but I've got some info that Greece's debt will not be covered,
for very long...
what follows is the story of a bunch of illegal gentlemans'
agreements which are designed to enslave the world.
all suits and ties, and starvation.
what follows is the story of a bunch of illegal gentlemans'
agreements which are designed to enslave the world.
all suits and ties, and starvation.
If you've read the 'law'/agreement covering the bank loan, it's absolutely
Medieval in its slave-driving tactics.
The Greek government gave away its sovereign right:
-to declare bankruptcy
-to run its own finances
-to protect its land and belongings
-to protect its own citizens and their savings, worldwide
-to get help from any other country
and, it did so willingly!
You would say, "isn't that horrible"
strange thing is, it hasn't been voted on by the parliament,
12 months after it was signed.
It's against the Greek constitution and
against the constitution of lots of other countries.
So, while Merkel is protecting her banks,
German economists have taken the German state
to court saying that to do all the above things
to Greece is against the GERMAN constitution.
You're damn right. It's worse than the Nazi occupation.
[Germany still owes Greece money on behalf of Adolf]
But, the trick is, it never will be voted on.
The Greeks have already figured out what's going on,
so the PM won't dare.
[UPDATE Jn9: the PM was quized about this by his party today and got pissed off. meaning?]
so, why all the fuss?
To keep the charade of Euro economic viability going.
Those banks that are owed money in
London, Germany, France
are all technically bankrupt, like the IMF,
and it's all gonna collapse.
once Spain says "adios" to its debts.
And they want to blame Greece for everything,
so that the banksters don't get the blame.
Nice try. I still blame the Greeks @sarc
The next stalling tactic will be
a hidden/trick haircut or nosejob.
Oh, and the real game on the ground is:
1 the law, though not voted on, still applies, in practice!
2 getting Greece to sell everything cheap,
just like Max Keiser said.
Everything in Greece that is making a profit for the government
(cuz the oligarchy gets it all)
will be sold. Even if there's a crash, that stuff will be gone for good.
3 the government will fire half its workers.
4 oh, and European megacompanies will be using parts of Greece
for next to nothing, with no commitment.
No problem. Here's your brand new
pre-revolutionary Cuba de Batista.
and they might "re-arrange" some parts of Greece.
5 the ever poorer Greeks will keep paying some
of the ever-increasing taxes, while the rich pay nothing.
By the way, the Greek government has no limits
with respect to 'own goals'.
They sold government debt to Greek banks and
it's now semi-worthless,
so Greek banks are also broke,
but they have a guarantor, the Greek government!
The Greek government gave away its sovereign right:
-to declare bankruptcy
-to run its own finances
-to protect its land and belongings
-to protect its own citizens and their savings, worldwide
-to get help from any other country
and, it did so willingly!
You would say, "isn't that horrible"
strange thing is, it hasn't been voted on by the parliament,
12 months after it was signed.
It's against the Greek constitution and
against the constitution of lots of other countries.
So, while Merkel is protecting her banks,
German economists have taken the German state
to court saying that to do all the above things
to Greece is against the GERMAN constitution.
You're damn right. It's worse than the Nazi occupation.
[Germany still owes Greece money on behalf of Adolf]
But, the trick is, it never will be voted on.
The Greeks have already figured out what's going on,
so the PM won't dare.
[UPDATE Jn9: the PM was quized about this by his party today and got pissed off. meaning?]
so, why all the fuss?
To keep the charade of Euro economic viability going.
Those banks that are owed money in
London, Germany, France
are all technically bankrupt, like the IMF,
and it's all gonna collapse.
once Spain says "adios" to its debts.
And they want to blame Greece for everything,
so that the banksters don't get the blame.
Nice try. I still blame the Greeks @sarc
The next stalling tactic will be
a hidden/trick haircut or nosejob.
Oh, and the real game on the ground is:
1 the law, though not voted on, still applies, in practice!
2 getting Greece to sell everything cheap,
just like Max Keiser said.
Everything in Greece that is making a profit for the government
(cuz the oligarchy gets it all)
will be sold. Even if there's a crash, that stuff will be gone for good.
3 the government will fire half its workers.
4 oh, and European megacompanies will be using parts of Greece
for next to nothing, with no commitment.
No problem. Here's your brand new
pre-revolutionary Cuba de Batista.
and they might "re-arrange" some parts of Greece.
5 the ever poorer Greeks will keep paying some
of the ever-increasing taxes, while the rich pay nothing.
By the way, the Greek government has no limits
with respect to 'own goals'.
They sold government debt to Greek banks and
it's now semi-worthless,
so Greek banks are also broke,
but they have a guarantor, the Greek government!
the final judgement:
Either the whole banking thing will collapse,
because everybody's got nothing but piss in their gastanks,
or we'll keep going from crisis to crisis,
with rich countries enslaving poor ones,
despite the fact that everybody is technically broke.
Has that for a NWO?
because everybody's got nothing but piss in their gastanks,
or we'll keep going from crisis to crisis,
with rich countries enslaving poor ones,
despite the fact that everybody is technically broke.
Has that for a NWO?
checkitout: this is amazing stuff from Reggie Middleton
http://www.zerohedge.com/article/over-year-after-being-dismissed-sensationalist-questioning-ecbs-continued-solvency-after-sov?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
the whole page is massive, but really instructive. Here's the Greek story:
....There has been a lot of noise in both the alternative and the mainstream financial press regarding potential risk to the ECB regarding its exposure at roughly 48 to 72 cents on the dollar to sovereign debt purchases through leverage, and at par at that. This concern is quite well founded, if not just over a year or so too late. In January, I penned The ECB Loads Up On Increasingly Devalued Portuguese Bonds, Ensuring That They Will Get Hit Hard When Portugal Defaults. The title is self explanatory, but expound I shall. Before we get to the big boy media's "year too late" take, let's do a deep dive into how thoroughly we at BoomBustBlog foretold and warned of the insolvency of both European private banks and central banks, including the big Kahuna itself, the ECB! The kicker is that this risk was quite apparent well over a year ago. On April 27th, 2010 I penned the piece "How Greece Killed Its Own Banks!". It went a little something like this:
Yes, you read that correctly! Greece killed its own banks. You see, many knew as far back as January (if not last year) that Greece would have a singificant problem floating its debt. As a safeguard, they had their banks purchase a large amount of their debt offerings which gave the perception of much stronger demand than what I believe was actually in the market. So, what happens when these relatively small banks gobble up all of this debt that is summarily downgraded 15 ways from Idaho.
Well, the answer is…. Insolvency! The gorging on quickly to be devalued debt was the absolutely last thing the Greek banks needed as they were suffering from a classic run on the bank due to deposits being pulled out at a record pace. So assuming the aforementioned drain on liquidity from a bank run (mitigated in part or in full by support from the ECB), imagine what happens when a very significant portion of your bond portfolio performs as follows (please note that these numbers were drawn before the bond market route of the 27th)…
http://www.zerohedge.com/article/over-year-after-being-dismissed-sensationalist-questioning-ecbs-continued-solvency-after-sov?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+zerohedge%2Ffeed+%28zero+hedge+-+on+a+long+enough+timeline%2C+the+survival+rate+for+everyone+drops+to+zero%29
the whole page is massive, but really instructive. Here's the Greek story:
....There has been a lot of noise in both the alternative and the mainstream financial press regarding potential risk to the ECB regarding its exposure at roughly 48 to 72 cents on the dollar to sovereign debt purchases through leverage, and at par at that. This concern is quite well founded, if not just over a year or so too late. In January, I penned The ECB Loads Up On Increasingly Devalued Portuguese Bonds, Ensuring That They Will Get Hit Hard When Portugal Defaults. The title is self explanatory, but expound I shall. Before we get to the big boy media's "year too late" take, let's do a deep dive into how thoroughly we at BoomBustBlog foretold and warned of the insolvency of both European private banks and central banks, including the big Kahuna itself, the ECB! The kicker is that this risk was quite apparent well over a year ago. On April 27th, 2010 I penned the piece "How Greece Killed Its Own Banks!". It went a little something like this:
Yes, you read that correctly! Greece killed its own banks. You see, many knew as far back as January (if not last year) that Greece would have a singificant problem floating its debt. As a safeguard, they had their banks purchase a large amount of their debt offerings which gave the perception of much stronger demand than what I believe was actually in the market. So, what happens when these relatively small banks gobble up all of this debt that is summarily downgraded 15 ways from Idaho.
Well, the answer is…. Insolvency! The gorging on quickly to be devalued debt was the absolutely last thing the Greek banks needed as they were suffering from a classic run on the bank due to deposits being pulled out at a record pace. So assuming the aforementioned drain on liquidity from a bank run (mitigated in part or in full by support from the ECB), imagine what happens when a very significant portion of your bond portfolio performs as follows (please note that these numbers were drawn before the bond market route of the 27th)…
