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Federal Reserve Plant To Be Next Greek Finance Minister
Update: according to sources, L-Pap has taken the smart way out and has decided to reject the offer to replace G-Pap #2.
According to Greek TV, and this is not confirmed by the Greek government yet, Lucas Papademos ("L-Pap", or "The Plant") will replace "Goldman employee of the year" Giorgios Papaconstantinou, (or G-Pap the Second as he is known on Zero Hedge) who is now the sacrificial lamb of the complete failure that is the PASOK government in Greece. A quick glance at L-Pap's resume explains why the European banking cartel is delighted with this nomination: "He followed an academic career at Columbia University, as well as
serving as Senior Economist at the Federal Reserve Bank of Boston in
1980. He joined the Bank of Greece in 1985 as Chief Economist, rising to
Deputy Governor in 1993 and Governor in 1994. He was Vice President of the European Central Bank from 2002 to 2010." Take a wild guess whether The Plant will be on the side of his "constituency" or of the Criminal Banking syndicate in the upcoming plunder of Greece. And yes, this is quite bullish for the Ensolventzone Central Bank (and its currency) which was about to be saddled with tens of billions of defaulted debt pledged in its nether regions as cash collateral.
From Wikipedia:
Lucas Demetrios Papademos (Greek: Λουκ?ς Παπαδ?μος; born 11 October 1947 in Athens), is a Greek economist, former Vice President of the European Central Bank.
Papademos attended the Massachusetts Institute of Technology, gaining a degree in physics in 1970, a masters degree in electrical engineering in 1972, and a doctorate in economics, in 1978.
He followed an academic career at Columbia University, as well as serving as Senior Economist at the Federal Reserve Bank of Boston in 1980. He joined the Bank of Greece in 1985 as Chief Economist, rising to Deputy Governor in 1993 and Governor in 1994.
He was Vice President of the European Central Bank from 2002 to 2010.
He has been a member of the Trilateral Commission since 1998.
He is a member of the Academy of Athens, and a professor of the University of Athens.
And here are some of his recent thoughts on what Greece should do from Greek reporter:
A well-known adviser to Greece’s government Saturday warned that a restructuring of Greece’s debts would be not only be “undesirable” for the country, but would have negative spillover effects to other parts of the 17-nation euro zone.
Lucas Papademos, speaking at an event organized by the Central Bank of Cyprus in the coastal town of Limassol warned that any kind of debt restructuring would “undermine” the government’s overhaul efforts.
“The only sensible way forward” is to push ahead with ambitious and large-scale reforms, including the privatization of state assets, he said.
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Not going to end well.... for him.
I wish ZH would lay off all these innocent Greek Pap guys. It's turned into a real Pap smear around here.
Naughty redpill! But very funny!
DavidC
Guys, guys, guys...listen up.
Please quit talking "nonsense." Thanks.
06-16 13:11: ECB's Mersch says nonsense talk about Greece insolvency must stop nowSo many phony, pedophile Papas for such an orphan country!
L-Pap's: "I said start those fuckn' presses NOW!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!"
http://www.youtube.com/watch?v=Nj4Kk_ykJhU
2 Paps 1 cup.
redpill: "a real Pap smear around here"...
Indeed "around here"; smear spawn courtecy Columbia U, Ivy Ilk Globa-Fi-Scum Machine.
Spec not of the speck in Greece, but the logs in Geekman Sachs, Cali, D.C., Penta-gram (ehh "gun")... the USUK collectivist cartels of cricle-jerkle fratboys of death mongering.
My Motto: Angloginem *USUKs delendam esse.
*(US+UK) The original FI-DOM-Scum (DOM; abrv. add "inatrix")
I agree, but I don't think he'll take the job, unless he is, well, how shall I put it, "hungry"?
Another academic. Oh the joys of education.
I bet he got good grades in school.
Meet the new boss
Same as the old boss
http://youtu.be/zydAs5bRW1U
Another robot.
Greece needs a transitory government.
Greece needs to file for chapter 7.
Greece is transitory.
at this point, it is likely they get a dictator.
What?
They aren't all Federal Reserve plants. I find that disappointing. Time to ring up the Bilderbergers to find out who's dropping the ball..............besides Miami.
the fact that he is a longterm serving member of the Trilateral commission makes me comfortable he will follow the script...time to buy!
Hope springs eternal in the human breast.
http://en.wikipedia.org/wiki/Hope_Springs_Eternal
Do you mean plant as in treasonous covert operatives... or plant as in potted (e.g. "Crazy Chester" Greenspan)?
Yes
BTW: "who's dropping the ball..............besides Miami."
LeBron certainly suffers from cognitive dissonance...
I'm a little surprised I wasn't showered with junks. I'll try harder next time. :>)
He'll do a great job, for whoever he's really working for.
He may get nominated but I don't think he will take the offer. One of the reasons G-Pap is postponing the government reshuffle is because he can't find any people willing to join. Seriously.
Will all finance whores please raise their right hand.
See, there are plenty of takers. You must be mistaken.
Not in front of a lynching mob.
Xe to the rescue.
If I were negotiating his contract I would demand there be a 5 man team of bodyguards on duty at all times and an extraction team on standby 24/7.
But that's just me.
is he going take $$$/drahma printing press w/ him?
or benny jet will deliver fresh crisp 'benjamins' by himself
alx
Eskalation.
http://youtu.be/usRvz9OJmA4?t=1m2s
I think I saw a step ladder in IKEA with that name
You're on a roll today! That made me laugh more than the Pap smear one!
DavidC
IKEA is a dangerous place to visit...mini bombs every where...talk about eskalation.
I'm guessing this is what euro-guido wannabes listen to?
No, they're actually listening to the original version. You need to understand some German to understand the joke. It's about a party that is getting messy.
http://www.youtube.com/watch?v=h7TTpkYsz1I
But I actually like Feindflug...
http://youtu.be/9MoUs8ZlbK0
The Repo man for the syndicate
So The Family hopes.
Worldwide fascist dictatorship... a step closer everyday.
So far it seems to be progressing nicely. Just let the unsustainable debt and austerity topple the governments one-by-one until everyone is begging for salvation.
People have now gone through such an enduring process of detachment from reallity and gratuitous mindlessness, that I fear they will happily continue to go along, enslaved by a lack of awareness that has become chronic, satisfied in their misery.
"...Columbia University, as well as serving... at the Federal Reserve Bank of Boston... Chief Economist... Governor in 1994... Vice President of the European Central Bank..."
= recipe for another financial weapon of mass destruction.
L-Pap "The Auctioneer"
When history looks back on this time, all of this will be either be forgotten (because the "people" lost and the bankers won and history was written accordingly) or we will collectively have to hold our heads in shame.
Meet the new boss...same as the ol' boss.
Any word on whether he chauffered for the Rockefellers?
For Bin Laden.
Mr Market doesn't seem to "take" this "news"! Selling into "strength" is still the order of the day!
Tte populace needs to root out these whores by attacking them at their homes--drive these fuckers out of the country.
Instead of 25,000 people marching on downtown Athens, how about finding out where these people live and simply engage in some mob rule justice.
Eventually, one of these candidates will be able to fool the Greek populace. That's what the banking cartel hopes anyway.
the bastards sure are playing Russian Roulette with their lives taking these jobs
Columbia U? Isn't that Barama's alma mater? fine school
Although with all the "records" sealed, there's no way to know if he ever was enrolled there.
Is this the Greek version of Timmay Jeethner??
What's "lemming" look like in Greek?
Αρουρα?ος των βορει?ν χωρ?ν
It is obvious to anyone with half a brain that the central bankers are clubby and scratch each other's back when necessary. They even appear to be happy to "co-inflate" at roughly the same rate so as to keep the FX cross undisturbed.
Almost makes you wonder about that "free market."
He was Vice President of the European Central Bank from 2002 to 2010...
The ECB did wonderful work during that time. Oh wait...
Plant? Are men like him usually called a 'fruit?'
L-Pap, because Greece isn't enough of a ruin already.
The man would be wise to never step foot in Greece.
In these desperate times of the criminal banking syndicate, they become ever more sloppy in their attempts to hold onto their dominion over the current system. This will only expose themselves for the treacherous regime that they are and will enact more aggressive repercussions for the overthrow of this current system.
The paradox of unsustainable rule: as they try to take more from the people, the people become more resistant and revolt.
you could clone all these people, they pick from the same pool, with the same views, to make sure there is the same outcome. imagine an "outsider" appointment.
They are going to make a goldman guy head of the ECB. I mean if that doesn't tell you something nothing does.
Wait, is this guy "a plant" or a "green shoot?"
I still get those confused.....
Its becoming increasingly clear that violence is the last path left. Some of these bankers are going to have to die. They have a crushing grip on every system that was supposed to allow the people to implement societial changes nonviolently.
Yep.
Violence is the only means to remove a parasite social upper class. I doubt Americans will realize this, though; 'merikans have been trained from birth to view the rich as sort of saint-like.
I think it's funny that the supposed beacon of "freedom" and "democracy" has one of the most brainwashed & delusional populations on this planet.
+1
The Greek people are going to love this. Moves like this are so overt not a soul can deny that the banking elites are firm in their belief that the financial coup continues globally unabated. And a member of the Tri-Lateral Commission to boot..just in case your sundae needed a few more sprinkles.
Yes, the fucking audacity, or, if you will, chutzpah.
How many pap smears do the people of greece need before they realise its terminal - stop looking for a second opinion
“The only sensible way forward is to push ahead with ambitious and large-scale reforms, including the privatization of state assets " - L-Pap
Hired to preside over the sale of assets... similar to a going out of business sale.
First the IMF news and now L Pap. Change you can believe in.
Ken Lewis?
Now now guys, don't piss off the ECB...
06-16 13:11: ECB's Mersch says nonsense talk about Greece insolvency must stop now*raises middle finger*
I heard he is not a candidate.
New government after midnight local time.
The incestuous relationship of big banks, university economists carrying passports of more than one country, heads of government, the IMF and the Federal Reserve is striking; frightening.
The Greek “cross currency swap” engineered by Goldman Sachs just after Greece was admitted to Europe’s monetary union, for example, involved:
Greek Prime Minister Contantine Simitis, leader of the Panhellenic Socialist Movement,
Lucas Papademos (until recently vice president of the European Central Bank*) then governor of the Bank of Greece and Greece’s rep on the IMF,
and Christoforos Sardelis, head of Greece’s Public Debt Management Agency at the time, who held Swedish citizenship for a number of years and came to his public post from the Bank of America, and is now with Banca IMI, the investment banking unit of Italy’s Intesa Sanpaolo.
Papademos, educated at MIT, had been at Columbia University and in 1980 was senior economist with the Federal Reserve Bank of Boston. He formed his Fed connections when he was a top research assistant to the late Nobel Prize-winning economist Franco Modigliani, who was born in Italy but left Rome in 1938 when Mussolini announced new laws against the Italian Jews. Modigliani had close contacts with the Federal Reserve and his students, along with Papademos, have included Charlie Bean, Deputy Governor of the Bank of England, and Stanley Fischer, Governor of the Bank of Israel.
Papademos served through 2002 to 2010 as European vp with its president, Jean-Claude Trichet, former alternate governor of IMF, governor of the World Bank and member of the Washington-based financial Group of Thirty. He’s also former chairman of the Paris Club, a financial group of officials of 19 countries that can provide debt cancellations, for restructuring for indebted companies and creditors referred by the IMF.
Fischer, before becoming an Israeli citizen to head Israel’s central bank, had been vice president and chief economist at the World Bank, first deputy managing director of IMF, vice chairman of Citigroup, president of Citigroup International, head of the Public Sector Client Group, a member of the Washington-based financial Group of Thirty, and Fed Chairman Ben Bernanke’s Ph.D. thesis advisor at MIT.
At MIT, Modigliani worked closely with Nobel laureate Paul Samuelson, uncle of National Economic Council Director Lawrence Summers (family name earlier had been changed from Samuelson to Summers).
The members of this closed membership insider mob…bought economists, politicians and the rest…are the foot soldiers for the financial tyrants who are strangling our beloved country. And from one of the worst foot soldiers of all, the Nobel, stern, bookish professor from Princeton, Thomas Woodrow Wilson, we finally heard the truth when the damage began its relentless march…a kind of confession if you will:
“A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men… We have come to be one of the worst ruled, one of the most completely controlled and dominated governments in the civilized world—no longer, a government by conviction and the free vote of the majority, but a government by the opinion and duress of small groups of dominant men.”
Christ!
This is unbelievable! As more information is revealed, the emrging picture of the global power structure outpaces my cynicism, pessimism, and worst fears. I need to catch up.
Don't miss the Lorenzo Bini Smaghi saga!
So: it is illegal to pressure to pressure an ECB board member to resign, as this would undermine the independence of the Central Bank. But it is legal to offer them goodies for resigning: this does not undermine the Bank's independence. Got that? Right.
Unbelievable! This process carries an “unelected” status one step further; participants can be removed only from within the club.
In San Francisco, when a tenant burns down an apartment building, the owner has to pay him or her nearly $10K for the pain and suffering of moving. Hey, that's the same story as nations and banksters! Frak-tal economics.
The banker deceit is actually getting painful to watch.
The recent Bilderberg meeting apparently produced results. I sense re-invigoration from the Greek pols and less outward fear of civil unrest, unlike before. Must have been told it was bad for the all the other European stooges see them fold like lawn chairs.
As a previous poster said, it is amazing how the politicians stop at nothing to clearly advocate for the EU banks instead of the people in the streets they are supposed to represent. These politicians are nothing less than complete traitors. Maybe a few of them need to be strung up like El Duce' as an example to others.
Death Match on:
Bankers: "Who needs the CIA and a Black Ops team to engineer a coup when we got guys like this on the bench we can parachute in? He isn't even Greek -- we just dropped him out of a Swiss deposit box, fully grown."
Greeks: "We are millions and can fuk you up, so all those Odious notes is not belong to us."
It seems Greece's political climate is perfect for a military coup or a violen revolution.The euro was a failure for the globalist. It will come down and breakup. I for one do not see the EU surviving into the end of this decade. There is only two ways it ends.
a. A breakup of the Eurozone
b. An agreement on debt restructuring, bank haircuts and fiscal consolidation. New rules will be drawn out and fiscal union will be the final outcome. EU states will realize that in order to be part of a currency union, fiscal sovereignty will have to be sacrificed. To some extent, Federalization may be the route that the EU takes in its evolution to become an economically and politically linked union.
The later seems to be what the Europhiles want but politically cannot happen. It requires nations to set aside their sovereignty and their cultural differences. Politically, I see an attempt by EU-philes to push for some sort of fiscal consolidation of the Eurozone with autonomy in Brussels. However, I can also see Euro-skeptics and nationalists push back citing sovereignty and democracy. This will be further hampered by historical animosity, and ethnic diversity. As such, I view the probability of this outcome as extremely LOW (some in Europe would say non-existent). So it seems that the likely outcome will be the demise of the Euro and the end of the currency union. I do not see a smooth finale to the Euro experiment.
Is this clusterfuck tradable?
Greek default = Euro down, dollar up, commodities down?
Then once euro and $ at par, buy commodities and overweight PMs?
Tricky business.
The Banksters are so far ahead perhaps the citizens should forefit!
Ensolventzone shucks; it's the Enslavement Zone!
And it's comming to a town near you!
See:
How Two Banksters Led Europe To Ruin -- AND REVOLUTIONVisit: Inflection Point
+100. And kudos to author Jerome E. Roos.
I quote from his article:
“Meet Jean-Claude Trichet and Josef Ackermann. The former is the departing head of the European Central Bank and recently was ranked one of the five most powerful people in the world by Newsweek. The latter is the head of the largest private bank in the eurozone, Deutsche Bank, and was just named the “most powerful banker in Europe” by the New York Times. Neither was elected to run the economy. Yet, together, they do.
“In fact, both men have been instrumental in shaping the EU policy response to the crippling debt crisis that continues to haunt the eurozone. As the Times reported in a powerful feature today (June 15), Mr. Ackermann ‘is at the center of more concentric circles of power than any other banker on the continent.’”
Dr. Ackermann is Chairman of the Management Board and Group Executive Committee of Deutsche Bank AG and is a Steering Committee member of The Bilderberg Group, and like Trichet, is Jewish. The goal of this globalist elite group is to bring about a one-world government and global financial system with a one-world currency…
More and more the threat is rising in this modern world: Either self-government is to be salvaged or what remains is slavery.
Btw, the NY Times' article on Ackermann is a must read.
http://www.nytimes.com/2011/06/12/business/12bank.html?_r=1
As the Times' article states: “it is no secret where Mr. Ackermann’s financial allegiances lie: with the banks.”
“His visibility as an industry advocate stems in part from his chairmanship of the Institute of International Finance, an association of the world’s biggest banks, including American ones like Goldman Sachs, Morgan Stanley and Citigroup. The group has released studies contending, among other things, that compelling banks to reduce their use of leverage — a move that would almost certainly reduce banks’ profits — would cause a credit crunch.”
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