"Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed." - John Maynard Keynes
We returned from our trip to Mykonos about a week ago and just wanted to write and thank you for your assistance with the booking, etc.
We were very
happy with the hotel and the location in general
and will surely return to Mykonos again.
Thank you again for your assistance.
Tasha Linden - Austria
Dear All: You did a great job of selecting hotels and making our arrangements for this trip.
The hotels were all in great locations.
Overall we had a wonderful vacation in Greece – Lloyd & Bobbie Ferguson USA
I find your Greek web site amazing! I like getting hints from local people, these are more helpful than travel guides – Ilona Mersdorf DE
Το πρώτο καθήκον ενός επαναστατικού είναι να εκπαιδευτούν. - Τσε Γκεβάρα
"Εάν κυβέρνηση απέχουν από τον κανονισμό (φορολογία), η ευτέλεια του χρήματος γίνεται εμφανής και η απάτη δεν μπορεί πλέον να κρύβονται." - John Maynard Keynes
«Δώσε μου τον έλεγχο των χρημάτων ενός έθνους και δεν με νοιάζει ποιος κάνει τους νόμους είναι" -
Mayer Amschel Bauer Rothschild
"Ο φασισμός θα ήταν προτιμότερο να καλείται κορπορατισμού επειδή είναι μια συγχώνευση του κράτους και την εξουσία των εταιρειών». ... "Ο σοσιαλισμός είναι μια απάτη, μια κωμωδία, ένα φάντασμα, ένας εκβιασμός." Μπενίτο Μουσολίνι
English Edition Published by "I Kathimerini" S.A. owned by Washington Post owned by Jeff Bezos of Amazon.
The decimation of Greek entrepreneurship has changed the economy beyond recognition, with 16,000 companies “missing” from the last count of enterprises in Greece in 2015, compared to 2014, according to estimates by the European Commission.
The declining trend is also seen continuing in 2016. Brussels believes the number of businesses in Greece came to 613,973 last year, against 630,050 in 2014.
This translates, according to the same estimates, to 45,000 fewer job and to a significantly reduced added value to the economy.
The number of the companies that closed down last year is in fact much greater, as the company numbers also include those that were created in 2015.
Preliminary data for 2016 are not at all encouraging either: Figures from the General Commerce Register (GEMI) show that in the first quarter there were 9,812 businesses written off and just 5,988 new ones registered.
This signifies a fresh reduction of 3,824 enterprises within three months.
To understand the blow that Greek business has suffered in recent years, one needs to look back at the figures since 2008.
A total of 244,712 have been lost from the economy in the period to 2015, as eight years ago companies in Greece numbered 858,685, according to the European Commission’s records. This has also meant the loss of 842,670 jobs in that period.
This Pirate Party is interesting because its International and recognized in 36 countries. The name does it a disservice IMO.
Greece has a chapter rarely mentioned but officially recognized and registered.
In Iceland its gained the majority and where likely all winter you sit around inside a lot and and surf the internet from home thus keeping in touch with your fellow citizens about civic issues.
In Greece and maybe where you live we need to be more like Iceland.
At first glance Pirates seem to be primarily about freedom and internet freedom in particular but if it gains its majority in Iceland it will need to
deal with day to day governance as well.
What these folks churn out may be a blue print or a least a forum to discuss universal human rights.
This could the germ of something bigger. We already have one world government in many ways in my opinion. Corporate Fascism.
By Michaela Whitton at theantimedia.org
Iceland’s anti-establishment Pirate Party continues to lead nationwide polls as the most popular choice for the next elections.
The party — whose policies include internet freedom, drug decriminalization, and open democracy — has consistently led the polls for the last year and, as a result, has secured more funding than any of its rivals.
The 2008 financial crisis hit Iceland hard. The following year, the krona was devalued by around 50%, unemployment doubled, and capital controls were introduce.
Miraculously, the country rose from the ashes to become one of Europe’s top performers in terms of growth.
More recently, the political establishment has been in turmoil since three government ministers were implicated in the global Panama Papers scandal.
Despite their struggle, or perhaps because of it, the list of reasons to admire Icelanders keeps on growing.
Whether it’s the sentencing of senior bankers — or the mass outrage at the offshore leak, which propelled 10%of the population to the streets and ousted the Prime Minister — the radical refusal of Icelanders to bow down and accept establishment corruption is admirable.
Because of this, the surge in popularity of the once-fringe Pirate Party comes as little surprise — recent polls suggest almost half the nation supports them. In Iceland, financial support for political parties is allocated based on how well they have done in polls.
Although the party does’t have formal leadership, chair of the parliamentary group and spokesperson, Birgitta Jonsdottir, said they did not expect the funding.
Claiming their campaign was, so far, funded at a flea market, she said that was enough and that all the party needs is to be able to pay the salaries of its employees.
“We did not expect this. We don’t care. Democracy doesn’t revolve around getting loads of money from the government,” she added.
As a member of the EU is this even legal?
Is it even Democratic?
Additionally Residents and TOURISTS pay a quarter more due to imposed 24% VAT.
Is this good for tourism and growth?
Is it good for Greece?
All Inclusive tourism with the UK, Russia and China for example doesn't help the local Greek economy - its a closed system.
Increased Cruise ships will help those ports they pay call to no doubt. Perhaps souvenir and trinket factories will benefit having closed in Greece and moved to Bulgaria.
Greece should either renegotiate the so-called-debt or default. Opportunity favors the prepared mind. A crime to waste it. In my opinion we have other options and so does the world.
The goal of this particular page of this site is that Greece or Hellas should regain sovereignty and a more business friendly environment. A trimmer & leaner less regulated and taxed Greece.
There is no place quite like Greece but right now its top heavy, dependent and stagnant. Hellas is unique and has every responsibility to remain so. The slings and arrow of outrageous history have taught the Greeks resilience but current measure exceed civilized known norms and conventions.
The new post Grexit Greece, while honing its edge, should exceed commensurate freedoms with other TRUE western democracies and regain control of its sovereignty.
Greece is the canary in the coal mine of western civilization. Greece needs a new, and for lack of a better name, Libertarian Party upholding its Orthodox Christian Values and Demographics. Greece cant afford to continue these reckless practices dictated from far away for political reasons and where its easy to scapegoat innocent Greek citizens who had nothing to do with these loans.
The first duty of a revolutionary is to be educated. - Che Guevara
Το πρώτο καθήκον ενός επαναστατικού είναι να εκπαιδευτούν. - Τσε Γκεβάρα
A government that robs Petros to pay Pavlos can always depend on the support of Pavlos.
- George Bernard Shaw
Sign the Petition to End
the Objective Tax Criteria.
Greek citizens are unfairly taxed
based on absurd criteria and even in advance.
Greece is the only country I know where they tax you in advance!
Click & Vote to End the unfair Andemeniki Kriteria
Definition of 'Lose your marbles' from our dictionary of English idioms and idiomatic expressions. ... If someone has lost their marbles, they've gone mad.
Loan Sharks (Toixoi Gylifti) Central Bankers!!! Parasite Politicians!!!!! Quit pissing us off!!!!! 23% V.A.Tax!
“For the sake of historical truth I must verify that only the Greeks, of all the adversaries who confronted us, fought with bold courage and highest disregard of death.” - Adolph Hitler
Harry's Greece travel site is for foreign travelers to Hellas (Greece) who want to get it right the first time or even make changes if need be.
Get a free quote from us without obligation and compare!
If touristic and travel services are needed then we can provide them! On a budget? Budget Greece used to offer many time honored options now complicated like you read about or see on TV.
Today in 2016 Greece is the among the most expensive countries in Europe or close to it!
Then there is the Value Added Tax of 13% or 23% depending on the nature of the goods. I liked it better the old way.
But I went to school and studied economics so must have missed the day they planned it this way.
HGTG offers plenty of free information about travel to Greece. But I alone cant keep up with the news. That's why I work with two licensed travel agencies whose job that is.
They know where to go and where the newest Island Hotspots are! 'Hotspots' is euro bureauspeak for migrant and refugee centers on islands like Lesvos and Chios.
In February, Europol director Rob Wainwright said that “Europe is currently facing the highest terror threat in more than in a decade,” referring to up to 5,000jihadists that returned from Syria back to Europe and remain on the loose.
“We can expect [IS] or other religious terror groups to stage an attack somewhere in Europe with the aim of achieving mass casualties among the civilian population,” he added.
In 2016 We are looking forward to a banner year of 26,000,000 tourists.If you believe the lies.
Picking up business from those with other priorities. Also Greece will become a cruise ship home port.
Hemp is intentionally being kept out of the main stream. What's criminal is that there are "collectives" out there who continue to demonize industrial cultivation for their own fiducuary self aggrandizement.
The system operates underwater and harnesses the power of ocean currents, effectively turning the ocean’s swell into electricity. Last time I checked Greece had 9,000 miles of coast line!
"Keiser Report" Episode 914 Max and his guest discuss renegotiating sovereign debt. How Iceland, still small enough, and with a true representative democracy, achieved it. And what informed, similarly indebted citizens, sold out by their own representatives, can still do about it.
The Restructuring bits starts at 14:22. Talks about Private Debt Vs Public Debt. Not sure what the difference is since the same banks make the loans. Greece mentioned at 15:50 or so.
Industrial Hemp has been with us for thousands of years and is one of the most empowering plants given us by nature. The Canadians and 36 other countries, but not Greece, are using Hemp in automobile and other industries including cloth, fabric, paper, hempcrete, rope, etc. and the list goes on.
There by replacing toxic Fiberglass! Hemp is an organic, ecological, and even stronger composite material. Suitable for Formula One, Marine, General Design, the Aerospace Industry, guitar bodies and whole lot more!
Greece builds yachts and many boats. Wood is expensive and fiberglass chemically toxic. Industrial Hemp composites are less expensive, stronger and easier to grow. Conceivably you could grow your own fields and like olive oil, go on to create wealth based on the number of olive trees or hemp plants grown. Hemp will grow in places olive trees wont! You can grow both. An industry with roots accessible to all. Different areas of Greece could use hemp for different things perhaps. And with a cohesive plan who knows what Greece could achieve! From Wikipedia below.
Cannabis for industrial uses or Hemp (from Old English hænep) refers to the high-growing industrial varieties of theCannabis plant and its products. Cannabis is one of the fastest growing biomasses known, and one of the earliest domesticated plants known. The plant can refined into products including paper, textiles, clothing, biodegradable plastics, construction materials, health food, animal feed and fuel.
Shrewish and myopic eyes have made big plans to monetize every aspect of Greece and blame it on you!
They know you didn't pay all your taxes! Its obvious plus they have all your previous data and figure you are a lying scumbag cheat. So they pick a number out of thin air as to how much it is you are really raking in. In their opinion.
Essentially you are guilty until proven innocent. People are understandably upset. After all what do we get for our money? Being taxed in advance is undemocratic at the very least.
Soon, they postulate, they will have pacified us with GMO foods, meat chock full of antibiotics and mandatory vaccinations. In this elite secret society manner they hope to condition us to allow the implanting of sub-cutaneous tracking chips to better protect us from the unscrupulous wolves.
She is also accused of cheating to build fake Facebook 'likes.' ... or never tweet – and she's already under fire for 'buying' fake Facebook fans ... Although Hillary Clinton boasts a robust 3.6 million Twitter followers, not even a ...
Hillary Clinton campaign buying millions of fake Twitter and ... that a large number of her Facebook fans may represent 'likes' that were ...
The Washington Examiner reports an audit of the Twitter accounts for the 2016 presidential candidates found Hillary Clinton has the highest percentage of phony followers by far, a whopping 41 percent. This means that of the 4.65 million followers Clinton claims, 1, 906,500 of them might be fakes.
These fake followers were sniffed out with a tool called TwitterAudit, which examines the activity on Twitter accounts and looks for telltale signs of falsehood, such as a very low number of tweets, small numbers of followers, and other metrics combined into an authenticity score. Its creators readily concede the process is not perfect and can have a significant margin of error. Breitbart 15-11-09
George Orwell "In a time of universal deceit - telling the truth is a revolutionary act. War is peace. Freedom is slavery. Ignorance is strength. Big Brother is watching you."
All animals are equal, but some animals are more equal than others. Orwell
Man is the only creature that consumes without producing. He does not give milk, he does not lay eggs, he is too weak to pull the plough, he cannot run fast enough to catch rabbits. Yet he is lord of all the animals. Orwell
Today, however, in order to keep face, or is it facade, bankers are using Greece as a scape goat and poster child for what happens to naughty children who think they can buck the system. Pun intended.
Because, thus far Greece's 21st century economic marching orders from Brussels are ridiculous, detrimental and only stifle the economy. Merely milking us dry as it were. Stournaris, president of the foreign run Bank of Greece, sadly acts the true goose stepping sell out.
Accomplishing Nothing as far as I can see. And doing harm instead. Negating Comparative Advantage, a fundamental economic principle.
And its expensive to live in Greece. Food, drink and Utilities in particular.
That's him above, tete-a-tete with the shadow Reich Chancellor. The Poor man. He'll find a way to make us pay. Unfortunately now its the wrong way. The correct way is to prosecute the guilty not tax the innocent.
Hoping that this way we will be distracted from the past and those who lead us into this mess. Earlier Bank toadies enabled by Pasok and New Democracy.
Outrageously they are even taxing Greek citizens in advance!
Taxing you for income before you make it!
And, if you by chance lost money, you are a scofflaw, lying and to be fined.
Toss in, that only the public utility and government employees are immune to pension cuts and that each of the 300 Parliamentarians makes over 8,000 eu a month and has several assistants earning 5k/mo. min.
And you can see that these servants of the state are out of touch and think we are stupid. Government employees just got an 8% cost of living increase in 2016.
The Social contract has been altered between homeowner and state. Its two separate classes. Them and us.
Here is what is going on in Greece. Its Democracy with paid actors and those taxed to support them. Problem is there are so many actors supported with luxurious salaries and benefits that there are not enough Greeks in the tax base to support them. Solution? Tax the buggers more! In advance and say its for the left!
The Public Sector has grown to where its large enough to keep voting its self into power. And its tendrils dig deep enough (as in people you know, that you don't want to see, loose their pension) such that it is akin to overthrowing the Tyrants of Antiquity. A Greek Tragedy for the New Millennium.
While taxes and utility bills increase with every cycle of the moon, services decrease or are, in some cases non existent.
We recall we are told there is no inflation which is not true - goods still increase in price at my super market.
Service prices, on the other hand, as for masons, plumbers or floor repairmen have deflated.
Copper wiring has gone up. Greece uses the metric system but not for plumbing supplies like pipe which are sold in inches and feet.
Also the Aegean and Ionian seas comprises a big part of Greece and local mariners use nautical mile terminology. Go figure.
A nautical mile is based on he circumference of the earth, and is equal to one minute of latitude. It is slightly more than a statute (land measured) mile (1 nautical mile = 1.1508statute mile). Nautical miles are used for charting and navigating.
With all this adaptation Greece is so good at you think that maybe we could get along with out the Euro currency if we really tried too?
What if we had our own currency again? Like we used to. It would make us more competitive. Try telling that to a bureaucrat who cant be fired.
Alternatively Greece could even join he British Commonwealth Currencies in theory. I mean since we don't have any ideas of our own. Or much credibility either. Greece owned gold once. Greece had control of its own affairs once too. A lot has changed.
In fact that is a great idea. Greece and the UK could exit together and Greece join the Commonwealth currencies.
Britain has had intimate relations with Greece for many years. Particularly Corfu.
Whats stopping Britain from forging currency alliances with Greece and other like minded European sovereign states?
Heavily indebted EU states which are already well down the path to ruination and perdition through debt enslavement and private bank issued money.
"If the Nation can issue a dollar bond it can issue a dollar bill. The element that makes the bond good makes the bill good also. The difference between the bond and the bill is that the bond lets the money broker collect twice the amount of the bond and an additional 20%.
Whereas the currency, the honest sort provided by the Constitution pays nobody but those who contribute in some useful way.
It is absurd to say our Country can issue bonds and cannot issue currency. Left Federal Reserve Note
Both are promises to pay, but one fattens the usurer and the other helps the People."
- Thomas A. Edison
As our Hellenic paper currency' badge of authenticity, what shall Greece choose? How about our coins? I believe we will always require a physical hold in hand type of currency in addition to a digital one.
Greece needs to reorganize a couple of dynamics. Figure out what its best interests are. Today nobody in his right mind wants to invest in Greece and we are leaking business like a sieve.
Greece should use its head to think both in and out side the box.
Instead of calling our new issuance the Euro or New Drachma we might want to look around and see what other currencies are in circulation and how they compare to new technologies such as bit coin. Bit coin or block chain technology is safer the more people use it.
I have a good video below which portrays bit coin as a potential sea change.
Just think, what if Greece took the initiative and announced a Greek government 'guaranteed*' Bitcoin platform open to all?
Greece would reap huge benefits by enabling bit coin. Providing a backbone core system of linked fail safe servers to provide a bit coin Fort Knox and stuff.
Greece could morph into the rock foundation upholding the sanctity of Bit coin and blossom into a new Digital Switzerland. For Greece to sell you Bitcoin you would have to buy with accepted script: dollars, yuan, renimbi, euros and so on.
In one scenario, Greece might cash reserve-sit on 75% of this money. Regular Western banks are highly over leveraged with debt. Greece's product wont draw if it doesn't offer a solid diaphanous understandable frame work. Greece's OPAP gambling and lottery is a world wide model of how Greece can achieve prominence technically if not ethically.
Lets fantasize! What would be the best place for Greece to reinvest this money? What Western banks do is buy more gold. They hoard gold and silver to keep it out of circulation and our sight and mind. They can print money and debase the currency with eclat this way.
What else should Greece consider doing with surplus money I wonder? Greece current liquidity problem might become an over abundance of solvency issue. A la Yiannis Varoufakis speak. If such a scheme took fruit what would an entity like Greece do with that money? Pay back its debt no doubt. But become too big to fail.
Debt aside, other worthy options should include reinvesting in its self and also Gold, Silver.
We'd shy away and steer clear of any Goldman Sachs sure fire schemes of collateralized US auto or student loan debt. We could invest domestically with our own money in the Amusement park multi-plex I-max Cirque Gymnastic School I outline below at the old airport in Athens. We would reinvest in the future of Greece and improve medical and educational ministries to name only two.
Digitally, Greece, if forgoing, branded printed and minted coins for money and using only BitCoin, Greece wouldn't need it own currency would it? Or perhaps its particular bit coin would need branding. Grit Coin perhaps.
Electrical Power consumption is an issue in Bitcoin mining. Which currently (pun intended) uses a grid intensive carrot and stick approach to encourage bit miners. Here is a great Bitcoin article I read on the Motherboard site by Sebastian Deetman.
Watch this short introduction to a bit coin wallet. Bitcoin cuts out the banks. Graphocracies hate it. It makes them redundant! Regulators & Revenuers get a real job and put some cheese on that sukka!
By a separate App designer, this is a video about how to use their Bitcoin Wallet and how simple it is to make transactions. No Bank fees, no monthly statement. Its like a prepaid cash card but different.
Now we have capitol controls and cant move funds around. Some are calling it correctly: stalling!! They have no answers is why! Punishing the wrong people.
Meanwhile back at the spiti (house). Old Greek Money! Only 14 years and I still miss it. I had a better deal before! We all got a better deal. You know that billions have flown from Greece before the imposition of capital controls 10 months ago?
If there was a reason - like a stronger exchange rate vis a vis the new drachmae - then money would flow back into Greece and commerce would expand.
This way we are being punished for financial crimes committed by Pasok and New Democracy. You cant make a silk purse out of a sows ear Mr. Shrewball.
Especially when your ilk are the so called shepherds responsible for our poor animal husbandry.
For up to the minute 2016 pricing use the inquiry links at the top of each page.
Featuring the Greek Islands and classical mainland, we offer conventional Greece tourism such as tours and cruises and alternative Greece tourism including self walking tours, guided walking tours, hiking and rafting in Greece.
You can also discover many Greek travel ideas using the drop down menu above. If you want to book your rooms on line yourself or through a computer hotel portal compare their prices and ours!
Please compare our prices before you book through a hotel site or portal.
Visit our Greek Island Ferry schedules resource links. Then learn how and when to reach the port of Piraeus from ATH or Athens Eleftherious Venizelous Airport. Or we can arrange transfers in a/c comfort.
Dear Harry: So sorry about the trouble on the Greek islands! I have been in contact with 4 travel agencies since February none of whom had time for me. However your web site and people gave me all the information I needed and I am so grateful for that!
I could not have made my choice's with out you. This is a birthday present for my daughter and her birthday was Friday. I needed to put it all together for her party. Thanks so very much - Carole USA - A Travel Agent
Hi Harry: I am a travel agent in Australia and a came across your site on the internet. I have a client ( 1 single lady) looking at visiting the Ionian Islands. She is also looking at extending her trip.
At this stage she has about a week but is flexible. She was also taking about visiting as many Dodecanese Islands and the Cyclades. I think in total about 2 months.
Are you able to assist in helping me plan and book her itinerary. Look forward to hearing from you. Many thanks Gail Burling Mobile Travel Agent Australia
Dear Harry: I am contacting you on behalf of a tourist operator from Sofia, Bulgaria called Iskoni.
We have a tourist group which is visiting Vergina on the 31.May and we need a licensed guide. It is clear from your site, that you work in this area.
We are interested to hire a guide who works in Russian, since our group leader does not speak Greek. I kindly ask you to contact us, if you are available on the 31.May or could provide us with contact details of other licensed guides who could be available at the time.
I am looking forward to receiving your response! Best regards,Kristina Dragneva
You may be wondering if Greece and or the Greek Islands will be inundated with a raft or 22 a day of last minute arrivals and those without reservations? Will it be confined to the Dodecanese only?
Harry's Greece travel partners are fully operational and renown for their exceptional customer service at no extra charge! How can this be possible you ask? Especially in this day and age? You make it so. You and Angela Merkle!
Since there is a lot going on in and around Greece at the moment, first timers likely need our local expertise more than ever. There is a right way and the wrong way. Its the New Normal!
Using HGTG is the right way and we'll save you money too because it will save you mistakes and clear up misconceptions. Make you aware of potential sea urchins, jelly fish stings and shale beaches in the wine dark seas.
This Reporter delves deeply into the collusion between the Federal Reserve and the Justice Department. Its remarkable that none of the bankers have been jailed and only fined over and over again.
These are the Banks Greece does business with and the real reason we are in the mess we are in.
This is the short version about the Federal Reserve and why its so insidious and harmful.
Its worth watching for a quick exposure to this topic. Even if the the narrator is a bit too vituperative and scathing for the context of the video.
In my opinion its still worth your valuable time.
Its worth listening to Karen Hudes, a famous whistle blower employed by the World Bank. Karen talks about the global economic reset and how Germany is upset with the Federal Reserve.
Karen differentiates between the US Dollar and the Federal Reserve Note and opens our eyes to the economic reset on the way.
Additionally, and to make sense of it all, I made it as easy as I could to find the major Greek Classical sights/sites. As well as popular fun Greek islands, mainland beaches and resort spots too! Cultural, lingual, and practical information is all there for you too.
WARNING Below this line you leave the strictly touristic aspect of this site and enter the Greece you may prefer us to shield you from while visiting.
My country is being raped and our individual liberties revoked. I am not going to take it quietly so forgive me for voicing my concerns.
Recently I have added even more information about Greece. This behind the curtain aspect of Greece concerns the heavily increased taxes we now pay for living in the wonderful fairy tale which is the New Greece and for using the Euro Zone Currency. Your financial support is welcome and needed to increase monetary awareness and the awareness that financial reform options are available.
Here is what's at stake for the UK if they leave. I wish Greece had these problems! Lets not forget the 22 countries the UK already has a monetary relation ship with.
I say again the EU is designed by bankers for bankers. Dear Reader am I wrong?
What do you take away from this below from zerohedge.com Feb 19th 2016.
The old British Empire, we are told, was dismantled after World War II beginning with India and the activities of Mohandas Gandhi.
A number of the countries that have been de-colonized are republics. Because several left the Commonwealth, they established the London Declaration which provided for members to accept the British monarch.
As Head of the Commonwealth regardless of their domestic constitutional arrangements, and are now considered by many to be the start of the modern Commonwealth.
The population of the Commonwealth is about 1.8 billion people which comprise about 30% of the world's population. India is the most populous member with a billion people while Pakistan, Bangladesh, and Nigeria have more than 100 million people.
The land of Commonwealth nations equals about 1/4 of the world's land area. Membership is open to countries that accept the association's basic aims. source
Political instability arising from European states’ crippling debt burdens may lead to the Eurozone’s implosion, ex-Bank of England (BoE) governor Mervyn King has said.
The former central banker and staunch Euroskeptic made the prediction in his latest book, The End of Alchemy: Banking, the Global Economy and the Future of Money. The newly published work, which is being serialized in the Telegraph, calls for tighter Eurozone integration and significant debt write-offs for Europe’s most austerity-stricken states. However, it also acknowledges such a policy path is dependent on stronger EU states’ willingness to bail out their debt-shackled neighbors.
In its pages, King argues Europe’s monetary union has created a “dangerous” cocktail of conflicts between bureaucratic EU elites and sovereign states.
He predicts that peripheral EU nations will grow weary of the effort needed to sustain membership of the Eurozone, despite the fact an exit could breed chaos and plummeting living standards. “If the alternative is crushing austerity, continuing mass unemployment, and no end in sight to the burden of debt, then leaving the euro area may be the only way to plot a route back to economic growth and full employment,” he warns.
King's book examines the future of banking and a range of imbalances in the global economy. The Ex-BoE chief argues that the world will face future financial crises because the issues that created the 2007/08 crash have not been resolved. Source
We contend that for a nation to tax itself into prosperity is like a man standing in a bucket and trying to lift himself up by the handle - Winston Churchill
First they give us the euro currency and now they want to take it away as in all cash gone!
Second they sell us three submarines that wont float and then tell us we are NOT patrolling our borders!
Third they tell us the Olympic Games will be good for Greece instead of the catastrophe borrowing for it has caused.
Left: the Oracle. Right: The Grinch!
Bring the Olympics exclusively back to Greece.
If these banker led politicians knew what the hey they were doing? Then why are we in this mess? They don't know and change the rules as they go along. Its Hitler in the bunker all over again.
Extend and Pretend, Fake it 'till you get strung up by your heels like Mussolini was! Its coming!
According to the president of the Hellenic Confederation of Professionals, Craftsmen and Merchants (GSEVEE), some 6,000 Greek enterprises have emigrated to Bulgaria in the last couple of years alone.
At the same time, the GSEVEE chief says, Greeks are behind about 60,000 new tax registrations and bank accounts in the neighboring country.
The interventions planned for the social security system can only be expected to lead to more Greek firms emigrating.
Regarding their participation in tomorrow’s general strike against the government’s planned pension reforms. The two unions warned that manufacturers and merchants will not stop at this strike, and will escalate their industrial action further.
Greeks’ faith in the European vision appears to have been particularly shaken. The first major survey found that 46.2 percent of Greeks believe that the country has recorded net losses in terms of financial growth and well-being from its membership in the European Union.
The fact that just half of that percentage, or 23 percent, wishes that Greece had left the EU is due to the fears that Greece’s position outside the bloc would deteriorate further.
Greek society today appears practically divided between Europhiles and Euroskeptics. This is a split which, as long as Greece remains in a structural crisis, could evolve into a new division,.
Daskalopoulos attributed the growing Euroskepticism among Greek society to “the continuing crisis, the pointless clash between supporters and enemies of the bailouts for six years, as well as the inflexible economic dogma for austerity that has been testing the stamina of our society.” source
And yet, despite the aggressive push to force everyone out of physical cash and into digital money, the experiment has so far failed. How long until the IMF, Troika, or Quadriga or whatever it is called these days, uses Greece as the Guniea Pig for the next monetary experiment, and "advises" the Syriza government that if it wants the bailout money to flow, it will have to do away with all physical cash within its borders. A successful implementation, first in Greece, would then mean that the global decashification process can continue in other western nations.
The European Union was designed by bankers for bankers and adds unnecessary complexity (more politicians and regulation than we need) and cost. Greece already has too many politicians and too much regulation.
It also homogenizes Europe by taking away sovereignty having bribed our politicians into agreements good for them but bad for the populace. As long as these politicians are enabled by the EU we will suffer.
In Greece & Brussels the public sector is far too big. A large percentage of the 650,000 Greek public sector employees would find work if the economy was a free market one.
"Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed." - John Maynard Keynes
"Give me control of a nation's money and I care not who makes it's laws"- Mayer Amschel Bauer Rothschild
“Fascism should more appropriately be called Corporatism because it is a merger of state and corporate power”. ... “Socialism is a fraud, a comedy, a phantom, a blackmail.” Benito Mussolini
...I am convinced that the agreement [Bretton Woods] will enthrone a world dictatorship of private finance more complete and terrible than and Hitlerite dream.
It offers no solution of world problems, but quite blatantly sets up controls which will reduce the smaller nations to vassal states and make every government the mouthpiece and tool of International Finance.
It will undermine and destroy the democratic institutions of this country - in fact as effectively as ever the Fascist forces could have done - pervert and paganise our Christian ideals; and will undoubtedly present a new menace, endangering world peace.
World collaboration of private financial interests can only mean mass unemployment, slavery, misery, degradation and financial destruction.
Therefore, as freedom loving Australians we should reject this infamous proposal. -- Labor Minister of Australia, Eddie Ward, during the inception of the World Bank and Bretton Woods, he gave this warning. And so it forments.....
I don't have all the answers or solutions and anyone that says he does is lying! But I have a few!!!!
I ask people to name just one thing they like about the Euro as we've known it.
So far only the convenience of not having to exchange currency is the only response I've gotten. Prices have gone up from week one of the euro. I was here, I am still here.
Greece wanted to prove that it could put on an Olympic Games so we got into debt. They were warning us back then that borrowing for Olympic Expenditures would lead to trouble and here it is!
As to Greece leaving the Euro and other mongering-grandstanding. In my opinion there really is no Europe with out Greece. In Greek Mythology Europa was raped by the Zeus. Europe is still getting raped but by the bankster.
Europe is a Greek word! So is Austerity. So is Economics. Its not what Europe can do for Greece its what Greece has already done for Europe and the Christian world! Bible is a Greek word too and in the Bible it says: "Money is the root of all evil".
Greece is the alpha and omega of Europe. Its cradle and its crucible. Modern Greece, for all its its current faults still has plenty of historical moral high ground to be proud of unlike Germany, Italy, Vichy France and Spain. Greece is the best thing to happen to Europe!
We remain true to our Christian Ideals. We said no to Hitler. Defending Greece we handed the axis its first defeats. We have fought hard and we have worked hard. Are we to trade our life savings away?
Its time for Greece to quit allowing so many politicians to feed at the public expense and bind us to disastrous agreements.
And with our pension money to invest with known bankster criminals and smiling all the way to the bank politicians.
We should do as Iceland did! Now instead we are yoked for another 50 minimum years of debt! Excuse me? This is Leadership? This is Vision? This is the Plan?
Send your ideas to: hgrant-at-otenet.gr and I'll put them on line and give you credit if desired.
Put Lets Save Greece in the header of your e-mail. Kindly Be positive.
“A creative man is motivated by the desire to achieve, not by the desire to beat others.”
If you get all your ideas from bankers you are going to end up with one thing Guaranteed. DEBT!!!!!
Here are a few ideas of mine:
Bring the most Greek thing of all back to Greece, the Olympic Games!
And exclusively to Greece. We have the Stadiums, lets use them!
We may even be able to pay for them this way.
We invented the Games and Stadiums too!
We may have lost our marbles but we aren't crazy.
I'd love to hear about the legal title rights to this particular Greek franchise.
I don't believe they can stop a determined effort on our part.
Does Greece have the initiative to focus on a goal it can actually win, that will encourage tourism, create jobs and I believe, for which we are eminently qualified?
The Olympic Games is part of Greece's Heritage and should not be for sale or leased like Gold.
Or, and perish the thought, is all that Greece', so-called committee, lets ask Brussels, leadership know?
Paternal, central bank hoop jumping motions...supposedly with pensions as a tier one priority. Round up the usual suspects!
Greece could also deal with the doping aspect of professional sports in a variety of ways. It could ignore it altogether and thus fuel a TV frenzy of coverage and ensuing TV residuals, satellite feeds and concurrent economic benefits. That way both types of games could coexist.
Or Greece could guarantee a doping free environment to which no one would give credence and which would compete with the incumbent. Winter Games would be tough, that's true, but not impossible perhaps.
Or Greece could have amateur sports events to which everyone came. They come for the Marathon and they'd come for these too!
With the best roller coasters and amusements in the world. This will draw tourism. Family and youth.
Additionally make it an extreme sport destination and metro link it too!
There are many tangental complimentary things Ellinikon could draw world wide crowds for! Cirque and Acrobatic skills for example.
The Chinese, Canadians and Ukrainians teach these skills! Why cant we partner with them and create a unique facility or two or three?
Greece is already a tourism destination and offers a better climate and more central location. 11,000,000 people pass thru Greece in a good year if you believe. Apparently that is not enough to pay our bills. So lets provide full time spectacle and a full time teaching/work university. Bread and Circuses worked for the Romans.
There could also be an Aquarium and the latest exhibitions and art. Easy transportation a must in such a location. Such a park could be something to spread skills and unify us because the EU values aint doing it!
We don't need another fooking mall with the same olde overpriced shite in it!
If you get all your ideas from bankers you are going to end up with one thing guaranteed. DEBT!!!!!
But how are we going to pay for it Harry? We can crowd source. Issue Bonds kinda even but not through a broker!
Money you could spend on your vacation in Greece perhaps?
We don't need no stinking central bank. We need Pay Pal. If every Greek in the diaspora and here in Greece put in 10 euros we'd go from there! But we need the system behind us instead of grinding us down.
Ayn Rand — 'The question isn't who is going to let me; it's who is going to stop me.'
But before we get to that, some back ground ambient noise and writing on the wall.
Learn from Dutch hedge fund manager Willem Middelkoop how Gold is a good thing and how bankers hate it because it keeps them honest. Another economic reset is on the way but exactly when and how is anyones guess.
Willem talks about the dollar being diluted because so many have been printed. He explains the history of money and how easy it is to change it.
Watch as these cagey lawyers explain to us how privileged they are as a class in US Society. Learn how they use loop holes in the very laws that they write themselves to protect the wealthy.
These particular shysters include the big names in the field and are looking to pick up foreign business from an undisclosed banana republic dictator.
If Greece was a nurturing and competitive environment the economy would improve. Also the additional layer of Euro Government usurps Greece' freedom and self determination economically and in the eyes of anyone with eyes to see!
Greece doesn't need the European Union. Greece, perhaps, when and if considering a union, Hellas should make its own Union with Bulgaria and the other Balkan states and even Iceland, Italy, Spain, Portugal, Israel and Egypt.
Those Greek travelers considering a visit will see that besides the information contained herein about travel and vacationing in Greece, Harry is willing to show you the taxing side. Expensive newly invented and unconstitutional taxes which certainly change the social contract between state and private property holders.
Sadly since the euro currency inception there is 23% Value Added Tax more to everything you purchase in Hellas. Besides just laying on the beach, playing with your electronic devices and making friends and influencing people. For Island hoppers, one set of extenuations will exist, and for those confining themselves to the mainland, another. For those of us behind the curtain of 'the good time to be had by all in Greece' my small voice squeaks shrilly!.
In general for first time visitors, High Season is when you'll appreciate your informed travel professional and having used our services the most.
What would Henry Miller or John Fowles do before evoking Greece on the printed page? I tell you what I do!
Down a sfee-nakee or two of Greek brandy, ouzo or raki with appetizing mezedes. Grilled Octopus if I can get it!
Because Greece has a long history of distillation, occasionally, counterfeit name-brand, imported liquor, called 'Bomba' maybe be foisted upon you. Drinking the local Greek distillations ensures authenticity.
Imbibers will gain new respect for the kefi inducing power of these ancient Greek cultures refined to time honored levels. Each domesticallity and island, in fact, often has it own local liquor.
Usually focused on indigenous flavours using various herbs such as the palette cleansing mastich of Chios Island. Gum Mastic from Chios is the original Chewing Gum.
Mastich (a bushy plant) refuses to be transplanted and wont grow anywhere else but on Chios.
Similarly also in ancient and not so ancient time, the wine, 'Malmsey' loaded from Monemvasia Peloponnese was highly prized by those affluent enough to drink it.
c.1400, type of strong, sweet white wine, from Provençal malmesie or Middle Dutch malemesye, both from Medieval Latin malmasia, from Medieval Greek Monembasia "Monemvasia," a town in the southern Peloponnesus that was an important center of wine production in the Middle Ages, literally "only one entrance," from monos "alone, only" + embasis "entering into," from en- "in" + basis "a going, a stepping, a base" .
Corinthian Currants and Grecian grapes as well as wheats and grains have been cultivated here from antiquity and which knowledge was part of the Elysian Mysteries. Lets preserve and honor this unique Hellenic heritage and in more ways than one and build on this tradition of innovative excellence and astuteness. Meanwhile....
For those really planning a last minute visit and even hard boiled, confirmed, sun worshipping, island idolators, feverishly mapping their itineraries, Y'all know to stay within one island group. Keep things simple - avoid travel time.
This way you will receive free of charge, Oracle like insight using this nifty ferry schedules Greek islands route map.
There are 7 Greek Island groups. The Cycladic archipelago grouping is ideal. If you're planning a whirlwind tour of the islands in three days.... that's something best left to a travel professional who will be on top of things if need be. And hopefully talk you out of it. You know who you are!
Invariably flights and ferries get delayed and canceled due to high winds and other reasons.
Since 1999, HGTG has been offering full service travel arrangements from 5 star luxury on down. Hotels, walking tours, guided tours, cruises, transfers, ferry or domestic flight tickets and even private taxi tours planned around the sights you have always found romantic.
Want to know how to get to the Greek Island ferries from the (ATH) Eleftherious Venizelous airport? Allow 2-3hr transit time.
On the subject of your lodging location, consider techno noise at night - revelry or quiet is something to consider when visiting party islands. For instance, Mykonos or Santorini are known for their bacchanalian rites of summer and historically important sights/sites being Delos and Akrotiri.
But you may find this noise pollution problem where ever you go in Greece. And likely will.
Its part of Greece' charm or problem depending on your perspective. Other peoples unreasonable decibel music.
And why? To pay off debts, incurred not by the average Joe, but by the known~unknown, (corrupt politicians) which have already wired their money exo (out of Greece). Records exist of each and every one of them. Syriza is just PANSUK all over again but worse!
Is a clean reassessment and self determination of the true value of our Greek Identity a bad thing? But what Criterea do you use. Watch the below video to see how phoney many of the studies we are sold as truth are lies. Big Pharma, Big Government, Big Brother! Big Bankster!
Is it possible to really be responsible for a intangible digital debt incurred by criminals with other criminals? I didn't sign any loan agreements. Neither did anyone on the street. We never saw this money. It was never really in the grass roots Economy. So what would really happen to the grass roots economy if we defaulted? And if we leave the euro currency? What then? In fact what would happen if eliminated many of the parasitic ministries of government? A Huge weight would be lifted. Ena Varos!
Currently we have capitol controls and the banks are using Greece to see how far they can take away our rights before we implode. We are being forbidden to use cash and forced into bank transactions.
OK we are paralyzed! Happy now? I can take 430 euro a week out of the bank. So its a banking problem really and its not a civilization problem. Its expensive bureaucratic, accounting 'make work', it demands growth or more debt which is so-called 'growth' where the bank extends you credit.
It calls itself the Bank of Greece but its not. Its run under the auspices of the ECB. Its what ever they say it is. If they knew what they were doing it would be easier to swallow but if they knew what they were doing, then why are we here now?
Greece has to recognize its self for what it is and work in harmony with the synergies in its favor.
Tourist attraction is a great start, add some other reasons for people to want to come to Greece. Health tourism, panorama, acrobatics and many other specializations can make Greece a very cozy corner.
To grow a self sufficient and fertile business friendly economy we need less regulation, less bureaucracy eliminate government red tape and rubber stamping. Let the regulators in Brussels enforce these reforms on their peers here in Greece to become indispensable.
Since entering the EEC and the euro currency the burden on the Greek tax payer has increased, not decreased in terms of public sector employees and their wages, benefit packages, pensions and so on.
To enlighten the entrenched bureaucracy and create a uniquely Greek culture unfettered by excessive regulation and tax.
Generating and creating wealth for everyone.
Overly complex Burocratic Lobbiest and Specail Interest Dream Come True. Made by Bankers for Bankers
Todays system eg. a dual layer of government creating a para nation of bank clerks, tax accountants and efforia is so Byzantine and counterproductive. Did I say stifling?
Explain to me the benefit of this heavier fake it till you make it burden
and why my desire to want to be in the present day 40 mile, 50 year train wreck of extra expense?
So what did we used to do anyway before the euro currency switch only 12 yrs ago?
Is our memory really that short?
Didn't seem to be a big problem then. Today we trade with Turkey and they aren't in the so called euro zone. OMG they use the lyra!
Or and this is interesting, we can be like Zimbabwe and switch to the Chinese yuan. Or like the Turks just next door we could switch to a more gold based economy. Right next door. Right now 3/4's of Turks don't use banks!
It appears there is another way! Icelands' citizens obviously have more control over their government than many other small countries. They also have good memories of what it was like before they liberalized their banking Industry and ended up debt enslaved! Its didn't even take 10 years for it to befall them either. They are saying NO and jailed those responsible.
Rick Simpson, one of the world’s cannabis icons and activists for legalization of marijuana, has healed more than 5000 people with cannabis oil – after he was diagnosed with the most severe skin cancer in 2002 and cured the dreaded disease using hemp oil.
Rick, a self-taught doctor, otherwise a mechanical engineer from Canada, told Telegraf how he conquered the carcinoma and fought against the government and corrupt doctors, as well as shared the recipe that kills all types of tumors and a vast variety of serious health issues like diabetes, arteriosclerosis, multiple sclerosis, epilepsy, asthma, and psoriasis – in 90 days
Create Jobs, Medical and Health Tourism
Reduce Climate Change with a Hemp Industry. Offering logistical advantages and commodity independence including Big Pharma
Practically No carbon footprint. We could replace plastic bags with Bio hemp shopping sacks. They would dissolve in the ocean instead.
Develop a Hemp industry, recreational and industrial. It grows with far less water than cotton and you can even build houses with it and a whole lot more! Hemp is the most useful plant on the planet and a super food. Hemp oil can cure cancer and many other diseases, fuel your car and heat your home. Lets decrease dependency not increase it! This boon is staring us in the face, lets use it!
1941 Henry Ford finishes making a car built almost entirely from Hemp and which ran on clean burning Hemp fuel. The car being 30% lighter than steel cars therefore required less fuel. Its light-weight bioplastic body panels were many times stronger than steel – could not be dented with a sledge hammer.
“Why use up the forests which were centuries in the making and the mines which required ages to lay down if we can get the equivalent of forest and mineral products in the annual growth of the Hemp Fields?” – Henry Ford
Legalize recreational & health marijuana its a cash cow for states in the USA & Holland.
Greece can provide the CURE FOR CANCER. I think there is money in that, not to mention the good karma and saved lives. Do we have leaders able to recognize and act is the question?
Though the government has long known about the medical benefits of cannabis — it holds patents on several medicinal qualities — the National Institute on Drug Abuse made waves this year when it published a document acknowledging the healing properties of cannabidiol, a non-psychoactive endocannabinoid.
In particular, it noted “[e]vidence from one animal study suggests that extracts from whole-plant marijuana can shrink one of the most serious types of brain tumors.” Though more research is needed, the government’s admission was unexpected, albeit welcomed by many cannabis enthusiasts.
Though many Americans still faced criminal prosecution for treating themselves and their children with cannabis, 2015 demonstrated the long-term trend of decriminalization and legalization will not be reversed. Nations around the world, from Ireland to Costa Rica to Canada laid groundwork to legalize marijuana to various degrees, while a majority of Americans now support legalization.
The rate of absolutely zero deaths from a marijuana overdose remained steady from last year, according to figures released this month by the Centers for Disease Control.
But while Americans aren't dying as a result of marijuana overdoses, the same can't be said for a range of other substances, both legal and illicit.
A total of 17,465 people died from overdosing on illicit drugs like heroin and cocaine last year, while 25,760 people died from overdosing on prescription drugs, including painkillers and tranquilizers like Valium, according to CDC figures.
Opioid overdose levels rose so sharply in 2014 -- spiking 14 percent from the previous year -- the CDC described the levels as "epidemic."
"More persons died from drug overdoses in the United States in 2014 than during any previous year on record," the CDC reported earlier this month. More...
Working with our new partners, the Chinese, and bringing Traditional Chinese medicine Teaching Clinics to Greece for our own health and for medical tourism purposes. Lets not forget the Tao or harmonized side of China's superb cultural heritage. Acupuncture, TCM, Qi/Chi Gong and much more could be taught here in Greece with the help of the Chinese.
Besides the new campus, and a spa or three, wont someone please open some decent Chinese and Thai restaurants too! An authentic Chinese supermarket would be nice too!
Greece has many of its own botanical microcosms local herbalists already use to good effect, including herbal teas and culinary herbs. This is the Chi Gong method Harry has been using for 8 years and makes no money from his recommendation.
The USA's 3rd Ethic is a 501(c)(3) nonprofit organization that seeks to increase public access to local and sustain ably grown food. We do this by empowering community based food networks through a mixture of direct civic action, education in regenerative agriculture, project development, and supporting citizens with the resources to start their own local food initiatives.
3rd Ethic organization is part of a growing agricultural movement which seeks a balance between social equity, fair economics and environmental stainability.
Aquaponics, Aquaculture, BioChar, BioReactor, BioGas, Rocket Stoves, Greenhouses, Cobb construction, Superadobe/Earthbag, Earthships, Passive greenhouse.
While the Politicians are all pointing fingers at one another and busy playing Greece' national game "More Left Than You"...tax payers taxes go up!
While they themselves, are exempt from capital controls!
"Everybody talking about justice, justice long as its business first!" - Mose Allison
In classical Greece and Perikles time those responsible would have been thrown to their deaths.
This is what my taxes get me. Here in central Athens Exarhia Sq. I have people screaming 'till dawn out side my front windows - banging on pots, frame drums, saxophones, guitars, boom boxes playing loud music at 5 or 6 in the morning.
And these aren't anarchists. Anarchists are more serious people that, believe it or not add stability when they arent rioting.
And its fashionable to be anarchist. The hottest babes are anarchists. Still, they destroy property and in the end need to re-formulate the message they want to give the world.
If they want popular support they need better PUBLIC RELATIONS. Is there a platform or what? People need honest patriotic government and solutions, not new problems. Negatives have to be replaced with positives.
Mostly those making the noise are 'hapaikias' or pill heads and victims of the exuberance of youth leavened with assorted detrius and flotsam from shores near and far.
The police wont do anything about these other people. They wont even come if you call them. It was dawn when they stopped this morning. Every night, except in summer, when, I guess, they go to the islands.
And out back is a restaurant - its more like a factory really, and the chef starts banging on katseroles (pots and pans or casseroles) about 5 am 365 days a year.
But on Saturday mornings, this particular woman employee, who is probably illegal, starts screaming at everyone at work and I know for a fact whole adjacent buildings are bothered by these noises and more.
Because in addition to that we also have the restaurants loud A/C unit on the roof of a separate building because he has 6 locations within 50 meters, we also have his dishwasher banging plates at all hours, and lastly we have the smells wafting into our bedrooms.
I have personally asked the owner 3 times to do something about the noise and each time he says he will but never does. Doing a little soundproofing does not sound unreasonable to me.
Cash "under the mattress" totaling more than 15,000 euro, jewelry and other valuable items such as diamonds and gemstones, should be declared to electronic system of tax authorities, Taxisnet, as of 1 January 2016.
Next to properties and vehicles and shares, now the taxpayers will also have to declare their deposits. And not only that. They will have to fill if they rent bank lockers and if yes, also the name of the bank and the branch, even if abroad.
Average Greek citizens have been brow beaten so much by the entrenched bureaucracy, red-tape and rigmarole that they know its useless to complain unless they oil the machine or a bunch of them show up with pitch forks and torches.
Greece is a lot like Castle Dracula with our life blood being sucked by bloated apparatchiks in the Eu and on Wall Street and particularly here in the top heavy government bureaucracy and bloated demos (public machine). Larger countries with Parliaments have fewer ministers and much better economies.
These 300 parliamentarians and current plan of representation was one of the last measures implemented by Pasok & George Papandreou.
He called it Good Government (state) or Kallikraties. I call it an outrage! It would be one thing if Greece's economy was firing on all cylinders instead of limping along and begging for gas money. Do these people deserve this kind of money? 8,000 eu a month?
Rumor has it of just one parliamentary assistant who get 4,200 a month plus another 2500 bonus. There are a lot of assistants.
Many, many Greek citizens find this particular point of salary sticking in their caws (throats).
To paraphrase Churchill "Never have so many, taken so much, for offering so little, in this, our worst hour"
Some Greeks blame the Jews. For centuries the Jews were the only ones allowed to lend money at interest. Allowed by the Wholly fathers of the catholic church that is. In Greece itself, where I have lived for 40 years I have never even met a Greek Jew! Watch the following video which raises a few contentious points many believe, whether true or not. I do not see how the Jews can be thrilled by the rise of the Arab states flush with petro dollars.
Greece has over 6 tons of gold supposedly some where. Politicians worldwide, not just in Greece, borrow money that comes due after they leave office and are not accountable. Make the politicians accountable. They have amnesty now. That is 'the new world order' I want to see!
In Henry the VIII's time charging interest used to be illegal like owning gold in the 1930's in the US. The Land of the "Free".
Its the oldest scam perhaps but if I were going to blame anyone, I'd blame the Bank of England, the Fed, the international banking cartels and the big corporations. The B.I.S., Bilderbergers, the Fabians and Wall street run the US treasury and internationally all fiat currencies suppress the price of precious metals.
War declared, Gold falls! Economy in tatters, Gold falls. Nuclear Sabre Rattling, Gold falls. Nothing to see here - The Elite know what's best, you wouldn't understand because they purposefully, through their control of the media keep you off balance and not sure where to start.
Q. But whats the white elephant in the room? What's the one ring that binds us no matter where we live? That we all have in common?
A. The money supply is the link that binds us all. Gold used to be the bench mark.
Fiat printing Governments hoard gold for a reason. To keep it out of the money supply. Out of sight out of mind.
They hate it. It keeps them honest.
Since Richard Nixon took the USA off the gold standard 1971 now they lend us money they print from nothing; and the whole world is in debt. But you and I are paying for it in our hard work, economies and taxes. This isn't freedom, this is a shill game, ponzi scheme.
They create more credit with a digital entry. From Nothing! Then your government taxes you to pay for the lousy deals they made with your pension money. You work your whole life to be screwed over. Is this the future you want to leave your kid?
The get away with it now but for how much longer? People have caught on to the scam. The more they print the less each is worth. They are stealing our future with naked short selling futures. Registered COMEX gold, has just hit an all time high of 294 ounces of paper for every ounces of physical.
However, the Chinese keep buying physical gold in record amounts. Nobody ever said the Chinese were stupid! Maybe they know something we don't! Even the Turks have way more gold in circulation than Greece and very few of them trust their money with the bank!
For every Turk who saved in a deposit account last year, three opted for gold or cash, a December MasterIndex survey showed. Those who deposit their lira at banks refuse to do so for more than a few months, according to the survey commissioned by MasterCard Worldwide.
“It’s hard to change ingrained behavior and Turks like to remain liquid,” said Michael Gomez, co-head of emerging markets at Pimco, manager of the world’s biggest bond fund, in a telephone interview from Munich.
Gold and silver should be in circulation and are the only real money. "Money is gold, and nothing else'.- J.P. Morgan.
Today JPM is run by a Greek American Jaime Dimon. Small World! Thanks Jaime!
JPM is the right hand of the US treasury or vice versa. Also known as 'the plunge protection team' and form the Synyster hand of the people behind the curtain. You know, the ones that script the news!
"Should government refrain from regulation (taxation), the worthlessness of the money becomes apparent and the fraud can no longer be concealed." - John Maynard Keynes
If he said that? WTF? I thought Keynes was the culprit! Ah so Keynes knew exactly what he was doing. Just like Bernays the so called father of propaganda knew.
'As civilization has become more complex, and as the need for invisible government has been increasingly demonstrated, the technical means have been invented and developed by which opinion may be regimented'. - Edward Bernays
I guess the people that used his services initially were Madison Avenue's Mad Men. Through their payments to Bernays, they created a self fulfilling increase for their own need for invisible manipulation based on the profit motive. Personally I think some government is necessary but not bought and sold invisible government used by corporations and hedge fund managers to control us. Lobbying & Lobbyists should be banned. Along with the robber barons of today!
Digital media is a 2 edged sword and its already cut them 3 times. Assange, Manning, Snowden. Not to mention none if it is really secure and I am sure they don't know the half of it. Meanwhile, the money lenders are laughing at us.
But what do I know? Like George Papandreou himself I am just a Greek-Amerikan.
An American-iakias and also a 'GodDamn-ias'.
A 'GodDamn-ias' is an actor on TV or films who says God Damn it really forcefully. Greeks, who invented theater and democracy after all, love cinema and appropriate English expressions with their unique and incisive sense of humor.
For Example If you are 'sto Cheetah' (Tarzans' Cheetah) you are upset similarly, the way Cheetah would get. I am upset like Cheetah when he is warning Tarzan his tree house is about to be repossessed by faceless entities wearing $1,700 Hugo Boss suits while touting their fiduciary responsibility.
So maybe you care that they are making monkeys out of us?
This manipulation of the benchmark gold price affects everybody everywhere on the planet. Add in all the other shenanigans and here we are! If you don't think Greece is going to pass it on to the customer - what else can it do?
So, if you are of Greek extraction, but not exclusively, and sitting there in New Smyrna, Montreal, Melbourne, Sydney, London, Astoria or even Caracas, and also upset, or are even considering getting up set, kindly link to me and spread the word.
Or ask a friend with a web site to link to my site and perhaps we can shame these people into reducing their 8,000 eu/MO salaries. Because Cobbers, they are not ashamed, which in Greek, in case you forgot, is; den drepounde.
Austerity should lead by example, not 8,000 euros a month. More water needs to go into the wine not more taxes. That is, if you want to be taken seriously. Politicians like these are why regular folks want to hide income. O Cuckoos, Eye-doni! You pay for a nightingale and get a cuckoo.
P.S. If you think I am making any money from this. Honi soit qui mal y pense. Skordo sta matia sas!
If you'd like to return there are three ways to reach this page, each more memorable than the last.
http://www.greeceathensaegeaninfo.com | http://www.harrys-greece-travel-guide.com | http://www.harrys-greece.com
Harry's Greece Travel Guide is intended as a Guide to Greece tourism and Hellas.
With the emphasis on tourism. Sadly events have dictated changes in topics of Grecian concern.
I report now, not out of peevish spite, but in keeping with the all important question of our suggested places of serenity and tranquility in Greece.
I'll fess up. There is some peevish spite or righteous indignation.
Because this situation is the same old, same old debt quandary we were never meant to escape.
I am not sure exactly how to label HGTG today in this endless downward spiral transitional period for Europe and Greece.
Today political labels mean nothing. Left, right, Pasok, New Democracy, blue and green, Republican or Democrat. The Bankers are running the show!
But the situation on the ground and at sea and even in the air is changing.
Due to financial manipulation or out of banker control? They wont say. You figure it out.
What will it be like in summer? Or when ever it is you plan to visit Greece.
Since we have to wait an see what events will unfold. If any.
Meanwhile, we can think of another aspect affecting us all: the travel dollar and what it gets you.
This is something we can take measures to rectify.
How much of your take home pay do actually you get to keep after taxes is another item affecting us all.
Taxes affect each and every one of us and it all eventually Talley ho's over at the bank. The One Bank. The Vig. The Vigoritch. The Bank of International Settlements.
Because every government owes it money. Hey, its better than WWIII I'm told.
If, in this site visit, you take just one concept home with you to ponder over, let it be one of these 2 below.
"It is well that the people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
Such political labels such as left, right and center are designed to give the illusion of freedom.
And allowed us by the central bankers and collectivists to enable the real scam to continue by keeping us in debt system using fractional reserve banking.
Left, right or center, we all taxed. Some tax & steal it first.
When we already thought this was a supremely memorable vacation, we ended up in Santorini, which you had booked for us, in one of the most fabulous vacation spots we have ever been in.
I would like to thank you for the best trip we have ever had!
From the time we arrived in Greece we no longer had to think about anything, from our transfers, to our excellent hotels, our private tour of Athens and even dinning.
Great website with great people.
We are planning to come back next year and even add another Island with a longer stay.
Your website is booked in my favorites for life...
James and Mark Palm Springs, California
We had a wonderful time. Every place was special.
Our contacts in Mikonos and Santorini were very helpful, the accommodations wonderful, and Crete was a wonderful surprise.
I look forward to being able to spend more time there one day and add other islands as well.
In hindsight, the only changes I would have made involved timing of portions of the trip so we had more time in Crete and a less demanding return schedule.
We look forward to doing it again and seeing more of your wonderful country and enjoying the hospitality.
Thanks for all you did in making it a special time for us.
Writing in the Yorkshire Post, Sir Bernard Ingham, Thatcher’s longtime trusted press secretary, asked why Britain should cast £12 billion a year down an assorted array of “criminal drains.”
"Europhiles might usefully address themselves not to the question why we should stay in the EU, but why we should ever want to be a member of it at all when the institution is corrupt and so riddled with fraud that the auditors have felt unable to sign off its accounts for nigh on 20 years,” he said.
Alan Greenspan, the venerable former Federal Reserve chairman, speaking to the U.S. Congress in 1999, said,
"Gold still represents the ultimate form of payment in the world. Fiat money, in extremis, is accepted by nobody. Gold is always accepted."
In 2002, in a speech given before the Economic Club of New York, Mr. Greenspan also said,
“As recently as a decade ago central bankers, having witnessed more than a half-century of chronic inflation, appeared to confirm that a fiat currency was inherently subject to excess.”
He confirmed what Aristotle stated 2,500 years ago when he said,
“In effect, there is nothing inherently wrong with fiat money, provided we get perfect authority and god-like intelligence for kings.”
"Every Congressman, every Senator knows precisely what causes inflation...but won't
repeal the Federal Reserve Act because it could cost him his job." - Robert A. Heinlein
Sweden is the Saudi Arabia of feminism. - Jullian Assange
A government that robs Peter to pay Paul can always depend on the support of Paul.
- George Bernard Shaw
If you would know the value of money, go try to borrow some; for he that goes a-borrowing goes a-sorrowing.
- Benjamin Franklin
People who cast the votes decide nothing. The people who count the votes decide everything.
- Joseph Stalin
Among the OECD’s 36 member-states in terms of people’s disposable income, Greece ranks 27th , lower than Portugal, Italy and Spain.
Greece remains among the most expensive countries in Europe in dozens of products and services. - Kathimerini 11/23/15
"I believe that banking institutions are more dangerous to our liberties than standing armies.
Already they have raised up a monied aristocracy that has set the government at defiance.
The issuing power (of money) should be taken away from the banks and restored to the people to
whom it properly belongs." - Thomas Jefferson
Fascism is capitalism in decay. Capitalists are no more capable of self-sacrifice than a man is capable of lifting himself up by his own bootstraps.
I think Growth = debt. The more people owe the easier it is to control them.
Take away cash money and own them like chip implanted breeding stock. Its for their own good!
They want to take away cash too.
In some utopian future we will all have bar coded forehead tattoos and carry electronic tracking devices that also allow us to communicate and pay monthly fees to do so.
So enough with the unsustainable, and taxed to death, so-called growth.
Which is in reality more like institutionalized debt slavery.
Greece will never be out of debt. Neither will Puerto Rico, Chicago, Detroit, Spain, Italy, France and a whole slew of other places.
Now its definitely time for conservation and reflection.
Slim down government instead of expanding it.
A One World Government may or may not be a good idea but needs to be founded on human dignity and freedom.
And not with ill defined banking and accounting principles in an industry run by criminals too big to fail.
1897 Rudolph Diesel invents world’s first diesel engine which is designed to run on clean burning vegetable oils including Hemp Oil which does not cause pollution or create carbon buildup inside engines.
For 30 years Hemp Oil was the fuel of choice for automobiles until international banking cartels sought to destroy Hemp so they could replace it with their toxic petrochemical fuels.
Our imposed debt obligations are unsustainable.
We are taxed using unfair methods and being bamboozled into major tax increases using unjustifiable criteria.
Brand new never before heard of taxes, worse than what the Turks used to impose which are unconstitutional and diabolically freedom threatening.
All to feed a bloated state by the continued exsanguination (blood sucking) of its citizenry.
Greek citizens are being squeezed for juice like characters in a Pirandello play. Or is it a Pasolini movie?
Pinocchio's evil twin is running the country where No means Yes.
Greece is one of the most expensive countries in Europe if you believe what you read.
Then arrive the new taxes on a fixed income. Bad Juju!
It didn't used to be this way in Greece before the euro currency.
Its that simple. What is so great about it for a tax paying citizen?
Nada! Tipota! Rien! Ist kaputt da Kartoffel! Basta!
And how is all this being packaged and sold to an over burdened public by Greek State TV Media and even commercial TV media?
Watching the news you have to grimace, its like kooklo theatro (puppet theater) but in a new digital world!
The news, the Eidiessis. Even if well done technically, the intense thrilling mood it tries to create is way over done.
Adjectives come to mind like bombastic, over engineered, scripted, contrived, stilted (pun intended), choreographed, biased and propagandistic?
And the relentless pacing. Telling us the same old litany day in and day out as if it made any difference. Keeping up appearances with efos (face) and Givenchy.
But High Definition! And the shoes! I love the shoes.
The stiletto heels, the 4 inch heels. Painful! Kinky! Those heels give the game away right there. How the press has fathomed our true interests.
Today for example we are supposed to marvel that New Hypocrisy' Mitsotakis will save us from the populists but not the banksters. Thriller Sok! Sothekame! We are saved!
According to data released by the General Secretariat of Public Revenues, the hole in revenues from January 1st to November 30th 2015 amounts 11.83 billion euro.
According to Kathimerini, “when this is added to debts from previous years the money the state is owed rises to 83.6 billion euros, of which the Finance Ministry says only 9 billion euros can be collected.”
Greeks, like many other nationalities, like to keep up appearances. But are secretly embarrassed and desperate to be accepted.
They are afraid to be considered backward. I guess they have an inferiority complex. Or have been brainwashed to have one by the media.
All know the current EU and Western systems of so-called democratic government are not really representative but controlled by the international banking cartel. Is that going to end well from a citizens perspective?
Deep inside citizens know that they themselves are ultimately responsible for putting up with the current banking system and so we stay in a sheep and rancher relationship.
By controlling money they control everything.
Have a nice day!
Below is a list of documented and reputable medical studies showing that cannabis is successful is fighting multiple forms of cancer.
Cannabis kills Tumor cells:
Cannabis Cures Uterine, Testicular, and Pancreatic Cancers:
Cannabis-derived substances in cancer therapy and anti-tumour properties:
Cannabis Cures Brain Cancer:
Cannabis Cures Mouth and Throat Cancer:
Cannabis Cures Breast Cancer:
Cannabis Cures Liver Cancer:
Cannabis Cures Cancer in General:
Cannabinoids in intestinal inflammation and cancer:
Cannabis use and cancer of the head and neck:
Cannabis THC at high doses in area, inhibits cholangiocarcinoma cancer:
Targeting CB2 cannabinoid receptors as a novel therapy to treat malignant lymphoblastic disease
Cannabis partially/fully induced cell death in Cancer:
Should you still need convincing then perhaps take a look at the National Cancer Institute website in which it states that cannabis has been used as medicine for thousands of years.
*NCBI is a search engine for scientific and medical journals. If you open the links you will see that the information comes from many different sources.
Please share this article with people who would benefit from this information. It is only fair that people facing cancer are aware of ALL the options available, including natural treatments and cures that can work. Source
As one would-be father of bitcoin falls by the wayside, squabbling among the web-based currency’s lead developers is exposing a fundamental flaw: it must evolve to meet growing demand, but may lack a governance structure to achieve this.
The latest bickering erupted after Australian entrepreneur Craig Wright promised to prove he was the mysterious creator of bitcoin – which allows users to move money across the world quickly and anonymously – but then said on Thursday he could not provide further evidence to back this up.
Wright stopped short of reneging on his claim to be Satoshi Nakamoto, assumed to be a pseudonym for the person or people who launched the digital cryptocurrency in 2009.
However, he apologised for damaging the reputations of bitcoin experts who had believed him. Many members of the bitcoin community reckon this is all a distraction and agree with Wright when he said that the identity of Nakamoto “doesn’t, and shouldn’t, matter”. “Satoshi’s biggest achievement was to create a system that doesn’t require his participation to run,” said Peter Todd, one of bitcoin’s core software developers. “That’s what makes all this stuff kind of funny. It’s like searching for the creator of a system that’s designed not to require a creator.” While grey-suited central bankers print conventional currencies and commercial banks control transactions in them, no one person or entity is in charge of bitcoin. Instead it runs on a decentralised system of shared trust without any third-party verification of transactions – one reason why many people are attracted to it.
Critics, however, say it needs a “benevolent dictator” or at least some “adults” to manage the expansion that it needs to cope with the increasing number of transactions. Someone, or some group, must decide how to meet users’ requirements, they say. Trades are handled by thousands of “mining” computers around the world which validate blocks of transactions by competing to solve mathematical puzzles every 10 minutes. The first computer to solve the puzzle clears the transaction and is currently rewarded with 25 new bitcoins, now worth around $11,250.. This is how the computers’ owners cover their costs – largely power bills – and make a profit. The system also ensures there is no single point in the system that might fail. CIVIL WAR In practice, there do appear to be people who can make decisions, but it is also possible to be excluded from this magic circle. One of the bitcoin experts who initially believed Wright’s claim is Gavin Andresen. Nakamoto handed control of bitcoin’s software to Andresen when he stepped aside in 2011, a transfer that kept the creator’s identity a mystery as it was conducted in cyberspace without human contact. Andresen later shared that control with others. But when he stated publicly he believed Wright, sceptical developers responded by revoking his “commit access” to a shared repository of bitcoin rules. Initially, these developers justified their move on security grounds, saying his computer must have been hacked – something Andresen denied. When Reuters asked Todd whether Andresen’s access would be reinstated, he responded: “Heck no”, saying a belief in Wright amounted to “inexcusable incompetence”. Andresen admitted to bewilderment over whether he still believed Wright’s claims. “Ask me in six months; I don’t trust my own judgement right now after all the drama,” he said on Twitter. The squabbling is not new. One of the lead developers, Mike Hearn, stood down from bitcoin in January because of a power struggle nicknamed the “bitcoin civil war”. Hearn and Andresen had proposed increasing the size of the blocks in which transactions are processed but the other developers opposed this. In quitting, Hearn said that “what was meant to be a new, decentralised form of money that lacked systemically important institutions” had now become “a system completely controlled by just a handful of people”. Many investors and start-up firms remain optimistic about bitcoin and are making money from it. But Emin Gun Sirer, a computer science professor at Cornell University, said the appearance of internal conflict was undermining it. “For bitcoin to retain its value, it’s important to have hope that there’s good management in charge, that there are adults in charge,” Sirer said. “When we see opportunistic moves, that’s a problem.” BENEVOLENT DICTATORS But Sirer also said that any open-source project such as bitcoin, which runs using software that anyone can access, change, and distribute, faces the challenge of governance. “Is it a pipe dream to expect to be able to build a currency system that is completely decentralized and free of any control whatsoever? The short answer to that is yes, but that’s not what anyone should have expected anyway,” he said. Sirer added that he was concerned that his brightest young students at Cornell were being deterred from getting involved with bitcoin because of the in-fighting and the appearance that developers were unable to agree on change. One other digital currency system which is attracting bright young minds is Ethereum, created in 2013 by Russian-Canadian Vitalik Buterin when he was just 19. It works with the “benevolent dictator model”, as Sirer calls it, with Buterin holding the decision-making power. “Over the last couple of years it’s become apparent that having a static protocol is just not a viable approach,” Buterin told the Consensus bitcoin conference in New York earlier in the week. “Software has to evolve … and there has to be some mechanism for agreeing on how software is going to upgrade.” Most, however, reckon that even if Nakamoto were to be found, the other developers – many of whom have written more code than he ever did in the seven years since bitcoin was launched – would not accept his having ultimate power. “(Nakamoto) would be thanked for creating this amazing thing, but if there comes a time when there’s a technical debate over whether we should go one way or the other, his opinions would only be persuasive, not controlling,” said Jerry Brito, executive director of bitcoin advocacy group Coin Center. Reuters
Seven of the world's biggest banks have agreed to pay $324 million to settle a private U.S. lawsuit accusing them of rigging an interest rate benchmark used in the $553 trillion derivatives market.
The settlement made public on Tuesday, which requires court approval, resolves antitrust claims against Bank of America Corp (BAC.N), Barclays Plc (BARC.L), Citigroup Inc (C.N), Credit Suisse Group AG (CSGN.S), Deutsche Bank AG (DBKGn.DE), JPMorgan Chase & Co (JPM.N) and Royal Bank of Scotland Group Plc (RBS.L).
Several pension funds and municipalities accused 14 banks, including those that settled, of conspiring to rig the "ISDAfix" benchmark for their own gain from at least 2009 to 2012.
Companies and investors use ISDAfix to price swaps transactions, commercial real estate mortgages and structured debt securities.
The alleged illegal activity included the execution of rapid trades just before the rate was set each day, called "banging the close," causing the British brokerage ICAP Plc (IAP.L) to delay trades until they moved ISDAfix where they wanted, and posting rates that did not reflect market activity.
Under the settlement, payments would include $52 million from JPMorgan; $50 million each from Bank of America, Credit Suisse, Deutsche Bank and RBS; $42 million from Citigroup and $30 million from Barclays.
The remaining defendants are BNP Paribas SA (BNPP.PA), Goldman Sachs Group Inc (GS.N), HSBC Holdings Plc (HSBA.L), Morgan Stanley (MS.N), Nomura Holdings Inc (8604.T), UBS AG (UBSG.S), Wells Fargo & Co (WFC.N) and ICAP, lawyers for the plaintiffs said.
Spokespeople for BNP Paribas, HSBC, Morgan Stanley and UBS declined to comment. The other non-settling defendants did not immediately respond to requests for comment.
Tuesday's accord came five weeks after U.S. District Judge Jesse Furman in Manhattan refused to dismiss the lawsuit.
U.S. and European regulators have also examined whether ISDAfix was set properly, and Barclays agreed last May to pay a $115 million fine to settle a U.S. Commodity Futures Trading Commission probe.
The private lawsuit is one of many pending in Manhattan federal court accusing banks of conspiring to rig rate benchmarks, securities prices or commodities prices.
The case is Alaska Electrical Pension Fund et al v. Bank of America Corp et al, U.S. District Court, Southern District of New York, No. 14-07126.
(Reporting by Jonathan Stempel in New York; Editing by David Gregorio and Bill Rigby)
Digital Currency Group (DCG), a Bitcoin and blockchain investment and collaboration hub, recently added members to its board and staff alongside the close of a major funding round.
Most notably, the firm added former US Treasury Secretary Lawrence Summers as a senior adviser.
The addition of an adviser with policy expertise could indicate that DCG is preparing for regulatory changes.
As blockchain simulation and pilots are becoming more popular, regulation is becoming a key concern, particularly because blockchain firms fear that inconsistent global guidelines could make interoperability and mainstream adoption challenging.
Summers could help DCG work with the 70 companies in its portfolio to navigate the regulatory changes that seem to be on the horizon.
A US Fed Governor recently spoke about blockchain, noting that the Fed is continuing to engage stakeholders and colleagues on issues facing blockchain development and working to allow innovation without risk to consumers or overall stability.
And four of the world’s leading blockchain trade groups formed a unified body, called the Global Blockchain Forum, to build common best practices and consistent policy.
This integration of legacy and startup financial institutions shows that we’ve entered the most profound era of change for financial services companies since the 1970s brought us index mutual funds, discount brokers and ATMs.
No firm is immune from the coming disruption and every company must have a strategy to harness the powerful advantages of the new fintech revolution.
The battle already underway will create surprising winners and stunned losers among some of the most powerful names in the financial world: The most contentious conflicts (and partnerships) will be between startups that are completely reengineering decades-old practices, traditional power players who are furiously trying to adapt with their own innovations, and total disruption of established technology & processes:
• Traditional Retail Banks vs. Online-Only Banks: Traditional retail banks provide a valuable service, but online-only banks can offer many of the same services with higher rates and lower fees
• Traditional Lenders vs. Peer-to-Peer Marketplaces: P2P lending marketplaces are growing much faster than traditional lenders—only time will tell if the banks strategy of creating their own small loan networks will be successful
• Traditional Asset Managers vs. Robo-Advisors: Robo-advisors like Betterment offer lower fees, lower minimums and solid returns to investors, but the much larger traditional asset managers are creating their own robo-products while providing the kind of handholding that high net worth clients are willing to pay handsomely for.
As you can see, this very fluid environment is creating winners and losers before your eyes…and it’s also creating the potential for new cost savings or growth opportunities for both you and your company.
These new players have the potential to become the next Visa, Paypal or Charles Schwab because they have the potential to transform important areas of the financial services industry like:
• Retail banking
• Lending and Financing
• Payments and Transfers
Wealth and Asset Management
• Markets and Exchanges
• Blockchain Transactions
If you work in any of these sectors, it’s important for you to understand how the fintech revolution will change your business and possibly even your career.
And if you’re employed in any part of the digital economy, you’ll want to know how you can exploit these new technologies to make your employer more efficient, flexible and profitable.
• Why financial technology is so disruptive to financial services—it will soon change the nature of almost every financial activity, from banking to payments to wealth management.
• The basic conflict will be between old firms and new—startups are re-imagining financial services processes from top to bottom, while incumbent financial services firms are trying to keep up with new products of their own.
• Both sides face serious obstacles—traditional banks and financial services firms are investing heavily in innovation, but leveraging their investments is difficult with so much invested in legacy systems and profit centers.
• Meanwhile, startups are struggling to navigate a rapidly-changing regulatory landscape and must scale up quickly with limited resources.
• The blockchain is a wild card that could completely overhaul financial services. Both major banks and startups around the world are exploring the technology behind the blockchain, which stores and records Bitcoin transactions.
This technology could lower the cost of many financial activities to near-zero and could wipe away many traditional banking activities completely.
This exclusive report also:
• Explains the main growth drivers of the exploding fintech ecosystem.
• Frames the challenges and opportunities faced by incumbents and startups.
• Breaks down global and regional fintech investments, including which regions are the most significant and which are poised for the highest growth.
• Reveals which two financial services are garnering the most investment, and are therefore likely to be transformed first and fastest by fintech
• Explains why blockchain technology is critically important to banks and startups, and assesses which players stand to gain the most from it.
• Explores the financial sectors facing disruption and breaks them down in terms of investments, vulnerabilities and growth opportunities.
• And much more.