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Live Webcast From Syntagma Square: Summer Solstice/Vote Of Confidence Edition
Greek crowds which have already started to congregate at Syntagma square are probably not celebrating today's summer solstice. In fact, they are probably not celebrating anything, since after today's vote in which 155 ruling PASOK party members are expected to vote in favor of G-Pap's government reshuffle, all of them will end up far worse off than if they could merely devalue their currency and tell Europe's bankers and the ECB to shove it. Alas, courtesy of living in a quote unquote democracy, this vastly popular decision will likely never happen in a peaceful setting. So will today's latest protest session in front of the Parliament do anything to change an outcome which the market has already decided is certain and favorable? Below are is a live Greek webcast which may provide clues.
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Youll get a real rude awakening there Greeny smartass.
indeed---the latest video from Greece has just arrived:
http://www.youtube.com/watch?v=u-AVy8po_cA&feature=player_detailpage
And the beat goes on..Everybody dance now.
The real test will be if the workers will keep paying for the corrupy fascist thiefs. The fascist will vote to keep the game going to pay for the high life with the banksters.
"Nothing is destroyed, except by fire."
It's time to burn out the rot.
The forest is healthiest after a fire.
I'll play: "Fire purifies everything."
speaking of fire, today's the solstice, a great time for a ritual burn. i always find it fun to throw some singles in the BBQ just to watch the pyramid go up in smoke.
I thought the vote for austerity plan was (it is) scheduled for 28th, a week from now. Nice that this new IMF/EU minion knows the result already.
06-21 13:51: Greek fin.min says Greece to pass austerity plan, implementing laws by July 3I bet "How to build a Molotov Cocktail" was googled at a record pace over the past few days in Greece..Burn that building to the ground dear Greek friends!
Food stamps can't be used to buy alcohol or gasoline, the government is safe.
http://www.google.com/trends?q=Molotov
interestingly the mexicans seems to be dominating the trend.
Burning out the gringos in Cancun? How did I miss that story?
I wish, but it doesn't look to be the case.
http://www.google.com/trends?q=molotov+cocktail&ctab=0&geo=gr&geor=all&d...
interesting how ZH and its band of followers, who never for one minute, shut up about alleged fraud, are happy to overlook the fact that the Greek situation is solely the result of fraud by the Greek governments, and Greek people. the only role banks played was to hand over billions of EUR of investors/savers money, in the normal expectation that it might actually be paid back. as agreed.
as for the utter steaming bullshit expressed variously above that somehow the Greek government now in place is just 'voting for money', it might pay to remember that this is a socialist government, and they are voting for further austerity because if the cards do collapse, the lazy, fraudulent greek people might well end up in a depression.
Adjust that last sentence. Replace "might" with "are"
That’s a new concept isn’t it, alexanderstollznow? Innocent bankers?
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.
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 throughout the world.
Great information, JR.
Excellent post, sir.
I second your motion. Good facts JR.
http://www.zerohedge.com/article/titlos-llc-special-purpose-vehicle-downgrade-catalyst-trigger-which-will-destroy-greece
http://www.zerohedge.com/article/ecb-pushes-mad-button-asks-court-bar-greek-swap-disclosure-threatens-market-disruptions
I believe ZH was one of the first to note how the Greek Government lied and cheated its way into the EU.
And if you note on the first article it was those same banks (cough Goldman) that facilitated the lying and cheating and swapping that got Greece into the EU in the first place.
The banks didn't merely "hand the money over in the expectations that it would be paid back". The banks alll expect that they are backstopped by the ECB or the Fed now. That is called "moral hazard". And allows risk to be massively mispriced.
What the hell are you even talking about? Whenever I post on these Greek bailout articles that the Greek govt is pure corruption and the Greek people might also look to themselves and their 3 hour workdays and expectations of 6 months paid 'holiday' per year, and theyre voting on more money to prevent riots, not ward off a depression. Theyll get that no matter what!
"the only role banks played was to hand over billions of EUR of investors/savers money, in the normal expectation that it might actually be paid back."
Are you on fucking crack? or are you really that stupid?
BULL - SHIT
THEY (EUROPEAN POLITICIANS IN BRUSSELS) KNEW!!!!!!!!!
BRUSSELS IS A HUGE BLACK HOLE COMPARED TO ATHENS' POTHOLE.
THEY COUNT ON THE FACT THAT EVERYONE'S GOING TO PAY UP.
SEE MY REPLY ABOVE PLEASE!
the only role banks played was to hand over billions of EUR of investors/savers money, in the normal expectation that it might actually be paid back. as agreed.
Oh those poor innocent bankers. We should bail them out!
Looks like everyone is using PriceLine (PCLN) to book a trip to Greece for the riots.
Maybe Bernanke will bail them out.
Umm....criminal syndicate Wall Street banker's seem to have forgotten to program into their algo's the effect of Molotov cocktails on intraday paper profits if these buffoon Greek politicians dare to cross the populace on the cabinet reshuffle.
Either that, or we must be down to the Chinese algo's now...in which case the brotherhood should start scalping operations ASAP.
Screw their obvious POMO forced ramp to park ES over 150 ma, Im sick of these fakers trying to keep their hot air zeppelin afloat, even when everyone on the ground looking us is saying 'that damn thing is going to crash and burn'. Nah as long as theres more duct tape and bubble gum, theyll fight to keep the crap up because floating bubbles is the ONLY way these criminals know how to make a living for themselves!
I'm with you. Credibility, in all directions, has died...and these boneheaded bankers keep the perpetual bullish commentary running right into the moment Truth arrives in Greece.
It only serves to prove how fraudulent the markets are, the way these algorithms match lot trade all day, despite the '34 rule, seamlessly rolling from long an equity to short at the bell...without ever losing control of their shares or being at risk after the close.
Rigged casino. Ponzi. And no one is buying it...and yet the daily BS session and the ETF ramps, the futures, lifting into options printing..."global growth" and "buying opportunities" and the whole freak show.
Pink slips, please. Free the markets again, please.
You guys sound like you're about to throw in the towel on the crash&burn scenario just prior to the kickoff of the festivities.
Be patient.
--Sir Isaac Newton
+1
I find it hard to sympathize with the Greek people. They are as communist as it gets. I feel for the German people. Who are forced to pay for this nonsense with actual free market productivity. I hope the crowds overwhelm the govt. The Euro collapses and Greece goes to hell, with the bankers. They are one in the same and all the parasites in the Euro bureaucracy must be so upset. F em
I'd love to see the dollar shoot up to 77 overnite and see what that does to their precious stawk futures.
Keep dreaming, nobody needs this POS, Dollar can shoot down to
67 Instead more likely,
Perhabs CHF or JPY can benefit, - Dullah is dead long time ago.
Well see what you assclowns think if this goes bad overnite and the Euro takes a severe beating.
I don't need to see, I know, I'm long EUR
Tomorrow look for $1.45-1.46. Dude, you are
reading too much ZH, at least look for alternatives
to create realistic picture.. Cannot always read doom and gloom
scenarios, I've been hearing this since 2003.. If you short since
then, look how much you miss.. Nevermind, for you type
it doesn't matter. You should trade what you see and not what
you hear or believe, - got it??? "This should go there and that
should do that and this" - doesn't work that way.. Learn how
to trade..
Well what i see now is a short squeeze and hopium on the FED providing another hit tmr.
With markets so thin, good luck getting out if banana ben doesnt deliver the goods.
The risk profilt to a long EUR position right now is incremental upside with fire in the theater downside.
You may be right and the banana man delivers, but i wouldnt want to be on the wrong side of the boat on this one.
We'll see how much youre talking about your long Euro 1.46 real soon.
DXY will never see 77 again, unless aliens take every ounce of gold and silver off the planet.
Hell it almost reached it a couple weeks ago!
One need not sympathize with them to also support them in their current efforts at stopping additional bailouts. They are not asking for more EU money, they are demanding their politicians stop taking it. That is the proper course of action. The Greeks will have to live with their excesses no matter what, but stopping the endless monetary madness now is the right thing to do.
They're demonstrating because they don't want the austerity cuts that come with the loan from the EU. It's not that they give a shit about taking more money, they don't... what they really don't want is for someone to take away their handouts.
I thought that was the case also, but it is not. THEY WANT TO REJECT THE EU LOANS. They know they are getting austerity either way, what they don't want is to be under the boot of endless interest servicing forever, which is what the result would be of more bailouts. Of course they want their handouts, but they know they are losing them eitehr way.
Really?! Are they also willing to go to work and pay taxes?
And do without their 6 month yearly paid holidays and 3 hour 'work days'?
Way to play right into the scenario presented to you by the MSM, it never is about black and white, they make it that way so you dont see all the problems in the grey. Question the greek people's work ethic instead of the EU as a whole? Question the millions of homeowners underwater instead of the deliberate actions of the banks to put them there? No different than the repub-dem conservative-progressive paradigms that don't mean shit and only exist to subvert your attention from the underlying problems. Divide and conquer. Fucking sheep.
<sarc>Worthless lazy Americans only working 50 hours a week and getting paid for 40, fuck them and their week of sick pay, if you get sick you should be fired or kill yourself so you dont drain the system. Two weeks paid vacation, fucking luxurious lazy bastards. Only two people in the household working? Put those lazy fucking kids to work. Kids all around the world work, why should americans be special?
</sarc>
Or maybe they will say: F@!# americans and their 1+ Trillion military. And their 90+ weeks of unemplyment. And 80+ billion in food stamps that are being resold on Craigslist. And Section 8 families who have had the goverment pay for their housing for generations
Thats right! Its ALL a black hole! As goes Greece so goes the USA except 100 times worse at the next turn in the road, its not far off!
Regardless if they are or not, that's their problem, and they are willing to deal with it instead of selling off their monuments and putting every penny toward endless debt service.
One of the reasons nations enjoy sovereignty is because they can license and recognize non persons as taxpayers. By recognizing companies and licensing them to function within their jurisdiction, they can impose the duty of paying taxes for the privilege of conducting a commercial enterprise with their citizens.
Somewhere along the line, (in the US-1913), the roles were reversed and sovereign citizens found their previous life of "free citizen" be redefined as "taxpayer". Corporations now enjoy sovereignty in the form of tax free / deductible expenses / etc.
That's the way it is in the looking glass.
Unfortunately, people are losing sympathy and compassion for others around the world. That will only bring more chaos and poverty.
http://livingstrongandhappy.blogspot.com/2011/06/us-san-diego-downtown-homeless.html
Thanks Tyler, for all the work you do on ZH.
Greatly appreciated.
I absolutely agree. Thank you so much. +100
The perfect Greek theme song for today.
The Clash- Should I stay or should I go
http://www.youtube.com/watch?v=LZk_HnE-cdU
Where's the Greek army? Couple of tank rounds into the front door of that joint might change a few votes. No?
Greek army is being privatized along with the next election.
Here's your ANSWER! BILLIONS and BILLIONS of weapons.
BIGGEST IMPORTER of weapons in Europe. Militairy Industrial Complex (european branch).
http://www.youtube.com/watch?v=8aft8VOAhMA
Recognise the fat bloke with the dog face? He's now minister of finance.
we.are.so.screwed
great reading on greece, this guy is telling some important stuff
Democracy vs Mythology: The Battle in Syntagma Square-Must Read
great article, thanks for sharing.
My mother, who is nearly 70, who worked all her life for the Archaeology Department of the Ministry of Culture, who paid tax, national insurance and pension contributions for over 45 years, deducted at the source (as they are for the vast majority of decent hard-working people – it is the rich that can evade), has had her pension cut to less than £400 a month. She faces the same rampantly inflationary energy and food prices as the rest of Europe.
A good friend’s grandad, Panagiotis K., fought a war 70 years ago – on the same side as the rest of Western democracy. He returned and worked 50 years in a shipyard, paid his taxes, built his pension. At the age of 87 he has had to move back to his village so he can work his “pervoli” – a small arable garden – planting vegetables and keeping four chickens. So that he and his 83 year old wife might have something to eat.
Evidentlythese folks didn't get the memo. Only ones supposed to live past 65 are bankers. Everyone else is if not physically dead is to at least be actuarily dead.
We can't let Greece default!! We're not finished fleecing the proles.
The digital agenda... A revolution in the making
http://www.youtube.com/watch?v=fSqdOFmGOXc
I'm laughing my ass off watching the stupid asshole Greek & European politicians squirm. They haven't figured it out yet, but they'll be squirmimg until they get rid of the greedy asshole bankers.
Dude they are "squirming" for your viewing pleasure.
How's those taxes and inflation working out for you?
And how much of their free money are the bankers giving you?
I just dont get how the mainstream doesn't see this...
http://collegemessiah.blogspot.com/2011/06/this-is-radio-nowhere.html
"... is there anybody alive out there?"
Remember the period in Greece when the so-called "Colonels" ran the place after pulling a CIA-backed coup? One of the worst reigns of terror ever - until the Khymer Rouge set a new standard. Anyone who thinks that the Greek military is going to stand by and watch the country go down the tubes doesn't know Greek history. Very, very soon I look for Parliament to be arrested, top government officials to be tried before secret military tribunals and hung in the space of a few hours, a few hours, a couple of thousand demonstrators killed in the streets, media shut down, airports closed, foreigners expelled and their property confiscated (hope you didn't think you were going to actually keep that island you bought), universities, non-essential businesses, and all foreign banks closed, and voila - Greece will be saved once again. Oh - and all external debt will be wiped off the books. Tough luck Deutchlanders.
Sounds like a pinkos wet dream. But it is just a dream. A rat has a few secods of fight in it, but nothing like your dream requires.
Good luck with that scenario. Cold war is over, you know.
And by the way, at some point the debt will have to be "rescheduled". Not because the banks want it, but because there is no other choice.
Bought TVIX at 21 this morning. Just wondering, since it's an ETN with no principle protection, if anyone has heard anything about velocity share, or has a better way for me to go long the VIX?
I've owned it before. It is a day-trader. Be careful.
I personally think a better option would be options on the VIX.
Γι?ργος Παπανδρ?ου, Αγγλικ? πρ?κτορα! Προδ?της ! Μαλ?κα!
ΑΠΟΛΑΥΣΤΕ ΤΑ ΚΑΛΥΤΕΡΑ ΤΗΣ ΓΗΣ ΖΗΤΩ Η? ΕΛΛ?ΔΑ!Bombshell: Accusations of Treason in the Greek Parliament http://coveringdelta.wordpress.com/2011/05/29/accusations-of-treason-in-the-greek-parliament/
Greece: The Curse of Three Generations of Papandreou’s http://www.voltairenet.org/article164586.html
Kiriakos Tobras: The Greek Sovereign Debt Financial Scam http://maxkeiser.com/2011/06/05/kiriakos-tobras-the-greek-sovereign-debt-financial-scam
http://www.myfoxchicago.com/dpp/news/politics/governor-pat-quinn-state-w...
So.......where's the outrage? Why aren't the unions shutting down Springfield?
Reminds me of the first TARP vote. May go as badly too to reinforce the importance of the GReeks complying with Imperial Banker Edicts.
Fool me once, shame on you. Fool my twice...
Greek PM faces crucial confidence vote
Tuesday, June 21, 2011
Greek opposition leader Antonis Samaras repeated Tuesday night that he will not back the [austerity] program [to be voted on separately next week] because he believes it is not working.
"We mean what we say. We will not give consensus to a mistake," he said during the debate on the confidence motion. "The austerity program, simply will not work. It did not work because it is the wrong recipe. It's not implementation that's the problem, it's the recipe."
Samaras has said he backs efforts to cut the deficit and debt, but insists this must be done by revitalizing the economy and cutting taxes.
http://www.newstimes.com/news/article/Greek-PM-faces-crucial-confidence-vote-1431372.php#ixzz1PwdKho6w
They can change the government all they want as long as they still default in the best interests of Greece.
Is this the EU's last ditch effort to install politicians willing to sell out their own people? How much will that cost them?
Who's the moron sitting in the top red circle of the 4th concentric circle that voted "NAI" and went Green? What an asshole.
Holy Smokes--he switched his vote! Now he's "OXI" and black. I knew he'd come to his sense.
If someone votes yes by mistake does that make them an OXI-moron...??
No surprises ended at dawn on Wednesday the apparent roll call vote on the vote of confidence in government, with 155 “yes” and 143 “no”.
THIS λ?πος μαλ?κας JUST HANDED OVER GREECE TO THE NEW WORLD ORDER http://www.sigmalive.com/files/imagecache/full_image/files/node_images/8/5/4/394854/bbc7.jpg
Greek Deputy Prime Minister and Minister of Finance, Mr. E. Venizelos: “A new tax system would put an end to tax injustice” http://translate.google.com/translate?u=http%3A%2F%2Fwww.sigmalive.com%2Fnews%2Fgreece%2F394854&sl=el&tl=en&hl=&ie=UTF-8
Greeks are the first Serfs of the new Feudal Order coming to all of us.
As this vote shows, governments really don't matter anymore as the fascists/Oligarchs/Owners always have enough votes to get everything and anything they want.
Now to watch how the Greek people handle it and how this disease spreads to the other similar countries as it works its way to the USA.
Greek government survives confidence vote http://www.bbc.co.uk/news/world-13869428
The big parliamentary vote hurdle is scheduled for Tuesday – with the cuts for the austerity measures Papandreou's government needs for its multibillion bailout of the TBTFs.
I think there’s a good chance they won’t get it. Deutsche Bank Chief Josef Ackermann's argument against restructuring the Greek debt because “it would force investors — and banks — to share Greece’s pain,” is not popular with the people.
According to the NY Times: Ackermann has "called on European governments to devise a ‘Marshall Plan’ for Greece that would offer more aid, while forcing the country to sell billions of euros’ worth of state assets, and provide a framework for rebuilding its economy.
“Any restructuring, Mr. Ackermann cautions, could be even worse than the crisis brought on by Lehman’s collapse. It could threaten the stability of major financial institutions, as well as the European Central Bank, which hold huge amounts of Greek debt, he says.”
Why do I continue to get the feeling that the majority of us are headed for tent city, the US will keep crashing, the same assholes stay in power making their billions, all the while telling us 10 years from now the recovery is just around the corner?
The global elite plan our elimination.
They believe in eugenics.
And they think of themselves as the chosen few.
looks like people are getting out of the square quiet as being defeated. Like there is no democracy left. Tomorrow there is discussion and regrouping, weeks of protest are not put down by a show of anti democracy. It's like taking position like the big money but different. Masses can take down every system