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Leaked IMF document says that if Greece accepts EU proposal it will remain under austerity until 2030!

“It is clear that the policy slippages and uncertainties of the last months have made the achievement of the 2012 targets impossible under any scenario,” one of six IMF leaked documents, titled the Preliminary Debt Sustainability Analysis for Greece, stated.

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Makes the YES vote seem a bit meaningless.

This story is getting way little press, and it deserves a lot more exposure.

The leaked IMF docs reveal that whether Greece signs the Troika proposal or not (votes YES or NO in Sunday’s referendum), the country is facing extremely tough times. Massive short term pain (NO vote) or a long, long, long term blood-letting (YES vote).

2030, under best case scenarios, is a long time to be under Troika austerity and memorandums.

Via Zerohedge…

Just when you think things can’t get any crazier, they always do. The Guardian reports on unpublished Troika documents that show Greece is only too right in asking for debt relief. That for the Syriza government to sign what the Troika wants to force them to sign would see Tsipras et al plunge their country into a financial hell hole.

Via RT…

Even if Greece accepted all of the austerity measures demanded by its main creditors, the Troika, it still would not be able to make ends meet by 2030, according to IMF estimates revealed in a set of documents obtained by a German newspaper.

The most optimistic scenario shows that Greece would face an unsustainable debt in 2030 even if it agreed to the package of tax increases and spending cuts proposed by the European commission, the European Central Bank and the IMF in exchange for a five-month €15.5bn loan from its creditors.

These prospects were outlined in six documents that were part of the “final” proposal offered to Greece by the three main creditors on Friday. The papers were obtained by the German newspaper Süddeutsche Zeitung and seen by The Guardian.

The estimates provide support for Greece’s decision not to accept the bailout deal. They prove that for Greece to survive economically, it needs real debt relief measures, not austerity reforms.

According to the IMF, Greece would be unable to sustain a debt level of 118% of GDP. In 2012, the organization said that 110% of GDP is the highest debt threshold the country could take on.

Currently the country’s debt level amounts to 175% of GDP, and that percentage could easily rise if the country were to slip into recession.

The documents stressed that even if Greece posted stellar economic growth for 15 years, the debt level would still be higher than 110% of GDP, adding that Greece had no chance of meeting that target.

Even if the economy managed to maintain a growth rate of 4% a year for the next five years, the national debt level would only decline to 124%.

“It is clear that the policy slippages and uncertainties of the last months have made the achievement of the 2012 targets impossible under any scenario,” one of six secret documents, titled the Preliminary Debt Sustainability Analysis for Greece, stated.

There are also mentions of much needed“significant concessions,” but no specifics are revealed.

The files were reportedly sent to all German MPs for review and approval, but were never voted on since Greek Prime Minister Alexis Tsipras rejected the proposal and called for a referendum.

Other documents reveal further details about the proposed deal. For example, there is a description of how Greece would eventually gain access to €15 billion. The plan was to consist of five separate tranches beginning as soon as June. They were said to cover Greece’s immediate financing needs, with 93% of the money going towards paying the cost of maturing debt.

Other details were about reforms Greece should be forced to implement if it were to accept the proposal. The debate over pension reforms was particularly heated. The documents show that the three creditors wanted substantial reform, including changes to early retirement penalties and the phasing out the solidarity grant (EKAS).

Late on Tuesday evening, Greece became the first developed country to default on its international obligations, after the IMF confirmed that it had failed to receive the €1.5 billion debt payment from Athens that was due by the end of June 30.

Zerohedge explains that:

…all German MPs have received the documents, because a vote on them was supposed to take place, but none have said a thing about them. Good thing one at least was awake enough to send them to the press.

So they have these docs, and then yesterday Merkel says no more talks until after the referendum, and total silence follows. Boy, has she fallen from her pedestal. We know the Troika are composed of lackeys to the banking system -and this proves it once and for all-, but Merkel is worse. And she has the entire Bundestag wrapped around her finger. Some democracy, that Germany.

But the documents were also part of a package that was sent to Greece and everyone else. But still debt relief remained off the table? What am I missing here? How could Tsipras have signed off on this? He could see the Troika’s own numbers, and still they refused to take them into account and make them part of the deal?!

The Guardian gives the write up a half-ass title, but the contents are clear enough.

References:

http://rt.com/news/270853-greek-debt-unsustainable-imf/

http://www.zerohedge.com/news/2015-07-01/leaked-troika-documents-show-greece-needs-huge-debt-relief

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Trump’s wish to take the US out of NATO leaves NeoCons seething

The US President has seen the truth of the irrelevance of NATO, but there is enormous resistance to change.

Seraphim Hanisch

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Tucker Carlson, Fox News and Russian and American news outlets alike have picked up the story that US President Donald Trump has on numerous occasions, opined that the United States would do well to depart from the North Atlantic Military Organization, or NATO.

This wish caused enormous fury and backlash from those opposed, which, oddly enough include both Democrats and Republicans. Their anger and alarm over this idea is such that the media networks through much of the US are alive with the idea of impeaching the President or bringing 25th Amendment proceedings against him for insanity!

Take a look:

Tucker Carlson, as usual, nailed it.

NATO was formed to make Western Europe secure in the face of a perceived Soviet threat. In 1991, the USSR collapsed and the threat of Ivan the Communist bad guy collapsed with it.

But 28 years later, NATO is still here. And, why?

Well, many “experts” continue to point at Russia as a threat, though after that statement no one seems honestly able to elucidate precisely how Russia would, in fact, threaten any nation, take over it, or conquer the world. Indeed, if anyone seems to understand the perversity of being in charge of the whole world, it seems to be Russia, as expressed by politician and LDPR leader Vladimir Zhirinovsky (see how this is so here).

Zhironovsky observed that China is the other nation that is running at full force, but viewing the problems the US is having with being the leader of the world, China stops short of trying to attain this position itself. The question becomes “What does a nation that rules the world actually do then?”

President Trump appears to be seeing the same question, or some similar variant based on the same theme. NATO serves no constructive purpose anymore. Despite the conflicts in Ukraine and Saudi Arabia and Yemen, Israel and Syria, there simply are no great threats in the world as it stands today. While there are certainly still wars, none of these wars represents an existential threat to the United States.

Why wouldn’t a US leader want out? In fact, there is further no existential threat to Europe from any present war, nor is there a threat from Russia itself. In fact, Russia has been entering into business relations with many European countries who wish to buy cheap and easily available Russian natural gas. Turkey purchased an S-400 antimissile system in addition to its US made Patriot battery.

There would seem to be very little in the way of concrete and reliable reasoning for the alliance to continue.

But the American Deep State and liberal establishment have come together to resist the US President in a truly furious manner, and it is revelatory of the hypocrisy of anti-Trump politics that American liberals, typically the “sing Kum-ba-yah peacenik” crowd, displays paroxysms of outrage and horror that NATO might be disbanded.

As the result of that, the American media is determined to choke off any possibility of one thinking, “well, what if we were to disband NATO?”

Why is this?

Simple. A lot of people make their living by preparing for the Russian “threat”, and it would mean the end of their work, the end of their money, and a great disruption in life. It does not matter that while this is true, these same people could conceivably apply their considerable skill sets to deal with real problems that face a world that no longer has a dipolar alignment, or to help prevent a real problem from arising from real situations, such as the recent and current Islamization of many European cities.

One of the great afflictions of American politics and policy has been that so much of it appears to be focused on “short term” or “no term” matters. We see this with the problems related to border security, the coming advent of AI-based automated processes that may furlough low-skilled workers in tremendous amounts in a short period of time. Rather than solve real problems, the elected representatives and media seem more content to oppose Donald Trump when he, as a businessman ought to do, makes a federal case out of what he sees on the horizon.

The Border Wall, for example, is a highly logical part of a properly handled set of immigration policies. But the very direct behavior of President Trump helped amplify the resentment the Democrats still hold against him for defeating Hillary Clinton in 2016, and so, the Democrats have effectively said “nuts!” to the needs of the nation and they take out their resentment on the nation by refusing to negotiate with the President about how to close the border.

NATO is another example. The alliance served its purpose. It is time for the alliance to end, or to be radically restructured in terms of new goals based in real, and not just flimsy rhetorical, needs.

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A dispassionate case for the American border wall

All the arguing on both sides is a rhetorical war that prevents action from happening. Here are simple reasons the border wall should go up.

Seraphim Hanisch

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One of the hottest news stories in the American press has been that over the border wall, proposed by President Trump during his campaign, and now resting at the center of a debate that has about one-quarter of the US governmental services in a state of shutdown. We have observed fiery, passionate, and even disgusting levels of rancor and bitterness in the political rhetoric concerning the wall. This debate goes on in the news media, and many of the Americans who watch and listen to this take on the fire of these arguments to even more passionate levels.

However, the passion has largely obscured the actual issue of border security, perhaps by design. As long as people keep fighting over it, it still is not getting done. And while thankfully the American government is designed to work very slowly in determining important matters, here, that trait is being exploited, mostly by Democrats, but also by Republicans and even possibly, President Trump himself.

The motives each side has vary.

President Trump wants Congress to pass wall funding because then it is a legislative act that the Legislative and Executive branches of government agree on. It is unlikely that the Supreme Court will be called upon to test such a resolution for its legality. This is one very significant reason why the President is trying every way possible to get this through Congress.

If he goes the route of declaring a “National Emergency” then, according to a number of sources, the first thing that is likely to happen after the build order is a lawsuit that stops the process in its tracks – probably a land-use lawsuit regarding eminent domain and damage to the properties of private citizens, who for various reasons do not want a barrier built through their lands. This is a problem that the American government has sadly created for itself with a very poor reputation of proper reparations for the invocation of Eminent Domain land claims.

This is the simplest way to explain the raison d’être behind the President’s hesitation to invoke executive emergency powers.

For the Democrats, the motive is interesting. The rhetoric from conservatives, including the President, is that the Dems do not want the wall simply because the “imposter” President wants one. 

For anyone who thinks that this is an utterly insane, and indeed, childish, argument, well, you would be exactly right. It is.

It also appears to be true. Evidence for this is shown by the fact that almost every critic quoted by the mainstream press is a Democrat. How is it possible that Democrats have a unique hold on facts that other people just don’t? Even when a Republican expresses a concern about the wall, there is still actual logistical information backing the claim:

Republican and Democratic lawmakers raised immediate concerns over shifting funds that have already been approved by Congress for projects in states across the nation.

Rep. Mike Simpson of Idaho, a top Republican on the Appropriations Committee, said he has been hearing from lawmakers in recent days concerned that Army Corps projects in their states could be canceled or postponed.

(This is a concrete situation that is based on normal concerns about money and not about ideological political views.)

“If they drag the money out of here,” Simpson said in an interview late Thursday, “a lot of members will have problem with it.”

(But now in come the Democrats, and observe as logic leaves and is replaced by fiery language.)

Rep. Peter DeFazio, D-Ore., the incoming chairman of the Transportation and Infrastructure Committee, said in an interview that rebuilding the disaster areas is “a way higher priority benefiting the American people than a wasteful wall.”

He said the Army Corps works on dams, levees and other projects across the nation and has an enormous backlog of unfunded needs. “It would be an incredible disservice to the American people and the economy” to divert the money to the border wall, he said.

And Rep. Nydia Velazquez, D-N.Y., said in a statement that it would be “beyond appalling for the president to take money from places like Puerto Rico that have suffered enormous catastrophes, costing thousands of American citizens’ lives, in order to pay for Donald Trump’s foolish, offensive and hateful wall.

“Siphoning funding from real disasters to pay for a crisis manufactured by the president is wholly unacceptable and the American people won’t fall for it,” she said.

The Republican here spoke without passion, simply saying there is concern about shifting funds for the wall. But the Democrats used incendiary language like “wasteful” and “foolish, offensive and hateful” as adjectives to describe the border wall. Very passionate expressions, which are being repeated ad nauseam by the mainstream press and all of the Democrat party.

The bias most notably and publicly showed in the accusatory language of the Democrat kingpins themselves, Chuck Schumer and Nancy Pelosi.

There is little true “debate” about the border wall. Most discussion on the news media or social media is verbal rock-throwing rather than respectful, honest and fair discussion. As noted before, this may be part of the design to prevent action on the wall.

However there are dispassionate and reasonable arguments that support the construction of this project. Here are some of those reasons:

  •  A 30-35 foot tall wall running the entire length of the border is probably the cheapest and most cost effective single deterrent to illegal border crossings. Whoever wants to cross the border has to make some provision for dealing with the wall. If that provision is rather difficult, it will dissuade most people from trying it.
  • A wall reduces the need for manpower along the border. While it is absurd to assume that the wall alone would keep every illegal immigrant out, it also facilitates efficient deployment of manpower and other means for active border control.
  • Even if the wall is not continuous along the entire length of the border (which is likely to wind up as the case), where it isn’t is easier to monitor. This is another aspect of the manpower issue. There are likely to be gaps and open spaces for a variety of reasons. But right now, there are about over 1,200 miles of the 1,954 mile long border that have no barrier present. That is a lot of space to monitor actively.

These three reasons are really so close as to be almost the same exact reason. But the arguments for and against the border wall are being conducted in an apparent context that in order to secure a border, this is all anyone needs to do. This is an absurd idea and is being used to try to deflect action.

  • The best border security systems in the world are systems of walls, fences and monitoring facilities. Even the Great Wall of China did not stop all invaders. It deterred a lot of probable attempts though. The wall was also manned so that active attempts to get through it could be stopped in active manners.
  • The North – South Korean DMZ and the Berlin Wall are also particularly effective as parts of an overall border crossing deterrent system. The fences, trenches and watchtowers along the length of these two borders create an extremely effective measure to deter illegal crossings. For example, the Berlin Wall stood from 1961 to 1989, a total of 28 years. During that period, only five thousand people crossed that border. The US Border Patrol conducted over 300,000 apprehensions of illegal immigrants crossing the border in 2018 alone.

The imagery of walls like North Korea’s and East Berlin’s are part of the reason why the border wall comes across as an unsavory idea. There is probably no American that does not know this image, and no one in the country like the idea of such a barrier being associated with the United States.

However, that is simply not the issue. The US is not a police state trying to keep people inside. It is dealing with a decades-long stretch of bad policy regarding immigration which will not be stopped except by radical means.

Many families made a very long journey this year in the migrant caravans to try to game the American system. It is understandable that many of these people are trying to get away from bad conditions in the countries they left. But taking advantage of the United States is wrong, and the wrong is shared equally by the actions of the illegals and by the weak posture of the United States herself.

The simplest fact is that only strength assures freedom. A strong border reinforces safe immigration. A strong and effective immigration policy relies on having a tightly controlled border AND an asylum and entry facilitation process that is thorough, lawful and dispassionate. The USA has had this in place in other points of entry, such as Ellis Island. Leaving the Mexican frontier open now is just stupid policy. An integrated, careful process to process would be immigrants as quickly and carefully as possible needs to become part of the new American way of doing things. There is no swifter way to guarantee overall immigration policy change than the construction of the physical barrier along the US-Mexican border.

It does not matter how anyone feels or thinks. Walls work when used rightly. President Trump’s plan satisfies all the required needs for a good US immigration policy as regards the Mexican border.

 

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US Women’s March implodes upon itself [Video]

This year’s Women’s March collapses due to not being politically woke enough, in a truly astounding fashion.

Seraphim Hanisch

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If this doesn’t make your head spin, perhaps you are either dead, or sufficiently “woke.” The Humboldt County Annual Women’s March, set for January 19th of this year got canceled because it was “too white.”

Yes. Too white. This is a county in Northern California, 270 miles north of San Francisco. According to the Wikipedia entry, on this locale, the 2016 census gave this demographic result.

In other words, the county’s own demographics are very white.

So, does this make sense? No? Well, maybe the interview will clear it up.

Still no?

It seems that Jesse Watters was just as stunned as anyone else. The expression on his face is priceless. Should I laugh now, or later? How does this woman actually believe her own rhetoric?

But the woman, Kelsey Reedy, seems to have the logic worked out in her mind.

Maybe that is because she is a woman. A liberal woman. Fantasy turned inside out. But wait! She also even included expletive language on a televised interview, which is indecent in of itself.

It would appear that being “woke” can truly turn in on itself.

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