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"Heartbreaking" Scene Unfolds At Greek Banks As Pensioners Clamor For Cash
1,000 Greek bank branches chanced a stampede in order to open their doors to the country's retirees on Wednesday.
The scene was somewhat chaotic as pensioners formed long lines and the country’s elderly attempted to squeeze through the doors in order to access pension payments.
As Bloomberg reports, payouts were rationed and disbursals were limited according to last name. Here’s more:
It’s a day of fresh indignities for the people of Greece.
About a third of the nation’s depleted banks cracked open their doors after being closed for three days. But all they did was ration pension payments, hours after the country became the first advanced economy to miss a payment to the International Monetary Fund and its bailout program expired.
On the third day of capital controls, a few dozen pensioners lined up by 7 a.m. at a central Athens branch of the National Bank of Greece, an hour before opening time. They were to receive a maximum of 120 euros ($133), compared with the average monthly payment of about 600 euros. Many left with nothing after the manager said only those with last names starting with the letters A through K would get paid.
“Not only will I have to queue for hours at the bank in the hope of getting 120 euros, but I’ll have a two-hour round trip,” said Dimitris Danaos, 77, a retired local government worker who was making the bus journey from his home outside the Greek capital to the suburb of Glyfada.
AFP has more color:
In chaotic scenes, thousands of angry elderly Greeks on Wednesday besieged the nation’s crisis-hit banks, which have reopened to allow them to withdraw vital cash from their state pensions.
“Let them go to hell!” said one pensioner waiting to get his money, after failed talks between Athens and international creditors sparked a week-long banking shutdown.
The Greek government, which closed the banks and imposed strict capital controls after cash machines ran dry, has temporarily reopened almost 1,000 branches to allow pensioners without cards to withdraw 120 euros ($133) to last the rest of the week.
The move has again sparked lengthy queues at banks across Greece — and outrage from many retirees who are regarded as among the most vulnerable in society, exposed to a vicious and lengthy economic downturn.
Under banking restrictions imposed all week, ordinary Greeks can withdraw up to 60 euros a day for each credit or debit card — but many of the elderly population do not have cards.
Another customer, a retired mariner who asked not to be named, told AFP he had no cash to buy crucial medicine for his sick wife.
“I worked for 50 years on the sea and now I am the beggar for 120 euros,” he said.
“I took out 120 euros — but I have no money for medication for my wife, who had an operation and is ill,” he added.
Here’s a look at the scene at National Bank in Athens courtesy of The Telegraph:
As we outlined in detail earlier this morning, the latest polls show a slim majority of Greeks plan to vote "no" in the upcoming referendum (which, as far as we know, will still go on). Many analysts and commentators say a "oxi" vote would likely lead to a euro exit and with it, far more pain for the country's retirees.
Indeed, as we noted on Tuesday in "For Greeks, The Nightmare Is Just Beginning: Here Come The Depositor Haircuts," Goldman has suggested that only once Syriza's "core constituency of pensioners and public sector employees" sees the cash reserves (to which they have heretofore enjoyed first claim on) run dry, will they "face the direct implications of the liquidity squeeze the political impasse between Greece and its creditors has created. And only then will the alignment of domestic political interests within Greece change to allow a way forward."
And so, as sad as it is, the scene that unfolded today in front of the roughly one-third of Greek bank branches which opened their doors to pensioners, may have been preordained by the powers that be in Burssels because as we said yesterday evening, breaking Syriza's voter base may have been necessary in order for the Troika to finally force Tsipras to relent or else risk being driven from office, after capital controls and depositor haircuts force public sector employees to collectively cry "Uncle", beg Europe to take it back, and present Merkel with Tsipras and Varoufakis' heads on a proverbial (and metaphorical, we hope) silver platter.
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https://www.youtube.com/watch?v=VhoNyFvwxVk
So the Banksters and Politicians who do absolutely nothing for their money get GREAT pensions, but everyone else cant have shit.
Thant's the way it rolls
Greece, the birthplace of democracy...can it teach the rest of the banksters' serfs the way out of their slavery?
The first Greek democracy collapsed under massive debts because the people realised they could vote themselves the largesse of the public purse. People just don't learn. Fuck em!
Syriza and Greek government needs to put a few bankers in jail.
Really? Who has put out all the debts? The bankers. How about putting almost every one from the Greek parliament in jail?
And the sociopaths at the EU love it
Fuck em! Stupid fools deserve everything they get. Anyone awake will have removed their money a long time ago. Sheeple on the other hand deserve everything they get. Did I already say fuck em!
All most have are their pensions,,, which get directly deposited to the banks.They have no choice.
I sure hope there is karma. Calling others fools when most nations, especially the ufsa, and people are in debt up to their ears not knowing their situation is about as pitiful as it gets.
Karma? The broke pensioners are now experiencing Karma.
Grow some you dork. If you have to live hand to mouth upon retirement then you're a freekin muppet. If you trusted pension companies then you're a double freekin muppet. Fuck em.
I don't about it in the US but in Canada, you can withdraw your pension... or stop putting money into it... So if it's the same thing in Greece, those people were sheeple and deserve what they get... they have been playing this extend bullshit for 3-5 years... so they had all that time to stop putting money in there.
When should we take everything out of the banks here in Murrica? 2009?
Not then, but deff straight after Cyprus.
What idiot Statests down voted me? Fuck your mothers eyes.
"As Bloomberg reports, payouts were rationed and disbursals were limited according to last name. Here’s more: "
I always turn to Last Name for my news.
Why aren't they storming the Bastille?
too old to walk to France
Refuse bankster and Government pensions. Always take cash.
AHhhhhh f….g white Europeans who cannot get it through their f….g heads that “It’s white Europeans at His best”…
Sorry, for the GRECO_ROMAN People you had bad luck “The Germanic peoples are there”...
Bad luck hits you like in an ancient Greek tragedy, and it's not your own making.
““When ill luck begins, it does not come in sprinkles, but in showers.”
Heartbraking? For the tribe it's heartwarming.
I plan on moving back up near the Canadian border. When this shit comes here, you are not gonna wanna be within 100 miles of American soil.
Not to scare you off or anything, but the core of the Canadian Toonie is made of maple candy. And currently they're shipping maple trees off to China for chipboard.
What does that tell you about where the Albertan tarsanders will be in a few years?
Socialist cunts.
This is asinine. Why does that old man have to go get Euros for his wife's medicine? If she is being treated in Greece, then her doctor, pharmacist, etc, all know what's going on in their country...Why would they refuse to continue to treat her because the banks are closed?
And why would anyone get evicted during this time? Or have anything repossessed? There should be a total moratorium on all such activities during this time, period.
No one should be thrown out of their home now, or denied medicine or treatment. And food should be available to all who are in need.
Landlords may lose money, but then THEIR debts and payments would also be on hold, so THEY won't get tossed or repo'ed either. All meds should be seized and consolidated, to be passed to those in need. The pharmacists might lose money, but they'll keep their shops, and can 'run a tab' with the government, to be cleared up after the crisis.
Food is the easiest...Greece is a tourist destination, which means those hotels throw out enough food daily to feed half the nation. Re-organize that supply-chain, and get your people fed.
Everything can be worked out after the crisis. But for now, you take firm control over all necessities, and make sure they get to the people.
People need Euros (money) to buy what they need to live. THAT'S why they're in a panic. Assure them that their lives DON'T depend on getting Euro's out of the bank, and they'll calm down.
I might approach one of the 'friendly' military leader types, and just lay it on the table...look, these people in Brussels are trying to take over our country, we have to make a stand, stick together. We can't let them go after our most vulnerable folks...I'd ask them what the difference WAS between being invaded militarily, or economically.
Because at some point in this mess, even a blind man could see the likelihood that the military, which has been very quiet up till now, might decide to step in and try their own problem-solving solutions. It wouldn't be the first time for Greece. I'd want to get on top of that if I was Tsipras...
Why does that old man have to go get Euros for his wife's medicine?
Haven't you been paying attention? It's because socialism doesn't work. People don't do shit for free, people don't work for fun, and people surely don't give away product without compensation.
But honestly I do get your point, there are a million better ways for a government that truly cares about it's citizens to handle this situation. Then again we aren't in their shoes but I just can't help believing this is a big show.
I am not advocating socialism but it seems to work OK in Norway, Finland, and Sweden. But there people actually pay taxes and actually get quality services in return.
It works okay, until it doesn't.
More specifically...
It works okay until:
a) the oil runs out
b) the educated class leaves
c) fast breeder immigrants move in
doop
Yeah. Right.
I think I get it. Tsipras is actually fighting about the wording of the text submitted at the referendum. If he gets his paper approved by him and the Greeks he gives face to everybody, keeps his job and actually gets what he wants: 2 years of free money and a write off. Of course Europe will have to pay up to the IMF. That would a fucking impressive outcome for him.
Obviously Germans would see it coming but pressure will rise in Europe to put an end to this story and actually bending to Greeks "humanitarian" demand. See what the Germans say ....
He who panics first, panics best.
Repeat of Scotland. Get them scared enough and they'll gladly bend over and take it.
Amazing indeed how people seem to find 2 weeks without ATM's worse than 20 years with half their pensions. If vote is still "no" I wonder what banksters will come up with next.
Once again, the myth of government laid to waste!
Also proving the maxim to never underestimate the power of stupid people in large groups.
Specifically, the large group of voters believing in the myth of government.
Too many people are lazy and just want to be taken care of, this makes it so easy for TPTB to screw everyone. Self government? What?
if i was Merkel, id cancel "proverbial" and go for the real splatter , eh, platter :)
So, did Pop get his ol lady's medicine in time?
The misery cometh. Lloyd should be set afire.
Sad. But again -- how could they sit around for 5 years before this? What were they thinking?
Note to selfie: 'Don't be like them'.
FREEDOM IS SLAVERY!
Freedom does not exist; just look up the definition. All are enslaved as it was written.
Reminds me of UK pensioners at petrol stations during our fuel tanker strike.
People couldn't get to work but all the pensioners fuel tanks were full to the brim.
Again; Greece will not be allowed to leave the Euro...why do you think there was never any plan for a member-state to exit. It is truly "Hotel California".
You have no idea about the laws. It's possible for every state to leave the EUR and EU it has not been forseen to throw someone out. So you are wrong.
Chancellor Merkel's Europe
They might as well be be herding them into cattle trucks with badges to sew on reading 'this is want happens to failed Europeans'
The European Union in all its glory, gory'
The European Union that will become the Forth Reich!
The European ONION that should be peeled back to reveal the string pulling 'new nazi' propped up my Jamie Dimebar, aka Captain blood Morgan, golder sacs and angular mergel 'The three emigoes!.
Remember the good old days when you could go for years and never run into a Neanderthal.
Poor sheeple. Too much kool-aid in their diets.
ONWARD!!!!!!!!!!!!!
Picking winners and losers by the alphabet. What genius came up with that? Couldn’t they have at least held a lottery or something?
Oh well, so much for democracy. Its another example of central planning when the planners really don’t give a shit. I wonder if it will be the same when they decide which pensioners take a haircut first?
But neither Tsipras nor Varoufakis fall in the letters A through K.
We must have more!
We must have everything!
CB's
Stack whatever you can!
Gold, silver, ammo, medicine, 48-can cases of smoked herring, whiskey, and smoking materials!
Cigarettes have the shortest shelf life of them all.
Unlike cigarettes, *raw tobacco* can stay fresh for years in tupperware with those $2 humidity packs.
http://www.bovedainc.com/solutions/tobacco/tobacco-faq/
Veteranary antibiotics can be bought online cheap. Its the same stuff prescribed for humans, just much cheaper and you cut out the middle man.
Oil of Oregano beats pharmaceutical antibiotics any day.
Biotics eventually become resistant to pharmaceutical antibiotics.
Pharmaceutical antibiotics indiscriminately kill all of the body's flora and fauna.
Get yourself some oil of oregano, and some yogurt and kefir cultures, and a dairy animal or two.
Screw Big Pharma.
This is the price ALL will have to pay for allowing banksters to control the currency of their nation and governments dictating what currency you can and cannot use. Legal Tender they call it. In the land of the free they passed the unconstitutional Federal Reserve Act, then the illegally ratified the 16th amendment to tax you all in the same year. Adding insult to injury they dictated what illegal currency was 'legal' to pay their illegal tax. And the lemmings replied Yes Master then as they do today..
In the ufsa the People were warned time and time again before the Federal Reserve bill was illegally passed Christmas Eve. Then as now we allow the cheap scum politicians to pass bills in the middle of the night, pass bills without reading and pass secret bills (Patriot Act) and some that cannot be read for years (TPP). And still we treat those illegal, immoral and unconstitutional Acts as bonafide law. Worse, we call those that do this to us........ 'leaders'!
The Peoples of this nation (ufsa) or any of the indebted money counterfeiting western POS fascist nations have no room to talk about their Greek neighbors. The ufsa, soon 20 trillion of debt, 50 million on EBT, and millions taking on school loans to bridge them over (to what?) and we have the unmitigated gall to call the Greeks, fools!
Our day will come just as the Greeks has and the fools that called the Greeks fools will get their just reward.
you are clueless. No bank controls the currency, that's all done by an with laws from your so beloved government. And it's not the banker who decide that you have to accept as money, just read the fitting laws. But to another extend you are right, banks, government and central banks always work together in their own interested and be assurd that interest is not you nor me nor any cititzen it's he suckers from all the parties...
the DOW is up 100 points, can't they just connect their ATMS to the DOW Jones Index, i mean how hard can that be, get some tech to wire up an interface, or better yet write an APP.
Few people in the western world can put together the events of the last 50 years for their country and themselves accurately in their heads. If they were keeping track they would have noticed the real deterioration of their true living standard, the destruction of government into a stop-gap save all people at any cost institution and all around them their social institutions were destroyed in the name of science and secular humanism.
Now that the sociopath central bankers, liberal big government spenders and filthy rich bankster’s have bleed the system dry of monetary resources we must deal with the carnage. The carnage of hollowed out countries like Greece (and many more to come) who will be driven back to the stone age as monetary promises run dry.
This all happens at a time when our social institutions (church, charity and benevolent societies) have been driven into the ground by liberals. As countries continue to crumble the lack of support from once great social institutions will not be there.
So as a fellow senior my heart goes out the Greeks pensioners that fell for those hollow political promises. The same political promises that I have in the U.S. But I have been preparing for them to fail for 30 years. Whether I succeed or not is another question…
What's more disturbing is that people do know, and understand it quite well. They just think it's entertaining:
Trying to kill the Bubble Boy
https://www.youtube.com/watch?v=_SULQSL4Cd0
Pensioner: "I always knew the system was unsustainable, and would implode, but I just figured I would be able to skate by with everything that was promised to me without doing anything to fix the system and let someone else figure it out, some day long after I am gone."
Anyone with common sense: "Let those who have eyes, see."
Better stock up on ammo, because when this happens here, the FSA will be making the knockout game look like petting a dog.
I dont know, to me it feels good seeing their suffering. Sorry I know but...
wow!
I wonder what happens when its your families turn ... its coming to a country near you. Will you get off on your own & your families demise? Or will you whine like a baby for help?
On the other hand Soros got off on destroying his neighbours....maybe that shit turns you on. Average Joe does not understand this criminal behaviour for the express reason that the criminals do not want average Joe to understand the criminality.
First of all pensions in my country are less than half of those in greece. Second, if our people did strike and whine every single day like those in greece we would also have a recession by now(any country would). Instead, we were among the top GDP of EU and not felt any slowdown in past years - surpassing germany. But thats not to say people have a good time, most of them work excessively hard for bare minimum and without other members of family couldnt still survive. But it is THAT reason why we have an investment here, unlike greece. Lastly, we did not cheated our way into EU by faking data as they did.
Is it their politicians fault? Yes but those same stupid people voted for them. They also gladly took that ~800eur pension over past years. How is tax collecting working in greece? Check it. Its all their fault, both politics AND people. One and the same. So no, I dont give a shit about their lives and do hope they just die rather than keeping collecting their ~800eur pension from OUR money!
It feels terrible, but so a very wide extent it's just. The learn what "mitgefangen, mitgehangen" means. Every cititzen is a hostage of his state, you just can get away if you do not have everything you own in your own country. If you have you are really messed up. They close the banks and steal what else there is left. That's the only law. We have the weapons and enough followers stupdi and scrupellous enough to use them against you.
Will they learn and not trust politicians again? Well you may or may not bet on it...
What's the inverse of fat and happy pensioners - starving babies?
To be fair, if they give them their full payments now it will just make it that much harder to announce the "surprise" permanent haircut on pension payments the EU makes them eat.
This is why revolutions are never civilized.When political solutions get nowhere, something more extreme comes along as a result. It is just a matter of time. The bankers want total conntrol over individual Eu countries and will eventually force them to sell/privitize all state assets like they did with the old Soviet Union.
The antidote for the globalist fascist oligarchy is nation-state self-sufficiency. Once a group can supply its own essentials, the allure of the global nanny-state fades. Greek leaders (note I did NOT say politicians) should be addressing how to achieve minimum self-sufficiency. That way, after a default, there is a future worth building.
I think those pensioners would be better served at home planting a food garden than fighting for scraps out in front of the bank. Greece will print drachmas which will give everybody about 25% of the buying power they were used to. Major foreshadowing here for the rest of the western socialist countries.
Well, they probably need some money to buy seeds with.
Radishes for the truly starving. They grow super fast.
Skateboarder "concept of saving for a rainy day."
In what form are you going to save?
ALL currencies are created as DEBT (out of nothing).
The debt may not be personal, but its debt all the same.
Saving your Dollars or EURO doesn't change the fact.
What you call SAVINGS, is just someone else’s debt.
Its easier for a Camel to walk through the eye of a needle, than for ANY man to give up his money.
If JESUS CHRIST returned tomorrow and abolished our existing debt based monetary system, how many would follow him?
Almost none,
most people would probably try to crucify him for trying to remove the noose from around their necks.
Look up "Debt as Money"... a simple animated movie that will tell you everything you need to know about the monetary system of the world and who is really in control.
Thumb me down... damn double post!
Spoiler Alert: To all Christians waiting for the return and to all Jews waiting for the first coming and to all Atheists hungry for freedom.
The abolishment of our debt based monetary system will be the sign that CHRIST (The spirit of truth and freedom) has returned.
It's your choice to follow or not.
In regards to the man quoted as needing medication for his wife... I wouldn't be begging. I'd be forming a militia and marching in and taking. Not providing them their own money is criminal and should be dealt with appropriately. Keeping a few hundred bucks from that guy is NOTHING compared to the trillions the government/country might/might not owe the IMF. Banks need to put that in perspective before the bankers get put in the ground.
Are there no prisons?
And the Workhouses, and the treadmill, and the Poor Law?
FUCK the European Union & the greasy Greek Mafia motherfuckers.
Let them rot in Hell & Purgatory eternally.
signed....Lloyd Blankfein
Automatic FORCED deposit, is not all that its cracked up to be.
Fantastic snap shot of the future for a lot of other countries.
I don't understand, hasn't anyone told these people that Bruce Jenner is wearing a dress and the confederate flag is banned. Why are they so upset?
Bitcoin pensioners are not affected. :)
Looking at these pictures is like being at the movies and watching the coming attractions.
77 years old and still living check to check. What a loser.
No, exchanging worthless fiat paper for tangible items on a paycheck to paycheck basis isn't losing.
The real losers will be those caught holding worthless fiat of any denomination, when the ponzi ends.
Goldman sucks, JP Morgan et al. Are beating their chests to the 'Money Chant' along with Jean Claude Hiccup juncker Reaching out to beat angular mergel's fine Arian breasts.
The third reich uniforms will be out tonight in the back rooms of Brussels!
Slapping the well 'Fed' arse that is merkel's
Unfortunately, this is what happens when you rely on the government for your retirement security. Unless you plan accordingly and can support yourself, you are F'd in the A.
I can't help but think that for some people to be able to retire "comfortably", the majority
will have to live like that 77 year old "loser".
To copy from a Jeff Foxworthy - "Greece is your sign."
Prepare now or you will eat casseroles made from no-brand dog food mixed with tuna fish.
Apparently Pensioner = Prisoner
There is nothing "heartbreaking" about a "pensioner" not getting money from a socialist sytem that told them you will get MORE out of the system than you put into it. If they expected this to be sustainable they only deserve what they are getting.
I've been told that here in 'Muricuh Social Security will be here for me when I retire. Ludicrous. Young people will not see a dime out of social security in the future. I'm not preparing for retirement predicated upon the notion that SS will be there. It wont. The older generations, whether they realize it or not, whether they admit to it or not, have been VAMPIRES on their children and grandchildren.
In socialist Greece the only people who cannot be blamed and are innocent are the young people who had no say in what has been building to this point and what is happening now. Sadly, the young people have been so effectively indoctrinated with Socialist schizophrenia there is little or no hope from them either. I've spoke with a few Greek young "folks" (to use on 0bama pseudo-folksy reference) and who do they blame for all that's going on? Take a guess...
Capitalism. They blame Capitalism as the exclusive source of all their ills in Greece. If that's what they believe on a large scale, from young to old then there is nothing to salvage and there is no hope. Leave them to their own devices.
America is going to not only be worse, but extremely difficult to predict. The good thing is, small though it may be, is that in America there is still a small minority of people who do understand what's going on and can take care of themselves. Perhaps some glimmer of hope lies with them, with us.
I don't fully agree. The people about to retire NOW in Europe have been PAYING a lot of money for their pension buildup. That is, those working in the private sector, not government. And those people get now to hear there is no money for their pensions. The real vampires are the politicians and civil servants - they blew the cash the working people produced during 50 years. Especially those belonging to the socialist party. But I do agree with your viewpoint about future ( more than 20 years out ) pensions : there will be nothing left. For NOBODY.
Their pension funds were funded. Then the gov called and said buy bonds. They also told banks to buy bonds. Then the crisis hit and said buy more bonds. Banks too. Then the haircut came. Gov borrowed money to recap banks. Pension funds got fucked. Debt/GDP ratio went from pre-haircut 170% to post-haircut 162%.
Banks are once again fucked because bank run (instigated in part by EU officials). ECB instead of central bank role of lender of last resort decides to dabble in politics leaving banks again on verge of collapse. EU will now insist gov borrow again to recap banks in 3rd bailout (if they succeed in getting rid of Tsipras).
Pensioners are fucking fleeced and they still as majority will vote yes on Sunday.
Up one on that. With a little help from Mark Twain "Man is the only animal that blushes, or needs to."
One must ask himself/herself why this turmoil and chaos now?
Syriza got nothing from fascist troika over these last 5 months. Nothing at all. So why they waited all this time and squandered $7 billion surplus and reserves, money that could have been used for transition and negotiation leverage but instead was used to pay this odious debt.
The same fight, could have been fought in February from much stronger position without this turmoil. Why it wasn’t? Why banks were not nationalized on Monday as it was in England in 2008 for Christ sake? Who’s interest was to weaken Syriza’s support among suffering population?
What Syriza accomplished so far is to undermine European leftist movements while it is not itself true leftist at all. It is a party of those former worshipers of EU with cushy jobs that have been pushed away from the trough, rejected by fascist EU pals in their quest for gluttony and left behind to rot.
It is beggars party having nothing to do with true left like Greek communists that spilled blood for national independence and justice in Greece in 1948.
In this context there is nothing curious about all those inexplicable, strange or just stupid and naïve adolescent moves that deny what actually is going on namely steady progress of fascism in Europe and vicious class war with thousands of dead victims of economic extermination.
Just consider Greek GDP dropped 25% over last several years, economic effect liken to ongoing hot war, where bombs are falling from the sky.
So far, they are dropping so called metaphorical “neutron bombs” of mass destruction that kill slowly one by one, quietly disappearing form this world without immediate visible damage and producing tens of thousands economic refugees fleeing Greek war zone, a war crime in itself.
I stopped to listen to Syriza academic tautologies months ago. They think They stick to their guns but in fact they are giving circus away inch-by-inch everyday. This is insult to intelligence to believe that it is going somewhere. It is clear dead end.
The last five months Syriza behaved as controlled opposition steered from Soros headquarters and Broookings institution under quiet acceptance of ECB enthusiast of Greek tragedy.
Five months and Syriza government did not even established itself at all.
The facts.
1. Government has no control over third biggest Army in EU, biggest Army per capita, no military cuts whatsoever, they even buying useless shit from US as we speak.
2. Government has no control over police, no cuts in pay or benefits no prosecution of rampant civil right violations by police against leftist parties and groups.
3. Government has no control over prosecutors and judges, only ONE investigation, related to theft of national treasure, of people connected to oligarchs and foreign banks was open while Syriza members made over thousand requests for investigations.
4. Government has no control over banks. It’s obvious because of ECB but Syriza members requested thousands of reports on banking activities or requests to stop oligarch from repatriating their stolen wealth abroad, no response.
5. Government has stolen retirement money and practically reneg on immediate election promises regarding increase of employment, while paying off so far troika gangsters against their own stated policies and election promises.
6. Government did not nationalized state assets sold to foreign investors for peanuts as declared in their own stated policies that obtained parliament vote of confidence.
7. Government did not use Russia leverage in NATO context and did not warm up frozen relationship with Turkey as extremely strong bargaining chip in current geopolitical situation potentially weakening of NATO southern flank.
I stop here but it’s no all.
The Syriza violated their own manifesto hundreds of times during last 5 month proving so far that it is a fake political entity negotiating cash deal for their own leaders while collapsing their own country.
It’s pure political theater for “benefit” of raped Greek peasants.
As I said before on ZH no Greek blood on the street no revolution against EU totalitarianism disguised as brotherly love.
There is no dancing around the facts or adopting ostrich politics. If you are not a fake Mr.Tsipras manup. Prove me wrong.
I have no sympathy for those old farts. They helped contribute to the mess that their country is in.
Further, if they had any brains, they would not have kept their money in a financial system experiencing a crisis. And I'm not talking from a high horse. When I was a teenager in the 1980s, I discovered that my family, back in the late 70s, withdrew their money from the local Savings and Loan. Wow, that was prescient. The Saving and Loan was FDIC insured, but my folks prevented a headache for themselves.
The Greek pensioners enter the "cracked" front door to the "bank",at 10:15 AM..At 11:30 AM,a small green chip,called "soylent green",exits through a small shoot at the rear of the bank.At 12:30 PM,a refrigerator van,marked IMF foods,pulls up to the rear of the "bank",and begins loading the chips for delivery to the local grocery store..
We need to go back to the way it used to be [savings and self-reliance]; relying on heartless bastards for your old age survival is NOT a credible nor wise way to live....
'This is when I'd cry because right now, your life comes down to nothing, and not even nothing, oblivion.'
- Chuck Palahniuk
The Tribe demands final retribution from the white Europeans. One EU member state at a time. Make room for those Muslim exports from Israel.
it's sad, but you have to hand it to the European and specifically the German Banksters for knowing how to exactly, surgically and with great precision apply pressure to the voting Greek electorate directly... they are far better chess and poker players than the Greeks ever were.
Greece news-bla bla bla!! It really seems like the news coming out is following Woody Dorsey's turn dates. Just since June 11th, his turn dates have produced over 130 SPX points. Over 1100 since September 2014.
So here we are again-right at another turn date 07/01--secondary top off of the 22nd top date? You want to see these dates-trust me
Maybe soon the Greeks will swim in cash. As a lot of people get 60€ every day. A very minor group of people will bring their money INTO the bank. Shopkeepers, corporations for instance. They can play bank and sell their received money. So the inflow of money into the banks could dry up dramatically.
Import and export will be done in cash... on delivery and will also not flow into the banks.
Tourists break through the limitations, they bring their own money with them, a net import of cash.
In small communities or amongst friends an IOU is written easly in order to keep serving the long time customers.
So day by day the amount of available cash is growing.
And day by day via the ELA program of the ECB has to deliver additional funds to balance the Greek banks.
So what will happen after an ochi/nej ?
The current Greek government could still be in charge... doing deals with putin and China ?
Other parties like podemos, lega northe, Le Pen, and so on,.. are all wachting the Greek developments.
I just received an E-mail from Simon Black @sovereignman.com, entitled ' “Boots on the ground” report from Greece'
June 30, 2015
Piraeus, Greece
[Editor’s note: This letter was written by a Greek-American friend of Simon’s who is currently living near Athens.]
Since my arrival into the country late May, the topic of most discussions I overhear everywhere are naturally about the debt negotiations.
I’d call opinions in support or against the Tsipras governments’ activities pretty sharply divided.
Tsipras supporters are generally fed-up with 5yrs of blood-letting “from the Germans”.
Critics, on the other hand, see the euro as some sort of abstract membership in a club that must be retained at all cost.
A minority even criticize Tsipras for—get this—being too soft.
That’s especially true where I’ve been staying here in the port-city of Piraeus, which - being the country’s biggest port, is home to mostly blue collar, working class folks where unions more or less dominate.
To illustrate the political leanings around here, I hazily recall a headline in a newsfeed summing up their worldview quite accurately: “Piraeus - a neighborhood where Syriza is not quite left-wing enough.”
Enough said.
Like most locals, I’ve been steadily hitting the ATM for the past weeks to amass some emergency cash.
I ventured out today for the first time since the capital controls were installed yesterday to have a look around.
In Piraeus, I saw a queue of at least 30 people at a branch of Alpha Bank, and about 10 people at the Bank of Piraeus, where I waited.
The mood among the people waiting was pretty cool, friendly and even throwing a few funny comments around to address the obvious elephant in the room.
Older pensioners who were waiting, being used to getting their money from the window, had dusted off their debit card and received generous help from others on using it.
Experiences were shared on efforts to withdraw cash the previous day, where the published daily withdraw limit of 60 EUR/day for citizens was in effect (and confirmed by to me by the folks on line).
Today however, having presumably exhausted their supply of 20 euro notes, this ATM machine imposed upon users a de-facto daily withdraw limit of 50 Euros - since it was only dispensing 50 Euro notes.
As has also been reported, these capital controls do not apply to foreign bank accounts; and I can confirm to be true as my foreign bank card allowed me to withdraw my self-elected amount (of 300 EUR on this occasion) without issue.
There is certainly an unusual feeling of calm in the air. Car traffic resembles a quieter “Sunday” level than a typical summer weekday going into the high tourist season.
Citizens seem a bit more polite and helpful to one another than before, with no shortage of clever comments to break the tension on everyone’s mind being all in the same boat.
My first thought was to assume a newfound “keep calm and soldier on” state of unity among the populace.
But this is Greece, not Northern Europe. the words “quiet” and “calm” never share a sentence here.
No, this was something different, I believe, more of a “laugh to keep from crying” state of mind.
And being very experienced with Greece and Greek culture for my entire life, this realization was off-putting to say the least.
I’ll forward along any additional observations during my stay and leave you with one final, personal thought.
For all the talk and preaching of the risks one takes by placing all their “flags” into the blind faith and trust of one government in the abstract, it’s nothing like witnessing it firsthand.
Greece, right here - right now, is where that all “gets real.”
But more importantly, all the benefits of a multiple flags approach also “gets real” when you’re the guy who the crisis can’t touch.
I’m able to merely observe and participate without worry, sleeping tight knowing that all that what I’ve worked to achieve in his life is out of the reach of supranational, unelected & unaccountable EU autocrats.
Great critique of prevailing mood in Greece, thanks.
banksters deserve to die
ordinary people should be able to put their money SAFELY into deposits that CAN NOT BE SPENT BY BANKS ON ANYTHING
Communicate your message to the 77-year-old pensioner. Take the stick to the bank. Blow himself up in the place.
They didn't see this coming ? WTF ? In Greece Zero Hedge should be required reading by law.
more than likely they will cave in for yes
if they do they get what is coming to them and i won't feel sorry for them
until then i do feel sorry for them...
They are going to get what's coming to them either way. Stay and face austerity, or leave and face austerity. Greece is learning the lesson that the rest of the world will be learning shortly. You must live within your means.
Funny, all I see are the bank's unsecured creditors....gota read the fine print with these blood suckers
Survey says: 35 percent of Americans would expatriate. Everybody hates the NWO.
Link
100-35 = 65. So 65% of Americans are mainly the ones causing the reason for the 35% to want to get the fuck out. That's democracy for you.
Here is how we should come to look at this horrific spectacle.
Those are the "Yes" votes.
Greece is chaotic - so it must be a true democracy. Its multiple governments have placed Greece into her current situation (including mega-investments in "Green" energy generation). The various left-wing governments' corruption, stupidity and inefficiency are breath-taking - even by modern Washington DC standards.
AS as the saying goes: with a democracy you get the government you deserve - so I'll hold back the tears.
There is more than just Greek pensions at stake. This is a major threat to NATO and the EU. "Jan Zielonka, a professor of European Studies at Oxford University notes that "nearly all the money from the Greek help funds went to private banks, mainly France's and Germany's. Before SYRIZA, the various Athens governments obediently fulfilled EU and IMF recommendations with--as we now know--fatal consequences for the country and its creditors. Irrespective of how the Greeks will vote in the referendum, we can expect geopolitical shifts in Southern Europe. I can see how both Putin and Erdogan are rubbing their hands. Some serious observers see the situation in even darker tones. Larry Elliott from The Guardian believes that we are observing the economic equivalent of events from a century ago--the assassination of Archduke Ferdinand and his wife in Sarajevo."
I've been wondering about the role of Turkey in all this but in a way, I'm not concerned as the Greeks and the Turks are age-old enemies.
The Greeks and the Russians, though, share a common Eastern Orthodox-like religion. That's a strong commonality, even among ostensibly secular peoples. Putin is a sly fox. He'll take advantage of this situation, for sure.
"as the Greeks and the Turks are age-old enemies."
This is a great opportunity for Turkey to make it up to Greece. Imho, Turkey may become a friendly country with Greece in contrast to so called 'Troika'. Erdogan has already offered to help Greece. Russia and Turkey have been enemies for centuries, yet both have been coöperating recently.
Won't the IMF just piss money into France and Germany until their urinals are full?
Why do they need to have Greece as the pivot man?
"Jan Zielonka, a professor of European Studies at Oxford University notes that "nearly all the money from the Greek help funds went to private banks, mainly France's and Germany's."
http://greekdebttruthcommission.org/wp/?p=75
Is Greece a slave state of the EU?
Sure looks like it.
They are slaves to their debts.
Do any of you, any one of you at all have any hand in the monumental debt, that not just you and your kids, but the kids belonging to them are going to have to pay back on the say so of the child molesting fuckers that continually run you into the ground?
Did anyone of you lot have a hand in this debt show? Did Greek pensioners? Were you lied to just like them to accept Odious Debt? Not just in your name bitchez, but those not yet born.
Stop arguing amongst yourselves, and lets try to work out a solution here folks. The Greeks didnt cause this, neither did the Americans, and dog knows the fucking British didnt.
The dirty fucking child molesting politicians, sold owt to the filthy cunts that print the script. At your collective, and generational pleasure. Direct that pent up anger where it is deserved my friends, because it certainly isnt your fellow man. No matter who you are.
;-)
Why is a debt default not a debt default triggering CDSs and a global meltdown? The psychopathic liars just change the wording so that Greece is in "arrears".
http://www.bullionbullscanada.com/index.php/bulletin-boards/17-talk-econ...
You voted for it! You wanted it! You got it! FUCK IT UP.. oops.. I meant SUCK IT UP! or die.. whichever comes first. The free shit brigade has chickens all over this mother fucker..
schadenfreude
give me my fucking money , moshe you prick.
The government always places the little guy first. Well, no. But the little guy always trusts the government. Over and over the little guy gets screwed when he trusts the banks and the government. And over and over throughout history, the little guy comes back and trusts again. And gets screwed again. What's the lesson here? The lesson is the little common man is an asshole, and deserves every single thing that happens to him. Because if he doesn't care enough to open his eyes, and learn history, than fuck him. Fuck him, fuck his family, and fuck his neighbors if they live their lives the same way. And that's how it really is. Doesn't matter who's right or wrong. If you, the common man, want it to change, then you'd better decide that it's going to change. And you had better realize that to change it, you will need to do more than just whine, complain, watch TV, and stand in lines for your little pittance handout like a little helpless child.
What's heartbreaking? There are many countries where citizens do not have pension, food and water. The Greeks have their moment when they start collecting their pension at 52 years old... well the party just ended for them
Fuck the EU - Nuland. LOL Looks like the fucking is coming to your doorstep. I hope this low level peon doesn't make it to the bunkers. Traitors and warmongers can't hide forever.
Oh, BOO FRIGGIN HOO.
These scum Greeks RETIRED at 58,
with loads of benefits which
OH BOO FRIGGIN HOO AGAIN
just happened to run out because
the taxpayers of other European countries
got tired of having their hard-earned money
taken and redistributed to the lazy-asses.
Let them starve and rot in Hell,
if the don't have the initiative to
earn their own way.
Breathtakingly shallow "analysis" Czar.
I hope that the effort didn't overtax your "brain".
You really believe that Polish taxpayer money went to the Greeks somehow? What is the IMF? Are banking cartels loaning zeroes and ones in exchange for "austerity" aka robbery and buying out industry at ghetto prices? Czar of bankster shills.
.
.
You Occupoopers are stuck on "bankster!!11!!1eleventy!! stupid".
You fail to hold the corrupt Greek citizens responsible.
You fail to hold the corrupt Greek politicians (whom the corruptcitizens vote into power) responsible.
Bankers are, in my opinion, not innocent.
But: to blame them alone?
More than the culture in which they thrive?!
In a Jacobean orgasm of hate?!?
You need to rot in the totalitarian hell-hole your onanistic anarchist fantasyland will inevitably bring about.
And, the sooner the better, IMHO.
As an an aside, these older greek folk had no access to the information you lot do, so stand back a bit and judge them as you would expect others to judge you. These folk didnt cause the problems you fuckers blame them for, and live under, just like your kids, and their unborn prodigy.
Lloyd fucking blankfiend, and that fucking cunt on a hundred million a year jamie fucking cunt dimon did.
Direct that fucking anger their way you angry fuckers and leave your fellow man alone. Them two cunts ruined hakl the earth, so fucking do something about it, and leave my Greecian friends alone.
:-)
One might ask, who has choosen the Greek politicians then?
Just gamble then at this point. Devalue and convert to current pensions to the Bitcoin. Cut a side deal with Russia & China to fund it for ports & pleasantries. Parallel launch silver & copper Drachmas. Close banks use pawn shops instead. Confiscate all wealth from Banksters and Devolve the financial system. Invite Iceland in as consultants. Try something besides touching the IMF / Euro fire because you know all it does is burn. Just back the Bitcoin with the lead standard like America does. Every time someone from the IMF says it is not a currency shoot'em. Call it a Fiscal Jihad and tell CNN it is our religion and please don't judge us by a few bad apples. We say it is a good currency because we've got lead for anyone who says it isn't. You want fiscal responsibility. I would trust the Silver, Copper, Pawn Shops and the Bitcoin algorithm before I would any politician ever.
Pensions are such an antiquated luxury.
LOL TFF
My heart doesn't break when people suffer from their own self-inflicted wounds.
These people would vote to rename their country "Goldman Sachs" if it meant another week of free shit.
Same as Argentina 2001 (I must said, in Argentina 2001 scenes were a lot more "hearthbreaking".
However, I'm not sure it's gonna end as it ended here (no more "convertibility" - which was some sort of architecture like the Euro, tightening the peso's value to the US dollar). Not far from defaulting and returning to the floating currency, Argentina started to grow and it's been growing for years, even succeeding in surfing international crisis.
But I have the feeling this "hearthbreaking" scenes may be used to grow fear among EURO slaves in Spain, Portugal, Italy, etc. in order to keep sucking people's money and energy, to centralize and for further domination, in the path towards total resignment of sovereignity and full "regionalization" ==> globalization. Hope it's just a feeling.
Greek municipalities should consider creating their own local currencies lke this one in Bristol, U.K. or ora in Orania Afrikaner enclave in South Africa:
How about a new currency pegged to the dollar?
Call it the"dollar".
There must be something wrong with me - I can's muster up any sympathy for these people. They aggressively supported the politicians who wrecked their economy and society in the past 30 years. They did it greedily and while giving sober people who counseled caution the finger.
In other words, they deserve it. I don't feel bad when someone stops making their house payments, quits working, mooches from all his friends and eventually is living in the woods - they deserve it. Life is a game and we have rules and money matters. These lefists are in for such a rude awakening. There and here.
Bring on food rationing and breadlines etc.
Back in the 70s there was an english joke: What's invisible and smells of dog food? A: Pensioners' farts. I'm not sure the greek pensioners can even get access to dog food.
They have been warned or at least they could have been warned. At first there was a debt cut (voluntarily as they claim) then there was cypress, and I know from quite some blogs which warned. They have not heard, they have not acted. Now imagien the would have arranged for a bank account out of Greek. Now they wouldd be abel to at least write the money. Now imagine they would have emptied there greek bank accouunts and would have put their money under the matress.
Then imagine they would have bought Gold, Silber, other goods fit for trade. They did nothing at all an now are crying. I know fom other blogs which have warned eihter country in the EU zone, and the same holds for the US. I ask you how comes that the bank in other lands do not prefer US -citizens as customers?
All this has not come unexpected, it's written all over the lies of the politician. Keep calm, everything is under control or such other blatant lies.
If it happens in USA,
BarackHomObamma would send lots of drones to make these old people vanish
(if they are not rich banksters)
And then take rest with a pot smoke in one hand, and a handsome (W) young male intern (or a guard)in other arm.