• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

Dutch Finance Ministry Says Greek Default Is Unavoidable, Immediately Retracts

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Tue, 09/13/2011 - 15:03 | 1664741 Cdad
Cdad's picture

Greece is now NOT FIXED......bitchez!!!!!!

Tue, 09/13/2011 - 15:05 | 1664757 SeverinSlade
SeverinSlade's picture

Psssssh, the Martians will soon be landing to bail out Europe.

Tue, 09/13/2011 - 15:07 | 1664765 spiral_eyes
spiral_eyes's picture

Paul Krugman will be very pleased.

Tue, 09/13/2011 - 15:15 | 1664775 SeverinSlade
SeverinSlade's picture

Krugman will be even more pleased when the Martians land in a highly populated urban area causing millions and billions of dollars in damage.

Tue, 09/13/2011 - 15:40 | 1664955 narapoiddyslexia
narapoiddyslexia's picture

I'm for whatever it takes to get past Europe, so we can once again focus on the total moral and financial bankruptcy of the US government.

Tue, 09/13/2011 - 17:17 | 1665292 ex VRWC
ex VRWC's picture

(The scene: Frodo has just noticed that something is trolling on the NYT website masquerading as a columnist.  It is the emaciated husk of the former economist Krug-lum)

Gandalf: He hates and loves the USA just as he hates and loves himself. He will never be rid of his need to decry it and wish evil upon it in his desire to save it.


Frodo: Its a pity someone didn’t silence him when they had the chance!  


Gandalf: Pity? It is pity that keeps him on the rolls of the New York Times, though he costs them subscribers with every column.  Many that write such vitriol deserve nothing but scorn and journalistic death. Others blog the honest truth and are never heard.   Can you silence the trolls and give the deserving an audience, Frodo?  Can you spare the world even one more of his dreadful missives?   No, Frodo, Krug-lum has some part to play yet.


Frodo: I wish the collapse had never come upon us. I wish none of this had happened.


Gandalf: So do all who live to see such times.  But that is not for them to decide. All we have to decide is what to do with the time that is given to us.   But there are other forces at work in this world, Frodo, besides the malice of twisted journalistic malfeasance that Krug-lum represents.  Such as him are met with voices of truth at many, many places on the blogosphere.  Remember, Frodo, he exists to remind us of all that is evil in the world of the Keynsian crony-capitalist-statist.  His ilk are there to show us just what the evil we fight represents.  Remember this, Frodo.

Tue, 09/13/2011 - 15:27 | 1664885 Fox Moulder
Fox Moulder's picture

No no no, you got it wrong.

 

China will bail out Europe.

 

Martians will bail out China.

Tue, 09/13/2011 - 15:43 | 1664981 SeverinSlade
SeverinSlade's picture

And Uranus will bail out the Mars. 

Tue, 09/13/2011 - 15:36 | 1664863 sqz
sqz's picture

Don't know if anyone has listened to the interview in English from the former Greek Finance Minister Stefanos Minos at the end of the article (it requires Silverlight plugin), but it is very enlightening!

It is very clear to me now hard default of Greece is inevitable very shortly (yes, I was on the fence and thought they could extend it for a year or two).

Nothing is going to be able to stop this train wreck any more. All that matters is how the consequences are dealt with. It seems all the EU governments are starting to wake up to this reality, but trying their hardest not to say anything.

Thanks for this, ZH!

Tue, 09/13/2011 - 16:10 | 1665102 dearth vader
dearth vader's picture

Hardly, the obvious can be stated more clearly. All but explicitly, Menos says to the eurocrats: Stop behaving like the idiots you are.

Tue, 09/13/2011 - 15:04 | 1664745 unky
unky's picture

I dont understand why Greece people still have deposits in their banks. Should be zero by now?

Tue, 09/13/2011 - 15:09 | 1664774 GeneMarchbanks
GeneMarchbanks's picture

Between two horrible scenarios which would you pick? Hence we play the game of Kick The Can.

Tue, 09/13/2011 - 15:10 | 1664776 Temporalist
Temporalist's picture

It is "transitory."

-Or-

It is "tradition."

Tue, 09/13/2011 - 15:40 | 1664960 Pancho Villa
Pancho Villa's picture

I don't understand why American people still have deposits in their banks (above the amounts needed for weekly transactions). Interest rates are near zero, real interest rates are negative. Buy a year or two supply of whiskey or wine. Stockpile supplies of anything that you normally buy which can last for a year or more. The inflation rate is currently running at 4%, so you can earn 4% on your money (tax-free) by doing this.

Tue, 09/13/2011 - 15:07 | 1664746 GeneMarchbanks
GeneMarchbanks's picture

My God look at him! Marijuana Thinking at its finest. Greek Default pssssshhht. Either high or insane.

See what happens?! Do ya Holland? Or should I call you The Netherlands?

Tue, 09/13/2011 - 15:04 | 1664748 Smithovsky
Smithovsky's picture

Tulips, weed and whores, bitchez!

Tue, 09/13/2011 - 16:19 | 1665126 LookingWithAmazement
LookingWithAmazement's picture

No difference with any other country in the world. US and French folks are using even more stuff.

Tue, 09/13/2011 - 22:04 | 1666009 Tompooz
Tompooz's picture

and a central bank with lots of gold

Tue, 09/13/2011 - 15:05 | 1664753 vast-dom
vast-dom's picture

...unavoidable in a kind of delayed sort of way but wholly unlikely in that there is perfect certitude despite some possibly inevitabilites...

 

FUCK YOU GLOBAL MARKETS

Tue, 09/13/2011 - 15:06 | 1664758 spiral_eyes
Tue, 09/13/2011 - 15:09 | 1664766 Flatchestynerdette
Flatchestynerdette's picture

whats the problem with Europe? I know they dislike war and can't shoot their way out of a paper bag but can they just politely turn their heads as they kick the plug out of the wall and let the zombie die?

I mean - Greece is already dead! Now europe, with its socialized medicine is into afterlife care?

Tue, 09/13/2011 - 15:11 | 1664788 MichaelG
MichaelG's picture

Unfortunately Dignitas is based in Switzerland which isn't part of the EU...

Tue, 09/13/2011 - 15:08 | 1664767 InMisesITrust
InMisesITrust's picture

Dank u wel!

Tue, 09/13/2011 - 15:09 | 1664770 Grand Vizier
Grand Vizier's picture

Nothing sceams intelligence more than ending a statement with "bitchez" at the end...   <sarcasm>

Tue, 09/13/2011 - 15:13 | 1664797 MichaelG
MichaelG's picture

Spellchex, bitchez!

Tue, 09/13/2011 - 15:14 | 1664802 espirit
espirit's picture

I like lotsa "Bitchez". Especially the gold and silver type.

Tue, 09/13/2011 - 15:43 | 1664975 NotApplicable
NotApplicable's picture

Nothing screams intelligence more than some n00b who fails to understand where they are before dissing the place.

Here's a hint, things exist the way the do for a reason. Perhaps you might try and figure out why.

The More You Know...

Tue, 09/13/2011 - 17:00 | 1665239 Lazlo Toth
Lazlo Toth's picture

Knowing is half the battle?

Tue, 09/13/2011 - 15:08 | 1664771 entendance
entendance's picture

After our socio-fascist government implemented all of Germany’s directives, the Greek people have come to an absolute desperation and poverty.
What is also outrageous is the fact that are own government has passed the message to the global banksters and other nations that Greek people are
lazy and incapable.
Today, after two years of screwing and pressing us, most households and businesses have stopped paying. Stopped paying taxes, utility bills, toll fees, or anything else related to the government.
Two hours ago, this same government announced a new property tax (added to the 2 previous ones). This one will be calculated on every and each household, business, cottage, or even a barn for animals. It will be 4 euros per square meter calculated immediately, to be paid by this December the latest.
Once again let me tell you that we are not a lazy nation or useless people.
This has to do with some 4% of the working force, and all of them public servants who were hired by each government in order to gain votes for its next election campaign. So what’s actually happening is the same person who hired those people, now tries to persuade the rest of the nation that they are incapable.
The steps were very wisely thought out and implemented by the globalists.
They made fools out of us
They turned one against the other.
They decreased salaries and wages.
They increased prices of necessary goods.
They put us into poverty.
Now they demonize property by implementing more and more taxes
The next steps are to force us sell our properties to German and Chinese companies, and create jobs in German and Chinese factories for the thousands of hungry.
http://www.entendance.com/forums/viewtopic.php?f=6&t=801&st=0&sk=t&sd=a&...

Tue, 09/13/2011 - 15:13 | 1664795 tip e. canoe
tip e. canoe's picture

forgot the last part:

Please Mac, pass the message. Your people must learn from our suffering.

We are finished.

Alert yor friends, relatives, co-workers.

Be safe and stay alert. It’s coming.

Warning For Americans: Be Safe and Stay Alert. It’s Coming.
Tue, 09/13/2011 - 15:20 | 1664851 Capitalist10
Capitalist10's picture

We didn't need any convincing that Greeks were lazy and stop making up new excuses for why you won't pay your bills... as if you ever did.

Now go get me a souvlaki.

Tue, 09/13/2011 - 15:40 | 1664961 pcrs
pcrs's picture

Your government is just super corrupt and good for you not paying taxes to them, smoke their corrupt asses out if you can do it without them throwing you in jail. A petty my gvt stole my money and borrowed it to your corrupt politicians. But that is a petty for my gvt, since they would just have used it to hire more policemen and regulators to fine the crap out of me anyway, so good riddence.

Tue, 09/13/2011 - 15:46 | 1664992 Flatchestynerdette
Flatchestynerdette's picture

Greece is based on patronage. Welcome to america. However, parts of your story ring true:

The steps were very wisely thought out and implemented by the globalists.
They made fools out of us
They turned one against the other.
They decreased salaries and wages.
They increased prices of necessary goods.
They put us into poverty.
Now they demonize property by implementing more and more taxes
The next steps are to force us sell our properties to German and Chinese companies, and create jobs in German and Chinese factories for the thousands of hungry.

 

We just got word that food prices would be going up because of heat in the midwest farm growing areas. Well, most of that is corn and because of political stupidness, most of that corn goes to ethanol, not food.

We have turned one against the other in this country -those that understand economics vs. those that don't.

The government uses regulations to punish producers and implements labor laws for wages so that stops hiring.

They haven't demonized property but they have used the court system to make private property more easily condemned to build areas that increase city tax venues.

As for Germany and China taking your jobs? Welcome to globalization 101. We lost the southeast textile workers to Mexico, then Guatamala, then I remember shirts from Viet Nam. Next came parts from Mexico, always from Japan, then from Korea, and then from the behemoth China at 4cents on the dollar.

You've been living in a protected cone. Now you'll have to work harder and compete. Be stressed out, take more medicine, bankrupt your state's healthcare, and remember - its all for the greater good of saving your Greek way of life. Just ask for default. Get out of the euro. Get a donkey and an olive tree and go into farming. I have no easy answers. For you nor me. But we'd like you to tell your government to do something as the rest of the world is waiting for Greece to shit or get off the pot. You're holding up the giant flush that needs to happen to clean out the rest of the system. Thanks.

Tue, 09/13/2011 - 16:14 | 1665115 MS7
MS7's picture

Friend, all intelligent people know that Greeks are not lazy. I don't know how people can be so stupid as to think an entire nation of people are one way or another. Sadly, there are people who are intellectually lazy and enjoy thinking in stereotypes.

I too am shocked at how the Prime Minister and his party blame the people for corruption, as if they were not one of the two parties in power for decades and responsible for the debt.

The first action of any new government should be to examine the debt and see what is legitimate. This government will never ever ever do that. Unfortunately most Americans do not know how anti-Greek the Greek government is. The Greeks made a huge mistake in voting for them. Still, they should not be punished for their error.

Tue, 09/13/2011 - 16:17 | 1665123 unky
unky's picture

My friend. As a German I can say nothing against you as Greek people. Its our governments and politicians and banksters that created this mess and play us. I totally agree you hide your money and dont pay taxes. I would do the same in your situation.

Tue, 09/13/2011 - 16:45 | 1665200 Max UK
Max UK's picture

As the banksters ratchet up their plunder of country after country, Greece is that country where they seem to be finding the greatest popular resistance. It is important that the people stand together, and renounce apathy.

It is in the interests of ordinary people everywhere, to give moral support to, and draw inspiration from the Greek people.

Dear reader, please know the game; sniping and smart-alec comments against the Greeks, betrays that conceit that makes it so easy to facilitate divide & conquer against us.

 

We are all Greeks now.

Tue, 09/13/2011 - 15:09 | 1664773 Deadpool
Deadpool's picture

step 1: greece

step 2: spain

step 3: France (first jerry lewis loses MDA gig, now this!)

step 4: Citigroup

step 5: US$

step 6: oil for food

step 7: Donner party

step 8: civil war

step 9: Mayan 2012

Tue, 09/13/2011 - 15:13 | 1664794 TheLooza
TheLooza's picture

step 10: bubble party

step 11: cry in fetal position, shart self

step 12: ...?

step 13: Profit!

 

Tue, 09/13/2011 - 15:31 | 1664897 Flatchestynerdette
Flatchestynerdette's picture

Germany won't allow Greece to go dead. Too decisive. They like being the flour/water paste in the background and don't want to repeat their prominent role of WW2. This is why Merkel won't take a stand. The people of Germany have been sanitized of nationalism. Its all for the greater good of Europe. This stuff will go on and on and on until 2020. We can now only hope that Spain goes. BTW: as everyone is looking right on the map, how about we look left and see what's going on there as they float under the radar.

Tue, 09/13/2011 - 16:05 | 1665079 Bokkenrijder
Bokkenrijder's picture

Step 10: bunga bunga!

Tue, 09/13/2011 - 15:10 | 1664778 prains
prains's picture

cup your balls.................................................here it comes.

 

and no. shit the popcorn is running out.

 

Tue, 09/13/2011 - 15:10 | 1664779 LawsofPhysics
LawsofPhysics's picture

Yesterday we got a market melt-up in the last half-hour, today we get the market melt-down in the last half hour.

Tue, 09/13/2011 - 15:10 | 1664780 espirit
espirit's picture

Probably why the Eur/Usd just hiccup'd, or was it a gag.

Tue, 09/13/2011 - 15:12 | 1664791 Sudden Debt
Sudden Debt's picture

more like a cat hairball...

 

Tue, 09/13/2011 - 15:15 | 1664818 espirit
espirit's picture

to true, lol.

Tue, 09/13/2011 - 15:10 | 1664781 Sudden Debt
Sudden Debt's picture

At least the Dutch are using their brains...

My Belgium government is one of the 2 european governments who already agreed to launch Eurobonds today... Morons...

Even as all of mainstreet already knows Greece will go down.

 

Tue, 09/13/2011 - 15:36 | 1664936 BungaBunga
BungaBunga's picture

Since when do you guys have a government? Let alone an agreeing one. Today I woke up in Bizarro world.

Tue, 09/13/2011 - 15:52 | 1665016 Sudden Debt
Sudden Debt's picture

Don't worry, we have 6 governments. It's a bit complicated to explain why a small country like ours has so many but on of them decided to do it.

Funny thing is they didn't even got elected. Democrazy!!

 

Tue, 09/13/2011 - 15:11 | 1664787 TradingJoe
TradingJoe's picture

Be Dank but we all knew this already, so...?!

Tue, 09/13/2011 - 15:13 | 1664798 centerline
centerline's picture

They think they are avoiding a self-fullfilling prophecy by openly talking about a Greek default.  Funny.  So, we are back to ignoring the 900 gorilla in the room.  Yeah, that always works.

Plus, Merkel vowed to do everything to avoid a "uncontrolled" greek default.  Nothing said about a "controlled" one.

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