Also Greece should create a new crypto currency backed up by public assets and give the coin holders a quarterly roi instead of paying off SHOIMBLE. 
Topic: If Greece defaults - page 27. (Read 45224 times)
PIREUS BANK has frozen many poor peep's ninja mortgage loans, EU should do the same like they did for GERMANY after WW2..Give Greece some breathing space, while Greece kicks out all the corrupt DAE RENS and also collect all the hidden taxes from LAGARD LIST. Also Greece should create a new crypto currency backed up by public assets and give the coin holders a quarterly roi instead of paying off SHOIMBLE.
Also Greece should create a new crypto currency backed up by public assets and give the coin holders a quarterly roi instead of paying off SHOIMBLE. They could sell a few of their islands to some other European countries. That would probably be the cleanest exit from trouble.
I imagine that many north european countries would like to buy some sunny islands ...
I imagine that many north european countries would like to buy some sunny islands ...
Their self esteem will take a beating, but life will become manageable.
If they decide to sell islands, even countries like China might be interested.
They could sell a few of their islands to some other European countries. That would probably be the cleanest exit from trouble.
I imagine that many north european countries would like to buy some sunny islands ...
I imagine that many north european countries would like to buy some sunny islands ...
Not a chance Greece will leave the EU or be kicked out, before that happens the EU will bail them out and take control of their finances.
Do you really believe that this is going to be the case? Greece owns a large portion of its debt to the EU, I think that it's been already stated that they won't be erasing any debt. I ask myself what would happen to them if they go back to Greece and for the next 4 months start just spending that money and fulfilling their campaign promises, delaying sell-off of ports, pantheon and so on.
As long as the Troika play along, it will be okay. But they can't risk testing the patience of outsiders for much longer.
I ask myself what would happen to them if they go back to Greece and for the next 4 months start just spending that money and fulfilling their campaign promises, delaying sell-off of ports, pantheon and so on.
Not a chance Greece will leave the EU or be kicked out, before that happens the EU will bail them out and take control of their finances.
I do not believe Greece will be kicked out of EU unless it is the absolute last resort. Greek debts to the EU is not their biggest problem, they have comparatively low rates. Their IMF debt is their greatest concern.
Not a chance Greece will leave the EU or be kicked out, before that happens the EU will bail them out and take control of their finances.
Do you really believe that this is going to be the case? Greece owns a large portion of its debt to the EU, I think that it's been already stated that they won't be erasing any debt. 
Well i`m not sure russia is in shape to invest anything right now, their economy is hit severely by this oil problem. But i might be wrong.
I dont think think they will leave the EU, its much more likely that they will just printe euros for the sake of greece.
The funny thing is that if the dollar is in big trouble now, which it is, the EUR will be strengthened now alot, all that 7 month severe EUR/USD downtrend will be reversed, and the ECB wont like that.
So they will double, triple the 1.6t € QE that is going on, and they will buy the greek bonds with that money. This wont affect the EUR that much, and it wont create much inflation because the money would come from america , and problem could be solved with that.
What do you think? Not a chance Greece will leave the EU or be kicked out, before that happens the EU will bail them out and take control of their finances.
Thats 1 outcome i dont want to see. If they push for centralization and taking over sovereign countries, then they will create an United States of Europe, which is probably their long term goal.
These are cunning globalists who want a 1 world government after all.
And what able minded non-mentally ill person would buy them when they are near the brink of destructiion?
Greece is strategically located in the Balkans, connecting European trade routes with those originating from Asia. Russia and China might be interested in gaining access to the ports and straits in the region. Also, Greece might become an important transit route for the various natural gas pipelines, which are currently in construction (Nabucco and Turkish Stream).
Well i`m not sure russia is in shape to invest anything right now, their economy is hit severely by this oil problem. But i might be wrong.
I dont think think they will leave the EU, its much more likely that they will just printe euros for the sake of greece.
The funny thing is that if the dollar is in big trouble now, which it is, the EUR will be strengthened now alot, all that 7 month severe EUR/USD downtrend will be reversed, and the ECB wont like that.
So they will double, triple the 1.6t € QE that is going on, and they will buy the greek bonds with that money. This wont affect the EUR that much, and it wont create much inflation because the money would come from america , and problem could be solved with that.
What do you think?
They will never ever be able to issue bonds again.
Greece would become a social pariah, not sure if that is what he is looking for.
Greece would become a social pariah, not sure if that is what he is looking for.
I don't think so. Greece will become a pariah for the United States and the European Union. But they will be able to sell their bonds to countries such as China and Russia.
And what able minded non-mentally ill person would buy them when they are near the brink of destructiion?
Are they insolvent ? Yes. Is anyone hanging onto GREEK assets and collateral not damaged ? No.
And what able minded non-mentally ill person would buy them when they are near the brink of destructiion?
Greece is strategically located in the Balkans, connecting European trade routes with those originating from Asia. Russia and China might be interested in gaining access to the ports and straits in the region. Also, Greece might become an important transit route for the various natural gas pipelines, which are currently in construction (Nabucco and Turkish Stream).
They will never ever be able to issue bonds again.
Greece would become a social pariah, not sure if that is what he is looking for.
Greece would become a social pariah, not sure if that is what he is looking for.
I don't think so. Greece will become a pariah for the United States and the European Union. But they will be able to sell their bonds to countries such as China and Russia.
And what able minded non-mentally ill person would buy them when they are near the brink of destructiion?
They will never ever be able to issue bonds again.
Greece would become a social pariah, not sure if that is what he is looking for.
Greece would become a social pariah, not sure if that is what he is looking for.
I don't think so. Greece will become a pariah for the United States and the European Union. But they will be able to sell their bonds to countries such as China and Russia.
If I were Tsipras I would pull a Goldman Sachs and take the last billions out of the Central Bank and lever them up to buy a couple of trillion dollars worth of Euro/$US currency swaps from Deutsche Bank and then very publicly tell the Troika to go fuck themselves.
They will never ever be able to issue bonds again.
Greece would become a social pariah, not sure if that is what he is looking for.
It's looking more and more to me like a new boss, same as the old boss situation. Syriza are merely new wolves in a different sheep's clothing. Given the opportunity, they sell out for "free" money.
Every opposition party is full of hubris and bluster, attacking the current government as being completely incompetent while promising that only they can bring salvation and lead the country to a better tomorrow. Then the opposition becomes the ruling party and they discover talk is cheap. Cycle repeats.
Makes you think about their legitimacy, opposition can easily be controlled opposition by the same tyrants...
It's looking more and more to me like a new boss, same as the old boss situation. Syriza are merely new wolves in a different sheep's clothing. Given the opportunity, they sell out for "free" money.
Every opposition party is full of hubris and bluster, attacking the current government as being completely incompetent while promising that only they can bring salvation and lead the country to a better tomorrow. Then the opposition becomes the ruling party and they discover talk is cheap. Cycle repeats.
Seems to me that they are buying time while they prepare the exit.
I'd guess the conversation in Greece will be like this: "Psst! (whispering) get your money out of the banks while the ECB is providing cash and convert it to Gold and Silver...pass it on!"
I'd guess the conversation in Greece will be like this: "Psst! (whispering) get your money out of the banks while the ECB is providing cash and convert it to Gold and Silver...pass it on!"
The question is, will it be days or weeks, or can the ECB release more money while hiding the fact, thus drag it out a month or two.
The Eurogroup can use force. A crack team of German special forces could go in and cap Tspiras and all his merry men at any time. Or take out their families.
The Troika knows they will never be paid back. Thats OK, becaus government debt is never really paid back.. ever. It really comes down to how fast is it refinanced with new debt. That rate has to be below a certain level to be acceptable.
The ECB will be implementing QE within the next 4 months. There may be an unstated side deal here for the ECB to buy up lots of Greek new issues, especially if there is a market shortage of other Eurozone bonds.
It's so funny that Germany was absolved of its debt after world war two and they owe Greece heaps for war reparations yet Shoimble is always rattling on about how Greece should shape up and pay them off. Greece made the biggest mistake for buying into the EU Dream..Hey Greeks borrow from us money to buy our manufactured goods and we make sure we flatten your economy and force you to stop producing cotton, silk, tobacco and other industries.. Greece's mistake was to live beyond its means and buying into a plethora of foreign goods, now it should Grexit and start afresh.. It shouldn't yield to EU pressure...but this time it has to get rid of all the corrupt politicians and big phat whale tax evaders and educate the young to get to work to repair the damage the previous generations did by being lethargic and borrowing constantly to buy expensive imported goods..
Seems to me that they are buying time while they prepare the exit.
I'd guess the conversation in Greece will be like this: "Psst! (whispering) get your money out of the banks while the ECB is providing cash and convert it to Gold and Silver...pass it on!"
I'd guess the conversation in Greece will be like this: "Psst! (whispering) get your money out of the banks while the ECB is providing cash and convert it to Gold and Silver...pass it on!"
The question is, will it be days or weeks, or can the ECB release more money while hiding the fact, thus drag it out a month or two.
The Eurogroup can use force. A crack team of German special forces could go in and cap Tspiras and all his merry men at any time. Or take out their families.
The Troika knows they will never be paid back. Thats OK, becaus government debt is never really paid back.. ever. It really comes down to how fast is it refinanced with new debt. That rate has to be below a certain level to be acceptable.
The ECB will be implementing QE within the next 4 months. There may be an unstated side deal here for the ECB to buy up lots of Greek new issues, especially if there is a market shortage of other Eurozone bonds.
If Greece defaults:
Jump to: