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Yanis Varoufakis Resumes His Daily Punking Of Pretty Much Everyone
It will be one of those days.
On one hand, just before 8 am Eastern we get this:
On the other hand, minutes later we get this:
In short, Yanis continues to punk the global media, the headline scanning algos, and last but not least, Germany, by changing tack, strategy and process every few minutes to the point where nobody has any clue anymore what the Greek position really is. That, however, may backfire quite quickly as Germany is losing patience fast:
- GERMAN POLICY DOCUMENT REJECTS ANY GREEK ROLL-BACK ON PRIVATISATION, MINIMUM WAGE, JOB CUTS, TAX AND PENSIONS
And the bottom line is that Greece does have a D-Day deadline: February 28, and the closer it gets to it without a deal with the Troika (or any entity outside of Europe), the closer it is to a bank run, one which could very well end in tears for the upstart new government. Something Mario Draghi and Angela Merkel know all too well.
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What a complete clusterfuck.
Wow, that was the exact word that came to my mind too.
...Varoufakis is using a smart negotiating style....It's called..."burning the souvlaki at both ends".
He is pulling a Boehner. Bitch, moan, retract and threat followed by caving at the last minute.
C’mon, Mr. Clusterfakis, prick that bubble already! ;-)
Looney
It's a blame game. Nobody wants to be the prick.
Lets see..
Greek debt swap with IMF..
Is that anything like trading a scata souvlaki for a caca burrito?
More like layered moose-kaka
It keeps troika guessing which layer is true
"You learn the truth from children and loonatics"
That's why we teach our children to lie and we lock the loonatics in asylums.
Phone rings!
Child: Hello!
Voice: May I speak to your mom?
Child: She told me to say that she is not here.
Do you mean lunatics?
DavidC
The EU unloads one of it's least responsible and expensive members,
Greece get's it's "independence". Winning
"In this game, is best to be prick!"
Vlad the Smooth-chested One
maybe he's just messin with the algobots, for fun.
^^This^^
It is only through the artificial creation of tension, drama and angst at the dreaded specter of reality, that there can be a last-minute 'breakthrough', which spawns the blessed 'relief-rally' in world markets. The rally is the objective, the 'crisis' is just the ruse that gets us there.
Aka playing both sides to protect their interest. Mafia, Govts, and business alike. My guess Greece turns East in the end just makes Cyrillic sense. Key will be if Turkey follows in turn.
"GERMAN POLICY DOCUMENT REJECTS ANY GREEK ROLL-BACK ON PRIVATISATION, MINIMUM WAGE, JOB CUTS, TAX AND PENSIONS"
Who really cares what Germans think how other countries should be run. They can't even get out from under the thumb of the US and its 60,000 OCCUPYING TROOPS.
Let YV keep sending out mixed messages (Noise!), to the point where they can't tell what Greece will really do (Signal). Best policy encryption there is: tons of mixed messages.
Default when the time is right, issue own currency and tell Germany and NATO to go "malaka" themselves.
.....and then be devoured internally by furious Greeks who placed their very last hopes of escaping complete destitution on campaign promises of improvement?
They've wedged themselves into a weird situation. Unless there was some kind of prior, secret agreement and they're bullshitting everyone to death in a scripted fashion, I don't think anybody would want that job.
I'll take the job.
Just pay me in retsina, feta and nubile upcountry girls!
He's just stalling while they get the Dracmas printed up. Yanis is Libertarian so maybe he's planning to link the currency to "-----"
Elections have Consequences.
Baltic Dry Index which in no small way is connected to Greece's fortunes given the shipping is collapsing as it did in 2008..harbinger of a tough road in 2015
Bullish!
Bullish popcorn...
is Yanis trying to play the media ?????
Write the Greek debt off .... cancel it .... discharge it .... then send them a 1099 .... and declare the write off .... as income ?
We are all getting punked! Do you feel lucky punk, well, do ya?
Varoufakis wrote some books on game theory. This guy is interesting but in the end may just kiss banker ass.
http://fofoa.blogspot.com/
He will be facing the other side of the banker.
i watched that entire piece....yani is very much opposed to sound money...or in other words he does not like metals....
lets see: Rothschild Regime vs Yanis - I'll take Rothschild Regime -14 points
Greece's options. Quick death via double-tap to the back of the head (Grexit), or slow death via live flaying (ECB).
We'll know Yanis' position come the end of Feb.
And I"m pretty sure it's going to be bent over in front of the Troika.
Nothing will change.
Let's see him prove the doubters wrong.
I'll take that bet. You seem unaware that Greece actually holds all the cards. More, I would argue that the notion that the Greek people were EVER actually indebted to EU in any real sense is entirely ficticious. Naturally, this will make no sense unless one truly understands the mechanism of fiat money creation in this instance, and how that money merely flowed temporarily through the Greek banking system without ever reaching the Greeks themselves. But the threat of a bank run --which has ALREADY run it's course, by the way-- is a completely empty one.
So you are saying that the Rothschild Regime holds no cards ?
lulz. Pullmyfinger may have an antiquated notion of national sovereignty, but that's not the way of the zionista international bankster mafia cartel now is it?
True story. But have you not seen all the indications that the world has caught on to that? What I see is a panic stricken animal on its last legs, whose every move only accelerates their demise.
Only months remaining ...on death-support.
It will be our dream come true if it is to come to pass.
Long guillotines!
Edit: False flag in 3...2...
The stricken animal in the story is Greece.
Death support ends when the real run on the banks begins.
Greek Banks will have to toss the Greek Bonds. Bank and penison funds get slaughtered.
Only thing left for Greeks to rebuild from will be what they can salvage from the corpse while fighting the maggots.
Not saying that. But they sure don't hold the all-powerful hand you seem to think they still do. That little empire developed incipient fractures the moment they took JPMorgan under their wing, and the pace has been accelerating rapidly in the last decade or so. Note that the Rothschilds were also tossed out of Russia, and they sure don't speak Mandarin...
Wikipedia on JP Morgan:
The heritage of the House of Morgan traces its roots to the partnership of Drexel, Morgan & Co., which in 1895 was renamed J.P. Morgan & Co. (see also: J. Pierpont Morgan). Arguably the most influential financial institution of its era, J.P. Morgan & Co. financed the formation of the United States Steel Corporation, which took over the business of Andrew Carnegie and others and was the world's first billion dollar corporation. In 1895, J.P. Morgan & Co. supplied the United States government with $62 million in gold to float a bond issue and restore the treasury surplus of $100 million. In 1892, the company began to finance the New York, New Haven and Hartford Railroad and led it through a series of acquisitions that made it the dominant railroad transporter in New England.
New York Times on Léon Lambert:
Baron Leon Lambert, a banker and art collector, died last Thursday at Erasmus Hospital in Brussels. He was 58 years old.
Baron Lambert went into cardiac arrest 10 days ago and lapsed into a coma from which he never emerged, according to officials of Drexel Burnham Lambert, the Wall Street investment firm in which he had an interest.
He was the great-grandson of Baron James de Rothschild and the great-great-grandson of Samuel Lambert, who established the family-owned Banque Lambert in 1840.
So the Rotschilds started losing power as from 1895? Or from 2007? Or from?
Lets just think of it this way. No action was taken yesterday (or the day before, etc). So its the same old bullshit to date.
Regardless of the style of game they play, rope-a-dope or whatever, it's vitally important IF they end up pulling a GREXIT that China and Russia appear to have NOT been involved.
A GREXIT could well unleash a world of hurt in the already slowing Western bubble economies. China and Russia absolutely would not want to look like the bad guys in that . . . there's no telling how far that could go once the USSA had a juicy patsy to point to as their target perpetrator.
Meanwhile, Syrizia has to attempt to work something out, even if it is ultimately just going through the motions, to keep from looking unreasonable themselves. And they've got to burn time off the clock while they work something out with the BRICS via back channels.
Gotta say, the mixed messages using the media adds an interesting wrinkle to the drama. Comical, even. Maybe that's the Greeks' answer to the problem of trying to quietly come to at least an understanding of positions with people who then just can't keep their fucking mouths shut. Maybe they're sowing disarray among their adversaries. Maybe at the same time they're hoping that getting those ideas into the media will get the various publics thinking in greater depth about it.
Who knows. But we'll see soon enough.
Or come Feb maybe this game just continues with just enough cash given for a few more months. Like the old US debt ceiling theater.
Who is the cat and who is the mouse. Cannot tell yet.
If the Troika gets Greece bent over they plan to turn Greece into a worthless, used up, broken down and diseased whore once their Johns get done with her this time.
Yanis needs to use this time to set up a surprise Greexit. Including loading up one or more banks with all the toxic paper and moving all the good stuff into a couple good banks. Declare an official default of that paper and let the EU bankers scramble to contain the contagian.
Can Yanis play the EU bankers, stay in the EU and avoid pledging the infrastructure of Greece or the natural resources of Greece to the EU pimps who then sell Greece to their Johns?
Be careful Yanis, once the bankers get a deal they like and you sign. It is better for them if you have an accident and are no longer around to make waves or dispute their interpretation of the terms.
Greece should return the IMF debt paper under a warranty claim.
IMF economic predictions failed a reality test. Return the paper note. As for the money, it was a "consummable", similar to batteries.
' Idus Martiae '
Beware the Ides of March
~ Spurinna
Never get into a casual debt swapping match with a Greek named Anus Varoufuckis..you may be wiping IOU's from your rectum for the next week..
I note you've been a member here for 3 days 20 hours.
Hey, go easy on the old-timer.
So far its just all cheap-ass talk, no action. Until an action has been taken its all just more of the same bullshit.
So far its just all cheap-ass talk, no action. Until an action has been taken its all just more of the same bullshit.
they're setting the stage for who-is-to-blame game in case of grexit. it's fighting for a more credible narration. it might turn out to be an important dimension.
It is hardly a discussion if the main talking point is "FUCK YOU, WE ARE'NT PAYING!"
...and its bush's fault thats what obama the sun king said.
'Global investment markets' today are now nothing but some skeezy casino in Mad Max Beyond Thunderdome where you place yer bets depending on which way blood goes when they chop off a chickens head. Insane.
Watch what’s happening: when a politician isn’t a player in the world banker debt game, then he seems to be a target of financial media and politicians the world over (politicians who benefit as players).
Mock Varoufakis at your own peril.
The American/Zionist Empire encourages world leaders to become a part of its vast network of clandestine interests to cheat countries around the globe out of billions of dollars. Would that Yanis and the Greek people escape its spider’s web that entangles them in Keynesianism to spearhead the international bankers’ rush to global empire.
This, then, is the Federal Reserves and ECB's modus operandi: “Print dollars and euros to purchase real assets and securities which establishes… [their] ’fundamental value’ as a holder of assets (MBS purchases, POMO, etc.).”
That’s what globalization is all about; world control. It’s about getting the nations addicted and dependent to a debt-based monetary system and then managing them for the benefit of the looters. The value behind the currency as a medium of exchange was to be used for the people’s interests, not the bankers; that’s why America and Greece need their own currency. It’s what kept Americans free and gave them the incentive to produce. It’s what gives other nations a chance to be free.
The money manipulators are using the political frames of the Fed, the IMF and World Bank to loot the resources of the world and turn the world into a global empire.
The Fed, the ECB, the IMF, and the World Bank, are one.
I'm assuming he's yet another bankster tool that will be used as a "necessary change" to the status quo, all in order to finally usher in the fiscal union they couldn't obtain at the ballot box.
I see the outcome as being a further integration of the EU, not a break-up of it.
He's not calling it a "New Deal for Europe" for nothing, after all.
An interesting analysis, NotApplicable, which I hope doesn’t come true. At the moment, however, Yanis’ tactics are demonstrating the almost total dictatorship of unelected EU masters. That is likely to result not in compromise and surrender of the European peoples but in an increase in their frustration and anger. The reason a fiscal Europe is encountering problems is the attempt by the bankers to seal the union as a political entity in which they have attained complete control.
I rather think the danger to the bankers is greater than it appears because of the gathering attacks on the banks and the euro from both leftist parties and from the right, such as Marine Le Pen and Nigel Farage.
Nailed.It.
My guess is that Varoufakis left the IMF a voice-mail message that they refuse to listen to, thus, both sides are correct with today's politico-speak.
Managing expectations, bitchez!
Good on the Greek FM, he realises they are all liars and is playing them at their own games. Greece should stay in the EU where it can influence EU international policy, eg the stupid self defeating sanctions against Russia. The guy is a smart cookie and will eat Schauble for breakfast. The Germans would probably not mind to leave the euro themselves, the early benefits are now outweighed by future huge debt provision for other countries.
Beautifully put. And the Germans will most definately be heading East. Few seem to understand that the neocon/neolibeals are leaving them no choice.
History In the Balance: Why Greece Must Repudiate Its “Banker Bailout” Debts and Exit the Euro
By David Stockman - David Stockman's Corner
February 4, 2015 -- Now and again history reaches an inflection point. Statesman and mere politicians, as the case may be, find themselves confronted with fraught circumstances and stark choices. February 2015 is one such moment.
For its part, Greece stands at a fork in the road. Syriza can move aggressively to recover Greece’s democratic sovereignty or it can desperately cling to the faltering currency and financial machinery of the Euro zone. But it can’t do both.
So by the time the current onerous bailout agreement expires at month end, Greece must have repudiated its “bailout debt” and be on the off-ramp from the euro. Otherwise, it will have no hope of economic recovery or restoration of self-governance, and Syriza will have betrayed its mandate.
Moreover, the stakes extend far beyond its own borders. If the Greeks do not take a stand for their own dignity and independence at what amounts to a financial Thermopylae, neither will the rest of Europe ever escape from the dysfunctional, autocratic, impoverishing superstate regime that has metastasized in Brussels and Frankfurt under cover of the “European Project”.
Indeed, the crony capitalist corruption and craven appeasement of the banks and financial markets that have become the modus operandi there are inexorably destroying the EU and single currency. By fleeing the euro and ECB with all deliberate speed, therefore, the Greeks will give-up nothing except the opportunity to be lashed to the greatest monetary train wreck ever recorded.
So Greek Finance Minister Yanis Varoufakis has the weight of history on his shoulders as he makes the rounds of European capitals this week…
http://www.lewrockwell.com/2015/02/david-stockman/greece-repudiate-your-bankster-debts/
Warren Buffet once called derivatives 'Financial tools of mass destruction' or something akin to that. It is not going bankrupt that is scaring Europe, it is the fall out from the gamblers which they are trying to prevent.
Time to outlaw gambling with people's retirement funds.
The old slippery banjo playing facist maintains big positions in derivatives. Do the opposite of what cuddly Warren tells you!
I am aware of his hypocritic ways. But this derivative thing will be a snowball to hell once it starts coming undone and the old cry 'margin call' will see people jump out of windows once more.
Only if there ain't enough assets to go around!
Hey Yanis, Would you like a suckle of my zipple?
https://www.youtube.com/watch?v=32C0eKRQVt8
This guy is a game theory specialist. He is going to keep everyone guessing until the very last minute (picking up a few bucks on the rise and falls of the algos that respond to his every word). At the last minute, when everyone is exhausted, has their head spinning with what the bankers want and need, he is going to come out with his opening offer. He thinks they will grab at anything to end the madness.
Go to sleep until the 26th.
Yanis is da man.
Put yourself in his position. Myself, I'd play these muthafuckers until 28th Feb and then pull the plug big style. Out in a blaze of glory, never to be forgotten. I'd go Russian and bring the oil through.
Fuck the EU ECB IMF.
Career bureaucrats.
Varoufakis commented that GREECE `WILL NEVER SEEK FINANCIAL AID' FROM RUSSIA
Don't remind them.
Next claim will be that China has interest in using Greece as the new hub for Eurozone domination. They can just ante up the EUD 300 Billion and take over the EU and IMF positions. Yeah, Right.
Bankers will lose more through Grexit - all this out of Germany is just bluster for the benefit of their electorate!
And Varoufakis knows this!
Bankers will lose more through Grexit - all this out of Germany is just bluster for the benefit of their electorate!
And Varoufakis knows this!
I get the suspicion I'm watching Muhammed Ali playing rope-a-dope before he drops the hammer.
I could be wrong, but this guy is no dummy and he's had plenty of time to work out a gameplan.
Plenty of foreplay before the KO and Greece spins it so they look like the Grexit victim, countering the bankster
bought MSM headlines.
New government has to appear strong against troika and merkel. All understand this. If they cant find a deal which makes syriza look good, then europes taxpayers will take a small hit and greece will become cuba/venezuela. The greek banks will take a beating but the big guys have nothing to fear. The name of the game is "bailout" - of the big banks. Suspect US plans to play "hero".
No game plan.
Just continuation of tossing out the socialist political dogma.
Sounds good to ignorant voters ears.
Reality is a bit different.
The young fresh-faced visionary idealist hasn't quite figured out that he & his country has already been written off.
Wild ass guess, but he is a tool of the ECB being used to further their goals while making it appear he is anti-ECB. Greece and their 'new deal' will then be a model for Spain, etc.............
Or not.
Varoufakis commented that GREECE `WILL NEVER SEEK FINANCIAL AID' FROM RUSSIA
that seems to eliminate some leverage he had, or he's a good liar, or both
There is a big difference between seeking something and being offered something.
Varoukakis DID meet with Poul Thomsen head of IMF mission to Greece on Saturday.
inance Ministry says Varoufakis had 'friendly meeting' with IMF's Poul Thomsen http://dlvr.it/8NtngL
0 replies 2 retweets 0 favoritesDerek Gatopoulos retweeted
Lena Argiri @lenaargiri 2h2 hours agoIMF Varoufakis and Poul Thomsen met over the weekend to get acquainted and to discuss the challenges facing Greece.
0 replies 4 retweets 1 favoriteHey @SpiegelPeter so I was right - there was more to Paris ! "@YanniKouts: Greek Finance Ministry Says Varoufakis Met IMF’s Poul Thomsen"
0 replies 0 retweets 0 favorites#Greece: Finance Ministry says @yanisvaroufakis has already met with IMF mission chief Poul Thomsen http://www.minfin.gr/?q=el/news/news/%CF%83%CF%85%CE%BD%CE%AC%CE%BD%CF%84%CE%B7%CF%83%CE%B7-%CF%84%CE%BF%CF%85-%CF%85%CF%80%CE%BF%CF%85%CF%81%CE%B3%CE%BF%CF%8D-%CE%BF%CE%B9%CE%BA%CE%BF%CE%BD%CE%BF%CE%BC%CE%B9%CE%BA%CF%8E%CE%BD-%CE%BC%CE%B5-%CF%84%CE%BF%CE%BD-poul-thomsen …
0 replies 0 retweets 0 favoritesPeter Spiegel and 1 other favorited
Yannis Koutsomitis @YanniKouts 3h3 hours agoGreek Finance Ministry Says Varoufakis Met IMF’s Poul Thomsen. [#kudos @SpiegelPeter, one more touchdown]
0 replies 7 retweets 4 favoritesI've been told by 2 reliable sources that @yanisvaroufakis met with #IMF European dept chief Poul Thomsen while he was in Paris on Sunday.
0 replies 77 retweets 24 favoritesOkay, in this corner, we have a career academic economist...
And, in this corner, we have a united cadre of conscienceless loan sharks who operate in the real world.
Which one of them is going to end up in a landfill?
I personally would like to see the ripple effect when all those CDS's get triggered.