Truth in Media Editorial


Congressional “death merchants'” war dogs start barking, fearing peace may break out

Truth be told, they and the lamestream media started barking against a possible Trump-Tillerson foreign policy ticket well before today’s announcement. And now, their worst fears have come true. They are losing control of US foreign policy, their sacred turf since almost a century ago. Neither Trump nor Tillerson are members of their “elite” New World Order clubs.

It was almost comical to see the headlines and the comments in the lamestream media about Donald Trump’s ultimate pick for Secretary of State, the Exxon-Mobil chairman Rex Tillerson.

Congressional war dogs, who have been for decades barking out venom against Russia as obedient servants of American corporate “death merchants,” are terrified that peace may finally break out. Which would mean they’d be, of course, out of work. So now they are threatening a fight over Tillerson’s confirmation.

Well, that’s sort of predictable. Having lost the election, they are now trying to sabotage the work Trump is trying to do. They will lose. As they did in November.

Maybe the Secretary of State confirmation hearings will give Rex Tillerson a chance to earn the nickname T-Rex (Tyrannosaurus Rex) – the most fearsome of all prehistoric animals. Hopefully Rex will devour the NWO congressional war dogs for breakfast, and then he and Trump together will finish off their puppet masters for dinner. 🙂 That’s my wishful thinking anyway.

And then – peace may finally break out. God willing.

If that were to come to pass, I could even forgive Trump giving Hillary a free out of jail pass.


NEWS STORY (London Guardian)

Trump picks Tillerson for state department

Donald Trump has nominated Rex Tillerson, the president and chief executive of ExxonMobil, as secretary of state. “His tenacity, broad experience and deep understanding of geopolitics make him an excellent choice for secretary of state,” the president-elect said in a statement.

The selection of the ExxonMobil president marks the end of a drawn-out search to fill the position, during which time Trump considered several potential contenders, including former presidential candidate Mitt Romney – who was very critical of Trump during the election campaign – former New York mayor Rudy Giuliani and former CIA chief David Petraeus.

However, Tillerson’s approval by the Senate is far from guaranteed. His close ties to Russia, where he has completed a number of projects and was awarded the Order of Friendship by Vladimir Putin in 2013, as well as his lack of experience will be cause for concern for senators from both parties.

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UPDATE DEC 14, 2016




For a man who was said to have no foreign policy experience, Donald Trump made two presidentially deft geopolitical moves this month. Both are aimed at neutralizing China’s growing power in the world and stopping the demonization of Russia.  So Trump is already starting to shake up the world even if he is not even president yet.


Trump’s first bold move was to take a phone call on Dec. 2 from Taiwan’s President, Tsai Ing-wen. This set off alarms in Beijing. Red China’s leaders are now fearing that Trump may be challenging their longstanding “one China” policy.

If so, Trump will playing Nixon’s “China-card” in reverse, by wooing Moscow to isolate Beijing. And not just Nixon’s card. George H. Bush not only looked the other way when Chinese communist leaders massacred thousands of Tiananmen Square pro-democracy demonstrators on June 4, 1989. He rewarded them with hundreds of billions of dollars in foreign investments that turned China into a virtual factory of the world over the next decade (see China: Real Cold War Winner – Russia Is Still a Bogey, March 2002 –

This writer had spent a lot of ink in his global business and geopolitical articles in the 1990s railing against the foolhardiness of such policies (see, for example,  Who Lost China?, Aug 1999 –,  Killing Russia Softly, Apr 1997 –


Xi Jinping, China’s president, referred to Russia and China as “friends forever.” That assertion will now have to pass a Trump test.


Because Trump’s second foreign policy move this month – appointing the ExxonMobil CEO Rex Tillerson Secretary of State – threatens to cause a possible rift between Russia and China. Until now, the two bedrock members of anti-New World Order BRICS organization – Russia and China – have been close allies, united in their resistance to the U.S. global hegemony.

But Tillerson enjoys historic ties with Vladimir Putin and Russia, where he was awarded the Order of Friendship, he enjoys no such history with China (see ‘Friends forever’? China wary of Rex Tillerson wooing away Russia, Guardian, Dec 14, 2016). And we already know what his new boss thinks of China.


In fact, some commentators say that Trump may be Weaponizing China’s $1.16 Trillion of US Treasuries (e.g., Daniel Kruger, Forbes CONTRIBUTOR).

China is the largest holder of US Treasuries. It held $1.16 trillion of U.S. government debt as of September. For more than a decade, politicians have expressed concern that China and other foreign government could use their significant stakes in Treasuries against the U.S. by dumping them on the market. Such a move would potentially drive borrowing costs in the U.S. higher, they argued.

True. But this would also hurt China’s exports – the sacred cow of its communist government. Because should China try to dump the Treasuries, it would weaken the dollar and bolster its currency, known variously as the yuan and the renminbi. Which means the price of Chinese goods would rise, thus diminishing their global market appeal.

So selling off treasuries would be China cutting off its nose to spite itself. Or shooting itself in the foot to hurt the U.S. Chinese leaders are ruthless communists but they are not stupid. And Trump knows it. So he is using their massive treasuries holdings as a weapon with which to wag their tail.

So do you still think America’s president-elect is inexperienced in foreign affairs?


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Truth in Media Editorial – Part 3

UPDATE DEC 14, 2016 


What’s good for the goose isn’t good for the gander?

During presidential campaign, and even now, the lamestream media keep fabricating stories about Russia’s alleged rigging of the U.S. election without offering any proof. Perhaps that’s because the establishment stooges remember how they did just that in Russia 20 years ago.

In early 1996, Boris Yeltsin’s approval rate was in the single digits. He had carried out a presidential coup, started a sham war in Chechnya, and had helped oligarchs pillage the nation which brought the economy to its knees, with people like this little girl in Moscow starving and forced to beg for food.


Yet in July 1996, he was elected president for the second time. How did this happen?

“It took one of the most unfair, costliest and most fraudulent election battles in the history of democracy,” writes Mark Nicholas on Dec 12, 2016 in RUSSIA INSIDER. “All with the complicity of the United States which backed the Russian alcoholic in chief every step of the way (as it had during the ’93 coup).”

(see If Russia Did Rig the US Election It Would Only Be Payback for Yeltsin’s Second Term:

Alleging Russia’s complicity in Donald Trump’s win is merely a sign of desperation. Like Don Quixote, the New World Order establishment are swinging at the windmills. They won’t be doing it for much longer.

Even before Trump has been sworn in, he is starting to drive the New World Order snakes out of America, just as Saint Patrick did in Ireland in the 5th century (see the Truth in Media editorial New World Order Snakes to Be Expelled from America, Oct 24, 2016).  That’s a hopeful sign.

Let us pray that he continues draining the swamp faithfully after he assumes office.

For more, see…

PS: By the way, Russia, Serbia and China were the only countries that expected Trump to win. Take a look at this chart.


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Truth in Media Editorial – Part 4

UPDATE DEC 15, 2016 


If Donald Trump is really as smart as his early moves suggest, he will realize that alienating China will NOT “Make America Great Again,” his election slogan. Only a true partnership between the three global power centers will. Which, at the present time means, the U.S., Russia and China.


Because since time immemorial, triangles have been the building blocks that offer both strength and stability.

Think Trinity if you are religiously inclined. Think Giza Pyramids if you are a history buff. Think Merkaba*, an ancient symbol of creation, if you are spiritually endowed. Think milking stool, if you are a farmer. A milking stool has three legs for one simple reason. It’s nearly impossible to knock it over. Which comes handy with a restless cow. Or a world in a state of flux.


The 20th century has shown us that bipolar worlds do not work. Superpowers do not last. Before you know it, one partner will switch sides and turn on the other. They are easy to knock down and can lead to anarchy. And to world wars.

So if Trump really wants to make America great again, he must do so by mending fences with all nations, especially the most power-hungry ones. Like China. Not by appeasing them. Not by bombing them. Nor bribing them with U.S. investments. But by using the U.S. assets as leverage against China’s power plays so as to keep its ambitions in check.

Let us hope and pray that Trump is as wise as he is smart.

*NOTE: Merkaba is a geometrically precise field that is formed from the pattern of the first eight cells of the fertilized zygote. The location of these eight cells is in the geometrical center of the human body in the base or root chakra. The eight cells also provide the center point for all of the energy fields and grids that surround the body. Thus, the Merkaba field is the matrix of creation.

Merkaba is both an Egyptian and Hebrew word for the field of light energy and information that radiates from the human body as the star tetrahedron, also known as the Star of David. Here it is as the sacred place at the Earth’s solar chakra at the Rainbow Shower in Maui. Around the two triangles is the circle which provides the balance between them. And around the circles are the 12 petals of the Zodiac system, completing the ancient Sanskrit symbol of Anahata – the heart chakra.




No European country among the top 10 of foreign students at American colleges

We not only have tacitly sanctioned illegal immigration in this country, we have a legal infiltration of our society by foreigners who do not share our culture. This kind of “negative selection” of foreign students is no accident. The “liberalization” of our society is not just limited to the liberal lamestream media. It is also a drumbeat of our colleges which are clearly aiming to change the demographics of our higher education away from our traditional values.

And here’s proof of it…


The number of international students attending American universities has been rising steadily. Just under 975,000 international students were enrolled in U.S. universities last year and that number has now increased to 1,043,839.

China supplies the most international students to U.S. universities (328,547), followed by India (165,918)and Saudi Arabia (61,287).

Wait a minute, take a good long look at this chart. Canada, our next door neighbor and a country with which we share not just a common border but a common culture, has about 27,000 students and American universities.

Saudi Arabia, a country that is implicated in the most egregious attack on America on 9/11, and is more than 7,200 miles away from the American Heartland, has 2.3 times as many of its nationals as Canada attending American universities.

Shocked? I was. No wonder Obama also tried to prevent the Saudis from being sued for their role in the 9/11 murders.

On the other hand, it is not surprising that China and India, the #1 and #2 on the list, had even more foreign students in the U.S. Because these are also the world’s most populous countries. And their students have shown themselves to be very hard working and successful in their academic fields. And quite willing to adapt and blend into the American cultural milieu.


But the real shocker in these university statistics is that there are NO EUROPEAN COUNTRIES among the top 10. And Europeans have been the traditional source of American immigration for centuries.

In 2014, 1.3 million foreign-born individuals moved to the United States, an 11 percent increase from 1.2 million in 2013. India was the leading country of origin for new immigrants, with 147,500 arriving in 2014, followed by China with 131,800, Mexico with 130,000, Canada with 41,200, and the Philippines with 40,500.

Again, no European countries among them. A “coincidence” or deliberate policy? The latter, of course.


European immigrants numbered only 4.8 million in 2014, out of a total immigrant population of 42.4 million. The share of Europeans among the total U.S. foreign-born population plunged from 75 percent in 1960 to 11 percent in 2014, as immigration from Latin America and Asia surged to new prominence after the Immigration Act of 1965 abolished national-origin quotas that gave preference to European migration.



In my August 1997 Washington Times column titled “Dancing ‘Round the Golden Calf,” I touched on that issue as well:

“The U.S. Immigration Act of 1965, signed into law by the Democratic President, Lyndon B. Johnson, launched “a demographic event of seismic proportions,” says Peter Brimelow, a Forbes magazine editor, in his best-selling book, “Alien Nation.” Mr. Brimelow calls this process the “browning of America.”


Immigration from Europe, the traditional source of American immigrants who shared the cultural heritage with the original American settlers, was immediately choked off by this act. By late 1980s, immigration from Europe was dipping below 10 percent of total inflow.

Meanwhile, immigration from Third-World countries soared. As a result, the U.S. government now officially projects that the American whites will be on the verge of becoming a minority (53 percent) by year 2050, if the current trends continue.” (see

The preceding statistics provide indisputable proof that the half-century old New World Order project of “Browning of America,” carried out by the Democratic administration of LBJ,  has been a resounding success.  The European share of U.S. immigration has plunged from 75% to 11% during the last 55 years. And is continuing to shrink, both overall and in terms of foreign students at the American universities.

The 1965 Immigration Act, while pretending to espouse equality, was actually INHERENTLY racists: “The act also for the first time established a cap for immigrants from independent countries of the Western Hemisphere, with an annual limit of 120,000 visas.” In order to tip the scales, it started to DISCRIMINATE, as you see, against the, until then, favored immigrants. And this law is still on the books today. As you can see from the statistics in this article.

So not only is the European culture under attack on the Old Continent, as I have written in the 1990s, its projection in the once predominantly Christian country – United States – has also been rapidly eroded by similar designs of the New World Order “elite.”

The more than million of mostly Muslim migrants that flooded Europe in 2015 were just the latest of the six claws trying to tear the Old Continent’s Christian culture apart (see A Bear in Sheep’s Clothing (1998), and Europe: All Pain, No Gain (2014, 2016)).

Our new president-elect Donald Trump has spoken out against it during the campaign (see Christianity Under Siege). Now it remains to be seen if he will translate his words into action and start to return America back to its roots.


PS: Many countries around the world have HIGHLY RESTRICTIVE immigration laws. For a good reason – they want to protect their culture and the way of life.

Anyone who tried to immigrate into Israel if he/she were are not Jewish can attest to that? Or into Japan? Not to mention China…or Russia? We, Americans, have been brainwashed by the New World Order “elite” over the last half century into believing that it is somehow shameful or bad to be proud of our mostly European heritage. Instead, we are supposed to worship the Golden Calf…

To which I say, “Nuts!” – quoting the unforgettable General Anthony Clement “Nuts” McAuliffe during the siege of Bastogne in December 1944.






One of the most popular sports in American politics is hurling rocks at business leaders and politicians who have supported free trade agreements. Such as Barack Obama’s recent TPP deal. Or his earlier KORUS agreement with Korea. Or Bill Clinton’s NAFTA deal. Or George W. Bush’s ushering of China into WTO (World Trade Organization).

One can easily understand why that is so. All these trade deals have meant losses of millions of American jobs (see Free Trade Costs American Jobs, Newsweek, May 18, 2105 – an excerpt below).

And not only that. As this writer has pointed out in a number of his 1990s geopolitical columns, in a global economy, low wage competition from abroad, including rampant immigration, has meant lower wages for the remaining American jobs.

“The roots of the immigration lie in the liberal elite’s economic interests.

Namely, the lower-paid immigrants not just displace the indigenous workers; they help lower the overall wages of the local people by merely competing for jobs.

The winners, of course, are the business and government elites who own and run large corporations. The “Princes of the 20th Century” are the New World Order’s new aristocracy.” (An excerpt from PLUTOCRATS OF THE NEW WORLD ORDER, Washington Times, May 1997).

“Given that there are roughly 100 million non-college-educated workers in the U.S. economy (about 70 percent of the labor force), the scale of wage losses suffered by this group translates to roughly $180 billion,” the Newsweek estimated in May. Across the full American work force of 157 million, the income losses are even greater.

No wonder, therefore, that people across America rail at the business leaders and politicians who support free trade agreements that result in exports of American jobs abroad. And that’s something that’s been going on for a quarter century now. Remember Ross Perot’s sound byte from the 1992 presidential debate about the “giant sucking sound” of American jobs going overseas?”


But as with most things in life, there is a flip side to these arguments. And it’s something no politician wants to get caught dead talking about. Because there is a hidden high cost of free trade deals.

Tens of thousands of people around the world die every day so American shoppers can enjoy cheap imports. Air pollution is killing 4,400 people every day in China, a new research study has found, according to Aug 14 Huffington Post.

So knowing that, all of the mad shoppers and bargain hunters at Walmart, Target, Sears and other major retailers across the country should know that have blood on their hands, figuratively speaking. Every time they buy a cheap “made in China” or some other low-wage country.

080919-shopping-woman-02 maxresdefault clothing-factories-dig.first_.media_

Which is why they are now facing a moral dilemma:

Is saving a buck in America worth killing thousands of people overseas? Worse, is it worth killing our planet?

Because air and chemical pollution kills indiscriminately. It does not kill just the humans. The total environmental costs are, therefore, incalculable.

Occasionally, we are reminded of that by the Spirit realm when industrial disasters occur. Such as the Aug 12 explosion at the Tianjin chemical factory in China that killed at least 50 and injured over 700 people. The warehouse is reported to have contained large quantities of the highly toxic chemical sodium cyanide.

Above was the drone footage of the devastating explosion happened in Tianjin, China on Aug 12th. Thousands of containers were crushed, showing scale of destruction.

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The Tianjin explosions were so massive they could be seen from space, according to satellite photos released by the Japan meteorological agency. The force of the blast also prompted alarm at China’s National Earthquake Network.

Thousands of people have been left homeless, with 6,000 people expected to spend the night in emergency shelters. Witnesses described residents near the site fleeing their homes – some dressed only in their underwear.

The scene of devastation made the neighborhood around the plant look like Hiroshima or Nagasaki after the nuclear blast. Here are now also some photos of the Tianjin destruction from the ground level.

Tianjin plant explosion 8-12-15 Tianjin 8-12-15 Plant-explostion 8-12-15

UPDATE Aug 16, 2015: The Tianjin death toll climbed to 112 on Sunday as teams scrambled to clear dangerous chemical contamination. In addition, about 1,000 firefighters responded to the disaster, and 85 of them remained unaccounted for on Sunday.


A global solution to the pollution problem is not exporting death and disease from developed countries to the poorer ones, but eliminating the industries that pollute the environment from the face of the earth.

A tall order, I know, given that Greed is what drives the ruling elites who own and benefit from such industries. But what choice do we have if we want to preserve life on this planet?

Which means we must first remove or neutralize the New World Order elites, and then start to build a global society based not on Greed and Division, but on Compassion and Empathy for all sentient and inanimate beings on planet Earth.

Or else, we will all perish together. Yes, the elites, too.

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Free Trade Costs American Jobs

NEWSWEEK MAY 18, 2015 – BY

In 2011, President Obama claimed that the Korea-U.S. free trade agreement (KORUS) would “support 70,000 American jobs” because the agreement would “increase exports of American goods by $10 billion to $11 billion.

He failed to say anything about rising imports, which will put Americans out of work. Looking only at exports is like counting only the runs by the home team. It might make you feel good, but it doesn’t tell you the outcome of the game—it doesn’t tell you whether your team won or lost.

Since KORUS took effect in 2012, exports to Korea have increased by less than $1 billion. Meanwhile, U.S. imports have surged more than $12 billion, resulting in a net loss of 75,000 U.S. jobs.

Similarly, Bill Clinton claimed that NAFTA would create 200,000 jobs in its first two years and a million jobs in five years. Instead, between 1993 (before NAFTA) and 2013, the U.S. trade deficit with Mexico and Canada increased from $17 billion to $177.2 billion, displacing more than 850,000 U.S. jobs.

And then there’s Permanent Normal Trade Relations with China and China’s admission to the World Trade Organization (WTO), which led to an explosion of imports and the loss of more than 3 million jobs, mostly in manufacturing and mostly in occupations that paid more than the jobs created in exports industries, and much more than jobs in non-traded industries.

Screen Shot 2015-08-15 at 8.21.33 AM

While trade and investment deals have eliminated millions of good jobs, that’s only the most visible part of their corrosive effect on working Americans. Growing trade with low-wage countries has also driven down the wages of most American workers, especially those without college degrees.

My colleague Josh Bivens has shown that expanded trade with low-wage countries has reduced the annual wages of a typical worker by $1,800 per year. Given that there are roughly 100 million non-college-educated workers in the U.S. economy (about 70 percent of the labor force), the scale of wage losses suffered by this group translates to roughly $180 billion.

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Also see…


Luckily for Economists, Nobody Remembers Long-term Trends after 20 Years… Well, Almost Nobody

Back in 1994, The Economist and the World Bank issued a 25-year forecast for the world’s leading economies. This led to a special report, “Indo-China” to Gain Power in Next Quarter Century?  Europeans to End Up Biggest Losers? Re-fusion of Arts & Sciences Should Help
(Nov 1994).

Who Will Be the Next China and India?

The report became a seminal milestones for some of the longest-lasting trends in the 1260_m_leonardo_da_vinci_self_portraitworld and the IT industry. Perhaps its most important prediction was that there is going to be a re-fusion of arts and sciences, returning Man back to Da Vinci’s renaissance era.

That, of course, had nothing to do whatsoever with the Economist/World Bank 1994 forecast of winners and losers over the next 25 years. Except to point out the deficiencies and inadequacies of long-term predictions that do not take into account new trends that may shape and change the world.

So a dull and ultimately wrong forecast inspired an enlightened one.

The second problem with long-term forecasts is that nobody remembers them by the time they are supposed to come true. Lucky for those who were wrong. Rescued by the oblivion. Except we won’t let them, will we, get off so easy? Which is why I thought I’d start the analysis of the latest Economist long-term forecast by checking to see how they did with their 1994 effort.

Flawed Forecast 21 Years Ago

And I am afraid, perhaps unsurprisingly, not so good. Take a look at this chart. It was part of my Nov 1994 report “End of Western Dominance?”

1994-2020 forecast

The blue and yellow bars, which I added today, show what actually happened. The red bars, of course, represent the 1994 forecast. The U.S. economy, in the above chart, is depicted as a base/reference point, and thus shown as zero.

China GDP 1992-2014Generally, the 1994 forecasters tended to be too 20110131_ASC001optimistic. Only India exceeded their expectations. China came close. But even China fell short of meeting their expected rate of growth.

Furthermore, China’s growth has slowed considerably in the last few years (right), while India’s is coming on strong (left).

Latest Economist’s Forecast Is Already Obsolete

China Has Already Surpassed the U.S. as World’s Largest Economy in Terms of Purchasing Power

Fast-forwarding now to the latest Economist long-term forecast, released today, China will supposedly surpass the U.S. as the world’s largest economy by 2026.

2014-2050 forecast

And India won’t be far behind. Indonesia and Mexico are expected to be two other rising stars if the current globalist world unfolds according to plan.

755x285_fill_brics1Alas, that never happens. There are always unforeseen disruptions… political as well as technological that end up being flies in the ointment of economists’ forecasts. So feel free to ignore the latest Economist forecast. Those who did likewise back in 1994 would have done better than those who followed them.


Perhaps the biggest new factor at the moment is BRICS – an economic and political alliance of Brazil, Russia, India, China and South Africa which is already challenging the U.S. global political and economic domination.

Screen Shot 2015-06-23 at 12.21.25 PM

BRICS 4 of 7 top countriesIf you take a look at the above chart, which depicts the world’s largest economies at the present time (2015), you will find that 3 of the top 8 countries are BRICS (left chart).

But when you consider the top countries by their purchasing power (right chart), you will see that 4 of the top 7 are BRICS.  In other words, the majority.

And you will also note that China has ALREADY SURPASSED the U.S. in this category as the world’s No. 1 economy, with India, another BRICS country, in the third place, right behind the U.S., but ahead of Japan and Germany.

In other words, the American global leadership is already crumbling.

ScreenShot 2015-06-23 at 12.22.04 PMSo the world won’t have to wait till 2026 or beyond to see China and the BRICS countries overtake America and its western minions, as The Economist forecast would have us believe.

As for the real GDP growth, only India, China and the Philippines, are among the top 20 countries in the world. The rest are all smaller African or Asian economies (left chart). No western country is even among the top 30.

Nearly 21 years ago, my long-term forecast was titled “End of Western Dominance?” Now that that has come to pass, the question for the next two decades will be who will be the next China and India?

Guess that chart should give us an idea where the multinationals are now putting their money hoping for growth which is eluding them in the developed world, and the former developing stars.

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Long-term macroeconomic forecast: Key trends to 2050

A new report from The Economist Intelligence Unit examines some of the big economic issues that will shape global business around the world in the coming decades. Read the full report for more.


In the 1990s, when the term BRIC first became ubiquitous during the post-Cold War expansion of the West into places like China, India, Brazil, and to a lesser extent even into Russia, those nations were regarded by Wall Street investors as “developing countries.” No more. Now that they have built up financial muscle of their own, these countries are also seeking greater political influence in the world.

2013_BRICS_logo 0_140549131601_news



New EU-flag

EU: Unworkable, Unwieldy, Unpopular…

And Outdated, Because It Is Based on Obsolete Industrial Era Principles

It was on April 19, 1995, over 20 years ago now, that I published an editorial about the merits of the “United States of Europe.” I called it “Eurotopia” (not my original term).

It was an idea advanced by two professors – C. Northcote Parkinson of Britain (1970s) and Prof A.H. Heineken of the Netherlands (early 1990s). And based on research by the Austrian sociologist Leopold Kohr from the 1950s.

Quite a European professorial trio, wouldn’t you say? Their work spread over four decades.

And no, Prof Parkinson has no connection with the infamous deadly disease, nor does Prof Heineken with the famous Dutch beer. At least not as fas as I know anyway. 🙂

Here’s premise of that theory.. in a nutshell:

It is always bigness, and only bigness, which is the 3344532-9319612342-Davidproblem of existence – social, as well as physical.” Prof Kohr concluded. So we must “cut down the substances and organisms which have outgrown their natural limits.”(Leopold Kohr, 1957)

Three years earlier, without being aware of the foregoing, I argued the very same point with the then chairman of EDS, Les Alberthal. I urged him to break up his company. Because EDS, then the largest IT services company in the world, started by Ross Perot in the 1960, was becoming “Unworkable, Unwieldy, Unpopular…” – to borrow the adjectives from this report’s title. Much like the EU today.

amoeba-diagram“Bigness in business has become a liability rather than an advantage,” I said. I compared a successful modern (1992) services business enterprise to an amoeba – which splits up before becoming too big (and, therefore, inefficient).

Alberthal tried to break up the company but was eventually replaced by other industrial centrists. So EDS bit the dust. The company was swallowed up eventually by HP in 2008, another industrial era dinosaur now on its way to extinction.

That – is what also lies ahead for the European Union, another industrial era top-down creation. Another dinosaur.

Death of Democracy

The EU’s demise will be accelerated by the way it obliterated a democratic choice by one of its members. Over 61% of Greeks voted on July 12 to reject the proposal-ultimatum put to the by the EU and global bankers. Yet a week later, the Greek government which urged the voters to reject the deal capitulated under the EU bankers’ and politicians’ pressure and sold out their country into financial slavery.

Pensioners in Greece Betrayed

Things didn’t used to be that way in Europe. Before the EU was imposed on the continent by the multinational corporations, people’s decisions were respected. In 1972 and in 1994 Norway’s government, for example, tried to join the EU. Both times, Iceland-Norway not in EUthe Norwegians said NO to the deal. The government hasn’t brought up the issue since.

Ditto in Iceland. Its government applied for the EU membership in 2009 only to withdraw from the negotiations with the EU officials earlier this year. The Icelanders and the Norwegians saw the same warning light as the Greeks. They did not want to become financial slaves of the New World Order.

By the way, Norway ranks as the No. 1 country in the world in terms of human development and standard of living. Iceland is No. 13. Greece is No. 29 – out of 198 countries analyzed in this ranking. 

So it pays to be wise and well educated. For, “if you lie down with dogs, you get up with flees.”

Troikas then and now

Alas, the Greeks had already tied a golden noose around their collective necks when they took the EU and IMF money. Too late now to try to get out. The heavy “Troika” boot was already on their necks. And is now pressing down even harder.

“United Stated of Europe”

So what might have saved Europe from the inevitable collapse under the centrist EU government?

Over 20 years ago, I wrote this:

“So is there a way out of our current foreign policy quagmire in Europe? Is there also a solution to increased strife world over? Yes, there is:

Prof. Heineken proposed a “United States of Europe.”us of eur.jpg (29786 bytes)

According to his plan, Europe’s 350 million inhabitants would live in 75 independent states, each with a population of about five to 10 million.

I wrote that in April 1995 when the EU consisted of 11 countries. Now the EU has the population of 507 million and counts 28 countries among its members.

Prof. Heineken pointed out that the German or Italian states, for example, never existed before the second half of the 19th century. In other words, they are younger than even the U.S.!

Did you know that? Bet your teachers never mentioned that when they talked of Europe as the Old Continent and of America as the New World.

Furthermore, at the time of the French revolution (1789), the majority of the population in that country did not even speak French. And they certainly were “not able to sing the ‘Marseillaise,’ the newly-minted national anthem,” argues Prof. Heineken. It was only at the end of the 19th century that the French peasants morphed into “Frenchmen.” Before then, they were people who hailed from various provinces in the country we now call France.”

In other words, the whole notion of statehood and nationality is an industrial era invention. It is not natural! And it cannot last in its present form!

“Yet, the main reason that the Heineken proposal would not work is because it runs against another law of nature – the survival of the fittest, which Charles Darwin so eloquently explained – also in the last century.”

“Why would Europe’s most powerful countries, such as Germany, France, Britain or Italy, for example, volunteer to be split up into five or more weaker entities? Can you really see the Greeks giving up their northern territories to a new state called Macedonia, after having kicked so much fuss over the mere use of the name by the former Yugoslav republic? What are the chances of the “incorrigible Serbs” ceding Kosovo, the cradle of their civilization, to Albania, while leaving their Western Serb brethren in belligerent states called Croatia and Bosnia? Why would the Romanian leaders agree to have their country broken up into three pieces while seeing that Hungary, remains intact?”

As the Serbian general, Ratko Mladic once told me during the Bosnian war, “borders are drawn in blood,” i.e., not by some academicians’ or diplomats’ pens.

Balkans, political map
Balkans, political map

And so, thanks to NATO’s military intervention, Bosnia was split up into a separate country. Ditto re. Kosovo. Montenegro split up from Serbia under foreign political pressures on its quisling government.

So yes, the new borders were mostly written in blood (right). And yet they look amazingly similar to the Eurotopia map Prof Heineken produced (above left).

Back to my 1995 piece…

“So, Heineken’s ideas were not perfect. To his credit, even the author called them “a Eurotopia?” (i.e., a European utopia). But there is no question that such a Europe, with its borders modified in blood or otherwise to correct some of the above anomalies, would be a safer place than is the current “Old Continent.”

“It may be wiser to accept these developments (toward decentralization and independence) than to work against them,” suggested Prof. Heineken.

Alas, nobody in the EU heeded his advice. The bankers and multinationals won the day. And off to future wars Europe goes.

Here’s how I finished that 1995 piece:

“It would take an event of cataclysmic proportion, such as another world war, to force the formerly dominant species to cede some power to the weaker ones. And, as Darwin would have probably agreed, they would do it out of fear, not as a charity gesture.

“If the above analysis proves accurate, it would probably spell the end of the world as we know it. But not the end of the world.

For, did you ever observe what happens after a fire or an avalanche had wreaked havoc in a forest? What follows is – life! And it is a life richer and fuller than the one which the cataclysm had destroyed.”

Largest States Population EU- Population

* * *



United States vs. Greek Debt: Talk about a pot calling a kettle black

Screen Shot 2015-07-09 at 7.55.27 AM

Worse, our U.S. debt is growing much faster than incomes… (also see TWO AND A HALF CENTURIES OF TAX OPPRESSION IN AMERICA, APRIL 20, 2015).

national-debt-per-capita serve US-Government-Debt-Exceeds-Entire-Euro-Zone-and-UK-Combined-Graph

Which means, “the harder we work, the ‘behinder’ we get.”

Similarly, the national debt per capita of some other European countries that are hurling stones at the poor Greeks, like Italy for example, is also worse than Greece’s (about $49,000 vs. $34,000 per capita). World debt 7-09-15l

As for the total world debt, it is a staggering figure. Take a look…

* * *

For more, see…


11666212_10153411883998490_3990176019431851562_n Betrayed 7-13-15


No Surprise There: Brussels 2015 Like Versailles 1919?

One week ago today, the Greeks were celebrating the power of democracy. On July 5, the OXI (NO) voters sent a resounding message to the global and European bankers’ ultimatums. They won the referendum 61% to 39%.

The next day, July 6, the Greek prime minister Alexis Tsipras signaled that he was already preparing the ground for betrayal of the voters who brought him to power. He dumped his finance minister Yanis Varoufakis, the man who ferociously defended the Greek sovereignty against the international banker cartel and their political stooges.

The same day, I figured the Greeks were done for. I put that in writing in the July 10 Truth in Media editorial QUO VADIS, GREECE? (Where to, Greece?).

Screen Shot 2015-07-13 at 7.51.49 AM Screen Shot 2015-07-12 at 8.11.46 PMWell, today, July 13, that has become a fact. Tsipras and his new Oxford-educated finance minister have surrendered Greece’s fiscal sovereignty to the international bankers and their EU lackeys.  They have submitted to draconian economic reforms that the Greek people had rejected in a referendum barely a week before. 

New “Versailles Treaty?”

Echoing widespread views on social media, one financial analyst claimed the deal was worse than the 1919 Treaty of Versailles that crushed Weimar Germany with debt and paved the way for Hitler and World War II.

Marc Ostwald, of ADM Investor Services, argued that the eurozone creditor countries wanted “to completely destroy Greece”.

Except that Greece was not the enemy of the European Union. It is a full-fledged member of it. But with friends like that, the Greek people should now ask themselves, who needs enemies?

old-beggarThis writer said a month ago that USURY & TREATIES BASED ON HUMILIATION DON’T WORK.

“This has nothing to do with economics. It has nothing to do with putting Greece back on the rails towards recovery,” former finance minister Varoufakis told Australia’s public broadcaster, the ABC, on Monday.

Yanis Greek FM“This is a new Versailles treaty that is haunting Europe again, and the prime minister [Alexis Tsipras] knows it. He knows he’s damned if he does and he’s damned if he doesn’t.”

Varoufakis (left) also said he “jumped more than he was pushed” when he resigned from the ministry.

Prime minister Alexis Tsipras “didn’t have what it took, sentimentally, emotionally, at that moment, to carry that no vote to Europe and use it as a weapon,” said Varoufakis.

In other words, Tsipras is a wuss. Which does not bode well for his political future even as an EU doormat.


In return for a bailout plan that could be worth up to €86B ($95B), Greece has promised to pass laws introducing controversial economic reforms by Wednesday. These include reforming the VAT system, overhauling pensions and signing up to plans that ensure immediate spending cuts in the event of breaching creditor-mandated budget targets.

Tsipras and Tsakalatos have also agreed to sell off state assets worth €50B, with the proceeds earmarked for a trust fund supervised by its creditors. Half the fund will be used to recapitalize Greek banks, while the remaining €25B will pay down Greek debts.

For more, see…

Pensioners in Greece Betrayed

In another humiliating climbdown, Athens could be forced to reverse measures it passed upon assuming power that are deemed to run counter to the bailout philosophy. 

Paul Krugman, the Nobel-prize winning economist and prominent critic of austerity in Greece, said the creditors’ demands on Greece “went beyond harsh into pure vindictiveness, [leading to the] complete destruction of national sovereignty [with] no hope of relief”.

“It’s a grotesque betrayal of everything the European project was supposed to stand for,” he wrote several hours before the final deal emerged. 

ECB Germany 1370 and 2015“I can’t support a Europe that acts as a thuggy bailiff against Greece #Thisisacoup,” tweeted Suzanne Moore, a columnist for Britain’s Guardian newspaper.

“The world is watching what is being done to Greece in the name of euro stability,” she wrote in her today’s column. “It sees a nation stripped of its dignity, its sovereignty, its future.”

Not content with taking away Greece’s financial sovereignty, the three institutions – the European Commission, International Monetary Fund and European Central Bank – have also asked Athens to come up with a plan to “de-politicize” its civil service by next Monday.

Which means they are trying to strip away Greece’s political sovereignty, too.

“The euro family has been exposed as a loan-sharking conglomerate that cares nothing for democracy,” writes Moore. “This family is abusive. This ‘bailout’, which will be sold as being a cruel-to-be-kind deal is nothing of the sort. It is simply being cruel to be cruel.”

8782820When the banks are in trouble, the governments forgive the debt (e.g. US 2008 bailout). When a government (country) is in trouble, the banks bring out enforcers with baseball bats (Greece 2015 bailout).

That’s about the gist of it.

The main reason the bankers were so harsh with Greece is because they want to make it an example of what happens with a bad debtor. It’s like the Mafia or loan sharks kneecapping or cutting off fingers of a someone who owes them money but can’t pay.

That’s so no other countries in a similar or worse position than Greece would even think of walking away from their debts (Spain, Italy and yes, even the U.S., by the way – our debt per capita is 66% higher than Greece’s!).

The more things change, the more they stay the same (Jean-Baptiste Alphonse Karr, 1808-1890)

History Repeating Itself

It never feels good to be right when predicting someone’s betrayal. Unfortunately, I’ve been there before.

It did not feel good, either, when I predicted in July 1990 that the then widely popular Serbian president Slobodan Milosevic would eventually betray his people. It took a few years. But by 1994, in the midst of the Bosnian war, that became clear for all to see.

NATO-UNThat’s when Milosevic imposed an embargo on the Bosnian Serbs, whom he had set up in power in the first place. Milosevic was hoping to appease and earn some brownie points from the international thugs who incited the Balkan wars in the first place.1280px-DaytonAgreement

And Milosevic did it again in Dayton in November 1995. The Dayton Accords paved the way for NATO to occupy Bosnia under the guise of a peacekeeping force.

All the former Serbian president got in return was scorn and imprisonment at the Hague War Crimes Tribunal, where he eventually died in 2006 under suspicious circumstances, allegedly of a heart ailment (see “Put the UN Justice on Trial: Who Says There Is No Death Penalty at the Hague?,” March 2006).


The political, and sometimes physical, life span of an appeaser is rather short. That’s certainly one of the lessons we can learn from history.

Another is that USURY AND TREATIES BASED ON HUMILIATION DON’T WORK (JUNE 13, 2015), as this writer put it in an editorial exactly one month ago. The Versailles Treaty is a case in point.

So what can we expect will happen now in Greece?

One cannot see how the Tsipras government can survive such a colossal betrayal and turn-about-face. The only question is will they go in peace or violently? Screen Shot 2015-07-12 at 11.29.19 AM

Either way, someone even more radical is likely to replace them. And if so, how will then the bankers and the European Union react? Send the troops to occupy the country as Hitler did?

Or, as is more likely, will the European Union itself split up along the North-South continental divide which the all-night negotiating session in Brussels revealed on July 12-13?

Either way, the Greek tragedy isn’t over yet. We are in for more interesting times ahead, I am afraid.

* * *

UPDATE, JULY 14, 2015


Greek civil service workers have announced a 24-hour strike in the wake of today’s bailout deal amid insider claims that Prime Minister Alexis Tsipras was ‘crucified’ during marathon overnight talks.

Greeks have reacted to the news of the bailout deal with fury, saying the tough reforms agreed to by their Prime Minister condemned the country to ‘misery, humiliation and slavery’.

Following lengthy overnight talks between 19 eurozone leaders, Greece caved in and accepted a range of reforms to secure a deal worth up to €86 billion – the country’s third bailout in five years.

Athens Syriza flag burning  2A7E776800000578-3157801-image-m-20_1436787666288 German tanks in Athens

 The hard left Athens leader – who was elected on an anti-austerity platform – faced an immediate backlash over the deal, with many Greeks furious at Tsipras’ reluctantly accepting even tougher reforms than those categorically rejected by citizens at last week’s bailout referendum.

Some have already taken to social media using #thisisacoup to decry the terms of the deal, with many attacking the creditors terms as unfair. Users even accused Germany of ‘destroying Europe once again’, adding they ‘could not do it with tanks so now they try it with banks’.

Haralambos Rouliskos, a 60-year-old economist who was out walking in Athens, described the deal as ‘misery, humiliation and slavery’.

Katerina Katsaba, a 52-year-old working for a pharmaceutical company, said: ‘I am not in favour of this deal. I know they [the eurozone creditors] are trying to blackmail us.’

Another woman burned the flag of Tsipras’ ruling Syria party as journalists took pictures.

Read more:

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Also see…

QUO VADIS, GREECE? (Where to, Greece?)

QUO VADIS, GREECE? (Where to, Greece?)



karmic-debt-header1So what is likely to happen after Sunday (July 12), the latest deadline the EU set for Greece to accept its ultimatums or leave the eurozone?

Ideally, Greece should take and follow the advice Nigel Farage, the leader of the UK Independent Party, gave Alexis Tsipras on July 8 in a speech at the European Parliament,

Screen Shot 2015-07-08 at 10.01.40 AM Screen Shot 2015-07-08 at 10.12.29 AM

[Addressing Alexis Tsipras, the Greek PM how was in attendance]

“If you’ve got the courage, you should lead the Greek people out of the eurozone with your head held high.  Yes, it will be tough for the first few months. But with devalued currency, and with friends of Greece all over the world, you will recover.” (see

How likely is that to happen?

Not very, in this writer’s opinion. At least not on Sunday, the D-day for the European Union and its bankers to make a decision about Greece’s staying or leaving.

My money is on Tsipras (the Greek PM) cavingScreenShot 2015-07-08 at 9.53.36 AM in. He signaled as much a few days ago when he delivered the head of his flamboyant and outspoken finance minister, Yanis Varoufakis, to Angela Merkel and other European banking henchmen the day after the victorious (!) July 5 referendum.

“I shall wear the creditors’ loathing with pride” (Greek Former Finance Minister)

Yanis Greek FMLest we forget, it was Varoufakis (left) who captured the Greeks’ imagination and hearts when he said on the eve of the vote, that what the global and European bankers “what they’re doing with Greece has a name — terrorism. What Brussels and the ‘troika’ (ECB, IMF and EU) want today is for the yes (vote) to win so they could humiliate the Greek.” (see Financial Terrorism, July 5).

Over 61% of his countrymen agreed and voted NO on Sunday, July 5,  only to see their fiery finance minister unceremoniously dumped the next day by Tsipras, like some sort of excess baggage.


To appease the bankers “troika” he had criticized (ECB, IMF and EU).

The iconoclastic Varoufakis, who is seen here riding his motorcycle Screen Shot 2015-07-06 at 8.22.41 AMwith his wife after from the government offices after being told by Tsipras his services would no longer be required, had this to say about what had transpired:

“Soon after the announcement of the referendum results, I was made aware of a certain preference by some Eurogroup participants, and assorted ‘partners’, for my… ‘absence’ from its meetings; an idea that the Prime Minister judged to be potentially helpful to him in reaching an agreement. For this reason I am leaving the Ministry of Finance today.”

“I shall wear the creditors’ loathing with pride.”

p34841_p_v7_aaStabbed in the back after delivering victory to Tsipras and his party, The Greek version of “Motorcycle Diaries” (a 2004 Che Guevara biopic).

Almost immediately, Tsipras named Euclid Tsakalotos as the new finance minister.

An Oxford-educated economist, Tsakalotos has much in common with the political elite of Westminster, having attended St Paul’s school, before going on to read politics, philosophy and economics (PPE) as an undergraduate. He later completed his PhD in economics at Oxford in 1989.

The 55-year-old, who was born in Rotterdam, has served as the chief economic spokesman and effective shadow finance minister for the Syriza-led government. One can easily see how a man like that would be preferred by the bankers and northern EU politicians. Almost like one of their own.

So Varoufakis was a sacrificial lamb.  It was the Greek PM’s message to the European lenders that he is ready to bend and genuflect to them despite the NO vote.  And give them another man they could “negotiate” with.

If Tsipras really intended to lead his country out of the eurozone, would he bending over backwards like this to appease the bankers?carpetbagger-and-scalawag

Tsipras’ comments in Brussels during the following days were also conciliatory even when he was being attacked by the northern Europeans.

In the end, if Tsipras does go against the Greek popular vote and bows to the “carpetbaggers and scalawags” of Europe at the EU meeting on Sunday, he will have squandered the enormous political capital which he and his party had accumulated during the first five months in office.

Will his countrymen accept defeat? That’s a big question. What is likely to follow in Greece is quite unpredictable. A prolonged agony, slow motion “Grecit?” A popular revolt? Coup d’etat? New elections?

Who knows… None of it will be good for Greece.

The volatile situation is not unlike that in Belgrade in March 1941. That’s when the Yugoslav government signed a neutrality pact with Hitler hoping to avert the war. It backfired.demonstracije_27-mart-19411

The deal lasted less than two days. On March 27, 1941,  the Yugoslav government was toppled after massive street demonstrations against the pact with Hitler (see ON THIS DAY IN HISTORY: “BOLJE RAT NEGO PAKT” (Better war than pact), MARCH 27, 2014).

Ten days later, Hitler attacked Yugoslavia by bombing Belgrade on Easter Sunday without a declaration of war.  So the appeasers got neither the peace nor power. The government had to flee the country, including the king.

“An appeaser is one who feeds a crocodile, hoping it will eat him last.” – (Winston Churchill)

If Tsipras does lead his country out of the eurozone, however, then a new dawn for Greece and perhaps mankind may follow (see GREECE SAYS “OXI” (N€IN-NO) TO EURO/GLOBAL BANKSTERS… NOW WHAT?, July 5). That, however, is a less likely outcome on Sunday, unless they get booted out of the EU and have no choice but to leave.

Either way, “we live in exciting times.” Which is a Chinese curse.

* * *

UPDATE, JULY 10, 2015


This article had been written over a two-day period July 8-9. This morning, July 10, I learned of the new proposals by the Greek government which seem to acquiesce to the creditors demands for cutbacks and austerity measures which the Greeks had previously rejected (for details of Tsipras’ surrender, click here).

This is a sad day for Greek democracy. Less five days after receiving a resounding “NO” vote in last Sunday’s referendum, the Tsipras government reversed itself and sold out the Greek people, especially the pensioners, into deeper usury and slavery.

As you can see from this editorial, sadly, this is what this writer had been expecting. This is one of those occasions when all I can say is “wish I were wrong.” For the sake of Greece. For the sake of freedom in the world.

Synchronicity: Unbridled capitalism is the ‘dung of the devil’, says Pope Francis

Pope Francis7-10-15In an unusual twist of events and synchronicity, at about the same time as Tsipras was betraying his people and caving in to the bankers’ demands, Pope Francis was urging the downtrodden to change the world economic order, denouncing a “new colonialism” by agencies that impose austerity programs and calling for the poor to have the “sacred rights” of labor, lodging and land (see Unbridled capitalism is the ‘dung of the devil’, says Pope Francis, July 10).

imagesIn one of the longest, most passionate and sweeping speeches of his pontificate delivered in the city of Santa Cruz, Bolivia, the Pontiff also asked forgiveness for the sins committed by the Roman Catholic church in its treatment of native Americans during what he called the “so-called conquest of America”.

What interesting times we live in, indeed! Who could have ever imagined that some day, we would see the Pope and Che Guevara on the same page of the political map of the world.

Divine synchronicity! Just beautiful…


You saw in my earlier comment an example of Divine Synchronicity between Pope Francis remarks and the Greek PM’s betrayal of his people. Also, that the Pope and Che Guevara, a famous revolutionary, are both Argentinians who now find themselves on the same political page.

p34841_p_v7_aaThere was a third example of Divine Synchronicity. Screen Shot 2015-07-06 at 8.22.41 AMAt the time I was writing my “Quo Vadis, Greece” editorial, which I finished last night, I did not even know that the Pope was in South America, much less what he would be saying the next day.

Yet in the part of the editorial dealing with Tsipras’ firing of his motorcycle-riding finance minister, Yanis Varoufakis, I made a reference to it being a page out of the “Greek Motorcycle Diaries” (a reference to the famous book and 2004 movie of the same title about the life of Che Guevara).

Divine synchronicity, part III.

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We are all slaves to the global banker’s usury (also see USURY AND TREATIES BASED ON HUMILIATION DON’T WORK, JUNE 13, 2015 ).


Greece Can Easily Get Funding From BRICS Bank: Russia

BRICS Annual Summit Opens Today in Russian City of Ufa and Greece Is Likely to Be on the Agenda

b083fe9fe6d81706a27402 Screen Shot 2015-07-08 at 7.26.17 PM

In response to an article in the London’s Financial Times almost a month ago (June 13), this writer said among other things:89d2eb35-de7c-4179-ae4d-3a1f6ff5a600-620x372

What if Greece decided it has had enough of the pompous grandstanding by the EU and its global banker masters? What if Greece decided to chuck the euro and throw its lot with Russia (and China, and India, and Brazil and South Africa – the BRICS countries). (This would split the EU and NATO like a wedge – see the maps).

Well, it did not take long for that to become a reality. European and global bankers continue to treat Greece like a naughty stepchild of Europe, laying down one ultimatum after another, despite an overwhelming democratic vote by the Greek people last Sunday which rejected them.

With their arrogant attitude, Germany and other northern European countries are practically pushing Greece out of the eurozone without heeding the awesome geopolitical ramifications such a move would have. Because Greece would become a wedge that would split not just the EU, but potentially also NATO.

Russian President Vladimir Putin, right, and Greek Prime Minister Alexis Tsipras speak at an economic forum in St. Petersburg, Russia, Friday, June 19, 2015. Russia is willing to consider giving financial aid to Greece, a Russian government official said Friday ahead of talks between the leaders of the two countries. (Mikhail Klimentyev/RIA-Novosti, Kremlin Pool Photo via AP)
Russian President Vladimir Putin, right, and Greek Prime Minister Alexis Tsipras speak at an economic forum in St. Petersburg, Russia, Friday, June 19, 2015. Russia is willing to consider giving financial aid to Greece, a Russian government official said Friday ahead of talks between the leaders of the two countries.

This has not been lost on Russia which has also been under the gun of economic sanctions imposed first my Washington and then also by the EU after the downing of the MH-17 flight over Ukraine.

On June 19, Greek prime minister Alexis Tsipras flew to Russia where he met with Russian president Putin on the sidelines of a conference in Saint Petersburg countries. And then right after that fateful referendum vote on Sunday, July 5, when the Greeks rejected the EU and IMF bankers’ ultimatums, Tsipras was again on the phone to Putin.


Because if Greece leaves or gets kicked out of the eurozone after the latest Sunday (July 12) ultimatum, Russia and its BRICS partners may be able to help.

Yesterday (July 7), Russian deputy finance minister Sergey Storchak said that Greece could get financing from BRICS if it buys a few shares of the its new development bank to become a member. Storchak said gaining BRICS membership should not be a problem for Greece.

Russian Finance Minister Anton Siluanov said Tuesday that the European Union and brics.financethe IMF should have acted sooner to solve the Greek debt crisis (see BRICS kick starts $100bn reserve currency pool, July 8)

All this means that Greece is likely to be on the agenda of the BRICS summit in the Russian city of Ufa which is due to begin in a few hours. The finance ministers have already started their meetings (on July 8).

As for the heads of state, besides the five BRICS members – Brazil, Russia, India, China and South Africa – Iran’s president Hasan Rouhani will be also attending. Which is all the more interesting because Iran and the U.S. are right now embroiled in supposedly final negotiations of a nuclear deal.

Modi Putin Screen Shot 2015-07-08 at 7.12.51 PM ScreenShot 2015-07-08 at 7.08.32 PM Screen Shot 2015-07-08 at 7.11.57 PM

Also see…


* * * Pensioners in Greece