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ECB To Keep Greece On Hold Until Wednesday When Balyasny Sees Rioting Begin
As we have repeated since January, and certainly on numerous occasions over the weekend, at this point the only variable is what the ECB will do: will it give insolvent Greek banks more aid, or will it increase its ELA collateral haircut (or even withdraw it altogether), the ramifications of which action would have a dire impact on contagion within the rest of the periphery but most certainly on both the Greek financial system as well as Greek society which is now facing an indefinitely period of capital controls.
A quick reminder: this is how we laid out the dynamic between Greece and the ECB in on January 31, which 6 months later, has played out precisely as forecast:
... today the ECB's Erikki Liikanen, tired of pleasantries and dealing with what to Europe is a completely incomprehensible and illogical stance, one which is essentially a massive defection by Greece in the European "prisoner's dilemma", and which while leading to a Greek financial collapse and Grexit - both prerequisites to a subsequent Greek economic recovery unburdened by the shackles of the Euro - would also unleash a European depression, came out and directly threatened Greece that it now has 1 month until the end of February to reach a deal with the Troika, or else the ECB would cut off lending to Greek banks, in the process destroying the otherwise insolvent Greek banking sector.
And since only the ECB backstop has prevented a banking sector panic, the ECB is essentially betting the house, and the sanctity of the Eurozone (because after a Grexit all bets are off which peripheral leaves next) that the threat, and soon reality, of a bank run (at last check Greece had about €145 billion in deposits still left in its bank after JPM's latest estimate of €15 billion in outflows in January) will finally force Varoufakis and Tsipras to sit at the negotiating table with the understanding that not they but the Troika has all the leverage.
As a result, everyone was waiting to see what the ECB's decision would be at today's latest ECB governing council meeting.
Moments ago Bloomberg leaked that the ECB will not get involved and will neither hike nor cut the ELA collateral, knowing full well the continuation of the status quo is a countdown to total financial sector collapse for Greece.
- ECB SAID TO SEE GREECE COPING TO WEDNESDAY WITHOUT MORE BANK AID
More from Bloomberg:
The European Central Bank reckons Greece’s financial system can survive until at least after Tuesday’s summit of European leaders without an injection of extra liquidity, people familiar with the matter said.
The Governing Council may consider keeping the existing 88.6 billion-euro ($98.1 billion) assistance in place long enough to judge if Greece and its creditors can come any closer to agreeing on the country’s debt financing, the people said. The council is due to hold a conference call at 6 p.m. Frankfurt time on Monday, said the people, asking not to be named as the matter isn’t public. An ECB spokesman declined to comment.
The ECB may consider evidence of how political discussions are progressing, including a call of euro-region officials taking place before governors are due to talk, one of the people said. The ECB’s bank-supervision arm is scheduled to hold a telephone conference after the Governing Council call, another person said.
Promptly followed by the logical:
- GREECE EXTENDS BANK HOLIDAY, CAPITAL CONTROLS TO WEDNESDAY
Why Wednesday?
Because as Colin Lancaster, senior managing director with Balyasny, told Bloomberg earlier today, the Greek voters’ rejection of international bailout “sharply increases” probability of euro area exit.
That was not news. What was news is his estimation of what happens in the next few days: "We now have another 48 hours of calm before things really start happening", and the punchline: "situation could then break down as banks stay closed, ATMs will run out of cash Tuesday or Wednesday, uncertainty grows and rioting possible."
But don't worry: social unrest in Greece is bullish because according to the Balyasny MD, a "Fed September rate cut probably off the table" which in a world where fake markets indicative of fake confidence in artificial asset values is all that matters.
And while we hope that his forecast is completely inaccurate, recall what people "on the ground" said a week ago: The Mood On The Ground In Greece: "Some Have Raised The Prospect Of Civil War."
We can only hope they are wrong too.
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Defy the blood-sucking vampires and you will have consequences such as rioting. Or a military takeover.
Once you invite them in, you have to steak them through the fucking heart...then through the eye just for good measure.
RIPS
Print Euros like MAD!
that's right ... smoke them out and make them BEG for indentured servitude.
YV stepped down. What's with that?
This article overlooks the obvious: that the BRICS Summit is on Wednesday. The globalists are keeping the music playing till then so people won't panic. http://redefininggod.com/2015/07/globalist-agenda-watch-2015-update-56-p...
WHAT PART OF "FUCK OFF" DOESN'T THE ECB GET!!!?
Sheeesh
Did anyone think that the will of the people meant anything to these monsters?
Do you know what the first thing and last thing the Poles said to the Germans the day before the Blitzkieg?
Fuck you.
The ECB can just keep waiting while Greece moves on with life. They should print up those Euros denominated in 20's and big black india ink stamp them over with 10's, 5's and 1's to get smaller denominations. Fuck the EU. Make due and use their bullshit currency as your please. Mwahahahahaha
The believers in fiat money must not be paying much attention. Here we are 8 years past a point where many thought the Euro was going be an equal or even topple the US dollar as a reserve currency and we not only see the Euro on the brink but hear stories of a member state printing them unilaterally with no collateral. Anyone who would argue that precious metals should not be held in a portfolio, and there are a lot of them, has their head in the sand.
Mission Accomplished: EURUSD ramped back up to unchanged from Friday
Banks: we produce nothing s but suck the life out of you.
I wonder how many people on here that recognize that banks are parasites use a credit card on a daily basis, sucking 3% out of everything.
double post..
Tyler - has there been a newer version of this article (Feb) posted ?
"This Is The Biggest Problem Facing The World Today: 9 Countries Have Debt-To-GDP Over 300%"
It may become go-to guide for "Watching Domino's Fall for Dummies"
News Translation: 'We better provoke riots so we can use that as an excuse to clamp down on this Freedom idea of the serfs. If that doesn't work, we can always call Greece a 'terryist' stronghold and send in the U.S. military.'
You're conveniently forgetting that Greece is actually saying,
"FUCK OFF!!! BUT KEEP GIVING ME YOUR MONEY ANYWAY!!!"
Yeah exactly. The banks have offloaded all their toxic Greek paper to the tax payers. Maybe this time the politicians wont be able to convince the public to give them one more chance. To be certain Greece will run deficit budgets forever ( as all elected governments do ). The only question left is how soon will GS be back in Greece helping them raise money for the children...
He's not ready to be suicided, more than likely. Hillary can explain.
I'd print drachma for Greece's ATM's then print Euros and drop them from a cargo plane all over brussels.
They deserve it for deliberately inciting riots abroad, karma's gonna be a bitch on this one ECB just stay tuned.
The people will be too stupid to understand that it they are indentured servants.
The Master is planning to beat and punish his slaves for insolence.
But they love that master with a velvet glove and an iron fist.
That master feeds them as they sweat, shedding both blood and tears.
But the Master has to show them who is boss and cares not about how many of his slaves DIE or are injured as a result.
The Master is only concerned about the Master as he is a psychopath, ruling over the willing victims as he gives them crumbs from the table, table scraps, his GARBAGE.
Of course Slave Revolts have a chance to put a stake through the heart of that master and send the master to the HELLFIRE so rightfully deserved.
But the Slaves do not have the will or understanding to shed themselves of their shackles.
They suffer from the Stockholm Syndrome where they mistakenly believe that the psychopathic torturer is merely misunderstod and really stands for justice, mercy, and benevolence for all. That is sadly so far removed from the truth and the slaves are just delusional.
And if you really think that I was talking about Greece well...I was just writing about the TYPICAL AMERICAN and the US Government/Federal Reserve when writing this description.
But I guess that it can apply to Greece and the ECB in Brussels as well.
You need the moves of Jagger or Varoufakis, and decap them like ISIS.
The proper way is stake through the heart and then burn the body. The ECB is playing a dangerous game and apparently they don't understand that they may not be able to force the tide to recede. As far as I can tell, the only way for them to get rid of Greece is for Greece to voluntarily leave. The Greeks have demonstrated that they can be damned stubborn and if they are smart (yeah, I know) they'll drag them into the EU court and force them to publicly admit their true plans. I also wouldn't be surprised to see sympathetic protests in other countries.....
You don't think that the EU court will be very simpathetic to the EU's cause?
Any court case will be for show just like the American Supreme Court of late. It's all predetermined.
The EU court is a different kind of animal and they don't like anybody......
"Rate hike off the table"
No shit. I can hear it now ' we really wanted to raise rates, but events in Europe blah blah blah' like they were actually going to raise them anyway. Any semblance of normalization will bring back trillion dollar deficits in the US again.
QE to Infinity and Beyond!!!!
An important person with knowledge of the matter, who asked not to be named, said, “We’re screwed!”
Sources 'close to the matter' said, "However, the people need not be worried. No banker shall miss even one 7-course dinner."
You knew one way or another Americans were going to pay for a piece of the loss too. That's the nature of a centrally planned monetary system. It's kind of like insurance. But, the central planners buy the policy for you and change the premiums and terms whenever it suits them and their crony dependents.
It's not insurance, it is anti-insurance. We pay the premium and someone else gets the benefit.
Any real increase in rates upsets trillions in derivative positions. The banksters make all their money on derivatives.
I like how he's smiling as they tar and feather him. Totally changes the feel of the cartoon, makes it much happier - the goofy grin plus the folded hands make it look like he's absolutely delighted with the situation.
now ride him out of town on a rail.
and who is that pussy junksta?
- Ned
Turbo Timmay. He was told to by his master.
what is this, a weather report?
"about 70% chance of uncertainty, with some strong doubts and even rioting possible in some areas"
The banksters just want the money.
They don't care about the people, the riots, the property damage, any of it.
The historic levels of debt and derivatives vs. world GDP is at endgame. The banksters / elite will do anything to keep the ponzi running. People are just collateral damage in their endevors to CONTROL ALL.
I posted a couple of days ago I had a bad feeling about this. That the the No vote was already baked into the cake by the MIC in the Eurozone and that they were going to make Greece an example to the rest of the bad apples like Italy and Spain....even France.
And here we go. And what's more.....look for a speedup to the cashless system. That way, any nation goes out of the system, it becomes even worse for them. Look for some Scandanavian countries to be all cashless by 2020....the Eurozone by 2025 and America by 2030. All new credit card machines being issues to Eurozone retailers are now contactless capable. By 2020 by Euro law, ALL credit card machines will HAVE to be contactless or face fines. Increases and refinement of biometrics and high speed, dependable and ubiquitous wireless will also acellerate.
Then, the last nail and board of the NWO is complete. The cashless world, one in which near total control will be attained.
"Better Than Cash Alliance"
http://betterthancash.org/
"Use Your Veins for Payment"
http://www.abovetopsecret.com/forum/thread1008739/pg1
"Banks Considering Using Multi-Factor Biometrics"
http://letstalkpayments.com/banks-are-seriously-considering-multi-factor...
"Facial Blood Vessel Scanning for Biometrics"
http://www.gizmag.com/facial-blood-vessel-identification/28287/
"India Rolls Out Universal ID with Biometrics"
http://singularityhub.com/2010/09/13/india-launches-universal-id-system-...
This game can be easily beaten - if a nation is self-sufficient. The probability of your New World Order cannot be any higher than the probability of the Big Gov't pendulum swinging dramatically toward small tribes who are largely self-sufficient. A global supply chain has a number of externalities, and I still believe the cost of NRG extraction is upward sloping with time. OTOH, the incremental efficiencies from freight-forwarding and local distribution networks is fairly limited. In other words, delivery costs will soon be going up as a % of the value of the good/service being delivered. . .
I hope Spain, France, Italy, Portugal, Austria and Estonia start the process today. Should be a fun conversation Wednesday with that in the foreground.
RIPS
No need to mention Estonia, the totally proamerican state with american born president.
Ahem, Hungary and Romania, even if not on Euro, may still decide to exit the ensuing nightmarish obligations that may be pressed onto member states even if not part of EZ.
Switzerland to the moon (and in their tunnel bunkers)!
Rioting followed by military coup.
Or Russian and/or China to the rescue.
Pants shitting all around.
Greeks can print 20 Euro bills they can restock the ATMs with those.
Lancaster? Isn't he the business manager around there? He's certainly not a punter there.
the Dow reversed over 110 points and now is down only 47 points...
the phony paper prices of Gold and Silver r doing nothing...
HILARIOUS!
death to the MoneyChangers.
The EU has switched to full blown 'Greece suffering makes no one else want to leave our Union' mode. They're waiting and seeing how all of this unfolds hoping that Tsipras will get toppled in all the ensuing turmoil. Well, I wouldn' t be so sure, with every passing day 'they' keep waiting for proposals from Greece, chances that Greece will actually return to the Euro as before are getting smaller and smaller and I thought that's exactly what Brussels has been trying to avoid during the last 6 months.
No, they're just continuing the game of kick-the-can. The only difference being that whereas they used to kick it about once every 6 months, then once every 3 months, then once every couple of weeks, they're now having to kick it every day or so. But its the same game - no problem today, we're good until <fill in the date>, when the <fill in the event> will finally resolve this one way or another.
We shall see, more payments are due in the coming days with a big one looming on July 20th, it will become increasingly difficult to say Greece is not in a full blown default the longer this charade continues...
That sounds vaguely familiar - I recall hearing something along those lines for the last week or so of June. If the creditors refuse to force default, then there's no default. Since default would be catastrophic, they don't declare it, just move the missed payments into some kind of receivables column and carry on. The only ones who suffer are the greek population (at least those who were counting on access to 'their' money in the greek banking system. And since they don't matter, it seems there's been a collective global decision along the lines of 'fuck 'em'.
China/Russia will make the next move in the Greek tragi-comedy. The ECB is waiting to see the Communists bid. . .
In this way they will keep this country from being available on the market ala U.S. mortgage debacle.
If this keeps up the market will be flooded with broken ex-EU countries looking for buyers/bailers/banksters.
By keeping these countries in limbo for a number of years, the circus of cankicksterism will continue.
Eventually, printer fed gazillionaires with ill gotten deep pockets will pick them up for pennies on the dollar.
Greece is kind of interesting. It's like an entree. But I'm really holding out for the main course, a larger economy to fail. I'm excited about the U.S. 4.5 trillion on the FED balance sheet, FED rate at 0-0.25%, the end of a bull bond market, over valued stock market, the end of USD hegemony. To be honest, I can't fucking wait. China's central bank is fighting the market too. Fuck there is some money to be made if you have the connect. So many idiots in the world.
If I throw someone a book on corruption, politics, money, banking, etc, and they don't read it and promptly go back to their comfortable little television induced bubble reality of illusion, 'should' I really care when they inevitably get thrown in the plastic crusher?
How about I write and scream and protest and plead and nobody gives a fuck? If people prefer ignorance, apathy, despondence, indifference, normalcy bias and cognitive dissonance, mental lethargy, logical fallacies, then they can have it. You can't cure stupid.
Unless you're 5 years old, you'll die of old age before you see the collapse in the bond market. If there's one thing that's been demonstrated in the last 7 years, it's that for the guys who make the rules, this is truly a world of no consequences.
I had a former ollie north subordinate from an unnamed utah located 3 letter institution tell me exactly that last year, 'no consequences'.
I certainly would love to see that SOB proven wrong....
They have hired a bunch of chew lawyers.
Bullets, mobs, and hogs dont discriminate. When properly directed, they will destroy everything in their path.
It's wired.
They have hired a bunch of chew lawyers.
It's a good thing there's no 'default' occurring that might trigger some kind of horrible derivatives-driven chain reaction in the financial sector.
"A rose by any other name would stink as sweet"
The line between democracy and anarchy is 9 meals thick.
Democracy and chaos is 9 meals thick. Anarchy and chaos are not synonyms...
You know what happens when people are hungry? They go looking for food and not necessarily in their pretend borders Europeans prefer them to stay within.
Luckly the greeks are already highly proficient in stealing.
Starve Greece until the accept the blood letting. Classic barbaric rule.
We see that the EU is willing to commit economic terrorism against its own members. No different than a siege of an ancient walled city were you surround the city with troops blocking everything that goes in or out hoping to starve them out. Every so often you get a captive and start removing his skin in front of their gates and then catapult the dead body over the wall and tell them this is what happens to all of you who resist. Prayers to you Greek people, but you better get a battle plan and get it fast.
The IMF and EU are skilled economic terrorists.
A printing press, the people's future labor mortgaged ad infinitum, and economic terrorism is the source of their power.
Nice PROJECTION from a proponent of PARASITISM.
The real €urodebt $ong Contest winners!
https://www.youtube.com/watch?v=GXcLVDhS8fM
https://www.youtube.com/watch?v=Afl9WFGJE0M
Where's Katness?
Currently making MOCKINGJAY PART DEUX
How high can the dollar go?
How low can the euro fall?
He is a Grand Master chess player, their has to be a reason
Containment would be the next problem...
Of course they'll riot. They are Mediterranean mud-hutters.
Without emergency funding the Banks will stay closed. Safety Deposit Boxes are also now unaccessible. Leaving anyone who trusted a bank to hold any of their fiat or valuables, shit out of luck. The Germans will want to send a clear message that no help is coming in order to keep Spain, Portugal, Italy in line. Most of the EU south of Germany and Austria is bankrupt. The new Eastern members whom the EU has pinned such great hopes on are already mired in poverty and austerity. Seeking to add Ukraine as a bulwark in their expansion game, the EU is taking on the most bankrupt and corrupt state in all of Europe.
France is considered a bulwark state, but is itself in serious fiscal difficulty and about to be swamped with illegal immigrants. The UK is deeply in debt, buying it's own gilts to keep functioning and spending, blowing a housing bubble of epic scale, and the target for millions of Africans and Arabs eager to get the benefits of their welfare state before the borders are shut. With millions seeking entry, it is a matter of time before a crisis erupts on UK streets.
Does all this sound like a vibrant union?
It reads like a bunch of Low IQ types (brown folk) got scammed. Now they are envious of German (light folk) success.
After witnessing this, doesn't everbody want to get their money out of EU banks?!
Rioting on Wednesday sounds about right, Greeks swallow their pride by late Thursday, give in to the Germans completely by Friday at noon.
Should be a fun week!
It ain't over until Mr Putin's BRICS Bank lay their hand on the table..and then watch the €urodollah IOU petroscrip toilet paper get flushed out of the rigged market "capitalist" casino of the shaman banksters' Wall St sewer in the Potemkin Village of the Anglozionazi Empire of Chao$.
https://www.youtube.com/watch?v=OEvGQmGT_N8
Magical Money.
Like I said before. They will print enough to keep all plates spinning until they can be sure they fall on all of us. Even if they have to move the decimal point 3,4 or 5 places. It wont matter to them or thier friends who have unlimitted credit.
Banks and governments love this plan. Big multi nationals too. Why ? Because its the only way to power the gravy train.
If only we could mix the gumption of the Greek people with the vast arms of the American Citizenry...
wait for it, and that should be the arms and violent tendencies of the American tenant. Seriously, lot at the average american youth these days.
Nationalize the banks (but don't exit the EU ... how is that for heartburn?). Put Varoufakis in charge of the new nationalized Greek Central Bank. Jail all of the bankers that do not go along ... for as long as it takes.
This should be a lesson to EVERYONE what happens when you put the control of your money supply in the hands of power-hungry, greedy, parasitic, dirt-bags.
The Greek military needs to go after the banksters like Draghi.
Greece should immediately invoke Currency EUR-RUB SWAP agreement - print Euros & ship to the Kremlin! Take that Mario!
Russians air-dropping humanitarian crates of food, water and medicines by the end of month.
OK, Here's the plan:
The Greeks legalize pot. Tax it a bit. Put all those enemployed young people work work at bud-tenders.
I live in Colorado. Seems to be working out great here : )
Hemp would be a very good way to bumpstart real economic growth. They should have started five months ago.
Its very versetile as crops go. Many of the things needed for a healthy society can be made from it. Biodiesel,cloth,good rope,paper products and on and on. All grown in house with a rather low start up cost. Oh it is a soil improving crop too. Grow the hemp and use it in whatever way works best. Controling the inputs to build up an organic home grown economy changes the bigger picture in some very good ways. The biggest might be in just who can fund things. ie not just the banks.
The Greek tourist trade would see a real boom that should last.
Hemp is the anti monopoly crop.
Totally off subject, but the boyz over at Hacking Team got hacked. These guys sell some insidious software to a whole host of countries. Looks like they got their comeupins.
http://www.wired.com/2015/07/hacking-team-breach-shows-global-spying-fir...
http://www.theverge.com/2015/7/6/8899861/hacking-team-hacked-security-leak
10 thousand lucifer zionists hide in the caves as the world is destroyed by design.
heaven and earth will prevail.
Sadly the USA has a long history of arm twisting small countries that go rogue.Cuba has been under diplomatic and economic
quarantine since the Kennedy administration (over 50 years).This policy although necessary to deliver the Florida vote,has been
described as ruthless and counterproductive.Cuba was invaded (Bay of Pigs),the leader Castro faced many attempts on his life
(CIA,again) and nearly brought the planet to the brink of nuclear war.Over what? Control of Cubas' central bank,mafia casinos,hotels
and brothels? Control of the Coca Cola franchise,Cuba telecoms and so on? Health care systems? If you read about this example and
many others (the British Opium wars,the Americans in Vietnam) it begins to look like economic imperialism.If the Greeks wish to go it
alone they should send some consultants to Latin America to learn how to stretch their resources. When Iran fell to the Islamo-fascists
they suddenly found that all,repeat all,of their defense equipment was made in USA and required US manufactured spare parts.Another
form of control,and a profitable one as well.Greece has to be made an example of what happens to independent minded nations.
Greece will not be allowed to succeed anymore than Cuba or Nicaraugua or countless others that break from Wall Street,IMF,etc.
Well, that was incoherent and full of error, but it did take up some space.
OK Tyler!
When do the CDO's get rung up?
You ZH posters crack me up. Rioting? Civil war?
The whole problem of Greece will be papered over by the end of the week (can kicked).
Look at the markets today. Euro about the same, DJIA treading water, blah blah blah....
Pretty normal day.
If you take momney out of the bank and spend it at the local Greek market then the farmer now has cash and can buy your goods and labours. As long as nobody buys a fucking BMW they'll be fine.
The Greeks have decided it better to rule in hell than to be a serf there. They may change their minds later.
"The ECB is essentially betting the house, and the sanctity of the Eurozone (because after a Grexit all bets are off which peripheral leaves next)..."
I think this idea of others leaving is way overblown (for now).
The whole EU project is ego driven... no different to every war (hot, cold or financial) that has ever been fought... what amazes me is how the bullshit continues on in this Fiat currency, nothing is as it seems, upside down world.. Maybe the whole thing is a game/matrix of deception and the people are in a deeper sleep that we on ZH realise.
Regardless, I believe I woke from that sleep a year ago, got an alternative education on ZH and consequently got into gold bullion and now I want to give something back.
For those of you not actually in the physical metal .. I can highly recommend it.. because no matter what goes on in the EU Punch and Judy show... my stress levels reduced 90% knowing I have some bullion.
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They developed an incredibly lucrative affiliate marketing system to get their product to market... Its free to join at the basic level although if you decided to go all in to earn the highest commissions the buy in price is essentially peanuts... FFS my day job Personal Indemnity insurance costs more per month!!
The downside is it's more a mass education programme than marketing,,, because aside from ZeroHedgers the financial IQ out there is well down the trickle down economic cascade and those people need to be educated to get some AU!
I know there are lots of you out there that would love to get your hands on bullion and get the money to acquire it from actually helping some of the lambs lined up for the slaughter - We could actually be doing something worthwhile.
Check out my website www.teamramgold.com its only a simple website to give a snapshot of the programme, but feel free to get in contact with me and I'll show you an incredible system. It could be the most lucrative email you will ever write..
And yes OK I am pitching (a bit) but if you get the programme you will understand why.. I'm a capitalist but with a social conscience.
www.teamramgold.com
I looked at the site. Looks like a scam. Maybe it isn't, but when my scam detector goes off I always walk away. That system may have cost me some lost income over the years but it sure saved me from a lot of losses.
You need to find a way to make the system less scammy.
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Rioting...because that's just what savages DO.
Oh, but PLEASE DO *blame* the West/Bankers for the Greeks' own behavior; projection IS a classic sign of the mentally defective and ill.
I doubt that varofukis is thev leftie that he pretends to be.
"What Stinks about Varofukis and the whole Greek mess" Interesting read which might answer a few of the questions you may have!
http://journal-neo.org/2015/07/03/what-stinks-about-varoufakis-and-the-w...
What is rioting after all but demands by angry people to get something from somebody else? It may be the typical way things proceed under the circumstances, but remember that people are programmed to think that way. It is now up to the leadership to get in front of the people, and lay out a detailed plan of short and long term goals, to get things back on track. Destructive riots, which cause more damage, are simply an ally of the ECB. They jump in to provide a solution. But if done right, THE GREEK PEOPLE THEMSELVES ARE THE SOLUTION!
Nothing will happen. No riots, restaurants open etc. Tourists on the islands, holiday season, everything is just fine. What was the participationrate of the referendum? 62%?
Submitted by Tyler Durden on 06/29/2015 23:39 -0400
Who would benefit the most from a Greek civil war? Why the biggest exporter of weapons in the world, of course: the United States.
Not exactly true to quote an article from April 2015 "Two years ago, Athens signed a military-technical cooperation agreement with Moscow which brought significant arm supplies to Greece". //www.zapaday.com/page/event/827101-0/Greek-Defense-Minister-Panos-Kammeno....
and as I posted on Saturday.
The one scenario which everyone has seemingly overlooked, which in my opinion has a high probability in the event of a yes or no vote in the upcoming referendum. By their own admission the Troika has stated that it will take several weeks to re-establish a workable fluid banking system, which now is in total collapse. Assuming that the population, according to all reports is more or less split down the middle on the yes-no vote, 50% of the population is going to be very pissed off and given the propensity of the Greek people to riot, all hell is about to break loose. Either way the vote goes Tsipras, Varoufakis are history. (One down one to go)
When all hell breaks loose who is going to step up to the plate to restore law and order, none other than Greek Defense Minister Panos Kammenos. This is the Minister who in mid April of this year visited his counterpart in Russia andwww.zapaday.com/page/event/827101-0/Greek-Defense-Minister-Panos-Kammeno... and shortly before he left for that visit stated that Greece had a plan B if talks with the Troika failed to bear fruit. http://www.reuters.com/article/2015/02/10/us-eurozone-greece-kammenos-id... It just so happens that the BRICS will be holding their 7th summit meeting on July 8 and 9 in Russia (Timing is everything in life) which would then install Greece as a member and just happens to coincide perfectly with the newly launched BRICS Development Bank.
This is why I believe that Panos Kammenos will step into the leadership void, go to the BRICS arrange financing aid for Greece, hold an emergency election, install a new new parliament that will default on all Greek debt and in turn restore the Drachma, ratify the BRICS Development Loan and watch the European Union implode.
All a coincidence maybe, but I somehow doubt it. One thing I have learned about the relationships between the major powers USA, Europe, China and Russia is that the former two seem to act impulsively with very little forethought as to the consequences of their actions, and as a result are consistently, engaged in damage control for the fuck up's they create. Whilst the latter two appear to always be two steps ahead. Which only leads me to the conclusion that never bring a checkers team to play chess with a couple of Grand Masters.
Either way it wont take long to find out if I am right or not!
One other interesting point is that Greece is still sitting on $6,236,288,773 in gold reserves I wonder how they can bring this into play in the very near future.
Both Russia and China would love to get their hands on that. maybe sell euro hard currency in exchange for gold?
Keep spittin' Truth, Ken; plenty of similar expressions of Source out here are "tuned in" to the frequency you're broadcasting, to borrow a phrase from Century Club member (and possible CIA agent) Marshall McLuhan.
If you won't plug your own work, allow me to do so on your behalf, as Redefining God is a Deep Political tour de force not to be missed by anyone seeking the genuine in the synthetic manifestation of Reality we find ourselves precariously in:
http://redefininggod.com
Thanks for the link it is good to know there are like minded people who will look beond the obvious, and dig a lot deeper into the obfuscation presented by the MSM.
""Fed September rate cut probably off the table"" ... did you mean rate HIKE?
so the nazis want the greeks to riot over money and food shortages. sounds more like an opening for russia/china to make a eurasian connection with an air drop like the berlin airlift. the irony will be sweet enough for some special single malt.
Mr. Tsipras should address his nation -
"The dark side is trying to stir up riots in Athens by starving us of banknotes to refill ATMs and by hiring violent mercenaries as they did in Kiev.
I appeal to the noble and courageous side of Greek people - Don't fall for their tricks, don't riot, instead find a neighbour who needs your help and help them. And one or other of you write to me to tell me what you did. Please help each other as I try to help our country repair its wealth and preserve its dignity".
Looks like we need ourselves a good old fashioned CIA color revolution to keep out those evil Rooskeez
If your job is to "create" "money" out of thin air, I don't see how confiscating people's savings is going to help your credibility.
Get long guillotine manufacturers, beat the rush.
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But all of the main stream media outlets are saying the Greeks now have the upper hand...
ECB to Greece: Let them eat cake
COLIN WHO?
One interesting point is that Greece is still sitting on $6,236,288,773 in gold reserves I wonder how they can bring this into play in the very near future.
Both Russia and China would love to get their hands on that. maybe they will sell euro hard currency in exchange for gold? That would enable them to keep filling up the cash machines and thus stmying the euro blackmail squad.
How about Greece pulling a Ukraine "In May, Ukraine’s parliament passed a bill allowing a moratorium on foreign debt payments. The bill stated aim is to protect state assets in case of an “attack” from dishonest lenders, and to help the ailing economy out of crisis. If it works for the Ukraine why not Greece.
The ECB assumes that the Greeks will riot like the baboons of Baltimore destroying their own property and business.
I'm thinking not.
IMF, ready to help greece!, just send your gold to US as collateral...
Greeks should ask China for a huge tourism investment, to develop that industry arcoss Greece and the Islands. Not a handout, but real invetment in capital improvements. Russia should sign a deal to make Greece their Gas distribution hub for all southern Europe as the Black Sea Pipleline cross from Turkey into Greece. Greece should legalize all drugs except heroin and Meth. People wanting freedom to pop a pill or smoke a joint will move in and create business and demand. Be a place of freedom for businesses of a small nature. If you are small business, any taxes should be minimal for at least the next decade.
Greece, get creative, Fuck the EU. Think about attracting freedom loving people. Close the American Spy Stations, outlaw US spying on Greek communications. I think freedom will sell, all across Europe people are looking for a free place to live.
Maybe it's too much to ask, but if Greece went to real freedom, I think lots of new people and new business would come. If it got really free, I might consider going there with my money from 40 years of work and small business.
No way a "no" vote will cause this. Just say "no" to riots...