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Greek Austerity Vote Passes

Tyler Durden's picture


Just in case someone thought Greece would voluntarily vote to cut out the funding - any funding - of free money from the ECB, via ELA or otherwise, regardless if only 10% of said money actually makes it into Greek society, we have some bad news: the Greek parliament once again voted to impose austerity upon itself. This includes numerous Yay votes by deputes who had said previously they would vote against the measure.


And yes, this time will certainly be different unlike all those other times. Or maybe not. In the meantime, the rioting, and daily strikes by everyone, most certainly the tax collectors, will continue indefinitely, until even more spending has to be cut to match the decline in revenues, and so on, until finally the singularity of no more revenues and no more spending is hit.

Until then, the main resurgent sponsor of any business venture will be, as reported earlier, local brothels.

Now the ball is back in Germany's, and Troika's, court to come up with further conditions to not disburse the €31.5 billion in addition aid, which judging by the EURUSD's exuberant response (+2 pips), will be quite copious.

Finally, for those confused about the Greek mindset, here is the only explanation you need:



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Wed, 11/07/2012 - 18:22 | 2958367 Overflow-admin
Overflow-admin's picture

Bullish on molotov cocktails, and riot cams.

Wed, 11/07/2012 - 18:27 | 2958396 slaughterer
slaughterer's picture

The comatose market reaction to this positive vote should be extremely troubling  

Wed, 11/07/2012 - 18:40 | 2958454 JPM Hater001
JPM Hater001's picture

This also tested positive for Hepatitis and Clamidia

Wed, 11/07/2012 - 18:43 | 2958469 NooooB
NooooB's picture

Take it baby! Take it! ... Oh yeah!

Wed, 11/07/2012 - 19:19 | 2958504 obessoligarch
obessoligarch's picture

olive oil......the future in energy.

Wed, 11/07/2012 - 19:34 | 2958644 ambrosiac
ambrosiac's picture


So, what is wrong with a brothel sponsor, pray tell?  Private enterprise filling an existing need in an honest manner at fair, competitive prices.

Imagine a Greek public sector brothel.  Fill out three forms, pay four different fees at three cashier windows, find out the booby blonde and the leggy brunette are on strike, wait for an hour for a crew-cut shortie who reads National Enquirer for the duration, and 10 minutes into the act asks you to hurry up, it's time for her 2-hour lunch break.


Wed, 11/07/2012 - 19:52 | 2958687 walküre
walküre's picture

sounds like you've done this sort of thing before and know what to expect

speaking strictly to the part about lazy bureaucracy in countries like Greece of course

Thu, 11/08/2012 - 08:55 | 2959902 ambrosiac
ambrosiac's picture


Of course!  The brothel is a grand metaphor, although I dare say not at all an inappropriate one.

Wed, 11/07/2012 - 18:57 | 2958519 Michaelwiseguy
Michaelwiseguy's picture

Several ‘Ron Paul Republicans’ win closely contested House Races

Texas Republican Rep. Ron Paul will retire from Congress next year after serving for 12 terms, but several Republicans influenced by the iconic libertarian-leaning lawmaker will be arriving to take his place.

Rep. Thomas Massie
Rep. Justin Amash
Rep. Kerry Bentivolio
Sen.-elect Ted Cruz

Wed, 11/07/2012 - 19:17 | 2958576 ACP
ACP's picture

Meanwhile, the rest of the country is controlled by two types of Democrats, Socialist and Communist.

What a fucking cesspool this country has become.

Thu, 11/08/2012 - 03:04 | 2959609 StychoKiller
StychoKiller's picture

You're leaving out the two types of Republicons:

a. Christian conservative wackos, and

b. War-mongering, fascist thugs.

I'm no fan of the Decepticrats either.

Wed, 11/07/2012 - 18:42 | 2958462 Michaelwiseguy
Michaelwiseguy's picture

I can't comment on my favorite Youtube video at Youtube, because my Michaelwiseguy account with 500 subscribers and over 1 million channel views was terminated by the establishment last week.

Wed, 11/07/2012 - 19:30 | 2958635 yogibear
yogibear's picture

Same old, same old. Too many rinse and repeat cycles. It's not fixing the problems. The announcements don't work anymore.

Wed, 11/07/2012 - 18:32 | 2958423 Cdad
Cdad's picture

The riot cams should prove very telling tomorrow.  And we all know how much the Roach Motel [SPY] likes rioting in the street of Europe.

Unless this is just some baseless Deja Vu I'm experiencing.  Nope...Flash Crash, baby.

Wed, 11/07/2012 - 18:46 | 2958481 Yen Cross
Yen Cross's picture

Cdad      wink"_"wink  

                                         Nope, it's not Deja Vu...

Wed, 11/07/2012 - 19:11 | 2958563 Rathmullan
Rathmullan's picture

Yes!!!! Now, here comes the mother of all riots! Or was it the riot of all mothers?

Wed, 11/07/2012 - 18:23 | 2958373 JLee2027
JLee2027's picture

Yes, it continues until the mob burns down Athens or something like that.

Wed, 11/07/2012 - 19:01 | 2958522 Zero Govt
Zero Govt's picture

the mob burning down Athens isn't the problem, it's the Govt burning down the country

the politicians always do much more damage than the far more sensible and sane public, even a mob has better motives than the politicians who wreck country after country mindlessly driven by greed or ego

as people go, mobs are alright

Wed, 11/07/2012 - 18:24 | 2958375 ShortTheUS
ShortTheUS's picture

All this is just delaying the inevitable:


Wed, 11/07/2012 - 18:23 | 2958376 THX 1178
THX 1178's picture

One of these times now it will be different.

Wed, 11/07/2012 - 18:30 | 2958408 Poor Grogman
Poor Grogman's picture

Greece is like this.

1. People stop paying tax, by trading in the underground economy or

bartering or just not earning much.

2. Government tries other methods to get money (like taxing through

electricity use)

3. People stop paying their utility bills.

4. Government has to borrow money to meet its shortfall. (charges it to

taxpayers of course)

5. No one will lend money to the Government as clearly the country is


6. Money is eventually printed to cover the shortfall.

Real Value will never be repaid to Government creditors therefore the

creditors  have effectively "Given" most of their money to the

taxpayers through the conduit of  Government Handouts.

Therefore in a way it could be argued that in a Sovereign Default

scenario low income Taxpayers have effectively netted out as not having

paid much tax!

(A backdoor 21st Century tax revolt if you like)

All roads thus lead to currency destruction and thus destruction of the

very systems that rely on currency debasement and usury to enrich them.

Just how much can be plundered from the people before the reset occurs 

(indirectly of course as it is sovereign assets that are at

stake)  depends on how long a country can be coerced into continuing

the game of monopoly even though it is clearly going to "lose the farm"

if it continues to play.

So in this "modern day tax revolt" game, the Countries infrastructure

gets quietly sold off to TPTB, while the sheeple get to play a fun game

of chicken with the Government's Creditors.

Now the question arises. Can the sheeple be enslaved by the next stage

of the system (Full control of the economic machinery in private

hands). As easily as they were in the last?

The one thing really needed by the sheeple is knowledge

of how the game (really) works.

But ignore all the above because the "Official message" is this.

Just relax, do as we say, keep borrowing, and enjoy life little sheep, this wont hurt a bit...

Wed, 11/07/2012 - 19:01 | 2958527 Freewheelin Franklin
Freewheelin Franklin's picture

Isn't that what happened in Argentina, roughly?

Wed, 11/07/2012 - 19:24 | 2958607 Poor Grogman
Poor Grogman's picture

I dont know if this recipie has a name or not, but yes it was the same in Argentina,

more or less...

Wed, 11/07/2012 - 19:56 | 2958700 walküre
walküre's picture

6. Money is eventually printed to cover the shortfall.

Agree in principle but one comment:

Greece can't print and ECB printing doesn't count as it comes with too many strings attached to give the same effects as you describe.

Greece is plain and simple bleeding dry.

Wed, 11/07/2012 - 18:23 | 2958377 larz
larz's picture

Is shumer paying does that idiot get elected?  Anyone from NY care to field that?

Wed, 11/07/2012 - 18:26 | 2958391 Zer0head
Zer0head's picture

have you been to twitter lately

these are your neighbours and if not neighbours part of the demographic that got O 4 more years of unlimited golf

Wed, 11/07/2012 - 19:15 | 2958575 XitSam
XitSam's picture

Good one. I went to the link and in the top 5 found


- its so boring I'm tired of sleeping , listening to music , & watching movies

Wed, 11/07/2012 - 19:12 | 2958565 i_call_you_my_base
i_call_you_my_base's picture

Because he's a scumbag and will say and do any scumbag thing to get reelected.

Wed, 11/07/2012 - 19:19 | 2958589 Nobody For President
Nobody For President's picture

Just like the other scumbag that didn't get elected.

Tweedle Dum and Tweedle Dee

Wed, 11/07/2012 - 18:26 | 2958380 Spirit Of Truth
Spirit Of Truth's picture

It's an amazing coincidence that today's break in mass psychology on Wall Street coincided with a winter storm "ATHENA" striking NYC in the wake of the havoc wrought by Superstorm Sandy:

Is democracy - which was born in Athens, Greece - about to succumb to the evils of the "Money Masters"?

Is God alerting us accordingly?

Wed, 11/07/2012 - 18:24 | 2958383 ZippyBananaPants
ZippyBananaPants's picture

Bend over, I'm Greek

Wed, 11/07/2012 - 18:28 | 2958399 Zer0head
Wed, 11/07/2012 - 18:32 | 2958421 ZippyBananaPants
ZippyBananaPants's picture

Greece, where men are men and sheep are scared

Wed, 11/07/2012 - 18:51 | 2958496 falak pema
falak pema's picture

no the lambs stay silent its the cows that sing, remember europa was a sacred cow, she got laid by Zeus. And now we have Mutti! 

Wed, 11/07/2012 - 18:38 | 2958447 larz
larz's picture

forgive the repetition but did you know greeks invented sex, then Romans brought women into it

Wed, 11/07/2012 - 18:26 | 2958390 Yen Cross
Yen Cross's picture

 Good luck enforcing it! Long " molotov cocktails"...

Wed, 11/07/2012 - 18:28 | 2958400 NidStyles
NidStyles's picture

The only thing different is the date, and I'm getting too old for this shit.

Wed, 11/07/2012 - 18:31 | 2958418 The big unzip
The big unzip's picture

Maybe they should model their economy on the brothel.  Sounds like business is booming. They are making money and every customer gets a having a Happy Ending too!

Wed, 11/07/2012 - 19:06 | 2958543 Zero Govt
Zero Govt's picture

Govt and their bwanker buddies sole purpose is to screw people

Brothels have a much more human relationship with their customers

Legalise brothels and make Govt illegal, a much saner policy for society all-round

Wed, 11/07/2012 - 18:55 | 2958430 TruthInSunshine
TruthInSunshine's picture

Coming to every European nation, the U.S., Australia & Canada, too. I can't forget Japan or Korea, either.

I'm being sarcastic or "doomy?"

It's already begun in all of the countries I've mentioned. Every single one of them is ramping up their fiat supply (regardless as to whether they're cutting, lowering or not tampering with interest rates), in an effort to provide a buffer for their zombie banking and financial sectors, along with other 'favored' industries & companies, depending on the country in question.

The result is forced deleveraging of the consumers, savers and businesses not on the government teat, which crimps consumption, hiring and investment, while the government sector and quasi-governmental companies/contractors use that deleveraged capital for the grand plans of those who really have Deeply Captured the governments.

THAT is "beautiful deleveraging" to a Too-Big-To-Fail, BFF of a fractional reserve central bank or other CronyCapitalist.

Wed, 11/07/2012 - 18:35 | 2958438 PUD
PUD's picture

No violence no change. That is fairly obvious now. Until the greek masses rise up and violently overthrow the tools making the laws that steal what little they have left...nothing will change

Wed, 11/07/2012 - 18:38 | 2958446 MoreNails
MoreNails's picture

Sadly, it appears so. But that's the only way to attain legitimacy in the people's claims - some have to lose their lives, there must be blood.

Wed, 11/07/2012 - 19:21 | 2958592 poor fella
poor fella's picture

Russell Means, the Native American activist who just passed away, said, "Sometimes there has to be violence to force the white man to listen."

Considering the source, it's convincing - only it usually gets you a bullet in the head or a flight on a doomed small plane.

Thu, 11/08/2012 - 02:48 | 2959594 Vigilante
Vigilante's picture

Uprising will come in the next few months...

I have to remind you that Greeks regularly riot for the flimsiest of excuses i.e referee mishaps in football..

The jug is full...the result in Parliament last night is a good indicator....

Actually the deus ex machina could be events in Parliament rather than the streets.

Wed, 11/07/2012 - 18:42 | 2958464 rhinoblitzing
rhinoblitzing's picture

They are still counting the votes in Florida - Them Greeks are fast!

Wed, 11/07/2012 - 18:57 | 2958520 Urban Redneck
Urban Redneck's picture

Across the 51 "states" the average is that only 91% of precincts totals have been released yet.  Americans are slow.

Wed, 11/07/2012 - 20:20 | 2958761 Nobody For President
Nobody For President's picture

Ah, it's only their parliment - some 300 mostly corrupt souls, so the counted 153 hands and were done...

Wed, 11/07/2012 - 18:43 | 2958467 chump666
chump666's picture

A Greek politician will get assassinated, blown up or dismembered. 

Wed, 11/07/2012 - 18:56 | 2958511 exi1ed0ne
exi1ed0ne's picture

You have to seriously wonder exactly what is going through the minds of the Politicians who voted yes.  I mean they are fucking over their own people, at a more than marginal risk to their and their families lives.  They all can't be sociopaths or clueless idiots, can they?

Wed, 11/07/2012 - 19:05 | 2958542 NotApplicable
NotApplicable's picture

My guess is they're busy trying to figure out which side will kill them first. Those abstentions are likely from the ones who don't think the vote was survivable either way.

Wed, 11/07/2012 - 19:31 | 2958639 pasmurf
pasmurf's picture

what do you expect from socialists, communists and people who will vote for tax rate rise in the land of tax evasion? Manual pony express, so to speak tax collectors trying to collect taxes from 25% unemployment? The Greek church is protected, the shipping community is protected everyone else is screwed for the grand Euro project. aint it swell?

Wed, 11/07/2012 - 20:10 | 2958738 chump666
chump666's picture

I know. While European (and Wall Street) banks that have plundered Greece have gotten off scot free

Wed, 11/07/2012 - 18:48 | 2958468 falak pema
falak pema's picture

save the banks burn the people, the greek polka remains the same cynical game.

Wouldn't it be fun if it exploded in Mutti's face?

What a divine surprise and what a bankers slide!

Let the greeks lay a trojan horse on the Germans and we'll all sing Seig heil, arrivaderci roma !

Wed, 11/07/2012 - 18:43 | 2958470 youngman
youngman's picture

Well the rioters went home before the vote..had to work or something....but 13.5 billion in cuts that will never be put into effect..wink wink.....for over 40 billion in free money that will filter into some well connected politicians hands or offshore accounts....good deal.....this really is just to funny...200% debt to commodities to sell...11 million people...thieves at that...they got nothing really...

Wed, 11/07/2012 - 18:47 | 2958483 Wile-E-Coyote
Wile-E-Coyote's picture

With this vote all I see is Greek politicians lining up to give a Rothechild's a blow job.

Wed, 11/07/2012 - 18:47 | 2958484 pasmurf
pasmurf's picture

another bullish 400 point day tomorrow no doubt- bend over bears and grizzlies

Wed, 11/07/2012 - 18:52 | 2958498 youngman
youngman's picture

I bet Europe drops a bit more tonight......nothing good to buy into there...

Wed, 11/07/2012 - 18:55 | 2958507 Tator
Tator's picture

Anyone see the Riot Dog?

Wed, 11/07/2012 - 18:56 | 2958509 Joebloinvestor
Joebloinvestor's picture


This is great.

A junkie promising the moon and sky for that next fix.

Nothing more then that.

The one difference being Greece won't die from an overdose of free money.

Wed, 11/07/2012 - 18:57 | 2958516 Zero Govt
Zero Govt's picture

just to make clear the funny/fat guy in the Vid above is a Greek politcian, not a Greek citizen

Wed, 11/07/2012 - 19:02 | 2958523 Zer0head
Zer0head's picture

it has not even been 24 hours

Calif. man behind anti-Muslim film gets year in prison


I wonder when and which ZH contributor/commenter will be the first to do time (related to a post or comment that is) 


More importantly when will ZH be taken down by the authorities, don't think that is out of the realm of possibility

Wed, 11/07/2012 - 19:10 | 2958556 NotApplicable
NotApplicable's picture

Perhaps 'they' prefer to keep this place in operation as a honeypot?

Then again, until ZH upgrades the servers to handle traffic from Drudge, maybe they aren't too worried about Tylers' impact?

Wed, 11/07/2012 - 19:21 | 2958595 Zer0head
Zer0head's picture

agree on the honeypot thing never liked the email registration thing, it would be interesting to know if our IPs are logged by ZH

either way unless you are using a tiny isp you're being monitored anyway and I am sure zh has a self destruct sequence on the servers against that fateful day


PS ZH is probably in the top 1000 sites globally  and worth a gazillion dollars

Wed, 11/07/2012 - 19:03 | 2958535 Yen Cross
Yen Cross's picture

FINAL VOTE: 153 FOR, 128 AGAINST, 18 ABSTAIN      {and 7 assassinated} 


    153-128=25          25-18 abstain=7 dead Kennedys

Wed, 11/07/2012 - 19:10 | 2958555 poor fella
poor fella's picture

As the banker elites point out, "Greece is experiencing problems due to not 'privitizing' fast enough."

Nice to lend what you DON'T have and receive payments. Bad lending decisions (or no decision at all) and therefore lack of said payments, only means firesale prices of real assets using money you never needed to come up with to cancel payments you lent into existance. Wonder how much Yosemite or Yellowstone will bring.... ?

This whole fucking picture is ludicrous3

At some point, rioters may get lucky and put someone's head on a pike that absolutely deserves it. Best hunting will be upcoming G-x meetings.

Wed, 11/07/2012 - 19:13 | 2958568 NotApplicable
NotApplicable's picture

Most rioters (well, activists, at least) only know to focus their rage upon the lowly puppets.

Wed, 11/07/2012 - 19:46 | 2958670 poor fella
poor fella's picture

I know....  and it's depressing  ;) 

Aren't there any insiders anywhere that can blow this crap WIDE OPEN? Greg Smith's book sounds interesting, but I mean  w  i  d  e   O P E N  conspiracy, theft, murder, and corruption! Riotous and Rebellious fodder. 

'They' really have things down pat. By the time the JFK file is opened, Bush Sr. will be long dead, the government's coke and heroine money is all laundered every day without a hitch, and after decades of insider trading nothing happens to politicians. "It was only borderline illegal"

That's why nobody gives a flying crap anymore. Just prep, take care of your little part in things, learn what's going on, and do the right thing. When the wheels fall off the global cart - let 'em.

Wed, 11/07/2012 - 19:22 | 2958598 XitSam
XitSam's picture

Wonder how long before the US will need to "privatize" National Parks, National Forests, BLM land, etc.  I want to be positioned to get in on that action.

Wed, 11/07/2012 - 19:31 | 2958638 Spastica Rex
Spastica Rex's picture

You're a day late and a dollar short, brother.

Thu, 11/08/2012 - 06:28 | 2959735 Offthebeach
Offthebeach's picture

It's what they know, what they do. Like in Hitler's downfall Bunker during the last hour of Berlin, you had brownosers trying to get that last promotion as General Governor ofthe no longer existing Eastern Polish Military District 2, or some such.

Wed, 11/07/2012 - 19:38 | 2958650 yogibear
yogibear's picture

We have some old western hanging platforms that can be borrowed for those in Greece to use on the Brussels and the Greek government when the mob takes control. They hang multiple banksters/corrupt politicians  at one time. It just needs new rope.

Wed, 11/07/2012 - 20:00 | 2958715 walküre
walküre's picture

The floorboards might be a bit 'weak' as well ... LOL

Wed, 11/07/2012 - 21:02 | 2958857 THE DORK OF CORK
THE DORK OF CORK's picture

Not good is it ?


Maybe the debate was not direct enough


Wed, 11/07/2012 - 22:26 | 2959083 lolmao500
lolmao500's picture


Shit gonna get even realer real soon.

Thu, 11/08/2012 - 04:02 | 2959649 Peter Pan
Peter Pan's picture



Wed, 11/07/2012 - 23:31 | 2959297 Schlomo Bergstein
Schlomo Bergstein's picture

No spending and no revenues = no government

Wed, 11/07/2012 - 23:58 | 2959362 Sizzurp
Sizzurp's picture

The ECB prints money to give to Greece to give back to the banks.  At what point does the ECB just quit going through the motions, bypass Greece and just bailout the banks directly with free money.  I guess they want to make sure they squeeze every last bit of blood they can from the greek people before they bail on the whole thing.  The bankers are relentless. They want to be paid, and the greek political structure is only there to extract every last bit of wealth they can find.  The greek people should just stop working and stop paying.  Sounds like that is what is happening.

Thu, 11/08/2012 - 00:31 | 2959430 Zgangsta
Zgangsta's picture

The Greeks must suffer so that the ECB may launder their money.

Thu, 11/08/2012 - 02:32 | 2959587 q99x2
q99x2's picture

The pen is mightier than the sword. I voted over here to get as much money from those stupid banksters and did pretty good this election. Bankers dumb as iron ingots.

Thu, 11/08/2012 - 03:49 | 2959638 Peter Pan
Peter Pan's picture

History will one day judge the protagonists in the Greek drama as intellectual pygmies at best or unrepentant thieves at worst.

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