ALL BLOG POSTS AND COMMENTS COPYRIGHT (C) 2003-2016 VOX DAY. ALL RIGHTS RESERVED. REPRODUCTION WITHOUT WRITTEN PERMISSION IS EXPRESSLY PROHIBITED.

Monday, June 01, 2015

The can resists the kickers

Greece appears almost ready to do what they should have done years ago and default:
Greek premier Alexis Tsipras has accused Europe's creditor powers of issuing "absurd demands" and come close to warning that his far-Left government will detonate a pan-European political and strategic crisis if pushed any further.

Writing for Le Monde in a tone of furious defiance after the latest set of talks reached an impasse, Mr Tsipras said the eurozone's dominant players were by degrees bringing about the "complete abolition of democracy in Europe" and were ushering in a technocratic monstrosity with powers to subjugate states that refuse to accept the "doctrines of extreme neoliberalism".

"For those countries that refuse to bow to the new authority, the solution will be simple: Harsh punishment. Judging from the present circumstances, it appears that this new European power is being constructed, with Greece being the first victim," he said.

The Greek leader, head of the radical-Left Syriza government, issued a stark warning that his country will not submit to these demands and will instead take action "to entirely transform the economic and political balances throughout the West."

Alexis Tsipras made his thoughts known in a piece for Le Monde, the French newspaper

"If some, however, think or want to believe that this decision concerns only Greece, they are making a grave mistake. I would suggest that they re-read Hemingway’s masterpiece, “For Whom the Bell Tolls”," he said.
Hey, the debt-funded Euro party was fun. But it's over. Now it's time to default, bring back the drachma, and return to the world of real world economics.

Labels: ,

43 Comments:

Blogger LP 999/Eliza June 01, 2015 5:16 AM  

Financial rapists will never escape...perhaps a return to reason, econ and the exile of banker trash will heal the severe unlivable pain reigned upon an innocent Greece. I hope a Deliverance for Greece will happen very soon.

Those poor people did not deserve what the financial rapists pulled them and countless other countries.

Blogger LP 999/Eliza June 01, 2015 5:17 AM  

EDIT; 'pulled on them and countless other countries' who were hooked into absurd debts that were not even theirs to begin with.

Blogger Markku June 01, 2015 5:28 AM  

to entirely transform the economic and political balances throughout the West

To me, this doesn't sound like Drachma.

It sounds like Ruble.

Anonymous Eric the Red June 01, 2015 5:28 AM  

My God, how wonderful if Greece really follows through and pulls out of the EU. It would be the beginning of the end for that miserable set of tyrants attempting to set up their portion of the NWO. It might also start cracks in the stinking edifice of what's similarly happening in the US.

Whether it actually happens or not, one can but hope...

Anonymous Gary June 01, 2015 5:35 AM  

"who were hooked into absurd debts that were not even theirs to begin with."

How about not taking on loans you can never repay (or never intended to repay in this case)

Novel thought I know.

Lots of Greeks were living the high life due to EU money and now the bill is due.

Anonymous Hollowood June 01, 2015 5:45 AM  

Greeks thieves on left and right bled corrupt authoritarians and their bankster allies for years.

The world only loses if they DO make another deal to kick the can down the road.

Anonymous JohnnyLightwave June 01, 2015 5:46 AM  

There's an old saying:

If you borrow a thousand dollars, the bank owns you.
If you borrow a billion dollars, you own the bank.

Anonymous Gary June 01, 2015 5:51 AM  

For the record, I do hope the Greeks poke the EU in the eyeball.

Nothing better than crooks robbing other crooks.

Anonymous Stilicho June 01, 2015 6:28 AM  

@Markku, yep. Could be talking solely about the disorder flowing from grexit, but it's easy to read a little more into that statement.

Blogger Markku June 01, 2015 6:40 AM  

"Balances" and "West" make it seem patently obvious to me that they are threatening to create an economic alliance with Russia. Otherwise they would have said "stability" or something like that.

Blogger Markku June 01, 2015 6:41 AM  

Quite possibly military too. Military bases and missiles, in exchange for loans.

Blogger Markku June 01, 2015 6:42 AM  

Plus, does it not make a good narrative for Greek Orthodoxy and Russian Orthodoxy to come back together?

Blogger Mr.MantraMan June 01, 2015 6:48 AM  

This theater does seem to be exposing the vampire banksters more than the usual theatrics of state default. Maybe the usual state bankruptcies involved a rolling of debt thru the IMF goons' hands while still leaving the debt serfs chained to the oars, but this one doesn't. Admitting I am not following this all that close, too much hot air, Greek histrionics.

Blogger Mr.MantraMan June 01, 2015 6:51 AM  

Weren't the ancient jews onto something with the Jubilee? The necessity of interest producing credit lending with a mechanism to limit it so it does not become predatory in either direction.

Anonymous allyn71 June 01, 2015 8:14 AM  

How do you say Iceland in Greek?

Blogger Doom June 01, 2015 8:34 AM  

I agree that the Euro was a murderous fraud, I also agree that Greeks were happy with it right up until they weren't. A pox upon all their places of abode. Doesn't matter which way it goes, it's over. And it won't stop there. Still kicking the can, though it looks like this fraud leader realized that while Europe could destroy Greece, Greeks could destroy him. Can't keep up, don't step up. Looks like he dared what he couldn't do. Beautiful.

Blogger dc.sunsets June 01, 2015 8:55 AM  

Hardship may reignite nationalism & battle with Turkey especially given all those gas fields under nearby waters.

Blogger dc.sunsets June 01, 2015 8:56 AM  

Hardship may reignite nationalism & battle with Turkey especially given all those gas fields under nearby waters.

Blogger Random June 01, 2015 8:58 AM  

"Quite possibly military too. Military bases and missiles, in exchange for loans."

And that would be... bad?

We don't want Greece forming relations with countries offering better terms, or respecting Greek self-determination?

Blogger Stilicho #0066 June 01, 2015 9:05 AM  

Plus, does it not make a good narrative for Greek Orthodoxy and Russian Orthodoxy to come back together?
Yep.

Hardship may reignite nationalism & battle with Turkey especially given all those gas fields under nearby waters.

I expect the Russians would be happy to protect Greece from Turkey.

Anonymous Cheddarman, vile faceless minion 0187 June 01, 2015 9:50 AM  

I may be wrong, but I find it hard to believe that Greece would actually leave the Euro.

It looks more to me like the junkie acting up so that his/her enabler will get them another heroin fix.

Anonymous Cheddarman, vile faceless minion 0187 June 01, 2015 9:53 AM  

We should put some bets on Greece actually leaving the Euro this year. Any takers?

This is kind of funny, the junkie now has a bidding war between his would be dealers.

Anonymous BigGaySteve June 01, 2015 10:09 AM  

How about not taking on loans you can never repay

The people that decided to take those loans got paid very well.

For the record, I do hope the Greeks poke the EU in the eyeball.

Their plan was threatening nigapocalypse by letting the illegal aliens out of their borders.

It looks more to me like the junkie acting up so that his/her enabler will get them another heroin fix.

Maybe they will go cold turkey.

Blogger Markku June 01, 2015 10:18 AM  

And that would be... bad?

We don't want Greece forming relations with countries offering better terms, or respecting Greek self-determination?


The defaulting part of the plan is bad. Shifting alliances is morally benign.

Anonymous Quartermaster June 01, 2015 10:22 AM  

"Plus, does it not make a good narrative for Greek Orthodoxy and Russian Orthodoxy to come back together?"

They never separated because they were never together. The Eastern Church was never structured in the manner the Western Church was. There are affinities between majority Orthodox countries, however.

Blogger Jourdan June 01, 2015 10:58 AM  

Vox has argued: 1) that Greece should leave the Euro and re-establish the Drachma as a means to economic recovery; and 2) that this will happen.

I agree with the first and strongly disagree with the second.

It appears to me that the second arises from an over-reliance on economic analysis, when the Euro question is primarily a political one. (Or, if one insists that everything may be analyzed economically, the money-value places on the Euro as an E.U. political device is overwhelming to the point of being the determinative value in an economic analysis).

This concerns me, as this appears obvious to me, while many people whose opinion I highly value, Vox’s among them, have come to an opposite conclusion.

The old Irish saying of “when everyone says your drunk, sit down, you are” seems to me to therefore apply to my own analysis. I’m afraid I’m missing something.

So, a question: At what point can we declare with certainty that one side or the other is/was correct?

Blogger ScuzzaMan June 01, 2015 11:06 AM  

Would not be surprised to see them try. Will be very surprised if they get away with it. There WILL be War.

The hegemony is not about to start letting the vassal states escape. After all, what is the point of having the most powerful military the world has ever seen if you can't use it?

OpenID mattse001 June 01, 2015 11:08 AM  

I'll believe it when I see it. That football has been yanked away a few too many times to trust the imminent Grexit. I do agree that it's the best course for Greece though.

Blogger Stilicho #0066 June 01, 2015 11:12 AM  

It looks more to me like the junkie acting up so that his/her enabler will get them another heroin fix.

It's always worked for them in the past...

OpenID mattse001 June 01, 2015 11:20 AM  

Jourdan: "It appears to me that the second [a Greek exit from the Euro] arises from an over-reliance on economic analysis, when the Euro question is primarily a political one."

The Greeks can wish to remain in the political-EU all they want, but they can't afford it. The political wishes of the Greek elites will not override Greek citizens starving in the streets. Remaining is not an option for another economic reason: the Germans (elite and citizens) refuse to subsidize the Greeks any more. It's economics all the way down.

Blogger Tommy Hass June 01, 2015 11:33 AM  

"Hardship may reignite nationalism & battle with Turkey especially given all those gas fields under nearby waters."

I don't think they will want to tug on (relative) Superman's cape.

Blogger CarpeOro June 01, 2015 12:23 PM  

Iceland =/ Greece

Iceland had a decent, reliable economy and laws that made the creation of a mufti-national bank/debt swap company look workable. Greece had a weak economy and plenty of debt to begin with that they cooked the books to cover over and get into the EU. Iceland refused to cover the default debt of the mulch-national bank. Greece ran up their debt as much as they could when they got access to cheap Euro loans. Iceland was decried far and wide for not assuming debt they didn't create as part of their national debt. Greece, well pretty much anyone crooked enough to loan to them is chasing after them for money (you can't con an honest man). Kudos to Iceland, schadenfreude for Greece.

I have doubts about the Russians getting conned by the Greeks. I'm sure at least one of them has payed attention to the Greek mess from the start and recalls the saying "beware of Greeks bearing gifts". Why take on the hassle and problems when they can sit back and laugh at Europe?

Blogger Jourdan June 01, 2015 4:13 PM  

@mattse001 -

Yes, I've been hearing of the death of the European Union and the failure of the Euro for years and years now. It's always just around the corner. That's the problem, isn't it?

You've made a statement, and a prediction, as has Vox.

At what point does the survival of the status quo trigger an admission that this view is wrong?

Does it really seem unlikely to you that Greece and the banks will come to a "last-minute deal" involving "painful concessions on both sides" that will "allow Greece to continue with the Euro" while miraculously "providing full service on its outstanding debt obligations"? Don't you think you are many, many times more likely to read that in the FT or WSJ than "Greece Dumps Euro, Future of EU in Doubt".

Anonymous RedJack #22 June 01, 2015 4:31 PM  

Russia has a view of being the Third Rome. By bringing Greece closer to her orbit, they can bring further pressure on another long term Russian goal.

Reclaiming Constantinople.

Honestly, if the latter were to come to pass, I would say "Go to it Ivan!".

Blogger Jourdan June 01, 2015 4:40 PM  

I would conquer it myself just to hand it to them. I swear, next to kicking out all Mexicans and annexing Baja and Sonora as compensation for their illegal settlement here, re-establishing Constantinople would make me incandescently happy.

Anonymous A. Nonymous June 01, 2015 8:12 PM  

Markku:

Quite possibly military too. Military bases and missiles, in exchange for loans.

The reference to For Whom the Bell Tolls might be pertinent to that interpretation, given that the Spanish Civil War was fought between largely German-aligned forces on one side, and Russian-aligned on the other (as well as seeing the participation of large numbers of Russian military personnel).

Jourdan:

I would conquer it myself just to hand it to them. I swear, next to kicking out all Mexicans and annexing Baja and Sonora as compensation for their illegal settlement here, re-establishing Constantinople would make me incandescently happy.

Indeed. TMBG can take their song and shove it...

Blogger James Dixon June 01, 2015 9:25 PM  

> At what point does the survival of the status quo trigger an admission that this view is wrong?

I'd say at the most, 15 years or so. Within the lifespan of most people here.
They key thing to remember is that political processes move very slowly until a critical mass is reached. Then things change very quickly.

Blogger Robert What? June 01, 2015 9:41 PM  

In terms of Greece defaulting, I'll believe it when I see it. I predict we'll be having this exact same discussion five years from now.

Anonymous Steve Brown June 01, 2015 10:02 PM  

@Robert What ?
That sounds about right, but I have to remember that this world is upside-down. So, I have no idea. Nothing makes any sense anymore.

Anonymous The Kulak June 02, 2015 1:56 AM  

Team NSA and NATO trolls just ain't ready for Russian Black Sea Fleet and Chinese warships to regularly lease the Piraeus and Cyprus, are they? Soon the Brits who've been on Cyprus forever are gonna be waving to the SVR/Russian NSA equivalent guys at the cafes. How very embarrassing, for the Empire that though it had the Greeks by the short hairs and they had no options (Greece like Serbia is one of the few countries in the world where Russia and China have higher approval ratings than the U.S.)

But hey, for want of a few printed EU bucks and Barry O losing his nerve when the Russians and Chinese said nyet to bombing Assad directly, Greece and Turkey were lost to NATO...the only thing that's keeping Ankara in the club is all that sweet, sweet vertically integrated smack flying on C-130s into Incirlik from Bagram. Or as the more devout AKP types call it, profitable chemical jihad into the veins of the Trainspotting infidels...

Anonymous The Kulak June 02, 2015 1:59 AM  

RedJack #22:

Somebody else watched their Elder Paisos prophecies video:

https://www.youtube.com/watch?v=rP4ts8cmNNg

A Mt. Athos saint particularly revered by Greek military men.

Free Constantinople!

The Greeks even have their own 'Twelver' legend about how the last Byzantine Emperor died in battle or was taken up to heaven by the angels and will reappear before Jesus returns to a Greek reclaimed Constantinople:

https://www.youtube.com/watch?v=rP4ts8cmNNg

We're not saying any of Elder Paisos visions WILL happen. We're just letting ya'll know in case the NWO goes crazy after its defeat in Ukraine and decides a full Ottoman Turkey backing Greatar militant Albania is what they need to fight Serbs, FYROM and Greeks to the last...Albanian.

Anonymous Banjo June 02, 2015 5:06 PM  

@A. Nonymous

Now, now... that's nobody's business but the Turks...

Anonymous A. Nonymous June 02, 2015 10:47 PM  

Now, now... that's nobody's business but the Turks...

Like Hell it is.

Post a Comment

Rules of the blog
Please do not comment as "Anonymous". Comments by "Anonymous" will be spammed.

<< Home

Newer Posts Older Posts