Showing posts with label Greece. Show all posts
Showing posts with label Greece. Show all posts

Tuesday, March 19, 2013

IMF Marxists Tax and Seize Personal Funds in Cyprus – Crickets Ensue

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By: Terresa Monroe-Hamilton – The NoisyRoom

Very few things give me nightmares… Yesterday’s event in Cyprus was one of them and the media is conspicuously silent. What do you get when you combine worldwide Marxist elitists, bankers and the media? A worldwide depression and a new dark age. The IMF is using Greece as a proving ground for the rest of us. It is a fascist Petri dish. They just implemented an across the board tax on all bank accounts over a holiday with no warning and no recourse. 9.9% if you have over 100,000 Euros in the bank, 6.75% is you have less than that. This is money being seized by the IMF, the European Union and the government of Greece to attempt to cover some of their debt. It is theft and it could have been a lot worse. The IMF had proposed a 40% haircut on all accounts. This is how it went down:

Banks first cooperated with the EU by sealing off the amount of the proposed levy—a 6.75 percent tax on deposits under €100,000 and 9.9 percent on those above —making it impossible for depositors to access their full amount. The only means bank customers have left is the ability to draw from the rest of their funds via ATM machines this weekend. Many depositors made their way to the machines on Saturday to drain their accounts. But the few banks that opened on Saturdays did so only briefly, and no international transfers will be able to go through until Tuesday, with Monday being the holiday. Cyprus’ Parliament is expected to meet Sunday to pass the required legislation., or after the deed was done. The deal also needs the approval of several Eurozone parliaments; at the time of writing it was unclear how fast they can act and what will happen to bank deposits in the meantime.

What’s happening in Cyprus should send a chill over the entire world.

Politicians working with complicit big banks need no rule of law; no parliament debates to close in on the bank accounts of average people.

The Daily Mail:

Cash machines EMPTIED across Cyprus and 60,000 British savers face losing MILLIONS after £8.7bn EU bailout imposes tax of up to 10% on all bank accounts

  • Lines formed at ATMs as people scrambled to pull their money out
  • Word spread that rescue package included a one-off levy on deposits
  • Restrictions stopping people emptying accounts or moving money abroad
  • Up to 3,000 British service personnel are based on the bankrupt island
  • President Nicos Anastasiades agreed to raid with European finance chiefs
  • Said country in ‘state of emergency’ and not acting would be ‘catastrophic’
  • But expats accused the island of ‘plain theft’ as violent protests sparked
  • Britons have about £1.7b of deposits on island and could lose up to £170m
  • Parliamentary official: Vote scheduled for today pushed back to tomorrow
  • G. Osborne: This is what happens if you don’t show you can pay your way

Never let an emergency go to waste, eh? Cyprus’ President claims he had no choice. I don’t believe him. He made a deal with the devil, saved himself and gave up his own people. Very reminiscent of Nazi Germany. It’s fascist deja vu all over again. By the way, they did this before it was approved of by the legislature. Think it can’t happen in America? One day you could wake up and be staring down the same seizures and soon. And Martial law and jackbooted thugs will not be far behind, trust me.

Over a number of years, the Marxist elitists in Europe and the United States (make no mistake, Obama and the head of the IMF are BFFs) have put in place draconian financial policies, regulations and bailouts that have cost Trillions – in fact, more money than actually exists on the planet by no small measure. This is not money out of thin air, these are taxes. Taxes taken while promising growth and recovery that has never materialized, never will materialize and was never meant to materialize. This is a step in a global reset of all markets and a planetary redistribution of wealth that would have made Marx blush and stammer. Remember, the US is a huge contributor to the IMF. You don’t actually think that Obama didn’t know about this and had input, right?

What happened yesterday in Cyprus was a test for the rest of us. What’s more, what was implemented will not solve the problem. What it will do is perhaps start worldwide bank runs and create chaos and riots, a la Cloward and Piven. The global Socialists are making their move and beginning to bring an iron fist down on individuals, their freedoms and their money. This has the potential to make the crash of 2008 look like Spring break. The Marxists are not limiting themselves to bank accounts; they are now going after retirement accounts, gold and whatever else they can grab as the whole scam starts to implode. The run on the Cypriotic banks and ATMs yesterday was just a taste of what is heading our way. The Deutsche Bank global head of FX strategy, Bilal Hafeez, was correct – only Jesus can save the EU now. However, I think He is more likely to speed their demise with all the money changing in His temple occurring and all.

From SHTFplan.com:

Restrictions have been imposed to stop people emptying their accounts or moving their money out the country after the Cypriot government announced that up to ten per cent of deposits will be seized and used to bailout the island’s crisis-hit banking system.

The deal with other Eurozone finance ministers is the first time that ordinary citizens’ deposits have been directly raided in this way.

…

One furious expat said: ‘This is plain theft. I’d love to hear someone explain to me why it isn’t.’

…

Under the deal, all bank deposits over €100,000 will be hit with a levy of 9.9 per cent. Those with smaller savings will pay 6.75 per cent.

…

The move sparked panic and violent protests yesterday as crowds desperately tried to withdraw their money at cash machines.

…

‘Why would you risk putting your money in Greek, Spanish or Portuguese banks after this?’

British expats were stunned by the news, with many left high and dry by the restrictions on accounts.

Cash machines had been working, but many ran out of notes because of the panic withdrawals.

…

But financial experts said the raid – designed to stop Cyprus crashing out of the euro, potentially destroying the currency – would send shock waves through the Eurozone.

If savers in other troubled nations fear their accounts might be next, they could withdraw their money and spark a catastrophic run on the banks.

Source: Daily Mail

In case you weren’t aware, Cyprus is hub of offshore accounts. One of the biggest hurt by this move were Russian mobsters. But before you justify that, remember, people all over the world had their funds there. It all depends on how you define taxation:

As Market Ticker’s Karl Denninger notes, “Like hell that’s a tax. That’s direct confiscation of the funds of people who did nothing wrong!”

People need to wake up and fast because this train is coming to each of us and soon. There is no safe haven on the planet for money or investments now. The New World Order has arrived and it is hungry. A planetary government of elites who have colluded to strip the wealth from nations has descended to rip the fabric of civility apart and we are all on the menu.

I can’t put it any better than Mac Salvo:

It should now be obvious. There is no recovery. There never was.

No matter where you live, your government is likely preparing measures to deal with the coming financial and economic collapse. This means they are going to be coming for anything of value that they can get their hands on.

If you have the majority of your net worth allocated in bank accounts, money market funds, retirement plans, stock markets or the host of other ‘safe’ assets recommended by your financial adviser, then you are playing Russian roulette.

And in this version there’s a bullet in every chamber.

When they come, they will take everything they can.

You didn’t think all that ammo, arms, food and medicine was for a rainy day, did you? Well, if so, it is pouring. Our Marxist leaders have made preps for themselves, the rest of us be damned and we have just let them do it. Shame on us.

I’ll close with the prescience of Nigel Farage. Pity no one listened to him on this:

Video: Nigel Farage - European Parliament - The Fight for Freedom and Democracy

Related:

In 1941, The Federal Reserve Wrote A Letter Explaining Why The Cyprus Bailout Was Such A Terrible Idea

UPDATED: Heed the warning of Cyprus: “Deepen your preparation and keep it to yourself”

(Bank) Holiday In Cyprus

Pimco’s El-Erian: Cyprus Bank Tax May Blow Up Europe

Fed’s Fisher: Too-Big-to-Fail Banks Should Be Broken Up

Judge Napolitano Discusses If Cyprus Bank Bailout With Seized Depositors Funds Could Happen in US

JP Morgan/Chase having a slight problem. All Accounts show Zero balance 3/19/13

Sunday, July 15, 2012

Dancing on the Global Fiscal Cliff

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By: Terresa Monroe-Hamilton – The NoisyRoom

And the depths of chaos beckon while the financial sands beneath our feet shift into oblivion. Today, we offer you a metaphor salad to describe the current progress of the financial apocalypse. Yep, more happy news from the economic war front.

To say we are skating on thin ice globally as well as here in the US is an understatement of epic proportions. It’s the new and improved walking dead economies – it’s the end of the economic banking world and I feel fine. In fact, it should leave all of us breathless.

While Wall Street manipulates the hell out of the markets and bankers play games with our future (and they have butter fingers by the way), we are told to chill… everything is under control and we are in a slow recovery. Black is white; up is down. And by the way, I have a bridge that is to die for — just sign here. Never mind the second Great Depression taking place. Pardon moi if confidence is in the toilet these days and if we don’t believe the powers that be any more. We’re fickle that way.

It was claimed that MF Global was a freak – that it would never happen again. That is until PFGBest came along and made lightning strike twice in the same spot. What? Nothing to see here sheeple… Quick, invest, invest, invest! From The Economic Collapse:

PFGBest is a brokerage firm in Cedar Falls, Iowa that mostly handles agricultural futures.

All hell broke loose when the National Futures Association discovered that a bank account that was supposed to be holding 225 million dollars of customer funds was only holding about 5 million dollars instead.

So where is the other 220 million dollars?

That is a very good question.

Of course it is not a promising sign that the head of PFGBest tried to commit suicide when this news came out.

Next, we were told a wave of city bankruptcies would NEVER occur in the US, we nodded and smiled like idiots and said that we believed the weasel politicians. California is turning into Greece at an alarming rate with three cities in the last 2 weeks going toes up and many more to follow — first came Stockton, then Mammoth Lakes and now San Bernardino. Just nod some more if you get it now. From The Los Angeles Times:

The city’s fiscal crisis has been years in the making, compounded by the nation’s crushing recession and exacerbated by escalating pension costs, lucrative labor agreements, Sacramento’s raid on redevelopment funds and a city reserve that is tapped out, officials said.

And this is not unique to California. It’s happening all over the US, you just don’t see it in the press because it makes Obama look bad. Take a long, hard look at Scranton, Pennsylvania where all city employees were just put on minimum wage. They wouldn’t raise taxes (who would want to?), so the mayor reduced wages. He had to do something because they are BROKE.

We were told to have faith in global interest rates, that they couldn’t possibly be manipulated by insiders — that is until the LIBOR scandal. Whoops! In fact, watch this scandal… it will literally rock the world and bring economies to their knees. Count on it. If financial dreamers dream, then it’s nightmares all around. Welcome to global collusion. More from The Economic Collapse:

It turns out that banksters have been colluding to fix global interest rates for years.

“Liborgate” is being called the biggest financial scandal in history. Libor is important because it is one of the key benchmarks used to set prices for hundreds of trillions of dollars of loans, securities and derivatives.

British banking giant Barclays has already admitted that they were involved in manipulating Libor.

Barclays has already agreed to pay $453 million in fines to British and U.S. authorities.

But the truth is that it would have been totally impossible for Barclays to have manipulated Libor by themselves.

So who else was involved?

The Wall Street Journal puts it this way:

At stake is both the integrity of the world’s financial system and the credibility of the U.K. authorities to police it. Long before the current scandal, many European policy makers had concluded that London during the boom was the Wild West, whose loose standards are a threat to European financial stability. The Libor scandal suggests U.S. regulators have reached similar conclusions. The Commodities Futures Trading Commission, the U.S. regulatory body that first started investigating rate-fixing, left little doubt how seriously it regards the abuses it uncovered.

Get the hell out of the system, right now. Don’t stubbornly stand on the deck of a fiscal Titanic as it sinks. Head for the lifeboats and nix the suicide folks.

We were also told that Greece was an anomaly. Just another twist of fate — couldn’t happen again. Until Spain that is, who looks an awful like a repeat of Greece only worse. And as has been foretold on this blog over and over, it’s a chain reaction and more catastrophe to follow and soon. It’s summertime in Fiscal Hell, don’tcha know.

Don’t let the austerity they are pushing in Greece fool you. It consists of taxes that no one can pay if they want to continue eating. It does reduce spending and government bennies, but it is too little too late. Europe is on the way down, big time. Spain will make Greece look like a walk in the fricking park. Again from The Economic Collapse:

Can anyone still possibly deny that Spain is going down the exact same road that Greece has gone?

Spanish Prime Minister Mariano Rajoy is proposing a huge slate of tough austerity measures including a 3 point increase in the Value Added Tax on goods and services. If that 3 point hike is implemented, the Value Added Tax will rise to 21 percent.

Could you imagine going to the store and paying a 21 percent sales tax?

Ouch.

Rajoy is promising that these measures will get Spain back on the right track.

Of course we have already seen how well such austerity measures have worked in Greece.

The unemployment rate in Spain is already up to 24.4 percent, and now these austerity measures will slow the economy down even more.

No wonder there is rioting in the streets. You can see high quality footage of the rioting that has been going on in Spain this week right here. At one point police were seen firing rubber bullets at the protesters.

 

But of course the citizens of Spain could not live way above their means forever. At some point every debt bubble ends, and when that happens the results are often incredibly painful.

You are looking into America’s not-too-distant future. Truth be told, if the Obama administration was honest about our unemployment rate, it would read over 15% and personally, I think it is closer to 23 or 24%.

So, as we gleefully dance ever closer to the global fiscal cliff — and a crumbling cliff at that — maybe just maybe we should actually look at what is going on around us globally and locally here in the US. It’s not just finances, it’s morality, ethics, our culture — the whole ball of wax and we are coming undone quickly. As a nation, we need to fall to our knees and declare a covenant with God and fast or we will realize a reckoning few can envision. Thus endeth the lesson.

Monday, May 14, 2012

The Fascist Boogie Fever

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By: Terresa Monroe-Hamilton - The NoisyRoom

All hail, or should we say ‘heil,’ the rise of the Golden Dawn fascists in Greece. It’s all the rage (literally) in the streets of Greece these days. They now hold 21 seats in the Greek government – about 7% of the controlling body – and combined with the Communists, that control is closer to 20%. And their influence is not only growing there, but in Europe and the US. The darkness is rising once again and the Golden Dawn is telling those in power they should fear them now and indeed, they should take those threats to heart. Golden Dawn is demanding the respect of the Greek people and, with their violent stance, they may enforce it.

From The Blaze:

Golden Dawn leader Nikolaos Michaloliakos told The Associated Press in an interview that his party had delivered a blow against the country’s corrupt leadership.

“They slandered us, slung mud at us, and shut us out of all the news media – the TV channels of the corrupt elite – and we beat them,” the 55-year-old leader said as the votes came in. “The day of national revolution by the Greeks has begun against those who are selling us out and looting the sweat of the Greek people.”

History is repeating and a new horror is spreading its wings across the globe and few seem to be taking note of it. France just elected a Socialist leader (actually he’s a Communist; you say potato…) and Islamic fascism via The Muslim Brotherhood and al Qaeda is sweeping the Middle East. Look at history: Hitler and Islam joined hands in a Kumbaya moment of sociopathic murderous glee to slaughter the Jews last time and you are seeing the exact same moves today. Once again, America sits quietly by as the vilest of coalitions forms to engulf humanity while Satan laughs with delight. Iran is doing the nuclear bump as its evil imp of a leader boldly proclaims that war is not needed to defeat Israel. No… cutting ties and dirty looks should do the trick. Okay, you can stop choking with laughter now. Ahmadinejad is the ultimate trickster – I firmly believe he wants to nuke Israel into the afterlife and you are nuts if you can’t see that. We are on his enemies list as well – right at the top of it actually, with Israel a close second. A well placed EMP or two should take care of the US in the imp’s viewpoint and he may well be right. Millions would die in the aftermath of one second after.

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America is not immune to the spread of Golden Dawn’s platform. Certainly, if Obama is reelected we will see it spread. Of course, the name will be different, but the sulfuric stench will be the same. If Romney is elected and then does not follow the will of the people in America, which is a conservative bent by the majority, and goes back to bailouts and stimulus games, you will see the rise of nationalism here as well and that is poison. We dare not go down that road. History shows we could easily do so. There were pro-Hitler movements here in the US the last time this rose from the depths of Hell. Look it up.

The Blaze explains the scenario that could unfold:

Beck explained that the situation in Greece was likely a direct result of something he calls the “Bubba effect.” To refresh your memory on what this theory entails, envision a scenario where, in the wake of an Islamic terror attack and subsequent government ineptitude — particularly as regards national security and immigration — an everyman, or, “Bubba,” pushed to the brink, shoots someone who appears to be Muslim. Citizens rally to Bubba’s defense, blaming the government, not the murderer, for causing the problem in the first place. When citizens’ frustration with government reaches critical mass, a contingent can all too easily use that as an excuse to lash out. As we examine the situation in Greece below, it seems the Bubba effect may have already arrived.

One component leading to the unrest across the eurozone has been the enactment of austerity measures. Billed as an answer to the European sovereign debt crisis, austerity measures focus on achieving reduced levels of spending primarily through cutting public services and programs. This is done so that taxes need not increase to compensate for deficits. Needless to say, whenever public and social services are cut, those who champion said programs, particularly on the left, are bound to pose strong resistance. Such has been the case across Europe, specifically Greece. With the exit of Sarkozy, German Chancellor Angela Merkel is perhaps the only pro-austerity leader left in Europe.

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I never thought I would see this happen in my lifetime. It blindsided me and takes my breath away. When I face the evil developing, it causes me to cringe from within and begs me to turn away. I will not and I pray that America and the world will not either. The only way to beat back the darkness is to face it head on and fight with every bit of strength you have physically and in your soul. Death is not the worst thing that can happen to you. History is calling us – which side will each of us choose? I choose the light and will fight to my last breath defending Israel and what is good and right. My course is set, but the world’s is still very much in question. It has taken the world only 70 years to forget the last time we danced with this demon. Shame on us.

Listen to the hardline rhetoric of Greece’s Golden Dawn leader, Nikolaos Michaloliakos. Anti-immigration, isolation, nationalism… spouted with ear-assailing passion and vehemence. Remind you of anyone? All fanatical, charismatic psychopaths share certain traits – loud proclamations, soul-stirring speeches and gut wrenching inclusions meant to ensnare the soul and trap the individual with twisted, seductive language where up is down, wrong is right, death is life.

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More is to be gleaned from The Blaze – the only one I know of that’s exposing this spreading cancer:

Vowing to “rid this country of the stench” — a.k.a. immigrants — Golden Dawn’s insignia is entirely too reminiscent of the swastika and its adherents, reportedly clad in black, are often seen physically abusing and intimidating immigrants across the country. Needless to say, Greece’s immigrant community is understandably concerned and opponents are preoccupied with how best to marginalize the Neo-Nazi group that has now gained legitimacy in the halls of government.

Michaloliakos, who is also no fan of the media, said the day of “national revolution by the Greeks has begun against those who are selling us out and looting the sweat of the Greek people.”

It might also be worth noting that “Golden Dawn” takes its name from a “magical order” of Freemasons who practiced in the late 19th and early 20th century Britain. The order has been cited one of the greatest influences on Western occultism.

The silence from the media and the world is deafening and beyond alarming. Israel sees what is happening. What happened to all of us who declared “never again?” Eternity beckons the world into darkness and we are too busy watching American Idol to care. Sigh.

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It is true that the Nazis killed not only Jews and Gypsies, but Communists and Socialists. But in many ways, the Nazis shared common goals with the Communists. That is why they were killed – their ideology competed with Hitler’s vision. Particularly, their economic goals were similar.

From the TIME Magazine profile that named Adolf Hitler its 1934 Man of the Year:

“Most cruel joke of all, however, has been played by Hitler & Co. on those German capitalists and small businessmen who once backed National Socialism as a means of saving Germany’s bourgeois economic structure from radicalism. The Nazi credo that the individual belongs to the state also applies to business. Some businesses have been confiscated outright, on other what amounts to a capital tax has been levied. Profits have been strictly controlled. Some idea of the increasing Governmental control and interference in business could be deduced from the fact that 80% of all building and 50% of all industrial orders in Germany originated last year with the Government. Hard-pressed for food- stuffs as well as funds, the Nazi regime has taken over large estates and in many instances collectivized agriculture, a procedure fundamentally similar to Russian Communism.”

There was a direct correlation between poverty, the increase of unemployment and the rise of Nazism. Think it can’t happen here? If we don’t change our course, look in the mirror at Greece. She is our future on a larger, more deadly scale. It took only 30% to elect Hitler and put him in office with an iron-fisted control of the country.

The fascist boogie fever has hit Greece and is dancing its influence across the planet. Spreading anti-Semitism, hate and fear while dancing to the Nazi beat. It’s literally to die for.

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Thursday, November 17, 2011

Greg Palast: Vulture’s Picnic

The older you get the more you realize how often things are connected and how sometimes things that you thought were at opposite ends of the spectrum actually come full circle and intersect. Such is the case here… see side story at the bottom.

Video: Greg Palast "I Do Investigative Reporting! I Don't Think It's Legal Under Patriot Act 4 In The U.S."

Lazy Ouzo-Swilling, Olive-Pit Spitting Greeks
Or, How Goldman Sacked Greece

Here's what we're told:

Greece's economy blew apart because a bunch of olive-spitting, ouzo-guzzling, lazy-ass Greeks refuse to put in a full day's work, retire while they're still teenagers, pocket pensions fit for a pasha; and they've gone on a social-services spending spree using borrowed money. Now that the bill has come due and the Greeks have to pay with higher taxes and cuts in their big fat welfare state, they run riot, screaming in the streets, busting windows and burning banks.

I don't buy it.  I don't buy it because of the document in my hand marked, "RESTRICTED DISTRIBUTION."

I'll cut to the indictment:  Greece is a crime scene.  The people are victims of a fraud, a scam, a hustle and a flim-flam.   And––cover the children's ears when I say this––a bank named Goldman Sachs is holding the smoking gun.

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This is an adaptation of an excerpt from Vultures' Picnic, Greg Palast's new book, out next week, an investigator's pursuit of petroleum pigs, power pirates and high-finance fraudsters. Read the first chapter or just get the book here.

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In 2002, Goldman Sachs secretly bought up €2.3 billion in Greek government debt, converted it all into yen and dollars, then immediately sold it back to Greece.

Goldman took a huge loss on the trade.

Is Goldman that stupid?

Goldman is stupid—like a fox. The deal was a con, with Goldman making up a phony-baloney exchange rate for the transaction.   Why?

Goldman had cut a secret deal with the Greek government in power then.  Their game:  to conceal a massive budget deficit.  Goldman's fake loss was the Greek government's fake gain.

Goldman would get repayment of its “loss” from the government at loan-shark rates.

The point is, through this crazy and costly legerdemain, Greece's right-wing free-market government was able to pretend its deficits never exceeded 3 percent of GDP.

Cool. Fraudulent but cool.

But flim-flam isn’t cheap these days: On top of murderous interest payments, Goldman charged the Greeks over a quarter billion dollars in fees.

When the new Socialist government of George Papandreou came into office, they opened up the books and Goldman's bats flew out.  Investors' went berserk, demanding monster interest rates to lend more money to roll over this debt.

Greece's panicked bondholders rushed to buy insurance against the nation going bankrupt.  The price of the bond-bust insurance, called a credit default swap (or CDS), also shot through the roof.  Who made a big pile selling the CDS insurance?  Goldman.

And those rotting bags of CDS's sold by Goldman and others? Didn't they know they were handing their customers gold-painted turds?

That's Goldman's specialty.  In 2007, at the same time banks were selling suspect CDS's and CDOs (packaged sub-prime mortgage securities), Goldman held a “net short” position against these securities. That is, Goldman was betting their financial "products" would end up in the toilet. Goldman picked up another half a billion dollars on their "net short" scam.

But, instead of cuffing Goldman's CEO Lloyd Blankfein and parading him in a cage through the streets of Athens, we have the victims of the frauds, the Greek people, blamed.  Blamed and soaked for the cost of it.  The "spread" on Greek bonds (the term used for the risk premium paid on Greece's corrupted debt) has now risen to — get ready for this––$14,000 per family per year.

Euro-nation, the secret Geithner memo, and the Ecuador connection

Why did the Greek government throw its nation's fate into Goldman's greasy hands?  What the heck was in the "RESTRICTED" document? And why did I have to take it to Geneva, to throw it down in front of the Director-General of the WTO for authentication, a creepy French banker I otherwise wouldn't bother to spit on, and then tear off to Quito to share it with the grateful President of Ecuador?

To give you all the answers would require me to write a book.  I have:  Vultures' Picnic––in Pursuit of Petroleum Pigs, Power Pirates and High-Finance Fraudsters.

It's really quite important to me that you read it, that you get it now.  That's a funny statement, I suppose, from an author.  But if you've been reading my stories in The Guardian or watching my reports on BBC Newsnight, you've gotten the facts; but I really want to let you inside the investigations, to cross the continents with me and follow down the leads so that you can get a full picture of The Beasts.  The Beasts and their trophy wives, intelligence agency go-fers, political concubines and bone-breakers.  And besides, it's enormous fun when it's not scary as sh*t.

********

Here's a taste of Chapter 12 - The Generalissimo of Globalization - from the film-enhanced eBook edition.  [And more on the 1% Greece-ing us, check out the upcoming issue of In These Times.]

VIDEO:  Vultures' Picnic - Chapter 12 - The Generalissimo of Globalization

Note:  I will be in Chicago for In These Times on November 29, part of our 15 city tour that begins this coming Sunday, November 13, in Portland, then moves to San Francisco, LA, San Diego, Denver, Boulder, New Mexico, Albuquerque, Chicago, Madison, New York, DC, Houston, Burlington, and Atlanta. Find out more info here.

***

Greg Palast is the author of Vultures' Picnic: In Pursuit of Petroleum Pigs, Power Pirates and High-Finance Carnivores, which will be released on November 14 by Penguin USA.

Greg Palast just wrote Vultures' Picnic

Video:  Vulture's Picnic, 1% Vultures Praying on 99% Greg Palast Interview

Related: 

Video: UKIP Nigel Farage – How dare you tell the Italian and Greek People Wath to do!!!  - Nov 2011

Out of the blue I received information from a friend on Greg Palast’s new book:  Vultures' Picnic 

In 1970 two politically active kids were Presidents of their high school classes in Southern California.  Both went through the next 40+ years of their lives involved in writing, photography and political activism… one a progressive and the other a tea party type.  One is Greg Palast and the other is the writer of this was well as several other blogs, Marion Algier.

Amazing how two people, coming from the same high school with opposite points of view can come full circle and actually find some common ground…  agreeing on fraud, corporate greed, inept and corrupt government, banksters and the list surely goes on, while still disagreeing on so much. And fun to look back!

Class Presidents

Poly Class Presidents 1970  - Left:  Greg  and Middle: Marion

By Marion Algier

Ask Marion~  -  h/t to Jean Stoner