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Volume 42, Number 9, February 27, 2015

Cover of EIR Volume 42, Number 9, February 27, 2015

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Greek Government Is Right: The ‘Debt’ Is a Swindle  

by Paul Gallagher

The debt piled on Greece is significantly illegitimate in regard to its causes and relationship to the real economy of the country. It cannot be paid in the next half-century, and it cannot be paid by continued cuts in employment, pensions, wages, health-care services, and selling off national income and infrastructure. In fact, “Greek debt” exists only on the basis of the Wall Street practice for unpayable debt, known as “extend and pretend.” Its interest and repayment terms have been so dramatically changed by the creditors that in debt-market terms, it is nearly worthless.

Eurogroup and Greece Sign Ceasefire Agreement  

UN Finds Austerity Violates Rights  

A report by Cephas Lumina, an Independent Expert from the UN Human Rights Council, documents the horrifying cost of the austerity imposed on Greece.

Ecuador Declares Partial Debt Moratorium  

by Dennis Small

A case study of “bankers’ arithmetic,” reprinted from EIR, Dec. 26, 2008.

Economics

Will HSBC Scandal Sink Wall Street’s Obama Presidency?  

by Jeffrey Steinberg

At stake in the confirmation of Loretta Lynch as U.S. Attorney General is the Obama Administration’s protection of Wall Street at all costs. It was Lynch who negotiated the Deferred Prosecution Agreement with HSBC, the British banking giant that has been at the center of global money laundering, tax evasion, and criminal enterprises involving the world’s drug cartels and terrorist organizations.

Prosecuting a Global ‘Criminal Industry’  

HSBC Is the Face of Britain’s Dope, Inc.  

HSBC, formerly known as Hongkong and Shanghai Banking Corp., or “HongShang,” is one of the key controlling institutions of the global illicit drug cartel known as “Dope, Inc.”

International

Neo-Nazi Factor in Drive for War on Russia Exposed  

by Jeffrey Steinberg

Some news media in Europe and America are finally waking up to the danger posed by the neo-Nazi militias in the fighting in eastern Ukraine. The spotlight is on U.S. Assistant Secretary of State for European and Eurasian Affairs Victoria Nuland, their biggest booster.

AU-China Infrastructure Deal Makes African Unity Possible  

by Douglas DeGroot

The Memorandum of Understanding between the African Union and China marks a shift in Chinese policy toward Africa that has been emerging since Xi Jinping became President in March 2013. The focus now is on developing the entire continent, including countries that do not have resources that China needs.

Thailand’s Kra Canal: A Crucial Link on the New Maritime Silk Road  

Pakdee Tanapura, a member of the National Committee for the Study of the Kra Canal in Thailand, and a longtime contributor to EIR, spoke on the proposed Kra Canal at a forum in Quanzhou, China, titled “Collectively Building the 21st Century Maritime Silk Road and Building a Community of Common Destiny.”

Argentines Celebrate Atucha II Reactor  

by Cynthia R. Rush

National

Why the Jeb Bush Candidacy Must Be Squashed Now  

by Nancy Spannaus

Jeb Bush speaks for the evil Bush family dynasty which, from grandpa Prescott Bush’s support for Hitler, through George W. Bush’s disastrous record of pre-emptive war, has acted to destroy the true United States tradition on behalf of London/Wall Street financial interests.

Science

Is Man Just an Animal? The Destruction of Science in the Twentieth Century  

Phil Rubinstein, a national leader of the LaRouche movement for more than 40 years, gave this presentation on the LaRouche PAC New Paradigm Show, in discussion with Benjamin Deniston and Megan Beets of the LaRouche PAC Science Team.

Editorial

Nuclear Chicken Game?  

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