What is the endgame for Greece?

[3OctaveFart]

This is more of a fucking shitshow every day.


http://blogs.wsj.com/briefly/2015/06/30/whats-the-timetable-to-a-grexit-the-short-answer/

[Quick Karl]

Liberal entitlement State implodes?

[Yorkshire pud]

The eleventh hour of the eleventh hour and the Greek government has asked it's creditors to stay the inevitable crash. It might happen, but the connected journos are saying that Greece will default and more than likely have readopt the Drakma. Hey ho.

[3OctaveFart]

"The problem with socialism is that you eventually run out of other people's money."
-Margaret Thatcher

She was right about that, anyway.

I can't believe Greek citizens still even have money in deposit.

[Yorkshire pud]

"The problem with socialism is that you eventually run out of other people's money."
-Margaret Thatcher

She was right about that, anyway.

I can't believe Greek citizens still even have money in deposit.

The banks are closed all week, and their citizens are allowed to only remove 60 Euro per day. UK holiday makers are being advised to take cash and as much as they think they'll need, but foreign debit and credit cards have no restriction (so far) in how much they can withdraw.

[Jackstar]

https://www.youtube.com/watch?v=nb1b5DZ3LtY

Benjamin Fulford - June 29, 2015: Greek Domino falls, China moves in to pick up the pieces     
So, it has finally happened, Greece has shut down its banks and imposed capital controls. And so the dominoes start to fall. This is only the first act in a grand opera that will continue to unfold in the coming months. To try to guess what is in store for the European Union, it is good to take a look at how the fall of the Soviet Union took place. The fall of the Soviet Union began with a widespread sense of dissatisfaction with the government among both the working class and the elites. This gave birth to strikes and demonstrations in Poland that led to the fall of the Polish government in June of 1989. In November of that year the Berlin wall came down. Then, running into 1990, the communist governments of Czechoslovakia,

Romania, Bulgaria and Hungary fell. Finally, in December of 1991 Michael Gorbachev resigned and the Soviet Union itself collapsed.

So now that Greece has failed we can expect Spain, Italy, France, Germany and finally the United States itself to follow a roughly similar trajectory to what we saw with the Soviet Union.

What most people still do not realize about the fall of the Soviet Union was that it was not caused by failed ideology but by actual financial bankruptcy. That is why the United States and the European Union, which is modelled almost exactly on the Soviet Union, are doomed to experience regime change. They are bankrupt.

Chinese and BRICS government sources explain what they are going to do next. Chinese number 2 Li Keqiang is arriving in Europe this week where he will announce China will contribute generously to a European reconstruction fund with an initial budget of 315 billion Euros. It is no coincidence that this is almost exactly the same amount as the Greek debt total is.

The Chinese offer of bail out money for Europe is the one of the reasons why the UK, France, Germany, Italy, Switzerland etc. agreed to join the China initiated Asian Infrastructure Investment Bank.

In addition to this, the BRICS development bank, the Asian Infrastructure Investment Bank and many other new institutions are also now opening shop. All of these institutions will be helping direct a flow of $21 trillion worth of Chinese money that is expected to flood world markets in the coming months and years.

In parallel to this, there are also ongoing negotiations on what rules will apply to the $21 trillion worth of Chinese savings that the Chinese government is soon going to let Chinese citizens invest overseas. Basically this amounts to discussions about what areas the Chinese will be allowed to invest in and what will be off limits.

The Europeans are much more open about what the Chinese can invest in than the Americans. So far, the British have already offered ownership of a major newspaper (this writer is involved in the negotiations so cannot disclose the name of the paper) to the Chinese. The newspaper deal will involve a promise by the Chinese to not interfere in fact based reporting. The British are also trying to find a Chinese buyer interested in the British Telecoms’ landline infrastructure, among other things.

The British are further along in their negotiations with the Chinese than other Europeans but you can be sure the Greeks, then the Spanish, Italians and others will not be far behind.

Hungary is ahead of the rest of Europe in that they have already agreed to participate in the Chinese silk-road initiative to build extensive transportation infrastructure across Eurasia.

By contrast, Chinese and American negotiations over what parts of the US economy Chinese would be allowed to invest in failed last week. Chinese sources say this was because the Americans were unwilling to open enough sectors to Chinese investments. Pentagon sources say the negotiations failed because the Chinese were reluctant to start merging Chinese armed forces with the Pentagon. State Department sources added the Chinese were also still unwilling to open their financial markets sufficiently to Western financial institutions. Of course, seeing what damage Western financial institutions have caused around the world, Chinese reluctance to allow them free reign seems quite reasonable.

Even as this avalanche of Asian money looms over the world markets, there are still frantic moves afoot to try to keep the old Western system solvent. The latest move on that front, according to Japanese right wing sources, has been a request by the US Treasury Department that the Mitsubishi Group take-over the Union Bank of Switzerland. The problem is the Americans are not letting Mitsubishi do any real due diligence. The right winger recalls the same thing happened when the Japanese were asked to bail out Merrill Lynch. “They are just asking us to fill in a black hole,” he complained.

The Mitsubishi Group, with its close ties to David Rockefeller, is the main force behind the Abe slave regime in Japan, according to multiple sources here. Abe, because of his low IQ, was sent to the low prestige Seikei University founded by the Mitubishi Group as a favor to his war criminal grandfather. It appears forcing Mitsubishi to buy UBS is payback for the US campaign to allow Mitsubishi Heavy Industries to start exporting weapons.

The military build-up in Japan is part of a plan first proposed by Senior Nazi cabalist Richard Armitage more than a decade ago. The Abe government is betting its final energy on laws aimed at integrating the Japanese military with the US military. These are expected to be pushed strongly over the summer.

However, there are growing signs in Japan of revolt against the Shinzo Abe slave government. Recently two separate nationally broadcast television shows openly stated the March 11, 2011 tsunami and nuclear disaster in Japan was the result of deliberate sabotage.

Also, several people who recently met Abe said he was looking very frail from his intestinal illness.

There is a concrete scenario to replace Abe this autumn, according to several Japanese power brokers. The details are still being kept secret but the P2 Freemason lodge, MI6, Asian secret societies, the Japanese yakuza and other factions are pushing this scenario. Only a few top level Khazarian slaves remain in support of Abe now. Their names have been noted and they will be asked to step aside this autumn.

Also the P2 Freemason lodge and the Vatican are negotiating deals with the Russians and the Pentagon to make sure the West retains an equal say with Asia in the emerging new international financial, economic and political system. The fact that UBS is linked to the Teutonic Knights and thus to the P2 lodge is a clear indication the Vatican is pushing for Japanese backing (money) to ensure we do not end up with a one China world.

To this end Russia’s Vladimir Putin met with Pope Francis on June 10th to push for an East West Christian bloc, according to Pentagon sources. Both are now going to pressure US President Barack Obama to disengage in the Ukraine, Syria and elsewhere so that the Christian West can form a unified bloc, the sources said.

In addition to this, the take down of the Khazarian gangsters and their proxies in the Middle East, Europe, the US and Israel continues to unfold. In the latest development, the United Nations has de facto charged Israel’s Prime Minister Benyamin Netanyahu with being a war criminal.

http://www.ohchr.org/Documents/HRBodies/HRCouncil/CoIGaza/A_HRC_CRP_4.docx

His arrest is expected to take place once the final elements of his nuclear blackmail network are dismantled. Pentagon sources say the dismantling is almost complete and that Netanyahu would be in jail “sooner rather than later.”

We also have confirmation on a Mossad linked site that Israeli proxy forces are threatening to kill innocent civilians in an attempt to stop a military campaign.

http://www.debka.com/article/24702/Syria-Hizballah-torpedo-understanding-between-Druze-and-Syrian-rebel-Nusra-Front-near-Israeli-border

This is exactly the sort of tactic that led to war crimes charges being filed against so many rank and file Nazis.

There was also a military mutiny against the Khazarian pseudo-Muslim government in Saudi Arabia last week in what is expected to be an avalanche of military defections against that regime.

http://english.farsnews.com/newstext.aspx?nn=13940405000535

There was also another sign that pressure was mounting on the top Khazarian Bush and Clinton mob families. Pentagon sources say Walter Scheib, the chef who catered to Bill Clinton and Bush Jr. for 11 years, was murdered last week in a futile attempt by these mobsters to cover their tracks.

http://edition.cnn.com/2015/06/22/politics/white-house-chef-missing-found-dead/

Finally, a crack-down on Satanists has led to the arrest of over a thousand pedophiles in the US last week.

http://www.huffingtonpost.com/2015/06/23/nationwide-sweep-to-protect-children_n_7642052.html

This follows the arrest of more than 600 in the UK last year.
http://www.cbc.ca/news/world/covert-police-operation-nets-660-suspected-pedophiles-in-u-k-1.2708340

In the UK as well, efforts to protect a high powered child molesting politician were overturned last week by rank and file pressure.

http://www.theguardian.com/uk-news/2015/jun/28/lord-janner-face-trial-dpp-ruling-overturned-sexual-abuse-allegations

[onan]

I say we post a bunch more stuff to express how unhappy we all are that the world has gone to shit.
That will make it all better.

[3OctaveFart]

This is a big domino. Nobody's talking about it. We do know Donald Trump's every last excretion. The Bachelorette's, too.

[Eddie Coyle]

   An elaborate ruse to solve their "migrant" issues. No money here! Italy and France have it, so go see them.

[chefist]

The Chinese bail out Greece? hmmmm Chinese BBQ Pork Gyros! Sounds delish!

[WOTR]

It has been interesting to watch for quite some time.  They have kicked the can down the road for longer than most had thought possible, and I wonder if they would not have been better off putting and end to it a year ago.


In April they had decided to sell their airports, ports and lots of other infrastructure.  You have to hope that the sales are not yet final, as they may as well have given away their major assets and resources in exchange for two extra months solvency.  If they did not sell them yet, at least they have a starting place and some assets.  if they did, at least Germany got a few extra Euros out of them (and they hamstrung themselves in a bid to start over...)


http://www.bloomberg.com/news/articles/2015-04-30/greece-said-to-proceed-with-privatizations-of-port-airports

[paladin1991]

Soon to be the Zimbabwe of Europe.

[WOTR]

Soon to be the Zimbabwe of Europe.

Meh, it is not the first time for Greece...  I was going to track down an old book of mine, but will quote Wiki as it is quicker and easier (though a little less trustworthy.)
From a list of countries in sovereign default or debt restructuring...
Greece: 1826â€"1842, 1843â€"1859, 1860â€"1878, 1894â€"1897, 1932â€"1964, 2010â€"present

[3OctaveFart]

Their tourism industry is running like a top.

http://www.usatoday.com/story/travel/2015/06/30/greece-tourism-unaffected-financial-crisis/29520879/

[albrecht]

Meh, it is not the first time for Greece...  I was going to track down an old book of mine, but will quote Wiki as it is quicker and easier (though a little less trustworthy.)
From a list of countries in sovereign default or debt restructuring...
1826â€"1842, 1843â€"1859, 1860â€"1878, 1894â€"1897, 1932â€"1964, 2010â€"present

Greece should've never been adopted into the EU everyone knew the state of their government and economy over the decades. Recall the Olympic debacle. And tax avoidance and corruption is the normal way of life there. Almost 1/4 of their economy is in the "gray market" and this has not changed since becoming an EU member.

[3OctaveFart]

Here's where this thing starts to get ugly.


https://www.youtube.com/watch?v=Ayfrtea7oaA

I wouldn't want to be over there when this shit finally goes boom. And that clock is ticking.

[paladin1991]

Here's where this thing starts to get ugly.


https://www.youtube.com/watch?v=Ayfrtea7oaA

I wouldn't want to be over there when this shit finally goes boom. And that clock is ticking.

Buffoons.  Bank official comes out and proclaims to the mob that ppl will be serviced alphabetically.  And the only ones that will be serviced are those without ATM cards. 

Guess they serviced 2 or 3 out of that mob.  Greece is gonna burn.

[Eddie Coyle]

   Trust in Greece. Greeks never leave their friends behind...

[Yorkshire pud]

Greece will need an extra 50bn euros ($55bn) over the next three years to stabilise its finances under the existing, disputed bailout plans, the International Monetary Fund (IMF) says.
The IMF also cut its forecast for Greek economic growth from 2.5% to zero.
And it repeated its earlier suggestion that Greece needed debt relief in the form of extended repayment periods and lower interest rates.
The report comes ahead of Sunday's referendum on existing bailout terms.

http://www.bbc.co.uk/news/world-europe-33373390

[paladin1991]

http://www.bbc.co.uk/news/world-europe-33373390

You know what?  Let them burn.  That will teach the rest of Europe not to see the functioning members of the community as ATMS.

[onan]

You know what?  Let them burn.  That will teach the rest of Europe not to see the functioning members of the community as ATMS.

So, when the great depression hit the US, it was really just a bunch of non-functioning members members of the community?

[albrecht]

So, when the great depression hit the US, it was really just a bunch of non-functioning members members of the community?

Yes, I recall sitting on my papa's knee as he told me about great Grecian bailout of our economy back then. 

Having said that- Greece should've never joined the EU. Everyone knew, even back then, about its "gray economy," tax avoidance lifestyle, corruption, and the like. I hope they get their own house in order, kick out the immigrants, persecute the corrupt politicians, no too big to fail banks, and say screw you to the EU, IMF, and billionaire predatory-lenders.  Pull an Iceland- but with cucumber sauce.
http://www.thestreet.com/story/11665082/1/iceland-was-right-we-were-wrong-the-imf.html

[Yorkshire pud]

So, when the great depression hit the US, it was really just a bunch of non-functioning members members of the community?

Not really the same my friend. For long enough (pre EU membership) Greece has had a rather relaxed attitude towards collecting revenue and pretty much anything that keeps the infrastructure financed. It's really no surprise that it's population (and businesses) thought they could enjoy the same arrangement when they joined the great club <sic> that is the Euro. Sadly they didn't read the bit about a 'union' being mutually beneficial not just to them. The present socialist leader's predecessor was more right wing and ready to continue to accept the hard reality that was to be imposed by the EU (Read: Germany) on Greece and it's fiscal policies. But the clown that is their present leader persuaded them it wasn't needed to make Greece thrive again.

Sadly the chickens are all clucking away in their roost waiting for the dispatching of what is left of the real wealth in Greece and it's inevitable dismissal from the Euro. I don't think it will end well.

[onan]

Not really the same my friend. For long enough (pre EU membership) Greece has had a rather relaxed attitude towards collecting revenue and pretty much anything that keeps the infrastructure financed. It's really no surprise that it's population (and businesses) thought they could enjoy the same arrangement when they joined the great club <sic> that is the Euro. Sadly they didn't read the bit about a 'union' being mutually beneficial not just to them. The present socialist leader's predecessor was more right wing and ready to continue to accept the hard reality that was to be imposed by the EU (Read: Germany) on Greece and it's fiscal policies. But the clown that is their present leader persuaded them it wasn't needed to make Greece thrive again.

Sadly the chickens are all clucking away in their roost waiting for the dispatching of what is left of the real wealth in Greece and it's inevitable dismissal from the Euro. I don't think it will end well.

Yeah, well, so what?

[chefist]

Not really the same my friend. For long enough (pre EU membership) Greece has had a rather relaxed attitude towards collecting revenue and pretty much anything that keeps the infrastructure financed. It's really no surprise that it's population (and businesses) thought they could enjoy the same arrangement when they joined the great club <sic> that is the Euro. Sadly they didn't read the bit about a 'union' being mutually beneficial not just to them. The present socialist leader's predecessor was more right wing and ready to continue to accept the hard reality that was to be imposed by the EU (Read: Germany) on Greece and it's fiscal policies. But the clown that is their present leader persuaded them it wasn't needed to make Greece thrive again.

Sadly the chickens are all clucking away in their roost waiting for the dispatching of what is left of the real wealth in Greece and it's inevitable dismissal from the Euro. I don't think it will end well.

Glad you didn't join the EU? I've even seen articles blaming the UK for the crisis that it could have been avoided IF the UK was in the EU...amazing who people blame when things go wrong...

[Yorkshire pud]

Yeah, well, so what?

The circumstances with the depression aren't the same as Greece finds itself now.

[onan]

The circumstances with the depression aren't the same as Greece finds itself now.

I was joking. Greece is a shit hole, I get that. Greed... I get that too. Now what, shoot them, or just let them starve?

[Yorkshire pud]

Glad you didn't join the EU? I've even seen articles blaming the UK for the crisis that it could have been avoided IF the UK was in the EU...amazing who people blame when things go wrong...

I'm delighted we didn't join. We'd have now found ourselves in very similar circumstances that Germany now finds itself. Germany's population are not happy...not even a little bit.

[Yorkshire pud]

I was joking. Greece is a shit hole, I get that. Greed... I get that too. Now what, shoot them, or just let them starve?

Oh; it's going to be cut off the southern part around the Adriatic and towed west along the Med. squeeze through the gap at Gibraltar/ Morocco...and across the Atlantic to become an annex of....erm... NC..there I said it.

[chefist]

I'm delighted we didn't join. We'd have now found ourselves in very similar circumstances that Germany now finds itself. Germany's population are not happy...not even a little bit.

Always knew you guys made the best choice...the Pound is too old and strong to change...AND you are correct, you would be just like Germany...anyway, culturally I cannot see Britain fitting in with the mainland...just not a good fit...

There are people talking of the US, Canada and Mexico joining forces...that will never happen...Mexico would be our Greece...