Tag Archives: Greece

Jul 7 2015

EU Gives Greece Five Days To Avoid Bankruptcy…


Maybe they should vote again the EU didn’t get the message … lol

Jul 7 2015

FUNDAMENTALS OF NATURAL LAW: Greece Is An Example Of What Happens When You Violate Natural Law


All of this is 100% true but I would not give a break to the EU they knew what the deal was and the bankers did as well — there are no innocents in this and all must pay the price.

Black3Actual's avatarTHE ROAD TO CONCORD

I am just going to assume that you are aware of the financial mess Greece has created for itself.  This is no one’s fault but Greece — all of Greece.  This means the politicians and the people.  This is not the fault of the bankers.  The bankers have finally come to the point where they realized that Greece was not going to pay them back so they stopped lending.  However, Greece has not stopped spending.  That is what the ‘crisis’ is all about: the people of Greece refuse to live on what they make, they are demanding to get what the politicians who bribed them for their votes promised.  The problem is, those promises (bribes) were made by placing a claim on other people’s’ money — a claim the Greek politicians had no authority to make.  So now, when the bills are due and there is no money to pay…

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Jul 5 2015

Analysis of the Greece No Vote


Much to the surprise of the EU and the rest of the world, apparently, the Greek rejection of the EU’s current refinancing terms was a shock. As the post is being writing the No’s are over 60% which all but assures the no vote when all the ballots are counted. This level of dissatisfaction was not expected and leaves Brussels with major problems. As I see it there are only six options.

Number one is the EU central bank (the ECB) acquires all the Greek debt in the private sector at a discount level that leaves them all solvent. This would delay the real issues but still precipitate a market collapse on Monday unless they don’t open the exchanges.

Number two is the American Central bank (the FED) acquires all the Greek debt in the private sector at a discount level that leaves them all solvent. This would delay the real issues but avoid a market collapse on Monday and we’d see a drop but probably not a major one.

Number three Greek government could nullify the election and either argue for better terms or agree to the existing  terms of the EU. This would delay the real issues but avoid a market collapse on Monday and we’d see a drop but probably not a major one.

Number four the EU could seize all the assets of Greece and take Greece over as a defaulted creditor. Greece would be given the option to capitulate or the EU would occupy Greece.This would delay the real issues but still precipitate a market collapse on Monday unless they don’t open the exchanges

Number five the EU could consider this a rebellion and send in a military contingent to throw out the government and install an occupation government. This would also trigger a market collapse unless the exchanges are closed Monday.

Number six another country could buy the Greek debt held by the EU. This could be Russia China India or the US. This might also mean the need for an occupying force but might not. The market would go down but not as far as either of the other options.

As can be seen for these options there are no good ones for the EU or Greece.— we will know in a few hours what will happen.

Jul 5 2015

NO Vote Looks Like 55% in Greece


Re Posted on July 5, 2015 by

Greek-Vote

Our staff there in Athens right now is reporting that it appears the NO vote has the majority. This is a vote that demonstrates Brussels has been dead wrong with austerity for the last 5 years. This is likely to encourage a contagion. Brussels will most likely resist for this is now all about saving their power and self-interest. They have crushed the European economy all for the benefit of the bondholders. There has to be a new way forward for this same line of thinking cannot resolve the Euro Crisis.

It is not final as of yet. But this is the reading from our people on the ground in Athens. This is not the official poll which still says it is very close.