Three months ago, the Hellenic Parliament in Greece decided to establish the Truth Committee on the Public Debt to examine the origin of the accumulation of that negative value, of capital’s anti-matter called debt, that has, pretty much, sucked Greece into a black hole.
1. The Short
—Submit the “reform package” agreed to by Syriza government to the parliament for a vote
—No to the “reform package” agreed to by the Syriza ministers
–No confidence in the Syriza government
–Repudiate the debt, the MFFA, and the reforms in their entirety.
28 February 2015 — The Wolf Report: Nonconfidential analysis for the anti-investor
Richard Seymour, VIB, wrote on SIP Louis Proyect’s chat-list:
No formal count was taken at this meeting, but according to Stathis Kouvelakis, 30 MPs were out of the room when the vote was taken and 40 abstained or voted against. If this is right, then a third of those present voted against. He recounts that most speakers – some 80 MPs – criticised the deal, in an emotional and turbulent meeting that went on for 12 hours.
27 February 2015 — The Wolf Report: Nonconfidential analysis for the anti-investor
I know a cat named Doctor Yani…
He knows just what makes the eurozone tick
He does that hand jive just for kicks
On Tuesday, February 24, 2015, the Syriza government of Greece presented its “first comprehensive list of reform measures” to the president of the Eurogroup. The Eurogroup is what the committee made up of the finance ministers of countries using the euro as currency is called when it actually meets.
24 February 2015 — The Wolf Report: Nonconfidential analysis for the anti-investor
1. A day late and more than a dollar short, Yanis Varoufakis submitted a “program” of reforms to the Eurozone finance ministers (Eurogroup) regarding the Greek government’s development and implementation of tax policies, public finance management, revenue administration, public spending, social security reform, public administration and corruption, instalment schemes, labor market reforms, product market reforms, better business environment, judicial system reforms, banking and non-performing loans, privatisation and public asset management, statistics, and last and certainly least, the humanitarian crisis where Yanis sums it up perfectly, puts a cherry on it, wraps it with a bow, seals it with a kiss—
23 February 2015 — The Wolf Report: Nonconfidential analysis for the anti-investor
The Syriza government has postponed submitting its proposed list of “reforms” to the European Union. The “reforms” were due on Monday, 23 February, but the Syriza ministers won’t be ready until tomorrow. Indeed. That–“won’t be ready until……”– describes Syriza’s leadership perfectly.
27 May 2014 — WashingtonsBlog
The definition of death rattle is a sound often produced by someone who is near death when fluids such as saliva and bronchial secretions accumulate in the throat and upper chest. The person can’t swallow and emits a deepening wheezing sound as they gasp for breath. This can go on for two or three days before death relieves them of their misery. The American retail industry is emitting an unmistakable wheezing sound as a long slow painful death approaches. Continue reading this...
16 May 2014 2014 — Naked Capitalism
By Michael Hudson, a research professor of Economics at University of Missouri, Kansas City, and a research associate at the Levy Economics Institute of Bard College. His latest book is “The Bubble and Beyond.” This article is from a new book, Flashpoint in Ukraine, edited by Stephen Lendman. It is currently available from Clarity Press as an e-book, and soon to be printed.
15 May 2014 — Washington’sBlog
Is the top 10% up to the task of borrowing and blowing enough money to prop up a debt and bubble-dependent economy?
Since the entire economy depends on consumption for its “growth,” and discretionary consumption is financed with either cash or debt, that leads to two questions: 1) who has cash to spend on non-essentials and 2) who is credit-worthy enough to borrow money for non-essentials?
24 February 2014 — OurKingdom
To mark the publication of Ann Pettifor’s e-book, Just Money: How Society Can Break the Despotic Power of Finance, OurKingdom are running a series of articles that explore the nature of money and the politics of the financial system. Here Pettifor launches the series and introduces some of its key themes.
1 December 2013 — Silent Crow News
“Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt” – Henrik Ibsen
According to Oxford Dictionary the term Slave is defined as “a person who is the legal property of another and is forced to obey them” as in the case of the United States during the 18th and 19th centuries where slavery was a legalized institution. Oxford dictionary also defines slavery as “a person who works very hard without proper remuneration or appreciation” as in today’s world of a person working for a company or corporation where their efforts are usually under appreciated.
2 November 2013 — WSWS
This week’s decision by the US Federal Reserve to continue its $85 billion per month cash handout to the banks and finance houses, in the form of purchases of treasury bonds and mortgage-backed securities, and the likelihood that the policy will continue well into the new year, can only heighten concerns that the global financial system is heading for another crash, possibly on a scale bigger than 2008.