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Meet Keratea: Greece's War Zone

Tyler Durden's picture


One of the more interesting "war zones" that most have never heard of is not in North Africe, nor in the Middle East, but in Greece. Meet Keratea, a small city of 15,000 people located close to Athens, where after over 100 days of struggle between authorities and the broder population, the riot police has officially decided to abdicate the city to its fate in what is the first popular mini-revolution in the developed world. From the Independent: "As explosions boom, the town's loudspeakers blare: "Attention! Attention! We are under attack!" Air-raid sirens wail through the streets, mingling with the frantic clanging of church bells. Clouds of tear gas waft between houses as helmeted riot police move in to push back the rebels. This isn't a war zone, but a small town just outside Athens. And while its fight is about a rubbish dump, it captures Greece's angry mood over its devastated economy. As unemployment rises and austerity bites ever harder, tempers seem to fray faster in Greece, with citizens of all stripes thumbing their noses at authority. Some refuse to pay increased highway tolls and public transport tickets. There has been a rise in politicians being heckled and even assaulted. Yesterday, in Thessalonika, scores of activists were arrested after violent clashes with police." Meet the new and improved face of austerity: now in a small town in Greece, which is about to default all over again, and soon in many other places in the increasingly more insolvent European periphery.

The anger is most palpable in Keratea, a town of 15,000 people 30 miles south of Athens which appears to have spun out of control. The state's attempt to start work on a planned landfill site on a nearby hillside in December caused locals to set fire to construction vehicles and erect massive roadblocks on a road that bypasses the town and runs to the capital. It's a fight that has galvanised the town, from the mayor and the local priest to shopkeepers, farmers, schoolteachers and teenagers.

Within hours, the confrontation degenerated. Masked youths hurled firebombs and rocks at riot police, who responded with rubber batons and repeated volleys of tear gas. A police helicopter circled overhead. "The town is out of control. Business activity has stopped," said Yannis Adamis, a resident and mechanical engineer. "The stores are closed. The sirens are blaring, the [church] bells are ringing, people are on the streets. This cannot continue."

In nearby streets, gaggles of teenage girls, cut lemons held to their noses to ward off tear gas, mingled with young men in balaclavas, stocking up on rocks to throw at police. An elderly man wielding a shepherd's staff stormed past. "We've learned at the age of 60 about Molotov cocktails," he thundered through his gas mask – an accessory sported by young and old alike. He would give only his first name, Panagiotis. By the end of the night, more than 20 people – including three riot policemen – had been treated in hospital. Just after midnight, a police officer's home was attacked with firebombs, leaving three cars destroyed. The officer and his wife, who is also in the police force, and their four children were home at the time but unharmed, police said.

The city's fate had been to be relegated to an Athens trash dump expansion:

A government spokesman, Giorgos Petalotis, condemned the violence, and
said the government had no intention of abandoning its plans to build
the landfill site, which it said would ease problems at Athens's single
rubbish dump. "We are the only authority that has comprehensive plans
for [greater Athens] regional development. We will not abandon the
effort that has been made and is currently being made to build this new
facility," he said.

That fate is now over: As Occupied London reports, the city is now in the hand of the rioters.

As announced a few hours ago, the ministry of citizen protection announced its plan to withdraw all police forces from Ovriokastro and Keratea. It has also been decided that the construction machinery will be withdrawn from the area and that the ministry of environment will enter into negotiations with the municipality.

At 17.08 GMT+2, the largest part of the riot police forces had withdrawn from Keratea.

There is a feeling of victory running across the barricades of Keratea as the police buses leave. Is this a victory for the people of Keratea? Or a tactical move on the side of the government, ahead of the easter break?

So what happens next, aside from Athens being forced to breathe in its own squalor? As more see the example of the Keratea rebellion, ever more of the population first in Greece, and soon in other "oppressed" by austerity countries will resort to the same methods. What does this mean for economic growth in Europe. We will likely discover soon enough although not before the sellside advises us how this is all very bullish for long term growth. After all, think of all the Keynesian economic boosts and inventory destocking provided from constantly replacing Molotov cocktail ingredients.

In other words, get familiar with this imagery...

h/t dnarby


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Wed, 04/20/2011 - 17:43 | 1190092 MiguelitoRaton
MiguelitoRaton's picture

revolt, bitchez

Wed, 04/20/2011 - 17:53 | 1190143 pesamystik
Wed, 04/20/2011 - 17:57 | 1190160 redpill
redpill's picture

Vyacheslav Mikhailovich Molotov could have never possibly imagined that his name would be forever ironically linked with the concept of struggle against authority.

Wed, 04/20/2011 - 21:44 | 1190786 serotonindumptruck
serotonindumptruck's picture

It's somewhat refreshing to read about the basic formula/composition of such a simple and effective improvised incindiary device...on Wikipedia.

I have some suggestions for enhanced effectiveness of these particular weapons, however perhaps I should refrain from stating them here, out of respect for Tyler. Wiki mentions several ingredients that are known to increase efficacy, such as simple detergents or pieces of vulcanized rubber.

Do your own DD on this topic.

Wed, 04/20/2011 - 18:02 | 1190174 pesamystik
pesamystik's picture

This video also rocks, night and day they battled the Greek riot police in Karetea with lasers and molotovs. Low-tech but highly effective.

No American Idol in Greece. What the fuck do they put in the water over there? These people do not fuck around.

Wed, 04/20/2011 - 18:38 | 1190300 OldTrooper
OldTrooper's picture

I don't know, but they've been drinking it for a while.  Just ask Darius or Xerxes.  It's nice to see people who refuse to back down.  There may be hope for humans after all.

Wed, 04/20/2011 - 18:50 | 1190342 Worker Bee
Worker Bee's picture

More power to them...never happen here though.

Thu, 04/21/2011 - 01:06 | 1191317 Problem Is
Problem Is's picture

Cut off the beer, donuts and the cable and it might...

Wed, 04/20/2011 - 21:32 | 1190756 steve2241
steve2241's picture

They certainly have been drinking it for a while. The family of one of my parent's hail from Greece. I remember visiting the country almost twenty years ago. The impression I was left with is that they all seemed to be arguing with one another! Maybe it has to do with a culture of bargaining for all/most/some of their daily needs. As opposed to the United States, where we pay whatever the price tag says. One is a society that breeds passivity, the other NOT. Greece is also a country in which it tops the charts, worldwide, in tobacco consumption. The side effect of nicotine is distinctly not passivity. That's my take on the situation.

Thu, 04/21/2011 - 00:29 | 1191260 Dorotheo Arango
Dorotheo Arango's picture

What the fuck do they put in the water over there?

Think again, its is more like -What the fuck do they don't put in the water over there?- Greeks are just well fed humans.

The old dominant species of the planet. If you don't have the strength to fight back, check your food and water... You will be surprised.

Wed, 04/20/2011 - 18:33 | 1190281 Creed
Creed's picture

pigs? what are you, a 60's reject?

Wed, 04/20/2011 - 18:44 | 1190320 andybev01
andybev01's picture

Probably a fan of Angry Birds.

Wed, 04/20/2011 - 19:10 | 1190388 nmewn
nmewn's picture

Everything old is new again...people with flowers in their hair up next, denouncing all violence, after burning everything around them's a commune-icable disease...or sumpin ;-)

Wed, 04/20/2011 - 19:40 | 1190471 Chuck Walla
Chuck Walla's picture

Oh, the triumphal return of Billy the Bomber Ayres! Friend of Communist Revolutionaries and Presidents alike!

Wed, 04/20/2011 - 20:10 | 1190540 nmewn
nmewn's picture

Seems so.

It's like whaaa?...all this lavish state debt issuance has some consequence?...but what about all my stuff?

Wed, 04/20/2011 - 19:56 | 1190509 Bendromeda Strain
Bendromeda Strain's picture

Stop! Hey, what's that sound?

Wed, 04/20/2011 - 22:45 | 1190973 pesamystik
pesamystik's picture

Pigs are officers who take the wrong side of the law. These officers are not looking out for their fellow citizens, they're only there to serve and protect the interests of the people looking to install a landfill pretty god damn close to a major town in Greece.

The majority of Greek police are pigs. Instead of turning on their masters and storming parliament where the real criminals are, they turn on their fellow citizens.

This is why we call police pigs. They look up the shoplifters and let the big fish get away scott free.

Wed, 04/20/2011 - 20:18 | 1190552 New_Meat
New_Meat's picture

pisses me off on so many levels. - Ned

Wed, 04/20/2011 - 23:33 | 1191145 vxpatel
vxpatel's picture

It's nice to see civilians with the will to power to fight back against heavily armed thugs.

Thu, 04/21/2011 - 03:02 | 1191497 Sudden Debt
Sudden Debt's picture

They where blindsighted untill the end.

The frauds took the money and gave them change to shut up AND THEY DID.

Now the frauds have left the country and it's in ruins.


To little To late....



Wed, 04/20/2011 - 19:52 | 1190500 Bob
Bob's picture

We take our your trash . . . we guard you while you sleep . . . do not fuck with us.

Wed, 04/20/2011 - 23:07 | 1191054 srelf
srelf's picture

Is that a quote from MLK during the Memphis sanitation workers strike?

Wed, 04/20/2011 - 20:49 | 1190642 FIAT_FixItAgainTony
FIAT_FixItAgainTony's picture

amen to that!  come on america, fester up some testicles already!

rEvoLt bItcHeZ !

Wed, 04/20/2011 - 23:08 | 1191047 srelf
srelf's picture



Wed, 04/20/2011 - 17:45 | 1190101 Sutton
Sutton's picture

It's all coming here.

Our children are not getting the bill.

We are.

Wed, 04/20/2011 - 17:50 | 1190119 cossack55
cossack55's picture

I am more than ready to pay. I'm looking forward to it.  Actually its more of a payback.

Wed, 04/20/2011 - 18:52 | 1190344 readytoleave
readytoleave's picture

cossack --- I hope that your opinion is shared by many.....


I hope that there are thousands of strong men and women truly ready to restore the greatest nation to its people. 


I hope that all reading these posts share their insight with everyone…..


The hard working -- decent people of this nation are going to have to fight to take it back.  Right here --- in our states, in our towns, in our backyards.


This isn’t just payback -- we can’t leave this mess to our children – we have to start the fight now…

Wed, 04/20/2011 - 19:37 | 1190455 Blotsky
Blotsky's picture

Who do the police officers care about most in a situation like this? Themselves and their family. Not you and not me. Because no matter what anyone says, in the end when the common folk are without a home or food, the "Good ole Boys" will be taken care of, as long as they "keep the peace".

I would gladly take up against those who say they are there to "serve and protect" because you can bet your bottom dollar that the "Good ole Boys" will be there to "serve and protect" TPTB not us. So when it does get here, remember who it is that gets screwed in the end.

Wed, 04/20/2011 - 20:20 | 1190558 eatthebanksters
eatthebanksters's picture

When the shit hits the fan, the police and military will wait for it all to burn itself out before they move in...just like the Rodney King riots...they know you can't stop an avalanche once it starts.  When the killing is done and things have cooled down, they will move in to maintain the new order.  Make your plans...hopefully this never comes to pass, but the the probability now is much greater than it was 12 months ago...if you own a home you have insurance, eh?   So why not make your own policy?

Wed, 04/20/2011 - 21:01 | 1190672 FIAT_FixItAgainTony
FIAT_FixItAgainTony's picture

yep, it's on.  it's been on.  in the states where the union bargaining rights are being taken away, it is easier to have the police on our side.

you can present a very convincing arguement to a policeman by starting off the conversation with how you think their union is being screwed and you don't think it's fair to those who risk their lives to protect.

they can't answer poorly to the statement, whether you believe in your statement or not.  starting points.  always useful.

this can be done and to get started one needs to turn off the damn tee vee!

police on our side helps immensely.  thanks to the politicians, they made our job easier for us.

funny how this all works to a full circle isn't it?

Wed, 04/20/2011 - 22:28 | 1190917 serotonindumptruck
serotonindumptruck's picture

I've worked a great deal of emergency incidences with LEO's. There's a good reason why people choose to make a career of law enforcement. It's because, for the most part, they're too incompetent to do anything else for a living. If there's one thing I can tell people, it's that most all LEO's tend to have a huge egos, and if you stroke it just right, you can talk your way out of almost anything (provided you're not intoxicated).

They get off on fear and intimidation. Be respectful, but show no fear. Try to ignore the uniform, and speak to them as if they are the king-shit-of-the-universe that they think they are.

Many LEO's are very proud of their patrol vehicles. Compliment them on how quickly they caught up with you during that traffic stop. ("Damn bro, what do you have under that hood? You are QUICK!") Lay it on thick, but try to be convincing in your compliments. They've all got a highly tuned bullshit-detector.

Thu, 04/21/2011 - 11:17 | 1192419 MilleniumJane
MilleniumJane's picture

I junked you in defense of the good LEO's who are out there...the ones who are not incompetent and who chose a life of public service because it was their calling.  It is like saying all soldiers are babykillers.  I agree that there are LEO's who are on a major power trip.  I grew up in a law enforcement household and have known officers who are decent and hardworking citizens.  I also knew an undersheriff who broke a man's neck in the processing room just because he could do it.  The decent officers refused to protect their boss and the victim won his lawsuit.  It will be the good officers we will rely upon during these hard times.  They are going to be between a rock and a hard place and will have to choose sides, but I'm betting that most will be brave and side with the people. We are already starting to see this among judges regarding foreclosures.  I think a lot of the problems we are seeing with the different systems in our country is the result of spinoff from the top down.  The disease has spread and the sociopaths have taken positions of power.  The people are beginning to see:  blinders are being lifted and all will have to account for their actions from now on.

Thu, 04/21/2011 - 19:07 | 1194587 serotonindumptruck
serotonindumptruck's picture

Who gets to decide who the "good" LEO's are? You? You're tainted with the disease of fascism. Bow down and lick the hand that feeds you, bitch.

Wed, 04/20/2011 - 20:18 | 1190547 eatthebanksters
eatthebanksters's picture

shotgun, colt 45 with extra magazines, rice, beans and flour for a year (hunting rifle as well), seeds, H2 loaded up and ready to roll, secret spot away from the madness already picked out...I'm ready

Wed, 04/20/2011 - 17:51 | 1190130 rich_maverick
rich_maverick's picture

I concur, 

   But, that is for the best.  Our children should not have to pay for our complacency.  We have been conned, robbed, and have had our freedoms taken away while we have been entertained by our televisions.  Huxley's Brave New World came to fruition.  Unfortunately, as the next stage, Orwell's 1984 is also being instituted.  We either fight back (by choosing not to play this game), or accept our fate (and our children's fate) as slaves.

Wed, 04/20/2011 - 22:42 | 1190958 Freddie
Freddie's picture

Idiots brainwashed by TV.  All of it is for Mugabe and the elites.  It could be 200 channels of Stalin just a bit more subtle.  Americans and others traded freedom for HD.

Wed, 04/20/2011 - 19:53 | 1190502 Bob
Bob's picture

We take our your trash . . . we guard you while you sleep . . . do not fuck with us.

Wed, 04/20/2011 - 17:44 | 1190106 dbTX
dbTX's picture

Soon to be seen in a town near you

Wed, 04/20/2011 - 17:47 | 1190109 Josh Randall
Josh Randall's picture

Very instructive

Wed, 04/20/2011 - 17:47 | 1190110 Pchelar
Pchelar's picture

Molon labe!

I love the smell of NIMBY in the morning...

Wed, 04/20/2011 - 18:41 | 1190315 OldTrooper
OldTrooper's picture

Nice!  Bonus points for getting in an appropriate Apocalypse Now reference. 

Wed, 04/20/2011 - 17:48 | 1190113 Volaille de Bresse
Volaille de Bresse's picture

Europe started in Greece, it'll end there.

"Timeo Danaos et dona ferentes"

Wed, 04/20/2011 - 17:53 | 1190135 topcallingtroll
topcallingtroll's picture

This is just a bargaining ploy to get better restructuring terms.

Wed, 04/20/2011 - 17:51 | 1190120 plocequ1
plocequ1's picture

Gerald Celente: " When you have nothing to lose, You lose it"

Wed, 04/20/2011 - 17:51 | 1190122 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Unless we see central bankers, bankers, politicians or news anchors from main stream media hanging from lamp posts... this all means nothing. The powers that be are laughing at this.

Wed, 04/20/2011 - 18:00 | 1190175 TheGreatPonzi
TheGreatPonzi's picture


The sad part is that nobody has the guts to murder anymore. All violent revolutionary groups, from the Brigades Rouges to Action Directe, died at the turn of the century. 

Wed, 04/20/2011 - 18:11 | 1190203 Holodomor2012
Holodomor2012's picture

My thoughts be bloody, or be nothing worth.

Wed, 04/20/2011 - 18:26 | 1190263 Saxxon
Saxxon's picture

+1 but we are in the early innings.

Wed, 04/20/2011 - 19:20 | 1190414 topcallingtroll
topcallingtroll's picture

Maybe it is no longer necessary to kill a bunch of.people. we have had quite a few relatively bloodless revolutions.

Wed, 04/20/2011 - 20:30 | 1190587 Central Bankster
Central Bankster's picture

Be careful what you wish for.  Sometimes the mob turns on the righteous.

Wed, 04/20/2011 - 17:51 | 1190123 pesamystik
pesamystik's picture


Video of Greeks firebombing police in Keratea.

Wed, 04/20/2011 - 17:49 | 1190124 topcallingtroll
topcallingtroll's picture

They dont want to pay taxes yet they riot over austerity?

Any greeks out there care to help me understand? Anarchy or even strictly limited government is not a social welfare state.

Wed, 04/20/2011 - 17:53 | 1190133 alien-IQ
alien-IQ's picture

They are rioting because Greeks, unlike Americans, are not a bunch of fuckin pussies.

Wed, 04/20/2011 - 17:56 | 1190146 topcallingtroll
topcallingtroll's picture

They seem to have an incoherent message. No austerity and no new taxes.

Wed, 04/20/2011 - 18:16 | 1190223 MachoMan
MachoMan's picture

+1.  Whenever they start rioting to decrease their standard of living and live within their means, let me know.  People wonder why the developed world has been so complacent in letting the debt spiral out of control...  it's because we've fucking been partying for decades...  granted, some party goers got way more comp'd drinks, but still...  NEWS FLASH: it's time to return to your mud hut roots whereby every day is a challenge to survive...  you'll just have nicer pants this time around.  Time to leave the party and get back to work (to pay for the party again of course).

Wed, 04/20/2011 - 18:56 | 1190352 Worker Bee
Worker Bee's picture

"In the world I see - you are stalking elk through the damp canyon forests around the ruins of Rockefeller Center. You'll wear leather clothes that will last you the rest of your life. You'll climb the wrist-thick kudzu vines that wrap the Sears Tower. And when you look down, you'll see tiny figures pounding corn, laying strips of venison on the empty car pool lane of some abandoned superhighway. "-Tyler Durden

Wed, 04/20/2011 - 20:24 | 1190571 eatthebanksters
eatthebanksters's picture

they have no message...they've been lied too, fucked over and they are pissed!

Wed, 04/20/2011 - 21:31 | 1190760 morkov
morkov's picture

fucked over by an undemocratic governance and the message is "FUCK YOU!!! pay it to your investment palls yourself".

Wed, 04/20/2011 - 23:07 | 1191036 serotonindumptruck
serotonindumptruck's picture

@ Alien IQ

I strongly disagree.

This has been pointed out before, however I challenge any US citizen to throw a molotov cocktail at an average American cop.

Warning: You will likely not survive the engagement.

Thu, 04/21/2011 - 10:01 | 1192134 MachoMan
MachoMan's picture

Exactly, if you want to compare apples to apples, these greeks would need to be in a firefight with the popos...  not a bottle tossing competition.  I'm thinking it would only take one public spectacle of the police turning the cocktail tosser into swiss cheese to stop the tossing for a while.  I agree Americans are apathetic...  but, if the level of involvement you're willing to take does not render any fruitful change, then I fail to see the difference...

Thu, 04/21/2011 - 00:31 | 1191265 KinorSensase
KinorSensase's picture

+ a lot.

Wed, 04/20/2011 - 23:56 | 1191207 vxpatel
vxpatel's picture

Church a lot?

Wed, 04/20/2011 - 17:49 | 1190127 Long-John-Silver
Long-John-Silver's picture

Which side will Obama take? Will he open a 4th war.......never mind. Greece only has Olive oil.

Wed, 04/20/2011 - 17:49 | 1190128 alien-IQ
alien-IQ's picture

No doubt this will be good for another +100 points on the DOW. Hell...DOW futures are already up 59 points...Maybe a 300 point day tomorrow if the protests get serious and the US gets a fresh downgrade.

goddamn this is so fuckin ridiculous I could scream.

Wed, 04/20/2011 - 17:49 | 1190129 russki standart
russki standart's picture

Wonderful. The rebirth of democracy in the cradle of western civilization. Fuck the bankers and their counterfeit debt.

Wed, 04/20/2011 - 18:08 | 1190196 topcallingtroll
topcallingtroll's picture

I am beginning to think the haircut will be closer to 100 percent than 40 percent.

Wed, 04/20/2011 - 18:19 | 1190228 MachoMan
MachoMan's picture

When creditors are unwilling to take haircuts and debtors are unwilling to accept austerity and tax increases, you're left with an all or nothing proposition.

Wed, 04/20/2011 - 19:13 | 1190404 topcallingtroll
topcallingtroll's picture

Now it makes sense.

Wed, 04/20/2011 - 21:36 | 1190767 morkov
morkov's picture

it would be "nothing" in Greece

Thu, 04/21/2011 - 10:08 | 1192154 MachoMan
MachoMan's picture

It will be nothing everywhere...  basic math leaves creditors with virtually nothing (can't get blood from a turnip)...  even the most apathetic of debtor can repudiate the rest.

Wed, 04/20/2011 - 17:51 | 1190131 Cleanclog
Cleanclog's picture

Fascinating.  Trend setting.

Meanwhile, the live feed out of Facebook with President Obama taking "town hall questions" is quite good.  Smart young people (Facebook employees) in audience asking some of the questions.  Zuckerberg moderating

Wed, 04/20/2011 - 17:56 | 1190155 IdioTsincracY
IdioTsincracY's picture

live on C-Span

Wed, 04/20/2011 - 18:01 | 1190170 redpill
redpill's picture

Good god what a bunch of sycophant tools. Makes me want to puke.

Wed, 04/20/2011 - 19:12 | 1190399 Yardfarmer
Yardfarmer's picture

thank you.

Wed, 04/20/2011 - 20:36 | 1190602 velobabe
velobabe's picture


    is   run

by  c r o_o k s

Wed, 04/20/2011 - 20:23 | 1190570 nmewn
nmewn's picture

Did someone faint at the mere mention of his name again? ;-)

Wed, 04/20/2011 - 18:09 | 1190191 JW n FL
JW n FL's picture

Obama is a wanna be $1B dollar Lobby Whore!


Obama $656 Million LOBBY Dollars! Obama Let the FED Print 1/2 a Trillion since Jan 1 2011

Wed, 04/20/2011 - 20:37 | 1190604 velobabe
velobabe's picture

Obama is a flat out nigger†


    is   run

by  c r o_o k s

Wed, 04/20/2011 - 20:38 | 1190606 velobabe
velobabe's picture

Obama is a flat out nigger†


    is   run

by  c r o_o k s

Wed, 04/20/2011 - 17:52 | 1190138 JW n FL
JW n FL's picture

Power to the People!!! Fuck the Corupt Lobby Whores and thier debt printed out of thin air!

God Bless the Freedom Fighters!

Wed, 04/20/2011 - 17:56 | 1190147 Seasmoke
Seasmoke's picture

hoping it spreads like wild fire !

Wed, 04/20/2011 - 18:00 | 1190161 kito
kito's picture

ring me when athens is in flames, otherwise, a revolt that represents .001 percent of the greek population.....ho hum.....

Wed, 04/20/2011 - 19:31 | 1190442 Dejean Splicer
Dejean Splicer's picture

I've always wondered how much it would cost the lizard overlords to hire a few thousand actor wanna bee's and stage a production for the world to see.

$800,000 for 1 month of 'peaceful' rioting?

Doo-able, right? The ROI is astounding.

Wed, 04/20/2011 - 21:39 | 1190778 morkov
morkov's picture

what lizards?

Wed, 04/20/2011 - 17:57 | 1190162 RobotTrader
RobotTrader's picture

Chipotle got blasted $20 when it announced after hours.

Then the PigMen quickly decided to add it to the S & P 500.

Stock is now green in the after-life.

Man, these guys are good.

Wed, 04/20/2011 - 18:14 | 1190214 ebworthen
ebworthen's picture

Being locked into the bridge, hands on the rudder and the engine controls, one is not good but simply "in control for the time being".

No doubt the H.M.S. Bounty was "under control" for the majority of the outbound voyage.

Wed, 04/20/2011 - 18:20 | 1190226 magpie
magpie's picture

And the new APPLE weighting in the index has been priced in already, i guess.

Wed, 04/20/2011 - 18:41 | 1190310 max2205
max2205's picture

Taco stands now in top 500? Beads next

Wed, 04/20/2011 - 19:15 | 1190407 Muir
Muir's picture

Chipotle Mexican Grill, Inc. 

(Public, NYSE:CMG) 

after Hours: 279.05 -9.05 (-3.14%)

Wed, 04/20/2011 - 20:40 | 1190611 velobabe
velobabe's picture


    is   run

by  c r o_o k s

Wed, 04/20/2011 - 17:58 | 1190163 Caviar Emptor
Caviar Emptor's picture

I overheard two wealthy friends say they are canceling their trip to Greece. They want to go somewhere where if people are poor they still smile and say thank you and please. 

Wed, 04/20/2011 - 19:20 | 1190421 Dejean Splicer
Dejean Splicer's picture

Facebook? Are you kidding me? Are you serious?

The first ZH link to Fagbook just appeared.

You bring shame to this venue.

Wed, 04/20/2011 - 21:06 | 1190686 FIAT_FixItAgainTony
FIAT_FixItAgainTony's picture

and on our day of glory - 4 20 too!

some people.........

Wed, 04/20/2011 - 23:23 | 1191102 serotonindumptruck
serotonindumptruck's picture

It's 4:19. You got a minute? ;-)

Wed, 04/20/2011 - 18:01 | 1190165 americanspirit
americanspirit's picture

Unlike us Americans, the Greeks have cojones. They set the standard for democracy 2000 years ago; today they are setting the standard for liberty. God bless the Greek people; God damn the Greek government and the Greek Oligarchs. Today it's shooting and burning - tomorrow let's hope the lynching begins.

Wed, 04/20/2011 - 18:23 | 1190210 redpill
redpill's picture

It's not quite so straight forward. The Greeks aren't rioting for liberty, they are rioting because the government teat is being taken away. Massive social welfare states are typically not beacons of liberty because they depend upon confiscation of private property to keep the slop trough flowing for all the little government-dependent piggies. I empathize with their situation and hope they can prevail against the banking interests but the Greek people share the blame for unrealistic expectations of a cradle-to-grave welfare state.

Wed, 04/20/2011 - 18:37 | 1190304 Creed
Creed's picture

redpill, I agree with everything you said


except that this is a town rebelling against the beast government who wants to stick oderous rubbish in their faces 24/7/365. That's good.

Fucking governments need a reminder of who their bosses are. That's good.

However, it's pretty obvious that the professional agitator class invited themselves to this party as well; read unemployed young anarchist males with a PHD in pitching incendiaries & rocks & a minor in working the system for sustenance. That's bad.

Wed, 04/20/2011 - 22:31 | 1190918 redpill
redpill's picture

True that, this is a specific situation. But I find it curious the apparent assumption some folks make that if people are rioting it must be some libertarian backlash against government intrusion, when the reality is that in many situations in Europe and China people will riot in favor of increasingly socialist policies, not liberty.

Wed, 04/20/2011 - 22:47 | 1190983 Freddie
Freddie's picture

Greeks thought they could have the same lifestyle that Germans have when they joined the EU.   A new BMW, nice house or apt, clean autobahns, 5 week vaactions.  Sadly the Greeks only make olives.   No BMW, no Mercedes, no machine tools, no others high quality stuff like the Germans make.  

The EU party is over and the punch bowl has been removed.   The politicians are corrupt like every other country.

Wed, 04/20/2011 - 18:01 | 1190166 NotApplicable
NotApplicable's picture

"We are the only authority that has comprehensive plans for [greater Athens] regional development. We will not abandon the effort that has been made and is currently being made to build this new facility,"

Greater Athens? Wasn't that like 2500 years ago?


Wed, 04/20/2011 - 18:10 | 1190168 akak
akak's picture

But, but, but, with all these Greeks busy rioting, who is going to continue paying into the Greek pension funds to keep them "solvent" (i.e., less insolvent)?  Don't they know, as Leo Quislingasskiss has so often harangued us, that "there is nothing you can do to change the system"?

Leo please elaborate!

Wed, 04/20/2011 - 18:38 | 1190302 EvlTheCat
EvlTheCat's picture

+776BC on the stinger akak!

Wed, 04/20/2011 - 18:51 | 1190335 akak
akak's picture

Thanks Ev!

I fear the Greeks, even when they bear (taxpayer) gifts (to insolvent public pension funds).

Wed, 04/20/2011 - 18:02 | 1190176 IdioTsincracY
IdioTsincracY's picture

This talk of doom and gloom is overrated ...

the sheeple will take the cuts, the rich will get their breaks... and life will go on as usual..

the guy is talking about taking away subsidies for oil company ... makes sense ... but they'll call him socialist ... big laugh ... .. then he say to increase taxes on the rich ... so the same people complaining about the oligarchy will tell him that it is socialism ... another laugh ...


on off we go ... sheeple got too much of a good life ...


Wed, 04/20/2011 - 18:05 | 1190182 squexx
squexx's picture

Talk of China revaluing the Yuan this weekend, but also possibly intervening in a possible Greek or even PIIGS restucturing this weekend. What's the deal?

Wed, 04/20/2011 - 18:16 | 1190211 topcallingtroll
topcallingtroll's picture

China could play a positive roll in all this and.act like a new kind of.superpower that they claim they will be.

It requires them to move beyond.short term self interest.

This is your chance to save the world.china. Are you ready for the sacrifice?

Wed, 04/20/2011 - 22:54 | 1190996 Freddie
Freddie's picture

LOL!  Yeah China can throw more money down a rat hole.  Maybe China can save Detroit or the Illinois teachers pension system or save Medicare or Soc Security.

Wed, 04/20/2011 - 18:06 | 1190185 Rainman
Rainman's picture

Things are so fucked up in so many places the world will be forced to embrace the fiat eerie is that ?

Wed, 04/20/2011 - 18:11 | 1190202 topcallingtroll
topcallingtroll's picture

Flight to relative safety.

Wed, 04/20/2011 - 18:06 | 1190187 SilverFiend
SilverFiend's picture

Taping a few M-80's to a large insecticide can makes a good poor mans tear gas.

Wed, 04/20/2011 - 18:13 | 1190199 kaiten
kaiten's picture

Yeah, greeks love demonstrating they just hate paying off their debts.* Nothing new here, move along.


* Six defaults since independence in 1821.

Wed, 04/20/2011 - 18:19 | 1190230 pesamystik
pesamystik's picture

Lets not forget the U.S.'s involvement in their economy ever since 1945. The US smashed the Greek communists and installed a capitalist system that benefitted the powers that be in Europe and America. When you're a small country that doesn't like being beholden to the big powers, those same big powers will fuck with you every chance they get.

Wed, 04/20/2011 - 18:30 | 1190267 kaiten
kaiten's picture

Oh sure, and those evil big powers forced Greece to borrow billions of EUR and then spend it all on consumption.


Wonder why other small european countries that were fucked by those very same big powers (Czechoslovakia comes to my mind, but there are more) are not indebted up to their ears. Must be something in the air.

Wed, 04/20/2011 - 21:20 | 1190724 WestVillageIdiot
WestVillageIdiot's picture

I have to take your side on this tiger.  Does anybody realize what those fucking "communists" would have done to the Greeks in '46?  Think Stalinist purge writ large.  This is bullshit revisionism. 

Churchill even said that saving Greece from the Communists was his last great accomplishment.  I agree.  

Thu, 04/21/2011 - 03:57 | 1191543 kaiten
kaiten's picture

I dont get why is everyone talking about history? What has profligacy to do with history? Europe has a difficult history and Greece is not the only one that had troubles. I come from a small country too, we had difficult history too, but we have no mountains of debts, we dont need bailouts, quite the contrary, we now have to pay for greek irresponsibility. How come? They just took out loans and then default, that´s a theft. As simple as that. 

Wed, 04/20/2011 - 19:07 | 1190377 Worker Bee
Worker Bee's picture

Im torn on that aspect of it...They are rioting cause the teat is being removed,but without banksters raping their economy would the teat have beem needed in the first place?

Wed, 04/20/2011 - 19:47 | 1190448 Clay Hill
Clay Hill's picture

Depends on your perspective.

If you can accept that shit happens, or that you will have to die before you can get into Heaven, you niether need nor want the teat.

Thu, 04/21/2011 - 03:56 | 1191549 kaiten
kaiten's picture

Greek situation is completely different from the american one. In US, banksters indeed were and stil are raping the economy, simply by cheating, corruption, bubbles etc. But the greek situation is a classic borrow-lend, there were no bubbles. Greeks took out loans, spent it all on consumption and now they are refusing to pay it back. There was no evil bankers plot. They took money and now dont want to pay it back, and the rest of Europe has to bail them out. I call it theft, how would you call it?

Wed, 04/20/2011 - 18:10 | 1190204 ebworthen
ebworthen's picture


But wait...Greece's Finance Minsiter said:

"I believe that Greece's debt is absolutely sustainable ... But that is based on the implementation of the (2011-2015) adjustment program,"

It looks as though the people of Greece have an "adjustment program" of their own in mind, eh?


Wed, 04/20/2011 - 18:11 | 1190206 Racer
Racer's picture

Why don't they eat iPads?

Wed, 04/20/2011 - 20:31 | 1190590 JimS
JimS's picture

Apple is anouncing tomorrow that IPad 3 will be made out of Fig Newtons

Wed, 04/20/2011 - 18:15 | 1190218 buzzsaw99
buzzsaw99's picture

Would now be a good time to ask for my greek bond coupon payment? :lulz, dux fire bomb:

Wed, 04/20/2011 - 18:18 | 1190222 michigan independant
michigan independant's picture

And very often the influence exerted on a person's character by the amount of his income is hardly less, if it is less, than that exerted by the way in which it is earned. It may make little difference to the fulness of life of a family whether its yearly income is £1000 or £5000; but it makes a very great difference whether the income is £30 or £150: for with £150 the family has, with £30 it has not, the material conditions of a complete life. It is true that in religion, in the family affections and in friendship, even the poor may find scope for many of those faculties which are the source of the highest happiness. But the conditions which surround extreme poverty, especially in densely crowded places, tend to deaden the higher faculties. Those who have been called the Residuum of our large towns have little opportunity for friendship; they know nothing of the decencies and the quiet, and very little even of the unity of family life; and religion often fails to reach them. No doubt their physical, mental, and moral ill-health is partly due to other causes than poverty: but this is the chief cause. Alfred Marshall 1890 "nothing new"

That fate is now over: As Occupied London reports, the city is now in the hand of the rioters.

Wed, 04/20/2011 - 18:24 | 1190234 Racer
Racer's picture

The US eLeeches (meaning [h]e who leeches and sucks the blood from victims) (stupidly thinking themselves Elites ) have learned nothing from history...

And so it repeats...

Vive la Révolution!
Wed, 04/20/2011 - 23:29 | 1191128 steve2241
steve2241's picture

Thank you for posting that writing of Alfred Marshall. Though we live in the age of the Welfare State (for those that live in the developed world), many on the planet still live in a Charles Dickens world, of which Marshall so keenly writes.

Wed, 04/20/2011 - 18:24 | 1190240 Clay Hill
Clay Hill's picture

The beginnings of trans-generational debt repudiation. Eventualy this will go global.

tick tock, tick tock

Wed, 04/20/2011 - 19:08 | 1190387 topcallingtroll
topcallingtroll's picture

I now see why jubilees were necessary.

Wed, 04/20/2011 - 18:22 | 1190242 hambone
hambone's picture

S&P futures (all futures) way up AH's...looks either like the potential to take out years highs or open right there or a massive head fake and dive???

If we go through to the upside I think we will have entered into hyperinflation land...dollar will have taken out all near term lows in DXY.  Move to gold, silver, oil could go from fast to runaway?


This is the big turning point on good results and euro crap plus Yuan revalue are the rationale to buy cheap dollar and sell all else.  Market craps out and pulls down commodity complex.


Wed, 04/20/2011 - 18:26 | 1190265 Racer
Racer's picture

You want to be in this Con game?

Be on sidelines or they burn you....

Wed, 04/20/2011 - 18:59 | 1190358 hambone
hambone's picture


there are no sidelines in this it or not everybody / everywhere is in.

Wed, 04/20/2011 - 19:06 | 1190381 topcallingtroll
topcallingtroll's picture

Yeah i hate that i have to play.

Those all in guns are playing too.

I still aint betting.on goldilocks coming back soon.

Wed, 04/20/2011 - 19:41 | 1190467 JimS
JimS's picture

+1 hambone  Actually, it's like Texas Holdem, in that we are all "ALL IN".

Wed, 04/20/2011 - 18:30 | 1190251 MacedonianGlory
MacedonianGlory's picture

This is what happened 6 days ago at Keratea.


The Socialist Regime also attacks suporters for the restoration of the 12th Gods Altar that was discovered recently but the Socialist Regime wants to barry it.

Wed, 04/20/2011 - 18:37 | 1190299 max2205
max2205's picture



Wed, 04/20/2011 - 18:47 | 1190325 Eireann go Brach
Eireann go Brach's picture

America's day in the sunshine is also coming soon, where the beheading of some wankin fuckin bankers will take place!

Wed, 04/20/2011 - 19:07 | 1190375 bob_dabolina
bob_dabolina's picture

Charlie Munger thinks they should suck it up.

Wed, 04/20/2011 - 19:09 | 1190383 Sathington Willougby
Sathington Willougby's picture

Paging Adam Thrasher...your Greece comic came true...

Wed, 04/20/2011 - 19:07 | 1190384 sodbuster
sodbuster's picture

This the original home town of the "300"?


Wed, 04/20/2011 - 19:12 | 1190401 gall batter
gall batter's picture

Hillary soon will announce that we should support the people of "Grease".  U.S. boots on the ground, singing Hopelessly Devoted to You. Think Olivia Newton-John and Revolta.   

Wed, 04/20/2011 - 19:15 | 1190408 psychologicalmess
psychologicalmess's picture

+ 10

Wed, 04/20/2011 - 19:24 | 1190417 Yardfarmer
Yardfarmer's picture


QUESTION: The Greek public, the majority of the Greek public is demonizing the IMF and think things are going to be worse than better. What is your message to the Greek public?

MR. STRAUSS-KAHN: Unfortunately, the Greeks are not the only ones demonizing the IMF. But, I think that the Greeks, as others, should see the IMF as it is today. The IMF is a kind of cooperative organization, where all the countries of the world work together to try to help those being in trouble. Today, Greece is in trouble. Tomorrow, maybe another. And so what is the IMF doing? Trying to provide advice on behalf of the entire international community, trying to provide resources to help on behalf of the entire community. So, the Greek citizens shouldn't fear the IMF. We are there to try to help them.....


I suppose the hysterical debt burdened, cash strapped minions of the Greek Archipelago can be forgiven for their deeply felt trepidations concerning the generally unwelcome intrusion of the International Monetary Fund onto the scene of the desperate economic straits into which their otherwise idyllic socialist utopian society has descended. After all, with such agencies as the Eleftheros Typos broadcasting that "George Papandreou has unconditionally surrendered to the IMF" along with many other "left-wing extremist" organizations "demonizing" the humanitarian dispensations of the Fund, it would follow that the confused and hard pressed masses might misconstrue the benign and paternally philanthropic nature of this widely misunderstood international economic brotherhood. And what if so many Laocoons and Cassandras come forth to challenge and detract the Fund as the Greek journalist who posed this provocative question to "le grande seducteur" has suggested? Does this in any way diminish the responsibilities of the members of the international financial community who, possessed of such great fiscal and monetary resources, are in a position to extend much needed aid and a hand up to this economically devastated European nation? Why, that would be like questioning...well, Big Brother himself...


Wed, 04/20/2011 - 20:47 | 1190625 velobabe
velobabe's picture


    is   run

by  c r o_o k s

Wed, 04/20/2011 - 19:39 | 1190462 AldoHux_IV
AldoHux_IV's picture

Need to have some of that anger here in order to replace our shit scumsucking politicians.

Wed, 04/20/2011 - 20:14 | 1190543 treemagnet
treemagnet's picture

You said it....watching those Max Keiser clips of Ireland - they're pissed but thats it.  I makes me think we're fucked - like animals in line at the slaughter house accepting our fate, not happy...even angry, but not fighting one bit.  I seriously think we're fucked because right now ESPN and apple gadgets seem to rule!?

Wed, 04/20/2011 - 19:42 | 1190469 Buck Johnson
Buck Johnson's picture

It's not over yet, Greece's people are finally feeling the pinch and they don't like it.

Wed, 04/20/2011 - 19:42 | 1190475 Chuck Walla
Chuck Walla's picture

Wait till its Detroit's and Cleveland's turn in the barrel...

Wed, 04/20/2011 - 20:03 | 1190525 Bubbles...bubbl...
Bubbles...bubbles everywhere's picture

They need to win championship first. Actually, that is a great bet to make, because you know TPTB will not let that happen.

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