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PAPANDREOU HAS VOTES TO PASS AUSTERITY BILL: 155 VOTED TO EXTEND BANKER OLIGARCHY STATUS QUO
Fascism wins again, this time by a 4 vote margin. The world is saved... for a few hours.
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NOW WHAT?
Now we wait for the next farcical vote out of either Ireland or Portugal.
Now nothing, the people finally begin to pay for their failures to develop a successful governance and economy. Living outside of your means and handing power to those you shouldn't have trusted are hard lessons in life but something that they obviously need to learn.
"Living outside of your means and handing power to those you shouldn't have trusted are hard lessons in life but something that they obviously need to learn."
You would, of course, broaden this statement to include the USA, correct?
you mean include himself ?
thats too much to ask ... dont you think so ?
The swap lines allow foreign central banks, including the ECB, the Bank of England and the Canadian, Japanese and Swiss central banks to borrow an unlimited amount of dollars for a fee and lend them out to banks in their home countries.
The program was set to expire Aug 1. Its extension was approved by a vote during last week's Federal Open Market Committee meeting, the Journal said.
... "
http://www.reuters.com/article/2011/06/29/usa-fed-ecb-swap-idUSN1E75S04120110629
US Taxpayers on the hook for bailing out the PIIGS for the forseeable future...
sure. Supposing they decided to tell the banksters to GFY, they still spend more than they produce. Austerity of some sort is inevitable, it's only a matter of whether it comes with interest or not
Wow. Takes a real idiot to junk this one on it's content. The truth hurts - but the tragic comedy here is that either way they are fucked and so are we. In fact, they are worse off to go down the road of another bailout... it only raises the stakes.
who cares about junks?
People seem to believe that if we "just got rid of the banksters," that we could then ALL live luxurious lives where we spend more than we produce.
The Greeks are facing a decline in standard of living because their std was driven by DEBT, not real production. Just as ours is.
All the debt we have is somebody else's production; somebody else's oil, somebody else's manufactured goods.
If we repudiate, someone takes a loss...one man's debt is another man's asset. Sure, we can claw back a lot of the kleptocracy's ill-gotten gains, but the oil we've all been burning for 40 years? We borrowed money to buy that. We still OWE someone, even if we repudiate the interest and destroy all the banks.
The nations of the world will figure out why gold was the reserve asset for so long; you can't cheat on the forex. The single biggest benefit of empire to the US was the BW dollar reserve standard. Without this...shit. Look at our trade deficit or budget deficits. We'd be at parity with the Colombian Peso or worse against that backdrop.
Money is debt. All currency in circulation is owed to someone. The bankers have designed this debt based money system. The usury mechanism of our debt money forces wealth to the top few. Please somebody tell me WTF a bank has EVER "produced". Making money off of money is a scam that always fails. The banks have created a system where the ones who actually produce something get the least wealth. Capitalism requires poor, desperate workers to do the REAL work while the pimps on wall street reap the REAL wealth. The poor create the rich. If there arent poor shmucks laboring, there arent rich fucks lavishing. Technological unemployment is here to replace the aforementioned slaves. So much for cyclical consumption. Machines will set us free. Man created debt. Is Earth bankrupt? We are all pussified idiots. The banks are the parasitic cancer. Where do you think the nanny state originated? 1913.
One simple chart says it all... historical population growth. We are approach "peak" in so many ways including the currency fiat system. If we had a convergence of only one or two factors, I wouldn't be so concerned. But, at this juncture we are approaching the convergence of way too many huge problems. Earth definately is not bankrupt. But, a period of profound adjustment is just beginning. I really hate to call it a supercycle for fear of being pulled into an EWT argument - but the shoe does fit.
Despite the fact bankers "designed" offering debt, it does take a borrower to complete the creation of debt - so presumably borrowers share a meaningful portion of blame as well (rarely discussed in banker rage debates).
I am in favor of not borrowing. I am in favor of those that did borrow, repaying what they borrowed. I understand these are antiquated notions.
I like to point it out for the fun of it. I really could care less. I get the overall big picture math and what it could lead to. And all I care about at this point is paying attention to how it goes down to help best protect my family. If along the way some idiot here "see's the light" - that is cool.
Lots of old timers around here dont post much anymore. I think it is because they have found it futile. And are spending more time watching... and preparing.
Spoken like a true fascist, banking lemming.
You sir, are a monster zero indeed.
Banking lemming I think not. But I think some aspects of Facism would be very welcome:
Fascists seek to purge forces, ideas, and systems deemed to be the cause of decadence and degeneration and produce their nation's rebirth based on commitment to the national community based on organic unity where individuals are bound together by suprapersonal connections of ancestry, culture, and blood. Fascists believe that a nation requires strong leadership, singular collective identity, and the will and ability to commit violence and wage war in order to keep the nation strong.
What is a nation afterall... I think the Greeks really need to consider what they really are these days.
All austerity and no bank principal reductions is bullshit in my book bud. If you wanna play the "fair and square" game, there should be equal amounts of pain to go around...
Nobody is taking money from peoples past here. Debt before equity is a very old and "fair" concept.
The point is the people who recieved the gains from the debts are in the PAST, the people who have to pay for the consequences are in the FUTURE.
This is a transfer of wealth from the future generation to the past generation.
why? I agree on the compound interest component, but the Greeks DID actually spend all the money lent. These loans are someone else's asset, german pensions and whatnot.
To repudiate debt means that those who lent take a loss...fine. But the Greeks still spent the money.
Just like the homeowner/bankster dichotomy. Sure the banksters committed fraud, but the homeowners spent the money and got the house. Somebody is holding that loan as an asset. Someone's principal somewhere got spent on it. So the banksters ripped them off, our only recourse is to clawback and prosecute. But the free lunch still ends.
Putting Chuck Ponzi in jail didn't bring the investors' money back
Trav: What about due diligence? What about underwriting standards? Banks knew the score on Greece.. they new the size of the leverage to assets + income and have the research staff and sophistication to know what the Greek "landscape" really looked like. How about the thimble sized amount of CDS to outstanding sovereign paper? These institutions could have hedged during the good times... I don't feel much sympathy for holders of PIIGS paper. (I didn't junk you)
Yeah that sounds great. In practice though Facism always leads to corrupt oligarchs, a police state, and at some point mass murder. Screw that. Live free or die!
Your comment reminds me of just such an earlier nationalistic Greek adventure, the invasion of Sicily in the Peloppenesian war circa 325 B.C. That manly action ended not so well for Athens. BTW who is it that is qualified to speak for the collective mind?
Time to get some stout rope, enough for 155 nooses for the necktie party.
...and some tar and feathers for monster zero.
I think you're a little mistaken there...
"The people finally begin to pay for....."
What you really mean is that younger generations now have to suck it up and pay for older generations. That guy that retired last year at 52? He's all set. The poor 25 year old sucker that now has to face a lifetime of crazy high taxes, later retirement, etc - well he's fucked.
At some point the younger generation will realize how fucked over they're getting.
The young, realizing what a dead-end situation they are in, will respond by dropping out of society altogether. They'll stay where they are and become potheads, dopeys, gang members or they'll emigrate to find better opportunities. Then what?
Right, I'm not suggesting the young should set about lynching the old. I am suggesting that the younger generations are pretty fucked. At some point they'll realize this. Then what?
Higher taxes, less freedom, more regulation, fewer benefits. None of which are due to anything they did, or anyone they voted for (more than once or twice).
Yup. Yet another wall sitting out there at some point in the near future. This is precisely how major social shifts occur, and underground markets as well. One of the first things that will get taken out here in the States is student loans defaulting en masse. Yeah - they cant be discharged in court, but that wont matter at some point when folks dont have the ability to pay them anyhow.
The banksters and war merchants are in conflict with young and old, and with those aged in between. The institutions they head are destructive of the planet and its inhabitants.
Your contention that the young should spite the elderly because the elderly will not suffer enough is ridiculous. There will be plenty of suffering to go around (except for the inside elite and their elite bodyguards). Joblessness, loss of pensions, loss of medical care, environmental destruction, and wars will spread plenty of suffering.
Divide and conquer is the traditional strategy. Promoting strife based on superficialities of age, race, sex, religion, etc. only serves TPTB.
What better way to promote that strife than to inequitably distribute crumbs of reward and appeal to the childish sentiment “How come Jonny got some and I didn’t”?
As though the bailouts, the wars, the political and financial arrangements have been decided by the common citizen.
As though the chief beneficiaries of systematic mayhem have not been a wealthy elite and the global corporations they head.
That's not my contention at all. My contention is that the younger generations are MORE fucked than the older generations.
We've had X decades of debt fueled growth. Here in the US $14 trillion dollars of it. $14 trillion dollars padding the ride for the last 30-40 years. Not a bad gig.
At some point that is unsustainable. That 'some point' is coming. When it comes it will affect tomorrows generation much more than it affects yesterdays.
Just look at the average state retiree today, vs the average state new recruit. The new recruit still gets a pretty good deal in the grand scheme of things, but compare it to the deal the guy that retired 5 years got? It's night and day. But who has to pay for the guy that retired 5 years ago? We all do.
Just so it's clear - we'll all suffer. The bigger portion of the burden is on the young, who short of revolt will be forced to pay for the promises made to the old.
forced to pay for the promises made to the old ???
how can it be to pay for "promises" that won't be kept?
is it actually to pay for bailouts and wars, and the upward transfer of wealth?
Your perception of why promises of decent pensions and healthcare allegedly can't be provided is wrong. It is not because they are all excessive, or because a few are excessive. The pilfering of funds for wars, bailouts, and health industry subsidies and away from beneficial investments is the primary explanation.
Your attempt to inflame intergenerational rivalry is wrong-headed.
Your whole approach to the question of the inequitable distribution of wealth and power is wrong ... inasmuch as it ignores and diverts attention away from the actual holders of power and wealth, and away from how and why current policy is actually decided.
So clearly you're an old guy, upset that I think old guys are more responsible for our current mess than young guys. You want to blame 'the bankers' and war merchants. The fact is, the bankers and war merchants are just leeches taking advantage of the system that 'we the people' have provided for them. There's always going to be leeches, there's always going to be greedy assholes, there's always going to be corruption etc. It's human nature. All you can do is try to create a 'system'/society where they don't get a free ride.
How did the funds for wars, bailouts and health inudstry subsidies get approved? Was it facilitated by our government? How did we end up with a government that would get us into all this mess? Was it apathy and indifference on the part of voters? Was it because voters got hung up on bullshit like who can marry who instead of real issues? Don't try and tell me that democracy is inherintly hopeless and we'd all be fucked anyway, or you might as well just go and end your suffering.
If more people gave a shit, 'we the people' could actually make a change. We'd be able to change the status quo, so the bankers and war merchants couldn't so easily keep the plebs down. For decades the people that could have done something about it (voters) haven't. They've been happy with short term promises that in the long run couldn't be kept. Now the younger generations will pay for it.
Maybe the rogering they'll be getting will wake them the F up so they do something about it. Lynching old people wont help, despite the fact that it's been their apathy and indifference and political selections that have gotten us to our current position.
wtf...you just called age, race, and sex superficialities? Are you stoned?
Even if your ass is PC as hell, you cannot see sex as a superficial difference between people unless you don't know the fkin meaning of the word.
The sexes are different. The races are different. The ages are different. Each has its own strengths and weaknesses and individual attributes. These are not superficialities
you are right AND wrong. Decades of piling sovereign debt is one contributing factor of unsustainable koyaanisqatsi - living. But this does not change at all when you pile more debt - an this is what the Greek parliament just decided.
Again: only a part of the greek population lived beyond their means. Most farmers were totally DESTROYED in the past few years, while the EU funds kept rolling in.
But you're right about handing power to untrustworthy. A hard lesson for everyone. Corruption goes hand in hand with lack of openness. And Capitalism, as a system is clearly at risk, or almost dead (depends on the POV).
“First the free market dies, then democracy dies." Folker Hellmeyer
Capitalism, or free trade more accurately, (as I hold that Capitalism is not an "ism" at all, but the absence of imposed "ism,") can never die, it can only be subverted, and people burdened by its immoral subversion. I am free trade told flourishes in the trade occurring in maximum security prisons, and certainly in oppressive regimes. But the commodities are different. Instead of labor and resources, it becomes one's own body, and "services" provided to one's superiors.
Now nothing, the people finally begin to pay for their failures ... blah blah
No, it's time for the criminals to pay.
Wonder what the Intrade Odds are on the date when the Greek People start hanging the criminal Banksters and sell-out Politicians? I would wager “soon”.
"Now nothing, the people finally begin to pay for their failures to develop a successful governance and economy. Living outside of your means and handing power to those you shouldn't have trusted are hard lessons in life but something that they obviously need to learn."
Nah, the Greeks won't implement any austerity. Sure, they'll pretend, but since they already evade taxes and already cheat the gov, it's going to business as usual in Greece. Meanwhile the rest of Europe gets to work 'til they're 75 so that Greekolopolous can retire when he's 55.
Simon Hobbs calls them heros, what a dipshit.CNBS make's me wan't to barf in my corn flakes.
Hobbes turned into a real cocksucker ever since he left europe.
Its almost as if he left his balls at home.
He has balls?
He's a pussy. That's why they hired him. Just another sell-out banskter shill.
Did you see Mark Faber laughing at Hobbs performance? It is corporate owned news media theatre.
Now, TO THE MOON !
DOW 36000 ....
The Douleur .52
Now you have to do your part and pay the bill.
Work harder, slave! (sound of whip craking)
SELL THE NEWS!!
STFN!!!
Now we throw the lever and sell the news, since all the bulltards went long yesterday.
Umm, Mr. T-Durd why compare the winning Greek Socialists around Mr. "G-Pap" with "fascism"?
Mussolini just turned in his grave.
Dissapointed that there are no masskillings? Mymy.
All who have been betting against the Euro did not know who they were up against.
Greek Conservatives just playing the opportunist with their demagogue tactics. These were the true fascists leading the way over the cliff and then all the way to the bottom.
I can only hope that some of them will jump anyway.
Start talking about low interest rates and excessive lending for homeownership invented by Clinton/Greenspan. Fascists these as well? I thought the were on the other side?
Come to think of it perhaps real "Fascism" is the only thing that's actually missing in the picture of socialist "Planwirtschaft" at play here... Looking at Greece it seems to be on a path to a 15-year recession without Japanese style diligence and ingenuity. Poor people.
at least the Greek people know the government is there for them :(
there's still an angry mob outside... let's not forget that.
Who seem to be standing around picking their butts. Either that or the webcams are poorly situated far away from the action.
US is next!
You will NEVER see this in the US.
Only if they shift repeat-Bonanza to 04.00 in the morning. Only then you will see revolution.
even CNBS realizes this is bullshit
Handbags at 10 paces with Simon & Becky :)
And the selling has commenced.
Funny how no matter how much blustering and ruffling of feathers there is, politicians always seem to find the votes to screw the people over.
..and so are the days of our lives.
The political 'process' would be so much easier for the plebs if we could all just accept foregone conclusions as foregone conclusions. It's like the debt ceiling... How much bluster and theater is incoming when we already all know what the result will be?
Heard last night that debt ceiling has been raised 102 times since 1917 or so. Sounds more like a debt goal (requirement). What a farce.
This is all just theater. We all know what is going to happen in the short term. We just dont like it because we know the stakes are being raised, and the pain will be that much worse later.
The bailouts will continue. The theft (wealth transfer) will continue. It will all continue as it has for the last couple of years until some unforeseen event causes a catestrophic failure... and the house of cards will all come down.
Riotz bitchez!
And so the world is saved...........once again.
What's the over/under on when Greece comes begging once again. Or should I say the world comes begging for Greece to take the next even bigger bailout.
I give it 6 months.
On Greece...sure. On the rest of the peripheral nations...as measured by their debt...6 minutes.
And as for Greek buildings on the square, -10 minutes.
Cdad,
You need to have more faith in human nature. I have no doubt the Ponzi can will be kicked down the road for several more years. After all, the looting isn't done............ which simply means they won't let go until there's nothing left to hold.
exactly. The looting is done when on the entire planet, including US and Europe, there are only slums and palaces. Not before. It might not seem so, but there is still some middle class.
And now...the Greek Ministry of Finance building is on fire.
i think this funding is supposed to last until 2014 but judging by all the Greek Govts financial planning previously ('spend, spend, spend' as soon as the mugs hand over the money) they'll defo' run out before that ...6 months may be a bit harsh, think end of 2012 but then again 6 months may be extremely generous of how long this Govt will cling on!
'After Greece, US falls'...get ready, sleepyhead americans who think 'it never happens here'
YouTube - 'US going down next after Greece'
global bankers = "financial terrorists" ..gotta luv Max Keisers vocablory ;)
Yeah, I'll go with 6-12months. This sort of shit always seems to take much longer to hit the fan than you think it will. Here's my prediction.
1) Greece gets next tranche based on agreeing to do all the shit posted here a couple of days ago
2) Greece actually implements 1 in 10 of the demands
3) Greece SHOCKINGLY is still in a hole in 6 months, needs more money.
4) The rest of the EU is already so heavily invested in a sinking ship that they throw more 'good' money after bad
5) Greece promises to do all the shit they promised to do in 1, plus a bunch more shit because now they're even farther behind
6) Lot of upset people - both in Greece "fuck that, we're not doing that shit" and everywhere else in the EU "fuck that, they'll never do any of that shit"
7) S hits F
I'd put:
7) Greece gets another bailout "package", 99.9% of all people think "problem solved" and switch channel to watch Idol.
8) Goto 1
You took the time to put it out there - and someone junked it. There has been a serious coward in the room for a couple of days now. Lots of new trolls too. Well - at least it's not boring.
Pretty much every post these days gets at least 1 junk... I wouldn't worry about it.
If someone junks me it just tells me they care enough about these topics to have an opinion on it. That's great, more than I can say for a lot of average joes out there.
the European banks try and reduce their exposure at par as fast as they can
Not quite yet; Greek bonds will no doubt rally on this; they'll sell once new suckers have been attracted. No doubt that'll happen the day after Goldman issues a strong buy recommendation on Greek bonds.
I have a business oppurtunity for you... it's not Amway.
RIGHT and theres always plenty of suckers to rape daily.
Kapitaljizm/Kleptokracy/Kronyism, bitchez.
Papandreou gets a nice villa in the South of France with some precious as a housewarming gift.
He's going to need a Blackwater (or Xe Services, ahem) escort to make it there safely.
Portugal, Spain, Italy and Ireland (Mulligan) and Britain on deck, bitchez.
Epic lulz.
As I said yesterday, stop loss on my shorts! The greeks were screwed already, they will do what they can to ventilate and "move on", the next "austerity package" will arrive in 4-6 weeks so?!?! To me this is just as nuts as everything happened so far in the last 3 years, and even if it takes another 3, WE ALL KNOW HOW THIS IS GOING TO END!!!
{Prepare accordingly!
The Tree of Liberty must be refreshed from time to time with the blood of Patriots and tyrants.
Today Athens, tomorrow Washington D.C.
Especially at that time when the Bankster Money Tree has been been fed too much blood of Labor.
End the Fed.
http://www.amazon.com/End-Fed-Ron-Paul/dp/0446549193
But what will we trade on this afternoon? SPR..already done that, austerity...way old news now. Profits?...rofl...whatever, who needs that old passe shit for trading?
Euro is now a place to hide from a dollar collapse.
...theres no real way out of this for the people unless they SNAP out of the system....
.....the people are trapped ....only economic independance can help ...and that means...GO BACK TO THE FARMS
All setting up for bigger and better financial crisis.
Government of the people, for the bankers, by the bankers
Yup. Like I said. Greece will be forgotten for awhile again while the R2K rips ever so higher. Sweet. All of this is great news. "Saved" is the operative word for making massive money in stocks. Up, up, and away!
they are counting on your money ... dont be late...
Ah, the reckless orgy of unchecked spending with made up money continues...
The Greek people ought to do what the French did.....
have sex with their faces?
pffff coffee out the nose! thanks pal.
Right ... a few days where the market parties, then we'll be on to the next greek crisis...
Commence selling euro.
Someone needs to shut hobbes up.
What the hell happened to him, was halfway decent in europe but turned into a complete cocksucker in the states.
greece : democracy vs mythology
http://sturdyblog.wordpress.com/2011/06/18/democracy-vs-mythology-the-battle-in-syntagma-square/
The Greeks need to tear their politicians limb from limb, then go after thier families.
I no longer believe its the politicians in Greece or the USA...I no longer believe its the Federal Reserve, etc. It's the people, stupid. They get what they vote for. We are in a severe cultural crises. It's not a money crises. It is a cultural crises around the world. Just give 'em bread and circuses is the only thing that matters....until that finally falls apart (5 to 10 years from now--sorry doomers), then it won't. Until, of course, it's "saved."
"It's the people, stupid."
Amen!
It's the Stupid people! FTFY
+1 "It's the people, stupid"
cultural crisis indeed.
But now....... the black swan: The german and dutch population. And some (equally powerhungry) right wing politicians, that are against this. This will be a HARD SELL while austerity is also being practiced (with a baton) here....
Anyway... I'm heading for the hills.
I hear the planet Mars is great this time of year. :-S
Amen brother. You're right it's a cultural crisis... Money crisis is a symptom, the average idiots attitude is the disease.
I think it's all about comfort level and motivation. Once a guy gets to a certain comfort level you can't really expect much more from him anymore. Marginal gains. Different people have different comfort levels, some guys never get to the point where they think "yep, this is good enough, not going to try any more". Doesn't matter if you're talking about a sales guy meeting his quota, or joe sixpacks expectations of his representatives.
Same goes for society... Depsite all the 'woes' people are pretty comfortable, so they just don't give a shit. People are more passionate about who can marry who than the fact that we're at war in a bunch of countries. Everyone complains about the 'outsourcing of america' but then does all their shopping at Walmart because it's cheap and easy. Noone wants illegal immigrants, but love paying the lawn guy peanuts.
Nothings going to change unless it gets really uncomfortable for the average joe.
Amen. I liken it to blaming the wolf for eating your sheep. You can't blame the wolf since it's in their nature to eat sheep. You blame yourself for not getting rid of the wolf. Everyday I see Americans only interested in gay marriage, reality TV, what concert they are going to this weekend, beer, sports, etc. 1 in 50 at best I hear talking about the shit that's going down around the country and how it is obviously slipping quickly into the crapper. Nobody wants to speak the truth for fear it will offend someone else's culture, religion or skin color sensitivities. Until we stick a stake through the heart of political correctness then we are done as a nation. It won't happen without a major crash/incident.
Agreed for the most part, although I contend no one wants to speak the truth for fear of being labeled 'an extremist', put on some watch list, and eventually get an unannounced....and very possibly lethal....visit from a local SWAT raiding party.
Even Yahoo! news got this one right: Stocks trend higher as Greece resolution nears. Fixed. Check. Back to the real news. Watching small caps rip higher.
Oh well... more time to prepare for the even bigger collapse... Unless of course the greek people just storm parliament and kill them all... Nothing like having 33k euros of debt you didn't rack up forced on you ;-) I'm sure all the politicians will be swilling brandy, smoking cuban cigars and flying around in there G5's again by the days end...
The Greeks need to tear their politicians limb from limb, then go after thier families.
Even if the Greeks did that it wouldn't change anything. The politicians are just puppets for the Oligarchy. They would be replaced with new puppets. You have to get to the Oligarchy to effect real change.
Athens will burn over this.
well atleast the Greek DEPUTY can walk the streets fearlessly
Next Greek election should be fun.
Coming in Sept 2013
Every single one of these clowns will be tossed aside and default ensues anyway in 2 years so this extend and pretend has at best 26 months.
If riots escalate ,as they will, on this double confirmation of bailouts of the bankers round the world a snap election could be called. All it would take is violence at the home of one politician. Seems very likely now that the already poor peoples just became even poorer this morning and more unemployed added to the army already in waiting.
This is only part one. Part two starts right now.
Greece's Parliament now must agree on the specific "austerity"/self-immolation cuts.
That's where the shit is really about to hit the fan.
They can't agree on that, no bailout money...
+
I don't know why everyone is focusing on Greece.
The real action is in the bank stocks, big gaps up this morning on the "worst of the worst" like C, BAC, etc.
Also there was a huge breadth surge yesterday that gapped up the Summation Index, if we are up big again today, then we'll have two in a row and we'll be back in another intermediate term advance.
http://stockcharts.com/freecharts/McSumNYSE.html
I mean really, the only guaranteed shorts in this market have been gold mining stocks. Names like RBY are getting utterly destroyed this morning.
Long banks and small caps is the only way to make money now. BAC will outperform SLV 3or 4 to 1 from here.
you really are dumb as a motherfuckin bag of hammers.
Now the run for the exits as the hoards rush in.
Gotta love disconnect between government and the will of the people in the cradle of modern "democracy". If I were a Greek citizen, being slapped in the face as they just have been, I'd tear that place up.
Good thing. I was really starting to worry about the Banker Oligarchy.
The big story of the day is that Amanda Knox returned to court. Now, back to the Casey Anthony trial.
What happened to Haley?
Oh yeah, there's a shocker. Graft and bribery carry the day for the Illuminazis in Athens.
No big whup. The moussaka will still hit the fan.
I wonder how much the swing voters took to sell out the Greek People? My Dear Greek friends, I think y'all should carefully note the names of those who sold all your asses out to bankster trash in return for a few pieces of silver. Justice WILL prevail in Greece and I do hope you'll help make it happen in a most enthusiastic manner. I suggest the entire Papandreou clan requires your very careful attention.
To help solve their financial woes, Papandreou will start charging for mustache rides.
The bankers continue to debauch, deface, undermine, TRASH every currency on the planet. Watch physical demand for bullion explode over the next six weeks.
Risk on!
"fascism" is a strong word; but the oligarchy likes to win anyway. If you noticed 7 people from opposition reported absent. So the overall vote looks : 155-138.
I'll bet the younger Greek population will just migrate to another country.
If I were a Greek below the age of 50, I'd get the hell out of there. Better to sling hash in a New Jersey diner than to have no prospects of any kind.
Sling hash in a NJ diner? That's like moving from Newark to Compton.
Those go getting greek boys need to sling has in a diner in Wyoming!
robotard
you are a idiot when it comes to bank stocks. How many months have you called for a rally. Keep geeting your info from others Gary K , Phil Grande and the sorts.
Robotard=bank stocks
Leo= Solar stocks.
Both wrong
I have it on great information that RoboMomoFaderTrader gets all his 411 from Victor Niederhoffer.
The Greek people have the momentum, they should overthrow this entire goverment, imprison all police that shot at Greek citizens and take back their country. This Banking fraud needs to end and it would be a great example for the people of the world that we have had enough of this entire cartel of liars, theives and criminals.
People in the streets haven't voted yet....
"Fed’s Bullard said the Fed, amid persistent worries about Europe's sovereign debt crisis, last week quietly approved the extension of a crisis-lending program that allows the ECB to tap the U.S. for USD. The Fed's dollar-lending agreements with the ECB as well as the central banks of England, Canada, Japan and Switzerland were scheduled to expire Aug 1st, the Fed and other central banks haven't yet disclosed renewal of the agreements, known as swap lines. (WSJ)"
If things are so great ...why extend this little item...hmmmmmm...makes on wonder
That kicked can is looking awfully beat up!
hahaha very good!
Just about every comment has been flagged as junk at least once.
Anyone know what username George Papandreou is using on here?
EustaceBDiwo, perhaps?
GS to the rescue now....
Simple solution.....pack up the Greek debt into subprime sovereignties....and sell them to the unsuspecting....backed by US rating agencies with a AAA stamp....
That is so 2006.
Those over indebted chinese munis are hungry to trade their debt for greek bonds. That will make the EU-China relation truly incestuous and on level plane. We scratch each others rotten nuts!
Imagine how many backroom deals were made to pass this turd.
This is good news for the Euro and bad news for the dollar. Investors still have an alternative to The Fed's dollar.
A weaker dollar means higher oil, gold, silver, food, etc.
Surprised it didn't pass by a margin of 666, 14, or 88.
Stop being titty babies. BTFD! NFLX to the moon!
I sincerely hope that every person involved in gold and silver manipulation DIES a slow and agonizing death.That are not natural
Die you mother fuckers........
Does this mean I have another 12-18 months to stock PM's before Greece bailout round 3?
This video of Loukanikos the protest dog. This dog is something else.
http://lonerangersilver.wordpress.com/2011/06/29/in-greece-loukanikos-th...
Thanks i needed that. Good doggie.
Today Greece's tax receipts don't even cover it's public sector this is before you factor in any debt payments. So today it seems to make sense that they approve this bill. However, if the austerity succeeds in balancing tax receipts and public sector payments then I suspect the rules will change. At that point you could argue a default is in the Greek national interest.
So Greece is going to grow its way out of its debt. As they make more cuts, they will get even more growth and so will be able to pay for their debt after doing the EU-IMF 3 yrs IV coke therapy.