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Russia Asks Greece To Join BRICS Bank
As if the discussions in Brussels and Athens were not mired in enough uncertainty, Bloomberg reports that a Greek official confirms:
- *STORCHAK ASKED TSIPRAS FOR GREECE TO JOIN BRICS BANK: OFFICIAL
The pivot appears to continue. Reportedly, Tsipras was pleasntly surprised by the proposal.
As Bloomberg reports,
Russian Deputy Finance Minister Sergei Storchak spoke with Greek PM Alexis Tsipras today, proposed that Greece become 6th member of New Development Bank set up by Brazil, Russia, India, China, South Africa, a Greek govt official says in e-mail to reporters.
Tsipras said keen to discuss matter in St. Petersburg Economic Forum June 18-20, with leaders of BRICS countries.
Tsipras was pleasantly surprised by proposal.
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LOL, default on the ECB smucks and come join us.
You'll never get the the Eurocrats to agree to that.
The Eurocrats look more like comedians every day.
This is really not funny, these people are willing to exterminate us all....
http://www.larouchepub.com/pr_lar/2015/150307_lar_greece.html
Yes, nuclear war! Alert! Missiles! Bases!
I call their bluff! Do it bitches! I see your stupid missile and raise you 3 missiles.
Don't hang shit over my head for 60-70 years and all you do is talk.
There’s something interesting cookin’ in the Middle East. Both kings of Saudi Arabia and Bahrain have cancelled their visits to the Camp David Summit (US plus the Gulf Cooperation Council), citing their “busy schedules”.
It looks like the three-legged stool, a.k.a. the Petrodollar, has just lost two legs.
Just wondering… What would happen first – a Maydan in Saudi Arabia or the collapse of the Petrodollar? ;-)
Looney
P.S. Here’s a link to the Friday’s article about the no longer upcoming Camp David Summit.
http://www.usnews.com/opinion/articles/2015/05/08/why-obama-should-build...
They're asking a bankrupt nation to join a bank. This is a new one. Nothing against this proposal but what are the technicals? The founding nations are supposed to deposit several billion into the bank. I'm not sure how Greece can fit in there. It may be a nice gesture by Russian officials in this 11th hour but I'm sorry, the clock is going to strike midnight in little less than 5 minutes. Obviously there's no money coming from ECB and IMF has to either fund it's own debt repayments or Varoufakis has another ace up his sleeve or pulls a rabbit from his hat at exactly 11:59pm.
I've been wrong 2x before and didn't see it coming. Whatever, maybe 3rd time is the charm.
Hey walkure -
"I'm not sure how Greece can fit in there."
I hear Soros and goldman are advising greece ... might be a repeat of EU entry ... what do you know.
Greece will pledge as collateral to the Bank their claims against Germany for killing 15% of their population, suffering and all the rest of gold stolen by the Nazis .... I bet they will get plenty of understanding from Russians. Time for Germany to withdraw their request from FRB on whatever they claim they have there...
Ok, yeah well there's reality and there's fantasy
it's a new normal - more you are in the debt -more banks want to have you=)
Greece can fit in very well. There is perhaps no money coming from ECB and IMF but there is yuan in which the BRICS bank will denominate all future transactions. Another system, another base currency. Of course, when Greece switches to the BRICS, the ECB and IMF may virtually forget all due repayments; a restart from scratch with/without drachma but certainly tied to yuan/ruble. The nice gesture by Russians means Greece within the EuroAsian sphere and that's certainly worth paying a lot.
Putin is genius.
If the Greeks can work as cheap as the Chinese, I can see the attraction. Gas deals and all that have some value fo sure. The port is worth a ton as well. But the Greeks will need to shed any dreams of pensions and retirements they've had so far.
nope. what you are witnessing is the birth of the anti-IMF. The New Lender Of Last Resort of Sovereigns
and all this... for good and bad.... you can say thank you to the US Congress
'Cept they're all still IMF member states... and most of their Central Bank heads, almost universally, discuss the AIIB/BRICS NDB as increasing currency/asset convertibility to the "necessary standards" for SDR valuation, China especially.
http://www.bis.org/review/r090402c.pdf
http://www.usatoday.com/story/money/business/2014/10/07/china-currency-p...
This is rebranding, not opposition. Besides, the IMF is merely a managerial operation for BIS policy; at least, if Carroll Quigley's erudite Tragedy and Hope is to be believed.
This is the New Multilateralism that Fifi Lagarde has been chattering on about since at least 2014: http://www.imf.org/external/np/speeches/2014/020314.htm
If the SDR basket revaluation this Fall doesn't include the Yuan, perhaps the narrative you outline should be reconsidered. But if/when the RMB becomes fully convertible via the SDR, I suspect a lot of alt-media prognosticators, both commenters and authors, will be eating their words.
They might be willing to but they never actually will unfortunately...not allowed since WWII.
Why are you confusing Putin's nationalism with Wall St. communism?
Funny, I never expected you to post something that is pro-DC. This is probably one of Obama's/McCain's favorite memes.
cultural confusion of use of tools with ideological meaning of tools? I would have inverted them. Putin offering a hammer to Tsipras holding a sickle
Nah. Greece has been trying to hammer out a deal. Russia is offering them a way to cut ties with the EU.
Russia also told the USA to spill the beans on space aliens, or they would....
http://in5d.com/russia-orders-us-tell-the-world-about-aliens-or-we-will/
i thought disclosure ment to happen under obama.. though current groups dont let him - wishing to remain status quo. eventually that 'race' will have to go as they cant seem to change their ways.
No, the article you cite doesn't claim the Russians have "told" the US any such thing (it falsely claims Russia will tell the US) and the Russians won't because they would be the laughing stock of the world.
The article you link to is by "Disclose.tv", one of the many nutcase websites on the Internet. From the article you cite:
"More detailed information on this topic you can get from a well-known movie called Men In Black. I will not tell you how many of them are among us because it may cause panic."
Most ZH commenters are rational and credible, but the fact that you've gotten some upvotes shakes my confidence in the sanity of the ZH readership.
in the words of Law of Physics...
"tick tock mother fuckers..."
Greece to join a bank. Wow, such an asset!!!!
Now go and ask Cyprus too.
greece is an important geopolitical asset. especially for the land empire. costs dont matter in this regard. 100 years ago nicolai the second ment to take back constantinople while osmanian empire was on its way out. revolution aka 1917 maidan and everything that followed prevented the progress into the sea. now putin went step further and might have a fleet in the middle of mediterranean soon.
the tourist period started - 50 billion euros over the next 5 months won't stay under matresses (as for cyprus add 15 billion)
Best news I read today.
Please Vlad, annex the Greeks altogether just like you did in Crimea. A problem less for Europe.
I'm not sure if I should upvote you or junk you. There is truth in what you say but you know that Vlad doesn't like the gays. Can Greece comply with that?
All the junkies out there go spend a week on Mykonos or Lesbos ... LOL
The BRICS are a bunch of dead beater bums.
BRICS is the sand in your vagina.
Double entendre.... nice
And golden BRICS will be more than just a pain in the a$$ for the west.
"dead beater bums", huh? How about the Western debt? Will it just disappear into thin air? While the BRICS might not doing great at this point in time we need not forget that they do hold some strong cards...
The BRICS are a bunch of dead bum beaters. There I fixed it for you. :)
whatever, they might issue an anti-SDR and use it for all kinds of things. like global-currency things
BRIC bank! Slowly they turned...step by step, inch by inch
DOW will be +200 on this news!
Statecraft...
It appears Vlad has sweetened the proposed gas pipeline deal to Greece. Checks to America.
Vote up because that is one handsome avatar!
And what country is between Greece and Serbia? More trouble, here comes Amerika.
then its another chance for serbs to prove their loyalty to their slavic brothers in the east. i believe they will be happy to help macedonians.
I'm not buying this soap opera yet. Watch Uncle Sam pull a rabbit out of his hat at the last minute. There's no way the Ruskies are going to be allowed in to the underbelly of W Europe. The Greek debt numbers aren't that big compared to what we throw away every minute on lesser objectives. A way will be found. Watch the magic.
Is the US aiming for the "51st" state ?
No don't think so, just as poor as the 50 other ones.
yea, greece will be like the overlooked, plain girl who developed over the summer and now has all the boys in a lather.
It has been quietly said that China may own up to 500 trillion in US Treasuries. Add this to our national debt and the Greeks look like rocket scientists!!
triple post. WTF, how did this happen?
double post
ahhm, i think 500 T is slightly off by at least an order of magnitude, more like 2. but the point you make is correct.
Uh, Yeah. US Treasurys ARE our national debt....and just over $17 T
That Rabbit is Macedonia.
fake news as usual?or imagination news which is old news
Come on over to my place . .
As Victoria Nuland says, "fuck the EU"
Her headstone will provide a great urinal for generations to come.
Or her fucking skull!
Probably important to remember that there are only 11 million greeks sitting on important pipeline territory... and almost 1.4 billion chinese who are offering to re-finance said territorty. I'll bet thats a cost effective investment by the chinese. It is probably more of a matter of how little can they get the greeks for? I think they should buy it like the dip.
If you look at it that way, I suppose Greeks should be looking for their "leadership" to enter some sort of "Free Trade" agreement.
Like NAFTA where a handful get's super fucking rich and everybody else get's crabs and ice water.
I'm not sure how the Chinese benefit from a greek pipeline?
It would undercut their rivals in the great game, US/NATO?
Bonus points for being an extremely psychologically important defection- the kind of move that could make other countries believe that it is possible? Domino theory, in short...
The mere fact that Euro/US currency would be defaulted on and then those same underlying assets then being redenominated in a new currency, are definitely a real movement of value too.
Only 6 members with Greece? What does Mme Lagarde think of this? It's not magic enough, I bet.
How dare these guys crush the banksters -$600 Trillion house of cards!!
Perhaps they are paid to??
"Wait, so this means more free money without any difficult choices, right?"
-Tsipras
"Choices only to be made after my reelection", "O wait".
- OBummer.
Tsirpas has been looking for a "something for nothing" deal.
It appears he has found one.
Might be best to ask for a description of that 'nothing'...because no one sane is really giving away anything without strings attached.
Default tomorrow, Greek Drachma next week and fresh capital from Brics by June 21st.
It can be done in 4 weeks, no problem. Derivatives get cancelled, free haircuts galore for everyone.
The sun will rise again the next day and the world still turns.
Paper gold at $1200 and silver at $16 for eternity.
Easy come easy goes ... these loans are not real money
EU entry the debt was 2.5 billion("masked-loaned" by Goldman)
2010 - 50 billion
2012 - 100 billion
fasf forward 2015 500 billion
that's some serious hyper inflation right there.... where have we seen this before and what happened next?
Suck as much money as you can out of a bunch of corrupt basturds in Europe and at the American run IMF and then say "Screw you,you bunch of pricks!"
"Suck as much money as you can out of a bunch of corrupt basturds in Europe"
The US/IMF bankster cabal would rather start a nuclear war rather than lose control. The real danger.
Tsipras immediatly started filling out loan paperwork........
That is what the Greeks have been doing the last 5 years...just stealing money....they have no hope of repaying it
Can America ever repay its debt? Largest debtor nation on earth
Once. Hence the popular saying "We owe it to ourselves".
Cheer up, Dutch.
As the greatest military power on earth, we're only ASKING for loans at this time.
Greatest military power that can't fight their way out of a wet paper bag.
Maybe a new Russian-Chinese (SCO) Naval Base in the Aegean?
Sounds good to me.
I've seen pictures of Greece... beautiful beautiful country... I know its bankrupt as fuck...but man they have some prime real estate.
Illinois has 12.88 million people and is bankrupt...Greece has 11 million people and is bankrupt... Greece has a better climate, better history... Illinois has Chicago.
Great place to sail. Amazing. Love that place.
The Mulatto Monkey actually thought Chicago would be a good place for the Olympics ROFLMAO
Too funny, They could add a new sport. drive by shooting.
The 9MM hurdles!
There's almost 1,000,000 pension takers from Illinois who would argue with you all day long telling you over and over that Illinois IS NOT BANKRUPT. They will never debate you with any facts...
But think about that for a second, ALMOST 1 IN 13 ILLINOISANS ARE IN AN ILLINOIS STATE PENSION!
Just because, I'm going to paste here a little rant I posted a couple days ago after the Illinois Supreme Court decision that any changes to the pension system were unconstitutional (Illinois guarantees state pensions in the consitution...how crazy is that?).
So the link caught your eye? (I linked to the CHI TRIB ARTICLE) Good...maybe I can keep your attention. F-YOU YOUNGER ILLINOISANS! That's what the Illinois Supreme Court ultimately said today. One thing I want to get out of the way up front...any person with half a brain new it was unconstitutional. You have to be able to read (and know the definition of a "constitution") to know how the court was going to decide...the whole exercise was pointless but it sure got people riled up and gave politicians a way to claim they were doing something. No...the constitutional question was never at issue really. The moral question is what escapes the conversation. OLDER GENERATIONS HAVE WAGED A GENERATIONAL WAR AGAINST YOUNGER ILLINOISANS FOR DECADES! OLDER GENERATIONS IN ILLINOIS HAVE BORROWED AWAY THE FUTURE OF YOUNGER ILLINOISANS...AND THEY NEVER PLANNED TO PAY FOR IT THEN AND WANT TO FORCE YOUNGER ILLINOISANS TO PAY IT NOW AND FOREVER. If you have another way of explaining how this has to end up...if pensions are to remain the same...then please please please tell me how that happens.
After the last election I joked with my Mom, "I already know how they will fix the Illinois budget problem...the two fake parties 'will reach across the aisle and come to an agreement' that will be lauded in the press as 'progress' and 'finally a solution'. They will agree to take away more of the wages of young people and provide them less services so that older people can keep the promises they made to themselves." Mark my words. When you see them try and hide these realities in the news and in their speeches, remember that this is the reality. And if you don't agree with being taxed more so that your kids can have less...then "you don't keep your promises and you hate old people". That will be the meme. Hell, it basically already is. Of course, you can't say they aren't keeping their promises to pass on a better life for their kids and grandkids...and you can't say they hate kids because they want to steal their labor. That's not allowed. The truth isn't allowed anymore. And responsibility only applies to people who are demographically challenged.
Because the ILSC decided the pension guarantees older Illinoisans' voted in to a constitution legally "have to be paid in full" doesn't mean "they can be paid in full". Am I wrong? So why is this point being ignored...implicitly denied through redirection in the hope that younger people in Illinois (who never had a vote on that guarantee or any way to influence the Illinois political process in any real way) wouldn't notice that THEY are expected to pay for these promises...promises that, once again, a couple of generations made to themselves laundering their graft through a corrupt political process, and then never did anything to make sure the politicians they were voting in to office put their payments in the pension fund. Why? Because they were also benefiting at the time from freebees that money also paid for...and higher wages, cheap insurance, etc. etc. Because, after all, the state was running "a surplus" at the time; that fake "surpluses" existed because they weren't funding future obligations they made to themselves (literally putting payments to themselves in the constitution but not their funding of them), well that's not something you're supposed to remember. Again...am I wrong?
Everyone wants to talk about "class war" or "race war" or "religious war" in this country...but what's been going on for decades is a generational war. Generations of Americans have created debt in the name of future Americans. That's a massive wealth transfer...THEFT through legal deception. It's immoral. It takes both property and freedom from younger citizens today and future generations through force.
The 14th Amendment of the US Constitution guarantees that "No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law" while also claiming "The validity of the public debt of the United States, authorized by law, including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion, shall not be questioned." There's a contradiction here, isn't there? Where was the due process of public debt when the people who borrowed it expect people who weren't alive at the time to pay for it?
So this is where we are. Yes...the Illinois Supreme Court made a decision today saying pensions are constitutionally guaranteed. Sure, the judges are likely under the same pension, but legally there was no other way to interpret the language...it is "the law" but it's not a moral law when one part of the guarantee (the funding) wasn't enforced. When the "law" amounts to elimination of due process and the taking of property it is unjust...and should not be legally binding. Otherwise slavery can be justified again...if 51% of the people vote it back in to the constitution, right? And in the end, does any of this matter? The laws of nature will ultimately triumph. This legal decision was not an economic solution. If the people who created this problem don't fix it, I will eventually have to take my labor and leave the state as I won't be able to survive and provide for my children if I stay. And the growing migration out of Illinois will begin more rapidly every day as taxes get raised, services cut, and infrastructure crumbles...to pay for the pensions and to pay for the debts our parents and grandparents created long before we had a vote. And finally, pension checks will keep coming...with a note, "but please don't try to cash them...the State is behind on it's bills again, and they won't be honored, sorry."
It's not a question of "promises" really...a simple math problem. I hope the 70s, 80s and 90s were fun.
Dissolve the corporation of THE STATE OF ILLINOIS, create THE STATE OF ILLINOIS TWO, transfer the Accounts Receivable, and stick THE STATE OF ILLINOIS with the Accounts Payable.
As I have mentioned previously,
Lots of symbolic brotherhood talk from Russia and China.
But no cash ever seems to trickle up out of the fanciful spring of solidarity.
If the Greeks want cash from these two nations, they'll have to hold a yard sale.
Which is pretty much what the EU is suggesting that they do as well.
The only question is who gets to buy the various bankrupt state assets
And how much they get to raise prices.
It all makes sense now...
Greece ITSELF is a Trojan Horse. The west is presenting it as a "gift" to the BRICS...only to have the Greeks tear apart the BRICS once inside the gates.
I'm joking...but I can actually see this scenario playing out and then the Greeks are told "you executed the plan perfectly" afterward, they pretend they knew it, because THEIR EGOS COMPEL THEM TO BELIEVE they are of course the most important part of any plan (SARC). Oh this could work...but I feel bad if I just gave the western elites this idea. They'll take all the credit for it AS USUAL.
All these problems can easily be solved at a keyboard with a number pad.
"Illinois has 12.88 million people and is bankrupt...Greece has 11 million people and is bankrupt... Greece has a better climate, better history... Illinois has Chicago."
And Illinois is losing people. Illinois public unions are the strongest in the US. It's bankrupting the state. In the mean time people in Illinois are being taxed to death.
Only thing good about Chicago is Lake Shore Drive , the rest of the city and state are CRAP.
Down near the KY/MO border, it's beautiful country. And the people are good (as good as people are I mean;-). It's all forest down here. But there's no way anyone who has to work for a living will be able to stay in Illinois.
You might see my post below for more thoughts I puked out the other day after the IL SUP COURT decision.
THe SHawnee Nat'l forest is pretty nice country, and you have a real cypress swamp on the east side of the state, but man is that part of the state destitute from the war on coal.
Yes it is...and got itself totally reliant on the state...I like to joke that it became a prison colony and that on your drive down from N. IL you go on the Illinois Prison Trail! This state will implode sooner rather than later. I have exit plans already.
Probably one of the most boring drives is I-55 from north to south.
I remember Rantoul (Chanute AFB) in 1965. Boring place. Champaign Urbana, not much better.
Driven by higher interest costs, Social Security and Medicare for baby boomers, as well as tax cuts made permanent in 2012, the federal debt held by the public is expected to hit $40 trillion in 2035. AND THE GREEKS ARE DEADBEATS ?
People that are ''legends in their own minds'' don't care. They think ''god'' will save them.
People that are ''legends in their own minds'' don't care. They think ''god'' will save them.
Crazy Carlos axed me to hook up wit' him and da gang. They say Stone Mad Steve-o and his bunch wanna Master the Human Domain and shit. I'm gonna focus on finishing the sail boat.
This is damn scary! The Westies are disintegating while the Easties are actually very stable now. We cut our own throat with NAFTA, etc. and now our productional systems are a vast rust belt. We can't even make the F-35 jet fly right! As we disintegrate, we get poorer and can no longer afford Greek vacations. But the BRICS brothers can.
We really need to repeal NAFTA, stop spending money on the military, and try to rebuild our productional infrastructure. NOW!
Hey -- if the CFR was stupid enough to create NAFTA, they will be stupid enough to start WWIII. These fools need to be replaced.
We, ehm, I mean you? It's a big club and you ain't in it.. https://www.youtube.com/watch?v=i5dBZDSSky0
The F-35 is a piece of shit and cannot be fixed.
They said the same thing about the P-51.
No, it really is. Better make them smart drones if you wanna appear scary.
The F-35 was designed stupidly. All three models are built using the F-35B short take-off and vertical-landing airframe. It is basically just an F-16 with stealth.
The F-35 "flying guppy" has a combat radius of 706 miles, which is only 70% of the Russian SU-35 combat radius of 994 miles.
The stealth "feature" will prove useless, since technology now exists to nutralize stealth.
Maybe the F-35B short take-off and vertical-landing version will be used by the VIPs to evacuate if the excrement hits the fan. They are actually considering building a two-seat model. Why?
the Airbus A400 seems d.o.a. as well.... sabotage maybe?
well played, Vlad - well played.
Assuming that Zion cannot afford, financially, politically, and geopolitically, for Greece to leave their EU and ECB farm, this does not end well for the Greeks.
Not well at all.
Liberty is a demand. Tyranny is submission.
"You can check out, but you can never leave."
They will have to change it to BIG-RCS (prenounced Big Ricks!) or they can ask another country with a vowel to join.
Australia and Kazakhstan.
The logo would be killer.
Big Racks. mmmm nice one.
I have to admit that Billy did most of the work on that one.
It looks like something is cooking behind stage first Merkel and now Kerry heading to Russia to talk with Mr. Putin.
Brussels sees Greece as a small country easy pickings for exploitation.
Russia sees Greece a both as key transit link for Russian gas to southern and central Europe,
but far more important, Greece is situated in an enormously strategic military position
capable of dominating the entire eastern Mediterranean. particularly combined with
Russia's entente with Turkey and ongoing support of Assad's Syria.
The unbelievably stupid West is again asleep at the wheel on this, preferring
rather to squeeze the last drops of blood and gold from Greece, and-as usual,
give nothing in return
NIce naval base at Sevastopol , a couple more in the Greek islands. I like it.
DEAL!
Macedonia
http://www.liveleak.com/view?i=ef5_1431348527&comments=1
http://www.strategic-culture.org/news/2015/02/16/nuland-attempts-kiev-ve...
I assume you have heard of the operation of the Macedonian police and security forces against Albanian terrorists last weekend? 8 police and 14 or 20 terrorist died and many arrested. Some Albanians in Macedonia/FYROM want to create a homeland for themselves, later to be united with other lands where Albanians live in order to create a greater or 'natural' Albania. Lately the PMs of Albanian and Kosovo also made statements in that direction, to create a united Albania. That of course is making many people in the Balkans nervous.
This should also be seen in the light of the construction of Turkish Stream, the gas pipeline that will transport gas from Russia to Europe via Turkey, Greece, Macedonia and Serbia. A certain global power does not like this idea.......All these places can expect increased attention from this global power in order to persuade them to stop Turkish Stream.
The Greek should realize there is no such thing as a free Greek lunch. Since Greece has little financial assets to bring to the bank they will to provide some other assets such as geostrategical and geopolitical ones.
Edit: It would get really interesting if Turkey would be asked to join. That would be a game changer.
All nations troubled by America and its Allies ...
Come to BRICS
We will give you rest
&
respite.
you sound like a bitter cuckold.