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When Storming The Bastille Is Not An Option, The Parliament Will Do
Greek taxpayers are not happy, and in this clip from Bloomberg, they make it painfully obvious. With parliament now having officially passing austerity measures, the question remains: will strikes and demonstrations persist, or will the Greeks tire out and go back to their old, and much poorer, ways. Alternatively, with the ruling PASOK party now certain to plummet in popularity, what would happen if the ND is voted back in ahead of time? They already made it clear that austerity is not an option. And with all of European posturing focused on what Greece promises to do, should those promises be recanted, what then?
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Just an occasional visitor. No difficulty handling a Mermaid, though.
Shouldn't you be getting your rest? As it is the weekend, you'll be road bowling in the morning, or is that just on Sunday afternoons?
Yes well a good Catholic is allowed to play on Sundays.
Reminds me of the movie "Salo or 120 days of Sodom" - Seriously disturbing movie from '75
Has anybody noticed how nicely video and news from Greece is not getting on front pages and they just sometimes mention it on TV. Just take a look at Reuters. That's good censorship without government involvement, or there is some?
Is it official censorship when it's censorship of the self? In a corpocracy, does a media outlet that grovels at the foot of profit motivation over all else even need marching orders? For sure, the occasional phone call may need to be placed, but who works in the corporate hierarchy who doesn't know his or her place?
Yes, it's the collusive cowardice that passes as responsibly "good taste" and appropriate team spirit. We all know how that works as it surrounds us each day.
And it's not like it's happending in Iran, after all. The Greeks aren't our demons yet.
the manufacture of consent
Mexico has been on fire for a while and nobody seems to be interested in it either.
There's been plenty of coverage in Central Coast California on the Mexico beheadings.
Violent protests coming to a country near you!
The servant of Marika Antoinopoulos bursts through the Presidential Palace doors..."Maam, the Greeks are revolting !"
In a dismissive, arrogant turn of the head she states regally...
"Let them eat Kataifi."
CD No censorship here..
Bulletin,,,,
SINGAPORE'S Navy warned that a terrorist group is planning attacks on oil tankers in the Malacca Straits, one of the world's busiest shipping lanes.
Terrorists may also be targeting other vessels in the shipping lane off Malaysia's east coast, according to an advisory issued on Wednesday by the Navy's Information Fusion Centre seen by The Associated Press.
'The terrorists' intent is probably to achieve widespread publicity and showcase that it remains a viable group,' the Navy advisory said. 'However, this information does not preclude possible attacks on other large vessels with dangerous cargo.' The Navy did not say which terrorist group is planning the attacks. Spokesmen at the Defence Ministry and the Information Fusion Centre were not immediately available for comment.
The Malacca Strait is the favourite route of oil shippers between the Persian Gulf and Asian Pacific markets. The strait, just 1.7 miles at its narrowest point, was the second-busiest shipping lane of crude in 2006, with 15 million barrels a day passing through, according to the US Energy Information Agency.
The Navy said in previous successful terrorist attacks on tankers, small fishing boats or speedboats were used, and these kinds of boats could be used to attack ships in the Malacca Strait. The Navy, which said it is coordinating with regional partners regarding the threat, recommended ships add lookouts and lighting, avoid fishing areas and maintain a good speed.
'The threat should be taken seriously as it comes from the Singapore Navy and has been shared with the shipping community,' said Mr Rohan Gunaratna, a Singapore-based expert on radical groups who has written a book on Al-Qaeda CIA Legion.
Positively Orwellian if ever I saw such a thing outside of "1984".
"Navy's Information Fusion Centre"
I suppose they're either infusing the center with truth or suppositories. Take your pick, there isn't much difference with the Navy.
Does that mean the British still control Amerika, or just an innocent typo?
The British may have lost the ground war in America but they just switched strategies and infiltrated. In fact, many "founding fathers" were working for the British. I always wondered why the Brits, with so much to loose in giving up the colonies, didn't "try" harder. Yes, I've heard all the "official" propaganda for who, what, when, where and why. Dig deeper grasshopper.
Whoops, was that my out loud voice?
Merchants, not countrymen, these bastards.
CONGRATS ZH!!!
You went into the phone booth time portal and returned with a video from the United Socialist Republik of Amerika circa 2014. ZH has single-handedly trumped ALL other media by years! Keep up the Most Excellent work Tyler dude. You have made Bill S. Preston ESQ and Ted Theodore Logan of the Wyld Sallions proud.
Be excellent to eachother....and.... Party on Tyler :)
Seriously ZH'ers, you may be seeing USA once the UE checks stop rolloing off the press and States can not longer finance their massive debt.
If someone tripled the fire insurance on their house and then it was burned to the ground days later, would you be suspicious? A similar comparison can be made to last night’s shooting at the Pentagon, which was preceded by weeks of hype from both the establishment left and right about the inevitability of 9/11 truthers going postal.
The media’s almost instantaneous explanation for the motive behind the shooting that injured two police officers was assailant John Patrick Bedell’s sense of injustice surrounding 9/11 truth.
Quite how Bedell planned to take on the hub of the military-industrial complex on his own with a couple of guns defies logic and renders the claim that Bedell was acting on his political angst ludicrous.
But the most disturbing aspect surrounding yesterday’s incident is the fact that people like Glenn Beck on the establishment right and establishment liberal media outlets like CNN and MSNBC on the left have been aggressively promoting for months the notion that people who express dissent against the government are intent on killing people.
It’s no coincidence that the last two targets of low-level domestic terrorism were the IRS and the Pentagon, and in both cases the propaganda victory enjoyed in the aftermath by the same establishment registered a far greater impact than the actual attacks.
The Pentagon shooting has been seized upon as a way to demonize 9/11 truthers, Tea Party members, drug war opponents, libertarians, and just about anyone with a political opinion.
The Media Elites website feverishly set about using Bedell’s actions as a stick with which to smear anyone and everyone from supporters of former Democratic candidate Mike Gravel, to “teabaggers,” to marijuana decriminalization advocates, to adherents of the economic philosophy of Ludwig von Mises, to people who read books critical of the Bush administration.
Basically, any idea or opinion Bedell ever had was suddenly used as grist for political demonization of a whole smattering of groups seen as a thorn in the side of the establishment. This pathetic feeding frenzy is now routine in a climate where the public is brainwashed that any dissent against the government is indicative of “dangerous extremism” and should be frowned upon
This also has the effect of circling the wagons and inculcating within police the idea that protesters and 9/11 truthers represent a physical threat.
Could the shooting be yet another example of false flag terrorism or did Bedell just go nuts? What we do know for sure is that the only other two occasions on which 9/11 truthers were accused of being violent or planning terrorism were both completely fraudulent set-ups that were artificially contrived in an effort to demonize people who ask questions about 9/11.
The first occurred when 9/11 truth activist Gary Talis was accused of assaulting a disabled girl in a wheelchair outside a Laura Bush speaking event. Talis was later acquitted by a New York jury despite New York police officers and one Secret Service agent lying in claiming Talis had assaulted the girl when in fact he was the one being assaulted by the girl’s father.
The second incident involved We Are Change New York, who were protesting Larry Silverstein when one of Silverstein’s security guards called in a hoax bomb threat to the police, claiming that Luke Rudkowski was carrying an explosive device in his backpack.
Since on both these occasions, 9/11 truthers were the victims of an orchestrated set-up to portray them as violent criminals or terrorists, how can we be confident that we have been told the whole story about the Pentagon incident?
The fact that Glenn Beck, Chris Matthews and others are constantly hyping the inevitability of anti-government individuals going postal and killing people undoubtedly makes already unstable individuals more likely to commit such acts.
Whether Bedell was influenced by his political grievances, media talking points, or he just snapped is largely inconsequential to the fact that this will be exploited to the full by shameful hacks who are eager to silence their opposition by demonizing anyone who so much as utters a word against the government as a violent extremist and in doing so, preparing the groundwork for measures to censor free speech and the Internet.
It’s not good enough for them to have raped Americans for trillions of dollars, destroyed the economy, turned the police against us, and eviscerated our standard of living, they now want to blackball anyone who so much as raises a whimper in protest as an extremist and a potential terrorist.
Very well put. It has alarmed me for some time that more and more, people with differing views from the official (and unofficial) policy makers are being defined as "wackos", or associated with real ones, in order to discredit their views. Sadly, ad hominem attacks have increasingly become the preferred MO, instead of offering solid arguments for or against a given position or view, and engaging in a real debate. Sadly, many people seem to complacently accept this change.
You have only to look at some of the responses to certain posts or comments on ZH to see examples of this playing out in less exalted microcosms.
..."just about anyone with a political opinion"... scary and true.
And the week before that was the plane crash into the IRS.
All black op to get the Patriots on Homeland Security terrorist list.
Homeland Security, you know, like Federal Reserve — it's not federal and it has no reserves.
The gunman caught them off guard and pulled his gun out which they thought was going to be a badge, had the drop on them and only wounded them but he was shot dead. Also he was very close to the offficers. At first they didn't want to discuss the third officer in the original story.
geopol you are my hero of the day.
When a system is unable to reform and do what is required is violent resistance valid. when peoples interest are no longer represented by the people they vote for is violent resistance valid. When is violence against the state valid. clear the heros of the american revolution thought it was justified at some point. same with the french revolution, bolshevik revolution. I think this is the discussion we should be having in the media. Instead of saying all action is bad and not justified, let thoise who make that statement determine when it is justified. Lets heare the president of the United states come out and say when it would be acceptable for the american people to over throw their government. Is it numbers based., principle based. Our givernment clearly feels it is valid in other countries (iran for instance, Cuba,) What conditions would make it justified here?
What did we get rid of the "british" for. taxations without representation. How many of you feel our elected officials represent our interests. Or do they represent the interst of our corporate elites. The analogy to revolutionary times is that the corporte elites are the royalty of the british.
I think the rioters in greece are justified. did they know their government did the things that got them into the euro zone. The job of thse in government is to not to the crap that gets you in trouble just to get elected. Well by that measure and our fiscal crisis our government failed. should we bare the price of those peoples failure. Are are already in teh Unite states. Why should the citizens of iceland have to pay for the failures of the bankers and their regulators. In fact the bankers effectivley choose their own regulators. Why should Argentina bear the cost of defaulting on their loans. Don't the bankers have a lot fo blame for being so stupid to loan so much money in the first place. We have adopted a system where those who make the business errors get bailed out by us. don't go to jail, remain in postions of authority, and we get taxed for it. That isn't democracy to me. that sounds like a dictatorshisp to me. It's a screwed up system where the preditors are always rewarded for their own greedy failures. that doesn't sound like democracy to me.
This probably has snowballed to the point where normal citizens affected by this cannot comprehend or do not want to.
is there an intrade on riots in major us cities?
What are they protesting exactly? Once they run out of money and no one will buy their junk grade bonds whats the end game? Seems like they are making it much easier for the Germans to justify Greek expulsion from the Union. And quite frankly, once Europe found out that the Greeks manipulated their statistics to get into it in the first place they should have been expelled.
Interesting commentary on Jim Sinclair's mineset website, http://jsmineset.com/
"Trader Dan’s Commentary
This story (thanks to our ever vigilant internet reader CIGA JB Slear) has one of those slapstick comedy moments in it: Remember the movie “Blazing Saddles?” There is a scene in the movie where the new sheriff in town, played by Cleavon Little, holds a gun to his own head and threatens the townspeople that the sheriff (Cleavon Little) is going to get it unless they throw down their guns. The scene is hilarious.
This is exactly what the citizens of Greece are doing right now. They are in effect saying:
STOP AND HELP ME RIGHT NOW or I WILL BURN DOWN MY OWN COUNTRY!"
Heard it said somewhere that people are about the only animals that foul their own nest. The events of the past few years make that painfully true.
Sure, until someone reveals the fact that Golman Sucks and other so-called Investment Bankers, have done the same financial shenanigans in PIIGS along with others.
Goldman Sucks is a golbal Vampire Squid with its tenta.......nevermind.
Suspect that the Squid has done the same thing for others. However, an honest broker would not have entered into those arrangements in the first place.
Greece's then government was looking for a way to cheat the system - GS was happy to oblige. You can't have prostitutes without johns.
Spot on Lux.
Word.
On another note a little OT...
Even Chris Matthews of MSNBC, normally a devoted acolyte of Obama, pointed out that the US strategy as announced at West Point very much resembles a Rube Goldberg contraption. (In the real world, “al Qaeda” is of course the CIA’s own Arab and terrorist legion.) In the world of official US myth, the enemy is supposed to be “Al Qaeda.” But, even according to the US government, there are precious few “Al Qaeda” fighters left in Afghanistan. Why then, asked Matthews, concentrate US forces in Afghanistan where “Al Qaeda” is not, rather than in Pakistan where “Al Qaeda” is now alleged to be?
One elected official who has criticized this incongruous mismatch is Democratic Senator Russ Feingold of Wisconsin, who said in a television interview that ‘Pakistan, in the border region near Afghanistan, is perhaps the epicenter [of global terrorism], although al Qaida is operating all over the world, in Yemen, in Somalia, in northern Africa, affiliates in Southeast Asia. Why would we build up 100,000 or more troops in parts of Afghanistan included that are not even near the border? You know, this buildup is in Helmand Province. That’s not next door to Waziristan. So I’m wondering, what exactly is this strategy, given the fact that we have seen that there is a minimal presence of Al Qaida in Afghanistan, but a significant presence in Pakistan? It just defies common sense that a huge boots on the ground presence in a place where these people are not is the right strategy. It doesn’t make any sense to me.’ Indeed. ‘The Wisconsin Democrat also warned that U.S. policy in Afghanistan could actually push terrorists and extremists into Pakistan and, as a consequence, further destabilize the region: “You know, I asked the chairman of the Joint Chiefs of Staff, Admiral Mullen, and Mr. Holbrooke, our envoy over there, a while ago, you know, is there a risk that if we build up troops in Afghanistan, that will push more extremists into Pakistan?” he told ABC. “They couldn’t deny it, and this week, Prime Minister Gilani of Pakistan specifically said that his concern about the buildup is that it will drive more extremists into Pakistan, so I think it’s just the opposite, that this boots-on-the-ground approach alienates the Afghan population and specifically encourages the Taliban to further coalesce with Al Qaida, which is the complete opposite of our national security interest.”’[1] Of course, this is all intentional and motivated by US imperialist raison d’état.
who is geopol? brilliant stuff. keep writing.
Know this - geopol is the man. Period.
I think Geopol is a good copy and paster - looks to be the same article here - http://www.propagandamatrix.com/articles/march2010/030510_everyone_terro...
Linux? I'm good... period,,,I'll take anyone on this site...and keep in mind, I think there are many wonderful posters here, but I will not take a back seat to anyone after all the info I have brought to this site....
Screwball,,,, Any time...Bring it on...
As they say on the street level,,,you may be a good shit,, but ....
Geopol is a reject from the Comedy Club.
The U.S. is responding to a mosquito (Bin Laden) with a sledge hammer instead of a fly swatter because it can. It must be SEEN to be doing something.
The CIA is now just another large BUREAUCRACY bent on justifying its existence. It has no "on the ground assets" infiltrated into Muslim countries; just localized camps pretending to be infiltrators.
So, Geo, stop letting these Keystone Cops seem like Einstein sleuths of the Muslim world.
The only thing I give Obama credit for, since he has come in to office, is trying to do the job in Afghanistan and Pakistan, that Dubya should have done in the first place.
Even the Pashtuns are made up of smaller tribes, and divide and conquer has its distinct advantages, regardless of where you draw a line on a map.
Kayman Used Lightly ,,Screwball comes out, and you find the unaudited curage to attack??
My history of posts on this site regarding the CIA are evident to all...If you are a newcomer please do a search on this site for "geopol" cia...I think most people here know my position which I think would be a slight bit deeper than your analysis.. not that they all agree,, however we can converse one on one on this site,,anytime,,,at your whim..
The CIA is now just another large BUREAUCRACY bent on justifying its existence.
No,,it plays a very important roll as the private army of the President....Not an intelligence agency (sic)
Before I leave...
The avatar is not a comedy club item,,,just there to throw off folks with your relevance.. I'm a little bit deviant like that.. Do you think it's diabolical of me ??
"We have ourselves a very corupt governing structure" ---
A little truth in a world of LIES
One of the world's leading economists said Wednesday the very structure of the Federal Reserve system is so fraught with conflicts to the point that it's "corrupt."
Nobel laureate economist Joseph Stiglitz, a former senior vice president and chief economist at the World Bank, said that if countries applying for World Bank aid during his time would have presented a financial regulatory system similar to that of America's Federal Reserve, in which regional Feds are partly governed by the very banks they're supposed to police, it would have raised alarms.
"if we had seen a governance structure that corresponds to our Federal Reserve system, we would have been yelling and screaming and saying that country does not deserve any assistance. This is a corrupt governing structure," Stiglitz said during a conference on financial reform in New York.
We can't even win a war against a shithole country like Afghanistan, and here you are saying we can beat everybody in the world simultaneously?
In case you noticed, we've spent trillions of dollars chasing 20 guys on camels with boxcutters, and we still haven't won after nine years now.
But oh yeah, bring on the rest of the world...
Mission accomplished ???? we spend over a trillion a year on the military !!!!!!! If we did spend that money usa would be debt free in 11 years baby !!!!!!!!!!!!!!!!!
SCAHILL'S REPORT..
Scahill’s report also suggests that US black ops have reached into Uzbekistan, a post-Soviet country of 25 million which borders Afghanistan to the north: ‘In addition to planning drone strikes and operations against suspected Al Qaeda and Taliban forces in Pakistan for both JSOC and the CIA, the Blackwater team in Karachi also helps plan missions for JSOC inside Uzbekistan against the Islamic Movement of Uzbekistan, according to the military intelligence source. Blackwater does not actually carry out the operations, he said, which are executed on the ground by JSOC forces. “That piqued my curiosity and really worries me because I don’t know if you noticed but I was never told we are at war with Uzbekistan,” he said. “So, did I miss something, did Rumsfeld come back into power?”’ Such are the ways of hope and change.
The role of US intelligence in fomenting the Baluchistan rebellion for the purpose of breaking Pakistan apart is also confirmed by Professor Chossudovsky: ‘Already in 2005, a report by the US National Intelligence Council and the CIA forecast a “Yugoslav-like fate” for Pakistan “in a decade with the country riven by civil war, bloodshed and inter-provincial rivalries, as seen recently in Baluchistan.” (Energy Compass, 2 March 2005 ). According to the NIC-CIA, Pakistan is slated to become a “failed state” by 2015, “as it would be affected by civil war, complete Talibanization and struggle for control of its nuclear weapons”. (Quoted by former Pakistan High Commissioner to UK , Wajid Shamsul Hasan, Times of India, 13 February 2005 )…. Washington favors the creation of a “Greater Baluchistan” which would integrate the Baluch areas of Pakistan with those of Iran and possibly the Southern tip of Afghanistan, thereby leading to a process of political fracturing in both Iran and Pakistan.’The Iranians, for their part, are adamant that the US is committing acts of war on their territory in Baluchistan: “ TEHRAN, Oct. 29 (Xinhua) — Iran ’s Parliament Speaker Ali Larijani said …that there are some concrete evidences showing U.S. involvement in recent deadly bomb explosions in the country’s Sistan-Baluchistan province, the official IRNA news agency reported. …. The deadly suicide attack by Sunni rebel group Jundallah (God’s soldiers) occurred on Oct. 18 in Iran ’s Sistan-Baluchistan province near the border with Pakistan when the local officials were preparing a ceremony in which the local tribal leaders were to meet the military commanders of Iran ’s Revolutionary Guards Corps
A very close Greek friend of mine- someone who has made many a pilgrimage to Greece- is fond of saying "before Alexander the Great left for Babylon he told everyone 'don't do anything until I get back'... and they're still waiting."
While she candidly expressed that Greece's lackadaisical culture is the root of their economic problems, they don't seem so patient anymore.
Appropriate repost....
It has been evident for some time that the ongoing speculative attack on Greece, along with such other countries as Spain, Ireland, Portugal, and Italy, was not primarily a reflection of their economic fundamentals, nor yet a spontaneous movement of “the market,” but rather an orchestrated action of economic warfare. The dollar had been relentlessly falling through the late summer and autumn of 2009. It obviously occurred to various Anglo-American financiers that a diversionary attack on the euro, starting with some of the weaker Mediterranean or Southern European economies, would be an ideal means of relieving pressure on the battered US greenback. Since these degenerate elites are incapable of directly solving the problem of the dollar through increased production, full employment, and economic recovery, one of the few alternatives remaining to them is to create a situation in which the euro is collapsing faster, leaving the dollar as the beneficiary of some residual flight to quality or safe haven reflex.
This is what emerged during the first week of December with a speculative assault or bear raid against Greek and Spanish government bonds as well as the euro itself, accompanied by a scurrilous press campaign targeting the “PIIGS,” an acronym for the countries just named, coming from inside the bowels of Goldman Sachs. I have discussed this phenomenon several times over the last two to three weeks on my radio program on GCN.
Now comes concrete proof of this conspiracy in the form of a Feb. 8 “idea dinner,” held at the Manhattan townhouse of Monness, Crespi, Hardt & Co, a boutique investment bank. Among those present were SAC Capital Advisors, David Einhorn of Greenlight Capital (a veteran of the fatal assault on Lehman Brothers in the late summer of 2008), Donald Morgan of Brigade Capital, and, most tellingly, Soros Fund Management. The consensus that emerged that night over the filet mignon was that Greek government bonds were the weak flank of the euro, and that once a Greek debt crisis had been detonated, all outcomes would be bad for the euro. The assembled predators agreed that Greece was the first domino in Europe. Donald Morgan was adamant that the Greek contagion could soon infect all sovereign debt in the world, including national, state, municipal and all other forms of government debt. This would mean California, the UK, and the US itself, among many others. The details of this at dinner were revealed in the headline story of the Wall Street Journal on Friday, February 26, 2010. (See article)
Nor was this the only cabal in town intent on attacking the euro through the week Greek flank. The article cited suggests that GlobeOp Financial Services and Paulson & Co. are also piling on. The zombie banks were also heavily engaged. The article reported that Goldman Sachs, Bank of America-Merrill Lynch, and Barclays Bank of London were also assisting speculators in placing highly leveraged bearish bets against the euro. Note that these zombie banks are alive today because of US taxpayer money, in Barclay’s case through AIG.
It amounted to a deliberate attempt to create a large-scale world monetary crisis which would certainly bring with it the dreaded second wave of the current world economic depression. The creation of monetary chaos in Europe through the convulsive destruction of the euro under speculative attack would cripple commodity production in western Europe, severely undermining one of the dwindling areas of the world economy which are still functioning. The genocidal implications for humanity ought to be obvious, but the assembled hedge fund hyenas were not concerned with these consequences.
George Soros has been telling every media outlet that will listen that the euro is doomed to fall apart and break up over the short run. Soros even has a theory to deploy as part of his speculative attack. Soros argues that the fatal flaw or original Sin of the euro is that it was based on a common central bank among the participating countries, but lacked a common treasury and tax policy. This means that a country like Greece can no longer defend itself from a speculative attack on its bonds by the simple expedient of currency devaluation, since there is no more drachma, and the euro is controlled from Frankfurt, not Athens. British spokesmen are quick to point out that, even though the financial situation of London is far worse than that of Athens, the British government is already devaluing the pound through a downward dirty float.
Given Soros’s infamous track record, he must be taken seriously. In 1992, Soros became world famous through his attack on the European Rate Mechanism, which he executed by a highly leveraged speculative assault on the British pound, at the time one of the weaker members of the ERM. Soros’ speculative attack led to a pound devaluation and the ragged breakup of the ERM, and netted Soros £1 billion in profits. It was as if Soros had personally stolen a £20 note from every man, woman, and child in Britain. The speculative gains were no doubt gratifying, but the overriding political purpose of the assault was to sabotage that phase of European monetary policy.
The London Economist has gone out of its way to mock Spanish Prime Minister Zapatero’s remark that Spain was under international speculative attack. Press organs of the city of London and Wall Street have ridiculed the Greeks as a nation of paranoid conspiracy theorists. And yet, the revelations made so far are strong circumstantial evidence of pre-concert, as Lincoln would say. Even the US Department of Justice has been forced to send letters to the participants in the infamous “idea dinner,” warning them not to destroy any of their records and thus putting them on notice that they are under investigation. While we should not have any illusions about the prosecutorial zeal of Attorney General Eric Holder, who once represented the international financial bandit Marc Rich, this is at least a beginning. Spanish and Italian judges are noted for their independence, and one of or more them may wish to examine the activities of Soros, Goldman Sachs, and their hedge fund allies.
Greece does not need an austerity program, as the Greek labor movement has eloquently argued in the course of their successful and admirable general strike last week. Greece does not need a bailout from Germany, the sinister International Monetary Fund, or from anyone else. Least of all does Greece need to accept the advice of Austrian school or Chicago schools charlatans who recommend the catharsis of a deflationary crash that would destroy an entire generation through unemployment, poverty, and despair. Greece needs to defend itself with a 1% Tobin tax on all derivatives and other financial transactions. Greece should take the lead in outlawing credit default swaps, which amount to issuing insurance without meeting the capital requirements of being an insurance company. Greece needs to enforce EU and national antitrust laws. If Soros and his gang succeed in breaking up the euro, Greece should make the best of it by immediately imposing heavy-duty exchange controls and capital controls to protect the new drachma, on the model of Malaysia a dozen years ago. Greece should shut down domestic zombie banks and seize its central bank and use it to issue 0% credit for industrial and agricultural hard commodity production. If the Greeks made plain what they intend to do if they are forced to fall back on the drachma, the financiers who fear such an example would have another reason to relent.
Another obvious expedient is that of a bear squeeze or short squeeze. Soros, Goldman Sachs, and their gang of hedge fund allies have now used derivatives to establish short positions against Greek bonds and the euro, betting that these latter will go down. Political pressure is now being brought to bear on the European Central Bank and the Greek central bank to undertake an unannounced large-scale purchase of Greek bonds and euros in the forward market, causing the Wall Street predators to lose their bets, thus punishing them severely with extravagant losses. This is normal central bank practice, and it will be astounding if the Greeks do not execute such a maneuver very soon.
The world now faces a stark choice between two alternatives, with Wall Street forcing the issue. The first is that the zombie banks and hedge funds, having been saved and bailed out by national states and their taxpayers, will repay the favor by driving the national states and all forms of state, provincial, and local government into bankruptcy. This will be synonymous with the destruction of modern civilization itself. The second and preferred alternative is that the national states summon the political will to use the inherent powers of government to place the zombie banks, hedge funds, and related purveyors of derivatives into bankruptcy receivership and shut them down once and for all, relying in the future on nationalized central banks for the provision of credit. The second alternative would allow the preservation of modern civilization as we have known it. But in the meantime, the derivatives-based speculative attack on the southern flank of the euro has accelerated the arrival of the second wave of depression, which now appears likely to strike the world before the end of 2010.
'The world now faces a stark choice between two alternatives'
this-a educated man. the world has two alternatives, only two, not 3.
this man must be heard. he is precise. what a fag.
on Mon, 01/04/2010 - 16:04
#182340
fiasco,
You've only been around ZH for about 3 weeks and already your "I speaka poor Englisha" has been beaten to death. If you're going to pull if off, at least try to be more convincing. It's old and not funny so why persist?
I figured you to be a deadbeat troll but I wanted to make sure before I said as much. So I just wasted 15 minutes looking at the comments you left on 10 different articles over 3 weeks here on ZH. I've never seen so many junked comments in my life, so it seems my opinion of you has lots of company. Even the other Mario "brother" here on ZH doesn't like your attitude-a. I read that ammusing string of comments between you and him where he basically disowns you. Very funny-a.
While you are most certainly free to object to my opinion, it's clear from your comments that your opinion is rarely about the subject matter and usually about other posters. This is a clear case of small dick-i-tis-a and no brains-a, where you get your rocks off beating on other people rather than walking out on a limb and expressing an opinion that someone else might object to. Better to take the offense and be offensive than risk entering into an actual discussion.
Strike one, two and three-a.
Let me repeat,,,Mr. Bystander..
The world now faces a stark choice between two alternatives, with Wall Street forcing the issue. The first is that the zombie banks and hedge funds, having been saved and bailed out by national states and their taxpayers, will repay the favor by driving the national states and all forms of state, provincial, and local government into bankruptcy. This will be synonymous with the destruction of modern civilization itself. The second and preferred alternative is that the national states summon the political will to use the inherent powers of government to place the zombie banks, hedge funds, and related purveyors of derivatives into bankruptcy receivership and shut them down once and for all, relying in the future on nationalized central banks for the provision of credit. The second alternative would allow the preservation of modern civilization as we have known it. But in the meantime, the derivatives-based speculative attack on the southern flank of the euro has accelerated the arrival of the second wave of depression, which now appears likely to strike the world before the end of 2010.
he's repeating.
that means it's on the test.
'modern civilization' jesus, is that a 16th century phrase?
geopol, you are an idiot.
'strike the world' 'destruction of civilization' 'second wave'
am i understood. geopol is an idiot.
geopol's references:
nostradamus
metallica
charles manson
his barber when he's angry
Your leaving many spaces under your post EDIT SCHOOL,,,As it relates to my posts....A long read is not in your future... It hurts your head...Realizing it is the first step in the recovery.. I must add,,,the only reason I'm responding to you is your avatar,,,and seven hits of vodka...both debilitating..
P.S. On the test?? with you??? MUHAHAHAHAHAHAHA
on Sat, 01/02/2010 - 20:13
#180890
hey religious man, why does a whore make a good nun
because she already kneel a lot
we the people want to order pizza with double cheese and pepperoni
we the people want chicken wings with a side of hot sauce
we the people keep voting for republican or democrat and still expect a different result
nietzsche say madness in groups is the norm and exception in the individual
so finish your pizza slice you tea party rebel, and i forgot
are you have dessert too?
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by phaesedon Sun, 01/03/2010 - 04:53
#181056
Did you go to a public school to write so poorly or is that a natural talent?
Your point was missed in your simplistic non-sensical ramblings. Who said I was religious? Usury is the proper name for interest, like it or not, no matter what Webster's 2.0 dictionary says.
Funny, I can be socialistic or religious... hrmmm, how about I just actually know what it's like to be poor and shit on while you're growing up. Of course, with your writing skills, you just might have grown up poor as well, obviously you have the ignorance part down.
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by desafioon Sun, 01/03/2010 - 12:26
#181180
mario is stupido of familia
he a flunk 3 grade like a three times, one a for each grade
we try keep a da helmet on him but he keep a take it off
when you a finish a play with mario please tell him go home to mama
Are you kidding me? Is it not true that Greek citizens declaring $1 mm om tax return = 6 people. Is it not true that the "established" generation is reliant on unsustainable Gov't largess? Can young Greeks find jobs that pay enough to live on their own and start families? Ring a bell? In the U.S. college grads have NEVER faced as dismal a job market as today. Big Brother Government gives away the next generations future to buy votes today. SHAME!!! Throw the bums out!! Greeks: Sorry but you are already over the cliff. MOVE!
And another thing "geopol":
There is no other David versus Goliath trade than "hedge funds" versus the EU. Yes, hedge funds can get extreme leverage in their bets via CDS. But so can the Central Banks. I wonder who bought the most recent Greek debt offering: France? The IMF? Soros broke the Pound on fundamentals decades ago. If the currency could have stood on its own they would have crushed him. And by the way, Soros is a political Dar Vader to me.
The U.S. has "world-class" assets, the rule of law, (for mow), and the world's finest nuke arsenal. I'm not saying that is fair, but it is why we are the reserve cueency.
The U.S. is the "tallest midget" to quote Kyle Bass.
And another thing "geopol"
You're trailing someones post?? Heap it on!!!!!!
There is no other David versus Goliath
You might want to reconsider that quote,,, stop!! and think...hold on,,don't say anything..
I'm not saying that is fair, but it is why we are the reserve cueency. (SP)
You have discovered it..... not fair......nukes??? If we deploy them,,we have no oil, no NR,,,Let me point you to The Confessions of an Economic Hit-man..... John Perkins,,,BC,,CTM Boston.....Read the fucking thing.. I said this to all my students,,,read the fucking thing...After a period of time, they got it..Good luck in your pursuits...Globally
Hiding Greece's debt long preceeded the "idea dinner" in December, 2009, by many years, close to a decade.
Debt demand and issuance itself is the problem. Borrow borrow borrow to buy buy buy. Borrow more buy more. Fundamentals eventually trump technicals.
The people of Greece are at fault too, but that is being smudged with the role of the banker elite in this "crisis" of paper.
In a choice of the two I'll opt for the latter.
geopol,
You recklessly expose yourself, your true identity, with this posting. Is this wise or even necessary? While I understand that Zero Hedge is the playground for many well known persons, wouldn't the rate of return be more substantial if you adjusted your mask a little closer to the skin?
You recklessly expose yourself, your true identity, with this posting..
Perfectly my intention..I knew it would work...
Is this wise or even necessary?
Wise??? Information from any source is a self determination to expose,, to educate, to inform, to enlighten... If one human being on ZH walks away with a clearer understanding of the world we live in, and events, he/she can rule the environment in their own world.. And by extension...
When someone expresses an appreciation for info posted,,,,,,all other contentions and counterpoints are also ingested,,and irrelevant..to the reader...as choice..
Yeah, this place is obviously overrun with luminaries, like geopunk - another copy-and paste idiot (read: plagiarist) who, left to his own devices, doesn’t know the difference between “to” and “too”, or “your” and “you’re”…
Gawd, what a pack of fucking dumbbells.
I feel so wounded.....
“to” and “too”, or “your” and “you’re”…
Decode these yourself and read on, ... And your views on Greece are??
P.S. Take the bag off your head..grab the identity..keep your identity.we will judge your posts.with avatar,,,Is it your////you're???? I'll take your!!! You must be the educated idiot I encountered in my diminished youth...
"Austrian school...charlatans"?
Ok, do it your way. See you again in 20 years.
I am Chumbawamba.
Don't presume, your younger,,,and I don't have 20 years...As to the Austrian school? Chumba, and anyone else on the site, I believe in Human Action, the view...!! Treatise...However, with the form of government we have making convenient home outside the boundaries of constitutional behaviors, we have grim choices to make... Either we enforce evisceration of the current government posture.. or we use it to our advantage.... Hard to do... for "any" case..as we have a diminished intellectual and unified force within the Amerikan populace..
We have all discussed the downgrade of society with cross brewed important issues.... American Idol,,,,Lost,,,Jersey girls,,Dancing with the stars,,,,Tiger Woods......and I should leave my future in the hands of these idiots???? When the gears of life churn,, I / we, will need to make our own fork choices,,,Take me to China??? San Diego?? pick a city ZH as your IP is not of this continent.. in Amerika.....45 square miles of Detroit is now relieved of social services..Yes the free markets,, have enjoined me in the struggle to define them... purest form...would be the proper utopia....Please don't say....
Geo
You can't see the forest for the trees.
The banksters and the Central banks are all on the same side; albeit with opposite motives. Greece would be the first shoe to drop in this World wide (but currently localized in the EU) Ponzi scheme, so it is in no ones interest to pull out of "extend and pretend".
The issue will not simply be whether the interest can be paid on the ever growing debt levels, but whether the principal can continue to be rolled over.
Greece's recent paper was, directly or indirectly, a bought deal. And if Greece left the EU, look to Iceland for direction.
I don't think anyone in power, anywhere, knows how to get the world off this debt derived flypaper.
P.S. a lot of bullshit, or a little bullshit, it is still bullshit.
This maybe the first, or second time, Iv'e encountered you in a adverserial event..In any case, all in the same brackets of the last two days,,,,Did somone give you a brave pill,,??
The banksters and the Central banks are all on the same side;
If you make a distinction of the two,,,please advise later.... 700 Trillion in derivatives, more like a quadrillion,,,have bond issues fragmented amongst them...and with interest rates at fundamentally ZERO the Fed can buy bonds until your kids are out of High School.
Greece's recent paper was, directly or indirectly, a bought deal.
Directly or Indirectly???? Give me a sense of your analysis on the two sources of possibility..
And if Greece left the EU, look to Iceland for direction.
No,,, the city of London..
I liked the German official who thought Greece should "sell some islands." Actually the clearest thiling I have heard during this entire mess. It is interesting when you think about a country as a company that can sell "non-core" assets to buy time; the burn-the-furniture strategy. How is that different than borrowing gobs of money from the Chinese who then come and buy U.S. assets? Not that different, but you might argue the Chinese are paying stupid prices. But with cheap fiancing what would be the cap rate on a Greek Island? Probably pretty low. Wheeee!
maybe the russians get first dibs ;)
I would be tempted to call it absurd, but one must take into consideration the lack of impact individuals (or even average citizens as a collective) have had in the shaping of the system that surrounds them and defines their choices (vs. TPTB in every literal and metaphoric sense of the word:
"But the newly-approved law hit a snag later Friday as striking interior ministry employees occupied the government printing press, in a bid to stop the cutbacks coming into force. Under Greek law, all new legislation must be published in the Government Gazette - issued by the printing office - before it take effect.
It was unclear how long the protesters intended to stay in the building."
http://www.cnbc.com/id/35722849
Sorry about source, but the only article I found focusing squarely on this issue. Perhaps a "power outage" at other printing presses could be useful elsewhere as well.
The government printing office ( www.et.gr) seems to have published some legislation on Friday - but much less than usual, and nothing concerning the austerity plan. The sit-in was announced as the demonstrations and the clashes were taking place. Next week will be very interesting - I think there will be a second vote in the parliament, and inevitably new strikes and protests.
Seems to me every time it appears that one person has no impact... one person who didn't get the memo goes and does something drastic and provides that last shove that no one saw coming. And the ironic part is, they rarely live to see what they started.
Greek CDS...PPT...NWO
I wonder if a football game between two rival clubs in Greece does not call for more crowd control.
Anyone who has been to such a football game has the answer.
Actually they only let the home team's fans in the stadium nowadays, as they couldn't handle both.
The nation-state is obsolete. Bunch of fuckwads trying to sell us buggy whips.
Step 1: Default
Step 2: Secede
Step 3: Propser
Aha, someone else figured out the game. There's hope.
I am Chumbawamba.
One down, 324,999,999 to go. Let's hope the curve is exponential.
secede from what?
what you got?
Lincoln made it illegal anyway. Go back to sleep.
nice thought. Does just thinking it make me a
terrorist?! I have too many ideas in how to cripple the government from the contractor point of view. I like peaceful, practical methods.
Superglue on the printing presses.
Dog doo on bank doors
garbage deposits at banks
and many ways to disable buildings and streets.
I am too old and beat up to do this, but believe me, if i lived on the East coast i would have broke some GS windows by now. I would be in jail and proud of it. For my own self respect.
It is surprising that our young people have held back this long.
You're never too old. Just buy yourself a tractor.
http://news.bbc.co.uk/1/hi/uk/975012.stm
Superglue the door locks.
Just wondering - does Greece have the technical - if not legal - capacity to print Euros ?
So much for going to Greece on vacation anytime soon!
Great picture!
It has taken me a few Bushmills to get over Matt's stupidity. First off, most of his article doesn't talk about predatory lending, but fraud. If Fraud was committed, then lock them up. Does Geithner come to mind? Second, Santelli is correct that it takes two to tango and anyone who believe they could get a $.5M home with no downpayment and/or current housewell what can I say.
Matt points out some nice stats! What's wrong with these. Well for openers, what % of the population does the black community make up? I don't necessarily know, but the last time I checked it was about 12%. Yet, according to Matt, over 22% of the medicaid program is given to blacks. What is the % of whites to the overall population. Again, not quite sure, but I last time I check, it was about 48%. I think you get my point, but then again I am a racist.
You know what Matt, you are a bleeding heart fu*king liberal who has no idea what they are talking about.
Ouuuch--
Actually, Taibi is one of the ONLY journalists giving us the cold, hard truth. We know it's hard to swallow, but I've heard your party is good at that--so suck it upppp!
Your buddies Larry Craig and Ted Haggard would be happy to show you the way, fucktard.
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I thought the 'problem' at the heart of this 'trouble' was that there was no such group as Greek 'taxpayer'?! Similar to the 'California Prop 13' insanity! IE, a State structurally taking in FAR less in revenue than it spends...
Greek taxpayers are not happy...
I thought the 'problem' at the heart of this 'trouble' was that there was no such group as Greek 'taxpayer'?! Similar to the 'California Prop 13' insanity! IE, a State structurally taking in FAR less in revenue than it spends...
We told them we weren't going to be giving them anymore more money but they went ahead and spent anyway, but like a girlfriend with a case of the bitches, they put it all on credit.
It's not our fault when we refuse to pay the bills. Send all the collection letters you want.
I am Chumbawamba.
Demonstrations in Greece are now less than 10% of what they were during the "good" times.
All my friends in Greece tell me that most people have accepted the measures and they actually think these measures will do more good than harm.
I don't know why, but I think UE has a great future. They just need their own... Stalin.
CCCP
The EU has been the Great Greek Enabler.
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