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Monday Will Not Be The End Of The World, Sorry
Via Mark Grant, author of Out of the Box,
It was January 13, 2010 when I first wrote in my commentary that I thought Greece would go belly up. It was in May 2010 when they first needed to be bailed out. This small country with a giant debt of $1.3 trillion has engaged the markets ever since. Sunday the country votes and whoever wins I expect no massive explosion in the short term. The new Greek government will try to renegotiate the terms and conditions of their bailouts and we shall see just how far anyone is willing to go. It will be a game of chicken with Germany in the end and a solution perhaps will be found but no good one as Greece could not pay back their current debts if Hercules arrived to help; much less any new debts which will be required to keep the country afloat. Any “Big Bang,” if it comes, will not come on Monday morning as that will just be the beginning of the process to scream and shout and dance around like some Opa bar with Ireland, Portugal and Spain demanding equal terms and, oh yes, Spain will be in the hand-out line soon enough along with their banks.
Perhaps that all of this has gone on for so long or perhaps because we keep hearing the cries of “Wolf” each week for the last several years that the markets are impervious to any new cries for help. An odd kind of complacency seems to have set in where nothing matters too much and everything will just be fine. Yesterday’s equity market rally based upon the central banks providing liquidity is just what any serious observer would expect and yet the stock markets rallied as if this was something out of the ordinary which clearly demonstrates either the market’s lack of understanding of real world events or it represents the hype of some hedge fund that was tossed around in the media like it was a new product at Apple. In any event, don’t wake up on Monday morning and think that Greece will have left the Eurozone and returned to the Drachma. That is not how things will play out.
At some point, in the next few weeks, it will come down to a calculation of just how much money the EU is willing to spend to support Greece and not cause a default and if Greece is to leave the Euro I think it is much more likely that they will be forced out rather than leave on their own decision. In the meantime the situation in Spain will worsen as the needs of their banks and of their Regional debts throw the country past the borderline of self-help. Aid will be called for in increments and it will probably total $350-400 billion by the time the final tally is made. Europe cannot afford this and I would not be surprised to see one of the funding countries saying that is it for them which will throw Europe into a tailspin. Effectively there are bank runs underway in both Greece and Spain currently and while no central bank will talk about it and no politician mentions it there is every indication that this is what is taking place each and every day now. It would not surprise me to see the imposition of capital controls and then a new round of havoc will ensue.
In the final analysis it probably all comes down to what price the Germans are willing to pay for dominating Europe. I suspect that when the Germans find themselves with a lower standard of living for paying off everyone else’s debt that the mood in Berlin will become much more somber as the cost of “living the dream” becomes so burdensome that tempers begin to flare. The French and the troubled nations are all calling for a single standard of living really and I just cannot imagine that Germany is ready to undertake that cost without serious consternation. Due to the recession and to the European methodology of counting debt to GDP ratios and to their allowance of “funny accounting” at their banks the downgrades continue, such is in the Netherlands today, and you can see the financial deterioration that is taking place all across Europe. The European Union is sinking under its own weight and it is not only questionable if the Germans and their partners want to pay but if they have the capacity to pay without all of Europe becoming a BBB+ credit if, to quote Chancellor Merkel, “more Europe” actually takes place.
“Enter Stranger, but take heed
Of what awaits the sin of greed
For those who take but do not earn,
Must pay dearly in their turn.
-The Front Doors of Gringott’s Bank
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Where is Cosimo De Medici?
could you ever forgive your parents for naming you Cosimo?
If they put you in charge of the world, would you care?
Reasons why Greece CANNOT be allowed to leave the Euro:
1. This would cause a loss of confidence sovereign credit throughout the EU, which will seriously damage the balance sheets of some of the world’s largest Systemically Important Financial Institutions (SIFIs)
2. If Greece is allowed to leave the Euro, it will set a precedent for insolent populism which will lead to ignorant EU voters demanding "referendums" on issues they simply do not understand
3. According to President Sarkozy (former President of France), a Euro breakup is highly likely to cause war between the currently unified member states
President Van Rompuy has his hands full this weekend, but I trust that he will succeed in building a foundation for a stronger more unified Europe, REGARDLESS of the outcome of the Greek 'elections'.
And where are they getting the money to hold all these elections?
- Adding funds to your account to avoid liquidation.
- Curtailing unnecessary exposure, by closing some or all existing positions prior to the market close at 4 pm EST on Friday June 15th.
- Placing stop orders. Please be aware that stop orders may slip if the market gaps or if there is extreme volatility.
The events unfolding in the Eurozone in the following weeks will be pivotal for the future of the common currency and the nations involved. Stay current with news announcements so you are aware of potentially volatile market conditions. lolPffft!
Now where's that crack pipe at?
"... what price the Germans are willing to pay for dominating Europe."
Mark, you are pathetic and tiresome.
Go back into your anglo-saxon hate box and close it, you son of ex wordl-dominating carpet bombers.
MDB, forgot the "C" in SIFI.
Should read SCI-FI, Systemically Corrupt International Financial Institutions.
Or SIFI Less
Wow. Sensitive, much?
What he said belied nothing of which you accuse.
Big down arrow for not knowing how to play Fight Club.
Yes. Sensitive. And yes, much.
"The Germans" have been been paying for others for decades now. Hundreds of billions. We didn't want the "Euro". "The Germans" didn't want this bailout game either.
So, we are not only paying the bills, driving our ex nation into ruins. No, we get accused for this mess. The German elite hates the German people, history and culture. So they want to dominate Europe? They want to set up the NWO and they are as German as Rockefeller or Kissinger.
Scroll down to rwe2late's comment (2529084). You might understand than.
OttoMBMP: So STOP already!!! Save yourselves. It's ridiculous to participate.
How exactly?
excellent and non-trivial question.
if you live in a society controlled by beasts ( they call themselves the elite ) with no real democracy ( all the candidates belong to the beasts ) what can you do?
especially, what can you if you have not figured this out until you already have a job, a family, and children?
what you can do is prepare for when beastworld falls apart, which it is very busy doing.
and teach your children that no human can have power over another human, and that fake money is the root of all power.
Fair enough, but I don't infer that Mark is automatically pooling the German people with the German elite. I think that, when speaking of a "European take over," he is referring to the German elite. That's my take, and it's clear that you have a passion for the discernment that I don't know or clearly understand. But I don't think Mark is your enemy here.
When I see "Mark Grant", I can be sure there is some bold text about German plans for domination.
Barroso is Portuguese, van Rompuy is Belgian, Lagarde is French, Draghi is Italian.
So why always "the Germans"? No, my friend. This is no innocent accident.
Dear Otto, please understand that yur traction here will be extremely limited until yu come out with the truth that lurks behind yur thesis...
how could one reasonably expect the Germans to 'dominate Europe' when they can't even dominate Germany?
Germany, in it's various forms since the beginnings of the C20th, has been an outlier component of the Kosher Klepocratic Konspiracy - which arranges the deaths of real Torah Jews and then pins the blame on gullible gentiles - and spans both sides of the Atlantic in it's function as a hegemonic korporo-khazarian-kartel that prohibits publication of its many krimes against human kind by means of it's vice grip control over all forms of kommunications media.
I know that it's a kriminal offence now in Allemanistan to repeat such verboten verities, but I guarantee yu'll feel better if yu just say it anywho.
I don't see how anybody could logically come to the conclusion that the end result of everything going on in Europe is German domination. Their balance sheet is not that much better than everybody else's and if you don't want to listen to me, simply pay attention to Kyle Bass who is everybody's hero here, right? Germany has a lot of their own problems. They're not apparent yet because, like the USA, they are perceived as a safe haven. The key word is perception. The math does not support the conclusion at all and the math will win.
Yep. Germany will go down with the rest.
And it would be nice if Germany could at least share the responsibility with the rest (for once).
yes einstein, go ADD funds to your account
Margin call, suckaz!
"And where are they getting the money to hold all these elections?"
"World" bank pulling of cartel strings?
If the market hasn't "baked in" this Greek farce by now, they shouldn't be in the kitchen.
Greece's TOTAL debt is $360 Billion.
We threw MORE than 1000 X that much at bailout/QE/Twist, so far.
The ONLY thing I can't figure out is WHY they are trying SOOOO hard to make this seem like such an earth shattering event.
Ever watched a sheep dog viciously biting the heels of a single fluffy sheep attempting to stray outside the flock?
Methinks each of those instances have already happened.
Ha! Ha!
Ha?
http://img.fotocommunity.com/images/Menschen-bei-der-Arbeit/Uniformen/Pr...
http://gabrieleweis.de/3-geschichtsbits/histo-surfing/5-neuzeit2/5-1-kon...
The biggest fear the ECB/EU has is if Greece successfully leaves the EU. I imagine a Greece with a robust recovery would be the EU's worst nightmare. That would then mean all of these policiticians would have to move on from this mess admitting failure and they would have to find some other government entity to bleed dry.
At this point it's definitely all in, even if Greece got out, certainly not on it's own but maybe by accident, they would do everything to bury it economically, they could not afford an embarrassment like that to see any1 succeed outside of their control, lest people might get funny ideas of independence and national pride
Go back to bed MDB its to early for you.
I wish Tyler would bring bacck the captcha. Perhaps then, MDB wouldn't be able to figure out how to enter a four character answer in a three character space.
.. quantum mechanics based captcha ?!
Reason-based captcha...
Not sure it's complacency as much as gov't algos completely controlling every market move. Don't know how else to explain every down move recovering all losses by the next day.
Funny stuff MDB. Your comic stylings made my afternoon!
The Euro was hatched by the same vermin who scam and control every other monetary system on Earth. Everything they touch rots. Including the Euro. It was never intended to streamline currencies, but to make it easier for parasites to collect.
Would you advise anyone to buy or keep rotting food? Then why are you trying to salvage a rotting currency that only feeds monetary maggots? It's the same cabal feeding off all the rot all the time, why do you want to keep feeding them?
Parasites feed off healthy tissue and the maggots take over after the healthy tissue can no longer function. Parasites by nature cannot survive without leeching off something else, which often dies. We are looking at just that on a massive scale. The big mistake was letting parasites control commerce and growth. They simply can't. They only want to confiscate money through control. That is, to leech off everyone else's work and money.
The drachma worked just fine for 3,000 years, and the sooner the Greeks stop taking orders from parasites the better for them. I still can't believe they are so stupid as to think someone else will provide for them. For this they fought the Turks for independence? What independence? They were better off under the Ottomans. Now they have turned into welfare queens.
If they need a handbook for financial independence they can call up somebody in Iceland. If they choose to listen to parasitic lies they can expect more of the same. As can we all.
Thanks fleur de Lys. It is good to read some sense after a very poor article. Marc should have kept it in his Box
And right when a pundit says nothing is going to happen because it didn't when he last predicted it would, then it the shit can hit the fan, and in retrospect everyone can agree that they knew it was going to happen right when it did.
This whole thing is like seeing someone who drank too much as he begins to percolate.
You don't want him to vomit. He doesn't want to vomit. Everyone hopes he won't vomit. But he is going to vomit. Best policy is to stay well out of range. And nobody much cares what he had for lunch, so long as they don't have to look at it. Or smell it.
Honestly, I could care less if armageddon happens on monday.
Would you rather live a mediocre life of working 10 hours a day, paying taxes and funding a select few to a lap of luxury?
Or do you rather live a life in poverty where the you are tilling the farmland with the likes of Warren Buffett, Larry Fink and Mark Zuckerberg?
I would definitely choose the latter.
Your argument reads something like:
"That volcano CAN'T be allowed to blow, because then:"
1.) Houses and people would burn
2.) Smoke and soot would fill the skies
3.) Airplaines wouldn't be able to fly
The results of an event don't determine the chances of that event occurring.
But, then, you probably know this.
Unless you're talking about 21st century economics.
I don't know about those dego wops, but the frog banks in socialist-surrender land are pricing-in a New Printopia.
Socialist politicians just love having (other people's) money gush out of their asses.
You seem to work the french markets a lot. You have a special interest in France?
Oui, c'est vrai.
It just seems to me to be a little easier to predict what is going to happen there, tactically, considering the players and the numbers. Also, a slightly cleaner market, compared to the USA.
Non?
Oui, since you were posting that stuff about your cac shorts a while back, I decided to sick the dogs on cac. I've found some interesting stuff. It does look more 'real' than anything in the states.
Surprising, actually.
At least 4 people on ZH are from France and disagree with us.
Delores means "period pains" in Spanish, from what I was told.
there's a Seinfeld reference in there somewheres...
OT, nice to see the "glass is always full" Snorgtees ad again
End of the world or not, those Snorg girls always bring a smile to my face ; )
Your mulva is showing.
You mean "uvula?"
"Mulva" --- now that's spongeworthy!
I usually get this ad with a girl with really big boobs lying down, wearing a t-shirt saying "I used to care."
I dont know what it implies, but it gets me really horny while reading ZH.
Umm...I'm just going to offer that certain word sequences should be banned.
I agree. The sequence "I used to care..." gets me really horny while reading ZH as well.
LOL. Well played.
Chrome Adblock is a good way to stay focused on the end of the world.
it probably means that you've been searching for pr0n on google. Zh uses google ads, and google likes to "personalise" the ads it shows.
now you know what it means
you also now know that by revealing what ads are shown on the webpages you visit, you reveal your recent google search habits :)
Bud... Im at work. I havent searched anything pr0n or sexplicit.
I knew what it meant, from seeing some other folks getting a hard time here ... lol
I might be stupid but not retard!
If you worked for the SEC you would so get fired.
Spend all day working? Sheesh! Why do that, when there is an internet full of porn!
pods
rats, I'm not seeing the Snorg-Tee ads. Does that mean I have to go surf pr0n before I will see them?
There's a great Dylan song with the lyrics "I used to care, but things have changed."
www.youtube.com/watch?v=L9EKqQWPjyo
Listen to it. It's really on of his best in some respects.
Easy to play. Pull the chords and lyrics. It rocks...AND rolls.
It could be the official ZH theme song.
I'm a worried man, got a worried mind
No one in front of me, no one behind
There's a woman on my lap and she's drinking champagne
Got white skin, got assassins eyes
I'm looking up into the sapphire tinted skies
I'm well dressed, waiting on the last train
Standin' on the gallows with my head in a noose
Any minute now I'm expectin' all hell to break loose
People are crazy and times are strange
I'm locked in tight, I'm outta range
I used to care, but things have changed...
Damn, I have a T. Rowe Price ad.
I've clearly pissed someone off....
At least I'm not getting the muslima.com ads...I never understood that.
Trav777 or whoever is gone right?
I blamed him personally.
Sin dólares hay muchos dolores. (Without dollars there are many pains.) -An old Spanish play on words.
Sin pesos no hay besos.
LULZBank>
No, DOLORES means pains or sorrows.
This writer will eventually be proven correct once the ruling elite has raped the continent of what little is left ... and the European muppets die the death of 1000 cuts
The longer it takes for the reset the more Silver we can buy on the cheap.
No rush.
I agree the world has slipped into a complacency about each new intervention, but every new one is bigger than the last with even more devastating consequences. I believe the time grows short now.
Complacency or deer-in-the-headlights syndrome. To keep the farce going they either print/QE as we do or form a United States of Europe. Either path is doomed to failure too and they know that.
Complacency... similar to the metaphor of a frog boiling in water by gradually raising the temperature. I don't think the consequences are any more devastating. It's just timing.
Everything mentioned in the Reuters article was already on the table – no surprise announcements .
For maximum negotiating power , it is in Greece's best interest to vote in those who are anti-austerity , then squeeze Germany's balls like a vice.
There would be zero gain voting in a pro-austerity crew - would be a massive defeat , Greeks are already bent over and have assumed the position, they have little to lose and much to gain.
Gringott's? What are you, fourteen?
The ones who read the original books as kids are almost 30.
How would you know to call 'em out unless you read it yourself?
I read them to my kids. If you think Rowlings is quotable in a grown-up context, you haven't really read enough. Unless you are joking.
When I read (past tense) to my kids, it was something more like Frog and Toad. Reading Harry Potter to your kids doesn't quite fit that mold - I'm struggling to imagine a 13 year old sitting on your lap. Just sayin'...
I'm not.
"The time is coming when all must choose between what is easy and what is right." -- A. Dumbledore
I'll take your sister!
Aaaaaaaaand rim shot.
Wait, was that a 2-fer?
..that's what she said...
Are you serious? Some of the best quotes come from children's books. They are simple and teach basic lessons that people tend to forget as adults.
“Unless someone like you cares a whole awful lot, Nothing is going to get better. It's not.” - Dr. Seuss
"I used to believe in forever. But forever's too good to be true." - Winnie the Pooh
"Now the trouble about trying to make yourself stupider than you really are is that you very often succeed." - C.S. Lewis
-The Front Doors of Gringott’s Bank
A make believe bank with magical powers, best part of this story. You cannot make this shit up .......... oh, just did.
Yes, only in the fantasy world of Harry Potter do you get a banking system with silver and gold coinage, no FDIC or central bank and 100% reserves.
Greece won't voluntarily leave? From what I've read, the Greek people have made their decision and are voting with their feet. It's not as though Greece can survive if people aren't using the banking system or paying bills.
Yeah, my mother-in-law wouldn't leave voluntarily, either. Where is she now?
In a cement piling in the Meadowlands?
"Monday Will Not Be The End Of The World"
It will be for some Greeks waiting for their medication.
Good point.
For many millions, both in Greece and the rest of Europe (not to mention within the USA as well), the end of the world has already come and gone. But because we do not see the concentrated misery of the bread lines and Hoovervilles of the 1930s, the corporate-controlled media can still pretend that all is well.
If not the end of anything, it might become a risk on celebration. Your regular readers may be able to tell that this episode goes on and on until one day, everything falls apart. And the best part is that we know why it happens years ago and there is nothing we can do about it.
I call "mulligan". That wasn't very convincing.
I'm really bored by the daily headlines from Europe. Waiting for the collapse seems like waiting for Godot. I guess New Democracy might win the election. I don't think the Greeks are gutsy enough to risk a game of chicken with Germany by electing Syriza.
But you don't know that, because they made polling illegal.
Opa!
think of all the money we could have saved if germany justt took over europe in ww2..
Because they would have stopped there.
http://www.youtube.com/watch?v=vlmGknvr_Pg
Considering the fact that they never built a navy beyond a few ships, they didnt have much choice.
A rather curious oversight for a group bent on conquering the planet, must have been that notoriously poor German planning.
Donitz made a choice u boats over surface.
"During the war the Germans sank 5,150 allied ships displacing 21.57 million tons. Of this, the U-boats were responsible for 2828 ships of 14.69 million tons.(14) To place this in perspective, the Germans sank the equivalent of the entire British merchant fleet at the start of the war.(15) Additionally, submarines destroyed 187 warships, including 6 aircraft carriers and 2 battleships.(16) However, this tremendous destruction came at a heavy price: the Germans lost 785 submarines of 1,158 constructed."
I am aware of that. But one cannot invade and conquer the world with U boats.
My point is that if the end goal were invasion of anyplace outside continental Europe, the naval building program would have been adjusted accordingly. Donitz still answered to Der Fuhrer- if Hitler wanted an invasion fleet, they would have built one. The fact that they had no aircraft carriers or real surface fleet clearly shows that the sea control necessary for invasion outisde wasnt on the agenda, they didnt even have enough navy to cross the English Channel because invading England wasnt part of the plan much less anywhere else.
Exactly why nobody should pay off their personal debts. Money and debt are a big fat suckers game.
Those bank runs/jogs or whatever are expensive as the ECB has to make up with fresh Euros the withdrawals from the affected banks. How much longer will they put up with providing such funding?
If this is true, we have really lost our way.
http://sphotos.xx.fbcdn.net/hphotos-snc6/c118.0.403.403/p403x403/181353_...
Is this how trolls are recruited?
Oh please, do tell us more!
Don't forget about the brilliant Greek master plan to stop Germany from trying to take over the world again:
http://www.youtube.com/watch?v=Zvl9N9GdraQ
“Enter Stranger, but take heed
Of what awaits the sin of greed
For those who take but do not earn,
Must pay dearly in their turn."
That's the trouble. If you're talking about banks, they don't. Taxpayers do.
But wait!! King World News has been running hundreds of headlines, "Any Minute Now, I Swear!! Total Financial Collapse!!!"
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/6/13_We...
Good call on TLT
And yet gold is up over 300% in REAL (inflation-adjusted) terms in the last twelve years, silver is up over 400% in the same terms over the same period, and the stock market is DOWN more than 30%, with government debt in the biggest bubble in financial history and which is ready to burst. Keep laughing, fool.
Silver, Silver and more Silver.
It's the fast track to the reset.
I agree Monday is not the big day everyone thinks it is......the election will mean nothing....its not the politicians in charge that is wrong with Greece.....its the policies that they ahve put in place over the years....an election will not change that overnight......SOOOOO...whoever is elected...I think a tie again....
What amazes me is WTF is keeping the EURO up so high....I think it should be down to $1.1 by now....it has not moved for 6 months.....huh????
My prediction is Germany leaves the EU........lets them fall apart...then buys them back for 10 centavos on the Euro...or is it dracmas...as a people they will not bail out the others unless they can own them....
"...WTF is keeping the EURO up so high...."
C'ya Monday!
First things first. What about the potential for today to be the end of the world? If TPTB get overconfident and forget to create new rumors, then the markets could make today seem like the end of the world is fast approaching. Small chance but not negligible.
As most people's savings and standard of living would be decimated in the looming reset, the end of the world that matters to them personally is at hand. Few may notice that the actual world doesn't end under neo-feudalism.
On the eve of WW1, many predicted it would be avoided because the royalty of Europe were related by blood. That hope was misplaced because the first loyalty for each member of the elite then had to be to his/her source of power, the nation-state of residence.
Nowadays, much has changed. The ruling elite of the US, Japan, and western Europe are economically, militarily, and politically connected on a global scale. Pentagon-NATO, IMF, BP oil, Goldman Sachs, Walmart, Halliburton, Royal Bank of Scotland, et al operate globally, and derive wealth and power because they operate globally. The interests of those global organizations and those who most benefit by them converge. Inexorably, their solutions are always to transcend “nationalism” with their version of globalism, to promote their self-enrichment as “free trade”, to make binding multi-lateral alliances, multi-state unions, and to break apart any nation-states that impede their plans.
Outlandishly, their version of globalism is promoted as a means to bring the world together in peace and well-being.
But jingoism and ethnic hostilities are not being curbed by their so-called ‘globalist’ inspired cooperation and understanding. Instead, prejudices and divisions are being manipulated and fomented for exploitation, invasions, and repression. Oil, military goods, and drugs now dominate world trade as once did tobacco, rum, and slaves. What benefits the general population is always secondary to what benefits an elite whose power primarily depends on global corporations and other global institutions. Local oligarchies, sheikhs, drug lords, dictators, and glib politicians act as “middle managers” and public relations front men for this interconnected global system. Although the elite do meet at secretive conferences, the policies developed are due less to some conspiracy than to a confluence of ‘oligopoly-oligarchy’ interests.
It is extremely misleading to portray these developments as ‘Germany’ vs. ‘Greece”, or what “Germany” will do. Or what “benefits the USA”.
Such portrayals miss the point when they allege policy decisions will be based on such questions as : what benefits “Germany”? Leaders are sponsored, rewarded, and punished by specific organizations. “Germany”, as an organization, does not exist. “Nations” only exist as ideas, just as “capitalism” exists as an idea, not an organization.
Policy decisions will be based on a ’consensus’ of the international elite’s best course to gain wealth and power. (Remember, there may be a temporary investment of wealth to gain more power and future wealth. It takes money to make money. Most scams involve baiting the mark to set him up for a later rip-off. )
The goal is to reduce sovereignty and gain control of a greater share of wealth. ‘Bankrupting’ a nation’s government and imposing austerity (except for corporate bailouts and military expenditures) seems ideal. However, to avoid resistance, the bailouts are best done discreetly and sold as being for the “public good“. A little economic shock doctrine methodology may be useful to promote tightened financial and social control under a banner of monetary austerity. Similarly, conflicts, scare tactics, and concealment of costs will promote military expenditures.
rew2late has nailed it.
This post should be a headline article.
Well done and keep spreading the word!
Well said, but perhaps you give their competence too much weight...
Agreed. World leaders are no smarter than you, I, or many readers here. They simply had wealthy parents, knew the right people, and chose to play the game.
True, but they are less ethical.
It's not the leaders I worry about, it's their advisors that worry me. The smartest people usually inhabit the shadows and make the decisions that run the whole show. The visible politician is merely the attractive face that got elected...the person who designed the winning election tactics is more deserving of my scrutiny.
Quite so. Scroll through the pages of history: behind every tyrant, there is always found a Wolsey or a Thomas Cromwell; obsequious and indulgent of his lord or prince -- and mantled with the true power behind the throne.
No, they aren't smarter etc. but part from having the advantages you mentioned, they are also the ones that invented the game.
And perhaps it is often the case that the more resources (media, weapons, money, laws, soldiers, etc.) one controls,
the less competency is required
to overcome opposition.
(and perhaps, with such practice will be bred the hubris that goes before a fall.)
You have nailed it rwe2late:
Please keep sharing your thoughts with us in the future. You may not have had time or column space to address some related issues. Some of those issues - within the context of your posting - are;
1. The worlwide infrasturctre that supports the globaly alinged economic elite. BIS, World Bank, NATO, UN, OPEC, etc.
2. Banking/Corporate cartels, regardless of domicile country. Think City of London, Zurich, New York, Hong Kong, Singapore, China, Japan, etc.
3. Large endowed foundations and interlocking boards. Very few of us think of the inter-generational wealth that has been transfererred to them by every mogul since the late 1880's. This money has to earn a rate of return in most cases without taxation and outside of public scrutiny.
3. Historicaly significant universities in Europe, US, Britain. Ever wonder where this international thought consesus comes from and with small shades of difference is almost identical? This gives those wielding power in the background, the cover to implement their plans.
Ever wonder why Americans such as former President Clinton and our current president enjoy such a high level of acceptance and world wide political support? Could these individulas be selected by acclamation to worldwide leadership positions if those infrastuctures or positions existed at present?
National identities, Constitutions, Treaties, International Agreements have all become instruments of control where power is transferrred to the "men behind the curtain" without much if any complaint from the masses.
Lets not forget the 'think tanks" - propped up with non transparent sources.
Multinational corporations supercede political national interests.
Representatives of the people aka "politicians" at the beckon call of multinational corporations.
But not all of them and what Greece is demonstrating quite clearly is that even the influence of multinational corps. is limited. Germany's "Die Linke" (Left party) is challenging the ESM and bailout mechanisms. They will make allot of political hay in Germany if they succeed because the fuse has been lit. Germans are vastly opposed to any further transfer payments to support Greece or any other EU nation that would need it.
This clearly throws a wrench in to the plans of the globalist agenda. Nobody can deny that.
********
Germany's Bundestag (parliament) broke off the session early today. That is quite unusual and happens rarely if ever.
Merkel delayed her departure from Germany for Mexico to await the outcome of Greek elections. Maybe she won't go at all once the outcome is clear and the G20 efforts are being cancelled.
Warnings and clues for panic coming from all four corners of the world.
I think the election Sunday is a big deal and there is no coordinated plan because the inevitable cannot be avoided. The Greek drama also offers political cover for any impositions on the people regarding capital controls or currency and debt resets.
very good description of how "the world" is being co-opted and run by a relative few - rwe2late, you've written from a perspective that would benefit all here to take the time to understand. . .
nationstates are fictions created in the minds of those who desire to believe in historical tales published in books, taught in schools, repeated by pundits, accepted as "reality" when in fact, the truth is withheld for obvious reasons, control the story, control the minds.
there are others who operate without the nationstate boundaries in mind, they work globally, to their benefit (power & money, that which is valued), and they are under no illusions that bind them to a flag, nor a flag-waving population.
it's all tall-tales and sleight of hand, when one truly grasps this, that which is tangible and real (the usual list, varies only from person to person based on preferences) takes front and center, and that which is fiction dis-appears.
also important to note the divide and rule tactics employed to keep people from gathering together for safety and self defense, group awareness - if people are fighting amongst themselves, they're not paying attention except to emotional reactions. . .
drop the flags, pick up the knowledge, create and defend your communities.
But look at the dramatic change the election of 2008 had on the economy of the US...
oh, wait ... nevermind.
Meh, if you're long buy some cheap puts and hold on. Market is going to rip on Monday when people realize Greek elections don't matter, I've been saying that all week
Technically, no, the Greek elections don't matter. However, if people want them to be a big dea, then they'll be a big deal. Self-fulfilling prophecy.
Also, +1. People tend to junk you a lot, but you always keep the conversations interesting.
Whats funny is, some people claim the markets are rigged and manipulated and then they worry about some event having an impact on the markets.
Confused.com
Monday may not be the end of the world, but could be the finale for one hell of a weekend.
So often in articles like this the writer necessarily must talk of Germany, Spain and so on as if these countries are vast and cohesive sovereign states - in fact, we are talking about a tiny group of people at various geographic points with enormous power who have put themselves in a box whose walls are closing in on them. Those people got the power to rule because the vast majority in Europe gave up on moral courage a long time ago - maybe the reason why is WWII shattered any pretense of 'humankind' and no one since believes in anything of a higher power and so what Grant observes now is the festering ooze of biota passing into obscurity and an end to their history - it will be decades from now that new, free people emerge. Decades.
Gonna be a lot of dead people on that side of history, too.
Monday won't be the end of the world.. but I've got my shotgun, ammo, and cigarettes in case its the end of the fiat
Why can't Greece see how well things turned out for Iceland when they told the bankers to go fuck themselves?
“All that is gold does not glitter,
Not all those who wander are lost;
The old that is strong does not wither,
Deep roots are not reached by the frost.
From the ashes a fire shall be woken,
A light from the shadows shall spring;
Renewed shall be blade that was broken,
The crownless again shall be king.”
-JRR Tolkien
I'm a contrarian. I say Monday's the big day!
"The new Greek government will renegotiate..."
That assumes they have one. I'm thinking Belgium.
In the immortal words of James Stockdale, "Gridlock !"
BungaBunga!
Baby...
The Italians will bring him back by acclamation.
"In the final analysis it probably all comes down to what price the Germans are willing to pay for dominating Europe."
What rubbish is this? The Germans don't want to dominate Europe, nothing could be further from their minds.
And, of course, they don't want to pay for the standards of livings of foreign country's people. Nobody does.
Time to drink the activate.
This is not about "bailing out Greece." It's bailing out the foreign banks that OWN Greece.
Just default.
And when the bankers show up on Greek soil with their contracts this and their bonds that, blast them.
It's that simple.
Why even have a country? What is sovereignty good for?
After the band-aid is ripped off, Greece will be the next big thing.
IF the Greeks were smart they would see the void in international banking and understand the world needs its physical dark pools without BIS monitoring and FBI subpoena penetration.
A 1% tax on deposited assets for peace of mind.
Why they would put the Suisse, Israelis, Panama, and Grand Cayman out of business in 12 months.
Come on Greeks.
Grow a pair.
Hit the Reset Button.
Any country that gives up the right to print their own currency is pretty much off the charts retarded.
Tru dat. Greece is a 'kept woman'. She knows how to work, but found a sugar daddy and life lookedd easier. But like most kept women, she never expected to lose her looks.
Now, it's time to do real work again.
Create a Financial entity not controlled by the CB Parasites?
Heresy!
Blasphemy!
Hopefully Greek Financial Terrorism can avoid invasion by a multi-national U.N. Police action, like the ones being prepared for Iran.
Excellent article!
Going to be a helluva decade, financial and otherwise...it is going to be the end of the world as you know it...