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Greek Protests Resume Now That Vacations Are Over
As Zero Hedge has long expected, now that the summer vacations are over, and the credit card invoices come in the mail, the Greek unions "are back on the street" since unlike the US, they don't have the FHA doing all it can to reflate their bubble (although we probably should not give the Department of Bubble Creation any ideas). Bloomberg has an update on the festivities in the Greek streets, which are once again full with (soon to be) unemployed and disgruntled public workers, and tax avoiders. Since these clips are eerily reminiscent of what was seen on live TV around the days when some real price discovery was allowed in stocks on May 6, don't expect to see them broadcast on such media discount outlets as CNBC. Amusingly enough, we learn that Greek PM Papandreou is now betting it all on... solars.
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Welcome back from the vacation!
Just in time for the new IMF inspections.
ATHENS (MNI) - Officials from the European Commission, the European Central Bank and the International Monetary Fund will embark Monday on a new round of inspections in Greece to measure the progress made on implementing fiscal austerity measures agreed in exchange for the E110 billion emergency loan facility signed last May.
http://imarketnews.com/node/19089
October fest
Yez, tzere will be rajots!
http://www.young-germany.de/fileadmin/festplatte/bilder/Bilderstrecke/Oktoberfest2006/Oktoberfest_by_photocase_user_aleta.jpg
LMAO
This is Sparta!
lol
Leo,
Solars!
See, and I didn't need to say 'bitchez'...oh, bum...
DavidC
This Solars thing PISSES ME OFF *SO MUCH* because Greece has one of the LARGEST HydroElectric & Wind development potential in the world. There's you [Island] economy YOU FUCKWADS!
Sorry about language
1:10 from the end of the video it mentions 'green industries' and not solar specifically.
Tyler was jus' 'avin a giraffe.
if its anything but nuclear, its a waste of time.
betting on green energy..how dumb can these people be ?
Greece needs to default, its in their best interest
How come there is little mention of geothermal in most discussions of energy?
I'm not studied in the matter but it sure looks like it has potential.
Considering Santorini's history you may have a point... all be it a risky on.
Heh, has anyone ever seen GPap and Leo at the same time? Solars? What are the odds?
Grecian Formula bitchez...LOL.
I've always said Leo knew what he was talking about. Always. Really.....
Well, it's good to know what the national pastime is becoming.
I can't wait to hear various snide and derogatory comments from pacified (fellow) Americans (as well as other nationalities) about the overfed and pampered Greeks rioting in the streets.
"Silly Greeks, don't you know how to be satisfied with your banking masters crumbs."
<sarcasm off>
In fairness, CD, suggest you read Michael Lewis' article at www.vanityfair.com on Greece. These guys are not exactly a poor bunch of bamboozled innocents either. Just sayin' and the article is great reading.
Agreed - excellent article.
Oh yeah, Michael Lewis visited Greece for 5 days, spoke to a sample of 10 people and came away knowing what the Greek culture, society, economy and political system are all about.
Get a grip, the article had some basis in fact in some areas but was also full of gross misrepresentations.
(Disclosure: I was stationed in Greece for 2 years as a plant manager for Siemens Electronics)
Thanks for the link.
In fairness, there is plenty of blame to go around. My point is that regardless of the righteous indignation displayed by the Greeks over their present situation, they are doing something many of us Americans would never dream of doing. And that is to protest in large numbers (say 5 or 10% of the population) against the ruling elites.
I find it the height of hypocrisy that my fellow overfed and pampered Americans would be calling anyone else names or to be pointing fingers. Yet during the spring riots, that's what I heard here on ZH and other web sites, in the papers and in my neighborhood.
And yet we Americans are Gods gift to the world and thus there is no hypocrisy, just unmitigated and unvarnished truth that's always uttered by us. The American Empire and its military, minions and servants are never wrong.
CD, about 95 % of Americans live in denial of the reality surrounding them. Why protest when nothing is wrong?
And thus the reason for my articles on human psychology and denial.
But I'm getting the sense that more and more people are beginning to wake up to the fact that they've been had by the bankers and Congress. But denial dictates that the solution is to go deeper in denial and engage in screaming about the latest (psyops) news, the so-called Muslim mosque near ground zero. And let's not forget week one of the of 2010 NFL season.
I guess you can't blame the lion for going after red meat on the hoof.
Honestly Cogs, I think the only thing that will get people out into the streets is higher energy prices. (Which of course translates into much higher prices for a lot of goods, seeing how petro-centric our nation is.)
The camels back will snap, just don't know which particular straw will do it.
Rarely do people willingly move from a perceived comfortable position to one of pain, even when the place of comfort is painful. The guiding principal of denial is to mitigate, minimize, rationalize and justify the pain of the here and now while exaggerating the pain of anywhere else but "here and now".
We would rather suffer an incremental increase of pain that comes with the devil we know than to deal with an unknown amount of pain we have convinced ourselves is part and parcel with the unknown. Thus we are frozen in our tracks. Or more accurately, everyone else is. I'm not the problem, everyone else is.
Only pain much greater than currently experienced will move many people to question their reality. As I've said so many times before, people will only act as if they have nothing left to lose when they have nothing left to lose. Sadly, by that point, nothing will be gained by acting as if thay have nothing left to lose because they will have lost it all.
This can only be done to us if we chose to isolate ourselves from others. And we do this by believing that we aren't the problem and thus we don't need to do anything about it. It's you, not me.
'better the devil you know than the devil you don't'
I agree with your comment. The PTB have done an excellent job ensuring that most debt slaves are not capable of taking care of themselves. Therefore, they are dependent on the current system staying in place.
How many people buy their dinner at a store/restaurant every night? How many days of food and water do most people have "stocked up"? How many days of food are there in distribution system? What about medicine that is doled out on a weekly basis?
It is my belief that the system will be propped up by the masters AND the servants both for as long as possible, with any number of twists and turns along the way. It will work until it won't anymore...
Reading "One Second After" is on my to-do list...
"The American Empire and its military, minions and servants are never wrong."
As a dedicated minion, I thank you for your support.
You sure you're not the servant?
Minion, servant: no real difference.
LOL
Actually to we slaves, there's a world of difference being called a minion or a servant. As long as we can keep our false pride, there's no limit to the humiliation we will accept.
Hey, CD, a little time in the military will extinguish that false pride thingie. Works every time. How 'bout conscription -- of some sort that requires the building of discipline. To the reasonable and intelligent it's a gift that keeps on giving. To the "minions" among us it's the catalyst that allows military to fire on its fellow citizens. Works both ways.
BTW: "Actually to we slaves...". The objective case is "us".
I always enjoy your perspective.
I tried "us" and then put in "we" because it "looked" right. I don't need no stinking grammar rules. :>)
From the article:
But they learned to riot. Greeks are smart, when you have US$ 250,000 of debt per capita, the ability to stage a good riot will serve you in average better than Pavlovian dog's reflex to pay taxes.
Most Americans are too busy guzzling beer and and screaming at feetsball to care much about Greece.
"Most Americans are too busy guzzling beer and and screaming at feetsball to care much about [Their Futures] (Greece)."
(suggestion for removal)
[suggested addition]
There, I think that is more cutting, don't you?
Most Americans think Greece is somewhere in Illinois. Just sayin'.
Our credit quality is about the same...
LMAO...
Our credit quality is much worse; it is the lying, propaganda, tricks, and false-hoods that are better than across the pond.
Isn't Greece the black sticky gunk that drips off cars?
As the Buddha once said "If its dripping, it's oil. If its sticking, it's Greece". :>)
Depends on the heat I think. Apply some heat and you get variable results.
Well yes... but most Americans know it has the stuff dripping off their triple bacon cheeseburgers w/ extra bacon.
Would you like a litre o' cola with that?
"Isn't Greece what I fry my eggs in? Oh' look, the bacon is almost done, move along now, time to feast."
+100
I just don't understand why Greece doesn't accept a lower standard of living that the banksters want them to have. It's almost like they don't trust the banksters, unlike the conservative commenters at ZH.
[/snark]
dancing to the music
played by the D.J.
on the radio
The Cokes are in the icebox,
popcorn's on the table
Me and my baby, yeah,
we're out here on the floor, oh yeah
So, Mister, Mr. D.J.
keep those records playing
coz I'm having
such a good time,
dancing with my baby
Everybody's swinging,
Sally's doing that twist now
If you playrequests now,
I've got a few for you
Play that one called "Soul Twist".
Play that one called "I Know"
Don't forget them "Mashed Potatoe"
no other songs will do
So, Mister, Mr. D.J.
keep those records playing
coz I'm having
such a good time,
dancing with my baby
Having a party
So, Mister, Mr. D.J.
keep those records playing
coz I'm having
such a good time,
dancing with my baby
Having a party
Everybody's swinging
dancing to the music
on the radio
Yeah
We're having a party
Everybody's swinging
dancing to the music
yeah
on the radio
bring it way down now
We're having a party
Everybody's swinging
dancing to the music
on the radio
We're having a party
Everybody's swinging
dancing to the music
where is it
on the radio
just two more times
We're having a party
Everybody's swinging
dancing to the music
on the radio
We're having a party
Everybody's swinging
dancing to the music
on the radio
Yeah, yeah, oh oh
Junking Sam Cooke is blasphemy.
Amusingly enough, we learn that Greek PM Papandreou is now betting it all on... solars.
LMAO! Great work Leo.
market rally as blinders are on full deflection.
Anyone crazy enough to be buying the unwarranted ramp this morning deserves to get their head cut off. This market is more amusing than watching Comedy Central.
Volume in Rimm just went over 4 million(Average-18 million) in the first 30 minutes of trading.
Intel & the semi's are all up the only sector that had not rebounded since last tuesday...
Hopium is filling the hallowed halls on wall street ..
RIOT DOG!
The oligarchs are using the unions in Greece, UK and elsewhere (and later in the US) to pressure the governments into more borrowing, more taxes and, ultimately, more [former] middle class poverty - rather than reduced spending or reduced government payrolls. It's all part of the plan.
The End Game is martial law and indentured servitude to pay off the debts (mortgages, student loans, car loans, credit card balances, unpaid onerous new taxes, business losses, etc).
I wonder which country will be first............
You don't know Greeks very well. The end game is that one day the common man will say "OXI". Which means NO. They will default and the pain will stop. This will should happen before next Easter.
I do know the Greeks very well, and have also had enjoyable times there. Crete is one of my favourite places.
And I agree with you that the Greeks won't take too kindly to martial law ... IF it is the first to go that way. I doubt that it will be the first though - because the government would have bugger all chance of collecting the taxes or debts anyway.
"They will default and the pain will stop."
Really? The Germans just might let them default but it won't be to end their pain. And just in time for Easter?...interesting timing relative to concepts of pain, death and rebirth.
"price discovery" is somethgin that takes place in the market on a daily basis and not just on the days where it agrees with your bias
http://upload.wikimedia.org/wikipedia/commons/d/d7/Prime_Minister_of_Gre...
....."I George Papandreiou Presidente Of Greece declare to the people of this great country that a backyard swimming pool is to be built for every home.I swear that every home will have a solar power heated pool free of all taxes before i leave office......I also promise to the people of Greece that I will increase the pension retirement age up to 120 and to end all early pension entitlements.If the people of this great country rise up against my AssCharity measures i will personally shoot the bastards myself"
Updated DOW weekly chart:
http://stockmarket618.wordpress.com
That has got to be one of the most f**ked up headlines I have ever seen.
Tanned, rested & ready ;-)
Greek PM betting it all on solars....so Leo is actually Greece's PM??
Norway is adament that Greece wont default...they seem to know something that we dont....
Also Leo's uncle in Greece, said everything is fine.
"Norway is adament that Greece wont default..."
You probably have no idea, but it's PARTY...TIME!!! in Norway.
Mr. Slyngstad and Mr. Johnsen are jumping of joy chanting "We got the whole world in our hands....."
They are laughing all the way to (and with) the bank because of their high-yielding bets on these PIGS not defaulting.
"Masters of the Universe" and modern day "Nostradamuses" is what these fine Norwegian gentlemen are.
I hope the people of Norway can find lampposts strong and tall enough when these piggies meet up with reality.
LMAO
Thanks for the solar powered reference Tyler it gave me a good laugh. As to other developments I read this on notayesmanseconomics.
"Greece has announced a cut in taxes on retained earnings for companies to 20 percent in 2011 from 24 percent. In addition the Prime Minister has given the Finance Minister permission to consider alternatives to planned rises the amount of Value Added Tax collected for next year amounting to some one billion Euros."
So we may well be seeing some backtracking on austerity in Greece,sound familiar anyone?
http://notayesmanseconomics.wordpress.com
Former president of the European Commission and former Prime Minister of Italy is discussing the New World Order in Hong Kong today, Sep 14th.
http://www.ceibs.edu/today/events/55839.shtml
I like your crumbling facade avatar.
Just freaking fire them all.