http://www.zerohedge.com/news/2015-07-04/why-euro-finished
Look, it’s simple, the euro is finished. It won’t survive the unmitigated scandal that Greece has become. Greece is not the victim of its own profligacy, it’s the victim of a structure that makes it possible to unload the losses of the big countries’ failing financial systems onto the shoulders of the smaller. There’s no way Greece could win.
The GOP electoral fraud machine going strong since 2000. I do NOT support the Democrats but this needs to be known widely and I call upon Republicans to clean their act.
On the one hand they claim the need for ID and other measures to solve the non-existant problem of electoral fraud; and on the other hand they maliciously disenfranchise minorities in massive corruption that makes US elections a joke.
Greg Palast has been investigating this since 2000 (http://www.gregpalast.com/):
It’s not so much about oil as such but about flows of investment funds…
After the Arab Spring movements overturned the rulers of Tunisia and Egypt, Libya experienced a full-scale revolt beginning on 17 February 2011. The civil war resulted in the ousting and death of the country’s despotic dictator Muammar Gaddafi, and the collapse of his 42-year long tyranny. The liberation of Libya was celebrated on 23 October 2011.
At least 30,000 Libyans died in the civil war. No doubt all those who sacrificed their lives for the liberation of their homeland dreamed of a better future for their children and countrymen. They hoped a day would come when Libya would prosper and thrive. But that day will not come soon. It is estimated that it would take at least 10 years merely to rebuild Libya’s infrastructure. Even before the 2011 war, Libya’s infrastructure was in a poor state due to “utter neglect” by Gaddafi’s administration. Yet Libya has a new obstacle to overcome; its assets have been stolen and the country has no wealth to build its future on.
This is the story of how Libya, a once wealthy African nation with its vast reserves of oil is now down on its knees and its wealth being stolen by Western Powers now. This has only added insult to the injury of decades of Gaddafi’s dictatorship.
Latest article by our upcoming (and regular) guest this Wednesday Nicholas Davies:
Why the Showdown with Islamic Extremists Is the War the Pentagon Was Hoping For | Alternet.
Here’s another reason for the deep desdain I have for charity along with the fashionable BS bourgeois rhetoric of self-congratulation “Social Entrepreneurship” “Socially Responsible Enterprises” etc. >:/
“Instead of contributing their own money, the Walton family relies on charitable lead annuity trusts (CLATs) to fund the foundation. The report suggests that the primary role of the foundation is not to give charitably, but rather to increase the family’s personal wealth through tax avoidance schemes. Using CLATs, a previous report released by Americans for Tax Fairness indicated the family successfully avoids an estimated $3 billion per year in estate taxes.”
Read the whole story: http://www.jwj.org/americas-wealthiest-family-uses-phony-philanthropy-to-increase-personal-wealth
Punkonomics (@DearBalak) 