Varoufakis describes how Merkel sacrificed Greece to save the Franco-German banks

KW: Yanis Varoufakis the dethroned former Greek Finance Minister is one smart cookie who understands the big picture and his opinion deserves attention. Mostly it’s just common sense speak however the Greek crisis is a humanitarian crisis much more than a financial one. Pensioners have seen their income cut by half, in some cases more….

German Minister Calls For ‘Plan B’: “Greece Should Pledge Gold, Real Estate For New Loans” | Zero Hedge

KW: Where does this leave ordinary old debt and I.O.U.’s? Interesting too that German repatriation of its overseas Gold holdings will be completed by 2017 about 3 years earlier than scheduled. Call it mistrust? “…aid should only be given against a pledge in the form of cash, gold or real estate… We need a plan B.”…

Jim Rodgers: “We’re About To Have The Worst Economic Problems Of A Lifetime, A Lot Of People Will Disappear”

KW: From an interview with Erik Townsend of MacroVoices “Get prepared,” warns billionaire commodity guru Jim Rogers, “because we’re going to have the worst economic problems in your lifetime and a lot of people are going to disappear.” In this wide-ranging interview with MacroVoices’ Erik Townsend, the investing legend discusses everything from whether Russia is…

Greek Finances unsustainable and Chinese Foreign Currency reserves fall below $3trillion: Dent Research

KW: When Alexis Tspras came to power on a promise of no more austerity he appointed a very clever man to the Finance portfolio. Yanis Varoufakis repeatedly pointed out to the EU looters in the ECB that Greece was bankrupt but they eventually were so enraged at the thought that Greece can’t repay its’s debts…