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Negative Salaries, Negative Bailout And Now Negative Gold - Greece Just Became The Bankster's Paradise
While Iceland is now known as the country that is the closest earthly approximation to banker hell, it is safe to say that Greece is the terrestrial equivalent of banker heaven. Because as explained earlier today, the country's population is about to get a worse deal than your average run of the mill slave - they may get whipped, but at least never have to pay for the privilege, unlike the Greeks. Hence negative salaries. As also explained, the European bailout of Greece, is now formally a Greek bailout of Europe, funded by the country's already negative primary surplus, or better said - deficit (don't try to make mathematical sense of that - a scene out of Scanners is guaranteed). Hence, negative bailout. But the piece de resistance, and the reason why Greece is the in situ version of bankster heaven is the news from the NYT that Greece is also about to have negative gold.
Ms. Katseli, an economist who was labor minister in the government of George Papandreou until she left in a cabinet reshuffle last June, was also upset that Greece’s lenders will have the right to seize the gold reserves in the Bank of Greece under the terms of the new deal.
Well, they may be broke, and they may be bailing out Europe, but at least they'll have no gold: sounds like a sweet deal - it makes perfect sense that Greeks are taking every incremental humiliation from a syndicate of few fat, bald types who have access to a digital money printer, with the supine determination of an Oliver Twist.
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yep.. their only hope a gold backed drachma is gone.. its the worst possible outcome
-Bernankenstein
An example of people who fought back against TPTB and won:
The Coconut Revolution (51mins documentary)
http://www.youtube.com/watch?v=LDpvxQe_Jhg
Pussies
2 down arrows no takers
The Greeks are taking it up the ass just like everyone else will.
Gaddafi ring a bell?
it cant get any more blatant than negative salaries
And bayonets up the ass
Down arrow perpatrator
I'd knock you out
fuckin campfire girls
1 year + 46 weeks
six posts!
welcome to zH, shithead!
Pussies
2 down arrows no takers
The Greeks are taking it up the ass just like everyone else will.
Gaddafi ring a bell?
it cant get any more blatant than negative salaries
And bayonets up the ass
Down arrow perpatrator
I'd knock you out
fuckin campfire girls
quit yer whining
the greeks are pussies. at least in case of Libya, the hofjuden had to send in the zionist US army to liberate the gold for the usurious hofjuden. The Greeks will just hand it over. Not as much as Libya; but still, 112 tons is not too shabby:
http://www.globalresearch.ca/index.php?context=va&aid=24462
My guess is that the Greek People thought they could milk this thing for as long as the EU will let them, they would then default and have their gold to back their money with.
They chose brinkmanship and lost.
Obviously in Greece, you CAN still bring worthless fiat currency in exchange for Physical Gold!
Perfectly normal in monetary bizarro world. At least according to their bs rules.
Greece is being vaginally, anally, and mouth raped all at the same time.
Coming soon to a land where fraud rules (so almost everywhere).
Glass-Steagall
Send in the Marines to defend our beloved democratic law and order.
If so, how beaten down is the population to just stand and take it?!
Greeks are the same as any population - if they understood how money works, I doubt they ever would have allowed this to happen. They're probably of the same mind as about 50% of the US population - money comes from the government, and that useless barbarous relic is a distraction that has nothing to do with any of this.
Gold is a barbarous relic that you can't eat and which has no relevance to modern economic systems. But the bankers are careful to reserve the right to sieze it. Something just doesn't add up. And it isn't just the Greek government balance sheet.
Greece is like a submarine which is approaching crush depth. The pressure gauge is well past the red line and groans and creaking noises are being heard throughout. How long until it implodes?
Of course the lenders get the gold!!!
If I have a bunch of gold and land and controlling interests in telecom companies and utilities, and I quit working and borrow tons of money to live a Rock Star lifestyle for 20 years, then declare bankruptcy - what do you think I get to keep?
I'll loose the land, the companies and the gold. I'll get to keep a few personal possessions and that's it!!
The Trokia is simply a debt collector trying to get the investors their collateral. Greece is being let off light by being allowed to keep it's islands.
This is why I think sovereign debt should be illegal. It's politicians being elected by special interests to mortgage their countries' future.
No banker should be willing to lend money to governments without collateral. Posting collateral should be illegal because the politicians don't own it.
Any banker that lends money to a government on an unsecured baisis should be regarded as highly as one that lends to a shell company.
Unfortunately the bankers tell all the investors that the collateral they have is the governments perpetual tax capacity and ability to confiscate private wealth and income (slavery). And when SHTF the collateral is 0. Countries get to walk away scott free and after 10 years they can go back to borrowing $ because everyone forgot about the default and is greedy for yield.
Its all F'ing bogus. But you can't blame the bankers for trying to get the collateral they thought they had when they bought a RISK FREE asset. You can also NEVER expect a sovereign to give up what it should have too to make government debt truly risk free. IE all of it's land and assets and 100% of it's residents income in perpetuity.
What do you think the Chinease think they were getting when they bought $2 trillion of our debt. They thought we'd raise taxes however high we have to to pay them back. Sell our gold and companies etc...
But when it's our turn we will simply walk away and point out to them that we spent most of that money building and training the worlds best army.
Maybe those private security companies should try the same thing. Borrow money from rag tag countries, build private armies and DARE the lenders to try and collect
But by all means let's blame the evil bankers and not the lying scum pols that lied to everyone to get free money to buy votes - knowing they would never pay it back.
What's going to happen when everyone owning government debt with >10 year maturity realizes they own a big $0. Lots of people are counting on that money for the future. But it's all a pnzi scheme. Once the remaining workers are too few to shoulder the interest payments without getting even more debt in return, the whole thing collapses.
Japan is next, then the US. China is totally screwed.
Loan sharks knew that if they took the dollars printing machines under their control they could suffocate the world ...they could initially suffocate USA and after taking the USA from the Americans, they could move and suffocate the whole world and take the countries from their people.
FED printed cheap money and loansharking multiplied this money in an unnatural way within the American economy boarders and they discarded them abroad so that they did not threaten USA. USA became the first state in the world with artificial “breathing”...
It cannot be possible but just in the USA for only the last year, more than one million houses were seized. It cannot be impossible but the New World has returned to tents and shelters ..has returned to the ages of Columbus. It cannot be possible that we allow to a few loan sharks looting the toils and the assets of people...
http://eamb-ydrohoos.blogspot.com/2012/01/global-debt-crisis.html
------------------------
Global Debt Crisis
The Greeks need to find someone who can drive das boot they bought, load it up with their gold and hide somewhere. Then, DEFAULT DEFAULT DEFAULT and triumphantly announce the new drachma backed by gold (bitches)!
The EU is has been so desperate to fend off a default that they have had their heads too far up their asses to think about how the non-existent European Army is going to handle the civil war that they are fomenting in Greece.
According to the IMF
http://www.imf.org/external/np/sta/ir/IRProcessWeb/data/grc/eng/curgrc.htm
they have 3,590,000 ounces.
Worth having.
Gold worth about 5 billion Euro today. Not bad, but in the end it means nothing for Greece.
Bilderberg Group and the crimes against humanity.
This is how things work in all countries. Whatever used to belong to their people, today it belongs to the multinational companies of the Club. People were betrayed by their given leaderships and they lost everything. Capitals and markets were handed to the Club bosses. If you understand what is going on in Greece, you can understand what is going on in Britain, France, and Germany etc..
http://eamb-ydrohoos.blogspot.com/2012/02/world-war-iii.html
.
I would say now is a good time to bring out the "300"......Can we get a 3d version, maybe change the story line around to pump up the masses.
Greece will burn again!
Keep spending most our lives
Living in a Banksta's paradise
We've been spending most our lives
living in the Banksta's Paradise
Best thing anyone in Greece can do right now is to leave . Move to another country where your efforts will be rewarded. If enough people leave , thi debt deal will collapse.
If they do that, the banksters will just import a bunch of trash from Turkey, North Africa, and Africa.
Oh wait...they're already doing that. :/
http://www.youtube.com/watch?v=KkLj3on6oUs&feature=share
negative food coming
So the latest Euro-bank bailout is put on Greece's credit card, and if Greece doesn't make the minium payment each month banks get Greece's gold.
I'm sure those banks hope Greece won't be able to make that minimum payment.
Well we could certainly use another one.
The first one didn't get them all.
I can't believe these Greeks are just gonna let the ECB take their gold. What is wrong with you GREEKS. F.cking default
it is not something wrong with the Greeks. The system that rules Greece is Retarded and need to be changed
What a coincidence! Gold just shot up, and now THIS! Hmmm.....
As of 2010 data on Greek holdings thier estimated value of bullion is only 6.2 billion. The Banksta's still get F.cked for a whole lot more
i'm sure it's just a back-up to the escrow account
debtors in possession and all the jazz, ya know
coming soon to a theatre near y-o-u!
It's an Orwellian opposite-world... up is down, night is day, black is white... and productivity, salaries, and gold are negative.
Greece, along with the other EU membership bag holders will discover they have been knocked up. More financial dependency is required by pretending that new policy has greased all wobbling wheels.
Kings of Leon - Closer (HQ)
Come on guys and gals, you've got to stop swallowing this shit! Hell, I think the situation is completely fucked up too, but this snippet on "they have the right to take our gold" is from the NYT!
This is just part of a war of disinformation - the Yanks print $ like crazy to keep the crap afloat but don't want the € to become a serious competitor as a global reserve. Nor do the Brits, albeit the £ being small beer in this game. They NEED to fuck up the €, that fortunately for them has a major structural fault. So they attack via the press and the rating agencies and political machinations - in this case, they're trying to push the pain/pride buttons to get the Greeks to rise up to screw up this short term fix! Do you really think that it's written in the text of the agreement that they can snaffle the Greek gold? If so, please find it.
I read ZH daily as part of my info input, but with regard to the € it's sometimes just disinformation. Shit, I'm bear and agree that the € is in the merde if they can't [miraculously] agree quickly on creating a real federation with uniform taxes, retirement ages, labour mobility, etc., but some of the stuff written on the Net is complete bollocks!
well, with 4 posts under your belt, good for you!
did "part" of your "daily input" include the stuff about the "escrow" for the greek debt payments?
what if that "escrow" account doesn't get "closed" some time up ahead?
answer: the creditors seize the assets
see the little "search" box? type "creditor in possession" in the box and hit "Search"
the "escrow" articles were w/in the last 24 hours
hang in there! tyler loves you, too!
Come on, the US took British gold during WWII with the last shipment collected by US warships from Simonstown naval base in South Africa. It had to be gold or no "Cash and Carry" weapons and everything else including leases on islands had to be sold off so Britain could commit hara-kiri fighting Germany and Japan and Italy simultaneously with uSA neutral and USSR allied to Germany. So it's no different - if you're in a hole they claim everything
After two years of war, Roosevelt had drained Britain dry, stripping her of all her assets in the USA, including real estate and property. The British owned Viscose Company, worth £125 million was liquidated, Britain receiving only £87 million. Britain's £1,924 million investments in Canada were sold off to pay for raw materials bought in the United States. To make sure that Roosevelt got his money, he dispatched the American cruiser USS Louisville to the South African naval base of Simonstown to pick up £42 million worth of British gold, Britain's last negotiable asset, to help pay for American guns and ammunition. Not content with stripping Britain of her gold and assets, in return for 50 old World War I destroyers, (desperately needed by Britain as escort vessels) he demanded that Britain transfer all her scientific and technological secrets to the USA. Also, he demanded 99 year leases on the islands of Newfoundland, Jamaica, Trinidad and Bermuda for the setting up of American military and naval bases in case Britain should fall.
Of the 50 lend-lease destroyers supplied to Britain, seven were lost during the war. The first was taken over by a British crew on September 9, 1940. After 1943, when no longer useful, eight were sent to Russia, while the others were manned by French, Polish and Norwegian crews. These destroyers were renamed when they arrived in Britain. All were given the name of a town or city, hence the term 'Town Class' destroyer. During the course of the war, Britain had received 12 Billion, 775 million dollars worth of goods under the Lend-Lease program.
QUOTE
Lord Beaverbrook was later to exclaim "The Japanese are our relentless enemies, and the Americans our un-relenting creditors.""
I think it was the John Birch society that ended up with all the gold japan stole from china during ww2.
Greece needs to take it's gold on a boat ride.
On behalf of Goldfinger, Oddjob just threw his hat into Greece's neck!
I think the Nazis treated Greece better than the European Union, European Commission, the IMF and the ECB.
Pathetic.
you are wrong..... Nazis did much worse although time has not run yet for the Troika
Charles / Thomas Pappas predicted this.
greeks must have negative IQ to allow this.
has anyone got a chart on countries that have lost their sovereignty the last decade. those that have been occupied but "allowed" to vote. This decade is going to be all about weak european countries and their loss of sovereignty.Stop sweating the small stuff and see the big picture.
Do you or anyone know of such info or chart that showing All the Sovereign Countries that have been captured within the last decade yet ostensibly "allowed" to vote?
It's so bleak for humanity that all seem so helpless in dealing with the wicked banksters & their gangs... we can see clearly their outrageous actions but nothing seems able to stop them! At least not yet now.
All we see is just the falling victim, one after another.... :( and the banksters & their accomplices remain untouched!!!
JUST is etherware!
If you let Greece be a banster paradise expect your Country to follow.
Banster Greed is well known