A Revolutionary Pope Calls for Rethinking the Outdated Criteria That Rule the World

July 7th, 2015
in Op Ed

by Ellen Brown, Web of Debt

Pope Francis' revolutionary encyclical addresses not just climate change but the banking crisis. Interestingly, the solution to that crisis may have been modeled in the Middle Ages by Franciscan monks following the Saint from whom the Pope took his name.

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Greece Proves Again Why Democracy is the Criminal Classes’ Great Fear

July 7th, 2015
in Op Ed

by William K. Black, New Economic Perspectives

The people of Greece have just shown great courage, and even greater common sense, in voting "No" in overwhelming numbers against the troika's war on the Greek people and labor throughout the EU. In recent days we have seen the spectacle of the major media shamelessly lying globally about the referendum and the Greek government - cheered on by the troika.

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Greece as Strange Attractor: Wings of the Butterfly

July 6th, 2015
in Op Ed

by Reverse Engineer, Doomstead Diner

The Butterfly's Wings Effect- Small changes in intitial conditions lead to wildly different outcomes in complex systems.

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Greece Illustrates 150 Years of Socialist Failure in Europe

July 5th, 2015
in Op Ed

by Patrick Barron, Mises.org

Greece cannot pay its debts ... ever. Nor can several other members of the European Union. That's why Europe's elite are loath to place Greece in default. If Greece is allowed to abrogate its debts, why should any of the other debtor members of the EU pay up? The financial consequences of massive default by most of the EU members is hard to predict, but it won't be pretty. Europe has built a financial house of cards, and the slightest loss of confidence will bring it crashing down.

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A Sad Day for Europe

July 4th, 2015
in Op Ed

by Alan Harvey, Institute for Dynamic Economic Analysis

The debate over Greece has an eerie resemblance to the debate over climate change. One side prefers apocalypse to changing its opinion, even in the face of evidence. In fact, as the evidence mounts, the denialists become only the more rigid.

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