Jun 22 07:03

Pentagon chief lauds US bid to store heavy weapons in Eastern Europe

US Secretary of Defense Ashton Carter has lauded Washington’s decision to station heavy weaponry in Eastern Europe, and vowed the United States will defend its allies against Russia.

"The concept is to have sets of equipment principally to support training so that they are already located there, including heavy equipment," Carter said in an address in Berlin, Germany, on Monday. "There is the possibility also of more equipment being positioned for contingencies."

Jun 22 06:48

Greece: Judgment day is here

Jun 22 06:16

Greece Nears the Endgame

Jun 21 22:36

Hypocrisy reigns supreme in the West

The European Union has hypocritically extended sanctions on Russia and the Russian autonomous Republic of Crimea in support of the politically- and economically-failed state of Ukraine. At the same time, the EU has threatened the sovereignty of Greece for failing to adhere to confiscatory and usurious financial policies set by the banking gnomes of Frankfurt and London, the same bankers that are propping up a corrupt government in Kiev. Nothing spells hypocrisy more than what is taking place in Europe at the direction of the "Eurocrats" of Brussels, their military centurions in NATO, and their overall puppet masters in Washington.

Jun 21 22:30

'The People Will Not Be Blackmailed': Thousands March in Athens Against Austerity

Throngs flocked to Athens on Sunday to call on the ruling Syriza party to stand up to international creditors and reject further austerity measures.

Jun 21 17:10

Creditors offer Greece six-month bailout reprieve as Tsipras weighs response

Greece’s international creditors are aiming to strike a deal to stop Athens defaulting on its debt and possibly tumbling out of the euro by extending its bailout by six months and supplying up to €18bn (£12.9bn) in rescue funds.

The negotiators representing Greece’s lenders are also proposing to pledge debt relief for the austerity-battered country – but officials stressed that a breakthrough hinged on a positive response from the Greek prime minister, Alexis Tsipras.

Jun 21 13:00

Trapping Russia to Prove a Negative

The prove-a-negative trap is the Big Lie technique of Nazi propagandist Josef Goebbels: there is no substance to the allegations and there is no obligation to present evidence to verify, thanks to the dutiful and unquestioning nature of Western corporate “journalism”.

The United States and its Western allies are trying to ensnare Russia in an audacious disinformation trap over the Ukraine conflict. That trap involves imposing an insoluble conundrum on Vladimir Putin’s government, which we might call “prove a negative”. It is a familiar conceptual device that Washington has used elsewhere, against Iraq and Iran for example, in order to pursue what are otherwise illegitimate geopolitical aims.Russia is being held up as the guilty party that is undermining the shaky Minsk ceasefire; and Western economic sanctions are being extended “until Russia implements the ceasefire”.

Jun 21 10:23

Managing Greek default risks

Jun 21 09:56

The Myth of Global ‘Free’ Trade

The key to TTIP is the so-called Investor-State Dispute Settlement mechanism that essentially gives corporations free reign to sue governments using a “failure to implement” provision, if state policies or legislation interfere with profits. But is this all about trade?

There was a direct, crucial “secret” agenda linking the G7 meeting in Germany and the Bilderberg meeting in Austria last week; the advancement of the virtually secret negotiations towards the Transatlantic Trade and Investment Partnership (TTIP), the massive free trade agreement between the US and the EU.

Even though the corporate powers behind TTIP are itching for a deal to be reached before the end of 2015, serious (negotiation) trouble remains.

Jun 21 09:50

Trump for President? — Paul Craig Roberts

This is not my endorsement of Trump for President. It is merely my speculations on how we might think of how large egos might be brought into our service.

Celente put it well. If you look at the sorry collection that aspires to be the CEO of what continues to be described as the “exceptional, indispensable, most important country with the largest economy and military, the world’s only Superpower, the Uni-power,” you see a collection of nobodies. America is like the last days of Rome when contenting factions fought to put their puppet on the throne.

In actual fact, Trump might be our best candidate to date. By all accounts, he is very rich. Thus, he doesn’t need the office in order to become rich by selling out America to interest groups.

Jun 21 09:47

Alison Weir Replies to JVP Leaders’ McCarthy-like Attacks

It is time to stop fighting among ourselves, for JVP and others to stop their witch hunts against deeply committed writers and activists, for JVP to stop its attempted censorship and domination of the Palestine movement, and for all of us to get on with our desperately important work.

With the publication of my book last year, “Against our Better Judgment: The hidden history of how the US was used to create Israel,” the attacks seemed to escalate.

It appeared that some JVP leaders were attempting to thwart my talks and prevent people from learning the facts that my book and my talks contain.

Jun 21 09:32


Although estimates vary, Kathimerini, citing Greek banking officials, puts Friday’s deposit outflow at €1.7 billion. If true, that would mark a serious step up from the estimated €1.2 billion that left the banking system on Thursday and serves to underscore just how critical the ECB’s emergency decision to lift the ELA cap by €1.8 billion truly was. “Banks expressed relief following Frankfurt’s reaction, acknowledging that Friday could have ended very differently without a new cash injection,” the Greek daily said, adding that the ECB’s expectation of “a positive outcome in Monday’s meeting”, suggests ELA could be frozen if the stalemate remains after leaders convene the ad hoc summit.

Webmaster's Commentary: 

IF the fertilizer hits the ventilation shaft financially in Europe this week, it cannot manage to not affect American banking systems as well.

The Dow may respond precipitously, as the credit default swap markets may really become unhinged in the extreme.

Jun 21 04:59

Putin: €2bn Russia-Greece gas deal will help Athens pay its debt

A deal to jointly build an extension of the Turkish Stream gas pipeline across Greece will help Athens to settle its multibillion euro debt to international creditors, President Vladimir Putin said at the St. Petersburg International Economic Forum.

Jun 20 18:34

Hungary, Greece, Cyprus to Restart Food Trade With Russia Despite Sanctions

Russian health authorities are conducting audits of suppliers in all three countries, as well as India, Alexey Alexeyenko, the director of Rosselkhoznadzor (the Russian Federal Service for Veterinary and Phytosanitary Surveillance) is quoted as saying. "About 20 companies will be verified in Greece and Hungary. In India — less, around four to five. Cyprus has requested a delay for technical reasons and therefore, the audits will begin on April 27, where seven to eight companies will be checked."

Jun 20 15:29

Tyler Durden's picture Meanwhile, Greece Is Quietly Printing Billions Of Euros

During the same period over which Greek banks lost nearly €30 billion in deposits, banknotes in circulation jumped by some €13 billion. In short, because Greeks are increasingly prone to stuffing their euros in mattresses, a large proportion of the deposit flight has come in the form of hard currency withdrawals, meaning the Bank of Greece is forced to (literally) print billions in physical banknotes.

Jun 20 15:28

"The Collateral Has Run Out" - JPM Warns ECB Will Use Greek "Nuclear Option" If No Monday Deal

"If no agreement is reached on Monday, then the ECB will have little reason to show further flexibility and it will likely freeze its ELA limit on Greek banks. As a result capital controls will become almost inevitable after Monday."

Jun 20 15:08

Putin: €2bn Russia-Greece gas deal will help Athens pay its debt

A deal to jointly build an extension of the Turkish Stream gas pipeline across Greece will help Athens to settle its multibillion euro debt to international creditors, President Vladimir Putin said at the St. Petersburg International Economic Forum.

Talking to the representatives of international media at the Forum, Putin said he didn’t see any support for Greece from the EU, RIA Novosti reports.

“If the EU wants Greece to pay its debt than it should be interested in the Greek economy growing,” Putin said. “The EU should be applauding us. What’s bad about creating new jobs in Greece?” he said, commenting on Russia’s preliminary gas deal with Greece.

Jun 20 12:48

In the USA – “I Cannot Write!”

The West is finished, its culture dead. What is left is unattractive, even horrifying. There is no heart, no compassion, and no creativity.

It was the first time in many years that I had missed my column, my essays, for several weeks.

I was shocked by the state in which I found the United States.

I couldn’t breath. I lost the ability to write. I felt anger building inside me. The anger was suffocating, strangling me. It was unhealthy anger, mixed with frustration! It was not that sacred anger one feels when going to a battle against great evil. It was also somehow petty, indescribable, and pathetic. It was breaking me, humiliating me.

I hated the fights I had to fight here.

I tried to see the reality that was surrounding me with different eyes but wherever I looked I saw only a dysfunctional, sad, collapsing country and culture.

This visit broke me. It exhausted me. It thoroughly depressed me.

Jun 20 12:27

Tsipras spoke with Putin hour and a half and came out happy and smiling

Webmaster's Commentary: 

"How DARE Putin free our debt-slaves! Doesn't he know how long and hard we worked to make them debt-slaves in the first place? THIS MEANS WAR!!!!" -- Official White Horse Souse

Jun 20 12:25

European Central Bank extends credit on fears of Greek bank collapse

The European Central Bank (ECB) intervened again Friday to prop up Greece’s banks, as savers, fearing their imminent collapse, withdrew record amounts of deposits.

Following the collapse of talks between Greece and its creditors—the European Union (EU), the ECB and the International Monetary Fund (IMF)—over the terms of a further spending cuts programme, billions of euros in deposits were withdrawn from Greek banks. This week alone €4.2 billion were withdrawn, including €1.2 billion on Friday.

Jun 20 07:37

British banks slash exposure to Greece amid fears the country is heading for bankruptcy and eurozone expulsion

Figures from the Bank of England showed the UK lenders, pension funds and other financial firms had £2billion tied up in the crisis torn nation at the end of March. That was the smallest amount since records began in 2004 and down from £9.6billion a year earlier and a peak of £12.4billion in March 2008.

Jun 20 04:03

EU losses from anti-Russia sanctions estimated at €100 bln — Die Welt

The sanctions imposed by the European Union against Russia over its stance on the Ukraine crisis and Moscow’s countermeasures will cost Europe €100 billion and endanger over 2 million jobs, influential German daily Die Welt reported on Friday.

Jun 20 03:54

Irish farming community 'in fear over farm check tactics’

The chairperson of the Public Accounts Committee, John McGuinness demanded detailed responses from the department over allegations that inspectors had “pushed around” a pregnant woman, damaged a car, and approached an intellectually challenged son of a person they were investigating.

Mr McGuinness said some people were so in “fear” of the inspectors they were afraid to tell the PAC about what they had gone through.

Jun 20 03:43

IMF 'Trained' Greek journalists in DC to promote its position in media

Greece's former representative to the International Monetary Fund (IMF) said that Greek journalists were "trained" to promote the policies the IMF and the European Commission had toward the country's debt.

Jun 19 16:34

Jens Stoltenberg: NATO’s Mr Zig-Zag

So, who is rattling sabres here?

Obviously, the NATO alliance is on a dangerous, threatening roll toward Russia’s borders. American-led war games, thousands of troops and tanks, missiles, warplanes and warships have proliferated at dizzying speed over the past year, from the Baltic to the Black Sea. Currently, NATO is conducting its biggest-ever war manoeuvres in the Baltic region, and yet when Russia takes reasonable defensive measures, Stoltenberg accuses Moscow of sabre-rattling. Just this week, prior to the Russian ICBM announcement, the Pentagon told the Paris Air Show that it was considering the stationing of its new generation of stealth F-22 and F-35 fighter jets in Europe – another contravention in a whole series of audacious contraventions of the 1997 Russia-NATO Founding Act which forbids such NATO military expansion.

Jun 19 15:19

Greek Bank Run Accelerating; Is It “Game Over” Soon?

When the money dries up, it’s “Game Over.” And that’s what Greece is facing now that bank runs are accelerating rapidly!

Consumer and business depositors have reportedly yanked 1.85 billion euros from the Greek banking system in just the last two days. That’s more than 115 million euros PER HOUR, assuming two eight-business-hour days.

More than 2% of all the private money held in Greek banks has now vanished in just the last week. The only thing standing between banks and insolvency is the European Central Bank, which is providing them with emergency liquidity assistance (ELA) since they can’t raise money in the private capital markets.

Jun 19 15:11

Alison Weir Replies to JVP Leaders’ McCarthy-like Attacks

I hope JVP will desist from its attacks on those it dislikes, and will instead focus on the often excellent work it is doing and that its members want.

I feel strongly that we all contribute important things to the movement for justice and peace in Palestine.It is time to stop fighting among ourselves, for JVP and others to stop their witch hunts against deeply committed writers and activists, for JVP to stop its attempted censorship and domination of the Palestine movement, and for all of us to get on with our desperately important work.

That’s what I intend to do.

—Alison Weir

Jun 19 13:44

IMF Humiliates Greece, Repeats It Will Keep Funding Ukraine Even If It Defaults

One week ago, we were stunned to learn just how low the political organization that is the mostly US-taxpayer funded IMF has stooped when, a day after its negotiators demonstratively stormed out of the Greek negotiations with "creditors", Hermes' ambassador-at-large Christone Lagarde said that the IMF "could lend to Ukraine even if Ukraine determines it cannot service its debt."

Webmaster's Commentary: 

Talk about adding insult to injury with Greece.

but the IMF wants to put Ukraine squarely in the European sphere of influence, and wants the breakaway republics "neutralized" (more on that in an earlier post), because that's where the heart of manufacturing exists in Ukraine.

Jun 19 13:13

Banksters’ Trojan Horse for Greece & EU

The conflict over Greek debt is portrayed as one between fiscally responsible & fiscally irresponsible nations.

Jun 19 11:24

Russia Could Come to Greece’s Rescue. That’s Bad News for the United States and NATO.

Webmaster's Commentary: 

A Russian rescue of the Greek economy, offering far better terms than the ECB would offer, would be an ironic twist to the coming "Grexit", and definitely swing Greece deeply into the Russian sphere of influence.

Unfortunately, however, the ECB has done this to itself, and of course there can be no backsliding to the horrific austerity into which it has put Greece, because then all the other nations indebted to the ECB will ask for better terms as well.

Jun 19 11:08


The Hague is not Vladimir Putin’s favorite place today. Following the “war crime” comments earlier, the arbitration court’s decision to rule in favor of Yukos shareholders (and thus against the allegedly “politically motivated” confiscation of the firm’s assets by the Russian government) with a $50 billion settlement (half what was sought) has prompted a quick and angry response from the Russian government. Blasting the “one-sided use of evidence,” and re-iterating the massive tax evasion that the leadership were involved in, Russia slams “the puzzling unprecedented amount of damages” awarded, claiming the process is “becoming increasingly politicized.”

Webmaster's Commentary: 

Looks like Belgium and France are playing "Economic Picadors" with these moves; Putin has every right to be enraged at how Russia has been played in this.

The question is, how is Russia going to respond, and what will Putin do?!?

Jun 19 09:21

Greek bank holiday?

Jun 19 09:13

US mulls tanks, heavy weapons in E. Europe & Baltics

The Pentagon is reportedly poised to store battle tanks, infantry fighting vehicles and other heavy equipment for up to 5000 US troops in Eastern European...

Jun 19 08:48

Greece, EU and Banks Staring Into Abyss

Jun 19 08:08

EU extends trade and investment ban on Crimea

EU governments extended for a year a ban on trade and investment with Crimea on Friday, meaning European help for Russian Black Sea oil and gas exploration and visits by European cruise ships will remain outlawed.

The measures were adopted following Russia's annexation of Ukraine's Crimea region in March last year and reinforce the EU's policy of not recognizing the annexation.

Webmaster's Commentary: 

One more time, and this time I will go ... real ... slow ... for the dim-witted people hired to write for the corporate media; Russia did not annex Crimea. Following the US-backed overthrow of the government of Ukraine in January 2014, Crimea VOTED to secede, as they did not want to live under a US puppet ruler (given the long and tragic history of other nations struggling under such US Juntas). Crimea had the legal right to do so under the United Nations Universal Declaration of Human Rights, which grants all people the right to self-determination. Crimea then held a second election, and voted to merge with Russia. Crimea made that request and Russia accepted.

Now, we all know the presstitutes and whorespondents of the corporate media are paid liars. Following the collapse of the Sunday Times story that Russia and China had decoded Edward Snowden's files, placing intelligence assets at risk (the files were destroyed before Snowden went to Russia) one of the authors of the Sunday Times piece ducked the blame for the deception by claiming in a CNN interview that he just wrote what the government told him to write, so it wasn;t like he himself did a bad thing!

So, to all the presstitutes and whorespondents of the corporate media (and I know some of you read this web page); I know you are hired and paid to be mindless government stooges, but let's not abuse the policy!

Jun 19 07:55

Moscow will respond in kind to seizure of its assets abroad - FM Lavrov

Moscow will take reciprocal action in response to the seizure of its foreign assets, Foreign Minister Sergey Lavrov has warned.

“Our response would be in kind. This is inevitable. This is the only way of acting in international affairs,” he told RBK-TV in an intervew.

Jun 19 07:36

Russia ‘ready to consider bailing out Greece’

‘Russia says it is ready to consider offering loans to debt-stricken Greece, which is struggling to secure financial aid from its Western creditors.

Jun 19 07:27

'The beginning of the end of the eurozone': Greek PM predicts his nation's 'Grexit' will cause the COLLAPSE of Europe's currency

A Greek exit from the eurozone would trigger the collapse of the single currency, Prime Minister Alexis Tsipras warned today.

His comments come after an emergency meeting of leaders was called for Monday – in a last-ditch effort to stop Greece crashing out of the euro.

'The famous Grexit cannot be an option either for the Greeks or the European Union,' he said in an Austrian newspaper interview.

'This would be an irreversible step, it would be the beginning of the end of the eurozone.'

Jun 19 07:27

EU shouldn’t view itself as ‘hub of universe’ – Greek PM

Europe shouldn’t view itself as a “hub of the universe” and it has to understand that the center of world economic development is shifting to other regions, said Greek Prime Minister Alexis Tsipras, speaking at St. Petersburg International Economic Forum.

“The world differs from what it was before. We in Europe had an illusion for a long time of literally being a hub of the universe, as a center of the world and continued to see and rely only on our direct surroundings," he said.

In the meantime, Tsipras added the economic center of the planet “has already shifted” as new powers are playing a more and more “important role on an economic and geopolitical level.”

Jun 19 07:19

Greece crisis: Tsipras meets Putin, says Greece's problem is Europe's problem

The Greek prime minister Alexis Tsipras has used a visit to Russia to make an impassioned speech against austerity, saying that austerity measures will not resolve the crisis.

The speech followed an address by the Russian President Vladimir Putin at the St. Petersburg International Economic Forum. Tsipras urged the European Union to follow its own path.

"The problem we are facing is deeply rooted in the process I have described. The EU should pursue its own path. The EU should go back to its initial principals of solidarity and social justice. Ensuring strict economic measures will lead us nowhere. The so-called problem of Greece is the problem of the whole European Union," he said, according to the Guardian.

Jun 19 07:17

ECB raises emergency liquidity for Greek banks - source

The European Central Bank has raised the level of emergency funding for Greek banks by an unspecified amount following a request from the Bank of Greece, a Greek bank source said.

"There was no problem with the financing of Greek banks," the source said, adding that bank governors were expecting a "positive result" at an emergency euro zone leaders summit on Greece on Monday.

According to state agency ANA, the funding cap was increased by €3.3 billion.

Jun 19 07:01

Anti-Russian sanctions hurt Europe harder than expected, threaten 2.5mn jobs – study

The sanctions imposed by the EU against Russia and Moscow's retaliation would cost Europeans 100 billion euros in economic development and jeopardize up to 2.5 million jobs, a new study said.

Webmaster's Commentary: 

"Well, then, let's do more of the same thing! We'll prove to those Russians we can smack our own thumbs with a hammer as long as it takes until they see things OUR way!" -- Official White Horse Souse

Jun 19 06:56

Holodomor: The Ukrainian Holocaust of 1933

The killing of 10 million Christians by the Jewish Bolsheviks under Joseph Stalin 1932-1933 in Ukraine. These events are also known as Holodomor.

Jun 18 22:02

Hungary closes border with Serbia and starts building fence to bar migrants

Hungary has ordered the closure of the EU country’s border with Serbia and the construction of a fence along the frontier to keep out migrants, the foreign minister said.

Jun 18 21:51

Audit Committee: Greece’s Debt ‘Illegal, Illegitimate and Odious’

The debt imposed on Greece and its residents by creditors directly infringes the human rights of Greeks and is “illegal, illegitimate and odious,” according to the preliminary report issued on Wednesday by the Audit Committee on Public Debt.

Jun 18 21:48

Secret Death Squads Backed by Thatcher Government Killed Hundreds in N. Ireland

In 1974, a coordinated attack was launched in the Irish cities of Dublin and Monaghan. On May 17, three car bombs were detonated during rush hour in the nation’s capital. Only 90 minutes later, a fourth explosion went off in Monaghan, just south of the border with Northern Ireland. Thirty-three people were killed. An estimated 300 were injured.

The loyalist paramilitary group Ulster Volunteer Force claimed responsibility for the attack, and in a recent Irish documentary, “Collusion,” a member of the group claims that the bombings were conducted under direction from the British Army. The goal: to implement a civil war.

Jun 18 21:06

Deposit withdrawals surge at Greek banks as debt noose tightens

The 2 billion euros taken out between Monday and Wednesday represent about 1.5 percent of total household and corporate deposits of 133.6 billion euros held by Greek banks as of end-April. Prior to this week, withdrawals had been running at 200-300 million euros a day.

Jun 18 21:04

Greek banks could be shut within days as citizens rush to withdraw money: Two billion euros taken out in three days as fears grow country will leave eurozone

Greek banks could be unable to open next week as the country’s citizens rush to withdraw cash, European Central Bank officials said last night.

Worried Greeks took out around 2billion euros (£1.4billion) from accounts between Monday and Wednesday, amid fears that the country will soon have to leave the eurozone.

Yesterday’s warning is likely to accelerate the process – leading to a run on the banks this morning.

Jun 18 15:46

Greek Situation Looking Increasingly Bleak

Jun 18 14:30

US Prepared to 'Increase Costs' on Russia With Further Sanctions

Director of the US Treasury’s Office of Foreign Assets Control John Smith says that the United States is prepared to heighten economic pressure on Russia if conditions in Ukraine continue to deteriorate.

Webmaster's Commentary: 

The Russian sanctions have caused more harm to Europe, South America, Canada, and the US, than to Russia, so by all MEANS let us do more of the same thing!!!!!

Jun 18 14:20

Tsipras to meet Putin over bailout loan as fears of Greek exit from EU mount

Alexis Tsipras will travel to Russia again on Friday to meet Vladimir Putin as questions swirl over whether Moscow could extend credit lines to bail out the Greek prime minister’s embattled economy.

Jun 18 12:42

Starvation Is The Price Greeks Will Pay For Remaining In The EU

Syriza, the new Greek government that intended to rescue Greece from austerity, has come a cropper. The government relied on the good will of its EU “partners,” only to find that its “partners” had no good will. The Greek government did not understand that the only concern was the bottom line, or profits, of those who held the Greek debt.

Jun 18 12:09

The Economic Depression In Greece Deepens As Tsipras Prepares To Deliver ‘The Great No’

As Greece plunges even deeper into economic chaos, Greek Prime Minister Alexis Tsipras says that his government is prepared to respond to the demands of the EU and the IMF with “the great no” and that his party will accept responsibility for whatever consequences follow. Despite years of intervention from the rest of Europe, Greece is a bigger economic mess today than ever.

Jun 18 09:12

Greek Parliament Calls It: Now Act On It

Several legal arguments permit a State to unilaterally repudiate its illegal, odious, and illegitimate debt. In the Greek case, such a unilateral act may be based on the following arguments: the bad faith of the creditors that pushed Greece to violate national law and international obligations related to human rights; preeminence of human rights over agreements such as those signed by previous governments with creditors or the Troika; coercion; unfair terms flagrantly violating Greek sovereignty and violating the Constitution; and finally, the right recognized in international law for a State to take countermeasures against illegal acts by its creditors , which purposefully damage its fiscal sovereignty, oblige it to assume odious, illegal and illegitimate debt, violate economic self-determination and fundamental human rights.

Jun 18 08:53

Greece's Odious Debt

Jun 18 07:31

The Economic Depression In Greece Deepens As Tsipras Prepares To Deliver ‘The Great No’

As Greece plunges even deeper into economic chaos, Greek Prime Minister Alexis Tsipras says that his government is prepared to respond to the demands of the EU and the IMF with “the great no” and that his party will accept responsibility for whatever consequences follow. Despite years of intervention from the rest of Europe, Greece is a bigger economic mess today than ever.

Jun 17 13:01

EU threatens to push Greece into bankruptcy after collapse of debt talks

Prospects of a deal between the European Union (EU) and Greece to avert a Greek government default on its debt continued to fade yesterday, as European officials threatened to tip Greece into bankruptcy and Greek Prime Minister Alexis Tsipras publicly attacked the EU.

Jun 17 12:15

GREEK DEBT: How the EU Tory Denial Humbug wrote a Telegraph column about it, and failed to miss only twenty key facts

Webmaster addition: The headline is badly written and does not say what the author intended to say, but the article is worth reading.

Jun 17 12:05

Shanghai Containerized Freight Index Totally Collapses, Top Carriers Wage Price War to Form Global Shipping Oligopoly

This is what two unnamed container shipping executives, one from an Asian carrier, the other from a European carrier, told the Wall Street Journal about the containerized-freight fiasco on the China-Europe route:

“We are now shipping at an absolute loss. With the bunker-adjustment-factor surcharge at $300 for Asia-Europe, we are losing more than $50 per box.”

“Unless by a miracle demand grows, we are up for heavy losses in the next quarter and maybe the rest of 2015.”

The rate for shipping a container on that route, after plunging for months, is now below even the cost of fuel.

Webmaster's Commentary: 

Europeans (and Americans) don't have the money to buy imported goods from China any more.

Jun 17 11:51

Moscow Warns US Not to Store Military Hardware Near Russian Border

Washington was planning to store some 1,200 pieces of heavy military equipment in Bulgaria, Latvia, Lithuania, Poland, Romania, Estonia and, possibly, in Hungary, according to media reports.

Jun 17 10:18

IMF bears criminal responsibility for Greece economic crisis: Tsipras

Greek Premier Alexis Tsipras has strongly criticized the International Monetary Fund (IMF)’s policies toward his country, saying the international institution bears “criminal responsibility” for Greece’s debt crisis.

Webmaster's Commentary: 

Let us not let Goldman Sachs or Papandreou off of the hook! They created half of the mess all by themselves!

Jun 17 10:16

How The IMF Really Works

That’s how the IMF works. It loans billions to countries who it knows can’t pay back.

It’s a Jewish scam to ‘foreclose’ on a country’s assets.

Jun 17 09:14

Starvation Is the Price Greeks Will Pay for Remaining in the EU

Syriza, the new Greek government that intended to rescue Greece from austerity, has come a cropper. The government relied on the good will of its EU "partners," only to find that its "partners" had no good will. The Greek government did not understand that the only concern was the bottom line, or profits, of those who held the Greek debt.

The Greek people are as out to lunch as their government. The majority of Greeks want to remain in the EU even though it means that their pensions, their wages, their social services and their employment opportunities will be reduced. Apparently for Greeks, being a part of Europe is worth being driven into the ground.

Jun 17 08:59

Greek Debt Committee Just Declared All Debt To The Troika "Illegal, Illegitimate, And Odious"

"Greece not only does not have the ability to pay this debt, but also should not pay this debt first and foremost because the debt emerging from the Troika’s arrangements is a direct infringement on the fundamental human rights of the residents of Greece. Hence, we came to the conclusion that Greece should not pay this debt because it is illegal, illegitimate, and odious."

Jun 17 08:53

Belarus concerned over NATO’s growing presence near its borders — defense minister

"Along with strengthening the aviation component of NATO member-countries in the Baltics States and Poland that perform the functions of hoarding the airspace, the Alliance is gradually concentrating additional military contingents equipped with heavy weaponry near the Belarusian borders," Ravkov said.
The defense minister noted that "the end of 2014 was marked by increasing military activity of neighboring countries, intensifying activities of operational and combat training." "Regardless of geopolitical prerequisites for such decisions made by our foreign partners, Belarus cannot ignore changes in the military-political situation in the region, that bear additional risks, challenges and threats to the country’s military security," Ravkov added.

Jun 17 08:42

NATO accuses Moscow of dangerous 'sabre-rattling'

NATO's chief Jens Stoltenberg has said Russia's President Vladmir Putin was engaging in destabilizing and provocative activities. Moscow has announced it would add dozens more missiles to its nuclear Arsenal.

Webmaster's Commentary: 

NATO and the US pour offensive weapons into Europe, and Russia is the provocateur?!?

Jun 17 08:15

Kristiina Ojuland - EU to Force Mass Immigration on Estonia

Kristiina Ojuland studied law and politology at University of Tartu. She is the founder and leader of the People’s Unity Party 2014. Ms. Ojuland was once the Foreign Minister of Estonia, a member of Riigikogu (Estonian Parliament), and served on the European Parliament in the Alliance of Liberals and Democrats for Europe (ALDE) group. Kristiina is with us to talk about the increasingly troublesome issue of mass immigration in Estonia and Europe in general.

Jun 17 07:50

China Rising — Pepe Escobar

Americans have to eventually share their preeminent position with China.”

As intellectual acumen and cross-cultural expertise go, it would be hopeless to expect self-described “Don’t Do Stupid Stuff” Obama administration foreign policy advisers — as well as Pentagon functionaries/hacks — to understand the complexities of China.

For instance, they would be incapable of evaluating all the myriad ramifications included in Professor Alfred McCoy’s masterful deconstruction of US-China geopolitics.

“The US cannot stop China’s rise. It just has to live with a bigger China, which will be completely novel for the US, as no country has ever been big enough to challenge its position. China will be able to do so in 20 to 30 years.” (Lee said that at the Future China Global Forum in Singapore, in 2011. Under Xi, China is already challenging the U.S.’s position.)

Jun 17 07:45

Russia Said to Extend EU Food Ban to Retaliate for Sanctions

Russia plans to mirror the European Union’s decision to extend sanctions by prolonging its food-import ban for six months, according to two people with knowledge of the matter.

The issue was discussed by government officials in Moscow on Tuesday, one of the people said. Both of them asked not to be identified because the information isn’t yet public.

The conclusion was that Russia has already adjusted to the embargo and can maintain it as long as needed, according to the person.

Jun 17 07:42

Savers face 10pc hit to shares if Greece exits euro

British savers can expect at least 10 per cent to be wiped off the value of pensions and Isas if Greece exits the euro, economists have warned as the crisis in southern Europe escalates.

With Greece on the brink of bankruptcy, it has emerged that no talks to find a resolution have taken place since negotiations broke down on Sunday.