Stacy Summary: Good morning . . . ?
Greece passes new deficit cuts to avoid ‘catastrophe’
Germany snubs Greek aid plea; protesters seize finance ministry in Athens
Stacy Summary: Good morning . . . ?
Greece passes new deficit cuts to avoid ‘catastrophe’
Germany snubs Greek aid plea; protesters seize finance ministry in Athens
Tags: athens · deficit · finance ministry · germany · greece
Stacy Summary: Lots of German bashing in the comments. And some Greek bashing. Hopefully we can discuss more economic issues surrounding how to get out of the massive trade imbalances that have marked the past few decades and also the fiscal issues of many of these governments having expanded their deficits when they transferred massive [...]
Tags: deficit · europe · exports · germany · greece · surplus
Stacy Summary: Of course, all the hedge funds and Goldman Sachs’ of the world knew they could count on the German government ultimately capitulating and paying off these debts to them; I am sure they had fun playing yet another game of chicken. (@Phil/Germany and others from Germany, I’d like to know how this story [...]
Stacy Summary: Good morning.
Greek PM warns of speculators are attacking Greece as weak link in euro
Funds flee Greece as Germany warns of ‘fatal’ Eurozone crisis
Stacy Summary: Phase two starting to pick up? Turmoil coming from Dubai, Germany & Greece. 1 month treasuries at 0.000%!
Tags: dollar · dubai · germany · greece · treasuries
Stacy Summary: Max on Russia Today only a few minutes ago.
Stacy Summary: The standoffs grow more tense. Which sides are going to win?
China & Japan growing increasingly worried about US dollar devaluation policy
China’s gold reserves may back yuan internationalization (h/t snoopdiddy)
Gold at $930 a bargain
Europe waits for Germany to come to the rescue
Headline: Germany bans cultivation of GM corn
My comments: Monsanto is as much of copyright abuser as Disney. Monsanto, as I’ve written many times before, uses abusive copyright and patent laws to monopolize seeds; introducing ‘terminator seeds’ that are eunuchs incapable of reproduction along with other equally destructive products. This means prices for food go [...]
Stacy Summary: Another day, another headline outlining the devastating consequences of monopoly and monoculture. First the ‘too big to fail’ banks wiped out the financial system, now the identikit towns across the UK (and US no doubt) are threatening the spread of ‘ghost towns.’
Retail monopolies warn of UK ‘ghost towns’ if they don’t [...]
Tags: 2005 bankruptcy laws · aig · gdp · germany · ghost town · gm corn · goldman sachs · halifax · hbos · hsbc · monoculture · negative equity · retail monopoly · singapore
Stacy Summary: Goldman Sachs begins exerting their Executive Privilege. Out go the dissenters and the interest rate raisers.
Goldman Sachs tries to shut down blogger’s site using IP laws
Paul Volcker marginalized in Obama administration
China’s money supply increases by 25.5 percent; new lending up six fold from last year
Financial war against Iceland (must read!)
Germany capitulates, plans ‘bad [...]
Tags: bad bank · china money supply · financial war · germany · goldman sachs · iceland · obama · paul volcker