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"NEIN" - Germany's Bild Has A Message For Greece: "No More Billions For Greedy Greeks"
One day ahead of a key vote in the German Bundestag whether to ratify the 4-month Greek bailout extension, the biggest-selling, mass-market newspaper (or tabloid as some call it) with a circulation of 2.5 million, Bild, has made it very clear just how it feels about the latest Greek can kicking event.
The campaign hardly needs much explanation: the statement in German written just below the "Nein", and across a blue and white background matching the Greek flag, says "No more billions for greedy Greeks."
As part of its campaign, Bild is encouraging readers to take selfies holding the page up and send them in for publication. As Telegraph reports, selfies of readers brandishing the “Nein!” had already begun flooding in on Thursday morning, with many holding it up in their offices or outside their homes.
Lars Riiser, a banker had stuck it to the window of his office on the upper floors of one of Frankrfurt’s skyscrapers, with a view of Germany’s financial capital behind.
Another man, Steffen Beier, brandished it out of the window of his car. Some readers took the selfie holding up iPads showing the headline instead of a newspaper.
As noted above, the publicity stunt comes ahead of a vote that will seek to pass the proposed Greek reforms. Earlier today, it was reported that at least 22 MPs in Merkel's Christian Democrat party are unhappy with the deal, and indicated that they intend to defy the party whip and vote against it. As the Telegraph notes, "there is no chance of the deal being defeated, because Mrs Merkel’s coalition has a huge majority of several hundred, but so many defection from her own party would be a symbolic blow."
And while the topic of endless Greek bailouts is a very sensitive one for Germany, with public opinion polarized whether Greece whould be the receipient of what Germany sees as endless taxpayer funding, at least one entity has so far voiced against the Bild slam, when moments ago the German Association of Journalists called on the "Boulevard media" to stop the campaigneering, arguing that Bild has crossed the line into political campaign by urging readers to pose with their “Nein” poster ahead of tomorrow’s Bundestag vote. The DJV added in the words of the Guardian, that "it is ethically questionable to vilify a whole nation for the fiscal mistakes of their politicians."
Will it make a difference? For now the Bild campaign seems to be achieving its intended goal in the process once again making a mockery of the European "Union"
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Varoufakis' list: Significant for tactical reasons
that should about do it...the people have spoken...
http://bilder.bild.de/fotos-skaliert/94326_img_0298-jpg_43745705_mbhf-14...
^ Well, now i'm convinced.
the people have spoken...
In America....we're more concerned about the people that didn't vote.
are you talking to me? maybe janet can pay me to vote? oh, i'm not getting any transfere payments, hmmm.
The EU will bail Greece & the other PIIGS out on the back of the German/Northern taxpayers.
It's an inevitable conclusion to the current crisis barring an actual, real political revolution in Northern Europe & Germany.
This newspaper campaign and the participation of some Germans in it is nothing more than a cathartic mechanism to vent anger (in a futile, full of sound and fury yet signifying nothing sort of way).
The German middle class is rapidly shrinking as it is, now, as German manufacturing jobs are outsourced to places such as Serbia, Algeria, Turkey, Poland, the Czech Republic, etc.
The public perception is played like a fiddle.
Big advantage, those who own the media. Big disadvantage, those who don't, yet give it credence.
"NEIN!" It's what 'the people' want, afterall.
The power to frame the debate. Marvelous.
P.S. - EU is trying to debase currency rapidly in order to try & hold it together.
Euro just took out 112 vs USD! We're headed to parity on EUR vs USD way sooner than I expected!
yes... and no. yes, it is a currency war. no, have a look at CB balance sheet levels
as a reminder, the FED and the ECB had, not long ago, the same balance sheet size. look at the FRED statistics, read ZH's commentary on how few bonds are available for ECB QE
if the ECB would be serious about this, it would buy... USTs. lots of them. like in the "good old days"
nope, the world loves the USD, at the moment, and US megacorporations love it even moar, even if they don't bring the cash onshore but use it as collateral for inshore credit
dog -> USD, tail -> all the other currencies. the magic of the global reserve currency
"it is ethically questionable to vilify a whole nation for the fiscal mistakes of their politicians....and then there's that whole 'Hitler thing'...."
The German public (and most of other public too) don't understand that these billions don't serve the Greek but European banks These banks continue to declare credit to Greece as performing assets and they don't have to write it off as would be the case with a Grexit/default. So the Germans help themselves and not the Greek.
If they even understood how fractional reserve banking worked, this would have gone south so fast...
Yeah, I could not believe it when I heard that...like wtf!!
and also concerned about dead people that voted, a person who voted 7 times and of course our favorite, non-citizens voting
and also concerned about dead people that voted, a person who voted 7 times and of course our favorite, non-citizens voting
I think just for that I'm going to upvote you twice.
How about NEIN for the MERKEL BROTHEL. I really would love to bitchslap her till she says Varoufakis.
[ring] [ring] hello, oh hi Angela, whats that, send out how many flase flags? 2.5 million, of course, bye bye.
Step 1: The people speak.
Step 2: We ignore them and do what we want to do anyways.
Step 3: Profit!
Thats a pretty big no alright...Havnt seen a no that big since prom night...
Bild should orchestrate another Reichstag fire and blame the Greeks for it, excuse enough to send the German army to invade Greece. No doubt, Bild's publisher is following orders from Goldman Sachs.
Doesn't Goldman own a bunch of Greek debt? Wouldn't they be the first hurt? 90% of the money lent to Greece has gone directly to the creditors. I would think Goldman would be for a deal to keep them afloat until the wave of QE can wash away these bad debts and transfer them over to the taxpayers. Am I mistaken?
Banker$ don't need money itself. They materialise it out of vacuum, as needed. The purpose is to enslave the debtor. The goal is to destroy the Euro and EU.
what the common german might not understand is that germany (the EU) needs greece alot more than they need the EU. if they let the debt just flounder and default it would trigger at least an EU collapse, if not the entire world.
How about NEIN for Deusche bank?
apparently the Germans are unaware the money goes to greece just a conduit for DB. they're not bailing out greece. they're keeping DB from blowing up.
Do you actually know who the various banks that are in the game? Below is in Euros.
CNP over 2 billion
Groupama over 2 billion
Marfin over 2.3 billion
Societe Generale over 2.9 billion
Commerzbank over 2.9 billion
Generali Group over 3 billion
Alph Bank over 3.7 billion
ATE Bank (Deutche Bank)vover 4.6 billion
BNP Paribas over 5 billion
Piraeus Bank over 8 billion
Eurobank EFG over 9 billion
NCB over 13 billion
National Bank of Greece over 18 billion
IMF over 15 billion
World governments over 25 billion
Greek Public sector over 30 billion
European Union over38 billion
Eurosystem SMP over 45 billion
Everyone else including private investors over 110 billion
----
So it would appear that Greece's own banks hold more of the loans then Deutche. And outside EU type institutions hold the most.
Source: http://demonocracy.info/infographics/eu/debt_greek/debt_greek.html
So it would appear that Greece's own banks hold more of the loans then Deutche. And outside EU type institutions hold the most.
The question is who stays behind those banks and institutions. Not what's they national brand and legal form.
Well anyone can stand behind a publically traded company. Let's say I buy 1 share of Caterpiller. Then am I part of the conspiracy that catipillar takes advantage of rebuilding (construction) foriegn nations?
My point is that there are so many groups involved that Deutche Bank is only one player and probably a small player considering the numbers I cited with a source. Do you have something to contradict that?
how about all the related derivatives ?
So you answer my post by changing the topic?
Germany and Greece seem to be in a classic abusive co-dependent relationship.
https://www.youtube.com/watch?v=p8_FOQ7-P30
many marriages look like classic abusive co-dependent relationships, and many treaty-based arrangements among sovereigns look a bit like marriages
question is only if the battered wife leaves him or not. though I would not be sure who is what, here, so...
There ain't no good guy in a co-dependent marriage or this treaty-based arrangement.
Who are fucking greedy here, thruth is, they need Greeks like every other EU nation for export.
numbers say something else altogether
nope, American influence on keeping Greece in NATO has a role, as well as the influence of the Greek Diaspora all over the world, which has a very diverse opinion on those things, btw
and something that might surprise many, here: the fondness of all europeans that enjoyed a classical education for all things Greek. Greece is a bit like the batty GrandMa of the "european family" of nations. the BILD readers, bless their petty souls, don't feel this fondness because... well, because of what they are
Another day, another Greek Tragedy.
Here's the American version of that newspaper... FORE!
http://3.bp.blogspot.com/-YyeuIENscPk/VKHg0V0rjxI/AAAAAAAAdEQ/kOPRYemLhV...
Sorry, I'm paying more attention to "Das Amateur Video" article.
Ja, sehr interessant!
http://www.bild.de/video/clip/bild-girl/debby-39359060,auto=true.bild.ht...
Verbessert mein Deutsch!
mmm, mmm, mmm zee krautz kuntz
ok, germs, cut-em-loose, set them free, DO THEM A FAVOR. but we know this will not happen because, drum fucking roll, GOTTA 300PLUS BILLION PROBLEM AND THE BANKING CARTEL WANTS THEIR FUCKING MONEY PLUS INTEREST!
Its the whole game people are tired with...this print fiat money to pay interest on debt that can never be repaid..they see it as a sham...and just want it to quit..I do too...stop selling bonds...and start to pay off debt...live within your means....but that would end most politicians lives...
Including you and yours.
"it is ethically questionable to vilify a whole nation for the fiscal mistakes of their politicians."
They voted for the politicians that gave them free shit. Folks know its not free, someone else is paying for it. They know that but do not care. USA has the same problem. All of EZ has the same problem. Problem now is they have run out of other peoples money because the other people are saying NEIN!!!
Ok, just remember that you voted for your politicians too, when we are experiencing a raging hyperinflation here in USA in nearish future.
Hyperinflation meme is OVER, sheep in America too stupid to realize green paper is not money. Janet can start deflation whenever they want. Billionaires will outlast all us slaves as they buy up whatever they want with fat stacks..
You just don''t understand the recycleing mechanism built into the current system- hyperinflation has only been put off due to public sector (CB's of the world) support of the dollar when private support retreated.
Let's see what happens in the near future when dollar strength turns.
I bet no public sector buying happens this time.
(HI here we come)
"Ok, just remember that you voted for your politicians too, when we are experiencing a raging hyperinflation here in USA in nearish future."
I covered that: "USA has the same problem."
Dear Greece,
Why accept the public flogging, when you can privately come to an agreement with BRICS Bank and then publicly announce that you're defaulting on existing outstanding debt?
Well that would make sense but your talking about a political party that has always been in bed with the EU. Voting is pretty much useless world wide on a large scale. The only way to win is not play.
then there is this thingy called econ hit men...
Unelected EU will cave to Greece. German democracy has no place within the UNION.
just shut up - meaningless, worthless. bullshit talk - quit wasting your time and energy - shut up and fork over your money to the Greeks and then live with it - and did I mention to shut up?
The Germans in frustration can just get another tattoo or body mutilation.
The country is going to hell anyway.
"Remember The Tarp!" The will of the people was clear in the U.S. and the corrupt bastards still voted to give the banks nearly a trillion dollars and a promise to never prosecute the criminals. Will of the people........
"For now the Bild campaign seems to be achieving its intended goal in the process once again making a mockery of the European "Union" "
that "Union" word is actually more inflaming to Americans and Brits, who still think that if it's called "Union" then it means "as we do it"
roughly, supporters of federalism were never more then 25%, in the EU. very vocal, yes, but not many. and so we have no federalism as in the US/UK, and we probably won't have one for probably a century or more
for criminy, even in the UK federalism is decreasing, with Scotland getting more and more fiscal autonomy. While sharing a currency, the rascals
nope. the EU is an alliance of sovereign countries. at most, a proto-confederation. same as the eurozone/ECB/EuroSystem, and nobody calls NATO a "union"
and the banks in London will probably never stop lobbying for a fiscal union coupled with transfers. if they can't get hold on more FX crosses, at least they wish for a EuroBond
btw, banks in London are also lobbying for the UK staying in the EU. hilarious, isn't it?
That which cannot be sustained, won't be, period.
which is a reason for balanced budgets. then eventually, balancing your budget will become a standard... again. now, of course, it's the question who will suffer... "moar". those who fully believed in Dr. Krugman or those who started to take their medicine beforehand?
Sorry Ghordius, there is no economic, political, monetary, or fiscal solution to scarcity, it's high time that everyone starts working for a living again. Including useless bankers, financiers and statist paper-pushing fucks.
particularly "useless bankers, financiers and statist paper-pushing fucks"
banking used to be something like grease in the machine, and account for 2% of the economy. now, whole nations are based on finance, making up 12% of GDP in "you know where"
do I have to write FUCK YOU here from time to time so that you believe I'm not a "statist paper pusher", btw, or has this comment nothing to do with the previous one?
there is another word for scarcity: economy, as in "to economize". whereas I return to my mantra: balanced budgets
%Ghordius I think balanced budgets are great however they are an illusion. Think about the benifits a country like Germany enjoyed by the fiscal union that is EURO. They allowed, not out of the goodness of their heart but for profit, the entry of countries that did not meet the EORO's own standards. Their banks paid taxes to them GDP was increased etc. etc. So, in essence Germany's sucess is prdicated upon the failure of debtor nations. They got theirs but now want to wave the rule book.
So just like the baby boomers here enjoyed cheap gas,low interest rates, and a booming stock markets, they got their cake, but never the whole bill due. Maybe Greece should sell their military equipment back the German's or better yet to the UKE's.
So long as banks are free to drastically expand and contract credit, it is fantasy to speak of governments running balanced budgets.
Bank-sourced volatility in total 'money' Is buffered by govts moving in the opposite direction (sectoral balances). Cross-border flows must also be buffered. Failure to do this is political suicide due to the social malaise that results in a downturn that has been inadequately provisioned for by a prior surplus.
The EU+EZ guarantees this malaise when it prevents govts from buffering. This was one of the first points that Varoufakis publicly made and it's simply ridiculous that it isn't being admitted, with a viable solution sought. Greece has no choice but to run a deficit right now, funded by Germany, if it wants to remain in the EZ. Suggested reforms will not fix the main underlying problem: a financial system with volatility that exceeds the buffering capacity of governments.
Rein in the banksters. Where is this discussion happening?
I'm fully in favour of reigning in the banksters. Actually, most europeans think banking should be like facilities, hence the EU Banker Bonus Cap which British megabanks are flaunting
there is nothing to prevent the setup of funds, beforehand, for such buffering, if you find the political will to do so, is it?
but there it is, plenty of credit sloshing around the planet looking for speculative opportunites
Mediocritas, private individuals do too something against the vagaries of the economy. And no, you are wrong, there with "Greece has no choice but to run a deficit right now, funded by Germany"
the whole row between them is about a budget surplus of 1% or 4%. yes, primary budget surplus, but nevertheless, it's peanuts, compared to what is taken for the headlines
Okaay,
How about "The European Kinda Hanging Out Together in a Friendly Predatory Way"?
Too long?
The European Dystopia Union?
Nah.
Let's go with "Hands Up!"
I think in Star Wars there was that Trade Alliance. First on the side of the Republic, then of the Empire, and then of the Rebels, if my geek memory slot is still functioning
But the others in the EU can't have that happen. They try and smooth things out.
The soap opera "As Greece bailouts go on" continues.
the bailouts will continue until morale improves
technically, this "morale improvement" is contingent on Greeks stopping the practice of siphoning their revenues... from Greece, be it from the Greek taxman or just transferring funds from Greece to Germany or the UK. question is, when will they feel it's time to invest in Greece again? the non-dom Greeks in London, for example, look with horror and wait for better times. some of them are there since the times of the military dictatorship
it continues because the freshly elected Greek Parliament has now first to make up it's collective mind. and since many of the 300 MPs are "freshmen", it's a process that will need some time
but "the rest in the EU can't have that happen"... is wishful thinking. watch them doing it
Then again, maybe not. There is an increasing number of voices inside SYRIZA which promote the idea of NOT bringing the "extension of the agreement" up for a vote in the Greek parliament. The argument is that if the Europeans vote for it, we don't have to.
The real reason is of course they don't want to risk negative votes from their own ranks, in the first month of governance. Democracy at its finest.
it's not easy to be a fresh Member of Parliament, and it's even harder when a whole party is for the first time at government
what is really bad is that this does not happen more often, elsewhere. just my opinion
You are right, but I would, kind of romantically, expect that when someone declares themeselves a candidate, they should at least have some responsibility, understanding policies and laws (including some Excel skills), and some formulated plan of how they think they can do better than others. Otherwise, what would be so good about putting fresh memebers in a Parliament, if they are going to continue in the inadequate, to say the least, ways of the stale ones that were sent home?
+1. I could write either a book about your comment or leave it as it is
Most people have short attention spans, politicians, banksters all know this. The internet drives the control freaks crazy when it doesn't carry the "correct" message.
Everyone involved knows that Greece can't repay the debt it now has, extending it changes nothing and "they" all know this. The euro is a flawed failed expensive experiment.
So what to do since failure is not an option?
"Everyone involved knows that Greece can't repay the debt it now has, extending it changes nothing and "they" all know this. The euro is a flawed failed expensive experiment."
One huge fail in a few short years.
here's what to do - just erase it:
http://www.zerohedge.com/news/2015-02-25/magical-debt-disappearance
problem solved
next - give me a harder one
"The euro is a flawed failed expensive experiment"
that's an often repeated mantra. why? because it does not allow for... pork?
so every State in the US has a certain amount of funds allotted from the federal taxes because of a calculation on how much it's "suffering" from the USD?
or is this just... politics? at which point, where is the difference between national politics and inter-national politics?
walking is a flawed system of locomotion. technically, every step is a near crash. I presume this is why driving is better for your health
http://en.wikipedia.org/wiki/Federal_taxation_and_spending_by_state
Of particular note are Florida, Kentucky, Alabama, North Dakota, and South Carolina.
thanks for the link, it was new for me. I read there "Spending is largely focused on areas of poverty, the elderly, and centers of federal employment such as military bases". As I wrote, I don't see there a "calculation based on the effects of a common currency on aggregated levels of competitiveness".
transfer payments are politics of the national kind, in the US. International debt restructurations are politics of the inter-national kind, in the eurozone
to each to his own gusto. and if we go back to gold, worldwide, it's even more so, as it was before
Exactly why T2 and IDSA can't be called equivalent (amongst other reasons). International vs national. Are we agreeing on this now?
no, I still either don't agree or don't understand you
If I buy a Greek asset with Greek bank leverage, I owe "Greek" bank debt, freshly created for me based on the collateral at hand
If I make a profit over the years, reverse the deal, I hold "Greek" bank credit... even if I'm not Greek, in a Greek bank
if I transfer this balance to Germany or the UK... it hits T2, in the same way as it hit it in the other direction with the initial funds from let's say Spain
I'm very wary of using any "it's like in the US" comparisons because it's usually wrong on many levels
T2 is an indicator for many things, but the devil is in the details
Mediocritas, the opposite of T2 is... capital controls. T2 just indicates that plenty of originally Greek bank credit is elsewhere
I see a link between a strong dollar and poverty, perhaps I'm alone in that. ;)
Well not everyone accepts the premise that the EU, Canada, UK and USA are socialist states. But it is accepted. This is the basis of what ever you call our governments today.
So yeah, we measure suffering and also allocate based on suffering. The effect of this process is controversial since if we didn't allocate social welfare funds people would make different decisions. Below are all Socialism or legislation for socialism. We are a socialism country. And even we have granted more powers back to employers after we gave powers to unions in an effort to equalize the power between management & workers.
- Clayton Antitrust Act 1914
- Railway Labor Act 1926
- Social Security 1935
- Labor Management Relations Act of 1947
- Contract Work Hours Standards Act 1962
- Equal Pay Act of 1963
- Civil Rights Act of 1964
- Economic Opportunity Act of 1964
- Food Stamp Act of 1964
- Medicare passed 1965
- Medicaid passed 1965
- Voting Rights Act of 1965
- Higher Education Act of 1965
- Immigration and Nationality Act of 1965
- Motor Vehicle Safety Act of 1966
- Child Safety Act of 1966
- Age Discrimination in Employment Act (ADEA) of 1967
- Truth-in-Lending Act of 1968
- Land Sales Disclosure Act of 1968
- Bilingual Education Act of 1968
- Think Medicaid expanded in 1968?
- Occupational Safety and Health Act of 1970
- Migrant and Seasonal Agricultural Worker Protection Act (MSPA), passed in 1983,
- FLSA amendment increased the minimum wage to $5.15 an hour 1996
- Fair Minimum Wage Act of 2007
@wmbz, Well said
The failure has already occured long ago.
The problem is that no one wants to admit it.
The only purpose of the bailouts is to allow Greece to keep paying it's debts.
If you stop the bailouts, Greece goes bankrupt and its creditors are down 340 billion.
Catch 22.
The importance of prudent lending.
Unless those peeps are in the Bundestag, I'd wait until the bribes are finished being counted. DB can be very persuasive when they're up against a wall.
Okay, no more interest payments for greedy bankers and financiers...
sounds like a "win-win" to me.
Sad that the German people have bought into this 'debt colony' distraction. The real greed is in the bond holder structure and the imposed austerity to pay the bankers. Let the German's say Nein; they will regret it when Greece leaves and their own economy implodes. www.market-guru.co.uk
It don't mean $hit. Elected officials could care less. Hasnt ZH learned this yet?? I heard Hank Paulson is going to repeat his TARP bill speech and Bohner is going to give a tearful plea to the Bund.
https://www.youtube.com/watch?v=hZ-70rQD19M
Greek buttfuckers!
They shoulda only asked young frauleins to pose with the paper, imho.
I walked past an English teaching school in Malaysia today. One of the posters in the window was "try to say the following aloud: 'real eyes realize that these are real lies.'" Not very profound but the whole EU/Greece farce reminded me of it.
Forgot the most important part of that story. There was a young Filipino chick at the entrance with a rack to die for.
And hidden under his/her skirt was.........?
Are BILD and its readers confused?
Don't most of the new loans now go to pay off
the old loans and interest on the old loans?
And weren't most of the old loans to pay for Greek imports,
(NATO weaponry & ponzis enriching international kleptocrats like Goldman Sachs, some nominally 'Greek')
and to assist German exports by help keeping the EURO from appreciating?
Why is BILD only opposed to the "greedy Greek" kleptocrats
when so many others nominally from so many other nations (including Germany)
have had a hand in creating the debacle?
The average German is as dumb as fuck as the average American.
Stupid germans....kicking Greece out of the Euro will cost more than keeping them....They should have said NEIN to Rotschild 23 years ago instead of ratifying the Maastricht treaty
This is getting better by the minute. https://www.youtube.com/watch?v=Afl9WFGJE0M
German -Varoufakis Parody
Haha,
The Walking Debt.
Greece should fire up the drachma printing press and stiff the bankers.
Yeah, the hell with Bild. Show us some Bruste!
Interesting to see most Germans are fat asses now too.
Under the terms of the Memorandum, which is now 'the agreement', Greece had waived sovereign immunity. The loan was written under English Law and in the jurisdiction of the Court of Luxembourg. The State Immunity Act, 1978 applies and there is no exclusion.
In the event of default, its creditors can lay claim to Greece's assets wherever they are, so never a lever and certainly never an option.
Tsipras and Varoufakis must have known that. They knowingly hoodwinked the Greeks to get elected.
Perhaps the banker fellows would have taken a bit more care if they lent their own money?
..... Moral Hazard ..... Due Diligance..... shit like that.
edit .... forgot..... do / did they take a fee upfront? ..... he asked knowingly.
?
NEIN,..no more payments to greedy banks.
What you get when you put your ass in the air for everyone to have their way with you.
http://www.socialeurope.eu/2015/02/greek-deal
Reading the Greek Deal Correctly (by James K. Galbraith)
... and "We note that the commitments outlined by the authorities differ from existing programme commitments in a number of areas. In such cases, we will have to assess during the review whether measures which are not accepted by the authorities are replaced with measures of equal or better quality in terms of achieving the objectives of the programme” from (super) Mario Draghi in relation to the Greek (reported) capitulation...
no wonder BILD says NEIN (it represents the european staus quo of extreme austerity)
delusion and reality:
according to this: http://www.n-tv.de/politik/Varoufakis-erklaert-Troika-fuer-abgeschafft-article14593996.html
translation https://translate.google.de/translate?hl=de&sl=de&tl=en&u=http%3A%2F%2Fwww.n-tv.de%2Fpolitik%2FVaroufakis-erklaert-Troika-fuer-abgeschafft-article14593996.html
remark greek population are informed about last weeks developments quite contrary to popular european perception
What is needed here is some shovel ready jobs to create some green shoots! maybe build an Olympic village and some sports venues!
But didn't all the pundits, analysts, and talking heads claim that the Greeks caved in? If so, why the Nein's?
Oh give me a break! Germany banks sold toxic derivatives with 100% guarantee failure rate and now demand Greece to pay up these debts. Talk about helping a known addicted gambler by giving him more money.
Classic: https://www.youtube.com/watch?v=UU_GhqVgc9M
I'd otherwise be inclined to say, "fuck the Greeks", but sticking your dick in filthy, goddamned whores is just bad policy.
additionally german lawmakers are getting very very angry about the greek "boys" not listening to european/german "teacher" lessons.
and russia is pumped in german media actually... next russia eats moldavia is the new topic
Well...why the germies don't kick everybody out and keep the euro just for themselves? Oh, wait!! If they do it their "euro" will jump 80% and trash their economy. So those freaking germies better shut up and write the darn check.
Now wouldn't that be wonderful. The German parliament shooting down what the "new" Greek government should have walked away from right from the beginning. Just repudiate the debt, crystalizing the "bad debts" the lender banks undeniably have, and leave the euro for the drachma.
David Stockman was the one who had Syriza pegged best. How Keynsian their ecomonists were. So in need of money to spend, spend, spend. So eminently bribable.
The Greeks came to the EU on their knees with hat in hand, because they had an unsustainable spending problem that decimated their economy. Germany ended up footing the bill and how did the Greeks repay them? By electing communist rabble-rousers to try and slither out of the terms of repayment! Imagine a friend comes to you who is broke because he pissed his money away on extravagent vacations while barely working. Now you lend him the money on condition that he gets a job, stops pissing his money away, and makes an effort to pay you back....and after 3 weeks of working full time and not being able to afford beer and lapdances twice a week, he starts calling you a slave driver and threatens to stop repaying you ( while still asking for more! ).
That is essentially what is happening between the Greeks and the Germans right now.
I stopped at "Now you lend him money ..". Who is the idiot here? Drinking the Kool Aide, smoking dope and crack, and generally killing your brain cells is not attractive, thoughtful, or helpful to anyone. This kind of thinking is exactly the stuff that government's use to convenice the goverened that they should "help thy neighbor or be a patriot", but don't ask why this is so, "Yes we can"!!
Now if we can just our message across “…No More Billions for Greedy Democrats…”
I hope the Germans do throw it out.
I suspect Tsipras are counting on the a negative response so that they will then have a chance to convince the deluded majority of Greeks that sticking with the Euro is not in their best interests.
Default entirely, stuff the control freak lenders and their bloody destructive derivatives, go back to the Drachma, it can't get much worse.
In the background there are people who are producing all this wealth that's being stolen. Why should they keep paying and paying and paying?
It will come to a stop, one way or another.
"Why should they keep paying" (ie: giving away the fuits of their labour)? Maybe it's because the people producing real wealth (food, clothing, shelter etc) are such a minority group that they don't really have much of a say in it. Democracy in action.
Just billions for fascist Ukrainian killers.
So thats alright then.
Sorry Greece.
Varoufakis and Tsirpas posing with BILD "NEIN" in front of Pantheon.
In fact, millions of Greeks shouting NEIN, NEIN, NEIN all the way from Athens to Berlin
NOBODY WANTS TO MAKE ANY MORE FUCKING DEALS WITH THE REAL PIGS THAT ARE THE BANKSTERS
but do they have a hashtag? I'm not taking it seriously unless they have a hashtag
Half of those 'Germans' look like vibrants to me....
if nei9n,
then let the Greeks go and kill the political creation Euro.
I'll fill 'em in with google translate)nicht mehr eine "Nation" mit einem Stand und " Bürger " sind aber nun eine " Volksgruppe " , entsprechend zu handeln !(google translation)Germans saying "Nein" to Greek loans is like Americans saying "no" to illegal immigration, their opinion doesn't matter.
Germany doesn't "get it" because Germany is a non-state and hasn't informed it's citizens yet, Germans have co-signed "unlimited forever" credit card agreements with unknown Greeks.
There is no reason for the German govt to exist other than to enforce EU debt collections, GBermany is a tool of the ECB.
No way are the banks gonna let the Germans out of their contract, that would leave the banks stuck with the debt program.
The Greeks will never leave the EU, removing them will be like booting illegals on welfare, Greece was intentionally forced into the EU to circumvent EU borders, the entire country is a Trojan horse.
PEOPLE LIKE PETER SCHIFF WANT TO BLAME THE GREEK PEOPLE FOR THEIR FINANCIAL CRISIS, BUT THE TRUTH IS MUCH MORE SINISTER: THE CONFIDENTIAL MEMO AT THE HEART OF THE GLOBAL FINANCIAL CRISIS
The Memo confirmed every conspiracy freak’s fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet.
The Treasury official playing the bankers’ secret End Game was Larry Summers.
The memo is authentic.
I had to fly to Geneva to get confirmation and wangle a meeting with the Secretary General of the World Trade Organisation, Pascal Lamy. Lamy, the Generalissimo of Globalisation, told me,
“The WTO was not created as some dark cabal of multinationals secretly cooking plots against the people... We don’t have cigar-smoking, rich, crazy bankers negotiating.”
Then I showed him the memo.
It begins with Larry Summers’ flunky, Timothy Geithner, reminding his boss to call the Bank bigshots to order their lobbyist armies to march:
“As we enter the end-game of the WTO financial services negotiations, I believe it would be a good idea for you to touch base with the CEOs…”
To avoid Summers having to call his office to get the phone numbers (which, under US law, would have to appear on public logs), Geithner listed the private lines of what were then the five most powerful CEOs on the planet. And here they are:
Goldman Sachs: John Corzine
Merrill Lynch: David Kamanski
Bank of America: David Coulter
Citibank: John Reed
Chase Manhattan: Walter Shipley
The year was 1997. US Treasury Secretary Robert Rubin was pushing hard to de-regulate banks. That required, first, repeal of the Glass-Steagall Act to dismantle the barrier between commercial banks and investment banks. It was like replacing bank vaults with roulette wheels.
Second, the banks wanted the right to play a new high-risk game: “derivatives trading”. JP Morgan alone would soon carry $88 trillion of these pseudo-securities on its books as “assets”.
Deputy Treasury Secretary Summers (soon to replace Rubin as Secretary) body-blocked any attempt to control derivatives.
But what was the use of turning US banks into derivatives casinos if money would flee to nations with safer banking laws?
The answer conceived by the Big Bank Five: eliminate controls on banks in every nation on the planet -- in one single move. It was as brilliant as it was insanely dangerous.
How could they pull off this mad caper? The bankers' and Summers' game was to use the Financial Services Agreement (or FSA), an abstruse and benign addendum to the international trade agreements policed by the World Trade Organisation.
The new FSA pulled the lid off the Pandora’s box of worldwide derivatives trade. Among the notorious transactions legalised: Goldman Sachs (where Treasury Secretary Rubin had been co-chairman) worked a secret euro-derivatives swap with Greece which, ultimately, destroyed that nation. Ecuador, its own banking sector de-regulated and demolished, exploded into riots. Argentina had to sell off its oil companies (to the Spanish) and water systems (to Enron) while its teachers hunted for food in garbage cans. Then, Bankers Gone Wild in the Eurozone dove head-first into derivatives pools without knowing how to swim – and the continent is now being sold off in tiny, cheap pieces to Germany.
Rubin was named director, then Chairman of Citigroup – which went bankrupt while managing to pay Rubin a total of $126 million.
Then Rubin took on another post: as key campaign benefactor to a young State Senator, Barack Obama. Only days after his election as President, Obama, at Rubin’s insistence, gave Summers the odd post of US “Economics Tsar” and made Geithner his Tsarina (that is, Secretary of Treasury). In 2010, Summers gave up his royalist robes to return to “consulting” for Citibank and other creatures of bank deregulation whose payments have raised Summers’ net worth by $31 million since the “end-game” memo.
(The Fed Reserve, not only works hand and glove with the bankers, it is owned by them):
#7 It was not an accident that a permanent income tax was also introduced the same year when the Federal Reserve system was established. The whole idea was to transfer wealth from our pockets to the federal government and from the federal government to the bankers.
#8 Within 20 years of the creation of the Federal Reserve, the U.S. economy was plunged into the Great Depression.
#9 If you can believe it, there have been 10 different economic recessions since 1950. The Federal Reserve created the "dotcom bubble", the Federal Reserve created the "housing bubble" and now it has created the largest bond bubble in the history of the planet.
#10 According to an official government report, the Federal Reserve made 16.1 trillion dollars in secret loans to the big banks during the last financial crisis. The following is a list of loan recipients....
#11 The Federal Reserve also paid those big banks $659.4 million in fees to help "administer" those secret loans.
#12 The Federal Reserve has created approximately 2.75 trillion dollars out of thin air and injected it into the financial system over the past five years. This has allowed the stock market to soar to unprecedented heights, but it has also caused our financial system to become extremely unstable.
#13 We were told that the purpose of quantitative easing is to help "stimulate the economy", but today the Federal Reserve is actually paying the big banks not to lend out 1.8 trillion dollars....
"http://michaelsnyder.mensnewsdaily.com/2013/09/25-fast-facts-about-the-f...
(Documented Federal Reserve Complicity in purposely created financial crisis):
The US Congressional report provides evidence of major securities fraud in the embezzlement of as much as $16 trillion by the Federal Reserve and its bankers. Securities fraud and embezzlement are both felony criminal offenses.
During the financial crisis, at least 18 former and current directors from Federal Reserve Banks worked in banks and corporations that collectively received over $4 trillion in low-interest loans from the Federal Reserve.
$16 trillion is 10 times more than what the U.S. Congress authorized and Bush ($700 billion) and Obama ( $787 billion) signed off on. The Federal Reserve was only authorized by Congress to disburse $1.487 trillion in federal tax dollars in bailouts and financial aid, not $16 trillion. The Federal Reserve embezzled (to appropriate fraudulently to one’s own use) another $14.5 trillion.
The Congressional report determined that the Fed secretly hid most of the embezzled money into their own banks. The rest the Fed unilaterally transfered trillions of dollars to foreign banks (Federal Reserve Bank of New York Primary Dealers) and corporations from Canada to the UK, from the UK to EU banks and corporations and as far away as South Korea. Foreign banks and corporations which the Federal Reserve bankers had a personal financial interest or stake in.
The Federal Reserve Bank of New York (Timothy Geithner) embezzled and money laundered US tax dollars to the following US Federal Reserve Banks and foreign “Central” banks. This list is a list of co-conspirators in the Federal Reserve Bank orchestrated US and EU financial Crisis. The money they stole and laundered caused the US and EU financial crisis. Their illegal activity created the Greece debt crisis (Goldman Sachs), the France debt crisis, the Spain debt crisis and the Italy debt crisis.
The Fed (Timothy Geithner) outsourced virtually all of the operations of their $16 trillion embezzlement scheme to private contractors like JP Morgan Chase, Morgan Stanley, and Wells Fargo. For their part the same firms also received trillions of dollars in Fed (Timothy Geithner) loans at near-zero interest rates. Morgan Stanley helped the Federal Reserve banker (Timothy Geithner) launder embezzled $trillions into AIG. Geithner and Henry Paulson used the bail out of AIG to money launder the US tax dollars.
Did you know that the $trillion the Federal Reserve embezzled (US Congress only authorized $1.487 trillion) could pay off the entire U.S. national debt. The U.S. government need only to seize the assets of the Federal Reserve banks (the big six U.S. banks collectively hold about $9.399 trillion in assets) and get back the $trillions that the Federal Reserve illegally embezzled and money laundered to their foreign banks and corporations.
The U.S. government can recover $trillions from the Federal Reserve and their banks through asset forfeiture. Crimes committed by the Federal Reserve banks against the United States and its people include; conflict of interest, securities fraud, embezzlement, fraud, money laundering, hoarding, profiteering, larceny, racketeering . . .
http://www.morningliberty.com/2012/12/10/forfeiture-of-fed-franchise-big...
The purpose of this financial crisis is to take down the United States and the U.S. dollar as the stable datum of planetary fiancé and, in the midst of the resulting confusion, put in its place a global monetary authority – planetary financial control organization ‘to ensure this never happens again.”
This purpose has now been accomplished.
The dollar, the former king of currencies, now goes begging in the pant-suited persona of Hillary Clinton to our creditors at the Chinese Communist Party.
http://crisisbydesign.net/bonusG/CrisisByDesign-eBook-nonsecure.pdf John Truman Wolfe
http://www.vice.com/en_uk/read/larry-summers-and-the-secret-end-game-memo
These are all very over worked people, you can't take them seriously.
It is The Banks, The Fucking Banks. My deceased xhusband left our investments in both of our names. I have been attempted to manuver these funds into my name for 1 year and 2 months. One of them is with California Unclaimed Property Division - and a heavily accented Chinese person always answers the phones. on hundreds of calls...they do not understand...they did not get the fax....oh, they did not know I did not know...BOTTOM LINE. They want my money and will steal it if they must.
Same with the other funds. I am talked to like a thief when the funds are in my name and the fund is rightfully mine regardless (per contract attorney).
So fuck the banks.
If you want peoples and nations to PAY THEIR BILLS, cease the predatory lending practices and stop outsourcing our jobs to slave labor you freaks in castles. PREDATORY LENDING has a goal - receive payments until the unrealistic contract fails and the seize the collateral. IT'S AN OLD GAME and it is predetermined. FUCK YOU BANKERS. Everyone's world or no one's world you pricks.
Call their bluff and default