This page has been archived and commenting is disabled.

CIA Warns Of A Greek Military Coup, Rebellion, If Austerity Intensifies

Tyler Durden's picture


Turkish daily Hurriyet, which paraphrases German Bild, which in turn references a CIA report, warns that Greece could face a military coup if the "tough austerity measures and the dire situation" escalate any further. On the other hand, one can avoid this belabored hypertextual chain and simply look at what happens practically every day on Syntagma square where yet again we are witnessing record numbers of people protest against what everyone now realizes is a dead end regime (luckily, in a peaceful manner, for now). More Captain Obviousness (thank you Grant Williams) from Hurriyet: "According to the CIA report, ongoing street protests in crisis-hit Greece could turn into escalated violence and a rebellion and the Greek government could lose control, said Bild. The newspaper said the CIA report talks of a possible military coup if the situation becomes more serious and uncontrolled." Luckily, following last year's Athens mob-inspired flash crash, and 2011's MENA revolutions, the market is rather desensitized to this sort of thing, and nothing short of fat-finger driven invasion of Greece by Turkey, in its humanitarian bid to reestablish the Ottoman Empire 2.0, could dent the /ES or EURUSD by more than 0.01%.


Opposition parties have mostly refused to support the government in its quest to cut spending by trimming an overblown civil service and the sweeping privatization drive announced this week has attracted even stronger protests.

Meanwhile, the Dutch finance minister said his country, Germany, Finland and other EU members won't give Greece any more bailout money, if the debt-laden country fails to adopt further austerity measures.

Jan Kees de Jager said Saturday that "it's vital that Greece will live up fully" to conditions set by the International Monetary Fund if it's to receive the next batch of a 110 billion euros ($155 billion) bailout loan deal it agreed to last year, the Associated Press reported.

Last year, as the financial crisis battered Greece, Bild went as far as to highlight a suggestion by a conservative politician that Athens sell off some of its many islands to help pay off its debts.

What next: CIA reports that monetary policy could set off mass food price driven revolutions in North Africa?

h/t Scrataliano


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 05/30/2011 - 10:37 | 1322337 hugovanderbubble
hugovanderbubble's picture

In spain will be the same. Completly a chaos just 12-18 months...or why not sooner?

Mon, 05/30/2011 - 10:50 | 1322381 CH1
CH1's picture

I have no 'proof' for this... but I have a bad feeling about Q3 and Q4.

Mon, 05/30/2011 - 11:45 | 1322494 i-dog
i-dog's picture

"the CIA report talks of a possible military coup if the situation becomes more serious and uncontrolled."

Yep, that's the plan. You might even get to see CIA snipers on yootoob taking out a few protestors just to "liven things up" (à la Damascus, Cairo, Bahrain, etc). They wouldn't want it to fizzle out, would they?

The bankstas aided and abetted the PIIGS to go on a socialist spending spree and take on massive debt (not that any of them needed any encouragement, only squid fraud to hide it!). So they will keep the screws on by using the mob to oppose any spending cuts and the opposition to propose tax cuts until the suckers fold and restructure into long-term bondage and a handover of some gold and FIRE assets. Then comes martial law (so that the outgoing .gov gets the blame for selling the slaves down the road).

The Company likes it when a plan comes together.

Mon, 05/30/2011 - 13:08 | 1322731 Rodent Freikorps
Rodent Freikorps's picture

Wow, is there anything the CIA can't do?

You know they lied about burying OBL at sea.

They had him stuffed an mounted on the wall in the employee break room.

Mon, 05/30/2011 - 13:16 | 1322744 serotonindumptruck
serotonindumptruck's picture

So THAT'S how they disavow an asset.

I always wanted to know.

Mon, 05/30/2011 - 15:13 | 1323007 downwiththebanks
downwiththebanks's picture

NaziRat still buys the 'story'.

Good NaziRat!  Will your masters give you a treat for your obedience?

Do you remember, NaziRat, when the CIA worked with other NaziRats after WWII to install a fascist government in Greece?

Mon, 05/30/2011 - 15:56 | 1323077 Rodent Freikorps
Rodent Freikorps's picture

You remind me of a parrot I had once.

There is no evidence the CIA had anything to do with the '67 coup, especially since King Constantine liked the coup.

Mon, 05/30/2011 - 16:51 | 1323148 slvrsurfer
slvrsurfer's picture

Did u see "Charlie Wilson's war"? That guy "Gus"  was the one who gave instructions to the colonels. So, Yes there is plenty of evidence. It's basically accepted as fact.

Mon, 05/30/2011 - 16:50 | 1323151 Rodent Freikorps
Rodent Freikorps's picture

That was like a movie, right?

Mon, 05/30/2011 - 16:59 | 1323158 slvrsurfer
slvrsurfer's picture

Sorry, Read the book. In it are many details about his service in Greece.

Mon, 05/30/2011 - 17:05 | 1323165 cosmictrainwreck
cosmictrainwreck's picture

he was, after all, Greek, right? (if I recall)

Mon, 05/30/2011 - 17:08 | 1323171 falak pema
falak pema's picture

Rodent, the CIA cut and pasted the french parachutist led siege of Algiers in the 1957 insurgency to export it to Vietnam. They got the top french torturer, Commandant 'O', to come teach them torture in the sixties in Fort Bragg; how to apply 'french persuasion tactics against guerilla warriors' in Viet. They did it too, afterwards, very efficiently...Operation Phoenix. The same guy, now openly known as General Aussaseres, taught counter revolution in Managua to Brazilian and all South American 'pistolero' governments in the mid sixties, thanks to CIA financed and French military co-opted joint moves there, in counter insurgency training; to sell arms and counter revolution--big business. The Mossad was also there. Its all documented. So CIA WERE there in Greece, in 1967...very much so...they ousted Papandreou-father, they stage managed it with British help ...who had led the same military elements after WW2 in Greece to fight greek insurgency and were involved in Cyprus troubles just prior to military coup in 1967. All stage managed...piece of cake for CIA then...they were world wide!

Mon, 05/30/2011 - 13:47 | 1322806 thriftymost
thriftymost's picture

You employ "socialist" as a throw-away term of abuse, like hickdead or sockcucker, even as capitalism fails and socialist China kicks everyone's ass. I think you've got a necrophiliac crush on Ayn Rand. Hope your canned beans hold out till the Rapture.

Mon, 05/30/2011 - 15:54 | 1323080 Rodent Freikorps
Rodent Freikorps's picture

China isn't socialist. They are communist.

The suck balls as a welfare state.

Mon, 05/30/2011 - 16:47 | 1323147 morkov
morkov's picture

there's great chaos under the heavens. the situation is perfect!

Mon, 05/30/2011 - 17:57 | 1323205 thriftymost
thriftymost's picture

Define your terms.

The Chinese themselves claim to have a mixed socialist-capitalist economy, under the leadership of a self-styled Communist Party.

But with all of China's four big banks under direct Communist Party control, you've got to wonder about . . . everything.

And if, as you say, China "sucks balls as a welfare state," yes, in a sense and up to a point, but consider that the average Chinese family will do whatever's needed to provide for grandpa and grandma, while spending the rest of what they have on the kid's education.  Confucian mores amount to a kind of crude communism in their own right.

Confucianism alone will the kick the balls off any pseudo-Christian western crapistan any day of the week, until the pseudo-Christians let loose with a Hiroshima bomb.

Just sayin' . . . 


Mon, 05/30/2011 - 19:10 | 1323246 Rodent Freikorps
Rodent Freikorps's picture

Too bad they went commie.

They were kick ass allies during WW2.

Their quality of life has always sucked though. Too many mouths to feed.

Outside our big cities, I think you'd find the extended family model is much healthier.

All Confucius wanted was a government job, so who cares what he thought?

Mon, 05/30/2011 - 15:53 | 1323071 Michael
Michael's picture

I don't buy the majority of the Greek mob doesn't want spending cuts. I believe the majority want 3/4 of the government employees laid off and they want to default on the debt those government employees piled on them. I also believe the majority of Greeks want out of the euro zone and want their sovereignty back. Similar to some things the majority of the American people want.

Mon, 05/30/2011 - 11:20 | 1322462 Re-Discovery
Re-Discovery's picture

Coming soon to a low- to mid- income, inner city neighborhood near you!

Mon, 05/30/2011 - 13:59 | 1322833 Diablo
Diablo's picture

not a chance. the only way the lemmings in the USA were to revolt is if 'american idol' or 'dancing with the stars' get cancelled.


Mon, 05/30/2011 - 11:36 | 1322492 THE DORK OF CORK
THE DORK OF CORK's picture

@Gavin Kostick

If you are watching Zero hedge  - it seems I have been blocked from posting on the Irish economy blog again - such is life

Here is the response to your final question on "the one size fits all thread"


Well I will give a amateur stab at things

So (a) - the buyers deposit seems to be a term deposit if it pays a interest of 3% - this is not really a deposit in a bank but rather a loan to the bank (cash & checking accounts should at least in theory be the same thing)

Lets imagine a simplified idealised CB with Gold on its asset side of the balance sheet and cash as its liability and your asset.
Given that this buyers deposit was created by a loan in a commercial bank somewhere and now becomes cash, it is the CBs liability now
(B) If the quanity of Gold remains the same withen the CB then the extra cash becomes devalued relative to the shiny asset.

(C) wealth is neither created or destroyed withen the monetory juristiction - just transfered , however the external buying potential of the currency becomes compromised (such as for the buying of oil) - hence the reluctance of certain imperiums that do not have a petro currency peg to devalue their currency.

The balance sheets of CBs are of course far more complicated then the above with probally certain pieces of midland bog somewhere withen  Frankfurt balance sheet.
As for seigniorage and other such concepts well then asking pros such as Lorcan K would be best but I will leave you with this chap who is gaming the CBs seigniorage extraction business.
 - the above is pure seigniorage gaming since the goverment price is below the current cost price of the nickel , unlike buying gold where you pay a premium over spot for such metal indulgences

Its the reason why Gold and silver and other base metals with fixed goverment prices at least equal to the extraction cost  was taken out of circulation - to enable the CBs to pay their clients over and above the rest of us serfs

Mon, 05/30/2011 - 12:46 | 1322684 A_MacLaren
A_MacLaren's picture

Max can see through the game: 

No cash to pay your debts? We'll take your gold, Greece!

Mon, 05/30/2011 - 13:34 | 1322788 THE DORK OF CORK
THE DORK OF CORK's picture

My mistake Irish Economy Blog - sorry , it seems to have been a technical glitch.

Mon, 05/30/2011 - 14:04 | 1322840 Libertarian777
Libertarian777's picture

this is why we need a competing currencies law.

When you are required to use government money, even if gold backed, if all that gold is controlled by the central bank, you have NO SAY over how it is used (since the central bank can debase even a gold backed currency at will ala 1971).

If you had various gold/silver-backed currencies issued by various entities, some would fail, some would become de facto standards. Inevitably the government would not be able to confiscate all the gold easily without affecting numerous institutions.

This contrasts though to the current structure of investment/commercial banks being joined at the hip to the central bank. I'm thinking more along the lines of regional banks issuing money. Unlikely the Feds would be able to confiscate gold from 15,000 banks in a weekend.

Mon, 05/30/2011 - 15:23 | 1322930 THE DORK OF CORK
THE DORK OF CORK's picture

@Libertarian 777

I would be more in favour of the rule of law being obeyed or at least recognized - the Euro disaster is primarily the result of bank bond holders escaping without a loss after the commercial banks hyperinflating credit with the CBs sanction.

If you look at the creation of money withen the Euro / EMU area the creation of bank liabilties exploded relative to a nearly static goverment debt until recently.

The core of this problem lies the the Basel rules on bank capital - these credit instruments remain on commercial banks liability side of their balance sheets - they exploded in the eurozone relative to a smaller and smaller ratio of goverment debt on banks  asset side of the balance sheet.

They now dominate the money supply - at least in peripheral countries - yet these were considered buffer capital under "the rules"

They were not as the CBs have did everything they could possibly do to save this misallocation of capital.

We essentially have competing currencies in the euro zone already as there is no transaction tax on Gold although there is still various capital gains taxes for the metal - we however have no rule of law !!

Mon, 05/30/2011 - 11:46 | 1322514 bankonzhongguo
bankonzhongguo's picture

No need to riot. 

Just lay siege to the hotel/airport where the IMF and their security stays. Whining about your local government won't get rid of the alien infection.

Like a cancer, sometimes you need to target the tumor and remove it with extreme prejudice.

Mon, 05/30/2011 - 12:17 | 1322611 Josh Randall
Josh Randall's picture

bankonz = right ON!

Mon, 05/30/2011 - 10:33 | 1322342 downwiththebanks
downwiththebanks's picture

Gee - I wonder which side the CIA will take.

Mon, 05/30/2011 - 11:08 | 1322424 kaiten
kaiten's picture

as always - the dictator´s one

Mon, 05/30/2011 - 11:21 | 1322455 That Peak Oil Guy
That Peak Oil Guy's picture

This is interesting; the Greek PM accused of trading Greek CDS at low rates to friends and family back in 2009:

"The gist of the allegations rest on the charge by Mr. Kammenos, that the Greek Prime Minister, Mr. George Papandreou and members of his team, presided over the sale of 1.3 billion dollars worth of credit default swap contracts (CDS on Greek sovereign debt) on or around December of 2009, shortly after coming to power. The 1.3 billion dollars worth of insurance protecting against a Greek default was bought during the spring and summer of the same year, by the Hellenic Postbank, a public banking arm of the Greek government... the very insurance that was being held in public coffers by the Hellnic Postbank, is today worth approximately 27 billion dollars."

Mon, 05/30/2011 - 11:56 | 1322542 cosmictrainwreck
cosmictrainwreck's picture

nice return..... 20.76923 : 1

Mon, 05/30/2011 - 14:36 | 1322910 YHC-FTSE
YHC-FTSE's picture


Great post!

I hadn't known about this before, a bit strange considering it's been going on for some time. Anyway, this in my view has just increased the probability of a military coup or similar chaos. 

Mon, 05/30/2011 - 12:34 | 1322657 Pepe
Pepe's picture

well, my Grandfather used to say. If you want to find the fire follow the smoke...duh

Mon, 05/30/2011 - 13:45 | 1322805 spekulatn
spekulatn's picture

Who gets the credit this time, facebook or twitter?

(sarcasm off)

Mon, 05/30/2011 - 10:35 | 1322346 Racer
Racer's picture

Go tell 'em where to shove their bonds Greece!

Mon, 05/30/2011 - 10:38 | 1322347 Crisismode
Crisismode's picture

Southern Europe will lurch toward anarchy within 24 months, and will be ripe for a new dictator and war.

Mon, 05/30/2011 - 10:48 | 1322379 Thomas
Thomas's picture

could be sooner. I also think that everybody knows that the austerity is being shoved at the people (who, admittedly, are often slackers) in lieu of shoving the stresses back on the banks.

Mon, 05/30/2011 - 10:55 | 1322382 Sheikh Djibouti
Sheikh Djibouti's picture

Hey Strickland, still calling people slackers ? That's SO 1955 ...

Well maybe you think people in Southern Europe are lazy. They tend to think other people are self-congratulating liberal over-achievers. Sometimes quality of life can't be measured in monetary value or economic production.

Agree about the austerity. Monetary system is created to filter wealth and power up, and fuck everybody else. Needs to change.

Mon, 05/30/2011 - 11:18 | 1322457 luciusfargo
luciusfargo's picture

Maybe quality of life can't always be measured in monetary value or economic production, but it always has to be paid for in monetary terms out of economic production. Debt-financed, state-provided quality of life is a mirage. The indolent yet insatiable Southern Europeans have finally received the bill and, surprise, surprise, they cannot pay it. Of course, the banks that fuelled this 'quality of life' binge made their bed and should be made to lie in it. Let the peripheral laggards default, boot them from the euro and let banks face the consequences of their poor investments. 

Mon, 05/30/2011 - 11:25 | 1322470 Sheikh Djibouti
Sheikh Djibouti's picture

Agree on most points, but I think the same arguments apply to a lot more places than just Southern Europe. In fact qualifying them as "lazy" I think is not entirely fair, even if work ethic in Latin cultures is most definitely different from Germanic ones.

The problem is much bigger than Greece or Spain. The nature of a debt-based economy is going to create situations which people will refuse to adhere to. That has profound social and political implications. What we do with it is up to us.

Mon, 05/30/2011 - 12:08 | 1322583 Thomas
Thomas's picture


Mon, 05/30/2011 - 12:16 | 1322607 Deepskyy
Deepskyy's picture

Back to the Future part 1 and 2


Mon, 05/30/2011 - 11:52 | 1322474 Hacksaw
Hacksaw's picture

will be ripe for a new dictator

What do you think they have now? For that matter what do you think we have? These democratically elected governments are just a figment or our imaginations.

When your government answers more to an outside body instead of the people they are supposed to be representing, I'd call that a dictator.

I hope to God that all this leads to revolution. It's time for all the fraud to end, the made up wars to end, and all the financial manipulations to end.

For your Memorial day viewing and listening pleasure.

A BIG thank you to all the men and women who have served.

Mon, 05/30/2011 - 11:43 | 1322505 ElvisDog
ElvisDog's picture

The war thing is amusing. Who would be fighting who exactly? And what would be the objective?

Mon, 05/30/2011 - 11:51 | 1322527 thefatasswilly
thefatasswilly's picture

China, Germany, Russia, vs. USA, England, France.

Objective will be to dump all the winners' debts on the losers.

How is this not obvious?

Mon, 05/30/2011 - 15:17 | 1323011 PY-129-20
PY-129-20's picture

Why should we side with China and Russia? Explain. Do you really think that German public would be in support of this?

Listen, I am German and I think we won't side with anyone. If the EU breaks up, it will be a great delusion for our leaders and elite (wether they are business or intellectual). You cannot compare 2011-Germany with 1933-Germany. It's a different generation, a different cultural and historical background. We don't want to have another war. The broader public is against the war in Afghanistan. We want our troops home and we want to do our business, to produce things - like nice cars, aircrafts, ships and to have a decent and nice life. And currently, we have lost the nation we grew up, because our elite copied the American model. Basically, we are doing the same mistakes that the American business elite did. We are beginning to sell our manufacturing base, although the people here work harder, they are getting less and less and they soon have to work until they are 69 years old. It's flawed.

Yes, we have different relations to Russia (and China) than the United States. In fact, our relations to Russia have improved and I am very glad about this. I just would wish that China and Russia would open up and their systems would be more open. I think there is a development in China - and we don't know how this will end up - much seems to be possible, but I hope that there will be a more open China, a China that respects intellectual rights. Than it would be a great trade partner and I would have no problems or bad feelings about China becoming one of the most important nations in the world.

But the current situation is very dangerous - both sides are developing - the USA and China. And you don't know what will happen in the end. I hope that the United States will return to be the country I used to love when I grew up. I hope my country will develop to be the country again that had a good vision of how to improve the living standard (or social justice) for everyone, that we will be more independent and that there will be a totally different European Union. About the EUR - it's a great vision - and I would have no problems to share a currency with France, Denmark, Sweden, Netherlands, Austria. But it was a failure to take Italy, Portugal, Spain, Greece. And of course to back this NewEuro with a Gold standard.

And I would hope that China will develop into a more open society. That would be the uber-optimistic best case scenario. Unfortunately I don't believe in the possibility of best-case-scenarios.

Mon, 05/30/2011 - 19:45 | 1323454 thefatasswilly
thefatasswilly's picture

You will not support China / Russia. You will simply oppose the anglo saxon imperial alliance, for reasons you have listed yourself.

Enemy of my enemy is my ally.

Mon, 05/30/2011 - 20:11 | 1323509 ElvisDog
ElvisDog's picture

China, Germany, Russia, and USA, England, France will fight a war over Greece? Really. You've been watching too many "Bourne" movies. How exactly do China, Russia, and the U.S. fight a general war without it going nuclear? There is a reason there have been no direct conflicts between major nuclear powers over the past 60 years. And your scenario has one NATO country (Germany) going to war against two others (U.S., France). Go back to playing Black Ops, because you've left common sense behind.

Mon, 05/30/2011 - 23:07 | 1324333 thefatasswilly
thefatasswilly's picture

Greece is simply one of the many escalating crises spawning and getting worse worldwide. This sort of proliferation of disasters preceded the previous two world wars, as well.

Did I say it would not go nuclear? Do not put words in my mouth.

NATO doesn't mean shit when national sovereignty is at stake. You do realize that Germany invaded Russia despite the fact that they had a treaty, right? Try thinking outside of your box, fool. I do not watch movies, nor do I play video games. I suggest YOU desist in being so glued to your entertainment screen.

Mon, 05/30/2011 - 13:42 | 1322797 AnAnonymous
AnAnonymous's picture

Expansion follows always the same pattern. Expansionists have not managed to beat it.


When there is room to expand, all is nice, all is fine. When room is no longer available to maintain the required expansion rate, troubles occur.

In an expansion, segments of population thrive by being off limits for the expansionist scheme, they are the safe harbour for wealth being protected from the looting wrath of the expansionist.


When the stage of saturation happens, it is followed by the stage of auto looting, that is a redefinition of a paradigm that put segments of populations off limits.

Rome example: when expansion was  possible, all was great. Roman religions temple were protected from the greatest plunderer in the area, Rome, and thus could build up wealth. What the rate slowed down, introduction of a new paradigm (christianity) that put back roman temples into limits, which is good as they had centuries to hoard gold and other wealth. And Christians did the job of plundering.


Now, in this US driven world, it is known that the US has plundered populations to put off limits a certain segment of population known as the middle class. The plunder was done to enrich that segment of population.

That is where the wealth is. So any objective of any world will include reducing the middle class as it is where the wealth is.

Noticeably, usually, the segments grow as structural elements for a society, and the auto loot comes at the expense of social chaos.

Mon, 05/30/2011 - 19:31 | 1323433 Peter_Griffin
Peter_Griffin's picture

Are you saying the middle class is where all the wealth is in the US?  Either my reading comprehension or your wealth calculation sucks.

Mon, 05/30/2011 - 12:22 | 1322630 Smiddywesson
Smiddywesson's picture

Sure, there will be war and a new dictator, but at least their trains will run on time

Mon, 05/30/2011 - 10:35 | 1322348 DeadFred
DeadFred's picture

Who wouldn't want to buy a Greek island? Does it come with cute whitewashed buildings?

Mon, 05/30/2011 - 11:52 | 1322530 i-dog
i-dog's picture

"Does it come with cute whitewashed buildings?"

Only a handfull of them lashed out on the whitewash, and the Squid will grab those first. The rest are filled with half-completed constructions (the family/developer can take decades to save enough to slowly complete them).

Mon, 05/30/2011 - 13:38 | 1322795 Tangurena
Tangurena's picture

It is my understanding that they don't pay property taxes until the home is "completed" so there are lots of "partially" completed homes that haven't had any more "construction" done on them for decades - while being fully occupied in the mean time. The "partial completion" is (or maybe "was" - who knows, the Greek tax laws might have changed since I was last there) a tax dodge.

Mon, 05/30/2011 - 10:36 | 1322351 trav7777
trav7777's picture

well we'd better do a humanitarian invasion right quick then

Mon, 05/30/2011 - 11:05 | 1322427 CH1
CH1's picture

Team America, World Police!

Mon, 05/30/2011 - 12:26 | 1322634 Smiddywesson
Smiddywesson's picture

LOL Trav, we'd better bomb those islands to save those islands.

Everybody knows that's where terrorists vacation

Mon, 05/30/2011 - 10:38 | 1322356 virgilcaine
virgilcaine's picture

Thks for these reports all weekend TD..alot happening no?

Mon, 05/30/2011 - 10:41 | 1322358 WinstonWolfe
WinstonWolfe's picture

the shit and the fan are in alignment

Mon, 05/30/2011 - 11:11 | 1322433 Fancy Bear
Fancy Bear's picture


Mon, 05/30/2011 - 11:25 | 1322463 Oh regional Indian
Oh regional Indian's picture

Actually if that were the case, they'd fly-by.

Actually they are on a collision course. And the fan has many blades and th eshit-pump is working historically large supplies of projectile.



Mon, 05/30/2011 - 11:58 | 1322565 snowball777
Mon, 05/30/2011 - 12:53 | 1322701 Bob
Bob's picture


Mon, 05/30/2011 - 12:49 | 1322659 Bob
Bob's picture

I was shocked when I first discovered (with my own ears) that the Indians first carved jazz from the music space 4,000 years ago.  I'm shocked still when I rediscover it all over again.  Thanks for the link, ORI.  When well-connected with the Indian visual aesthetic as it was there, it's truly transcendant.  It brings Spirit to truth.  And it's beautiful.  Thanks. 

Next I always wonder what happened to those people?  I mean, jazz 4,000 years ago and more, yet they've got starving un-fucking-touchables, for chrissakes!  WTF?

Probably a lot of people have the same thought.  What happened to India?

It's an innocent question.  Really, just wanna know.  I suspect there's a lesson in it. 

Mon, 05/30/2011 - 12:51 | 1322693 Oh regional Indian
Oh regional Indian's picture

Thanks for the appreciation Bob. Much appreciated! :-)

And yes, India's fall and it's inherent inconsistencies... like all madness, it began with a method. And there are transcendent lessons in it. It's an old, contiguous civilizational collective. Took to long time to crumble this far.


Mon, 05/30/2011 - 13:43 | 1322719 Bob
Bob's picture

But the lesson is the important thing.  The question speaks to a whole lotta things, I'm sure, but the question could be reduced (from a naive American humanist perspective) to: How was such artistic and general "spritual" power--such human genius--so profoundly excluded from the material cultural structure?  And for so long?

I'm thinking some banksters have to be in this story somewhere. 

You could feel hassled, ORI.  But maybe when the Master is ready, the pupil will appear.


Mon, 05/30/2011 - 19:48 | 1323458 Sisyphus
Sisyphus's picture

Close to a 1000 years of foreign rule would do that to you - reduce to you being paupers. Indians and India, since its independence, have a lot to blame, too, but the process started a long time ago. And, yes, banksters were indeed involved. The British banksters. They ruled India for 300 years; they did give the country a lot of things, but siphoned off a lot more. The following links, read in that order, should provide you with an understanding as to what took place in that sub-continent and why it will take them decades, if not centuries, to come out of it.

Tue, 05/31/2011 - 09:32 | 1324982 Bob
Bob's picture

Thank you kindly!  Much obliged. 

Mon, 05/30/2011 - 10:42 | 1322361 americanspirit
americanspirit's picture

At a certain point it becomes inevitable that a train speeding out of control will jump the tracks. I would say that Greece is heading downhill at 100 mph and there is a very sharp bend in the tracks just ahead.

But a military coup? My God, does anyone remember the reign of "The Colonels"? Is dictatorship really the only possible answer? I know such things suit the US just fine, and may even be useful for US foreign policy to keep the Chinese Navy out of the area, but the people of Greece, no matter how careless and corrupt their elite and no matter how willing the people have been to accept something for nothing, do not deserve to be ruled by armed barbarians again.

Mon, 05/30/2011 - 10:55 | 1322387 s0lspot
s0lspot's picture

Yep bad memories...


Though either ways the Pigmen will make them pay :


-either they get to rape-buy the country & then tax the people to death.

-or the Greeks drop out, a false-flag happens, military coup, civil war and then the military will make them pay on behalf of external influences, just like in Egypt.

-or perhaps no coup, Greece recovers its sovereignty and the international bankster mafia blows it to dust so as to teach a lesson or two about "not complying".

I'd take the secessionary risk though. At least it'll show a bit of honor & pride in the face of the faceless pigs.

Mon, 05/30/2011 - 11:02 | 1322416 Confucious 222
Confucious 222's picture

" do not deserve to be ruled by armed barbarians again."

"Deserves" got nothing to do with it!

Mon, 05/30/2011 - 11:20 | 1322453 Gordon Freeman
Gordon Freeman's picture

Why not?  They're a bunch of unreconstructed ne'er-do-wells.  A little taste of the lash'll do 'em good! LOL

Mon, 05/30/2011 - 10:40 | 1322362 bugs_
bugs_'s picture

don't throw us in that briar patch sir!

Mon, 05/30/2011 - 11:06 | 1322430 MsCreant
MsCreant's picture


Mon, 05/30/2011 - 10:48 | 1322373 shortus cynicus
shortus cynicus's picture

We have to watch closely BBC.

They have some connections to important sources, witch allow them report facts going to happen in the future.


Mon, 05/30/2011 - 11:04 | 1322415 JFK.4PREZ
JFK.4PREZ's picture


Mon, 05/30/2011 - 12:28 | 1322638 Number 156
Number 156's picture

....Or you can watch the webcam aimed at the Greek Parliament building. Lets see if they crash the police barriers and get to the steps like the last time.

Looks like things are heating up:  ( switch to parliament cam)

..or simply view this link:




Mon, 05/30/2011 - 10:47 | 1322380 Sheikh Djibouti
Sheikh Djibouti's picture

Chaos ... war ... fascism ...  ...  ... maybe so ...

What is more certain is that changes are taking place. If this is to be a successful transition to a better world, then the change must first happen in each person ...

The only way it will succeed is if enough people have the courage to embrace honesty, truth, sustainability and doing what is morally right ... in their own minds.

Or we could just blow shit up.

Mon, 05/30/2011 - 11:06 | 1322432 CH1
CH1's picture

Can't argue with that.

Mon, 05/30/2011 - 11:43 | 1322515 ElvisDog
ElvisDog's picture

people have the courage to embrace honesty, truth, sustainability and doing what is morally right

Nice sentiment, but what planet are you from? Human nature, as shown by the past 8000 years of history, is exactly the opposite of what you wrote. Individually, there are people who show those traits, but in groups larger than 100 not so much.

Mon, 05/30/2011 - 12:05 | 1322582 earnulf
earnulf's picture

Anyone with half an ounce of sense does not want to see war.   Too many pieces of metal flying around with "occupant" engraved on them.      The part about "embrac(ing) honesty, truth, sustainability and doing what is morally their own minds" tends to concern me.   I know too many folks who's idea of morally right means they are right and you are wrong, period.    Honesty, truth and sustainability are good ideas to strive for.   Honesty breeds trust, truth also breeds trust, even if it hurts and sustainability is something we will have to recover irregardless as we move from the "throw it away" back to "fix it till it can't be fixed no more" stage.

It's is always easier to destroy than to build.   It is also easier to tear down another than to build him or her up.    They were called the seven deadly sins for a reason, just good, basic information that was easily understood by the simplist of minds.

Those who wish to survive, will need to band together with like folks and develop tolerance of others when it doesn't threaten the survival of the group.    If something hurts your feeling, tough, get over it.    If something actually threatens the ability of the group to survive, correct it.

There will be enough people trying to blow shit up, we need more people who want to build and have the means to defend it.

Mon, 05/30/2011 - 12:32 | 1322653 Smiddywesson
Smiddywesson's picture

There's entirely too much talk about what "should be" in this thread.   This is the hand we have been dealt.  It has happened many times before in history and it always ended up in wars, most spectacularly in global wars in the last two iterations.  You are just going to have to take your dose of heartache and deprivation like a man.  Sorry, what "should be" was thrown out the window decades ago.  This end is preordained.  Each time it happens, it is markedly worse.  With a global economy and a very fragile infrastructure, with agriculture no longer a local enterprise, and with 7 billion mouths to feed entirely dependent upon everything going right, you can count on everything going terribly wrong.

Let's stop with the "it ought to be," "it isn't fair," and start getting ready to fend for yourself.

Mon, 05/30/2011 - 14:13 | 1322856 Oh regional Indian
Oh regional Indian's picture



Mon, 05/30/2011 - 14:37 | 1322914 Things that go bump
Things that go bump's picture

AS I PASS through my incarnations in every age and race,
I make my proper prostrations to the Gods of the Market Place.
Peering through reverent fingers I watch them flourish and fall,
And the Gods of the Copybook Headings, I notice, outlast them all.

We were living in trees when they met us. They showed us each in turn
That Water would certainly wet us, as Fire would certainly burn:
But we found them lacking in Uplift, Vision and Breadth of Mind,
So we left them to teach the Gorillas while we followed the March of Mankind.

We moved as the Spirit listed. They never altered their pace,
Being neither cloud nor wind-borne like the Gods of the Market Place,
But they always caught up with our progress, and presently word would come
That a tribe had been wiped off its icefield, or the lights had gone out in Rome.

With the Hopes that our World is built on they were utterly out of touch,
They denied that the Moon was Stilton; they denied she was even Dutch;
They denied that Wishes were Horses; they denied that a Pig had Wings;
So we worshipped the Gods of the Market Who promised these beautiful things.

When the Cambrian measures were forming, They promised perpetual peace.
They swore, if we gave them our weapons, that the wars of the tribes would cease.
But when we disarmed They sold us and delivered us bound to our foe,
And the Gods of the Copybook Headings said: "Stick to the Devil you know." 

On the first Feminian Sandstones we were promised the Fuller Life
(Which started by loving our neighbour and ended by loving his wife)
Till our women had no more children and the men lost reason and faith,
And the Gods of the Copybook Headings said: "The Wages of Sin is Death." 

In the Carboniferous Epoch we were promised abundance for all, 
By robbing selected Peter to pay for collective Paul; 
But, though we had plenty of money, there was nothing our money could buy, 
And the Gods of the Copybook Headings said: "If you don't work you die." 

Then the Gods of the Market tumbled, and their smooth-tongued wizards withdrew
And the hearts of the meanest were humbled and began to believe it was true
That All is not Gold that Glitters, and Two and Two make Four
And the Gods of the Copybook Headings limped up to explain it once more.

As it will be in the future, it was at the birth of Man
There are only four things certain since Social Progress began. 
That the Dog returns to his Vomit and the Sow returns to her Mire, 
And the burnt Fool's bandaged finger goes wabbling back to the Fire;

And that after this is accomplished, and the brave new world begins
When all men are paid for existing and no man must pay for his sins, 
As surely as Water will wet us, as surely as Fire will burn, 
The Gods of the Copybook Headings with terror and slaughter return! 


Rudyard Kipling - 1919

Mon, 05/30/2011 - 13:06 | 1322734 Problem Is
Problem Is's picture

"If this is to be a successful transition to a better world..."

A better world and ruling elite bankster, corporate profit just don't mix...

Mon, 05/30/2011 - 10:57 | 1322389 Volaille de Bresse
Volaille de Bresse's picture

Take it with a pinch of salt : Turkey's been Greece nemesis for ages...

They probably relish in foreseeing Armaggedon for their favorite enemy. 

Mon, 05/30/2011 - 10:57 | 1322399 Seasmoke
Seasmoke's picture

its going to spread like peanut butter

Mon, 05/30/2011 - 12:08 | 1322580 Sedaeng
Sedaeng's picture

chunky peanut butter does not spread so well :/

Mon, 05/30/2011 - 11:53 | 1322401 Widowmaker
Widowmaker's picture

Let's make one thing clear, austerity prevents true price discovery.

A military coup - decades overdue.  Send the fiat fraud syndicate back to the stone age.

Who wouldn't fight against financial punishment they didn't deserve as individuals?  It's the same thing in the US, why should a newborn baby be saddled with debt from others' mistakes?  For bonuses at TBTF!?  NO FUCKING WAY!

Where is the "free" market?  It's been monopolized through currency manipulation and fraud for decades (why they hate your oppressive 'freedom', dipshit).

Money is very sick and the only cure is true price discovery.  Right now, banks are holding $600+ trillion of vapor (that is known) off balance sheet.   That is the magnitude of the problem, and it's time to cut down TBTF at the knees to get at the problem.  Protecting them is only hurting those that didn't cause the problem (over 99% of US citizens).

It should be blatantly obvious to anyone that price discovery is being held hostage, to the detriment of the vast majority, by TBTF.  For every measure of austerity imposed, break apart a TBTF fraud-factory.

Socialized loss is fascism, and worth fighting against!  Grow some balls, people!

Mon, 05/30/2011 - 12:03 | 1322576 New Survivalist
New Survivalist's picture

Five stars.

Mon, 05/30/2011 - 11:01 | 1322405 YHC-FTSE
YHC-FTSE's picture

That's a possible, if remote scenario. Personally, contemplating this is a difficult proposition on Europe's doorstep, but just because I find it difficult does not mean it can't happen. 

Mon, 05/30/2011 - 11:01 | 1322406 three chord sloth
three chord sloth's picture

Call it "austerity", call it "downsizing", call it "Ralph"... whatever. The bottom line is the Greek standard of living and menu of government services is going down... down to the level Greece can actually pay for sans the ever-increasing revolving debt circus of the past few decades.

The life they knew is over... no matter what label they choose to stick on the plan. And no protest, coup, or rebellion is gonna change that.

Mon, 05/30/2011 - 11:02 | 1322408 BlueDonkey
BlueDonkey's picture

I can tell you from the front lines here that the people would rather have the military step in rather than keeping the idiots running this country at the moment.  The lay folk are more and more in favour of a junta I have noticed from day to day conversations.  They are sick and tired of the puppet thieves.   The "junta" of the 70s was always looked down upon as a black period of greek history.  the socialists made sure of that with what they taught in schools.  Public opinion has changed and the people want a sharp knife to cut off the strings.   It, of course, would have the same results as 1974.   I'd better get ready for my draft notice.



Mon, 05/30/2011 - 17:02 | 1323162 Imminent Collapse
Imminent Collapse's picture

Is this how the Nazi's rose to power?  Weimar hyperinflation?  People would do anything to get back their self respect and feed their families.  We live in dangerous times.

Mon, 05/30/2011 - 11:02 | 1322410 cxl9
cxl9's picture

Is this the same CIA that predicted the imminent collapse of the Soviet Union in 1990?

Mon, 05/30/2011 - 11:03 | 1322413 Bubbles the cat (not verified)
Bubbles the cat's picture

Yep. To restate the restated restatement of the obvious, the second half of 2011 will be a period of increasing social and political instability which will further deteriorate in 2012.

Mon, 05/30/2011 - 11:03 | 1322420 Negro Primero
Negro Primero's picture

"look at what happens practically every day on Syntagma square"

live video και live chat απ? το Σ?νταγμα:

Mon, 05/30/2011 - 11:25 | 1322431 Monedas
Monedas's picture

Everything you need to know about the Greeks is in "Zorba the Greek" ! They had to get a Mexican (Anthony Quinn) to make them look good ! They got greedy for Euros ! Remember when the old ladies were waiting for the French whore to die so they could clean out her house before the authorities arrived ? Priceless ! Monedas 2011 Sell off a few Greek isles ! That´s the ticket ! Germany gets Corfu !!! That would be Korfu, now !


Mon, 05/30/2011 - 11:12 | 1322436 kaiten
kaiten's picture


Greece gets rid of debts(default), eurozone get rid of an unreformable economy(Greece).

Any other good news?

Mon, 05/30/2011 - 11:34 | 1322479 serotonindumptruck
serotonindumptruck's picture

Yes, cause if there's one thing I've learned during my ongoing education in all thing financial here at ZH, is that civil unrest is bullish for the markets.

Mon, 05/30/2011 - 11:40 | 1322493 nodhannum
nodhannum's picture


Hell, civil unrest being bullish for the markets...the one thing I've leaned here at ZHU (University) is that everything is good for the markets.  Robo told me so.

Mon, 05/30/2011 - 12:02 | 1322572 cosmictrainwreck
cosmictrainwreck's picture

although Robo is a delusional twit, unfortunately the emperical evidence has supported his views.....

Mon, 05/30/2011 - 11:09 | 1322437 7bit
7bit's picture

BILD is not a news source.

Mon, 05/30/2011 - 11:15 | 1322452 Reptil
Mon, 05/30/2011 - 11:22 | 1322458 Gordon Freeman
Gordon Freeman's picture

WHAT Greek "austerity"??

Mon, 05/30/2011 - 11:39 | 1322490 HamyWanger
HamyWanger's picture

Precisely. There has been zero austerity by now. The latest figures show that spending has actually increased since May 2010. 

I have the feeling Zerohedge is turning into a liberal blog, which sees austerity everywhere when there is none. 

Mon, 05/30/2011 - 11:45 | 1322519 Bay of Pigs
Bay of Pigs's picture

Liberal blog?


Mon, 05/30/2011 - 13:14 | 1322740 Transformer
Transformer's picture

Hamy, you are the true scion of the ZH revolution.

Mon, 05/30/2011 - 16:55 | 1323157 MisterMousePotato
MisterMousePotato's picture

Did Hamy just make sense?

Mon, 05/30/2011 - 17:30 | 1323195 falak pema
falak pema's picture

He meant liberal 'bog'...lots of liberal shit..

Mon, 05/30/2011 - 12:04 | 1322579 Uncle Remus
Uncle Remus's picture

austerity everywhere when there is none.

Right up there with recovery when there is none.

Mon, 05/30/2011 - 11:54 | 1322548 sun tzu
sun tzu's picture

Kind of like the American austerity where they increase spending by $1.5 trillion then cut by $39 billion and everyone screams that all the parks and libraries will be closed

Mon, 05/30/2011 - 12:18 | 1322622 Gordon Freeman
Gordon Freeman's picture

P.S.  I don't give a rat's ass about being junked, but whoever did it was too chickenshit to even attempt to answer my question.

Mon, 05/30/2011 - 13:07 | 1322728 Ethics Gradient
Ethics Gradient's picture

I think I've seen too many episodes of Freeman's Mind; I read your posts and hear Ross Scott.

Mon, 05/30/2011 - 11:28 | 1322469 DK Delta
DK Delta's picture

CIA coup my ass. No chance of that happening. Whoever wrote that was just trying to get a headline. The exact opposite is of concern, that the Greek military will be completely gutted.

Mon, 05/30/2011 - 11:58 | 1322549 Catullus
Catullus's picture

Totally agree. I don't doubt the "CIA report" speculating a coup. It sounds like uninformed, unoriginal, guess work that comes out of most CIA analysts. Probably a handful of bullet point some retard with a securities studies degree threw into a PowerPoint presentation.

The country is broke. How would the military pay itself? Not going to happen.

Mon, 05/30/2011 - 13:10 | 1322733 Renfield
Renfield's picture

As I always tell people who are convinced the US is going to shoot/bomb its way out of debt: wars have to be financed.

SOMEONE will finance the Greek guns...and those'll be the same people who sit on the 'creditor' side of the fiat debt table.

Mon, 05/30/2011 - 13:53 | 1322823 Diablo
Diablo's picture

sounds like wishful thinking/fear-mongering by the germans.


Mon, 05/30/2011 - 11:30 | 1322472 PulauHantu29
PulauHantu29's picture

Very possible Turkey will invade the name of "democracy" of course...or to find WMDs.....or to stop the dominoes from falling....or whatever slogan they can invent.

Mon, 05/30/2011 - 11:39 | 1322502 serotonindumptruck
serotonindumptruck's picture

Someone else here mentioned the Ottoman Empire 2.0 beta-test.

That infamous Romanian Count, AKA Vlad the Impaler, had an ingenious method for deterring the invading Turks, who are still known for their brutality in warfare.


Mon, 05/30/2011 - 15:19 | 1323018 e-recep
e-recep's picture

Yet he lost his head to the Turks in 1476.

Mon, 05/30/2011 - 11:27 | 1322473 alangreedspank
alangreedspank's picture


A lesson for politicians wanting to buy votes on the back of unborn taxpayers: it'll create such an entitlement culture, when things go bad, the thing turns into a powder keg!


Mon, 05/30/2011 - 12:00 | 1322554 sun tzu
sun tzu's picture

Yeah but those politicians will have become rich and bought an island in the somewhere else. Not their problem anymore. FDR doesn't have to deal with the bankrupt social security or medicare system

Mon, 05/30/2011 - 11:40 | 1322503 falardea
falardea's picture

I'm envisioning the "zombie apocolypse", when the internet is shut down for national security reasons and red-bull is taken off the market for health reasons... I can actually see screaming kids piling out of high schools looking for a sugar high and someone to "like" their status.

Mon, 05/30/2011 - 12:05 | 1322575 Uncle Remus
Uncle Remus's picture

Jeebus. I might need more ammo.

Mon, 05/30/2011 - 13:02 | 1322702 Problem Is
Problem Is's picture

Nothing says love like a RCBS Reloading kit for father's day...

Mon, 05/30/2011 - 11:45 | 1322510 RobotTrader
RobotTrader's picture

Problem will be "fixed" before trading resumes tomorrow.

Nothing to worry about.

Just another opportunity to go long a beaten down area and make a killing the next 18 months.

Mon, 05/30/2011 - 19:53 | 1323467 akak
akak's picture

Your stale and mindless Panglossianism grows increasingly tiresome.

Mon, 05/30/2011 - 11:45 | 1322517 DK Delta
DK Delta's picture

BTW, one of the writers at ZH should explain why the information on who Hellenic Postbank sold their CDS to in the article I posted previously on the "The Greek "Ultimatum": Bailout (For The Bankers) And (Loss Of) Sovereigntyis irrellevant. Clearly you guys missed the entire point of the article. The fact that the Prime Minister is being implicated as possibly standing to profit from rumors of default is treasonous don't you get it? If Hellenic Postbank sold those swaps to someone else, it wouldn't be as big a deal.

Also, in your aritcle on Hellenic Postbank, you completely glossed over this fact. Instead, you chose to focus on the fact that the government bought the swaps. It didn't seem to dawn on you that someone buying the swaps was going to make shit loads of money. Why would the government sell credit protection against its own default right before it prepares to announce that it is in talks with the IMF and EU about a bailout? Doesn't that seem A LITTLE suspicious?

Mon, 05/30/2011 - 12:24 | 1322628 Tyler Durden
Tyler Durden's picture

Has the entity of which G-Pap was allegedly (has it been proven?) part of been confirmed it held only a naked CDS position instead of hedging an existing position in Greek cash bonds?

Second the P&L as calculated on the transaction is wrong.

Mon, 05/30/2011 - 12:45 | 1322683 DK Delta
DK Delta's picture

No, it is an allegation that has been thrown down for over a week now in public and before the parliament of Greece that has not been addressed by the Prime Minister Mr. Papandreou, although the rumors have been circulating in public for many months without being addressed.

Second, I don't see how IJ Partners (the firm that G-PAP is alleged to have some stake in in one way or another - though it is not proven - because of the fact that the credit protection was sold by the greek government only a month after he came to power and because of the connection between the firm's VP and G Papandreou's brother, Andrea Papandreou) would be forced to disclose such information at the present time, if indeed at all. The firm resides in Geneva, so the Greek government has no jurisdiction. The only way to get an answer to this question is to have G Papandreou come before the parliament and explain why he allowed for this sale to occur at such a crucial and suspicious time. However, I am not sure how it would matter if the firm was hedging a position. Sure, it would not be as bad, but it would still do nothing to demean the main accusation that the Prime Minister of Greece used his power to get the public purse to sell an asset to a private firm that he had a stake in for his own personal gain.

Lastly, on your P&L point, the numbers the article cites are the numbers being cited on the floor of parliament. I do not trade CDS and cannot confirm if these officially cited numbers are miscalculated. You guys have traded this product before according to some of your previous posts, so I would appreciate if you could explain how the calculation is wrong, and what the correct number is.

Mon, 05/30/2011 - 11:54 | 1322534 BanksterSlayer
BanksterSlayer's picture

CIA codename for Greek military coup: Couscoup

Mon, 05/30/2011 - 11:57 | 1322546 hampsterwheel
hampsterwheel's picture

Come on people - don't fall for it - ask yourself why would the CIA release this "Classified intel" ?? hmmm perhaps to put a little fear into the people and force them back to work for the banksters..... the media is corrupted as well as the CIA, FBI, DEA and TSA - no news is out there unless they want it out...and they want it out only if it serves their agenda - the CIA's agenda - to allow the banksters to rape Greece - therefore read all news accordingly....

Mon, 05/30/2011 - 11:59 | 1322566 sun tzu
sun tzu's picture

The CIA was created to torment non-Americans. The FBI, DEA, and TSA were created to torment Americans

Mon, 05/30/2011 - 11:56 | 1322552 Negro Primero
Negro Primero's picture
oops, no CIA warning here,,,take a look: "Top military officer arrested on coup charges, An Istanbul court has ordered the arrest of the highest-ranking active-duty military officer charged with plotting to overthrow the government."



Mon, 05/30/2011 - 12:00 | 1322559 jomama
jomama's picture

beware of CIA warnings?

Mon, 05/30/2011 - 12:07 | 1322591 bank guy in Brussels
bank guy in Brussels's picture

One of the greatest political movies ever made, about the military junta ruling Greece, simply titled 'Z', directed by Costa-Gavras, from 1969.

Fantastic wonderful musical score by Mikis Theodorakis.

Here is the great scene where one by one, right to the very top, the bad guys get indicted ... May God will this happens in the USA one day ... all the bad guys INDICTED, just like this:

Ten minutes of great clips from the whole movie:

Or here's the whole movie, with subtitles  - one of the greatest movie openings ever, with Theodorakis' music ... enjoy everybody, totally brilliant film:

Mon, 05/30/2011 - 12:12 | 1322608 Youri Carma
Youri Carma's picture

Getting a bit tired of the if this … if that news cause it ain’t news.

Fact is that we are still in a crises and that we get an other financial collapse cause who didn’t say it by now. It would be nice to have some genius around to put a timeframe on that but that seem to be very difficult.

Mon, 05/30/2011 - 12:26 | 1322632 JR
JR's picture

Finally, the world begins to awaken to the shadow beginning to cover many of the world’s populations -  a shadow called the IMF.  In short, this is the ultimate banker evil and it is appropriate, IMO, to identify just how menacing the men behind this shadow can be.  Lysander Spooner, the 19th century predecessor to Federal Express, minces no words for these men who use taxpayer money for IMF loans to rescue the failing country’s creditors – typically Wall Street banks - from a government default on its debts.

In Spooner's words: “And the men who loan money to governments, so called, for the purpose of enabling the latter to rob, enslave, and murder their people, are among the greatest villains that the world has ever seen. And they as much deserve to be hunted and killed (if they cannot otherwise be got rid of) as any slave traders, robbers, or pirates that ever lived.”

Spooner’s company, the American Letter Mail Company, was a growing profitable concern delivering mail using stamps that could be purchased and then attached to letters which could be sent to any of its offices. From these cities, agents were dispatched who traveled on railroads and steamboats, and carried the letters in hand bags to be delivered to the addressees. The government bureaucracy, whose postal rates were notoriously high in the 1840s, in 1844 forced his competition out of business and began its long march into subsidies for its high rates. The lasting legacy of Spooner's challenge to the postal service was the 3-cent stamp, adopted by the USPO in response to the competition his company had provided.


Mon, 05/30/2011 - 13:02 | 1322725 Renfield
Renfield's picture

"Finally, the world begins to awaken to the shadow beginning to cover many of the world’s populations -  a shadow called the IMF.  In short, this is the ultimate banker evil and it is appropriate, IMO, to identify just how menacing the men behind this shadow can be."

And because this puts it so strong in my mind, I have to repost this, Disturbed's Land of Confusion:


Mon, 05/30/2011 - 12:37 | 1322658 lubyanka
lubyanka's picture

Bild? Really, Tyler?

Mon, 05/30/2011 - 12:38 | 1322660 citizen2084
citizen2084's picture

I guess it may be relevant that 6 of the first 7 Directors of the CIA were wall st bankers/lawyers Hmmm.

Mon, 05/30/2011 - 12:56 | 1322697 Problem Is
Problem Is's picture

+5... Exactly
So, what does being a Wall Street whore banker/lawyer have to do with covert intelligence gathering?

Unless the real purpose of US intelligence and military repression abroad is too facilitate Wall Street looting and corporate power...

And the idiot Amerikan public believes it is to spread democracy and defeat those pesky commies... I mean terrorists...

Sheeple: <WAVE FLAG><HERE>

Mon, 05/30/2011 - 14:11 | 1322850 Use of Weapons
Use of Weapons's picture

After the war, the W.A. Bechtel Company bought out John McCone's share in Bechtel-McCone and incorporated as Bechtel Corporation. John McCone went on to head the Atomic Energy Commission and later the Central Intelligence Agency (see below).

In 1947, Bechtel expanded its oil pipeline activities with its construction of the Trans-Arabian Pipeline in Saudi Arabia. At over 1,000 miles (1,600 km), this comprised the longest pipeline in the world at the time. In addition to the pipeline itself, Bechtel built large parts of the modern infrastructures of Saudi Arabia and Kuwait, including airports, sea ports, and oil refineries.

In 1946, the U.S. Congress authorized government research into nuclear power with the Atomic Energy Act of 1946. This act created the Atomic Energy Commission, later headed by Bechtel's former partner John McCone. Following President Eisenhower's famous Atoms for Peace speech in 1953, commercial research into nuclear power was authorized.


Hellenic Petroleum operates three refineries in Greece, in Thessaloniki, Elefsina and Aspropyrgos, which account for 73% of the refining capacity of the country (the remaining 27% belongs to Motor Oil Hellas), and one in the Republic of Macedonia, the OKTA refinery, which is supplied by crude oil through pipelines from Thessaloniki and covers approximately 85% of the country's needs. Crude oil for the refineries is supplied from Saudi Arabia, Iraq, Iran, Libya and Russia. The company also operates over 1400 gas stations in Greece and about 350 gas stations in Albania, Georgia, Serbia, Bulgaria, Cyprus, Montenegro and the Republic of Macedonia. It also has a network which sells LPG, jet fuel, naval fuels and lubricants.

...With law 2289/95, Hellenic Petroleum holds the exclusive rights for exploration and production of hydrocarbons in 62000 km² in Greece. The company is also active abroad, in cooperation with foreign companies, in Albania and Libya.


Note: comments on Iraqi / Libyan ownership / deals may now be out of date.

The merry-go-round goes round and round and round and round. The more the game goes on, the less that changes.

Mon, 05/30/2011 - 12:44 | 1322674 gwar5
gwar5's picture

That's rich -- the CIA is a little late to another party?

They missed the Fall of the Soviet Union, the Norks getting nukes even though we gave them the money and agreed to look the other way, 9-11, and WMD.  Better to dump the CIA and read the foreign news like Al-Jazeera to find out what's really going on.

Ominous note: Whenever our government characterizes something as a "coup" they are really declaring which side they are on and it's an implied threat. Looks like our government is on the side of the banksters. This looks like rednecks EU and ECB boys using big dog threats of more coercion and force to counter Greek populism and demonstrations -- an excuse to crack down. This will clear the way to freeze Greek assets, use military action, sanctions, etc.  Curious, the US CIA had very little to say about the uprisings in Iran ,Spring of 2009. 

Another agregious Example: Our government declared that the Honduras unrest of Spring 2009 as a "coup" against Zelaya, the then president and Obama supported him. In fact, Zelaya was engaging in an attempted marxist coup to unconstitutionally become president for life, ala Chavez, Castro. Tired of coups and dictators, the Honduran constitution since 1981 on the second line essentially says: presidents can only serve once, and if any of them ever even tries to stay any longer they are to be immediately stripped of office. Zelaya did, and so they gave him the boot with the blessing of their parliament, supreme court, and the military. 

The marxist Zelaya was actively backed by Hugo Chavez and the Obama adminstration (cut off all aid, and intense political pressure) against the Constitutional Republic of Honduras and it's people. And they're still quietly doing it! We were lied to about the Honduran "coup" here in the USA and it only took less than ten minutes on the internet to find out that our government was backing a marxist fraud over an allies constitutional lawful government.

Do your own research on Greece to find the truth.




Mon, 05/30/2011 - 12:45 | 1322682 Catullus
Catullus's picture

Honduras had Billary Clinton written all over it.  The Clintons have a lot of skeletons buried all over Central and South America.

Mon, 05/30/2011 - 12:51 | 1322691 Problem Is
Problem Is's picture

The CIA: The World's Premier State Sponsored Terrorist Organization
The CIA would know because the CIA will be behind the Greek coup and destabilization with Wall Street right along for bankster profit...

Mon, 05/30/2011 - 13:22 | 1322764 JamesBond
JamesBond's picture


Putin is on the line.  Wants to know if he can be of any help...

Mon, 05/30/2011 - 13:20 | 1322767 JamesBond
JamesBond's picture


Putin is on the line.  Wants to know if he can be of any help...

Do NOT follow this link or you will be banned from the site!