Welcome

The New Greek Tragedy

It’s the year 2012 AD and you’d think humanity, with all the advances in technology and communication, would have converted more of the explosion of information into knowledge and wisdom!

Sadly, we have not.

No, what history has allowed us to do with new technology is simply better-document the triumph of human nature over personal responsibility, accountability and moral courage.

Personally, I attribute this to an increasingly luxurious life provided by modern society offering far less opportunity to develop personal character, creating a direct and instant race to full depravity. In other words, the shortest path of least resistance to base human behavior.

All issues of the day are subordinate to the impending financial destruction of the western civilization. Greek tragedies were popular as an art form in the theaters of Athens 2,500 years ago; however, today we witness reality instead of entertainment, offering real human suffering — instead of pleasure — to the audience.

I invite you to visit daily as I provide organized headlines based on each day’s news to document what I call the Cultural War within leading to The New Greek Tragedy (both the Greeks and EU’s in general, followed shortly thereafter by most of the western financial world who, financially, are leveraged negatively in the extreme).

Eerily and ironically, it strongly parallels the chilling prophecy Nikita Kruschev, who succeeded Joseph Stalin as leader of the Soviet Union, remarked to Ezra T. Benson, who served as the Secretary of Agriculture during the Eisenhower administration, during Kruschev’s visit. Kruschev said it will be the slow injection of socialist/communist principles into America, not nuclear missiles, that would destroy our nation.

And like frogs sitting in a slow-boiling pot, we're just sitting back and watching.

Monday, February 27, 2012


The New Greek Tragedy
for 2/27/2012
Financial Crisis
Commodities
Europe
Riksbank Denies IMF Data Showing Sweden Gold Reserves Up Sharp 18.3 Tons in January
http://www.zerohedge.com/
Warren Buffett Favors Wells As The "Single Best Bank To Own": A Comparative Returns Analysis
http://www.zerohedge.com/
Depression
US
Credit Card Debt Nears Toxic Levels
http://www.myfoxdc.com/dpps/news/credit-card-debt-nears-toxic-levels-dpgonc-km-20120226_18232559
Dish Network to close 500 Blockbuster stores
http://www.cnbc.com/id/46520304
Wine Cache Rescues Those Short of Cash
http://www.cnbc.com/id/46540926
Growth
US
Pending Home Sales Rise to Near Two-Year High
http://www.cnbc.com/id/46539855
Economists See More Reasons for Optimism: NABE
http://www.cnbc.com/id/46538343
Inflation
US
More bad news: U.S. water bills to triple
http://washingtonexaminer.com/politics/washington-secrets/2012/02/more-bad-news-us-water-bills-triple/317086
Personal Debt
US
U.S. Student Debt Rises to $867B: New York Fed
http://www.bloomberg.com/news/2012-02-27/u-s-student-debt-rises-to-867b-new-york-fed.html
Recession
europe
Lofty oil new headache for debt-ridden Europe
http://www.reuters.com/article/2012/02/24/us-eurozone-economy-oil-idUSTRE81N0UF20120224
US
A New U.S. Recession is Inevitable
http://www.newsmax.com/StreetTalk/Achuthan-us-Recession-economy/2012/02/27/id/430623
Oil price rise raises specter of global recession (Analysis)
http://www.reuters.com/article/2012/02/26/us-oil-recession-idUSTRE81P0JA20120226
Residential Mortgage Crisis
US
Buffett: Banks Victimized by Evicted Homeowners
http://www.bloomberg.com/news/2012-02-27/buffett-says-banks-victimized-by-evicted-homeowners-who-emerged-as-winners.html
Sovereign Debt
europe
George Osborne: UK has run out of money
The Government 'has run out of money' and cannot afford debt-fuelled tax cuts or extra spending, George Osborne has admitted
http://www.telegraph.co.uk/news/politics/9107485/George-Osborne-UK-has-run-out-of-money.html
Merkel: ‘Incalculable’ Damage If Greek Plan Rejected
http://www.bloomberg.com/news/2012-02-27/merkel-rebuffs-bigger-euro-firewall-as-she-backs-financial-aid-for-greece.html
Anti-Greece Statements Will 'Destroy' Deal: Greek Minister
http://www.cnbc.com/id/46538130
Default Risk in Europe Nine Times Higher Than Treasuries After Greek Pact
http://www.bloomberg.com/news/2012-02-27/default-risk-in-europe-nine-times-higher-than-treasuries-after-greek-pact.ntml
Merkel Hoses Down Talk of Firewall Boost
http://online.wsj.com/article/SB10001424052970204520204577249261219281598.html? mod=WSJEurope_hpp_LEFTTopStories
Germany Holds Its Nose for Another Greek Bailout
http://news.yahoo.com/germany-holds-nose-another-greek-bailout-173740156.html;
_ylt=AsZ034vpGq5ofDDYrvtZUSms0NUE; _ylu=X3oDMTNqaGo5dG80BG1pdAMEcGtnAzNhODg0MWJkLTQ5Y2QtM2JhMi1hMDQyLWE2YWQ5MzQ1NTg4YQRw
G20 to Europe: Show us the money
http://www.reuters.com/article/2012/02/27/us-g-idUSTRE81N1L620120227
ECB Prepares to Open Loan Spigot Again in Debt Crisis
http://www.cnbc.com/id/46532683
Geithner Says Europe Has Lowered Risks of 'Catastrophe'
http://www.cnbc.com/id/46534719
US
3 doomsaying experts who foresee economic devastation ahead
http://www.usatoday.com/money/perfi/stocks/story/2012-02-26/stock-market-bears-doomsayers/53259742/1
Art Cashin On The World Running Out Of Ideas To Bail Out Itself
http://www.zerohedge.com/
Guest Post: The Trajectory Of Tragedy
http://www.zerohedge.com/
Mountain Of Worry Shifts From Olympus To Zagros
http://www.zerohedge.com/
GWOT
War
Asia
N. Korea Vows ‘Sacred War’ Over U.S.—S. Korea Drills
http://www.defensenews.com/article/20120225/DEFREG03/302250001/N-Korea-Vows-8216-Sacred-War-8217-Over-U-S-S-Korea-Drills
Middle East
Al-Qaida seen moving in new terror direction
Intelligence warns of European strike around London Olympics
http://www.wnd.com/2012/02/al-qaida-seen-moving-in-new-terror-direction/
Iran prepares for kamikaze attacks
Tehran military on high alert with planes, speedboats in Persian Gulf
http://www.wnd.com/2012/02/iran-prepares-for-kamikaze-attacks/
Israel, Kurdish fighters destroyed Iran nuclear facility, email released by WikiLeaks claims
In exchange released by website, worker at Stratfor intelligence firm doubts validity of a source claiming an Israeli ground force had already wiped out Iran's nuclear infrastructure
http://www.haaretz.com/news/diplomacy-defense/israel-kurdish-fighters-destroyed-iran-nuclear-facility-email-released-by-
Israeli Attack On Iran Might Pull U.S. Into New War
http://news.yahoo.com/israeli-attack-iran-might-pull-us-war-131844092.html
Iran Seen 'Struggling' With New Nuclear Machines
http://www.newsmaxworld.com/global_talk/Iran_Seen_Struggling_Wi/2012/02/27/436206.html
Israel Seen Slow to Dig in as Iran War Talk Simmers
http://www.newsmaxworld.com/global_talk/_Israel_Seen_Slow_to_Dig_/2012/02/27/436205.html
How Long Will the Iranian Standoff Last?
http://www.cnbc.com/id/46509969
Suspected assassins: We're no longer terrorists
Anti-Iranian faction gaining endorsements in effort to be removed from danger list
http://www.wnd.com/2012/02/suspected-assassins-were-no-longer-terrorists/
'US to announce aerial blockade on Syria'
US readies for possibility of intervention without UN resolution, Asharq Al-Awsat reports, citing US military official; plan to include humanitarian aid to Syrian refugees on Turkey's border
http://www.ynetnews.com/articles/0,7340,L-4194506,00.html
China calls US critique on Syria "super arrogant"
http://www.bbc.co.uk/news/world-asia-china-17175658
Clinton appeals for all Syrians to abandon Assad
http://news.yahoo.com/clinton-appeals-syrians-abandon-assad-140825440.html
How to bring down Assad (Commentary)
http://www.washingtonpost.com/opinions/how-to-bring-down-assad/2012/02/23/gIQAOsyfYR_story.html
Obamacare
Constitutionality
US
Feds sued over Kagan's Obamacare role
'Integrity of the court requires a full airing of those facts'
http://www.wnd.com/2012/02/feds-sued-over-kagans-obamacare-role/
Cultural War
Communism
US
Can Obama's detention plans be stopped?
'Journalists aren't safe. Union leaders aren't safe. Liberty is not safe'
http://www.wnd.com/2012/02/dems-gop-work-together-to-stop-detention-plans/
Conservatism
US
Actor Kirk Cameron‘s ’Monumental‘ Film Looks to Rediscover America’s ‘National Treasure’
http://news.yahoo.com/actor-kirk-cameron-monumental-film-looks-rediscover-america-171220464.html;ylt=AnqYLZDOHQbIgQ.f2MU962us0NUE; _ylu=X3oDMTNpamp0dXJyBG1pdAMEcGtnAzIyNzgwNzBjLTM3ZDQtM2VhZS05NWRiLWNkOTU4ZDI4Mjg0NwRwb3M
Socialism
US
It’s Coming: Union, Leftist Leaders Announce ‘99% Spring?’... and Training in ‘Places of Worship’
http://news.yahoo.com/coming-union-leftist-leaders-announce-99-spring-training-171825985.html;_ylt=AhOtxP4_iCiFgix.
Politics
2012 Election
US
Obama Plays Race Card, Calls on Churches to Support Campaign
http://www.prisonplanet.com/obama-plays-race-card-calls-on-churches-to-support-campaign.html
Louis Farrakhan warns of racial hatred that could lead to attempts to kill President Obama
Nation of Islam leader in Chicago to speak at annual event
http://www.chicagotribune.com/news/local/ct-met-farrakhan-founders-day-20120227,0,7846023.story
Ed Gillespie: Obama Makes World 'More Dangerous'
http://www.newsmax.com/Newsfront/obama-world-dangerous/2012/02/27/id/430650
Dershowitz: Media Matters will be re-election issue
Vows crusade against Obama for anti-Fox News group's rhetoric on Israel
http://www.wnd.com/2012/02/dershowitz-media-matters-will-be-re-election-issue/
Poll: 75 percent of Americans think wealthy should pay 30 percent or less in taxes
http://www.foxnews.com/politics/2012/02/27/poll-75-percent-americans-think-wealthy-should-pay-30-percent-or-less-in-taxes/
Media Matters boss paid former partner $850G 'blackmail' settlement
http://www.foxnews.com/politics/2012/02/27/media-matters-boss-paid-former-partner-850g-blackmail-settlement/
Tough Re-election Road Awaits Michele Bachmann
http://www.newsmax.com/Newsfront/bachmann-re-election-tea-party/2012/02/27/id/430681
Capitalism
asia
World Bank to China: Free up your economy or bust
http://money.cnn.com/2012/02/26/news/economy/china_world_bank/index.htm?cnn=yes&hpt=hp_t3
Communism
us
Guess who folded now?
http://www.sovereignman.com/
Conservatism
us
It's time D.C. understood: 'This Is Our America'
Listen to song that could become anthem of 2012 election
http://www.wnd.com/2012/02/its-time-d-c-understood-this-is-our-america/
Corruption
us
Guest Post: The Perfection Of Crony Capitalism: Use Regulation To Destroy Competitors
http://www.zerohedge.com/
Elitism
asia
China Congress of Billionaires Makes Capitol Hill Peers Look Like Paupers
http://www.bloomberg.com/news/2012-02-26/china-s-billionaire-lawmakers-make-u-s-peers-look-like-paupers.html
Hypocrisy
us
Michelle Lets Governors Gorge on 2,000 Calorie Dinner
http://www.whitehousedossier.com/2012/02/27/michelle-governors-gorge-2000-calories/
Blurred Line Between Espionage and Truth
http://www.nytimes.com/2012/02/27/business/media/white-house-uses-espionage-act-to-pursue-leak-cases-media-equation.html?_r=3&ref=todayspaper
International Discourse
Middle east
Iran, Lebanon talk defence ties, slam Israel
http://www.breitbart.com/article.php?id=CNG.252b6563a32447d99da0140e35d9f220.a91&show_article=1
Security
us
Secret Service Laxness Puts President at Risk
http://www.newsmax.com/Newsfront/President-Obama-Secret-Service/2012/02/27/id/430652
Socialism
us
House to Vote on Bill to Overturn Supreme Court's Eminent Domain Decision
http://www.newsmax.com/US/Eminent-domain-Supreme-Court/2012/02/27/id/430679
Strategy
us
Lack of national policy hobbles U.S. manufacturing: study
http://www.reuters.com/article/2012/02/27/us-usa-economy-manufacturing-idUSTRE81Q1EU20120227
Health
Disease
us
Is Soda Making You Sick?
http://www.newsmaxhealth.com/headline_health/Dangerous_Soda/2012/02/27/436202.html
Research
Health
us
Ovarian Stem Cells Produce Eggs in Method That May Aid Fertility Therapy
http://www.bloomberg.com/news/2012-02-26/ovarian-stem-cells-produce-eggs-in-method-that-may-aid-fertility-therapy.html
Scientists Use Stem Cells to Generate Human Eggs
http://www.nytimes.com/2012/02/27/health/research/scientists-use-stem-cells-to-generate-human-eggs.html?hp
Travel
Central America
Secrets to the 10 most popular cruise ports
http://www.foxnews.com/travel/2012/02/27/secrets-to-10-most-popular-cruise-ports/?intcmp=features#ixzz1nZghhNc2
WikiLeaks
Cyberwarfare
us
WikiLeaks publishes security think tank emails
http://www.reuters.com/article/2012/02/27/us-wikileaks-stratfor-idUSTRE81Q01Q20120227
Life's Rich Pageant
Darwin Award
Robber Tries to Buy Back Gun From Victims: Cops
Mitchell faces charges of armed home invasion and resisting an officer
http://www.nbcmiami.com/news/local/Man-Returns-to-Robbery-Scene-to-Buy-Back-Gun-He-Dropped-140294243.html
Disease
asia
Doctors remove football-sized tumor from woman's ovary
http://www.foxnews.com/health/2012/02/27/doctors-remove-football-sized-tumor-from-womans-ovary/
Gay Rights
us
Lawyer: Lesbians’ assault on gay man can’t be hate crime
http://bostonherald.com/news/regional/view/20220225lawyer_lesbians_assault_on_gay_man_cant_be_hate_crime/srvc=home%26position=2
Growth
asia
China to Be Largest Economy Before 2030: World Bank
http://www.cnbc.com/id/46537810

The category Life’s Rich Pageant is based on an English idiom. If you wish to be added to the daily distribution list e-mail Steve at steven.thompson@comcast.net.
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