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FATTENING WALL STREET — Mike Whitney reports on the rapid metamorphosis of new Fed Chair Janet Yallin into a lackey for the bankers, bond traders and brokers. The New Religious Wars Over the Environment: Joyce Nelson charts the looming confrontation between the Catholic Church and fundamentalists over climate change, extinction and GMOs; A People’s History of Mexican Constitutions: Andrew Smolski on the 200 year-long struggle of Mexico’s peasants, indigenous people and workers to secure legal rights and liberties; Spying on Black Writers: Ron Jacobs uncovers the FBI’s 50 year-long obsession with black poets, novelists and essayists; O Elephant! JoAnn Wypijewski on the grim history of circus elephants; PLUS: Jeffrey St. Clair on birds and climate change; Chris Floyd on the US as nuclear bully; Seth Sandronsky on Van Jones’s blind spot; Lee Ballinger on musicians and the State Department; and Kim Nicolini on the films of JC Chandor.
Sprechen Sie Greek, Comrade?

Economic Karma in Greece?

by R. G. DAVIS

If the Greeks with some effort and success will say No to austerity then Syriza and Tsipras might have a good handle on the Banks and the EU. The Banks are necessarily caught in the grip of fright. and their own contradictions — they may have to bail out Greece. If they don’t they bring on the big time wobble (a new investors dance).  Tsipras understands the EU’s economic conditions – so he says Greece should stay in the EU and still use EU currency. If, however, the Bankers and technocrats Germans French and others don’t bail out the Greeks, they may do more damage to themselves.  This is a good one, a fine turn around by a communist, and the Wall Street Journal even notes, it might work.

Here then is a story where there is no need for Sci Fi or utopian fantasies or a leap into the future rather it has a wonderful set of contradictions that are finally up on the surface.

If the Banks say no to the Greeks, pay up or your out — and drive them out, no cash, no loans,  Merkle  the hard liner,  old left German bankers in control again so what!   Well.  It might be better for Greece to be out of the EU since, Tsipras has made connections with Hollande of France and with the German Linke, and if his party is large enough they must be in touch with the Spanish and the Irish. They seem to understand they need help from the other leftists in other countries. Good. The EU leftists have not been united in any effort to stop the austerity punishment that we know of.  Now they all might begin by getting off their knees, if Greece gets its way.

Here is an opportunity to expose the austerity system, which is another way to squeeze profits out of workers, the middle class, and reduce social services, all to save the profits/what ever that may be/ sluicing to the investors.

This is a very interesting turn around – whereas the US sits on its mind while the President keeps on shoveling money to the wealthy, the banks, the traders, the financial guys the military and drones others to death,  whereas  a  young guy and a party of smart Greeks may bounce the ball and chain back to the Bankers – you have to bail us out!  Is that what he is saying? If so then I understand Greek.

R G Davis, PhD, is cleaning up a book on Ecological Aesthetics.