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IMF Humiliates Greece, Repeats It Will Keep Funding Ukraine Even If It Defaults

Tyler Durden's picture




 

One week ago, we were stunned to learn just how low the political organization that is the mostly US-taxpayer funded IMF has stooped when, a day after its negotiators demonstratively stormed out of the Greek negotiations with "creditors",  Hermes' ambassador-at-large Christone Lagarde said that the IMF "could lend to Ukraine even if Ukraine determines it cannot service its debt."

In other words, as Greece struggles to avoid a default to the IMF on debt which was incurred just so German banks can remain solvent and dump trillions in non-performing loans to US hedge funds and Greek exposure, and which would result in the collapse in the living standards of an entire nation (only for a few years before an Iceland-recovery takes place, one which Greece would already be enjoying had it defaulted in 2010 as we said it should), and as the "criminal" IMF does everything in its power to subjugate an entire nation, or else let it founder, the IMF told Soros' BFFs over in Kiev, that no matter if they default to its private creditors (in fact please do since Russia is among them), the IMF would keep the debt spigot flowing.

Courtesy of the US taxpayer of course.

Fast forward one week when, with Greece one step closer to a full-blown financial collapse, the IMF comes out and tell Ukraine - which already passed a law allowing it to impose a debt moratorium at any moment - not to worry, that even in a default it will keep providing unlimited funds. From Reuters:

Ukraine's efforts to strike a debt restructuring deal with its creditors will allow the International Monetary Fund to continue to support the country even if the talks are not successful, the head of the IMF said on Friday.

 

"I ... welcome the government's continued efforts to reach a collaborative agreement with all creditors," IMF Managing Director Christine Lagarde said in a statement. "This is important since this means that the Fund will be able to continue to support Ukraine through its Lending-into-Arrears Policy even in the event that a negotiated agreement with creditors in line with the program cannot be reached in a timely manner."

We will pass comment on this latest grand IMF hypocrisy and ask if Greece would rather be in Kiev's place which at the behest of "Western" leaders, it sold, liquidated, and otherwise "lost" all of its gold. Or, like Ukraine, Athens is willing to part with its $4 billion in gold just to appease the Troika as it sells all of its 112.5 tons of official gold to unknown buyers. A transaction which would buy Greece about 3-6 months of can kicking and a few stray smiles from Chrstine Lagarde.

 

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Fri, 06/19/2015 - 15:42 | 6215029 silverserfer
silverserfer's picture

Its made the handbag out of its own skin. 

Fri, 06/19/2015 - 15:47 | 6215051 Latina Lover
Latina Lover's picture

The banksters have plundered Greece for most of what they want. The Ukraine, however, offers the opportunity to destablize Russia and steal the biggest prize in the world, Russian resources and territory.   Personally, I wish Putin would stick a nuke up the IMF's ass.

Fri, 06/19/2015 - 15:47 | 6215055 MonetaryApostate
MonetaryApostate's picture

More Greece drama...   *Pukes*

Fri, 06/19/2015 - 16:12 | 6215174 Waylon Bits
Waylon Bits's picture

From Lagarde's botomless handbag....

Fri, 06/19/2015 - 16:30 | 6215233 BarkingCat
BarkingCat's picture

Lagarde is a bottomless hag bag.

If you take Cielis and your erection last longer than 4 hour, look at Lagarde's picture.

Instant cure.

Fri, 06/19/2015 - 20:13 | 6215976 Squid-puppets a...
Squid-puppets a-go-go's picture

THIS hypocritical situation is why fiat money supply is EVIL - writ large. Were america restrained by its gold holdings, it would not be ready to throw money at ukraine with the aim of goading russia into a mistake that will justify a wider war than that suffered by the ukrainians

Fri, 06/19/2015 - 21:32 | 6216195 Publicus
Publicus's picture

World War 3 will once again be in Europe.

Fri, 06/19/2015 - 21:44 | 6216223 philipat
philipat's picture

Demonstrating again that the IMF is simply another tool of US foreign policy. And in turn why China and Russia are in the process of establishing a new Organisation (AIIB) which will be less politically-motivated and more with pure development and trade interests in play.

Fri, 06/19/2015 - 23:57 | 6216568 Luc X. Ifer
Luc X. Ifer's picture

Just wait for that gas pipes to start pumping and you'll see who's gonna dance sirtaki & kazachok and drink ouzo & vodka ...
Kalimera & Nazdrovje

Sat, 06/20/2015 - 12:13 | 6217366 Luc X. Ifer
Luc X. Ifer's picture

Yes, indeed very few talk about the little dirty secret - that in fact it is in Greece best interest to leave EU & Euro and that in fact ECB/IMF fight this to avoid acknowledging that the strategy of building wealth & growth for a very few by sneaking enslaving/generational debt into many others is not working

http://www.cnbc.com/id/102769162

Sat, 06/20/2015 - 09:40 | 6217120 epicurious
epicurious's picture

You forgot the sarc notation.  There will be very little difference between one set of oligarchs and another.  This is just another form of new world disorder.

Sat, 06/20/2015 - 12:18 | 6217378 Luc X. Ifer
Luc X. Ifer's picture

*Disorder* - the forever fear-mongering emotional-selling scare-crow of the status-quo in place. Indeed, a multipolar world is much better for the non-aristocrats for the same reason a true-free, non-monopolistic market is for the economy.

Fri, 06/19/2015 - 16:25 | 6215217 Milestones
Milestones's picture

If my undertnding of the European Union charter is correct, the E.U. has no authority under that charter to THROW ANYONE out of the Union, there are NO provisions in said charter.

Further, if the E.U. tries to in some manner, to sanction Russia it requires a UNAMIOUS vote by said Union. 

Greece and Russia are playing footsie TODAY in St. Petersberg. What happens if Greece says NEIT to any such action such as sannctions--it goes down the toliet.

Pray tell, who really has the ace of trumps? I think we see the REASON this has been dragging out in such comical manner.

Milestones 

Fri, 06/19/2015 - 18:16 | 6215614 TheReplacement
TheReplacement's picture

I think you mean NYET, not NEIT.  Boris will not be pleased. 

Fri, 06/19/2015 - 21:51 | 6216242 glenlloyd
glenlloyd's picture

No...more Greek Drachma...

Fri, 06/19/2015 - 16:35 | 6215260 Meremortal
Meremortal's picture

Putin and the new Russian empire will be gone in 5-7 years. I'm fine with that.

The IMF will still be causing problems, unfortunately.

Just another workaround, there are many on the naked planet.

 

Fri, 06/19/2015 - 17:36 | 6215276 farflungstar
farflungstar's picture

What Russian Empire?

The AmeriKan and European dumbocrats keep saying that shit too, but then, I don't expect them to back their noise up with any actual facts.

Hasn't it occurred to you that Russia has more than enough unspoiled land within their own borders that they do not need to subjugate former Soviet countries that would fight tooth an nail against any sort of re-incorporation? No, the West's covetous ones are itching for that unspoiled land to plunder for themselves, free of charge. The "Russian / Soviet Empire" soundtrack is just a ruse for the rubes as the AmeriKans build up their forces in preparation for the day when they attempt to steal what is not theirs. 

Fri, 06/19/2015 - 17:49 | 6215494 Latina Lover
Latina Lover's picture

+100

 

Stratfor is pushing the meme that Russia will disintegrate within the next decade and the USSA will have save the world (tm) by rescuing Russia’s nukes from rogue elements.

Russia survived Hitler, Napoleon and the Bolsheviks but is now a doomed state, LOL>  This is why I cancelled my subscription. Why pay $$ when I can read the same BS for free,courtesy of the USSA state department?

Meanwhile, a decade back Goldman Sucks predicted that Russia would be richer than the USSA on a per capita basis.

Fri, 06/19/2015 - 21:38 | 6216208 WTFUD
WTFUD's picture

I used to be naive enough to subscribe to the MIC's/CIA Stratfor Disinformation. It's criminal that they feel they have a finger on the pulse when they'd be doing us a service having no pulse.

Fri, 06/19/2015 - 22:04 | 6216282 willwork4food
willwork4food's picture

I hope I don't muck things up too much here but don't forget that PUTIN alone is worth north of $70Billion. Something tells me he has NWO ranking and this is all a horse & pony show for the serfs of both Russian and the US and the world.

Sat, 06/20/2015 - 06:21 | 6216916 Farqued Up
Farqued Up's picture

I gave you an upper on the reasoning, even though I have a bit of doubt about the 70 bill. 

Why do I think you MAY be right? FSA is carpooling to the space station with them. Something smells like a ripe dead shrimp in a bait bucket in the car trunk in the summertime.

Sat, 06/20/2015 - 10:46 | 6217218 Counterpunch
Counterpunch's picture

And I'm open to changing my mind but I believe this is a disinfo meme out of the Beltway.

1) what is the evidence of 70 billion?
2) what is the evidence, irrespective of 1, that Putin and theAnglo-Zionist Front, despite all the appearances to the contrary?
3) irrespective of both 1.and 2., why would the NWO/ZWO and Putin engage in theatre at all?

Again, I am open, but seems like naked disinfo.

Fri, 06/19/2015 - 23:12 | 6216453 angel_of_joy
angel_of_joy's picture

Stratfor is just George Friedman talking to himself in front of a mirror, and trying to sound convincing... Don't waste your money. A Russian partition is an old reccuring wet dream of our elites. Not a chance in Hell to become reality, but it sure feels exciting. Hence their bullhorn, the Friedman guy...

Fri, 06/19/2015 - 17:19 | 6215401 tbd108
tbd108's picture

You are not a "meremortal", but a "merehalfwit." Russia has no debt, has more natural resources than any other country on the planet, and Putin is considerably more popular than Jesus. The bankrupt West is going down almost certainly long before 5-7 years ... huge external debt, sociopathic leadership, a broken welfare/warfare state, people who are not just ill-educated but positively clueless ... Assuming that you are putting your money where your stupid mouth is, hopefully your parents have a basement for you to stay in  with your pet rat when the fruit of actions of the West ripens.

Fri, 06/19/2015 - 18:24 | 6215641 TheReplacement
TheReplacement's picture

Russia does have debt, not much but some. 

Russia is missing one important thing - population.  Maybe that is why China is being so nice - room for expansion.

Think of it.  The west and Russia destroy each other, one way or another.  At best the survivors will be very weakened.  What are 1.3B Chinese to do?  They could build lots of boats and planes to get across the ocean to a somewhat depleted and polluted America or they can walk north and west to vastly more resources and less pollution.  If I was China, this would be in the playbook.

Still, nukes, the ability and willingness to use them trump all.

Fri, 06/19/2015 - 19:23 | 6215817 tbd108
tbd108's picture

It is true that the neo-cons/nazis are trying to draw the Russians into "nuclear combat" ... toe to toe ... (with respects to Slim Pickens) ... but so far Putin has refused to bite. Barring that calamity, the Russians have survived worse rivals (Hitler, Napoleon). They certainly have deep problems but at least their leader is not a racist half-wit tool of the Chicago mob and the New York/London banksters.

Sat, 06/20/2015 - 06:43 | 6216926 BoredRoom
BoredRoom's picture

Why do you repeat American Communist Party namecalling?? I'll bet you are too ignorant to know that's what you are doing.

Sat, 06/20/2015 - 00:21 | 6216608 Luc X. Ifer
Luc X. Ifer's picture

sweet dreams yo mortal brain

Sat, 06/20/2015 - 00:28 | 6216620 Ward no. 6
Ward no. 6's picture

did u give yourself the 1 ?

Sat, 06/20/2015 - 05:04 | 6216882 invisible touch
invisible touch's picture

i not see revolt in futur since sleeping in gaz simply never make you wake up again.

 

considering the greek population keep living without too much medias inceptions, bank run or not, this will go for more than a whole generation,  once that new generation of people will have raised in the no futur state of mind,  troika will have applied the core of the method to rest of europ  with help of TTIP and other stuff who unbalance internal economy and kill jobs making a societal collapse... 

 

6th animal exctinction started with eurozone.

 

problem with europ is they let their wealth flee outside, and in same time seek for external wealth to import by force.

locking & raising import taxe, relocalizing jobs and factories and pay fair price for local food production should do the job, i do not understand why they keep laminating themselves by letting the doors and windows open... it is just non sense for the masse who keep sleeping in gaz and wonder why their country is slowly dying.

 

 

Fri, 06/19/2015 - 17:12 | 6215362 Kirk2NCC1701
Kirk2NCC1701's picture

LL, I'd settle for a Financial Nuke:  "GOLD FOR HYDROCARBONS!"1, EUs Guys

Unless you're a BRICS member.  Then you pay in Rubles or Yuan.

[1] Exchange-in-Kind: Real assets for Real Assets.  Keep your fiat, Miststück, Merkel.

Sat, 06/20/2015 - 13:43 | 6217552 bid the soldier...
bid the soldiers shoot's picture

true, LL

The banksters have plundered Greece for most of what they want. 

With the exception of naval bases in the Mediterranean, at the mouth of the Dardanelles, which, if leased to Russia, should put the NATO warships frolicing in the Black Sea on good behavior when they depart.

The Maidan started out as a win-win for NATO.  Either the Russians would cave in to their demands or join a neverending battle with the proxy Ukes.

Now the coalition is unraveling. Slovakia, Czech Republic Hungary, Italy, Austria have all expressed dissatisfaction with 'the world according to Noodleman.'

Finally, Rome wasn't built in a day nor will America be taken down in a day. 

Fri, 06/19/2015 - 16:04 | 6215130 CPL
CPL's picture

The snake always eats itself once it runs out of food.  That's just how the history of collapse works.

Fri, 06/19/2015 - 15:43 | 6215032 Jacksons Ghost
Jacksons Ghost's picture

The Spice must flow.

Fri, 06/19/2015 - 16:54 | 6215187 Bioscale
Bioscale's picture

I've read  about former Russian finance minister Kudrin suggests early presidential elections to speed up reforms in Russia. Another guy who was schooled by IMF to tell the old story that is currently happening in Macedonia, Moldavia, Ukraine maybe other countries.. Funny how IMF never calls for reforms in the USA.

http://rt.com/politics/268114-russia-kudrin-early-elections/

Fri, 06/19/2015 - 15:44 | 6215039 Skateboarder
Skateboarder's picture

When there's nothing left to sell, the people get sold. Or was it the people who got sold first. I don't remember, but the point of the story is, people get sold at some point. Every time, without fail.

Sat, 06/20/2015 - 07:57 | 6216994 WOAR
WOAR's picture

Your eyeballs are the first commodity to be sold.

"Have fun at the circus, and here, take a bagette with you when you go..."

Now, instead of bread and circuses, we have Youtube/MSM/Pornhub and EBT cards.

What's that saying? Same as it ever was?

Fri, 06/19/2015 - 15:45 | 6215041 Bill of Rights
Bill of Rights's picture

The IMF itself is Humiliating so they've got something in common.

Fri, 06/19/2015 - 15:45 | 6215042 buzzsaw99
buzzsaw99's picture

the imf is just a tool of the usa ptb and an extension of usa foreign/economic policy. everyone knows that.

Fri, 06/19/2015 - 15:52 | 6215076 Oh regional Indian
Oh regional Indian's picture

Word on conspiracy street is that reality is actually the opposite of what you state buzz.

It is the IMF that is the real capo in this deal.

Fri, 06/19/2015 - 15:58 | 6215096 Eirik Magnus Larssen
Eirik Magnus Larssen's picture

The fact that the United States has veto power over IMF decisions and repeatedly has denied the upcoming economies of the world (particularly China, India and Brazil) greater voting rights within the IMF is rather telling.

Fri, 06/19/2015 - 16:32 | 6215246 clooney_art
clooney_art's picture

IMF = International Mother Fucker.

Fri, 06/19/2015 - 17:16 | 6215387 Kirk2NCC1701
Kirk2NCC1701's picture

I beg to differ on the International part.

But decorum prevents me from being explicit.

Sat, 06/20/2015 - 10:12 | 6217172 20-20 Hindsight
20-20 Hindsight's picture

Inbred?

Fri, 06/19/2015 - 15:46 | 6215049 Oh regional Indian
Oh regional Indian's picture

Lending into our rears?

Sounds odd...also sounds greek...

What's the problem here?

Fri, 06/19/2015 - 15:48 | 6215057 Ness.
Ness.'s picture

it's buying stocks time - very bullish this.

Fri, 06/19/2015 - 15:49 | 6215062 sablya
sablya's picture

It is a good decision from an investment perspective.  Greece is a money pit, always has been, always will be.  They'll never pay back from their own GDP.  Ukraine, on the other hand, has great potential because Ukrainians are technologically competent, able to manufacture, able to export high-end hardware and software.  If they can just get the oligarch leeches off them, and the Russian monkey off their back, they might have a great economy.  

Fri, 06/19/2015 - 15:52 | 6215078 kaiserhoff
kaiserhoff's picture

Some of the best farm land in the world, and a key cross roads location,

  but in a rough neighborhood.

Fri, 06/19/2015 - 17:28 | 6215435 Latina Lover
Latina Lover's picture

Sablya, agree that the Oligarchs leeches  need to be removed, but the facts are that the Ukraine economy cannot function without working closely with Russia.  The EU will only exploit them whilethe USSA profits through their deaths.  If the Ukraine became an independent, neutral nation, brokering between the EU and the SCO, it could eventualy become a successful nation. But it will take decades to recover from it's economic implosion.

Fri, 06/19/2015 - 17:44 | 6215502 Neochrome
Neochrome's picture

Because EU is eager for more competition to their agricultural sector... Be honest to others and yourself, Ukraine has nothing that EU needs. Heard that same story about Kosovo and their mining industry, and yet first few months of this year saw exodus form Kosovo across Serbia that in some other times would be plastered all over the media as pictures of "ethnic cleansing". Only if it would be so easy, and west so eager, to grant them "political" asylums as in good old times...

Fri, 06/19/2015 - 17:51 | 6215529 Latina Lover
Latina Lover's picture

The Germans wanted the Ukies as cheap labor to compete against China and other asian nations.

Sat, 06/20/2015 - 01:29 | 6216707 Bunga Bunga
Bunga Bunga's picture

Bullshit. Germans did a lot of business with Russia, now they are suffering because of the Ukraine related boycotts. Germany has the technology, Russia the ressources, together they would be THE superpower. This whole Ukraine thing was just started by the US to prevent more economic and political cooperation between Europe, Russia and Asia.

Sat, 06/20/2015 - 08:19 | 6217023 Latina Lover
Latina Lover's picture

I agree with the main part of your argument.  The USSA overthrew the Ukie government in part to prevent co operation between Germany and Russia.  Unfortunately Merkel is a bought and paid for USSA stooge acting against Germany's better interests. The cheap ukie labor argument is used to deflect criticism of her actions.

Fri, 06/19/2015 - 19:33 | 6215848 BarkingCat
BarkingCat's picture

When NATO goes bankrupt the Serbians will take Kosovo back and there will not be a single Albanian left there.

Do not think for a second that Serbia has forgotten anything.

 

EU does want Ukraine. Some of the best farm land anywhere on this planet. Competition? What competition. EU corporations want that farm land for themselves.

They do not intend to buy from Ukrainian farmers. They want to buy the land for pennies on the dollar.

They have done the same with industries in other former Soviet block nations. Bribe the government clown in order to buy nation's treasure for next to nothing.

Many Ukrainians actually know that they have great farm land. What they do not know is they are about to be experience anal date rape, geopolitical style.

Sat, 06/20/2015 - 05:32 | 6216894 ThirdWorldDude
ThirdWorldDude's picture

It¨s not only Serbia (and see this), Kosovo will only be the beginning.

Once "Romani ite domum" and Bondstilia is fully dismantled, all Albanian errand boys on the Balkans will get to choose: either learn coexistence and respect for other nations or get bulldozed into the Ionic Sea once and for all...

Fri, 06/19/2015 - 22:07 | 6216289 4 wheel drift
4 wheel drift's picture

indeed shitty location...  and THAT eliminates any REAL possibility for success.....

mabe.... assuming farming location is proper....    new wines can be grown there and like levi straus sold jeans to the miners....   one could sell wine to the hopefuls...   -:^)

Fri, 06/19/2015 - 15:55 | 6215095 Quinvarius
Quinvarius's picture

"That is no Russian Monkey, that is my wife!"  I am pretty sure that is how the punchline went.

Fri, 06/19/2015 - 16:21 | 6215204 Icelandicsaga.....
Icelandicsaga...............................................'s picture

WHich UKE oligarch do you work for ..they wil never have a 'great' economy .. if what you mean prosperity for greatest number . because the CULTURE and system is an oligarchical one . .very difficult to take out ..cronyism .. and nepotism ab ound .. Greece . may stand a chance.. the Ukraine .. is now Soros's bitch. Not to mention another whore of the USSA .. like Poland .. which sold its soul to the IMF .. USSAand EU plutocrats  long ago.

Fri, 06/19/2015 - 16:41 | 6215271 BarkingCat
BarkingCat's picture

There are a lot of pissed off Poles right now. If the trend continues there will be a swing in another directon.

Give it time. Many are still blaming Russians for communism and butt sore about it.

The NGO did a great job educating the young. Problem with false education is that people eventually see though the bullshit.

Fri, 06/19/2015 - 17:12 | 6215372 swmnguy
swmnguy's picture

I can't believe any Polish government has decided to support the OUN in Ukraine.  I would think that Polish money, weapons and mercenaries being sent to Ukraine to support people who march around carrying pictures of Stepan Bandera and displaying the Wolfsangel would be enough to spark a spontaneous coup d'etat, but apparently not.

I know that if you really want to perplex a Polish patriot, give him the choice of killing a Stalinist Russian or a Ukranian Ultranationalist; but he can only kill the one.  Still, I would think there are enough Poles who realize it really isn't a binary, either/or situation, and they don't have to support either Russia or the Ukranian fascists.

Sat, 06/20/2015 - 06:03 | 6216909 ThirdWorldDude
ThirdWorldDude's picture

Polish establishment has been an active NWO accomplice ever since the days of Solidarnost, which can be seen by their constant hawkish approach regarding all things Russian...

As for ordinary Poles, $100 million in 20 years buys you a lot of propaganda and NGO's. Don't forget Polish nazis make the largest numbered group of international "volunteers" fighting for Banderastan.

Fri, 06/19/2015 - 18:27 | 6215656 Neochrome
Neochrome's picture

US is saying that their military bases across the world are "by invitation only" and the same could be said with about as much straight face about Warsaw pact troops in Eastern Europe during the Cold War or Soviet troops in Afghanistan. Poles have just got out of one hole and promptly dug up another one for them selves. So yes, it is still a hole, by any other name...

Fri, 06/19/2015 - 15:51 | 6215069 Rainman
Rainman's picture

'Restructuring', bitchez..... we gonna hear that word a lot.

Fri, 06/19/2015 - 15:52 | 6215074 Sudden Debt
Sudden Debt's picture

If you want money to buy guns and get killed it’s okay!

If you’re planning to just use it to give food to the people... that’s not how banks rule the world.

Fri, 06/19/2015 - 15:58 | 6215110 cherry picker
cherry picker's picture

True isn't it?

Fri, 06/19/2015 - 16:48 | 6215293 TeethVillage88s
TeethVillage88s's picture

A good Reminder.

Fri, 06/19/2015 - 15:52 | 6215077 Bighorn_100b
Bighorn_100b's picture

Just what exactly does the IMF do? Are they the girlfriend that passes messages between a broken relationship? All gossip, no skin in the game, just there to look like support, just to have a little say, control of the conversation? Seriously, it's like a teenager addicted to soap operas.

Fri, 06/19/2015 - 15:58 | 6215109 Quinvarius
Quinvarius's picture

They rape people.  Since Legarde came on, it is just a figurative raping.  The previous guy was literal.

Fri, 06/19/2015 - 18:18 | 6215620 Max Steel
Max Steel's picture

hahahaha stahp please quinvarius ! too funny . damn ..

Sat, 06/20/2015 - 12:49 | 6217444 bid the soldier...
bid the soldiers shoot's picture

remind me, Quinvarius, whose 'honey trap' came first?

Assange's or Strauss Kahn's? 

Sat, 06/20/2015 - 07:06 | 6216946 Farqued Up
Farqued Up's picture

Print fiat, bribe countries' politicians to steal more than they can carry, when the bribed ones leave office and their countries are stone cold busted, offer to let the fiat be forgiven for payment of real hard assets.

Uh, let's see what you have that's worth that wonderful fiat we loaned you, well we don't like it but we'll take the stacks of the ancient relics, yeah, we'll take the farmland, drugs? You have poppy fields? Coca plantations? Oil and gas? Uranium? Yeah, they will have to do, we suppose. Commercial ports? OK so far but you still have 50% more to go, how about some slave labor, got any? No, we don't want the banks we don't already own, do we look stupid?

See South America.

Fri, 06/19/2015 - 15:54 | 6215085 lolmao500
lolmao500's picture

Well of course, how else will Ukraine continue their war... they need US taxpayers money... erm... I mean IMF money

Fri, 06/19/2015 - 15:54 | 6215086 Atomizer
Atomizer's picture

If Footmen Tire You, What Will Horses Do? (1971)

Tell me another bedtime story Lagarde.

Fri, 06/19/2015 - 16:19 | 6215195 Tebow
Tebow's picture

Great clip.

 

Sat, 06/20/2015 - 12:22 | 6217386 bid the soldier...
bid the soldiers shoot's picture

is that Ernie Kovacs?

Fri, 06/19/2015 - 15:54 | 6215087 q99x2
q99x2's picture

If the bankers have taken over the political body and are funding the military to fight the citizens what is the difference between Ukraine and the United States.

Fri, 06/19/2015 - 16:45 | 6215284 BarkingCat
BarkingCat's picture

Ukrainians are not burdoned by bullshit polical correctness.

If they learn that the tribe has been fucking them over again, they will have no problem terminating them quickly and violently.

 

Fri, 06/19/2015 - 19:32 | 6215845 conscious being
conscious being's picture

How could they not know? Ukraine to me seems to be a place where people live under a new form of the Red Terror, enforced by Zino-oligarch warlords. People get tortured and disappeared all the time  in the place funded by our "beacon of democracy" via the IMF.

Fri, 06/19/2015 - 15:59 | 6215115 SillySalesmanQu...
SillySalesmanQuestion's picture

Cristine Lagarde is a five dollar whore of the western bankers, which is only slightly better than the fifty cent presstitute whores of the media.

Fri, 06/19/2015 - 17:26 | 6215416 Kirk2NCC1701
Kirk2NCC1701's picture

She's a Shabbos1 Schiksa2

Also in German "Schickse" (Floozy).  Funny, but if you speak German, you can understand 70% Yiddish, since it is based on a cocktail of German, Polish and Hebrew.

FinanzNutte or FinanzSchlampe also comes to mind.

Fri, 06/19/2015 - 16:00 | 6215116 suteibu
suteibu's picture

Greece has already been looted.  Ukraine, on the other hand, is still useful and very ripe for the picking.

Fri, 06/19/2015 - 16:41 | 6215274 Meremortal
Meremortal's picture

Greece has been "looted" 5 times since 1826. The current period (since 1932) is the longest Greece has gone without defaulting since 1826.

IMF or no, default is what Greece does, over and over.

IIRC, only Spain has them beat.

 

Fri, 06/19/2015 - 19:39 | 6215867 conscious being
conscious being's picture

sutiebu my friend, you are missing the sub plot. Greece, unlike Ukraine, still has their gold. Like in Lybia and a few other places, the IMF wants Greece to cough it up to keep the gold suppression vs. the flaccid fiat dollar game going a while longer.

Fri, 06/19/2015 - 16:02 | 6215126 cheech_wizard
cheech_wizard's picture

Someone needs to drown that oompa-loompa in a vat of Roshen chocolate.

Fri, 06/19/2015 - 16:03 | 6215133 Joebloinvestor
Joebloinvestor's picture

Lagard was banned from the infield at the IMF baseball game.

Only one bag allowed per base.

Fri, 06/19/2015 - 16:05 | 6215145 silverer
silverer's picture

It's a simple risk/reward formula.  I guess that means that war in the Ukraine with the US involving Russia is now a guarantee?

Fri, 06/19/2015 - 16:08 | 6215161 cherry picker
cherry picker's picture

Want to stop this?

Join ISIS.  You can get an application and your first check at CIA in Langley, the headquarters for world terrorism which is beyond the reach of any law in the world.

Fri, 06/19/2015 - 16:10 | 6215163 rejected
rejected's picture

Fascist Nazi's take care of their own.

Fri, 06/19/2015 - 16:14 | 6215179 Tebow
Tebow's picture

That's some funny shit!

 

Fri, 06/19/2015 - 16:25 | 6215216 Bobbo
Bobbo's picture

Apparently there isn't much Monsanto in Greece yet.  Gotta hand out money where it floats the big boats.

Fri, 06/19/2015 - 16:27 | 6215224 supermaxedout
supermaxedout's picture

The IMF makes it very clear.

Ukraine gets funds because it invests in military spending.

Greece is cut off from funds because Greece wants to cut military spending instead of cutting the already minuscule pensions.

http://www.huffingtonpost.com/2015/06/15/imf-greece-veto_n_7588594.html

Fri, 06/19/2015 - 16:28 | 6215228 HenryHall
HenryHall's picture

Well heck yes,

the whole purpose of the IMF is to fund wars and stir up conflict and destruction all over the globe.

Why would they stop now?

Fri, 06/19/2015 - 16:33 | 6215250 Dominus Ludificatio
Dominus Ludificatio's picture

I think i am saturated with this daily Greek drachma. Greece has displaced Jerusalem as new centre of the universe.

Fri, 06/19/2015 - 16:35 | 6215259 yogibear
yogibear's picture

When do we find out that Lagarde is really a Frenchman that had a bad sex change operation.

Fri, 06/19/2015 - 17:35 | 6215460 Bemused Observer
Bemused Observer's picture

...from the safety of the corner where she had deposited her egg sac, LaGarde slowly unfolded her thin, orange legs and made her way towards Greece...

Fri, 06/19/2015 - 16:45 | 6215285 TeethVillage88s
TeethVillage88s's picture

Wouldn't it be Monetary Stimulus just like QE, IF ECB Paid Greek Debt Payments for one Year?

- It's the American Model
- Would be Cheaper than $80 Billion a month by Far

What you say? Banks don't spend money into the Economy, so it is not a Stimulus.

Well didn't EU just go into QE this Year? Obviously EU Can't be prejudiced against Greek Bank Lenders.

- Unless EU really does want to Pick the Losers for political or other reasons, or want to hold power over Greece.

Fri, 06/19/2015 - 16:46 | 6215289 bthunder
bthunder's picture

1st round of restructuring for Ukraine, 3rd (or 4th? )  for Greece

17 billion debt for Ukraine, population 44 million vs 250+ billion for Greece, population  11 million

strategic relavane:  grete vs marginally important.

 

who woudl you loan your money to?

 

Fri, 06/19/2015 - 18:59 | 6215754 Rock On Roger
Rock On Roger's picture

Ukraine responded to IMF's loans by providing the blood and death the IMF required.

 

Greece isn't busy shelling their own countrymen so Greece gets nothing.

Fri, 06/19/2015 - 19:44 | 6215881 conscious being
conscious being's picture

Unfortunately, before this is all over, they will get something started in Greece.

Sat, 06/20/2015 - 12:13 | 6217367 bid the soldier...
bid the soldiers shoot's picture

Yeah.  I don't see Greece shooting down any passenger planes to make Obama feel good.

Fri, 06/19/2015 - 16:47 | 6215291 Meremortal
Meremortal's picture

Greece produces less than 4/1000ths of the world's GDP.

Pfffht.

 

 

Fri, 06/19/2015 - 18:01 | 6215568 Sanity Bear
Sanity Bear's picture

Now multiply that by the leverage in the derivatives market

Sat, 06/20/2015 - 06:44 | 6216927 Farmer Joe in B...
Farmer Joe in Brooklyn's picture

I also hear the "their GDP is only the equivalent of Connecticut" line...

See what happens if CT defaults on their debt. I can promise a shitstorm of epic scope and scale.

Most people fail to realize both how interconnected the financial markets have become around the world and the potentially destabilizing effect of massive leverage and derivatives.

Tick tock...tick tock...

Fri, 06/19/2015 - 16:49 | 6215297 EemieMeanieMinieMoe
EemieMeanieMinieMoe's picture

The gods of the copy-book heading step up to explain it once more.... https://www.youtube.com/watch?v=Zvl9N9GdraQ

Fri, 06/19/2015 - 16:49 | 6215298 robertocarlos
robertocarlos's picture

But you can support 10 Ukrainians for the same cost as one Greek.

Fri, 06/19/2015 - 16:51 | 6215303 miki
miki's picture

imf is racing to start ww3

Fri, 06/19/2015 - 16:57 | 6215317 farflungstar
farflungstar's picture

Dumbfuckisgrad is worthy and Greece is not, says Soros.

Fri, 06/19/2015 - 17:24 | 6215415 AbbeBrel
AbbeBrel's picture

Ambrose(ZhD) tells it like it is, in a rather remarkable column:

http://www.telegraph.co.uk/finance/economics/11687229/Greek-debt-crisis-...

A tease - and something that explains why the Irish parliament was so dumb as to take on Irish Drunken Bankster debt - answer - they were allegedly strongarmed by the ECB:

'This is not the first time that the ECB has strayed far from its mandate. It forced the Irish state to make good the claims of junior bondholders of Anglo-Irish Bank, saddling Irish taxpayers with extra debt equal to 20pc of GDP.
This was done purely in order to save the European banking system at a time when the ECB was refusing to do the job itself, betraying the primary task of a central bank to act as a lender of last resort.'

Read the whole thing, and then check out the Klephts - my new word of the day, courtesy of Ambrose - to get a backgrounder on the historic context for Greek intransigence:

https://en.wikipedia.org/wiki/Klepht

Fri, 06/19/2015 - 17:29 | 6215438 Bemused Observer
Bemused Observer's picture

Ummm, the IMF is not humiliating Greece, they are just making themselves look like hypocritical assholes.
It's no reflection on Greece at all.
Nice try though.

Fri, 06/19/2015 - 17:33 | 6215452 Kirk2NCC1701
Kirk2NCC1701's picture

I'd like to see Merkel and Lagarde mud-wrestle. Loser gets fisted by winner.  PPV.

It'd be fitting.  Don't know if Merkel would enjoy more being the winner or loser.

 

p.s. Sorry for the vulgar imagery, I had to almost puke myself.  But given what they really do to people, reality if far more vulgar.

Fri, 06/19/2015 - 17:37 | 6215466 Tarshatha
Tarshatha's picture

Ukraine gave up it's gold, Greece hasn't, and they will continue to have non-favoured status until they do.

Fri, 06/19/2015 - 17:53 | 6215536 Sanity Bear
Sanity Bear's picture

Greece could solve this problem at the cost of a handful of skilled hitmen.

Fri, 06/19/2015 - 17:54 | 6215541 chisler
chisler's picture

Lagarde isnt a whore, she would have to pay me.

Sat, 06/20/2015 - 16:46 | 6217892 Alvin Fernald
Alvin Fernald's picture

That makes you the whore.

Fri, 06/19/2015 - 18:08 | 6215587 Klemens
Klemens's picture
Tracing the Occult Masonic/Pharisaic Origin of EU through EU-founding Father Count Coudenhove Kalergi

http://new.euro-med.dk/20150619-tracing-the-occult-masonicpharisaic-orig...

Fri, 06/19/2015 - 18:15 | 6215611 Anunnaki
Anunnaki's picture

Maybe Greece should swap Leftists for Neo Nazis

Fri, 06/19/2015 - 18:18 | 6215621 BoPeople
BoPeople's picture

More's the pity for the Ukraine.

The devil always collects his souls.

Fri, 06/19/2015 - 20:33 | 6216026 bid the soldier...
bid the soldiers shoot's picture

Well, look who benfits from this

Kiev to make $75mln Russian debt payment on June 22 — Ukraine's finance minister Ukraine will continue servicing debts, Natalie Jaresko said

 

Ukraine's Finance Minister Natalie Jaresko

©

 


© Mikhail Klimentyev/TASS

 

KIEV, June 19. /TASS/. Ukraine's Finance Minister Natalie Jaresko confirmed on Friday that Kiev was ready to repay $75 million of $3 billion debt to Russia next week.

"Ukraine will continue servicing debts. A Eurobond payment will be made on June 22," the minister said.

Kiev is working on this loan on "equal conditions," she added. "Two days ago we paid $39 million on other Eurobonds and we will pay [on June 22]," the minister said.

 

http://tass.ru/en/economy/802395

 

 

 

Fri, 06/19/2015 - 21:45 | 6216219 KuriousKat
KuriousKat's picture

Tha sounds ike a lot less than a dime on the dollar.

75000000/3000000000000 =.0025 percent wtf they will never get their money back. Pitchin pennies was better than this.

Fri, 06/19/2015 - 22:37 | 6216368 bid the soldier...
bid the soldiers shoot's picture

Yikes!  Dunno.

Is that $75 mil one of 4 annual payments in which case Roosia is geting $300 mil a year?  10% of the loan.

Is it just interest or interest and principal or just principal?

DUNNO.

EDIT

could you check the number of zeros you have for the Ukrainian debt.  They seem overly plentiful.

Sat, 06/20/2015 - 03:20 | 6216833 KuriousKat
KuriousKat's picture

75 million is 75 with 6 zeros and 3 billion is 3 with 12 zeros leaving 25 x 10^-6 ...the imf is offering putin shit because its loans trump the creditors..saying to Russia take it or leave it....IMF are bald faced crooks.

Sat, 06/20/2015 - 03:24 | 6216836 KuriousKat
KuriousKat's picture

75 million is 75 with 6 zeros and 3 billion is 3 with 12 zeros leaving 25 x 10^-6 ...the imf is offering putin shit because its loans trump the creditors..saying to Russia take it or leave it....IMF are bald faced crooks. I would send an EMP burst  and finish baking the rest of Nulands cookies in Kiev.

Sat, 06/20/2015 - 04:29 | 6216868 bid the soldier...
bid the soldiers shoot's picture

We're on the same page with the zeros AND the EMP burst

Today poor Putin was reduced to a combination of Rodney Dangerfield and Aretha Franklin, pleading for respect from American nigga bullshiters and English public school pedopheliacs, who dream of the bygone days when they toasted each other's fannies with their tubular bed warmers.

Now practically bragging about it on the floor of Parliament.  

The Tories should all be castrated and Cameron should be made to eat a pie made from the pee pees and nut bags of his party.

Sat, 06/20/2015 - 11:12 | 6217248 Rock On Roger
Rock On Roger's picture

Nope, you're still wrong with the zeros.

 

Count again. Or change the prefix on the illion.

Fri, 06/19/2015 - 20:49 | 6216070 KuriousKat
KuriousKat's picture

NATO can't move on Ukraine freely unless Greece is out and it certainly looks like the heat is on. Russia is biding for time and needs Greece in more than out. Netherlands is pulling its several billions in investments out MH370 conspiracies or not. They were always smart cookies.  I noted another article on ZH mentioning protests in Greece..nothing unsual but look for those English placards popping up like the Arab Spring for our benefit .  I see a total absence so far of how the military and police are weighing on this, and I have no doubt they nor the Greek shipping tycoons want an end to the IMF breastfeeding Its easy to create situations requiring martial law and or outside intervention on humanitarian  grounds.

Fri, 06/19/2015 - 21:09 | 6216099 Brazen Heist
Brazen Heist's picture

If GReece defaults to the IMF, who cares about the IMF? The IMF are about as good as their forecasts.

Good, let the IMF keep throwing money into the hole that is Ukraine. Its their bastard child, and the US government seems quite content to throw good money after bad. Just look at the Iraq War tab, the bailouts and the situation in Ukraine. Money being thrown into a hole while inequality widens. Injustice is festering everywhere....it will soon boil over, and those 1% motherfuckers better go into hiding. 

Fri, 06/19/2015 - 21:51 | 6216199 Sauerkraut-Opinion
Sauerkraut-Opinion's picture

Citation: "...the mostly US-taxpayer funded IMF..."


- US is funding 17,69%,

- The 8 biggest EU-states are already funding ca. 25,5%, Swiss included ca. 27%

Fri, 06/19/2015 - 21:45 | 6216224 anachronism
anachronism's picture

IMF is just another piece of the Anglo-Zionist-Globalist empire. There is nothing to be surprised about.

The pressure on Greece has only intensified since it has inferred that it might seek fealty to Russia for the sake of its survival. Besides Greece, Macedonia, Serbia and Hungary are feeling the heat because they see the advantage of servicing a pipeline of Russian gas into Europe. Meanwhile, Turkey is being bribed to sabotage the Turkish stream and is being warned of consequences (color revolution) if it continues to go along with it.

A-h-h, it is tough for LaGarde: trying to keep that "black hat" underneath that "white hat". 

Fri, 06/19/2015 - 22:36 | 6216375 talisman
talisman's picture

35 Jun. 12, 2015--AFP: Ukraine says it may freeze debt payments to fund war

Ukraine's premier warned Friday that Kyiv would freeze its debt repayments if no immediate deal was found with private lenders because it had to fund its escalating campaign against pro-Russian fighters.

Prime Minister Arseniy Yatsenyuk said on his return from a crunch visit to Washington that the International Monetary Fund had given his embattled government a few weeks' reprieve to enact laws needed for the release of new loans.

But the Western-backed cabinet leader said the Fund has signaled its readiness to let Ukraine restructure debts at its own pace -- and that interest payments to Western commercial lenders and Russia may stop as early as next week.

http://uatoday.tv/politics/afp-ukraine-says-it-may-freeze-debt-payments-to-fund-war-438048.html

Fri, 06/19/2015 - 23:21 | 6216494 hedgiex
hedgiex's picture

Banksters have more debts (including the derivatives book) owing from Greece than Ukraine.

Sat, 06/20/2015 - 00:24 | 6216611 Radical Marijuana
Radical Marijuana's picture

It is nice to read the relative sanity of Zero Hedge articles and the preponderance of comments and votes, after I have read some of the mass media material, which I regularly do, out of some sense of obligation to try to understand what is really happening. In those mass media, it is extremely disturbing to watch the criminally insane liars speaking and acting on behalf of NATO countries attempting to provoke a real fight with Russia!

Sat, 06/20/2015 - 02:05 | 6216765 Counterpunch
Counterpunch's picture

How many Jewish oligarchs and government officials are there in Greece?

Now, how many in Ukraine?

 

The Anglo-Zionist drive to conquer Russia,

also involves continuing to channel tax dollars

to the usual suspects.

 

The Vineyard of the Saker: AngloZionist: Short primer for the ...

 

Sat, 06/20/2015 - 02:43 | 6216815 Paracelsus
Paracelsus's picture

I never quite thought that Greece could fund the Olympics construction without dodgey bookkeeping practices.(I think the Goldman Sachs fellows helped out here!).

A better question is why they need several squadrons of f-16's and German-built diesel subs .This is a huge expenditure for a European banana republic.Do they have to throw a bone to the military in order to keep the Tanks off the Acropolis? It would pay for a bunch of drugs for the aged pensioners,but I suppose they need to anchor NATO's southern flank.I think someone once said" you can do almost anything with a bayonet except sit on one".

The military is for suppression of internal dissent,for when things get hairy.....

Sat, 06/20/2015 - 05:18 | 6216888 Dre4dwolf
Dre4dwolf's picture

They just stole trillions of dollars worth of gold out of Ukraine . . . O/C they gona rebuild it into a nice little colony/serf-state.

Sat, 06/20/2015 - 05:47 | 6216903 AChinese
AChinese's picture

Use everything to drag EU to hell. Greece's job is finished, Ukrain's is just started.

Sat, 06/20/2015 - 06:40 | 6216925 NoWayJose
NoWayJose's picture

The real issue with Greece is for the IMF to make sure that Tsipras fails. The big fear is that someone who stands up to the banksters actually succeeds in getting debt relief. Horrors! Contagion! If the troika brings down Tsipras and gets a new easier to control government, then you might see more flexibility (but not debt write down) by the troika. I am convinced that this is the goal, especially with current Greek debt running at 25% and being gobbled up by banksters. Thus the plan is to buy this debt cheap, topple Tsipras, negotiate a couple bailouts with Greece, and sell the cheap debt you just bought.

Sat, 06/20/2015 - 08:39 | 6217054 BoPeople
BoPeople's picture

All with money created out of thin air ... how? Because the people believe they have a monopoly on foo foo money.

Sat, 06/20/2015 - 10:42 | 6217214 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

Brass and lead make the final call on where and how the money is spent....

That is not the banker's call since they don't have the guns.

If the banker's don't allocate according to those wishes then the brass and lead turns on them next.

Sat, 06/20/2015 - 15:07 | 6217702 Phillyguy
Phillyguy's picture

The EU economy is plagued by continuing stagnation/decline, increasing deficits, high unemployment and austerity; problems further exacerbated by continuing Russian sanctions. Greece is only the beginning. Expect similar problems to arise in Italy, Spain, Portugal and France.

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