Cult

Greek debt and German hypocrisy

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The rape of Europa by Titian ( c. 1560)
Spanish philosopher Santayana warned that those who cannot remember the past are condemned to repeat it, but a more serious problem than mere historical amnesia is historical revisionism, where whole societies somehow become convinced of something that never happened or just the opposite of what really happened. The history of Greek and German debt is a good example.

Money creation VS debt creation

Debt and money are frequently confused. We read about money creation, "money created out of thin air", and we imagine printing presses spewing out tons of paper bank notes.

The only drawback of money creation is the erosion of the value of the currency (inflation) because of excessive supply. To illustrate this process, imagine a gigantic oil field were to be found in Siberia tomorrow; it would reduce the price for oil because of the increased supply.

In this sense, money creation impacts every operator (banks, states, citizens) holding money, by decreasing the value of their holding. The more money that exists, the less it is valued, like most other commodities.

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The exponential growth of world debt
But today, 97% of digital money is "created" through debts issued by private banks. This means that, today, money is not created to serve economic development or national monetary policies but solely to maximize the profits of private banks.

Heart - Black

Greek People "crucified" by EU 'elite' for wanting social justice

"They crucified Tsipras in there," remarked a senior EU official who had attended yesterday's European Council emergency summit meeting. "Crucified."

Tsipras has certainly had it tough these last few days and weeks, but who is really being "crucified" by this series of intensive meetings that led to yesterday's "agreement" in the "Greek crisis"? Tsipras is the Greek PM and leader of the Syriza party elected in January this year - very much thanks to a middle- and lower-class populist vote. Their mandate, therefore, was to work in the best interests of the Greek people. Unusually for European governments that get elected on a populist ticket, the Syriza government tried to do exactly that.

Dollar

Greek "debt crisis": humans must suffer for bankers to profit

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To understand the 'Greek debt crisis', the 'financial crisis' of 2008, the first thing to understand is the unreal or immaterial nature of money and what is called the 'global economy'.

In 2014, a Bank of England report titled: "Money Creation in the Modern Economy" finally admitted what has been known by many for a long time: that 97% of the money supply is now created by banks when they make loans. Most of that money is, and remains throughout its life cycle, digital rather than 'physical' paper money.

Cloud Lightning

SOTT Earth Changes Summary - June 2015: Extreme Weather, Planetary Upheaval, and High Strangeness

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© Sott.net
With the dollar-led global economy on the verge of systemic collapse, increasing chaos in the political and social spheres is mirrored by climate chaos. In June 2015, thousands of wildfires broke out across western North America, with the entire continent on course for its fieriest season in recorded history. June is the peak of tornado season in the US, but the intensity of the storms that brought them was stunning. The worst death toll from a tornado occurred in central China, where a waterspout capsized a cruise ship on the Yangtze River.

The record May rainfall in Texas and Louisiana... just kept falling out of the sky last month, with the Red River reaching its highest level in 70 years. Parts of southern China also saw their worst flooding in over 70 years. Localized flash-flooding struck the world over, not least in Accra, capital of Ghana, where hundreds were killed when a gas station exploded. Tbilisi, Georgia, was similarly impacted when a 'wall of water' washed through, killing 20 people and half the city zoo's animals. Other capitals inundated in deluges last month include Ankara, Bangkok, and Madrid, while Oman saw 5 years' worth of rain... in a single day.

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© Sott.net
Intense monsoon rains last month also killed thousands of wild animals at a sanctuary in India, while thousands of pigs drowned in southern China's floods. Animal die-offs included millions of crabs on the Californian coast, and hundreds of thousands of antelope in Kazakhstan. The heatwave that killed thousands in India in May moved into Pakistan last month, where it killed some 1,200 people. In normally hot, dry climates, there were yet more bizarre scenes of inches - and sometimes FEET - of hail trapping cars on roads. While Alaska baked in record hot temperatures, Norway had five times more snow cover than normal for June.

In addition to auroras and noctilucent clouds being seen much further south than usual, strange objects or lights in the sky were caught on camera, including three objects leaving Earth's atmosphere. Strong seismic activity came in the form of another powerful eruption of Indonesia's Mount Sinabung, while Malaysia was hit with its strongest earthquake since 1976. There is also incredible footage of enormous sinkholes opening up across the US in June, swallowing moving cars, roads, driveways, backyards, and golf greens. And don't miss the eruption of multiple methane-infused mud geysers on another golf course in Canada!


Compass

Putin's phone call to Obama and its significance

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You may have heard that President Putin placed a call to President Obama on Thursday, June 25th. As many in the media have noted, this call came after several months since they last spoke directly, and many more months of 'estrangement' and strained relations between the two.

According to the Kremlin's website, Putin and Obama discussed the crises in Ukraine, the on-going war in Syria, the Iran nuclear deal and the growing menace of terrorism in the form of 'IS'. Out of this discussion, says the website, an agreement was made between the two presidents that Russian Foreign Minister Sergei Lavrov and US Secretary of State John Kerry would hold a meeting to discuss this last issue. It was also agreed that US Assistant Secretary of State Victoria Nuland and Russian Deputy Foreign Minister Grigory Karasin would be in contact to discuss implementation of the Minsk agreements.

But as anyone who has been following the developments of all of these flash points might rightly predict, the meetings and the discussions to come will probably amount to absolutely nothing; the U.S. is relentless in its crazed drive for world dominance at any cost. And we know from Putin's and the Russian government's many protective countermeasures - militarily, economically and diplomatically - that they are acutely aware of this.

So why make the call?

Leaving this question aside for a moment, and the ability of Putin to engage in realpolitik when he needs to, a sampling of the Western take on the conversation will prove useful.

Quenelle - Golden

Greek "crisis" about political ideology and psychopathology, not finance

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© Stabu La Rasa
Now THAT is reality
With recent news of Greek bank closures and something called "capital controls", ignorant hysteria is spreading, virus-like, through the mainstream media over the "inevitable contagion" that threatens to do away with the EU and, (ultimately no doubt) leave us vulnerable to the unsavory predilections of the jihadi hoard on the doorstep. But let's not get ahead of ourselves, so to speak.

Cross

From Christian faith to nihilistic void

This article is related to two previous ones. As you will see, the destruction of beauty (modern art), the destruction of families and identities (gender theory), and the destruction of religions show several similarities.
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Virgin Mary (Sassoferrato, 17th Century)
You might already know a bit about my grandma and her witty remarks. I mentioned her in the two articles linked above. Something I didn't share with you yet, is her religious faith.

When I was a kid, raised by atheist parents, I found it difficult to understand why my grandma was going to church, why she was interested in the Pope's doings and sayings, why she was praying, why she had paintings of the Virgin Mary hanging on walls and a crucifix above her bed.

To be frank I found all this religious display a bit ridiculous. How could it have been different, when the only thing I had ever heard about the Church was its evil deeds: the Crusades, the Inquisition and, more recently, the pedophile priests.

Grandma's religious faith didn't decline with time. She's now 100 years old and still a religious person. Each time I come back from some medical check-ups, I tell her that the results are good and she's on the verge of tears because she's so relieved. She then tells me in a soft emotional voice: "I've been praying so much for you".

I was struck by our difference in beliefs. Things had changed so fast. Two generations ago most minds were permeated with religion while my generation at best ignored it, at worse despised it.

This introduction might give you an idea of the topic of this article. We will be dealing with religions, particularly Christianity. More specifically, how religions influence us and actually how any social/cultural environment, whether religious or not, influences us. We will see that a religious environment is far less detrimental for individuals and societies than the atheist and nihilistic creed that dominates today's world.

Our social/cultural environment is made of a set of beliefs, rules and norms that basically define what is good and what is evil. For a long time religions played a major role in the definition of those items. So our first step will be to have a quick glance at how the fundamental beliefs (i.e. the cosmogony, the way we see the world) evolved over time.

Comment: On the origins of Christianity and any value system it retains after being stripped of its mythological features, readers might enjoy listening to our recent radio show discussion with author and biblical scholar Dr. Robert Price:

Behind the Headlines: The Myth of Jesus Christ - Interview with Robert M. Price


Fire

NATO Slaughter: James and Joanne Moriarty expose the truth about what happened in Libya

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Lost in a Roman wilderness of pain
And all the children are insane

- The End, The Doors
It goes without saying that we rarely get an accurate representation of reality in the corporate media, which is, after all, what independent media exists for. Last Sunday Joe Quinn and I interviewed a very ordinary couple with a very extraordinary tale: businesspeople James and Joanne Moriarty and how they escaped from capture by Al Qaeda terrorists during the 2011 'Libyan revolution'. Listening to James and Joanne tell their story, it was impossible not to be struck by the significance, for every human being on this planet, of the problem of psychopaths in positions of power.

The Moriartys present three powerful motivating factors for the destruction of Libya by Western powers and their internationalist financiers:
  • thwarting Gaddafi's plan to establish a gold-backed currency, to ultimately serve as a pan-African currency and thereby economically unite African nations and free them from Western imperialism;
  • the US desire to establish AFRICOM (military control of Africa to ward off Chinese investment)
  • an alleged $7 trillion lawsuit, on behalf of all participating African countries, at Gaddafi's instigation, to sue for damages incurred from broken treaties with European countries during their "colonial era".
So far from "freeing the Libyan people from a dictator", the NATO bombardment of Libya in 2011 was about the maintenance of US and EU domination over Africa.

But what really comes across in this riveting interview with the Moriartys is the utter recklessness displayed in Libya (and elsewhere, for that matter) by both NATO and the 'rebel' forces, as well as the relish with which they demonstrably enjoyed tearing the entire country apart. These demented animals have access to unparalleled hi-tech weaponry and vehicles, enabling them to 'achieve feats of destruction' that before only 'the gods' could perform. Their handiwork is psychopathy writ large, the nihilistic culmination of Western civilization, and the glorious - for them - embrace of the destructive principle.

Comment: James and Joanne Moriarty's website: LibyanWarTheTruth.com


Eye 2

Libya, Syria, Ukraine: It's worse than we can imagine

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Misrata, western Libya, before and after NATO's bombardment.
If you have yet to listen to last Sunday's Behind the Headlines interview with James and JoAnne Moriarty on Libya, I urge you to do so. While Sott.net carried numerous reports on the U.S.-sponsored destruction of Libya, the Moriartys' first-hand account not only reveals new details you've probably not heard anywhere else; it paints a picture that brings the stark reality home in a way that just reading reports and analyses cannot. The reality of what happened (and is still happening) in Libya is worse than we can possibly imagine.

The Moriartys were in Libya at the time of the 'uprising' and 'revolt', and the Western coalition's 'subsequent' invasion (the two were really the same thing). They saw it all first-hand. They engaged in a fact-finding mission, documenting atrocities. They were captured by Al Qaeda (i.e. the U.S.'s 'rebel allies'), interrogated and threatened with being chopped up and burned. But they managed to get out of the country with their lives and tell the story of what they saw. It is nothing like we have heard from the mainstream media.

The so-called uprising was not spontaneous. It was planned in advance. The 'rebels' were nothing of the sort. They were Western-trained, Western-financed, and Western-supported terrorists: Muslim Brotherhood, Al Qaeda, Ansar al-Sharia, the same people that would soon move over to Syria and Mali, and later become 'ISIS'. Within days, these mercenaries had already created a Bank of International Settlements-approved private Central Bank and Libya's substantial wealth (the country was debt-free), in the form of cash deposits and precious metals, was looted.

Thousands died in the first days of the indiscriminate slaughter carried out by coalition forces under the ruse of establishing a "no fly zone". The media's job was to blame atrocities on Gaddafi. In fact, the atrocities were committed by 'our guys': rape, torture, murder, decapitation, burning alive, skinning flesh, cannibalism - if you've heard about it in horror movies, it happened in Libya in the name of Western freedom and democracy. All the hallmarks of ISIS that so terrify the world today were endorsed and supported by our own governments in order to destroy Libya and prevent it from becoming a viable African alternative to Western death culture. American 'democracy' in action.

Stock Down

'F**k the U.S.!' EU economy facing major blowback from anti-Russia sanctions

© Michel Phillipsen
The peace-loving EU watches helplessly as the monstrous Russia devours Ukraine with thousands of tons of humanitarian aid... This is an illustration in a school textbook in The Netherlands, where children are being taught the American way of life.
As Sott.net reported earlier this month, this photo from a Dutch school textbook for 15 and 16-year-olds, portraying Russia as a monster with claws and fangs trying to devour Ukraine, while Europe extends a helping hand - in complete contravention to the truth - encapsulates the full-spectrum madness emanating downwards from the Atlanticist elites.

Five months back, I wrote an open letter to the leaders of the EU:
An open letter to Europe's leaders: "F*ck the EU" was an insult, not a command!
And now they have replied - sort of - with actions that make it abundantly clear that the spineless, pusillanimous pond-froth parading as 'leaders of the EU' have not changed tack one bit. The EU extended its sanctimonious sanctions against Russia, thereby ensuring more suffering for Europeans in the name of US global hegemony. The sanctions were extended on June 22nd, which just so happens to be remembered in Russia as the day Nazi Germany invaded in 1941. As a Russian Foreign Ministry statement said:
We would like to believe that it is a coincidence, and not by design."