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 equivalent of a Roman Triumvirate – the death of democracy. Europeans will remember this day for it is when national sovereignty died. Continue reading
And guess who’s pulling the strings? None other than Germany’s Fourth Reich that runs the Troika.
Greece’s Finance Minister Yanis Varoufakis has come out to reveal the quite shocking and anti-democratic events that took place during the last Eurogroup meeting. First, they do hate Yanis’ guts, for he understands far more about the economy than anyone in Brussels. At their demand, any further discussions will be without him. What led to the EU breaking off was exactly what we reported previously — they do not want any member state to EVER allow the people to vote on the euro. Brussels has become a DICTATORSHIP and is so arrogant without any just cause, believing that they know better than the people. Continue reading
“Whom the gods would destroy, they first make mad,” was spoken by Prometheus in Henry Wadsworth Longfellow’s poem “The Masque of Pandora”. This seems to be very appropriate to explain our government officials for they are truly insane when it comes to economics. This is all about them sustaining a failed system that is unsupportable. They refuse to look at what they are doing and instead they are clamping down on everyone destroying the very fabric of the world economy. Continue reading
I have been warning for some time that government was eyeing up pensions.The amount in private pension funds is about $19.4 trillion. The question that has been debated in secret behind the curtain is how to justify to the people taking that over. I have been warning that if this is seized by government, it will come after 2015.75. Just how that is to be accomplished was finally settled by the Supreme Court without any justification constitutionally.
The US Supreme Court ruled last week in the unanimous, 8-page decision in Tibble v. Edison holding that employers have a duty to protect workers in their 401(k) plans from mutual funds that are too expensive or perform poorly. That is simply astonishing since there is no constitutional requirement for even government to provide social benefits. The Supreme court held in HARRIS v. McRAE, 448 U.S. 297 (1980) it was explained that the constitution is negative not positive. There is no duty imposed upon the state to provide a program for that would convert the constitution from a negative restrain upon government to a positive obligation to provide for everyone. Continue reading
Made in Germany, and by design it will fail. The incoming Fourth Reich will see to it.
Europe will lead the world into this Economic Totalitarianism because government is now desperate to retain the Euro. If the Euro collapses, so will Brussels. The government exists solely because of the Euro.
The fatal design of the Euro is the key. The failure to have consolidated the debts of all individual member states has been the worst possible mistake perhaps ever made in this post-Great Depression era of New Economics where government lawyers assume they can just write a law and that will be followed as some new modern dictator. Continue reading
Denmark is not part of the euro; they have their own currency, the krone. So far, they appear likely to become the first country to abolish cash. The Danish government is currently pushing to free some stores, restaurants, and petrol stations from accepting cash payments as Britain was testing last year in Manchester. The Danish government is currently are proposing to scrap cash transactions entirely as part of a package of cost-saving measures introduced ahead of the Danish election in September. Continue reading
Europe is moving full speed ahead to eliminate all cash. Instead of reforming and tackling the economic problems, government always seeks to maintain the same course of thinking and that now leads us to the totalitarian approach coming from Brussels. To maintain the euro, they must maintain the banks.
But the bank reserves are debts of all member states. As government becomes insolvent as in Greece, the banking system is undermined. The only way to prevent the banking collapse is to prevent people from withdrawing cash. Continue reading
I have been warning that the governments of the West are in severe trouble. We face the worst economic crisis perhaps in modern history with the distinct risk of moving into a state of Economic Totalitarianism. The governments are well aware of the Economic Confidence Model (ECM). Many people have asked the question why have they not killed me since it appears that most others central to events covered in the movie, the FORECASTER, are dead. I believe the answer is rather simple, for even when I was released and appeared on Capitol Hill, I was introduced as this is the guy with the model they are trying to suppress.
Government is not a single entity. The forces I stood up against were restricted to the corruption in New York City. The New Yorker Magazine was able to get in to interview me only by going to Washington. And when I was thrown in the hole, it was a letter from Congress asking who ordered that treatment resulted in my instant release. And as for my release from contempt, that only took place when the Supreme Court ordered the government to respond to my petition for then the Solicitor General is the only one who can argue before the Supreme Court, not the corrupt prosecutors from New York City. So it is never just a single entity we call government. There are always internal forces that fight over the crumbs of power like pigeons on the ground under the tables at a sidewalk cafe.
I have advised many governments in my life so there are those on the economic side of power who are well aware of what I stand for, not merely the prosecutors who salivate over the opportunity to take down someone famous to further their personal careers. I was perhaps the first and only analyst or Forecaster to be invited by the Bank of China to fly to Beijing during the Asian Currency Crisis back in 1997. I may even be the only analyst who has ever had such experience on a truly global scale. I have been just about everywhere and at times it has appeared that if there was a crisis, somehow I seemed to be dragged in by some government somewhere. There is scarcely a major nation who is not aware of the ECM. Continue reading