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Caught On Tape: Dijsselbloem To Varoufakis: "You Just Killed The Troika"
Amid 'turmoiling' stock markets on Friday, CNBC's Simon Hobbs summed up the status quo's thinking on the new Greek leadership when he noted, somewhat angrily and shocked, "The Greeks are not even trying to reassure the markets," seeming to have entirely forgotten (and who can blame him in this new normal the world has been force-fed for 6 years) that political leaders are elected for the good of the people (by the people) not for the markets. Yesterday saw the clearest example yet of Europe's anger that the Greeks may choose their own path as opposed to following the EU's non-sovereign leadership's demands when the most uncomfortable moment ever caught on tape - the moment when Eurogroup chief Jeroen Dijsselbloem (he of the "template" foot in mouth disease) stood up at the end of the EU-Greece press conference, awkwardly shook hands with Greece's new finance minister, and whispered..."you have just killed the Troika," to which Varoufakis responded... "wow!"
As Keep Talking Greece reports,
The joint press conference was concluding, when Greek Finance Minister Yanis Varoufakis droped a last bombshell. “…and with this if you want – and according to European Parliament – flimsily-constructed committee we have no aim to cooperate. Thank you.” Varoufakis was referring to the famous Troika, the country’s official creditors consisting of the European Union, the International Monetary Fund and the European Central Bank..
After concluding with a “Thank you” Varoufakis gives the word to Eurogroup Chief Jeroen Dijsselbloem, who wants to hear the translation first. Then he takes off the ear phones, he stands up and sets to leave. An enforced-looking shaking of hands delays the departure of the Dutch FinMin.
Dijsselbloem quickly whispers something to Varoufakis’ ear, he briefly replies back and the Eurogroup chief leaves the press conference hall as soon as it was possible.
Video: the Awkward Greek-Eurogroup Moment
The whole afternoon, Greek and international media were trying to find out “What the hell did they two men said to each other!?”
Private Mega TV reported short before 9 pm on Friday.
Eurogroup chief whispered to Greek FinMin’s ear “You just killed the Troika” and that Varoufakis replied with a simple “WOW!”
Dijsselbloem: Whisper…whisper…
Varoufakis: Whisper….
Dijsselbloom slides his hand away
Back remains Varoufakis with one palm open and the left hand stuck in his pocket – relaxed Greek style
The two men talk for a couple of minutes with lips hidden from the cameras.
Dijsselbloem leaves without turning back to watch his interlocutor.
I don’t quite understand why Dijsselbloem is sour. I’m sure that Varoufakis told him the same things when they had their 2-hour face-to-face talks.
Unless they were talking about Gouda and Feta and the Greek FinMin surprised him when he said at the press conference, that the Greek government will not negotiate with the Troika.
And furthermore, why is he offended? He is chief of the Eurogroup, he does not represent the Troika…
Most probably he was expecting a Yes-Man behavior like in the past with HOHOHO-jocker Jean-Claude Juncker, when he was Eurogroup head.
Juncker – FinMin Venizelos
Juncker – Spanish FinMin
* * *
Later that evening Yanis Varoufakis gave an excellent more in depth interview with BBC's Newsnight... to explain why Greece will not accept more debt from the EU...
* * *
One final thought - how long before this chart converges?
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Reply: Wow
Full translation: Fuck you!
;-)
I think the greeks have just taken dibs on 'Wow'.
I can see this guy being the next Archduke Ferdinand. But this time it will be a nailgun.
Then again, it could be entirely theater in the good cop-bad cop vein we have all become so familiar with:
http://www.globalresearch.ca/greece-meaningful-economic-reforms-could-co...
Hope is pretty easy to sell. Until they do something, however, it remains a fashion show.
@agent default
"Full translation: You just killed Troika, now go bail out yourself, because we are done here."
You don't get it, do you? Greece does not want yet another bailout. It wants a debt restructuring.
If you lend a guy money so he can pay his debt, he owes you. And if you give him again enought to pay what he owes you for what you lent him before, all with extortionate interests, he will go further and further into debt. All the more if 98% of the money you give him goes to his boss (the banks) and not to him.
The Greeks don't want any more bailouts that keep the banks afloat, but sink the economy. Get it?
The situation with Greece is now absolutely dangerous. What he is actually saying is they really do not trust their western partners who are pumping them with more debt and the situation is not improving. “Insanity is doing the same thing over and over again and expect a different result” – Albert Einstein. They believe that Europe could prove itself as a loyal partner only if they prove that they really want to help Greece become a strong country once again. In return Greece is willing to further tighten the budget and cut many social privileges. If Europe doesn’t want to help them to really become a debt-free nation (by cutting their debt in ½) and rebuild the economy, Greece is willing to even go bankrupt. That bankruptcy along with Greece’s veto on many important decisions the EU should make would bring the EU to a crisis and on the verge of absolute collapse of the Euro and the EU eventually.
Greek parlament will stand up and applause when they announce the default.
He KILLED Troika with a Trident!
He killed a Troika.
All I did was have breakfast. Maybe dad was right.
How weird is that?
You're welcome motherfucker!
"The Greeks are not even trying to reassure the markets,
Damn don't you hate it when that happens. Looks to me like theyre going "banker fucking"
'the markets' = the facade that all is well...
Looks like Troika just got Varoufucked.
Varoufakis is a clown. Not able to answer to a single question in that interview. This will not end well for the Greeks, but hey, that´s what they wanted.
Hardline socialists introducing geopolitics where Varoufakis is under the impression that the fire will be more bearable than the pan for the Greek common people.
He's sure looking like a future political scape-goat though. i.e. he does the hatchet job, takes the heat, then is off into the wilderness, with all the sins on his back.
Even if it doesn't end well for the Greeks, if it helps bring down the global banker oligarchy, something good will have come from it.
Oh, it'll end well for the Greeks, they just want the Western markets to sweat for a while.
And it's going to end even better for Mr Putin, when the EU's House of Turds collapses onto the EU sanctions and the Russian embargo on food.
Another Frabjous Day for the good guys..
Actually, he answered every question in a complete and thoughtful sort of way, with nuance and subtlety, just as you might expect a serious academic to answer such questions.
Dijsselbloem looks very unhappy and angry and Varoufakis appearing happy at what he has achieved LOL
Its a pity Yanis didnt have a nice new 22oz Stanley Steel Master Claw Hammer to put through the fucking skull of dieselbloom.
Start as you mean to go on my Greecian friends, Claw hammer these fucking child molesters where they stand the bunch of jumped up cunts of no human value what they are. Even fucking shit has a use, what use are these fucking imbecilic cunts? Bar being the ultimate pox upon humanity?
Burn the fuckers alive as far as I'm concerned.
;-)
Internet tough guy.
Thats me to a tee mate.
;-)
Mix, I love your most colourful rants. My #1 son is in London, if I ever get your side of the pond, I'm buying you a pint just to get the rant ad lib.
Merkel has just publicly ruled out cancelling any of Greece's debt, stating “banks and creditors have already made substantial cuts”-(BBC). After nearly a decade in power, her growing intellectual fatigue and political limitations on this and further key issues (US “spying”, Middle East, UK, etc) are becoming increasingly evident. She must now at all costs be restrained from setting the EU agenda unchallenged.
It is inconceivable that overarching strategic EU policy issues be the initiative of a tired provincial core incapable of aligning their own flawed domestic narrative with current realities.
IT IS VITAL ALL WESTERN STATES MOVE TO PROTECT THEIR COLLECTIVE SECURITY INTERESTS IN THIS RAPIDLY ESCALATING CONFLAGRATION. PRIMARY RESPONSIBILITY AND INITIATIVE MUST BE REMOVED FROM THE NARROWLY BERLIN-FOCUSED EUROGROUP, WHO WILL NEVER CONSIDER THE DAMAGING EXTERNALITIES ARISING FROM THEIR POSTURE, CREATING ALARMING PROBLEMS FOR THEIR EU (AND NATO) PARTNERS. WITH THIS TRAGIC CRISIS BEING VIEWED AS A PRIMARILY MORALISTIC CONFRONTATION BY THE MERKEL-DOMINATED EUROGROUP, CREATING SERIOUS POTENTIAL FOR AN UNPRECEDENTED ESCALATION. WE OTHERWISE RISK GROWING GEOSTRATEGIC RISKS WITH AS YET UNQUANTIFIABLE OUTCOMES FOR ITALY, SPAIN, FRANCE, PORTUGAL AND EVEN IRELAND.
Have you got a version of that for the hard of hearing? Or even better one for the rest of us who appreciate something coherent?
Release the Kraken...
https://www.youtube.com/watch?v=9HGMxZEl60k
If they succeed in killing the Troika they will go down as some of the greatest bastions for liberty in global history. I hope these treasonous evil beurocratic fucks end up swinging from our decaying lamp posts.
When I shake the hand of a dude and he doesn't look at me, I know he is a wanker.
A lying, theiving, wanker.
:-) Nice quote, but I have a question: How do you "kill" something that was stillborn?
Coming to an end
is extend and pretend
tick tock tick tock... as Mr. Dieselboom
knows the future for the Troika is doom and gloom.
Who is printing the Drachma?
I think the wheels are coming off. I know somebody will have a great argument for why this is all some big conspiracy for the next round of insanity, and I empathize, I really do, but to me, it looks like this ship is taking on water faster than Goldman Sachs can bail.
Of course, all this means is that TPTB has to move on to Plan B. Break everything and blame Greece.
Governance is nothing more than a hostage situation, "Do as I say and nobody gets hurt!"
So... what happens next is that it's time to shoot a hostage or two.
I think this time it's more blazing saddles time, (gun to own head), "back off or the nigger gets it".
looks like this ship is taking on water faster than Goldman Sachs can bail...
Looks can be deceiving. Goldman operatives are so deeply embedded in government positions worldwide, that those heads of state that would believe to be sovereign themselves are the most to be pitied. If the player at the table can't see the patsy, then...
No need to worry about whether GS will weather this storm, just remember, there would be no storm if not for GS. And by the way, why doesn't someone do an expose on TENEO the way you see the bi-annual who's who diagramming of GS / JPM / CITI / BofA / CFR players? Maybe it's waiting to be published until after the US enjoys our first male First Lady.
This news could cut into Banker Bonus pools across the EU. Who then will buy all the luxury flats being built in London? The Banks are on the hook for holding Greek debt. I hold no Greek debt, because I am way to smart to hold Greek debt, yet I get no bonus for being smart. Why do bankers get bonus for being stupid enough to fill their bank's books with Greek debt.
See my comment in the latest Greek post above this story. I lay out where the real threat is, SPAIN! 1 trillion in Debt to EU banks, and a fast rising New Party that promises to go Greek on the EU. You want to see every Bank in Europe collapse, let Spain even hint of refusing full payment on their trillion Euros! But above I say more about that issue.
Wonder what a Greek would do about somebody putting his hands around his throat?
Guess we 'bout to find out.
The proper response would be a swift elbow to the chin.
That would be the finer side of etiquette, for sure. Ass whuppin' would work where I come from.
Stiletto
That's not possible, as the attacker's arms are in the way.
Which is why you give them a swift knee to the groin first, then follow with the elbow as they relax their grip.
For each trillion you borrow, you get a free KRAV MAGA lesson [unless you borrow it from THE FED, in which case you get a KRAV MAGOO lesson].
Debt forgiveness is one of very few ways out of the current global SHITuation that I can think off the top of my head.
A reset of debt. It will be catastrophic in the short run, but better over the long run. Alot of balance sheets will suffer writeoffs, but hey, if most of it is odious, to hell with it! If there is pain to be had anyway, fuck it, let's deal with it now rather than later, it would be better for future generations, but hey, we're clearly not thinking too much about them by the looks of it.
Otherwise we bleed a slow, painful death over the long run and lie to ourselves over the short run. This is society's preferred method, the one politicians and bankers prefer. I mean, inflation fucks you stealthily, not suddenly -- The exponential function is intuitively difficult for most people. Since 1913 the USD has lost like what, over 95% of its value? Prices march relentlessly upwards, but wages are having a damn hard time catching up to this pace.
I agree with you in principle, but this is not about "forgiveness" anymore (was it ever?). This is about outright willful and inevitable default - "forgiveness" is not an option for the banks - the debt is the key to their power, and they will never relinquish their power of their own accord.
Repudiate the debt!
Let the banks finally fail...new ones will sprout up in their place.
Throw the bankers in jail or hang them in the public square.
Decimate the size of government.
Slash taxes.
Live within your means.
Western banks will be protected at ALL COSTS. You see nukes fly long before the predator banks collapse.
By bleeding slowly you can choose who dies first. I think this is their preferred tactic.
I can see the Greek army moving in if payments to the army, police and other public servants start to freeze up.
You're missing the point. The army, police and other public servants don't want Euros. They want Drachma!
I hope you are right but at the end of the day these people just want a currency that will enable them to live. My comment reflects my anxiety about an internal breakdown.
By the way, I hope the Greek government is printing drachmas in secret, in the event that the Europeans do not bend to their expectations.
FWIW, in Spain there are still some areas that use te Peseta, not quite sure how that works.
Why should Greece purchase worthless EU QE with more debt?
No one want to address how this helps Greece.
It does help the NWO communists.
How can you bailout someone who refuses a bailout? You can't!
It's clear to all in the new Greek government that the problem is you can't borrow money to payoff a loan forever. The part they don't understand is someone wants their fucking money back! A 0% payment plan is the most likely solution. The problem there will be that Spain and Italy will want the same deal.
Bailout=further foreign seizure of your country, w/o a fight! They have very little more to lose. Better to deal with the Russians.
Damn, this is it huh? I knew shit is going down but never thought it's this soon.
We've been at this point 250 times in the last 6 years... I wouldn't worry too much. If you do, buy some gold.
This soon? Huh.. I've been thinking "what the fuck is taking so long" for around six years. Personally..
I'm getting close to eleven. Mises, Hayek and Rothbard provided me with a basis for understanding the shit-show just in time to watch the crack-up boom accelerate.
We all know how it ends, just not when, as reality gets put on hold with creative can-kicking.
It's been a snails pace for 6 years but things finally appear to be picking up speed.
these kids are playing with fire... They will either have to sell their ass to Putin or come back at the end of February begging with their hat in hands. They may have the charm of the underdog, particularly appealing for the less educated, economy-frustrated folks, but it seems they don't get how an economy works. I'm more and more convinced that there will be an "exit by accident", fasten your seatbelts.
For a native greek he speaks much too fluent and well english. He is a muppett.
He is the finance director of Valve. You know, Half-Life thing, do you?
Your English could do with a brush up. Lesson One. He speaks English much too fluently for a native Greek. You are a muppet.
He's just a blogger.... hahahaha - now that was a nice intro!
The Troika is pissed - no asset stripping?
Doesn't need Euros. He's got rubles and yuan now. All he needs. And military to back him up. Tell that to Vickie (Fuck the EU) Nuland.
It's better than that. They have Drachma. All they need is a simple swap facility with Ruble and Yuan, which Russia and China will gleefully facilitate. The "west" fucked up when they decided to force a "common currency" on sovereign Nations, as it simply makes no sense to do so unless your goal is to subjugate those sovereign Nations. That's my take, anyway..
Subjugation is always the goal. The EU masters couldn't complete it back in the day at the ballot box, so they just waited until they could do it in crisis mode.
who is this totally rotten bbc bitch in the video. i LOVE this guy. he is telling the truth. the bankers are and have been raping greece by forcing them into more and more debt. and then telling them they have to buy up their assets to give them fake cash.
this guy rocks.
who is this bbc bitch? have i ever seen a take it in the ass for the team except in cnbc media? what a nasty piece of work.
i hope jamie and lloyd pay her better than baritiloma - because she is really working the banker mojo. she thinks greece should be thankful for everything goldman raped them for, and ask for more.
there isnot much diginity left, is there?
Not where Maria is concerned.
She was born without dignity, and never acquired any along the way.
Markets are in no need to be reassured , for fuck's sake . Politicians shouldnt even care in the first place . Fuck CBs TARP EFSF and all that shit.
JUST LEAVE THE DAMN THING ALONE . My god...where are my blood pressure pills again
Varufuckis has nothing left to lose. Dutch Dieselmuppet is doing his bankerjob, he is a nonelected. So, Greek banks will get out of money, all gov empl have no salaries. What will happen? EU will pay, arranged by an aside financing by bookrunner Mutti von Gottesgnaden. Move along.
Once again the BBC belies its defense of the bankster status quo showing agian its antagonism toward ideas and actions that are contrary to bankster interests.
My message for the BBC is that the pointlessly aggressive behavior of the interviewer, the "style" of confrontative questioning, cannot mask the absence of the BBC's understanding/care for the origins of the economic warfare that has been waged against common people everywhere.
Fuck you BBC, and piss on your correspondent.
As a Brit I'll second that - in spades. They really are a load of queens, cocksuckers, bumfuckers, you name it: where else could Saviles writ have run for so long? All that nauseating shit about Churchill yesterday; not a word about the debacle at Gallipoli, turning the army on the Welsh miners in the '30's and ensuring the death of several million Indians via contrived starvation. Pass the sick bag Alice!
WOW, listening to that Newsnight programme.... I wish we had more like him!
The last video with the bitch from BBC interviewing Varoufakis is epic, such an arogant cunt! But in the end it is good for the not yet awaken to see how the banksters' empire has its warriors everywhere in the lying press industry.
bioscale - geez, what a nasty brit bitch. who does she think she is ? fucking lloyd and jamie? wow. i wish the american public could see and understand this. maybe we would get our sorry ass soldiers out of the middle east.
wow. what a nasty bitch.
and what a great guy. great. smart and correct. he nails it. his former leaders and goldman and ecb fucked greece and now, it is enough, time to stop. no more of the same medicine.
Sorry about the fat finger down arrow! I completely agree with your statement fwiw.... my smart phone however had its own agenda.
meanwhile in New Jersey
Drunk guy rants about his disillusionment with America on NJ Transit train
http://www.liveleak.com/view?i=85e_1422635552
Those assholes on the train (the ones in the seats) are the reason I drive to work.
Hey bitchez, I just took a huge dump.
I appreciate that you're keeping us adequately informed.
Wow, Yanis basically just flipped the bird at the Troika. And by bird, of course, I mean Black Swan.
I guess greek ATM's will be empty soon.
M. Varoufakis is right: the proble is insolvancy not illiquidity and the problem will not go away with time.
That being said and recognised, you either manage the problem on your own or if you ask money (debt cancellation) to your neighbour you have to accept his rule of the game.
If Germany et al can recognize that the problem is one of ongoing and worsening insolvency, then it is incumbent upon them to stop the policies that are worsening the situation and to either change course or to hand back the wheel to the people of Greece to determine their own fate.
No, they don't have to "follow the rules". As long as these new Greeks are willing to "give 'em the finger to the very end", their lenders can go right ahead and lend and lend and lend... and imagine they accept his rules.
This is the old saying, "if you owe a bank thousands, you're in trouble, but if you owe a bank millions, the bank is in trouble".
And so it is.
Except in this case, as in the case of Spain, Portugal and a couple more, we're not talking millions, we're talking tens of billions. EACH.
Yup, the banksters are running in full bluff mode. From experience, they get away with full bluff mode, which just goes to show how few humans know how to operate their own brains.
This guy might. Time will tell. But all he needs to do is refuse to play their game at every step, and either they'll be shot, or Greece will become debt-free via TOTAL DEFAULT... and become independent again. A two-fer. A very big honking two-fer.
After that, the question will be, will they run their independent operation in a sustainable way? Probably not, but... we'll see.
The problem for Greece is that its stance might be good in principal but might fail in its execution.
Awesome. So I can expect the price of kalamata olives to drop soon!
People don't get it. It can't get any worse than it is for the Greeks. If you take everything away from people, you end up with an angry mob with nothing to lose. Global anger is rising, as the 1% buy their landing strips and remote houses, but there will be nowhere to hide, when the 99% wake up. This guy is helping that awakeing, not hindering it by his actions.
V for Varoufakis!!!!!
love this guy :-)
I like how the BBC reporter keeps trying to impose a narrative so they can pigeon-hole the Greeks as the a-holes here. The a-holes are the ones who keep trying to game the system instead of building a system that works.
V does not stand for pussy.
Nigel Farage commonly used "troika" to explain how the Greek government was run after the euro crisis in Greece. Farage pronounced "troika" as a derogatory term to refer to a "dictatorship" that is composed of a member of the International Monetary Fund, European Central Bank, and European Commission that "flies into Athens Airport and tells what the Greeks can or can not do."
wiki
If only the majority of Americans were smart enough to vote for and elect a guy like Varoufakis.
He seems sharp, is well spoken and gets under the banktoads' skin. Whats not to like.
Greece appears to have chosen for FM the Most Interesting Man in the World.
"I don't often tell international bankers to go fuck themselves, but when I do, I do it on camera.
Stay debt-free, my friends."
+10,000!
In his native Greek !
And so Dr. V can speak in English, and maybe French as well.
Good times.
Interesting times.
1 vs. 3, or 300 vs. 250,000
https://www.youtube.com/watch?v=zvILGIIVsMU
He also has a good 'look'...alongside the pasty-face and pinched, pursed lips of the Dutch guy, Varoufakis looks like he's about to eat him for lunch.
There's something about the way he looks that tells me he is NOT going to be a pushover for these Euro-elites...I think he means business, and I think they are scared.
Fuck you Troika!
Correction: Wow Troika ;-)
The EU as it exists today will soon go the way of the Soviet Union. In the end, the southern european nations will be carved off, leaving Germany at the head of a nordic "euro" --though more than likely though a return of the deutchmark, which I've read they've already prepared in standby.
The Germans themselves are rapidly turning east and will be among those to soon pull the plug on the EU. The sanctions promoted by the US are wreaking more havoc to the German economy than to the Russian. Congruently, the BRICS, and the 144 associated nations who have already aligned themsleves with their goals, will also soon publically advocate a move away from the dollar enmasse.
While all this has already been well underway for some time now you really gotta love the Greeks for once again becoming the spearpoint for democracy and exponentially accelerating the process. I'd call it ironic, but for the purely poetic justice of it all. What is ironic is that, with 'respect' to the EU, I completely agree with Victoria Nuland : )
Western Europe's economy was struggling along but the sanctions have made things a lot worse.
Is all of Europe going to engage in collective economic suicide for Nuland?
Wow?! Really, they say Wow in Greece? I guess the rot of western culture is worse than I thought.
Too bad it's not Greek for Eff-You.
Lol, it is now!
They were speaking English---and Varoufakis was a professor at UTexas-Austin, recall.
Dijsselbloem only ever speaks Greek in Amsterdam to Moroccan bulls.
Jeroen looks very happy, heheh;)
The banksters have created all of these "debt instruments", collecting fees on origination, commissions on the sale of high risk bonds (why do you think they are high risk) and laughing all the way, knowing that it is all unservicable. The assinity of it all is laughable.
So let the banks and bondholders choke on it...it served them so well on the front end, let the whiplash of the back end smack them silly.
Thumbs up Yanis!
Fuck the BBC, (masters of word manipulation)
http://sgtreport.com/2015/01/they-control-humans-with-words/
http://rt.com/news/228223-podemos-mass-rally-spain/
I agree. Yanis stuck it to that lackey of the london/European financial establishment. It is great to see and hear such clear thinking under pressure from that bitch.
"you have just killed the Troika," to which Varoufakis responded... "wow!"
Anybody been watching what is happening in the last 24 hours in Madrid?!!!
Nahhh... Draghi ain't worried!
You are right it will stirr things up :)
Killed the Troika? That's nothing.
I shot a man in Reno just to watch him die.
Suey!!
Dijsselbloem is a CI Certified Idiot. He is part of the horrible socialist Dutch party PVDA. They compromise on anything as long as they can stay in power. A true politician so this is a big schock to him as he has no morale.
We will never forget the blueprint-gaffe.
https://www.facebook.com/pages/Emily-Maitlis/117475674951893
WOW, her face has a color like the living dead.
Europeans: Putin is your last hope!
http://fortruss.blogspot.com/2015/01/europeans-putin-is-your-last-hope.h...
White House Is Willing to Become Mediator Between Greece and EU - See more at: http://greece.greekreporter.com/2015/01/31/white-house-is-willing-to-bec...
Why in God's name would anyone choose the massively incompetent Obumble or any clown from his administration to act as a mediator for anything?
US troops in Greece to stop a default?..........hmmmm
I'll bet. You think Dijsselbloem's going to put on a uniform and go put down the rebellion in Greece? That's what the Americans are for. "Mediators" to the world.
Funny how Brussels has no money for debt relief for Greece, but DC will have plenty for another proxy war with Putin.
So is his plan to first have the debt written off - then get new loans so they can go full Keynesian retard?
Write off my mortgage but let me keep the house - then give me a low interest HELOC so I can buy a new car, take a vacation and buy some new clothes.
Don't get me wrong - most of what he says is true - and obvious - the solution for too much debt is not more debt - but since when does the truth have anything to do with anything?
With a forehead that big Varoufakis better be watching out for nail guns.
So, if one is against austerity, against the big criminal banksters, you're branded a lefty, a communist...?
http://rt.com/news/228223-podemos-mass-rally-spain/
Yeah, it's the standard insult...even though the insulters obviously don't even know what the terms mean...
But it 'rings a bell' with listeners who have been taught that anyone who complains about Western-style finance is an "evil commie socialist redistributor" who only wants to spend "other people's money".
The terms evoke the Pavlovian response wanted by TPTB. Even though TPTB are in FACT the most socialist of ALL, and ONLY spend 'other people's money'...NEVER their own.
Exactly, brilliant double bluff. I don't I've ever seen right wing politics in the west in my 42yr lifetime.
'Privatisation' to proxy government corporations is 'Nationalisation' of course, but the people have been taught to associate all things 'private' with right wing politics and capitalism. Only now it is the privatisation of nations and continents.
Enables division, that is all.
god that limey cunt is insufferable. i'm guessing she does bankers five at a time.
Phew, these folks need to avoid: aiplanes, hot tubs, nail guns, windows (unless ground floor), self-driving cars, fishing trips, helicopter rides, subway stations, nazis, the list goes on.
Ti balls, now lets see some action.
This was never about the money. Everyone who matters (the private banks) were made whole long ago. Northern taxpayers will eat the shit sandwich. That's what they're for.
The banksters' friends in the Greek kleptocracy decided to cash out, and essentially sold the nation and its people. The decision was made long ago to foreclose, throw the Greeks out of their own country and turn the place into an overgrown holiday camp staffed by a proletariat more to tha banksters' taste---hotels by Africans and Pakistanis, ports by the Chinese. As for the Greeks themselves, well---Berlin can never have too many donair shops, and Tel Aviv and Dubai never have enough fleshpots staffed by Christians.
The only question on the table was whether the Greek people would go like lambs to the slaughter or whether they would have to be made an example of, Serbia for slow learners.
Greece will default under Syriza. They simply don't have a choice---if the debt can't be paid it won't be. For having the gall to refuse to be accessories to the murder of their nation they will be overthrown by western intelligence, or, failing that, NATO troops or a local junta. The first act of their replacements will be to liquidate Syriza.
Good on Varoufakis for deciding that it's better to die on your feet than live on your knees. I wish him luck. He and Greece are going to need plenty. Dijsselbloem et al. won't rest till they see Varoufakis hang.
Once in every while, the guy that decides to die on his feet...wins.
That guy is called Israel and in 1973 even his luck ran out. The only reason there's still an Israel is the Samson Option.
And the IDF know what they're doing. The result of the last war the Greek army fought---to liberate Cyprus---was the surrender of half the island to the Turks. If Athens told Brussels to stuff it, how long do you really think they'd last against NATO?
(Funnily enough, while the Greek army were pissing away German money on toys they never thought to pick up something that might actually deter other nations from violating Greek sovereignty, like the parts for a few nuclear weapons. Make of that what you please.)
If NATO is used on the Greeks then the EU and Euro blow up.
You joking? They can blame it all on Putin. Syriza were Kremlin agents, and NATO is saving Greek democracy. Obviously.
The Soviet invasion of Czechoslovakia didn't "blow up" the Warsaw Pact or Comecon. Stopping brother nations from wandering off the bankster reservation is what NATO and the EU are for.
Greek default now, Portugal, Spain, Italy, and Ireland to follow. The ECB will have a heck of a time printing their way out of this mess. At some point, Angela will say to hell with this and bring back the Mark.
The communist/ facist /socialist against the crooks.
I like neither side.
But Let's get ready to rummmmmmmmmmmmmmmmmmble
We're in a debt crisis, baby!
The dynamic is very simple:
The productivity and wealth of human society grows linearly. Compound interest, which represents a claim on this productivity and wealth, grows exponentially. An economy experiencing linear growth cannot match the expotential function of compounding interest, just graph them next to each other for a clear visualization of our crisis. Your widget making company expanded its sales by n%, or your widget factory got n% more productive. But in the same period, the interest repayments on your loans grew by n^1.5. Over time its clear which one wins, especially since your growth is likely to slow down, but compound interest never will.
Islamic finance doesnt allow for usury, i.e. you can't make use money to make money. For this reason they dont have booms and busts, and their system remains stable, albeit with less growth, for hundreds of years, possibly a thousand in some places. I'm not arguing for anti-usury laws (although in principle I'd be for it!), but we should at least recognize that a system using compound interest is prone to cyclical debt-crisis.
According to Steve Keen in this video [ https://www.youtube.com/watch?v=a5-LVb-OXfI ] you have two options: grind along in a neverending debt-deflation-recession, such as we have been doing, or have a debt reset. Debt reset can take many forms, including dissolving the financial institutions, holding a debt jubilee, etc. etc. But there is no way out of the debt crisis aside from 1) neverending recession 2) default/reset/jubilee.
If you are borrowing money to invest in things that generate a return greater than the interest rate -
You can come out ahead. True for an individual, business or even a government.
When a government starts borrowing money so it can create a welfare state so people don't have to work - then you are right.
The key is don't borrow money for stupid wasteful shit - borrow for things that provide a future benefit greater than the cost of the loan.
bravo bravo!
"You just killed the Troika!"
To which the proper response would be, "We can only hope..."
My (proper) answer would have been 'Intentionally.'
or as Homer Simpson would say: "WOO HOO!"
The end of the day question: Is Greece a slave of the EU?
If yes, that means no country in the EU has sovereignty.
Just burn the Greek flag if you don't want a country.
That's what the NWO communists want.
"That's what the NWO communists want."
They're also using mass immigration to breakdown national/ethnic cohesion.
Yanis Varoufakis has been a long standing comentator on the Keiser Report ; so for the ECB and troika to express 'surprise' about his opinons just goes to show how pathetically naive they were of who they were dealing with. All they had to do was either search on google or turn the TV on to Russia Today....or did they think they were going to 'finesse' him?
Hubris runs deep for those with power.
Here's an inteview he did with Naked Capitalism back in 2012. It's a good read. Varoufakis knows his stuff.
http://www.nakedcapitalism.com/2012/02/the-global-minotaur-an-interview-...
The pedophile network is getting worse and worse ...