Commodities, Resource and Freedom

Much has been spun in recent weeks to indicate that as a result of collapsing trade, Iran's economy is in shambles and that the financial embargo hoisted upon the country by the insolvent, pardon, developed world is working.

Three days ago we recoiled in terror at the stupidity of Greek leaders, when we learned that the Greek exchange offer would be deemed satisfactory if only 66% of bondholders accept it as valid, as it would mean an immediate abrogation of UK-law...

To be or not to be (in the Euro), that should be the question on the Greek people's minds and not whether 'tis nobler to suffer the slings (fiscal occupation) and arrows (sovereignty destruction) of an outraged 'fiscally fascist' Troika.

Submitted by Dimitrios Giannopoulos of athensnews.eu, as a follow up to his earlier piece, "OSI still holds up PSI deal"The Great ECB-OSI Bond-Swap ScamA massive 150bn euro bill exclusively reserved for the EU-IMF funding of the "official" (OSI)...

First they force now officially defaulted Greece to bailout European banks courtesy of a Greek funded Escrow package, then they make Greek pays for the privilege of having a job, then they send in German tax collectors, and finally they prepare to...

The FT's Peter Spiegel has scoped up some additional details from the 10 page debt sustainability analysis that is at the basis of the latest Greek bailout talks.

Mainstream media is desperately scrambling to fill copy with stories of collaboration, rescue, heroism, sacrifice, and altruism among the European leaders.

And so we are back to the same fiscal feudalism that Germany demanded, and the Greece refused weeks ago. We have been pondering the ECB bond swap 'news-story' and the market's reaction to this with incredulity.