"A republic, if you can keep it." Vegas, taxes.
"A republic, if you can keep it." Vegas, taxes.
Democracy is tolerated until it threatens the global markets that empower the financial/political Elite. Then it becomes a mortal danger to be subverted or overthrown. The message is clear: saving the Eurozone’s banks and Elite bondholders is more important than…
From Spiegel, who will have a full report on Monday. German Finance Minister Wolfgang Schäuble, who is reportedly doubtful that the country can be saved from bankruptcy, is preparing for the possibility of Greek insolvency The big question is whether…
After harrumphing for months about how no default or haircut would be acceptable, Eurozone countries agreed to just that. Private bondholders are expected to lose billions as their current worthless bonds are swapped for new, also worthless bonds with a…
Mish Here is a succinct summation of the current state of Euro-Zone affairs. 1. Greece will default, but at this point it is irrelevant. 2. The situation in Spain, Ireland, Portugal, and Italy is now so dire that it is…
Sturdyblog I have never been more desperate to explain and more hopeful for your understanding of any single fact than this: The protests in Greece concern all of you directly. What is going on in Athens at the moment is…