The Deutsche Wirtschafts Nachrichten is reporting that the head of the EU and Merkel are now openly calling for the overthrow of the Greek government. It is their way or no way. To defend a failed euro, they will not tolerate any democratic process that disagrees with their vision of a federalized Europe. This is World War […]

The IMF on Thursday issued its own analysis on the Greek economy. The new debt forecast numbers have been raised in recent months and while the IMF analysis is never on point (way too optimistic), this tends to make the new number even more shocking. The entire idea of lending more and more money and […]

Greece now threatens to appeal the abuse of the Troika by taking court action to block a Grexit, or really a Greek expulsion or takeover of Greece by the Troika. European leaders have sold their own peoples’ rights to the highest bidder in Brussels and warn in concert that a “No” vote on Sunday means that […]

It has already begun. The total mismanagement of Euroland and the utter failure to understand what the German hyperinflation was all about has led to the misconception that austerity is good and inflation is bad. Imposing austerity creates deflation. The Troika is completely wrong. The fallout from Cyprus was nothing. Now the Troika is punishing […]

Greece was not the main headline today, to no surprise. Obviously, it’s still all over the media, but the markets had the Non-Farm Payroll (NFP) to contend with instead. Not such a shocker at 223k (rate 5.3%) but the revisions (down 60k, putting April 187 and May 254) were mildly interesting.  Also, a point to note […]

The idea of creating one unified European government to prevent European wars has grown out of a lesson learned from the disaster of World War II and German Nazi dictatorship. The Nazi movement wanted to rule Europe in part as retribution for the oppression of the German people following World War I, with the harsh […]

In a TV interview, Mr. Varoufakis said very clearly, “This is a very dark moment for Europe. They have closed our banks for the sole purpose of blackmailing what? Getting a ‘Yes’ vote on a non-sustainable solution that would be bad for Europe.” I must admit, most politicians do not come even close to the truth, […]

Despite the greatest political crisis in Europe, there has been “no love for gold” according to CNBC. Indeed, this crisis does in fact warn that all the theories about gold just might be wrong and are remnants of a 60+ generation who remembers Bretton Woods. Has time and circumstance changed so much that gold is becoming obsolete? […]

Here is the Letter from Greece to the Troika The letter, written by Alexis Tsipras, is addressed to Jean Claude Juncker, Mario Draghi, and Christine Lagarde. Greek-Letter-6-30-2015

The Syriza government is backing down after the realization that Brussels will declare economic war on Greece by deliberately trying to plunge the country into total ruin, far worse than the sanctions imposed on Russia. This is a sad day for the entire world. It is a terrible example that the Troika is the new […]