Baltic Dry Index. 1438 -04
LIR Gold Target by 2019: $30,000. Revised due to QE programs.
There's no time for a lesson in civics, my boy. In the 5th century B.C., the citizens of Athens, having suffered grievously under a tyrant, managed to depose and banish him. However, when he returned after some years, with an army of mercenaries, those same citizens not only opened the gates to him, but stood by while he executed members of the Legal Government.
High Noon. 1952.
It is High Noon. The day the hapless Greek MPs get to vote on debt slavery for their fellow Greeks, just like the hapless Irish MPs before them, or get a little Icelandic backbone, and tell their Berlin, Brussels and Paris based would be overlords to take an Ottoman hike. According to most of the media, modern Greek MPs aren’t made of Icelandic stock, and the MPs will vote through the Bilderberger plan for debt slavery and a fire sale of Greek national assets. Sadly all too soon, Greek hairdressers will have to give up retiring at 50, and slave away like fanatical Germans until they reach 62 or 65, or whatever other age limit Merkel-Sarkozy decide to impose. Who knew, deficits do matter after all. Today’s FT headline sums it all up for the tax and work shy Greeks, “Greece faces suicide vote on austerity”. Below, the EU turns the screw some more.
“The secret of business is to know something nobody else knows”
Aristotle Onassis.
EU commissioner Olli Rehn warns Greek austerity package must be approved
The European Union's top economic official has warned Greek politicians there is "no Plan B" and the austerity package must be approved, regardless of the violent protests rocking Athens.
By Louise Armitstead 7:31AM BST 29 Jun 2011
Ahead of Wednesday's crucial vote on a €28bn (£25bn) austerity package, Olli Rehn, the commissioner responsible for economic and monetary affairs, said: "To those who speculate about other options, let me say this clearly: there is no Plan B to avoid default."
He added: "The future of the country and financial stability in Europe are at stake. I trust that the Greek political leaders are fully aware of the responsibility that lies on their shoulders to avoid default."
More
While we wait for the Greek turkeys to vote in Christmas for French and German banksters, we turn today to some other less reported news. Up first, China caught in a “smiling face” lie of their own making. China can’t be trusted it seems.
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