Category: Formality

Underground to overthrow: Part 2, The next step is prison

13 December, 2013 (09:00) | Economics, Eurozone, Foreclosure, Formality, Global news, Greece, Housing, Informality, Markets, Mortgages, Speculation |

[Continued from yesterday’s Part 1.]   By:David A. Smith   As we saw in yesterday’s post, using a recent story from Bloomberg (December 5, 2013), ECB-imposed austerity has inflicted on Greece 25%+ unemployment, nationwide foreclosures, and an economic debtor’s prison.   [None of this makes Greece blameless – the country socialized and overspent for decades […]

Underground to overthrow: Part 1, More important than being legal

12 December, 2013 (09:00) | Economics, Eurozone, Foreclosure, Formality, Global news, Greece, Housing, Informality, Markets, Mortgages, Speculation |

By:David A. Smith   If the only way out of Prospero’s Europe is economic death, a people and a nation must and will change the rules, even to the point of seceding from formal society, as revealed in this poignant story of Greece from Bloomberg (December 5, 2013):   Unemployed Greeks Reconnect as Underground Electricians […]