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Greece Deputy PM Warns Of Tanks In The Streets, Mass Suicides, If Second Bailout Voted Down By Greek Parliament

Tyler Durden's picture


With just days left until the crucial vote on passing the Greek mid-term austerity package, the assured destruction rhetoric used by the Greek status quo has hit fever pitch. Just to make sure the message is not lost on the broader population that Europe's banks will not admit defeat in a vote that could end the kleptocratic cartel's hegemony for ever, Greece's Deputy Prime Minister Theodoros Pangalos has blasted suggestions that it would be better for his country to abandon the euro and return to the drachma as an "immense stupidity". He didn't stop there. For dramatic impact, the Greek vice PM also said that the country would devolve into complete anarchy, with tanks roaming the streets, a population on the verge of civil war, with mass suicides, just for dramatic impact, should bankers not get their way. More or less in line with the Hank Paulson script that is regurgitated every few years when the Ponzi system is on the verge of imploding yet again.

From AFP:

"Those who say this are extremely stupid. While they may be analysts, university professors or economists, saying that is an immense stupidity," Pangalos told daily Spanish newspaper El Mundo in an interview published Sunday.

Debt-wracked Greece has been told by European peers that it cannot hope to continue receiving aid from a 110-billion-euro rescue package agreed with the EU and the IMF last year without biting budget reforms and privatisations.

The Greek parliament will vote on an austerity package this week but some economists have argued that Athens needs to restructure its debt and leave the euro to become economically competitive again.

"Returning to the drachma would mean that on the following day banks would be surrounded by terrified people trying to withdraw their money, the army would have to protect them with tanks because there would not be enough police," said Pangalos.

"There would be riots everywhere, shops would be empty, some people would throw themselves out the window ... And it would also be a disaster for the entire European economy."

And since we continue to live in bizarro world, the inverse truth is that this is likely a far more accurate description of reality should the mid-term package be voted through in just a few day, although with the country on a general 2 day strike beginning Tuesday, everyone will be able to celebrate with the bankers right in front of the Athens parliament once again.

As for austerity, something tells us Pangalos will be the first casualty should Greece finally truly implement some "leaner" policy measures.


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Sun, 06/26/2011 - 19:19 | 1403824 Goldtoothchimp09
Goldtoothchimp09's picture

One word -- ICELAND

seems they are doing just fine, thank you

Sun, 06/26/2011 - 19:28 | 1403856 financeguru500
financeguru500's picture

Sounds like the PM will be next to be removed from office.


Sun, 06/26/2011 - 20:32 | 1404067 markmotive
markmotive's picture

Yeah but luckily the world's leaders have come together to release 'QE Black', an alternative form of economic stimulus that will save the world.

Crisis averted.

(Sarc off)

Sun, 06/26/2011 - 20:54 | 1404159 mophead
mophead's picture

It's for profit, not QE. They will not push oil prices down. Oil prices will trend higher because that's what creates "inflation", more so than money printing itself.

Sun, 06/26/2011 - 21:25 | 1404312 yesmassarothschild
yesmassarothschild's picture

"Catch a fire"  by D. Marley - -


Today they say that we are free

Only to be chained in poverty

Good god I think it's illiteracy

Only a machine that makes..

right now the city can,t get no absurder
after 400 years and whole heap ah brown sugar
we ambush we brother
and go on like never
used to plan slavery revolt
inna di bush dem together
we change just like di weather

A YO!!
We want know bout ah
Every red cent out ah
Poor people money dem spent
And then
We want know down who
Pay di bills when the prime minister card dent
And then
We want know when dem ah come reposes
All these guns and drugs they,ve

Sun, 06/26/2011 - 19:28 | 1403858 Ahmeexnal
Ahmeexnal's picture

Yes, if Greece dares default, there will be tanks on the streets. German Panzerdivision tanks taking over Athens.

Sun, 06/26/2011 - 19:47 | 1403894 max2205
max2205's picture

I'd like to see that fat fucking politician thrown out a window and hit the pavement but the widows are not that big. Jmo :)

Sun, 06/26/2011 - 19:51 | 1403905 AUD
AUD's picture

Yeah, why would anybody listen to that fat prick?

Can he even get up out of his seat?

Sun, 06/26/2011 - 21:22 | 1404303 Andy Lewis
Andy Lewis's picture

Stick an apple in his mouth and have a global pork roast.  It would solve world hunger.

Mon, 06/27/2011 - 05:20 | 1404858 equity_momo
equity_momo's picture

Pangalos is just big boned.

And the Greek economy is just in a transitory soft patch.

Sun, 06/26/2011 - 19:55 | 1403916 Goldtoothchimp09
Goldtoothchimp09's picture

a.k.a.   Jabba the Fuck

Sun, 06/26/2011 - 22:27 | 1404488 nmewn
nmewn's picture

"As for austerity, something tells us Pangalos will be the first casualty should Greece finally truly implement some "leaner" policy measures."

LOL! the appearance of that belly, an austerity salad or two is in order.

Surely, they have food SWAT teams there as well ;-)

Sun, 06/26/2011 - 20:20 | 1404023 G-R-U-N-T
G-R-U-N-T's picture

Word has it the only way he can wipe his ass is with a rag on a stick.

Sun, 06/26/2011 - 20:51 | 1404113 WestVillageIdiot
WestVillageIdiot's picture

It's that damn bird's fault.

Sun, 06/26/2011 - 21:00 | 1404181 East Coast Diablo
East Coast Diablo's picture

Terminal velocity bitchez.

Sun, 06/26/2011 - 21:58 | 1404405 Inibo E. Exibo
Inibo E. Exibo's picture

The quintessential Dogbertian "Wool-coated glob of fat."

Sun, 06/26/2011 - 19:53 | 1403913 LongBalls
LongBalls's picture

It's time to get this party started. Default, get involved, and replace the system. It's headed to default anyway.

Sun, 06/26/2011 - 19:35 | 1403880 NewThor
NewThor's picture

The global economy will soon be a land of ICE, or credit FREEZING.

They'll pass this shit if they have to drink a million gallons of 

fresh baby blood to do it. I don't know man, right now, as crazy as

it seems, i think the governments of the world are prepping for 

2012, or Elenin, or Nibiru, or Earth entering sometime of asteroid

belt where the comets come fast and furious.

I know it sounds goofy, but the alignments with the sun and Earth

cause some massive Earthquakes, there are 33 active volcanos at

the moment, and the M-i-ss-i-ss-i-ppi is rising like Charlie Sheen

at a national high school cheerleading competition.

Oh, and add in there, we all know that the real problem isn't Greece

defaulting and falling off the planet, or even the banks exposure to

their toxic crap, but all the Credit Default Swaps that are ticking 

like time bombs. I'm going to piss on some dominos and pick a number,

oh joy, FIVE TRILLION if/when Greece defaults.

Who insures this shit? The little people ain't allowed to know.

And, the dickhead Republicans don't want us ever to know,

and the pussy democrats are too busy buttfucking each other

to care. 

I don't give a shit if you're athiest, christian, buddhist, catholic, hindu, 

jedi or Norse.

We're smack dab in the middle of Armaggedon/Ragnorak/Birth Pangs of a New Age

The BLACK MONOLITH showed up as Kubrick predicted,

and humanity used it to create CDOs, CDS, and a bevy of bogus

bullshit financial instruments.

Jesus Christ went all KUNG-FU ass kicking on the bankers, currency

demons in the markets back in the day, now we've got our Capitalist

American christians saying "Who can fight the Beast? BUY NETFLIX!"

Times, they've changed.

Get ready, cuz this ain't funny, my name is THOR and I'm about

to kill fake money.

God Bless Everyone

Sun, 06/26/2011 - 20:04 | 1403943 agrotera
agrotera's picture

Hear-Hear NewThor!

Sun, 06/26/2011 - 20:08 | 1403976 WestVillageIdiot
WestVillageIdiot's picture

Whew.  I should be okay.  I am a Catholic, not a Christian, so I shouldn't have to worry.

I was at Target earlier today.  I saw a lot of fellow Americans that are fat enough to qualify for Deputy Prime Minister of Greece.

Did anybody else get an ad at the top for dating Greeks?  Will we be seeing mail order brides from Greece coming to the U.S., en masse, like the Russian brides circa 1994?

Sun, 06/26/2011 - 21:19 | 1404257 topcallingtroll
topcallingtroll's picture

The first girl I met on Adult Friend Finder was Greek.  She was hot and crazy in bed.


At the risk of generalizing it is erie how similar the Southern Europeans are.

Sun, 06/26/2011 - 22:28 | 1404496 BKbroiler
BKbroiler's picture

I was waiting for a testimonial before joining... thanks.

Sun, 06/26/2011 - 23:10 | 1404593 Rusty Shorts
Rusty Shorts's picture

Braize Gob!!!

Sun, 06/26/2011 - 20:14 | 1403989 Orly
Orly's picture

"The BLACK MONOLITH showed up as Kubrick predicted..."

And don't forget Arthur C. Clarke...but I catch your drift.  Remember in the sequel 2010, penned by Clarke, the monolith took over Jupiter, introduced water and air to the Jovian moons and lit Jupiter into our solar system's second star.

Interesting parallel in that the banksters are attempting to light their own Jupiter, with their own air, money, etc., right here amongst us.  Also, as a very strange parallel to our times, the banksters...

"... regard the star Lucifer (formerly the planet Jupiter) as their primary Sun, referring to ours as "The Cold Sun". Though their settlements are concentrated primarily in the hemisphere of Europa which is constantly bathed in Lucifer's rays, some Europans have begun in recent generations to explore the Farside, the hemisphere facing away from Lucifer, which is still covered in ice. There they may witness the spectacle of night, unknown on the other side of Europa, when the Cold Sun sets."

-from Wiki.

And remember also the dire warning in the end of the film...


Kinda gives you the creeps, eh?

Sun, 06/26/2011 - 22:33 | 1404514 margaris
margaris's picture

LOL, The moon europa! Thanks for making me remember this great movie. I always liked the second part of the monolith-saga the most.

Sound effects and still shots of this movie give me the creeps every time I think about it.


Wow, the ending of this movie makes a lot of sense now. I always giggled about the idea of naming a moon after a continent... who decided that???


Did you know that Arthur C.Clarke also wrote a third part? 3001- The last odyssey? Maybe this has all the answers we need...

Sun, 06/26/2011 - 23:26 | 1404602 Things that go bump
Things that go bump's picture

Europa was a Phoenician princess in Greek mythology, whom Zeus fell in love with and, in the form of a bull, he stole her away and carried her to Crete.  He assumed human form and took her as a lover.  Galileo named the four moons of Jupiter that he could see after four of Zeus's lovers.  Jupiter was the Roman name for the king of the gods, the Greeks called him Zeus.  

Sun, 06/26/2011 - 23:32 | 1404618 margaris
margaris's picture

Ok, makes sense.

But since when did they start calling this continent "europe"?

And what was it called before?

Did/does europe have other names?

Mon, 06/27/2011 - 00:56 | 1404728 Things that go bump
Things that go bump's picture

Google it if you're really interested.

Mon, 06/27/2011 - 01:04 | 1404734 Orly
Orly's picture

A neat aspect of Clarke's four books, 2001, 2010, 2061 and 3001 was that some of the plotlines did not follow through in all of the novels.  Clarke explained that this was because all the novels occur in separate but parallel universes.

Sun, 06/26/2011 - 23:41 | 1404640 Rusty Shorts
Rusty Shorts's picture

Jezeus Christ

Sun, 06/26/2011 - 20:53 | 1404135 Goldtoothchimp09
Goldtoothchimp09's picture

it's as though TPTB knew nothing would matter post 2012 -- so just stitch it together until ...

Sun, 06/26/2011 - 23:18 | 1404577 i-dog
i-dog's picture


Exactly what I have been saying here since last year.

Something else also came to mind yesterday, while listening to some political news:

The current [minority] government in Australia seems hell-bent on losing the next election (due by mid-2013 at the latest) -- firstly, by implementing a very expensive, government owned, taxpayer funded, fibre-to-the-door, "national broadband network" to replace the perfectly good existing privately owned wireless, cable and copper network. They've apparently even signed a deal with the current major broadband provider to hand over their fibre and copper infrastructure to the government and cease to provide any wireless broadband after the handover!! How's that for a perfect setup for government controlled information distribution to hardwired IP addresses?!

On top of that, this minority government (supported to a majority only by the Greens) is also looking to ram through a very unpopular 'carbon tax' against strong opposition from the electorate. And they won't be taxing the coal miners either -- because that would cause coal buyers in China to have to pay the costs! Nooooo! They have a much better idea ... tax the electricity producers so that they can pass the costs onto the Australian consumer! Of course, the government says they'll "compensate" those affected, by reimbursing from the tax collected, but we all know how long that would last!

So, the signs are now appearing that Australia won't be the place to emigrate to when departing communist Europe or prison-farm America next year. The Australian electorate may be drug-fucked from all the fluoride in their water and additives in their food, but they need to be certified 'insane' if they don't stop this further pillaging!

I'm going to do some more googling for governments that don't currently seem to be planning on being in power beyond the end of 2012!

Sun, 06/26/2011 - 21:17 | 1404261 Newsboy
Newsboy's picture

Sooner than they are ready is fine by me. You go, Thor!

Sun, 06/26/2011 - 19:57 | 1403935 SparkySC
SparkySC's picture

Those fear mongering AHoles.

Sure there will be some changes but in time they will be for the better.


Get off the Debt Ponzi / Death Spiral Train.


Get on the Ouzo and into the Med, waters fine.



Sun, 06/26/2011 - 20:01 | 1403947 ISEEIT
ISEEIT's picture

Wish I was Greek. It's pandemonium time.

Suicide by two bullets in the head?

It's going to cost lots of blood to fix this. Lets see what the Greeks do. My guess is that their lazy socialist asses will bend over and take it.

Until September.

That is when T.S.H.T.F

Sun, 06/26/2011 - 20:01 | 1403948 crystalclear
crystalclear's picture

I don't comment or participate often but do read often. Felt strongly enough to log in to post the same: Remember ICELAND!

Sun, 06/26/2011 - 20:34 | 1404078 Ahmeexnal
Ahmeexnal's picture

So if Greece defaults....Mount Olympus will explode like the icelandic volcanoes?

Sun, 06/26/2011 - 20:48 | 1404106 crystalclear
crystalclear's picture

Nope-probably not gonna happen. BUT they will recover far more quickly than if they agree to these shenaggigans...Recovery far more likely

Mon, 06/27/2011 - 06:17 | 1404877 Urban Redneck
Urban Redneck's picture

The tanks will be in the streets either way, both options are paths to the same place, long route or direct route, pay now or pay later.

Sun, 06/26/2011 - 20:43 | 1403960 crystalclear
crystalclear's picture

See I'mnot worthy- I didnt see the EDIT comment!

I don't comment or participate often but do read often. Felt strongly enough to log in to post the same: Remember ICELAND!

Mon, 06/27/2011 - 00:02 | 1404671 Founders Keeper
Founders Keeper's picture

Welcome crystalclear!

Glad you're here.

I was a long time reader before posting also.


Sun, 06/26/2011 - 20:04 | 1403962 crystalclear
crystalclear's picture

I don't comment or participate often but do read often. Felt strongly enough to log in to post the same: Remember ICELAND!

Sun, 06/26/2011 - 20:12 | 1403975 crystalclear
crystalclear's picture

sorry for multiple responses. Thus why I don't participate often... I''m not worthy

Sun, 06/26/2011 - 20:21 | 1404025 j0nx
j0nx's picture

You're here. You're aware. Your blinders are off and you have thrown up the kool-aid that 99% of the rest of America and western society in general is still drinking. You are worthy. Carry on.

Sun, 06/26/2011 - 20:30 | 1404058 crystalclear
crystalclear's picture

Bless you :-) True sign of community here at ZH  I thought was lacking. You truly made my day.

Mon, 06/27/2011 - 09:52 | 1405174 prole
prole's picture

I don't comment or participate often, but when I do, I choose Dos Exuis. Stay thirsty my Greek friends. (And &^$% the bankers and politicians bloated on the flesh of the innocent)

Sun, 06/26/2011 - 20:34 | 1404063 Waterfallsparkles
Waterfallsparkles's picture

You could edit the mutiple posts and say something else.  Just so it does not look like a mistake.

Sun, 06/26/2011 - 20:33 | 1404075 Herbert_guthrie
Herbert_guthrie's picture

One of my favorite tricks.
And here I thought I was the only one.....

Sun, 06/26/2011 - 20:42 | 1404093 crystalclear
crystalclear's picture

how do you edit like that? I'll try but if I fail- help apprecaited!I did try to see how to delete.

Sun, 06/26/2011 - 20:46 | 1404101 crystalclear
crystalclear's picture

Wahoo-  I see it now. For you youngsters- people like myself need to wear eyeglasses. The forgetting of eyeglasses just cost me 2hours and some money with the IRS on Friday. I'll try harder but compassion is warranted I believe :-)

Sun, 06/26/2011 - 20:59 | 1404161 Orly
Orly's picture

If you're in the US or near someplace where there is a dollar store, they sell reading glasses for a buck.  I had a pair that lasted twelve years.  No joke.

Start with 1.25 and get stronger if needed.


Sun, 06/26/2011 - 23:59 | 1404670 rufusbird
rufusbird's picture

I use them for reading glasses at night. I do now, but I didn't believe my Dad at the time when he told me that he bought his glasses at the thrift store. He just tried a few different pairs until he found a pair that felt right. Paid 50 cents or a dollar a pair. When he died I got a box of my Grandmothers stuff. In it was a pair of her old glasses. Guess what. They are small but the perscription is just right. I am sure the Eye doctors I have paid a lot of money to would hate to hear me say this.

Sun, 06/26/2011 - 20:32 | 1404071 Herbert_guthrie
Herbert_guthrie's picture

ANY poster on ZH that doesn't exhibit an agenda other than the quest for knowledge gains ALL my respect.
Worthy are thou......

Sun, 06/26/2011 - 20:51 | 1404112 crystalclear
crystalclear's picture

Well Bless you too. My agenda is always knowledge and you just made my smile even wider!

Sun, 06/26/2011 - 21:38 | 1404364 James
James's picture

crystalclear - I'm asking you to get in here as much as your time allows.

You've come this far so why not?

BTW, just press "save" once - it loads slow here.

Sun, 06/26/2011 - 22:31 | 1404507 Estrella
Estrella's picture


Sun, 06/26/2011 - 21:13 | 1404245 topcallingtroll
topcallingtroll's picture

Hey babe

You are worthy.  Join the party.  Greeks will get the Argentinean treatment, not the Iceland treatment.

I would like to mention that greeks do not have a good reputation like northern europeans including Iceland.  People are willing to extend post bankruptcy credit to good credit risks and ethnic groups that have shown a long term tendency to be responsible.  Iceland has not had six defaults in the last two hundred years.

Sun, 06/26/2011 - 23:58 | 1404665 Rick64
Rick64's picture

 Iceland never defaulted. Argentina was recovering less than a 1 yr after they defaulted.

On December 23, 2001, interim president Adolfo Rodríguez Saá declared a short-lived debt moratorium. After a few days, Argentina officially defaulted on $132 billion of its debt, mostly the securitized bonds.

A measure of financial stability returned after April 2002, and the first sector to recover was manufacturing, where most industries, save food processing (the largest), were operating at below half of capacity.

Mon, 06/27/2011 - 06:19 | 1404880 Urban Redneck
Urban Redneck's picture

In Argentina, that would be TPTB that recovered first (and their employees/minions), food processing is a TBTS industry, when the locals can't afford a side of beef for the daily BBQ, but the broader recovery was more like "trickle down" economics. 

Mon, 06/27/2011 - 06:46 | 1404906 Snake
Snake's picture

IMO Argentina is in great shape, thanks to the strong and definite repeal of the neoliberal privatizing deregulating policies of the 1990s, the same policies that brought the developed world down.  Greece, Portugal and Spain today, look just like Argentina between 1999 and 2001, bailout after bailout, IMF intervention and rule, with imposition of austerity measure after austerity measure.  The question is: why all this people opposed to Greece's bailouts, are so reluctant to accept do unbiased analysis of Argentina's true economic situation?  Because it (and Ecuador, and Brasil, and Bolivia, and now also Perú) show the rest of the world how wrong the were?

Sun, 06/26/2011 - 20:10 | 1403986 S-hai High
S-hai High's picture

just amazing...

in case anyone hasn't seen it (and for those who have, i suggest to watch again) - i advise you to watch V for Vendetta...

A lot of what the government in this film does is create fear in order to control the population... the message being "you NEED us to protect you"

The filmed is obviously billed as being fictional, but it is remarkable the number of parallels to todays media and behaviour of those in charge



Sun, 06/26/2011 - 20:21 | 1404013 S-hai High
S-hai High's picture

hmmm... quite eerie that i hit 'reply' on the first post without reading below, and i'm positioned directly underneath the guy with the "V for Vendetta" pic!

Sun, 06/26/2011 - 20:35 | 1404065 crystalclear
crystalclear's picture

I thought the same thing- but I'm a gal :-)

Sun, 06/26/2011 - 20:20 | 1404009 MarketTruth
MarketTruth's picture

Agree that Greece should default like Iceland BUT if Greece defaults and it goes fine, that sets a precedence and the banksters CAN NOT allow a Euro-based county to successfully default. In other words, the banksters must make sure NO ONE ever realizes there is a way out. The banksters MUST ensure everyone is TRAPPED in their web of FIAT (counterfeit) currency scheme.

Sun, 06/26/2011 - 20:30 | 1404045 WestVillageIdiot
WestVillageIdiot's picture

Weird that we were typing almost the same thing at the same time.  A good ending is the worst ending as far as TPTB are concerned. 

Sun, 06/26/2011 - 22:53 | 1404553 Threeggg
Threeggg's picture


That post sums up all the bullshit being thrown around about Greece defaulting.

They will not be allowed to default !

Sun, 06/26/2011 - 23:39 | 1404638 Things that go bump
Things that go bump's picture

What if they just refuse to go back to work?  What if they extend the strike to a week or why not two or three while they are at it?  

Sun, 06/26/2011 - 23:58 | 1404664 knukles
knukles's picture

They work?

Mon, 06/27/2011 - 01:00 | 1404736 Things that go bump
Things that go bump's picture


Mon, 06/27/2011 - 07:48 | 1404959 Mentaliusanything
Mentaliusanything's picture

They pretend to pay us and we pretend to work. works a treat.

Mon, 06/27/2011 - 01:33 | 1404763 edotabin
edotabin's picture

People are super damned if they do and damned if they don't.

As for the fat guy with the warnings of tanks etc.  I didn't see any tanks in Iceland.  The worst that will happen is his big fat gut will explode. Once he stops eating, the Greek deficit will be immediately reduced to half.


Mon, 06/27/2011 - 13:36 | 1405899 citta vritti
citta vritti's picture

ah yes, Mr. Creosote in Monty Python’s Meaning of Life. Just substitute debt for whatever’s he’s having and you get the idea of the mess lenders and borrowers are in. 

Sun, 06/26/2011 - 23:58 | 1404654 Fazzie
Fazzie's picture

 Welcome CC you are so worthy. Any way, MT Im sure the thought of Greece defaulting and not much really happening gives the bankers and political stooges heartburn at night. Especially that fat fuck of a deputy PM who probably downs tums by the bottle.

 The MAD argument holds true for nuclear war but is abused for everything else. I remember countless arguments for invading Vietnam as a precedent for MAD arguments being proven wrong.

 Vietnam was justified basically with the dominoe theory, a premptive war to prevent all of SE Asia from falling to the evil commies.


 Well we lost, and as it turned out not a whole lot happened, Vietnam is a tourist spot and the Soviets went basically belly up eventually anyway.



Sun, 06/26/2011 - 20:40 | 1404084 Sean7k
Sean7k's picture

three words: Jabba the Hutt

Sun, 06/26/2011 - 19:15 | 1403825 Franken_Stein
Franken_Stein's picture


Let Greece default and leave the Eurozone.

Let the fucking bankers take losses and burn !

Down with the banks, down with the bankers !


Sun, 06/26/2011 - 19:46 | 1403900 Cognitive Dissonance
Cognitive Dissonance's picture

Ghostbusters tells us what to expect. Greece is headed for a disaster of biblical proportions.

"Human sacrifice, dogs and cats living together, mass hysteria."

Whoops. I see it has already been posted down thread. My bad. Better kick the dogs and cats out so I won't be distracted again.

Sun, 06/26/2011 - 20:19 | 1404020 WestVillageIdiot
WestVillageIdiot's picture

The biggest fear for the villains in charge can't be that Greece defaults and the country goes into anarchy.  The biggest fear has to be that the country defaults and the world does not end for Greece.  That would set an awful precedent of getting a country back to some sort of fiscal sanity, at least as much as Greece can be brought back to.

I know we like to think that Iceland has already done this but I don't think an island nation of 300,000 people is a large enough clinical trial to come to any firm conclusions.  We need a Greece, Spain, or at the very least Ireland, to really get a glimpse of what is going to happen after default and breaking of chains. 

Sun, 06/26/2011 - 23:49 | 1404649 Rick64
Rick64's picture

 This is the real danger, and by the way everybody Iceland didn't really default.

 The fact that the assets of the failed Landsbanki branches are now estimated to cover most of the depositor claims has had an influence to ease concerns over the situation.

 The first pillar is a program of medium term fiscal consolidation, involving painful austerity measures and signficant tax hikes.

 The IMF is imposing these austerity measures in return for huge loans to Iceland. So it looks like they are recovering, but in reality the citizens have to bear the burden of the loans or interest payments and austerity measures. Can somebody explain what is the difference between Greece and Iceland?

Mon, 06/27/2011 - 01:42 | 1404768 edotabin
edotabin's picture

The banks have 2 weapons:

1. Pay your loans!

2. Don't pay your loans and we'll make your lives soooooo miserable, you will wish for an opportunity to pay back your loans.

Seriously speaking, the financial system is too closely tied together at this point for any country to be off the grid.

Sun, 06/26/2011 - 20:58 | 1404156 molecool
molecool's picture

I beat you to the punch, mate - but it's good to know we still think alike ;-)

Let's grab a beer next time you're in town.

Sun, 06/26/2011 - 21:04 | 1404180 ThisIsBob
ThisIsBob's picture

Smash the bankers! 

Sun, 06/26/2011 - 22:11 | 1404417 James
James's picture

In a recent interview,Soros admited that greece will leave the Euro.

I'll go attempt to find this link.

Edit - Soros says "inevitable" a country will leave the Euro. Did not name Greece specifically. Here's the link.

Sun, 06/26/2011 - 19:20 | 1403826 PaperBear
PaperBear's picture

The whole pyramid scheme is going to collapse some day might as well be the day this thing gets voted down.

Sun, 06/26/2011 - 20:22 | 1404031 WestVillageIdiot
WestVillageIdiot's picture

That is the scary part.  MAD was built into the entire financial framework.  The big boys can say, "you want us to take a hit?  Okay.  Say 'goodbye' to your pension funds, 401k and anything else that is 'in the system'."  The plan is so smart because it is so destructive.

As the sun sets tonight I am staring at the financial district.  The setting sun is giving it an eery feel.  Perhaps that is appropriate.

Sun, 06/26/2011 - 19:16 | 1403829 Guy Fawkes Mulder
Guy Fawkes Mulder's picture

I guess no one ever said making the New World Order would be easy...

Sun, 06/26/2011 - 19:38 | 1403883 NewThor
NewThor's picture

This too must pass.

Sun, 06/26/2011 - 19:20 | 1403831 molecool
molecool's picture

Dr. Peter Venkman: This city is headed for a disaster of biblical proportions. 
Mayor: What do you mean, "biblical"? 
Dr Ray Stantz: What he means is Old Testament, Mr. Mayor, real wrath of God type stuff. 
Dr. Peter Venkman: Exactly. 
Dr Ray Stantz: Fire and brimstone coming down from the skies! Rivers and seas boiling! 
Dr. Egon Spengler: Forty years of darkness! Earthquakes, volcanoes... 
Winston Zeddemore: The dead rising from the grave! 
Dr. Peter Venkman: Human sacrifice, dogs and cats living together... mass hysteria! 
Mayor: All right, all right! I get the point! 

Sun, 06/26/2011 - 19:39 | 1403887 NewThor
NewThor's picture

Tell him about the CDS Twinkie, Ray.

Sun, 06/26/2011 - 20:03 | 1403954 TN Jed
TN Jed's picture

What about the Twinkie?

Sun, 06/26/2011 - 20:18 | 1403998 Orly
Orly's picture

If all the CDS activity on the planet were reduced to physical form, it would be a Twinkie the size of the United States...

Wed, 07/27/2011 - 23:46 | 1500298 TN Jed
TN Jed's picture

That's a big Twinkie.

Sun, 06/26/2011 - 20:24 | 1404008 agrotera
agrotera's picture


Sun, 06/26/2011 - 20:27 | 1404051 macholatte
macholatte's picture

This is harder than it sounds.  A man on the street will do anything not to fight.  The idea is to take some Joe on the street who's never been in a fight and recruit him.  Let him experience winning for the first time in his life.  Get him to explode.  Give him permission to beat the crap out of you.  You can take it.  If you win, you screwed up.  "What we have to do, people," Tyler told the committee, "is remind these guys what kind of power they still have."  ~ Fight Club, Chapter 16

Sun, 06/26/2011 - 19:21 | 1403832 PaperBear
PaperBear's picture

This is the way our politicians rule us ? By fear.

Sun, 06/26/2011 - 19:21 | 1403839 molecool
molecool's picture

With all due respect, but you just figured that out NOW? ;-)

Sun, 06/26/2011 - 20:08 | 1403961 agrotera
agrotera's picture

I mostly repeat the same old thing over and over here on zerohedge (the old broken record routine0, just in case someone missed it...people are not necessarily mind readers...people come and go, and learn and share...if everyone  understood the truth of our country's situation we wouldn't be in this shape, so try to have some patience with the fact that we can help each other by sharing and sharing and sharing.

Sun, 06/26/2011 - 20:26 | 1404047 CompassionateFascist
CompassionateFascist's picture

Here's one way to get clear of the System before it blows: @

Mon, 06/27/2011 - 01:46 | 1404770 edotabin
edotabin's picture

LOL! Better to arrive at the 11th hour than not at all :-)

Sun, 06/26/2011 - 20:00 | 1403934 Pure Evil
Pure Evil's picture

I think you meant, "rule us by hyperbole."

hy·per·bo·le [hahy-pur-buh-lee] –noun Rhetoric .
1. obvious and intentional exaggeration. 2. an extravagant statement or figure of speech not intended to be taken literally, as “to wait an eternity.” Origin:
1520–30; < Greek hyperbol?  excess, exaggeration, throwing beyond, equivalent to hyper- hyper- + bol?  throw
Sun, 06/26/2011 - 20:30 | 1404061 DeadFred
DeadFred's picture

Naw, when they were trying to pass TARP they were much nicer than this. Martial law, end of the world, but I don't remember any threats of mass suicides. I would have been all for TARP if they'd talked about mass suicides, whew!

Sun, 06/26/2011 - 19:21 | 1403833 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

They really don't want the first domino to fall do they...?

Any greek soldiers taking part in protecting the government (and it's owners the banks) from the peoples wrath should be f**king ashamed of themselves, may their families disown them.

Sun, 06/26/2011 - 19:51 | 1403906 snowball777
snowball777's picture

Let's hope they watched the events in Egypt and Libya and the soldiers and pilots who said no to attacking their own.


Sun, 06/26/2011 - 19:21 | 1403834 slow_roast
slow_roast's picture

Isn't that what will happen if the vote passes?

Sun, 06/26/2011 - 19:34 | 1403879 buzzsaw99
buzzsaw99's picture

That is what will happen either way so technically T. Pang isn't lying.

Sun, 06/26/2011 - 22:06 | 1404443 topcallingtroll
topcallingtroll's picture

buzztroll speaketh the truth.

Sun, 06/26/2011 - 19:25 | 1403837 SecondComing
SecondComing's picture

There's blood in the streets it's up to my ankles

Sun, 06/26/2011 - 19:29 | 1403859 LawsofPhysics
LawsofPhysics's picture

No shit, and it will get deeper.

Sun, 06/26/2011 - 19:58 | 1403937 Ahmeexnal
Ahmeexnal's picture

You on the rag?

Sun, 06/26/2011 - 20:09 | 1403969 Pure Evil
Pure Evil's picture

It's quite possible Aunt Flo is on the rampage.

Sun, 06/26/2011 - 20:01 | 1403944 JohnG
JohnG's picture

Are you in Newhaven perhaps?

Sun, 06/26/2011 - 20:20 | 1404011 Orly
Orly's picture

Blood in the Streets,

The Town of Chicago.

Blood on the rise is following me...

-Jim Morrison

Sun, 06/26/2011 - 22:27 | 1404490 Imminent Collapse
Imminent Collapse's picture

Nice Jim Morrison reference.

Sun, 06/26/2011 - 19:26 | 1403840 walcott
walcott's picture

Fuck him. Bring it!

Sun, 06/26/2011 - 19:23 | 1403843 LawsofPhysics
LawsofPhysics's picture

Fuck you Mr. Deputy.  Revolution bitches.  Bring it.

Sun, 06/26/2011 - 20:02 | 1403951 Lord Welligton
Lord Welligton's picture


He is a complete gobshite.

But enjoy.

Sun, 06/26/2011 - 19:24 | 1403844 jmcadg
jmcadg's picture

So threatening your own people is now a legitimate strategy.


Sun, 06/26/2011 - 19:40 | 1403882 Sathington Willougby
Sathington Willougby's picture

Exactly how the business of govt works.  No one in their rational mind would decide to let these asstards do what they've done, will do and have always done.  People in fear will agree to anything.

Sun, 06/26/2011 - 20:31 | 1404062 WestVillageIdiot
WestVillageIdiot's picture

Dear Dumbasses,

Without the passage of TARP there will be martial law.


Hammering Henry Paulson

Mon, 06/27/2011 - 06:31 | 1404893 Urban Redneck
Urban Redneck's picture

Same story with the Patriot Act, same story with Obamacare and Dodd-Frank- TPTB always tell Congress to pass the bill or the world will end, and Congress turns around and tells the fools- we had to pass the bill or the world would end.  Then a new bunch of whore arrives in the legislature, and instead of fixing the previous error, the fools get another rendition of TPTB melodrama.  Rinse, repeat. 

Sun, 06/26/2011 - 19:29 | 1403846 JOHNICON
JOHNICON's picture

LOL...The ad on the top of the page is for ""   The tagline in "Find Love."


They should find a set of balls, force their own government repudiate all of their euro-denominated debt and go back to the drachma.

Sun, 06/26/2011 - 19:39 | 1403889 knukles
knukles's picture

Well, that is the current status of the whole Greek population; taking it up the ass for the exclusive benefit of global bankers and politicians, aka sociopaths.

Sun, 06/26/2011 - 19:29 | 1403847 JOHNICON
JOHNICON's picture

Whoops...double post.  Double your pleasure.  :)

Sun, 06/26/2011 - 19:29 | 1403848 pragmatic hobo
pragmatic hobo's picture

I just don't get it ... from what I can tell the Greeks have EU by the balls. All they have to is squeeze it hard and they just might get everytihg they want and then some more. Why the Greek government is  so bent on  screwing their citizens to bailout German and French bansk is beyond my comprehension.

Sun, 06/26/2011 - 19:50 | 1403912 knukles
knukles's picture

At this juncture, the only way out is the simple NWO Anonymous 6 Step Program.

Admit you're fucked
So best just lie about agreeing to everything
As long as they quintuple the size of the loans
Use proceeds to buy gold
Tell everybody to go fuck themselves

This simple program has worked hundreds of times for many, many third world and debtor nations as well as quasi-governmental entities; in fact for a quite a number of them, many, many times.
It's a proven relief from the national robbery and pillaging practiced by the enriched few at the expense of the innocent masses.


Sun, 06/26/2011 - 19:57 | 1403925 A_MacLaren
A_MacLaren's picture

You think the Greek Politicos (your own for that matter) work for the Greek People (your own...)?



Sun, 06/26/2011 - 21:19 | 1404282 topcallingtroll
topcallingtroll's picture

I don't think they do have the EU by the balls.

I believe the Northern Europeans will not tolerate blackmail.

They would rather face the calamity than back down.

Sun, 06/26/2011 - 19:30 | 1403849 bob_dabolina
bob_dabolina's picture

He forgot that AIDS would go airborne and kill everyone

Sun, 06/26/2011 - 20:22 | 1404017 Orly
Orly's picture

Actually, they decided against AIDS, as it takes too long.

The lethal pandemic of choice is Ebola.

Sun, 06/26/2011 - 20:34 | 1404059 CompassionateFascist
CompassionateFascist's picture

At the moment it's boredom: watch out banksters, here come the Public Employees. Not.

Sun, 06/26/2011 - 19:31 | 1403850 carbonmutant
carbonmutant's picture
Greek Deputy PM Sounds like Paulson....
Sun, 06/26/2011 - 19:27 | 1403852 Racer
Racer's picture

Banksters must be children who were not disciplined properly when they were young.. and no I don't mean spanked or hit... I mean shown the boundaries of what is good and bad and it is not good to hit and kick  your younger sibling as much as you like or you could kill them

Sun, 06/26/2011 - 19:31 | 1403853 flaunt
flaunt's picture

Sick stuff.  But I guess they figure if hysterical threats worked in the U.S. why not in Greece?  These criminals ought to be locked in chains rather than at the head of states.

Sun, 06/26/2011 - 19:28 | 1403855 Mae Kadoodie
Mae Kadoodie's picture

Mass suicides in the Greek Parliment he means.

Sun, 06/26/2011 - 19:31 | 1403871 LawsofPhysics
LawsofPhysics's picture

Wouldn't that be nice? Unfortunately, I don't think that is what he is hinting at.

Sun, 06/26/2011 - 22:15 | 1404467 nathan1234
nathan1234's picture


Sun, 06/26/2011 - 19:32 | 1403857 Racer
Racer's picture
Greece Deputy PM Warns Of Tanks In The Streets, Mass Suicides, If Second Bailout Voted Down By Greek Parliament


He must be having a holiday in upside downland

Sun, 06/26/2011 - 19:52 | 1403917 knukles
knukles's picture

Or in a Brussels bordello...

Sun, 06/26/2011 - 19:29 | 1403860 Waterfallsparkles
Waterfallsparkles's picture

Only ones throwing themselves out of windows if it does not pass will be the Bankers.

Sun, 06/26/2011 - 19:54 | 1403928 Jendrzejczyk
Jendrzejczyk's picture

What will the Richter scale hit if that fat fucker jumps?

Sun, 06/26/2011 - 19:30 | 1403865 dcb
dcb's picture

When the world does collapse if the greeks default then the world is no longer hostage to the bankers. end game. It sould be rather clear why such things are being said.

Sun, 06/26/2011 - 19:34 | 1403866 jmcadg
jmcadg's picture

They are weak, cartel puppets and not able to see what is right for their people, rather than their positions and pockets.

Sun, 06/26/2011 - 19:30 | 1403867 droper
droper's picture

sounds like the great depression. =/

Sun, 06/26/2011 - 19:34 | 1403869 Arius
Arius's picture

give him the bazooka ... pls ... keep us safe ...

Sun, 06/26/2011 - 19:35 | 1403872 gwar5
gwar5's picture

A reckoning cometh.

But who put Greece in this position to begin with, and how can he be so sure the tanks won't be pointing at him?

Sun, 06/26/2011 - 19:32 | 1403874 phraseshifter
phraseshifter's picture

Greece,on the edge...of a Prepuce!

Mon, 06/27/2011 - 01:48 | 1404769 delacroix
delacroix's picture

oh, that's not kosher

Sun, 06/26/2011 - 19:34 | 1403878 carbonmutant
carbonmutant's picture

 I suspect they may need a few tanks if they pass that bailout...

Sun, 06/26/2011 - 19:38 | 1403884 alien-IQ
alien-IQ's picture

If the "mass suicides" are committed by bankers and politicians...I really can't see a down side to it.

Sun, 06/26/2011 - 20:29 | 1404054 pitz
pitz's picture


Jump you motherfuckers!

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