Jun 30

Varoufakis Confirms Greece Will Default To IMF Today (ZeroHedge, June 30, 2015):

May as well spoil the ending of what happens at midnight local time today. Nothing (as previously reported). From Reuters:

  • GREEK FINANCE MINISTER SAYS GREECE WILL NOT PAY IMF ON TUESDAY.

Visually:

varoufakis finger

AP has the well-known by now details: Continue reading »

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Jun 29

This-Is-Sparta

Greece Will Default To IMF Tomorrow, Government Official Says (ZeroHedge, June 29, 2015):

Earlier today, as the exchange between Greece and its creditors got increasingly belligerent, Estonian Prime Minister Taavi Roivas told public broadcaster Eesti Rahvusringhaaling in interview that a possible Greek decision to leave euro area wouldn’t soften stance of other EU countries and that Greece’s debt would still remain outstanding and creditors would expect this money back.”

“If Greece leaves, the value of their new national currency would decline very fast, so their solvency would still worsen further. They will either have to cut spending or improve their tax revenues. There are no other options.”

So did this latest antagonism change the Greek mind? According to a flash headline by the WSJ released moments ago, not all. In fact, Greece just made it official that it would default to the IMF in just over 24 hours. Continue reading »

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Jun 27

Lagarde no more

IMF Confirms Greek Referendum “Irrelevant” After Program Expires On Tuesday (ZeroHedge, June 27, 2015):

If there was any confusion if, as we warned first thing today was the biggest problem with the Greek referendum namely that next weekend there will no longer be a proposal to vote on, the IMF’s Christine Lagarde just put it to rest. As she told the BBC moments ago, the Greek government’s planned referendum on the terms of any new bailout plan will be invalid after Tuesday, when the current programme expires. As a result, the Greek people would be voting on proposals that were no longer in place. Continue reading »

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Jun 27

The U.S. And EU Will Collapse Regardless Of Economic ‘Contagion’ (ZeroHedge, June 24, 2015):

In order to understand what is really going on around the globe in terms of the collapsing economy, we must set aside false mainstream versions of reality. When it comes to the EU and its current fiscal turmoil, it is very important to, in some respects, ignore Greece entirely. That’s right; forget about all the supposed drama surrounding Greek debt obligations. Will they find a way to pay creditors? Will they default? Will they make a deal with Russia and the BRICS? Will there be last-minute concessions to save the system? It doesn’t matter. It’s all a soap opera, an elaborate Kabuki theater run by international financiers and globalists.

It is most important to remember the fundamentals. Greece will default on its debts. Period. There is no way around it. Maybe Greece makes a deal today, maybe it makes a deal tomorrow; but eventually, the country’s ability to stretch out its resources in order to meet its exponential liabilities will end. It is inevitable, and no last-minute “deal” is going to change the math at the core of it all. Continue reading »

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Jun 24

Greek Delegation Leaves EU Commission: No Agreement Today (ZeroHedge, June 24, 2015):

So much for a Greek deal getting “done” today, as the market had priced in for the nth countless time on Monday. Here is what happened moments ago according to Bloomberg and Reuters:

  • GREEK DELEGATION LEAVES EU COMMISSION
  • SCHAEUBLE SEES INSUFFICIENT PROGRESS FOR GREECE DEAL TODAY
  • SCHAEUBLE SAYS HE DOESN’T HAVE MUCH NEW TO SAY ON GREECE

And so on, until the next round of buying ahead of the next rumor, until the next denial launches stocks even higher, ahead of more hopes of an imminent deal launches even more buying program, until the next round of rumors leds to new all time highs and so on, and so on…

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Jun 24

Greece Rejects “Totally Unacceptable” IMF Counterproposal Demanding Pension Cuts: Full Redline Comparison (ZeroHedge, June 24, 2015):

The renewed optimism that’s surrounded Greek debt negotiations since Monday evening evaporated like deposits on a hot summer day in Athens this morning as the IMF has indicated it will stick to its “red lines” on pension cuts and the VAT, meaning PM Alexis Tsipras will either surrender unconditionally or embrace an EMU exit.

 

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Jun 21

Merkel Tsipras

Greece Told To Have A Deal Ready Before Monday Meeting; Tsipras Submits Revised Plan With No Pension Cuts (ZeroHedge, June 21, 2015):

Update: the farce must go on because according to Bloomberg the “final final” Greek proposal never made it, and was, ahem, lost in tranmission: EU HAS RECEIVED NO NEW PROPOSAL FROM GREECE YET: EU DIPLOMAT – BLOOMBERG

* * *

With just under 24 hours until Monday’s final summit after which even JPMorgan now agrees the ECB will be forced to use a nuclear option and limit or cut Greek ELA thus imposing capital controls as a “negotiating tactic”, earlier today both France and Germany told Greece it must have a reform deal agreement with the Troika finalized and delivered before a crucial leaders’ summit between Athens and its creditors on Monday; in other words before trading opens on Monday. Continue reading »

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Jun 21

H/t reader M.G.:

“Unless all three creditors agree that Greece can borrow more money to make a payment………nothing will work? Reading this article tells me the entire plan is insane…………..


Greece

Greece and eurozone leaders in last-ditch scramble to reach deal (Guardian, June 21, 2015):

Greek prime minister, Alexis Tsipras, is thought to have offered concessions on VAT and pensions in return for some form of eventual debt relief

The Greek prime minister, Alexis Tsipras, and European leaders were attempting to stitch together a last-minute Greek bailout deal on Sunday following a frantic round of phone calls to discuss an outline agreement.

The high-level diplomacy comes as eurozone finance ministers and their government leaders prepare for a key summit in Brussels on Monday that could determine whether or not Greece remains a member of the group. Continue reading »

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Jun 20

EurosPrint

Meanwhile, Greece Is Quietly Printing Billions Of Euros (ZeroHedge, June 20, 2015):

Earlier today we showed why Greece is now literally living on borrowed time. The combined €2.9 billion in ELA cap increases ‘generously’ bestowed upon the flailing Greek banking sector by the ECB last week looks to have been barely enough to keep things from “ending very differently” (to quote Kathimerini) at the ATMs on Friday.

But perhaps more importantly from a big picture perspective, Greece may have already breached the upper limit of its borrowing base. JPM calculates Greek banks’ eligible collateral at €121 billion (€38 billion in EFSF bonds €8 billion in government securities, and €75 billion in “credit claims”). With Friday’s ELA increase, the country’s total borrowings (that’s OMO plus ELA) amount to some €125 bilion. Why would the ECB allow this? Because it knows the breach will be promptly limited or reversed on Monday, or there will be a deal.

So, it is literally “deal or no deal” time, because if JPM is correct and eligible collateral was either exhausted two weeks ago or, in the best case scenario, is right at the limit, capital controls will need to be put in place as early as Tuesday at which point the ATMs will officially stop dispensing freshly-minted euros which, incidentally, brings up an important point. As Barclays notes, during the same period over which Greek banks lost nearly €30 billion in deposits, banknotes in circulation jumped by some €13 billion. In short, because Greeks are increasingly prone to stuffing their euros in mattresses, a large proportion of the deposit flight has come in the form of hard currency withdrawals, meaning the Bank of Greece is forced to (literally) print billions in physical banknotes: Continue reading »

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Jun 20

ukraine vs greece

IMF Humiliates Greece, Repeats It Will Keep Funding Ukraine Even If It Defaults (ZeroHedge, June 19, 2015):

One week ago, we were stunned to learn just how low the political organization that is the mostly US-taxpayer funded IMF has stooped when, a day after its negotiators demonstratively stormed out of the Greek negotiations with “creditors”,  Hermes’ ambassador-at-large Christone Lagarde said that the IMF “could lend to Ukraine even if Ukraine determines it cannot service its debt.” Continue reading »

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Jun 19

Roumaliotis

IMF “trained” Greek journalists in Washington D.C. to spin stories in favor of IMF and European Commission (Red Pill Times, June 18, 2015):

Greece’s former representative to the IMF, Panagiotis Roumeliotis, has testified that Greek journalists attended seminars funded by the IMF and were instructed to present the IMF in a favorable light.

In what can only be described as a shocking testimony, Greece’s former representative to the IMF, Panagiotis Roumeliotis, in front of the special parliamentary committee on the Greek debt, said that several Greek journalists were “trained” in Washington D.C. in order to support the positions of the IMF and the European Commission in Greek media.

Roumeliotis testified that…

“The IMF trained” greek journalists so that “Greek journalists can promote the positions of the IMF and the European Commission in Greek media.”

According to Roumeliotis, the seminars and training classes took place in Washington D.C., as well as various sessions taking place in Greece. Continue reading »

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Jun 17

Greek Debt Committee Just Declared All Debt To The Troika “Illegal, Illegitimate, And Odious” (ZeroHedge, June 17, 2015):

It was in April when we got a stark reminder of a post we first penned in April of 2011, describing Odious Debt, and why we thought sooner or later this legal term would become applicable for Greece, because two months ago Greek Zoi Konstantopoulou, speaker of the Greek parliament and a SYRIZA member, said she had established a new “Truth Committee on Public Debt” whose purposes was to “investigate how much of the debt is “illegal” with a view to writing it off.”

Moments ago, this committee released its preliminary findings, and here is the conclusion from the full report presented below:

All the evidence we present in this report shows that Greece not only does not have the ability to pay this debt, but also should not pay this debt first and foremost because the debt emerging from the Troika’s arrangements is a direct infringement on the fundamental human rights of the residents of Greece. Hence, we came to the conclusion that Greece should not pay this debt because it is illegal, illegitimate, and odious. Continue reading »

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Jun 17

Drachma

Got gold and silver?


Greece likely to exit euro and EU without deal with creditors – central bank (RT, June 17, 2015):

Athens is likely to leave the eurozone and the EU if it fails to reach an agreement to unlock a €7.2 billion bailout installment, said a statement from the Bank of Greece.

“Failure to reach an agreement would, …, mark the beginning of a painful course that would lead initially to a Greek default and ultimately to the country’s exit from the euro area and – most likely – from the European Union,” the bank said in a statement Wednesday.

The manageable debt crisis Greece is now facing may turn into an uncontrollable and broader crisis, dangerous for the banking system and financial stability, the bank added. An exit from the eurozone would only add to hostility that is already felt, and, as a result, a deep exchange rate crisis would make inflation skyrocket. Continue reading »

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Jun 17


Jun 16, 2015

IMF

THE IMF WAS HERE

screwed

Evelyn Rothschild

Rothschild

rothschild

Rothschilds-Choice-Batrack-Obama

George Soros As The Fighting Uruk-hai With Jacob Rothschild As Saruman

About Brother Nathanael:

Welcome To “REAL JEW NEWS!”

My Name Is Brother Nathanael Kapner
I’m A “Street Evangelist”

I Grew Up As A Jew
I’m Now An Orthodox Christian

I Wish To Warn How Jewry
Is Destroying Christianity Throughout The World

talmud-hate

Satanic Verses Of The Jewish Talmud:

Sources: The Talmud, Soncino Press, Hebrew-English; The Truth About The Talmud, Michael Hoffman Here; Jewish History-Jewish Religion, Israel Shahak Here; The Plot Against Christianity, Elizabeth Dilling Here
THE JEWISH TALMUD is “Holy Writ” for the Jews.

The Talmud supercedes the Old Testament in authority for the Jews. And the Talmud is the most racist, hate-mongering , blasphemous book the world has ever known.

The Talmud was written in Hebrew between the 3rd & 6th Centuries as a codification of the so-called Oral Law that the Jewish rabbis claim was handed down from Moses.

But the Messiah Jesus censored the “Oral Law” when He said, “By the traditions of your elders you make void the Word of God.” (St Matthew 15).

The English translation of the Talmud has been watered down so as to conceal from the Gentiles the “satanic verses” contained in the original Hebrew.

The “Satanic Verses” of the Talmud can be classified into 3 categories:

1) Jewish Supremacy.
2) Hatred Towards The “Goys” (Gentiles).
3) Blasphemies Against Jesus Christ, The Virgin Mary, & All Christians.
SATANIC VERSES OF THE TALMUD’S
“JEWISH SUPREMACY”

* “If a ‘goy’ (Gentile) hits a Jew he must be killed.” (Sanhedrin 58b)

* “If a Jew finds an object lost by a ‘goy’ it does not have to be returned.” (Baba Mezia 24a)

* “If a Jew murders a ‘goy’ there will be no death penalty.” (Sanhedrin 57a)

* What a Jew steals from a ‘goy’ he may keep.” (Sanhedrin 57a)

* “Jews may use subterfuges to circumvent a ‘goy.’” (Baba Kamma 113a)

* “All children of the ‘goyim’ (Gentiles) are animals.” (Yebamoth 98a)

* “Girls born of the ‘goyim’ are in a state of ‘niddah’ (menstrual uncleanness!) from birth.” (Abodah Zarah 36b)

SATANIC VERSES OF THE TALMUD’S
HATRED TOWARDS THE GENTILES

* “The ‘goyim’ are not humans. They are beasts.” (Baba Mezia 114b)

* “If you eat with a ‘goy’ it is the same as eating with a dog.” (Tosapoth, Jebamoth 94b)

* “Even the best of the ‘goyim’ should all be killed.” (Soferim 15)

* “Sexual intercourse between the ‘goyim’ is like intercourse between animals.” (Sanhedrin 74b)

* “When it comes to a Gentile in peace times, one may harm him indirectly, for instance, by removing a ladder after he had fallen into a crevice.” (Shulkan Arukh, Yoreh De ‘ah, 158, Hebrew Edition only)

SATANIC VERSES OF THE TALMUD’S
BLASPHEMIES AGAINST JESUS CHRIST, THE VIRGIN MARY,
& ALL CHRISTIANS

* “‘Yashu’ (derogatory for ‘Jesus’) is in Hell being boiled in hot excrement.” (Gittin 57a)

[’Yashu’ is an acronym for the Jewish curse, ‘May his (Jesus) name be wiped out forevermore.’]

* Yashu (Jesus) was sexually immoral and worshipped a brick.” (Sanhedrin 107b)

* “Yashu (Jesus) was cut off from the Jewish people for his wickedness and refused to repent.” (Sotah 47a)

* “Miriam the hairdresser had sex with many men.” (Shabbath 104b, Hebrew Edition only)

* “She who was the descendant of princes and governors (the virgin Mary) played the harlot with carpenters.” (Sanhedrin 106a)

* “Christians who reject the Talmud will go to hell and be punished there for all generations.” (Rosh Hashanah 17a)

JUDAISM’S REIGN OF GLAMOUR IS COMING TO AN END!

I WAS RAISED AS A JEW. Christendom has fawned all over the Jews for the last 60 years. But all of this is now coming to an end.

Christians are waking up to the fact that Judaism and the Jews are haters of Jesus Christ, Christianity, and fervent Christians who preach the Gospel.

Do you wish to get a Talmudic Jew raving mad?
Simply Tell That Jew That If He Does Not Accept Jesus Christ As His Lord & Saviour
He Is Going To Suffer In Hell!

___________________________________

For More See: “Kill Civilians? The Talmud Tells Me So!” Click Here

And: “Judaism’s Strange Gods” – Interview With Michael Hoffman Click Here

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Jun 16

Greece

“Lehman Weekend” Looms For Greece As Europe Readies “Emergency” Sunday Meeting (ZeroHedge, June 16, 2015):

Last week, Greek PM Alexis Tsipras submitted two three-page proposals that were ostensibly designed to close the gap with creditors. EU officials were incredulous, calling the drafts “not serious.”

Tsipras had effectively resubmitted Greece’s previous proposal (i.e. a proposal that did not include concessions on a VAT hike or pension cuts) only this time, he included a second document that outlined how Athens hoped to tap leftover bank recap funds from the EFSF and bailout money from the ESM. Greece took that same proposal to Brussels over the weekend and it didn’t fly there either, leaving Europe to wonder just how far Tsipras was willing to go with the brinksmanship. Continue reading »

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Jun 16

Tsipras Slams “Criminal” IMF In Defiant Speech (ZeroHedge, June 16, 2015):

In the wake of reports that Greece could be headed for a “Lehman Weekend” complete with capital controls and an “emergency” Sunday meeting, the headlines are coming fast and furious on Tuesday morning, with Tsipras calling the IMF’s stance “criminal” and Merkel digging in for the worst.

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Jun 15

Draghi Satan

Will The ECB Finally Use The Greek “Nuclear Option” This Wednesdsay? (ZeroHedge, June 15, 2015):

This was not supposed to happen: by now the Greek insolvency “can” should have been kicked, and the Greek government, realizing the money has run out for both the government and the banking system, should have folded to Troika demands, and allow the Troika money to return repaying obligations to the Troika in exchange for more spending cuts.

Instead, the “game theoretical” approach of bluffing until the end, and beyond, has put both countries in a corner from which neither knows how to escape, and with the “final deal deadline” passing this weekend we now have quotes such as this from the EU: Continue reading »

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Jun 14

Tsipras

“Last Chance” Greek Bailout Talks End Without Deal (ZeroHedge, June 14, 2015):

The writing was already on the wall after several EU officials expressed reservations about the feasibility of striking any sort of compromise with Greece’s negotiating team in Brussels on Sunday, and now it’s official. Talks have once again ended with no deal as the Greeks are standing their ground on pension cuts and VAT hikes.

More color from Bloomberg: Continue reading »

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Jun 14

IMFnuland-mccain-tyahnybok


IMF Says It Will Continue Lending To Ukraine Even After A Default, And Why This Is Bad News For Greek Gold (ZeroHedge, June 13, 2015):

With Tsipras’ delegation in Brussels desperate to work out a last minute deal and preserve Greek pension cut “red lines”, not to mention Greece in the Eurozone, it is the IMF which has become the biggest hurdle to getting a deal done because while even the European Commission is ready defer €400 million of cuts in small pensions if Greece reduced military spending by same amount, the IMF promptly scuttled this suggestion according to FAZ.

So as we enter Sunday and what may well be the last possibility to get deal done before the “accidental” Grexit scenario is put in play, we thought our Greek readers would be interested to learn that while Lagarde’s “apolitical” IMF is digging in tooth and nail against giving Greece even the smallest amount of breathing room, the equivalent of half an our of a typical daily Fed POMO notional amount, yesterday the same Lagarde said that the IMF “could lend to Ukraine even if Ukraine determines it cannot service its debt.Continue reading »

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Jun 11

IMF Crushes Greek Deal Hopes, Says “No Progress Made”, Halts Talks After Major Differences Remain (ZeroHedge, June 11, 2015):

And just like that we are back to the rumor drawing board.

IMF’S RICE SAYS NO PROGRESS MADE TOWARD DEAL WITH GREECE, IMF HAS MAJOR DIFFERENCES WITH GREECE IN KEY AREAS: SPOKESMAN
IMF’S TECHNICAL TEAM ON GREECE HAS LEFT BRUSSELS, RICE SAYS

But “two Bloomberg sources” said yesterday a deal was almost assured. What gives?

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