GREECE

6 Years Later the PIIGS and Europe Still Wallow in Bear Markets

by John Galt July 31, 2016 10:00 ET Everything is great. All is quiet on the Western Front, Eastern Front, and Main Street economies with sluggish growth but new all time highs in key equity markets promoted for television purposes. The problems in Portugal, Ireland, Italy, Greece, and Spain are solved because CNBCCNNFBNFNCBBG does not want to cover them on a daily basis. Hence it’s all awesome: Right? Despite the fact that the over indebted United States has managed to hyperinflate its way into a new all time high in equity…


Greece Reminds Us: The PIIGS Crisis Is Not Dead

by John Galt June 2, 2016 20:45 ET While America slumbers in its own porkfest of Federal Reserve provided phony money, the European Union is attempting in a very desperate manner to bury the pork vampire from hell formerly known as the “PIIGS.” Unfortunately for Brussels, this fat little piggy just will not die. From the Greek newspaper, Ekathimerini: Greek bond yields climb Greek government bond yields rose on Thursday after the European Central Bank said it would take no decision on whether to reinstate a cheap funding lifeline to Athens…


Meanwhile, back in the “Solved” Nation of Greece

by John Galt November 5, 2015 20:10 ET The Athens Stock Exchange crashed again and no one has noticed. After the apparently rigged elections earlier this year the smart money began liquidating it’s positions in Greece and taking their Euros back home to Berlin and Brussels as the economy is now imploding further as the financial system starts to crater worse than when the crisis began.  The chart above reflects the Athens SE getting ready to retest it’s 1990 lows; not recent lows, it’s 1990 LOWS! From the International Business Times…


08.24 Asian, Europe, US Deathburger Marketwatch: MOAD or a Grilled Cheese Sandwich?

by John Galt August 23, 2015 21:45 ET UPDATED 22:10 ET: Just because: Ouch. Meanwhile in Singapore, down another 2.5% to start the day: UPDATED 21:50 ET: It’s officially a bloodbath. Brent North Sea Crude has broken $45 per bbl for the first time since 2009: The Shanghai SSE is down over 5% on the open: Hong Kong Hang Seng Index down almost 4%: And I have not even gotten to the secondary markets yet like Thailand, Vietnam, etc. Monday could still well be Bloody Monday on Wall Street. Stay tuned!…


Another non-Chinese Oops: Germany Raises Objections to the Greek Bailout

by John Galt August 12, 2015 20: 35 ET Good thing the Euro-crisis is resolved, right? Uh, no. From the Financial Times earlier this evening: Germany criticised an outline deal between Athens and its bailout monitors as insufficient, upsetting eurozone attempts to smooth the way to a new €85bn rescue for Greece. Germany’s finance ministry outlined its objections in a paper circulated to its eurozone counterparts just hours before the Greek parliament was due to debate on Wednesday the painful austerity and reform package that had been reluctantly accepted by the…


Greek Stock Exchange is Finally Open Promptly Crashes over 20%

by John Galt August 3, 2015 05:00 ET Now this is how you crash when a stock market opens: Since the open there has been some dead gyro bounce as some crazy fools are trying to buy some issues in a totally bankrupt nation and illiquid stock market  but reality is that this will be without a doubt the most volatile market in the world for some time. Of course they still have time to adopt the ECB/PBOC/Fed model of rigging their markets completely so the day could still end up…


All the Recent Economic Doom Videos Which will Make You Cry like a Bitch

by John Galt July 27, 2015 18:00 ET   From CNBC this morning, Marc Faber this morning calls for a 20-40% decline in equities as a realistic possibility: But before that he warns, as I have, about the lack of demand for commodities causing the crash in prices (CNBC also): Gerald Celente supports Faber’s warnings in his Global Trends update via video on July 23rd: Mish Shedlock confirms that the collapse is coming in this interview via the X22 Report via YouTube: Meanwhile, CNBC had technician Carter Worth on today with…



07.15 Live Video of Greek Parliamentary Debate on EU Demands with English Translation

by John Galt July 15, 2015 17:40 ET Needless to say, this is not entertaining but pathetic. The Syriza and Pasok party politicians are raging at each other over the European Union’s bailout program while the streets are on fire outside the building with protesters clashing with riot police. The outcome is pretty much a given but stranger things have happened in this government… Video courtesy of The Press Project via YouTube:


Full Statement of Eurosummit Agreement with Greece 7/13/2015

by John Galt July 13, 2015 05:25 ET Upon reading this document it would appear that the only thing Tsipras did not do was give away any property to German banks as this bailout is worse than what was voted down and basically turns 25% or more of the economy over to the “Troika” including strict capital controls which will restrict the activities of the Greek banking system. All this only to surrender and become a Germanic colony. It is sad. Full text of the statement here: 20150712 Eurosummit Statement Greece



07.12-07.13 Deathburger Marketwatch: Greece fires and Chinese CONfusion means Disaster for Investors

by John Galt July 12, 2015 16:45 ET It is going to be one of those nights. Here is your Euro quote from just a short while ago, courtesy of NetDania: Yeah, the traders appear to agree with me. There is no way Greece surrenders to Germany AGAIN! More to follow as this is going to be one of THOSE nights for sure. Time to go fold up the ground beef and fire up the grill…. 19:15 ET UPDATE – Oh What a Night! A perfect song for tonight…   And…


07.10 20:30 ET: Greek Parliament Votes for Eurobankster Bailout; Syriza sees Defections

by John Galt July 10, 2015 20:30 ET The vote has carried the day as reported by Greek media and SkyNews Australia tonight: With this vote however, comes a price. Odds are Tsipras realizes he has no support from the other parties for his actions and negotiations nor will he have any ability to govern in the weeks ahead as the plan is voted on by the European Union and various EU member parliaments in the week ahead. Hence, look for a resignation and probable call for new elections in the…



07.08 DEATHGYRO Marketwatch: CHINA CRASHES AT THE OPEN (21:45 Update)

by John Galt July 7, 2015 21:20 ET Uh oh, here we go again as the Deathburger has now mutated into a Deathgyro with the deadline extended until Sunday night for a Greek deal and rumors all over the internet that the deal the Greek Prime Minister will submit tomorrow is a non-starter even though no one has seen it. Thus the media has stories warning like this one from Ambrose Evan-Pritchard’s excellent piece in the UK Telegraph where he reports the following: “They were trying to strangle us into submission,…


Greece Isn’t the Problem and the International Bankers Know It

by John Galt July 6, 2015 05:20 ET This morning the so-called Greece crisis has entered its final phase and the futures markets reflect this at about 5 a.m. Eastern Time: (courtesy of FINVIZ.com) The Greek government has won the support of the people to take whatever course of action is necessary and the world appears to be wringing its collective bankster hands that this is the “big one” and the Ponzi scheme known as print and pray is about to come to an end with a small nation threatening to…


The Grexit Threat Accelerates next Week with Tsipras Meeting Putin in Moscow

By John Galt April 5, 2015 18:00 ET While the European Union continues its tizzy over the possible threat of the colony formerly known as Greece daring to do what is best for its own people, the Greek Prime Minister is preparing an exit strategy by looking east to the future alternative to the ECB/Fed/BoE/IMF monopoly on emerging economies and debtor nations. As the Russians and Chinese prepare to surprise the West with the AIIB, Greece looks to hitch its star to Moscow as a viable alternative to the idiocy known…


Fitch Continues the Downgrade Parade Reduces Greece to Junk Status Down to CCC

by John Galt March 28, 2015 09:00 ET In preparation for the impending Grexit, Fitch has decided to downgrade Greece further into junk status by reducing the rating on their credit quality to ‘CCC’.  From the Greek Newspaper Ekathimerini: Fitch downgrades Greece amid bailout uncertainty (excerpted) Ratings agency Fitch has downgraded Greeces sovereign rating amid growing uncertainty over the new government’s pledge to overhaul reforms needed to restart bailout loan payments and avoid default. The agency late on Friday said it had lowered the country’s rating deeper into non-investment grade status…


First Greece, next up Cyprus as Opposition Parties want to Renegotiate EU Bailout

by John Galt February 21, 15:25 ET The tentative deal struck with Greece and the European Union has opened the very can of worms that the German government was concerned about: The rest of the PIIGS nations wanting new deals also. While this is not totally unexpected, the veracity of the statements from Greece and threat of a Grexit could indeed leave the EU open for demands of reform to the deals that Ireland, Portugal, Spain, and now Cyprus had imposed by the central banksters. From the Cyprus Mail today: Greek…


Insanity: Ford Motor Expanding Operations in the Bankrupt Nation of Spain

by John Galt February 5, 2015 21:30 ET As the European Union, the financial media zipperheads on cable TV and in print, along with the mainstream media continues to refuse or understand the difference between an “inability to currently pay debts” and “insolvency” this little tidbit floated across my Twitter feed from none other than the United States version of the old Soviet Pravda, the New York Times: Ford Expands Operations in Spain for Export Business So the thinking is that because wages are depressed under orders from the European Central…


As the Grexit heated up, Turkish and Greek Fighter Jets engaged in Mock Dogfights

by John Galt January 25, 2015 20:55 ET While the United States and European Union huff and puff via the IMF and ECB over the impending Greek exit from the European Union (Grexit), tensions have quietly heated up between two long time NATO members who are antagonists of all non-Balkan members in their own right. From the Greek newspaper Kathimerini on January 20th: Greek and Turkish fighter jets engage in Aegean dogfights Greek and Turkish fighter jets were involved in a mock dogfight over the Aegean on Tuesday in the first…


01.25 US Equity Futures, Euro Open Lower with Grexit Facing the Markets

by John Galt January 25, 2015 18:30 ET This is what happens when central banksters have what they do to taxpayers done to them. In this case, Greece appears set to flip off the thugs with the Syriza victory and shift back to the real Marxist model leaving Western banking cartels to eat dust or raise taxes on their own middle classes (again) to cover losses. All charts from Finviz.com: Dow futures are pretty ugly and have not recovered much since the screen shot above now indicating a 97 point decline….


Russia Drastically Cuts Natural Gas to Europe as Military Offensive against Ukraine Begins

by John Galt January 14, 2015 21:10 ET As America sleeps in the fog of reality television and sports aplenty, the reality of geopolitical ignorance is about to be slammed home by the actions of Russia against the Ukraine and America’s allies in Europe. On Sunday night, January 11th, a major barrage was launched on the Donetsk Airport in the Eastern Ukraine by pro-Russian forces according to numerous Ukrainian news sources and independent bloggers. The following video from RT/Ruptly via TheInterpreter tells the tale of the initial ferocity of what was…


08.08.14 TEOTWAWKI Radio Show: Natty B and John G discuss Ebola, Economics, and Wars Everywhere

by John Galt August 8 2014 20:15 ET Natty Bumppo (Bobby from Just Measures) is going to join me on the air tonight to talk about the following: Hamsters Iraq Ebola Iran Israel Hamas Russia Ukraine War Japan China Embargoes Gold Silver Worldwide Stock Markets China Japan OR maybe just smoke cigars and shoot the breeze as we watch the world burn. To listen click on the link below at 9 pm ET which for those of you who voted for Obama is 8 pm CT, 7 pm MT, and 6…


The IMF and Central Bankers have Killed More Men in Greece than Russia in the Ukraine

by John Galt April 21, 2014 23:00 ET The United States and European Union would have everyone believe that Slavic invaders from the East have slaughtered thousands of Ukrainians and are now in the process of taking over the country by marching over their dead bodies; using echoes of the genocide the very same progressives in the West refused to acknowledge in the 1930’s. However, the truth about the bankster based genocide, the one that American newspapers as well as those of the usual liberal British and European press failed to…


The 2 Hour John Galt – Natty Bumppo Inteview via GLPVC

  by John Galt January  31, 2014 19:30 ET To begin with, I must thank Phen, Rags, and the entire GodLike Production staff for allowing me to post this interview with their permission. I revealed a few items that normally I would save for my Friday night program where GLP and the RawFeedLive staff extracted answers I do not think they were prepared for about the economy, geopolitical instability, and of course, the State of the Union that the Kenyan-in-Chief failed to cover. While the Illegal Alien in Chief failed to…


State of the Union January 28, 2014: Who gives a F*#! what the Liars Say

  by John Galt January  28, 2014 19:30 ET To quote a famous African-American athlete, in honor of our racist Kenyan in Chief: “Child Please!” In other words who gives a flying bleep, sideways bleep, or otherwise. The Democrats LIE. The Republicans LIE. The President KILLS AMERICANS, VIOLATES THE CONSTITUTION, AND THEN LIES. So why watch professional Bullcrap artists when the real news is going to be discusses tonight at GLP!?!?!? Tune in to Natty Bumppo and myself as gracious guests for the GLPVC RawFeed Live at 9 pm ET UNCENSORED…


1/24 TEOTWAWKI RADIO SHOW: It’s the Economy, Stupid

by John Galt January  24, 2014 18:00 ET     Well, I was going to talk about maintaining one’s flower bed after Fukushima and the collapse of American society. I guess tonight, events have changed my show subject matter again as there has been a “disturbance” in the force. Mainly a bear sighting. On Wall Street. To listen click on the link below at 9 pm ET which for those of you who voted for Obama is 8 pm CT, 7 pm MT, and 6 pm PT.   Just Measures Radio…


1/10 TEOTWAWKI Radio Show: Live, Loud, and All Bridges are Open

  by John Galt January  10, 2014 05:01 ET Once again, I apologize for last week’s absence but unfortunately for the world my voice is back and that means that I have a lot to say! The economy, the gold hijacking at the Fed, and of course the upcoming stock market crash which is building cause to occur right on schedule some time between February and April. Please join me in the chat room to discuss the day’s events and listen at 9 p.m. ET  at the link below: Just Measures…



FRIDAY THE 13TH TEOTWAWKI Radio Show: The Economic Survival Show for 2014

December 13, 2013 16:00 By John Galt As this Friday the 13th show of horrors sneaks into reality, then comes the disaster known as 2014 and a new series of economic mistakes which will destroy your future, America’s current mythological bull market, and leave politicians and banksters crying for rescue once again. Or they banksters might just say, send out the tanks to the streets this time. Please join me in the chat room to discuss the day’s events and listen at 9 p.m. ET  at the link below:   Just…


Greece Update: Bomb Attacks on Judges, Need for more Bailouts and Layoffs

  by John Galt September  3, 2013 20:00 ET The long forgotten Greek crisis, unless of course one lives there as it is forgotten by the British and American press, is now starting to bubble up with this story from the Greek website Ekathimerini catching my eye along with a few others about the continue severity of the situation: Group claims prosecutor bomb The guerrilla organization Conspiracy of the Cells of Fire and the Greek arm of the Informal Anarchist Federation (FAI) on Tuesday claimed responsibility for a letter bomb that…


The Spanish Banking Crisis is far from over with €36 Billion in Non-Recoverable Losses

  by John Galt August  4, 2013 11:45 ET (chart from CountryEconomy.com) Despite a modest recovery in the Spanish stock market and bond yields since the great crash of the banking system, things are not what they seem, much like what is occurring in the background of the U.S. markets. The Spanish newspaper El Pais highlighted this problem in the following story this morning: Bank bailout fund admits losses have reached 36 billion euros The secondary headline is far worse though: FROB reveals it has lost almost all of the 52…


Greece Fails to Reach Agreement with Troika Representatives on Reforms (Again)

  by John Galt July 4, 2013 08:05 ET This morning the European Union representatives left a meeting with the Greek government representative Mitsotakis, with no final agreement on government reforms as mandated by the aid agreement. This could create further problems for the Greek government as the deadline approaches and threats from the IMF plus EU about reducing or cutting off aid approaches. The story from Ekathimerini in Greece tells of the failure but not of the consequences should no agreement be reached tomorrow: No ‘final agreement’ in Mitsotakis meeting…


The PIIGS plus Cyprus are Back in the News

  by John Galt July 3, 2013 05:45 ET   What a bloodbath in Portuguese markets this morning!   (chart from Bloomberg.com) The political crisis there pales compared to Greece as the EU has given a 3 day deadline for the Greek government to get back into compliance with their bailout agreement or there will be consequences. (chart from Bloomberg.com) Of course the PIIGS are limited to having only 5 official members so Cyprus is just the plus one so far (unless of course one considers Croatia as 1a and Hungary…


At 10:30 a.m. ET All Hell Could Break Loose in our Stock Markets

  by John Galt July 3, 2013 05:00 ET The reports starting to emanate from Egypt could have a huge impact on trading this morning with equity futures already indicating a negative opening and the NYSE closing at 1 p.m. on a holiday shortened trading session. The first report about the actions starting within Egypt by the military is via Ynet News out of Israel: Report: Muslim Brotherhood officials under house arrest Egypt’s Al-Ahram newspaper reported that Muslim Brotherhood senior officials have been placed under house arrest and the group’s funds…


4/9 AEP: Greece may ask for €162 Billion in War Reparations from Germany!

  by John Galt April 9, 2013 22:50 EDT The strange world of European Union disunity continues to rear its ugly head and the long but not forgotten nation of Greece appears to be preparing to make a blockbuster claim against the nation of Germany for €162 BILLION in war reparations from Germany for World War I and World War II damages. In an article by Ambrose Evans Pritchard via the UK Telegraph this afternoon he states the following: The document – stamped “Aporito”, or secret – was drafted by a…


Slovenia is the Next Crisis for the Dysfunctional European Union

  by John Galt March 27, 2013 22:30 ET  Bloomberg started the Slovenia hit parade not even within a day of the “resolution” to the Cyprus crisis with this article: Slovenia’s New Cabinet Under Pressure to Avoid Cyprus Fate How bad is it? Their banks need upwards of €3 billion plus with an immediate need for liquidity for their banking system of €1 billion. Of course the European Union doesn’t realize that the more matches they flick on the Balkan powder keg, the more likely it will eventually blow up in…


Cyprus Update: The EU Took €100 Million from the Greek Orthodox Church

  by John Galt March 26, 2013 20:45 ET If anyone is under the delusion that the seizure of individual and business accounts from the banks of collapsed nation is where the evil and corruption will stop, here’s a shock for the readers courtesy of the Cyprus Mail: Church says it will lose €100m This so-called “bail-in” designed only to protect the hedge funds of the European and British money center banks scalped the one entity which could help the poor during the nations transition from quasi-capitalism to European serf state….


Perhaps Cyprus should call 1-800-ICE-LAND

  by John Galt March 24, 2013 20:30 ET   As of just about 40 minutes ago, it would appear that the European Union has imposed another deal on the tiny island nation of Cyprus. There will be more details forthcoming but in the end, the European hedge funds and banksters will wrestle control of the sovereignty of another nation away from its people as they have in Greece, Ireland, Italy, and Spain. The obvious alternative for the people of Cyprus to indeed become the next Switzerland of the European continent…


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