Why the Greek Government Rejects a Grexit
Why the Greek government and Greek citizens recognize that a Grexit is a terrible idea for them.
Read more...Category Archives: Banking industry
The Card System, Demystified, and Implications for Re-Introducing Drachma
A detailed explainer on how card systems work and what the impact of a drachma re-introduction would be for them.
Read more...Don Quijones: Wikileaks Exposes How TISA Will Gut Financial Regulations All Over the World
Describes the many ways that the Trade in Services Agreement would make it virtually impossible to implement and strengthen financial regulations.
Read more...My Big Fat Greek Bank Black Hole: No Deposit Insurance
It’s hard to find an official who is comporting himself very well in the wake of the Tsipras surprise announcement of a referendum on July 5 for a then-defunct bailout offer.
Read more...BBC: ECB to Stop Emergency Support of Greek Banks on Monday; Bank Holiday Likely
The ECB has decided to lower the boom on Greece.
Read more...Tsipras’ Bailout Referendum Sham
At 1:00 AM in Athens on Saturday morning, Greek prime minister Alex Tsipras announced that Greece would hold a referendum on July 5 on whether to accept the terms provided by the creditors in order for Greece to obtain €7.2 billion in “bailout” funds as the final part of a loan package provided to Greece in 2012.
The bailout in fact expires on June 30. It is too late for Greek voters to have any say on the Greek government’s posture in the negotiations. So what was this ploy meant to achieve?
Read more...Who was Alexander Hamilton? Militarism, High Finance and Checking the Democracy.
Alexander Hamilton, often held up by liberals as the most admirable Founding Father, was not the man you probably thought he was.
Read more...The Bankruptcy of America’s Elites
Why America’s elites have failed.
Read more...Caymans Exposed: Tax Havens Lucrative for Big Finance, Leave Only Crumbs for Locals
Being a tax haven isn’t all it is cracked up to be.
Read more...Greece Bailout Deal Looks Even More Remote
Greece’s creditors made a remarkably harsh proposal after the ruling coalition crossed some of its red lines. Is this a plot to break the government?
Read more...What if the Euro Area Falls into Serious Deflation?
Why structural reforms will not ward off deflation in Europe.
Read more...View from the Past: Banks Preferred Lending to Businesses, Not Collateral
Why the rise of collateral-based lending has been bad for our economic health.
Read more...15 Ways Bill Clinton’s White House Failed America and the World
How Bill Clinton hurt the American middle class and US interests abroad
Read more...Scotland: the Moldovan Connection
How modest homes in some of Scotland’s poorest areas became prolific ‘company factories’, and how those companies were used in a giant Moldovan bank fraud
Read more...Greek Government Preparing Plans to Cross Red Lines to Avert Default
Greek government officials are preparing plans that would cross Syriza’s famed red lines in order to avert a default. Will Tsipras capitulate?
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