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China State Official Hints Beijing May Bailout Greece
On Monday, after Greek PM Alexis Tsipras’ dramatic referendum call sparked a run on Greek ATMs, grocery stores, and gas stations, we did our part to help ameliorate the situation by sending a subtle message to Athens:
Dear Greece, if you want to apply for a loan from the Asian Infrastructure Investment Bank, send an email to: information@aiibank.org
— zerohedge (@zerohedge) June 28, 2015
Indeed, now may be an opportune time to tap Beijing for a few billion given that China officially launched the AIIB this week. As a reminder, the success of China’s AIIB membership drive was a political disaster for The White House, which expended considerable effort to discourage US allies from supporting the new China-led venture.
As such, it would be difficult to imagine a more fitting pilot program for the world’s newest supranational lender than a rescue package for the birthplace of Western democracy which has been brought to its knees by that most Western of all multilateral institutions, the IMF.
And while any funding to Greece from China would likely be channeled through the Silk Road fund (at least for now, given that the AIIB is just a few days old, officially), any aid from Xi Jinping’s deep pockets to Athens would represent a spectacular coup on both an economic and political level.
While the world is by now likely incredulous about the prospects for a Greek “Eastern” pivot (around a half dozen Russian headfakes have made us somewhat numb to the idea), Chinese assistance might be more likely than Europe cares to admit. Sputnik News has more:
China may help Greece directly through its new financial instruments, director of the Quantitative Finance Department at China's Institute of Quantitative and Technical Economics told Sputnik China.
Goldman Sachs predicted in a report published on Wednesday that in a worst-case scenaria China's exports would decline 2.2 percent as a result of Greece's economic crisis. Other than exports to Greece itself, the crisis could also hurt the economies of nearby countries, where Chinese businessmen have also made considerable investments.
"The Greek crisis has an undoubtedly seriously influence on China's trade with Greece and investment into the country. But I think that European countries together with China can help Greece overcome the problems that arose," Fan Mingtao said.
"I believe there are two ways to give Greece Chinese aid. First, within the framework of the international aid through EU countries. Second, China could aid Greece directly. Especially considering the Silk Road Economic Belt and the Asian Infrastructure Investment Bank. China has this ability," Fan added.
And while it's impossible to overstate how hilariously ironic it is that Communist China could be the world's best hope for preventing the birthplace of Western civilization from careening into the Third World, there's a more subtle joke here as well. We'll let readers discern what that joke is with the help of the following graphic:
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Are you saying the Chinese have an inferiority complex ?
Isn't it obvious?
Here, I'll give you an example:
http://www.theguardian.com/sport/2008/aug/12/olympics2008.china1
Here's another:
http://www.cnn.com/2011/WORLD/asiapcf/05/19/korea.beauty/
Isn't it obvious?
Here, I'll give you an example:
http://www.theguardian.com/sport/2008/aug/12/olympics2008.china1
Here's another:
http://www.cnn.com/2011/WORLD/asiapcf/05/19/korea.beauty/
Round-eyed Coolies...
No government is going to be saving anyone. Not China or Russia or any other government. That aint how things work on this planet. For now.
Wake Up!
As long as they tell the US and Germans to choke on the IMF debt and stuff it this, could work out well for Greece and all the peoples of the west.
Just curious. Is there any country in the world with a positive balance sheet?
russia?
"...while it's impossible to overstate how hilariously ironic it is that Communist China could be the world's best hope for preventing the birthplace of Western civilization from careening into the Third World"
Communist China can only do this because they derive their income from capitalist countries and have adopted a capitalist marketplace while maintaining their suffocating communist tyranny over the citizens.
No Commies please
As I posted yesterday*, I see it in the context of the Bigger JPG, and assert the following hypothesis:
1. Greece is a Testbed/Template of things to come in other Western countries and their bankrupt Governments and criminal CBs. The name of the Game is "Systemic Asset Transfer and Asset Stripping"
2. Either Greece will fight them and things will get very ugly or even 'bloody', just to teach would-be copy-casts (Portugal, Spain, Italy, UK, France) a graphic lesson and submit like neo-Serfs to their neo-Feudal globalist Masters/Overlords.
3. Or Greece caves, does not pass GO, does not collect $200B, and goes straight to Serfdom Jail. As intended.
The ONLY way Greece can win, IMHO, is if they DEFAULT by actually REPUDIATING the ODIOUS DEBT, pull an Iceland, screw the Banks, and jail Bankers (and save the People). Make the Bond Holders eat the losses, then nationalize the Banks. For a while.
They then need to prevent Maidan II that would be headed their way, and jail or hang its perps. After that they need to join the AIIB -- either as an Associate Member of some sort, if possible, or as a Client.
They will also need to pivot EAST and make deals with their new BFFs: Turkey, Russia, China.
* http://www.zerohedge.com/news/2015-06-30/greeks-nightmare-just-beginning-here-come-depositor-haircuts#comment-6256504
Tue, 06/30/2015 - 21:31 | 6256504 Kirk2NCC1701
It might be better for them to simply start building an organic economy. Tax the crap out of all imports. Ballencing the books openly would be an exelent start.
" the IMF "
How quickly we forget that the great IMF was nearly a dead institution before the great 2008 unwind and fiscal disaster. Funding was hard to get, nations wanted to drop out. It was alos underfunded and there were calls to let it die. Then, along comes the 2008 collapse, and the corpse roars back to life stronger and more imperial than ever before. Funded by newly printed billions and ready to do Washington's imperial work. Since then, the IMF has become Washington's strongest tool to hammer nations into subserviance to the Neoconservative and Neoliberal American imperium. Greece has been enslaved. Ukraine is begging to be enslaved. Remember, how close the IMF came to beign swept away before 2008? If only it had!
IMF is about to get an ass full of worthless US Treasury paper in exchange for Greek debt relief. Win-win-win for China, Greece, and the neoconservative military industrial complex. Too bad the MIC isn't interested in protecting America, or anyone else except themselves.
Europe is about to become militarized in a very big way. The peace dividend is at an end. Your easy going way of life is over. You've been fucked!
IMF getting USbonds is a hoot, but China has been doing that deal with the big drug dealers for quite some time and that's why MS13 and the likes has been getting into the US and causing havoc (it's the women that get into the US)..
IMF getting USbonds is a hoot, but China has been doing that deal with the big drug dealers for quite some time and that's why MS13 and the likes has been getting into the US and causing havoc (it's the women that get into the US)..
Unlike the south china sea, the chinese won't need to build any new spratley islands in the Med. Greece has plenty to choose from.
about 1500 islands in the Aegean sea, as a matter of a fact. What a world, right ?
So China will save the big western multimational banks by paying down Greece's debt? Not likely.
Don't underestimate the White Dragons.
Not if China can buy Greek debt at a BIIIIIIG discount.
Beware of China-men bearing Gifts....
Why would you buy a country BEFORE it crashes? There's no way China is this stupid. The correct path is to wait for a default and credit crisis then buy everything super cheap. Think of the housing market. Do you buy houses while prices are declining? Nope. You wait until millions of people are kicked out of their homes and there's a huge surplus of houses. Then you can buy entire blocks of houses for next to nothing. The last thing you would do is try to bail out home owners who are drowning in debt.
My people (I'm Jewish) did this in Germany during the hyperinflation days. Did we try to bail out the German government so it could pay money to Britain and France? Fuck no. We sat on the sidelines and waited. Eventually the whole thing collapsed, and we could buy valuable assets for a single gold coin. That's what China should be doing right now. Wait until Greece defaults and the debt is written off, and then buy as much of the country as possible.
The Greek housing market is pretty cheap already and to start now make it acceptable and then after the deal, flood in. The Chinese like environments that are like China, as they send their workers in after they buy in..
the chinese aren't jews. they are a lot smarter. the people are more important now. that will get the money and spain and portugal later and finally all of europe. without a shot fired....except from the usa which will take care of the usa problem. they will move before the greedy jews get a shot at it.
In the end, It did not go well for Jews in Germany...as we all know. I was just reading a long story about inflation in the Weimar.
because jews themselves declared their jihad on Hitler's Germany first while Hilter was working with their leaders in NYC/London to relocate those who were willing to today's Israel.
My people (I'm Jewish) did this in Germany during the hyperinflation days.
I say this without a smidgeon of antisemitism, but merely an honest mind: "How did that work out for ya'?"
Whether they're Jews, Chinese or anyone else, parasites are not kindly regarded by their victims.
Campaign for Greek People:
To Greek people.
Fuck EU. Let Russians and Chinese build brand new navy bases on few out of thousand of islands you have and now subsidize.
Drop EU and euro for drachma, Default on all the debt. Make pace with Turkey. After south stream join silicon road from which collect toll on everything EU and German mofos need and enjoy your great culture,literature, philosophy, wine and plenty of R&R and let Germans sweat.
Europeans would beg for drachmas backed by massive gold of Russia and China and their commodity and economic power. You will eat EU lunch just in few years.
Make a stand against your EU slave masters, do not let them plunder your rich and beautiful country. Organize new Hellenistic movement.
China seems to like making and buying islands.
"Make peace with Turkey."
Sure, you know, we've been basically at one another's throats for the past couple thousand years, but let's just call that water under the bridge, K?
Dude, you snooze you lose.
And get this. That's a zerohedge headine
http://www.zerohedge.com/news/2015-06-30/nato-ally-turkey-breaks-ranks-s...
Put the bong down for Pete's sake
China is lying in wait waiting for the EU to start downsizing.
just print Drachma and ask BRICS to do swaps at a set rate, like 80% of Euro, it's easy.
then use the foreign currency to buy what you need and trade more with brics nations.
DO NOT PAY back the debt with the swapped money. Get in the new BRIC swift system!
it's not all that hard.
Some say it is bad timing for China to offer loans. I disagree. The reason is it is great timing is China wants to be the next world super power. Using the loan as leverage China will get a naval base in Greece to spy on NATO…
China spy on NATO?
When was the last time China's navy ever visited Greece?
No, Chinese are not interested in conquering the world. They are happy if others simply left them alone.
Loans to greece? Sure, if the return of capital is 200% guaranteed, and definitely, profits....
Happy to leave others alone. "Tell that to the Dzungars or Tibetans or Vietanamese or the Indians. U have a very skewered view of history for whatever purpose.
Russian pipeline going to ...Greek ports owned by the Chinese. Spying perhaps in the form of touism. Saving Greek union jobs and enjoying the perfect excuse for military "shore leave" for their navy. Nice...
What is extremely interesting is this, the Greek debt has already been largely offloaded onto the balance sheet of the ECB. This was done to try to insulate private bank balance sheets from the risk of default and thus being underfunded. But a fork in the road now exists, as I understand it, if Greece leaves then the debt goes back to the original banks who own the debt. If Greece stays, the debt will stay on the ECB’s balance sheet. Do you see the ramifications? If Greece leaves, we have a banking failure through Europe … but if they stay then the ECB eats the losses. Thinking this through, if Greece stays they will effectively force a mass printing by the ECB to cover up the losses. This will effectively dilute the euro and certainly hamper the ECB’s ability to function as they desire.
Call me crazy but I don’t think this is by any mistake at all. This is a financial chess match where Mr. Tsipras/Varoufakis and Vladimir Putin (socialists) are using great gamesmanship. I believe it was decided Greece will stay, not pay ..and watch the ECB/Eurozone suffer with this. Eventually Greece will leave but that will be AFTER the fire and AFTER the smoke clears. I also believe a pipeline deal through Greece is a foregone conclusion and as this whole thing plays out, Europe will become "closer" to Russia, China, India and the BRICS …which means what exactly? They will be further away from the U.S.!!! This is not rocket science, we are watching socialists who have legally hacked into one of the West’s "cars" … and have the ability to control it! They can start it, stop it, make it go right, left or even just turn it off! Maybe I am giving too much credit and this was just a coincidence, I highly doubt it! To top this strategy off, I still believe we will be served a "truth bomb" by Mr. Putin which will effectively cut the dollar off at the knees!
http://www.jsmineset.com/2015/06/30/you-gotta-scratch-your-head/
good stuff, and I think we can expect to see maidan style protests.
"ISIS" may appear in Greece.
The american media AND public are so corrupt and stupid .gov could come up with any absurd story and anyone saying "this seems unlikely" will still be smeared as a conspiracy theorist.
Interesting theories at that link, particularly the JPM silver/commodities section.
I'll have to revisit that site periodically.
You lost me as soon as you put the the little man in the 'chess master' meme again
Euro-bonds are coming to buy the Greek sea side housing and resorts, to be staffed by Chinese labor.
Rather than recoil at the thought, the majority of Greeks will trip over their dicks running to get General Tso's Gyros on their menus
No, it's not going to happen for the simple reason:
Market rule applies. All china's investment is done under this rule---profitability is the uber ultimate arbiter....
China can make a profit if they manage to buy the debt at a discount. They might find a hedge fund willing to sell at only twice what it paid and China could still accept a future "haircut" from Greece and make money. The Eu would lose money, but who cares about them.
This news item is just to help 'no' to win the referendum on Sunday.
Details of the deal to follow.
How's your popcorn?
Hey! C'mon! All those secret Greek recipes? There's a gold mine there!
The 'GLOBALISTS" had/has us believe we live on a Globe (a ball)...?
https://www.youtube.com/watch?v=qauj1PPEJRQ
https://www.youtube.com/watch?v=9nIRMTMMf84
I love it.
Yeah, roadhazard. Gotta experiment. Mix it up a bit. Live life! Woohoo! Greek + Chinese = interesting architecture.
So, China's growing its own Economic Hitmen?
"The Quantitative Finance Department at China's Institute of Quantitative and Technical Economics"
Hihaha hahaha hihaha lalalala
Only one Chinese caveat: new country will be called "Cheece" and its people, "Cheeces".
China, Russia, Greece, & Communism could all work together if you ask me using US Treasuries to fund it all
So, Red China won't have to shoot down lightly armed Greek sailors standing thigh deep in water on a sand bar at 600 meters .... with anti-aircraft guns .... like they did to the 70+ Viet Namese sailors defending the Spratly Islands .... in 1988 .... cowardice on a level with ISIS butchery !
China planning on sending their "underappreciated" equities to Greece.
And the dollar slips! Those dollar bulls just gor crushed in a sea of dollar velocity.
That's the sound of $100T rolling around the cash market moving from stocks to cash.
From bonds to cash.
And thus decreasing the value of the currency. Remember, velocity creates the equilibrium in Price for the currency, and when people are trading dollars it moves vol higher. An increase in vel decreases the price and the dollar slips.
From what cash will go once the dollar slips back to DXY 70 who knows.
Gold maybe?
:)
Yay! And remember, don't flush dollars down the toilet. They clog toilets.
China would be willing to buy the port of Thessaloniki - and build an LPG export terminal there.
Wonderful. Two supranational banks representing different cultures and oligarchies competing for global domination.
This should go well.
China helping out Greece...
https://www.youtube.com/watch?v=epcdjjsU5FY
Immigrants helping out the USA with Ethos, Logos, Pathos.
- They might not have learned the US Values yet though
- Maybe we need to spend a $1 Billion teaching Immigrants the Ideals of the US Constitution
- Think US Congress would spare $1 Billion to teach US Constitution Classes for free?
- Or is US Congress listening to Chamber of Commerce and Wealth Interests to break down USA, Remove the Dream, End the Sovereignty, Freedom, Liberty, Justice for All, Equality for whites and all others, ... wait, it is gone already
- Maybe we could force US Public School Teachers to teach the US Constiution, Sovereignty for all, no Superpower Manaiac Aggressive Wars against people we dehumanize for false reasons
Here is what I see in the news:
- Screaming Immigrants Disrupt Ann Coulter Signing...
- Destroy books...
- She Fires Back: 'At least they weren't molesting any 4-year-olds'...
What is this? Immigration?
- Economic exodus means two-thirds of Puerto Ricans may soon live in USA...
- Link?: GALLUP: Fewer and fewer 'extremely proud' to be American...
- Record 93,626,000 Not in USA Labor Force...
- Unemployment rate drops to 5.3%...
- Participation Lowest since 1977...
- 24,816,000 Foreign-Born People Employed...
Border? Naw!
- BORDER BATTLE: 128 unaccompanied children apprehended per day...
- Illegals discovered in shipment of onions...
- CDC Official Blasts Obama After Influx...
- 'No country in world would allow'...
- Fewer Californians got into UC - while offers to foreign students rose...
A small price to pay to keep acquiring physical gold and silver at a manipulated low rate!
It looks like Europe and Asia just stole all the dollars by patiently buying US stocks and bonds and are about to exchange them for yuan.
So how's the dollar going to work out for ya
:)
You guys kill me with this Russia or China will "save" Greece thing.
Where is Wenck?
Where is Steiner?
Chinese slaves, I mean workers, bailing out everyone!
Talk is cheap. But only a retard would believe it.
Crete could make a nice new Macau for the Chinese.......
https://www.youtube.com/watch?v=kH0wgJHUZeI
There is absolutely no reason to limit this to Greece. All of the indebted European states, including Italy, Spain, Portugal, Ireland and France should use this as a pretext to default on all of their bonds and Target2 imbalances owed to the ECB (Germany). They could borrow enough from the AIIB (China) to fund their current defecits until they could get their economies in order. The debt relief would provide a huge boost and they would be off to the races. Unfortunately, the EU would be bust and Germany would be in a WORLD of HURT. The Russian sanctions would be dropped by everyone in Europe in a heartbeat.
I will disagree slightly
Africa is where China is going to put their resources into. Greece has Mediterranean port potemtial. But Tsipras couldnt even say no to sanctions renewal. So no way he has the stones to do that
Africa: oil, rare minerals, copper and most importantly farm land
The Chinese dont economically rape and pillage the countries like the IMF and World Bank.
Gabon, Sudan, South Sudan, Ethiopia, Zaire/Congo. china is already big there. Building infrastructure
China has bought the Australian politicians already...so it is Australia
Guys, is it beginning to dawn on you this has little to do with finance and economics but with geopolitics?
US and UK do not want Greece orderly in the sphere of influence of a mighty EU. China does. The Europeans still think or pretend this is about technical-economic issues. It is not.
downvote me now
I said that weeks time ago. check it out.
Do you think Tsipras is playing this up big in the Greek Media? And do you think the Chinese Cornucopia has more bounty to spill out to the good citizens of Greece tomorrow and Saturday?
Contact me for moar popcorn.
"I said that weeks time ago. check it out."
Even a broken clock is correct twice a day. Just kidding
That's true, pp, a broken clock is correct twice a day.
But a slow witted clock is never correct until it's set right.
Let's see, if China is just kidding about the South China Sea.
I have been called many things, but never a slow witted clock, :-)
You worry about the SCS ? You must be living on the Spratleys ?
Did I call you that? I must have forgotten some piece of punctuation.
I worry about the maniac necons in powerful positions at the Pentagon and State Department. All the terror in the world is derived from them.
Does not matter what you call me.
And this is how you deal with neocons :
http://thecolbertreport.cc.com/videos/u54lrz/bill-kristol?videoId=63216
What if I called you lambkin. Would that matter?
I clicked on the link and the bad news was that Bill Kristol was sitting there.
The good news was there was NO SOUND.
Thank you, Jesus.
slow witted cock?
wait oh I had to squint.
And an Apple watch only works for three hours before you have to plug it in
Tsipras is a prick tease. he'll flash his beaver at Russia and China just to get a few shekels knocked off his bill
He would rather stay in an abusive Euro marraige
To finish the analogy. he's like Ray Rice's wife taking a punch in the elevator
What if these Communist Greek Government leaders know that EU/NATO/USSA will do anything to get him out of office in a way that will cripple the Communist/Socialist Party in Greece?
What if he knows he has to take all the abuse and come out on top.
Yeah, the people may fight a move to China & Russia too. So it has to look like a business deal. Has to be couched in Capitalism and Greek Power.
Knowing that EU/NATO/USSA are coming for him, what tools, weapons, alliances can Greece Secure for it's own Sovereignty??
- Military Training or Weapons
- Industrial Training, Investment in Oil & Gas Terminals, Container Terminals, New Rail-head on and off loading, Rail Lines, New Port Maintenance, Servicing, Off Loading or Storage Capability
- Assets, Credit, Debt, Labor Force, Tax Revenue, Oil & Gas Fees or Revenue, Port Operation Revenues?
Greece has to play the game, even if EU Creditors/Banks/Troika say Greek Credit & Investment is no good.
Russia and China are very happy to help Tsipras and the people of Greece get the best deal they possibly can.
as long as they permit the Eastern Alliance military and naval stations in Greece. AND the construction of a pipline from the Black Sea to Bulgaria
Syriza and Tsipras had much more support from China and Russia than from any other quarter and Tsipras hasn't had enough time to have learned Western ingratitude.
You underestimate Tsipras.
to finish your analogy, wasn't it the unguents and speedos of Russia and China that gave Tsipras the confidence to stand up erect and tell Merkel and the Rhinemaidens what they could touch and what they could not?
.
that is funny..
Let me tell you what's REALLY going on...
Forget it. It's all bullshit I made up anyway.
The fact is that there are circumstances that are known only to the participants and they would not release that information anyway.
Might as well try to describe Bruce Jenners new pissflaps.
Pure speculation.
Wrong. A lot can be inferred.
But if you want to be really strict : not even direct participants like Tsipras know or understand "everything" that is going on.
People act on the information they have, however limited. Your attitude is defeatist.
If this happened I would go buy some me Chinese attire and sport them everywhere I go around.
They just got hit with a 6.1 earthquake. I wonder if there is a connection.
Probably ALGORE and bill Klintoon hanging out in a bhuddist temple.
China is upto its eyeballs averting an economic implosion. All these "silk route" intiatiatives, etc are bravados long in gestation.
What a stretch to parlay an opinion by quoting an inconsequential Chinese official. Greece is also not a major trading/investment partner of China and there goes GS spin.
Well wonder how many ways we can describe the Crisis or type of Crisis?
-
- Government Debt Crisis
- Private Greek Bank Crisis
- Now Business Crisis, since Capital Controls have shut down Banks, 30% of all Businesses shuttered in Central Athens, Riots & Protests also lead to shuttered businesses, Tourist are not coming, Economy suffers Russian Sanctions Wider EU Recession, Credit Problems between Businesses, GDP Collapsed like 30% in this EU Recession
- National Tax Revenue Crisis
- Corporate power Crisis, Transnational power to conduct business while smaller domestic businesses can not
- Investment Crisis
- Political Crisis?
- Banking Corruption Crisis, EU Wide
- Troika Disfunction/Corruption/Stagnant Economy/Austerity Crisis
- EU Investment Crisis, some states worse than others
- EU-NATO Too Much Power/USA Too Much Power Crisis, over Banking, Financial Ratings, Investments, Business Environment, Financial Standards
I mean the simple minded press who don't ask questions barely get into details about where the debt is, who caused it, who signed up for it, what they bought/got for the money, how they might have been swindled by Banks or Development Companies.
Greeks paid for EU Military Taxes, perhaps they are heroes.
Perhaps Unity in the EU & the USA means that Bankers are allowed to go after Detroit, the state of Michigan, Chicago, Greece... as corporations have power over Sovereign Cities & States... they can pick the losers.
Such as shame about those Dirty Wars and Military Juntas in South America... We can't help you get money from your Oligarchs or Haciendados. We can't help the people get easy credit on good terms, since these are not our functions.
Perhaps Greece should Sue in Dem Hague?
There are at least 2-3 International Courts?
UN might be Owned by the USA, so perhaps a different Venue.
Late Add:
I forgot the Obvious one: Democratic Crisis.
Since Greece has had communist party members since at least 1945, the USA has taken Legislative Action to fight this Communism in Turkey & Greece in 1947 beginning in 1947.
If EU doesn't like Communism and is trying to interfere with Greek Elections this is Anti-Trust/Anti-Sovereignty Activity.
Cool. Better them than us...
I'm sure a another loan will do the trick.
SOLLY GLEECE BELONG XI. WE BUY DEMOCRACY WHICH WORSE THAN CONFUCIOUS
*Ring*
BH: Hello?
Vlad: Vlad here, buttboy!
BH: What do you want now, Vlad? I gave you Crimea.
Vlad: Cryme a river, rainbow man! Crimea has always been Russian! I need the specs on all the NATO air bases in Greece.
*click*
Reggie: Another 'prank' call?
BH: Uhh, yeah.
In your skit is Reggie greecing his skids?
*ring*
Bath House: Hello?
Xi: Xi here, blowboy! Howzit hangin?
BH: What do you want, Xi?
Xi: Have orld yello walm up plinting pless! I cash in USTs for Gleece, hahahaha!
*click*
Reggie: Who was it, Munchkins?
BH: A prank caller.
Shit just got real...
http://www.telegraph.co.uk/finance/economics/11714655/Greek-banks-down-t...
Am I dense..? Why is nobody commenting on Germany?
They are the largest non-regional contributor to the AIIB and fourth largest overall. Obviously, the irony of them implicitly bailing out Greece (who has defaulted on the IMF) isn't lost here...but I'm just curious as to the lack of commentary.
To me, this is one more very telling sign that Germany is hedging their bets and very much considering a break from Washington. The instant US hegemony becomes wobbly, don't be surprised to see Germany jump ship...
No brainer to me.
Look Mr Tsipras, just sign here and here, then all you have to do is tell those wankers to fuck off, that your defaulting and they need to figure another way to get 330 billion back, assign the assets for those loans over to us, and by Monday morning we will pop 50 billion into your account.
And just to make the deal sweeter we will give a one year interest payment holiday and we a signing on bonus of 5 % to cover your expenses of course.
That way you save 280 billion and get a new gas pipeline too
And we can give everyone in Greece a brand new Xiaomi smart phoneif they promise to vote NO
Hows that.
Bingo
Actung!! All EU citizens must be Good Germans and applaud the lunatic austerity policies designed by Herr Schauble.
Well, of course Schaeuble's policies aren't very good economics. He's a LAWYER, trained in professional accounting ethics, not macroeconomics. He hasn't the faintest idea what he's doing. Which is why he loses no opportunity to insult Varoufakis, who is the only one in these meetings who actually knows what he's talking about.
And at the same time China's Ponzi markets are crashing hard tonight, despite government efforts to keep Humpty Dumpty from splattering.
And so it begins.
Hold onto your hats kiddies...
Russia-China axis is very opportunistic - and very strategic in their thinking when it comes to geopolitical games.
Already they are sitting in the driver seat regarding Greece and the euro union - why do you think Greek officials are so adamant and confident in their standing up to the Troika? Because they've received secret assurances from Russia-China, that's why.
This is a most important geopolitical game - the stakes are enormous - it goes far beyond Greece, but Greece is the latest battleground where this is being played out. Russia-China wants Europe in their camp, not in the U.S. camp, and they are demonstrating very powerfully how they can turn Europe into a finacnial/social shit-hole if they want to, via a Greek rupture of the euro.
Their price for not producing that catastrophic rupture? Europe must align with Russia-China, which is in their best interests strategically, and stop waging war on the rising powers in the East.
This geopolitical game is assuming incredibly interesting proportions!
Watch closely the checkmate Russia-China will achieve!
Secret assurances of what? Assurances to stuff their money up the same hole they stuffed everybody elses money? Greece is going to have it hard either way. If they stay they face austerity, and if they leave they face austerity.
China is for EURO zone:
Li: China wants Greece to stay in euro zonePremier Li Keqiang's visit to Europe comes as the Greek debt crisis reaches a crucial point. The premier said that China would like to see Greece stay in the euro zone, and he also showed willingness to play a constructive role towards that end.
"China has made its own efforts to help Greece overcome the debt crisis. And for several times, China has taken real actions to respond to the concern and requests from the Greek government because we hope Greece will do well and hope to see a united European Union. That is why China wants to see Greece stay in the euro zone," Li said.
http://english.cntv.cn/2015/06/30/VIDE1435656605808993.shtml
This is sad....now an even BIGGER dick wants to root around in Greece's poor abused asshole! And the sad thing is thay are happy to bend over for SOMEBODY, ANYBODY!
Jesus Christ.......get some testicles! Fuck......what did you do before?
Grow some vegatables and raise some fucking goats for a few years teach your kids how to code and raise food and tell the EU to FUCK OFF and send an e-mail to the US and tell them the same thing.
world needs a new start and I'm not supporting the chinks....I run to small villages run by humans!
Here you go agin NSA........ Fuck you NSA and Amerika.....capitals here for you so you can read.....FUCK YOU YOU ARE THE TERRORISTS EVERONE HATES AND YOU KNOW IT. WE ALL HATE YOUR FUCKING TRATIOROUS GUTS. THAT DOESN'T MEAN THAT i CONDEM OUR TROOPS.....NO, THE GREATOR CRIME IS THAT YOU USE OUR TROOPS TO WAGE YOUR CRIMINAL ENTERPRISE. DUDE, YOUR READING THIS?....YOU GOT FAMILY? SUCKING SHIT TRYIN TO GET ALONG WHILE ALL THESE COCKSUCKERS RUN YOU AROUND AND TELL YOU HOW YOUR GREAT, KILLER CANNON FODDER AND LOOK DOWN ON YOU AND ME, AND, WHILE YOUR BULLSHITTEN, AND i'M LILLY, BITCH! tHESE PIGS DON'T CARE BOUT YOU...WAIT TILL YOU TRY AND GET A JOB AS A.........FUCKING EX-TANK DRIVER....UBER FOR YOU $ 4.00 HR PLUS TIPS......YEA FER YOU BRO, WELCUM 2 MERIKA, BITCH THEY GOT NOTHIN FER YOU. i KNOW....I'M OLD. THE ONLY SEMPER FI YOUR GONNA GET ROLLIN IN THE STREEST WITH THE REST OF OUR "HEROS" WHO CAN GET JOBS AT mCDONASHITZ FOR MAYBE 12.00 HR. SOME CAREER. yOU'VE BEEN CHEATED FULL ON!
WELCOME HOME TROOP, THANK GOD THAT YOU MADE IT BACK FOR YOUR MOM, COUNTRY AND YOUR FAMILY. jUST KNOW....MILLONS OF TRUE AMERICANS, JUST LIKE MILLIONS WHO WORKED ALL OF THEIR LIVES TO MAKE AMERICA GREAT AND NOW THES CRIMONAL ARE STEALING IT AWAY FROM YOU AND YOUR FAMILIES.
I THANKED A SAILOR TODAY FOR HIS SERVICE. NONE BETTER IN THE WORLD, BUT SERVING A MONSTER.....WE HATE YOU......YOU HAVE TO KNOW THAT.....WE, ALLLLLLLLL HATE YOU US CRIMINAL GOVERNMENT....EVEN THE TROOPS, DEEP DOWN AND KNOW WHO YOU ARE AND.....FUCKING HATE YOU....TIME'S REALLY COMING....TROOPS FIND YOUR FAMILY AND USE YOUR TRAINING. pROTECT THE ONES YOU LOVE!
STAND STRONG FOR AMERICA, NOT THE CRIMINAL AMERIKA WE ARE CAPTURED BY!
THE TREE OF LIBERTY IS NEARLY DEAD AND CRIES FOR SUSTANANCE!
Well, from your post, I'd say that you're a little upset. I'm not mocking you...I do appreciate you taking the time to express your frustrations as they are mine as well.
Anyone who has served in the U.S. Armed Forces in the last two decades is either:
1) A blind fool
2) So desperate for a job that they'll do ANYTHING to get paid
3) Not desperate, but willing to be a hired thug for whoever's got the cash
4) Working from the inside to bring them down.
There are no Captain Americas any more. Anyone with intelligence who joins the Armed Services does it to serve him/herself. And the odds are still good that he/she will be the one who ends up betrayed.
DUP
And as I said before all loans must be backed by strong collaterals such as
Gold,
Land,
Mines
etc.
Whaaat? They want to solve problems created by debt with more debt?
Bitcoin and PMs are the exit.
http://albainternazionale.blogspot.it/2015/07/sousse-falsa-bandiera-e-la...
The only way the Chinese (or Russians) will bail Greece out is after they have defaulted. Neither country will pour money into the ECB or IMF to pay back loans. They will bail out the Greek population not the financial institutions.
And they'll be doing it from a position of "WHAT'S IN IT FOR ME"
China wants to give them more loans they can default on, and that is going to some how lead to Greek or Chinese prosperity? It looks like China learned how to be a world power from us, so they are inevitably doomed.
Yes China wouldn't come to aid Greece until after they default, to help them recover with a drachma.
echo
How do you say Deus Ex Machina in Chinese?
China doesn't have to spend more than what it costs to make a 10 minute phone call on Monday 6th July 2015 to the ECB to come to Greece's aid and serve their own interests directly.
The conversation would be on the following lines.
Zhou Xiaochuan (President of the People's Bank of China): Mr. Draghi, riddle me this. One of our companies has a cheque pending clearance on a Greek bank. He called the bank to know if the issuer is good for the amount and the bank confirmed that he is. But the same bank claims it cannot clear the cheque because of liquidity problems. Is the bank solvent?
Mario Draghi (President of the European Central Bank): Yes, it is.
Zhou Xiaochuan: Is it under your supervision?
Mario Draghi: Yes, it is.
Zhou Xiaochuan: Given that we both know you are a Central Bank and you exist to provide liquidity to solvent banks under your supervision, why exactly would this bank have a liquidity problem?
Mario Draghi: Because their government is has defaulted on its debt obligations.
Zhou Xiaochuan: Oh, I see. Does this bank have an exposure to the Greek government debt making it likely insolvent?
Mario Draghi: No, the bank has no exposure to its government's debt and its solvency is not impacted by the default.
Zhou Xiaochuan: So what is the problem again?
Mario Draghi: Our rules require that we provide liquidity to a National Central Bank (Bank of Greece in this instance) only after an underwriting by the national government. It is the NCB that provides the liquidity to the different banks in that country.
Zhou Xiaochuan: Is the Greek government refusing to underwrite the liquidity assistance?
Mario Draghi: No, but they are insolvent.
Zhou Xiaochuan: Is the underwriter being solvent a condition for the liquidity assistance?
Mario Draghi: No, it is not.
Zhou Xiaochuan: Then what is the problem again?
Mario Draghi: There is uncertainty. Greece may choose to leave the Eurozone. If they do, all the liquidity we provided would become debt that we will be forced write off. Knwoing Greece is in debt default, I can't extend any further liquidity
Zhou Xiaochuan: But the government is very explicit that they want to and will remain in the eurozone. There is no uncertainty about that.
Mario Draghi: Others in the Eurozone/European Union don't like Greece. They may kick them out. Whether their exit is voluntary or not, the end result is the same as far as we are concerned.
Zhou Xiaochuan: Is there a legal way for a member to be expelled from the EU/EZ?
Mario Draghi: Yes, if they break any of the treaties, they can be expelled from the EU
Zhou Xiaochuan: Has Greece broken any?
Mario Draghi: None yet.
Zhou Xiaochuan: So what is the problem, again?
Mario Draghi: We have limits on how mcuh liquidity we can provide to each NCB.
Zhou Xiaochuan: Are these limits fixed?
Mario Draghi: No, we can change them with a 2/3 majority vote in the governing council. We have done it several times.
Zhou Xiaochuan: So, what is the problem, again?
Mario Draghi: The Greek government owes a lot of money to a lot of people including us. They are not agreeing to the reforms we are proposing. Shutting down liquidity to their banks will make them rethink their tactics.
Zhou Xiaochuan: Let me get this straight. You are refusing to provide liquidity to solvent banks under your supervision, the very reason for your existence, after they and any intermediaries like the NCBs have fulfilled all the requirements for it, in order that you can strong arm the people and government into submission?
Mario Draghi: I won't put it that way.
Zhou Xiaochuan: I will. Does this ability of the ECB to cut off liquidity to an EZ country apply only to some EZ countries or all? Does anyone on the governing counil have a veto?
Mario Draghi: No one on the governing council has a veto. With a 2/3 majority we can alter the liquidity assistance cap regarding any country.
Zhou Xiaochuan: So there is no eurozone country whose banks can't be cut off from liquidity, if 2/3 members of the governing council of the ECB decide that is a leverage to be used against the people or the government?
Mario Draghi: Greece is not an exception. Whatever we can do to Greece we can do to any EZ country.
Zhou Xiaochuan: Even if the government is solvent?
Mario Draghi: Well we already agreed it doesn't have anything to do with the solvency or otherwise of the government.
Zhou Xiaochuan: So you are telling me, you can stop me from moving my funds from any EZ country, if you believe cutting off liquidity to that country suits some other purpose completely unrelated to central banking?
Mario Draghi: We have the power, but that doesn't mean we will always use it.
Zhou Xiaochuan: OK, thanks for the clarification, We can't risk our funds getting locked, because you can and wish to use liquidity supply as a weapon againt countries and peoples. We will immediately start selling euro denominated assets and selling the euros to buy other currencies. I will also advise all Chinese exporters to stop accepting payments in euro after clarifying the extreme risks of holding euro denominated assets or currency deposits in eurozone banks.
Mario Draghi: Wait, that'll be very bad for the value and stability of our currency on the currency markets!
Zhou Xiaochuan: Why is that my problem? If you want a stable and valued currency, I would expect you to act like a Central Banker. For example, you could immediately increase the liquidity cap for Greece and continue to do it as necessary and in time make an explicit statement that all solvent Eurozone banks will receive as much liquidity as is needed and whenever it is needed no matter what the state of finances of the country's government is and what political decisions the people make. That will assure us that our eurozone assets are safe.
why not,rothchilds bought most of Europe at the fire sale, during, and after ww11, don't let a crisis go to waste, Russia may throw In a few billion for a vote on the eu board, Greece will get protection, access to emerging markets, food, trading partners world -wide, and when the sdr's come about, it will be like in the seventies, the Japanese car makers will run gm out of china,
hell greece could becom the new silicon valley, when Europe, Russia, and china keep buying less, and less, of the nsa stealth American spy computers. and 10 yrs from now the brics countries population says google, face book,twitter, yes we seen those names I our history books, the Americas used to have those.
Risible at this point. It's all rigged & the Anglo-Saxon Power structure is at risk & more exposed thatn ever. They want an out & want control. They all belong to same Masonic Lodge China / US / Russia.
The Pagan Roman Catholic Church of hypocrocracy is the wealthiest & most powerful institution & it needs to be put down for good. They have been lying since at least Council of Nicea lied about Christianity & convoluted it for control. The Sumerian Pine Cone tells us the Pineal Gland is the key & since Nazi SS (Sedes Secrorum / Knights of the SS) the Catholic Church has tried to manipulate mankind & humanity w/ it's dis / mis information while worshipping another deity. This needs to end & they all need to be swingin @ Nuremberg 2.0.
Bring in more Alien Clowns, Pagan Papal Tiara's, Flouride contaminated Pineal's & Alzheimer's victims, Sumerian Pine Cones & Media Propaganda !