Today's push and pull; grab and throw; slice and kill was another battle in the daily war that explodes in Greece. Will the Greek government succumb to the people or soldier-on in the favor of the Syndicate Bankster Class?
Xerxes (the ECB & IMF) is on the warpath!
Once again world markets were pushed and pulled - bought and sold - violently with each communiqué from Greece. Would there be a new Greek government? Would the IMF tell Greece to drop dead? Would the politicians do their JOBS and actually listen to those that elected them?
Not a chance! Just like in the USA - you’re a chump if you think your politician, especially “your politician,” will listen to you over the mega-corporations and the Syndicate Bankster Class. Oh sure, the jack@$$ politician on the “other side of the isle” won’t listen, but surely “your guy” will - right?
NOT SO MUCH - FOOL! Xerxes is rolling over your mangled torso daily!
According to Wikipedia, The Battle of Thermopylae...
The Battle of Thermopylae (/θərˈmɒpɨliː/ thər-mop-i-lee; Greek: Μάχη τῶν Θερμοπυλῶν, Machē tōn Thermopylōn) was fought between an alliance of Greek city-states, led by Athenian General Themistocles, and the Persian Empire of Xerxes I over the course of three days, during the second Persian invasion of Greece. It took place simultaneously with the naval battle at Artemisium, in August or September 480 BC, at the pass of Thermopylae ('The Hot Gates'). The Persian invasion was a delayed response to the defeat of the first Persian invasion of Greece, which had been ended by the Athenian victory at the Battle of Marathon. Xerxes had amassed a huge army and navy, and set out to conquer all of Greece. The Athenian general Themistocles had proposed that the allied Greeks block the advance of the Persian army at the pass of Thermopylae, and simultaneously block the Persian navy at the Straits of Artemisium.
Xerxes (the ECB & IMF) is on the warpath!
Once again world markets were pushed and pulled - bought and sold - violently with each communiqué from Greece. Would there be a new Greek government? Would the IMF tell Greece to drop dead? Would the politicians do their JOBS and actually listen to those that elected them?
Not a chance! Just like in the USA - you’re a chump if you think your politician, especially “your politician,” will listen to you over the mega-corporations and the Syndicate Bankster Class. Oh sure, the jack@$$ politician on the “other side of the isle” won’t listen, but surely “your guy” will - right?
NOT SO MUCH - FOOL! Xerxes is rolling over your mangled torso daily!
According to Wikipedia, The Battle of Thermopylae...
The Battle of Thermopylae (/θərˈmɒpɨliː/ thər-mop-i-lee; Greek: Μάχη τῶν Θερμοπυλῶν, Machē tōn Thermopylōn) was fought between an alliance of Greek city-states, led by Athenian General Themistocles, and the Persian Empire of Xerxes I over the course of three days, during the second Persian invasion of Greece. It took place simultaneously with the naval battle at Artemisium, in August or September 480 BC, at the pass of Thermopylae ('The Hot Gates'). The Persian invasion was a delayed response to the defeat of the first Persian invasion of Greece, which had been ended by the Athenian victory at the Battle of Marathon. Xerxes had amassed a huge army and navy, and set out to conquer all of Greece. The Athenian general Themistocles had proposed that the allied Greeks block the advance of the Persian army at the pass of Thermopylae, and simultaneously block the Persian navy at the Straits of Artemisium.
A Greek force of approximately 7,000 men marched north to block the pass in the summer of 480 BC. The Persian army, alleged by the ancient sources to have numbered over one million but today considered to have been much smaller (various figures are given by scholars ranging between about 100,000 and 300,000),[7][8] arrived at the pass in late August or early September. Vastly outnumbered, the Greeks held off the Persians for seven days in total (including three of battle), before the rear-guard was annihilated in one of history's most famous last stands. During two full days of battle, the small force led by King Leonidas I of Sparta blocked the only road by which the massive Persian army could pass. After the second day of battle, a local resident named Ephialtes betrayed the Greeks by revealing a small path that led behind the Greek lines. Aware that his force was being outflanked, Leonidas dismissed the bulk of the Greek army, and remained to guard the rear with 300 Spartans, 700 Thespians, 400 Thebans and perhaps a few hundred others, the vast majority of whom were killed.
The descendants of King Leonidas may be agitated with the ECB and IMF – pardon, Xerxes - but not they aren’t quite up to the old man’s gusto just yet. Leonidas really took it to the banksters in his day:
Société Générale agrees...
Greece: One step closer to the precipice. Greece’s sovereign crisis has reached a critical phase and the likelihood of a disorderly outcome has risen dramatically in the last 48 hours.
Two-year Greek bond yields breached the 30% mark, while Irish and Portuguese yield spreads reached one-year highs.
In the meantime, Greek economic and fiscal data continue to disappoint, and public discontent is rising in the face of the human costs of an ever deeper economic downturn.
Against this backdrop, the backlash from yet more austerity has triggered a severe blow to the ruling Government. The catch is that the Government needs to approve the Medium Term Fiscal Plan for EU/IMF funding to be disbursed. This is looking challenging as the survival of Papandreou’s government hangs on a formal confidence vote on Sunday, and two more defections from the ruling PASOK party on Thursday depleted its majority even further.
Given these unexpected complications, the IMF is now reportedly ready to release its next quarterly installment to Greece purely on the basis of assurance of EU funding rather than on formal conditionality, paving the way for the €12bn July tranche being disbursed. Olli Rehn stated that the deal on this payment should be forged at this Sunday's meeting in Luxemburg. (DON’T FORGET THAT THE MAJORITY OF IMF FUNDING COMES FROM...YOU...THE US TAXPAYER!)
I will spare you the balance of this report and finish with a quickie: Yadaa-yadda-yadda the chump US taxpayer bails out Greece via the IMF...and the Syndicate Bankster Class is happy again.
What else is new? Where is another King Leonidas when Greece desperately needs him?
Trade Date: 6/16/11
E-Mini S&P Trades*
(before fees and commissions):
E-Mini S&P Trades*
(before fees and commissions):
1. No "Secrets" trades filled today.
2. Algorithm positions (5)
3. "Reading the Tape" positions (4) ...combined Secret's, Algo, & "Reading the Tape" total...+4.00
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