Historically, Greeks are very good at constructing myths. The rest of the world? Not so much. Reading the press, one gets the impression of a bunch of lazy Mediterranean scroungers, enjoying one of the highest standards of living in Europe while making the frugal Germans pick up the tab. This is nonsensical propaganda, designing to justify the continued collective execution being inflicted on Athens for the sins of its fathers and grandfathers. As if Greece is the only country ever to cook its books in the European Union! The heart of the problem is in the antiquated revenue system that supports that state, which results in a budget shortfall consistently about 10 per cent of GDP. The top 20 per cent of the income distribution in Greece pay virtually no taxes at all, the product of a corrupt bargain reached during the days of the junta between the military and Greece's wealthiest plutocrats. No wonder there is a fiscal crisis.

So it's not a problem of Greek profligates, or an overly generous welfare state, both of which suggest that the standard IMF style remedies being proposed here are bound to fail, as they are doing right now. In fact, given the non-stop austerity being imposed on Athens (which simply has the effect of deflating the economy further and thereby exacerbating the very problem the Greeks are trying to eliminate), the Greeks really are getting close to the point where they should just default and shift the problem back to those imposing the austerity. It can't be worse than the slow execution they are facing today.

In reality, the Greeks have one of the lowest per capita incomes in Europe (€21,100), much lower than the Eurozone 12 (€27,600) or the German level (€29,400). Further, the Greek social safety nets might seem very generous by US standards but are truly modest compared to the rest of the Europe. On average, for 1998-2007 Greece spent only €3530.47 per capita on social protection benefits - slightly less than Spain's spending and about €700 more than Portugal's, which has one of the lowest levels in all of the Eurozone. By contrast, Germany and France spent more than double the Greek level, while the original Eurozone 12 level averaged €6251.78. Even Ireland, which has one of the most neoliberal economies in the euro area, spent more on social protection than the supposedly profligate Greeks.

The northern eurozone countries are facing the prospect of coming up with massive amounts of additional funds to avert the collapse of Europe's financial sector. There have been some hints from various sources that a major and decisive agreement will be reached this weekend... though if the eurozone crisis has taught us anything, it is that one should never underestimate the power of European policy-makers to dither and delay beyond all reasonable expectations.

At any rate, lots of people (primarily but not exclusively in northern Europe) are very angry about the massive cost of fixing the eurozone mess. Understandably so. But unfortunately, much of that anger has been specifically directed at those lazy, shiftless, irresponsible southern Europeans that are seen to have gotten the eurozone into this mess to begin with. It's not difficult to find such finger-pointing expressed in the statements of prominent European officials, or in commentary on blogs and news sites.

I've repeatedly argued that I strongly disagree with this placement of blame; the eurozone crisis was fundamentally caused by the massive flow of capital from the north to the south of Europe that was bound to happen once the euro was adopted, and the specific behavior of individual governments in southern Europe had little to do with it. But I realize that this is a relatively abstract economic argument -- albeit one with substantial theoretical and empirical support. Stories of impersonal capital flows somehow don't address the gut feeling that lots of people have that southern Europeans really are less hard-working and responsible than northern Europeans, and that those laid-back southern attitudes must have caused the crisis.

The Vatican called on Monday for the establishment of a "global public authority" and a "central world bank" to rule over financial institutions that have become outdated and often ineffective in dealing fairly with crises. The document from the Vatican's Justice and Peace department should please the "Occupy Wall Street" demonstrators and similar movements around the world who have protested against the economic downturn.

"Towards Reforming the International Financial and Monetary Systems in the Context of a Global Public Authority," was at times very specific, calling, for example, for taxation measures on financial transactions. "The economic and financial crisis which the world is going through calls everyone, individuals and peoples, to examine in depth the principles and the cultural and moral values at the basis of social coexistence," it said.

It condemned what it called "the idolatry of the market" as well as a "neo-liberal thinking" that it said looked exclusively at technical solutions to economic problems. "In fact, the crisis has revealed behaviours like selfishness, collective greed and hoarding of goods on a great scale," it said, adding that world economics needed an "ethic of solidarity" among rich and poor nations.

Washington - The United States pulled its ambassador out of Syria over security concerns, blaming President Bashar Assad's regime for the threats that made it no longer safe for him to remain.

Ambassador Robert Ford returned to Washington this weekend after the U.S. received "credible threats against his personal safety in Syria," State Department spokesman Mark Toner said Monday. Ford has been the subject of several incidents of intimidation by pro-government thugs, and enraged Syrian authorities with his forceful defense of peaceful protests and harsh critique of a government crackdown that has now claimed more than 3,000 lives.

"We hope that the Syrian regime will end its incitement campaign against Ambassador Ford," Toner said. "At this point, we can't say when he will return to Syria."

Toner said the U.S. embassy will remain open in Damascus and that the threats were specifically directed toward Ford. His return is conditional on a U.S. "assessment of Syrian regime-led incitement and the security situation on the ground," Toner said.

Lizzie Phelan was on the scene during much of the NATO campaign against Libya. Here she spells out the truth of the situation, which stands in complete contrast to NATO propaganda as spread by the mainstream media. When the video begins, you can skip to the highly acclaimed talk by Lizzy Phelan by clicking on the red pop-up bar which appears on the screen.

If you have ever wondered about the government's ability to control the civilian airwaves, you will have your answer on November 9th.

On that day, federal authorities are going to shut off all television and radio communications simultaneously at 2:00PM EST to complete the first ever test of the national Emergency Alert System (EAS).

This isn't a wild conspiracy theory. The upcoming test is posted on the Public Safety and Homeland Security Bureau website.

Only the President has the authority to activate EAS at the national level, and he has delegated that authority to the Director of FEMA. The test will be conducted jointly by the Department of Homeland Security (DHS) through FEMA, the Federal Communications Commission (FCC), and the National Oceanic and Atmospheric Administration's (NOAA) National Weather Service (NWS).

Barack Obama is a clever liar, more clever than George W. Bush. On Saturday, Obama said:

"The drawdown in Iraq allowed us to refocus on Afghanistan and achieve major victories against al Qaeda and Osama bin Laden."

President Obama deserves big props for his overall performance as a puppet and especially for this new lie. It is very clever and funny. Those who know the truth are entertained, and the sheep feel self-satisfaction for investing their trust in Mr. Obama and being rewarded for it.

But there is a sad element in all this. Obama's "major victories" in the war on terror are completely fake. Obama didn't order Bin Laden's death. He didn't stop al-Qaeda because al-Qaeda doesn't exist. He didn't liberate Libya. He didn't end the war in Iraq. He has done nothing worthy and good as President.

Obama is a pathological liar, everything that comes out of his mouth is fiction. His foreign policy consists of looting nations, raping the truth, and killing innocent people. But he announces the deaths of manufactured villains Bin Laden and Gaddafi, and all of a sudden he's declared a "war-time president." Wow. What a Great Leader Obama is. Much Praise Be Upon Him, The Merciful Allahu Obama.

Firoze Manji: Nothing in international law allows regime change and assassination of a leader

What happens when you fail to allow your people and national resources to be plundered by international corporations and the IMF?

An animated interview of John Perkins, author of HoodWinked and Confessions Of An Economic Hitman

They are difficult to detect, deadly and cheap to build. Despite the dubious legality of assassinating suspected terrorists and Taliban without a trial, the market for drones is heating up around the world. With Israel and China moving into the market, are we about to see a new arms race?

Plastic tanks and miniature models of fighter jets are on display in Steven Zaloga's home office, and his bookshelves are overflowing with volumes about the history of war. War is Zaloga's area of expertise, but even more than that, it's his business. For 36 years, the historian has analyzed global trends in weapons. He currently works for the Teal Group, a renowned defense consulting firm in Fairfax, Virginia, a suburb of Washington.

Zaloga knows exactly how and where war can be profitable at any given point. And when he discusses which weapons have the best business prospects, he doesn't spare a glance for his models of tanks and fighter jets. Those weapons belong in history books.

The future belongs to drones, remote-controlled unmanned aerial vehicles (UAVs) equipped with sensitive reconnaissance electronics and powerful precision weapons. Drones provide the kind of weapons system strategists have always wished for: They allow a military force to exert power while minimizing its own risks, and to carry out precise, deadly strikes, without sending its own soldiers into danger.