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Failed State: Greece or European Union?

James Henry, former chief economist at the international consultancy firm McKinsey & Co. and now senior fellow at the Columbia University Center for Sustainable International Investment tells GoHarrison: “Several noted economists -- including Joseph Stiglitz and Paul Krugman -- have said that what the EU is doing to Greece makes no sense from an economic point of view. And they’re right, it doesn’t from an economic point of view -- but it may from a political point of view.

“This has been absurdly consumptive and could have been avoided with less than $20 billion, far less than the Detroit bailout. Germany has all but said it seeks the ouster of Greek Prime Minister Alexis Tsipras, who didn’t create this mess. He’s even now agreeing to a 23 percent VAT [sales] tax.

“Consider that while they are putting the screws on the left-wing government in Greece, much of the U.S. and European establishment is working to help the right-wing government in Ukraine as it seeks to restructure its $125 billion in debt and its economy is falling apart. No moralizing there.

“This is a punitive policy and it’s about making an example of Greece. Clearly, part of the dynamics is that the EU is worried about the rise of the left in Spain and other countries. Meanwhile, Le Pen’s party in France and other right-wing parties are celebrating all of this.

“To get out of the situation, Greek prime minister Alexis Tsipras has said he’d like to more effectively tax the rich and he asked for help from the Swiss in finding an approximate $100 billion in taxes from foreign tax havens. But the Swiss have refused to release information on rich Greek tax cheats.” Henry is also senior adviser with the Tax Justice Network and was lead author of the report “The Price of Offshore Revisited,” [PDF] which estimated that total wealth in tax havens worldwide was between $21 trillion and $32 trillion.

He continued: “The suffering in Greece...
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Is it some how ironic that the US is militarizing the street police in preparation for “ 4 July celebration”. They celebrate and demonstrate freedom by disciplining freedom ... See MoreSee Less

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Obama Administration Disavowed Report on Rightwing Violence

WASINGTON- Rania Khalek tells GoHarrison about the Homeland security report which predicted Charleston, among many other recent incidents. “Daryl Johnson’s prophetic 2009 report predicted that the election of America’s first Black president coupled with an ailing economy would spark a resurgence in rightwing extremism, with ‘white supremacist lone wolves’ posing ‘the most significant domestic terrorist threat because of their low profile and autonomy -- separate from any formalized group -- which hampers warning efforts.’

“Johnson’s report also drew attention to the danger of extremists recruiting military veterans.

“Though intended exclusively for law enforcement, the report was leaked immediately after publication, generating a firestorm on the right.

“Whipped into a frenzy, conservative media outlets and Republican lawmakers mischaracterized the report as an Obama administration conspiracy to smear all conservatives as potentially violent extremists.

“In a stunning display of political cowardice, the Obama administration caved in to the pressure.

“Within days of the leak, newly appointed DHS secretary Janet Napolitano apologized for the report and Johnson’s DHS unit was slowly disbanded over the following year, leaving behind just one analyst to assess all non-Islamic extremist threats for DHS.

“Six years later, Johnson’s prescient warnings have been tragically vindicated again and again.

“In 2012, U.S. army veteran and neo-Nazi skinhead Wade Michael Page stormed into a Sikh Temple in Oak Creek, Wisconsin, and fatally gunned down six worshippers.

“Last year, Frazier Glenn Miller, the former ‘grand dragon’ of the Carolina Knights of the Ku Klux Klan and a longtime anti-Semite, killed three people outside a Jewish community center in Overland Park, Kansas.

“Two months later, anti-government extremists Jerad and Amanda Miller killed three people in Las...
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