Knife Control: When You Can’t Impose Gun Control Because There Are No Guns
In Britain where citizens do not have the right to have a gun, violence still takes place using older methods, such as knives. Now, they are asking people to surrender their knives. Next comes sticks and stones. Some people will be violent no matter what weapon they can muster.
ECB & Troika Retaliate Against Greek People
Some readers sent in comments that my use of the phrase “World War III by economic means using the pen” was harsh, so let me state this very clearly. Brussels and the Troika will NEVER back down. To them, the euro is irreversible and they refuse to see that their policies are dead wrong. Proof that this is the conquest of Europe with the pretense of good intentions to eliminate war: you cannot carry out such a noble goal by sheer force. Both Napoleon and Hitler could have said the same thing. Their conquest of Europe was to end war by creating once again the Roman Empire. As they say, the road to hell is paved with good intentions.
The European Central Bank (ECB) protects the bondholders, not the people. The ECB has retaliated against the Greek people and all leaders of member states attest that the euro is irreversible and that there is no rush to negotiate new terms, ignoring the democratic vote of the people. The ECB is now deliberately punishing the Greek people by trying to crush them into the dirt for daring to go against their dream of the conquest of Europe.
The ECB has not just maintained the freeze on the emergency liquidity assistance (ELA) for Greece, it now has taken effectively an act of financial war in a highly contentious move intended to bankrupt the Greeks and their banking system. The ECB has opted to tighten the collateral rules it imposes on lenders to access the lifeline, intensifying the squeeze on the cash-starved banks, which are set to remain closed for another two days.
The ECB has come out and said that the move was based on the deteriorating quality of bank collateral, most of which is made up of Greek government bonds. They said, “The Governing Council decided today to adjust the haircuts on collateral accepted by the Bank of Greece for ELA.”
Who is the greater fool? Greece for staying or the Troika for trying to conquer Europe?
Greece Shuts Down Access to Safe Deposit Boxes
COMMENT:
Hello Martin,
A few minutes ago the deputy Minister of Finance Mrs Olga Valavani said safe deposit boxes will be reserved! Bank officials denied this statement. However, there is a lot of confusion and panic since a lot of people (who unfortunately did not read your blog) have put their cash or coins in the safe deposits.
If you will assist Greece there is hope. If for whatever reason you will not assist, I am afraid that we just entered one of the darkest chapters in our history.
P (Athens)
REPLY: We are giving it our best shot. It is hard to convince someone to stand-up for themselves when everyone thinks in the same normal convention of perpetuating the current system until it collapses. This is a warning to people using safe deposit boxes in banks. The government can simply restrict access. A word to the trusting – BEWARE! That hole in the backyard is starting to look pretty good. Look at it this way. You may at least be leaving behind documented evidence of our financial crisis, just as the Romans did with all their buried hoards from the 3rd century chaos.Berlin WEC Nov 28-29 – Looking into Group Fare Tickets from NYC to Berlin
We are looking into group rates for flights to Berlin from the USA since we have many people interested at this time. We will let you know how our discussions go with the airlines.
Market Talk
The people we have been speaking to in Greece are confused and puzzled as to what will happen next and are anxious to see how things play out over the next couple of days. That said, the morning after feeling is one of great pride and determination to face what comes their way.
Contrary to popular messages, we have not seen queues at all the ATM’s (admittedly, the odd one) but restaurants are happily accepting credit cards, suppliers are honoring contracts, and the mood is almost jubilant.
Today, the view in Athens is that we are one country together, rich or poor, and we face what we face. This has been the common message on the streets. It now appears everyone voted NO, so those who voted YES just do not wish to admit it since you can’t find a YES vote anywhere.
Far too many elites in Brussels are maintaining that the euro is irreversible. This must be expected for without the euro there is no reason for the ECB or Brussels. The promises that there would be no bailouts without repayments are clouding the view to the future and blocking any end to the euro crisis.
Meanwhile, Merkel’s government has said that there is no rush to negotiations on Greek debt for she sees this as a slap in the face. Greece better wake up and realize that they CANNOT deal with Brussels for they will NEVER change their tune until they are dragged out of office, probably by 2017.
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