The Opening Stages of Global Conflict

Great title eh? In lieu of actual content today, here’s something worth your time. Via Kerodin:

The situation is becoming, in the minds of the average Greek, Us versus Them…as such matters always devolve when push comes to shove. People fall back to Tribe.

The Greek national Police Union is now threatening to arrest IMF and EU officials for blackmail and other crimes against the Greek people.

Good on the Greeks.

I have respect for any people, even people I must put in the category of Enemies, who have FU in their DNA. (I do not consider the Greeks enemies, at all. They are Socialists, but the Banksters knew that when they loaned the money…)

We are watching the opening days of our next global war, folks.

Original Zerohedge here:

In a letter obtained by Reuters on Friday, the Federation of Greek Police accused the officials of “…blackmail, covertly abolishing or eroding democracy and national sovereignty” and said one target of its warrants would be the IMF’s top official for Greece, Poul Thomsen.

The threat is largely symbolic since legal experts say a judge must first authorize such warrants, but it shows the depth of anger against foreign lenders who have demanded drastic wage and pension cuts in exchange for funds to keep Greece afloat.

The bankers want their pound of flesh with interest. No bankruptcy for you! Indebted servitude for eternity! Cue maniacal laughter.

I say they show ’em Iceland Part II -The Sequel.

 

 

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Just Make it Up On Volume

Shipping rates go negative via Zerohedge.

Fuel costs go higher, markets are saturated, and credit is stagnant.

Here is an awesome (though very long & detailed) article talking about what we, as in America, still manufacture.

What I want to talk about are the things we don’t make here. Simple things like ball bearings, integrated circuits, electric motors, batteries, and auto parts (excluding of course fuel injectors). Not to mention, plasticware, disposable consumer goods, and chemical components to everyday items like shampoo and toothpaste.

How long to tool up and get that back? Can your wallet survive that production ramp up? Will there be another manufacturing base with cheap labor to fill the hole left by the allusion of China’s growing middle class? Africa you say? Uh, huh. I have land for sale if that’s your answer.

The king’s (see bankers) continuous search for cheaper labor might have finally hit a roadblock kids. This might be the last hurrah for that schtick.

Collapse: War as the other hand moves

Go read this bit by Kerodin.

Here is the Silicon Greybeard post referenced in the bottom.

China is a myth. At it’s core, this statement rings true:

I have held for a long time that the rise of China is a Zero Sum game, slightly modified: Every dollar they earn is a direct result of American policies.  The day America chooses to gut the Chinese, it is a simple matter of closing the ports to her imports.

A little pain here…and an E.L.E. in China (Extinction Level Event).

Better believe it Suzi. You can wax poetically all you want about the new Chinese century, and how wealth is shifting east, and I will still echo the concept above. America holds all the cards here, sovereign debt or not.

With regard to war in Europe though. It has been made abundantly clear that the people on the EU have no intention of shrugging off their banking masters’ chains. Berlusconi & Greek Papa-whatever’s resignations are clear signs that the ruling class is still very much calling the shots and running the show.

More Cracks in the Facade: Banker Doom

One has to laugh a little here.

Either the YesMen have infiltrated Italy’s biggest, and most undercapitalied, bank, or the stress of constant, repeated lying and prevarication has finally gotten to the very people who know their livelihoods hang by a thread, and the second the great ponzi is unwound their jobs, careers, and entire way of life will be gone.

Here’s why:

Europe’s common currency is virtually dead. The euro’s doomed situation. The only open question now is, that European governments and the European Central Bank’s desperate rearguard action even number of days to keep the spirit in Greece. For the moment, when Athens is declared bankrupt, a “10 magnitude” earthquake will shake Europe, which will be the overture to a whole new era in the life of the old continent.

Indeed, Greece is not only bankruptcy will mean that the Greek government securities holders did not get back their money invested, but also to the interior of the state will not be able to meet its debts.

From the moment only Greek teachers, doctors, police, army, ministry and local government employees will not receive a salary, just as the seniors did not expect nyugdíjukra good time. The ATM is emptied in minutes. The local banks are stuck holding government securities, an immediate liquidity crisis, devaluation of the Greek banking system in total collapse. Thus the savings of depositors is totally wasted because the Greek government deposit insurance or guarantee was now living. Bankkártyájukról since then, not only at home will not be able to withdraw some money, but the world’s only automatájából not. The benzinkutakból run out of fuel, as well as food from the grocery store. Greece is practically a full stop at least a decade of life and dramatic drop in poverty in the country as a whole.

The problem is that in this case, the disaster can not stop at the Greek border, but great speed and momentum tovagy?r?z?dik then the entire euro zone, Europe, and finally shake the world. Channel for the spread of infection, of course, such a scenario would also back the banking system. Indeed, the international banks in Greece suffered hundreds of billions of euros t?kevesztésükön too soon be forced to lock hitelkereteit other banks, which will have to do with a country where – according to investors’ expectations – the Greek thunderbolt strike again.

And when the banks no longer trust each other, not to lend to each other, the international financial markets stop. This in turn means that all financial institutions left alone with clients.

Change is coming.