Greece shocks markets with referendum on austerity

[Jacob]

I just want to say that the outgoing chief of the Greek Army had a great name for his position: Fragkos Fragkoulis

[Sheilbh]

Wait they just replaced the military high command?  Fear of a coup?

That's it according to Channel 4 News.  Apparently G-Pap may not last this cabinet meeting and the Greeks could be heading to an election this evening.

[Tamas]

God damn, will the military guys just leave quietly?

Should I keep my DAX short overnight? 

[alfred russel]

God damn, will the military guys just leave quietly?

Should I keep my DAX short overnight? 

What options do they have? Who would seriously consider a coup in Greece, when it means you have to run Greece right now?

[Sheilbh]

God damn, will the military guys just leave quietly?

Channel 4 News again's just said that apparently the Greek government was worried about there being a 'state within a state'.  The Cypriot-British economics Nobel prize winner Christopher Pissaridies was being interviewed and did openly worry about a coup saying this is the sort of situation that historically caused them

Apparently an opposition politician asked the Italian President to appoint a new Berlusconi-less government before the G20 in Cannes and President Napolitano was just on Italian TV saying he's considered dismissing the government but doesn't think the time is right at the moment.  Don't know what's going on there

[Tamas]

God damn, will the military guys just leave quietly?

Channel 4 News again's just said that apparently the Greek government was worried about there being a 'state within a state'.  The Cypriot-British economics Nobel prize winner Christopher Pissaridies was being interviewed and did openly worry about a coup saying this is the sort of situation that historically caused them

Apparently an opposition politician asked the Italian President to appoint a new Berlusconi-less government before the G20 in Cannes and President Napolitano was just on Italian TV saying he's considered dismissing the government but doesn't think the time is right at the moment.  Don't know what's going on there

just wtf

[MadImmortalMan]

Now the referendum is back on.

[Habsburg]

I nominate Italy. They deserve a chance to do it right this time.

Good Gods no.  Italy is the reason anyone is bailing out/paying attention to Greece to start. 

[Valmy]

Now the referendum is back on.

That thing opposite of Nika.

[Crazy_Ivan80]

Now the referendum is back on.

is greece trying to play the markets? get them down to buy, raise them to sell.... 

[MadImmortalMan]

Now the referendum is back on.

is greece trying to play the markets? get them down to buy, raise them to sell.... 

It sure as hell looks that way. G-Pap padding his nest egg because his career is about to end.

[Admiral Yi]

Personally I think a referendum is a great idea.  Accepting the deal and not accepting the deal are both going to have terrible consequences.  With a referendum you mitigate a stab in the back myth.

[citizen k]

Is the Rothschild Banking Monopoly Finally about to Be Dismantled?

Benjamin Fulford, 10-31-2011
http://benjaminfulford.typepad.com/

The situation in Europe is making it clear to all but the most brainwashed that something historical is taking place. What is happening is that the criminal element at the very top of the Western power structure, especially at the very top of the financial system, has been cut off from their money printing machine. As a result, the IMF and the major European and US money center banks are insolvent. No amount of lying or paper shuffling or propaganda is going to hide this fundamental truth. The governments of Greece, Ireland, Portugal, Italy etc. know that the debts they supposedly owe to bankers were created through fraudulent book entries and thus do not have to be repaid. That is why the banks suddenly announced that Greece only had to pay back 50% of their debt even though such a write off would destroy them. They are hoping for a tax payer bail-out that is just not going to happen. It is game over. The Rothschild banking nightmare is ending.
Even the highly brainwashed priesthood known as Western financial gurus and journalists are starting to realize that something is not right. The big announcement by European governments of a "solution" to the Greek and Euro crises is a case in point. If you analyze the announcement you realize that essentially the banks and governments are saying the banks will pay for 50% of the Greek debt with money they do not have. The governments say they will pay for it by "leveraging" the money they already have. They do not say who is going to be dumb enough to finance a bankrupt gambler who wants to quadruple his risk.
Please note that as soon as the "solution" to the crisis was announced, high level begging missions were sent to Asia, including French President Sarkozy. Why would they need to go to Asia to ask for money if they had come up with a solution?
The IMF, supposedly the world's "lender of last resort" is also continuing to admit they have no money. The reason is that the IMF itself cannot prove that its money comes from legitimate sources.
The fact of the matter is that the criminal part of the world's financial system is falling apart. The IMF will soon cease to be solvent. The same is true of the World Bank. The BIS is also in trouble. In fact, the entire Rothschild banking monopoly is in deep trouble.
The freeze of "trading platforms" remains in place, meaning that the controllers of the fiat system can no longer pump new money into the system. The best they can do is reshuffle money that is already in the system. New money will only start entering the global financial system once the new asset-backed system is in place.
"The IMF and the World Bank existed to force the Rothschild banking system on the countries of the world," is how an extremely senior Chinese official explained the situation. "Our goal is to reboot the system, to start over and set all the parameters in a fair way so that all countries benefit from the pooled assets of the people of the world and not just Europe and North America," he continued.
The original system was meant to have been run by the Swiss and protected by the Americans, he continued. "The basic failure was that the system of checks and balances failed and the people who were supposed to protect the system ended up abusing it," he added.
What is now going to happen is that the 100 countries that have so far joined the new system started in Monaco in August, are going to implement the new system in four stages, according to a White Dragon Society source. The US military and agencies will be involved in this process right from the beginning, he added. Efforts to intimidate generals by using corrupt institutions like the IRS to try to repossess their homes will backfire and lead to criminal prosecutions.

[HVC]

Grallon?

[Admiral Yi]

That report would be a lot more credible if the reporter had gotten his unnamed White Dragon Society source to go on the record.