500 Million Debt-Serfs: The European Union Is a Neo-Feudal Kleptocracy
• OfTwoMinds.com/blogThe banks of Europe are the new Feudal Manors and Masters. All Europeans now serve them as debt-serfs in one way or another.
Contents Pages by Subject
European Union
Trillions In Commercial And Industrial Loans To Europe's Insolvent Countries
• ZeroHedge.comOnce again, just like in the case of Spain's LaMancha region lying outright about its deficit, "out of left field" discoveries such as this will keep reappearing until the full kit and caboodle of tens of trillions in impaired exposure finally...
European Debt and Deficits: When Graphics Speak Louder Than Words
• ZeroHedge.comIf the descriptions of "Too Big To Fail" and "Brick" applies to Italy, think of the U.S. as "Too Big To Bail out" (since "Too Big To Fail" did get bailed out) and "an asteroid the size of Texas" (as in the 1998 movie Armageddon), which would...
The Anatomy of a Serial European Banking Collapse
• ZeroHedge.comThe haircut estimtes we used last year actually pale as compared to what Mother Market is enforcing this year.
Goldman Man Confirmed as Next Head of the European Central Bank
• EconomicPolicyJournal.comMario Draght, the former vice-chairman of Goldman Sachs International, and currently heads Italy's central bank, has been confirmed to head the European Central Bank, when Jean-Claude Trichet term expires on October 31.
James Howard Kunstler: A Distant Sound of Churning
• Kunstler.comOur own money management team here in the USA is in a box even worse than Europe's. It's not even a hall of mirrors. It's a broke-down Winnebago with moldy upholstery and the propane line is leaking inside. Everybody's wondering if Ben Bernanke...
The "QE 2 As A European Bank Bailout Vehicle" Story Picks Up Traction
• ZeroHedge.comA breakdown of the cash ‘hoarding’ by bank origin further reinforces the point, for here we find that much of the extraordinary rise in precautionary cash holding has been undertaken by foreign, not domestic, banks.
The Fed's $600 Billion Stealth Bailout Of Foreign Banks Continues
• ZeroHedge.comCourtesy of the recently declassified Fed discount window documents, we now know that the biggest beneficiaries of the Fed's generosity during the peak of the credit crisis were foreign banks, among which Belgium's Dexia was the most troubled...
Are Taxpayers Ready To Bailout European Banks That Bought US Mortgages?
• ZeroHedge.comAIG is about to do for EU banks what the ECB so far has been unwilling and/or unable: namely to transfer the risk associated with European banks' massive ongoing exposure to the continuously collapsing US housing market back to the US taxpayers...
How Greek Protesters See The EU In One Simple Photograph
• BusinessInsider.com/Via Der Spiegel, this AP picture of Greek protesters basically says it all.
This is Just a Warm Up For What’s Coming Our Way
• ZeroHedge.comAgain, the same upheaval happening in Europe will come to these shores. It’s only a matter of time. Which is why the wise thing to do is prepare in advance of this. This means getting some food, water, and bullion on hand.
EC, ECB and IMF Prepare For The Fiscal Rape of The Greek People
• Market-ticker.orgWhat the EU/ECB demanded (and apparently got) is for the government to sell public assets (the things that all Greeks own collectively) and use that money to pay the banksters.
Fiscal Sodomy of The American Public and Bankster Holdings of PIIGS Debt
• EconomicPolicyJournal.comBottom line: There's a global bankster game going on where the role for the average American is to simply pay for it.
Jean-Claude Trichet's Goal: Deep Integration and Total Control of EU Members
• BusinessInsider.com/He said that if a bailed-out country isn't delivering on its fiscal-adjustment program, then a "second stage" could be required, which could possibly involve "giving euro-area authorities a much deeper and authoritative say in the formation of...
Greece, Please Do The Right Thing: Default Now
• OfTwoMinds.com/blogIf you think this through, there is only one ethical thing for the maiden to do: toss the spiked sugary drink in the face of the predator and deliver a swift, hard kick between his legs "where it counts."
Giving the EU the Boot
• http://dailybell.ch/They can try to 'delay and pray' but the euro is running out of time ... As a doomsayer from the start, who has written several times on the subject, I have recently been reluctant to burden my readers with more jeremiads about the euro.
Will Greeks Defy Rape and Pillage By Barbarians Bankers?
• NakedCapitalism.com/Greece looks to be on its way to be under the boot of bankers just as formerly free small Southern farmers were turned into “debtcroppers” after the US Civil War. Deflationary policies had left many with mortgage payments that were increasingly...
Greek debt default time-bomb bringing trouble to paradise!
• The Economic SpyTrouble in paradise! The Greek debt crisis is nearing the next hurdle as it appears that there will be unprecedented outside involvement in the management of the country in exchange for an infusion of more international funds. This management i
Lagarde at the Head of the IMF Means Another Trillion in Loans to the PIIGS
• EconomicPolicyJournal.comAs I have pointed out, the lead candidate to replace Dominique Strauss-Kahn as head of the IMF, Christine Lagarde, is a total insider, hardline bankster. She will protect every pound of flesh owed to the banksters.
European Parliament Approves Use Of Gold As Collateral
• ZeroHedge.comThis vote reinforces market demand for a greater choice of assets that can be used as collateral to meet margin liabilities.
Here Is What Happens After Greece Defaults
• ZeroHedge.comThe truth is Greece will fold like a lawn chair: whether it's tomorrow or in 1 years, when the bailout money runs out, is irrelevant. The question then is what will happen after the threshold of never-never land is finally breached...
Greece default part ???
• The Economic Spy“Beware of Greece bearing bonds!” or “Is a Greece default imminent?” What will a default by Greece on its debt mean not only to that country but to the rest of the world? We may find out sooner than later as; Fitch downgraded the debt of Greec
Melons now a Monsanto “invention”
• Farm WarsMelons have a natural resistance to certain plant viruses. It is especially evident in melons grown in India. Using conventional breeding methods, this resistance was introduced to other melons and has now been patented as a Monsanto “invention."
Merkel Taps Ex-Goldmanite To Head European Central Bank
• EconomicPolicyJournal.comGerman chancellor Angela Merkel has publicly endorsed Mario Draghi, former vice chairman and managing director of Goldman Sachs International and current governor of the Italian central bank, to become the next president of the ECB.
Irish Government Raids Private Pensions To Pay For Spending
• BusinessInsider.com/Unwilling to budge on the country's low corporate tax rate, the new Irish government has chosen to target pensioners for funds to grow the economy. Whether it turns out to be an example to other countries seeking alternative ways to raise ...
Greeks Stay In: You Can't Quit the Gang... Man
• ZeroHedge.comOkay, so no exit for Greece. Panic over for the time being. The conclusion is that once one joins Club Euro you can’t quit. Ever. Ever? That seems like a long time.
EU To Greece: We Want To Own You After You File For Bankruptcy
• ZeroHedge.com"In other words, for the first time since Weimar, a country may soon be forced to collateralize superpriority debt issuance to foreign creditors: an exercise not really seen in international politics since the Weimar war reparations...
Euro Whacked by Reports that Greece May Leave the Eurozone?
• NakedCapitalism.com/Yves here. So what will they do if Greece refuses to observe niceties and bolts anyhow? Send in tanks? I’m curious as to what punishments might be visited on Greece if it chooses to exit.
Greece Threatens To Leave Eurozone, Reintroduce Own Currency
• ZeroHedge.comThe debt crisis in Greece is getting worse. The finance ministers of the monetary union and representatives of the EU Commission will meet on Friday evening secret to a crisis meeting.
Belarus on the brink?
• Voice of AmericaAll bets are off whether the Lukashenko regime will last 10 years, 10 months, or 10 days.
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