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Mutiny On The Acropolis: Greek Protesters Seize Finance Ministry
Someone keep an eye on Waddell and Reed at all times. Repeat: all times. Because once they, and the market, and the Troica realize that the passage of Bailout 2 will lead to a revolution, it will get very, very interesting.
From Press TV:
Protesters belonging to the left-wing
The All-Workers Militant Front (PAME) union unfolded a giant banner from
the roof of the finance ministry building on the central Syntagma
square, calling for a nationwide strike against the new austerity
measures that the government agreed to take in return for the new
bailout package.
"From dawn today forces of PAME have symbolically occupied the
finance ministry, calling on workers to rise, organize their struggle
and prevent the government's barbarous and anti-popular measures from
passing," the front said, AFP reported.
Angry citizens in the country have now, for a tenth consecutive day,
held anti-government demonstrations against the austerity measures.
Protesters have set up a camp in the central square of the capital,
in a move modeled after the Spanish M-15 movement and the uprisings in
the Middle East and North Africa.
The new bailout plan will mean harsher austerity measures, as it is
aimed at reducing the 2011 budget deficit by EUR 6.5 billion. PAME said
the new plan would “turn workers into slaves.”
The plan, however, is set to be approved by EU finance ministers on
June 20. Additionally, the government will also commence its EUR 50
billion privatization program.
Greece received a EUR 110 billion EU-IMF bailout loan last year, as
it faced a massive debt crisis, but did not manage to resolve its
financial problems.
Since last year, Greece has witnessed massive anti-government
protests which turned violent at times and left scores of protesters and
security forces dead or injured.
A poll conducted recently found that the
majority of Greeks no longer have confidence their government can pull
the country out of its national debt.
h/t Econometrist
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Cherry bombs or M80's, on a piece of wood, in a toilet tank with a cigarette fuse, in a crowded bar.......
It is time to bring an end to the banksters' global pillaging.
The Greek people have an opportunity to say,"We aren't interested in playing your sociopathic games."
May they have the will and guts to do so.
Hopefully they will break the bankstas, and possibly wake up the rest of the morons! I feel like we are all in an episode of the Twilight Zone. END THE FED!
“In a nutshell, they allege that Papandreou and members of his team presided over the sale of 1.3 billion dollars worth of credit default swap contracts (CDS on Greek sovereign debt) on or around December of 2009, shortly after coming to power. The $1.3 billion worth of insurance protecting against a Greek default was bought during the spring and summer of the same year, by the Hellenic Postbank, a public banking arm of the Greek government. (In other words, public funds to be used for public insurance against default).
“Were it to be cashed in today, the policy would pay out in the region of $27 billion – a substantial amount to put against spiralling debt management.
“But the Greek government is no longer in possession of this $27 billion of CDS. It was sold for a minimal profit soon after being bought. A Swiss-based wealth-mamagement firm set up the same year, IJ Partners, bought the insurance – says Kammenos.”
— excerpt from http://hat4uk.wordpress.com/2011/06/01/papandreou-accused-of-greek-debt-...
Heh, "anti-government" protests.
I'd respect those if they actually were against the bankster takeover AND against future drunken-sailor type spending.
Arab Spring, European Summer
American autumn?
or the American Fall (interpret that freely)...
Amerikan Winter. Didn't anybody notice. The last Patriot dead in Arizona. Game over.
... and then Kondratiev Winter.
The seasons of destruction. How they fly by.
Disturbingly, I'm linking the sexiness of your posts to the cougar meme being marketed so heavily at the moment.
Wrong, but feline eyes eh...
+1 in any case
((pst: it's a dude, dude. as are the many jiggly plastic-titted others scattered 'round the site.))
It was a comment on an effective marketing strategy, not the poster.
Greek cukes, Spanish lettuce and Portuguese tomato now in German bellies!!!
The All-Workers Militant Front , cool name
Well they were gonna be the Militant Island Liberation Front but changed the name.
stupid committees
Why cant they just raise taxes like
Athens by the Lake in Illinois:
and vote in those CASINOs and buffet lines.
let them eat foodstamps......
jobs: ill give you jobs, as good as your social
check and mediscare check in the mail....
swiss franks anyone anyone left
to buy US Bonds as US defaults next...
anyone? timmy, berflunky, bubblespan, hes
scared, LOL> wheres that Keynes printing
press when you need it.?
I know, open Casinos and buffet lines...lo.
the fed can print Rainbow Markers ...LOL gefaw
That's green shoots man. It simply means that Bernanke's QEs gave those people enough energy to revolt.
May their protests be successful and Godspeed.
It is nice to see the fires of freedom burning bright! Oh wait...no fires yet, Those come after dark.
Fires are far more functional, intimidating and photogenic after sundown.
Mutiny on the Hill?
Crossing party lines to deliver a stunning rebuke to the commander in chief, the vast majority of the House voted Friday for resolutions telling President Obama he has broken the constitutional chain of authority by committing U.S. troops to the international military mission in Libya.
http://www.washingtontimes.com/news/2011/jun/3/bipartisan-congress-rebuffs-obama-libya-mission/
I think specifically they are protesting the fact that Obama kept the war against Libya going for more than 60 days without asking for Congressional approval. And Congress is absolutely correct to do so.
Tipping point coming?
Probably by the looks of it
it's transitory!!
All tipping points are.
It's hard to root for either side. Many of these protesters don't care that the bankers want to loot others, both in Greece and the broader EU. They only care that their serving from the government trough is being cut along with everything else. I've yet to hear the protesting factions to take any responsibility for the fact that they have an unsustainable public pension system, that they voted for and demanded. The asshole bankers who are essentially seeking to destroy Greek sovereignty aren't any better, and arguably worse, but if Greece wants to eventually emerge from this nightmare they need to start acting like adults when it comes to their expectations for government safety nets.
i hate it when i want to disagree with someone who is right
The Finance Ministry rolling over and letting protesters take control of the building without an apparent fight tells me the FM orchestrated this to get more Euros down the road.
Where are the cops and the tear gas..??
Haven't we recently seen many photos of Greek cops tear-gassing protestors..??
I dont know who the fuck to believe anymore.
Garbage in, garbage out ...............
Either that or the cops are about to join the protesters. Their benefits and salaries are also being cut you know. This could be the ultimate pisstake out of the whole situation: The riot police storming the parliament building. Oh the beatings ...
Worked in Egypt.
1st revolution was the military one
2nd one... well, let's see how that works out, eh?
p.s.
Anyone ever notice how quickly a dictator dies once they exit office these days? Its like the post wards off crippling disease like magic.
since I am in the market for cheap antiquities I'm golden
Let me guess, by the end of the day, we'll have another report that a deal has been struck. This is like watching a tennis match. Deal. No Deal. Deal. No Deal.
PAME sounds like a bunch of Marxist malcontents ironically revolting against the failure of socialism. Sorry, I don't have a lot of sympathy and I seriously doubt PAME has any answers worth exploring. Greece should default, drop the Euro, institute sound money, reduce taxes, and slash government to the bone. Maybe then they could attract some investment and rebuild their economy.
they are just mad because their government daddy is refusing to take care of them anymore. and this from a country that gave the world so much.........
TPTB set the system up for a large transfer of wealth and the destruction of the middle class. The government steps in to "ease" and assist the "newly impoverished" in the transition.
When the government funds fail, in due course, it is not TPTB that the sheeple will go after, but the "big government daddy".....
Tyler had a chart up earlier that showed food stamps and QE, amazing how the two tracked.......
Does anybody realize the protesters just want more socialism, more debt, and more ruin for their country? The Greeks protesting have to be the dumbest group of people I have ever seen and that's saying a lot because there are a ton of morons in the world.
Yep. That's the 180 degree twist.
The protestors in Eurotopia are virtually all socialists and communists who don't want the social welfare party to be forcibly ended. They'll blame the bankers as an another example of why capitalism is bad.
The US Tea Party wants austerity now to prevent such a thing from happening here. We blame the deficits as an example of why socialism is bad.
But it's the agnostic Banksters who push both wars and social welfare like heroin to run up the sovereign debts so they can stripmine the sovereigns of their wealth and freedoms while Yin and Yang were pointing fingers at each other.
so when we look at them and we think to ourselves how nice it would be if we did that here, then there would be a dichotemy present, no? they want what they want and we want what we want and the two desires shall never meet.
if they relized that they will soon be real beggers, they would not be protesting
they would be farming and burning
this is "the" smash
Looks like ZH's server farm is under heavy workload.
Or is it DDoS'd by a NSA bot network ?
The response times / lag is phenomenal.
Time to buy some new AMD Phenom K10 quadcore server racks.
Btw, there's a German at the helm of AMD now.
Hope he can pull the company around.
I am surprised that the Greeks are upset. I always thought they liked it in the ass . . .
the old saying- 'how do you separate the men from the boys in greece'?
Same as at Yale: with a crowbar.
Harvard alums have banned crowbars so the fun never ends.
'symbolically occupy' vs. ZH 'seized'. Hmmm, why do I feel like I'm reading KWN headlines? The news is bad enough- do we really need to resort to headline creation? This is just as bad a MSM green shoot bullshit. Ok, maybe not as bad, but you get my point.
I'd go with "seized" unless the protesters have an actual permit to occupy. I can't imagine the Greek FinMin would have just let them walk in and take the place in exchange for a long lunch. I could be wrong of course. This is Greece we're talking about.
No. I hazard that "symbollic occupation" is a throw-away attempt to make this sound like just one of those things people do, like selling hotdogs on the corner. Some kids showed up and pulled this wacky banner prank, I saw it on YouTube and it was a hoot.
Odd then that if you click thru to the source website you will find the title is... "Greek protesters seize finance ministry"
But yes. Certainly adding "symbolically seizing" would bring much more context to the emotional nuance of the act of seizing one's finance ministry.
Tag line should have read:
"Possession: is it really 9 / 10th's of the law?"
if we tried to seize the FED, delta force would come in and defend it.
I would have preferred: "Finance Ministry symbolically burned to the ground" after they "seized" the Prime Minister and his cabinet.
Bullish for whips and chains.
Again, you people keep making the same mistake.
They are not protesting against the government, they are protesting for more government, more entitlements, more social welfare and less capitalism..
Less capitalism?!?!
You mean the capitalism of the disappearing middle class .... the extraction of wealth by the Oligarchy .... the collusion of Bankers and Politicians .... the casino markets .... the offshore accounting .... the race-to-the-bottom in terms of standards of living, wages, regulations, etc.....
that capitalism?!?!?!
Yes. Whats wrong with it?
I think free markets work just fine. It's just that what we're seeing is anything but free market capitalism. It's the lack of free markets and the misallocation of resources by all the things you mention that has caused the carnage we're seeing.
gwar5, ... I think we already discussed this somewhere else .... there is no 'free' market ...... market exists subject to rules, hence they are not free .... whoever makes the rules is king ...
You would need impartial rule-makers .... good luck there!!
or no rules at all .... then there is no 'market'
Capitalism has nothing to do with, nor anything to say about, any of those other things you listed.
I see .... we are having an academic discussion about capitalism .... same as an academic discussion about communism...
Exactly. That's the ironic twist.
These are the socialists and communists protesting that the government largess is coming to an end. They thought it would never end.
Whereas the American Tea Party was asking for austerity and an end to all the bullshit spending before we become as trapped and pathetic as the Greek people.
I'm content to know that everybody is figuring out that it's the cabal of bankers and politicians colluding to make it all happen. There is common ground after all.
Why seize the Finance Ministry? It's empty. The politicians took the Euros long ago. Nothing is left now but some paper drachmas, useful only as toilet paper.
The banks should just pretend they're getting paid like they do here.
Does anybody believe in earnest, that the ECB/IMF would ever not provide financial aid to Greece, even if Greece did not agree to any draconian austerity measures and asset sales?
Of course not! The ECB/IMF have to give Greece money (who can no longer raise own funds in the bond markets), unless they want most French and German banks to fail - and the consequences of this happening are not difficult to imagine.
The ECB/IMF bailouts merely ensure that European banks do not have to write-down their Greek bonds and recapitalise themselves as a result of a potential Greek default and hence these bailouts merely ensure the survival of the Western financial system for a few more weeks, while Greece is potentially signing-away its wealth for many generations to come.
Greece is in a much stronger bargaining position than the ECB/IMF - why does it not flex its muscles more??!!
It all depends on to which Greece you are referring to
This is why you're told not to feed the bears at national parks.
+1 possibly the best analogy yet.
tyler - your articles are very interesting - too bad you attract such odd ball posters - not many diamonds in this beach - and im being kind
- suggestion - ban posters that swear and delete the ones that make leno type ( not funny ) jokes - u might get the smart people back posting
You're not funny or interesting. Maybe people who can't be bothered to come up with an avatar should refrain. Just saying.
srsly?
You're seriously imagining that a picture avatar proclaims some kind of self-evident psychological truth about an identity construct? On a forum? You named yourself after a band who dress up in LARP gear...
http://www.youtube.com/watch?v=dydSwmCI0_4
Are you serious? REALLY?
Although, I find (on the internet) a phobia of swearing is rather like hating pornography... let's just say it ain't going to work out well for you, and you should be an adult & provide your own filters.
Shit, I think you're fuckin right.
ban posters that swear
Are you fucking kidding me? Asshole!
..ditto
Greek socialists and communists are finally waking up to the realization that it's the bankers and their own politicians that have betrayed them.
Sadly, they're about to find out what real authoritarianism is all about because it will be now be imposed upon them by a supranational authority who will have no empathy or accountability for/to the Greek people.
Never trust a banker who wears socks (they all do) or a politician when his mouth is open.
+1
Unfortunately, bankers and politicians do not screw just socialists and communists, gwar
All the dice have not been rolled yet
You're a tool.
If you didn't notice, the Greeks had a military junta in the last 40 years. They all know, you fucking tool. They were the ones getting sold out, tortured, imprisoned, forced to live a lie and so on. Most never had any faith in the government, but accepted (maturity alert) that a unified Greece (right, left, yadda yadda) demanded compromise and that there might be something better than that.
Then everyone got cynical, saw the game as it was [unlike the fucking Americans] and decided to take the massive piss out of the system. Don't ever confuse cynical exploitation of a bad situation for clueless fatties. Please.
Now shut up, you embarrassment. Seriously, I hope you're under 25, because else-wise you need intellectual medicare.
I'm as nervous as the center on a greek football team...
Remember oh goddess, the terrible rage of Achilles, son of Peleus, that cost the Acheans countless losses, sent to Hades so many strurdy souls.......
and China just dumped 97% of its US Treasury Bill holdings...
exciting times we live in
In August 2008, before the bank bailout and the stimulus law, overall Chinese holdings of U.S. debt stood at $573.7 billion. That number continued to escalate past May 2009-- when China started to reduce its holdings in short-term Treasury bills--and ultimately peaked at $1.1753 trillion last October.
As of March 2011, overall Chinese holdings of U.S. debt had decreased to 1.1449 trillion.
http://cnsnews.com/news/article/china-has-divested-97-percent-its-holdin
Is this a case where the American's mis-label a billion as 1,000 mil, where the rest of the world labels it 1,000,000 mil? And the same with trillion?
1,000,000,000,000,000,000
That's a lot of billions. [Disclaimer - coming from a country that still mixes metric with imperial measurements, some confusion (esp. dealing with unknown sources) is usual. Plus, its late]
PAME's last gasp?
All the political parties, their close friends the unions, and their friends in the media, the bloodsuckers who sell their votes for tit jobs at the public's expense, and of course the banksters--they are all on the way out.
It's the young people, the middle class, the small shop owners, the people who work two jobs to make ends meet--they've had enough of all of them. They're the ones gathering in squares all over the country. They are the majority, and they're pretty pissed off.
Time for our own mutiny!
Silver's D-Day. We Buy Silver June 6th!
http://silverdoctors.blogspot.com/2011/06/silvers-d-day-invasion-we-buy-...
"Motherfucker, war is the answer." @ Conrad Murray...interesting band pick, lol.
Fuck the Greeks.
http://www.youtube.com/watch?v=LVdQ9PK9Q5o
what real revolt looks like. not pretty.........unless this happens in greece and they some internal house keeping their house, will not be in order , ever.......
Excellent link,
I had a good friend (since deceased) that lived through this revolution and escaped, went to Paris and then on to NYC.
I remember one sunny summer afternoon, sharing a bottle of bourbon and Alex describing what it was like, what happened and why... there were many tears. Made a hell of an impression on me, not pretty is an understatement.
I wonder what armed forces will go in to settle the "unrest" in Greece? NATO?
I ran across this greek documentary and about 41 minutes into it is a really motivating story about Ecuador They kicked out the IMF and declared the debt illegitimate... really inspired me to see people actually involved with their government too...
I thought maybe you guys/gals would appreciate the film.
http://www.youtube.com/watch?v=Vrgszjts_DY&t=41m55s
http://www.youtube.com/watch?v=vuWpgRQuXU4
Hmm. Yea. I'd not separate the CIA with the IMF there.
Nice avatar, beat you to it.
This is getting hotter by the hour, watch out for this weekend we may see the elected officials of govt. crowd surfed and thrown into the ocean. People have had enough and they can't stand it anymore.
I think it is a bit premature at this point. But it is only a matter of time before the relatively quiet and peaceful protestors in Spain, Greece and soon in the rest of Europe begin to redicalize and turn seriously rebelious.
I am reading a lot of comments about what the Greeks will or will not do. Let me just say that by nature or education, Greeks still read the ancient scholars, do not trust governments or any supra-national organizations such as the IMF or the EU. The recent events have paralyzed the middle class but awareness has now been heightened among the general population as to what is about to happen, namely the "privatization" of choice resources. On one hand you have the $400 billion that Greece owes to the international bankers and to their Greek puppets and on the other the trillions in Aegean oil, natural gas,minerals, uranium etc, that the likes of Soros have their sites set on.
So, we are supposed to live like slaves and submit to the banks. That will not happen! Greeks are very unpredictable when it comes time to fight for freedom and I think that is the reason that the decision has been made to extend additional loans. It is a means to diffuse pent up anger in the population.
If there is to be resistance/revolution in Europe, you can bet that it will start in Greece. There is a reason why the police does not fire on Greeks, like what is happening in other countries or the US for that matter. If that happens in Greece the Greeks will just go home and come back with their guns and that will be the end of the police force. The army is a different story, it will not join the police since it is conscript based.
I hope that all my country men give the middle finger to the bankers, default, chase out or hang the puppets, and get the fuck out of EU.
Freedom is won with blood and sacrifices not with housewives beating pots and pans outside their master's homes.
Freedom! Americans wake up it is your turn and possibly our only hope to rid the world or the banking families cartels! Do you hear the sound of revolution? It is faint still but it is coming are you ready???
I'm ready. Bring it.
Effin A, I am ready!
So are the Jew bankers going to send a carrier group to collect the Greek debt? I don't think so.
I think a stronger message (than seizing the building) would have been to burn the SOB down.