The Phaserl


Greece Again Surrenders to Troika Bandits

by Stephen Lendmen, Market Oracle:

On Sunday, long-suffering Greeks suffered another body blow. Parliamentarians voted 153 to 143 for greater austerity than already, exclusively benefitting Western bankers and large investors, social justice entirely ignored.

A three day anti-austerity strike featured protests and sit-ins. Large parts of Greece’s economy were shut down, including transport, […]

E.U. CRUMBLES: Greece KICKED OUT of SCHENGEN Passport-free Zone over Migrant Crisis.

from MLordandGod:

Greece Government Preparing for Wealth Confiscation?

by Jeff Nielson, Sprott Money:

Governments and Central Banksters around the world have proven time and time again throughout history that they simply don’t get it. They don’t get economics, they don’t get finance and they are so far out of touch with everyday people on the street that they don’t get them […]

Greek Crisis That Was “Solved” Earlier Is Now An Issue Again

from The News Doctors:

When the Greek government announced its “agreement” with the European “Troika” this summer, in some quarters it was viewed more as a stop-gap measure, delaying the ultimate day of reckoning. That day may be approaching sooner rather than later.

As his shaky coalition is losing members, the Greek Prime Minister […]

Greece Style Collapse Coming to US with Hyperinflation – David Quintieri

from FutureMoneyTrends:


from Andrew Gavin Marshall:

From the outbreak of Europe’s debt crisis in 2010, Germany and the Troika institutions of the European Commission, European Central Bank and IMF have come to wield immense influence over the continent and the populations within it. This video examines the individuals and institutions of power in Europe.


Greece End Game & China dumps half trillion in treasuries

from Paul Sandhu:

The Greek drama that has been staged over the past several years has been done with the end goal of setting up a European government. French President Francois Hollande called on Sunday for the creation of a euro zone government and for citizens to renew their faith in the European project, […]

Varoufakis Explains Resignation; Discloses It Was Clear Syriza Was Going To Say “Yes” As Troika Forced Choice Between ‘Suicide Or Execution’

from The News Doctors:

In his first international television interview since stepping down from his post as Greek Finance Minister, Yanis Varoufakis told CNN‘s Christiane Amanpour on Monday that European lenders had forced his government to make a choice between “suicide or execution.”

After five months of rigorous negotiations, the outspoken Varoufakis stepped down […]

Gold Will Take Off Once Market Comes to Terms With Reality

from Peter Schiff:

Austerity Measures: Who Is Really Paying for the Bailout in Greece?

by Daisy Luther, The Organic Prepper:

Everyone knows that when you fall on hard times financially, you tighten your budget. But it’s one thing to go through and examine your own personal spending, making decisions where to cut and where to continue spending, and quite another to have someone personally unaffected by those cuts […]

Why Should I Care?

from Outsider Club:

Why does this international event (many to choose from) matter to me? So many investors have asked me that question over the past few weeks.

More specifically, the questions take this form: my portfolio is composed entirely of U.S. stocks, why should I care what happens in Greece or China?

It […]

The Greek Referendum: A big day for ALL of us.

by Jeff Nielson, Bullion Bulls:

Obviously, it is with a very heavy heart that I report that Greece’s new/legitimate government has caved-in to months and months of maximum political and economic pressure. While it is a sad ending(?), it is a highly predictable one, as I wrote in my first commentary on this subject […]

British Monarchy Imposes Policy of Genocide Against Greece

from LaRouchePAC:

LaRouche points directly to the British Monarchy, and Queen Elizabeth herself, as being responsible for the economic butchery being imposed on Greece today by her messengers, German Chancellor Angela Merkel and Finance Minister Wolfgang Schaeuble.

“That’s what the Queen’s late-June visit to Germany was all about, including her personal conversations with Merkel,” […]

‘Plan B’ Needed As Euro One Recession Away From Implosion – David McWilliams

from Gold Core:

McWilliams, who is among the best economics commentators from the only Anglophone nation in the euro – Ireland, warns that we only have a few months to plan an alternative to the disastrous consequences on peripheral nations of what he sees as German hegemony.

He describes the mismanagement of the euro […]

The ‘Greek Debt Deal’ Is Already Starting To Fall Apart

by Michael Snyder, The Economic Collapse Blog:

The “deal that was designed to fail” has already begun to unravel. The IMF, which was expected to provide a big chunk of the financing, has indicated that it may walk away from the deal unless Greece is granted extensive debt relief. This is something that the […]

Greek Debt Deal a Financial Coup – Rob Kirby

from USA Watchdog:

Macroeconomic analyst Rob Kirby thinks that everybody should take notice of what is happening with the Greek debt crisis drama.

Kirby contends, “What has occurred in Greece, make no mistake, it is a financial coup. It is not a bailout. It’s a takeover by force. The leader of Greece has […]

3 Big Reasons Why The ‘Greek Debt Deal’ Is Really A German Trap

by Michael Snyder, The Economic Collapse Blog:

Greece is saved? All over the planet, news headlines are boldly proclaiming that a “deal” has been reached which will give Greece the money that it needs and keep it in the eurozone. But as you will see below, this is not true at all. Yesterday, when […]