Wolfgang Schäuble: New elections won’t change anything about Greece’s debt

From Greg Palast on Facebook:

Wolfgang Schäuble, the German finance minister and a champion of austerity in Greece and other countries, said in an interview with the German newspaper Bild on Saturday that any Greek government would have to honor existing agreements.

“New elections won’t change anything about Greece’s debt,” he said.

Like the British fools of another century, we are distracted by a hopeless fight for democracy in Afghanistan while we ignore the real threat to democracy from Germany.

Indeed, Americans and it's government are distracted by everything while truly reforming nothing.  Let's not forget that the whole Greek crisis starts with Goldman Sachs and the yen carry trade, followed by the global financial crisis of 2008, after foreign banks sold the Greek treasury (run by a former Goldman Sachs executive) AAA rated toxic assets from the US sub prime housing market.  In other words, Greece has been hoodwinked by the banksters, and now Germany is trying to hold them accountable for repayment.

Like Michael C. Ruppert used to say, "Until you change the way money works, you change nothing." 

 

Greece Heading to Early Elections After Presidential Vote Fails

 

The result paves the way for early elections in which a party that opposes the terms of the country’s international bailouts is expected to win.

 

It's Official: #ISIS is now also an oil cartel

From Zerohedge:

We recently explained how ISIS remains so well funded but what was unclear was who exactly what purchasing their 'recently-provisioned' oil reserves? The assumption being some desperate third-world nation or some scheming offshore hedge-fund arbitrageur; however, as Sott.net reports, a senior European Union official has revealed that some EU member states have purchased oil from ISIL Takfiri militants despite their rhetoric against the group. The official declined to disclose any names but Turkey remains a front-runner (having already shunned President Obama) and potentially France (after their recent anti-Petrodollar comments).

As The Daily Signal's Kelsey Harkness ( @kelseyjharkness ) notes,

According to the Iraq Energy Institute, an independent, nonprofit policy organization focused on Iraq’s energy sector, the army of radical Islamists controls production of 30,000 barrels of oil a day in Iraq and 50,000 barrels in Syria.

And now we know who is buying... (as Sott.net reports)

A senior European Union official has revealed that some EU member states have purchased oil from ISIL Takfiri militants despite their rhetoric against the group.

In a briefing to the European Parliament Foreign Affairs Committee, EU Ambassador to Iraq Jana Hybas-kova said some European countries have purchased crude from the ISIL.

She, however, refused to disclose any names despite pressure by some Parliament members to do so.

The EU official also warned against any support by the West for separatist Kurdish groups who, she said, would destabilize the Middle East.

Earlier reports accused Turkey of buying and transporting oil from both the ISIL and Qaeda-linked Nusra Front. According to the reports, Western intelligence agencies could track ISIL oil shipments as they moved across Iraq and Turkey.

ISIL reportedly controls eleven oil fields in northern Iraq as well as Syria's Raqqa province.

US intelligence officials estimate that the Takfiri militants earn more than USD 3 million a day from oil profit, theft, human trafficking and ransom. They say the militants sell oil and other products via established networks in Turkey, Jordan and Iraq's Kurdistan region. ?Turkey has denied reports of involvement in ISIL's oil smuggling operations.

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