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sounds like we're going to have more of a recycle, rinse, and repeat of headlines for the next few months
NO, please, no, I will be wrangling some cattle in Wyoming by then.
This bailout nonsense is getting uber boring!
Guess they didn't want to wait until winter...I'm telling you rioters won't come out in winter...but start the austerity now and you will have a mess on your hands quickly...
Coming to a network near you: RTV, the Riot channel, featuring such award-winning shows as:
"Burning Down this Old House"
ya get the idea!
Parastroika, that is, bitchez!
I was thinking more 'Peyronies-troika'
Glasnost = Openness
Perestroika = Restructuring
What a bunch of bullshit. I have yet to see one ounce of openness during this dog and pony show and have not seen one gram of restructuring where it really counts.
Strap yourself in boys and girls. The ride is about to get bumpy. I believe Greece about as much as I believe Obama.
Why this econonmy is automatic It's systematic It's hydromatic Why it's Greece lightning,
Greece will continue to be "saved" until the people Storm the Bastille and throw the bums out. Portugal is next in line.
im hoping to see a practcical greece for greeks solution... coerce youd have to get it by the banks and politicians by forcing revolution down their throat... but with the iron fist of status quo bearing down on the birthplace of the western world
who fucking cares
So you fire 500K public service employees, and what happens to tax reciepts?
I mean this is just a fucking brilliant strategy.
The banks are made whole, no consequences for their stupid investing, and the country implodes into civil war.
Euroland bank bonuses were in the several Billions of dollars in 2010. The banks didn't raise capital, don't have proper risk management, and on the whole continues to operate in a "status quo" manner.
If the Greeks are going to suffer in this manner than they mine as well leave the EU, as there may be upside to having the drachma back in about 5 years. Can't see any upside to them staying in the EU at anytime in the next 20 years.
You have to see the big picture. If the country did NOT explode into civil war and put bullets in the skulls of bankers and politicians, more or less escaping all consquence, then Italy, Spain and Portugal would be irresponsible not to follow suit.
There HAS TO BE CIVIL WAR and senior politician blood or the other PIIS will do the same thing.
Unfortunately, the Greek people have and will continue to have ZERO say in this matter.
The decisions are being made for them ("for their own good", of course) by the international banking cabal and its enforcement arm, the IMF.
Status quo 4-ever, bitchezzzz!
but isn't this what it's going to come down to for all the nations who run deficits and have economies where 30, 40, 50, 70% of jobs are government jobs. At some point no more can be borrowed and no more can be taxed and no more can be maintained in government jobs...
Your point that banks (and corporate interests and many other winners of the ponzi-conomy) are walking away winners and the average man is being left to bear the brunt of the clean up is correct. Maybe at some point the average man will get mad enough to support a politician, a party, and/or a revolution that will rise and represent all the people rather than the interests of the few (I seem to recall something about of the people, by the people, for the people).
I agree with you.
Public sector employment is not the answer. There are consequences for overborrowing and overspending. Just not for the banks that lent the money.
My point is in the absence of burden sharing, forcing this type of austerity on a country like greece is a receipe for civil unrest leading to civil war. Perhaps that is the natural outcome regardless of whether or not burden sharing exists.
In the EU they could have the Germans run their trains, utilities,....... their parliament.
actually the bankers would make more money if there really was a Civil War. That's "one of those things" that does what bankers love: lower prices. A Holocaust isn't bad either but it has obvious legal concerns. (Just ask Turkey.) No...the only explanation for all this self-flaggelation is simple, rank stupidity. Nothing more.
Since nothing matters to the market, this won't either.
I do suggest writting your congressional representatives and telling them you rememebr them in 2012 if they allow your tax dollars to go toward the European money pit.
Geez ... war may be cheaper.
Churchill viewed his efforts to save Greece from the communists as his greatest accomplishment after the end of WWII. Too bad he couldn't save them from the bankers.
And, no, I don't think old Winston was a member of the banker inner circle. That son of a gun got smashed by the stock market crash and never had all that much money. The boys of London must have had a jolly good laugh at Winston.
Disclaimer: I still like Winston. "Better to die on your feet than to live on your knees" is still my favorite Churchill-ism. The boys in Chelsea probably wouldn't understand that one. They like........never mind.
Actually writing them a letter asking "what happens to New Jersey" might be better. There are no greater delusions than American delusions. It's part of "what being on top" is all about actually.
Greece promises are as reliable as a broke crack whore jonesing for the next hit.
That is what I was thinking.
We have a friend we gave several thousand dollars to so that he could get on his feet and start his own little business. After doing that I would get regular updates, most of them were one form of whining or another. Then I didn't hear from him for a while. Finally, on Christmas Eve I heard from him once again. He told me how he planned to pay us back every penny we gave him. Several months later I spoke to him and felt like he was angling to get even more money out of me. I need a divorce like I need a third nut. It has now been months since i"ve heard from him and I haven't seen a penny.
When we gave the money we knew we may never see it again. Damn, I should have just bought Krugerrands. "A friend in need is a pain in the ass." Amen, to that.
I always went by this...
If you lend a friend 50/100/1000 dollars and you never see him again, it was probably worth it
I have loaned money in the past to obnoxious family members just for the benefit
of not having to see them again, as they avoided me after getting the cash.
Sometimes it is more than worthwhile.
That's why my last letter from my former investors thanked them for paying their taxes because "i've qualified!" my dream of course is to stiff them for half a billion as "this is considered heroic on your planet." Wait 'till a use the proceeds to start a bank! you will think me some kind of God or something!!!
daily headline risk remains
daily headline risk remains
That's about it really.
The only real headline would be a revolt of Greek people after finally realizing what their own elites have in store for them:
"The most important people of Greece outside politics have said to me repeatedly over the past six months "you're wrong and you lose the target, the true challenge of the Greek economy is that of universal privatization of public property"
Servaz Deruz - EU commision representative in troika
The most important people of Greece outside politics
The most important people of Greece outside politics
We can take it that he means self interested bankers who will raise funds outside of Greece to buy assets for cents on the Euro.
I will add this quote from the article:
"The chief expert of the European Union revealed that a "flood privatization" is what persistently ask the same big businessmen, top bankers, prominent economists and executives "think tanks" of Athens."
So not only bankers... I think that I was accurate when I used the word Greek "elites"...
I wonder if "Going Greek" gains in popularity?
I love going Greek, but my girlfriend hates it.
just use the EMP, drop the dirty bomb, cyber-attack us or whatever false-flag-du-jour you are planning and lets get this over with. The patience of these global masters is killing me!
At least we may be in the range bound for eur/usd and that is easy way to make some money up and down
"In the meantime, the European banks can pretend the contagion from a Greek fall out will be contained and the Fed's infinite swap lines will mask any and all completely unexpected black swans. Best of luck with that."
This could go on for a hell of a lot longer. Until, and not until, someone calls foul, who or what is going to stop them from monotizing to the moon? Which CB is going to "cheat" their country by not participating. It's easier to ask forgiveness than to ask permission.
In the back of my mind I keep thinking that even though the IMF is threatnening not to give the next tranche, in reality they can't wait to stuff it in Greece's face. Can you imagine when the IMF decides NOT to give that payment... Greece won't be able to pay back on it's bonds and defaults which is not an option for IMF's banker friends.
the answer for the Greeks can be found in a 30 year old movie - te Blues Brothers .
"Jake: Your women. I want to buy your women. The little girl, your daughters... sell them to me. Sell me your children! "
The blackmail of Greece and bailout propaganda, is actually designed to make Europeans accept loss of financial sovereignty.
Axel Weber, German Banker has confirmed the crisis is being used for "political cover"
"Jabba" Venizelos : G Pap, those Troika shits are really squeezing our balls! They won't pay the 8 billion till we start to lay off everyone we promised.
G Pap : OK, get the engravers to create a New Drakma note. Put my face on the front and Kim Kardasian's ass on the back, Printed up oh about 5 million of them.
"Jabba" : But G Pap, to switch currencies we need 10000 times that and.....
G Pap: No "Jabba", when the Troika members come back next week bring them to the West conference room. We'll get the money when they see the wallpaper, chairs and conference table all made out of those fine New Drakma notes.
"Jabba" : They'll shit those 8 billion Euro's right out! You da MAN G Pap!
G Pap : I didn't get an A+ in Extortion at Harvard for nothing Jabba.
Poopy-Doo is really flailing about these days. Now Turkey is threatening Noble Energy over drilling in the Med. LAUNCH THE F-16'S POOPY! LAUNCH! LAUNCH! LAUNCH! Have you learned nothing from history? IT'S TIME FOR A BAIL IN! When will these people ever learn? "You were nobody's but for the Cold War....and that's been over going on 20 years now." Now he's married to the Euro..."and that bitch ain't puttin out."
slash slash slash...
Greece was supposed to default yesterday…what happened??! No more crap please…
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