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Why The Greek "Bailout" Failed... Explained With Cats
While we expained in great detail exactly what "good" the previous bailouts for Greece did for the Greek people, we thought the following gif was easier for many to digest.
How to explain in one gif, why the loans never helped the Greek people pic.twitter.com/IxBs0nHTM8
— ???????? (@alepouda) June 26, 2015
Please note these are cats: we have not stooped to abusing kittens for our own personal gain.
Here is the somewhat more sophisticated explanation why the bailout (of European banks) failed:
Which it is clear Greek officials understand all too well:
- GREECE OFFL: PROPOSAL LEADS TO WORSE BAIL-OUT DEAL AT YEAR-END
- GREECE OFFL: CREDITORS LIQUIDITY PROPOSAL HAS FUNDING GAP
- GREECE OFFICIAL: CREDITORS PROPOSAL ADDS TO AUSTERITY
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Wow, Goldman's hand is almost quicker than the eye, almost.
This is why I come to ZH - for the simplified summarization of complex financial topics.
Tylers, can you give the treasury auction recaps the 'cat treatment' as well?
+1
Everything makes sense when it's explained by cats!
At least the cat got to sniff it
Let's not forget the importance of the grey cat, he is the "collatoral" in that "transaction".
I believe this is a video showing how Mario Draghi treats Greeks:
https://www.youtube.com/watch?v=fEs6O2NGdrs
Cats would also be helpful for some of those NANEX plots.
Maybe the Greeks could dump that Wolfgang Schnable (Germany's Finance Minister) out of his wheelchair and let cats spray him (aka piss all over him).
That would be worth a few laughs. Do the same thing to LaGarde. Her tan might fall off.
Spraying is not pissing Freddie.
At least they don't mark territory the same way hippos do.
So in this example, the hand dropping the treat is the central bankers, and the paw swiping the treat is their bankster cronies? Do I have this right?
In reality the passive cat (Greece) is asked to do some tricks (raise taxes, etc) before the hand drops the treat
Okay, this is fucking stupid. Am I on Farcebook now?
But they're kittens!
CNBS simplified everything when they got rid of the tickers..... just sayin.
CNBS stopped broadcasting meaningful business news when they got boobs on the screen.
(double entendre intended)
There is only one absolute when it comes to the MSM: if it's on TV/Cable........it's ENTERTAINMENT. Period. The boobs, pun intended, make much more sense now, don't they?
Nobody here watches CNBS.......just sayin'
Exactly, nobody watches CNBS because it's become a dumbed down entertainment channel, just like the Hedge continues it's slide with dumbed down bait click articles.
It's Friday and they hit the bar early and started on the tequila......
I've got hooked on some nice Mezcal. It is Scotch's Mexican cousin.
pods
Sorry that Tyler has momentarily interrupted the 24/7 doom and gloom.
Lighten up Francis.
Has Dr. Engali's account been hacked?
It's a gif about fucking cats to "explain" the fucking obvious. If I wanted to see a gif about cats I'd go to Facebook. I come to the Hedge for decent financial analysis.....or I used to.
But...but...but cat videos are good for your health!
http://www.sott.net/article/298106-To-be-happy-watch-more-cat-videos-on-...
Watch that 14 minute video and you can't help but go, 'aaawwwwwww...'
/half sarc
This ain't nothing.
Wait until you see "Greece- Russian dash-cam edition".
Doc, you seem somewhat anti social today?
No not anti-social. It's just the cat gif rubs me the wrong way. I expect more from the Hedge.
Maybe you should ask for a refund of your subscription.
In reality the grey-white cat is continuously begging for treats, nonstop, for THIRTY FIVE years, to this very day. This cat produces nothing, can't do any tricks, can't catch mice, sleeps all the time, only wants to play with cat toys it hasn't earned, etc. etc. etc., but expects to be treated like a prince. In the beginning, the treat was stolen about 1 time in 5, now it's about 4.5 in 5, the grey-white cat continues to beg, in fact has increased begging with every passing year.
"Fucking stupid" doesn't even begin to describe the average assessment of the situation in Greece. If you can't figure out, after THIRTY FIVE years, that you are being played for a fool, taken to the woodshed, shook-down for everything you've got, then VOTE FOR IT ALL OVER AGAIN in EVERY SINGLE ELECTION, then it is well past time to admit that you are quite certainly not up to the challenge of democratic republicanism and self-government in any form. Rewarding stupidity promotes stupidity.
How many times can people pretend to be shocked that sheep get fleeced?
Hey Doc,
I respectfully disagree.
It's goofy funny which looks stupid on its face.
It is also deeply zen, a koan. Extra funny that it is a gif that plays over and over and...
Best fucking post so far today. We all know what is going to happen, the humor will smooth some of the edges.
John ward's post over at The Slog today is probably right in whats about
to happen.a good read.Spot on with what is really going on IMO.
Good read. I guess this is the EU version of an Economic Hitman.
Meow! Meow, meow, meow!!! Damn it, meow.
NO COMMENT
THis explains more then a thousand words about Greece situation (bail out)
http://albainternazionale.blogspot.it/2015/06/attacco-in-tunisia-e-franc...
Attack false flag Tunisia and France ? READ
ZH is jumping the gun. It makes this thingie out as a FINAL offer by the TROIKA.
Whereas MUTTI has said : On Saturday we do or die.
So don't take the foreplay for FORE !
So debt money given by banks goes to pay debt money given by banks? With interest of course.
interest 40 bn ... not bad
inquiring minds would like to know who is on the other side of those 40 bn
Anyone who has ever defaulted (or non payment as the IMF prefers to put it)on their debt understands that the bulk of the "costs" are not the principle but interest and penalties. Hell, just get a little sideways with the IRS and see how quickly you can become a pauper.
Credit card companies aren't getting rich of those who pay their bills timely, it is those who roll it over and over and especially those who can make the minimums. Glory be to usury fees.
Greece would have done better to put it on VISA that get hooked up with these sharks....but then again, it ain't their money or their debt. Like financial advisers, they get "paid" win, lose or draw. The most important thing is that they seem so determined to do right by their folks.
The only way to keep a cat is at the farm. I provide them with an all-you-can-catch buffet of mice, and they manage the rodent population. They are named Sarcu-4 thru 7. (Semi- Autonomous Rodent Control Units).
On Chrismas they get a couple of tins of sardines; they have to fight the possum for it, though.
I believe the coyotes got 1, 2, 3, and 5.
My barn cat seems to kill a rat a day.He and the gelding seem to have teamed up. the cat corners them
and the horse finishes them off.Them dumps them in a water bucket for disposal.
Got a plague of them this year, too hot and dry
Send them down to Wall Street with nail guns.
The bailouts aren't to help the Greek people.
The bailouts are for European banks.
C'mon Greek people...Get with the program.
That blonde tabby cat is a fucking racist.
Those Greeks could learn something from this Russian Cat (:39)
https://www.youtube.com/watch?v=Za5ZU7K5cQA
Guys, you haven't figured out the situation yet. Greeks WANT to stay inside the euro-zone !! So, there are no other solutions; they MUST pay back their debt up to the last euro !! No more room for ignorance!!
So you saw that movie too
That scene in the in Borscht Bar when Alexi tells the waiter, pointing at at Vlady, "I'll have what he's having." I thought I'd bust a gut.
What are you? Long the euro and short the ruble?
Doing it Greek style, OUCH!
The red tabby is OK voting for more debt dumped on the black cat.
You are the black cat.
Hahahahaha! Friday funnies!
And.....IT'S GONE!