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For Greece, This Is What Hell Looks Like
As previously reported by both IMF and Greek sources, Greece now has less than a week before it defaults on its June 5 payment to the IMF, a payment which it can't make simply because it run out of money even before its last "payment" to the IMF on May 12.
To be sure, Greece does have two options to kick the can yet again: one, of course, is to get a deal done in the coming 5 days although that is virtually impossible; the other is to bundle all June payments into the last one for the month, thus buying three additional weeks of time. This outcome now looks almost certain especially since two days ago the Greek government spokesman Sakellaridis said the Greek government denied planning to bundle the IMF payment, which essentially assures it.
However, even if Greece manages to kick the can for the nth time for the past five years, it has a lot of cans left to kick for the remainder of 2015.
So let's say that somehow Greece kicks every can left until the end of 2015. Surely Greece will be out of the woods then, right.
Wrong. Because for Europe's most devastated country, it is only then that the debt nightmare officially begins.
Below are all upcoming Greek debt payments until 2057, also known as the first, ninth and all circles of Greek hell inbetween:
But at least it will have the Euro.
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Not "August 5" ... June 5th
EDIT: Look at that. Changed it right out from underneath me. :-)
... Changed it right out from underneath me.
It is not “changed”, it is “seasonally adjusted”. ;-)
Looney
That's climate change for you along with Obama's hope and change.
PE, you... you... you are pure evil. ;-)
Looney
If you look at the balance sheet of most countries, Greece looks like a freaking saint....
If I owed that I'd order a nail gun on amazon prime for same day delivery and.......
Throw those pathetic Greeks out of Europe already.
Throw that pathetic Europe out of Greece already.
You have to be the biggest fuckin moron this side of the universe!............................You're next in line buddy, enjoy the ass reaming coming..................................
Greece is positively giving meaning to the saying;
" if you owe the bank $100,000, the bank owns you. If you owe the bank $100 million, you own the bank"
Why and how is this still a thing? This is like that cow, in Me, Myself and Irene, that refused to die after repeated shots to the head!
"The banks" print the money out of thin air. I wouldn't exactly call that a problem for them until the sheep finally wake up & figure out the basis of their slavery.
Geographically-adjusted Global financial Warming.
It's hotter in Greece.
I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.jobs-review.com
We are such idiots - The answer has been staring us in the face the whole time. I've taken the liberty of signing up the entire population of Greece all 11 million of them to this scheme.
If my maths is correct and I get confused easily with 9 or so zeros! But I figure 7k month x 11 million x 12 months a year = $924 Billion in GDP - More than enough to solve Greece's debt problem!
the only reasoj these spambots have been continuously posting their spam is because there are zerohedgers that ARE clicking the links. tells you how intelligent the human race is on a large scale.
My sister makes $10,000 / week doing this one easy thing...
What's her number?
867-5309
Ask for Jenny
or someone is spending money (tax dollars) to post obvious scam links to discredit the userbase.
Thats been my running theory on the ridiculous ads on mobile as well.
My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... http://tinyurl.com/kmwz6ln
My last pay check was $9500 working 12 hours a week online. My sisters friend has been averaging 15k for months now and she works about 20 hours a week. I can't believe how easy it was once I tried it out. This is what I do... http://tinyurl.com/kmwz6ln
Dear Tylers,
during the coming bank runs, as none or little stories are to be made appart from some banksters suicides and massive riots, I suggest some of you to work at this in the meantime.
http://www.slideshare.net/parinita83/bot-detection-algorithm
Hope it helps.
I rather see the whole internet run amoke with bots this, bots that and the NSA choke thier databases with spam
I used to live in Greece for 13 years. Left it around 2 years ago. It was a mess. The politicians lied, got reelected and lied again. But no one did anything, because we were living in a good financial condition. 40 euros per day was an awesome thing.
But lately it got bad, it got really bad. I used to work for 2 euros per hour for 10, 12, 14 and even 18 hours per day(from time to time).
The greek people are not lazy, they just want to believe in something. And of course when they get a president that is a pawn of the eurozone, they dont want to pay anything back.
Well, whatever they do - more of the same isn't going to work. That much is inescapable.
This is stupid. The FED could print that money out of thin air, cut a check for the whole thing and it would be all paid off. Its so simple a caveman could do it.
What you don't seem to understand is that the Greeks *don't control the currency they use anymore*. They use the Euro wish is managed from Frankfurt Germany and Brussels.
It would be as if the United States used a currency that was managed from Argentina for example. The Greeks *cannot* print anything, that is the problem. I still can't believe that some Greeks have still not worked it out since they are protesting outside their Parliament building; the people inside the building can't do anything either, other than beg or borrow *even more Euro*. This would allow them to pay the doctors and teachers for another month, but will then put them on the hook for *even more debt*!
The end game is for the "creditors" aka Goldmans, Finiceers, the tribe etc, to just buy up all Greek assets - then the Greeks will be dispossed from the land they've lived in for 3000 years with no way of getting the money to buy it back.
I imagine if the Greeks stated to stand up for themeselves NATO would be in their under some pretext of "stablization."
*Tomorrow* they could tell citizens it is illegal to accept Euros other than ones that begin with serial number N: the ones printed in Greece. Then they could print up a boatload of them. Give everybody a week to change their non-N notes to "Greek Euros". LOL Brussels LOL. Kind of like the Nazi plan where they printed up piles of GBP notes during WW II and handed them out.
True enough, but you overlooked one small detail. Greece is merely a country inhabited by human beings. The FED only cuts checks to save things that actually matter, like TBTF banks.
People dont understand the Greek Work Ethic.
They think Greeks are lazy because they take breaks in the afternoon etc.
Lets take a local farmer in Greece for example. . . this is what their typical work schedule would look like
Wake up around 530 AM Get ready for the day, drink a shot of Tsikoudia maybe take a bite of bread or something for the road.
545AM hops on the motorcycle/truck drives to where the sheep spent the nite, gathers them up for the trip to the feeding grounds.
Takes about 2 hours to get all these retarded sheep to walk to where they need to be (+/- 10 sheep) that will wonder about or were stolen through the night by other sheep herders.
At around 9 - 10 AM he sets up feeding stations / water for the stupid fucks to drink/eat a little, and around 11:30~12 he finds a nice tree to sleep under because its about to get HOT, REAL HOT, the sun beats the shit out of you if you stay in it through the afternoon, so he sits under the tree, sleeps till around 130PM at which point he gets ready to take all the sheep back to the barn/pasture where they will spend the night, he gets off work around 4-5PM, makes a quick stop at the local bar where he talks with other locals gets drunk, hops on the motorcycle/truck and drives home completely smashed, eats whatever the family has on the table, and passes out for about 3 hours, at which point he wakes up, drinks a fuck ton of water to cure the dehydration the day has wrought, and gets back on the motorcycle to drive to the bar again, to get drunk again, at which point he goes home passes out, wakes up around 5~-530 Am and the cycle begins again.
Drinking and Sleeping is the only comfort the Greek Worker has.
Most of these farmers do not have
-Air conditioning in their homes
-A fridge larger than 3 Cubic Feet
-No-one buys anything they produce at a fair price, because "globalization" so Lamb Meat, Goat Milk/Goat Cheese/Vegetables are practically "the currency" for the locals. . . they trade Milk and Cheese for Honey, and Bread and Butter for Vegetables . . . and the govt comes around to "count how many windows the barn has" and "how large the engine of their truck is" in order to send them a "tax bill" for "living".
-The farmers get a tax bill , and about half the time they pay it, half the time they dont.
You can not pay what you dont have.
If ALL of Greece is Loaned 10 Billion Euros, and thats all the Euros in circulation in Greece, and the next month Europe demands Greece pays 11 Billion Euros . . . where is Greece Supposed to get the short-fall of 1 Billion Euros?
Then you get them stuck in this perpetual fraudulent debt loop trap, where the debt keeps rising to pay past debts, until the debt is so huge the country has to start selling all its assets to its predatory lenders.
Its a scam, the entire Euro system is a scam to defraud the Greek people and to steal their nation.
Its a fucking Nazi plot to take over the world.
And
It will fail.
You were spot on until you said it is a Nazi plot. If anything the third Reich god rid of debt based currency, that is why the economy prospered 1933 -1939. You can read Ellen Browns book on it called "Web of Debt". The current Germany is just another Zionst/Bankster state like UK/USA/FRANCE.
The UK has been running the debt money *scam* big time since the Bank of England was chartered back in the late 17 Century.
That poor Greek farmer is a rarity. Over 50% of the polulace lives off of the government.
Maybe they're potemkin farms where the people pretend to farm in order to keep their hopes up for finding employment in the future. :-)
"France’s Potemkin Economy——Fake Companies, Fake Jobs, Fake Propserity"http://davidstockmanscontracorner.com/frances-potemkin-economy-fake-comp...
They used a plunder-based currency instead.
Namely plundering the tooth fillings of their victims and smelting them into currency.
Debt is Debt, just because you re-brand it. . . as a death camp does not make it anything different.
We are all part of a death work camp.
With the level of tech we have achieved, humanity should of stopped toiling decades ago... and instead should be pursuing artistic and scientific discoveries/achievements.
What does everyone want?
-A house (we got like 20 million ~ 100 million empty homes that no one can afford to buy but banks who hold them for no reason)
-Food (Farmers probably burn half their crops to keep the price high because thats what a FIAT monetary system tells them they should do in order to make "profit")
-Fuel to stay cool/heat the home (the sun can heat the water, and the sun can cool a home)
-Communications (How expensive is it to setup a freaking antena and broadcast information???)
-A vehicle to get them around ( we crush tons of cars a year and cars are intentionally made to decay while you drive them because how else are they going to sell you a new one?)
Quite frankly, the only reason we are not living in a Utopia, is because its illegal for us to build a world where we dont need banks and government.
Actually... to make a car rust proof... they only need to add about 10 bucks worth of nickel to the steel. Think about that the next time you talk to a dealer who is selling you a $30,000 dollar new car. It's called planned obsolesence - they did this after they made the model T. Heck - they made it so rust proof that there are STILL Model T's driving around a hundred years later. Do you think any of the cars today will drive for that long?
It's also why we will never 'discover' cold fusion. Can you imagine if everyone had unlimited free energy from a safe CF reactor in their basement? Why exactly would you need the government, roads, cars, or even your job for that matter? You would be totally free from the system and off the grid. Can't allow that!
Don't forget the 'digitalization' of everything. Used to be I could take apart and troubleshoot my own appliances. Get the part I need and fix it.
You can't do that with modern stuff. It's all digital, and the otherwise competent home handyman can only sit there and weep because he has no idea what the "C4-ERR" on the screen means. He has to call a repairman, who brings the "magic box" that he plugs the machine into...He reads the message it gives him, which apparently is something like "Charge customer at least half the retail price to repair this item"
I hate the Brave New World.
Excellent comment. The concept of 'work' is a primitive concept. 100% unemployment should be our priority.
Exactly. Everything is THERE, it just has to be circulated so it gets to where it's needed. But we don't let it circulate, we do the opposite and try to grab as much as we can and stash it, out of circulation.
We end up with places with so much stuff we have to do 'recycling' so we don't bury ourselves beneath mounds of our own waste.
Then there are places where people are reduced to eating grass and boiling their shoes.
From a completely objective perspective, wouldn't the obvious solution be to get some of what the first group is wasting (in terms of resource useage) over to that second group? I mean, logically, you'd SEE that the first group has ZERO need for the surplus, and seek to deploy those wasted resources elsewhere.
We know this, we just argue over HOW that should be done. And one group has capitalized on our knee-jerk response to words like "redistribution", so we can't even HAVE the damned conversation!
He meant Ashkenazi.
Not a Nazi plot, try Khazarian and you've got it.
To you, toothpaste is a Khazarian plot. Which is why you never used any back when you had more than one tooth.
10 Sheep, 10 fucking sheep??? How in the hell do you expect to make a living with 10 sheep that you have to move here and there, not counting vehicle/gas etc? Are you sure this farmer is not just getting out of the house all day so he can watch sheep eat grass and then drink until late then come home and eats whatever the squaw has put on the table? Hell the drinks at the bar probably use up 10 sheep's worth of profit? No wonder!
So what? The US government has 300 milion sheep and still can't get ahead.
That explains why they keep chasing my car with motorcycles.
It's a phenomenon that comes about because of the climate. That's why there are so many more laid-back countries as you get closer to the equator.
This is because of the length of the growing season. More temperate places, with a year-round growing season, can afford to be more laid-back. (Or, as the Germans would say, lazy.) There's less pressure to "DO!" when it can be done all year long.
Compare that to the northern climates, the Germans, the Dutch, the Scandinavians...They have 1 growing season a year, that's it. And it gets shorter the further north you go. People over time are going to reflect their own experiences, which then becomes part of their culture and values system. So, the folks up north are going to develop some very different values and motivators. The work ethic that would develop up north is one of hard, disciplined, fast-paced work on a very strict schedule. No slacking allowed! You blow your one growing season, you are FUCKED.
Down south, if you screw up one harvest, there's always something else that can be grown immediately for food. So there's not that fear-of-death hanging over them all the time. They move at a more leisurely pace, with no sense of urgency. They want to know what the big fucking HURRY is, and think it would be a good idea to go relax over coffee and discuss it...
The two types will always frustrate each other.
Your theory doesn't add up all that well or Singaporeans or Hong Kong citizens would also be more relaxed, instead all they see is work and work to earn money to consume and consume as capitalism told them to!
Poor choices.
Singapore had a visionary leader and Hong Kong benefited from British rule.
While Singapore and Hong Kong have a climate amenable to year-round cultivation, they don't have any land to cultivate. They need a nose-to-the-grindstone work ethic if they're to have anything to trade for food.
Places like those are really a different animal. The kinds of influences I'm talking about occurred during our Neolithic period, long before organized cities came about.
In fact, it was the coming of the city that threw all the different types of people together that created the tensions between types.
When you are with your 'buds', and everyone around you is pretty much on the same page, all is well. But throw you in with a bunch of people with very different ideas, and you have a bunch of folks walking around muttering, "What the fuck is WRONG with these people?".
It's not going to apply to all peoples today...too much time has passed between our Neolithic origins and modern society. Peoples who are from southerly regions have in many cases become completely immersed in northern societies, and will start to reflect those values, and vice-versa.
What you CAN get is a general idea of how different types of people might come to believe the way they do. We absorb the experiences we have, as individuals and as societies, and over time it forms us as a people.
We've replaced the urgency to get our crop in the ground to the urgency to profit from our investments. But the dynamic is the same, even though it is manifesting in a different way. Though today it isn't geographically distinct anymore-there are plenty of lazy Germans and Type A driven Greeks-we still have the two basic types. Those who want to "DO!", and those who see no reason to make hasty decisions, or even to do those things at all.
A man comes home with a sheep under each arm and says; "Honey I would like you to meet the pig I sleep with when you say you have a headache."
His wife looks up and says; "You stupid moron can't you tell the difference between a pig and a sheep?"
He says; "I wasn't talking to you."
Greece is nothing like you've suggested.
A good friend of mine was just there for a month's holiday. The Greeks are doing fine, they enjoy life, drink, eat, work but they DON'T give a crap about government. They don't pay their taxes because they distrust the government. The Greek government is in trouble, the average Greek not so much.
The Greeks are ahead of us; we are still afraid, trust our governments. We are sheeple. When we stop paying our taxes our government's power is reduced as is the elites'.
Don't pity the Greeks , pity ourselves.
"The politicians lied, got reelected and lied again."
How is this any different that just about everywhere?
I'll check under my sofa cushions and see how much change I have to give.
That's a lota feta. There aren't enough goats in the world, even if you count Bill Clinton.
You wanna know what hell would look like for Greece? Ask the Serbians. NATO saw to it they lived in it for years as punishment for trying to stop Muslims and neo-Nazi Croats walking off with half their country.
The Serbs also had to dig up land mines 20 days out of every 30 days. They didn't even map them when they were emplaced. Not a fun post war job.
2057... so how much will the US debt be by than? 50 trillion? 100 trillion?
Yeah... those stupid greeks have it comming.
$6 Gorillian
By 2057 all debt will be measured in livestock, so I'm gonna say the U.S. debt will be 1,000 cows, 3, 000 chickens, 500 sheep and 1 Hillary.
There is a built-in can kick option regarding the June 5th payment that nearly all analyasts are missing, but thanfully appears above regarding the bundling option. For further context, see my comments within the comment section under my Facebook posting of my article "Greece June 5 Deadline Will See Can Kicking, Not Crash; Cartel Capping Last 2 Weeks Should Be Over - Eric Dubin & The Doc"
OoomPa!
LoomPa!
Doo pe dee do
My connected local loan shark has a saying that is very good advice for all socialist parasites, like the greeks:
If you don't want the consequences of NOT paying back the loan, then don't borrow the money.
Greece should be totally destroyed economically to serve as a good example to all socialist parasites everywhere - live on what you earn, don't defraud and steal other people's money under deceit of "borrowing".
Prober
Well, sure, that would be true if you are living in a world where money represents equity. But the Greeks, and you, live under a fiat money system where all money is debt or securitized debt. So, nice try, thanks for playing. They didn't do anything wrong, this was done to them.
you are a fool - the greeks issued the bonds and sold them on the market, the greeks solicited and signed the loans - the greeks never complained while they were enjoying receiving free money, they started complaining ONLY when they had to start paying it back
send them your money
I recommend you start reading with G Edward Griffin's "the Creature from Jekyll Island." It explains how this works. If the Greek government didn't issue bonds, they wouldn't have any money. There are three parties here: the Greek government, the ECB and the buyers of Greek bonds. The Greek people were not a party to any of that. They didn't do anything wrong. Without issuance of debt, there is no money creation.
Here is an even faster start: watch this video:
https://www.youtube.com/watch?v=iFDe5kUUyT0
It's got the money/debt creation process illustrated with animations and so on. It's easy to follow. Check it out.
After you watch that video, realize that the debt bomb will also explode here in the US. The US numbers are far worse.
"The Greeks"? Just who, prober, are "the Greeks"?
I don't know where you are from, but I'm sure you wouldn't wish to be punished for something you didn't do by the people who are profiting off of you...AND have other nations joining in the general fun as well. No, I can guarantee you wouldn't.
Don't be so quick to judge "the Greeks" who have decided they don't want to go along with it anymore. Most had nothing to do with the money games, and didn't get shit out of it either. That money walked awhile ago, and here's something that bothers me...They KNOW who many of the folks responsible are, and they must be keeping that money SOMEWHERE. Like, in a bank?
So why don't the stupid fuckers go get their money back their damned selves?
Is this not law written in your talmud?
"defraud and steal other people's money"
I don't know about Talmudic Law but it is certainly an inflexible rule that the new breed of proto-Nazis ascribe every possible evil in the world to Jews.
Greek Jews.
Chinese Jews.
Algerian Jews.
Aztec Jews.
Antarctic Jews.
Not to dwell on what a Greek version of Hell would look like, but one of mine would certainly involve listening to one-note morons like you for all of eternity.
Viking Jews.
Planet of the Apes Jews.
Intergalactic Jews.
Fourth Dimension Jews...
I don't understand your post. Are you saying there are no dual citizens involved in banking, and hence fraudulent money-creation?
i don't understand your post. are you saying that there are no christians involved in the zionist banking cartel, that it's all the jews' doing, and that christians are all good clean wholesome people? surely you're not that delusional?
or is it that you are a collectivist, and that you think if some jews in the .01% are finding a way to extract the wealth of the general public (due to the public's own stupidity), that therefore all jews are to blame?
our fight against the banksters is a righteous one, i can't stand nazis, klansmen, and other trailer trash lowlifes who try to drag their ugly, dirty, religion into the picture and make us look bad.
attack the specific individuals who deserve to be attacked and leave your ugly religion out of it.
No, what I said was I didn't understand his post. Now add to the list that I don't understand yours either.
Not sure what data points you've strung together to arrive at me being a "collectivist?" Huh?
...and my religion is "ugly?' When did I mention my religion?
WTF are you talking about? Seriously
You forgot the anti Jew Jews
Pay yourself first, then worry about the bill collectors or anyone you owe money to.
Credit Ratings are for Gentiles.
When that was written gold and silver were money so if you failed to pay back a loan the statement is true. The debt that Greece will default on was created out of thin air so they are stealing nothing.
that's bullshit, a cop-out, an excuse that deadbeat losers tell themselves.
if i buy your car by writing you a check, and the check bounces, is it ok for me to say i just made up the check from nothing, so i don't owe you anything, and oh by the way i'm keeping the car?
the real issue with greek debt (and other sovereign debt) is that it is ODIOUS debt - it is debt that is taken on by the "leaders" of a nation who then use the funds to benefit themselves and their cronies, NOT for the public good, yet they leave the public on the hook for paying the bill when it comes due.
Profits are privatised, losses are socialised
And, welcome to America.
Uhh no actually its not a bullshit excuse its the truth. The money that the bank "loaned" you for that car they just created as if by magic. And no Im not a deadbeat loser thanks.
Listen to yourself..."Greece should be totally destroyed economically"...seriously?
You DO realize that the overwhelming majority of the folks who live there are honest, hard working people who had NOTHING to do with any of this shit, don't you?
Enough with all this fucking debt-worship already! Money is not some kind of fucking GOD...it's money. And in the case of our modern fiat, it isn't even REAL money! Created right out of thin air! So FUCK the little tin-pot "god" and his endless tithing, tithing, tithing (Jesus H. Christ! LOOK at that payment schedule!!!)...And no more throwing our neighbors into the volcano in order to appease this worthless little SHIT of a "god"! And his priests can go fuck themselves too...
Good come back.
I'm not sure if Prober knows contracts and finance.
I don't. But the Charters given to these Banks are stratified into different levels. If you are TBTF you have lots of advantages over small banks.
Commercial Banks in the U.S.
2015:Q1: 5,501 Number (small businesses and small banks are closing down or being bought up)
Quarterly, End of Period, Not Seasonally Adjusted, USNUM,
http://research.stlouisfed.org/fred2/series/USNUM
Greece has probably gone through the closing down of small businesses too. But overseas you can meet plenty of people that shut down businesses to retire out of country.
Debts, Loans, Contracts are discounted and sold off since there is a lot of money in Banking & Credit. Even Mortgages or Sub-Prime Mortgages are discounted and put into Tranches in Derivatives. (But I'm not a finance guy)
Where is the most money Created? Fiat is created by Banks with little real controls or limits. Holding companies have no oversight at all. Cede and Company. DTCC. Look at the Stock Exchanges they are Self-Regulating Organizations. They say the SEC allows Stocks and Bonds to Self-Regulate through FINRA or other Association. SEC & FED pretend to set limits, but capitalization levels, reserve levels are minimal. SEC gets agreements to settle out of court or refers cases to the Courts. If a New York Governor starts to investigate Wall Street, they get rid of him. TBTF pay 1% fine on the Fraud or Money Laundering and that is called regulation when the same banks are repeat offenders for the same practice??
Money is not created out of wealth for most of the US GDP. DTCC alone has managed $1.7 Quadrillion in Derivatives.
Don't like the contract terms... don't sign the contract.
Nice fascist idea. Sell your derivatives in Europe to people that don't understand under conditions of fraud stating that the underling securities are AAA rated (but we may not tell you that we paid the Rater for the Rating)
All of Banking is a kind of act by Mesmer. Complicated terms, complicated sentences, complicated contracts, endless clauses and subsections. We used to run these guys out of town on a rail with tar and feathers if they drank away or wasted the money.
But the Deals, the Confidence game today is 10s of billions of dollars. They should no longer be Self Regulating Organizations. (along with Lawyers, Judges, and Congress)
self-regulatory organization (SRO) is an organization that exercises some degree of regulatory authority over an industry or profession. The regulatory authority could be applied in addition to some form of government regulation, or it could fill the vacuum of an absence of government oversight and regulation. The ability of an SRO to exercise regulatory authority does not necessarily derive from a grant of authority from the government.
- Financial Industry Regulatory Authority (FINRA)
- American Arbitration Association
- National Association of Realtors (NAR)
- American Medical Association (AMA)
TPP contains what? Provisions for Arbitration by a group of Professionals in a SRO, Self-Regulatory Organization.
"I'm not sure if Prober knows contracts and finance."
Prober retired at 38 after building businesses and marketing/sales/distribution operations worldwide, including in Europe, Prober wrote more real business contracts than you bozos have written blog posts, and Prober actually manages a multi-million dollar investment portfolio for charities, etc etc - which means that Prober knows infinitely more about real government, business, financial, and economic issues globally than any of you arm-chair wanna-be's.
All you experts on greece should first go to greece, try to start and run a business there, THEN come back here and share your experiences. I know from experience that greece is horribly brutal on entrepreneurs, that the government is hyper-bloated and corrupt, that socialism, marxism, entitlement-unionism, corruption and parasitism are endemic to the culture and rampant, and finally that there is NO movement by the hyper-politically active noble virtuous greek people to change ANY of this because the majority of them LOVE their entitlement society, especially the do-nothing-useful grossly-over-paid ubiquitous government patronage jobs with plush early retirement - which is what most of the defrauded/stolen "borrowed" money was spent on.
Here are the facts:
1. the greeks did the bond selling and loan taking AND not repaying, that makes them the blood-sucking lieing cheating deceiving defrauding parasites and thieves, NOTE that BONDS are NOT money created out of nothing, but rather purchased with real savings from real working people
2. the noble virtuous greek people arose in demonstrations and voted out the polititicans who defrauded and stole the loot ONLY AFTER the greeks were required by their victims to pay back what they stole and defrauded under euphemism of "borrowing"
3. the noble virtuous greek people COULD HAVE voted out the polititicans who defrauded and stole the loot, BUT they did not because they were very happy to be getting free money for do-nothing-useful government jobs, and retiring at 45 with lush government pensions - ALL PAID FOR WITH THE MONEY STOLEN AND DEFRAUDED FROM CREDITORS
The greeks must repay every cent, OR suffer total ruin, this is morality and justice, AND a lesson to other corrupt degenerate socialist parasite societies.
Maybe the Greeks should work on their first place obesity trophy.
https://docs.google.com/viewer?docex=1&url=http://www.oecd.org/health/49...
You are definitely the dumbest sheep on the farm. You should be slautered for such stupidity!
I guess this means Greece isn't going to default.
I think it should be able to make it's finances work.
- Yeah they have some liabilities, some assets, some Industries... Social security is good for the economy because it is spent in the economy, just like in the USA
- Greece is pulling out of a Recession
- Politics against Greece is a Psy-Op, a Banker Play, Greece's Finances have been victim of a Financial Scheme aided by US Bankers, European Bankers are just screwing with Greece under normal Corporate Warfare and Misinformation
- First they Deregulated Banking, then they inflated Bubbles, then they went after Retirement, Pension, and University Trust Funds, then the Banking Collapsed, then they came for the 'Losers' in the Economy, then they came for Greece, then they came for US Social Security, then they came for you and me
"The economy of Greece is the 43rd or 51st largest in the world at $242 billion or $283 billion by nominal gross domestic product or purchasing power parity respectively, according to World Bank statistics for the year 2013.[4][5] As of 2013, Greece is the thirteenth-largest economy in the 28-member European Union.[30] In terms of per capita income, Greece is ranked 37th or 40th in the world at $22,083 and $25,331 for nominal GDP and purchasing power parity respectively."
"A developed country, the economy of Greece mainly revolves around the service sector (80.6%) and industry (16%), while agriculture made up an estimated 3.4% of the national economic output in 2012.[2] Important Greek industries include tourism and shipping. The Greek Merchant Navy is the largest in the world, with Greek-owned vessels accounting for 15.17% of global deadweight tonnage as of 1 January 2013,[31] due to the unprecedented demand of investment on the shipping industry of international transportation between Greece and Asia in recent years.[32] With 17.9 million international tourist arrivals in 2013, Greece was the seventh most visited country in the European Union and sixteenth in the world.[33]"
"Greece is classified as an advanced,[39] high-income economy,[40] and was a founding member of the Organisation for Economic Co-operation and Development (OECD) and the Organization of the Black Sea Economic Cooperation (BSEC)"
"The country's economy was devastated by the Second World War, and the high levels of economic growth that followed throughout the 1950s to 1970s are dubbed the Greek economic miracle. Since the turn of the millennium, Greece saw high levels of GDP growth above the Eurozone average, peaking at 5.9% in 2003 and 5.5% in 2006.[43] The subsequent Great Recession and Greek government-debt crisis, a central focus of the wider Eurozone crisis, plunged the economy into a sharp downturn, with real GDP growth rates of ?0.2% in 2008, ?3.1% in 2009, ?4.9% in 2010, ?7.1% in 2011, ?7.0% in 2012 and ?3.9% in 2013.[44][45][46] In 2011, the country's public debt reached €355.141 billion (170.3% of nominal GDP).[47][48] After negotiating the biggest debt restructuring in history with the private sector, Greece reduced its sovereign debt burden to €280.4 billion (136.5% of GDP) in the first quarter of 2012.[49] Greece returned to growth after six years of economic decline in the second quarter of 2014,[50] and was the eurozone's fastest-growing economy in the third quarter.[51]"
- Default or miss a payment is it anything other than a lower financial rating and more difficulty getting new financing... they just just keep the deals they have, pay them when they can on a new schedule, like miss one month of payments, and all of a sudden you have lots of tax revenue to met the future ones
- Pay yourself first, then pay your debt collectors, old trick
These Creditors are as sharp as US Private Executives that handled Union Negotiations since the 1960s.
Wait... Big 3 Autos have lost out to competition to Foreign Auto Makers. Then why did they get that huge Compensation, just for "Trying to fix the companies".
Reminds me of TBTF who "Failed Epically", but got huge Compensation for it.
Hey even the USA has been involved with Greece Democracy in a fight against Communism since 1947. Epic Fail.
And today's Banking Rules, US Congress, US President "Epic Fail".
"Hey Greece, don't worry!! We will send you the US BAR Association and a team of Crack Lawyers!!" S/
"And we will send a Congressional Delegation that should work!!" S/
Hey how about a US Congressional Commission on Greece Crisis? S/
This just reinforces my opinion that Greeks decided along time ago they were not in control of their corrupt government.
So much so, that they decided the only way to protest it is to not support it by not paying taxes.
That didn't stop the corrupt ones from digging the country a big ass hole.
That Greeks refuse to prosecute any former Greek government official or bankster for getting them where they are is how Greece works, or doesn't.
huh, just like merika?
Huh? The debt based hurricane of fake promises out of fiat is farting in my direction? Hell? Hell i ain't paying. I'd rather shoot someone. Like myself.
Hey, here's some Dragme's IMF. At least 18% in the SDR. Wanna play?
Who gives a flying fuck? If you owe the bank $10,000, it's your problem.
If you owe the bank 352 billion Euros, it's the fucking bank's problem.
Bring out the olives, the feta, and the stuffed grape leaves, and let's have a party. Might was well bring some wine too, because it's not our fucking problem.
Yup. People who get that far in debt are dumb, but people who lend that much money when it can clearly never be repaid are far dumber.
The Banksters have long since had any risk removed from their loans to Greece.
The risk is borne by the money printers, or should I say, you and I, people affected by inflation and currency debasement.
Most of the bank debt is now on the gov't books. Banks will not suffer much should default be acknowledged.
So the FED Balance Sheet does not matter?
If you think that the FED will stand by and watch the Greeks implode the CDS Derivatives which will cause cascading Central Bank failures then you are smoking some wild shit.
You ought to take a look at just who is buying the Bonds...Can it be the ECB? No prudent investor would chase that debt no matter what returns on interest they get.
Wow. I get 25% return with the loss of my capital guaranteed. What a deal...what a deal!!!
You are insane. Even governments are not that damned crazy.
I'm not so sure. It is easier for the central banks to paper over their losses than to help stem a banking crisis. I guess they can always change the bank's mark-to-market accounting rules to pretend.
As for derivatives markets...we will just have to wait and see. There is truly no way to know how that plays out.
I'm short the market to the gills and my entire livelihood depends on a crash before 2017...fingers crossed...
REPO CRETE...GET IT OVER WITH!
"For Greece, This Is What Hell Looks Like"
Correction. Should read "for Greece's lenders, this is what hell looks like."
no problem, it only occasionally goes over 7 billion and they have a whole year to chew that much bubble gum
A new meaning of the word "impossible"
We all know how easy it is to say FU EU.
Poorly written.
Maybe they should learn to swim? https://www.youtube.com/watch?v=D7ErpFBO7RI
Farming,fishing and tourism.Think that'll pay it off?Those rich Germans who spend their winters at their "cottages" on the Greek Islands,please try to tip a little better please.
sorry you cant afford a nailgun...maybe a hammer
Panaritis appointed Greece's IMF representative amid SYRIZA complaints
Panaritis was a PASOK MP between 2009 and 2012. Over the last few months, she has been an adviser to Varoufakis and has been involved in Greece’s negotiations with lenders.
The Panhellenic Socialist Movement (Pasok) has dominated the Greek political scene for more than three decades. It soared to power in 1981. The dictatorship had just ended here; Pasok created a welfare state, transforming Greece into a modern, European country. But today it languishes at around 6% in the polls, widely reviled for corruption and for accepting hated austerity while in power in 2009. At the congress, it still inspires some loyal supporters.
Pasok modernised Greece, enriched it, but then mismanaged it. The country racked up vast debts while Pasok and the centre-right New Democracy alternated in power. Both parties have been shaken by corruption and clientelism.
The party is criticised for sowing the seeds of future problems by building a bloated public sector based on patronage. Tens of thousands of jobs were created in state companies and then given to Pasok members: a system that continued under New Democracy.
http://www.bbc.com/news/world-europe-22025714
http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_30/05/2015_550545
WR;)
The Treaty of Versailles for everyone
Varoufakis’s position has looked less secure since the Greek prime minister, Alexis Tsipras, shaped his Brussels negotiating team, seemingly sidelining his finance minister.
The finance ministry was also embroiled in a row after selecting economist Elena Panaritis to be Greece’s new representative at the International Monetary Fund. Some Syriza MPs had criticised the choice of Panaritis, who is a former MP for the leftwing Pasok party, which agreed Greece’s first bailout.
http://www.theguardian.com/world/2015/may/31/yanis-varoufakis-dismisses-...
WR;)
Meanwhile, la financial elite is hiding an estimated $7.6 TRillion in tax havens, 25x debt of Greece. Ergo, 5% wealth tax would solve Greece's issues.
http://www.nytimes.com/2014/06/16/opinion/a-piketty-proteges-theory-on-t...
It's like a guy who can't pay his mortgage in an intentionally inflated asset market to pay back the banksters...
Eventually he cannot pay and the bank takes the house. Greece is a country, so the 'creditors' eventually get a 'fuck off', usually backed by the military, and you're not taking this from us!
I assume that Syriza have the military onboard.
We shall see.