The Greek "Ultimatum": Bailout (For The Bankers) And (Loss Of) Sovereignty

Tyler Durden's picture

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DK Delta's picture

Greece cannot accept the terms. It's leaders cannot be trusted. The country must revolt.

Ethics Gradient's picture

It's all part of Delors' plan.

The internet wasn't, though.

Use of Weapons's picture

Zuckerman did his part @ the G8 over this. Don't get me wrong; he's a toad, and deserves hurting, but at least he's still semi-authentic. In wankery.

The real story is a whole lot bigger - and involves "there's only 3 [6, but 2 ain't public, and 1 you'll never know about] intranets with over a million users in the world, and Sony got taken to the cleaners as a power-play".

Put it another way; it was argued that "gossip sped up by technology" wasn't a case for removing said technology, especially with all of the economic [data] benefits it brought. Accepted, and case carried [esp. once revenues were in; oh, and fuck Twitter for £25mil on an app that's crap - sigh. You weren't going to get cleaned out by the G8 anyhow, stupid cows for bowing to pressure & panic buying for security. Still, friend of a friend is happy. I say: stupid move now means no smart moves later - Twitter soon to be superseded].

Ahmeexnal's picture

Too late now. Protests have spread to Italy, France and hundreds of cities.

Merkel is packing her bags with gold bars and escaping to south american nazi safe haven, or to the Vatican.


The 'Indignants' gathered once more on Sunday in central Athens, joined by others in Milan's Piazza del Duomo, Champs Elysee in Paris and another 100 European cities holding simultaneous peaceful protests. Sunday's demonstration was the largest of the five consecutive protests that have taken place each night at Syntagma Square since Wednesday, with over 90.000 people participating. 
DoChenRollingBearing's picture

Barron's this weekend had their main article on Greece.  The article (by Vito Racanelli) says the bankers should just accept 50% on the euro now rather than 30% or less in the future.  Dexia (a Belgian bank) is on the hook for 3.46 billion euros!  Ouch!

While I have not addressed Greece on my blog, some 90 ZH-ers have asked to take a look.  Send me a gmail promising to behave if you would like to have a look as well.

Sudden Debt, I would really like to have you come by as I need experts (I claim no expertise in anything).

AnAnonymous's picture

Too late now. Protests have spread to Italy, France and hundreds of cities.


Funny. Another delusion. Two years ago, the voice of this site was Piltchard like, that the Eurozone was going to implode. Very US like.

In this US driven world, I took the other stance, that this crisis could be used to deepen the Eurozone integration, telling that it could lead to countries losing their capacity to taxation.

And here were are: we are nearer from Greece losing taxation power than the Eurozone implosion.

Once again, the propagandists are going to be revealed.

It is nothing new: Europe is following the US'path, that has shown what happens when a national people loses the power of taxation: elimination, disappearance from the face of the Earth. The US used that trick again and over again. It was expected that other people would be tempted to do so.

If this passes, it will be simply the end of the Greek people as it was known to become one entity into the new to come European people.

End of sovereignty for Greece. Real beginning of the European people as a sovereign.

Shredd the FED's picture

Here is a cartoon how it started, and how it will end... A long, but worth waching and sharing with others...  The American Dream By The Provocateur Network   Those who have no time watching it all, start waching from 22:50 min... But find some time in the future to watch it all...

Ahmeexnal's picture

Sarkozy has unleashed the ruthless french police onto peaceful unarmed civilians.

The protesters are reorganizing and will soon topple the fascist Sarkozy (the new Vichy) regime.


Facebook/Gog-Magog Google revolution version 2.0

KinorSensase's picture

I made it through the first half (watched it late-night), looking forward to the 2nd half.  It's pretty great to see more videos breaking down the whole situation in ever-more-accessible fashions.  This video is top notch, nice link.

Troy Ounce's picture

Do you really think the Greek will pay their hard earned money to a bunch of red necks?

Do you really think a Frenchman will pay his taxes to someone who does not give him the immediate benefit?

There might be a political and monetary union in the EC, a cultural union might only come when PIIGS fly.

There will never be European people as a souvereign.


AnAnonymous's picture

Do you really think the Greek will pay their hard earned money to a bunch of red necks?


Wrong way to introduce stuff. Once again, the role model is the US and it is better to refer to the US to try to infere what is going to be.

Just as Dutch, German, English, French aggreed to throw under the train the negroes in order to get access to liberty as white people in a "the slaves, they are them, not me" stance, the real question is to know whether or not

the French, the English, The German, The Dutch  and all the others (but Greeks) will support that an international institution consficates the power of taxation from the Greeks.

The answer is yes, yes, yes, yes, yes, yes, definitively, absolutely and finally yes.

If they can sacrifice others in order to alleviate their struggling in the short term, they will do. The history of the US. From all Europe, there will be a resounding yes, rationalized by "the Greeks can not behave, we need our money back" motto, "the fair thing" to do etc

After that, Portugal, Ireland etc until the point the majority of countries has lost the power to taxation. At this point, why should the others be treated differently?

By supporting this act, the others will provide the justification for the same treatment to be applied to them.

An old trick perfected by the US.

Dont fear, the US has shown the road and the US citizen nature is eternal.

taraxias's picture

I could write a long response to the drivel you keep posting here but I won't waste my time. I'll just say you are a fucking idiot.

Bobbyrib's picture

I think what he is trying to say is: 'Why would the Greek citizens accept the EU's proposal to give up sovereignty when they could just tell them to piss off and secede from the EU?'

You can all ready see they are protesting and have been for months. They seem to be the country least likely (unlike the Irish they continue their protests) to accept the terms of a bailout. Greece's citizens could choose to default (if there is a revolution in the end) even though the stooges in their government are willing to accept almost any bailout package thrown at them. To me (an outsider) it seemed as though the EU was rigged for some of the Western European powers (France, Germany, and England) to succeed while the other countries raised their standards of living by borrowing from these countries. Now that the bill is due it seems to me the Greek citizens don't want to pay.

JR's picture

You know, Ahmeexnal, the Second World War, which lasted six years in length, was almost 70 years ago and you may have read that the Germans were defeated.  It seems a bit out of date to use the word “Nazi” in conjunction with present day leaders of Germany, one of the more enlightened western nations. 

If I didn’t know any better, I would say you use the term in conjunction with the constant drum beat of Jewish hyperbole to attempt to keep the Holocaust Industry alive and foremost on the minds of Americans now paying a horrendous price for America’s Zionist foreign policy.  But, perhaps, I am wrong….

vxpatel's picture

she doesn't have to go that far away...

Lichtenstein is beautiful this time of year...

john39's picture

and what a plan it was...   use monoply money to take control of anything of value in the world.  any bets on whether they pull it off?  Safe bet, the next couple years are going to be interesting at the public wakes up to the power cult's naughty behind the scenes activities... the banking system is just the start.

trav7777's picture

the usury clan NEVER learns do they?  Pathologically self-deceptive.  Even the deaths of millions and no

Texas Gunslinger's picture

are they self-deceptive, or do they not give a fuck?

goldfreak's picture

but you were supposed to be a Christian Texasmudslinger  and you use the f word.

A troll has to remember what he said in the past and try to be consistent

HamyWanger's picture

Wishful thinking at best. Nobody will revolt. 

This article sums up what I've been repeating for one year now: no default, because it would mean the Pigmen have lost. 

Use of Weapons's picture

I've mentioned this a couple of times, but the buy-in level for real revolution has been costed at $11-12k / annum.

Until I see another ZH poster acknowledge this, and then cite the papers, I'll ignore most of them as not being in the loop.


Oh, and I didn't agree with the paper - Vietnam and other riots show otherwise; however, who am I to question the model the ME revolutions are being played off? Apart from "I told you so", when a large European country discovers the freedom and joy of 1936.

Lord Welligton's picture

"but the buy-in level for real revolution has been costed at $11-12k / annum."


You of course mean 90% of the population.

Then they get 10% inflation?


Meantime just feed as much as is needed.

ADirtyChapCalledWanker's picture

Ef Ísland getur gert það, svo getur Grikkland.

DK Delta's picture

There have been revelations that the Prime Minister of Greece and his family forced the Hellenic Post Bank of Greece to sell it's 1.3 bln in Greek CDS to a company by the name of IJ Partners, of whom Papandreou is presumed to have a stake. The value of these contracts is now estimated at roughly 27 billion dollars. Members of parliament have spoken out on the floor, including leader of LAOS Mr. Karatzaferis, and New Democracy MP Mr. Kammenos. 


This is enslavement of the highest order. Please read the document below and circulate it. It was the best I could do to piece together all the different pieces of news and information that exist on this from greek blogs, media and legal documents. If anyone would like to add or correct statements made within, please leave a comment on the blog post or respond to this comment on ZH.

Lord Welligton's picture

Whether they took a payment or not is not the issue.

The Greek politicians are treasonous.

ISEEIT's picture

As are ours.

What starts in Greece won't stay in Greece.

This is infectious and we lack the political nuts to deal with that fact. obama is a child, a frighteningly narcissistic child. America has her pants pulled down in front of the world. I'm embarrased.

We could be so much better.

i-dog's picture

"obama is a child"

He is NOT a child ... he is very carefully carrying out what he was groomed, trained, appointed and directed to carry out. And so have all the others before him ... and so will the next one (whether it is Perry or Obama).

"We could be so much better."

Not with an elected president under the current system, you won't. Not a chance!!

Vampyroteuthis infernalis's picture

I live in Texas and deal with douche-bag Perry. The thought of him being president makes me shit my pants!

BernankeHasHemorrhoids's picture

I loathe Rick Perry with every fiber of my being but is he any worse than this criminal Obama? I would like to see Obama publicly executed.

DoChenRollingBearing's picture

gmail me Vampyro if you would like to read my blog.  Newest article: "Which is the Best County in Texas?"  Other people who in on this can too.

Nacho.Libre's picture

I'm in Texas, can I get in on some of that action?

dcb's picture

this wouldn't surprise me at all. But, I don't ee it as being just greece. you can see it in our legislatoure as well all the time. folks taking side of corporations that are clearly against the best interest of our country, if not paid directly with a nice job when office is done. just today goldman bought another legislator, sending the clear signal, back us no matter how wrong and you will get paid.

trav7777's picture

is everyone ignorant of Argentina's history at the hands of international finance capital?

Fuck, they DID sell off all the State assets to the favored bidder, never the highest.  You had deep pockets like Petrobras trying to purchase O&G assets at market and yet the assets went for 1/3 to favored bidders.

The fuckin Presidents, Menem and de la Rua, had to be escorted out by military choppers because they took billions in suitcase money.

The elites WILL SELL the country out for their own benefit.  And their replacements will HONOR the contracts because they understand that this is how THEY TOO get rich.

Only once a Hitler comes to power, be he in the form of Putin or Chavez or Castro or any of a number of tinhats, does this crap stop.  And then they isolate him and practice economic and armed warfare, insurgencies, destabilization, etc.   They let nobody actually get an army anymore to go into Sudentenland

DoctoRx's picture

I would think that Putin has more than anyone.

A Man without Qualities's picture

Of that, there can be no doubt..

DoChenRollingBearing's picture

Yes, trav, they will do as they want.  Argentina is indeed a good lesson.

Youri Carma's picture

Papandreou is a British Agent!

Greece: The Curse of Three Generations of Papandreou’s
knukles's picture

The pigmen want to extend new loans.  The pigmen have publicly stated they want the loans secured by Greece's gold reserves.  The pigmen know that whatever the terms, Greece will ultimately default thereupon.  (Termed Fraudulent Conveyance in the private sector.)  The pigmen will then claim ownership of Greece's gold reserves. 

(The pigmen are the world's ultimate gold bugs.)

For not the first time in history, the Super National will own, lock stock and barrel, a nation.  (Ref, prior IMF involvement in Africa, Caribbean, etc.)

The pigmen shall buy on the cheap all functional assets of said country, raise tolls, user fees, tariffs, etc., thereby raping the citizens directly subsequent to have cleaned out said country's financial wealth (including gold reserves)

Prosperous business if you can get it. 
Rape an entire country.

On the Street, there's a term of art for such activity; after you've bleed everyting possible from the client, go back for even more; Skull-Fuck


macholatte's picture

And would the capital for the "loans" be fabricated from nothing, a mere bookkeeping entry on the ledger of some central banks, the IMF, whomever?

The Pigmen have zero risk, the Greeks risk everything. Then call the guys wearing the blue helmets to put down the Greeks. Where's the 300 when you need them?


Ricky Bobby's picture

"Where's the 300 when you need them?"


Lord Welligton's picture



And if any Greek is reading this welcome to hell.

You are now all slaves.

Arius's picture

first they came for the greeks....



DK Delta's picture

I see that you heard the speech from Kammenos