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Eurogroup Gives Greece 10 Day Ultimatum: Apply For Bailout Or Grexit
Update: And now this: "Moody's places Greece's Caa1 government bond rating on review for downgrade"
The key driver for the review for downgrade is the high level of uncertainty over the outcome of the negotiations between Greece and its official creditors over the terms of Greece's support programmer. The outcome could potentially have negative implications for Greece's ability to meet its funding and liquidity needs and for the probability of default on marketable securities. Moody's government bond rating applies to marketable securities only.
Moody's would consider downgrading Greece's Caa1 government bond ratings were it to conclude, as a result of the review, that (1) an agreement with official creditors is not likely to be reached in time to enable the government to repay its creditors who hold debt on commercial terms; and (2) that the likelihood of a significant deceleration or even reversal in the implementation of the adjustment programmer would further hinder Greece's growth prospects.
Surely Greece must be delighted to be part of the European "Union" at this point.
* * *
Europe has an unpleasant habit of dropping tape bombs at the most inopportune of times, like at 3pm or later a Friday. And while on Wednesday it was the ECB yanking repoable Greek collateral for local banks, today it was first S&P, which downgraded Greece 5 months after upgrading it, and moments ago it was none other than the Cyprus bail-in man himself, the Eurogroup's Dijsselbloem, aka Diesel "Blueprint" BOOM, who just have Greece a 10 day ultimatum to fall into place or risk a terminal bank run and capital controls (both hinted at earlier by the post-DOJ settlement political "rating agency')
- GREECE MUST APPLY FOR BAILOUT EXTENSION ON FEB 16 AT THE LATEST TO KEEP EURO ZONE FINANCIAL BACKING -EUROGROUP CHAIRMAN DIJSSELBLOEM
This means that Greece now has 10 days, or until the Monday after next to decide whether it will stay in the Eurozone or Grexit. More from Reuters:
[Yanis Varoufakis] made clear that the new government, which came to power on a wave of anti-austerity anger in elections last month, now wanted to forego remaining bailout money that had austerity strings attached:
"Greece is not asking for the remaining tranches of the current bailout programme - except the 1.9 billion euros that the ECB and the EU member states' central banks must return."
Euro zone finance ministers will discuss how to proceed with financial support for Athens at a special session next Wednesday ahead of the first summit of EU leaders with the new Greek prime minister, Alexis Tsipras, the following day.
However, the chairman of the finance ministers said the following meeting of the Eurogroup on Feb. 16 would be Greece's last chance to apply for a bailout extension because some euro zone countries would need to consult their parliaments.
"Time will become very short if they (Greece) don't ask for an extension (by then)," said Jeroen Dijsselbloem.
The current bailout for Greece expires on Feb 28. Without it the country will not get financing or debt relief from its lenders and has little hope of financing itself in the markets.
* * *
Participants said no progress was made at a preparatory meeting of senior finance officials in Brussels on Thursday because Greece and its euro zone partners were so far apart.
"It was Greece against all others, basically one versus 18," one official said.
Almost sounds like a reverse veto out of the European "Union".
At the end of the day what D-Boom has effectively said is this:
GREECE MUST PUT THE LOTION ON IT'S SKIN OR ELSE IT GETS THE
HOSE AGAIN-EUROGROUP CHAIRMAN DIJSSELBOOM— Eddie Morra_ZH (@convert_trader) February 6, 2015
Which is precisely the thing Greece, whose negotiating position already has been crushed with the threat of a wholesale bank run, did not want to hear especially now that the government really has no choice: either it complies with European demands, and can sign its resignation right after having flopped epically, or it pushes on to find out just how badly Europe is bluffing.
Suddenly next week's emergency Eurogroup meeting on Wednesday is looking quite fascinating. We hope the caterers have bulletproof jackets.
And with that we give you... EUROPE!
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Dont fuck with GREEK GODS
paging Zeus....
So.... BUY STAWKS!
/sarc
Calling SPARTACUS TO THE FRONT-LINE BITCHEZ
Bring it on...the new Greek FM and PM must have seen this coming...if the people rally around them and the Russians or Chinese write a cheque...this will be a walk in the park...couple of weeks from now....
Bye bye EUR!
Let the breakdown of EUR begin.
Other nations will be idiots if they do not follow suit in salvaging whatever national self interest remains instead of listening to the Germans or ECB or whoever runs the asylum in EU!
Janet Nuland agrees.
Hear ye hear ye, the 3:30 ramp has been canceled
HERES Your Chance To Be Set FREE From The Fanged Vipers...
If I was Greece, just to fuck with Dijsselbloem, I'd apply and tell 'em in the application I weren't gonna pay.
So you fuckers gotta throw me out meaning you were the precipitating event of the fucking collapse of the EU and Euro.
Hah!
LOL knucks.
Lets see if House Atreides is willing to threaten the distruction of the spice in order to take control over it.
< Stay
< Go
Should they stay or should they go
If they go there will be trouble
If they stay it will be double
So come on and let us know
Should they stay or should they go
Crap, I upvoted you for the song, then realized it was a vote. Derrr. I think they go. Apply correction nstay=nstayapparent -1, ngo=ngoapparent =1
I'll go drink coffee.
You can change your vote simply by clicking the junk button.
Just as the rock leaves David's sling along it's airborne path the last thought to go through Goliath's thick forhead was how he planned to make an example of this little sheep herder.
If I was Greece I would be pushing for ECB refinancing with a 20 year zero coupon bond.
What if anything is a euro going to be worth in 20 years anyway? Hell... give them 25% compounding interest just to shut the bankers up.
Will you just call the man!
Gosh with that nose, are we sure Draghi is not a closet Kohn like Kerry.
Print baby print!
Only old white male Chosenites can print money. All you Zerohedgers are brainwashed if you think that a Christian, Muslim, Buddhist or Amish will ever be allowed to print money. Young can't print. Females not allowed to print their own currency. Those with dark skin pigment in their skin will NEVER be allowed to have a money printing press. The NATO chosenites will kill you dead before you get one bill out...
It's fascinating how even the most virulent of anti-semites are becoming increasingly "inclusive" in their rethoric. Then again, if right-wing extremists can get people of color to do the struggle against Jews for them, then that much more "pure-blooded" young whites will be spared death and misery in the process. Quite cunning indeed.
But more on-topic, the new Greek government has one ace-in-the-hole throughout this affair: Terminating the Emergency Liquidity Assistance (Greece's last financial life-line) will require a 2/3rd majority on the ECB governing council. I am not convinced that this majority is there, which means the EU is in fact not in a position to cut Greece loose.
In other words: The EU is desperately attempting to intimidate this Leftist government, but its efforts appear to be nothing but bluf.
cannot grexit -> europ crumble final stage = every litle separatist movement would go front. not even allowed to be thinked and considered.
remain... bailout... they want to stop it, but... they have not the money of the speaking.... and they cannot forget euro as money, it would be apocalyptic, so they will get a big fog on the table and every thing will keep going.
boom, done.
i should be journalist, no need single study for world news this days, as all is according the plan.
Yanis should send this video clip to these EU fucks, it pretty much sums up all what has to be said to these a..holes:
https://www.youtube.com/watch?v=7a6EOyaMdqY
Sorry Eirik but having heard the word anti-ceramic so many times it really has no substance anymore. Its all washed up. Time to get another term, you guys abused it. There is nothing about being anti clique/mafia/mob/criminal organization which works towards the detriment of Christian peoples, be it in business, finance, or politics.
The lessons of history do not lose their substance over time; they stand as a timeless reminder of what happens when people give in to easy answers and start to blame those who are different for their troubles. In an age when women of color, such as my wife, are slowly starting to achieve a basic level of parity with white women in terms of representation and opportunity, an increasing number of upper-middle class white females like yourself are beginning to openly express sympathy towards right-wing extremist views. That's hardly a coincidence.
People of privilege will always risk their complete destruction rather than surrender any material part of their advantage.
eirik my girl, you can only think in terms of identity politics, any objective data that does not support your world view - you ignore lest it pollute your absolute rightness about all subjects..eyes wide shut is no way to grow as a human.
It ain't who you are, it's what you do.
"PUT THE F*%$ING LOTION IN THE BASKET!!!" -- Diesel-Boom.
Grexit and the collapse of the Euro? I'm surprised gold only went down ~3%. Surely monetary chaos should make everyone sell their gold?
Just emailed to the Greek ambassador to the US:
His Excellency, Ambassador Christos Panagopoulos
Your Excellency:
Never have I read in times of peace the issuance such as the insane ultimatum of war as that issued by the Eurogroup Chairperson Jeroen Dijsselbloem against Greece: It is no less than the threat of unlimited warfare to destroy the Greek nation, if not by munitions, then by money.
The quote attributed to the Greek Finance Minister, Yanis Varoufakis, could not possibly be more true: "A clueless political personnel, in denial of the systemic nature of the crisis, is pursuing policies akin to carpet-bombing the economy of proud European nations in order to save them."
Many unenlightened Americans will fail to understand the reasons the Greek nation has declared its freedom from the extortion, and debt slavery, imposed on it by the psychotic sociopaths of the ECB, the IMF, and various European central banks, manipulating the financial machinery of the EU.
Unlike them, I do not fail to understand that this so-called austerity is nothing more than economic warfare designed to rape the nation of its assets, and the people of their survival, by creating an endless series of faux "bailouts" which have the real purpose of draining the nation of all its pride, dignity, and future.
When I read of the unemployment rate, the poverty level, the share of unemployed youth without hope, of female physicians reduced to prostitution to feed their children, of individuals who set themselves ablaze publicly because they are so beaten down by this war against the Greek nation, of these actions by the Troika which constitute nothing less than Crimes Against Humanity, my soul cries out in horror, and unimaginable pain, for the Greek nation.
There comes a time in history when a nation has no choice left but to put its destiny on the line, and be willing to sacrifice everything to throw off the chains, and regain its freedom, no matter what those sacrifices entail.
Because of what amounts to no less than a Declaration of War against Greece by the Eurogroup's chairperson, you are now at that point.
It is time for the world's first democracy to reclaim its heritage, and once again teach the world that remaining free sometimes requires that men and women fight for it. Whatever comes, the Greek people will adapt themselves and overcome it, just as they have overcome every other attempt by others to bury them.
Thucydides wrote, "The secret of happiness is freedom. The secret of freedom is courage."
Now is the time when the courage of the Greek nation must rise up, and face down the forces that would continue to enslave it.
Meet the ultimatum with 3,000 years of freedom, and shatter the predatory, criminal, strangle-hold of the EU on your people.
-30-
On the other hand when the global banking system crashes amongst the ashes of the ensuing derivatives holocaust (hereto to be refered to as THE GREAT HOLOCAUST)... and my ATM card doesn't work anymore... and the fruits and veggies disappear off the shelves...
Well... we will ALL surely be thinking of Greece.
Crap.. I'd better stock up on some toilet paper.
they will stay! the power of something for nothin is, well, very compelling.
last minute bend over coming; kinda like picken up dat quarter for free.
these are politians making these decisions...
they should play the clash when they enter the meeting.
https://www.youtube.com/watch?v=cLQJVKP3YlM
They would be stupid to stay...
Start printing the new dracmas !
No need to use Drachma's ..... the Greek Euro has a 'Y' prefix ... each country has its own Euro - the electronic Euro's can not be distinguished, but the the notes can be.
Just rename them as the Guro ..... zero technical changes required for ATM's etc. Already printing them in Athens..... print 300Bn and send them to the IMF, ECB and say 'debt paid' ..... next.
Ref:
http://www.thisismoney.co.uk/money/news/article-2145882/How-tell-euro-no...
Y or why?
If they stay they can run a trade deficit for a couple more years, if they go they can have a bank run and a third world economy.
.
Of course, this should all go down on a US holiday. Paging SOC GEN in 3...2....1...
Actually there's no need for Greece to fuck with Dijsselbloem et. al. For the last 2 years Greece has been running a primary budget surplus. So all of the cards are still in the hands of the Greece govt. I expect them to Grexit. The only question is trade agreements, Greece needs to prepare for sanctions, but if they get trade agreements with the BRICS then that problem becomes less pressing.
They can't replace EU trade and tourism by BRIC trade and tourism 1:1 ... not even 1/2:1. Distance does play a small part.
Release The Kraken!!
Already done...
If all goes well, it won't be the kraken that the bankers have to worry about, it will be the fact that they have to downgrade to smoking crack cocaine from snorting high quality blow off of a hooker's ass..
the Krakken went for a rub down and a tub, he's pooped !!
Gold was massively shoved down today.
This thing is going all the way, baby !!!
If anyone needed an economic crackup tipping point....over the cliff.
Then GREXIT GOLD !!! Should now starting falling ... up.
In our lifetimes !
Stack PMs now (buy the POG and POS dips..) get ready.
The soul of the species was sold
The fall of our system foretold
The heroes in Greece
Will win our release
(I'm buying the dips now in gold!!!)
We've finally released the damn Krakken
To stop all this ass frakken
But the House of Saud said No!
Time to get on your knees bitchez and blo!
Perhaps the various EU and EMU institutions are trying to get the government in Greece to fail -- so they can diebold them back into compliance?
That has a chance of backfiring. If Greece's new government was serious about its campaign promises, it should tweek the EU's nose to get the EU to put its boot on the throat of whatever is left of the Greek economy. That way the new government gets to point at the EU and say "See what these fuckers are doing to us?"
EDIT: Now that I think about it, this is kind of like the EU panicing, then saying "You made your bed, now sleep in it." It could take some of the blame off of them.
A lot of folks here think Russia and China want to see the breakup of the EU. I do not think so. I think they want to see the end of us dollar reserve status, and the euro is a step in that direction.
A grexit won't materially hurt the EU or euro. TBTF banks will be bailed out. Smaller ones may fail. No big deal. However, if spain or italy gets the same idea, then there is real trouble.
How come everyone says Greece may abandon the Euro? The problem is their debts - not the fact that they are on the Euro. Why don't they just default? They can just say "sorry guys, we can't pay you." That isn't the same thing as saying "we aren't going to pay you and to really screw things up, we are going to change to our own currency."
Sure, the Euro allowed them to borrow too much at too low of an interest rate (sub-prime anyone) so being in the Euro helped them be irresponsible. But lots of people got into trouble borrowing too much money to buy housing and got burned helped by banks which could package the debt off as AAA when it should have been rated D. It's same scam with different players.
Because the EU bailouts have strings attached, and a bailout is nothing more than kicking the can. Either it will be counted as debt itself, or it will lead to more debt. Greece either accepts that, or leaves the EU. That is the decision that the EU has given Greece.
There are no exit clauses in the Eurozone treaties .... no country can be forced out by using legal means under the treaty ... and no govt can be forced to pay its debts or interest...
Cute ...
Go Greeks send them to hell! Remind everyone that the Greeks started the Western Civilization, and by killing the squid you will help restore it!
Greece can choose to leave but the EU cannot make them leave. Thems the rules…So—Greece can tell the EU to pound sand and sit there like an unwanted guest. The only thing the EU can do is start to TRY and repo some assets. Then it gets interesting. All those who falsely compare the EU to the USA finally get to understand the main difference...Illinois (the USA's Greece) does not have a standing army.
Nice to live in interesting times....
Final Countdown? A defiant Syriza or not, there has been and will be one every few months.
p.s. Cherokee is the best song from that album. "Marchin' on the trail of tears...", an apt description.
OPA!
Yes, one would think they could milk this for a few months worth of global economic excuses.
Or, Putin could step in with a few billion Euro-equiv and gain a new client state. I am sure Greece would be happy to host a new pipeline.
Yes great album and Cherokee is one of my favorites as well. One of my most listened to rock groups of the 80's 90's and 2000's.
Not if The Clash has anything to say about it... (Clash is such an appropriate name)
The ECB is such a tease
It really has Greece on it's knees
Greek bonds are fine and then they're whack
So if you want Greece off your back
Come on and let us know
Does Greece stay or does Greece go
Spartacus was Roman.
Deadline (I hate that word) February 28th
Euro QE print fest starts....... NEXT DAY.
Go figure
Yep. Not enough people making this connection. In fact, the ECB has been doing QE all along via relaxation of collateral quality requirements within TARGET2, but few seem to know it.
So why an official announcement of the option of brand-labelled QE given they've been doing QE on the sly all along? Because this is different, it truly is US style crisis QE, at least a promise of it should the crisis appear.
When it was clear that the sitting Greek patsies were going to lose power, European crisis QE was bumped up. It has one purpose: to absorb defaulted Greek "assets" onto the ECB's books, thus re-liquifying effected bankster cartels (particularly BNP and Deutsche).
As in the US, these 'assets' will not be swapped at market value; rather the ECB will overpay as the Fed did, thereby creating moral hazard by rewarding incompetence. Nor will it be smart enough to do the swap as a repo. Banks come out winners.
I don't understand can't Merkel just fire Tsipras like she fired Papandreou? Maybe Tsipras should just say "we'll hold a referendum" and see what happens.
This world is so upside down a Grexit would probably mean S&P500 up 400 to new record high and Gold smashed to $1100. I don't even want to think about what would happen to Silver.
Anybody know who has the cash to cover all those derivatives ticking in the backround...which in turn will trigger the Great Reset once Greece defaults?
Nothing big will happen. If any TBTF banks get in trouble, they'll be bailed out. We know that. A few small ones may be sacrificed but they hardly matter.
Correct, nothing will happen. The banker whores on the ISDA committee will find a way to interpret the language of the CDS docs to mean that an Event of Default doesn't formally occur.
A largest confidence game for our next 10 days.
Who believes, what will happen ?
It will mean S&P up 400 and Gold up 400 too. All that printed Euro has to go somewhere....So it will go everywhere.
a Grexit would probably mean S&P500 up 400
Maybe so, for a week or 2 or less, and that same deluded euphoria is what occupied the minds of the last 'investors' in the Dutch tulip, South Sea and Mississippi Bubbles:
http://www.amazon.com/Extraordinary-Popular-Delusions-Madness-Crowds/dp/1463740514/ref=sr_1_3?s=books&ie=UTF8&qid=1423277933&sr=1-3&keywords=mackay
I fear that Zeus is shrugging with Atlas.
100,000 Persians didn't make 300 Spartans back down. Maybe the Eurogroup better rethink
their threat.
Full disclosure...Zorba is a Spartan, at least on his paternal grandparents side.
and p&k is a Kretan through and through.
ask the nazi paratroopers about us :-)
Ultra led to all those Fallschirmjagers getting shot down. The NAZI's should have woke up after that disaster and changed their codes.
do the eu understand that the greeks are in perestroika mode. the house is roach infessed and they need to clean house. Raid time.
https://www.youtube.com/watch?v=cXXd9LVWy-k
I thought Deutsche bank just said that the Eurogroup would fold. Now Diesel Boom is whacking Greece with this?
EU has wet noodles.
Wow! TM
they wish
Let the Games begin!
But why wait 10 days? I can name that tune in 1 day.
Really, Tsipras and his FinMin have been in power a couple days and they are already hammering them with this? So they can blow their mandate from the people in their first weeks in office or swagger around like belligerent drunks and Grexit?
I know what I'd do, but who knows how Greeks think.
You'd probably do what most ZHers would do.
"Those debts that we owe? FUCK YOU! HAHAHAHAHAHA! Grexit, BITCHEZ!"
be careful what you ask for, boom, boom.
Wow that is the largest collective ZH boner in a very long time.
williambanzia7 marvelous stuff as I personally add the looneytoons theme song.
this is who they are dealing with. they know this is who he is. he is one of those marter types, he does not fear death, he is attached to the idea that truth is more important than survival. fear the man who is not affaid to die.
https://www.youtube.com/watch?v=CRRWaEPRlb4
Michael Corleone: I saw a strange thing today. Some rebels were being arrested. One of them pulled the pin on a grenade. He took himself and the captain of the command with him. Now, soldiers are paid to fight; the rebels aren't.
Hyman Roth: What does that tell you?
Michael Corleone: They could win.
From Godfather II, one of the best scripts ever written...
Ah, the sequel to Pomos Troika
http://farm9.staticflickr.com/8085/8418364961_9dc53b1fd5_b.jpg
Hammer Time!
Fucking 2010/2011 all over again.
If I stay there will be trouble...
If I go it will be double
if you run from trouble, it will find you. meet trouble face on, you got a chance to overcome it. it easy to see evil in others, the evil in you is almost imposible to see. but those who can see the evil in themselves may save everyone else.
Wonderful! Thanks!
Fantastic comment! Thanks!
The final countdown?
Yeah, you know. The one after the last one...which was after the one before that...which was after the one before that...and which was after...I could go on...
And this time ... They really really double dog mean it.
.
I was looking for Rocky.
"Yo Adrian, dese are my turtles, Cuff and Link."
.
This blackmail clearly shows the true face of the EU imperial nature for all to see. The EU has no interest in leading either constructive or equal negotiations but uses brute force to push on its slave instead. Now we not only know but also see what that EU is all about.
Dear Greece, get the fuck out of this corrupt and dangerous clique before they'll ruin you totally! They have not a single respect for the countries they should represent. It's just a scam hiding imperial expansion. No future here!
Best thing would be to get a few billion from Russia and say 'No' to the EU. That should carry Greece through to July when a lot more debt rolls.
Poor Russians subsidising much richer Greeks. Yeah, that will fly well.
Maybe China will contribute,,,,,,,Please Greece dont wait for 10 days....pull the rug out from under them NOW!!!
Act now! Come to crazy Draghi's house of debt today! Want one trillion of debt? We've got it! Want two trillion? We've got that too! And if you sign up for three trillion in new debt, you'll get a free Spiderman towel! But act fast. The debt oppportunities are craaaazzzzyyyyy!!!!!!
Greece has no choice but to call their bluff and leave the Euro.
Slavery or freedom, that is the choice.
I think you are right. The clock has run out on passing the buck and fucking the dog. Greece can ask for a bailout and up the 300 billion Euros they owe already. Or they can default the whole thing, and exit the EU and Euro. There is a choice of more of the same only worse, or a new beginning, no matter how painful.
Only a total reset of Greece can offer any hope for the future. The shock waves in Europeans banking and all the CDS on Greek debt. Soon we will know who holds the Greeks bonds, now worthless.
God, this will be a show for the ages! Greece will go into depression and fiscal year zero. But Europe will face a banking crisis of epic scale! They will have to Print and bail. Print and bail.
Merkel is busy trying to quiet down the Eastern Front, while European Banking faces the ultimate crisis.
Remember Spain, 1,000,000,000 Euros in debt.
"Merkel is busy trying to quiet down the Eastern Front". Priceless, Jack. Love your comments.
I guess we had better stock up on popcorn and beer to watch then. If this does kick of a major financial contagion, how long do you think until it reaches the good'ole US of A? Just as many of their banks are balls deep over here, ours are over there. Dare we hope this kicks the squid right in the nuts?
No kidding, Spain is a big potato....and more on the block with Portugal, Italy and Ireland. IF this goes beyond Greece, Germany will have to rethink the entire euro project.
Mentioning Spain, you forgot at least 3 zeros.
Suppose Greece defaults and wants to keep the Euro? Can they do that? Can you imagine the banking and corporate mess if they left the Euro? How would they deal with A/R, A/P and current contracts denominated in Euros?
"But Europe will face a banking crisis of epic scale! They will have to Print and bail. Print and bail.¨
I don't believe there will be a European banking crises. However, I agree with you, the taxpayer is going to pick up the tab through print and bail.
if greece leaves(which i don't think will happen), it will be ecb redux II fed style...
Both sides have boxed themselves into a corner.
The gap seems huge.
I smell a quick referendum (in or out) in Greece.
Why don't we open a GoFundMe page for them to help defray the cost of saving the world?
The accepted wisdom that Greece will neceesarily be cut off from access to "credit" should they default is worth challenging. Recall that most of the debt is now held by the EU and EU banks and they will take the brunt of the default. There is plenty of loose cash floating around after the multiple QEs from the US et al. Greece has a chance to repristinate their balance sheets . With so much cash out there and zero global rates (except for Brazil/Russia/Turkey), it wouldn't be too much a stretch to see Greece attract a ton of fresh cash on terms tighter than some of the other basketcases out there.
The choice will always include freedom -- but the question is will they get a side order of starvation.
or...what if EU wants to grab some 'land value'...could any military do that to Greece...just take over ?
Amazing.
Interesting times.
Russia won't allow them to starve.
Then will they really be free or just have a different master?
Would you rather answer to the EU or Russia?
Always entertaining, here's Nigel Farage addressing the past Greek PM a year ago in Brussels:
https://www.youtube.com/watch?v=pVx7SeWSWss
You mean call their bluff, go all in and win the hand ... they are dealing with those who are so scared that they cannot call a bluff
10 days before they send out the hit teams
What if Grexit Monday ?
Sure would preempt any hasty actions.
Greece needs to nut up and take action on Monday. Make all the declarations, like, get out of Greece by the 16th, because we are exiting now, today, the 9th of February, 2015. The only way for Greece to survive this is beat the enemy, timing wise. Any subsequent false flags, coups, Nuland bake sales, etc. will have to be seen for what they really are.
This gives the Greek Military, a NATO Army, and EU politicians a whole 10 days to organize a coup, or a false flag ending in a coup.
I bet on a flase Flag and state of emergency. Martial Law. A closing of Parliament. The ousting of the government.
I suspect that is why 10 days were allowed. Or I could be wrong. But would the EU really allow Greece to default and ruin European banking?
Hopefully the Greeks have a good plan. Maybe they are all hiding out a Mr. Panos' ?
Maybe just let the cards fall (or plates smashing on the floor!).
It should be fascinating going forward, and I hope none gets injured or dead.
There must be fantastic pressure and difficulty on all sides now.
Anticipation.
Wow. (heh! Dr. V coined it.)
It does seem uncharacteristic of the Club to leave such a detail to chance.
While they're greedy and ruthless, I don't think that our bankster overlords are as smart as they'd like us to believe they are.
They're also a bunch of cowardly cunts who do most of their dirty-work via hidden back-channels and propaganda, but at the end of the day their power relies on their illusion of impotence and a mass-psychology that grants them the axiom that bad debt is the debtor's problem and not the creditor's.
Well, yeah, that AND they can pay big burly men a lot of money to kill you.
Going through vast amounts of court records, I can say that mass psychology is correct. Most people who get sued don't even bother to respond to the complaint and lose in default, even when it comes to the junk debt buyers, who are a whole other class of scum. I had a TBTF sue me with very shitty and contradictory records and I know that I'm not the only one who has been on the receiving end of shitty records and shysters. I kicked their asses by simply using the rules of civil procedure to demand that they prove their case. This strategy would work for a lot of cases, even with TBTF banks, but people simply won't do it. Sometimes they're scared and don't know what to do, but other times they're embarrassed. "Gotta pay your debts! It's the right thing to do! DERP!" I'm not suggesting that you borrow from a local business and default, but the bankers who get to create money and spend it first? Yeah, fuck them. The system is tilted in their favor and I like watching people shaft them.
I wish I could find that psychology experiment where some psych department drafted up a bunch of bogus dunning letters and sent them out to students and professors and found that most people would pay debts that were fictitious. IIRC, the professors paid at a higher rate than the students.
"their illusion of impotence"
Brilliant!
I agree, its mass psychology that has fostered our illusion of impotence.
speaking of mass psychology-is it clear to come out from under the bed?
is the check in the mailbox? same here as over there...
If Nuland comes bringing cookies, watch out!
THE NSA WILL BE LISTENING
They're lucky they have a choice!
I'd give this post six stars if I could for the reference to the Europe song. Very timely.
Oh, so that's what that black box is at the bottom of the story?
Cross this line!
http://youtu.be/zkzWyOaS8kU
DieselBoom is Diesel BACK!
Wheres Vin Diesel in all this?
We are going to pull that trigger against our heads on a count of 10
9
8
7
6
5
4
3
2
1.5
1.25
1.1
1.05
1.04
...
Dear Euro moneychangers.....GO FUCK YOURSELF!
-everyone else on the planet
fucking a right Colonel....
SHULTZ!!!!!!!!!!
Far back in History "Edward I King of England" threw the money lenders our of Britain. In 1269. As far as history records, the society and kingdom lived on, even without the money lender class. Though it played hell on government when they needed a loan!
Threw the money lenders out………..
Very interesting way to illustrate it.
By the way: I think if US has its way, Greece goes.
US knows that its ‘Soft Imperialism” is pretty much ending. Very soon they will have to use force. So, why not start at the Mediterranean. Also, Europe will be the one to lose the most of Greece’s domino effect.
Greece will trigger “manufacture mass-opinion” contagion in favor of United Europe.
US needs an united Europe to have a say at the real deal: Eurasia.
Ever since Syriza suddenly toned down their rhetoric I've thought that Greece is getting pushed out. I still do. It's a conspiracy guyse.
Bingo. They WANT them to get the fuck out.