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Angry Youths Attack House Of Greek President Papoulias; Hurl Rocks, Molotov Cocktails

Tyler Durden's picture


Instead of defaulting a long time ago (when we first suggested it should) when it could have pulled an Iceland, taken a bitter pill, hyperinflated the drachma and in the process delevered overnight, if at a big social cost of losing its welfare safety net (which it is about to lose anyway courtesy of the PSI and OSI), and not be held captive to bigger geopolitical interests, and hostage to the banker superclass, Greece very likely could have been on the road to recovery now, granted with a totally different political regime. Instead, the political regime is the same, Greece is more in debt than ever before, the economy is in shambles, the banks have seen two straight years of bank runs, and most importantly the people now are poorer and more disenchanted than ever, and as the following story indicates, about to get far angrier than any Syntagma square riot cam (which is about to come back with a PayPerView vengeance) has shown to date. According to Kathimerini, late on Saturday evening, "A group of between 30 and 50 youngsters attacked the house of President Karolos Papoulias."

"The result of the attack was some minor damage to the entrance of the house at Asklipiou Street in central Athens and to the car that Papoulias uses. The hooded youngsters, who arrived by motorbike and on foot just after 8 p.m, hurled a Molotov cocktail, rocks and paint at the house but stopped short of attacking the two guards at the President’s house. Papoulias was inside at the time of the attack. Police is searching for those responsible for the unexpected attack." And while the fact that discontented Greeks are willing to attack the most porminent political figure is in itself not shocking, the fact that it is being publicly announced is quite disturbing, as it opens up the population to the realization that one can express anger and hostility at one's rulers - an oppressive regime that has been benefitting the banking oligarchical superclass at the expense of the general population. Consider it yet another "Sparatcus" moment. How many more of these before the Athens parliament is overrun? Or how much longer before the people realize they have notthing to lose?

Because it's only after we've lost everything that we're free to do anything...


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Sun, 02/05/2012 - 00:19 | 2127897 dwdollar
dwdollar's picture

Well, it's a start at least.

Sun, 02/05/2012 - 00:25 | 2127906 DaveyJones
DaveyJones's picture

"warming up"

Sun, 02/05/2012 - 00:21 | 2127902 fonzannoon
fonzannoon's picture

Caviar everyone was commenting on Kyle Bass channeling you the other day when he said "I see deflation in the things people own and inflation in the things people need".

Way to go and kudos to you. Now please tell me when we will see deflation again in the share prices of bank stocks so I can begin to sow up the huge tear in my asshole that has unexpectedly taken place the last month and change.

Sun, 02/05/2012 - 00:35 | 2127921 Caviar Emptor
Caviar Emptor's picture

@fonzannoon: That is awesome. I didn't know, thanks for telling me. When I started talking about biflation in 09, I got lots of angry ridicule. But many got it because it's so intuitive. Just look around. 

Keep in mind that there are hot pockets of inflation right along side the threat of deflationary collape at all times. But we're going to see a recurring pattern where global central banks led by the Fed will start printing again in response to perceived deflationary spirals. They got it that they have to be more subtle about it now. But print they will when they see developed countries with 20% unemployment, political agitation and protest, and GDP's at or near contraction with core PPI/CPI near negative. But they don't have much margin for error. As soon as markets sniff monetary expansion the animal spirits get kindled. And the hot pockets of inflation start to light up. And bank stocks will be brought back from the brink as part of the deal. They'll tank again as soon as the Fed taps the brakes again like they did in spring/summer 11. 

Sun, 02/05/2012 - 00:39 | 2127932 fonzannoon
fonzannoon's picture

Interesting you say that because here is what I can't reconcile. The fed (according to this site which I trust) is buying up at least 90% of the 30 yr bond issuance via the twist. The inventory coming to market is huge. If the market stays high on the "ecomomic recovery that is taking hold" I would imagine people would not want long dated paper at these yields. So when the twist ends price discovery begins and yields would move up in earnest. Bernanke can't allow that to happen but he also can't launch more LSAP with the dow at 13k and climbing and people singing the recovery what gives?

Sun, 02/05/2012 - 01:02 | 2127963 Caviar Emptor
Caviar Emptor's picture

Ben wanted the politicians to take over where he left off, and they are. In Euroland and here. Lots of new spending programs being approved. Any new spending that involves banks/FIRE sector rescues has the same ultimate effect as rescues through QE. But soon enough he'll need to do more fancy QE once the juice runs out. Oh and economic recovery taking hold ? hehe. Only on paper and proportional to how much they're willing to spend on

Sun, 02/05/2012 - 01:07 | 2127979 fonzannoon
fonzannoon's picture

If the Politicians take over and go that route the US gets downgraded again and by all 3 agancies. I see the more likely scenario is they engineer a market crash or it happens anyway. The sheeple run like mad towards their safe treasuries and they buy some more time. But I could be wrong.

Sun, 02/05/2012 - 01:39 | 2128017 Caviar Emptor
Caviar Emptor's picture


House [GOP] transportation bill would spend about $260B

Obama pressures Congress on mortgage refinance program

Spain to Unveil Bank Overhaul

Banks that agree to merge will be able to tap Spain’s FROB bank-bailout fund by selling contingent convertible bonds to the facility

...and Japan, and UK, and Itlay, and who isn't spending? 

Sun, 02/05/2012 - 00:31 | 2127907 ThisIsBob
ThisIsBob's picture

Meanwhile,  in other news, the  cannibals are not too happy either.

"New Zealand Prime Minister John Key has been bustled into a car after a welcome onto the Te Tii Marae traditional meeting place in the Bay of Islands turned ugly on Sunday."

Sun, 02/05/2012 - 00:35 | 2127919 longdong silver
longdong silver's picture

Illinoize is a mirror immage in terms of their financial health.

spoze they will riot next week....good.

Its the reposability of the people to rise up against those who own the pollitition. then hang the pollition for not standing up for the people.

Sun, 02/05/2012 - 00:38 | 2127928 iamgogi
iamgogi's picture

time to get a second gun...for the wife

Sun, 02/05/2012 - 01:51 | 2128034 Problem Is
Problem Is's picture

Famous Bumper Stickers:

Keep Honking While I Reload

Sun, 02/05/2012 - 00:41 | 2127936 iamgogi
iamgogi's picture

this is all still "good news" for the Dow... CNBC said so...

Sun, 02/05/2012 - 00:52 | 2127947 Isherwood
Isherwood's picture

This was priced in six months ago, duh

Sun, 02/05/2012 - 00:50 | 2127945 bankonzhongguo
bankonzhongguo's picture

"... youngsters ..."

'Greek Youth?'  Really?

Next week they will using the words, "terrorists."

Next year they will be talking about your kids and the need to post cameras on the street corners of Suburbia, USA (with a side car of drones at 20,000 feet.)

All of this to ensure debt payments to a handful of banksters.

Cancel the Debt.

End the Fed.


Sun, 02/05/2012 - 01:49 | 2128030 Problem Is
Problem Is's picture

You may be a Domestic Terrorist if...

Sun, 02/05/2012 - 00:54 | 2127952 Lost Wages
Lost Wages's picture

Monkey see, monkey do.


Sun, 02/05/2012 - 00:58 | 2127954 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

All Sides are Ready

If you think that the world is going to stop revolving around the sun when the world of finance freezes, you are wrong.  If you think the seasons will stop changing when economics is shown for the farce it is, you are wrong.  Life will continue, nothing will change.

Yet there are sides.  Inbred Illuminatti have ben planning that when the SHTF they will put on their masks and robes and all hail satan, or whatever they do.  There will be millions of panicking Americans and Europeans who have lived complacent lives and will not go quietly into the night; no, they will cry and kick like little babies.  Then there are those of us who are physically, mentally, and spiritually prepared for a world where hard work will be all there is.

Will there be a panic?  Yes.  Will there be a drawdown?  Yes.  But there will also be leadership.  It will come in waves, as it always does.  Remember to stand up when the wave comes your way.

Sun, 02/05/2012 - 02:08 | 2128045 resurger
resurger's picture

Complacency is a bitch Lennon ...

Sun, 02/05/2012 - 02:15 | 2128057 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

It is the last phase of the state of a society before revolution.

Sun, 02/05/2012 - 05:01 | 2128147 e-recep
e-recep's picture

fascism will come, that's what you are saying. but the leader won't be a banker, a capitalist or one of tptb's. it will be someone with a strong ideology and a bitter agenda. in times of panic masses tend to support such radical leaders.

Sun, 02/05/2012 - 00:56 | 2127956 the 300000000th...
the 300000000th percent's picture

We deserve the same fate as Greece, laugh it up and be smug while you can. One day it will be us, it will come here, there is no escape from the ever growing black hole which is fractional reserve banking. One day

Sun, 02/05/2012 - 00:59 | 2127965 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

What?  What do we deserve?  Having banker cocks in our faces?  Is that what you think? 

No.  We deserve justice.  We deserve freedom.

Sun, 02/05/2012 - 01:47 | 2128029 Problem Is
Problem Is's picture

Only if we are willing to go out and take it, Mr. LH...

Otherwise... sit on the couch, drink beer, watch the corporate whore media of MSNBC and CNN lie and wave banker cocks in our faces...

Sun, 02/05/2012 - 00:57 | 2127958 G-R-U-N-T
G-R-U-N-T's picture

This is what happens when you have dependent children with no work ethic.

Sun, 02/05/2012 - 01:02 | 2127969 q99x2
q99x2's picture

That old coot in the photo looks about one step away from the grave anyhow.Why doesn't he just get smart and take a stage left out of the picture. What is he stupid?

Sun, 02/05/2012 - 14:47 | 2128957 slewie the pi-rat
slewie the pi-rat's picture

wasn't he planning to resign or planning to threaten to resign if g-Pap and antonioSam didn't give him the political support he needed to drive thru this first little fuking bond deal? or something?

just before they they told him to go shit in his hat?

now, he can't resign;  he'd be giving in to this hooliganism

them good0leBoyz sure ran this guy up the yardarm, hoisted by his own petard

yeee-Haw, BiCheZ!

stay tooned to see which oldGuy blinks first!  will this old guy just quit and tell antonioSam to STFU and get in there?  hooligan utes and all? 

fukin-A!  isn't retirement fun?  ww.oldfartz.con for how you can help, now!

Sun, 02/05/2012 - 01:01 | 2127970 dogismyth
dogismyth's picture

Why isn't ZH putting the robosigning settlement slated for Feb.6 up for discussion?  This will likely propel the remaining indices above their 2011 highs.

I suspect they will massage this issue until they catch more people short.  But ultimately it will be decided in favor the the TBTF banks.

Amazing the silence on this big issue since it essentially legalizes fraud but only if you have clout.

Maybe we'll hear some more about it after-the-fact.  Where's the outrage ZH?

Sun, 02/05/2012 - 01:17 | 2127986 ekm
ekm's picture

Check this

NY AG sued the banks just before FEb 06. Let's see.

As to the stock market, there's no more of it. Just the plunge protection team. The market moves up or down based on how much money the PPT has or whether they get orders from Timmy G to hold or go ahead.

Sun, 02/05/2012 - 01:37 | 2128013 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Yes, the President's Working Groups run the world of finance.  Major CEOs, Hedge Fund managers, and Chairs and Secreteries of the Treasurie, SEC, and Fed run this beast. 

Welcome to the real.

Sun, 02/05/2012 - 01:05 | 2127978 sansnobel
sansnobel's picture

On a very bright note tonight I just had some dude try to educate me on the Greek crisis asserting that the Commercial banks of Europe don't hold Greek "bonds", instead they hold "loans" to the Greeks... I almost shit myself when I found out the Douche held a degree in economics from "Clevland State University" Well now the university system in the US has really gone off the reservation huh?  This guy claims he  was born in The Republic Of Georgia former Soviet republic.....sells and runs a Vodka business....according to him.....out of Ireland...unfukkin believable...The guy could not get rid of me fast enough as I probed his econ knowledge and I got the Motherload out of this motherfuckers mouth....get this shit... this douchebag had the nuts to assert that Commerzbank and Douchebank in Allemagne(Germ) are not Nationalized and are private banks.....Hehe!!!! Any fukin idiot knows the German gubment will not let the Biggest banks in Germany fail right???  Oh but they are not techinichally nationalized because they still have private profits for share holders.... I could not believe the ignorance of how the global banking cabal has Hijacked Gubments around the world... Wow we do live in interesting times!!!!!  I could never get this douchebag's sources out of him.  To be quite honest i don't really know if the guy was on drugs or not...But I did sense that he had a real degree in econ because he referred me to go study up on how banks work...... unfukin real... So I guess everythings ok right if greece defaults??? Just a loan???? right.......  Those banks will be able to absorb their "loan" losses no sweat right??? He then told me He had equity shares in some big European banks, I tried to give him the truth, but he seemed totally oblivious of his immediate peril.... I feel like I'm taking Crazy pills....Death to Public /Private  partnerships!!!!! fuck this world needs a fukkin lesson in real money lending.....


Sun, 02/05/2012 - 01:08 | 2127981 The Deleuzian
The Deleuzian's picture

It took this long...Man..We're behind

Sun, 02/05/2012 - 01:22 | 2127992 steve from virginia
steve from virginia's picture




Greece very likely could have been on the road to recovery now, granted with a totally different political regime.

This premise/assumption is incorrect. Greece and the rest of the EU are having a slo-mo energy crisis. By rationing credit and a tradable currency, fuel is rationed 'on the bounce'.

We civilized dudes are so damned clever, we think we can gin up some 'free' credit and buy whatever fuel we need, leaving the rest to scramble for crumbs. Too bad we never considered that every fucking finance ace on planet Earth would decide to make some free credit for themselves and wipe out the credit system in the process.

Greece is in the process of becoming car-free, soon to be followed by the rest of the EU. Vehicle free, you wanna get somewhere you walk.

Vehicle free EU ... soon to be followed by the rest of the world. There are 800mm autos and 4+ billions who are desperate to experience that open road as seen on television. It is going to get massively ugly b/c the energy regime is pitiless and doesn't give a rat's ass about anyone's consumer preferences.

... just like the rest of nature, cannot be negotiated with.

My advice -- which is good advice -- is to buy gold and silver if you must, it will always have value. Get rid of the goddamned car because it has no value AND it destroys all value (which is why we have a crisis!)

Coming to a country near you ...

Sun, 02/05/2012 - 01:26 | 2128008 Mr Lennon Hendrix
Mr Lennon Hendrix's picture


Sun, 02/05/2012 - 02:06 | 2128046 francis_sawyer
francis_sawyer's picture

scooters bitchez!

Sun, 02/05/2012 - 02:14 | 2128054 caerus
caerus's picture

cars are great, they allow you to get nowhere faster

Sun, 02/05/2012 - 03:12 | 2128101 Eally Ucked
Eally Ucked's picture

The only problem is that without a car 80% of n.american housing is worthless, also most of businesses .

Sun, 02/05/2012 - 04:22 | 2128135 AnAnonymous
AnAnonymous's picture

I dont know where that obsession with car free comes from.

It wont happen.

Actually, the current trend is certainly not a homogeneous downslide.

People who will stay among the circle of US citizens will see their standards of life rise:

-less people driving on the streets, so fluider traffic
-more leisure time as less experienced people will be able to challenge for the job. All these young people failing to enter the job market are as less competitors to come for people who have 5 or ten year experience right now.

All these troublemakers are going to be poured over a secondary country as US citizens once again have triggered a new colonization wave.

Sun, 02/05/2012 - 12:57 | 2128639 prole
prole's picture

Kind of Reminds me of Chinese Citizens invading Tibet, Chinese Citizens buying up Africa and Pakistralia (which is invasion/colonization) and when are you going to invade Taiwan? Hope they have nukes, don't you?

Sun, 02/05/2012 - 13:35 | 2128773 Hulk
Hulk's picture

I'm long Greek women with fully developed gastrocnemius...

Sun, 02/05/2012 - 01:37 | 2128014 ebworthen
ebworthen's picture



Worldwide call of the bamboozled regular decent folks of the world:

"Austerity?  Yes, you look a little fat Banker/Politician/Societal Leech, here is a noose to help you 'lose weight'.  Glad you brought up 'austerity' after gorging on our blood, sweat, and tears; enjoy your 'diet' noble elites."

Sun, 02/05/2012 - 01:37 | 2128020 resurger
resurger's picture

Was watching the movie “In Time” for Justin Timber Lake and some Gothic Rich Chick …


It was interesting… because if you think about it, it’s pretty much related to what we face in our daily lives and how the rich try to benefit themselves and balkanize the whole society.


Justin (Will Salas, I think that was his name in the movie) was living on the Idea that people should be “Free” and no one should enslave them. Because the people accepted the miserable conditions they live in they started ripping one another, they became indifferent and cold blooded and desperate to get “Time”, His mom died due to the cruelty of people, where you see the society broken into Time Zones and the people were kept in battery farms.


Salas stood for the “idea” to become free from slavery, he was the only one among his people, and the rest were  busy prostituting, racketeering, murdering, and doing menial jobs. It’s interesting to see how people evolve to become like that, while the rich are in a different league.


I don’t want to explain what happen’s go watch it..


1 last Word


Ron Paul 2012 Mother Fuckers!


Those who would give up Essential Liberty
to purchase a little Temporary Safety,
deserve neither Liberty nor Safety.

- Benjamin Franklin




Sun, 02/05/2012 - 02:09 | 2128050 francis_sawyer
francis_sawyer's picture

any nudity? (not JT ~ I was referring more to the gothic rich chick)...

Sun, 02/05/2012 - 04:16 | 2128132 resurger
resurger's picture

Not much ... but the chick was fine!

Sun, 02/05/2012 - 04:55 | 2128146 francis_sawyer
francis_sawyer's picture

OK thanks... I'll put it on my "B" list

NUDE RICH FINE GOTHIC CHICK would have gotten it on my "A" list... (with or without the "rich" or "gothic")


Sun, 02/05/2012 - 06:00 | 2128177 resurger
resurger's picture



Sun, 02/05/2012 - 01:41 | 2128022 SpasticGramps
SpasticGramps's picture

Burn it all down.

Sun, 02/05/2012 - 01:42 | 2128024 Problem Is
Problem Is's picture

If you tried that in Amerika....

You'd be vaporized like so many MF Global customer accounts...

Sun, 02/05/2012 - 01:57 | 2128039 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Protests, vaporized!


Sun, 02/05/2012 - 13:44 | 2128809 Zero Debt
Zero Debt's picture

I don't know where all those 1.2 million protesters are now. I am deeply sorry for their families.

Sun, 02/05/2012 - 02:06 | 2128047 Melville1977
Melville1977's picture

This might be a small preview of the civil unrest that awaits Amerika. Even with the military assuming police duties, it is bound to get ugly and messy.

Sun, 02/05/2012 - 02:08 | 2128049 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

We've been trying, but we flail around like new borns.  We will try harder when gas is $5/gallon.

Sun, 02/05/2012 - 02:16 | 2128058 lolmao500
lolmao500's picture

Pure fucking insanity. The US is rearming that crazy bastard Saakashvilli... that guy nearly started WW3 last time.

Georgian Defense Minister Meets U.S. Secretary of Defense

The U.S. has “expressed its readiness to extend assistance with regard to enhancing Georgia’s defense capabilities which implies new levels of cooperation, deepening existing relations in the key areas and implementation of specific training and assistance programs,” the Georgian MoD said.

Defense Minister Akhalaia said, that from now on the defense cooperation with the U.S. would focus not only on training of the Georgian troops for the Afghan deployment, but also on enhancing and improving Georgia’s "self-defense capabilities.”

Sun, 02/05/2012 - 02:57 | 2128088 lolmao500
lolmao500's picture

So he has put his name on the list for a heart transplant?

"I haven't made a decision," he repeats.

The guy likes to be like Darth Vader. He really has SERIOUS mental issues.

This world is more surreal than any science fiction book.

Sun, 02/05/2012 - 10:01 | 2128316 Jendrzejczyk
Jendrzejczyk's picture

"I'm a little worried that having an actual beating heart may cause me to have empathy for my fellow man," Cheney noted.

Sun, 02/05/2012 - 02:31 | 2128066 JPMorgan
JPMorgan's picture

QUOTE Gerald Celente

" When the money stops flowing down to the man in the street, the blood starts flowing in the streets. "

 " When people lose everything and have nothing left to lose they lose it. "

I don't think you have seen anything yet.

Sun, 02/05/2012 - 03:13 | 2128102 PrintPressPimpin
PrintPressPimpin's picture

he has been on a roll since getting ripped off by corzine.. his radio interviews are way better now.. and greece is going to have to deal with this sooner or later.. the can will only be kicked for so long in greece of all places.. and his spot on quote about when the money stops flowing... it will in greece, it has to.  when the pensioner who thinks hes entitled to that money doesnt get it anymore and is hungry things change very quickly..   exciting times for sure

Sun, 02/05/2012 - 06:24 | 2128193 resurger
resurger's picture

"exciting times for sure"

For sure PPP


Sun, 02/05/2012 - 11:45 | 2128489 Calmyourself
Calmyourself's picture

Hunger is the key, followed closely by lack of circus..

Sun, 02/05/2012 - 05:36 | 2128136 resurger
resurger's picture

and dont forget this one:

"Mother Fucker Global"

Envision Jon Corzine Lynched in a lamp post near you ...

Sun, 02/05/2012 - 02:52 | 2128081 Conman
Conman's picture

Don't worry, on Monday we'll get a headline that the deal is hours away and all will be forgotten until the next day when the deal will also be hours away.

Sun, 02/05/2012 - 02:58 | 2128090 curious1
curious1's picture

This Troika official reminds me of Donald Rumsfield:

"They think, that we think that the unthinkable cannot be thought. But they better think again," the first official said.

Sun, 02/05/2012 - 02:58 | 2128091 curious1
curious1's picture

This Troika official reminds me of Donald Rumsfield:

"They think, that we think that the unthinkable cannot be thought. But they better think again," the first official said.

Sun, 02/05/2012 - 03:30 | 2128110 caerus
caerus's picture

superbowl weekend market wisdom...

supermodel rejects dollar pay

the tuck rule is bullshit...

Sun, 02/05/2012 - 03:43 | 2128119 lolmao500
lolmao500's picture

LOTS of hardware being deployed in the middle-east.

More servicemen have been deployed to the Omani island of Masirah where a US military base is operating. Additionally, more than 10,000 US soldiers have been stationed in Israel to test this Middle Eastern country’s missile defense system. Another 15,000 US servicemen have been stationed in Kuwait. 

Hundreds of concrete-piercing bombs have been delivered to a US military base on the Diego Garcia in the Indian Ocean, and two US aircraft carrier battle groups are currently on a mission in the Gulf.  They are expected to be strengthened by one more aircraft carrier, the Annapolis nuclear-powered submarine and a Momsen destroyer. A US military base in Qatar already sees the stationing of several bombers, cargo planes and long-range drones. In the meantime, France and Britain have also dispatched their troops to the United Arab Emirates and Saudi Arabia.

Sun, 02/05/2012 - 04:14 | 2128131 Laretes
Laretes's picture

They are attacking the wrong guy though. He was the one who force G-Pap out of office, which was a step in the right direction. Now of course he is as powerless as everyone else.

Sun, 02/05/2012 - 04:25 | 2128137 AnAnonymous
AnAnonymous's picture

Well, material for feeding the new wave of colonization US citizens have triggered.

Wont find jobs at home, support system is bellying up, and are troublemakers for decades to come.

I wonder on what country the Greeks are going to pour that too much of US citizens they have.

In all cases, the recipient country is going to suffer. A lot.

Sun, 02/05/2012 - 13:03 | 2128656 prole
prole's picture

Like Tibet non? How many Tibetans did you kill today?

When are you going to invade Taiwan?

Which country will be the next for the insatiable Chinese citizen to devour?

Sun, 02/05/2012 - 04:47 | 2128142 Sandmann
Sandmann's picture

Police is searching for those responsible for the unexpected attack


I do wonder how hard they will look !

Sun, 02/05/2012 - 06:31 | 2128196 I am Jobe
I am Jobe's picture

There are very many ignaorant Amercians out there and still being dumb about lots of things. I guess as long as the TV is on and sales at macy warrants they will be led ot the slaughter houses. Are Americans getting too dumb or too inbred ?

Sun, 02/05/2012 - 07:21 | 2128220 PORTA PORTA
PORTA PORTA's picture

Let me give you some IMPORTANT NEWS.

The 3 parties in the coaligion Gov in Greece, AGREED !! that Greek State SHOULD Guarantee their Poilitical Party Loans and obligations... only lst week. !!

That is , me and my fellow Greek citizens MUST and WILL guarantee their Black Political Holes.

They issued Loans with collateral the FUTURE Gov grants to the Political Parties ! The grants are issued according to each party's % on the elections.

On the next elections - if Germany allows us - the 2 ruling parties ( PASOK/GAP and ND ) will get a 25% combined ! xaxaxa

BUT they have already issued Loans as if either of them would win the elections with absolute majority... or according ot the Law 38% + plus a bonus of 40 seats to 1st party.

You understand the SICKNESS of the SYSTEM ??

Since they have no chance to win any forthecoming election.. they AGREED that the Greek people will pay their Loans !...

SO any kind of reaction from Greek citizens is excused ! its a Political and Banking OMERTA.



PS. the Banks ofcourse... granted the Loans to the Pparties... and accepted the risk of the/THAT collateral...!!

Nobody asked them... "what if they dont get majority? who pays the liability ?? "



Sun, 02/05/2012 - 07:31 | 2128226 nah
nah's picture

with all the war, security state, global agendas, and extranational finance used on the world to make things normal


sure is alot of revolution pouring out the hands of the elite...

Sun, 02/05/2012 - 08:29 | 2128250 fijisailor
fijisailor's picture

Debt limit - a guide to easily understand how it works

Sun, 02/05/2012 - 09:36 | 2128291 DonGenaro
DonGenaro's picture

The revenge of the "commoners" draws near.

Recall the last words of Marie Antoinette: "What the hell was that ??"

Sun, 02/05/2012 - 09:55 | 2128309 PORTA PORTA
PORTA PORTA's picture
Greece Could Default Outright, Maybe it Should, For it Now Has a Primary Surplus

The Greek debt negotiations are getting into a very interesting phase indeed. Interesting as in, if you’re not scared about what might happen then you’ve not been paying attention.

OK, so we all know that Greece has to cut its debt burden. There’s going to be a haircut for some groups that hold the bonds. The information for public consumption is that it will only be the private sector holders who have to take the loss. The inside word is that this isn’t enough, some of the public sector holders are going to need to take one too otherwise Greek total debt won’t fall enough to be sustainable.

However, there are two new points which make the resolution of all of this much more difficult: exciting if you like. The first is this absolutely astonishing demand the FT says is being made of Greece:


Absolute priority to debt service. Greece has to legally commit itself to giving absolute priority to future debt service. This commitment has to be legally enshrined by the Greek Parliament. State revenues are to be used first and foremost for debt service, only any remaining revenue may be used to finance primary expenditure. This will reassure public and private creditors that the Hellenic Republic will honour its comittments after PSI and will positively influence market access.
De facto elimination of the possibility of a default would make the threat of a non-disbursement of a GRC II tranche much more credible. If a future tranche is not disbursed, Greece can not threaten its lenders with a default, but will instead have to accept further cuts in primary expenditures as the only possible consequence of any non-disbursement.

That is absolutely astonishing. These are harsher terms than the British Empire ever imposed, even backed up by gunboats and the Royal Navy. Imposed on anyone at all that is, not just whatever tussles were had with Greece.

An “all good efforts” committment to debt repayment is usual enough but an absolute one simply unheard of. It does, quite literally, say that if there’s an outbreak of plague that sweeps through the country (or any other disaster you might like to think of) then Greece has to repay the debts before offering health care to its own citizens at a time of national disaster.

There really isn’t any way that a democratic government is going to sign up to that: or that any demos would allow their government to do so. Not as and when they understand it that is. This is reducing Greece to less power than a Lander in Germany, to less than a county or city government in the US system. This won’t be agreed to as long as Greece has any alternative at all, that’s my supposition.

And the thing is, Greece does now have an alternative. Stephanie Flanders at the BBC says that Greece is now running a primary surplus. I explained the implications of that (with reference to Italy) back here. Long story short, if you’re in primary deficit then you’ve got to do pretty much what you’re told. However, if you’re in primary surplus you have the option (yes, an explosive one, a difficult one, but it is an option) to tell everyone to go take a hike.

In fact, if you’re running a primary surplus and also have huge debts (Greece’s position) then you’re probably better off telling everyone to go take that long walk off a short pier.

And that of course is where all the danger lies. Greece now has choices, something they really rather didn’t 6 and 8 months ago. And at this time when Greece has choices it’s being asked to sign up to something entirely unacceptable. So it might well be forced into making the choice that most would really rather it didn’t: a hard default.

After all, to misquote Stalin, how many divisions does the EU have to stop them?




Sun, 02/05/2012 - 10:01 | 2128315 Heroic Couplet
Heroic Couplet's picture

Yawn. Europeans need to attack the families of the private bank cartel and take them out.


Sun, 02/05/2012 - 10:28 | 2128357 overmedicatedun...
overmedicatedundersexed's picture

seems some bls adjustment required in Nevada as voter turnout dropped from 08 big time..seasonally adjusted the votes went as planned - thank you the reptile elite got what they needed.

Sun, 02/05/2012 - 13:44 | 2128811 In Fed We Trust
In Fed We Trust's picture

1. Abolish the FED.

2. Renege on all NATIONAL debt,
As it was made/loaned to us under FALSE and FRAUDULENT pretenses.

3. All home mortgages to be declared PAID IN FULL!

4. New Currency to be based on the total value of all homes in the USA.

If you currently live in a home, expect a check from the new Treasuary dept for the full amount of your house. This is how we float the new currency.

Sound to easy? It is. Just elect Ron Paul.
Well take of the rest.

Its time we send the Money Men to Isreal for good.

Even though this fraud was set up in 1913,

It has become a NatioAl Security issue that needs be delt with.

Sun, 02/05/2012 - 15:43 | 2129100 Hobbleknee
Hobbleknee's picture

"Youth" is Eurospeak for unemployed 25 year-olds.

Sun, 02/05/2012 - 18:36 | 2129428 Dermasolarapate...
Dermasolarapaterraphatrima's picture

The slaves are restless.

Do NOT follow this link or you will be banned from the site!