United Nations – Social Economic Equality Possible Upon UNSC Dissolution

August 20, 2015

By Padmini Arhant

United Nations inception following world war II in the twentieth century with United Nations Security Council (UNSC) comprising imperial powers – Britain, France, United States, China, Russia and new addition Germany in P5+1 mislead UN purpose.

UNSC five permanent nuclear nations with veto authority is a hierarchy in contradiction to contemporary  economic dynamics and geopolitical landscape.

The global powers syndrome exercising prerogative at UNSC slight remaining members of United Nations set up as an international body.

UN poised as an International organization is on UNSC oversight.

UNSC P5+1 along with counterpart EU aim to prolong imperial era.

UNSC imposing economic sanctions against non-western countries and fomenting international crises through military interventions and operations involving terrorism rather than preventing them proved counterproductive.

UNSC arbitrary dealings against nations regarded adversaries with trade and financial embargo viz. North Korea, Cuba, Syria and lately United States and Israel created South Sudan are few examples of ongoing economic warfare.

Imperialism revived in UNSC ambit with P5+1 as former imperialists renewing aspirations in respective regions for economic and strategic dominance.

United States military prowess demonstrated in militarization of Africa besides extending support to France in neocolonization of the continent.

United States sprawling military bases worldwide not sparing island nations defines imperial goals despite colossal failure in invasion and occupation of foreign land adventure.

The expedition downside experienced in national front costing United States taxpayers in trillions expended in destruction of nations backfired in domestic economic situation far from recovery.

United States direct control over Latin America conspicuous in disabling democratic governments and promoting contraband substances ranging from drugs to arms in North, South and Central America.  The economic strategy Free Trade Agreement is one of many dimensions to exert rule in that domain.  The Caribbean nations debilitated by enforcing foreign economic and military plan.

United States and NATO military drills in Baltic sea, presence in Afghanistan covering Central Asia, United States activity in Korean Peninsula implementing Pivot Asia policy claimed as curtailing Russia and China incursions in the respective regions perpetually escalate tensions and proliferate conventional as well as nuclear arms race.

The skirmishes are also impetus for disproportionate defense spending producing more poverty and economic struggles worldwide.

Britain’s unwillingness to renounce empire trait in the twenty first century evident in impugns on Malvinas of the Argentinian coast, Gibraltar in Iberian Peninsula and nations held under dominion status notwithstanding substantial landmass in Antarctica and waters in Indian Ocean declared private estate.

France relentless pursuit in Africa is a lost cause refusing to learn from the past exploitation of Africa.

Russia having gained from territorial annexation of Crimea in the wake of Ukraine destabilization ominously assert Arctic zone i.e. the North Pole as state owned property.

Russian Federation attempts to resurrect ex-Soviet bloc largely attributed to United States and NATO upsurge in Eastern Europe and Central Asia.

United States and NATO coordination in Eastern and Central Europe other than Central Asia generated Russia formation of Collective Security Treaty Organization (CSTO) with Baltic states membership and China-Russia initiated Shanghai Cooperation Organization to counter existential territorial ambitions.

China’s predisposition on stretching border lines apparent since seizure of Tibet.

Furthermore, Maoist infiltration in Nepal and north eastern India enlarge China’s encroachment on Indian frontier with Arunachal Pradesh,  Ladakh and Aksai Chin Kashmir remaining contentious in that context.

Subsequent to economic rise in the latter half of twentieth century, China’s territorial disputes with neighboring states in South China Sea has intensified offering United States pretext to besiege Asia Pacific.

Middle East – Imperial alliance with Israel, Saudi Arabia and Turkey engaged in endless violence and proclamation of nuclear treaty between P5+1, EU and Iran epitomize two sides of the coin.

The paradigm shifts in western powers partnership with Iran in the region is reminiscent of western approach towards Libya for easy access to Libyan oil and economic resources during Libyan leader Muammar Gaddaffi governance.

Western maneuver in replacing Saudi Arabia with Iran and incentives to convince Israel on Iran nuclear deal clarifies imperial powers classic characteristics on enmity and amity to suit convenience.

Similarly, Iran’s close economic ties with Turkey amid Turkey’s overt indulgence in terror against Iraq and Syria spilling over to Lebanon pose conflict of interest exacerbating humanitarian plight.

The quid pro quo between P5+1, EU and Iran sharing commonality on imperial legacy depends on western forces balancing act with old ally Israel.

Western strategy with Persian nation Iran in Arab oriented Middle East is enactment of Persian and Ottoman reign vying for regional superiority.

EuropeGermany as P5+1 entity, European Union dominant member and euro zone chief beneficiary is hegemony augmentation in transatlantic..  Germany capitalizing on vulnerable EU members viz. Greece economic woes facilitate international creditors ECB, IMF and EC monopoly in executing imprudent economic scheme under the guise of rescue package.

UN credibility and viability jeopardized with UNSC decisions on international matter and UN missing in action on pivotal issues related to human misery. UN peace keeping corps reputation compromised in war torn nations especially Africa with allegations on certain UN squad for sexual assault and atrocities against women and children.

UN performance or the lack thereof in resolving Palestinian problem and leaving Sri Lankan Tamil civilians to fend for themselves from Sri Lankan military raid and summary executions…not barring partisanship on sectarian clashes confirm one world government agenda and resistance to transformation seeking departure from exclusivity and unipolar mechanism.

UNSC dissolution abandoning flawed system and relieving UN organization from external jurisdiction prevalent in UN Secretary General appointment and diverse engagement is the preliminary step in building reliable global consortium.

UN addressing disparity within would set precedence for universal equality.

Humanitarian progress made possible with recognition of errors and sincere commitment to amend and adopt positive measures benefitting the world at large.

Peace to all!

Thank you.

Padmini Arhant



















World Affairs – Glimpse of Developments during the week

July 17, 2015

By Padmini Arhant

Iran Nuclear Deal – The significance would be realized upon intentions transforming into actions in lifting sanctions as that affects people of any nation more than their government.

The blockade hurt economy which again impact population  especially the most vulnerable and economically disadvantaged in society.

The deliberate motive to stall economic progress of a nation through sanction is best abandoned not only on humanitarian basis but also from the economic standpoint considering adverse effects on global economy.

UNSC egregious decisions with misuse of veto power and sanctions on selective nations while the real offenders on nuclear proliferation such as P5+1 and allies maintaining status quo is a huge credibility problem confronting the world.

The dissolution of UNSC in possession of veto power could no longer be evaded or dismissed in the twenty first century with changing geopolitical and economic dynamics as well as social cultural environment.

Furthermore UNSC –  the unipolar exclusive club is responsible for human misery worldwide due to imperial aspirations authorizing military interventions and trade embargo on nations regarded P5+1 adversary and slight requirement to respect other nations sovereign rights in the world.

Any objection from UNSC P5+1 members to end hierarchy and accept all nations equal participation would clarify the purpose as polarization for unqualified dominance.

The nuclear pact with Iran would be meaningful upon P5+1 and allies including Israel’s disarmament setting precedence for a nuclear free world.

Meanwhile, the political exchanges on this issue projects a contrived performance to confuse world audience.

Greece – The ruling government capitulation to EU & EZ demand to receive bridge loan €7 billion to Greece banks and a subsequent €86 billion as third bailout to meet debt obligations to major creditors such as ECB and European Stability Mechanism ESM with Germany Bundestag proposals on setting up a trust comprising Greece public assets for privatization i.e. reserving Greece national and private properties as collateral is anything but remedy to Greece economic recovery.

The developments aim to protect predator practice reflective in Germany’s assertive goals and Brussels geopolitical strategy as confirmed by France Prime Minister Manuel Valls in response to opposition to GREXIT.

Any government or leadership myopic view on matter prolonging into major erroneous commitment is not fighting the battle and indeed surrendering weapons to those keen on further assault unlike the premier’s interpretation otherwise. 

On the contrary adopting pragmatic approach preventing the nation and people from endless debt cycle by returning to original currency bolstered with sound financial and economic reforms would be the saving grace. 

In the prevalent supremacy era with increasing ambitions to occupy nations under any pretext ranging from providing security, training foreign nations military and police force to installing Patriot Missile system like Germany did in Turkey in 2012 and the current rescue financial scheme for Greece evolving into seizure of sovereignty prompts citizens alert. 

The organizations and institutions betting on failed policy and flawed strategies to deliver anticipated outcome repeatedly deal with disappointment and calamity of greater magnitude.

The established pattern yet to be recognized counterproductive. 

EU and euro zone survival not possible in retaining Greece or other member states for vested interests with foundation premised on superficial settings contributing to collapse.

Greece and PIGS citizenry waking up to reality and assuming control of their life and livelihood through political and economic freedom not subjugation is the sensible alternative to the crisis.

Peace to all!

Thank you.

Padmini Arhant







Greece – EU Ultimatum With Austerity

July 15, 2015

By Padmini Arhant

Following the national referendum early July, the international creditors and EU members, the German leadership in particular ruled out economically viable options such as debt write off and financial plan aimed at restructuring, capitalization together with growth oriented reforms besides spending cuts to rescue Greece from precipitous decline.

The recent EU summit has enforced more austerity in defiance to Greece citizens’ rejection of the failed policy responsible for Greece deterioration and similar impact across Europe leaving 25 million and more workers in the unemployment category.

The EU decisions evidently prioritize pride and pecuniary power over pragmatic solutions to debt crisis.

Another obvious sign in the ongoing development is EU re-attempt to remove incumbent government considering earlier outcome with plebiscite on austerity attached to government resignation upon YES vote went the other way.

Accordingly post EU marathon meeting, the determination to cause political instability instigating infighting in Greece during prime time of government preparing to present EU recommended grave austerity programs to the Parliament is not a coincidence.

The turbulence in Greece with external meddling in political affairs of a sovereign state has striking resemblance to events in Ukraine.

Ironically, the austerity proponents in EU consciously ignore the costs related to holding referendums and frequent elections by stirring political tensions to jettison the premier and the government not approved by them.

The involvements also pronounce the respect or the lack thereof for foreign state sovereignty.

I reiterate on EU bureaucracy costing EU citizens a fortune and yet EU dogma on austerity is extremity overriding rationality.

When a nation is deprived of income due to lack of investments in the economic sector saddled with common currency euro compromising competitive edge in trade and microeconomic activities,

The spending cuts and draconian measures arguably exacerbate economic conditions stifling any chances of recovery.

EU offer on the third bailout €86 billion tied to harsh financial terms is aimed at ejecting the present government rather than addressing the economic recession and liquidity problems in the country.

The contemporary practice to destabilize nations for ulterior motives guaranteed to affect sources especially in the inter-dependent regional and global economic environment.

EU and euro zone protectionists’ egregious doctrine on severe austerity proved a phenomenal failure and no longer sustainable. 

France is an  example of austerity stricken economy producing massive layoffs  and government legislation extending retirement age while reducing pensions and wages crippling the French work force.  

French Prime Minister Manuel Valls emphasis on Greece remaining in euro zone otherwise opposition to GREXIT was explicitly stated as geopolitical importance clarifying EU real intentions slighting Greece and other member states viz. Spain, Italy, Portugal and Ireland…economy. 

EU steps against Greece economic stimulus is counterproductive.

The insistence on trying same experiments expecting different results defy basic intelligence not to mention the expenses incurred in the repeat trial and error methods aggravating the process.

EU commitment is saliently towards saving euro zone and parallel government in Brussels than outreach member states with necessary financial package.

Greece government approach to resurrect economy and release the people from indebtedness lies in independent economic and financial management reinstating the original currency drachma backed by sound monetary, fiscal and trade policy.

The opportunity is far better and greater with people governed state in control of national assets and treasury unlike existing hierarchy subjecting member states to individual and EU parliamentary procedure on critical economic matter contributing to waste of time, resources and money in the austerity dominant era.

Perhaps Greece resonance in this respect could avert political turmoil ending economic misery.

Good Luck! To Greece population in claiming political and economic freedom.

Peace to all!

Thank you.

Padmini Arhant


































Greece – Fix It Or GREXIT Dilemma

July 7, 2015

By Padmini Arhant

Greece despite unequivocal NO vote against austerity compromised soon after the outcome with the finance minister Yanis Varoufakis resignation on euro zone officials demand stating the minister was unwelcome in the meeting.

The euro zone and EU gesture speaks volume of the respect or the lack thereof to democracy given the promotion of western democracy worldwide.

Furthermore the disposition reflects on the one world government (NWO) i.e. EU in Brussels direct interference in political governance of the member state and dismissal of sovereignty.

EU and euro zone expect Greece to stay in the Union to share the burden on euro volatility alongside stifling competition on trade and tourism favoring the major players Germany using euro and England opting out of euro.

However, there is no incentive provided to Greece in alleviating economic hardship with financial assistance to restore domestic banking system, emergency liquidity and internal cash flow to stimulate economy.

Greece using euro as the national currency is unable to exercise money circulation and distribution along with controlling inflation otherwise Greece has no control over EU and euro zone implemented monetary, fiscal and trade policy.

In fact this situation applies to PIGS states and Eastern European members economy under Brussels mismanagement.

EU and TROIKA austerity imposed on Greece and other recession hit economies exacerbating financial problems in the private and public sector.

In the absence of economic growth with capitalization at affordable borrowing rates, the cash strapped nations are pushed towards adversity with austerity.

The austerity proponents exempt them from fiscal restraints considering expenditure in Brussels run parallel government appoint delegates in various positions leading to unnecessary bureaucracy.

The costs are transferred to the citizens of the member states especially in the lower economic strata like Greece. Hence EU insistence on Greece for additional hikes in Value added taxes (VAT) to perpetuate Brussels extravagant operation only serving oligarchy and vested interests.

TROIKA involvement in Greece deviating from financial activities to choosing governments with frequent elections and forcing the recent referendum cost the state in contradiction to their prescription on austerity.

The plebiscite outcome with a YES vote anticipated by TROIKA was aimed at removal of Syriza led government from power preparing Greece for yet another polls to install TROIKA approved government at exorbitant expense to the people in Greece.

Again there is no recognition amongst TROIKA imposing will that contributes to more spending in the intentionally caused political tensions for instability.

TROIKA striking down proposals from the current Greece government and extending status quo might satisfy egotistical stance and essentially conflate the problems affecting the creditors and debtor.

Euro future is hanging in balance with disproportionate benefits to members within circuit not to mention the superficial value on the commodity conforming to currency maneuver trend.

Greeks with similar desire to stay in euro zone and EU need to review the experience in the past years up until now.

The dependency on TROIKA and EU for necessary breakthrough has not been forthcoming to relieve the ailing economy and instead the woeful measures are regarded the appropriate remedy saturating public and private debt in the country.

Greece political party Syriza concerns about leaving euro zone upon no positive developments in the negotiations between government and TROIKA would have to be transformed into preparedness with alternatives in returning to drachma that facilitates independent strategy on monetary, fiscal and macroeconomic conditions customizing applications to match targeted growth and output.

As for explanation to the electorate on the issue – any discerning citizen would realize impediments no longer obscure in the false sense of security in euro zone and TROIKA cart blanche authority ignoring reality in the harsh austerity.

The political party shift to a position away from the one adopted on campaign trail would be a broken promise when the decision is to serve the purpose other than republic progress.

In this instance Greece cornered without flexibility to restructure financial operations for economic boost besides debt settlement.

The extreme demands necessitate the viable option to reinstate drachma with sound monetary policy and financial as well as economic reform attracting investments in the economy and capital infusion in the banking sector.

The excessive reliance on bailouts from external sources with the pledge to remain under euro zone confined perimeters and TROIKA doctrine as safe haven when results proved to be counterproductive exemplify confidence and trust deficit in self-emergence and competence.

Nations survive and thrive upon sincere commitment to lead and perform exceeding the expectations demonstrated in hard work and integrity as collective responsibility with transparency and accountability to eliminate corruption and contain failures in all endeavors.

The comprehensive financial and economic plan on Greece recovery will be submitted subject to outcome on EU summit and financial discussion between the incumbent Greece administration and the other side.

Greece could FIX IT in the event of GREXIT with pragmatic solutions and disciplined methods blended in inspiration and optimism for economic resurgence.

Greece crisis will be monitored with relevant input until the matter is resolved.

Peace to all!

Thank you.

Padmini Arhant


Greece – TROIKA Diktat Undermine Democracy

July 6, 2015

By Padmini Arhant

Greece was forced into a plebiscite and the people delivered the message with an emphatic NO vote.

Civilized are those who accept victory with humility and acknowledge defeat gracefully in any event.

TROIKA – the lenders direct intervention in Greece or any other nation’s governance is oligarchy exerting authority to stifle democracy.

The referendum rejecting austerity obviously regarded impediment by TROIKA in prolonging the devious debt slavery.

Greece is the initial target for the unscrupulous operatives in TROIKA to eliminate democracy for similar imposition worldwide.

The long conceptualized NWO – the new world order with EU accompanied by euro zone – the second model following the United Nations aimed at stripping nations of their sovereignty.

The moneylenders wells are drying and they want to fill them with Greece and PIGS states citizens tears despite the doomed fate upon TROIKA.

Human folly is presumptuousness and challenging forces when time is against them especially now the cosmic forces presence denying them any such opportunity forever.

I reiterate nothing is meant to exist for eternity in the creation by divine power.

Europe is on the precipice predominantly due to unbridled greed since time immemorial and became prominent through persisting imperialism.

European history is testimony to the fact the rise of feudal system forcing population into slavery to maintain parasitic culture among the self-proclaimed privileged class for their comfort and luxury had to reckon with popular uprising turning into revolution.

The cowardly practice using taxpayers funded police force notwithstanding trained private militia to quell public dissent cannot protect those in ivory tower any more.

I emphasize on the current cosmic time extending into future beyond the obstructionists’ dwarfed existence.

I am not here at the nefarious elements beckon call that I would exit on their insistence to disappear.

As the representative with divine mandate in the preordained divine mission honoring the Supreme power, the Almighty God’s  commandment and blessings, I remain committed in the mission to protect humanity and planet from thievery and incessant destruction.

Time is already proving the triumph (TRIAMF) of divine mission over the suicide mission.

Good Luck! to victims of exploitative scheme by TROIKA in defending liberty and sovereignty – the inalienable and non-negotiable right.

Peace to all!

Thank you.

Padmini Arhant












Greece – Plebiscite No Vote Victory

July 5, 2015

By Padmini Arhant

Hello Everyone!

Today has been a remarkable day for Greece. 

Greece had a plebiscite on austerity.  The people delivered the message with NO vote.

I would like to convey my heartfelt Congratulations to the citizens in Greece and the government headed by Prime Minister Alexis Tsipras, Finance Minister Yanis Varoufakis of the political party Syriza along with independent party in coalition representing the people of Greece.

You have truly spoken in the referendum with your NO vote. Your rejection of austerity.

I consider this a victory to Democracy.

Democracy is in action for the fist time in the world standing up against counterproductive policy.

Greece introduced democracy to the world. Once again Greece restored democracy to make people choice relevant.

Citizens in Greece, you have taken a bold decision that required courage and enormous will. You have demonstrated your pledge of allegiance to your country.

Every one of you must be proud of yourself for this incredible action.

The immediate future might be turbulent for you.

You have been through so much in the past 8 years.

You are in a position to weather the storm. This will not be anything as compared with what you have endured up until now.

There is lot of speculation and commentary about what might happen to Greece?

This is directly related to your present and future. All that you need to remember is Greece has been around for a long time well before and during the crisis.

Greece will be able to deal with any problems now on.

You had to go through extremely difficult time. The world witnessed your pain.

Life experience serves as the strength to face any challenges in the long term.

When you reflect on the past you realize that you were able to survive the worst time in your life and now have the resolve not to succumb to any crisis.

The time might appear uncertain with no guaranteed outcome. However, you should not let this become a permanent situation.

Mistakes made in the past are not to be repeated again.

Strong commitment is required to face the upcoming changes and with due diligence, wisdom and perseverance you could transform the economic status from recession to recovery.

You have stood behind the government headed by Prime Minister Alexis Tsipras and the political party Syriza as well as the coalition.

The government will have to move ahead to lead the country in the path of progress.

The first step would be to find financial solutions to the cash strapped economy and emerging out of capital deficiency. Furthermore implementing critical fiscal and monetary policy besides improving macroeconomic conditions and adopting result-oriented strategy are the keys to success.

You will not be alone in this journey.

I will be providing you with a comprehensive guidance and restructuring of the economy for your reference and application.

Unity and collective responsibility would make the task less burdensome.

Greece has taken a new birth with hope that will turn into reality through efficiency and determination to prevail.

Good Luck to citizens in Greece and the government under leadership Prime Minister Alexis Tsipras and others or speedy economic revival.

Peace to all!

Thank you.

Padmini Arhant










GREECE – Plebiscite on TROIKA Austerity

July 4, 2015

By Padmini Arhant

Greece forced into referendum on austerity by IMF, ECB and EU is greed driven strategy.

Greed is a terrible disease and those affected by this illness could contain symptoms with self-restriction. When they are overwhelmed with greed they succumb to fate. Greed consumes them.

Greed is the cause for them to become international predators than creditors.

Even Jesus Christ could not reason with moneylenders and compelled to use violence. Jesus Christ whipped them and condemned their unreasonable conduct.

TROIKA could address this matter through proper engagement with the present government and accommodate reality into equation.

Austerity has been devastating for nations and the people in Greece are simply threatened to submit to TROIKA’s extortion.

TROIKA and forces galvanizing YES vote in the plebiscite do not necessarily win with fraudulent means to show victory.

The YES vote to TROIKA would give legitimacy on debt slavery. The YES voters are in kamikaze operation for they are not only doomed, their careless action would make the remaining citizens to share similar destiny.

TROIKA’s bailout requirements is a direct claim and control over Greece economy and human capital i.e. the citizens to bear debt burden lasting over generations when the survival of the present population is made nearly impossible with their austerity policy.

Austerity on Greece is prosperity for TROIKA. Again not everlasting as anything founded on deceit and exploitation would expedite the source conclusion.

TROIKA is clueless about austerity considering the life of opulence they maintain as entitlement at Greece and other nations expense.

In the Dark Age, human mind is able to relate to pain only through personal experience. That’s why there is apathy to human suffering among those prioritizing personal well-being and pleasure.

The financial institutions behind GREECE meltdown were handsomely rewarded for the reckless and unlawful indulgence as investment bankers trading hedge funds with toxic securities in the global market.

These firms were treated with special attention using United States taxpayer funds in the bailout.

Now United States as the chief controller of IMF together with EU and ECB lack credibility in their demand on GREECE and people of other recession hit economies to oblige.

The people are enduring the sins committed by financial brokers and major players in the windfall adopting unscrupulous practice.

The compare and contrast between Germany and Greece do not reflect the facts and as usual missing in substance.

Greece contribution to the world with philosophers like Aristotle, Socrates, Thales and Epicures to name a few amongst several renowned in this field, astronomers – Aristarchus and Eudoxus, physicists viz. Archimedes, mathematician Pythagoras and political scientists are slighted in the biased comparisons presented as analysis by TROIKA hired communication media.

Germany success as euro zone member and leading state in EU is because of exceptional advantage to Germany over the rest in the 28 members bloc.

Germany – the predominantly export oriented nation specializing in heavy metals and high end manufacturing goods related to automobile, aviation and other transportation industry use euro in leveraging against Greece and counterparts from eastern Europe in trade.

German deutsche mark was not feasible in the export trade especially with Europe in deep recession and vagaries in the global economy.

On the other hand euro facilitates Germany to neutralize volatility via distribution amongst members in EU.

The debt saddled states like Greece, Spain, Portugal, Italy, Ireland (PIGS) and eastern European countries are essentially providing for Germany in the balancing act with investors raking profits in Greek bonds compared with low yielding German security in the lending exchange amongst TROIKA.

The banks capitalization exclusively focused on lending for debt repayment to TROIKA ignores economic development in Greece and PIGS states.

Greece returning to original currency drachma would enable export to developing nations and emerging economies besides tourism generating revenue with global visitors from far and wide.

Germany described as nation not paying high wages as Greece is a misnomer.

In fact Germany social security payments and unemployment benefits are far greater in the industrialized world and adapted by Australia in the hand out to those choosing to remain unemployed leaving the immigrants to drive the economy.

Australian dole checks largely drawn by white majority in the country is the influence of Germany policy.

Germany industrial output is from East Germany more than the west given the hard labor tradition under Soviet rule. Germany productivity also attributed to immigrants in Germany despite reservations towards immigrants in deutsche land.

Greece need to allocate budget to expand broadband access and invest in technology based government services that would cut down bureaucracy and shift the labor force in technology oriented jobs for efficiency and transparency.

Greece could also mobilize the nation towards renewable energy like solar and hydropower minimizing energy dependency and costs in the public and private sector.

Greece anti-corruption measures beginning with government from top to bottom would build trust and seriousness in the treatment of the epidemic.

Further on the economic front – Greece needs to use the natural resources such as marble, clay, nickel, coal, bauxite, ore and chromate notwithstanding lignite, petroleum, iron ore, zinc, lead, magnetite, salt and hydropower potential to the maximum.

Greece could promote local production and business in these areas with incentives to small, medium and large companies inviting subscribers to government projects and spearhead domestic campaign to bring offshore holdings to jumpstart economy.

Agriculture land to grow crops and produces for the country and overseas markets would be another economic boost alleviating poverty and unemployment.

Tourism showcasing the Greek islands and Parthenon’s and other attractions would be lucrative with drachma as the currency rather than euro to stifle competition from neighbors on euro currency that makes travel expensive for foreign tourists visiting Europe.

These are preliminary steps to rebuild Greece economy and improve financial situation.

Greece should recognize that existence in tandem with EU and TROIKA financing would only deplete the treasury. The money borrowed from them on austerity basis proved destructive thus far.

Calling for direct investments and job-oriented programs are the meaningful ways to revive economy.

The resistance from TROIKA in this context exemplifies profiteering from citizens’ economic misery that cannot be extended any longer.

Lending for exacerbating economic woes via austerity is TROIKA doctrine. The scenario is imposed with no flexibility for reconciliation.

TROIKA trend is unsustainable for them and the victims of austerity.

The prevalent austerity to intensify citizens plight best renounced and instead the practical approach to resurrect economy is the viable solution to Greece problem.

Greece is at the crossroads and citizens exercising discernment with NO vote in the referendum paramount to SAVE GREECE from foreign seize of assets along with economic and political freedom.

Nation prevails with people pledging allegiance to sovereignty.

May wisdom and rationale provide guidance in the Greece referendum!

Good Luck! to citizens and the government in Greece in the solidarity against austerity.

Peace to all!

Thank you.

Padmini Arhant


























Greece – Economic Crisis And Troika Deal or Extortion?

July 2, 2015

By Padmini Arhant

The ongoing economic crisis in the Mediterranean country Greece originated from the sub prime mortgage debacle in the United States in December 2007.

The hedge fund and international securities traded by investment firms nowadays as equity management companies viz. Goldman Sachs then engaged in Greece is initially responsible for Greece economic recession due to bad decisions and directives including misrepresentation to creditors at that time.

Goldman Sachs along with many financial institutions behind gross mishandling and mismanagement triggering economic bleeding in early 2008 experienced earlier in Iceland and endured until today in Greece, Portugal, Spain, Ireland and Italy viz. PIGS…in Western and Northern Europe were bailed out with no stipulations and granted taxpayers funds exceeding trillion in the United States treating the cash payout to bankers as their privilege.

Subsequently the global economic meltdown with severity in Europe weighted down Greek economy tied with euro zone.

The euro as the national currency in Greece and throughout EU excluding England with over optimism on the common unit has failed to deliver the value pegged to the unstable and superficial commodity.

European Union policy of austerity on Greece strangling the country with demands on economic reforms primarily favoring the international creditors viz. International Monetary Fund (IMF), European Central Bank (ECB) and European Commission (EC) or EU presided financial package essentially behind Greece default.

The troika imposed austerity to streamline spending in the absence of economic growth stimulants in Greece evidently debilitated the cash strapped nation.

The two bailouts to Greece in 2010 and 2012 €240 billion ($272 billion) substantially expended in servicing the debt to international lenders viz. the troika – IMF, ECB and EC as well as the financial institutions with stake in Greece rather than direct investments in the economy promoting employment and business prospects for the citizens across the country.

The massive layoffs, salary cuts and pension reductions in compliance with EU bailout requirement further exacerbated the economic situation.

Following the adverse effects of austerity, the Greek electorate elected the anti-austerity political party – Syriza headed by Prime Minister Alexis Tsipras forming the coalition government with the independent party in Greece.

The ruling party in Greece consistently maintained negotiations with international lenders since election on January 25, 2015 alongside systematic improvement in reform focused on alleviating poverty and adopting strategy to satisfy obligations on the bailout program.

The troika conditions to incumbent government request on the six months extension to bailout deal deserve attention.

Greece approached the international lenders aka Troika to grant from the profits on ECB held Greek bonds to meet the immediate financial needs. The fund €12 billion ($13.4 billion) was scheduled as the offer.

In that amount €1.6 billion ($1.79 billion) payment to the IMF on June 30, 2015 was the priority and now that date has expired. Another €6.7 billion is to be settled with ECB in July and August.

Greece was offered a possible bailout not intended to relieve the economy from deterioration instead to enable Greece to pass that amount €1.6 billion ($1.79 billion) to IMF as loan payment at exorbitant interest rates and prepare for payments to ECB within weeks of receiving the third bailout amount.

Greece essentially used by lenders to profit from lending through money circulation amongst them under the pretext of rescue scheme with Greek citizens forced to bear the lending costs and high interest.

  1. Reducing pension payments that would only affect consumer spending with impact on retail business and ripple effects on the wholesale and manufacturing on domestic products while restricting import from EU and abroad.
  1. Increase Value Added Taxes (VAT) – in the dire economic environment, the average consumers forced to pay more taxes in addition to hikes up until now to payback lenders is an extreme measure contributing to consumer woes and limiting business activity in return.
  1. Military Expenditure cuts – perhaps setting the stage for complete NATO control over the nation.
  1. Privatization of country’s airports – the proposition from EU and lenders is a deviation from relevant options and subscribe to ulterior goals.

In response to international lenders harsh austerity imposition;

Greece Government reforms comprised – efficient tax collection methods, social security system and streamlining government bureaucracy. The additional steps included anti-corruption and promoting business as well as backing privatization in the economic sector.

As a result of Greece government and Troika failure on the agreement, the referendum on July 5 is expected to reject or accept EU, ECB and IMF rigorous austerity.

Despite Greece administration’s numerous concessions and adjustments to accommodate EU and lenders chronic treatment evidently a flawed recommendation,

The lenders declined the roadmap that had 70 percent of Troika trails and 30 percent Greece government shelter to save the economically deprived population from abject poverty.

Prime Minister Alexis Tsipras has called the nation for NO vote on EU austerity in the upcoming referendum.

The last minute overtures from the Greek leadership to EU and creditors has been in vain.

Greece citizens need to understand the entire scenario and act accordingly to relieve them from the persisting economic calamity and potential power vacuum paving way for EU and partners to install the government of their choice like in Ukraine.

The present Greece government is poised to resign upon YES referendum to EU and international creditors ultimatum.

EU and creditors stringent austerity on economically struggling nations has been counterproductive. Yet there is no acknowledgment from them and the hard line approach towards Greece is similar to the neighbor Cyprus account.

Cyprus bailout was tied to closure of the nation’s second largest bank, Laiki Bank and a 47.5 percent cut on deposits over 100,000 euros at the Bank of Cyprus for recapitalization.

The same formula was applied to Iceland problem and led to brink of economic collapse.

Cyprus capital Nicosia was hamstrung like Greece now and Cypriot parliament pushed into first post-bailout budget prior to receiving €83 million as installment payment from Troika in late 2013 and early 2014,

The austerity on Cyprus was identical to instructions to Greece – pensions and salaries were targeted with the outcome being dramatic escalation in poverty and unemployment in the country.

Interestingly Troika projection on Cyprus economic status after EU and euro zone austerity was the gross domestic product contraction to 7.7 percent in 2013.

IMF, ECB and EC/EU prolonged austerity only tightens the noose around citizens to submit to unreasonable unaffordable trend.

IMF and World Bank legacy in transforming developing nations to banana republic as it happened in Argentina, Panama, Chile, Indonesia and Mexico…are few of many countries drawn into the debt dragnet.

The developments against Cyprus and Greece serve as strong reminder for the people to protect their sovereignty.

The international creditors regrettable actions thus far confirm the reputation as predators ignoring the fact that austerity alone without revenue not viable for economic recovery.

Greece is confronted with EU and euro zone pursuit to topple present government for the stance against austerity based on reality.

If the referendum on July 5 anything like the event on Scotland independence with fraudulent means generating the predetermined outcome, Greece future would be bleak.

EU attempt to expel Greece government with Prime Minister Alexis Tspras is tactfully deployed creating circumstances for the government to seek people consent on EU austerity in the background of Syriza party elected to power to spare the citizens from economic plight inflicted via austerity.

In a way EU’s tactical move is to turn people against the government with Troika officials not entertaining Prime Minister Alexis Tsipras modified reforms to satisfy lender’s extraordinary gains from human misery.

Greece would survive the economic and political storm on its shores in returning to original currency – drachma for euro survival is not possible considering the lenders’ and EU irrational economic growth resistant strategy crippling economies to the point of no return.

Greece was the first nation to introduce democracy to the world and when democracy is threatened by forces to unseat the caring government that prioritize people over self-interest, the citizens must rise to the occasion and safeguard liberty that would then guarantee economic progress.

Greece voting NO to austerity on July 5 and retaining their honor by rallying with the current government opposed to EU plan that denies decent wages, pensions and business opportunity for jobs would demonstrate fairness prevailing over darkness.

Troika deal is nothing more than extortion exploiting the critical moment in Greece.

Greece defiance to EU and international banks austerity is the saving grace.

Greece unity to proudly defend the country from overt control under the guise of monetary aid would prevent Greece economy from free fall.

The clarion call to Greece is to back your government under the leadership of Prime Minister Alexis Tsipras and alliance to overcome the external challenge.

The major stumbling block is EU and euro zone membership with inherent complexity such as any submission on economic matter is subject to review, debate and approval by every other member state parliament and political consensus within.

The irony – EU preaching austerity hardly observes the tradition with EU officials and delegations appointments and salaries being an extravagant affair.  Even to hire the EU appointee, the amount spent in the recruitment process is not less than million euro. 

EU insistence on fiscal discipline exempt them from the protocol. 

Good Luck and best wishes to Greece and the government of Prime Minister Alexis Tsipras in the speedy economic revival as an independent nation.

Peace to all!

Thank you.

Padmini Arhant




United States – G8 Summit May 2012

May 19, 2012

By Padmini Arhant

Warm Greetings! To G8 leaders at the 2012 summit in Camp David, Maryland.

The exclusive membership represented by North Atlantic nations – United States, Canada, United Kingdom, Italy, France, Germany with the exception of Russia and Japan might have the opportunity to shed light on current events in Europe and the usual targets North Korea, Iran and Syria on the security context.

However, the organization validity would be poignant upon integrative approach rather than isolationism that are obsolete and redundant evident in the status quo.

Dissolving G8 and improving G20 forums in dealing with global challenges would be frugal in the contemporary austerity era saving time and valuable taxpayer dollars besides correlation with relevant geopolitical and economic dynamics contributing to global sustenance preventing catastrophic meltdown.

Economy – Euro zone objectives lacking in candor and specificity responsible for members precipitous decline not only in economic status but also political stability considering the latest instructions from dominant powers to Greece on austerity, referendum and general governance.

Similarly France and PIGS countries sharing the dilemma expected to follow suit severely undermines national sovereignty in exchange for membership demanding more and providing little or none to the manufactured crises in the region.

While rigorous measures implemented much to the population detriment in Euro zone rescue efforts,

The source causing the chronic problems for euro zone subordinates –

The central banks viz. ECB, Bank of England, the privately owned Federal Reserve in the United States, IMF, World Bank and prominent western financial institutions having emerged the real beneficiaries instead of being held accountable ironically protected from any potential financial calamity.

Governments hit with worst economic recession in Europe are subjected to massive layoffs in the conditional monetary proposals neglecting euro zone taxpayers money wasted in hiring European commission bureaucrats apparently appointed for life costing ailing EU economies billions of euros and raising credibility factor in fiscal treaty.

Credit rating agencies downgrading Spain and Greek banks for bad loans on the books generating major liquidity concerns contrary to treatment against western counterparts – the origin of subprime mortgage and hedge fund debacle exempt from such standards and rewarded with taxpayer funded bailouts in trillions of dollars since 2008 until now.

The discriminatory practices directly affect public depleting hard earned savings exacerbating financial woes for college students and small-medium business owners constituting the backbone of the economy as workers, consumers and taxpayers in the society.

Another G8 dogma consistently pursued benefitting the privileged despite negative returns for nations in Latin America and Asia like South Korea is Free Trade Agreement.

Free Trade Agreement unlike Fair Trade Agreement sought by nations across the globe deprives negotiations on equal footing subjugating partners for unlimited access to domestic markets, national resources and human capital exploitation at respective citizens misery.

Again at this G8 meeting, Canadian Prime Minister Stephen Harper enthusiastic pledge to promote Free Trade Agreement ignoring partner nations experience demonstrated in main street protests confirms the nexus group priority on global dominance.

Agriculture – G8 influential members in cohort with powerful corporations viz. Monsanto and agro based manufacturers behind farmers deteriorating conditions to survive and effectively compete in the globalized setting led to suicide and bankruptcies amongst farming community worldwide.

Politics and Global Security – Fundamental transformation with departure from U.S. led NATO military operations and provocative deployments adopting peace, diplomacy and economic development would clarify G8 commitment to humanitarian progress.

The political motives aimed at destabilizing West Asia through –

Arms supply sabotaging ceasefire in Syria,

Crippling sanctions against Iran even in the absence of nuclear capability per U.S. and Israeli military and intelligence reports,

Decimating Iraq, Afghanistan and Libya,

Authorizing Saudi Arabia with illegal annexation of Bahrain for strategic control is anything but democratic to intelligent minds in the international domain.

Environment – The trend continuity reflected in environmental goals with fossil fuel and nuclear industry financing political campaigns jeopardize climate talks from fruition.

More pertinently defense industry and Council on Foreign Relations (CFR) combined with Trilateral Commission driven foreign policy determination to establish one world government through permanent occupation and illegal invasions pose existential threat to humanity endangering life and habitat.

Transfer of power from oligarchy and monarchy with imperialistic aspirations to republic rule is the only viable solution for universal peace and prosperity.

The nation at the foothills of Himalayas – Nepal successfully dethroned monarchy rejecting feudalist system in modern age.

Western nations and allies in this regard maintaining medieval kingdoms and fiefdoms under ceremonial pretext but in reality wielding tremendous authority is a paradoxical trait for shadow powers envisaging space colonization.

Dreams for greater good could be an eventuality contradictory to narrow vision premised on self-interests remaining a mere fantasy.

People power is the imminent future for mankind with pervasive freedom, equality and tranquility.

Peace to all!

Thank you.

Padmini Arhant

Greece – Economic and Political Turmoil Amid Eurozone Conundrum

May 15, 2012

By Padmini Arhant

Greece continues to be in spotlight for economic woes and election results with no decisive victory.

The political parties inability to form a viable coalition has left the country under caretaker government.

The symptoms in the ailing economy were overlooked leading to status quo in Greece.

Greece problems originally associated with hedge fund debacle tracing roots in Wall Street and Goldman Sachs, borrowing funds on fictitious financial presentation ignoring revenue and expenditure…are fundamental errors in the burgeoning meltdown.

The successive governments failure to recognize the avalanche from preventable deficit spending combined with stagnant taxation policy in the absence of economic measures to stimulate growth could be attributed to prevalent distress having ripple effects on politics.

Whenever national economy neglected hurting the population, the voter backlash imminent against incumbent and potential aspirants without solutions to serious problems inviting chaos and unrest.

Greece is at the crossroads on economic and political front.

On the economy – Regardless of grand troika i.e. the IMF, ECB and EU bailout,

Greece could start with review of erroneous policies that caused the economic mess.

The government bears responsibility for not exercising prudence.

Simultaneously the private sector for tax evasion and capital flight overseas rather than job oriented domestic investments shifting the burden from public sector employment and catering to local business expansion.

The government tax reform blocking loopholes and retrospective collection from those not having paid any amount let alone fair share could open the channel for national wealth recovery.

In conjunction, companies in Greece and foreign entities could be offered concessions on corporate and payroll tax – incentives to create jobs absorbing the massive federal layoffs providing some relief to deteriorating situation.

Thorough assessment of income and expense to increase and decrease avenues respectively in the budget,

While maintaining key programs such as health care to the weak and vulnerable,

Youth education for qualified skilled labor force enabling productivity and exponential taxpayers in the economy,

Substituting bureaucracy with efficient technology in expediting government approvals on projects, business licenses, leasing government lands to industries within environment laws are some initiatives guaranteed to alleviate dire state.

Underemployment over unemployment would be a better alternative i.e. retrenchment replaced with furlough (hours cutback) in the small, medium and major corporations with trade unions participation limited to workers safety, healthy conditions with standard benefits, minimum to reasonable wages and anti-discriminatory environment could stimulate economy and consumerism necessary for retail, wholesale and eventually manufacturing sector.

Reiterating earlier proposals on attracting capital inflow for economic development is favorable against harsh conditional bailouts compromising sovereignty due to deprivation of negotiations with euro zone power.

Furthermore, funding towards job promotion and economic revival contrary to lending for government survival would benefit population and nation considering severe austerity tied with IMF, ECB and EU intervention aimed at vested interests.

Once forming Greek government, the political leaderships could convene a meeting with multi-tiered business community seeking their cooperation to resurrect economy initially with tax remittances saving government from pursuing them utilizing the legislative course.

Then granting subsidies to certain industries with a requirement to hire workers in addition to exempting trade tariffs and barriers would address the current soaring joblessness exacerbating citizens plight.

International financiers could be invited to invest with a well-organized business plan and risk evaluation methods to sustain gains facilitating peace of mind and definitive positive returns for investors allowing direct operational management.

Besides fostering venture capital dividends re-investment would energize market for pervasive economic recovery notwithstanding much anticipated employment in the process.

With lower inflation from deep economic recession in the past five years, the investment prospects are higher for any investor at home and abroad not to mention the substantial work force availability making overheads more affordable.

The primary goal is to introduce robust economic policy encompassing fiscal and monetary oversight.

Concurrently targeting trade activities related to national resources and areas expected to generate proceeds viz. tourism, hospitality industry…each nation might vary in this regard and largely dependent upon unique endowments.

Most importantly taking control of money supply by printing money with precious metals like gold backing would emphasize sovereignty relieving nations from private ownership discretion.

Greece and neighbors with common economic strife could approach potential creditors with conversion debentures / bond Swap or shares convertible bonds maintaining flexibility for both debtor and creditor to transform debt into capital for the former and the latter with opportunity to become shareholder in economic undertakings moving away from debt servicing with stringent enforcement – specifically austerity.

The creditor declining conversion could be settled with cash reserves given the pre-determined fixed interest rates on these debt instruments are lower than market rate.

France and PIGS (Portugal, Italy, Greece and Spain) dilemma on euro zone membership bound by rigorous terms imposed by unelected external authority predominantly responsible for mayhem triggering main street demonstration in state capitals with political impact in Greece.

Euro zone is a modern day conundrum with seventeen nations’ economies intertwined and forced in a tug-of-war.

The performance or the lack there of particularly negative trends contagion evidently significant and deserves careful analyses to ascertain pros and cons for member nations contemplating voluntary exit or facing punitive expulsion by dominant powers behind the Union.

Euro zone is a prototype for one world government under single monetary unit envisaged for global dominance.

The model inherently lacking in effective strategy to deal with upheavals and apparently designed to serve the privileged at the remaining members detriment.

As for the beneficiaries – the central banks, IMF, World Bank and prominent western financial institutions are protected from brink of collapse by riding on taxpayers worldwide.

Trading through common currency and safety net perception enticed nations classified subordinates in the hierarchy.

Those cashing from trading without boundaries are now saddled with the weight of the same economies that imported goods until the euro zone fate started hanging in balance.

Euro zone boosted the high-end export economy like Germany and the currency deutschmark in the short run.

However, the disintegration is inevitable given the discord among members and public outrage denouncing EU actions thus far described as draconian for driving their economies to point of no return through deficit reduction and spending cuts demand unaccompanied by economic output.

Moreover Greece and other nations sharing similar predicament thrived before EU and euro zone formation.

The dependency on euro zone as rescue operator not necessarily achieved in practice
irrespective of nations willingness and majority exemplified thrusting Brussels unreasonable recommendations in legislation on the people worsening en masse suffering with no end in sight.

EU and Euro zone architects could perhaps explain the purpose in broader aspect on parallel government run by plutocracy conspicuously oblivious to mainstream adversity from extemporaneous policies formulated in secret chambers for sole advantage.

European nations – the victims in euro zone experiment reverting to national currency adapting United Kingdom principle that opted out of adopting euro for internal or external use to retain sterling pound value even though EU and euro zone conceptualized by oligarchy and Europe’s monarchies network to be applied in global establishment.

Euro artificially contained in volatility via currency manipulation – unlike the open discontent expressed against China on trade imbalance.

Political Stalemate – Greece elections delivering no conclusive outcome interpreted as electoral frustration against main political parties for prolonging misery understandable.

Nevertheless the country needs governance and a sense of direction to lift the economy and move forward with pragmatic remedies not only to salvage in the interim but also in the long term averting repeat events with relevant safeguards and fall back options that are absolutely essential to independently steer out of quagmire.

The existing scenario barring political factions to form coalition premised on different platform could be overcome in accepting reality – austerity alone would not work to reset economy.

As highlighted above, stipulations on loans to Greece and counterparts right now are for debt reduction and core administration functioning to liaise with Brussels brushing aside hemorrhaged economy and representatives – the citizens across the spectrum.

Unless economy is financed for GDP improvement and job creation, the band-aid treatment would not heal the overall manifestation.

Opposition to austerity is responded with prompt replacement of EU choice witnessed in Prime Minister George Papandreou – no confidence vote brought upon by outside influence.

The outgoing head of the state Lucas Papademos was ECB ex-Vice President appointed to implement Brussels extremities obviously unsuccessful and revealed in political uncertainty amid economic turmoil.

Greece – the civilization that contributed modern political system to the world – Parliament and Democracy cannot be disoriented in the new age.

Greek electorates desire to be part of euro zone barring European Commission’s rules specifically austerity – the position met with criticism per news report.

Holding frequent elections is expensive for nations at any time. Greece under duress could no longer perpetuate economic downslide.

SYRIZA and Socialists Party could forge alliance with a paradigm shift in political and economic structure focused on departure from euro zone and adhering to self-disciplined resolutions for change to come into fruition.

The above-mentioned economic guidance could impetus the desperately needed surge.

Streamlining cuts – abandoning redundant, costlier government involvement ranging from military to civilian commitments would spare divestments in the economy.

Prioritizing job arrangement and crucial services is a necessity and practical endeavor for government and business leadership.

Policy framework could be regularly monitored for appropriate modifications and renewal.

Political perspective – crackdown on corruption that stigmatized Greece credit history apart from default speculation is paramount for new beginning with checks and balances conforming to transparency and accountability.

Greek republic rising to the occasion defending individual liberty and national identity would set precedence for others to follow suit.

Greece has weathered storms before as a free nation and could do it again in the likened spirit.

Progressive motion terminating procrastination and polarization would revitalize economy with lasting political stability.

Good Luck! To people and political leaderships in Greece for stable and prosperous economy.

Wishing Greece a brilliant future ahead.

Peace to all!

Thank you.

Padmini Arhant


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