Greece economy coming unglued because of bailouts and massive amounts of debt. Greece tax evasion and big bailout.
The Greek economy has been under fire in recent months. The current rioting and outrage is due to the austerity measures being proposed by the IMF and also European countries particularly Germany. Now many members within the Euro object to the bailouts and the IMF, which is largely funded by the U.S. is now part [...]
The Synthetic Recovery – Wall Street banking success dependent on destroying the productive sectors of our economy.
I’m certain that many of you are taking a glimpse at the bread and circus Goldman Sachs hearings. At one point in the hearings, an attempt to define derivatives came up. Yet when the Goldman bankers tired explaining their derivative bets, it came out as contempt for the public and representatives. They rather not explain [...]
The 5 Percent Solution: How 5 Percent of the Workforce Generated 40 Percent of U.S. Business Profits and all of it was a Ponzi Scheme.
From 1948 to the early 1980s the financial industry in the U.S. generated from 5 to 15 percent of all U.S. business profits. In the early 1980s this started to creep higher and higher. It reached a triumphant climax generating over 40 percent of all U.S. profits at the height of our financial bubble. The [...]