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The Shadow War Between the Banking Cabal & Global Alliance is Escalating

Phillip J. Watt | Waking Times

It’s been a wild couple of months in economics and geopolitics. We’ve seen chess moves that have changed the dynamics in global power for the positive of humanity, as well as those which are only barely maintaining the status structure.

It’s definitely reaching a do-or-die state of affairs for all involved.

As a contextual overview, there is a shadow war taking place. A western cabal, driven primarily by US and Israeli forces, have been in power for dozens of decades (you can read about it in depth here, as well as some but not all of the most powerful families here). Fortunately though, they are slowing losing grip on their monopoly of control.

There are many names for this power structure, including the deep state, cabal, globalists, elitists, banksters, Zionists and Illuminati, to name but a few. This elite cabal serve to destroy that which doesn’t align with their interests, which as you may have guessed is chaos. In addition, they might still have a successful psy-op campaign on the masses which is inducing some people further into their coma, yet this is disintegrating fast as they no longer dictate the perspective of alternative thinkers.

The reality is more and more truthseekers are breaking free.

They have so many names because they have so many fingers in so many pies, so it must be made clear that they’re the ones primarily controlling certain governmental action (including US national and foreign policy), the matrix-media and a high proportion of the global economic central and private banking systems.

They have many other layers and factions too. There are secret societies, corporate arms, patents on technological advances, legal mechanisms and political power, as well as a wealth of minions that blindly do their bidding. If only these puppets realized that obeying their perceived masters is at the long-term expense of both themselves and their families, they would stand up and be counted as those who oppose the bloody take-over of our planet.

That leads to the main goal of the cabal; global governance. Once they solidify an overarching legal, social, psychological and even spiritual framework for the worlds people, then their power will be untouchable. They will live on as ‘the men that united the world’, however the truth that wouldn’t reach the history books is that they desecrated, devalued and demonized so much of the cultural and natural wisdom that permeates humanity’s heart.

They are being challenged though. There are alliances that have formed between power brokers from both the West and East. This alliance, which I will call the Western-Eastern Development (WED), is the group engaged in a shadow war with the banksters. At times they are engaged directly, such as the fiasco of the Middle East, and at others indirectly, such as through the creation of new economic structures.

The WEDs are a force of some Eastern power brokers, as well as many people and interest groups in the West who are opposed to the Zionist and New World Order agendas. You can read a fantastic breakdown of some of their recent chess moves here and here.

Of course the new occupation of Syria by the Russian and soon-to-arrive Chinese military is a direct ‘fuck you’ to the cabal. After all, IS was funded and weaponized by them to oust Assad so that economic and political control could be further instituted throughout the Middle East. With a union formed there they hoped that the European and American unions, along with certain Eastern sell-outs, could combine for the successful implementation of a global governance.

Yet the tables appear to turning which is highly influenced by the energetic and consciousness shifts happening in our era. This may lead them to even more extreme measures, such as a false flag event which leads to WWIII with Russia, China, Iran and their affiliates. On the other hand, their next move might be an orchestrated global economic meltdown so that agreements such as the TPP, TiSA and TTIP, as well as the UN’s ‘The 2030 Agenda’, could come into instant, dramatic and full-blown effect.

It must be recognized at this point that the UN was created by these shadow puppeteers and that these trade agreements are designed as precursors to a one world government. For an objective critique of the trade agreements, read here, and for the UN agenda, read here.

Furthermore, the stories that the sleeping masses are told, and even our so-called leaders, are full of lies, manipulation and propaganda. We cannot afford to fall for this as a society any longer, otherwise we will continue to be complicit in an agenda that serves to immortalize the blood lines of these mentally ill people, at the expense of human culture, livelihood, health and life itself.

Now of course no power structure is free of corruption and greed, so the WEDs will need appropriate investigation too. Ideally it would be great if they all just came clean and was transparent with the masses so we could work out a team plan. But given the current players have shown what they’re truly worth, it\s clear that they’re not the world leaders we need for an inclusive, honorable, healthy, progressive, equal and united global culture.

Read the entire article here.




More Corporate Power Grabs: Make Your Voice Heard on TTIP & CETA

By Unattributed | Sum of US

Protest against TTIP and CETA in Berlin earlier this month. (Photo: Jakob Huber/ECI Stop TTIP!/flickr/cc)

Protest against TTIP and CETA in Berlin earlier this month. (Photo: Jakob Huber/ECI Stop TTIP!/flickr/cc)

Europe and North America are currently negotiating two trade deals that could turn out to be the biggest corporate power grabs in history — TTIP and CETA. The treaties read like a corporate wish-list: secret courts that can sue our governments, the removal of environmental and health regulation and the degradation of working standards.

The big losers of the deals: ordinary people, like you and me.

Hundreds of corporate lobbyists and government officials thought it would be easy to push this massive trade deal through. But we weren’t taking the biggest corporate power grabs in history laying down.

We teamed up with more than 450 partner organisations all across the European Union to form a self-organised, EU-wide citizens’ initiative ‘Stop TTIP’. With over 2.7 million signatures, we have become the largest European Citizens’ Initiative (ECI) ever. And now we are about to hand-deliver these millions of signatures to the European Commission.

Add your voice to the European Citizens’ Initiative against TTIP and CETA:

“We call on the institutions of the European Union and its member states to stop the negotiations with the USA on the Transatlantic Trade and Investment Partnership (TTIP) and not to ratify the Comprehensive Economic and Trade Agreement (CETA) with Canada.

[Read more here]

Originally entitled “Stop TTIP! Self-Organized Citizens’ Initiative Against TTIP and CETA”

More information:

Coalition website for the ECI Stop TTIP
‘Fast-track’ trade b

Bill passes US Senate and awaits Obama nod, BBC news, June 25th 2015

Robert O'Leary 150x150Robert O’Leary, JD BARA, has had an abiding interest in alternative health products & modalities since the early 1970’s & he has seen how they have made people go from lacking health to vibrant health. He became an attorney, singer-songwriter, martial artist & father along the way and brings that experience to his practice as a BioAcoustic Soundhealth Practitioner, under the tutelage of the award-winning founder of BioAcoustic Biology, Sharry Edwards, whose Institute of BioAcoustic Biology has now been serving clients for 30 years with a non-invasive & safe integrative modality that supports the body’s ability to self-heal using the power of the human voice. Robert brings this modality to serve clients in Greater Springfield (MA), New England & “virtually” the world, with his website, www.romayasoundhealthandbeauty.com. He can also be reached at romayasoundhealthandbeauty@gmail.com.




Russia to Pass a Law Formally Dumping the U.S. Dollar

Michael Snyder | HumansAreFree

Russian President Vladimir Putin has introduced legislation that would deal a tremendous blow to the U.S. dollar.

If Putin gets his way, and he almost certainly will, the U.S. dollar will be eliminated from trade between nations that belong to the Commonwealth of Independent States.

In addition to Russia, that list of countries includes Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Moldova, Tajikistan and Uzbekistan.

Obviously this would not mean “the death of the dollar”, but it would be a very significant step toward the end of the era of the absolute dominance of the U.S. dollar.

Most people don’t realize this, but more U.S. dollars are actually used outside of the United States than are used inside this country.

If the rest of the planet decides to stop accumulating dollars, using them to trade with one another, and loaning them back to us at ultra-low interest rates, we are going to be in for a world of hurt.

Unfortunately for us, it is only a matter of time until that happens.

When I first read the following excerpt from a recent RT article, I was absolutely stunned:

Russian President Vladimir Putin has drafted a bill that aims to eliminate the US dollar and the Euro from trade between CIS countries.

This means the creation of a single financial market between Russia, Armenia, Belarus, Kazakhstan, Kyrgyzstan, Tajikistan and other countries of the former Soviet Union.

“This would help expand the use of national currencies in foreign trade payments and financial services and thus create preconditions for greater liquidity of domestic currency markets”, said a statement from Kremlin.

For a long time, tensions have been building between the United States and Russia over Syria, Ukraine, the price of oil and a whole host of other issues.  But I didn’t anticipate that things would get to this level quite yet.  It is expected that Putin’s new bill will become law, and this is only one element of a much larger trend that is now developing.

You see, the truth is that Russia and China have both been dumping dollar-denominated assets for months.  The following comes from a recent piece by Mac Slavo:

“Last year Russia began unloading massive amounts of their US dollar reserves. In the month of December 2014 alone Putin sold some 20% of the country’s U.S. Treasurys, a move that further increased tensions surrounding what can only be described as economic warfare between East and West.

“Then, as if part of a coordinated effort, this summer it was revealed that China had implemented a similar strategy,dumping half a trillion in dollar denominated assets.

“But that’s just the beginning of the end for the US dollar. Amid a major meltdown in Chinese stock markets the People’s Republic sold off billions in dollar assets last week in what was reported to be an effort to stabilize their collapsing financial markets.

“And now, as Russia’s economy collapses under the weight of American and European sanctions, including what many believe to be widespread downward manipulation of oil prices, Vladimir Putin is sending a clear signal to the central bank of the world’s reserve currency.”

China has the second largest economy on the entire planet, and Russia has the tenth largest.  In recent years, these two superpowers have become much tighter.

 

Read the rest of the article here.




Trump Captures the Attention of Globalist Groups

By Jon Rappaport | No More Fake News

DonaldTrump-23231295_m-680x380

The powerful Globalist players at the Council on Foreign Relations, the Bilderberg Group, and the Trilateral Commission are certainly watching the presidential campaign of Donald Trump.

Trump has already made statements about immigration they find troubling. They may or may not be taking Trump’s presidential run seriously. They may or may not view him as an inconsequential blowhard, a shoot-from-the-hip cowboy who forgets today what he said yesterday—but today the New York Times has made reference to Trump in a way that will make these Globalist heavy hitters pause and blink while drinking their morning coffee (Here in “As Stock Market Plunges, Donald Trump Takes a Worldview” by Alan Rappeport):

“Mr. Trump has said that bad trade deals with China and Mexico are to blame for a sluggish American economy and weak job creation. He has promised to make ‘great’ deals with other countries to protect American workers and has threatened to raise taxes on imports to the United States to bolster domestic production.”

It’s the last part that rings alarm bells and shoots firecrackers into the sky:

“[Trump] has threatened to raise taxes on imports to the United States to bolster domestic production.”

Taxes on imports. Also known as tariffs.

Every significant trade-treaty negotiated since 1945 has been aimed at lowering or eliminating tariffs, in order to establish Globalist “free trade.”

Treaties like GATT, NAFTA, CAFTA, for example; as well as the current TPP and its cousins.

Free trade is code for: mega-corporations and banks can roam the planet and set up shop anywhere they please. They can bankroll and build production facilities, produce cheap goods, and sell them anywhere in the world without paying tariffs.

Tariffs would make that whole operation useless. It would defeat mega-corporate greed and ambition internationally.

“We’ve got these factories making gizmos in East Nowhere, we’re paying workers four cents an hour, we’ve got no environmental/health regs and rules that would raise production costs, there are no worker unions, and we’ve therefore got a big edge on our smaller competitors, because we can ship these gizmos anywhere in the world and sell them cheaper than they can, and all of this is possible because we pay no tariffs. If there were stiff tariffs, we’d have to shut down the whole scene, pack our bags, and leave…”

Globalism, at one level, is all about erasing tariffs.

Whether in a momentary fit, or by serious intent, Trump has crossed swords with the Globalists.

President Nixon tried that for a few moments in the early 1970s, and betrayed his main sponsor, David Rockefeller. Nixon erected a few tariffs to save American-based companies.

Rockefeller was and is Globalism personified.

Soon, Nixon found himself on a helicopter heading away from the White House for the last time.

Trump might want to think about pumping up his security detail.

He’s just stumbled into the Twilight Zone where money makes money for money making money. Trump $$$ is nothing compared with Globalist $$$.

He’s just pulled the pin on a quiescent grenade in the world of mainstream media, where the subject of tariffs is a no-no.

“Reggie, Klaus here. I was just reading the Times this morning. Did you see the reference to Donald Trump? Tariffs? Maybe we should take a second look at this lunatic. If he presses forward with the idea of protecting American businesses, and it catches on, and people figure out what he’s saying…if he figures out what he’s saying…we could have a problem. If all sorts of business people—I don’t mean people like us—but ordinary business people see a chance to come back to life…with tariffs to protect them…Trump’s campaign could take on a new dimension. We’d have to do whatever it takes to stop it…”

Yes, if the American people figure out that the new normal economy, as miserable as it actually is, is linked like a lock and key to the Globalist plan; if the American people figure out that no recent American president, including Obama, had any ambition whatsoever to lift up the American economy; that all these presidents are liars of the first order; something might happen.

Something might change.

[Read more here]

Originally entitled: “Trump catches attention of CFR, Bilderberg, Trilateral”

Robert O'Leary 150x150Robert O’Leary, JD BARA, has had an abiding interest in alternative health products & modalities since the early 1970’s & he has seen how they have made people go from lacking health to vibrant health. He became an attorney, singer-songwriter, martial artist & father along the way and brings that experience to his practice as a BioAcoustic Soundhealth Practitioner, under the tutelage of the award-winning founder of BioAcoustic Biology, Sharry Edwards, whose Institute of BioAcoustic Biology has now been serving clients for 30 years with a non-invasive & safe integrative modality that supports the body’s ability to self-heal using the power of the human voice. Robert brings this modality to serve clients in Greater Springfield (MA), New England & “virtually” the world, with his website, www.romayasoundhealthandbeauty.com. He can also be reached at romayasoundhealth andbeauty@gmail.com.  



Here’s How to Take Part in the ‘Gentle Revolution’ (Part 3)

By Karma Singh | Harmony Energy ConsultantsMount-Slamet-Volcano-Central-Java-Indonesia-Sept-18-2014-compressed

 

Editor’s Note: If you haven’t yet checked out “Here’s How to Take Part in the ‘Gentle Revolution’ (Part 1)” and “Here’s How to Take Part in the ‘Gentle Revolution’ (Part 2)”, please do so by clicking on the following link, at https://consciouslifenews.com/gentle-revolution-part-1/1194652/ and https://consciouslifenews.com/be-part-gentle-revolution-part-2/1194768/, respectively.

As every good general knows, the key to a successful campaign is to so weaken the opponent that “he” is no longer able to fight.

In our war, there are so few opponents (approx. 7000 of us per opponent) that they would have no chance whatsoever to maintain their dictatorship if we acted in unison.

What weapons do they use to maintain the upper hand?

Their principle weapon is guilt, blaming and debt. The connection between these three words is not immediately obvious in English. In German, however, they are all, basically, the same word with slight modification to express different aspects of the same phenomenon.

The principle way in which the opponent uses such tools is to organise things so that we all have steadily less and less of their money and to, then, manipulate us through the media which they control into blaming each other for the shortages which the opponent has created.

One of the ways in which they do this is in the creation of phantom debt which has almost totally ruined our wealth creation (also, misleadingly, called “economy”).

Phantom debt is, basically, the obligation to “pay back with compound interest” “loans” of monies which have never existed.

A good source on exactly how and why this works is Michael Tellinger’s book “Ubuntu Contributionalism”.

My own book which goes into more detail on how and why to change it is still in translation from the German original.

The present state of affairs is that the total state and personal “debt” owed to the banking cartel is several thousand times the amount of money that actually exists!

The sole creditor of this “debt” is Rothschild, the Anti-Christ in person, who, through his extremely complex web of Corporate Shenanigans, is the “hidden” owner of almost every bank on the planet.

As a second string to their bow, they have, to all intents and purposes, bought up the entire legal system. Instead of safeguarding justice and promoting healing amongst people, it is nowadays used to create blaming, guilt and more debt. A clear abuse with which steadily more judges and police officers are extremely dissatisfied. Many do their best to disempower this abuse.

Additionally, the main press (newspapers, magazines, radio and television) which is 98% directly owned by the Rockefeller family, is used to create “artificial enemies” (the non-existent “Islamists”, for example). This is the main thrust of their “divide and conquer tactic. This is how it works:

“You can’t get a job because immigrants have taken them all.”

“Everyone who lives in a Moslem country has sworn to destroy your democracy; you must, therefore, give up all of your democratic rights in order to “defend” democracy.”

“In order to protect you from terrorists (CIA paid and controlled mercenaries) we must take away all of your freedoms.” Etc., ad nauseum.

Without their weapons of guilt, blame and debt, they would look very insignificant indeed.

We possess weapons which are capable of completely eliminating their principle weapons! The first of these is to be used from now until the 30th September.

The precise usage instructions and explanation of exactly how and why this works are to be found in the book “The Key to Luck”.

In the book, you will also find detailed instructions on how to increase your personal wealth, clear up your relationships problems, remove the causes of much ill-health and much more.

The Text: The energies called guilt and debt have been entirely removed from the consciousness of mankind and completely dissolved into the nothingness from which they came.

The Vision: All people, everywhere, stand straight and tall in their divine dignity and with radiantly smiling faces.

The Feelings: Thankfulness, Abundance and Being Freed*

*The feeling “Being Freed” can be best experienced by imagining that you have been unjustly imprisoned for three years. One morning, the wardens come to you and explain to you that it has all been a big mistake and that you are now free to go. The feeling as you walk through the prison gate back into the vibrant colours of the outside world and breathe deeply – that is the feeling “Being Freed”.

Blessed be

Karma

Europe 14th August 2015

Robert O'Leary 150x150Robert O’Leary, JD BARA, has had an abiding interest in alternative health products & modalities since the early 1970’s & he has seen how they have made people go from lacking health to vibrant health. He became an attorney, singer-songwriter, martial artist & father along the way and brings that experience to his practice as a BioAcoustic Soundhealth Practitioner, under the tutelage of the award-winning founder of BioAcoustic Biology, Sharry Edwards, whose Institute of BioAcoustic Biology has now been serving clients for 30 years with a non-invasive & safe integrative modality that supports the body’s ability to self-heal using the power of the human voice. Robert brings this modality to serve clients in Greater Springfield (MA), New England & “virtually” the world, with his website, www.romayasoundhealthandbeauty.com. He can also be reached at romayasoundhealth andbeauty@gmail.com.  

 




Here’s How to Take Part in the ‘Gentle Revolution’ (Part 1)

By Karma Singh | Harmony Energy Consultants

 

Karma bei Miran 2012 midi square-680x380Adjusted
We live in a time of Great Change; a time of high romance that poets and writers will write about in the ensuing centuries.
Each and every human now on Earth will have a story to tell of how she/he experienced, worked for and participated in THE CHANGE.
The time of The Change is not something that lies before us; it is NOW!
The Age of Materialism – also called The Patriarchy – ended in October 2014. All that you now see is the death throes of the so-called “Dinosaur Humans”, the self-appointed “Elite”, as they recognise that their reign on Earth is now past.
This is the time foretold in so many prophecies:
From the Norse sagas comes the “Fimbulwinter”, a time in which it constantly snows in Summer (the chemtrails?) which brings men and the gods to rise together to drive the giants (the elite, the cartels) from our planet.
The Vedic “Mahakranti”; the Christian “Armageddon” and many more speak of such a time as ours.
Steeped in the perceptions of the Age of Materialism, each speaks of great upheavals of the Earth and billions of deaths as violence was the preferred way of resolving problems in the age just passed.
You can have this if you like; you just need to do nothing at all. Out of this necessary and unavoidable Change, you can, however, create a gentle revolution.

The Time is with us now

For each of the “Elite” who wish to continue exploiting us, there are SEVEN THOUSAND of us!
Are you ready? Do you have the courage to stand up? More than this will not be asked of you because more is not needed.
During the next few days I will send you more details and make some suggestions which will enable you to turn this energy of Great Change into the Gentle Revolution.

Useful Lessons from the Martial Arts

In the martial arts there are two ways in which one deals with oncoming energy (an attack, for example.) You can try to block it and push back (e.g.karate) or you can take up the energy and steer it into a direction useful to you (Tai Chi, Aikido etc..)
With gathering intensity, there is an energy bringing great upheaval raining down upon us. Any attempt to oppose it will only force it to destroy the resistance.
It is this which would bring the great destruction and billions of deaths which have been foretold.
But who creates this opposition? How and why?

The Great Change Energy: taking it up and steering it

Resistance arises mostly from the fear of change; „better the devil we know than a new one!“ The fear, however, is mostly fear of the “unknown”. 

When you know with absolute certainty that the grass really is greener on the other side of the hill then the fear disappears and is replaced with enthusiasm. 

The Great Change which now lies in our hands is the elimination of the exploitation system of a small self-appointed elite and to replace it with a system which serves the whole of humanity.  

What are the tools available to us to achieve this?

Under International Law; law which takes precedence over the national law of many country and all EEC states, each local community which has the necessary infrastructure can change its nationality from one state to another or even declare itself to be an independent state. 

The exact mechanism may vary from land to land but, for example, an English town mayor may have the power to make such a declaration himself. Of course, it makes much more sense for the whole of the town council to do it in unison but the power is there. 

In most places, a local referendum will achieve the same end even against the combined opposition of mayor and council. 

For your local law, you must ask a local expert or, perhaps, there is such an expert reading this newsletter who would be willing to have his/her knowledge published via this newsletter? If this is you, then please contact me at once.

But what happens if you do this? What does the new system look like? How do you implement it?

Editor’s Note: Check back tomorrow for “Here’s How to Take Part in the “Gentle Revolution” (Part 2)

[Read more here]

Robert O'Leary 150x150Robert O’Leary, JD BARA, has had an abiding interest in alternative health products & modalities since the early 1970’s & he has seen how they have made people go from lacking health to vibrant health. He became an attorney, singer-songwriter, martial artist & father along the way and brings that experience to his practice as a BioAcoustic Soundhealth Practitioner, under the tutelage of the award-winning founder of BioAcoustic Biology, Sharry Edwards, whose Institute of BioAcoustic Biology has now been serving clients for 30 years with a non-invasive & safe integrative modality that supports the body’s ability to self-heal using the power of the human voice. Robert brings this modality to serve clients in Greater Springfield (MA), New England & “virtually” the world, with his website,www.romayasoundhealthandbeauty.com. He can also be reached at romayasoundhealth andbeauty@gmail.com.  



Propaganda: Do You Know You’re Soaking In It?

Andrew Martin | Collective Evolution

Each and every day we are subject to propaganda, yet many of us are oblivious to the fact that we are being manipulated so frequently. In light of compelling information and evidence which supports largely predictable outcomes, propaganda can be used to confuse, obstruct, and distract individuals and society from clearly understanding the issues at hand. As we face serious and interconnected challenges, it is important to understand the role propaganda plays in society.

Propaganda is a form of communication geared towards manipulating and influencing the mindset of individuals through a series of emotionally charged messages. It can be used to either promote certain causes or to negatively influence and persuade people to support various ideological positions. Propaganda is powerful because everyone is susceptible to it. Robert Cialdini, Professor Emeritus of Psychology and Marketing at Arizona State University, author of the best-selling book Influence, outlines why people don’t realise they are being subject to propaganda: “In order to deal with it, we need shortcuts. We cannot be expected to recognise and analyse all the aspects in each person, event, and situation we encounter in even one day. We do not have the time, energy, or capacity to process the information; and instead we must often use our stereotypes, our rules of thumb to classify things according to a few key features and then to respond without thinking when one or another of these trigger feature are present.”(1)

Apart from the inability to disseminate large volumes of information, the main difficulty in distinguishing propaganda from other types of biases is in its subjectivity. For one party the information communicated may be seen as educational, yet for the other party it may be seen as propaganda. Propaganda is about presenting facts and information selectively and impartially so that the message elicits an emotional response. Propaganda is everywhere and is disseminated through media outlets, by politicians, by governments, educational institutions, corporations and through the entertainment industry. Here are some great quotes from Orwell, Chomsky, Pilger, Smith, and Vidal who understand the role propaganda plays in society.

Propaganda in War and Terrorism

“One of the most horrible features of war is that all the war-propaganda, all the screaming and lies and hatred, comes invariably from people who are not fighting.” George Orwell

“As societies grow decadent, the language grows decadent, too. Words are used to disguise, not to illuminate, action: You liberate a city by destroying it. Words are used to confuse, so that at election time people will solemnly vote against their own interests.” Gore Vidal

“The most effective way to destroy people is to deny and obliterate their own understanding of their history.” George Orwell

Propaganda in Business and Corporations

“All over the place, from the popular culture to the propaganda system, there is constant pressure to make people feel that they are helpless, that the only role they can have is to ratify decisions and to consume.” Noam Chomsky

“People who own the society, the merchants and manufacturers, they are the architects of government policy and they design it in their own interest of course no matter how grievous the effect is on others. The point of corporate propaganda and the educational system is to instill these beliefs and it works pretty well.” Adam Smith

“There is massive propaganda for everyone to consume. Consumption is good for profits and consumption is good for the political establishment.” Noam Chomsky

“The major western democracies are moving towards corporatism. Democracy has become a business plan, with a bottom line for every human activity, every dream, every decency, every hope. The main parliamentary parties are now devoted to the same economic policies — socialism for the rich, capitalism for the poor — and the same foreign policy of servility to endless war. This is not democracy. It is to politics what McDonalds is to food.” John Pilger

Read the rest of the article on Collective Evolution.

 




Trans Pacific Partnership: Dissenting Lawmakers Punished as Corporate Takeover of United States Advances

Dr. Joseph Mercola | Guest Writer for Wake-Up World

Despite strong opposition, on June 24 the US Senate passed the Fast Track bill 1,2 (known as Trade Promotion Authority or TPA) that gives the President carte blanche to negotiate and finalize free trade deals in complete secrecy, which brings us one step closer to the Trans-Pacific Partnership (TPP).

The TPP, which appears to be nothing short of a corporate takeover of global powers, has the legal ability to thwart all future attempts at protecting the public from genetically engineered (GE) foods. For this and many other reasons, the TPP must be stopped.

As explained by Ben Beachy and Ben Lilliston in recent interviews, the TPP, which involves the United States and 11 other countries around the Pacific Rim, is a vast expansion of terms already found in the notoriously unpopular North American Free Trade Agreement (NAFTA). If ratified, the TPP will have tremendous ramifications for our health, economy, and environmental protections — not to mention the loss of individual, state, and national rights, as it sets up binding rules that supersede US law.

As noted by the Electronic Frontier Foundation 3 (the primary concern of which is the TPP’s impact on digital regulations), we have but one narrow window of opportunity left. The Fast Track legislation does force the White House to release the final trade agreement text 60 days before Congress votes on it, giving us a two-month long window to dissect it and convince our lawmakers not to ratify it.

In the meantime, we need to continue hammering our representatives, driving home the message that we will not accept a yes vote on TPP. Nor will we accept a yes vote on the Pompeo bill, which would also eliminate state rights to label and regulate GMOs. This is actual language from the Fast Track Bill introduced April 16, 2015:

Section (3) Trade in Agriculture (I)(ii)

(I) developing, strenthening, and clarifying rules to eliminate practices that unfairly decrease US market access opportunities… including:

(ii) unfustified trade restrictions or commercial requirements, such as labelling, that affect new technologies, including bio-technology;

Contact your Congressman now!

Please, contact your member of Congress and tell them to oppose the Trans-Pacific Partnership (TPP). While Fast Track passed, we may still prevent the TPP from becoming reality if we can convince Congress to vote against the ratification of it.

  1. Write down what you will say. You can use facts in this article and other articles discussing the free trade deal, but tell them to oppose the TPP when it comes up for vote.
  2. Rehearse what you will say.
  3. Remember to be respectful.

In the U.S., you can find your congressman by clicking this link.

The time to apply pressure is right NOW. In addition to the source above, you can also find contact information for your state’s Congressman and additional information on the TPP viaStopFastTrack.com, and ExposetheTPP.org.

Read the rest of the article on Wake-Up World here.

 




Greeks Protesting Bailout Deal Clash With Riot Police in Athens (Live Updates)

Source: RT

An anti-austerity rally attended by thousands of protesters gathering outside of the Parliament in the Greek capital has spiraled into clashes with police, who are deploying pepper spray and tear gas against Molotov cocktails and rocks.  See live updates below:

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Unanimous ‘AGreekment’ on Greek Debt Crisis Reached: EU agrees to allocate €86bn over 3 years

Source: RT

After 17 hours of marathon talks, the eurozone leaders have reached an agreement over a third three-year bailout for debt-ridden Greece worth around €82-86 billion, which averts the risk of the country leaving the eurozone.

Greek debt crisis: EU leaders struggle to reach bailout compromise LIVE UPDATES

In his Twitter account the President of the European Council Donald Tusk said that agreement on Greece was reached “unanimously.” All of the key participants in the talks acknowledged that the deal means a so-called Grexit was no longer on the agenda.

The program will affect the overall pension reform, reform of the product markets, privatization and changes in labor exchanges,said German Chancellor Angela Merkel after the eurozone summit Monday.

“We have been long engaged in the matter of the size of the program, which is very significant – from €82 to €86 billion over three years,” she said at a news conference.

A write-off of Greece’s debt is not on the agenda, she added.

READ MORE…




This Is the Banksters Greatest Fear – Harley Schlanger on SGT Report

https://www.youtube.com/watch?v=dwGC2is1DGw

Source: SGTreport.com

Harley Schlanger, Historian and national spokesman for LarouchePAC is back with the SGT Report to process the developments in Greece as it defaults on IMF austerity and usury in favor of a future for its people over the criminal international Banksters.

Related Post: The Secret of Iceland’s Miracle Economic Recovery: Jail Bankers, Let Banks Go Bust & No Bail-Out

Harley notes, “This is the worst case scenario for these Bankers. The reality is there is something new on the horizon. A new financial system outside of the control of what George Herbert Walker Bush called the New World Order. It’s fragile, but it’s coming into existence. And this is what the Banksters fear more than anything else.”

Harley asks a very important question as we approach what ‘Independence Day’ in July 4th: “What will the United States do? Where we are under the same captivity of an austerity driven global Bankster domination. Will the American people recognize that the Greeks should be our allies, the BRICS nations should be our allies? Or will we continue to go along with this London-Wall Street DICTATORSHIP?”

As we document the collapse for the first day of July, 2015 Harley reminds us that “after the collapse “There is very little that will remain standing. There’s an interconnection, it is a Domino effect.”

Related Post: Bravo! Iceland Convicts Criminal Bankers & Shows the World It CAN Be Done




Greek Financial Crisis Continues to Grow: Big Debate Over Bail Out or New Paradigm

As latest developments spur anxiety in a nation crushed by debt, critics rail against Troika’s attack on democracy and destruction of Greece

Supporters of the NO vote in the upcoming referendum hold a banner with colors of the Greek flag reading ‘’NO, OXI’’ during a rally at Syntagma on Monday. (Photo: Aristidis Vafeiadakis/ZUMA Press/Corbis)

Supporters of the NO vote in the upcoming referendum hold a banner with colors of the Greek flag reading ‘’NO, OXI’’ during a rally at Syntagma on Monday. (Photo: Aristidis Vafeiadakis/ZUMA Press/Corbis)

Update (8:15 AM EST):

As the Council of Europe, the EU’s top human rights body, on Wednesday ruled that a Greek referendum scheduled for this Sunday falls short of international standards and steep speculation circulates that Prime Minister Alexis Tsipras, scheduled to address the nation shortly, may actually cancel the vote, all eyes are on Greece on Wednesday as the acceptance of a bailout agreement for the struggling nation may now once again be in the offing.

Related Article: How German and French Banks Helped Bankrupt Greece

Responding to news that Tsipras may announce his willingness to accept a slightly altered agreement with foreign creditors to extend a bailout program for the struggling nation, leftist politicians in the country were quick to express outrage. As the Guardian‘s Helena Smith reports:

Before Alexis Tsipras has even made his much anticipated address to the nation – explaining the details of the proposal – the country’s communist party has described the deal as “the worst bailout” ever.

“They are shamefully fooling the Greek people. This proves that their ‘no’ is in fact a ‘yes’ to new loan accords that go against the people,” the party’s leader Dimitris Koutsoumbas railed in a statement. “We will cancel all of this,” he said referring to Sunday’s referendum. “We will say no to the memoranda [bailout accords], yes to resistance.”

The anti-capitalist bloc, Antarsya also issued a blistering attack on the government, saying whatever it was called the accord amounted to a third bailout that would further impoverish Greeks. “The negotiations of submission between the government and the troika have to stop now,” said the far left group adding that the time had come to break with the European Union and write off the country’s debt altogether.

“The no [that we will say] to the troika’s black proposal for a new heavier round of bailout pillaging, is at the same time a heavy no to the continuous proposals of a government that is continually accepting ever more hard-hitting bailout terms that in reality serve the supporters of yes.”

Both statements highlight just how difficult it will be for the left-led coalition to enforce any agreement that is reached with creditors.

As of this writing, however, it remains very much unclear what Syriza has decided to do, much less how members of the European Commission, the IMF, or ECB will officially respond.

Related Article: The Debt Slavery Must End to Prevent Environmental Catastrophes: Will Greece Kick Start a Paradigm Shift?

However, other outside observers—despite not knowing exactly what the prime minister will say or whether or not it will be accepted by Troika members—expressed more caution.

Earlier:

Greece made history at midnight on Tuesday by being the first European nation to go into default with the International Monetary Fund. And as the high-stakes negotiations continue ahead of a national referendum on Sunday, a growing chorus of economists, civil society organizations, and Greek citizens are making it clear that the same policies that created the current calamity in Greece—namely austerity and the imposition of ever-greater levels of debt—can no longer be trusted to solve the crisis and that a new paradigm is needed.

Even as news broke on Wednesday that Prime Minister Alexis Tsipras sent a new letter to foreign creditors indicating his willingness to accept modified terms for a deal, it remained unclear how much the leaders of the Syriza Party have bent—if at all—in terms of securing a new kind of bailout package from the Troika, comprised of the IMF, European Commission, and the European Central Bank.

While the Financial Times reporting that “Tsipras concedes most bailout demands” was quickly picked up the New York Times and other outlets as evidence that the embattled Greek government was perhaps caving to the outsized pressure, a statement from Athens rejected that interpretation of events.

As the Guardian‘s Helena Smith reports:

“The Greek government yesterday delivered a new proposal to the institutions accompanied by a letter of prime minister Alexis Tsipras. Reports that say the Greek government has fully accepted the institutions’ proposal do not stand,” said the statement, adding that the government’s proposal had included “a series of amendments to the institutions’ text.”

The new proposal was an attempt to find a mutually beneficial agreement that not only gave emphasis to growth but making the country’s monumental debt load viable, the government insisted.

“Several measures that the institutions are suggesting will not be enforced immediately but in stages so that the government can find equivalent measures to replace them,” it said.

Tsipras himself is now expected to address the Greek people (and a world audience) on Wednesday.

As is clear, the fast-moving developments of the situation in Greece make for dramatic headlines, but what progressive critics are attempting to explain is how the complexities of the negotiations are in many ways masking some of the simple truths that underlie the current fiasco.

Related Article: Greece’s Leader Slams IMF For Intimidating Tactics

According to Nick Dearden, who heads the advocacy group Global Justice Now in the U.K., what is happening between Greece and the powerful members of the Troika is nothing less than a battle between the will of the Greek people—who have suffered immeasurably (and measurably) during recent years under the conditions of the bailout program—and the desires of elite and predatory financial forces, who have actively profited from that misery.

“The hardline, inhumane policies of the EU now threaten to provoke a world crisis,” Dearden said in a statement early on Wednesday. “The EU and the IMF seem to be hell-bent on ruthlessly punishing Greece for daring to stand up against grossly unfair debt conditions that are causing enormous amounts of suffering. Refusing to allow a short delay for the referendum to take place is a brutal enforcement of unfettered neoliberalism over democracy and the needs of people.”

What’s needed most, say many experts—as well as the Greek government itself—is actual debt relief and a restructuring of existing loans. As a recent paper from the Jubilee Debt Campaign made clear, the idea of debt forgiveness—modeled on that which was provided to Germany following World War II—should be central to any meaningful progress on the crisis in Greece:

Syriza is proposing a debt conference based on the ‘London conference’ which agreed debt cancellation for Germany in 1953. The 1953 conference agreed to cancel 50% of Germany’s debt to governments, people and institutions outside the country, and the payments on the remainder were made conditional on Germany earning the revenue from the rest of the world to pay the debt. Greece was one of the countries which took part in the debt cancellation.

Syriza is proposing debt cancellation through a similar conference (some have suggested of around 50%, though there is no policy officially stated), with the remainder of the debt to be paid over several decades to ensure that Greece can continue to repay.

The German debt deal in 1953 was very successful. It supported German economic recovery, and gave an incentive for creditors to trade so that they would be repaid.

“This is a crossroads not just for Greece and Europe, but for all countries in debt crisis,” argues Sarah-Jayne Clifton, director of Jubilee Debt Campaign. “Greece is standing up for justice, dignity, sovereignty and basic human rights against a broken financial system that is hurting ordinary people everywhere. We all need debt cancellation for Greece. Not just because it means justice for the Greek people, but to signal to the banks and financiers that we won’t keep bailing them out for their reckless lending and speculation.”

So far, however, Eurozone commissioners have treated debt relief as a non-starter and only said recently they “might” be willing to discuss it in the future after Syriza agreed to yet another multi-year bailout program in exchange for deeper austerity, including further cuts to pensions, additional deregulation and privatization schemes.

For Mark Weisbrot, co-director of the Center for Economic & Policy Research, what is most striking about the behavior of the Troika is how blatantly they are using their financial authority to exert political pressure within Greece. By backing an argument also put forth by Nobel-winning economist and columnist Paul Krugman earlier this week, Weisbrot suggests that elite forces in Europe are now using the financial crisis to force the current government from power.

“There is considerable evidence that this has been the European authorities’ strategy since the anti-austerity Syriza party was elected in January,” explains Weisbrot. “Just 10 days after the election, the ECB cut off its main line of credit to Greek banks, even though there was no obvious reason to do so. Shortly thereafter, the ECB put a limit on how much Greek banks could lend to the government – a limit that the previous government did not have.”

Weisbrot says that from perspective of the Troika, “regime change” in Greece remains the only logical strategy to make sure that those who have stood in opposition to their policies are jettisoned and that submission to foreign authority, no matter the internal damage, returns to the impoverished nation. What’s worse, he writes, is that what Tsipras and his government are willing to accept—and what the nation, in fact, needs to enjoy a return to economic balance and prosperity—is not radical at all.

In addition to debt relief, Weisbrot says the alternative policies which Greece needs are “mostly nothing more than the stimulus policies that dozens of countries, including the United States, implemented in response to the world financial crisis and recession of 2008 and 2009. But European authorities will not allow the Greek economy to recover.”

What Weisbrot concludes is what Krugman and other high-profile economists like Joseph Stiglitz also now believe: Greek voters should say “No” this weekend to further austerity, buck the bullying of the Troika, and take their economic future into their own hands.

However, with the possibility that the referendum could be cancelled, it remains unclear whether Greek citizens will get that chance. But as Stiglitz, along with his Columbia University colleague Martin Guzman, explained in an article written late Tuesday, there remains a better path for Greece than the one put before it by  foreign creditors. Citing the case of Argentina, which more than a decade ago defaulted on its IMF obligations in order to wipe out what it said was an unjust and unsustainable debt burden, Stiglitz and Gusman argue that decision carries important lessons for present-day Greece.

“When debt is unsustainable, there needs to be a fresh start,” they write. “This is a basic, well-recognized principle. So far, the Troika is depriving Greece from this possibility. And there can’t be a fresh start with austerity.”

They conclude, “This Sunday, Greek citizens will debate two alternatives: austerity and depression without end, or the possibility of deciding their own destiny in a context of huge uncertainty. None of the options are nice. Both could lead to even worse social disruptions. But while with one of them there is some hope, with the other there is not.”




How German and French Banks Helped Bankrupt Greece

(Cartoon: CorpWatch / by Khalil Bendib)

(Cartoon: CorpWatch / by Khalil Bendib)

Alexis Tsipras, the prime minister of Greece, has called a national referendum this Sunday (July 5) to call the bluff of the European Union and International Monetary Fund who are trying to force his country to accept severe austerity in return for effectively rolling over much of the countries’ debt.Today Greece owes its creditors €323 billion ($366 billion), some 175 percent of the country’s gross domestic product. How did it end up owing so much money?

“We should be clear: almost none of the huge amount of money loaned to Greece has actually gone there,” Joseph Stiglitz, former chief economist of the World Bank and a Nobel Prize winner in economics, wrote in the Guardian newspaper today. “It has gone to pay out private-sector creditors – including German and French banks.”

A recent CorpWatch report – The EuroZone Profiteers –  can help shed further light on this matter. While it’s true that corrupt Greek politicians borrowed billions for shaky government schemes from these banks, there was a very good reason that the financiers made these rash loans: they were under pressure from European Union bureaucrats to compete in a global marketplace with U.K. and U.S. banks.

Take the German banks. While Anglo-American banking is dominated by many branches of a few major banks, Germany had some 4,000 unique institutions in 1990 that made up a three-pillar system of savings banks, co-operative banks, and private banks. These banks lived modestly on miniscule profits of one percent in comparison to Britain’s four mega-banks, which boasted returns as high as 30 percent on equity. Under pressure from Brussels, the German government agreed to push some of the bigger banks to become more “market oriented” by withdrawing state guarantees known as “anstaltslast” and “gewährträgerhaftung” to back them up in times of failure.

Likewise Prime Minister Jacques Chirac began a process of privatizing French banks in the late 1980s to “shoulder its responsibilities to the business community.” (The banks that had been nationalized over time by General Charles de Gaulle in 1945 and by President Pierre Mauroy in 1982) Like the Germans, the French banks enjoyed state protection, and thus were easily able to raise money to lend out.

The European Union was firmly behind this since they wanted European entities to compete on a global stage. “Sometimes it is said that competition is not to the benefit of all: It can favor larger firms, but hurt smaller businesses. I do not share this view,” Mario Monti, the European competition commissioner, said in October 1997. “Naturally, competition will reward greater efficiency. It will put pressure on less-performing companies and on sectors already suffering from structural problems.”

But French banks knew that they could not make billions by competing in Germany, nor were German banks expecting to vanquish the French. They looked instead to a simpler and easier market to loan out the plentiful supply of cash they had – the poorer, mostly southern European states that had agreed to take part in the launch of a common currency called the Euro in 1999.

The logic was clear: In the mid-1990s, national interest rates in Greece and Spain, for example, hovered around 14 percent, and at a similar level in Ireland during the 1992–1993 currency crisis. So borrowers in these countries were eager to welcome the northern bankers with seemingly unlimited supplies of cheap cash at interest rates as low as one to four percent.

Take the case of Georg Funke, who ran Depfa, a German public mortgage bank. Depfa helped Athens get a star credit rating, raised €265 million for the Greek government railway, helped Portugal borrow €200 million to build up a water supplier, and gave €90 million to Spain to construct a privately operated road in Galicia. For a while, the middle class in Greece like the middle classes in Spain and Ireland, benefited from the infrastructure spending stimulus. When Depfa nearly collapsed in 2008, Funke was fired.

Or take the case of Georges Pauget, the CEO of Crédit Agricole in France, who bought up Emporiki Bank of Greece for €3.1 billion in cash in 2006. Over the next six years, Emporiki lost money year after year, blowing money on one foolish venture after another, until finally, Crédit Agricole sold it for €1 – not €1 billion or even €1 million – but a single euro to Alpha Bank in October 2012. Crédit Agricole’s cumulative loss? €5.3 billion.

Money poured in from other banks like Dexia of Belgium. Via Kommunalkredit, Dexia loaned €25 million to Yiannis Kazakos, the mayor of Zografou, a suburb of Athens, to buy land to build a shopping mall. It made similar loans to other Greek municipal authorities including Acharnon, Melisia, Metamorfosis, Nea Ionia, Serres, and Volos.

“The tsunami of cheap credit that rolled across the planet between 2002 and 2007 … wasn’t just money, it was temptation,” financial writer Michael Lewis wrote in Vanity Fair. “Entire countries were told, “The lights are out, you can do whatever you want to do, and no one will ever know.”

Bloomberg took a look at statistics from the Bank for International Settlements, and worked out that German banks loaned out a staggering $704 billion to Greece, Ireland, Italy, Portugal, and Spain before December 2009. Two of Germany’s largest private banks—Commerzbank and Deutsche Bank—loaned $201 billion to Greece, Ireland, Italy, Portugal, and Spain, according to numbers compiled by BusinessInsider. And BNP Paribas and Crédit Agricole of France loaned $477 billion to Greece, Ireland, Italy, Portugal, and Spain.

There is a very good parallel to this situation of cheap and easy money in the recent sub-prime mortgage crisis in the U.S.

In a recent book, A Dream Foreclosed: Black America and the Fight for a Place to Call Home, author Laura Gottesdiener explains that 30 years ago, African Americans were unable to borrow money to buy houses because of a practice called redlining—where banks drew fictitious red lines around neighborhoods they would not lend to even if the borrowers had good credit and good jobs.

Today, redlining is illegal, but the reverse has happened. In the 1990s, poor people around the U.S. were offered 100 percent loans to buy houses at low rates with virtually no collateral.

“The mortgage market for white Americans was flush. There was no more money to be made from issuing mortgages to white Americans. The banks needed new consumers,” Gottesdiener told Corporate Crime Reporter magazine. “So, they moved into the minority market. But they weren’t selling the conventional loans. They were selling these incredibly exploitative predatory loans.”

We know how the sub-prime crisis ended in 2008 – and it almost brought down the global economy.

What happened after the creation of the Euro was very similar. The Greek government is in debt today to Germany and France not just because they borrowed money for unwise projects, but also because the bankers pushed them to take money that they would never have been able to approved under normal circumstances.

But as Stiglitz has noted, these German and French banks have now been rescued. An ATTAC Austria study showed that 77 percent of the €207 billion provided for the so-called “Greek bail-out” went to the financial sector and not to the people.

How the Greeks will vote on the European Union austerity package this Sunday is hard to predict, but more must be done – it is time to investigate the bankers who created the EuroZone crisis and hold them accountable.

But the bankers are not the only ones. There must be repercussions for the European Union bureaucrats and politicians who promoted the idea that free-market competition in financial services would benefit everyone. And not least of all, there should be a serious debate on how to reverse many of the policies that were used to create the European single market in financial services.

Pratap Chatterjee is the author of two books about the war on terror: Halliburton’s Army: How a Well-Connected Texas Oil Company Revolutionized the Way America Makes War and Iraq, Inc. (Seven Stories Press, 2004). He is the executive director of CorpWatch and serves on the board of both Amnesty USA and the Corporate Europe Observatory.




People Power: Greece Holds Referendum on EU Debt Proposal

Article source: RT

Protestors in Greece over economic austerity

The Greek PM has announced a national referendum on July 5 on the conditions of the debt deal with international creditors. It’s up to the Greek people, Tsipras said, to make a fateful decision on the country’s sovereignty, independence and future.

“These proposals, which clearly violate the European rules and the basic rights to work, equality and dignity show that the purpose of some of the partners and institutions was not a viable agreement for all parties, but possibly the humiliation of an entire people,” Greek Prime Minister Alexis Tsipras said in a televised address to the nation, as cited by Reuters.

The referendum will be held on July 5, a few days past the June 30 deadline, Tsipras announced.

In order to avoid a technical default, Athens will ask for a short-term extension on the bailout program and buy time to hold the popular vote. Tsirpas further added that German Chancellor Angela Merkel and European Central Bank chief Mario Draghi have already been informed of the plans.

The referendum will be a simple “yes” or “no” question on the measures proposed under the debt deal, local media report. One way or the other Tsipras said that he will respect the will of the people, who have voted for him for his anti-austerity campaign promises.

The ruling Syriza party urged voters to reject “the ultimatum by the lenders “ and “say yes to the proposal made by the government.” The leader of the Independent Greeks party, and Tsipras’ junior coalition partner, meanwhile urged the voters to protect the country’s sovereignty as they did “in 1940 when Greek people decided to say no to foreign armies.”

“I call for all of the party to participate in this big celebration of democracy called a referendum and to vote ‘No’ – no to handing away our independence,” Panos Kammenos said.

[Read more here]

*Originally entitled: “Greece to Hold National Referendum on Debt Deal – PM”




Greece’s Leader Slams IMF For Intimidating Tactics

By Unattributed | *NewsmaxTheInternationalMonetaryFund-39842218_m-680.380-Modified

Prime Minister Alexis Tsipras launched a scathing attack on the International Monetary Fund for rejecting Greek reform proposals ahead of talks in Brussels Wednesday, denting hopes of a final debt deal to prevent Athens from defaulting and leaving the euro.

The leftist leader hit out at the “strange position” just minutes before going into an eleventh-hour meeting with key lenders including Christine Lagarde, the head of the IMF, and the European Union.

Markets dipped over fears that a meeting of eurozone finance ministers later Wednesday would fail to reach an agreement to unlock vital bailout funds that could be presented to an EU summit on Thursday.

“This strange position maybe hides two things: either they do not want an agreement or they are serving specific interests in Greece,” Tsipras said.

“The repeated rejection of equivalent measures by certain institutions never occurred before — neither in Ireland nor Portugal,” he tweeted, referring to bailouts in those two countries.

The EU-IMF creditors were due to present Tsipras with their own “common position” on Monday in response to the last-ditch list of reform proposals submitted by Athens on Sunday, sources said.

“It’s up to the Greeks now to have their say,” one source told AFP.

Tsipras — who recently accused the IMF of “criminal responsibility” for Greece’s five years of austerity-driven woes — was meeting the key players from Greece’s bailout monitors: Lagarde, European Commission President Jean-Claude Juncker and European Central Bank boss Mario Draghi.

“There is work to do,” Jeroen Dijsselbloem, head of the Eurogroup of finance ministers from the 19-country single currency area, told reporters ahead of their meeting in Brussels which could stretch late into the night.

Wednesday’s meetings had earlier been billed as potentially decisive, with the Greek government saying Tuesday it expected a deal within 48 hours.

Greece and its creditors have been locked in a stand-off since Tsipras was elected in January, the EU-IMF demanding reforms before unlocking the last 7.2 billion euros of Greece’s bailout before it expires on June 30.

Athens needs to meet a a 1.5-billion-euro IMF loan repayment due on the same day and failure to pay means a default, with officials warning it could lead to Greece crashing out of the euro and even the European Union.

The new proposals by Greece aim to raise eight billion euros, mostly through new taxes on the wealthy and businesses, VAT increases and a cut in defense spending, officials said.

Athens insists the ‘red line’ of pensions remains largely untouched.

The IMF and Germany, Europe’s biggest economy, are seen as being the most skeptical about the Greek proposals. Berlin is particularly keen to avoid any mention of debt relief in a deal.

Tsipras’s comments seemed to be at odds with his Finance Minister Yanis Varoufakis, who said Wednesday said his country was in the “final stretch” of negotiations with creditors and could reach agreement shortly.

The Greek government meanwhile warned that any accord would have to be approved by a parliamentary majority before June 30, a tough task for Tsipras as many on the left wing of his party view him as reneging on campaign promises.

[Read more here]

*Originally entitled: “Greece’s Tsipras Slams IMF in Blow to Crunch Talks”

Robert O'Leary 150x150Robert O’Leary, JD BARA, has had an abiding interest in alternative health products & modalities since the early 1970’s & he has seen how they have made people go from lacking health to vibrant health. He became an attorney, singer-songwriter, martial artist & father along the way and brings that experience to his practice as a BioAcoustic Soundhealth Practitioner, under the tutelage of the award-winning founder of BioAcoustic Biology, Sharry Edwards, whose Institute of BioAcoustic Biology has now been serving clients for 30 years with a non-invasive & safe integrative modality that supports the body’s ability to self-heal using the power of the human voice. Robert brings this modality to serve clients in Greater Springfield (MA), New England & “virtually” the world, with his website, www.romayasoundhealthandbeauty.com. He can also be reached at romayasoundhealth andbeauty@gmail.com.