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Page added on June 29, 2011
Extortion goes Global
I want you to read carefully the attached article ‘World Economy at stake in Greek austerity vote.
It should give you an idea the ends to which a certain species will go to preserve itself and its masters.
Read and marvel at the audacity of the threats from this trough feeding maggots known as bureaucrats.
“There are decisive moments and the coming hours will be decisive, crucial for the Greek people, but also for the eurozone and the stability of the world economy,” EU president Herman Van Rompuy told the European parliament.
Next check out this Van Rompuy cat. Careful now as this ‘maverick thinker is a real possibility to be the next yes man chairman of the World Bank or a major Wall St. firm.
Prodding Greek politicians to “take their responsibilities,” Van Rompuy said “the more unanimity there is, the more unity there is, the better for the people of Greece and our future.”
Not to be outdone water boy Olli Rehn is up to bat next…
European Union economic affairs commissioner Olli Rehn said Greece was facing a “critical juncture,” and that “both the future of the country and financial stability in Europe are at stake.
“I trust that the Greek political leaders are fully aware of the responsibility that lies on their shoulders to avoid default,” he said.
“The only way to avoid immediate default is for Parliament to endorse the revised economic programme.”
Translation: accept my banking master’s extortion terms or else. He then seamlessly goes from extortion mode to liar mode with his quote there is no plan B. It is in his DNA which makes him a perfect candidate for the IMF.
A high-ranking European official, speaking on condition of anonymity, has said that a Plan B was in the works, stressing that “the next step is not a default of Greece.”
Wait a minute! I thought Olli said there was no plan B. Sunnava……
You have to marvel at this species of trough feeder. Self preservation, up for sale to the highest bidder and the ability to convert food into shit are about their only traits
I caught a piece from Mohammed El-Erian yesterday (hat tip to Mish). I want to say that I have taken him to task for his role at the Harvard Endowment pre-blowup something that none of the boobs and boobs in chairs at CNBC wants or has the onions to question him about. I like his calm demeanor. He is a refreshing change to douche bags like David ‘investing is easy’ Tepper if there is such a thing on Wall St.
Having said this, El-Erian is not immune from the same disease infecting so many across the globe. Tow the party line to keep the global ponzi scheme alive. Every opportunity you have remind the sheep that its more heroin (more debt) or bust. El-Erian was out in full propaganda mode as evidenced by the piece El-Erian Says U.S. Debt Default Might Have ‘Catatrophic’ Effect.
Yes martial law if we do not raise the debt ceiling, tanks in the streets, no Doritos and Pepsi on supermarket shelves, complete armageddon if any debtor does not accept the terms of the bankers.
Housekeeping notes;
I was stopped out last week of LULU at @ 105.25 for a loss of about 2.5 pts on 1 unit.
Good speculating to you all and please remember to never forget that “an investor is a speculator who made a mistake and will not admit it”.
3 Comments on "Extortion goes Global"
pike on Wed, 29th Jun 2011 9:11 pm
Greeks are being punished for spending more than they earn. This will happen to the USA in the end.
EOTWAWKI on Wed, 29th Jun 2011 9:38 pm
So if every country in the world with a massive debt – which is most of them – just shrugs and refuses to make any more payments on it, so what? So they won’t be able to borrow any more money? So what? They are past the point where the carrot of more loans is bigger than the stick of having to pay back what you have already borrowed. Who loses? China? A lot of banks? Millionaires and billionaires? Well boo hoo hoo.
EOTWAWKI on Sun, 3rd Jul 2011 12:13 am
“Greeks are being punished for spending more than they earn. This will happen to the USA in the end.”
No, they are being punished for not taxing their wealthy people enough to pay for a functioning society. But you are right on the last point – this will happen to the US too.