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.

Friday, March 2, 2012


The New Greek Tragedy
3/2/2012
Financial Crisis
Commodities
US
Asia Buys Gold After Massive Single Trade Sell Off During Bernanke’s Testimony
http://www.zerohedge.com/
Currency War
South America
Brazil declares new ‘currency war’
http://www.ft.com/intl/cms/s/0/76d1d4d0-63d0-11e1-8762-00144feabdc0.html#axzz1nye35Gpy
Depression
US
IMF Says Threat of Sharp Global Slowdown Eased
http://www.cnbc.com/id/46596292
iFoodstamps
http://www.zerohedge.com/
Growth
North America
Canada Expansion Slows to 1.8% Annual Pace as Growth of Exports Moderates
http://www.bloomberg.com/news/2012-03-02/canada-s-gdp-growth-slows-to-1-8-pace-in-fourth-quarter-as-exports-weaken.html
Investment
US
Stop Waiting for Euro Zone Collapse: Fund Manager
http://www.cnbc.com/id/46585368
Recession
US
Guest Post: If This Is Such a Strong Economy, Why Does This Chart Look Recessionary?
http://www.zerohedge.com/
Sovereign Debt
Europe
Moody's Downgrades Greece to Lowest Rating on Scale
http://www.cnbc.com/id/46609024
Eurozone delays half of Greece's funds
http://edition.cnn.com/2012/03/01/business/greece-fund-delay/index.html?hpt=hp_bn1
European funding sows seeds of next crisis
http://www.marketwatch.com/story/european-funding-sows-seeds-of-next-crisis-2012-03-02?link=MW_latest_news
Greek Swaps Headed Back to ISDA Committee
http://www.bloomberg.com/news/2012-03-02/greek-swaps-headed-back-to-isda-ruling-committee-credit-markets.html
Pact for budget discipline signed by 25 EU states
http://www.reuters.com/article/2012/03/02/us-eu-fiscal-idUSTRE8210GP20120302
What Carry Trade? Euro Banks Deposit Entire LTRO 2 At ECB, Bring Total To Over $1 Trillion
http://www.zerohedge.com/
Banks Park $1 Trillion of Cheap Money Back at ECB
http://www.cnbc.com/id/46600511
EU Fiscal Pact Shows Euro 'Irreversibility': EU's Barroso
http://www.cnbc.com/id/46601058
IMF Urges Europe to Support Ireland
http://online.wsj.com/article/SB10001424052970203753704577257291322740640.html?mod=WSJEUROPE_hpp_LEFTTopWhatNews
Spain Defies Brussels on Deficit Target
http://www.cnbc.com/id/46604005
US
U.S. housing market, fiscal policy pose risks: IMF
http://www.reuters.com/article/2012/03/02/us-imf-outlook-idUSTRE82113O20120302
Marc Faber: Government Will Seize Gold
http://www.moneynews.com/StreetTalk/Faber-Government-Seize-Gold/2012/03/02/id/431194
Geithner Shows Own ‘Amnesia’ Over Bank Crisis: Bove
http://www.cnbc.com/id/46601889
Your Share of Fannie, Freddie Losses: $1,300
http://blogs.smartmoney.com/advice/2012/02/29/your-share-of-fannie-freddie-losses-1300/
Expect Commodity Swings as Monetary Stimulus Ends
http://www.cnbc.com/id/46603526
Are We Addicted to Liquidity Injections? (Video)
http://video.cnbc.com/gallery/?video=3000075343
Who Is Most Exposed To The Oil Price Shock?
http://www.zerohedge.com/
Stockton could become biggest city to go bankrupt
Stockton council votes for mediation; city could become biggest in US to go bankrupt
http://finance.yahoo.com/news/stockton-could-become-biggest-city-062559370.html
GWOT
Extremism
Asia
Pakistani military's links to new Islamists a concern
Demonstrators staging violent protests
http://www.wnd.com/2012/03/pakistani-militarys-links-to-new-islamists-a-concern/
War
Middle East
Obama and Netanyahu set to confront divisions over Iran
http://www.reuters.com/article/2012/03/02/us-usa-israel-iran-idUSTRE82108520120302
For Obama And Netanyahu, Wariness On Iran Will Dominate Talks
http://www.nytimes.com/2012/03/02/world/middleeast/for-obama-and-netanyahu-wariness-on-iran-will-dominate-talks.html?src=mv&ref=world
Talk of Israel strike on Iran soars but is it bluff?
http://www.reuters.com/article/2012/03/02/us-israel-iran-strike-idUSTRE8210Q720120302
Obama: I'm Not Bluffing on Iran
http://www.newsmax.com/Newsfront/Obama-Iran-nuclear-weapons/2012/03/02/id/431202
Israel Plans Interceptor Missile Test And Gives Neighbors Early Notice
http://www.nytimes.com/2012/03/02/world/middleeast/israel-plans-interceptor-missile-test.html?partner=rss&emc=rss
Iran-owned Tankers Storing Crude Falls to Two-Year Low, E.A. Gibson Says
http://www.bloomberg.com/news/2012-03-02/iran-0wned-tankers-storing-crude-falls-to-two-year-low-e-a-gibson-says.html
India resists call to cut Iran oil imports
http://www.ft.com/intl/cms/s/0/0f1daa50-61c6-11e1-94fa-00144feabdc0.html#axzz1nye35Gpy
Presidential Eligibility
2012 Election
US
Sheriff Arpaio says Obama's birth certificate needs more scrutiny
http://www.mcclatchydc.com/2012/03/01/140577/sheriff-arpaio-says-obamas-birth.html
Arizona Sheriff: Obama Birth Certificate Forged (Video)
Sheriff Arpaio presents results of volunteer "cold-case posse" investigation.
http://abcnews.go.com/Politics/video/arizona-sheriff-obama-birth-certificate-forged-15828337
Arpaio says congressional investigation good next step
Confirms hunt for perpetrators of fraud over Obama documents to continue
http://www.wnd.com/2012/03/arpaio-says-congressional-investigation-good-next-step/
Cultural War
Abortion
US
Rush Limbaugh Doubles Down On Sandra Fluke, Offering ‘As Much Aspirin to Put Between Her Knees As She Wants’
http://abcnews.go.com/blogs/politics/2012/03/rush-limbaugh-sandra-fluke-a-slut-and-prostitute/
Environmental
US
Anti-Occupy Movement Rallies Against ‘Obama's War on Nature’
http://www.weeklystandard.com/blogs/anti-occupy-movement-rallies-against-obamas-war-nature_633047.html
Extremism
Florida House passes 'anti-Sharia' bill despite protests
http://www.mcclatchydc.com/2012/03/02/140603/florida-house-passes-anti-sharia.html
Socialism
Europe
Killing babies no different from abortion, experts say
Parents should be allowed to have their newborn babies killed because they are “morally irrelevant” and ending their lives is no different to abortion, a group of medical ethicists linked to Oxford University has argued
http://www.telegraph.co.uk/health/healthnews/9113394/Killing-babies-no-different-from-abortion-experts-say.html
Politics
2012 Election
US
Obama reaches out to Jews worried about Islamist violence
http://news.yahoo.com/obama-reaches-jews-worried-islamist-violence-171319067.html;_ylt=Aucvb06kpaoBoRRcekgGnwGs0NUE;_ylu=X3oDMTNpM2M3NmYwBG1pdAMEcGtnAzU4NTVhODgwLTlmZGItMzM4MS04ZjE1LTQ4ZmZjZjQ3MjM1MQRwb3
Breitbart's last investigation? Obama
'I've got videos from his college days...'
http://www.wnd.com/2012/03/breitbarts-last-investigation-obama/
Michael Savage: Was Breitbart assassinated?
Media activist recently promised to publish revealing Obama videos
http://www.wnd.com/2012/03/michael-savage-was-breitbart-assassinated/
Andrew Breitbart's death to be reviewed by L.A. County coroner
http://latimesblogs.latimes.com/lanow/2012/03/andrew-breitbart-death-review-coroner.html
Breitbart: “Wait ‘Til They See What Happens March 1st”
Breitbart died hours before planned release of damning Obama footage
http://www.infowars.com/breitbart-wait-til-they-see-what-happens-march-1st/
Biden: We 'Screwed Up' Birth-Control Mandate
http://www.newsmax.com/Newsfront/biden-birth-control-catholic/2012/03/01/id/431177
Whatever happened to task force on oil speculation?
http://www.mcclatchydc.com/2012/03/01/140564/whatever-happened-to-task-force.html
Gingrich: 'Anti-Energy Secretary' Steven Chu Should Resign
http://www.newsmax.com/Newsfront/gingrich-gasoline-energy-chu/2012/03/02/id/431178
Harvard professor Dershowitz says Media Matters has crossed line 'into anti-semitism'
http://www.foxnews.com/politics/2012/03/02/harvard-prof-dershowitz-says-media-matters-has-crossed-line-into-anti-semitism/l/
George Will: Take Congress, not White House
http://www.politico.com/news/stories/0312/73541.html
Treasurer Lockyer Reportedly Sent Sex Tape Of Wife, Another Man
http://sacramento.cbslocal.com/2012/02/29/treasurer-lockyer-reportedly-sent-sex-tape-of-wife-another-man/
Corruption
Europe
Midas Touch in St. Petersburg: Friends of Putin Glow Brightly
http://www.nytimes.com/2012/03/02/world/europe/ties-to-vladimir-putin-generate-fabulous-wealth-for-a-select-few-in- russia.html?_r=2&partner=rss&emc=rss
Credibility
US
Geithner Pens Another Ridiculous Op-Ed
http://www.zerohedge.com/
Fraud, Waste or Abuse
US
GM temporarily halts production of Volt
http://thehill.com/blogs/transportation-report/automobiles/213889-gm-halting-production-of-chevy-volt
GM laying off 1300 due to low Volt sales
http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/gm-laying-1300-due-low-volt-sales/406771
Price of redundancy: $100 billion each year
Watchdog says need to 'take weed wacker' to government spending
http://www.wnd.com/2012/03/price-of-redundancy-100-billion-each-year/
Stimulus-Backed Solar Company Lays Off 70 Percent of Workforce
http://blog.heritage.org/2012/02/29/stimulus-backed-solar-company-lays-off-70-percent-of-workforce/
Regulations
US
Because you just never know what stupid rule tomorrow will bring...
http://www.sovereignman.com/
Autos
Business
US
Nissan reportedly considering a revival of the Datsun name
http://www.foxnews.com/leisure/2012/03/02/nissan-reportedly-considering-revival-datsun-name/?intcmp=features
Smartphones
US
AT&T Relents on 'Unlimited Data' Plan Limits
http://www.newsmax.com/SciTech/AT-T-unlimited-data-smartphone/2012/03/01/id/431156
Health
US
Cuddling dying pets gives owners scary infections
It's rare, but some pet owners have contracted life-threatening infections from caring closely for their animals at the end of life, a report shows
http://vitals.msnbc.msn.com/_news/2012/03/02/10521042-cuddling-dying-pets-gives-owners-scary-infections
Diet
US
Study: Chocolate Lowers Blood Pressure
http://www.newsmaxhealth.com/health_stories/Chocolate_Heart_Healthy/2012/03/02/437146.html
Environmental
Global Warming
US
Oceans Acidifying Fastest in 300 Million Years Due to Emissions
http://www.bloomberg.com/news/2012-03-01/oceans-acidifying-fastest-in-300-million-years-due-to-emissions.html
Education
Judgment
US
L.A. Unified bans blindfolding during lessons
A new fourth-grade reading program recommends using blindfolds to help students learn about sensory details. But in light of the Miramonte Elementary case, district officials consider it prudent to eliminate the eye coverings
http://www.latimes.com/news/local/la-me-lausd-blindfold-20120302,0,5609684.story
Energy
Coal
US
Giant new plant shows coal power isn't going away
http://www.mcclatchydc.com/2012/03/01/140544/giant-new-plant-shows-coal-power.html
Technology
Judgment
US
Text a Little Less and Think a Little More (Commentary)
http://www.bloomberg.com/news/2012-03-02/text-a-little-less-and-think-a-little-more-stephen-l-carter.html
Smartphones
US
Did cheap mobiles steal show over sexy gadgets?
http://edition.cnn.com/2012/03/02/tech/mobile/mobile-world-congress-wrap/index.html?hpt=hp_bn1
Travel
Airlines
Asia
Beautiful islands, horrible airports: Upgrades on the way for Bali, Phuket
With tourist numbers in the rival hot spots rising fast, both airports are long overdue for expansion
http://www.cnngo.com/bangkok/visit/beautiful-islands-nasty-airports-upgrades-way-bali-phuket-639632?hpt=hp_bn8
Life's Rich Pageant
Extremism
Europe
Italian Daily: Holocaust "The Greatest Lie of Modern Times"
Robert Faurisson sparks an uproar with a blatantly anti-Semitic article in an Italian gov't funded newspaper
http://www.israelnationalnews.com/News/News.aspx/153346#.T1CsmsyTpNc
History
US
Radical theory of first Americans places Stone Age Europeans in Delmarva 20,000 years ago
http://www.washingtonpost.com/national/health-science/radical-theory-of-first-americans-places-stone-age-europeans-in-delmarva-20000-years-ago/2012/02/28/gIQA4mriiR_story.html?hpid=z5
Technology
Asia
Japan invents speech-jamming gun that silences people mid-sentence
http://www.myfoxorlando.com/dpp/news/scitech/science/030212-japan-invents-speech-jamming-gun-that-silences-people-mid-sentence
Travel
US
Who are the world's worst tourists?
Americans? Brits? French? Russians? It seems to be all of us, depending on whom you ask
http://www.cnngo.com/explorations/life/tell-me-about-it/who-are-worlds-worst-tourists-291643?hpt=hp_bn8

The category Life’s Rich Pageant is based on an English idiom.
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