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The EU’s stance toward Greece’s debt crisis is, and always has been, political not financial

Instead of restructuring the debts they incurred, EU oligarchs put the costs of banker mistakes squarely on the shoulders of the Greek population. This was not an economic decision; it was always entirely political.

Alex Christoforou

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Post originally appeared on The Automatic Earth blog.

Greece paid off the IMF yesterday with its IMF reserves. Is that a big deal? Whatever you may want to read into this, it’s been obvious for years that Greece needs major debt restructuring if it wants to move forward and have a future as a country -let alone a member of the eurozone-. Instead, the EU/troika anno 2010 decided to bail out German and French and Wall Street banks (I know there’s an overlap)- instead of restructuring the debts they incurred with insane bets on Greece and its EU membership- and put the costs squarely on the shoulders of the Greek population.

This, as I said many times before, was not an economic decision; it was always entirely political. It’s also, by the way, therefore a decision the ECB should have fiercely protested, since it’s independent and a-political and it can’t afford to be dragged into such situations. But the ECB didn’t protest. And ever since the deed was done, Brussels presents it as if it were as unavoidable as Noah building the Ark. It’s not. It’s still just another decision to put banks before people.

And in this case the people have come out on the very short end of a very long stick. That’s what the Greek discussions have been about ever since Syriza was elected, with a substantial majority, to be the government in Athens. And no matter how many times how many people may claim Greece lived above its means for years, it’s obvious that the unemployed and the hungry children and the elderly without health care did not.

The troika says they bailed out the Greek people. The Greek people say only 8-9% of that bailout ever went to them, with the rest going to cover the losses of international systemic banks, and to the utterly corrupt previous Greek political and economic elites, which, coincidentally, the troika was only too happy to strike deals with, so much so that on the eve of the election Greeks were urged to vote the same elites into power once more, even if they were demonstrably to blame for the downfall of the Greek economy.

The troika wants the Syriza government to execute things that run counter to their election promises. No matter how many people point out the failures of austerity measures as they are currently being implemented in various countries, the troika insists on more austerity. Even as they know full well Syriza can’t give them that because of its mandate. Let alone its morals.

It’s a power game. It’s a political game. It always was. But still it has invariably been presented by both the international-press and the troika as an economic problem. Which has us wondering why this statement by ECB member and Austrian central bank head Ewald Nowotny yesterday, hasn’t invited more attention and scrutiny:

ECB’s Nowotny: Greece’s problem isn’t economic

The Greek problem is more a political question than an economic one, a member of the European Central Bank said Monday. Discussions with political parties such as Greece’s left-wing Syriza and Spain’s Podemos may be refreshing by bringing in new ideas, “but at the end of the day, they must [end in] results,” ECB member Ewald Nowotny said, adding discussions are “not about playing games.”

The central banker declined to speculate on how to solve Greece’s financial problem saying the issue “is much more a political question than an economic question.” Mr. Nowotny also doesn’t see the ECB’s role as creating a federalized financial government inside the euro zone. “We cannot substitute the political sphere,” he said.

That seems, from where we’re located, to change the discussion quite a bit. Starting with the role of the ECB itself. Because, for one thing, and this doesn’t seem to be clear yet, if the Greek problem is all politics, as the central bank member himself says, there is no role for a central bank in the discussions. If Greece is a political question, the ECB should take its hands off the whole Greek issue, because as a central bank, it’s independent and that means it’s a-political.

The ECB should provide money for Greece when it asks for it, since there is no other central bank to provide the lender of last resort function for the country. Until perhaps Brussels calls a stop to this, but that in itself is problematic because it would be a political decision forced on an independent central bank once again. It would be better if the ‘union’, i.e. the other members, would make available what Greece needs, but they -seem to- think they’re just not that much of a union.

In their view, they’re a union only when times are good. And/or when all major banks have been bailed out; the people can then fight over the leftover scraps.

The IMF has stated they don’t want to be part of a third Greek bailout. Hardly anyone seems to notice anymore, but that makes the IMF a party to political decisions too. Lagarde et al claim they can’t loan to countries that don’t take the ‘right’ measures, but who decides which measures are the right ones? What’s more, how does the IMF, in that vein, explain the recent loans to Ukraine? Is Kiev doing better than Athens from an economic point of view? Or is this just us sinking into a deepening political quagmire?

Moreover, if we take Mr. Nowotny on his word, why are there still finance ministers and economists involved in the Greek issue negotiations? Doesn’t that only simply lead to confusion and delay? Every single news outlet in the world has taken over German FinMin Schäuble’s comment that Greece should have a referendum if they want, and that maybe that would clarify matters.

But that is not something for Schäuble to comment on, no more than it would be for Greek FinMin Varoufakis to suggest a referendum in Germany. While everyone would consider the latter preposterous, the same everyone takes the former serious. That’s power politics for you, and a press that’s lost track of its position in the world. A press that’s turned into a propaganda mechanism for whoever’s in charge at any given moment in time.

If the Greek issue is now, or perhaps has always been, an overwhelmingly political one, as Nowotny suggests, why do we still have Varoufakis and Dijsselbloem (who only has a degree in agricultural economics, whatever that may be) and former German secret service head Schäuble, discussing matters? After all, why would you leave political issues up to your finance ministers to discuss? That’s not their field.

If it’s all political, shouldn’t it be the political leaders, Merkel and Juncker and Tsipras, talking instead? Something tells us that might not be such a bad idea in any case. Certainly by now. If the ECB itself already says it’s not about money…

References:

http://www.theautomaticearth.com/2015/05/greece-is-now-just-a-political-issue/

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Can America Ever Come Together Again?

The people who cheer Trump believe the country they inherited from their fathers was a great, good and glorious country, and that the media who detest Trump also despise them.

Patrick J. Buchanan

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Authored by Patrick Buchanan via Buchanan.org:


If ex-CIA Director John Brennan did to Andrew Jackson what he did to Donald Trump, he would have lost a lot more than his security clearance.

He would have been challenged to a duel and shot.

“Trump’s … performance in Helsinki,” Brennan had said, “exceeds the threshold of ‘high crimes & misdemeanors.’ It was … treasonous.”

Why should the president not strip from a CIA director who calls him a traitor the honor and privilege of a security clearance? Or is a top-secret clearance an entitlement like Social Security?

CIA directors retain clearances because they are seen as national assets, individuals whose unique experience, knowledge and judgment may be called upon to assist a president in a national crisis.

Not so long ago, this was a bipartisan tradition.

Who trashed this tradition?

Was it not the former heads of the security agencies — CIA, FBI, director of national intelligence — who have been leveling the kind of savage attacks on the chief of state one might expect from antifa?

Are ex-security officials entitled to retain the high privileges of the offices they held, if they descend into cable-TV hatred and hostility?

Former CIA chief Mike Hayden, in attacking Trump for separating families of detained illegal immigrants at the border, tweeted a photo of the train tracks leading into Auschwitz.

“Other governments have separated mothers and children” was Hayden’s caption.

Is that fair criticism from an ex-CIA director?

Thursday, The New York Times decried Trump’s accusation that the media are “the enemy of the people.”

“Insisting that truths you don’t like are ‘fake news’ is dangerous to the lifeblood of democracy. And calling journalists ‘the enemy of the people’ is dangerous, period,” said the Times.

Fair enough, but is it not dangerous for a free press to be using First Amendment rights to endlessly bash a president as a racist, fascist, sexist, neo-Nazi, liar, tyrant and traitor?

The message of journalists who use such terms may be to convey their detestation of Trump. But what is the message received in the sick minds of people like that leftist who tried to massacre Republican congressmen practicing for their annual softball game with Democrats?

And does Trump not have a point when he says the Boston Globe-organized national attack on him, joined in by the Times and 300 other newspapers, was journalistic “collusion” against him?

If Trump believes that CNN, MSNBC, The New York Times and The Washington Post are mortal enemies who want to see him ousted or impeached, is he wrong?

We are an irreconcilable us-against-them nation today, and given the rancor across the ideological, social and cultural chasm that divides us, it is hard to see how, even post-Trump, we can ever come together again.

Speaking at a New York LGBT gala in 2016, Hillary Clinton said: “You could put half of Trump’s supporters into what I call the basket of deplorables … racist, sexist, homophobic, xenophobic, Islamophobic … Some of those folks … are irredeemable, but … they are not America.”

When Clinton’s reflections on Middle America made it into print, she amended her remarks. Just as Gov. Andrew Cuomo rushed to amend his comments yesterday when he blurted at a bill-signing ceremony:

“We’re not going to make America great again. It was never that great.” America was “never that great”?

Cuomo’s press secretary hastened to explain, “When the president speaks about making America great again … he ignores the pain so many endured and that we suffered from slavery, discrimination, segregation, sexism and marginalized women’s contributions.”

Clinton and Cuomo committed gaffes of the kind Michael Kinsley described as the blurting out of truths the speaker believes but desperately does not want a wider audience to know.

In San Francisco in 2008, Barack Obama committed such a gaffe.

Asked why blue-collar workers in industrial towns decimated by job losses were not responding to his message, Obama trashed these folks as the unhappy losers of our emerging brave new world:

“They get bitter, they cling to guns or religion or antipathy to people who aren’t like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations.”

These clingers to their Bibles, bigotries and guns are the people the mainstream media, 10 years later, deride and dismiss as “Trump’s base.”

What Clinton, Cuomo and Obama spilled out reveals what is really behind the cultural and ideological wars of America today.

Most media elites accept the historic indictment — that before the Progressives came, this country was mired in racism, sexism, homophobia and xenophobia, and that its history had been a long catalog of crimes against indigenous peoples, Africans brought here in bondage, Mexicans whose lands we stole, migrants, and women and gays who were denied equality.

The people who cheer Trump believe the country they inherited from their fathers was a great, good and glorious country, and that the media who detest Trump also despise them.

For such as these, Trump cannot scourge the media often enough.

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Are the mainstream U.S. ‘news’ media evil?

Mainstream media refuses to give airtime to intelligence professionals who can prove the current Russia-DNC narrative is a complete fabrication.

Eric Zuesse

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Eric Zuesse, published originally by The Saker:


William Binney, the U.S. National Security Agency’s former technical director for global analysis, has, for the past year, been globe-trotting to investigate the actual evidence regarding the official Russiagate investigations, and he finds that the Special Counsel, Robert Mueller, who is prosecuting Russia’s Government, can only accuse Russian officials, not convict any of them on at least the important charges, because conclusive evidence exists and has already been made public online, making clear that the important accusations against those officials are false. However, Binney can’t get any of the U.S. major ‘news’ media’s interest in this fact, nor even into openly discussing it with them. Apparently, they don’t want to know. Binney is knocking on their doors, and they refuse to answer.

Patrick Lawrence, at the non-mainstream U.S. newsmedium Consortium News, headlined on Monday August 13th, “‘Too Big to Fail’: Russia-gate One Year After VIPS Showed a Leak, Not a Hack” and he reported what Binney has found and has been trying to get the major U.S. ‘news’media to present to the American public.

The “VIPS” there is Veteran Intelligence Professionals for Sanity, and they are 17 whistleblowing former high officials of the CIA, NSA, State Department, and other U.S. officials with top secret national-security clearances, who jointly signed and published on 24 July 2017, their report, which likewise was at Consortium News, “Intel Vets Challenge ‘Russia Hack’ Evidence”, in which they confirmed the validity of a 9 July 2017 report that had been published by Elizabeth Vos of Disobedient Media . com, which was titled “New Research Shows Guccifer 2.0 Files Were Copied Locally, Not Hacked” and which I then reported in more ordinary language seven days later under the headline “Russiagate Exposed: It’s a Fraud”. I quoted there the analysis’s basic finding “that the DNC computer network which the media tells us and the DNC tells us was hacked by the Russians, … was physically accessed by someone within close proximity of the DNC” and not outside the United States (Russia or anywhere else). The original research-report had been done by an anonymous person who called himself “the forensicator,” and he had sent it to Adam Carter, another highly technically knowledgeable person, who happened to be at Disobedient Media, and who then worked with Vos to prepae her article on it.

Binney, as the nation’s now-retired top NSA expert in the analysis of such matters, then followed up, during the past year, in order to probe more deeply, by contacting various individuals who had been involved behind the scenes; and Patrick Lawrence’s article was a report of what Binney had found. It’s this:

The forensic scientists working with VIPS continued their research and experiments after VIPS50 was published. So have key members of the VIPS group, notably William Binney, the National Security Agency’s former technical director for global analysis and designer of programs the agency still uses to monitor internet traffic. Such work continues as we speak, indeed. This was always the intent: “Evidence to date” was the premise of VIPS50. Over the past year there have been confirmations of the original thesis and some surprises that alter secondary aspects of it. Let us look at the most significant of these findings.

At the time I reported on the findings of VIPS and associated forensic scientists, that the most fundamental evidence that the events of summer 2016 constituted a leak, not a hack, was the transfer rate—the speed at which data was copied. The speed proven then was an average of 22.7 megabytes per second. …

The fastest internet transfer speed achieved, during the New Jersey–to–Britain test, was 12.0 megabytes of data per second. Since this time it has emerged from G-2.0’s metadata that the detected average speed—the 22.7 megabytes per second—included peak speeds that ran as high as 49.1 megabytes per second, impossible over the internet. “You’d need a dedicated, leased, 400–megabit line all the way to Russia to achieve that result,” Binney said in a recent interview. … That remains the bedrock evidence of the case VIPS and others advance without qualification. “No one—including the FBI, the CIA, and the NSA—has come out against this finding,” Binney said Monday. …

The identity of Guccifer 2.0, who claimed to be a Romanian hacker but which the latest Mueller indictment claims is a construct of the GRU, Russian military intelligence, has never been proven. The question is what G–2.0 did with or to the data in question. It turns out that both more, and less, is known about G–2.0 than was thought to have been previously demonstrated. This work has been completed only recently. It was done by Binney in collaboration with Duncan Campbell, a British journalist who has followed the Russia-gate question closely.

Peak Speed Established

Binney visited Campbell in Brighton, England, early this past spring. They examined all the metadata associated with the files G–2.0 has made public. They looked at the number of files, the size of each, and the time stamps at the end of each. It was at this time that Binney and Campbell established the peak transfer rate at 49.1 megabytes per second. … “Now you need to prove everything you might think about him,” Binney told me. “We have no way of knowing anything about him or what he has done, apart from manipulating the files. …

The conclusions initially drawn on time and location in VIPS50 are now subject to these recent discoveries. “In retrospect, giving ‘equal importance’ status to data pertaining to the locale was mistaken,” Ray McGovern, a prominent VIPS member, wrote in a recent note. “The key finding on transfer speed always dwarfed it in importance.” … 

How credible are those indictments in view of what is now known about G–2.0?

Binney told me: “Once we proved G–2.0 is a fabrication and a manipulator, the timing and location questions couldn’t be answered but really didn’t matter. I don’t right now see a way of absolutely proving either time or location. But this doesn’t change anything. We know what we know: The intrusion into the Democratic National Committee mail was a local download—wherever ‘local’ is.” That doesn’t change. As to Rosenstein, he’ll have a lot to prove.”

However, yet another technically knowledgeable analyst of the available evidence, George Eliason, claims that to assert that there were only “leaks” and not also “hacks” would clearly be wrong, because there were both. On August 14th, he bannered at Washington’s Blog, “Beyond The DNC Leak: Hacks and Treason” and he wrote:

There were multiple DNC hacks. There is also clear proof supporting the download to a USB stick and subsequent information exchange (leak) to Wikileaks. All are separate events.

Here’s what’s different in the information I’ve compiled.

The group I previously identified as Fancy Bear was given access to request password privileges at the DNC. And it looks like the DNC provided them with it.

I’ll show why the Podesta email hack looks like a revenge hack.

The reason Republican opposition research files were stolen can be put into context now because we know who the hackers are and what motivates them.

At the same time this story developed, it overshadowed the Hillary Clinton email scandal. It is a matter of public record that Team Clinton provided the DNC hackers with passwords to State Department servers on at least 2 occasions, one wittingly and one not. I have already clearly shown the Fancy Bear hackers are Ukrainian Intelligence Operators.

This gives some credence to the Seth Rich leak (DNC leak story) as an act of patriotism. If the leak came through Seth Rich, it may have been because he saw foreign Intel operatives given this access from the presumed winners of the 2016 US presidential election. No political operative is going to argue with the presumed president-elect over foreign policy. The leaker may have been trying to do something about it. I’m curious what information Wikileaks might have.

Eliason’s analysis doesn’t support Robert Mueller’s indictments any more than the others do. All are essentially incompatible with the accusations (including ones which now have become also indictments) from Mueller. Moreover, as Patrick Lawrence noted, “Indictments are not evidence and do not need to contain evidence. That is supposed to come out at trial, which is very unlikely to ever happen. Nevertheless, the corporate media has treated the indictments as convictions.” Maybe that’s the biggest crime of all.
—————
Investigative historian Eric Zuesse is the author, most recently, of  They’re Not Even Close: The Democratic vs. Republican Economic Records, 1910-2010, and of  CHRIST’S VENTRILOQUISTS: The Event that Created Christianity.

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The social media ‘DEPLATFORM’ end game: Self-censorship (Video)

The Duran – News in Review – Episode 82.

Alex Christoforou

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Alex Jones’ account was put in “read only” mode and will be blocked from posting on Twitter for seven days because of an offending tweet. Twitter declined to comment on the content that violated its policies.

A Twitter spokesperson told CNN the content which prompted the suspension was a video published Tuesday in which Jones linked to within his tweet saying, “now is time to act on the enemy before they do a false flag”.

Twitter CEO Jack Dorsey last week defended Twitter’s decision to not suspend Infowars and Alex Jones from the platform, claiming they had not violated Twitter policies.

Dorsey refused to take down Alex Jones and his popular Infowars account, even as his Silicon Valley buddies over at Apple, Facebook, YouTube and Spotify were colluding to remove any sign of Jones or Infowars from their platforms…

“We’re going to hold Jones to the same standard we hold to every account, not taking one-off actions to make us feel good in the short term, and adding fuel to new conspiracy theories,” Dorsey said in a tweet last week. He later added that it was critical that journalists “document, validate and refute” accounts like those of Mr. Jones, which “can often sensationalize issues and spread unsubstantiated rumors.”

According to Zerohedge, still after a CNN report identifying numerous past tweets from Infowars and Jones that did violate Twitter’s rules, those posts were deleted. Tweets by Infowars and Jones deleted last week included posts attacking transgender and Muslim people; a claim that the 2012 shooting massacre at Sandy Hook Elementary School was a hoax perpetrated by “crisis actors”; and a video calling David Hogg, a survivor of the Parkland, Fla., high-school shooting, a Nazi.

Dorsey finally caved overnight, with a “temporary suspension”, which will likely become permanent upon Jones’ next violation.

Twitter’s crackdown came more than a week after technology companies, including Apple, YouTube and Facebook removed content from Jones and his site, Infowars. As the WSJ notes, the actions against Infowars intensified a growing debate over what role tech companies play in policing controversial content on their platforms while they simultaneously support the principle of free speech.

RT CrossTalk host Peter Lavelle and The Duran’s Alex Christoforou examine the aggressive purge of conservative right, libertarian, and progressive accounts from Silicon Valley social media platforms, and how Alex Jones’ was the first step towards driving so much fear into the population, that self censorship takes over and authoritarian rule over the Internet takes hold.

Remember to Please Subscribe to The Duran’s YouTube Channel.

Via Zerohedge

In the latest media pit stop, Twitter CEO Jack Dorsey sat down with NBC News Lester Holt, where he defended the company’s decision to put Infowars’ Alex Jones under a seven-day timeout over an offensive tweet linking to a video in which Jones encourages his audience to “act on the enemy before they do a false flag,” and to get “battle rifles” ready.

Dorsey said that despite calls to ban Jones last week amid a seemingly coordinated multi-platform blacklisting, he resisted until now.

“We can’t build a service that is subjective just to the whims of what we personally believe,” Dorsey told Holt, while saying he believes a suspension can be an effect deterrent which can change user behaviors.

“I feel any suspension, whether it be a permanent or a temporary one, makes someone think about their actions and their behaviors,” Dorsey added – though he admitted he has no idea if Jones’ timeout will result in any changes in behavior.

Dorsey stated: “Whether it works within this case to change some of those behaviors and change some of those actions, I don’t know. But this is consistent with how we enforce.”

Jones was banned or restricted from using the services of at least 10 tech companies this month, including Facebook and YouTube. Twitter had been the most high-profile holdout, until it announced on Tuesday that Jones was suspended from posting for seven days.

Dorsey later clarified on Twitter that he was “speaking broadly about our range of enforcement actions” with regards to the company’s use of timeouts.

in a follow-up question on weighing the importance of Twitter’s rules versus its moral obligation, Dorsey said the company has “to put the safety of individuals first in every single thing that we do, and we need to enforce our rules and also evolve our rules around that.” –NBC News

Jack Dorsey said on Twitter.

“I don’t assume everyone will change their actions. Enforcement gets tougher with further reported violations.”

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