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In Greece, Democracy is Dead. The EU will Soon Follow Suit

I was among those cheering loudly as the Greeks stood up to the classroom bullies of the IMF, ECB and EC at their referendum, delighted that they chose, against the terrorist tactics of the Troika, to vote “Okhi” (No) to more austerity. Finally, a triumph of democracy over crony fiat capitalism. Or so we thought….

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Why do we Fear a Banking Collapse?

Banks go bankrupt, that’s why there is a word for such things. But most of the banking and financial world won’t hear of it. If you cannot repay your debts, you can keep restructuring your debt, but this is only prolonging the inevitable. Default will come eventually, and you will be required to give away…

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