Greece is the Word


Batten down the hatches, it could get bumpy!

Greece in shock as banks shut after creditor talks break down

Greeks woke up to shuttered banks, closed cash machines and a climate of rumours and conspiracy theories on Monday as a breakdown in talks between Athens and its creditors plunged the country deep into crisis.

After receiving no extra emergency funding for Greek lenders from the European Central Bank, Prime Minister Alexis Tsipras sombrely announced capital controls in a televised address on Sunday night to prevent banks from collapsing under the weight of mass withdrawals.

Greece has less than 48 hours to pay back 1.6 billion euros ($1.77 billion) of International Monetary Fund loans, and a default would set in train events that could lead to the country’s exit from the euro currency bloc.

But after Tsipras angered Greece’s international lenders by announcing a snap referendum next Sunday on the terms of a cash-for-reforms deal, hopes of a last-minute breakthrough are fading fast. Greeks reacted with a mixture of disbelief and fear.


European bank shares fell sharply on Monday. Top banks in Spain, France and Germany were down more than 6 percent as the risk of a spillover to banks in other peripheral euro zone countries spooked investors.

The Greek government will keep banks shut at least until after July 5, the date of the referendum, and withdrawals from automated teller machines — which are shut on Monday — will be limited to 60 euros a day when they reopen on Tuesday. The stock exchange will also stay shut.

After months of wrangling, Greece’s exasperated European partners have put the blame for the crisis squarely on Tsipras’s shoulders.

The creditors wanted Greece to cut pensions and raise taxes in ways that Tsipras has long argued would deepen one of the worst economic crises of modern times in a country where a quarter of the workforce is already unemployed.

I’m not an expert in international finance, but I know what a money pit is. Greece has been spending more than they are collecting in taxes. A lot more. For a long time.

The people they owe money to don’t want to loan them any more money. But Greece is dependent on that borrowed money. The creditors wanted Greece to agree to some “austerity” measures which basically means “spend less.”

That solution went over like a lead balloon. So they turned around ans elected a demagogue (Tsipras) who promised to keep the government gravy flowing.

Reality is a bitch.

So what happens next? I don’t have a clue.

The reason this matters is because we are 18.5 TRILLION dollars in debt. We could be next. Sooner or later it will be our turn in the barrel. It won’t be pretty.

About Deplorable Myiq2xu™

I'm a basket case.
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97 Responses to Greece is the Word

  1. Dora says:

    Next up is Puerto Rico.

    Here Comes “Prexit”: Puerto Rico In “Death Spiral”, Debts Are “Not Payable”, Governor Refuses To “Kick The Can”

  2. Lulu says:

    The “barrel” is a lot closer than people think.

  3. mothy67 says:

    The gay marriage thing is a scam. Susanna Hoffs still refuses to be my bride. See no use for equality if it does not include stalkers rights.

    • Myiq2xu says:

      Did you try walking like an Egyptian?

      • mothy67 says:

        You are just mean. Susanah Hoffs will never be my wife. I thought our impediment was gay marriage. Not the case Watch your back i might give up after 30 plus years and move on to Taylor.

    • Constance says:

      I’m hoping now that the gay marriage thing is settled law we can get back to solving some real problems that affect everyone including gay people. Like people are getting pushed out of full time professional work at about 55 because there are few full time jobs thanks to Obama care. We spent billions of money on Obama care and Sanders says we still have 35 million uninsured. Our politicians care more about illegals than they do about middle class work horse cizens, etc, etc, etc.
      But the whole gay marriage thing always baffled me, so do gays really think that getting married means now they can be “happy”? I kind of wish someone had prevented me from getting married for the first time at 19 and my second marriage could have been avoided with some sort of legal certificate of paternity. I don’t like other people having access to my money (marriage).

  4. Dora says:

    Doesn’t anyone ever say what they mean and mean what they say? 😦

    Elena Kagan: ‘That Was Then, This Is Now’

    • Lulu says:

      I would bet a 100 bucks she is the little sneak passing on all the inside info on the votes. She is the little fat stupid girl hanging around the edges of the clique.

  5. Myiq2xu says:
  6. mothy67 says:

    I owned a snall part of a Greek Island my financial advisor told me to get out i did lost a small amount but today it is worthless

  7. votermom says:

    OT sooper mexican roubds up tweets from the Chicago Gay Pride parade yesterday which Black Lives Matters disrupted

  8. votermom says:

    I though Williamson made a good analogy here

    Ayatollah Roberts and His Sharia Council
    by KEVIN D. WILLIAMSON June 28, 2015 4:00 AM @KEVINNR
    John Roberts has the black robes, and the interpretive gifts, too.
    It is uncomfortable to think about, but our Supreme Court functions in much the same way as Iran’s Guardian Council: It is a supralegislative body of purported scholars, distinguished by ceremonial black robes, that imaginatively applies ancient doctrines “conscious of the present needs and the issues of the day,” as the ayatollahs over there and over here both put it, deciding — discovering! — what is mandatory and what is forbidden as the shifting currents of politics dictate. The main difference is that the Iranians take their sharia rather more seriously than we take our constitutional law: John Roberts’s opinion in Burwell wasn’t just wrong — wrong can be forgiven — it was embarrassing, craven, and intellectually indefensible.

    Read more at:

  9. DandyTIger says:

    Wait, are you saying economics matters? That’s crazy talk. It’s free stuff for everyone, forever. That’s what the Dems tell us.

    • piper says:

      Where’s my free stuff. Tired of paying retirement taxes to IRS and nothing in return. Just ask NSA for my home address and e-mail.

  10. SHV says:

    “The reason this matters is because we are 18.5 TRILLION dollars in debt. ”
    $18.5 trillion is the Government “feel good” number, just like the unemployment rate. If “unfunded liabilities” ie. Medicare, Medicaid, Social Security, pension funds, etc. are included, the real National Debt is $130-200 TRILLION.

    • Mary says:

      They sure don’t discuss that when they’re bloviating about Obama’s legacy, do they? Asshats.

    • left_VA_&_dems_for_TX says:

      At HHS they couldn’t stand the term “entitlements”. It was drummed into us that it was “discretionary and non-discretionary” or “mandatory and non-mandatory” spending. I know they used those terms because legislation required the spending – but inside my head I always baulked at those terms. Calling it mandatory and non-discretionary implies that it is set in stone and never to be challenged (or even questioned) even though these programs came about because of extreme conditions of those eras. Really – social engineering programs from the New Deal (1930s) and the Great Society (1960s) must not only be maintained, but expanded? If we still need them after 80 years and 50 years respectively, it seems to me that they didn’t work out so great – so we’d be throwing good money after bad. And if they did work, then why do we still need them? Shouldn’t our society be engineered enough already?

  11. helenk3 says:

    too little democracy–too much bureaucracy . sound like the way this country is going?

  12. helenk3 says:

    brief conversation from a book everyone read and no one remembers.

    reminds me of the dems and the confederate flag

  13. helenk3 says:

    David Burge ‏@iowahawkblog 4h4 hours ago

    Default, dear Euro, is not in our stars but in ourselves. #Greece

  14. helenk3 says:

    Greece won’t pay IMF 1.6 billion euro loan installment that’s due Tuesday, government official says – @WSJbreakingnews

  15. Dora says:

    Supreme Court Rejects Obama’s Drive To Cut Mercury Emissions From Power Plants

  16. Myiq2xu says:

    Trump dumped:

    • Myiq2xu says:

      Trump makes Jeb look good, and that’s bad.

      • DandyTIger says:

        Funnily, they’re doing the GOP a really big favor. Interesting.

      • DeniseVB says:

        Sweetie, I’m not ruling out Trump. He’s cray-cray but not a hater like Oblahma. I choose to be inspired by crazy over hate. It’s early in the primary season, let’s enjoy the ride.😀

        Oh, and Biden’s being “rumored” now to join the Dem field. Could Warren be next? Webb? I’m just glad to see my old lib pals going, wait? what? Hillary? Minds are like umbrellas, they only work when they’re open😀

    • DandyTIger says:

      Yeah, let’s put in in charge of the red button. What could possibly go wrong.

    • 1539days says:

      If Trump wanted to use a presidential bid to promote The Apprentice, it backfired. Then again, now he can really trash NBC. He’s like if Ann Coulter ran for president.

  17. Propertius says:

    The traditional way for countries to get themselves out of messes like this is for them to either explicitly or implicitly devalue their currency (i.e., either setting a lower exchange rate, or printing enough money that the markets will do it for them), It’s painful, but it works. Unfortunately, the Greeks can’t do this, because they don’t have their own currency. For now, they’re stuck with the Euro – and the Germans and the French are unwilling to see their common currency devalued in order to bail out Greece (note that the Germans are, however, perfectly happy to profit from increased exports to countries outside the Eurozone due to the Euro being implicitly undervalued thanks to Greece).

    • votermom says:

      They could go really traditional and render tribute to their creditors by sending their most beatiful youths.

    • 1539days says:

      Iceland basically did this because they had their own currency. The country survived, but a lot of citizens got their credit destroyed with foreign banks.

  18. Myiq2xu says:

    If that becomes a reality I am finally coming out of the closet. “I’m gay! Where’s my money?”

  19. Dora says:

    Breaking: State Department Threatens To Arrest Reporter For Reporting On Obama Concessions To Iran

  20. helenk3 says:

    Editor’s note: Greece owes lenders a total of 242.8 billion euros ($271 billion) and Germany is the largest creditor, Reuters reports. Loans have also been made under two bailouts from other European governments and the International Monetary Fund, and Greek government bonds are held by the European Central Bank and national central banks in the eurozone. Private investors also hold billions of euros of Greek government bonds following a debt swap in 2012. Greece may default on an IMF debt repayment due Tuesday after talks broke down. – Stephanie

  21. Myiq2xu says:

  22. Myiq2xu says:

  23. 49erDweet says:

    Is anyone else the teensiest bit concerned the same logic that “normalizes” pedophilia resonates with…..oh, never mind. Not important.

  24. angienc says:

    I love Greece — don’t get me wrong. But these “austerity” measures the MSM and that (commie, atheist (literally — he’s a communist and an atheist) asshole (figuratively) Tspiras keep talking about? Yeah, that’s having to work until 67 instead of retiring at 50. Yes — 50 — not a typo. Also, raising the income tax to 8% tax on anyone making more than $500,000 a year — yes 8% (not a typo).(Already in Greece any one making $34k or less pays 0 income tax).

    Yes, the banks lent $$ they knew Greece could never repay; and yes, the corrupt politicians sold out the country by taking the $$ to line their own pockets and kick the can down the road, but everyone pays the piper.

    Greeks turned to a complete asshole, communist atheist to “save” them, so they’re going to get what they voted for — and Putin will end up “owning” Greece (which I think was Tspiras’ plan all along).

    And everyone is acting all shocked — oh, look, more than 50% of the country’s workforce working for the government in a crappy socialized central planning design failed — AGAIN.

    This is *my* shocked face.

    • votermom says:

      I’m boggled. Have to tweet those.

      • angienc says:

        Sorry — don’t understand what you want to tweet, but tweet away.
        There are other conditions (or “austerity measures) besides the raising the retirement rate to 67 from 50 and the income tax to 8% — but those are 2 of the ones most talked about on the Greek news.
        Honestly, most of these conditions are pretty reasonable IMO — but I’m against the crappy socialist central planning model because I know it never works — as has been proven time & time again.

    • 1539days says:

      Greece is like Chicago. They were hoping corrupt IOC money was going to hide government graft, but they weren’t chosen for the Olympics.

  25. Dora says:

    MORE SCOTUS CRAZY: States Can’t Force Illegals to Prove Citizenship When Voting

    The Supreme Court continued it’s reign of ridiculousness on Monday by deciding US states can’t force voters to prove their citizenship.

    The decision was another big win for illegal aliens.

    • leslie says:

      I think Roberts is teh ghey. My gaydar has been on fire ever since I first saw him. And Jr knows it and threatens him. Or else, he’s a closet Prog and p******** and is being blackmailed all over the place. You notice the votes he’s cast of late? Which would Jr be the least distressed losing?
      Will this get me in trouble?

      • mothy67 says:

        Sorry he is not alone Reid, McConnel, Graham. Pretty much all the RINOS. They are a twisted bunch. I was in DC with my college roommate whose mother was a rep. I had been a bartender for years. These elected people could have all gone to jail for public intox. To her credit my roommates mom was sober. It was complete baccanal. I like to get my drunk on but I know six martini’s leaves me in bed for days. Place was like a frat party for ugly people. I had a very drunk married Senator squeeze my ass. Nothing shocks me about those people. I do have a set of baby blues that Liz Taylor commented on. We go way back I used to watch General Hospital with her in bed. I am not terribly vain but I have used my peeps when I needed to. DC was a scourge. Very bizarre behavior. I got hit on by married men. I had to endure being voted prettiest in high school. I get told all the time I am not gay but if I was it would be with you. I do not engage the gay community very well. People start fighting with me before I even speak I have been told to lose my attitude by people that I have never spoken with. I carry myself with a lot of pride. I had to I was going to be beaten down or I was going to be arrogant. I wanted to get old and wrinkly so I could not be attractive. Fucking gods I am 48 and do not have a line on my face. I still have to much hair. I get told I look like Monty Clift. I don’t see it I moved to New York alone so I could disappear. That didn’t work out so well within a week I was sitting for Basquiat. Warhol hated me he refused to enter a party until I was asked to leave. I had never met him but he could not be in the same room as me. I have to laugh at my looks. I did nothing to earn them. I would gladly turn it in to not stick out. I have been beaten many times because of how I look. I think I was gang raped. I cannot remember I woke up bloody naked and beaten in a parking lot. I recall waiting for the bus and thats it. 12 hours went by and I have no memory. I was covered in bruises and bleeding from everything. I was 16 and a dishwasher just going home to support my family. I paid for my little brothers clothes and lunches. When I was in DC I felt more violated by the drunk slobs than i did that night. So gross.

  26. votermom says:

    NBC is pissing me off

  27. mothy67 says:

    So annoying I have tried to get a few lawyer friendss to discuss the ruling with me. I am not talking about gay being right or wrong i want to pick their brains about the law itself. Am a dork I love thinking about grey areas. Why do leftists always raise their voiceand end conversations.

  28. Propertius says:

    I’m not an expert in international finance, but I know what a money pit is. Greece has been spending more than they are collecting in taxes. A lot more. For a long time.

    True enough, but let’s not forget they also got swindled by the usual suspects:

    This is a misfortune they share with numerous state and local governments in the US:

  29. mothy67 says:

    Did you know you can get a PFA against someone with zero proof. Baby girl sees her father twice a week for two hours. By court order we have to meet him on a bus line and stay in the area.He is allowed to call twice a week we are not to speak with him ever all exchanges have to go through a website called co family. He was to meet her at 930 in the target parking lot. My mom was there at 9 he kept calling screaming at the voice mail we were late . I had enough called my mom she was sitting in her carat Target. I returned his last call just hit call on phone 3 minutes had gone by. His girlfriend answered and said he had left an hour ago. She sounded hungover. I sad do not bullshit me I am returning his call. We had a vcious exchangeas I was as I was returning phone I said fuck off. A few hours later had the cops at my door with a PFA. She claims I make her fear for her life. spoke with my attorney and it seems there s nothing I can do.
    I treasure my baby girl but there are tmes want to hurt social workers. They are just stupid. Pup has done some modeling work mostly dance trade shows. I have never touchedher money it is all in the bankfor college. Hectried to withdraw it. Asshat its in my name. I pay the tax on her interest not a big deal. She takes voice, acting, jazz, hip hop, ballet, clarinet, piano, swim, softball tea kwon do goes to robot camp. I never touch her money robot camp was 24 hundred. I grew up extremely poor. We would take the neghbors newspaper to use as toilet paper. I would get off the school bus and walk forblocks so no one saw were I lived. It was a chicken coop converted nto a house. I skipped two grades had open heart. I would take it all tmes ten to have a bit part in my little girls life. So absurd my nephew lives with ths woman that has a PFA against me. Everytime she sees my crud she cuts her down..Shay has been in gymnastics since she was 2 we walk to the grocery store and she does back flips. I secretly smile but tell her sheis annoying.
    I am 50 grand in the red fighting for her my parents are close to the same. Judge ordered him a psych eval he will not take it.. He is an awful person. She became a vegatarian on her own at age 7. He tried to force meat down her throat. We went to court about that. He said out loud children need to learn who is in charge some f a g g o t should not not have a say with my kd. He has an IQ of 74 she has never gotten a B she is wicked mature. Makes good decisions. She broke her collar bone i had no idea how to deal with a broken chld so i read to her the entre Harry Potter series. Halloween came around and she spent her own money to buy Hermione Granger costume she spent hundreds was so thrlledt that she pulled it together. She had wand the coatthe cat spent hours online making her costume her dad looked at her and said Rliley is better. I do not talk down to her I am not that smart. She said I expect nothng from him. He is an ugly cruel person that savors perpetuating hate. Good god she said savorperpetuate cruel. I buy index and leave her notes everwhere. I call her absurd names like Hulga and tjen tell her Icjust cannot remember her name. She knows I am an ass smart kid but she has a sense of humor. Whenbshe was wee she refused to have imaginary friends so I had to get my own Samantha Suzie and Suzie Samantha conjoined twins. i like Sarah Palin because i get a sense she talks to her kids. Who did not have sex in high school. I am so gay but I had loads of straight sex before I was 18

  30. Dora says:

    What is going to be the breaking point? I don’t see an end in sight. 😦

    Park Service Removes Confederate Flags From Fort Sumter…

    • Lulu says:

      Tyrants always try to destroy the native culture. It is part of the plan. The Romans did it, the Chinese dynasties did it, the Anglo-Saxons did it to pagan Brits, the Normans did it in northern France and England after invasions, the Brits did it in Ireland, Scotland and Wales, and now it is being done here in the final stages as it has been going on for decades. Starvation and the eradication of regional foods is a big part of it and seen clearly in Mooch’s school lunch program under the name of “health” and fighting obesity as are food stamps and trans-fat edicts. In the past it could be hidden more easily than now with so much information sharing which is why they are so desperate to get control of the internet. The various technically non-religious cults, global climate change, facism, progs, etc are using the age old techniques that were used by Rome, Bolshevism, Nazi’s, the church of Rome going after the pagans, Muslims invading and killing and on and on. The carefully tended historical illiteracy promoted in schools now make it easier but even some of the lefty’s are starting to notice. I mean where will the cool outre crowd go to get wasted if New Orleans is verboten? If they outlaw grits they also have to outlaw polenta. It gets complicated and these are not the brightest people who ever lived even if they claim to be.

    • Lulu says:

      Cultural destruction is standard in tyranny. It is also a lot harder than they think. Native or traditional cultures and religion are threats that have to be eliminated. Mooch’s school lunch program is an excellent example. Regional and traditional foods are to be eliminated in childhood where food preferences are learned plus the extra threat of starvation or bankruptcy. The Romans used it very effectively as did the Bolsheviks, Nazis, Chinese dynasties including the current one, and Normans. ISIS is doing it. Eliminating history in school curriculum helps make it harder to spot in the overall population but people are picking up on it.

      • Dora says:

        That’s very good reasoning. I’m feeling sad these days. 😦

      • leslie says:

        I need to talk with my son who teaches social studies in a jr high school to find out what he really teaches. He said he likes common core and I was pretty stunned, but we did not have the time to discuss it in detail because #grandbabies. I hope we get to sit and talk sometime this summer. He’s kinda hard to pin down at times.

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