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Tag: Larry Summers

Greece: What they don’t want you to know

Greg Palast 


From Greg Palast’s investigative reports for Greek and US news

Trojan Hearse: Greek Elections and the Euro Leper Colony

Europe is stunned, and bankers aghast, that the new party of the Left, Syriza, won Sunday’s parliamentary elections in Greece.

Syriza won on the promise that it will cure Greece of leprosy.

Euro Krieg! Greece Surrenders to Germany 2013 Greg Palast Interviewed by Greek Radio

“To me, Greece is a crime scene,” said Palast. “Greece is dying, and austerity is one of the things that killed it.” He rebuked the recent proclamations made by Greek and EU officials deeming Greece an economic “success story,” describing them as “nonsense.”

Lazy Ouzo-Swilling, Olive-Pit Spitting Greeks – Or, How Goldman Sacked Greece

Here’s what we’re told: Greece’s economy blew apart because a bunch of olive-spitting, ouzo-guzzling, lazy-ass Greeks refuse to put in a full day’s work, retire while they’re still teenagers, pocket pensions fit for a pasha; and they’ve gone on a social-services spending spree using borrowed money. Now that the bill has come due and the Greeks have to pay with higher taxes and cuts in their big fat welfare state, they run riot, screaming in the streets, busting windows and burning banks.

I don’t buy it.  I don’t buy it because …more

Larry Summers: Goldman Sacked

Greg Palast 

For Reader Supported News

Joseph Stiglitz couldn’t believe his ears.  Here they were in the White House, with President Bill Clinton asking the chiefs of the US Treasury for guidance on the life and death of America’s economy, when the Deputy Secretary of the Treasury Larry Summers turns to his boss, Secretary Robert Rubin, and says, “What would Goldman think of that?”

Huh?

Then, at another meeting, Summers said it again:  What would Goldman think?A shocked Stiglitz, then Chairman of the President’s Council of Economic Advisors, told me he’d turned to Summers, and asked if Summers thought it appropriate to decide US economic policy based on “what Goldman thought.”  As opposed to say, the facts, or say, the needs of the American public, you know, all that stuff that we heard in Cabinet meetings on The West Wing.

Summers looked at Stiglitz like Stiglitz was some kind of naive fool who’d read too many civics books.

 

R.I.P. Larry Summers

On Sunday afternoon, facing a revolt …more

Larry Summers
and the Secret “End-Game” Memo

Greg Palast 

For Vice Magazine

When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn’t believe it.

The Memo confirmed every conspiracy freak’s fantasy:  that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet.  When you see 26.3% unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.

The Treasury official playing the bankers’ secret End Game was Larry Summers.  Today, Summers is Barack Obama’s leading choice for Chairman of the US Federal Reserve, the world’s central bank.  If the confidential memo is authentic, then Summers shouldn’t …more

Obama is a two-faced liar. Aw-RIGHT!

Greg Palast for SuicideGirls.com

Republicans are right. President Barack Obama treated them like dirt, didn’t give a damn what they thought about his stimulus package, loaded it with a bunch of programs that will last for years and will never leave the budget, is giving away money disguised as “tax refunds,” and is sneaking in huge changes in policy, from schools to health care, using the pretext of an economic emergency.

Way to go, Mr. O! Mr. Down-and-Dirty Chicago pol. Street-fightin’ man. Covering over his break-you-face power play with a “we’re all post-partisan friends” BS.

And it’s about time.

Frankly, I was worried about this guy. Obama’s appointing Clinton-droids to the Cabinet, bloated incompetents like Larry Summers as “Economics Czar,” made me fear for my country, that we’d gotten another Democrat who wished he were a Republican.

Then came Obama’s money bomb. The House bill included $125 billion for schools (TRIPLING federal spending on education – yes!), expanding insurance coverage to the unemployed, making the most progressive change in the tax code in four decades by creating a $500 credit against social security payroll deductions, and so on. …more

Blair’s American Daze

Greg Palast 

The oil revolt revealed his disdain for old Britain and an almost erotic envy of Clinton - a hero he totally misunderstands. ...more