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Juncker: "Greece May Need A Third Bailout"
No. No way.
If we have to go through one more year of endlessly repetitive and utterly worthless European bullshit, rumors, headlines, and other subterfuge whose only point is to extend and pretend the fact that Europe is utterly broke, just so the effete Greek citizens can pretend they give a rat's ass about their independence, when in reality they will gladly pay 80% of their salary to keep European banks solvent simply to retain the illusion that their retirement funds are still worth more than diddly squat, we are done.
Reuters has the story that needs no commentary:
The head of the Eurogroup of euro zone finance ministers, Jean-Claude Juncker, said on Friday he could not rule out that Greece may need a third bailout.
Asked in a television interview if he could be sure Greece would not need a third bailout, Juncker said: "You cannot really exclude that, although we should not have as a starting assumption that a third program will be (needed)."
"We made it clear last Tuesday in Brussels that we are standing ready to support Greece even beyond the time period of this program but I have good reasons to believe that we should now not engage ourselves in a debate on a 'maybe' third program. We should now ... implement the second one," he said, interviewed by David Frost on Al Jazeera.
Asked about some experts' view that a Greek default is inevitable, Juncker said: "I don't see that Greece would go for a default."
Why of course not: since nobody in Greece has the balls to say enough, why should the broke European banks, whose LTRO lifeline incidentally is ending, stop sucking the last remaining drops of blood from the Greek debt slaves? If we were in their shoes we would do precisely the same thing until the bitter end. And frankly, just like America is about to get a president it deserves, so Greeks are clearly the recipients of just the fate they so rightfully have 'earned' by doing absolutely nothing. But go ahead and throw a Molotov cocktail or two, and don't forget to loot that store right next to Syntagma square. After all, what is heroism if not stealing from others, just the way the despised banker uberclass steals from you?
And since we already know the list of 38 demands Germany has submitted to Greece to allow it to rescue its banks, here is an artist's impression of German demands to greenlight bailout #3:
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TYLER IS ( Non- Obstruc? tive). Tyler is silent/ violent!
and...now for something completely different!
Divinyls - I Touch Myself
http://www.youtube.com/watch?v=wv-34w8kGPM (3:44)
Bee Gees - Jive Talkin' (Video)
http://www.youtube.com/watch?v=XBw25CrUS-o (2:53)
Spiritualized - Medication (Live)
http://www.youtube.com/watch?v=S5mkMeDT8js
Wallasey's finest the Boo Radleys!!!
http://www.youtube.com/watch?v=oAjHGTlqzIU
No Spiritual Surrender - https://www.youtube.com/watch?v=J3_cHI8YNEE
Takin' Retards to the Zoo - http://www.youtube.com/watch?v=bfrQ8ZutmLE
Helmet, Unsung - http://www.youtube.com/watch?v=jBfygUiS50g
...between the, ''no way'' cat, and Banzai's ''Dog Face Man'', and the Round Three TrikeZgonwild of the Greece'd PIIIGS, ...the market is all Cramp'd Up. Lol. ..and the Algo Whore of Babylon sings http://www.youtube.com/watch?v=xYhAwkIbY4Y
I bail you
You bail me
We're a bailout family
With a great big mug(ing)
And a dis from me to you
Won't you say you'll bail me too.
Well, in my opinion...
I don't agree with the idea that America will get the President it deserves. I have been talking to a lot of people and I believe RP is drastically more popular than the TV would let you believe. Look at it this way: we all know that the TV is full of shit. Are we supposed to believe that elections are not rigged in the US? Google "Soros Diebold."
As was explained to me
Kicking the can really cost them nothing and buys them time Now for the real people in the world - kicking the can creates an even bigger bubble to burst down the road But by then the bankers will have made a fortune making the Greeks pay them back for the money they forced the greeks to take
Why stop at 3 - I see a Rocky/Friday the 13th type thing. One every other year until...
the big crash and burn
.
The money powers are buying up hard assets like means of production, farm land, & water and mineral rights with both hands.
The free people of the world will still need to grovel at the same banker feet after the collapse... only it won't be for money. It will be for food, energy and medicine.
Believe me, when the next bubble bursts, the only 'people' with real skin in the game are going to be union pensions and sheeple 401Ks... The bankers will be long gone.
Liquidate all your paper (pay the penalties if you have to) and buy hard assets now. It matters not if you can only afford an acre or two and a cabin. A few oz of gold and silver. Anything reasonably useful will be worth a shit pile more than a statement form Vanguard telling you that you have a balance. We only have until the euro tanks until the foul winds blow back to the source... the USA. And the euro is going to tank. 6 months maybe? 18 if they are lucky.
IMHO there will be no salvation from a jubilee or a reset. You need to take care of yourself and your family.
It's coming. Most on here know it. Paralysis is your enemy.
Pretty well set here, just waiting for them to get on with it. It's like being in a falling elevator; you're not sure exactly when you're gonna hit but you're pretty sure it's gonna suck when it does.
Nothing and I mean nothing in the news is the real story. It’s always a front for the truth; a misdirection, a cover. Greece isn’t broke. It’s only being looted. Just because the phony paper they’ve been saddled with is daisy-chained to the rest of the Euro-Banker Trash scheme doesn’t make the drama legit. And I’d have to agree with the thrust of your statements, as most here do.
I’d subscribe to the speculation that one or two things are in the pipeline. Either the Euro will crash (with Dollar perhaps only weeks behind it) or these monsters will first usher in the super-depression with $250 bbl. oil to bleed us out first using this insane trumped up Iran situation as the trigger.
Better to be a year too early than a day too late.
Can you feel the Wind Blowing? The winds of Truth!
Let's trade into Sunday <> Repositioning?
No, but I feel the winds of shit blowing...
http://www.youtube.com/watch?v=OQufxG1GcAk
gOOD ON YOU. I was contemplating a thought! Intere`sted?
By the way - don't blame the greek people - the politicians are doing the selling of the populace down the river. Time to through the bums out.
The agenda of the Narcissist, which is nothing more than self-preservation, left on its own to fester, left on its own to infest every nook and cranny of all systems, eventually leads to chaos.
It just so happens that We are there.
So then, squelch the self-doubt -- it is misplaced.
Do not participate in the life-sucking game, and that starts with your own psyche.
No, not self-preservation.... i can think about a hundred more efficient ways, of bankers sustaining themselves..... you know SUSTAINABLY.....
This is just gross greed, incompetence, or more probably both and a few more ugly words. They're not just overlords - they are completely incompentent and on-fire greedy overlords, that cannot even efficiently handle their own long-term profit efficiently.
Mamo you are great. Waterways?
Monkeys to Pyramids?
Greece = Syrian, moment?
Where will Hillary side or will the Mother Queen just sit on her humongous ass,...
Hillary will sit on Bill? Isn't he a lesbian?
Yes, he is like me trapped in a man's body.
Uhm, it's not the 'despised bankester uberclass' stealing from the Greek people (who incidentally have been living the big life on other peoples' money for quite a while). Since us Dutchies and Germans are footing and will continue to foot the bill, in the end it's simply a case of incompetent lazy Greeks robbing us.
Go fuck yourself with a screwstick, bankster whore. And please bleed a lot while doing so, you pile of organic and especially mental shit.
Now now. Behave, children. There's plenty of blame to go around--from the Ouzo-drinking-in-the-afternoon-40 year old Greeks bitching about their 6 hour workdays (with a 2-hour lunch break) to the oligarch elitist fcuks at the EU, to the gluttonous bankers.
Yes, plenty to go around for the moral and economic collapse of Western society...
Please do excuse me for raising a small complaint regarding Greeks having a ball on my Dutch expense. So sorry, so very sorry indeed. Please, do let me bailout another country, pretty please with sugar on top. Portugal, Spain, Italy, please do send me the bill...
You have every right to be pissed my friend...
Jesus fucking Christ man. It's not the lazy Greeks that are robbing you. Yes, they are lazy fucks and don't deserve a dime more from the teat. However, it's the banksters and politicians of YOUR country that allow it to happen. Which means it is the people of your country that allow it to happen(because you are not rising up, same as the PIIGS pigs).
Stand up in arms with your fellow countrymen against the New Nazi Party that is trying to take control of Europe through their technocratic henchmen. Kill every last one of the scum sucking pieces of diseased shit.
mr. murray is correct
@Rynak: Now please, go and do wash your mouth with soap, dear child.
Reminds me of a joke my dad used to tell:
Two high-level beureaucrats (from the dept. of ed. I believe) decide to quite their low-paying back-breaking thankless jobs and become rich greedy capitalists. Since they are far smarter than most people they decide that no matter what they do, they will make lots of money. They decide to sell canteloupes; so they buy a truck, drive to South Carolina, buy a thousand canteloupes for 3$ apiece and drive back to DC. They sell their canteloupes for 1$ apiece and quickly sell out. Happy with their success, they prepare to drive back to South Carolina when they notice that they are almost out of money. Stunned, and not sure how to requisition more money, or who would need to approve it, they sit around thinking. After many hours of intense conversation trying to figure out who would know where to get the proper money requistioning form appropriate for greedy capitalists one of them has a flash of brilliance. Leaping up, he shouts "AHA! I've figured it out: we just need a bigger truck!"
It was funny when I was a kid, and didn't realize how close to the truth it was.
Blipto3p,
When you get into the 4th grade, you'll realize who juvenile that old joke really is.
That is the truth, like school bureacrats could ever figure out how to get that far, absolutely juvenile.. Ask any progressive melons, skittles, energy all come out the asses of magical unicorns..
This is great! With this overhanging the markets it will keep the positive bias in place that everything potentially bad will eventually be resolved favorably. This could give us another twenty percent on the S&P. Booyah! Who cares about the end result, it is all about the now and you get to make anything up about the future whether it has a factual or esoteric basis or not. It is all good! In the end we will all die anyhow, why not live in Wonderland for a few more years? As Chuck Prince said...."you keep on dancing until the music stops" Double booyah!
...then you find yourself Below Zero http://www.youtube.com/watch?v=tqzqUxHlqHE&feature=channel_video_title
So awesome of the banksters to put out again! Missed investing in the second bailout, but I'm all in for the third, you bet. Of course the second bailout couldn't do it. A Captain Obvious call for the clued in club. Bailout perfection takes a 3rd bailout, duh! This one's a win/win for sure 100% and a super positive affirmation that this time is different! Enough of being wrong all the time and losing, time to go long!
And they haven't even implemented the second one yet.
medic!
keep drinking, tyler!
somebody give him a big shotgun! quick!
Satilite phones suck.(sp.
It's your time to shine Slewie!
You can't cry! There's no crying in bailouts!
O, there is. There's a lot of crying over spilled milk.
Mommy?
C'mon Tyler, cut this shit out. They're only keeping it going so there are more caption contests.
Effin sprilal staircases!
747-200
Bad Religion: "What we need now is a change of ideas." http://www.youtube.com/watch?v=f7Fb8AIWw8I
And when that fails, what we'll need is a return to more traditional ideas.
NOFX: "Murder the government!" http://www.youtube.com/watch?v=_GgdExPjjzE&feature=results_video&playnex...
If we have to go through another bail out for Greece I am going to scream and start twirling my beads again.
:)
it's thst start of the weekend! Let's party!
EG 151 straight shots!
this ^
It's all about perception. The Greek people still think they can get out of this and go back to life as usual. When they realise there is no going back, shit will hit the fan. Who knows when that will happen. The thought of another year of this bullshit does make me nauseous.
SUNDAY OPEN! EUR/CHF! 20 BIG ONES!
I dare ya SNB! Super Duper long EURO looks good . It's now or never!!!
"You cannot really exclude that, although we should not have as a starting assumption that a third program will be needed"
i think junkner just told you that greece is going to be let go and it is just a matter of time. he has admitted himself to lying as well as speaking in coded language. he's no idiot. he know this bailout will not be enough because it is in the official godamn reports of the second bailout.
to me , this is clear, greece will be let go when the second ltro is in place.
I used to feel sorry for the Greeks.
But now they deserve absolutely everything they get.
Lazy fuckers.
Rise up an kill some Euro-trash banksters already.
And everyone now with feeling! "Danke Sir! Darf ich noch einen?!" http://www.youtube.com/watch?v=qdFLPn30dvQTherre is No bailout! The $ are spent!.
I do not condone " CURSING"! Tonight I condone " GOD"! That ENTITTY exists!
I should be " GENERAL COUNCIL" <
Elvis Costello 'Shipbuilding' live http://www.youtube.com/watch?v=6LNB6M7yTBo
You Idiots actually listen to me?
Silence is Golden
If I am silent then I am not real
If I speak up then no one will hear
If I wear a mask there's somewhere to hide
Silence is golden
I have been broken
Safe in my own skin
So nobody wins
But the Sound of Silence is platinum....
http://www.youtube.com/watch?v=9hUy9ePyo6Q
Jeff Macke had it all figured out...years ago
http://www.youtube.com/watch?v=79HLnTPxMho
LOL the audience is simply not comprehending Joe Jackson's awesomeness here
http://www.youtube.com/watch?v=Q2h9sGxSfqY
'One More Time' live
Germany is playing GREECE for a cheep euro.
This sounds like typical Eurobabble from an unelected politician. Nobody gives a rats ass what an EC official thinks but they do care about what the German parliament will do when it votes on this bailout next week. But all in all, it is sure looking like they are just waiting for the second round of LTRO to be able to say 'well we tried to help the Greeks but they couldn't come up with the goods and now they've admitted they need to default'. We didn't do it gov, honest. They jumped, we didn't push them.
I will go with March 23rd to announce Euro exit, though it could possibly be the Easter weekend as that will give them a longer bank holiday to run those Drachma printing presses (and more time for their politicians to get their money out of the country = see below 'List of MPs moving large sums abroad expands').
The riots could be pretty horrendous in Athens over Easter.
http://www.ekathimerini.com/4dcgi/_w_articles_wsite1_1_24/02/2012_429830
Because 1 Deja vu is never enough. Maybe we should start a Zerohedge poll for what the Greek 1 year bond yield will be by the time a 3rd Greek bailout is agreed on. 2500%? lol
http://silverdoctors.blogspot.com/
It is only the continuous story, lie, and rumor that has kept the market going for the last year, so I see that another is quite possible. When the rumors stop and the Euro is safe the market will plunge.
Do you BEAR, have that Great new post? The one I send my Friends to?
That Bear that twists a-b / c-d curves? If so? BEAR ROCKS! This Man reads a chart!
Greece is the "lubrication" , for Spain ,Italy,b abd Portugal.. Possibly Ires`land.
Shit? I'm running out of linguistics!
good thing i got a guy on the isda
I think everyone is underestimating just how much the Greeks enjoy taking it up the ass.
The Greeks need only place one technocrats head on a pike and this will all be over.
Steve Winn is loving the "English side", of contract law. He can't see anymore, but has a Beautiful wife.
and he fucks up picassos
http://www.youtube.com/user/peacsees#p/u/25/-KjRv9ynjVE
picasso muse, part 3
From: peacsees | Mar 11, 2011
JUNKER) the Proliterate from the ( Clinton ERA<)
US Senator: Two Years Till We Have A Massive Debt Crisis
http://www.youtube.com/watch?v=e7-1R-R7lr4
Or if you prefer, Two Years Till We Become Greece.
we are currently experiencing a massive debt crisis imo
If they can make the Greeks take the money that they are not giving them now I guess they can give them more of it later. They will appreciate the next bailout all the better because there will be fewer of them by then.
not to mention the fact that this entire farce is a terrible abuse of language...if the eu were a ship it would have sunk by now proper definition of "bail"
1. scoop water out of (a ship or boat).
new oxford dictionary definition
1. an act of giving financial assistance to a failing business or economy to save it from collapse.
"If we have to go through one more year of endlessly repetitive and utterly worthless European bullshit, rumors, headlines...we are done."
You can't go...all the plants will die! in 3...2...1...
http://www.youtube.com/watch?v=GbVaisNPgh4
As Junker Gasps for the "proliteriate"", I gasp at wave 4 of the financial cuspice. Run/Run ECB. Ponzi sterilize whith in theë!
C3X performance continues to beat the hedge fund. This is why yield spread is so predictive for FX movements.
8 months in existence and analysis from C3X continues to lead.
http://capital3x.com/trades/performance-week-25-feb-2012-1522-pips/
Butt Hole Surfers> how quickly we forget!
I think that by now it should have dawned on all, that we are dealing with a bunch of functional marxists. Their economic order is falling apart around them, so they embarked on the road of perpetual revolution,.... I mean reform, read bailout. And just like the other central planned economies that came before theirs, theirs will end up on the trash heap of history. The only question is when they will be forced to come to their Gorbachov moment and paraphasing the legendary Robuto Duran, say NO MAS :)
But for the time being, it is what it is. And the trade off of it is relatively easy.
CDS...yes!
how gross and net CDS notionals really work
a third bailout is like a third virginity
Schauble is saying the same thing to the German Parliament. He is a lawyer and it is the old trick of hinting that more may be coming after you have agreed to this step so he can say it was simply another stage to the goal you will ultimately arrive at......bit like they proceeded to the Holocaust really, salami tactics - slice at a time.
Anyway, it is a Transfer Union and should be called such. This is no longer Ad Hoc any more than the US Congress voting to increase the Debt Ceiling. It is a regular and recurrent event.
Lloyds Banking Group in the UK is the first British Bank to sign up to LTRO with the ECB which is interesting for the Bank of England; but the Spanish CEO (Santander) of Lloyds must have the approval of UKFI the State Resolution TRust Corporation staffed with UBS bankers to have proceeded with this idea for Monday - the day the Germans vote
QE, QE2, OPERATION TWIST, LTRO, extended abundant acronyms besides it will inevitably end
3rd, 4th, and 5th - until they finally give up and throw in the towel - BUT WHEN????
This is long past any logical accounting.
A third bailout is most unexpected.
Does this mean bailouts don't actually work?
the term "bailout" is imo a terrible abuse of language
government does nothing but perpetuate its own abuses
it's a shame the market is not allowed to decide for itself
the printing will continue so long as the printers are elected
Defalcation
as in the attempted defalcation of Greece's gold.
Along with a fourth, a fifth, a sixth, and an 'n'th.
Hey Tyler - you should bring an update about the newest Spiegel headline "German tax officers want to collect taxes in Greece". Welt.de also writes about this "here"
Let me tell you one thing - if you read what other Germans write about this in the Spiegel board - nobody, really nobody there wants this. This is sheer madness. We need those tax officers here in our homeland and I am totally against that. This is not our business. As a German I hope that the Greek people kick them out.
As you already may know, tax officers are never popular. I found it interesting that one (German) commentator compared them with SS thugs and even the newspaper did not censor it. And many agreed with his opinion. I wouldn't use that comparison but German tax officer are hard to deal with.
The state has ruined so many companies here. Almost unbelievable. If you do not pay within 14 days - you're in big,big trouble. But if the state owes you money - well, good luck with that. Months and in some cases a year can go by without any payment whatsoever.
When you consider the Flick Affair at the St Augustin Tax Office or the Amigo Affair in Bavaria you might consider this is simply sending them to learn new tricks. It will probably never happen because the ones that would volunteer are already with the Bundeswehr in Afghanistan and they want to come home. The weather might be nicer in Greece but I doubt Germans want to be sent by Berlin where Schauble rolls around in Hermann Goering's Reichsluftfahrtministerium later renamed after the Dead Banker Rohwedder
http://en.wikipedia.org/wiki/Detlev_Karsten_Rohwedder
It is simply becoming a Euro Farce worthy of Inspector Clouseau or OSS117
EU-Kommission habe aufgelistet, dass drei Viertel der qualifizierten Selbständigen wie Ärzte, Notare und Ingenieure Einkünfte unterhalb des steuerlichen Existenzminimums erklärten, heißt es in dem Zeitungsbericht weiter.
Fascinating, so the EU Commission believes 75% Doctors, Lawyers and Engineers in Greece report taxable incomes below Subsistence level. These are just the groups to foment revolution so the 160 retired Tax Officials Germany wants to send including 12 who speak Greek, should have fun on their Rohwedder-Reise
+1, PY, though let me tell you something about the German Tax Guild: it is the most deranged bunch of bureaucrats ever assembled and a true drag to your republic.
too many of them, organized in the most monolithic public service union I have ever witnessed, and constantly producing some additional tax-code, making your tax laws the second worst in the world. ah, and they love to target specific businesspeople with special laws proposals (even giving the papers the "lex XY" names). believe me, you could do much better without half of them.
ah, and they love to organize long detentions of suspected taxlaw-breakers "for investigational purposes"
I get constantly raped by these jokers, Ghordius. I mean I am not doing this on my own. My father did. He was a very clever man (I miss him) and he dealt with them on his own. I am not that good. Not that clever. I have someone that helps me to deal with them. Over the years I have seen so many good people getting into trouble with them - honest people - not speaking about people that do not want to pay for this society. No. I am speaking about people that know how important the social peace in a society is. It has limits of course and it needs to be balanced. And currently there are so many things out of balance. I am almost instantly in berserk mode when I think about that.
You're right. We could do much better without half of them.
I've experience with dealing with some of those tax officers and they aren't all that bad, but then again maybe this is because I have experienced dealing with the IRS (which is in the process of arming some of its agents) and those mothers are the gold standard of tax officers. Kafka had nothing on dealing with the IRS.
Yes, Kafka comes to mind. But I am also reminded of ETA Hoffmann. It certainly has a tradition here.
If we are going down the Monty Python route, Tyler...
Imagine Arthur representing the EU/FrancoGerman bankers and the black knight the Greek populace taking the cuts:http://www.youtube.com/watch?v=zKhEw7nD9C4
Here's a different take on the overall issue and why it will end in meltdown (from a Greek perspective): http://www.presseurop.eu/en/content/article/1529251-impunity-rules-banan...
Basically everyone in the government/public sector/unions in Greece right to the top has a vested interest in non-implimentation. Fuck those poor bastards in the private sector who arent riding the gravy train, (the black knight on the bridge, just like everywhere else in the world).
As an aside, Europe's current political class should all be taken out and shot. The gene pool is so dire that other than a very select few (Farage, Hannan etc) its rare to see any EU politician with a) a spine, b) integrity to put their peoples' future ahead of their own re-election chances, and c) not screwing the tax payers for every penny they can on unaccountable expenses. Cunts one and all. End of.
what's with the stupid cat video? If I wanted to see that crap I'd go straight to youtube.
Juncker lives up to his name : like the black knight of Monty Python, the Eurozone will fight to the end. Junking nations is now its trade and junkiest follows junker as night follows day. They want to bleed the sheeple to protect their own construct. This generation of eurocrats will never admit they are wrong. They are not the only ones, that's what's really the sad, sad song.
21st century a repeat of fourteenth, now faces war and black death. Its so ominous to see reality trying now to hiccup once again.
How soon before this is in the Great Amerika. Keep pretending and son the waffle irons will be on sale. Fuck enough already of this shit. Start the hanging of the politicnas and the bankers and their families.
Having a CAT is GAY if you are a guy.
You would know this how?
The Greek government and the Greek elite have sold out the Greek People. I usually agree w/ Tyler Duncan but not on this subject. To blame the victims of this manufactured economic crisis is unacceptable and I would like to correct the record.
There are riots in Greece because the riot police are using chemical weapons against peaceful protesters. To say that the Greeks don't care is not correct. There were over a million people at #Occupy Syntagma over the summer:
READ and PHOTOS: I Was At #OccupySyntagma Square All Summer by Elias Theodoropoulos: http://99getsmart.com/?p=2381
And, if you think the Greeks are not fighting the TROIKA, you could not be more wrong. For one example, check out this little known story:
There is a little known story about war … a true war in the town of Keratea, located 50k outside of Athens.
Last summer, Greek mega corp giant, George Bobolas took the first steps towards privatizing the waste management industry in Greece. The location of the first dump site was to be near Keratea. The citizens of the town rejected the proposal with organized protests.
What followed is quite extraordinary.
Bobolas, a private citizen, responded to the protests by sending in a squad of ‘riot police’ to invade the town. Unbelievably, the ‘riot police’ did the bidding of a private company, by waging a war against the citizens of Keratea, using chemical weapons and a water cannon mounted on a tank. The entire city rose up in anger. Like true fighters, the brave Keratea residents resisted the attempted violent takeover and defended their town. And for the next month, they fought a real war against the ‘riot troops’ in the streets of Keratea.
The residents succeeded in their resistance and it was a huge victory for the town. Keratea citizens halted construction plans for the dump and they drove away the ‘riot police’. It was a brilliant win against the government, mega corporations and the puppet ‘riot police’.
VIDEO: THE KERATEA RESISTANCE: http://99getsmart.com/?p=2359
And that's not all. There are acts of non violent civil disobedience. For example:
DEN PLIRONO is an activist movement that began in Greece and is moving to other parts of Europe. Here are examples of actions recently taken by DEN PLIRONO:
VIDEO: “I DON’T PAY”: ??? ??????? ????? ????? ???????? 17/2/2012: http://99getsmart.com/?p=2285
VIDEO: MOVEMENT “I DON’T PAY” IS SPREADING ACROSS EUORPE: http://99getsmart.com/?p=2280
Yes this is legit, nice job putting together the links.
"If we have to go through one more year of endlessly repetitive and utterly worthless European bullshit...we are done."
Tyler? Are you implying we have had any choice in this so far? Because if had I would have been done with the whole lot back in 2009.
German speakers may prefer this video
http://www.youtube.com/watch?v=PijGN7G-pl8&feature=related
http://www.youtube.com/watch?v=v78-9OaVG8Q Juncker condemns Germany's Debt higher than Spain
if you read the Slog article:
GREEK DEBT EXCLUSIVE: DEFAULT PLANNERS ‘FALLING OUT OVER FIREWALL’,
you'll see that the US thinks it's funding the chopping off of the Greek leper,
outside of the Euro. The Europeans are in the process of screwing it up, and yet
they are giving Greece 38 changes to Greek law and other demands, in order
to make it impossible for Greece to agree and complete this by the end of the month.
I think one group wants to eject Greece (US,ECB) and the other wants to change Greece and keep it,
enslaved for a really long time. (e.g. Schauble).
That's where they're all wrong. As long as the Greek government could threaten to
default and stay within the Euro, they had some leverage.
Now, the parliamentarians are being threated with Drachma-land, which will mean
a year or two of chaos and poverty, which will include them leaving power for ever.
This is why the Greek politicians will make it look as believable as possible that they are
doing what they're told, whether they are doing anything really, or not. They only thing
they care about is power, or the chance of power.
As a reward for zerohedge readers, contagion may take down all this bullshit 800 trillion in derivatives,
dousing the gold market, etc.
It seems that the Schauble position, against default, is that
the 'corn is in the pan, ready to pop'.
If Greece pops, nobody can say that the other kernels will not pop.
So, contagion seems to be the option if those idiots in the ECB/US
push Greece over the edge.
And the 38 theses of the Troika may just do the job. and if that doesn't,
then the calling of a CDS will.
get your marshmallows, betches.
the knights who say 'ni' are nothing compared to the Greek politicians,
who always say 'nai' (yes) to the orders given from above.
Even if that means the destruction of the whole social network of private
business, consumption and what remains of a costly, bullshit public sector.
The politicians in GR will make it seem as if they're doing what they're told.
Don't you folks realise that these are the ways of a country that is accustomed
to somebody trying to rule them? the Romans, the Turks, the British, the Italians,
the Germans, the Americans, the Troicycle, the Germans and the list goes on.
To some degree, I congratulate the GR politicians for
frutstrating the occupiers. The trump card is that nobody is going to start a war with
Greece, so therefore, in some way Greece could win if they are let go from the Euro
nightmare, without any debts on their books.
In that case, the stoopid politicians in Greece will eventually be justified by history.
right now Euro= slavery.
and, chillax, Tyler. Everything will be ok. It's all gonna blow up, real good!
http://www.youtube.com/watch?v=WvHGW468n44 (@ 2:25)
The Greeks are not effete, Tyler. They're mostly home owners. They've got investments,
and until recently, they had savings. They're also accustomed to being ruled and
choosing their battles wisely.
The bankers may indeed fuck themselves, by the looks of it, and fuck the Greek politicans too.
And the people won't have to do much.
when you live in a small country, that's how you think.
As I said before, the banksters think they're gonna swallow up Greece, but they'll probably choke on it.
And if that doesn't happen, I'm sure the Spanish and Italians will revolt. They're accustomed to getting
their way. They're former imperialists.
"We've had it"
Newsflash: I've already had it.
German Chancellor gets a beer shower:
http://www.liveleak.com/view?i=738_1330143159
If we want to talk about effetes, we should talk about Americans who's only way to ``fight the power`` is to peacefully get clubbed in the head by the cops. Yeah that'll change things.
the banks will need further bailouts but they can get
them through not only greece but spain , portugal, italy
or ireland, no? banks get the money, "sovereigns" get the
debt.
this could work for a long while as long as the people
do not know what money is. ongoing
Yes, more bailouts on the way. The Germans may capitulate, according to Financial Times.
Germany softens resistance to eurozone 'firewall'.
http://www.ft.com/intl/cms/s/0/c87c561c-5f06-11e1-9df6-00144feabdc0.html...
http://www.youtube.com/watch?v=ejbz4RVh0oU
Beating a dead horse at Discovery World
OMG ... just realized ... Junk'er
I can understand how Greece would arrive at a need for a third bailout ... overspending the public fisc is what politicans do, especially in the face of unlimited resources. What I cannot fathom is that any politician in the net-funding states of the EU would ever put themselves in the position of having to consider a third bailout.
Fool me twice, shame on me ... Think you're going to fool me a third time and I must be a total idiot if I haven't already kicked you to the curb. The EU leadership obviously has battered-spouse syndrome.
http://en.wikipedia.org/wiki/Military_history_of_Greece_during_World_War_II
The long-anticipated German attack (Unternehmen Marita) began on April 6, 1941, against both Greece and Yugoslavia.
Repeat of history.
"Production goods dervie their value from that of their products. Not so money; for no increase in the welfare of the members of a society can result from the availability of an additional quantity of money" Mises - The Theory of Money and Credit
"Labor is not the source of all wealth. Nature is just as much a source of use values (and it is surely of such that material wealth consists!) as labor which is itself only the manifestation of a force of nature, human labor power." - Karl Marx, Labor Theory of Value
And always there comes
An end to all destruction
For tentative peace
As there comes to Bailouts
A quiet voice in the night
"Quit while you're ahead".
HARSH! But unfortunately deserved.
I have to say though, talking about revolution is much easier than actually doing it. I've been checking out new movements, and unfortunately, they are either already co-oped by the powers that be, or set up to be easily usurped by the same ruling powers they propose to overthrow! Use the repressive mechanisms of the state to overthrow the state, thus cementing the oligarchy's and foreign interests' hold on power through the illusion of change and revolution! It's all BULLSHIT!
I just don't know what to do. Any blind, violent swinging at anything and everything is easily marshalled for the elites own purposes.
I question how much needs to be done at this point. The snake has its own tail in its mouth and is swallowing as quickly as it can, I am having a hard time seeing any scenarios that dont end very badly over the next decade. I dont see how the current power can be maintained for too much longer before it becomes paralyzed and collapses of its own weight. Yes, they can still kick the can- but its getting larger and heavier every time now and the systemic problems created by these actions are taking their cumulative toll.
I guess for me, I feel like I am looking at a building with massive cracks spiderwebbing through its foundation at a rapid rate. If I hit the building with a hammer, does it change the inevitable conclusion? Is a revolution even needed when the power structure in place is rapidly approaching the point where it can only feed on itself? I personally think its wiser to take steps to assure survival in the unavoidable collapse of the building instead of spending time and energy trying to figure out how to speed it up- such an end is already a certainty to my mind.
http://www.youtube.com/watch?v=BiMZYdVLqME&feature=related
Biomimicry - Discovery World
The cash burn rate must of equated to under 1 minute. Nope, we didn't see that coming. :>)
Well the US have to flip over 27 billion EVERY DAY just to stay solvent.
Also 4-5 billion in new debt every day is added to the ``official`` debt.
If you think Greece is bad, you ain't see nothing.
Read: The banks want more of our money - period.
Wealthy Greeks moved their money out long ago (to Swiss Bankers' Joy!). The lesser-to-do moved their money across the border to Bulgaria I saw on BBC a few days ago. Also, small businesses have scrammed to these bordering nations to hire cheap workers....so don't bash China too harshly since the Greek business owners are doing the exact same thing to their own people.
The poorer folks and these small businesses have also moved ALL their money to Bulgarian Banks the BBC said.
They did not mention the other borders but it would be interesting what's happening along the Turkush, Alanain, etc border.
Desperate times for them.
People are learning the meaning of "no gots". Watching these bailouts bounce from one bank vault to another has to be frustrating.
http://thedailyclimb.wordpress.com/