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Why The IMF Will Reject The Latest Greek Proposal In Just Two Numbers
As we summarized earlier, the latest "final" Greek proposal is in trouble: it may very well not pass the Greek parliament due to mounting objections among all parties not least in Tsipras' own Syriza. But a Greek parliament vote on the decision may be moot: according to Bloomberg, Tsipras will fly to Brussels on Wednesday, where he will meet the heads of the Troika: Draghi, Juncker and, of course, Christine Lagarde.
It is the IMF's head that will tell Greece to go back to the drawing board.
Recall that as the WSJ reported, "the Washington-based IMF has said Greece’s economy is already too heavily taxed and that too many additional tax increases would hurt economic growth, making it harder to pay down Greece’s debt."
Also recall that as IMF's Olivier Blanchard explicitly demanded, Greece needs to cut spending, not hike taxes - which it has patently demonstrated it is incapable of collecting - and especially pensions: "Why insist on pensions? Pensions and wages account for about 75% of primary spending; the other 25% have already been cut to the bone. Pension expenditures account for over 16% of GDP, and transfers from the budget to the pension system are close to 10% of GDP. We believe a reduction of pension expenditures of 1% of GDP (out of 16%) is needed, and that it can be done while protecting the poorest pensioners."
So why will the IMF throw up all over the latest Greek proposal in just two numbers? Here is the answer, courtesy of Kathimerini:
The proposals contain 7.9 billion euros of measures, of which 7.3 are from increases to tax and social security contributions.
The IMF demands no tax hikes and pension cuts. Instead it will get almost exclusively tax hikes, amounting to 92% of the proposed measures, and just a few cuts, few of which actually impact Greek pensions. In short: the proposal is not only unsustainable, it is also unenforceable, something which the Germans - already facing a third Greek bailout - will be quick to point out.
Which is why tomorrow, after Tsipras is finished with the meeting with the Troika, he will have a new homework assignment: revise the "final final" proposal and come up with much less in tax hikes, much more in spending cuts: something which the already furious hard-line elements within Syriza will have a field day with.
Then again, we already knew all of that:
- IMF DISAGREES WITH GREECE ON CORPORATE TAX, VAT AND PENSIONS - EU SOURCES
And all this takes place just 7 days before the Greek payment to the IMF is officially due, at which point Greece may or may not be declared in default, but when the ECB will no longer be able to say Greece is compliant with the terms of its bailout program and will have no choice but to yank the ELA.
Full Greek proposal below (pdf link).
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Tsipras = Pivot Man
I am thinking he his Center Man in the Great EU Circle Jerk. And he likes it!
I am telling you, it is a distraction for Greece to get temporary access to the ELA. Default day has already been determined. Dog and pony show to the core.
Which Monday?
Place yer bets.
06/29
07/06
07/13
07/20
07/27?
The Greece Diaries.....
It's time to turn the page Tyler...
Enough Greek Drama already, thanks.
You do not have to read it, do you?
Are you paying the bills for Tyler?
Who are you to tell Tyler what is enough?
I cannot believe your arrogance.
YOU, as well as I, are GUESTS at this forum.
You are as free to come and go as you please, as well as I am.
At least I know where I stand and do not demand anything from my HOST.
Tyler does NOT OWE ME.
Does Tyler owe you anything?
Same here.
What they said would happen
https://youtu.be/Mw3jssYRz_A
A new study reports that when cash is handed out it makes someone happy. Oxitocyn is released when someone receieves money and it has a lasting jolt.
But let us ask ourselves - what is money? Is cash money? It sure doesn't invest well without a savings rate, so it burns up with inflation. This isn't a lasting thing.
So what does, and what money gives that jolt? Well I submit gold does. It is real, physically demanding, and pretty too.
:)
The Study - http://theweek.com/speedreads/562197/shopping-doesnt-make-happy-but-cash...
You guys make me laugh. Greece ain't going anywhere. Deals will be made. And the rich will get richer.
http://www.bloomberg.com/news/articles/2015-06-24/tsipras-says-creditors...
And this happened - just in time to change minds :)
*US 'spied on French presidents' - Wikileaks*
http://www.bbc.com/news/33248484
Tsipras's game is to expose the predatory nature of institutions.... What country in the world can grow by hiking taxes in the stratosphere?? Tsipras proposed outrageaous measures just to expose the institutions... IMF didnt buy into it... EU did...
So, either we in this together or we steal from each other together
The greek story remains relevant if not for the loan exposure then for following through on the ECB's promise after Cypress defaulted that EU Parl. would have the markets back. I believe their ECB agent's words were: 'whatever it takes'. Which is a fundamental underpinning of the entire Keynsian plot that markets have followed (with marginal success) since 2008.
What ZH posts argue is: "At what point is the backstop destroying the ecosystem?" And the answer, at this point, is that Greece is drowning out secular and company specific asset selection, as proven by your rant 1 tranch above Tall Tom.
If the greek tragedy (lower case g) were to resolve, then ZH has a second ed. to show that ECB 'fire walls' created to prevent a liquidity shortage are largely insufficent. After 5 years, this is finally being 'priced in' by mainstream investors/analysts and ZH deserves to ride this one down, until the Michael Lewis book. Or Becky Quick cover. Either or.
But I've got an axe on this one, so I'll refrain from speaking on how this Troika will end.
Tom I agree w/you, Tyler(s) do not owe me anything.
That said, I see only two options for Greece (and Portugal and Spain and Italy- and for that matter, Germany and the high and mighty US):
1) Repudiation
2) Subjugation
One choice leads to war. The other does, too. It'll just take longer to materialize.
My head hurts.
Bravo Tom. My sentiments exactly.
This is the only forum where I bother to regularly read and contribute. Thanks to the Tylers on the behalf of all the long time ZHers.
....you got a little brown something on your nose.
I only resent the increase of advertising which interrupts the flow of my reading.
Adblock +
Haven't seen a single ad since installed
Kinda miss the Ukranian Cuties tho ... Mature Russians wern't bad either. Do NOT miss the auto-start audio shit.
Don't read it then. I thought all of us here are smart enough to understand the free market and how it works. Not only did you 'read' the article, you also commented on it, thus increasing its popularity.
I actually am watching this Greece situation. What happens there could soon happen on our shores. I am watching how the banks, the governments and the people are reacting to the situation. The greeks are preparing for capital controls and begining to hoard cash. I also think it would be smart for Americans to take note and prepare themselves. After the first dominos fall, the later ones fall much quicker.
Get out of the banks! Keep a few months expenses in cash. I also think silver will become extremely valuable for trade in my lifetime (perhaps within the next decade). I make candles with silver coin prizes (www.etsy.com/shop/ScentSavers) and give them as gifts to my friends and family. They have led to great discussions with my cousins, aunts, and even my grandparents. Some have even started making regular trips to their coin store to exchange their FRNs for real money!
You're way early and way too serious for this time. Yeah, you know that this whole system is based on confidence, and that credit-money is a sham. Good for you!
Now consider, for a moment that you are a tiny minority of one, and that as long as your fellow travelers believe the con, it will continue.
Never mind Silver.
Never mind Gold.
What can you do that has actual value in a world that is very different than the one you currently inhabit?
etsy my ass!
@espirit - I see what you did there. No designation of year for any of the 5 dates. Clever.....
Not so
Those Mondays give a clue as to the year - suggest you consult a calendar.
Another Vapid Comment ...
2015 isn't the only year that those days fall on a Monday. Why don't YOU consult a calendar, moron.
espirt: "Which Monday?"
Monday, September 14, 2015. The day after the Shemitah year ends. A perfect set-up.
And I do believe there is a payment due on the previous Friday, setting up the fireworks perfectly for the actual Shemitah end and main Sunday night event.
Anyway, all pure conjecture, notwithstanding that the Shemitah years have resulted in some serious fireworks in the Fall time period.
No Monday.
these things always happen after market hours on Fri/Sat.
I think everyone is shooting from the hip.
http://www.reuters.com/article/2015/06/23/eurozone-greece-meeting-idUSA8...
Greek PM Tsipras to meet IMF, EU and ECB heads Wednesday
Show or No ? Pucker up.
Is Turkey still willing to join EU?
The EU joining Turkey is more likely.
Bukkake theater?
Too bad DoucheButtBoy isn't here to catch it...
Shhhhh.... Be still .....
The NWO has already won.
Quit fighting
You're already been assimilated
Take your soporifics and close your eyes
You won't feel anything
ASSIMILATE THIS!
It is nice choice, making more income $67 a hour from computer at home. My sisters friend has been earning 20k for a months and she works about 15 hour a working week. I make 10k last month, it is in real easy and meaningful , here you can checking... www.earnmore9.com
Is that $Dong or $Zimbabwe?
ULTIMATE WARRIOR
Only a fool would give his personal information to someone using a fake name on the internet.
I bet you haven't made a single penny from ads posted here using fake names.
Eff U
Greek banking collapse quickens in 20 hours.
Good to see our Nigerian friends are posting here...........
you can say that again
Bullshit. The IMF has been pressing for a VAT increase all along. Now they say that they are interested in pro-growth policies and that the Greek proposal relies too much on tax increases. Since when?
Wait a second. We were told by the Democrats in the US that economic activity picks up when you increase taxes. Is he IMF not "Progressive" or is it that the party line is not immutable but flows with the winds?
Grexshit: The NeverEnding Story
I'm over it, can we finally turn the channel and watch the next shit-show?
Nobody is twisting your arm to read about this or comment about this.
Perhaps someone else is paying you to do so on the other hand?
If that is the case then somene may be compelling you to do it...for compensation of course.
But they are still not twisting your arm. You can terminate your employ if that is the case.
I get junked for letting somene know that they are free, that they have Liberty, that they are not FORCED OR COMPELLED TO READ OR WRITE?
Well that is okay...They are certainly free to do that.
But isn't that what ZH is about? Freedom? Liberty?
I guess not. The Socialist Stateists trolls will quash the idea of Freedom and Liberty everytime that they have a chance.
It's about the butthurt.
I gave you an up arrow, even though you smeared as a "Socialist" on another article.
Relax. If people want to vent their frustration a little, that's also their liberty. This is not about socialist statists with agendas, it's about the ennui of regular people watching a drawn-out theatre. Today we yawn a bit, and tomorrow maybe we'll have renewed interest, but we're also free to make a few bored remarks.
Nope, no one's paying me to read about this or comment on the shit-show.
I'm just oh-so-tired of the world holding it's collective breath on Grex-shit, only to watch the can getting kicked over 'n over to infinity being propped up by the usuual suspects and thier bullshit n' bailing wire.
Until this thing breaks and normalacy is allowed to return to all markets, will I be satisfied... mo better when consequences are distributed to those that most deserve 'em.
My sister in law makes $7000 per month posting comments about the Greek exit. It is really easy. Here is how she does it www.greekbullshittocoverupgreaterbullshit.com
Easily shortened to www.fellatio.com
There are other websites available and other articles on this website available.
You do not have to read about Greece here if you do not want.
Do you pay the bills for running this website?
Tyler can post whatever he wants. If he posts things which I do not need or want to read then I go elsewhere...which I do at times.
This website is not published at the behest of you.
It is not a Pay Site.
It is not for your personal entertainment. Neuther is it for mine.
Your ENTITLEMENT MENTALITY stinks to high heaven. You are not entitled to anything here especially since you do not pay for it.
Tyler can publish what he damned well pleases. You have no right to demand anything different.
And because of the energy being spent protesting the publications, probably in order to quash this story, perhaps Tyler needs to publish MORE about this story.
It just tells me that there is something that you guys have an agenda and need the story buried.
try speak without your own tong stuck in your ass, it is more pleasent to ear.
ULTIMATE WARRIOR
Now that's just stupid. Two fake names on the same page.
Are her panties on or off?
I think the next shit-show its going to be Puerto Rico
Guy GOSH! I just love watching the Chorus march back and forth across the stage chanting its various criticisms and condemnations.
Two numbers?
Not enough people hungry?
Not enough people without healthcare?
The IMF Itself Is a Criminal OrganizationThe IMF’s official job sounds simple and attractive. It is supposedly there to ensure poor countries don’t fall into debt, and if they do, to lift them out with loans and economic expertise. It is presented as the poor world’s best friend and guardian. But beyond the rhetoric, the IMF was designed to be dominated by a handful of rich countries – and, more specifically, by their bankers and financial speculators. The IMF works in their interests, every step of the way.
The organization takes over poor countries, promising it has medicine that will cure them – and then pours poison down their throats. Whenever I travel across the poor parts of the world I see the scars from IMF ‘structural adjustments’ everywhere, from Peru to Ethiopia. Whole countries have collapsed after being IMF-ed up – most famously Argentina and Thailand in the 1990s.
http://themillenniumreport.com/2015/06/the-imf-itself-is-a-criminal-orga...
I wish you could explain to me how moar taxes and moar government and moar statism would make less people hungry.
“The IMF is a Criminal Organization”
Very perceptive remarks. May I re-inforce?
The IMF lends huge amounts of money to criminal and useless classes of various countries and then crushes the middle class, or what passes for such, with the heavy burden of paying such loans and by “pouring poison down their throats”.
We see the same in this country; it is a concerted and long-range operation to annihilate all opposition, world-wide, to rule by thieves.
I collected evidence of it from examinations of publications of the US government and Federal Reserve.
I recently examined a Financial Report of the US Government. I found, for example, that government accountants made 75-year projections as if the government would not pay interest on its debt instruments during that time.
And then there were street gangs and drug cartels, the government’s – and China’s – role in arming, protecting and forming alliances with such gangs and cartels… and a dozen or so other items. They all point to a conclusion that a vast operation is being perpetrated… I began this Part 2 (of my examination) with the question, ‘What financial shock do Judeo-Bolsheviks plan?’ (Part one and Part two) Do they plan to inflate the dollar to zero… push stocks to a PE ratio 300, then slam them to a ratio of single digits or even minus numbers… repudiate the federal debt… replace Federal Reserve bank notes with Treasury bank notes…?’ And, how do China’s ghost cities fit into this unprecedented operation?
“How much damage has to be done before people… start waking up?”
Only a very, very small fraction of Americans will ever wake up; others will die or kill rather than face truth. Americans are a conquered nation; not by ordinary warfare, but by a lethargy induced by medication, an ignorance molded by indoctrination, to name only a few degradations.
Can I just live in a cow-shit hut and have people leave me alone?
Yes.
As long as you pay your taxes.
Yurts in Mongolia might be the last free places on Earth.
somewhere in the amazon too.
That's one reason I am so angry about the Amazon being systematically burned by Brazil to provide itself a safety-valve for its overpopulation addiction.
Not the main reason, but one reason. The main reason is that I don't think humans have a right to wipe out lots of other species.
If you want a detailed explanation of how the IMF really works, read the book, The Shock Doctrine by Naomi Klein. It is a real eye opener.
http://www.amazon.com/Shock-Doctrine-Rise-Disaster-Capitalism/dp/0312427...
And I was led to believe that there was a "deal"???
LMAO.
But the Muppets bought it and Stocks soared as a result. See??? All is good and everything is always awesome.
My Name is Mr. Panos and this is a message from the Hellenic People around the World: FUCK YOU MALAKA!
That dude is halarius...
OXI! OXI! OXI! :-)
As I said in another comment, if syriza and the troika smack the moneyed greeks, it could turn them against the EZ. The IMF likely wants to keep the greek populace divided, with the wealthy and middle class (whatever remains) pro-EZ. If the greek people come together on anti-EZ sentiment, then they default and the IMF gets squat. The IMF must get its pound of flesh from the poors, not from the wealthy, or those in power, because those are the people that want to stay in.
back in the day, Bernank used to print up 7.3b fiatscos in the time it took to wipe his sorry ass
And they STILL won't let Bernanke touch the Arkenstone. Totally unfair! :-)
The wheels on the bus go round and round, round and round . . .
Until they don't bitchez!
This wheel hit a car:
https://ca.news.yahoo.com/blogs/daily-buzz/giant-sawblade-slices-mans-ca...
So we don't have a deal? Good, I am waiting in breathless anticipation for moar "news" about Greece.
IMF is doing a China pivot and away from the Euro and USD. They burn the Euro, the dollar then takes a derivatives dive, and everyone switches to a gold backed Yuan. Also, Germany will be switching teams as well.
Secret Weapon; China would have to use 'secret' math - How much gold does China have to be a 'gold backed Yuan'?
How much to spring for a few BRICS of Gold-backed Drachma?
Juncker inviting Tsirpas to high level talks in Brussels on Wednesday.
I think they will finally discuss GREXIT and what that will (confirmed) look like in great detail.
Greece can keep EUR for a transition period. ELA will be capped immediately. IMF and ECB hashing over the debt issue. Last tranche of 2nd bailout from EZ members goes straight into IMF and ECB to settle the outstanding payments there. No need for disbursement via Greek accounts.
Greece is out.
Sounds like a plan to me...
The art of laundering fresh-made money.
You expect commies to not raise taxes but to enact spending cuts and cut pensions? Hahahahahaha. Hilarious!
2 Numbers?
= Merkel and Lagarde?
No, Blunts.
Get your facts straight.
Strange the IMF actually making sense for once, but increasing tax on businesses makes no sense at all.
Wake me up when the "final, final, final, final, final, final" proposal has been drafted.
Wake me up when the Greeks finally defalt on all dept. I'm getting a little tired of watching reruns of "Economic Twilight Zone".
The IMF is not interested in wealthy tax evaders or people with large off shore bank accounts and money laundering operations. The IMF wants to cut money going to working people and retirees. Pensions/wages have already been cut in Greece. Workers, the unemployed and retirees in Italy, Spain, Portugal and France should pay close attention to what happens in Greece. They are next in line.
The IMF can't afford to lose 11 million captives.
Captives?
Those 11 million sleep 20 hours a day and are drunk for the other 4.
They’re squaters!!
They could probably teach us some about 'Exceptionalism'.
I junked you. They're not squatters yet. Nobody is foreclosing on them. Technically it is still their home.
I'm growing very weary of this Grrece talk.
Spectre:
It's like Groundhog Day, the same news every day.
Starting to get the impression they want a default. There is no possible way for greece to generate growth to pay back loans. The IMF is nuts.
The IMF wants Greece to default - it'll allow the US to place blame on the coming economic downturn abroad.
Christine looks less like an Oompa Loompa
https://www.google.ca/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-...
Must be staying out of the tanning bed.
I SAY: TAKE ALL THE MONEY LEFT IN THE BANKS AND BUY EUROMILLION LOTTERY TICKETS!!
Powerball, man. That's where the action is!
“Pensions and wages account for about 75% of primary spending; the other 25% have already been cut to the bone.”
Of course, by “pensions and wages” is meant those of government employees.
It’s the same problem we have, or will have, in the US.
For decades, the SSAdmin collected more taxes than were necessary for paying benefits; the surpluses were “invested” in non-marketable US Treasury securities. The total loaned to the UST now stands at $2.7-trillion.
And we’re told SS taxes are no longer sufficient to pay SS expenditures… that the SSAdmin will have to get extra cash from… somewhere.
Current options are to raise this needed cash by cutting benefits, raising taxes or more Treasury debt.
Funny… isn’t it? No one suggests RECOVERING the $2.7 trillion that was loaned to, or stolen by, the US Treasury.
Normally, when Congress votes to spend money on various projects, it is necessary to also vote a new tax to raise the needed money. The SSAdmin taxes bypassed this necessity, and allowed Congress and special interest groups to plunder the cash without a whimper from taxpayers… those living and, of course, those yet to be born.
Along with the options provided by professors, bureaucrats, politicians and special interest groups (those that stole the $2.7 trillion), I SUGGEST that a group of private citizens organize and investigate and collect the booty that was illegally spent and return it to those from whom it was stolen.
Why private citizens? Really, who would expect those guilty of theft would punish themselves for it?
Now, the question is, “How is it to be done?”
Pensions and wages account for about 75% of primary spending...therein lies the rub.
Who can justify a society that collectivizes that much taxpayer money for that purpose?
The pensions are a lovely idea from the pensioner's perspective, but completely unsustainable, as the working members of Greek society have shown their disdain for the program by refusing to pay taxes.
The pensions will have to be cut again. The only alternative is no pension at all if there is no deal and Greece exits the EU. Sad but true.
JMO, but Greece and the Greeks are a great manifestation of what Bastiate described in The Law. Legal plunder...
That is what happens when their is no "Treasure" in a so-called "Treasury"; like everything else that comes out of D.C.; you need to use the antithesis to get to the truth...For example, "The Dept. of the Treasury" is really "The Dept. of Debt". "Affordable Healthcare" is actually "Unaffordable Healthcare" and the "Patriot Act" is really the Treason Act" and on it goes..Cheers!!
you forget The Department of Pepetual War
Someone today in Greece said there are more employees for the Greek train system than there are people that ride it.....that my friends is a government nightmare....to many employees doing nothing but draining the coffers
In America we, call it Amtrak.
Laughing hard...thank you very much.
-----------------
Any more talk on the infrastructure bill...hope not..the false flag events always happen right before the debate is taken up. Another example was the NSA's hacking the Federal Employees before the Cyber-security debate took place. Now the taxpayer is being billed for all the employees and former employees to get 18 months of ID theft protection..CSID is the Texas Based company that got the contract. The problem is they give it to the individual employee; yet the data stolen would have included spouses and their children as well, which are not covered...a scam and it was not China. I digress.
In America we spend a dime to make a penny.
Not surprised at all, Greece's public sector needs carpet bombing,
but on the other hand the rest of the fellow europeans were very upset that the goverment parties "New Democracy" and "PASOK" that were rulling Greece for the last 40 years and were responsible for such monstrosities, lost the elections. They openly prefered the corrupted old guard as interlocutors than syriza party. We must also consider the highly corruptive role of european giant companies such as siemens in the Greek public sector and the harboring of wanted bail jumbers by Germany.
Greece want to save 1.05% of GDP by 2016?
I'll have a solution - cut the military expenditures of Greece by 1.05% from 2.5% to 1.45% of GDP
And Greece will still be one of the leading countries of military spendings in Europe (% of GDP). But no forget it .... that's toooo easy
If you study 20th century Greek history, you'll realize they need a bloated military to pay for the upcoming expensive military coup that will follow the collaspe of Greek society due to too much debt and not enough work.
The IMF already vetoed such a proposal because it is prohibited in its rules from requiring military cuts as part of a bailout programme.
With a warped enough sense of humor you could find that amusing.
That would be nice, but not every country is blessed with neighbors like switcherland, some have to deal with criminal troublemakers like Turkey that threatens constantly with casus beli for the last decades and the EU looks the other way.
Call the IMF EU suicide Hotline 800.548.5384. Let them know you will not undertake new country club fee increase to fix a broken fence.
So much for that !
IMF Chief Lagarde Said To Tell IMF Board She's Optimistic On Greece Deal -- BBG
The troika is with the government of EU and cannot allow the Greek to win because politically it will be bad for all other incumbent european government that will have election soon, as all opposition parties will campaign for anti-austeirty platform and kick the current government out. So greek will be sacrificed
Drive by Religion
Drive-by christianity has run its course, and is now on par with orthodox christianity, catholicism, islam, and all the other bait and swap religions that majorities have chosen to employ, to imprison themselves in the past. Maintaining the status quo is the majority’s focus, so you may as well set your own priorities, and learn for yourself.
Albert Einstein identified a small part in a very large circuit, and didn’t understand the connections. Archimedes identified many pieces and connections, far more than anyone else, in History, and yet there are far more pieces being made, to be identified yet. On this planet, humanity will never catch up to the intelligence of the planet, and the universe is a far bigger place.
From the perspective of the universe, humanity is artificial intelligence, coding AI to implement automation, making itself ever more redundant. If you listen, the corporate politicians simply employ language created by others, as an echo chamber, trying out words and repeating the ones that resonate, with the crowd, which wants to talk, do nothing, and be paid for the privilege, and to pretend to work, to assuage what passes for a conscience.
American ideology is bankrupt, like all other nation/states, and Donald has the most experience with bankruptcy, beating the banks at their own game, which says a lot about the US Constitution and nothing about labor. Capital and the middle class employ bankruptcy in an artificial war to draw you in, and arbitrarily assign debt to your children. The middle class says it is aiming at capital, its aspiration, and shoots you.
When your children come home to complain about their spouses, send them back. If your parents complain about your spouse, send them packing. Like the man said, “never marry an American,” the most ignorant collection of petty tyrannical landlords ever assembled. Consumption is 75% of the economy, so subsidize it some more, on the backs of aborted children, with accrual accounting and revolving immigration, brilliant.
In case you didn’t know, the majority of cheap labor is plowing in through visas, for free money, to drive the university complex on the margin, not from Mexico. Even the least skilled can find better places to go. Putin can take one step into Ukraine and incapacitate Europe, again, because America wants what every other nation/state wants, something for nothing, and that lasts only so long as slaves are multiplying to increase rent/wage at the abutment, always on a bridge to nowhere, in a city, always under construction.
Funny, the critters skip right by Genesis, and head straight to Revelations, where they go no further, missing God all together, always wanting to know the end before beginning, seeking external security for internal insecurity, which is why labor works for its children, rather than the moneychangers, and why the majority seeks them out, for extortion. Prepare your children by encouraging them to be themselves, at the required distance, to employ the gravity.
Arguing with a reflection in a mirror, created for the purpose, is a waste of time. Life is about how you educate yourself, not how well you know the empire. Having lived next door to hedge fund managers, they are the least of my concerns. Anyone can take advantage of stupid with a few lines of code. You have two feet for a purpose. Pivot.
Expect the majority to attack your marriage, because that is all they know – spiritual, intellectual and physical poverty, a false choice chasing its own tail. Wannabe landlords complaining about landlords, passive investment, is not an economy. Money, an accounting token, doesn’t work; only you can do that. That steering wheel at the Fed is just for show, to give capital something to do, manage busy work.
Let the majority think that you are an island, until it finds out otherwise for itself, when it’s far too late. Most of global trade is a waste of time, along with the infrastructure supporting it, a game all politicians play, manufacturing and distributing shoddy merchandise, with a premium for advertizing content, brand control, a game in which the one with the most toys wins, what they don’t know.
From the perspective of labor, there is no difference between any of the religions; capitalism, socialism or communism; feminism or chauvinism. They are all a means to an end, something for nothing, which doesn’t work, except as a counterweight. Politics and religion, representing themselves as science, scaring the ignorant, made ignorant for the purpose, is the cause of climate variability, and why finance is running the country, into the ground. You don’t need a degree from Wharton to bypass a bridge to nowhere.
Only the followers of American leadership are unaware of the magnitude of its incompetence, and they have no intention of waking up. Churchill had it wrong, and Churchill had it right. It is not American leadership, which is only incrementally more efficient at language than its replicas, that is restraining Putin. It is not America that will do the right thing, after America has tried everything else. Some gangs are legal and some aren’t, but in no case is their intention to work.
The critters mimic nature, with the intention of shorting it out, so they don’t have to think or do for themselves, calling the result intelligence, and sit around complaining about discomfort because walking is beneath their dignity, but they consider themselves an authority on how your children must be educated, the United States, a force for good, versus evil, like every other dictator, but with more scapegoats in more levels.
What more do you need to see?
Cliff's Notes..?
And did I miss something? What the fuck does all that rambling have to do with the topic of Greece?
Stupid is as stupid writes...referring not to you, but the one you responded to...Kevin-Ear-Rick
Let it go.
Be happy it keeps him busy and not rummaging through your garbage cans at night.
It's all Greek to me.
I've seen you post this now a number of times. Finally had a chance to actually read the document from start to finish. Not a waste of time as some would probably argue.
Do you have children? If so, how do you pour into them and mold them so that your wealth of wisdom is not lost when you die but instead lives on in your children? Furthermore, how do you equip your children properly so they can teach their children the wealth of your wisdom and keep the legacy going?
This baffles me. I don't think anything else really matters. As a man, you take a wife and as a couple you create life. Then you and your wife raise this young life and stick together through thick and thin and hope that your offspring comes out ahead despite all the challengens that life throws at you.
Very difficult to say the least. As guys we don't spend nearly enough time to be the best we can be in this quest. Instead so many guys wasting time on themselves without a proper game plan.
Continue sucking on Europe's teat in exchange for taxes that nobody will ever pay or collect? Sounds like a big win for Greece.
SDR hors d'oeuvres and sparkling donkey piss punch bowl.
....and the clocks were striking thirteen but there is no Grexit.
Let me put it this way.
No Greek is paying Vat Taxes.
There is no way the Greek govt can enforce any of its "taxes". . . its embeded in the culture to avoid taxation , Greece is not America where people rat eachother out to govt and if you dont pay taxes they come and take your shit, no Greek police officer will drag an elderly man out of his home because of passed due taxes . . . and no customer will rat out a hotel because by paying cash you get a discount . . .
All this "Vat" Tax will do is make it harder for Greeks to get medicine from abroad because it will be priced out of reach for the average Greek citizen . . .
This entire "deal" is not a "deal for Greece" its a Deal for Athens. . . this is about keeping Athens afloat at the expense of the rest of the country.
And let me translate that document (from Greek to Greek) reading between the lines so to speak.
That is the biggest pile of bullshit I have ever seen, the wording is vague, meaningless its "fluff" its Greek bullshit, Tsipras is lying through his teeth , perhaps just to get another check in the mail at which point he will not make the next payment, if Germany is dumb enough to fall for that . . . well thats on them.
I just want to share with you how disfunctional the Greek govt is. . . . my cousin in Greece is getting "tax bills" in the mail from 6 years ago for cars he doesn't even own.
The Greek govt has no idea whats going on, what they are doing, who owes what, and they cant enforce any of it they simply do not have the man-power or the organization or capability to track transactions to do so.
Collecting taxes in Greece is almost impossible, only the idiots are paying.
The status quo is that we're keeping Athens afloat at the expense of the rest of Europe...
Time to switch it up a bit, you know? Have their country pay for their infrastructure and the bloated layers of bureaucracy. They've got so many layers of fakelaki, it makes a mille-feuille cake blush!
Had to look up fakelaki- baksheesh just to the east of Greece.
Eye opening. Thanks for the ground level view.
Unlike living on an island (Cyprus) I'd expect a Greek landowner Exit strategy would involve expensive off-road vehicles, loaded up, speeding away north. To return occasionally to camp in one's home. Like in Japan where many homes are 'vacant' with missing homeowners owing property taxes and income taxes. Ghost towns.
Zion needs their Greek farm to pay, or "pay."
Liberty is a demand. Tyranny is submission.
Zion needs the pipeline route as well, the people, and goy, be damned.
Israel is probably mostly grateful right now she was never invited to join the EU or the euro, and still has control over her own money and own borders.
If Greece really was ruled by the Jews with an iron scepter, they wouldn't have let this happen. The Gentiles did this to themselves.
Anti-semitism is the oldest disinformation campaign the banksters and Bolsheviks have going. I'm amazed anyone with the sense to know better still falls for it.
Israel is just as tied to the debt financing scheme as any other country.
This is great for the average person with attention span less than that of a goldfish.
http://nukeprofessional.blogspot.com/2015/06/animated-gif-showing-fukush...
Yes.
I can see why you like it.
You must factor in that the radiation is only begining to enter the seas. There are no technologies that exist, or even on the drawing boards that can tackle the melted cores, thus the cores will radiate and decay and flow into the ground water, the sea and the water flushed over cores to maintain shut down. Over the next 50 years at least, the radiation will flow at this or even higher rates. I know the Pacific is big, I've sailed across it, but, currents can concentrate things like this and deliver concentrations of it at great distances. If it is no problem now, maybe in 2 decades of non stop core dispersal.
27 images that prove we are screwed.
http://www.hefty.co/truth-in-pictures/
Dear ZeroHedge,
Please discontinue articles on Greece and just send a "memo" when something actually happens.
Sincerely,
Crocodile
I feel your pain. The subject is almost played out. Imagine the Troika and Greece, those fuckers do this every day, over and over again. Ground Hog Day!
??? 10 000 ?? ??????: "???? ?????? ??????? ?????? ???????!"
10000 already on the streets: "our Government has sold the country to the Russians!"
http://zloy-odessit.livejournal.com/1325998.html
1,000 in Odessa? It has a large population of all ethnic groups. A broad based protest seems not yet to have broken out there. Get back to me ten times that many come out.
Besides, in what way has the Kiev government sold Odessa to the Russians?
Would you also like to be informed when the crowd grows larger than 10,000 in Armenia?
Tsipras will be suicided or commit suicide before this is all done. Sometimes getting what you hoped for (elected) isn't the best outcome in hindsight...I hope he knows the Lord.
Nail-gun...
High Noon tomorrow.
... in 8 hours.
https://www.youtube.com/watch?v=XX0RakvyZ1I
Can't wait to hear the knashing of teeth when the USA shows up there hat in hand, look only 340 Billion for our pensions and bonuses and we can get back to work and forget all about this unseemly conversation over just money......
" the Washington-based IMF"
Some people in Europe are wondering why a soverign European country can not do anything without the Washington DC dictatorship approving. Greece is being ruled by proxy from Washington DC and the Banks on Wall-Street and the City of London. Never in history have people been so caught in the web of empire. Greece is not a nation, not a democracy, not anything, but a few people deeply in debt to loan sharks who are about to pick it's bones clean.