Before the Greek Debt Crisis Did Audiences Love the Movie “300”?

Does the Greek debt crisis show us how “bread and circuses” is still as accurate a description of how empires pacify the masses as ever? You remember the movie, “300,” right? It was an R-rated action movie celebrating a historic victory of 300 Spartans over the Persians. It was pretty gruesomely violent, so I’m not recommending it. A thought occurred to me yesterday as I read this NPR story: I’ll bet “300” was a popular movie in Greece. Even if not always as completely subsidized, Read more […]

Greek People Expect Greek Government to Represent Them

What happens when the Greek government sets policy according to the dictates of foreign creditors, not the wishes of Greek voters? The new left-wing government now has power in Greece for one reason only: they promised to end austerity. The entire point of democracy is that a nation’s people are sovereign. They vote for people who are supposed to represent their interests and make laws accordingly. But that is not what is happening in Greece because the concept of national sovereignty Read more […]

Barack Obama Lobbies for More Economic Damage

The President demands that we charge into more debt, as if that won’t produce more economic damage. I distinctly remember, when Barack Obama was campaigning for porkulous, that he said over and over we must spend more money in order to “stimulate” the economy. He made it clear that the only proper rational reaction to a recession was to increase the national debt in order to spend. Now that he is talking up the great economy, it turns out that there is, again, only one rational response Read more […]

Economic Plunge: Are You Psychologically Prepared?

Much talk of being prepared for economic hard times is aimed at people who have enough income to put aside some resources into stored food and other forms of preparation. Not everyone can do that (and it is hard to know how much is really enough). There is another kind of preparation that is almost as important and may be within reach of more people. It is especially important for men, I think. I am referring to psychological preparation. To see what I mean, here is a story from about Read more […]

So What Happens When Southern Europe “Boils Over”?

Mish posted a headline that raises the question: “Simmering In A Pot Of Misery.” His post includes a link to a new Gallup report: The scarcity of good jobs has been one of the most troubling aspects of the economic crisis facing southern Europe, particularly for younger people with little job experience. In 2013, nearly half of 15- to 29-year-olds in six southern European countries are underemployed – meaning they are either unemployed or working part time but wanting full-time work. Though Read more […]

Greeks Getting More Pressure To Let Foreign Governments Make Their Laws

The fog of misinformation never ends. From the Chicago Tribune: Inspectors from the EU and IMF have postponed a planned visit to Greece, officials told Reuters on Friday, a move that marks a new low in relations between the parties and could delay aid payments to Athens. The Greek government said it still expects differences with the troika to be bridged. The decision to postpone the visit may be an attempt by the European Central Bank, European Commission and International Monetary Fund – together Read more […]

Yellen Condemns Congress For Not Trusting Economically Stimulating Space Aliens

The Huffington Post loves it, of course: “Janet Yellen Shames Congress For Austerity, Being Terrible.” Right. We have a seventeen-plus-trillion-dollar debt because of austerity. It looks like Janet Yellen will have no problem tackling one of Ben Bernanke’s most important jobs: shaming Congress for ruining the economy. Yellen reminded lawmakers of their sheer terribleness during a Senate Banking Committee hearing on Thursday about her nomination to replace Bernanke as chair of the Federal Reserve Read more […]

Liberal Says Conservative Policies Driving People to Suicide

Thom Hartmann is the host of the nationally-syndicated radio show The Thom Hartmann Program. He is a liberal with a background in business. I suspect that as a child he would do or say outrageous things in order to get attention. He hasn’t stopped. On a recent radio show Hartmann described “the excesses of unregulated capitalism” as a “cancer” that needed to be stopped by government, this from a man who has made millions of dollars and is presently living off the “cancer of capitalism.” Hartmann’s Read more […]

The Word(s) of the Year

“Capitalism” and “socialism” have hit the big time—at least as far as Merriam-Webster is concerned. The two words share the honor of being the “Word of the Year,” meaning they were the most looked-up words of 2012. Last year’s Word of the Year was “austerity,” which goes to show how much politics influences web traffic. Even though “socialism” was searched for more often, the Merriam-Webster editors felt it was proper to make “capitalism” and “socialism” co-winners—rather Read more […]

Reporting the Obvious as “News”-Greece Is Not Bailed Out

Associated Press reported Sunday that European Central Bank Executive Board member Joerg Asmussen publicly admitted that the ECB, the World Bank, the IMF, and all sorts of other establishment bureaucrats have been lying about Greek debt in order to defraud the public. There is, in fact, no way to really bail out Greece, he now admits. In 2014 we will need a fresh supply of bailouts for 2015 and beyond. Ha ha. Just kidding. That didn’t happen. Or it did happen, but without being admitted. Read more […]