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With Syriza Leading By 7 Points, Greek Incumbents Fear-Monger Looming "Toilet-Paper-Run"
Left-wing anti-EU party Syriza has extended its lead over incumbent Nea Dimokratia (ND) to 7 percentage points in the polls ahead of tomorrow's crucial Greek election. As Keep Talking Greece reports, To Potami and Golden Dawn (the neo-Nazi party that is facing charges for being a "criminal organization") are running 3rd with 6-7% of the vote (Syriza 33.5%, ND 26.5%) and with 20% admitting they had changed their opinion about which party to vote for in the pre-election period, it appears ND incumbents have taken up the "Scotland" strategy - fearmongery. Speaking on Greek TV, just 48 hours before the elections, ND-candidate Sofia Voultepsi implied that if Syriza wins the elections and forms a government on Monday Greeks will run out of toilet paper... and with JPMorgan noting that deposit outflows hit EUR8bn last week (double the previous 2 weeks combined), the "bank run" could easily morph into Venezuelan "toilet paper runs."
As Keep Talking Greece explains,
If SYRIZA wins the elections and forms a government on Monday Greeks will run will run out of toilet paper. This is what ND-candidate Sofia Voultepsi implied just 48 hours before the elections.
“bank run” vs “toilet paper run”?
Speaking to Mega TV on Friday morning, former government spokeswoman Sofia Voultepsi claimed:
“People believe that bankruptcy is what we experience now. Bankruptcy is when imports, fuel, raw materials and medicines are being immediately stopped. This is something we have seen in Cyprus, in Venezuela, in Argentina.”
When one of the news magazine anchors intervened and commented that “what you say sounds as if we will not have toilet paper,” Voultepsi replied:
“No, there is no toilet paper in Argentina and Venezuela. Therefore, I recommend, you do your supplies.”
...
In spite of the Nea Dimokratia fear-mongering elections strategy of “SYRIZA = default”, it is not helping the party of PM Antonis Samaras to raise its rates in polls, ND seems to have run out of convincing arguments and keeps chewing the same old candy...
And JPMorgan is seeing the other type of "run" accelerating...
As election looms, Greece sees large €8B deposit outflow this week vs €4B in first two weeks of January and €.3B in December.
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As Bloomberg notes, Syriza's success (or failure) will foreshadow the future of anti-austerity movements elsewhere in Europe.
The Greek vote is being closely watched in Spain, where the anti-austerity Podemos party is now running ahead of Prime Minister Mariano Rajoy's party before a general election later this year. Podemos leader Pablo Iglesias even joined Tsipras at a rally in Athens this week. The government in Madrid has been scrambling to reassure markets that the situation in Greece won't spread to their country. Spain and Greece are "totally different," Spanish Economy Minister Luis de Guindos told Bloomberg Television today in Davos.
The bailed-out economies of Ireland and Portugal also have growing anti-austerity movements. "If a new Greek government wins concessions, then Ireland and Portugal would be first in the queue looking for similar treatment, and other countries would be looking for leeway in meeting EU targets," columnist Cliff Taylor wrote in the Irish Times earlier this month. But leaders of those movements will have a hard time making their case to voters if Tsipras, Europe's No. 1 anti-austerity poster boy, steps back from confrontation.
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Yeah but come march they will have plenty of fiat to wipe with.
true, but most people prefer tp to wipe their obamas
The TP must flow.
My guess is the EU officials (i.e. banksters) have already move most of their money out of Greek investments. They are letting this one go and blame it on anti-EU factions. Up for next week, Eurocrash!
The elite rules by fear.
Does anyone think Greek politicians care about the Greek people having TP? They obviously don't care about people's abject poverty and crushed dreams, but we're supposed to believe they care about them having TP? Here, pull my finger.
I think the Nea Dimokratia Party is trying to resort to Obama's frree shit tactics by promising Greek citizens free stuff like TP if they win. No vote for ND then no TP for you!
P.S. Plastic Euro notes make lousy TP. It just spreads the shit around creating an even larger problem... just like Draghis forthcoming QE.
Jeeze... I really hope Syriza doesn't win. The U.S. doesn't have enough money to pay for the overthrow another democratically-elected government this soon.
We're not done fucking up Ukriane and killing it's people for their freedom!
Just kidding - I hope Syriza wins and tells the bankers to fck off.
slightly OT
regarding the so called king dollar, even in Cambodia, a dirt poor country which uses the USD as the local de facto currency, even poor taxi drivers reject old US dollar notes!
As I sit and read this article I think that soon the whole world wont have TP and these rich cocksuckers that have cheated lied and stolen from the bottom 99 percent will have some andnd the sheeple will take what they want in return. Thats what happens when you train people to be takers and not earners so yesterday its venezualia today argentina tomorrow greece its coming to us all. So stock up on shitpaper I say as A SHIT storm is comming
Running water from a hose can substitute for TP, if you strip down and clean and let it run off your legs. Now don't tell me that running water is at risk too.
Actually, in countries like India, there really isn't TP, or at least not much if ever used unless your in the cities. Back home in Ukraine, TP was also not found that often outside of the cities and you threw whatever paper (hard stuff) in the wastepaper basket rather than flushing it. TP is really a western thing, not so much everywhere else. In a lot of countries, they use bottles with water that sprays on their behinds.
Clearly the money to be made in places like Argentina, Venezuela and Greece, is in TP, soap and tampons.
Coincidence? I think not!
Question: How does one bail-in used toilet paper?
Septic or sewer?
And to think, Greece used to be important.
It is touching to see this politician being concerned that Greeks will run out of toilet paper if Syriza wins.
It would have been more touching to see her being concerned with how hundreds of thousands of Greeks are not eating under her party's leadership.
No food means no need for toilet paper, simples!
Shit on that
No matter who wins, Greeks can expect a "bail-in".
Maybe that will be the event that finally kicks them in the ass to fix what is wrong.
I doubt it.
I doubt it as well. Modern Greek society has this weird thing with the bottom of the barrel always being about a foot away. Just when you think things have hit rock bottom, you find yourself asking, "If not now, when?"
by themselves, never, until some go down in streets with guns
If I was this politician I would be more worried about my neck given the treasonous behaviour of the two ruling parties.
Will they throw out one group of kleptocrats for another? At least if they do, they'll be able to get the ball rolling with removing the plesant fascade over the nasty realities of globalized kleptocracy.
I voted anti-EU party before, I will do it again.
Me, too!
Vickie Nuland 2016
<.<
>.>
Nice one, Knucks.
Wait.. Didn't the bank runs already happen? I'm confused.
Whatever way they vote this time another five years of austerity will deliver a landslide vote next time.
Let's bail out the banksters and impose austerity on the people.
What is there not to like?
banksters know best-right? Aren't most normal people just ignorant sheeple waiting for banksters to throw them some crumbs, give them a little sex, drugs and Rock'N'Roll? The banksters figured out long a ago that it you give more and more sex drugs, rock'n'roll - far more than they need -even at dangerous levels -and then play divide and conquer, pitting the sheep against each other -this was the way to control the sheeple.
Banksters are smart. Sure they're evil, but they're fucking evil geniuses.
“The few who understand the system will either be so interested in its profits or be so dependent upon its favours that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests.” The Rothschild brothers of London writing to associates in New York, 1863.
The Government should create, issue, and circulate all the currency and credits needed to satisfy the spending power of the Government and the buying power of consumers. By the adoption of these principles, the taxpayers will be saved immense sums of interest. Money will cease to be master and become the servant of humanity. - Abraham Lincoln
Lincoln was assassinated. Kennedy had the same idea, he was assassinated.
“The death of Lincoln was a disaster for Christendom. There was no man in the United States great enough to wear his boots and the bankers went anew to grab the riches. I fear that foreign bankers with their craftiness and tortuous tricks will entirely control the exuberant riches of America and use it to systematically corrupt civilization.” Otto von Bismark (1815-1898), German Chancellor, after the Lincoln assassination.
Prophetic words from Bismark.
Fuck Lincoln.
Panem et circenses
Bread and circuses--the ancient Romans figured that political trick back in 100BC
No toilet paper for a couple of weeks or be a slave to the rest of Europe for a lifetime...
Tough choice.
Thats why they call it kack handed.
The Indians and Chinese have been doing it for centuries Ebbie. ;-)
I saw.a.video posted here on ZH from India and it waz totally rancid with Indians bathing drinking and brushing their teeth.in the Ganges.River while animal and human corpes floating by. Other images of Indians squatting to shit while waiting in line for some kind of stuff.
Subhumans.
Now you understand how Banksters and Neocons see the rest of humanity.
You do realise that not all indians are stupid enough to live near the ganges
Pass the laxative!
"tp for my bunghole"
Who's counting the votes?
Apparently Mr. Whipple is counting the votes.
It sure was nice of Goldman Sachs to fraudulently launder debt in order to allow Greece admission into the EU. It was even nicer of the EU to give them immunity from prosecution. It is also nice of the ND to precipitate bank runs. What a beautiful world!
In other news, Ukrainian rebels are kicking the living shit out of the Ukraine army. Only 5 weeks until Ukraine runs out of money...
5 years without being banned? Congrats.....
Oh, I lost one account- banksters. It had to do with a trenchant comment on zionism.
Noooo problem for Ukraine. The Ukraine Freedom Support Act, signed into law by President Obama on December 18, 2014, provides for $350 Million in military supplies to go to Ukraine. Also, UFSA provides for $7 Million in funding for Radio Free Europe to counter Russian propaganda. And winter uniforms have just arrived from Australia and Canada for the Army ( a little late, but those who have not already succumbed to frostbite will be kept warm).
Problems solved.
$350 Million is almost enough to buy 2 F-35s (without software to fire the guns).
how much of that actually got to the "people"?
Would they even survive one Ukraine winter? They are the prima-donna of the aircraft world. They would be better off with the aircraft equivalent of the Kalashnikov - something that can be buried in mud for a month, hosed down and still come out firing.
They would be better off with the aircraft equivalent of the Kalashnikov - something that can be buried in mud for a month, hosed down and still come out firing.
That'd b the MiG-29SMT Fulcrum.
Pending the production of a fifth-generation fighter, the Russian air force is upgrading over 150 9-13 MiG-29s to a standard comparable to the MiG-29SMT (9-17); this first full standard prototype flew in 1998. ...
http://www.military-today.com/aircraft/mikoyan_mig_29_fulcrum.htm
Russia operates some 400 Mikoyan MiG-29 Fulcrum multi-role fighters, aircraft seen here belongs to German air forces
Entered service 1986 Crew 1 men Dimensions and weight Length 17.32 m Wing span 11.36 m Height 4.73 m Weight (empty) 10.9 t Weight (maximum take off) 18.5 t Engines and performance Engines 2 x Klimov RD-33 turbofans Traction (dry / with afterburning) 2 x 49.42 / 81.39 kN Maximum speed 2 445 km/h Service ceiling 17 km Ferry range 2 100 km Range 1 500 km Armament Cannon 1 x GSh-301 30-mm cannon Missiles 2 x R-27R/R1 or R-27T/T1 and 4 x R-60/60M or R-73RM2D air-to-air missilesWith its stunning maneuverability, the MiG-29 re-established the Soviet Union's reputation as a producer of capable combat aircraft. The MiG-29 was developed to meet a Soviet air forces requirement for a lightweight multi-role fighter. It was a Soviet Response to the American F-16 multi-role fighter. The MiG-29 was built in substantial numbers. About 1 600 fighters of this type were built. Most of them (about 900) were exported. After Russia, Ukraine is the next major operator with six regiments (including Fulcrum-Cs). ...
The 9-12 prototype made its first flight in 1977, and the type entered service with Soviet Frontal Aviation in 1986. Replacing MiG-23, the MiG-29 was assigned dual air superiority and ground-attack roles. Fighter regiments were also tasked with tactical nuclear strike with 30-kT RN-40 bombs.
The basic MiG-29 has proved itself as a formidable close-in dogfighter. ...
Pending the production of a fifth-generation fighter, the Russian air force is upgrading over 150 9-13 MiG-29s to a standard comparable to the MiG-29SMT (9-17); this first full standard prototype flew in 1998. The upgrade will include an N-019ME or MP radar, a modern glass cockpit, greatly increased internal fuel capacity, RD-43 engines, improved service-ability, addition of an IFR system, and increased combat load; not all of the features mentioned will be incorporated in the first phase of the upgrade. ....
Successor to the MiG-29 is the MiG-35 (Fulcrum-F). This multi-role fighter made its first flight in 2007. It has more powerful engines, new radar and new avionics. Production of this aircraft is expected to commence in the near future.
A lot of assets get stuck in the hair before touching the toilet bowl. Especially in Greece.
7 points??? I thought it was way more than that. Hell, 7 points is well within the Diebold standard deviation error range. I won't be suprised by a 'miracle upset.' Shit, I ain't suprised by nothin anymore.
Electronic voting is a lot like TV. You can just shut the damn thing off. I believe they use paper ballots in Greece.
Considering that Syriza is essentially a Marxist party I don't see why those comments are inappropriate. Syriza has two choices: complete breakup with the EU/IMF, in which case Greece becomes the next Venezuela, if not worse, or Syriza does a 180. Considering the great responsibility of taking the step to exit the Euro and the EU,they will do what the Left always does in such cases. 180 and make it look like a victory. Meanwhile being a leftist/Marxist party, you can expect more taxation, more government intervention more handouts, and frankly more of the same that have brought Greece to bankruptcy. And for anybody who tries to tell you otherwise, get a Greek newspaper, and ask him to read it for you. If he can't tell, him to go to hell with his opinions on how Syriza is different. Greece will either default and leave the EU and the Eurozone(unlikely), or Syriza will just do whatever they ask of him(most likely).
They could start a war with Turkey.
'Suddenly...THEY MATTERED!.
AND KEYNES WAS THE WINNER!"
Greece is one of the few countries that have executed prime ministers over failed wars. Interestingly enough it was the 1922 disaster of the Asia minor campaign, against Turkey. Do you think Greece can take on Turkey militarily today and win?
Despite Churchill's famous statement that "...heroes fight like Greeks" and having proven their bravery to the world many times, today they cannot take on Turkey and win.
In today's wars, I would say no. Turkey has second largest military in NATO, next to US. The amount of jets and bombs I would imagine outdo whatever Greece has. Eventually the war of attrition would be on Turkey's benefit, as Turkey also produces guided munitions. I don't think Greece produces any military goods.
They should be smart, resolve the issues with Turkey over Cyprus and sign up to TurkStream. They can then take transit fees for the gas going on to Europe - Russia has announced no gas will be supplied to Ukraine after 2020(?) or so. The EU is going to have to do some serious problem solving over energy supplies.
Greece will either default and leave the EU and the Eurozone(unlikely), or Syriza will just do whatever they ask of him(most likely).
This is absolutely logical sentence but it implies an even more "cynical" option.
What if winning leftists suspend the situation and pretend that they're still going to Grexit thus blackmailing the EU for more cure and care. Quite benefitial politically, aint?
The EU and the ECB are clear. There will be aid and liquidity as long as Greece adheres to the agreements. Do you realize what Syriza and every other left wing bullshiter in the European South is peddling? There are specific agreements in place, but we will unilaterally violate them, but expect and demand the other side to keep their end of the agreement and then some. Oh and about the Greek debt, it is not in private hands any more, it is bilateral, under UK law. Good luck defaulting on a foreign government without all hell breaking loose.
No dispute.
But let's be clear, Syriza is not a Charity. They're politicians whose interest is to get power and to keep it for long, if possible. Nor the ECB is a Charity either to think about Greek's welfare, one can guess what's a Bank interest. Yes, there are specific agreements in place, rules of the game which each player shall follow to stay in. Only outsiders want to break the game until they get into it.
However I don't think defaulting on a foreign government is extraordinary, any deal presumes a risk and any side accounts for it.
There's the option of de-dollarization, alignment with Russia and China, iran and now their eternal enemy Turkey. Greek default could be followed by abandoning SWIFT and going over to the new Russian-Chinese transfer system. New Greek currency could be issued directy without central bank borrowing.
Look for Greece to announce a large Chinese loan and participation in urgently building a major gas pipeline from the Turkish border across Greece to Macedonia, Albania and maybe even across the Adriatic to Italy. Look for a Russian agreement to buy all of Greece's available produce. A Chinese contract for infrastructure building, including a deep water port that could easily be converted into a naval base.
Perhaps the greatest threat Greece faces is war. Arming a large militia and making sure their equipment is free of US-controlled kill switches will be an urgent necessity. As will removing the military general staff and replacing them with junior officers who are committed to Greek economic independence.
The Greek people have already endured one US-imposed military coup and rule by a fascist junta. If they fail in the tasks ahead it won't be for being naive.
Earlier, on Greek vacations we were told NEVER to flush the paper but to place it in a bin next to the pedestal for later collection (or re-use). Apparently the waste pipes were of too small bore to transport the mass produced after kleftiko and salad......
We had a demo contractor in my building that had a crew of beaners that did the same fucking thing. They were used to doing that in Mehico and it was disgusting. The GC said sorry it was just what they were used to doing. I told him he better get used to kicking those scumbags off my property if I found it happened again. All it took was 4 beaners being sent to the street and the others finally started.to get it.
is that .3b in december?
Is that the N.Y. Fed executive bathroom?
Glad I have a couple years supply of Charmin Extra Soft laid in.
As a young USN sailor, I personally saw the tp shortages in Brazil in 1970. The whores would accept USN toilet paper in lieu of "cash", although they preferred US greenbacks.
No trips.to Brownsville on that tour, eh?
How does a country of 10 million repay a debt of 300 billion euros? It's ridiculous. Merkel and Draghi should shut up.
How the fuck did these 10 million greeks find.a.way to spend 300 billion?
Throw two Micks a shovel and they'll dig a hole. Throw two Greeks a shovel and they'll look for two Micks to dig a hole.
Don't forget what heartbroken socialists in western Canada used to call "sixty-second Socreds," people who said they would vote against the ruling Social Credit party in provincial elections but chickened out in the actual polling booth. (Despite the name, the Social Credit parties in western Canada were mainstream "conservative" parties under bankster control.)
So "New Democracy" still has a chance.
Either way it doesn't matter. Don't vote. Vote with your feet, before Athens starts charging for exit visas and your only ways out are to have a rich relative willing to buy your freedom for the price of a good-sized house or a pimp willing to have you work it off on your knees in Tel Aviv or Dubai.
Strange. Too many pivoting events coincide "randomly". The Swiss divorce with €, The start of € QE, the Davos meeting, the death of SA leader, the Greek turn...
Critical mass? Instable equilibrium? Or a plot?
This shitshow is way too complex to outright control. Sure, it can be nudged one way or another, but try to control it, and you will get steamrolled into the pavement.
Have you guys ever seen that Crazy bus driver on South Park?
"Critical mass? Instable equilibrium? Or a plot?"
Yes.
When all else fails, use fear...
Syriza should start holding up Iceland as a model in their advertising!
nobody has any money so how the fuck are they going to run out of tp?
a lack of toilet paper is one problem that a central bank is well-positioned to solve!
There's some nice real estate in Greece, especially on the smaller islands. Although I wouldn't buy, it will be interesting to see what happens to prices following the election.
Investing in real estate is not so smart as it looks at first glance. Firstly, it causes permanent expenses (taxes, maintenance, utilities, etc.). Secondly, you don't really own it as you can't do anything you want with it. You own a piece of paper. If the property is in another country, that country will really own it at any time.
In the best case you can sell it for more money than you have bought it for, one day.
Most likely you just lose it before or when you die. IMHO it worths only if you need it for living.
Agreed. I just like watching real estate prices. I saw a three bedroom apartment in a not so bad part of Malaysia last year and the asking price was $8k USD. Foreigners can't buy cheap real estate in Malaysia but for that price who would give a shit if it halved in value or the government repossessed? What does interest me is that cheap real estate prices often mean cheap rents and in many Euro countries, they won't rent to locals. If I could land a watefront condo in southern europe for a few hundred bucks a month I'd be interested and so I'll keep watching as things develop.
Ah, OK. Landing a condo for not big money is a really good plan.
Hey, there is more than one way to wipe your arse, and its likely that the majority of humanity don't use toilet paper anyway. Not on $2/day.
Yeah, just rip the cloth off the CRIMINALS backs and wipe your butts with that!
butt wipe, is butt wipe...Right?
https://www.youtube.com/watch?v=3XJIRHr26-4#t=58
If leaving the EU causes a TP shortage, the Greeks could always use Paper Euro Notes instead. After all, the ECB is printing those FASTER than Charmin is making toilet paper!
Not printing at all. Playing on a PC.
I guess I am naive but - fuck the Germans and fuck the fuckers who mismanaged all that shite sovereign debt bonds managed by the Goldman Sachs douche who ran their accounts. It just means that the assholes who leant them all that printed money, will lose their printed money.
Let the Greeks bail...let them start printing their own money. At least they'll have control over their own demise rather than it being in the hands of their former wartime occupiers. What kind of Greek really wants to be their bitch anyways? It just doesn't make sense really....
Get your TP, Tampons, Ouzo, bar soap and cigarettes here...... history repeats (except for the Ouzo)
I dont think worrying about toilet paper, when a leftist lunatic takes over, is fear-mongering. See- Venezuela
Army coup on Monday
“bank run” vs “toilet paper run”?
What's the difference?
Solution? Go long in TP.
11 million Greeks withdraw $15 billion in cash since last December? Oh, I get it... It's just half a dozen oligarchs moving Euros into Bitcoin.
I went long NUGT friday at 17.41 in hopes of a gold surge this week thanks to the greece election. I hope i'm right.
I hope Syriza's win, will bring a new wave of political pressure to the bureauorats in Brussels and inspire the rest of the southern states for change. Europe cannot be turned into a German Europe rather a Europe for Europeans.
They can use their old socks. I've done that before when in a pinch. You have to cut them into smaller pieces otherwise you'll have problems.