Posted on 07/05/2015 9:10:39 PM PDT by catnipman
"If necessary, we will issue parallel liquidity and California-style IOU's, in an electronic form. We should have done it a week ago," said Yanis Varoufakis, the finance minister.
...
Syriza sources say the Greek ministry of finance is examining options to take direct control of the banking system
...
They want a new team installed, one that is willing to draw on the central bank's secret reserves, and to take the provocative step in extremis of creating euros.
"We have to restore stability to the system, with or without the help of the ECB. We have the capacity to print €20 notes," said one.
...
(Excerpt) Read more at telegraph.co.uk ...
The more I think about this, the more I think Syriza (actual Communists for all practical purposes) is deliberately fostering complete financial chaos as an excuse to seize total power in Greece, all the while using the "evil" Europeans as their excuse for "giving them no other alternative" but to establish a Communist dictatorship.
later
Wish they all could be California,
Wish they all could be California,
Wish they all could be California, IOU’s.
Sorry, that just came out.
Folks in Greece are in real danger. Sounds scary.
Someone here was saying the Nazis seized their gold assets way back and they never recovered after that.
Any truth to that?
They seem to be trying to cater to the Communists, let them I say. They seem to have forgotten all the ideals of democracy so little is lost.
I always enjoy prose from Ambrose. He has such a way with words.
Sounds a thinly veiled threat that they plan to start counterfeiting euros... Wars have been started over less. That finance minister might be singing a different tune once Interpol starts issuing warrants.
It’s not gold that is the problem, it is worth ethic, rule of law and self discipline that is the Greek problem.
Not only that, but in the Germanic countries it's politically untenable. Merkle would be quickly removed from office at any hint of an unsecured bailout and no reform in Greece.
And it's also certain that Greece will never reform and never be able to pay it's debts nor the diminished interest on them.
There's no other answer besides cut them lose and let the chips fall where they may.
Well, that's an interesting statement. Is California's financial foolishness so well known that the state is now a model for failed nations everywhere?
Had almost forgotten about that - http://money.cnn.com/2009/07/02/news/economy/California_IOUs/
My main question is how does the US taxpayer ultimately foot the bill here?
I know it sounds crazy, but if the Greeks refuse to pay money they owe to the EU, somehow to NWO, that makes it the responsibility of America.
Just watch.
The EU said ‘give back your entitlements’, to which the Greeks replied ‘Molon Labe!’ We know how that turned out last time...
“I always enjoy prose from Ambrose. He has such a way with words.”
Ambrose also digs up the juiciest tidbits. He must have a remarkable network of sources and informants.
I like to watch Joe Kenda, the homicide hunter. He said usually people commit murder over women, revenge, or money. I suppose major wars could happen over money like this. I think counterfeiting Euros would probably not be a good idea for them.
SOCIALISM’S GREEK STARING CONTEST
The day will come when America faces its own inner Greece.
http://www.frontpagemag.com/fpm/259360/socialisms-greek-staring-contest
You're most likely correct. But I think they should go for it anyway. Everyone involved in this whole debacle has been acting foolishly. There is no good reason for the Greeks to break from that pattern now.
Looks like they’re asking for sanctions and a blockade.
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