Greek Crisis (Opinion)

If you look in the United States, the people fight a constant war with the federal government over taxes and socializd programs. The government continues to let the plutocrats get away with white collar crime while lowering their taxes as a reward, and the Federal government attempts to take away from the middle and lower classes social programs to balance the budget, so the plutocrats can continue their insane casino economy on Wallstreet.

How does this relate to Greece?

According to Athens news, Germany will be sending 160 tax collectors to Grecce, so they can fund their bail out plan [1]. The first insanity with this plan is the fact that technocrats were parachuted into this problem to find a bailout plan. When these technocrats found a plan the mass media praised the plan, stating it stops Greece from a economic meltdown. These technocrats are not elected officials, but people planted in from Wallstreet and central banks. The second insanity is the plan will not work, and they knew the plan would not work days before it was agreed [2]. 

So why go with the plan?

The Eurozone itself is in a debt crisis, and it has been building a debt firewall, and the EU is under continuous pressure to increase the firewall [3]. I find it interesting that a summit will be held to determine if Greece has followed its end of the deal for the bailout, but they are already sending tax collectors before the validity of the plan has been verified (austerity measures). People are getting the distinct feeling Greece is being used as a debt scape goat for the EU [4].

What else can Greece do?

The bottom line is this entire crisis has been a joke from the beginning. Greece has exemplified how ridiculous our debt banking system has become since the 1970's. They continue the insanity by finding a solution through more loans and austerity which will only cripple Greece's economic growth. More loans is not the solution; humanitarian aid will help Greece get back on track through creating socialized jobs. I am sure Greece's economy could benefit in the long run if they took advantage of the high unemployment rate combined with aid, so they could build a new economic infrastructure for the future. From what I can tell this is not legally possible, I believe Greece's best bet is to break away from the banking insanity, so they can qualify for aid. They can achieve this though leaving the European Union and bring back the drachma. This move would also make Greece's work force competitive on the global market. Is this a risky move? yeah, it is a very risky move because even with the debt crisis their currency is still back by the EU; however, the move is reasonable compared to the insanity being forced on the Greeks.

Sources

[1]German tax collectors in Athens

[2]Greek deal leaves Europe on the road to disaster

[3]Eurozone puts back talks on debt firewall boost

[4]The Greek bailout won't work, but will it buy Europe's banks the time they need?

 

Britain Out of Money

Well in the eve of Greece, Ireland, Porutgal, Spain, and Italy. The British government has officially announced it has run out of money before their projected recession.

He left David Laws, his successor, a one-line note saying: “Dear Chief Secretary, I’m afraid to tell you there’s no money left”. 

The Institute of Fiscal Studies has urged him to consider emergency tax cuts in the Budget to reduce the risk of a prolonged economic slump. 

“Any tax cut would have to be paid for,” Mr Osborne told Sky News. “In other words there would have to be a tax rise somewhere else or a spending reduction.“In other words what we are not going to do in this Budget is borrow more money to either increase spending or cut taxes.”

I assume Mr. Osbourne has the memory of Greece's dependence on foreign creditors in his head in this statement. The statements from members of parliament and Mr. Osbourne show sharp contrasts on how to handle the matter. Personally, I do not blame UK with the exorbitant amount of debt being accumulated in the eurozone. One thing is clear:  

The Chancellor made it clear he was resisting pressure to hand over up to another £17.5billion in taxpayers’ money to help bail out struggling European Union countries.

The speculators in Wallstreet, and the privatized health industry in America have been driving up costs for many socialized programs Eurozone supports. These costs have been placing greater pressure on socialism in Europe, and the constant investment and loans from external creditors have created a debt based socialist system. These external creditors have been pressuring countries like France, Spain, and Greece to impose austerity measures to stimulate economic growth; however, austerity measures have only ever exhibited opposite reactions to this claim. I am jumping to the worst possible scenario, so do not take this seriously. It's possible we will see spiraling decay of socialism in Europe forced from external creditors and the IMF. Eventually, we could start observing privatization in Europe for the sake of controlling debt and stimulating economic growth. This scenario would be an excellent opportunity for globalization front companies since Europe is an untapped market.

Source:

Britain has run out of money, Chancellor warns 

UN Interenet Authority

Today, The United Nations negotiates a new treaty which will destroy the internet for the people  beyond SOPA/PIPA and ACTA. The internet needs no introduction, but it has enlightened every aspect of our lives. It is information without borders, and it allows the people from all nations and cultures to begin to understand one another, for the people internet is a medium for the influence of thought; however, These wonders internet has provided both economically, socially, and culturally threatens the status quo of our central governments and corporations, which they sparked today's meeting in Geneva. The list of objectives for this treaty before today are as follows, directly from the FCC commissioner Robert McDowell [1]:

• Subject cyber security and data privacy to international control;
• Allow foreign phone companies to charge fees for "international" Internet traffic, perhaps even on a "per-click" basis for certain Web destinations, with the goal of generating revenue for state-owned phone companies and government treasuries;
• Impose unprecedented economic regulations such as mandates for rates, terms and conditions for currently unregulated traffic-swapping agreements known as "peering."
• Establish for the first time ITU dominion over important functions of multi-stakeholder Internet governance entities such as the Internet Corporation for Assigned Names and Numbers, the nonprofit entity that coordinates the .com and .org Web addresses of the world;
• Subsume under intergovernmental control many functions of the Internet Engineering Task Force, the Internet Society and other multi-stakeholder groups that establish the engineering and technical standards that allow the Internet to work;
• Regulate international mobile roaming rates and practices.

Dozen of countries including the powerhouse BRIC countries desire to establish international control of the internet through the International Telecommunication Union (ITU). This will establish an international authority on the internet, and all DNS domains will be threatened in any country. Unfortunately, the Obama administration has not chosen a delegate, for this meeting; I assume the US will take the same stance as its stance with ACTA. The treaty is non-binding to the United States. The U.N. has also failed to issue a global tax to establish a global government, so the U.N. will not be an immediate threat to the internet since it has no financial infrastructure to enforce it on America. Why should this still concern Americans? The US debt to GDP is 102%, and the nations currency is supposed to be worthless when this debt reaches 100%; however, the reason why the United States has not experienced this tragedy is for two reasons. Our GDP increase by 4% every year because of the free-market we know as the internet. The second reason is the petrodollar, but it weakens every year because of decreasing confidence [2]; The second reason makes protection of our internet even more pressing. It's extremely important that we protect the internet not just because its a medium for absolute freedom of speech and expression. It's the only medium left in the world which has an Adam Smith free-market which stabilizes world economy. A simple example is this very blogspot with Google's adsense. Anyone is free to write and profit from a blog; however, the readers decide which blogs are worth attention. The readers have the freedom to decide what is relevant and interesting, and the worthy blogs rise to the top in readers and profits. Now imagine, Google decides to create a centralized editor for blogspot, so they can maximize profits from adsense. So, what happens? you have a small group of people in Google who decides what should be published on blogspot with only Google's interests in mind. You can generalize this thought experiment to ACTA, and the treaty from today's international conference. In essence, The free-market internet will be obliterated and centralized with only the interests of the plutocrats and central governments in mind. Rise up and protect the internet, Stop the Kraken!

Citations
[1] 
The U.N. Threat to Internet Freedom



[2] 
 Dollar should be replaced as international standard, U.N. report says

China should cap forex reserves at 1.3 trillion U.S. dollars: China banker

 The Demise of the Petrodollar

Argh, Pirate Bankers!

I recommend the reader take some time with this article: http://www.alt-market.com/articles/596-world-bank-wants-control-of-the-high-seas  This article does a great job of interpreting the World Banks motivations, so I will not spend much time on this blog.

The World Bank in its effort to centralize every aspect of the means of production; it now set its eyes on the oceans. Since we know how much the corporations love the environment, The World Bank has set out a plan to acquire the sea food production resources of impoverished countries. Essentially, the fees and red tape will force out any independent fisherman, and the globalization front companies will monopolize the fishing industry. World Bank President Robert Zoellick's argued that small fisher industries are ignorant of ocean conservation. Under the guise of environmentalism, The front line Wallstreet corporations will take over fishing industry because they will be conscientious about the oceans. Now, the consumer will see a sharp increase of the sea food industry because it will now be driven up by speculators in Wallstreet, and the impoverished cannot afford these inflated prices. One more for the "World Food Order."