1,000 Bitcoin ATM’s Coming to Greece

bitcoinBix Weir – I can’t imagine how helpless the Greek people must feel right now. There are no solutions on the table. There is only “extend and pretend” options that are put in front of the people and every step is more painful than the last. These Banksters have no souls. They created the system, they exploited the system and now they are forcing the people of Greece to take the punishment that they deserve for themselves.

But wait! Look – over there! Behind that olive tree! In that fish market! Outside that CLOSED BANK!!

There’s a BITCOIN ATM that lets people in Greece live their lives WITHOUT these Bastard Banksters!

Seeking Alternatives? 1,000 Bitcoin ATM’s Coming to Greece – http://www.zerohedge.com/news/2015-08-18/seeking-alternatives-1000-bitcoin-atms-are-coming-greece

Bitcoin service provider and exchange Cubits has partnered with Greek bitcoin exchange BTCGreece to install 1,000 bitcoin ATMs and help small and medium sized businesses move money. Continue reading

Greeks Flock To Grassroots Alternative Currencies In Affront To Euro Debt Slavery

“Necessity is the mother of invention.

When Christos Papaioannou noticed his car needed new tires, the Greek computer engineer bought them with euros—but used an alternative currency, called TEM, to pay his mechanic for the labor. 

His country has avoided a catastrophic exit from the common currency, at least for now. But a small but growing number of cash-strapped Greeks, who are still grappling with strict money-withdrawal limits, have found another route in TEM and other unconventional payment syss like it. 

Before then, Ms. Sotiropoulou said she was only aware of two such programs. No official record of the number of alternative currencies and local bartering systems appears to exist in Greece. But according to an Athens-based grass roots organization called Omikron Project, there are now more than 80 such programs, double the number in 2013. They vary in size, from dozens of members to thousands. – From the Wall Street Journal article: Alternative Currencies Flourish in Greece as Euros Are Harder to Come by

TEMMike Krieger – Hundreds of millions of people throughout the Western world are being forced to admit an obvious, yet uncomfortable reality. Democracy is dead. Your vote and your voice doesn’t matter. Not at all.

No group of people understand this as intimately as the Greeks. They voted for one thing, got something else, and in the process were unceremoniously reminded of their political irrelevance. The Greeks are now in a position to show the rest of us how it’s done. Communities need to take matters into their own hands and tackle challenges at the grassroots level. Nowhere is this more impactful and necessary than in the monetary realm, and some Greeks are already leading the charge.

Continue reading

The Truth About Golden Dawn & The Crisis in Greece [Audio]

golden Dawn
Henrik

Henrik Palmgren – Giorgos (George) is the editor for the website of the New York division of Golden Dawn. This chapter specializes in collecting food donations that are shipped to the Greek people who have been starving due to the crisis and political treason perpetrated by the government of Syriza. Golden Dawn New York also works to counter the lies and propaganda against Golden Dawn in the English speaking world.

George is with us to talk about the current economic situation in Greece – where it all began with the “Junta” regime in the 1970s, and in what direction this deteriorated country is headed.

[youtube=https://youtu.be/jlt_fMrusdI]

He provides a detailed explanation of Golden Dawn, which he asserts is the only political party in Greece today that truly stands for the sovereignty, security, and dignity of the Greek people. Continue reading

The Greek Coup: Liquidity As A Weapon Of Coercion

“My father made him an offer he couldn’t refuse. Luca Brasi held a gun to his head and my father assured him that either his brains, or his signature, would be on the contract.”  — The Godfather (1972)

banksEllen Brown – In the modern global banking system, all banks need a credit line with the central bank in order to be part of the payments system. Choking off that credit line was a form of blackmail the Greek government couldn’t refuse.

Former Greek finance minister Yanis Varoufakis is now being charged with treason for exploring the possibility of an alternative payment system in the event of a Greek exit from the euro. The irony of it all was underscored by Raúl Ilargi Meijer, who opined in a July 27th blog:

The fact that these things were taken into consideration doesn’t mean Syriza was planning a coup . . . . If you want a coup, look instead at the Troika having wrestled control over Greek domestic finances. That’s a coup if you ever saw one.

Let’s have an independent commission look into how on earth it is possible that a cabal of unelected movers and shakers gets full control over the entire financial structure of a democratically elected eurozone member government. By all means, let’s see the legal arguments for this.

So how was that coup pulled off? The answer seems to be through extortion. The European Central Bank threatened to turn off the liquidity that all banks – even solvent ones – need to maintain their day-to-day accounting balances. That threat was made good in the run-up to the Greek referendum, when the ECB did turn off the liquidity tap and Greek banks had to close their doors. Businesses were left without supplies and pensioners without food. How was that apparently criminal act justified? Here is the rather tortured reasoning of ECB President Mario Draghi at a press conference on July 16: Continue reading

Financial Survival: The Liquidity Crisis [Audio]

tsiprasThe Corbett Report – As James returns from his summer holiday, he re-joins Alfred Adask for their weekly conversation on Financial Survival. This week they discuss the “resolution” of the Greek crisis, the growing panic over the liquidity crisis in the bond market, and whether or not the Iranian “deal” is actually a treaty.

Show Notes

SF Source The Corbett Report  July 2015


Greek PM Tsipras Allegedly Asked Russia for $10 Bln to Print Drachmas

Philip Chrysopoulos – Greek Prime Minister Alexis Tsipras has asked Russian President Vladimir Putin for 10 billion dollars in order to print drachmas, according to newspaper “To Vima.”

The newspaper report cited Tsipras saying in his last major interview to Greek national broadcaster ERT that “in order for a country to print its own national currency, it needs reserves in a strong currency.”

Moscow’s response was a vague mention of a 5-billion-dollar advance on the new South Stream natural gas pipeline construction that will pass through Greece. Tsipras also sent similar loan requests to China and Iran, but to no avail, the report said. Continue reading