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Meanwhile, Greece Is Quietly Printing Billions Of Euros
Earlier today we showed why Greece is now literally living on borrowed time. The combined €2.9 billion in ELA cap increases ‘generously’ bestowed upon the flailing Greek banking sector by the ECB last week looks to have been barely enough to keep things from “ending very differently” (to quote Kathimerini) at the ATMs on Friday.
But perhaps more importantly from a big picture perspective, Greece may have already breached the upper limit of its borrowing base. JPM calculates Greek banks’ eligible collateral at €121 billion (€38 billion in EFSF bonds €8 billion in government securities, and €75 billion in “credit claims”). With Friday’s ELA increase, the country’s total borrowings (that’s OMO plus ELA) amount to some €125 bilion. Why would the ECB allow this? Because it knows the breach will be promptly limited or reversed on Monday, or there will be a deal.
So, it is literally “deal or no deal” time, because if JPM is correct and eligible collateral was either exhausted two weeks ago or, in the best case scenario, is right at the limit, capital controls will need to be put in place as early as Tuesday at which point the ATMs will officially stop dispensing freshly-minted euros which, incidentally, brings up an important point. As Barclays notes, during the same period over which Greek banks lost nearly €30 billion in deposits, banknotes in circulation jumped by some €13 billion. In short, because Greeks are increasingly prone to stuffing their euros in mattresses, a large proportion of the deposit flight has come in the form of hard currency withdrawals, meaning the Bank of Greece is forced to (literally) print billions in physical banknotes:
A large part of the deposit outflows is in the form of banknotes, whose usage has increased significantly since the end of last year (+44%). Indeed, out of a deposit outflow of €29bn (from the end of November 2014 to the end of April 2015), banknotes in circulation in Greece have increased by €13bn.
But hard currency printed in excess of NCB quotas (set by the ECB) represents a liability to the rest of Eurosystem and so must be added to Greece’s negative TARGET2 balance to determine the EMU’s total exposure to Greece:
The amount of banknotes in excess of the quota for Greece (about €27bn) represents a liability of the Central Bank of Greece to the Eurosystem in addition to the net liabilities related to transactions with the other Central Banks in the Eurosystem (Target 2 liabilities). As of the end of April, net liabilities related to the allocation of euro banknotes were €16.2bn and the Target 2 balance was negative by about €99bn. Therefore, the total exposure of the Eurosystem to Greece was around €115bn. This corresponds to the amount of borrowing of Eurosystem liquidity (OMOs + ELA), as shown in Figure 4. Taking the increase in the ELA ceiling as an indication of the deposit outflows/usage of banknotes and the increase in Eurosystem funding, such exposure might have increased to about €125bn currently, we calculate.
Of course, given Germany’s massive TARGET2 credit with the ECB, a liability to the Eurosystem is, for all intents and purposes, a liability to Germany:
So we can add the quiet printing of some €13 billion in banknotes to the list of reasons why German FinMin Wolfgang Schaeuble, a growing number of German MPs, and, increasingly, the German people have run completely out of patience with Athens.
As for all the Athenians who have recently tapped the ATMs, check your euros. If the serial number starts with a "Y" that means it was printed by the Bank of Greece and you should probably hang on to it because you might soon be able to sell it at a premium to a museum.
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You mean Draghi has "gone greek" to do "whatever it takes?"
Throw those pathetic Greek deadbeats out of Europe already.
As for all the Athenians who have recently tapped the ATMs, check your euros. If the serial number starts with a "Y" that means it was printed by the Bank of Greece and you should probably hang on to it because you might soon be able to sell it at a premium to a museum.
All joking aside the opposite is true. Those holding Y Euros both in Greece and elsewhere should dump them immediately for non-Y Euros or other assets as those notes could be made null and void if the printing continues without the blessing of the ECB.
Very important check serial number on physical note of Euro. If serial number is start "R", then is print in Russia by Boris' cousin Ivan. Control P (Command P for user of Apple Macintosh computer) all way baby! Power is to people*!
(* with access to high end printing press)
And the show, I mean fraud, must go on!!
War with Greece in 3...,2....,1.... ????
Outright war on Greece is interesting proposition...
Can Europe roll in tank and bomber to and confiscate collateral of Greek citizenry? Storm Euro printing facility? If European community cannot even control own border or send troop to subdue ISIS terrorist in Middle East, are you to think there is sufficient political will for invade Greece, long time ally and bread basket of democracy!? If "Blood for Oil" is bad taste, just imagine "Blood for Money"!
No, Greece is win this round, but you are count that never again anyone is purchase Greek bond.
And NATO would have to come to Greece's defense and attack NATO
I don't think so. They'll just pull their latest trick and call it a bombing of ISIS. Syria is under attack at the present time by US and "coalition" forces and that is what the MSM is using to keep it under the radar of the rest of the world. Not that the fucking dolts residing here in the US would care either way. Most of them apparently think a pre-emptive nuclear attack on Russia is a good idea.
Well this should be simple for others who use euro fiat.
How to tell where a euro note comes from:http://www.thisismoney.co.uk/money/news/article-2145882/How-tell-euro-note-comes--German-doesnt-beat-Greek.html
Don't accept euro currency that starts with a Y
Code Table:
Where do your euros come from?Belgium Z
Germany X
Estonia D
Ireland T
Greece Y
Spain V
France U
Italy S
Cyprus G
Luxembourg 1
Malta F
Netherlands P
Austria N
Portugal M
Slovenia H
Slovakia E
Finland L
What prefix does the CIA use?
Here, someone send this to greece.... >>> https://plus.google.com/+GaleInnes/posts/YZZHT8n7wAy
What prefix does the CIA use?
Any or all of the above they fucking want too!
They just make the printing machines.
"I'll take TheRapist for 2000 Alex."
FU is the CIA prefix! Nuland told me.
Can you buy gold over the weekend with a euro note with a Y serial number? If not, you are holding a voucher to exchange for drachma, probs sooner that you think.
Troika Kan Kicking Konumdrum:
Never identify which "Monday".
I think it is "quaint" that we are discussing the relative value of pieces of paper due to whether they have X, Y or Z printed on the face of them. Let's all gather around and pick some more fly shit out of the pepper shaker.
Hey bro, just sayin'...
It's there and that's what those fuckers made it out to be...not my problem. So don't shoot the messenger.
If their euro was "one for all and all for one" then why did those fuckers designate one currency with different country codes, right???
I was just trying to show everyone what and how they did that shit.
Don't freak out. Chubs was just pointing out the sheer idiocy of the situation. Starting Monday, turds that hit the ground and make a round shape will continue to be money. However, turds that hit the ground and are more oval shaped will no longer be trade-able for ouzo. That is all. Everything is completely under control.
LMAO! It IS ridiculous.
well, a carson city (CC) morgan dollar is worth more than a Denver (D)...
(Mint marks matter)
First Euros are created by the Trillions.
NEXT YOU ARE NOT A KNOWLEDGABLE COIN COLLECTOR.
From
http://silver-dollar-finder.com/SilverDollarFinder-MintMarks.htm
Although opened as an assay office in 1863, the [Denver] mint did not produce silver coins until 1906. Production of silver dollar coins had stopped in 1904, however, so no Morgan dollars were struck at Denver until the Morgan series resumed briefly for 1921.
The 'D' Mintmark on a Morgan is rarer than that of any "CC" Carson City Mintmark if you are valuing Coins by Mintmark.
So STOP your damned TROLLING!!!
" However, as the code indicates the printer, rather than the issuing NCB, certain letters have been reassigned from NCBs which do not maintain their own printing facilities."
The list given in the comment and linked article is for first series and does not included the more recent 2nd series ( note the omission of Slovenia and inclusion of the second,private company), printer in France and also two UK printers) . Yet as stated, the code denotes the origin of the print not the issuing National Central Bank.
Source - https://en.wikipedia.org/wiki/Euro_banknotes
Don't accept euro currency that starts with a Y
Who is going to remember that Euros with a Y are no good?
There is a much better solution...
Don't accept the Euro Currency...PERIOD.
In that way you will not be burned...at all.
It would not be that difficult to change a "Y" to an "X" on the printing plate.
Who uses the X again? :-O
I call BS....that is only what MSM reports. All the Americans I work with know they are being lied to.
I think Greece would be better off printing some of those US "Gold" bonds--the kind (maybe) traded among central banks, the ones with 9 or 10 zeros and a dozen (intentional) misspellings. Better war toy than trainloads of Euros. Besides, China might make an offer on them.
Evidence: Several events such as this one:
http://sgtreport.com/2012/02/worldwide-media-trumpets-the-6-trillion-in-...
'Y' ..... because we like you!
Oh no, Boris, no Greek bonds purchase would be like cutting up my spendthrift wife's credit cards. That would be a godsend to the people.
Maybe if Greece declares war on Cyprus, they could both get big loans from Rothschild? High Tech weapons from Argentina? CIA counterfeiters to print "moon" bonds with really big value?
didn't the Troika force Spain and Italy(Portugal) to buy Greek bonds?
More Austerity for you if you don't buy dees bonds
No need. Most rich Greeks keep their wealth outside of Greece in EU banks and in real estate. The EU can simply confiscate all assets of Greek citizens held outside of Greece after Grexit.
How to determine "Greek citizen" when so many Greeks have dual nationality? Melbourne may still be the second Greek city.
They don't do the tank-and-bomber thing anymore but you'd be amazed at the sorts of accidents that just seem to happen
hahaha! ... glad you're back Boris, missed your humor ... but there's always another round of suckers. They told people to buy GGBs, post 2010 ... and they DID! hahaha! ... no? ... make no mistake, they'll sell a virtul universe full of GGBs to the next generation of fools ... and every one of them will sincerely believe these are a fukin great investment too! :D
Europe's preferred tool is the mob, aka Syriza, Europe's plan is to use the mob to keep looting, no matter what, never cut spending, keep extending credit till there's nothing left to steal then bring in millions more Muslims and Africans and Jack up rents and water and food and electricity prices.
Been done before 800 years ago, same tribe, same strategy, same PR.
Since it only costs Greece a few cents to print the bills while they get full value for them when they ae issued, isn't Greece making billions on the seigniorage?
The Zero Hedge vocabulary building word of the day is seigniorage.
Tomorrow, new word of day is what wife (in translation) is frequent to tell Boris, actyerage.
(Boris is love clever English word play!)
I had to look that one up. :)
You win and I bow my head in shame... Guess that post Tyler did about things kids did when they are young was too much for me!
Me too.
Great to have Boris back.
Need to jumpstart BS (Boris Subsidiary) Copper Mining endeavor in USSA.
Blue Light special on wheelbarrows.
Duh. The serial numbers are not sequential. You cannot tell when a Greek euro note was printed. That last bit is an urban myth.
But I don't think anyone has really answered the 100 billion question. If the National bank of Greece is actually nationalized (which surprisingly enough is NOT right now) and repudiates all TARGET debt, then what?
Greece is not allowed to nationalize the central bank according to the EU treaties. If the Greeks try too, they are out of the EU. And they still owe the target 2 debt and have to pay.
When consider Greece and membership in European Union, only two word is come to Boris' mind:
Blood and Stone
Because is make Boris think of caclium deposit pass from bladder through Ureter and is extreme pain! This is why You're-a-peein' is so painful phrase.
Agree with you, there´s no place for the Greeks in the EU.
Ah, the smell of printing ink in the morning...
Janet would be proud.
Epic lolz! :D
Roll it up, smoke it, inhale, exhale, repeat! :D
Greek financer is prepare to fire up printing press. Why not!? What is now choice of IMF and ECB Troika, allow flow of "counterfiet" currency, or forgive/restructure greek debt. This round, Greek Citizen 1, Central Bankster 0.
so what's to stop them printing any letter at the start, me i'd print the whole bloody lot.
Oops, just seen your post below, great minds think alike or is it fools seldom differ :-)
Maybe fool is think alike while great mind is to differ...? At risk of self flaterization, Boris is commend to Mr. Tony you are great mind!
Duh. The serial numbers are not sequential. You cannot tell when a Greek euro note was printed.
What's stopping the ECB from redeeming Y Euros held outside Greec and then declaring all Y Euros null and void? If the gist of this story is correct and Greece continues to print there would be few other choices. Duh, indeed
Big question is how long period is allow so not rob non-Grecian Euro saver time for redemption, but BIGGER question is how fast can Grecian Euro press change "Y" to other letter. Greece is win this round, and can even talk about it loud.
Silly Greeks should just print FRNs. They're as gold as gold.
Or better yet, just print gold!
Oh wait...
Boris is theory predict Greece is receive significant restructure of loan to avoid lure for monetization of debt and outright counterfeit action. EU, ECB, IMF is all capitulate at short term prospect. Long term, Euro is continue spiral of debasement because other peripheral EU State, like Portugal, Ireland, Spain, is watch and learn and eventually every debt is restructure, and profligate expansion of Euro dilution is eventually create hyper inflation (Wiemar Part Deux).
... but what is Boris know about International Economic study!?
A lot apparently.
Boris, "outright counterfeit action"...
"R" is Luxemberg; "X" means war;
Perhap "I", being not used?
The practical ramifications of that are so challenging that Greece would inevitably get a chance to extract a huge amount of seigniorage one way or another. Fake the letter. Remove the letter and claim that they are "damaged" and need replacement. Secretly trade notes of different letters with parties outside Greece.
Nothing happens to the TARGET debt, nobody will (or rather should) call that debt in because it will only impair the ECB. Greece pays the small interest on it and life goes on.
That's the 1034 euro question.
All Euros are equal but some are more equal than others.
DavidC
Billy - you're not good at recognizing sarcasm are you?
Neither are you.
The writer of the Original Post was employing SATIRE as it as not directed at anybody in particular.
Sarcasm is directed at a target and can employ the use of satire, exaggeration, or other elements of attack.
There is a difference.
Sounds like the EU has checkmate on Syriza, if they default, the ECB could wipe out a lot of hard cash, making a lot of poor people very angry.
Command "F" (find)
command "R" (Replace)
Replace all Y with R.
Print.
problem solved.
A bit strange this. I live in France and withdrew freshly printed euros from and atm yesterday and all had serial numbers starting with a Y.
I think we should throw you out of the airlock.
Offer Israel the Greeks's eat at the table. She deserves it a lot more than the Greeks ever have.
Throw the Greeks on the dustbin of history along with the Turks and the Arabs.
Keep Greece itself. Repossessed and repopulated with a better class of person who's learned from the former occupants' mistakes, it will be a beautiful country one day. The Chinese can't all head to Vancouver.
And when the suitors are all sitting around drunken and bloated Odysseus returns home. "Oh, my swineherd!"
I'd take a dead beat Greece over Israel any day of the millenium.
This Naill dude sounds like he's from the Lucky Charms branch of the Irish despora. Coincidently the same place HorseFace John Kerry-Kohn hails from. What a Surprise!
Oh, I suspect Niall is an Israeli Jew who once made some effort to appear to not be here to be a strong advocate for Israel.
He is not Irish, I don't think.
A Zionist in favor of ethnic cleansing and a penchant for constructing a racial hierarchy premised on his own cognitive biases?
Now, I have seen it all.
"Throw those pathetic Greek deadbeats out of Europe already."
Throw those repetitive, utterly predicatable, incredibly useless, needlessly bolded, uninformative comments out of ZeroHedge already.
Jesus Christ man, do you have a life outside of posting the exact same shit every fucking time you login?
I mean, what's the fucking point? Seriously.
The point is to
Throw those pathetic Greek deadbeats out of Europe already.
Seriously.
Would be better for Europe to grow some balls and throw out the deadbeat Yanks and their storm troopers.
@Wolferl - have you been a troll for all 4 + years?
Guaranteed: next time (if there is one) the EU will have a military capable of a repo on Crete, plain & simple.
The author says the Greeks are "literally printing Euros"; if true, Greece has the ability print away their debts like some other banana republics I've read about.
As such I don't see what the fuss is about; they should print a trillion Euros over the weekend, and happy days are here again!
Relax. The author has "literally" not much clue about the topic. Or he´s hiding his wisdom pretty well.
All joke is aside,* unauthroize printing, by CB or by individual, is undermine perceive value of currency. Since only value in negotiable instrument is perceive value, this is problem. If every time purchase is make, customer and merchant is must check serial number, imagine how quickly faith is erode... what is "real" Euro and what is "fake" Euro!? What is stop Greek or other rogue state from use different character at start of serial number!? Obviously nothing!
* Dear ECB/NSA, Boris is not really have cousin Ivan who is print Euro in basement sub level of abandon boot and shoe factory.
That´s why the ECB would have to introduce completely new Euro bank notes in case the Greeks leave the Euro.
Short answer is two word:
Commercial Clothes Washer and Machine Bolt
(okay is more like 5 word, but you are get to point:)
You are take fresh print of "old style" Euro note and put in commercial machine with loose machine bolt and 1 hour later you have worn Euro note, is look like every other worn Euro in circulation.
Long answer is:
European consumer and merchant is still must recognize old style Euro. Force change of currency in short period of time is rob European saver of value if not sufficient time to exchange Euro, and is simultaneous undermine entire currency system.
Detriment effect of counterfeit is not significant dilution, but is fundamental cast doubt on legitimacy of monetary regime. Can't have that now can you!?
... But what is Boris know about so many high finance topic!?
Actually you do not change the currency, but just the physical banknotes. And that has been done many times and is no problem at all. You just force the holders of old Euro banknotes to exchange into new Euro banknotes with the same face value. Since this is done via banks you can easily check every old note. And if you set up a grace period short enough people are forced to do it. Every day commerce will not be effected at all.
Mr. Wolf,
With much respect, you are to underestimate conversion of currency note by general public. This is under pretense that Greece is engage in unauthorize printing, no!? Then what is take longer, for Greece (who is also participate in currency exchange?) for changing printing press, or Euro holder to pull note from mattress, find "Y" note, take to bank and convert? This imust be public action and Greek finance ministerial is also aware of exchange program and can front run ECB. No, in end, everyone is eventually conclude restructure of Greek debt is only graceful short term solution. Greek may be deadbeat, but is ball of iron at negotiation table, is hold all card.
Russia try to put pipeline in Greece. Of course Russia think Greece to be sexy.
Boris Alatovkrap, please drop phony Russian accent. One can see you are speak good English, only pretend is mangling language.
Plus, you confuse poor Wolferl, who is a male transvestite prostitute that turns up to his... er... rendez-vous dressed up in a Nazi uniform, pearly pink lipstick and high heel shoes, whose clients call "big Bertha" and who is often beaten by his pimp because of his drinking habits.
Have a heart.
Untrue.
Boris is never yet in States, but is know I invite him standing offer to recline at my estate. Both is keen open urban copper mine my city.
Boris: Shouldn't you be somewhere else, trying to kill Moose and Squirrel?
boris is international treasure, please to don't fuck with him...
I thought that you had to float a bond now a days to print money.
Thanks 'goh spo DZIN' Boris, an education is always acceptable payment, but not in place of money.
I agree quit the phoney bad English, it's just annoying.
Nobody is forcing you to read it, asshole.
It is not all about you, what you want, and your annoyance.
Take your head out of your ass.
Merican English. YEEAH!
I think you're better off sticking with your one liner.
"You are take fresh print of "old style" Euro note and put in commercial machine with loose machine bolt and 1 hour later you have worn Euro note, is look like every other worn Euro in circulation."
--
So now I finally understand what they mean by "laundering" money. Thank you Mr. Boris!
It is true! Boris is read on internet, Chinese Triad is become rich and powerful by open many Dry Cleaner franchise. Of course, you are not become rich by clean other man's garment, but by control issuance of currency. This is Central Bank 101!
Speaking of which I have wriiten a lot about UPC/Enron et, al.. Here is the latest news as i have taken a vacation from writing,
GE invests $25m in SunEdison yieldco
http://www.windpowermonthly.com/article/1351722/ge-invests-25m-sunedison-yieldco
As part of the deal, GE will provide servicing support for the projects TerraForm owns. GE has refused to comment the size of the stake in TerraForm it now owns.
The group's renewables business CEO Anne McEntee said the investment would also help develop projects in Latin America, India, China and Europe.
The company said it was the first wind manufacturer to invest in the yieldco since it was floated on the Nasdaq stock market in 2014.
TerraForm has a portfolio capacity of 1.7GW worldwide, mostly in solar. In November, SunEdison agreed to acquire US developer First Wind. It's 1.3GW portfolio of wind projects was shared between SunEdison and the yieldco.
Last month, the Atlanitc Power Corporation also sold its 521MW wind portfolio to TerraForm for $350 million.
Acquisitions
Elsewhere, SunEdison has announced the 100% acquisition of Indian wind project developer Continuum and Central American renewables developer Globeleq Mesoamerica Energy (GME).
Continuum has a portfolio of over 1.4GW of projects in development, in construction or online in India.
Private equity firm Actis held a 70% stake in GME, with Mesoamerica Power holding the remaining share. Its portfolio includes four operating wind projects with a combined capacity of 243MW and has a further 80MW under construction and 246MW in development across Central America.
The US-based firm said it intends to offer the projects to TerraForm.
=============
From earlier this year...
SunEdison, TerraForm to Acquire First Wind for $2.4 Billion
http://www.bloomberg.com/news/articles/2014-11-17/sunedison-and-terraform-to-buy-first-wind-for-2-4-billion
-------
I used to write at this site and this is related:
http://dailybail.com/home/ge-dumps-offshore-wind-power-plans-after-colle...
Yup, that's because the n.u.c.l.e.a.r age is coming to an end in the next 15 years, uranium enrichment is no longer possible due ionized p-239 plumes in the atmosphere - EPIC changes are coming.
Except from Finnish nuclear physicist; (warning; google translate sucks)
"...From there, moved to how Miamak noticed. That job successfully. Japan defeated Pu-239 project gloves into the bar! Later, the US tried to continue the same New- Mexico area. The same is also found there, succeed Pu-239 dumped in any economy! Nuclear power equipment to explode on the wall. It was precisely when the processed product fork. What isotope ratios fall. This unpredictable fan will expand logarithmically. Other aid sharply more unstable. Then this Russian system was already "extreme state exported!" Then there was taken to already it is the most risky recycled MOX plutonium. Adoption of the waste to Russia. Since Russia holds the world's only still remained unexploded hyötö- reactor. Which in itself is true! All the world's more than 10 fission breeder reactor is exploding! Except that a very small Russian one reactor. Immensely costly / ineffective pilot plant. It is now such a thing to be understood. What Tsheljabins the sky really happened 1 year ago? After the Fukushima exploded in 2011. Its fission explosions hot reactor Pu-239 atoms / channel radiation cloud. When the reactor is vaporized into the air, hovering still in the ionosphere arbitrarily. It is down to drive chemtrail was drastically reduced. the reactor pieces of attempting to forcibly get down. These Pu-239 ions have a nasty ability to go to the upper atmospheric jet streams. First .. ++ ions of Pu-239 met such radioactive "hot spots". As Japan Miamaki, it isotope refinery on. Ions rotate at the core refinery formed by the ion cloud closed. Then comes the 100 km of high ion channel and it unravels Fairy-like flash of electrical ion channel flash when open. Changes the size of the radioactive isotope refinery Materials EMP beats per critical bomb. Enterprise fission bomb will explode in the air like this.- And as you guessed, I have these also authentic pictures. These are all taken off the nuclear power plant. Analyzed and completed. Here, too, the picture is very evident in the isotope proportions refinery / nuclear power plant. How to Pu-239 ion cloud appears and behaves. Here are a few Viewed from further away photographed. Shown plasma helix structures. What is relevant. Here is some more refined versions of the same image. And indeed this is what blew up the fission Chelyabinsk refinery. It was very looks like this ion blow. Himself Department of nuclear power is displayed at the bottom right. Ever more precise magnification, too. A nuclear power plant in the picture, too. - --- 25mins Well, this sounds like at least unimaginable! But this is precisely WAS SEEN happen Chelyabinsk the area! USA was also the same. When the stratospheric jet streams took the Japanese reactors ions. They met again there isotope refineries, reactors on top. And "Zap! 100 km Altitude came EMP shock and the same were destroyed! The critical mass was attained as fission. The enormous a large area exploded. Killing from the whole staff and the whole uranium waste facility burned to the inside. Now talking about the beginning of the nuclear waste storage fission return there as uncontrollably! This all were censored by the IAEA perfectly well. The only thing about this once again. Of these, the most recent Russia Chelyabinsk situation. The mechanism is shown. Were shown how to tens of kilometers the height of the upper atmosphere had a great big Plasma ion cloud. Which moved violently. Its THROUGH shot of such missiles automatically in an active fight against ballistic missile army.
My videos directly saw how the missiles going through the ball like this! Through the destroyed Pu-239 plasma gas! The phenomenon is therefore by no means been alleged fixed meteorite. But nuclear power formed by ion plasma ball, which can be shown. When the plasma ball were to explode tens of km height. The explosion destroyed a 500 km radius imagine destroyed numerous cities! Also all over the broken windows. Russian TV also seemed ruined buildings. Including had ceilings that collapsed in the explosion outwards, all kinds of such. Only Russia here also released images! - Well, something to reflect. If the reactor is full of fission energy. The reactor explosion power of 20 million times the amount of a chemical. This is the power difference for the two quantum chemistry versus physical fission. That is, split the quantum level 1 uranium atom produces 200000000eV. While the hydrogen / carbon bond. It releases only 11eV energy. This falls to only one zero out. There are 20 million times The difference. Normal reactor lasts throwing such a chemical explosions. When you take "Pretty much" the fission reactions! Although there is 200MeV / atom. But when the reactor fission bomb spin out of control. It comes on top 20000- times the power of an auxiliary peak. Normal over the reactor power. Imagine, now, as a chemical reactor for gas we just 3000kWh amount of energy. In normal operation of the Olkiluoto nuclear fission-1 reactor to produce energy 2500MWh hour.
Now you are starting to get out. This hydrogen gas flaring energy. What the reactor can accommodate. In the order Per mille of the level of power. What normally fissioivassa energy is released in the reactor! If the reactor is just full of hydrogen gas. So STILL power is only one per cent. Ever normal efficacy of the reactor. Now we get to find out. although any reactor should The chemical energy charging inside, nothing happens! Now we can already view that. Why Authority (STUK mentioned) 20000- fold increase in power over the efficacy of normal fission. Why ONLY SE is able to evaporate the fission explosion in size of the reactor and its contents with the wind .. This was going to say to you !. This is a little tricky mathematically calculate the quantities directly. But, however, they will be able to perceive. when to use a little bit of intelligence nodule. And thinking entities. But from here to you this drier math, too. - --- 30MIN That is, as shown in a nutshell. What is it actually happened. These are just amazing stuff! How it has been possible to keep the secret. Sure enough at the moment the situation. What France, Sweden, South Korea wants to hit your country nuclear industry dates back down. How does all of Germany, right down to Italy, all of the mass down to the ferry. Except, of course, Finland! This is done because currently nuclear power plants with reactors of this isotope is not enough refining capacity. Refining capacity was already initially low. But now it's just a short time of 3 large uranium refineries exploding down! Only the longer this Texas- Department still allegedly producing uranium fuel. This facility is used for something different system. It is advertised as laser isotope separation system. To prove that the original isotope separation systems, there is a problem, big problems. The system did not work properly. Due to our global background radiation is 10- fold. Fukushima ion clouds moving mass destruction. There is a need to change the whole technique quite new. And this is the United States laser production of "work"! It was found as early as 2007 CERN experiments. The access was supposed to be a laser over the exquisite shell structure the device was required to achieve 90% of the intake of secondary benefits. CERN autumn 2007 the pilot said intake 8 into. Someone 12% which was obtained uranium recovered from what was supposed to be. So, this also failed completely!
But when all the old knee isotope refineries are already EXPRESSLY ALL fission bomb exploded! I saw in Japan Miamaki video recordings of how the plant facilities had exploded, met all the air-conditioning ducts in white foam. There was a place in the stranger. But this now that the nuclear industry is now such a huge crisis. Whenever isotope refineries explode. Now all the uranium / plutonium becomes ion A plasma gas and evaporates into the upper atmosphere, Tshup! Rich in there. Accumulates to review and rain down over its nuclear plants. Systematically destroyed all the world's isotope refineries. ! And no one would dare to tell these absolutely nothing!"
Boris, can you translate this for me?
Boris is bit rusty Finnish, but to summarize article is say, "kaboom".
didn't know "kaboom" was russian for "bullshit"
What comes out when one imbibes too many nuclear-echo-chamber hobgoblin stories.
More here: This involves First Wind ( IVPC et.al.) guys who were previously were with Enron and the Trans-Caspain pipeline.
http://dailybail.com/home/john-kerry-comes-out-swinging-on-climate-chang...
I had to put this in the comments but the article is well worth the read...
Russia slams Trans Caspian Pipeline.http://www.voanews.com/content/russia-slams-eu-plan-for-trans-caspian-gas-pipeline-129734293/168490.html
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Here is First Wind CEO resume: (Note Trans Caspian Pipeline).
The First Wind Executive Team
Paul J. Gaynor
President,
Chief Executive Officer
Executive Summary
Paul J. Gaynor is responsible for the strategic direction and day-to-day management of First Wind projects in North America.
Career Highlights
Mr. Gaynor has more than 20 years of experience in the energy field, encompassing leadership and finance roles in the energy, power, and pipeline sectors. In addition, he has been engaged in several landmark energy and power financings across the globe.
Mr. Gaynor was formerly Chief Financial Officer of Noble Power Assets, LLC, a private equity-backed power acquisition company. Prior to that, he was the Senior Vice President and Chief Development Officer of Singapore Power Group (SP) and Chief Operating Officer of SP International (SPI).
Mr. Gaynor led a comprehensive restructuring of SP and oversaw project development and asset management at SPI. He joined SP as Senior Vice President and Chief Financial Officer, where he was responsible for all financial matters, including leading the initial public offering and introducing world-class finance practices into the organization.
From 1998 to 2000, Mr. Gaynor was the Senior Vice President and Chief Financial Officer of PSG International, a pipeline development company owned by GE Capital and Bechtel Enterprises. PSG developed, financed, built, owned, and operated gas, oil, and water pipeline systems across the globe. Mr. Gaynor assisted in the establishment of the company and oversaw financial matters. He was also responsible for acquiring a 32.5% interest in a natural gas system in Mexico and subsequently sat on the board of directors. In addition, he led the fundraising process for the $3 billion TransCaspian Gas Pipeline project in Central Asia.
Before PSG, Mr. Gaynor was Vice President and Manager of Asia Pacific operations for GE Capital’s Structured Finance Group (SFG). He was responsible for deal analysis, execution, and internal approvals, leading a team that evaluated over 20 power projects between 1994 and 1998. Mr. Gaynor also led the Group’s $400 million investment in Paiton Energy and Quezon Power, and he received internal approval for over $1 billion of projects. He also worked at GE Capital SFG in the U.S. before moving to Asia, and he sold power plants for GE Power Systems prior to attending business school.
http://www.maine.gov/doc/lupc/projects/windpower/firstwind/champlain_bowers/Development/Application/Exhibit_3.pdf
A bit about GE...
http://dailybail.com/home/fraud-and-folly-the-untold-story-of-general-electrics-shady.html
lol... counterfeit Euros... it may as well be your cousin Ivan making the damn things because FUCK THE EU lololol...
the economic hit men have really pulled one off this time...
Boris...
Because of the oncoming lack of Faith and Confidence IN ALL CURRENCY, Boris, you need to know where to mine the FREE SILVER.
Wait until your neighbor goes to work
Open his Utility Panel and throw the Main Circuit Breaker to the Off Position.
Remove the rest of the Circuit Breakers.
Crush them and find the Silver Contacts.
Cut the contacts from the Copper Pads and dissolve the Contacts in heated Nitric Acid.
Filter out the junk and keep the solution.
Afterwards melt the copper you have collected from those Circuit Breakers into a solid bar.
Add that solid bar into that filtered solution.
99% Silver cements to the Copper and drops out.
Remove what is left of the Copper Bar and filter.
Collect your free Silver.
Silver Mining is much better than Copper Mining.
(BTW...This is NOT SARCASM. IT IS SATIRE,)
AND WITH THE COLLAPSE IN FAITH AND CONFIDENCE IN ALL FIAT CURRENCIES YOU CAN BET THAT THIS WILL BE AN EVENTALITY AS THE PRICE OF SILVER SOARS...IN EUROPE AND ELSEWHERE. And this IS THE TRUTH.
Just how many Electrical Panels are left unattended all day long?
Yes. While Urban Copper Mining was popular while the price of copper soared, Urban Silver Mining is possible and will "solve" the Silver Shortage. (Back to SATIRE)
They are printing the other 90% of the money that is on the books. Banks lend out at 10:1 or much higher so if everyone wants money at the same time, the printing has to begin because those notes never existed. They are not creating new money supply by printing but rather fulfilling current orders for notes. The benevolent local central bank creates whatever we call money. If they could print Greek Euros just to solve their problems, the Greek EU note would not be honored in the EU. And if I put my crystal ball on high gear, I predict they won't be honored very soon without all of that. If you are Greek, find gold, businesses, hookers, property, etc... and transfer wealth there.
Europe is 100:1 not 10:1.
HTH.
One of the few people who actually understood the article. Still, expect counterfiters to go nuts in the few months, great time for them to try and make a fast buck.
What amazes me with all the nubulous money is why more fake loans are not made to the carribbean, bounced around Nigeria, and then just brought back into the system as "fresh deposits".
One of the few people who actually understood the article
Can you be more arrogant? The expression of arrogance as a result of unfounded assumptions, an example of TRANSFERENCE, just lets me know that you are a self important narcissist, Col. Klink.
Just how in the hell can you discern if others whom you have never met of spoke with understand this, or not?
TRANSFERENCE.
Be sure to print only on one side of the note to save the cost of ink.
Close. It means that the Greeks have "gone Draghi" to do whatever it takes.
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.earnmore9.com
Confetti...
yeah, hold on to those Y notes. You'll get a 1 for 1 deal on them for New Drachmas
Death to counterfeiters.
No loan approval needed to run that printer for few more days
ZH, please post all your correct calls that you made that were posted on the weekend for the last year.
Gold and Silver, well we already know the answer to that one.
I think you miss the point of ZH.
I disagree. ZH distracts, cherry pick articles, mostly the opposite happens. When you invest, ZH does nobody any favors. Maybe do the opposite and your chances of making money increase 10X fold.
I like reading ZH, not for the cherry picked articles but instead for the great comments.
Bighorn - why do you think people are investing based on what they read on ZH? Pretty much everybody knows to BTFD all the way to the moon using all the clown bucks in their possession. Take profits every few months to buy some real money in the form of physical or bitcoin and rest easy knowing you are better off than 99% of the population. Combine that with proper home preperations just in case things really get twisted, and one is set!
On Monday, the ECB will declare all Euro notes with that Y as the new Drachma....so any Greek withdrawing from an ATM thinking they have Real Euros is sadly mistaken.
YEuro notes....Euro notes....sounds the same...hmmm
Gyro notes!
Dammit, now I'm hungry for Greek food. I'll just wait til Monday and get a better deal.
"Gyro" being synonymous with "helicopter."
Only if you are willing to pronounce it phonetically.
Why Euros? or YEuros. Phonetics the weapon of choice of the propaganda matrix. That is how you quietly program double plus good meanings into things.
And on Tuesday, Greece will have an abundance of Notes, whose SN starts with an X.
Presumably because of a sudden influx of affluent and indulgent German tourists, spending like drunken Oktoberfest partiers.
Or an influx of clever Greeks who can draw a short, straight line with a Sharpie.
Ya mas!
And the cat's in the cradle and the silver spoon
Little boy blue and the man on the moon
When you coming home dad, I don't know when,
But we'll get together then
You know we'll have a good time then
Nullifying the Y notes is stupid in the face of so much non-cash currency. It would also be deflationary. I doubt it will happen.
If the Greek Central Bank that prints "Y" Euros is resourceful, they will add another leg to the "Y" and make it look like an "X" - that will make Merkel gag on that herring she is swallowing...
Exactly+ If they are using plates they can modify that Y and really give schnabamerkadrag heart attacks..
Hmmm... From the 24 euro bills in my wallet, 14 start with a 'y'. What's up?
You've been conned. Where are you?
The euro still uses low face values, if you are worried about the money costing more to produce just add zeros as necessary and you are all set.
I am half expecting the army to intervene at the behest of the previous government to "restore order".
Europe will tighten the noose around Greece to either make it submit or else strangle Greece as a lesson in revenge.
The only problem for Europe is whether it will be too busy trying to avoid a general panic in Europe and perhaps the world.
That has been the goto move in the past.
Perhaps that possibility is why Greece has been spending so much on military hardware for the last decade or so. In preparation. To defend themselves. Surprisingly good forward planning.
Is there any reason that Greece simply can't start using a letter other than "y"?
That would really boil the stew... !!!
Instead of a random letter, I think a middle finger emoticon would work nicely.
Greece is printing billion of euros? SO WHAT THE FUCK IS THE PROBLEM WITH THE EU/ECB/IMF?!? EVERYBODY can print their own money then how in the fuck is there debt?! This is nothing but a crock of shit.
printed is debt currency
not money
"This is nothing but a crock of shit."
As is our entire monetary system now that crooks run the world.
Now? It was always the same.
Crises of confidence for Euro -even the Y Euro, affects the confidence in all of our little pieces of paper (or digits) that we exchange for goods- everywhere in the world.
If this goes down, lock in your shorts because the gankers are going to ride the wave the other direction-then they are going to buy/own EVERY FUCKING THING.
Has it occurred to you that they are simply converting their fiat on the books into paper cash?
Think of the Pros of that: Cash Economy. Hard to track an tax.
BTW, they'd better move their National Gold out of Athens, and to a BRICS country for safekeeping. That's to make sure that NATO doesn't make a snap decision to swoop in and take "its" Gold, under the pretext of protecting Greek National Security.
p.s. Beware of the CYA creating a Maidan II scenario. Better have Police and Special Forces on Standby, to nip in the bud any attempts at False Flag Chaos, using malleable students as the Useful Fools.
Excellent point Kirk, I can imagine a NATO security and stabilization force "helping" Greece. Pretty sure that Ukraine and Libyan gold has gone poof.
Finally!!! At least 1 central bank understands how you deal with a debt problem.
BTW, the rest of the EuroZone will lever up 100:1 on these new notes.
Let Greece print. The FED and ECB do it. Let em all print. Krugman would approve.
"Capt'n I'm printing as fast as I can but she can no' take anymore!"