Tag Archives: germany

UPDATE: BANK HOLIDAY “OUT OF MONEY” – GREEK WARRIORS TO PICK UP THEIR DEAD

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UPDATE: The ultimate in humiliation is upon the Greeks as the banks have closed their doors. The socialist scheme which exists today has done its job. In a capricious manner they have succeeded in their quest which is to bring the country to heel. The depression vortex is now in full spin, sucking what little is left of Greece’s life blood. We congratulate Germany and France who were steadfast in their demands for reform. They did not cave and we applaud that.

Flag of Greece The son of Zeus and Hera according to Greek mythology, Ares the God of war in the reincarnation of Tsipras, will be paying homage to the European Central Bank (ECB), on Monday, not appearing with stern posture, but from a kneeling position, like the beggar often seen on the streets of Tijuana decades ago.  This will represent the final humiliation to once was a proud country, but now is no more worthy than a rogue pencil seller newhavenpeoplewho squandered life’s chances. It had to end this way, thieves and cheats are not be trusted.

The string has played out, hair dressers retiring at 40 years old with full pension is all you have to know to realize how the European creditors, mainly Germany, have been raped. Enough is enough, the time has come to let them eat cake, but primarily sleep in the bed they made. When a country has the audacity to threaten others for no good reason as Greece has; yes they have demanded that Germany pay war reparations from WWII although this has been a settled decades ago. The U.S. too is on the hook for $15 to $20 billion.

The Greeks are queuing up at the ATM’s like hungry rats feasting on a block of cheese. Monday will most likely be one of many of the bank holidays to come. Look for capital controls, they are necessary to stem the flow of cash from the socialist coffers. Experts expect the Greeks to issue their own currency, the drachma, in a matter of weeks. Of course this will do nothing, but burnish our expectation of massive inflation, unemployment leading to a Venezuela type catastrophe. Poverty for all will result. The thinking is that exports will boom, but what exports?

We toast Tsipras raise our shot glass filled with a shot of Ouzo. Καλό ταξίδι (Kaló taksídi!)

THE ONGOING GREEK TRAGEDY

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Greece is an on again off again news story. From the depths of despair to the heights of frivolity, Greeks have led the good life, the dolce vita, on other peoples money; 2009 they hit the proverbial wall, no where to turn to. If it weren’t for them being in the Euro, they would be Argentina. Although the Germans came to the rescue, the Greeks spit in their face.

However, the Hellinistic nation hasn’t been able to accept their austerity fate, they are rising in protest. Can you imagine a bunch of swine squealing because their trough is only half full, well the Greeks are. For them a slimming of the waste line is not in the cards. The recent strike has brought public transportation to a standstill.

Labor unions called the strike to protest continued austerity measures as Greece struggles to emerge from a financial crisis that wiped out a quarter of the country’s economy and sent unemployment soaring to 26 per cent. Youth unemployment reached nearly 60 per cent during the crisis, which began in late 2009 after years of profligate government spending and lax fiscal management.

The economy is still in shatters, exports are down except for the trouble they continue to thrust upon the continent.