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Progressive Commentary Hour – 05.17.16

On the “Progressive Commentary Hour,” Gary talks about the European Union and what will happen if the TIPP comes to exist.

Here is the full video for you to enjoy: BREXIT – The Full Movie. BREXIT, the movie is a feature-length documentary film to inspire as many people as possible to vote to LEAVE the EU in the June 23rd referendum.

Gary plays two great clips from Noam Chosky and Yanis Varoufakis. Here is the info and links for them:

VIDEO: Noam Chomsky on why TIPP is not a trade agreement – “Highly protectionist” and “for the benefit of private powers”

VIDEO: Yanis Varoufakis on Hillary Clinton – Ex-Greek finance minister Yanis Varoufakis had a few choice things to say about Hillary Clinton. Video from Business Insider.
Lastly on today’s show, Gary talks to the great Greg Palast. Here is a brief bio of Greg:

Greg Palast is a journalist’s journalist whose news breaking stories and investigations have appeared on BBC, the Guardian, Al-Jazeera, now Rolling Stone and others. The Tribune in the UK has called Greg “the most important investigative journalist in our time.” Greg broke the stories of voter theft in Florida districts during the 2000 Bush-Gore election, BP’s corruption over the Deep Horizon catastrophe in the Gulf, the Bush administration’s secret pre-invasion plans to capture Iraq’s oil fields, and US’s attempted coups against Hugo Chavez. He has won many awards including the George Orwell award for Courage in Journalism. He holds an MBA in Finance from the University of Chicago and authored several books including “Billionaires and Ballot Bandits” and “Armed Madhouse” and “Vulture’s Picnic.” He is currently making a new full feature documentary – the Best Democracy Money Can Buy. You can read Greg’s reports at GregPalast.com

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Deirdre Fulton – After Contentious All-Nighter, Greece Bailout Approval Spurs Rebellion

In a development spurring calls for a new “anti-bailout movement,” the Greek Parliament early Friday approved a controversial €85 billion financial rescue package—the country’s third such bailout from foreign creditors in five years, and one that will require the Greek people to endure further cuts and austerity. “After more than seven hours of often passionate, bad-tempered debate, all through the …

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Ellen Brown – The Greek Coup: Liquidity as a Weapon of Coercion

“My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.” — The Godfather (1972) In the modern global banking system, all banks need a credit line with the central bank in order to be part of …

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Yanis Varoufakis – A single currency challenges national sovereignty

In 2010 the Greek state lost the capacity to service its debt. Put simply, it became insolvent and thus lost access to capital markets. To prevent a default on fragile French and German banks that had irresponsibly lent billions to irresponsible Greek governments, Europe decided to grant Greece the biggest loan in world history on condition of the largest ever …

Varoufakis: Troika Forced Syriza Into Choice Between ‘Suicide or Execution’ – Lauren McCauley

In his first international television interview since stepping down from his post as Greek Finance Minister, Yanis Varoufakis told CNN‘s Christiane Amanpour on Monday that European lenders had forced his government to make a choice between “suicide or execution.” After five months of rigorous negotiations, the outspoken Varoufakis stepped down from his post the night of the Greek referendum. And despite voting against the …

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The Greek Debt Crisis and Crashing Markets by MICHAEL HUDSON

Back in January upon coming into office, Syriza probably could not have won a referendum on whether to pay or not to pay. It didn’t have a full parliamentary majority, and had to rely on a nationalist party for Tsipras to become prime minister. (That party balked at cutting back Greek military spending, which was 3% of GDP, and which …

What Europe and the IMF Are Doing to Greece: A First-Hand Look By Steve Weissman

t the moment, we see only the dark face of Europe,” said Leonidas Fotinos. “They want to buy Greece cheap.” A large, young-looking man in his early 50s, Leonidas studied economics at university and was now running a small tour business on the historic Aegean island of Milos. He could hardly have been more removed from the street protests and …

Are EU Officials Plotting Regime Change in Greece? – MARK WEISBROT

There are various narratives for what is happening to Greece as another deadline looms – the April 24 gathering of finance ministers in Riga — and European officials show no sign of compromise. The most common is that this is a game of brinkmanship, with the Germans and their allies pushing for “reforms” that the Syriza government in Greece doesn’t …

Finance Officials: Threats To Global Economy On The Horizon – Martin Crutsinger & Harry Dunphy

World finance officials said Saturday they see a number of threats on the horizon for a global economy still clawing back from the deepest recession in seven decades, and a potential Greek debt default presents the most immediate risk. After finance officials wrapped up three days of talks, the International Monetary Fund’s policy committee set a goal of working toward …

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Lies and Deceptions on the Left: The Politics of Self Destruction

Over the past year, what appeared as hopeful signs, that Left governments were emerging as powerful alternatives to right-wing pro-US regimes, is turning into a historic rout, which will relegate them to the dustbin of history for many years to come.  The rise and rapid decay of left-wing governments in France, Greece and Brazil is not the result of a military coup, nor is it due …