens) soon.
I’d love contacts, people to talk to, maybe a place to stay (we avoid hotels as much as we can). Nicole is in New Zealand, so I’ll be traveling alone. I simply think it’s the place to be.Contact • at • TheAutomaticEarth • com
Christoph, Tsipras doesn’t have the mandate to write such a chapter. He has to very carefully guide his country there, and in the meantime he can’t say it out loud.
rapier,
I don’t see a contradiction. The statements involve different topics. The first concerns Draghi’s forays into politics, the second increasing German dominance of Europe.
Re: “flood the comment section with bullshit.”
How can you tell? All comment sections at ZH are full of it.
Indeed, Tsigantes, as I said quite a few times before, it’s all just political. Power politics. But those have no place in the EU.
Steve’s credits do not have to be repaid.
His plan is sound, but won’t be executed as long as our political systems are controlled by banks.
There’s another issue with it: a large portion of our private debts have been securitized and sold in international markets. Therefore, country X can enforce the Keen Debt Jubilee, and see much of the credit injected in its economy siphon off to country Y,Z or more likely to international private investors.
I see a major problem for any debt jubilee in the fact that financial markets are global. At the very least debts would have to be restructured, so it doesn’t all become a free for all for creditors. They would have to swallow large haircuts on their holdings to make things fair.
In the days of old when debt jubilees were used, it would be one mighty lord forgiving the debts of his feudal servants. And still have enough left over to keep ruling. The whole system is much more complicated now.
Maybe it’s a question of permissions?! I’m the big honcho, I can do anything, but I don’t know about other accounts. I can see what your code looks like in the source code, but it automatically translates it into <b> when I put it in a comment.
Jenny, and don’t forget Nicole’s Crash on Demand? A Response to David Holmgren. That completes the picture, as Dave would be the first to admit. We had a great time with him at the permaculture convergence in Tasmania in March. He’s the most graceful man.
mattila
No political party for us. That’s one system nobody should get caught in. It selects for sociopaths and psychopaths. Watching the UK elections goes a long way to confirm this once again. That and the still increasing blatant role of the press as propaganda machine. I don’t think we are psychopathic enough to survive that kind of thing.
Greek one, I’m open to other English language Greek sources. And of course I’m not blind to Kathimerini’s beliefs.
Ron Paul is in many respects a dinosaur. No doubt there. But calling him on that is not, in my eyes, the main takeaway from what he says and does.
It’s that the only remaining anti-war voice in America is just that, a dinosaur. That is a much bigger problem than Ron Paul’s view on certain issues is.
You’re not telling us much of anything, Eurrafex (I’m having to guess you’re a paid employee of Eurrafex, which makes their money off if European Affairs Expertise). The relevant info I think would be how much the lowest spender spends vs the biggest spender. And then look at why that is so.
But yeah, I’m biased, and I make no secret of that. What’s happening in Greece and Ukraine and the refugee crisis merely confirms to me yet again that Europe in its present shape and form is a morally bankrupt entity. And I don’t thnk that you guys see it that way, it’s your meal ticket after all.
I promise I will stay away from these sorts of far too obvious us presidential non-stories. I’m afraid I’ll be about the only one, though.
Since the American consumer will never be back, and I see no reason to doubt that assessment, the US economy is doomed as well: 70% of GDP comes from that same consumer. Keep that in mind when you read the next batch of ”just around the corner” statements. If and when 70% of GDP depends on people borrowing more than they already have, you’re looking at something that’s beyond repair.
rapier, you’re spot on, they printed it all and then use it not only to buy dollars but also to go buy assets abroad, land, homes, Athens harbors, you name it.
I’ve called it Monopoly money many times. And that’s all it is. The west is crazy to accept it. Then again, our money too is Monopoly.
”Nice” piece on Buffett’s mobile home empire:
https://www.publicintegrity.org/2015/04/03/17024/warren-buffetts-mobile-home-empire-preys-poor
Composer
I’m not sure what you’re asking. But when it comes to differences in predictions, what I can say is that many people out there are led by what they wish to see, instead of by analysis (no criticism of Barry, I haven’t read him for a while). If someone has a ‘nice’ lifestyle because he’s – literally or metaphorically – ‘invested’ in ”the system”, that will color his views. Not many people like to predict their own downfall.
As for my own writing, I think I’m still very cautious.
Same article, Nassim, check the byline, it’s not by Stockman, just posted on his site. Couldn’t get access to the original. Stockman always changes headlines, he does that for my articles as well.
That’s so far beyond left field I don’t even understand it John.
What I do know is that the European Commission has suddenly uncovered €2 billion in ”unused” funds which will now go towards Greece’s poor. Or so is the narrative.
I know from my years in Montreal that there are many homeless people who refuse beds in shelters. It often has to do with their mental state, not with breaking any rules. In the MTL case, they refuse even when it’s 30ºC below. These people, too, need help and compassion. For a church to send them away is one thing. To install sprinklers to chase them away is quite another one yet.
The China numbers are just about what I’ve been saying all along. But even then. China’s latest move is to allow local governments to roll short term into long term debt, but that doesn’t cover shadow banks. And 55% is still a low number at that particular level. Local officials have been making their numbers look good thru shadow loans for a long time. Much of it in roads to nowhere and land/real estate speculation.
