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Tuesday, July 07, 2015

The EU doubles down

It's not a huge surprise. They have never had any respect for democracy anyhow:
The European Central Bank has tightened liquidity conditions for the Greek banking system following the landslide victory for the Leftist government in Sunday’s referendum.

The central bank continued its freeze on emergency liquidity assistance (ELA) after Germany issued a humiliating ultimatum to Greece, warning that the country would be cast adrift and left to go bankrupt unless it agreed to much deeper concessions than anything offered so far.

Sigmar Gabriel, the German vice-chancellor, said the landslide rejection of EU austerity demands in the Greek referendum changed nothing, demanding that the Left-wing Syriza government must accept further belt-tightening without any prospect of debt relief if it wishes to remain in the eurozone.

“The final bankruptcy now appears imminent,” he said. The Greek leaders have been told that they have a deadline of Tuesday afternoon to come up with far-reaching proposals.
And before any morons pop up and start blathering about "those lazy Greeks should pay their debts", understand that it is mathematically impossible for them to do so. Not difficult, not hard, impossible. It is never going to happen. And note that the IMF, which has been continuing to loan them money, has known this since 2011.

Keep in mind that the USA was actually more indebted than Greece until just a few years ago. The difference is that the USA can always print more credit dollars. The Greeks cannot, not until they get rid of the Euro and go back to the drachma. The core problem is not that the Greeks were profligate, although they were, but that they chose to join the EU and the Euro.

Don't forget that wherever there are large sums of money involved, there is always quite a bit going on behind the scenes:
"the European Central Bank said it can’t release files showing how Greece may have used derivatives to hide its borrowings because disclosure could still inflame the crisis threatening the future of the single currency."

Considering the crisis of the (not so) single currency is very much "inflamed" right now as it is about to be proven it was never "irreversible", perhaps it is time for at least one aspiring, true journalist, unafraid of disturbing the status quo of wealthy oligarchs and central planners, to at least bring some closure to the Greek people as they are swept out of the Eurozone which has so greatly benefited the very same Goldman Sachs whose former lackey is currently deciding the immediate fate of over €100 billion in Greek savings.

Because something tells us the reason why Mario Draghi personally blocked Bloomberg's FOIA into the circumstances surrounding Goldman's structuring, and hiding, of Greek debt that allowed not only Goldman to receive a substantial fee on the transaction, but permitted Greece to enter the Eurozone when it should never have been allowed there in the first place, is that the person who oversaw and personally endorsed the perpetuation of the Greek lie is none other than Goldman's Vice Chairman and Managing Director at Goldman Sachs International from 2002 to 2005. The man who is also now in charge of the ECB.

Mario Draghi.

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108 Comments:

Blogger Salt July 07, 2015 8:49 AM  

This is all quite interesting. It's going to happen. Nothing can stop it, and we all get to watch it happen, in real time, and in living color. It's not just Greece either. Coming to a neighborhood near you, and sooner than you think.

Blogger Rantor July 07, 2015 8:50 AM  

and the Eurozone accepted Greek membership despite the fact that they did not economically qualify for membership... Sure Goldman hid their debt, but any banker involved with the deal knew the debt had been hidden

Anonymous Thales July 07, 2015 8:51 AM  

Soon they'll have nothing to trade but IOU's: de facto drachmas.

Blogger Guitar Man July 07, 2015 8:53 AM  

I guess I don't understand the appeal of joining the EU. Is the largest benefit that you can cross borders without passports?

Blogger Tommy Hass July 07, 2015 8:58 AM  

That's not a lack of respect for democracy that's freedom of association, or, do they HAVE to keep them in the eurozone?

Anonymous NateM July 07, 2015 8:59 AM  

So basically the German bankers got one finger, now they're going for the other?

Anonymous John Regan July 07, 2015 9:04 AM  

Well, one solution to this for Greece - and everyone else, eventually - is maddeningly simple, not that anyone will go down the road of 100% jubilee coupled with restoration of sound money.

No less an authority than Murray Rothbard called it many years ago: the drachma, or the dollar for that matter, can be set at any value of gold or silver that makes sense.

But it has to be done by law. Maybe even constitutional amendment. I just don't think we're up to it anymore.

Anonymous Stephen J. July 07, 2015 9:08 AM  

The pusher and the addict both have an interest in maintaining their relationship while simultaneously convincing the other that they don't.

Anonymous JI July 07, 2015 9:12 AM  

Why did the Greeks decide to join the Euro? This outcome had been predicted since before they joined and seemed obvious to me. The next question about which I wonder is - will the Greeks hold accountable the people (i.e., elite Greeks) who put them into this situation?

Anonymous ZhukovG July 07, 2015 9:13 AM  

So, Barad-dur on the Potomac is probably cooking up a military coup. I wonder what PM Tsipras' life insurance premiums look like.

Blogger Aquila Aquilonis Fulminata July 07, 2015 9:25 AM  

And we thought the Russian Oligarchs were corrupt ...

Anonymous Fred July 07, 2015 9:26 AM  

Why do you say they cant go back to the drachma? They could, they could wipe the Euro debt, and produce their own stuff. Years of hard work and sacrifice. Their biggest challenge would be to buy oil/fuel but they could nationalize the Greek fleet, the largest in the world, and exchange hauling services for oil and necessities until they can produce their own. The banks they could open tomorrow by breaking in and executing the EU bankers, and populate accounts with drachmas instead of Euros.
There are options to break free from slavery but work is required-will they do it or choose to remain slaves?

Anonymous Phero July 07, 2015 9:27 AM  

To me it seems like just another step in the leftist's welfare entitlement attitude.
As usual whatever happens someone else should be paying the bill.
I the EU had ball they'd just shut them out.

Blogger David-093 July 07, 2015 9:32 AM  

It's almost time for the Lamppost Option.

Blogger Student in Blue July 07, 2015 9:35 AM  

@Phero
To me it seems like just another step in the leftist's welfare entitlement attitude.
As usual whatever happens someone else should be paying the bill.


If it was *just* that, there wouldn't be that big of a problem. It's still a problem, but that's not all there is to the story.

The bright guys who decided to lend Greece loads and loads and loads of money have some responsibility too, you know.

Anonymous Mike M. (minion #315) July 07, 2015 9:36 AM  

It would be very interesting to take a close look at the personal finances of the senior bank officials involved. I'd bet long odds they stand to make massive profits.

Remember, for the Truly Rich, ALL economic activity provides opportunities to make more money. Hard times as well as good. As Baron Rothschild once said, "Buy when there's blood in the streets".

Blogger W.LindsayWheeler July 07, 2015 9:36 AM  

As one of the blathering idiots. I agree totally that the Greeks can NOT pay back what they borrowed. I also totally agree that the Greeks need to leave the Euro and return to the drachma. Vox is totally right that America was facing the same crisis but is forstalling the aforesaid crisis by printing money out-the-wahzoo.

But....The Greeks are still fools and stupid!

As was reported by Rush quoting a Greek journalist, on one island of Greece, some 800 people have claimed to be blind so they can collect Eurozone social security benefits. Rich Greeks have bought large camoflauge tents to hide their swimming pools from taxation.

Face it, Greece has no natural resources but tourism. They are naturally poor and have always been so. This poverty has led many Greeks to adopt and propagate socialism and communism. I lived in Greece for a year. I watched the communist parades and listened to harangues from their communist party loud speakers. Look at George Stephanapoulos---commie socialist pig. Most Greeks are liberals, i.e. socialists. Poverty has made them that way.

Against "democracy"? Democracy means socialism and communism! Democracy is the vehicle for socialism and communism!

Face it, the people are stupid. that is why God created herds and a sheparding class called bishops and kings to guide the stupid people. Communism and socialism thru democracy let the idiots run the insane asylum. Democracy is the worst form of government because it is an idiocracy!

The Greeks deserve everything they get. They lived beyond their means. They have been snookered. They believed in lies and participated in lies. People who do so, Nature kills off.

The European Union is a Masonic plan. Look at the symbols of their flag---stars---just like the Soviet Union flag and the American flag--stars---The Masonic symbol. It is all Judeo-Masonic-Bolshevism. And all who participate in it will soon deteriorate. It is all going to hell. America is a masonic country. The European Union was modeled, inspired by the American experience. It is the Novus Ordo. Look, it is all about "Union". Unity is the catchword of Judeo-Masonic-Bolshevism.

Anyway, Let the Greeks perish. They bought into a lie, Let them die by the lie.

Blogger Nate July 07, 2015 9:38 AM  

Goldman Sachs... The First Bank of Evil

Blogger Ron Winkleheimer July 07, 2015 9:49 AM  

Why did the Greeks decide to join the Euro?

Cause they wanted in on the money spigot, which would never be shut off.

Now that it has they are doing what anyone else in there position would do, screw the idiots that were dumb enough to loan them money.

Anonymous RedJack #22 July 07, 2015 9:55 AM  

Ah Wheeler.

You do know that many in the old Lutheran synods view the EU as a plot by the Vatican? The circle of Stars is supposed to be the crown of Mary.

At least you didn't say it was reptids.

Anonymous Trimegistus July 07, 2015 9:58 AM  

Oh, goody: the solution to Greece's bloated government and nonexistent economy is to . . . nationalize the shipping industry! Because sailors love to work for nothing but patriotic good feeling and worthless government scrip which can only be exchanged at the empty shelves of the nationalized supermarkets.

What Greece needs is to fire every single government employee and then start from scratch. What services are absolutely necessary, and can be paid for? Everything else, forget.

No regulation. If you want to start a business, go ahead and start doing stuff. Regulation and government "management" and "public-private partnerships" and all the rest of the Marxist stalking horse bullshit have been tried, and tried, and tried, and tried, and tried, and tried, and tried some more, and they always fail. Go back to an unregulated market. The law can enforce contracts and punish felons.

Blogger Mr.MantraMan July 07, 2015 9:59 AM  

Preppers pay attention

Anonymous Steve July 07, 2015 10:01 AM  

RedJack - I preferred the original EU flag, with a picture of a shape-shifting alien reptile shafting planet Earth with its giant, scaly dinosaur cock, while the Pope, the Queen, and the Jews give a big thumbs up.

Anonymous Porky July 07, 2015 10:05 AM  

The European Union is a Masonic plan.

I dunno. Pope Frisco seems to like it.

Blogger VD July 07, 2015 10:05 AM  

To me it seems like just another step in the leftist's welfare entitlement attitude.
As usual whatever happens someone else should be paying the bill.
I the EU had ball they'd just shut them out.


You have almost completely failed to understand the situation. The EU is DESPERATE to keep them in. If Greece goes, the EU will eventually fail.

In 2007, Greece had less debt/GDP than the USA does now. Whatever they deserve, you deserve too.

Anonymous Porky July 07, 2015 10:06 AM  

Wait...you don't suppose...

Anonymous RedJack #22 July 07, 2015 10:10 AM  

Vox,
That is the big issue.

That and my parent company is based in the EU. If it starts to go wobbly, I am not sure what will happen. If Germany decides to defend the United Europe again, I am not sure if we would end up on top this time.

Best case is it all ends with a whimper, and the Greeks go their merry way. Worst case we end up with a bunch of jackboots marching to conquer France again.

Blogger W.LindsayWheeler July 07, 2015 10:12 AM  

Interesting factoid, the communist revolutionaries in Russia, when they took over the city of Kharkov, carved stars on the foreheads of their victims.

If you notice the Chinese and Vietnamese communist symbols on their military hats and medals are stars.

If you want to know history and understand history, one has to follow the symbology. Stars is the symbol of Judeo-Masonic-Bolshevism. If you look at the old flags of Christendom, they all have crosses. The cross is the symbol for Christianity. George Washington and all his generals under him were Masons. Washington was a deist in the Masonic sense.

We say "The American Union". It was the "United Soviet Socialist Republics", i.e. "USSR". Unity is the catchword of Masonry.

It is interesting that a commentator here signs himself in as "Trimegistus". Ohh, the Hermetica! Basis of Freemasonry and the revolution of the West.

As Aristotle noted, Democracy is the rule of the Poor. That is why Marx wanted the Proletariat to rule, that is why he wanted democracy. Democracy is the rule of the Vulgar and the Poor. The Poor have no wisdom but they do covet. Democracy ensconces utopian visions that satisfy the covetousness of the lower classes. Greece, like Catholic Spain are beholden to this socialist program. In Catholic Spain, it was Proudhon's leftist anarchism that led to the Spanish Civil War. Huge swaths of Spain were leftist/anarchists. It is like that throughout southern Europe. Only in Italy, did the leftists become nationalists and hence created fascism in Italy. Poverty is quite the motivator for socialism. Poverty is the breeding ground for socialism.

Anonymous starr July 07, 2015 10:13 AM  

The bright guys who decided to lend Greece loads and loads and loads of money have some responsibility too, you know.

They most certainly do, because they made truckloads of money for themselves from commissions and bonuses for making targets by loaning money to people who couldn't pay it back. And now they are trying their hardest to make sure that they get to keep every penny while everyone else is left to hold the bag.

Yes the Greeks were stupid, and they are going to pay for that for some time to come, default or not, but they are not the only ones who should be held accountable

Anonymous Peter Garstig July 07, 2015 10:15 AM  

maybe this time, the bail-ins will open some eyes.

Anonymous Jourdan July 07, 2015 10:16 AM  

The politics of this have a lot to do, as usual, with where people are situated and the issues that impact their lives.

For me at a distance, it's about stopping the Banksters, and having the Greek Govt. pay for its irresponsibility is a very distant second.

For Markku, a Finn, it's the reverse.

Now, to be honest, if one took this same exact situation and substituted "Mexico" instead of Greece, I'd be even more adamant than Markku that the Mexicans suffer as much as possible, because they are my people's enemy. I can always have the banks shot later....

Blogger luagha July 07, 2015 10:18 AM  

Was just reading an article whose statement is this:

Greece's failure and departure can be papered over and covered.

Spain and Italy's cannot. Because they are larger economies, they have a substantially larger amount of outstanding bonds. Between them, one to two trillion dollars or so.

But it's not the bonds themselves that are the problem. Those bonds have derivatives that are built on them, and if Spain and Italy's bonds fail, the derivatives fail too. Tens to hundreds of trillions of dollars disappear from the economy and everyone holding them goes bust. That can't be papered over or covered.

Blogger pyrrhus July 07, 2015 10:20 AM  

The Greek "bailout" in 2010 went to the ECB,IMF and european banks, whose bonds and loans were paid 100%, leaving other creditors at great risk....The EU bureaucrats and their political lackeys are nothing but thuggish scum.

Blogger Shimshon July 07, 2015 10:22 AM  

"The EU is DESPERATE to keep them in."

It must be that, plus they literally cannot afford to give on any haircut at all. That explains the serious hardball they're playing. They hope that Greece, if it refuses to cave completely, fails totally, as a stern warning to Spain/Italy/etc.

It's astonishing how the fate of Iceland doesn't enter into the Greek calculation at all. They're not just interested in staying in the euro, they're interested in continuing to get the freebies being in the euro has brought them. They really must believe they'll get it if they hold out long enough. Otherwise, they would've pulled an Iceland and defaulted long ago.

Blogger Markku July 07, 2015 10:31 AM  

They will suffer, and I will laugh. But I'm not asking for the sympathy of any'yall, I'm just saying I will take deep pleasure at their pain.

Anonymous The Lamb July 07, 2015 10:35 AM  

>>It's not a huge surprise. They have never had any respect for democracy anyhow

Oh please, what silly rhetoric. Why no earth should the EU be beholden to the Greek electorate as opposed to the EU electorate? The other countries have their own constituencies, and there is no reason why a Slovakian or Latvian pensioner should have to subsidize a Greek pensioner's higher benefits just because Greece isn't willing to bite the bullet and make the necessary entitlement cuts.

Anonymous Jack Amok July 07, 2015 10:36 AM  

That and my parent company is based in the EU. If it starts to go wobbly, I am not sure what will happen.

Ha, you think you got it bad, I'm currently being paid out of Cyprus. But maybe they've already had their haircuts, we'll see.

Nationalize the merchant fleet? What makes you think the owners would go along? Greece will have enough nations mad at them they owners could probably stiff them.

Anonymous The other robot July 07, 2015 10:40 AM  

Meanwhile, dissent in the CDC about the light bringer.

Blogger luagha July 07, 2015 10:51 AM  

(If you really want to have fun, Wheeler, trace the connection from Israel Regardie's Hermetic Order of the Golden Dawn to Greece's updated version.)

Anonymous Porky July 07, 2015 10:58 AM  

They will suffer, and I will laugh.

There will be plenty of suffering to go around. Even the Finns have nearly doubled their debt to GDP in the last 7 years.


Blogger Mr.MantraMan July 07, 2015 10:59 AM  

Is it too early to say that the Obama Bubble has been pricked?

Anonymous Shutup, Tad July 07, 2015 11:00 AM  

Oh please, what silly rhetoric. Why no earth should the EU be beholden to the Greek electorate as opposed to the EU electorate?

Um, the Greek electorate IS part of the EU electorate, imbecile.

Shutup, Tad

Anonymous A Visitor July 07, 2015 11:07 AM  

Guitar man the Schegen Treary is what allows crossing of borders sans passport. I figured I'd friendly clarify that for ya. If you're a country like Romania, you aren't a signatory but like the Mexicans illegally move throughout western Europe

Anonymous zen0 July 07, 2015 11:07 AM  

I have read that by the time 4 years has passed, there will be half as many countries in the EU as there are today.

That would be interesting.

Blogger Markku July 07, 2015 11:10 AM  

Or maybe....

...maybe ten?

Nudge nudge. Wink wink. Say no more.

Anonymous 11B July 07, 2015 11:15 AM  

And before any morons pop up and start blathering about "those lazy Greeks should pay their debts",

One thing that does bother me is how so many people, especially conservatives, are jumping on the Greeks with the name calling about being lazy, worthless bums. You will note that these same people for the most part have not done the same to Argentina which has had multiple defaults. They are not doing the same to Puerto Rico which has no chance at all now of paying its debts. And they didn't do the same to the folks who walked away from their mortgages in 2007-8, especially the diverse minority folks, who helped caused the crash of 2008.

But with the Greeks they pull no punches. Now I am no big defender of Greece. I tend to favor the Northern Euros myself. But I don't like to see people who are afraid to criticize nonwhites in public jumping all over the Greeks as if they are getting out years of frustration over not being able to call a spade a spade.

Blogger W.LindsayWheeler July 07, 2015 11:22 AM  

As the chant went up in the 80s? or 90's.

"We don't give a damn,
"Let the motherf**ker burn,
"Burn baby burn.

People chanted that in their secular masses (concerts). God answers prayers. Let it all burn baby. Burn the motherf**ker down. Sooner or later, its all coming down. Ride the crashing tsunami of depression and civil unrest.

Burn baby burn. They wanted it, they got it.

Anonymous BGS July 07, 2015 11:23 AM  

Why did the Greeks decide to join the Euro? This outcome had been predicted since before they joined and seemed obvious to me.

Politicians took bribes to enslave the Greek people to debt. They have a really noxious black woman pol that I have no idea how she got elected in Greece, unless illegals can vote.

ALL economic activity provides opportunities to make more money. Hard times as well as good

Bad times are far more profitable than good especially if you are the one that put the knife in a countries back. Soros made $9billion in 4 hours when the US credit rating dropped for the first time in history, if it didn't he would have lost $1billion in 4 hours. There are financial instruments that are the equivalent of taking out a life insurance policy on your neighbors kids for a single week.

Greece's failure and departure can be papered over and covered. Spain and Italy's cannot

That's why I was hoping for Catalonia's succession as they where the most productive with the least 3rd world invasion.

Why no earth should the EU be beholden to the Greek electorate as opposed to the EU electorate?

The EU answers to no electorate. Its unelected bureaucrats that have all the power in the EU, guess which tribe is over represented.

Anonymous BGS July 07, 2015 11:27 AM  

Argentina which has had multiple defaults. They are not doing the same to Puerto Rico which has no chance at all now of paying its debts

The main business in PR is being disabled. They get social security disability for not being able to speak English in fact 84% cant speak English. http://www.washingtonpost.com/blogs/federal-eye/wp/2015/04/10/puerto-ricans-who-cant-speak-english-qualify-as-disabled-for-social-security/ But then again a low enough IQ does count as being disabled.

Blogger rcocean July 07, 2015 11:30 AM  

The response in the comments section to the Greece EU problem has been lame. Instead of viewing it as Nationalism vs. Internationalism or Banksters vs. the Public, some of the commentators see the conflict as the Ant vs. Grasshopper. How childish. Of course, if you like the Banksters that's the only you can play it. The only other card is "The sky will fall" - But its absurd to see Government loans and currency matters treated as some simple fable of lazy fred borrowing money from hard working sam. But then maybe Americuns don't know enough about the situation to comment intelligently.

Blogger rcocean July 07, 2015 11:32 AM  

OT: I believe Jeb Bush and Lindseed Graham Cracker are pushing to Puerto Rico statehood. Utterly stupid and hurtful to the average American - but then the average American wants Jeb Bush.

Anonymous 11B July 07, 2015 11:36 AM  

But its absurd to see Government loans and currency matters treated as some simple fable of lazy fred borrowing money from hard working sam. But then maybe Americuns don't know enough about the situation to comment intelligently.

Because many in the US like Limbaugh and the GOP are trying to use Greece as an example about why the US should not increase the social safety net. To them Greece is proof positive that we should not have passed Obamacare.

Blogger Nate July 07, 2015 11:42 AM  

Oh My God...

I just realized John C Wright is a communist mason!

One. Bright. STAR. to guide them

how could I have missed it?

Blogger David-093 July 07, 2015 11:47 AM  

@ Nate:

Oh My God...

"I just realized John C Wright is a communist mason!

One. Bright. STAR. to guide them

how could I have missed it?"


It's deeper than that. STAR. Star....of David? The symbol of Israel.

He's part of the Jew-controlled Illuminati as well.

....


WAKE UP SHEEPLE!

Blogger David-093 July 07, 2015 11:50 AM  

"but then the average American wants Jeb Bush."

The average American doesn't know yet who he wants, but they do know they like a lot of what Trump is saying. He's setting the terms for the race, even if the other big names don't realize it yet (Cruz does, which is why he's supporting Trump). So it'll come down to the economy and immigration, both of which resonate with Americans.

Jeb! is totally out of touch with the average American. but not the average Mexican.

Blogger Rabbi B July 07, 2015 11:53 AM  

"He's part of the Jew-controlled Illuminati as well."

And a Catholic philo-Semite to boot. Truth is indeed stranger than fiction.

Anonymous Porky July 07, 2015 11:59 AM  

Is it too early to say that the Obama Bubble has been pricked?

Wait until interest rates rise...

Blogger Nate July 07, 2015 12:01 PM  

"And a Catholic philo-Semite to boot. Truth is indeed stranger than fiction."

no doubt the diabolical jews and catholics will be conspiring with the dastardly masons to build... giant free childrens hospitals. or something equally as evil

Blogger Pseudotsuga July 07, 2015 12:04 PM  

I always believed, when I first heard about the Euro and the "Unification" of Europe, that it wasn't going to do any good except make some wealthy people wealthier.

Anonymous DUD July 07, 2015 12:05 PM  

That's only because they want to eat the babies.

Anonymous Porky July 07, 2015 12:07 PM  

They also use babies as fuel.

Anonymous RedJack #22 July 07, 2015 12:07 PM  

So we are now at Catholic/Jewish/Masons controlling the world?

Just trying to keep my score card straight. Are they also Reptids?

Blogger Nate July 07, 2015 12:09 PM  

"that it wasn't going to do any good except make some wealthy people wealthier."

that's all it was designed to do in the first place.

Blogger Rabbi B July 07, 2015 12:17 PM  

" . . . no doubt the diabolical jews and catholics will be conspiring with the dastardly masons to build"

It just makes good sense. We spent a considerable amount of time in Egypt, the birthplace of freemasonry.

Anonymous clk July 07, 2015 12:19 PM  

"Hence we will not say that Greeks fight like heroes, but we will say that heroes fight like Greeks"

Blogger Ron Winkleheimer July 07, 2015 12:20 PM  

"RedJack - I preferred the original EU flag, with a picture of a shape-shifting alien reptile shafting planet Earth with its giant, scaly dinosaur cock, while the Pope, the Queen, and the Jews give a big thumbs up."

I would pay good money for that flag. It sounds awesome.

Blogger David-093 July 07, 2015 12:21 PM  

"And a Catholic philo-Semite to boot. Truth is indeed stranger than fiction."

It's the perfect cover.

"Just trying to keep my score card straight. Are they also Reptids? "

It's the Catholics, Jews, elites, socialists, Muslims, women, homos, and minorities against the remaining two percent of the population that's holding everyone ba--oh my God...I just realized...Jews aren't The Jews...straight white american men are The Jews...

This changes everything.

Blogger David-093 July 07, 2015 12:22 PM  

""Hence we will not say that Greeks fight like heroes, but we will say that heroes fight like Greeks""

A small nation struggling for independence against an oppressive empire...where have I heard that before?

Blogger njartist July 07, 2015 12:26 PM  

@39. luagha July 07, 2015 10:51 AM

This is for the Southrons: Freemasonry's Golden Circle

Golden Dawn AKA Golden Circle

Blogger YIH July 07, 2015 12:27 PM  

Rantor:
and the Eurozone accepted Greek membership despite the fact that they did not economically qualify for membership...
The Olympics sure didn't help matters Though it quite likely 'sealed the deal' (Greece/Euro) it cost plenty - all of it borrowed.
Did building all those white elephants help Greece in any way?
Just like any major sports construction project, it wasn't about paying for itself.
At least the new Vikings stadium will have a major tenant for it's lifespan and plenty of other use when not hosting NFL games.

Blogger David-093 July 07, 2015 12:29 PM  

@njartist

"Golden Dawn AKA Golden Circle"

Golden Dawn...Golden Circle....

Jews like gold...

...


WAKE U--ah you know the rest

Blogger Titus Quinctius Cincinnatus July 07, 2015 12:33 PM  

Isn't it rather immoral to "loan" money to people you *know* won't be able to pay it back, just so you can bring them into servitude as a result?

Anonymous RedJack #22 July 07, 2015 12:36 PM  

So it is now a Catholic, Mason, Jewish, Confederate ruling elite?

Blogger David-093 July 07, 2015 12:41 PM  

"Isn't it rather immoral to "loan" money to people you *know* won't be able to pay it back, just so you can bring them into servitude as a result?"

Not according to the Bible. The Lord commanded the Israelites to loan to people, even if they asked on the eve of the Jubilee. It is an infinitely greater catastrophe to cause the enslavement of the population to debt than for the creditor to lose money on a bad deal.

Blogger Rabbi B July 07, 2015 12:48 PM  

"Isn't it rather immoral to "loan" money to people you *know* won't be able to pay it back, just so you can bring them into servitude as a result?"

Is it more immoral to take a loan you *know* you will not be able to pay back?

Blogger David-093 July 07, 2015 12:51 PM  

"Is it more immoral to take a loan you *know* you will not be able to pay back? "

Is it more moral to demand more immoral behavior from Mormons for more morally unmoored mornings?

Blogger YIH July 07, 2015 12:59 PM  

Guitar Man:
I guess I don't understand the appeal of joining the EU. Is the largest benefit that you can cross borders without passports?
That, and the single currency as a practical matter does have it's appeal. Picture as many as 50 different currencies in the American Empire.
But that's also the Euro's Achilles heel as well, the US had a 150~ year head start on becoming economically, linguistically and politically unified. Something that isn't possible with ''One piece at a time'' Euro approach.
[Click the link, it appears Cash actually had a Cadillac built as described in the song]

Anonymous Porky July 07, 2015 12:59 PM  

"We shall unleash the Nihilists and the Atheists and we shall provoke a formidable social cataclysm which, in all its horror will show clearly to the nations the effect of absolute atheism, the origin of savagery and of the most bloody turmoil. Then everywhere, the citizens, forced to defend themselves against the world minority of revolutionaries, will exterminate those destroyers of civilization, and the multitude, disillusioned with Christianity, whose deistic spirits will form direction and leadership, anxious for an ideal, but without knowledge where to render its adoration, will receive the pure light through the universal manifestation of the pure doctrine of Lucifer, brought finally out into public view, a manifestation which will result from a general reactionary movement which will follow the destruction of Christianity and atheism, both conquered and exterminated at the same time."

-Albert Pike

Anonymous LES July 07, 2015 1:06 PM  

Deuteronomy 23:20

20 To a foreigner you may charge interest, but to your brother you shall not charge interest, that the LORD your God may bless you in all to which you set your hand in the land which you are entering to possess.

Deuteronomy 15:6

6 For the LORD your God will bless you just as He promised you; you shall lend to many nations, but you shall not borrow; you shall reign over many nations, but they shall not reign over you.

Proverbs 22:7

7 The rich rules over the poor,
And the borrower is servant to the lender.

Anonymous Bz July 07, 2015 1:08 PM  

At a guess, while Dragi was the agent, nobody in Brussels minded one whit that Greece got to join by whatever means. Quite the opposite. The Euro is simply a grand example of bureaucratic hubris, now followed by nemesis.

Anonymous BGS July 07, 2015 1:08 PM  

"Isn't it rather immoral to "loan" money to people you *know* won't be able to pay it back, just so you can bring them into servitude as a result?"

The immoral part is to take bribes to loan money to people you know wont be able to pay it back. Enslave them with debt then take all their hard assets. Destroy the economy then sweep up the hard assets for pennies on the dollar, like Hairy Reid's land deals to relatives.

Blogger David-093 July 07, 2015 1:18 PM  

I stand corrected: it's every seven years that the Israelites were supposed to cancel all debts, not just every 50.

Deuteronomy 15: 1-3

"At the end of every seven years you shall grant a release. And this is the manner of the release: every creditor shall release what he has lent to his neighbor. He shall not exact it of his neighbor, his brother, because the LORD’s release has been proclaimed. Of a foreigner you may exact it, but whatever of yours is with your brother your hand shall release."

The Jubilee was even bigger (Leviticus 25): all mortgaged lands were to be released and given back to the original owner, all slavers were to be freed, and all debts cleared. Every seven years was the minor debt-forgiveness, to prevent too much debt from being accrued, while the Jubilee was meant to be broader and cover more of the economy.

If we had debt-forgiveness every seven years, we'd be in much better shape. But the banksters would never go for that. Alas, come the Revolution...

Blogger Cail Corishev July 07, 2015 1:21 PM  

One thing that does bother me is how so many people, especially conservatives, are jumping on the Greeks with the name calling about being lazy, worthless bums.

It reminds me of the way so many middle- and upper-class Americans will whip out the "lazy Americans don't want to work" canard as soon as immigration comes up. It's not that they've studied the issue and come to that conclusion; that's simply the emotional reaction they enjoy having and sharing. And the problem isn't even that it's untrue -- certainly many Americans have become lazy as work has been punished and non-work incentivized -- but that it's beside the point. What's important is what made such laziness possible and encouraged it.

Blogger Joshua Sinistar July 07, 2015 1:23 PM  

Let me simplify this for all you armchair capitalists and libertarian pot heads so you won't go Rothbard-Rothchild welfare workfare hey squirrel and see the forest and the trees. This is the Beginning of the End. The EU, like NAFTA and the IMF were the cradle of The New World Order that Bush Senior was babbling about after he bombed Saddam Hussein the first time after he tricked him into invading Kuwait by having his shill whore tell Saddam in code that the USA didn't mind if he annexed Kuwait's oil fields. This nascent New World Order was "prophesied" on the Federal Reserve Notes you all carry in your wallets. Novus Ordo Seclorum under the All Seeing Eye of Horus on the Pyramid Scheme known as Central Banking.
The EU and NAFTA or the North American Union were supposed to seamlessly get together to form "The New World Order"tm or the Protocols of the Learned Elders of Zion if you prefer. But like all the Grand Schemes of Mice and Men OK mostly mice here, it crashed and burned on the altar of "diversity" or Racism, inc. otherwise known as Anti-White Hatred and White Genocide.
Its all over but the shooting now. The Euro is as worthless as the US Dollar or the British Pound or the French Franc or the Greek Drachma. Its just an IOU backed with nothing. All the Gold was stolen in the 1920s. Adolf Hitler told you, but you didn't listen. Its all fake. Fiat Currency is not money or has it ever been money. Its an IOU that's supposed to be backed by tons of Gold, but the usual suspects already stole it. Fort Knox is empty. It always has been empty.

Blogger W.LindsayWheeler July 07, 2015 1:24 PM  

Hitler said, "The Western democracy of today is the forerunner of Marxism which without it would not be thinkable.

Blogger David-093 July 07, 2015 1:27 PM  

"It reminds me of the way so many middle- and upper-class Americans will whip out the "lazy Americans don't want to work" canard as soon as immigration comes up."

Pretty much. In my experiences its mostly upper-middle class Americans of a certain age-group (hint hint) that love to remind Americans of other age-groups that they're lazy and ungrateful for not wanting to work a McJob for slave wages. In fairness though to the rest of them, Americans have never said we should default on the national debt, so they're not being unfair to the Greeks when they say they should pay it off. Where the problem is is in thinking that both debts can be paid off, when they simply can't be. And that's a fact that most Americans are ignorant of.

Anonymous Anonymous July 07, 2015 1:30 PM  

Just as Margaret Thatcher, the Iron Lady and British Prime minister during the Reagan years, and whom I once had the honor of meeting, PREDICTED: The Euro CANNOT succeed without a POLITICAL UNION too. Unless member countries have all their fiscal policies and social spending synchronized, the thrifty countries like Germany will be sucked dry by the moocher countries like Greece. For the same reason, the United States CANNOT have the welfare state its Government-Media Complex desires without border control, because waves of freeloading immigrants WILL overload the system. Failure is PREDESTINED.

Anonymous John Regan July 07, 2015 1:45 PM  

The plot thickens, from the Brit tabloid The Guardian:

"Tsipras, meanwhile, moved to insure himself against purported eurozone plots to topple him and force regime change by engineering a national consensus of the country’s five mainstream parties behind his negotiating strategy, focused on securing debt relief. Tsipras also sacrificed his controversial finance minister Yanis Varoufakis, in what was seen as a conciliatory signal towards Greece’s creditors."

Blogger Corvinus July 07, 2015 2:40 PM  

@Porky

The complete quote about WW3:

"The Third World War must be fomented by taking advantage of the differences caused by the "agentur" of the "Illuminati" between the political Zionists and the leaders of Islamic World. The war must be conducted in such a way that Islam (the Moslem Arabic World) and political Zionism (the State of Israel) mutually destroy each other. Meanwhile the other nations, once more divided on this issue will be constrained to fight to the point of complete physical, moral, spiritual and economical exhaustion… We shall unleash the Nihilists and the atheists, and we shall provoke a formidable social cataclysm which in all its horror will show clearly to the nations the effect of absolute atheism, origin of savagery and of the most bloody turmoil. Then everywhere, the citizens, obliged to defend themselves against the world minority of revolutionaries, will exterminate those destroyers of civilization, and the multitude, disillusioned with Christianity, whose deistic spirits will from that moment be without compass or direction, anxious for an ideal, but without knowing where to render its adoration, will receive the true light through the universal manifestation of the pure doctrine of Lucifer, brought finally out in the public view. This manifestation will result from the general reactionary movement which will follow the destruction of Christianity and atheism, both conquered and exterminated at the same time."

-Albert Pike


I'm not sure about the authenticity of this, but it's interesting that it appears to be showing that:

1) The PTB will let us "exterminate" the Cultural Marxist SJWs which they themselves created and no doubt funded and sustained,
2) Christianity will be discredited as a hippy-dippy religion in the eyes of the idiot sheeple thanks to the antics and weaknesses of Protestant and (supposedly) Catholic leaders, and
3) Devil-worship aka spiritual Gammatude will be foisted on the idiot sheeple.

Blogger W.LindsayWheeler July 07, 2015 2:44 PM  

From Dr. Henry Makow's website:

"Before becoming Greek Finance Minister in the January coalition government of Alexis Tsipras, Varoufakis spent time in the United States working for the Bellevue Washington video game company, Valve Corporation, whose founders came from Bill Gates' Microsoft. In the late 1980's he studied economics and game theory in the UK at University of Essex and East Anglia and taught at Cambridge. Then, he spent the next eleven years in Australia teaching and even taking Australian citizenship....He pretends to be against austerity but his record shows the opposite. Varoufakis was the adviser to Prime Minister George Papandreou and PASOK when Papandreou made the disastrous draconian austerity deal with the EU on behalf of Greece so that French and German banks could be bailed out. Varoufakis also has at various times heaped praise on Mario Draghi and the ECB, suggesting solutions for how to keep Greece in the EU, a track that pre-programs Greece for self-destruction under the current Troika regime of austerity -

And William Engdahl concludes that At this point it indeed looks as if Varoufakis' role has been to act as the Western bankers' Trojan Horse inside the Greek government, to prepare Greece and the Greek people for the slaughter, all the while posing as the tire-less fighter for Greek interests, all without a neck tie, of course.

So some people don't see Varoufakis as a hero.


See more at:Syrzia playing double game on Greece

Blogger njartist July 07, 2015 2:54 PM  

@ 89. Corvinus July 07, 2015 2:40 PM

thanks to the antics and weaknesses of [supposedly] Protestant and (supposedly) Catholic leaders
Fixed it for you.

Anonymous A.B. Prosper July 07, 2015 3:17 PM  

I think it would be very unwise for the German's to start a military coup unless they think the ultra-nationalists that would probably end up in power, possibly even the Golden Dawn would be friendly to the banksters. I suspect Golden Dawn which has heavy military and police support put in even by accident with foreign meddling would be an utter nightmare to the EU's ideology.

Greece can't overthrow the German regime but being Communists can find nasty methods of reprisal as well and Greeks being who they are, might just do that.

Direct military operations are certainly out, Russia won't allow US meddling at all either .

So I suspect the EU will try to cram something down the Greeks throat, pay of or bribe their way through and if it fails, threaten to toss them out. How do you say "please don't throw me in the briar patch" in Greek anyway.

Blogger YIH July 07, 2015 3:29 PM  

Fred:
Their biggest challenge would be to buy oil/fuel but they could nationalize the Greek fleet, the largest in the world, and exchange hauling services for oil and necessities until they can produce their own.
Greece does have 'an ace in the hole' here: Russia.
Russia has plenty of oil and gas, Greece has something Russia wants as well, that port hub.
IMHO, when the Assad government falls and Syria becomes the next Libya or Iraq, Russia is going to want someplace close by to relocate it's navy when the next government(?) of Syria decides to tell the Russians to leave.
Remember, Islam and Russia are not exactly on friendly terms.

Blogger Corvinus July 07, 2015 3:41 PM  

@W.LindsayWheeler

But Varoufakis resigned. Not sure how that goes along with the thesis.

If he had stayed on after the Greeks voted No to austerity, it would have made more sense.

Blogger HickoryHammer #0211 July 07, 2015 6:31 PM  

Amazing how three drop dead dates declared by the Troika have passed and Greece is still standing.....

Blogger Azimus July 07, 2015 7:19 PM  

Article:
...after Germany issued a humiliating ultimatum to Greece, warning that the country would be cast adrift and left to go bankrupt unless it agreed to much deeper concessions than anything offered so far.


Translation: turn more tricks every day or no more crack for you, crack whore!

Anonymous Luke July 07, 2015 7:28 PM  

3. Steve July 07, 2015 10:01 AM

"RedJack - I preferred the original EU flag, with a picture of a shape-shifting alien reptile shafting planet Earth with its giant, scaly dinosaur cock, while the Pope, the Queen, and the Jews give a big thumbs up."

Link to graphic of this? I'd love to share it.

Anonymous ??? July 07, 2015 8:50 PM  

One thing that does bother me is how so many people, especially conservatives, are jumping on the Greeks with the name calling about being lazy, worthless bums.

I called them that even before they decided not to pay their damn bills.

Also, greasy, skirt-wearing, sheep-shaggers.

What's the difference between a Greek who thinks the Germans have to keep lending them money and an American black who thinks whitey has to keep his EBT card full?

The former is nominally Caucasian.

Mediterranean civilization, 509 - 27 BC:

PACTA SUNT SERVANDA.

Mediterranean civilization, 2015 AD:

FUCK YOU, WE WON'T PAY.

The "time to civilization" theory needs to address "time to relapse into barbarism". The latter is a considerably shorter span of time than the former...

Anonymous Giuseppe July 07, 2015 8:53 PM  

Vox,
you are not doing your bit. As a barbarous savage I expect you to burn my country's government to the ground and replace it. Please hurry.

Anonymous zen0 July 07, 2015 9:24 PM  

Varoufakis was the adviser to Prime Minister George Papandreou and PASOK...

But:

From January 2004 to December 2006, Varoufakis served as economic advisor to George Papandreou, of whose government he was to become an ardent critic a few years laterd.

When he became finance minister he fired the guy that put together the false stats that Papandreou used to get the austerity plan from the EU.

Steve Keen knows him, and Steve Keen is an honorable guy, so it will take a little more than cut and paste speculation for me to think he was a turncoat.

Maybe a dupe, or sacrificial lamb, but not a turncoat. I was in that position, in a smaller way in a smaller conflict in a smaller theatre, but the machinations are the same. I was the bad cop, and had to be sacrificed to get a deal that worked for everybody else.

I took the hit, for the team, but I would not ever do that again. Politics is all theatre. Strut and fret your time upon the stage and then $%$* off.

Blogger Nate July 07, 2015 9:31 PM  

Holy crap people.

Albert Pike did not predict 3 world wars. That letter is a completely fictious. The fact that the term "zionism" is used... and the word was coined in the 1890s.. 20 years after the letter was supposedly written and after Pike was dead... is proof enough.

Its also glaringly obvious to anyone who's ever read Pike's actual writing. The style isn't even close to Albert Pike's style... which is... how do you say.... unique.

Blogger Thucydides July 07, 2015 9:46 PM  

This is actually a lot simpler that some of you seem to think. There is no Kaiser Soze lurking in the background, just a mad scramble to grab everything of value that isn't still nailed down.

The Greek population is trying to suck and blow at the same time, wanting the shower of benefits promised by their leftist government without wanting to pay for it (see Greek homeowners using camouflage nets to hide the fact they have a swimming pool from the taxman etc.)

The Greek government made promises to the electorate that are simply impossible to keep, but so long as they continue to lie they still get access to the levers of power.

The EU wants to continue the illusion that the EUZone is an economic and political powerhouse and important in world affairs.

The bankers want to preserve their houses of cards (or dominos, if you like) from collapse when the Greek (and eventually the rest of the PIIGS) government paper is revealed to be utterly worthless, along with all the various derivatives that are based on the paper.

EU government like Germany, Finland etc. are terrified of what will happen when their taxpaying citizens are asked (told) to "bail in" the insolvent banks and cover the huge hole in their balance sheets where the PIIGS paper was.

There. That was easy.

And while the Russians may want to get the Greek ports and stick the EU and the US in the eye, Putin isn't entirely stupid. Russia's economy is shrinking and even at it's best it is only about the size of Italy's, so they don't have a lot of "surplus" lying around to fund a bailout of Greece, particularly when they know they will get stiffed as well. Far better to dig in and try to fight the Saudis and their oil weapon in the short term, and let the EU go down in flames on its own. Russia is playing an entirely different game.

Anonymous Not-So-Merry zen0 July 07, 2015 9:59 PM  

The EU was a bad idea, born under a bad sign, and its going down. Any time a corporation expands, the risks increase. Then one has to consolidate.

I don't know what the PIIGS will do after, but they are going to be out of the club and France will follow.

Big deal. Shit happens and they call it history. History is the Chronicle of Foolish Ideas and Futile Crusades

Anonymous Different T July 07, 2015 10:56 PM  

For those with such poor eyesight as to call Yanis "honorable" and "noble," the last question is most pertinent and begins at 1:58:00

https://www.youtube.com/watch?v=HpIsZL5FJVs

"Collectively produced values, privately appriopriated"

Ayn Rand defined "package-dealing" as "the shabby old gimmick of equating opposites by substituting nonessentials for their essential characteristics, obliterating differences."

Just what are "collectively produced values?" For a socialist/communist, it's pretty straightforward. Whatever values they can convince enough of their party to seize.

But there is another important distinction between those who use "package-dealing". It seems most do not even realize they commit it, they just utilize sloppy conceptualization and see no difference. Take a look at Yanis after he mutters such garbage (again, poor eyesight will make this difficult). The way he looks into the crowd to gauge their reaction, seemingly understanding exactly what he did.

Again, Yanis "said he would resign if Greece voted 'Yes,' and then he did resign to help with future negotiations. Did he say he was done after the negotiations (to use his own words from the video 'Once the crisis is arrested'), or just playing nationalistic political martyr in a futile battle over carrion? Ready to stick his beak back into the carcass once some of the other vultures go away?"

Anonymous zen0 July 07, 2015 11:04 PM  

Again, Yanis "said he would resign if Greece voted 'Yes,' and then he did resign to help with future negotiations. Did he say he was done after the negotiations (to use his own words from the video 'Once the crisis is arrested'), or just playing nationalistic political martyr in a futile battle over carrion? Ready to stick his beak back into the carcass once some of the other vultures go away?"

If you were objective, you would wait to see. But your very framing of the questions suggests you have already decided.

As far as I know, he has a comfortable future in academia, does not need the hassle of political life.

Fine, so be it. I will wait and see.

Anonymous Different T July 07, 2015 11:09 PM  

If you were objective, you would wait to see. But your very framing of the questions suggests you have already decided.

To whether he will re-enter politics? No. To whether I would ever call him "honorable" or "noble?" Yes.

Blogger Groot July 08, 2015 12:21 AM  

102. Thucydides

"trying to suck and blow at the same time"

Sounds like a job.

Blogger Danby July 08, 2015 1:02 AM  

Varoufakis is positioning himself to take over the Syriza party after the negotiations collapse and Tsipras is forced out.

That's all this is.

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