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The Biggest Winner From The Greek Tragedy
Long after Greece has left the Eurozone and Germany is using the Deutsche Mark as its currency, the people of the two nations, antagonized to a level unseen since World War II, will be accusing each other of benefiting more from the brief but tumultuous period of the common currency.
In reality, nobody had put a gun to Greece's head and told it to lever up, enriching local oligarchs and corrupt politicians, taking advantage of credit that was artificially cheap only due to the common currency and an implicit monetary, if not fiscal, union.
Germany, whose exports account for nearly 50% of GDP, on the other hand experienced an unprecedented exporting golden age, made possible only due to an artificial currency, the Euro, that was by definition created to be weaker than the Deutsche Mark and benefitted from any bout of weakness in Europe's periphery, such as the past 5 years.
The truth is, when things were good nobody second-guessed any decisions for a second, and since the rising economic tide lifted all boats, nobody cared.
And then the tide rolled out, displaced by trillions in bad loans and gargantuan mountains of sovereign and financial debt, which ultimately would lead to the first, then second, then third and then an all-out cascade of sovereign defaults.
Sadly, the losers - regardless of the propaganda and jingoist rhetoric - are the ordinary, common, taxpaying people of Germany and Greece (and every other European nation), who enjoyed a few brief years of artificial prosperity, which in retrospect was entirely due to debt, masked well by the "currency swaps" and other financial engineering concocted by banks such as Goldman Sachs, in clear violation of the Maastricht treaty which is now a long-forgotten memory of the founding ideals behind the Eurozone.
For every loser there is a winner, and in the case of Greece and its tragedy, just as millions are about to lose everything, a few not only made billions but quietly, under the guise of "sovereign bailouts" transferred their entire risk onto the taxpaying public.
They are shown in the chart below.
It is that transfer of private-to-public risk, which is also the main reason why the public debt of so many European countries, not only Greece, whose debt is record high despite a default to its private creditors in 2012 and where only 10% of bailout proceeds ever made it to the actual economy...
... but the entire periphery has soared in the last few years.
Inevitably, there will be many angry people, because what is about to come to Europe will be hardship unlike anything seen in generations. Our suggestion: before neighbor takes it out on neighbor, study the following map closely because just like Libor was an impossible conspiracy theory until it was a proven fact, what is happening in Europe was propagated and effectuated by one bank more than any other.
This one:
Or, one can ignore this as merely yet another conspiracy theory. And that's fine.
But there is one critical, factual loose end that has to be investigated.
Back in June 2012, the ECB, whose head was the recently crowned Mario Draghi who had less than a decade ago worked at none other than Goldman Sachs, was sued by Bloomberg's legendary Mark Pittman under Freedom of Information rules demanding access to two internal papers drafted for the central bank’s six-member Executive Board. They show how Greece used swaps to hide its borrowings, according to a March 3, 2010, note attached to the papers and obtained by Bloomberg News. The first document is entitled “The impact on government deficit and debt from off-market swaps: the Greek case.” The second reviews Titlos Plc, a securitization that allowed National Bank of Greece SA, the country’s biggest lender, to exchange swaps on Greek government debt for funding from the ECB, the Executive Board said in the cover note. From Bloomberg:
In the largest derivative transaction disclosed so far, Greece borrowed 2.8 billion euros from Goldman Sachs Group Inc. in 2001 through a derivative that swapped dollar- and yen-denominated debt issued by the nation for euros using a historical exchange rate, a move that generated an implied reduction in total borrowings.
“The Greek authorities had never informed Eurostat about this complex issue, and no opinion on the accounting treatment had been requested,” Eurostat, the Luxembourg-based statistics agency, said in a statement. The watchdog had only “general” discussions with financial institutions over its debt and deficit guidelines when the swap was executed in 2001.
“It is possible that Goldman Sachs asked us for general clarifications,” Eurostat said, declining to elaborate further.
The ECB's response: "the European Central Bank said it can’t release files showing how Greece may have used derivatives to hide its borrowings because disclosure could still inflame the crisis threatening the future of the single currency."
Considering the crisis of the (not so) single currency is very much "inflamed" right now as it is about to be proven it was never "irreversible", perhaps it is time for at least one aspiring, true journalist, unafraid of disturbing the status quo of wealthy oligarchs and central planners, to at least bring some closure to the Greek people as they are swept out of the Eurozone which has so greatly benefited the very same Goldman Sachs whose former lackey is currently deciding the immediate fate of over €100 billion in Greek savings.
Because something tells us the reason why Mario Draghi personally blocked Bloomberg's FOIA into the circumstances surrounding Goldman's structuring, and hiding, of Greek debt that allowed not only Goldman to receive a substantial fee on the transaction, but permitted Greece to enter the Eurozone when it should never have been allowed there in the first place, is that the person who oversaw and personally endorsed the perpetuation of the Greek lie is none other than Goldman's Vice Chairman and Managing Director at Goldman Sachs International from 2002 to 2005. The man who is also now in charge of the ECB.
Mario Draghi.

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Gold, bitchez.
Goldman Sachs are bitches.
Fixed it.
They will re-negotiate new deal pronto
Lather, rinse, repeat ...
Same old boring "kick the can" story
That's the way I see it.
I've always seen Goldman as LONG the euro project not shorting it.
The investment banking revenue from the "Union" has been...or at least was...stupendous for them.
Now they're "twisting in the wind"...reputations shattered, partnerships destroyed.
They certainly haven't been good for New York and right now they look like a liability for Wall Street.
Everyone of them has become a symbol for pure financial evil.
Now they can all but watch as their greedy euro dream turns into a ....
NIGHTMARE!
Mario Draghi is a criminal. Criminals take without conscience, consequences, or guilt.
Fuck him.
Wait..., it must just be a mistake...
The EURO project was solely a banker led expansionary project, whereby they could expand their western-based tentacles into other jurisdictions, legally I might add, totally under the radar and without dispute.
Once in, sanctions, bailins, MBS piled on BS, CDS, Swaps, etc... could all be amplified. And get this people: All of the western banks like GS, BAC, Shitty, HSBC, and Merrill could all invade foreign countries usurping the financial industry without ever firing a shot, putting a soldier on the street, or starting a humvee.
People need to wake the fuck up. The bankers are the evil one. They have been grabbing all that is on this earth, its resources, commodities, wealth, transporation lanes, labor, and nations without any regard for national boundaries. It is also for that reason why these prics are so scared of the system imploding in one nation, because once one nation falls, so does Kansas.
Listen. So here we are, contemplating if Greece will leave while Draghi sits on his throne like King David, issuing dictums and ultimatums.
If you think anything will change for Greece or France or Spain while Draghis' heart still beats, you're a fool. As we just witnessed, even voting produces zero change because they are grabbing on full tilt. It's been almost 48 hours now since a "historic" vote took place, and what do we have? Are rights being respected? Are choices being heard? Are votes being honored?
Nothing is going to change for the people until one of these mofos hangs publicly.
Squidwrexit
draghi - long may he cower
The biggest winner is me. I get to talk to you lovely people about the upcoming bailout. Greece ain't going nowhere. Deal with it.
My opinion exactly.
They call it conspiracy theory; I call it rational conclusion based on current facts and history. You may get some things wrong by doing your own research and trying to determine what these yahoo’s will do, but it’s better than paying attention to the MSM and being led in the complete opposite direction from the truth.
The caption to Mario's picture should be.
"Bwahahahahahahahaha"
You know what you asshole. go fuck yourself.
THAT'S WHAT THEY WANT US TO BE....ZOMBIES or PUPPETS!!!NOT ME, I RESIST. MANY WAYS TO SKIN THE WELL DRESSED GEEKS THAT THEY HIDE BEHIND THEIR FINGER THEIR EVIL DIRTY LEPROSY WORK!!!!
Money as we all know is created out of thin air through the issuance of debt (see: Bank of England)
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/...
No new borrowing by.Gov/consumers = End of new money injection into the economy > eventual death of economy
It's a design feature that the Globalists (financial elite) don't want you thinking too much about.
Brandon Smith
http://www.alt-market.com/articles/2626-the-us-and-eu-will-collapse-rega...
yes but its a perfectly respectable system because their thin air is much more special than your or my thin air
Yes, just look at the chart that shows how those nations were rescued by more debt since 2006...how thoughtful and generous of the lenders! Create "money" out of thin air and lend it to nations at interest, the taxpayers get to be in debt forever!
Personally, I'm looking for the 80 year old greek retiree that handcuffs himself to Drahila, dowses gasoline over the two of them and sets it on fire. To get fucked by vermin like this after battling actual Nazis has to be an end of life humilation. I'm looking forward to the day we see this kind of action everywhere.
That is not something I'd want to see happen. Now if he just dowse and light Drahila, that would be something more along the lines of a happy ending in my movie.
When the problem is too complex to understand, waking the fuck up becomes an impossible task.
yup, just complicated enuf. but, but, i explained it to a fifth grader, ha. fucking eh.
might as well be grave robbers, cause da plebs are fucking half dead zombies letting these fuckers fuck them over. oh, wait, looked in da mirror and saw the statue of liberty in the background, fucken eh, here too, same fucken bullshit in my front yard, the bastards...cocksucking parasites.
Amen.
I detest these sociopath banker fcks.
Someone should take these fckas out, seriously. That includes a long list all the way back to FCKS like Paulson, Dimons, Geitner, including political traitors like Chaney, Rice, Rumsfeld and the whole Bush brigade.
Jesus Christ, this world has been run by fcking lunatics and sick bastards for far too,long.
I
Don't insult criminals. They take without conscience, consequence or guilt often because something irreplaceable to them has been taken from them without conscience, consequence or guilt.
People like Mario Draghi are too rich to bother "taking". They are so rich taking is for them like breathing. Their one pleasure, to see people lose and the world burn. And the pleasure of knowing they had a heavy hand in it.
Meh...GS is just going to pivot and make even greater fees helping each nation "re-launch" its new-old currency.
Wait and see!!!
ain't tough about this angle but what a brilliant idea for a bank side to let govs crash and explode outside of eurozone to be a support of the reprinting of another ex-neo money ! brilliant tough doc !
Down vote for "meh". Use your big words.
When I was on the trading floor in the Chicago, we quietly called Goldman Sachs the Great Satan. If we said it aloud, we might not get on their broker's tickets anymore. But now that I am no longer on the floor:
Great Satan
Great Satan
Great Satan
Call the Dark Lord by no other name, his name is Goldman Sachs, his name is the Great Satan
The way these merchants of misery stride the earth with impunity really has to shake people of faith.
By the way, Chunga..., you know you're gonna have to change that avatar...
Dont listen to him.
Peabody is pulling some rebel leg, very well I might add...
If he does, I'm picking it up.
And what is his Avatar?
Gee, I thought I smelled vapire squid.
P.S. chunga, ignore Peabody. It's a lovely avatar. Just don't run it up any flagpoles.
lot of whores I guess.. funny what a girl thinks she needs to do for money
I would start taking about cops but we all know... nothing but great Satan bitches anymore doing Goldman dirty work!
see how they get the FBI to work for them.
http://www.bloomberg.com/news/articles/2015-07-06/-flash-boys-programmer...
"The way these merchants of misery stride the earth with impunity really has to shake people of faith."
7 And the LORD said unto Satan, Whence comest thou? Then Satan answered the LORD, and said, From going to and fro in the earth, and from walking up and down in it.
Job 1 King James Bible
The LORD is AWOL.
That's a rich and ironic statement coming from someone boasting a Confederate flag.
You know nothing about the flag except what some imbecile reads to you on TV.
Since March 10th 2008 the 'Prince of Darkness' or 'Satan' has been rendered defunct. Now if so-called 'Satan' is so fucking bright how is it that he can't solve the Satanic Casino Capitalism Ponzi implosion that has been eating away at 'Satan's' Empire of FRAUD for 29 successive business quarters with no let up in sight?
The 'Great Satan' is insolvent, bankrupt, and defunct as a possible entity anymore. Moreover, the 'Great Satan' gets a failing grade in basic mathematics 101 IMHO. Anyone that operates a Ponzi scheme is shit-for-brains-stupid, frankly. Ergo, Satan must be shit-for-brains and the 'great satan' never really existed cuz he is too stupid to figure out that Ponzi schemes have a shelf life.
Their ends justifies their means.
They're in it for all the death, destruction and sacrifice needed (in their psycho cult minds) to make their Lucifer appear.
Plus the money. Yeah...there's that too
But the individual parasites have enriched themselves into the billions. The company itself was simply a vehicle for this, and when it implodes, the only ones who will be hurt are the stockholders. And I promise, none of the parasites at GS have anywhere close to a majority of their net worth tied up in GS stock. Thus, they don't care about it, other than as a vehicle for further plundering of the goyim.
When they tire of beating the dead Trojan Horse they pushed into the EU, I wonder what entity will be Goldman's next subprime slime?
French Banks?
Now there's a Satanic disease you don't hear too much about. I don't know if I should chuckle or cry.
Nothing like earning a good, honest days pay whilst doing the work of God!
Gold, what the heck is Gold going to do for you? This deflationary spiral is about to resume in full force, maybe shifting up one more gear.
history says, voooosh, everything goes down for a tad. maybe gold can find a bid, but timing is a bitch bitcheez, ha...
Not sure about the gold part just yet!
You could probably use some good news for a change.
Crazy Jerry Brown Is About To Be Recalled By Furious Grassroots Campaign Over Mandatory Vaccine And Other Crimes (Hallelujah)
I report this with caution as Nudelman could still show up with cookies and form a Maidan
State Of The Nation
Recall Movement Issues APB
On Governor Jerry Brown
Groups Joining Forces To Form Grassroots Organization to Remove Brown From Office Before California ‘Crashes and Burns’
by Californians Determined To RECALL Governor Jerry Brown
10 Point APB: Governor Brown’s Biggest Blunders And Bungling
• Gross Mismanagement of California Drought
• Signing of Draconian Child Vaccine Law
• Mishandling of Illegal Immigration, Encouragement of Illegal Aliens
• Failure to Address Ongoing CPS Child Abuse
• Support of Fracking in Spite of Earthquakes and High Water Usage
• Neglecting State’s Ancient Water Infrastructure
• Refusal to Address Antiquated System of Water Rights
• Pushing Costly High-speed Rail Link Between LA and San Fran
• Failure to Acknowledge Statewide Geoengineering via Chemtrails and HAARP
• Gratuitous Promotion of LGBTTTT Agenda and Hollyweird Depravity
https://dublinsmickdotcom.wordpress.com/2015/07/07/crazy-jerry-brown-is-...
Remember when Democrats and the far left used to be these laughable granola eating fruitcakes? Governor moonbeam? When did they morph into these dangerous freakin' psychopaths?
always were, u just wake the fuck up? repubs the exact same lizards, just different color.
bankers, politicians, lawyers, hmmm, what image do you get?
DublinMick - great news. The charge sheet reads like a manifesto. Is it really true? I'll have to check.
With all the seeming sophistication.....it still boils down in the end to 3 Card Monty.
How can you 'lose' everything when you didn't really 'have' net equity in the first place? Most of the smart money got otta Dodge over 2000 years ago.
You make the point this ‘Western System’ can go on for another 500 years, easy.
NO !! WRONG !!
400 years at the ABSOLUTE most !!
Right now billions of the Greek elite smart money is safely, secretly tucked away in Switzerland where it don't pay no taxes.
Lucifer's spawn.
Even Lucifer has his standards, Central banker? Network news anchor? Seattle Seahawks offensive coordinator? Fuck you! Go find another deity.
Yo mama.
Try the politicians for treason. Try the bankers for organized crime.
You could reverse those charges and still have validity.
They are Racketeers.
Plain and simple
Ole le Gark bItChez
Fuck yea, the big jelly stick with the glitter embedded in it.
The money shot.
YEAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA.
Maybe Draghi will take the Jenner out. Lop off his balls and become a female. Then he and Bruce can ride a double dildo for the rest of eterninty.
Bruce still has his twig and berries. He just identifies as female. I need to "identify" as someone who only makes 17k a year...
Fvckin nailed it, Tyler. Great article.
Tyler has knocked a few out of the park lately. Have you noticed that nothing has changed? Tyler does great work and the commenters do as well. Nobody fucking cares. I guess all of us here are just cheering on the iceberg as it hits the Titanic.
"Coming in second just means your First Loser." G Stenbrenner
FULL STEAM AHEAD CAPTAIN....ICEBERGS DEAD AHEAD!
I hear ya...I think the point is when they stage the next 'Economic 911' which seems imminent relatively speaking, we can point back to this period of time and call them out as we watched them setup the next zombie bank(s) too big to fail racket. Like 911, they'll claim 'we didn't see this coming' bullshit, but you can see the setup clear as day. Looks to me they are setting up the final push for all of the chips this time.
It's an all or nothing bet, I'd say. Or all vs becoming a lampost decoration. On form to date, they are likely to take it all.
And "they" has a name....the tribe. This smells like the most gigantic, long term, well-planned setup with the likely outcome figured out long ago....when the west folds and collapses who will be ready to step into the breech? I could be wrong, but I can guess who it will be, and it won't be China. Zio empire coming up.
Alternatively, the end of the west could be just collateral damage to the get-rich-quick schemes of multiple menial psychopaths. But I doubt it.
It is true, that nothing feels like it has changed. While ZH has seen its hits and misses of contributor articles, Tyler seems to hold down the fort with killer pieces where it counts.
Do you think we'll still be here in five years, waiting for the "collapse" to happen? Perhaps after a few New Democracy puppets have squeezed the last few euro pennies (whatever they call those things, if they're worth anything) of any possible futures contracts on the people?
Just wilder oscillations down the road until the binders lose their manhood and it flies apart like a structurally flawed flywheel at 100,000 rpm.
Tyler has forced the main stream media to pick up his stories time after time. Thank god there's a Tyler.
So... what's the Next Step?
A: "ODIOUS DEBT, based on Fraud and Conspiracy". --> Try GS and its Agents in Athens court.
A world wide referendum on how best to torture every last gOldman sAchs employee is long overdue.
Put this prick into a wind tunnel and then release constant small stream of coarse grain salt into it.
How many lives has he and others like him ruined?
The main thing Greece has going against it is too many people and too few jobs. No different from most other countries and, as with every other country, the problem will get worse, not better. The main thing Greece has in its favor is tourism. The population is about 11M but the annual tourist numbers are 20M. If a country already has the infrastructure in place - and Greece does - tourists are an almost zero cost money generator. No burden on the system and almost no outgoings. They have a positive impact on just about every other industry from airlines, to hotels to F&B and when they've parted with their money, they leave the country, generally happier than when they arrived and vowing to come back. Best of all, it's the only industry that the chinese can't just go out and copy. There is no other industry quite like it. If the population was more like 3M they would be in an unbeatable position.
+ 1,000
Whoa, don't mention "over population", it's taboo, especially amongst the religious fanatics. Their book tells them to go forth and procreate . . . . . . . forever, or until there is a person standing on every square meter of the earth, at which point you could fit two people per square meter. Not very bright and an utterly destructive doctrine.
As for tourism a colleague just returned from holidaying in Greece last week and was stunned at the the 12 euro entry fee to the Acropolis that also allowed entry into various other sites and museums. I mean really, the Greeks obviously just don't have the faintest idea how to balance their books. Charge 30 euros at least, for crying out loud.
Overpopulation is a lie. It's not how many people are on the planet; it's how many people are misusing the planet.
"Overpopulation is a lie."
Perhaps you need to spend some quality time in Calcutta or China and rethink that statement. And right now, at least most people have jobs. Pretty soon, they won't have jobs and food could easily become an issue. How do you not misuse a planet when you have no space to grow anything? If you have kids in school now, they almost certanly won't get paid work anywhere. As much as people may hate working, the alternative isn't pretty.
Well stated. Availabilty and quality of drinking water is also a major issue.
Plenty of space and jobs:
http://www.DisclosureProject.org
Hahahaha, like I insinuated, you could not even bring yourself to state "a maximum" population you think the earth could handle. Go on, have a stab, is it 10 billion, 20 billion, 100 billion?
The cold hard reality is it's probably more like a billion now, given we have sufficiently destroyed the oceans and top soil and many aquifers.
The current generation of children will probably not even recognize their lives 20 years from now. We are the next Easter Islanders and we are as blind as they were to their downfall.
Arguing about how many people there are on a square meter is moot considering the fact that the earth's climate is dynamic: always moving incrementally toward hotter or colder. We are living in a tiny temperate window right now but there will be many more ice ages and tropical ages, such as the dinosaurs were living in, before this planet finally disappears in a ball of fire. The apex of one change actually brings on it's opposite, plus any meteors the likes of which ended the tropic era the dinosaurs lived in. To imagine that human beings could ever "stop" an ice age or it's opposite is pure hubris.....but the meme works for the globalists.
Yeah, 100Billion. Why not?
What is your agenda? Who pays you to spread fear??
Hahahaha, agenda, I hate to break it to you but am I am a nobody. I do however do a lot of work with native animals in my country and am very tuned into the utter fucking destruction we are doing to fucking evrything we touch.
It's about time people got scared but if you think the earth could handle 100 billion you are too fucking stupid to even enter a discusiion with.
Hey, with two people per square meter it's much easier to get lucky.
If my beer gut gets any bigger I'll take up my own square meter. Or as they say in the movies, I'll end up with my own zipcode.
You could kiss a game of tennis goodbye although British Bulldog would still be doable.
Go forth and procreate, but use a rubber or get a V.
@mijev - 40% cancellation so far - that's united EU...
The Germans have solution on how to reduce populations too..
This was the entire point of the EU, get other people to cover our debts and have them owe us! simply briliant
**cough* the FED does the same thing *cough*
Exactly EP. As I was reading I had to scroll back up to the title to make sure it wasn't a report on the Federal Reserve. Same fucking tactics. Same fucking owners. And you guess where they're from.
Return the billions that Greek non-tax paying elites have secretly stashed in Swiss banks to
GREECE.....NOW !!!
Yeah, this time the pols and Goldman promise to be good stewards.
Starve all psychopaths to death, let the people keep their lawfully earned money.
Seriously, if Goldman is on your résumé and you have no problems with that fact - if bullets ever start flying in your direction, know deep down that your punk ass absolutely deserves to be taken out like a rabid animal. Goldman employees should be eradicated like polio. Fucking worthless mother-fuckers that need to justify their existence to themselves and their own families each and every day. Of course lying to both to make it through the day sucking dick and fucking over people so they can buy $5k suits.. MOTHER FUCKERS, FUCK YOU AND ALL THE LITTLE BITCHES THAT STRIVE TO WORK THERE!!!
And since there is no longer rule of law (from the small trial court on up to the Supreme Court), we can dispense with the politically correct speak "brought to trial", and proceed to string them up by the nearest tree.
An interesting concept, I had not considered that the erosion of the rule of law worked both ways. The law is what constrains the law abiding and keeps rough justice at bay. In its absence, chaos rules, and the high and mighty may very well get pommeled by the bell hop.
EXACTLY. THIS.
"Masters of the EU"
Is there a deck of playing cards with these guys on it? You know....for future reference. I'm asking for a friend.
As I said, "issue the F'n arrest warrants for Lloyd Blankfein." In a technological world an entity like Goldman Sachs cannot be allowed to exist.
Hang him upside down in the square and stone him like Mussolini. Only don't kill him first.
You ever wonder why The Great Red Dragon is mentioned in Revelations? And I'm not even a bible-thumper; just treating all old books with respect. How else in those days would you describe Snakes In Suits to a future generation. The Dragon, ie Serpent, Snakes In Suits is an apropriate symbol of the group of banksters we're seeing today. They slime everything with money before they devour it.
like the Jews at the Moneychangers temple....which Jesus had problems with
Aww, that's a misunderstood fable derived from the actual events of the day when the Tall Greys despised their main competition of the time, the Reptiloids.
Between the Bible and the comic strip BC with the battle axe snake hating bitch, poor snakes don't get any respect. To my knowledge snakes have never caused a single human disease, but the rats they eat are the bane of our existence.
Having opined, kill every poisonous snake we can so the non-poisonous can proliferate.
Similar thing happening now as Chinese government intervention is buying up what the big banks are selling....
test
read you, over.
The Greeks need to pull an Iceland - say screw you we ain't paying, then start putting banksters in jail. I would be printing Drachmas and be making a deal with Putin for an advance on some pipeline cash, take that cash and buy gold and back the drachma with the gold
Too bad that the vast majority of people will never read an article like that above, but rather, will continue to act like incompetent political idiots. Due to that social fact, I find that the only actual result from reading articles like the one above is that, ALWAYS, the more one learns, the worse it gets!
As far as I know, nobody else is more leveraged than Goldman Sachs, which they can do with impunity because nobody else more controls the casino than they do. The last I looked Goldman Sachs is leveraged something like 450 to 1. That is only possible to continue doing because they continue to be able to make money out of nothing to gamble with, and over and over again take such extreme risks, hardly ever losing, but rather almost always winning, because nobody else specialized so much at being able to covertly control governments, so that the People, who always act like Zombie Sheeple, have to pay when the loses are socialized, while entities like Goldman Sachs get to privatize the profits from placing bets with money they can make out of nothing, whereby they can get away with gambling over and over again on what should be preposterous long shots, whose leverage risks are hundreds to one!
However, given the ways that the FUNDING OF POLITICS operates, those who make billions of dollars of profits from having been able to corrupt the political systems then CAN DO THAT MORE, while the vast majority of "We the People" continue to act like Zombie Sheeple. Given those realities of all aspects of the FUNDING OF POLITICS, more radical truths are practically worthless, and politically pointless to attempt to promote ... The vicious spirals between political power and the monetary system have already gone past the event horizon of a social black hole!
Shorter and to the point. The new RM... I like it
Yeah, but if you buy any of the various CDOs or alphabet soup derivatives from them, correctly betting on collapse or default; they just get the rules changed and welsh on the bet. Crooked basterds!
We needed to be reminded of this. I have exhausted myself explaining to posters who just want to say Greece is a bunch of lazy folks who borrowed money and who are dead beats, that Greece and many of the other countries were scammed.
Someone needs to do a timeline story on Draghi, connecting him to as many facets of the exploitation as possible. I bet it would make fascinating reading in Europe, particularly in the PIIGS(F).
Sounds like a job for Matt Taibbi. But who in the LSM would be willing to publish it?
Lloyd Blankfein CEO of Goldman Sachs.
The man who bet against his own clients to make rocket profits.
haha and LOL
Evil sums a bitchez, they iz!
WANTED: DEAD OR ALIVE. THIS THING CAN END DIFFERENT THAN THEY EXPECT IT TO.
I'm making money hand over fist with Litecoin..so you can add me to the list
How many are there in a monster box?
Thank you for covering this part of the "Greek Tragedy" which, it would seem, other blogs and the msm would wish that we all forget.
Goldman Sachs informed us that they were doing " god's work" yet failed to clarify to which god tthey were referring !
Yes, exactly! GodMAN sacks, rapes and pillages whatever they touch
What tragedy? The Greek people are rejoicing/partying right now . . . The Greek news is bullshit lol, No One in Greece really wanted to be in the euro . . . the vote was rigged, it was probably more like 98% No and 2% Yes . . . . When you are pushed to the point that you have nothing left to lose, and you tell the fucker who is pushing you off the cliff to take a hike, there is nowhere left to go but up.
A great weight has been lifted from the backs of the Greek people... and any hardship that they might face in the future was already going to be faced anyway if they stayed! so . . . the glass is not only half full, shits over-filled.
Greeks could give a rats ass about what happens to the banks, in- fact most Greeks want to see the banks crash and burn because you dont need them anyway. . . kolo trapezes na pane na gamithouna oli tous.
Yay, Peter Sutherland again! It's not just GS, you know: poor Suds just has the worst luck, always seeming to get mixed up with controversial banks. There was that time he was chairman of Allied Irish Bank[s] back when it was running a massive (and barely concealed) tax-evasion scam for its customers. Then in 2001, when he was only a few years out of the AIB gig, he let someone talk him into a Royal Bank of Scotland directorship. To be fair, he does do a lot of directorships, so it's inevitable that some will turn out to be clunkers. That's how he ended up tied into both the world's lamest banking conspiracy and the world's acest. And chairing BP.
I just popped out for five minutes. Have we had Armageddon yet?
It's intermission.
Try the snack bar, they have popcorn for act 2.
If it was , no need waking up.
Eternal sleep
If you're in Eternal Sleep, can you still sleep in?
I guess you can say Greece is the unintended consequence of giving 19 nations the same currency.
Wait a minute, maybe it was INTENDED.
Somebody made a few sheckels, no?
Or maybe Fuhrerin Mutti's predecessor thought The Fatherland could take over Greece this time via the Euro without sending in the panzers.
If you judge the outcome in Greece by principals and not pengo,
Tsipras is the real winner
Merkel is the real loser
I think that remains to be seen. As far as I can see, Mutti and members of the Troika are doing their best to trivialise the Greek vote.
If Tsipras succeeds in getting a big haircut on Greece's unsustainable debt, he will have won. If not, he may have to default (again) and Grexit, which maybe what some of the Troika want anyway but will not admit.
That will give great accolades and he will win the Triple Crown if they leave. They WILL recover outside, inside they are slaves.
Is a Greek military coup in the planning?
http://www.zerohedge.com/news/2015-07-06/who-biggest-winner-greek-traged...
This depends to whom the Greek army is closer, the Russians or the Americans.
If it's the Bulgarians, it's likely the Russians; if the Albanians, then the Americans.
They're closer to the Americans.
They must have been getting close to the Americans when the previous politicians rang up $330 billion in debt. And Greece is now bankrupt.
Tsipras just got 62% of the popular vote.
Are armies ever pragmatic?
of course by 'armies' I mean a half dozen top officers.
I still believe that Greece has the undisclosed backing of Russia (and China), who along with Greece want an acceptable haircut and a deal with the Troika.
If Greece gets an acceptable haircut, Tsipras wins. If Greece leaves the the EU for Russia and China, Merkel loses.
Merkel doesn't seem to realize that Greece has a full house: Russias full of Chinas.
When Alessio Rastani gave a live interview to the UK BBC News24 channel on 20-Oct-2011 in which he stated:
"Government doesn't run the world, Goldman Sachs runs the world"
..he was right.
No wonder the BBC presenter gasped. She suddenly realised that Alessio was not a trader working for a City institution (they would never ever be allowed to tell such truth), he was simply a private trader working from his girlfriend's home. The BBC would never have had him on if they'd known.
ZH again goes where all others fear to tread, to the (black) heart of a matter: in this example the collossal robbery of Greece and its people...... and also manages to put an illuminating spotlight on a truly evil malefactor. This expose' should enrage all but the braindead zombie corps and it certainly has had an effect on me. In a society where no one lies, they just "misspeak" and none dare to call out the crimes we see committed in high places daily, if not hourly all around us...ZH really merits respect.
Draghi didn't allow Greece into eurozone (that's what the end of the article implies?).
But he's sure a deceitful bastard.
I'm really fed up with reading that Greece is "just" a victim. That's not true. They have taken the chance and took the cheap credit to finance their life style. And if it's a dream to work for government and if the payment there is way beyond any reason then sorry, they deserver any suffering form that decisions. I'm also fed up with this. oh the poor ones. That reallly sucks, they all want to have a state they all don't want to server customers but reign over subjects. So if one is not allowed to beat them into reason they should learn it from reality. Reality is the Greeks have consumed more than 2 - times the things in advance they produce. That can not work, and gladly will not work forever.
Generalising . . . much?
Really, have you just one proof to hold that? Just tell me what that they do not have lived from credits... So the debts simply came into existence?
You can't expect the common man to understand all the issues. They rely on the trusted people in government to do their job. The finance of the government is the responsibility of the elected officials. They are responsible and they lie.