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Athens - The Morning After: 48 Buildings On Fire, 150 Looted, Hundreds Arrested

Tyler Durden's picture





 

There is a silver lining to Athens' ever uglier transition to a third world country: the massive GDP boost that awaits it as it sets off to fix broken windows and burned down buildings. In fact, we eagerly await Krugman's OpEd praising some of the more recent developments out of Greece in the past 48 hours. Granted, the country will need to get even more bailout funding from the Troika for said GDP boost to occur, but who cares about details anymore.

From Athens News:

Police said 150 shops were looted in the capital and 48 buildings set ablaze. Some 100 people – including 68 police – were wounded and 130 detained, a police official said on Monday.
There was also violence in cities across the country, including Thessaloniki and the islands of Corfu and Crete.
 
Athenians were shocked at the burnt buildings that included the neoclassical home to the Attikon cinema dating from 1870.
"We are all very angry with these measures but this is not the way out," said Dimitris Hatzichristos, 30, a public sector worker surveying the debris.
Altogether 199 of the 300 lawmakers backed the controversial bill. The 43 who rebelled were immediately expelled by their parties, Pasok and New Democracy.
"Night of terror inside and outside the parliament," conservative daily Eleftheros Typos wrote on its front page.
Asian shares and the euro gained modestly on Monday and MSCI's broadest index of Asia Pacific shares outside Japan edged up as much as 0.3 percent.

Some of the more vivid images from this morning's cleanup crew:

Athenians swept rocks and broken glass from the streets of their city on Monday after a night of violence that gave MPs a taste of the challenge they face in implementing a deeply unpopular austerity bill demanded by the troika.

 

Firefighters doused the smouldering remains of several buildings, set ablaze by hooded youths during protests against the package of pay, pension and job cuts adopted by parliament just after midnight, on Monday morning, after 10 hours of debate.

And while we already knew that democracy is only that on paper, and until someone disagrees, following the expuslion of 43 deputies from their respective parties for disagreeing with the ongoing sacking of Greece by Europes' banks, here are potential next steps.

"Enough is enough!" said 89-year-old Manolis Glezos, one of country’s most famous leftists. "They have no idea what an uprising by the Greek people means. And the Greek people, regardless of ideology, have risen."  Glezos is a national hero for sneaking up the Acropolis at night in 1941 and tearing down a Nazi flag from under the noses of the German occupiers, raising the morale of Athens residents.

Odd: the Greeks managed to stand up to the Nazis, yet when it comes to standing up to Europe's banker cartel, the best the "risen" Greek people can come up with is looting and burning down their own country? Oh well, in the scramble for the last money good asset yet to be pillaged, all is fair in love and rehypothecation.

 


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Mon, 02/13/2012 - 09:01 | Link to Comment Schmuck Raker
Schmuck Raker's picture

Better than expected.

Mon, 02/13/2012 - 09:03 | Link to Comment Max Hunter
Max Hunter's picture

And the Euro, she's a climbing...

Mon, 02/13/2012 - 09:06 | Link to Comment LongSoupLine
LongSoupLine's picture

 

 

Guess I picked the wrong week to stop sniffing glue...

Mon, 02/13/2012 - 09:07 | Link to Comment francis_sawyer
francis_sawyer's picture

Well ~ they spent that 19% that they'll be getting rather quickly...

Mon, 02/13/2012 - 09:10 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Worse....they've spent the other 19% they were hoping to get after that.

 

 

 

Mon, 02/13/2012 - 09:18 | Link to Comment Harlequin001
Harlequin001's picture

Even the dog looks pissed off...

With regard to this, 'Odd: the Greek's managed to stand up to the Nazis and yet when it comes to standing up to Europe's bankers, the best the "risen" Greek people can come up with is looting and burning down their own country. Oh well, in the scramble for the last money good asset yet to be pillaged, all is fair it appears.', can someone explain at what point the Greek people are allowed to define the term 'Enemies both foreign and domestic?"

Mon, 02/13/2012 - 09:39 | Link to Comment HoofHearted
HoofHearted's picture

Lots of broken window fallacies for everyone....bitchez.

Mon, 02/13/2012 - 09:48 | Link to Comment trav7777
trav7777's picture

the greeks torch the only things they have.  The party is over so burn the house down?

The leftists will fill this vacuum by promising a bunch of shit for free again.

Mon, 02/13/2012 - 10:19 | Link to Comment Colonial Intent
Colonial Intent's picture

Most "Leftists" I know think people buy too much shit to start with, like SUV's instead of TaTa's, Ricerony instead of fresh food, Viagra instead of Penicillin, Coca Cola instead of clean water,  Etc Etc.

"leftist" Surely you're not old enought to remember Mccarthyism...............

Mon, 02/13/2012 - 11:17 | Link to Comment Dumpster Fire
Dumpster Fire's picture

WTF you have against Rice-a-Roni? 

Mon, 02/13/2012 - 11:54 | Link to Comment Colonial Intent
Colonial Intent's picture

LOL!

Mon, 02/13/2012 - 10:49 | Link to Comment Oleander
Oleander's picture

Greeks woke to find the country in ruins!

Mon, 02/13/2012 - 13:54 | Link to Comment donsluck
donsluck's picture

+1 or ruins in the country!

Mon, 02/13/2012 - 10:26 | Link to Comment Shizzmoney
Shizzmoney's picture

Odd: the Greek's managed to stand up to the Nazis and yet when it comes to standing up to Europe's bankers, the best the "risen" Greek people can come up with is looting and burning down their own country.

Plus infinity here.  This really exemplifies why fascism, and subverted fascism at that, is the most dangerous foe to freedom in the history of civilization.

I had a good agrument on this with a buddy of mine who teaches at George Mason U.  I said that the reason why most voters' complain about today's US political landscape is because we live in "quasi-fascism".  He disagreed, saying while things are bad and corrupt, we "are not Spain in the 1930's under Franco."

As much as Franco was a right wing statist who tried to eliminate any opposition in site, he wasn't a fascist (in my view).  Fascism is very much misindentified in today's society.  People view it as the Nazis or Italy in 1940s; where in fact, all of the states mentioned above where NATIONALIST: where the STATE is the main corporation, the main religion, the main mission statement for its citizens.  The whole "Third Reich" conqueror mentality.  Think Alexander the Great; not Jaime Dimon.  Saluting a flag that represents a NATION; not a dollar that represents INFLATION.

Fascism, on the other hand, is more represented in this picture:

http://www.adbusters.org/files/cultureshop/products/corpflag2010.jpg

THAT'S fascism; when states and constitutional entities are replaced by groups of big corporations and special interests that write the laws, circumvent citizen caucuses, and shape the way we earn, eat, and live our lives. 

Think of it; Walmart/Exxon/Apple/Coca-Cola have bigger GDPs than most COUNTRIES.  Corporations quite often get their way in legislation (ex: McDonald's/CIGNA and the Healthcare bill) and when they don't, they throw a hissy fit and blackmail government entities with threats of monetary and employment withdrawal (ex: Chris Dodd and the MPAA; Catepillar shutting down a plant in Canada over wages).  When corporate leaders get immunity for crimes that EXTRACT resources from society, just because they have alot of connections and green pieces of paper (ex: Jon Corzine), yet as black kids in the Bronx get caught with a nickle bag of weed, they get shot to death in their bathroom.

Corporations are also subversive in propaganda in shaping the populace to vent their anger at the puppet politicans they represent; that's why the people are throwing their hands up without finding someone to blame, because in reality, the majority of those who cooperate in eroding liberties for profit has become a way of life.  It surrounds us.  The "It is what it is" syndrome. 

It's much easier to wage war against a nation of brown shirts who talk funny, than it is to wage war against a system of corrpution lead by those who the populace believes creates value for society, who have our best interests in heart.  Because in reality, we've all become corrupt, including our critical thinking process.  Being selfish is considered a trait: "Treat yourself".  Hypocracy becomes  bullish, and liberty becomes bearish.

Look at Greece now.  They blame Germany, who is (correctly) the quarterback of this austerity mess, but who else is to blame?  Beside the flaccid Greek populace and government (who are now literally a day late, and a trillion dollars, short), the main architects of this bullshit are bankers of German, Dutch, British, and yes, even American, origin.

The greatest trick the Devil ever pulled was convincing the world he didn't exist.

Mon, 02/13/2012 - 10:45 | Link to Comment NewAmericaNow
NewAmericaNow's picture

I disagree with the corporate facism model because walmart has no armed enforcers, neither does McDonalds. The State has the monopoly of force and violence and if it (gov) wanted to take in Loyd Blankfein or anyone else for that matter, even if they had to make up a case, it would be done. Government is like the mob, it gets protection money but has all the hitmen. They can make anyone disappear. We the people have given government too much power because some think by doing so it will solve the worlds problems for them, however, people forget the lessons of history. A governmnet powerful enough to give you all you need is also powerful enough to take everything you have. Silly progressives.

Mon, 02/13/2012 - 11:00 | Link to Comment Omen IV
Omen IV's picture

The greatest trick the Devil ever pulled was convincing the world he didn't exist.

you are proving his point  - you have been tricked !

 

Mon, 02/13/2012 - 20:25 | Link to Comment StormShadow
StormShadow's picture

+1 for excellent Usual Suspects reference

Mon, 02/13/2012 - 11:21 | Link to Comment Shizzmoney
Shizzmoney's picture

I disagree with the corporate facism model because walmart has no armed enforcers, neither does McDonalds.

Yeah they do, it is called, "the government".  Who do you think writes those checks the government signs; provides jobs for the populace that keeps a buffer between the politicans and the pitchforks?

Look at how the police beat the shit out of OWS protestors for JPMorgan, who gave them 4 million in a donation.  Look at how the United States Military, for the last 20 years have waged war, covertly or overtly, on countries that threaten the corportocracy's OWN interest (Oil). And these companies do employ in-house loss prevention as well in, terms of surveillance and security, and in some  cases, these people ARE armed.

Lastly, look at the 4 presidents who wanted to change monetary policy: Lincoln (Greenbacks), Garfield (Bonds), McKinley (Treasuries), JFK (Gold/Silver standard).  Guess what happened to them when they were in office?

Think of it in terms of land ownership, which is the real premium in corporate elitism.  Once they grab that, then its your wealth.  Then its your body.  Then its your soul.

Washington IS Wall Street.  Wall Street IS Washington.  Einhorn is Finkle; Finkle is Enhorn.

We aren't talking about small business here; we are talking about big entities who circumvent law and convince the people to open wide and hope they are lucky enough to get the sweet drip of fiat.

Mon, 02/13/2012 - 12:16 | Link to Comment LvM
LvM's picture

Why do you think there is such a thing as "social security"? Might it have something to do with the fact that average people - not the corporations - want it? The state is a system in which everyone tries to live at the expense of everyone else. That means everyone; JP morgan, McDonalds, Obama, but also Joe Sixpack.

But with the state it is either to take advantage, or be taken advantage of. It's foolish to expect corporations not to try to influence government policy; that would not be neutral, but detrimental to their interests.

Where there is a state, there are entities that will try to use it for their benefit. Long before corporations and banks even existed there was state tyranny. Get the hint.

A last remark about JFK: With E.O. 11110 he was attempting to decrease the circulation of silver certificates, with Federal Reserve notes taking their place, actually shifting power from the treasury to the FED.

Mon, 02/13/2012 - 12:23 | Link to Comment cramers_tears
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It's not corporate fascism.  It's just plain old fascism.  Walmart and McDonald's do indeed have armed forces and Monsanto now has a fucking army.

http://www.darkgovernment.com/news/monsanto-now-owns-blackwater-xe/

Mon, 02/13/2012 - 11:59 | Link to Comment eurogold
eurogold's picture

To shizzmoney: Yeah right let's all blame the Germans for allowing this mess to get this far. After all, the Germans actually believed they were doing something good by lending these bandits, and liers Billions upon Billions. Myebe the next time someone asks for such a hand out, the Germans will tell them to go f#*+ themselves. I hope so!

Mon, 02/13/2012 - 12:23 | Link to Comment Shizzmoney
Shizzmoney's picture

Well, I blame the German bankers, not the German people.  The German people haven't seen any benefit from this, minus a favorable UE rate.  They, like in the United States, are having their own "wage-to-money supply" problems, lead by the fact that there is no minimum wage in Germany.  And you can forget Greece (a beautiful country) being a tourist destination for any German anytime, soon.

I *wish* the Germans would have told Greece to fuck themselves; and vice versa.  It would be GOOD for both sides! 

Greece defaults, sets up its own currency, and can rebuild its economy through soveigernty and decentralization.  Germany calls it a loss, focuses on the PIIGS countries to re-balance the Euro. And the Euro can rid itself of a problem that drags down its own currrency.

The thing is: the bankers, corporations, and their paid government thugs don't want that.  That would affect the Euro, which affects confidence in the currency, which leads to higher exports and bad ROI on their investments (and the investments of international banking houses, like Goldman Sachs). 

Plus, people in general, like being on a power trip.  Tell others what to do "just cause". 

Mon, 02/13/2012 - 09:12 | Link to Comment Big Slick
Big Slick's picture

Great point Tyler.  Using KrugmanLogic, Greek glaziers will contribute tremendously to the 2012 GDP.  Question: will the banks see this as Greece meeting austerity milestones?

What're the laws for firearm ownership by Greek citizens?

Mon, 02/13/2012 - 09:08 | Link to Comment Rakshas
Rakshas's picture

the best looking pig perhaps.... as if the hangover wasn't bad enough you wake up and gotta chew your arm off to get away.. 

The USD is gonna be one mean ugly bitch when the world wakes up...

Mon, 02/13/2012 - 09:03 | Link to Comment Conrad Murray
Conrad Murray's picture

A good start. Now, find the politicians and bankers and slaughter them all. Pike the heads at the gates.

Mon, 02/13/2012 - 09:14 | Link to Comment The Limerick King
The Limerick King's picture

 

 

The Greeks are now throwing a fit

They're sick of the Kleptocrat shit

Just do the right thing

Like a brave Spartan King

And kick those pricks into the pit!

Mon, 02/13/2012 - 10:15 | Link to Comment pods
pods's picture

This one gets my vote for your Magnum Opus!

Mon, 02/13/2012 - 09:04 | Link to Comment Rakshas
Rakshas's picture

Wall street prequel??

Mon, 02/13/2012 - 09:59 | Link to Comment LawsofPhysics
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A little early for the hopium don't cha think?

Mon, 02/13/2012 - 09:06 | Link to Comment Dick Darlington
Dick Darlington's picture

Things change but one constant remains: Head of zEuroponzi Olli Rehn

EU's Rehn Is `Confident' Greece Meeting Demands for Next Bailout (BBG)

Well well, where have we heard that before...

Mon, 02/13/2012 - 09:06 | Link to Comment HD
HD's picture

We can only hope all the bankers are okay.

Mon, 02/13/2012 - 09:19 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

They're all doing great.....thanks for asking.

 

 

 

Mon, 02/13/2012 - 09:47 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Wow.....I didn't think bankers got up this early in the morning. Apparently at least one did.

 

Thanks for the junk amigo!

 

 

 

Mon, 02/13/2012 - 09:44 | Link to Comment engineertheeconomy
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My prayers go out to all the Banksters world wide. God bless them and may they keep their  GLOBAL PONZI ENSLAVEMENT SCHEME alive for eternity, so that not even one of them shall ever have to work a day in his life. That would just be wrong...

Mon, 02/13/2012 - 10:08 | Link to Comment Shizzmoney
Shizzmoney's picture

People always wonder who "They" is. 

I think we know, now.

Mon, 02/13/2012 - 09:08 | Link to Comment HD
HD's picture

Unintentional double post.

Mon, 02/13/2012 - 09:07 | Link to Comment fonzannoon
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Michelle somebody hyphen something just explained to me that this looting was done by a small tiny group of anarchists who would rather Greece have voted no. This small group has no bearing on the rest of the country who is very excited for these austerity measures to take place.

Mon, 02/13/2012 - 09:11 | Link to Comment HD
HD's picture

CNBC isn't called "bubble vision" for nothing. It's the 1% reporting to the 0.001% that everything is fine and the unwashed masses have been subdued another day.

Mon, 02/13/2012 - 09:59 | Link to Comment WillyGroper
WillyGroper's picture

SeaBiscuit?

Mon, 02/13/2012 - 10:02 | Link to Comment oldman
oldman's picture

 

dear fonz,

That small tiny group of anarchists is now 180 years old and has always been been the 'jackboot' that brought about torture, hunger, unemployment, destruction, disease, and death.

Oh yeah, my hearties---let's go get those rotten anarchists and string'em up----the banks, the pols, the machine of fuedalism and mercantilism is sacred and holy; besides---they have all the guns and they give us money.

We deserve the shit we eat-----we earn it every minute of our lives

GO SLAVES GO!!!!!!!                        om

Mon, 02/13/2012 - 09:10 | Link to Comment Bobbyrib
Bobbyrib's picture

 

"Athenians were shocked at the burnt buildings that included the neoclassical home to the Attikon cinema dating from 1870. "We are all very angry with these measures but this is not the way out," said Dimitris Hatzichristos, 30, a public sector worker surveying the debris. Altogether 199 of the 300 lawmakers backed the controversial bill. The 43 who rebelled were immediately expelled by their parties, Pasok and New Democracy. "Night of terror inside and outside the parliament," conservative daily Eleftheros Typos wrote on its front page. Asian shares and the euro gained modestly on Monday and MSCI's broadest index of Asia Pacific shares outside Japan edged up as much as 0.3 percent." I wonder what Dimitris will do if they slash his salary by 40-60% (benefits like pension included), or if he gets laid off and he has to get a real job. Something tells me he would not be "OK" with that.

 

Mon, 02/13/2012 - 09:51 | Link to Comment trav7777
trav7777's picture

he doesn't have a choice.

I hated austerity measures forced on me when I was broke too.  But I didn't trash my own place and set my car ablaze to protest them.

There seems to be some confusion around here between paying money back and paying interest.  greece and everyone else SHOULD pay the money back they borrowed.  As for compound interest, that is where the morality comes into play.

Mon, 02/13/2012 - 10:02 | Link to Comment engineertheeconomy
engineertheeconomy's picture

Trav7777 - they DID pay the loan back years ago, what they are trying to do but can't is pay back the interest. It is never possible to pay interest, unless you pay it with counterfeit. As for wether or not he has choice, of course he has choice. He can get rid of the ponzi euro and go back to a currency backed by something other than paper, sweat and tears

Mon, 02/13/2012 - 10:03 | Link to Comment Colonial Intent
Colonial Intent's picture

"I hated austerity measures forced on me when I was broke too"

"But I didn't trash my own place and set my car ablaze to protest them."

So you own a property and a car and yet you think yourself broke?

Isn't that a river in Aegypt?

 

Mon, 02/13/2012 - 09:08 | Link to Comment Catullus
Catullus's picture

Under Keynesianism, the burnt down building are a good thing because now they can spend more money to repair them thus boosting the Greek economy.  See, they're not rioters, they're solution makers.

Mon, 02/13/2012 - 11:09 | Link to Comment Dan Conway
Dan Conway's picture

This is why the markets are up today.  I remember learning this in college and reinforced periodically by Krugman.  All of this GDP boost from repairing all of these buildings, restocking the shelves of Ipads for those cool but overworked 50 year old retiree hairdressers, the overtime to all of those police and fireman to buy more german submarines, etc.  And to think those nice Germans keep sending more money to keep growing the Greek GDP.   The only question that I have for Professor Krugman is why after several months of rioting does the Greek GDP keep declining with all of this stimulus?  It must be George Bush's fault!

Mon, 02/13/2012 - 09:08 | Link to Comment NoClueSneaker
NoClueSneaker's picture

How many AR-15s in NJ?

Good luck, NYPD :-P

Mon, 02/13/2012 - 09:57 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

Legal or quasi-legal?

 

 

Mon, 02/13/2012 - 09:09 | Link to Comment latizziforchizzi
latizziforchizzi's picture

The Greek Redux

 

Mon, 02/13/2012 - 09:09 | Link to Comment cossack55
cossack55's picture

Perhaps Mr. Glezos would like to repeat his heroics by climbing the Greek CB building and ripping down the Euro flag.

Mon, 02/13/2012 - 09:56 | Link to Comment Colonial Intent
Colonial Intent's picture

WW2 Hero Manolis Glezos sprayed with teargas by Greek riot police.

http://garizo.blogspot.com/2010/03/blog-post_5605.html

Mon, 02/13/2012 - 11:41 | Link to Comment greyghost
greyghost's picture

yes, mr. glezos is still a communist agitator after all these years. what with the soviet stamp to honor his actions against the nazis. and all that chatter in a previous post about fascist and nazis and communist and maoist, when they are all the same "shit" in different buckets. every single one will put a bullet in your head when you disagree with them. should i give a rats ass whether the communist state owns my cow, or whether the nazi/corporate state tells me what to do with the cow i own. that is like asking me whether i want to be shot by a tiger tank or a stalin tank...oh see i have a choice after all.....how sweet.

Mon, 02/13/2012 - 12:13 | Link to Comment Colonial Intent
Colonial Intent's picture

In response:

Are you demeaning his act by suggesting that because he got a soviet stamp approving it the act itself is diminished in honorific value?

At least he has a values system that places people above profit, do you?

What did you do in the war daddy-O?

You own a cow?

Can you choose to stop building tanks please?

 

Mon, 02/13/2012 - 09:10 | Link to Comment Jacks Cold Sweat
Jacks Cold Sweat's picture

..Looks like a black swan to me  >.<

Mon, 02/13/2012 - 09:14 | Link to Comment whoopsing
whoopsing's picture

Blackened swan...Mmmm tasty

Mon, 02/13/2012 - 09:51 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

Bit tough and gamey. I prefer roasted pigs.

Substitute capitals if you like. Either way's fine.

Mon, 02/13/2012 - 11:40 | Link to Comment Dukepinewood69
Dukepinewood69's picture

Being from down in N.C.,I prefer my pigs smoked...mmmmm are not the piigs now starting to "smoke" as well?

Mon, 02/13/2012 - 09:14 | Link to Comment Element
Element's picture

um ... anyone else think it's odd that Greeks are torching Greek employer's businesses?

Fifth column?

Mon, 02/13/2012 - 09:14 | Link to Comment Fantasy Planet
Fantasy Planet's picture

Long on Marshmellows. 

Mon, 02/13/2012 - 09:15 | Link to Comment Bartanist
Bartanist's picture

The Greek government had two choices.

1. To default/rebel and try to strike out on their own (finding new allies amongst the weaker countries) with a new internal country currency that would not be accepted in global markets.

2. Or, become a beaten slave and allow them to be used as an example to politicians everywhere, what happens when you don't do as the masters command. If you defy the masters, the people will rise and destroy your country. *I wonder who "the people" are. Are they agents provacateur?)

It does not seem as if Number 1. was ever considered because the toadies in charge serve those who wanted Greece to burn and serve as an example. Austerity as a means to throw off the yoke was never presented as an option... only austerity and more and increasing oppression. Burning is the logical conclusion when there is no hope, only fear and despair.

Mon, 02/13/2012 - 09:15 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

'Odd: the Greek's managed to stand up to the Nazis and yet when it comes to standing up to Europe's bankers, the best the "risen" Greek people can come up with is looting and burning down their own country. Oh well, in the scramble for the last money good asset yet to be pillaged, all is fair it appears.'

Not really sure how that is odd. It seems if it were their country they should be able to exercise some control over the political process, no? Oh, well, I'm sure Forbes will think twice about buying there now.

Mon, 02/13/2012 - 09:16 | Link to Comment UGrev
UGrev's picture

48 buildings on fire.. and people STILL got arrested? wtf Athens! I thought you were going to fix the Pig problem..  heh.. you see what I did there? 

Mon, 02/13/2012 - 09:16 | Link to Comment Cursive
Cursive's picture

When you treat people like chattel, you will get bloody rebellion.

Mon, 02/13/2012 - 09:17 | Link to Comment Sudden Debt
Sudden Debt's picture

Just give them some nukes and speed up the demolition!

 

Mon, 02/13/2012 - 09:18 | Link to Comment Serfs Up
Serfs Up's picture

More Greek ruins to visit.

This is good news for the Greek tourism revival story.

Bullish!

Mon, 02/13/2012 - 09:22 | Link to Comment flyonmywall
flyonmywall's picture

When in doubt, burn it down. In effect, that's what the banksters are doing anyway, to people's lives and dreams for the future. Screw it all.

 

Mon, 02/13/2012 - 09:27 | Link to Comment Seasmoke
Seasmoke's picture

100 people hurt, 68 0f them police.................seems like a good night

Mon, 02/13/2012 - 09:57 | Link to Comment Arrowhead
Arrowhead's picture

Don't the police have like a gazillion archers to put down this upheaval?

Mon, 02/13/2012 - 09:34 | Link to Comment Element
Element's picture

Granted, the country will need to get even more bailout funding from the Troika for said GDP boost to occur, but who cares about details anymore.

 

Nonsense!  Just the contrary, if there is enough damage it will reach a critical-mass and recovery will take hold of its own volition.  All that's wrong here is that not enough damage has occurred yet.  As an economist it's perfectly clear that they need to up the ante here and really smoke that bitch.  Unfortunately, the Govt still haven't figured-out that with each fire it brings them closer and closer to sustained recovery and new investment.  If they had a sound understanding of economics they'd already mercifully be in there with F-16s and 155mm artillery!  Don't believe me?  Just look at Beirut today!  This is why they pay me the big bucks.

- Paul

Mon, 02/13/2012 - 09:30 | Link to Comment max2205
max2205's picture

See something say something...fail

Mon, 02/13/2012 - 09:34 | Link to Comment engineertheeconomy
engineertheeconomy's picture

See something say something throw a molotov coctail at them

Mon, 02/13/2012 - 09:37 | Link to Comment GetZeeGold
GetZeeGold's picture

 

The bad news is they're out of tear gas.......the good news is they still have gasoline.

 

 

Mon, 02/13/2012 - 09:32 | Link to Comment engineertheeconomy
engineertheeconomy's picture

 Usury is unpayable.

Mon, 02/13/2012 - 09:33 | Link to Comment Iam_Silverman
Iam_Silverman's picture

Surely they could see this coming - we've been warning them for years not to cut funding to the midnight basketball sessions!

Mon, 02/13/2012 - 09:36 | Link to Comment Northeaster
Northeaster's picture

"the Greeks managed to stand up to the Nazis, yet when it comes to standing up to Europe's banker cartel" -

Having lived there a couple years decades ago, anyone remember "November 17"? They were picking us (Americans) off all the time. It wasn't until the bombing at "Bobby's" (patronized by mostly military) that they were finally reigned in shortly after. 

Ironic, that people around the world will revolt for religious or political purposes, but when those same politicians enable a "Banking Cartel" to literally steal from your own children, they do relatively nothing. I mean, those bankers and politicians are still alive aren't they? What do they care if a building gets burnt to the ground?

Just like here in the States, except Americans have become better spectators.

Mon, 02/13/2012 - 09:51 | Link to Comment unrulian
unrulian's picture

Just like here in the States, except Americans have become better spectators.

 

no they haven't, they are not even spectators...auction hunters and the cardasians are their spectator sports

Mon, 02/13/2012 - 09:42 | Link to Comment LouisDega
LouisDega's picture

Dow futes up 79. Looks like another glorious day for Apple. Speaking of Apple, Will i be alive for IPad 3 or should i buy the Ipad 2 today with my Timmah refund?

Mon, 02/13/2012 - 09:43 | Link to Comment Belarusian Bull
Belarusian Bull's picture

Bullish.

Mon, 02/13/2012 - 10:06 | Link to Comment ugmug
ugmug's picture

Keynesianism of the Auto World -

.... The more you spend on gas the larger the engine output will become........

Krugman hasn't figured out that inflating intangible assets will never be, and can never be, recognized by any 'real world' economic process.

As the value of the gas goes up so does the value of the exhaust, with no net gain in engine output.

 

Mon, 02/13/2012 - 09:51 | Link to Comment Colonial Intent
Colonial Intent's picture

"the Greeks managed to stand up to the Nazis, yet when it comes to standing up to Europe's banker cartel"

Tyler Durden, The armchair activist.

(He likes to watch, rather than participate)

WW2 Hero Manolis Glezos sprayed with teargas by Greek riot police. http://garizo.blogspot.com/2010/03/blog-post_5605.html
On May 30, 1941, he and Apotolos Santas  climbed on top of the Acropolis  and tore down the Nazi Swastika flag , which had been there since April 27, 1941, when the Nazi forces had entered Athens.

Glezos was arrested by the Nazi's on March 24, 1942, and he was subjected to imprisonment and torture. He was arrested again on April 21, 1943 by the Italian occupation forces and spent three months in jail. In February 7, 1944 he was arrested yet again, this time by Greek Nazi collaborators. He spent another seven and a half months in jail, until he finally escaped on September 21 of the same year.

Better luck next time tyler:-)

Mon, 02/13/2012 - 10:18 | Link to Comment oldman
oldman's picture

Hey Colonial,

The 'Tylers' are all dead

these dudes are the tilers

don't disturb them with facts

all youi'll get will be the red button

This used to be a great site, but this populist shit they're putting up so often now

just attracts more rednecks

the site is less interesting and many of the brighter guys do not make comments any longer

There has been a definite shift in these last six months

almost like a government takeover----sort of like so many other sites

it's so frustrating to watch humans      om

 

Mon, 02/13/2012 - 10:42 | Link to Comment Colonial Intent
Colonial Intent's picture

True,

It's not their emotional factless rants I mind (they give me giggles), its thinking their readers are stupid enough to believe them, their economics isnt too bad apart from the gold BS, its their lack of knowledge/understanding regarding history and politics that bug me.

Its almost as if they are commercializing the site in order to profit from it.....

Shurely their ad revenue cant be that high?

Mon, 02/13/2012 - 12:34 | Link to Comment MobBarley
MobBarley's picture

a bunch of shitheads from a god like production us air force / church of satan psyops website

have lately invaded zero hedge degrading the overall level of posts.

These white trash crackers are similiar to the youth generation core mandate of 'go sampson'

but with a slightly more selfish 'vampiric' magickal thinking central concept.

 While the youth intend to deprive the nwo of power by destroying everything completely

for entirely unselfish purposes, the nwo types are trying to use a slow encroachment destruction

to envelop with tyranical oppresion in order to yeild a utopian '1000 year golden dawn age'

Funny thing about those utopian dreams, they never work out.

 

Mon, 02/13/2012 - 09:51 | Link to Comment proLiberty
proLiberty's picture

Reality: only 100 jelly beans in the jar.

Keynesians: We 'leveraged' the jelly beans 20x, and printed 2,000 jelly bean vouchers to be handed out to people with 'urgent unmet needs' for jelly beans.  This will solve the jelly bean shortage.

Austerity measures:  We can't service the debt of 2,000 jelly beans.  We must cut back to 1,500!

Dependent Citizen:  I'm mad as hell that you are cutting my pension.  I demand you create more vouchers.

 

Mon, 02/13/2012 - 09:55 | Link to Comment engineertheeconomy
engineertheeconomy's picture

REALITY: THE BANKERS ALREADY HAVE ALL 100 OF THE JELLY BEANS 

Mon, 02/13/2012 - 10:11 | Link to Comment ironmace
ironmace's picture

and they ate them.

Mon, 02/13/2012 - 12:40 | Link to Comment MobBarley
MobBarley's picture

Actually, the banker (kids) are standing at the edge of the jelly bean field, along with all 7 billion other kids, saying they

own the jelly beans on paper.  How's this going to turn out?

I just hope their is enough jelly beans for all.

 

Mon, 02/13/2012 - 09:54 | Link to Comment Broken Window
Broken Window's picture

Bullish on glass manufacturing!

Mon, 02/13/2012 - 09:58 | Link to Comment Gamma735
Gamma735's picture

Disco inferno!  Another dance party tonight!

Mon, 02/13/2012 - 09:59 | Link to Comment CharlesH
CharlesH's picture

Even the dog on the picture is pissed. They need 2 men to hold the leash.

Mon, 02/13/2012 - 10:14 | Link to Comment ironmace
ironmace's picture

DEFAULT ALREADY!!

Mon, 02/13/2012 - 10:19 | Link to Comment Pangasius
Pangasius's picture

They obviously feel that it IS NOT their country anymore. Don't you ever feel that way about the great LIE that is the UNITED STATES OF AMERICA?!!?

HMM TYLER? 

Mon, 02/13/2012 - 10:27 | Link to Comment Use of Weapons
Use of Weapons's picture

Video of some of the events last night:

#1 Motorbike Police driving through peaceful crowd... crashes into lamp-post

#2 Protesters throwing bar stools / tables into the road to block said police

#3 Extensive use of flash-bangs... at 2:00 exactly, what looks to be a ricochet bounces back & sets fire to / damages a car

#4 Motorbike police return from a largely pointless sortie exactly the way they've come

http://www.youtube.com/watch?v=aWEVNGcwInE&feature=player_embedded

Video of when the police started using tear gas: 2:44 is pretty damning

http://www.youtube.com/watch?v=ljylodkCX84

Mon, 02/13/2012 - 10:31 | Link to Comment hazek
hazek's picture

The reason for these random outbursts of violence, looting and rioting is fairly simply. The people know they have been conned and are angry about it but compared to the Nazis where the enemy was very obvious they haven't been taught the knowledge necessary to understand who/what exactly is their enemy this time around.

 

I'm confident if people understood it's the system of fiat paper money and having a central bank that is at fault, that's who they'd be violent against and loot and riot in front.

Mon, 02/13/2012 - 10:39 | Link to Comment jtlien
jtlien's picture

To paraphrase Nixon,   We are all Grecians now.

But like Nixon converting to Keynesianism, this is not a good thing.

 

Mon, 02/13/2012 - 10:56 | Link to Comment the tower
the tower's picture

'Odd: the Greek's managed to stand up to the Nazis and yet when it comes to standing up to Europe's bankers, the best the "risen" Greek people can come up with is looting and burning down their own country.'

 

Nazis were wearing a swastika on their arm, it's more difficult to recognize a banker.

 

It's always the looters that grab their chance, but it shows the average Greek is still civilized about it all. Until the cuts really hit home. And then the bankers will be known. And not just in Greece.

Mon, 02/13/2012 - 11:39 | Link to Comment michael_engineer
michael_engineer's picture

Regarding the disaster capitalism delusion :

 

On the upslope of the Hubbert curve it kind of made sense to think of disaster capitalism in a positive way.  Broken stuff got fixed and generated GDP (but the disaster capitalism train of thought worked best if it wasn't YOUR stuff getting broken).  The negative affects of the disasters were masked by them happening on the upslope of the Hubbert curve where overall positive growth made the system as a whole bigger and better, even in spite of disaster setbacks in some places.   But on the downslope of the curve, disaster setbacks may not get fixed at all as there is little surplus if any to take from other needs.  Just look at Haiti as an example. 

Mon, 02/13/2012 - 22:32 | Link to Comment Cathartes Aura
Cathartes Aura's picture

Haiti, home of the fourth largest US embassy in the world? 

after

 

  1. baghdad
  2. china
  3. berlin

that Haiti?

yeah, they'll get more occupation, more "disaster setbacks" with little "surplus" -

ever wonder why. . .?

Mon, 02/13/2012 - 12:05 | Link to Comment Fix It Again Timmy
Fix It Again Timmy's picture

Don't burn, damnit!  Barrett!

http://barrett.net/firearms/m107a1

 

Mon, 02/13/2012 - 13:48 | Link to Comment malek
malek's picture

The 43 [lawmakers] who rebelled [against the controversial bill] were immediately expelled by their parties, Pasok and New Democracy.

Finally, a sign of functioning democracy!   /sarc

Mon, 02/13/2012 - 15:47 | Link to Comment MobBarley
MobBarley's picture

Amazing. the power of money over politics bared completely.

Like walking in on your mom stark naked.

her, not you, you pervert.

 

Mon, 02/13/2012 - 15:43 | Link to Comment MobBarley
MobBarley's picture

I'm so upset the circa 1870 neo-classical Attikon cinema burnt down

taking all that fine corinthian leather seating with it. now my plans

to propose to the love of my life there shall never happen unless

we stand amidst the ashes of , symbolically, an entire world burnt

to the ground.

 

 

 

Mon, 02/13/2012 - 15:43 | Link to Comment SamAdams1234
SamAdams1234's picture

Let the austerity cuts take effect on the average man, woman and child. Then watch Goldman's Prime Minster's reaction. The revolt has not even started.

But for a king dethroned in the bosom of a revolution, which is as yet cemented only by laws; a king whose name attracts the scourge of war upon a troubled nation; neither prison, nor exile can render his existence inconsequential to public happiness; this cruel exception to the ordinary laws avowed by justice can only be imputed to the nature of his crimes. With regret I pronounce this fatal truth: Louis must die so that the nation might live. ”   — Maximilien Robespierre, 1792
Mon, 02/13/2012 - 22:14 | Link to Comment diesheepledie
diesheepledie's picture

I hope they do it again. AAPL will soar!! Broken through 500 Bitchez! Burn some more buildings!

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