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EUR Slides As Greece Refuses To Yield To European Pressure
Despite ECB funding restrictions and German demands, it appears Greece will not yield to the pressures from its 'peers' to toe-the-line and accept servitude. None other than Greek FinMin Varoufakis made that very clear this morning...
- WILL NOT AGREE TO ANY DEAL RELATING TO PREVIOUS BAILOUT PROGRAMME AT NEXT WEEK'S EUROGROUP - GOVERNMENT OFFICIAL
While ECB's bank supervisor Nouy has proclaimed Greek banks "safe", it appears the market is not so sure as Greek Bank bonds fade along with weakness in EURUSD. It seems last night's pro-government protests have emboldended Syriza further to keep their promises, much to the chagrin of Merkel et al..
While the reaction is modest for now , Greek stocks and bonds are leaking in the confirmation and EURUSD fading.
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"no fuck you" "no fuck you" "no fuck you" "no fuck you" "no fuck you" "no fuck you"
(Leaked Excerpt from the Greek/German FinMin meeting)
This is turning out to be a really captivating thiller. Do you think it will ever make the big screen?
Next up!
Greece is a hotbed for AL-CIAda, Taliban, boko Harem...
looking pretty terroristy...
Or Langley could just dust off the 17 November or Black September guys (I think they were locked up down the hall from where bin Laden was kept on ice). There's also the Red October angle if they play the blame Vladimir card again...
GREECE: Trojan Horse of the European Union
GREECE: Achilles Heel of the Eurozone
1000yrdstare, you're late. The MSM had already started pushing that narrative by January.
http://www.cnn.com/2015/01/25/europe/greece-terrorism-hub/
They're so predictable... Next, Tsipras will be a "mentally defective dictator". Like Saddam, Gadafi, Putin and a spate of others. All they have to do is cut and paste the same baloney, just change the name.
Yeah, it is predictable...it sux cuz alot of people in the world don't see it that way...I often wonder about all of the past wars in U.S history and think its always been a sham. Makes a person depressed if he\she lets it.
No, this is a circus.
You could put together footage and audio from all the nsa spy cams and mics. Give it that real authentic look.
My Big Fat Greek Divorce
No need to fuck each other. Just fuck the system and be done with it.
Its high-time the 'good guys' make a stand and assert themselves. Fuck up all the 'bad guys'.
And all it took was removal of social benefits and a few years of misery. Hell, that could work right here in the good ole USSA!
Every cloud has a silver lining? Must be dilligent not to let the revolution get hijacked by authoratarians.
These fucking bankers are worse than pedophiles- which is not to say that a venn diagram wouldn't find a subset...
Let's just call this what it is- Economic War to gain control of countries land, labor, and resources.
Draghi- Goldman Sachs
Eu appointed Technocrat Papademos- During his time as Governor of the central bank, Papademos was involved in Greece's transition from the drachma to the euro as its national currency.
In 2002, Goldman Sachs secretly bought up €2.3 billion in Greek government debt, converted it all into yen and dollars, then immediately sold it back to Greece.
Goldman took a huge loss on the trade.
Is Goldman that stupid?
Goldman is stupid—like a fox. The deal was a con, with Goldman making up a phony-baloney exchange rate for the transaction. Why?
Goldman had cut a secret deal with the Greek government in power then. Their game: to conceal a massive budget deficit. Goldman's fake loss was the Greek government's fake gain.
Goldman would get repayment of its “loss” from the government at loan-shark rates.
The point is, through this crazy and costly legerdemain, Greece's right-wing free-market government was able to pretend its deficits never exceeded 3 percent of GDP.
Cool. Fraudulent but cool.
http://www.gregpalast.com/lazy-ouzo-swilling-olive-pit-spitting-greeksor...
Milton Friedman's & The POS Chicago School of Econicms wet dream of Global Fascism. May he be in HELL burning in a lake of Fire as we speak.
Right. Because full-blown Keynsian economics has worked out so well? Never confuse what Friedman and his acolytes (Sowell for one) talked about and the "crony capitalism" we have today.
"Crony Capitalism." What we have today are ruthless, Criiminal, Pure Evil Psychopaths / Sociopaths that run & own a Criminal system.
So, whether it be Keynsian or Shitcago School really doesn't matter. We're at the highest money printing level of both Bullshit economic theories.
'Economic War to gain control of countries land, labor, and resources.'
That War was lost thousands of years ago during the Age of Legends…. You know, “Dragons live beyond that point…. Pay of die.”
This is like having a really bad hangover.......every fucking day.
https://www.youtube.com/watch?v=yloaBw80fV4
Nuland, c'mon, one more time, all together, from the top, with feeling: FUCK THE EU !
here it is Hegelian dialect explane
http://www.crossroad.to/articles2/05/dialectic.htm
The "Hagelian Die-electric" .... is when you're hageling over the price .... of a new Tesla !
Looks like Merkel is not the only one with balls.Greece with a backbone who would thought.
Perhaps she will need new ones if her flight to Moscow transits Ukraine airspace.
The Euroshow malakia continues.
"The best way to get over a man .... is to get under a new one !" .... Greek whore lore.
I have a dream where every citizen in Europe goes out into the street and proclaims, "FUCK THE BANKERS, AND IF THE GOVERNMENT DOES NOT DO IT, THEN WE WILL DO IT TO THE GOVERNMENT."
Unless Greek banks are holding 100% reserves for on demand accounts, they are most certainly not safe in the event the ECB cuts off the euro printing.
You can be sure that the reserves for on demand accounts are closer to 1%.
Capital controls are essentially guaranteed.
The EU leaders are getting nervous. Their PIIGS are starting to get defiant.
Greece should threaten to back out of the Euro and default as well as leave NATO.
They need to hold talks with Russia. Looks like Putin is good at chess.
Obama's game is basketball.
I really hope that Greece stays strong. They could set an example to the rest of the world that you can stand up to the bankers. Why should one generation be forced into debt to pay for things that previous generations couldn’t afford? Did you know that we are still paying for WW1 here in the US? Keep a close eye on how this Greece situation plays out. It could be a key domino that really accelerates things quickly!
Of course the Euro and the dollar are ultimately doomed. Even the bankers realize this. But when situations like these pop up they only spell more trouble for them. Get out of paper currencies before things really get hairy. Buy silver and gold. They are at bargain prices currently. You will be glad 10, 20, 60 years down the road that you did. If you know someone a little hesitant to get started, get them a candle with a silver coin in it: https://www.etsy.com/shop/ScentSavers?ref=hdr_shop_menu They will enjoy the candle and learn about real money when its finished burning!
WTF is with the ongoing sales job for fucking candles with trinkets inside? Every single post ends with the cheap "silver coin" candle.
Don't tell me: You make "real money," this time with a PM twist, on the internet.
Cocksucking troll.
Are you serious? They didnt have to take that money, they begged for it! Now they dont want to keep the terms of the loan. Ridiculous people.
GOLD JUST MET WYLIE CYOOTE ON THE WAY DOWN !!
SOMEHOW THIS GIVES ME GREAT SATISFACTION BECAUSE IT IS A SIGN THAT THESE BASTARDS ARE IN PANIC MODE.
"Pussies don't like dicks because pussies get fucked by dicks, but dicks also fuck assholes. Assholes who just wanna shit on everything. Pussies may think that they can deal with assholes their way, but the only thing that can fuck an asshole is a dick, with some balls. The problem with dicks is that sometimes they fuck too much, or fuck when it isn't appropriate, and it takes a pussy to show 'em that. But sometimes pussies get so full of shit that they become assholes themselves. Because pussies are only an inch and a half away from assholes. I don't know much in this crazy crazy world. But I do know that if you don't let us fuck this asshole, we're gonna have our dicks and our pussies all covered in shit."
Brilliant .... yo da man ! LOL
You don't have to get too personal to fuck an asshole. Anything
round and hard will do....broom handle, billy club...cattle prod.
The world of Pax Americana now comes to boiling point on three fronts :
1° Mic/ in Ukraine civil war. The fall out here will be ominous as the US tries to "roll back" the Gazprom deal for Europe initiated via Schroeder/Putin handkshake on North Stream; as first step to bigger energy tie-up. As the US cannot accept such a dependency of EU on new cold war enemy now asserting his own global vision out in the open.
We have the ominous shadow of an increasing Proxy war in Ukraine that could start a new chain reaction like Sarajevo 1914.
2° MIC/OIL plays in Syrac. Here again there is a distinct desire to up the ante on the war front to protect the Oil patch in the hands of fundamentalist Sunni monarchies; with a possibility of tie-up to Iran to lure back that other ideological thorn into US sphere.
Looks a dodgy game as the Sunni alliance comes apart under ISIS-Al-Q ramp-up to oust Assad.
Nettyyahoo now the other unknown known, in this MIC play that will make Asia-MENA, from Afgh/Pak all the way to Senegal-- as in African sub-sahara- the nexus of war games for many many more years.
Its all about corporate control of commodities.
3° The financial fiat and debt conundrum around King $ and rival Euro is coming to boil on the spoils of Greece and Club Med fleece, as the currency wars hotten up.
All these crises have in common the corrosive matrix of Pax Americana's past momentum coming apart due to the inherent contradictions of its UNILATERALIST mindset as military and economic hegemon, in the now cynically ludicrous assertion of "exceptionalism" that defies palpable reality since Nam criminality.
If a new paradigm emerges on a global scale it will be written in the blood of nations and the fall of empires.
Not good for a decadent, aging and energy gluttonous world of Western-centric navel gazing, drowning in consumerist craze based on unstoppable debt rage.
That is now looking as more and more the scenario of how this multiple facetted crisis will play out in new Babylon.
3...2..1...weeks
OWND
Troika playing chicken with a train that they already took the brakes from.
Coup in 3...2...1
27% unemployment, 60% youth unemployment.
So lets do more austerity, cut more jobs, cut more...because austerity was so successful in shrinking economy...it was worth the extra debt and increase debt/GDP..... so Greece lets increase that, get another credit card to pay other ones until next time....and more cuts and austerity please until GDP shrinks another 20% and youth unemployment gets to 80%.
Of course in the end Greece totally dead, sold up and owned by EU banks, living on charity for ever more.
Wonder why they say get fucked...nothing to lose anymore.
They were supposed to restructure their economy. Clinging to government spending as a means to prosperity is what destroyed them to begin with. They needed to get government out of way and encourage industry and production. They refused to do that and so they are suffering, and squealing for more free money from the sky.
Yes, restructure by 'giving' all her assets to the IMF (BANKERS) till everything is gone, but the debt, as in this restructure only the 'interest' is being paid back?
Greece needs to go back to the Drachma and trade off her debts, Greek holidays will become wanted world wide as they will be so inexpensive! If she carried on with EU, there would be no Greek beaches to visit, they would be owned by foreign banks?
By the way, who does Greece owe the money to, considering the banks have already taken 90% of all loans?
euro weekly expected bounce should be weak
http://bullandbearmash.com/chart/euro-weekly-closes-time-november-bounce...
support near 107.50
I don't get, why the bankers/Germans don't cut the European Southern States some slack?
Isn't it better to give some breathing space, rather the whole system going tits up?
This way everyone wins and the global banking ponzi scheme keeps on going until the shit hits the fan.
I don't get, why the bankers/Germans don't cut the European Southern States some slack?
Isn't it better to give some breathing space, rather the whole system going tits up?
This way everyone wins and the global banking ponzi scheme keeps on going until the shit hits the fan.
They did cut them alot of slack, they loaned them hundreds of billions of dollars. Now they are reneging on the terms of the agreement. The money was loaned and they all agreed upon the terms. Why doesn't Greece keep it's word? They want the money but they don't want to go through any trouble to restructure their failed economies? The EU should kick Greece out immediately. They lied from the beginning about the state of their economy, and they've took money under false pretenses and are going back on their agreements yet again.
The USA/IMF is making permanent debt slaves of all people's, one nation at a time.
Talk about not "wanting to go through any trouble", The USA zio- zombie empire of eternal debt slavery is run by carpetbaggers who created the conditions that purposefully forced Greece and the other PIIGS nations into eternal 'austerity', crushed under the weight of just making interest payments and never reducing the principal balance on these monopoly 'money' printing press loans, claiming the fruit of Greece's labor forever.
EU membership under those conditions should be rejected and not just by the PIIGS but by all of the European nations including Germany.
The EU is big government at it's worst. All it does is lay a massive layer of unaccountable and unresponsive taxing authority government on top of already massive national governments and enrich/impower the BANKSTER elite it was created by and for.
Let it die. Or better yet KILL IT NOW.
The EU on it's own, doesn't exist! Though it has taken on a 'persona', the EU strives to take-away each and every countries Sovereignty and everyone's Democratic rights, so why do people support it so much? It's obvious only the money people will support such draconian tactics as they wont be subject to any 'rules'?
The IMF are a 'body' that the bankers use to 'sell' their fiat money trick. Our governments have been coerced by either Bribery, Threat, or in some cases just for the Power, remember, there are still a lot of Paedophile cases in Europe and US that haven't been 'solved'? The TTIP is the 'last nail' in the coffin of the working man, this will give Corporations all the power they need and with 'free movement' of cheap labour, everyone becomes a slave......to fiat wages.
"hundreds of billions of dollars" They lent 320 billon euro, of which 90% went to European banks? Greek people were loaned money to pay back the banks who created the problem?
The IMF intention is to steal all Greek assets, they tried this before and succeeded, but they have also been chased before?
Because the IMF want the Greek assets and under Tspiras they ain't going to get them!
I see a 'False Flag event happening in Greece, they have told the EU to F-Off and have also stated that they'll veto TTIP! They should be on their guard, Athens is already resembling a building site?
How hard did the ECB have to work to produce the "MONEY" that Greece received? No work at all. Greece should invent their own Euro making machine to produce the same counterfeit they received from ECB and repay them in kind.
Je suis Zorba! Whe all else fails ... dance. Remember the movie.
Looks like Germany is only country left that is willing to work hard while maintaining fiscally responsible monetary discapline! Greece should be written off immediately and left to deal with their 'self induced' predicament! Their false sanctimonious bravado is pathetic & sickening!
WILL NOT AGREE TO ANY DEAL RELATING TO PREVIOUS BAILOUT PROGRAMME AT NEXT WEEK'S EUROGROUP, BITCHEZ - GOVERNMENT OFFICIAL
As the desperation in the Anglo/EU inspired economic prosperity model continues it's collapse don't be too shocked if the Ukraine doctrine is on full display for Greece and Turkey with NATO support to help those wayward NATO members with a helping hand through "monetary anonymous" group therapy to get there "second wind"!...
Keep reminding yourselves as the taxpayers that hasand will continue to pay for all of it how much you are willing to sacrifice in order to make it stop!
I've been reading lately about how face-driven cultures in Asia react to being publicly shamed. Some of the discussion is how Mediterranean cultures behave in this way less so, but it is still more a part of their thinking that Anglo/American/Northern European thinking.
My oh my I do not think the ECB/Troika/TPTB do not think there will be any kind of asymmetrical reaction to this. But there may be.
gold down 2 percent...unbelievable in this news flow...what a complete bullshit
gold down 2 percent...unbelievable in this news flow...what a complete bullshit
We all could have saved ourselves an enormous amount of time 4 years ago by ignoring the "folly" of the market(s) in London and Wall Street altogether when the moves they were broadcasting loudly were so blatant.
The only market(s) that matter at this point are the ones that won't be using the SWIFT payment system and will be backing their money with something other than the slogan "full faith and credit of "nothing""!!!!
Greece has spent 90 of the past 192 years in financial crisis over which time they have racked up 6 sovereign debt defaults. Time to put them out of their misery!
The West is waiting for our Jesuit pope Francis to go to it's financial centers: eg. Wall street, the City, Frankfurt. Zurich etc. , to publically exorcise the evil, financial demons that have infested the banksters black souls. These would be true Franciscan acts (miracles) worthy of sainthood ,,,,, and the promise of eternal gratitude from all the meek and downtrodden
Socialism Kills!
>>Socialism Kills!<<
No..... it doesn't.
Just as long as you pay your tax to underwrite the 'debt'.
Socialist debt is artificial with a unsustainable 'feed-back' loop that always ends in misery & dispair! In never works & costs lives! Only Capitialism cares & shares on a sustainable basis!
The fantasy within the Troika was that they were a Sovereign power that could dictate the Politics of Representative governments
Thats whats Greece wants to believe too!