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What Greece Needs: Default, Democracy and an Exit from the Euro

How the ECB and bondholders socialised their debt

The deal with the PSI was only procured by the 130 billion euros promised by the official sector – basically the so-called ‘troika’: the EU, the ECB and the IMF. Some 30 billion euros went directly into the pockets of the bondholders as a ‘sweetener’ to convert their old paper into new bonds, swapping them with new Greek futures and paper, while generating some further action from CDS (credit default swaps – insurance taken out by the bondholders for protection against default). The rest of the money, linked to mathematical estimates and prognoses of how much debt the Greek economy can sustain by 2020 without collapsing, went directly into re-capitalising banks.

The Afghan Massacre Was No Aberration

The nature of these occupations fosters atrocity. The invented enemy, the lack of a battlefield void of civilians, the supposed moral superiority of the occupiers, the obscure goals of the mission, the methods of training that prepare soldiers for occupation, and the methods of warfare all make the murder of civilians unavoidable. In modern warfare, 90% of the casualties are civilian, but this is a reality that the west likes to ignore.

European Commission Blames Social Networks For ACTA Failure; Worried About Its Imminent Directive On Copyright Enforcement

He noted that opposition had increased in the run-up to January’s planned vote in the US Congress on two legislative initiatives — the Stop Online Piracy Act (SOPA) and the Protect Intellectual Property Act (PIPA) — aimed at increasing the protection of intellectual property rights on the Internet; in the end the vote had not been held, following a hostile campaign by social networks and the loss of White House support.
It’s interesting to see De Gucht linking the growing hostility to ACTA with the storm generated by SOPA/PIPA, and giving the credit for stopping those US bills to a “hostile campaign” waged by social networks. You can tell this really worries him, because he says something similar about social networks and ACTA immediately afterwards:

Two ‘Israelis’ arrested at Heathrow after making ‘inappropriate comments about Iran’ during flight from Las Vegas

Two men accused of being disruptive on a plane were arrested at Heathrow Airport, police said today.

The pair, who are believed to be Israeli, were passengers on a British Airways flight from Las Vegas to London, flying into Terminal 5.

The men, aged 28 and 33, were alleged to be making repeated comments about Iran.

Home Secretary approves extradition of student Richard O’Dwyer over pirate TV website

Theresa May has approved the extradition of a British student to the United States for running a website that provided links to pirated films and television shows.

Richard O’Dwyer, 23, a computer science student at Sheffield Hallam University, faces up to 10 years in a federal prison for operating TVShack for three years until December 2010.

Mr O’Dwyer’s mother, Julia, said her son had been “sold down the river by the government” in comments designed to embarrass David Cameron as he arrives in Washington for talks with President Barack Obama.

She warned that Britain’s extradition treaty with the United States meant American authorities could come for the young, the old and the ill “and our government is paving the way”.

‘Presidential Secrets’–Former Operative Chip Tatum Speaks

 

LATEST UPDATE: Chip’s tortured body was reported to have washed up on a beach in Panama in early 2007.

UK Teenager arrested for comments made on Facebook page

A teenager has been arrested for allegedly making comments on Facebook about the deaths of six British soldiers in Afghanistan last week.
According to Sky News, Azhar Ahmed of Ravensthorpe (19) posted comments on his profile page, criticizing the level of attention British soldiers who died in a bomb blast received, compared to that received by Afghan civilians killed in the war.
He was arrested on Friday and charged over the weekend.
A West Yorkshire Police spokesman said: “He didn’t make his point very well and that is why he has landed himself in bother.”

CNN Spins Wall Street Fraud Settlement As Obama Forced Bailout

CNN spins the Wall Street mortgage fraud settlement as an Obama forced homeowner bailout, not even mentioning the deal was for fraud and illegal activities

Conned 2012: Joseph Kony Is/Was A CIA Contractor

According to former European MP, journalist, and author Richard Cottrell, the Lord Resistance Army is backed by the CIA and Mossad.

The author of the blog aangirfan writes: “In Uganda, Joseph Kony is the leader of the Lord’s Resistance Army, ‘which is a US and Mossad-backed guerilla force.'” He quotes Richard Cottrell, a former European MP, journalist, and author of the book, “Gladio: NATO’s Dagger At The Heart of Europe,” who wrote in an article in October 2011 called, “African ping pong: US plays both sides in Uganda”:

“The Lord’s Resistance Army (LRA) rampaging around Uganda is nothing more than a US and Mossad-backed guerilla force.

Its task is to destabilize wide areas of Africa rich in minerals like Uganda, ex-French and Belgian Congo, and Sudan.

Congress: Impeach Obama or be Arrested by Him

If Obama is not removed from office. He will be a weapon of mass destruction being a threat to everyone. Even his political enemies on capital hill

Rage grows over mortgage deal

As more details emerge about the massive $26 billion foreclosure settlement between the five biggest mortgage lenders and the states’ attorneys general, a growing number of borrowers are realizing that the deal will do little, if anything, to help them out.

Proponents of the settlement deal tout that roughly 1 million homeowners who owe more on their homes than their homes are worth are expected to have their mortgage balances lowered through principal reductions and another 750,000 would be able to refinance into loans with lower interest rates.

Charles Jaco CNN Fake Newscast – 1990 Iraq Persian Gulf War

This clip was leaked by CNN staff after a fake satellite newscast with Charles Jaco reporter famous for covering the 1990 Persian Gulf War.

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