Baltic Dry Index. 715 -02
LIR Gold Target by 2019: $30,000. Revised due to QE programs
First they came for the communists,
and I didn't speak out because I wasn't a communist.
Then they came for the trade unionists,
and I didn't speak out because I wasn't a trade unionist.
Then they came for the Jews,
and I didn't speak out because I wasn't a Jew.
Then they came for me
and there was no one left to speak out for me.
Pastor Martin Niemöller
After 182 years, Greece is an independent state no more. The giant German financial war machine that is now effectively in control of Euroland, crushed the Greeks under their heel yesterday, when sold out by a fawning and appeasing French President and their own German imposed Prime Minister, Greece agreed to humiliating German terms for a “bailout” that isn’t. Greece will still go on to default. In return for the promise of 130 billion euro to be put into escrow to be paid mostly to French and German banksters, Greek politicians sold out their fellow Greeks into effective slavery. Under the present plan, Greece can never resurrect itself financially. At best, Greece will still have a debt to GDP ratio of 120.5% in 2020. More likely much higher due to a German imposed depression. Greece can never regain financial independence. The Greek people forced into a German dictated decades long depression.
We open today with the great French “Marche de Triomphe,” saluting the great German victory parade. At the head, conquering Fuehrer Merkel leading armies of fawning Brussels and ECB burueacrats, plus the Princelings of Holland and Finland. In their train hundreds of fawning appeasing European politicians lead by Quisling Sarkozy, all hoping desperately to escape a similar fate while begging for German cash to keep them elected. Bringing up the rear as the victory parade heads off to Lisbon, Madrid and Rome to complete the rout of the Mediterranean peoples, 8 million hapless impoverished Greek slaves, all too soon to be joined by Ports, Spanish and Italians. If Britain, America and Japan, don’t get their affairs in order soon, it’s what awaits us too even if at the hands of different creditor nations and banksters. Capitalism it aint! Whatever happened to caveat emptor.
Below the great French Marche de Triomphe by Charpentier. Why a French triumphant march? Well no one’s heard it since Napoleon’s days and not since 1815. Besides, German triumphant marches became over used in the last century, even if they haven’t been heard since Stalingrad. Listen and weep for the ordinary Greek people. It took their criminal politicians, banksters and vampire squids 30 years of deceit to entrap their population. Shylock Germany when it got the chance demanded almost instant repayment, despite Greece waving war reparations in the early 50s. The United States of Europe is dead. February 21, 2012 is a date that will live on in infamy. Nothing in Europe will ever be the same after today.
“It's no exaggeration to say that today is a historic day for the Greek economy”
Lucas Papademos. German imposed Greek Prime Minister
(Best with headphones.)
Charpentier - Marche de Triomphe
http://www.youtube.com/watch?v=snxUHRaGTuA&feature=related
Eurozone agrees €130bn bail-out for Greece
The eurozone has agreed a second €130bn (£109bn) Greek bailout after asking private investors to take bigger losses on Greece's debt and by further stripping the country of sovereignty over its finances.
---- Jean-Claude Juncker, Luxembourg’s Prime Minister and the chairman of the eurogroup of finance ministers, warned Greece that the bailout would require unpopular austerity measures.
“We expect the unprecedented solidarity of Greece's partners to be matched by a strong commitment by Greek leaders to fully implement their austerity programme,” he said
---- In return for the new bailout, Greece must implement a savage austerity programme, accept an “enhanced and permanent” presence of EU officials supervising Greek finances and set up a blocked account with three months debt interest payments in it at any time.
“The Greek economy can no longer rely on a large administration financed by cheap debt, but by investment to facilities new growth and jobs,” said Olli Rehn, the EU’s economic and monetary affairs commissioner.
However the agreement was overshadowed by the pessimistic debt sustainability report compiled by the IMF, ECB and Commission, that warned of a “downside scenario” of Greek debt hitting 160pc of GDP in 2020 - far higher that the agreed 120.5pc target.
Under the troika's downside modelling, Greece would need an extra €245bn in bail-out aid, almost twice the aid package under discussion last night.
At the Comex silver depositories Friday final figures were: Registered 35.07 Moz, Eligible 93.73 Moz, Total 128.80 Moz. Comex closed yesterday.
Crooks and Scoundrels Corner.
The bent, the seriously bent, and the totally doubled over.
Today, the Great Stain on Europe. Greece effectively wiped off the nation states of Europe by French fawning and appeasement of Germany, and all to save French and German banksters. For bailing out banksters were the hapless Greek people sold into modern financial slavery, and their financial affairs removed from their own hands and passed to the new Ottomans in Berlin. Greece will default yet. This European Monetary Union will go the way of all monetary unions, sped up now by the fact that now no one in Europe trusts anyone else, especially Germany.
"Ελευθερία ή Θάνατος", "Freedom or Death"
The Greek War of Independence
In 1814, a secret organization called the Filiki Eteria was founded with the aim of liberating Greece. The Filiki Eteria planned to launch revolution in the Peloponnese, the Danubian Principalities and Constantinople. The first of these revolts began on 6 March 1821 in the Danubian Principalities under the leadership of Alexandros Ypsilantis, but it was soon put down by the Ottomans. The events in the north urged the Greeks in the Peloponnese in action and on 17 March 1821 the Maniots declared war on the Ottomans. By the end of the month, the Peloponnese was in open revolt against the Ottomans and by October 1821 the Greeks under Theodoros Kolokotronis had captured Tripolitsa. The Peloponnesian revolt was quickly followed by revolts in Crete, Macedonia and Central Greece, which would soon be suppressed. Meanwhile, the makeshift Greek navy was achieving success against the Ottoman navy in the Aegean Sea and prevented Ottoman reinforcements from arriving by sea.
Tensions soon developed among different Greek factions, leading to two consecutive civil wars. Meanwhile, the Ottoman Sultan negotiated with Mehmet Ali of Egypt, who agreed to send his son Ibrahim Pasha to Greece with an army to suppress the revolt in return for territorial gain. Ibrahim landed in the Peloponnese in February 1825 and had immediate success: by the end of 1825, most of the Peloponnese was under Egyptian control, and the city of Missolonghi—put under siege by the Turks since April 1825—fell in April 1826. Although Ibrahim was defeated in Mani, he had succeeded in suppressing most of the revolt in the Peloponnese and Athens had been retaken.
Following years of negotiation, three Great Powers, Russia, the United Kingdom and France, decided to intervene in the conflict and each nation sent a navy to Greece. Following news that combined Ottoman–Egyptian fleets were going to attack the Greek island of Hydra, the allied fleet intercepted the Ottoman–Egyptian fleet at Navarino. Following a week long standoff, a battle began which resulted in the destruction of the Ottoman–Egyptian fleet. With the help of a French expeditionary force, the Greeks drove the Turks out of the Peloponnese and proceeded to the captured part of Central Greece by 1828. As a result of years of negotiation, the nascent Greek state was finally recognized under the London Protocol in 1830.
More
http://en.wikipedia.org/wiki/Greece
The monthly Coppock Indicators finished January:
DJIA: +116 Down. NASDAQ: +119 Down. SP500: +90 Down.
The Dow and SP 500 and NASDAQ have all reversed from up to down.
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