The Phaserl


And So It Begins – Greek Banks Get Shut Down For A Week And A ‘Grexit’ Is Now Probable

by Michael Snyder, The Economic Collapse Blog:

Is this the beginning of the end for the eurozone?  For years, European officials have been trying to “fix Greece”, but nothing has worked.  Now a worst case scenario is rapidly unfolding, and a “Grexit” has become more likely than not.  On Sunday, the European Central Bank announced that it was not going to provide any more emergency support for Greek banks.  But that was the only thing keeping them alive.  In order to prevent total chaos, Greek banks have been shut down for at least a week.  ATMs are still open, but it is being reported that daily withdrawals will be limited to 60 euros.  Of course nobody knows for sure if or when the banks will reopen after this “bank holiday” is over, so needless to say average Greek citizens are pretty freaked out right about now.  In addition, the stock market in Greece is not going to open on Monday either.  This is what a national financial meltdown looks like, and the nightmare that has been unleashed in Greece will soon start spreading to much of the rest of Europe.

This reminds me so much of what happened in Cyprus.  Up until the very last minute, politicians were promising everyone that their money was perfectly safe, and then the hammer was brought down.

The exact same pattern is playing out in Greece.  For example, just check out what one very prominent Greek politician said on television on Saturday

“Citizens should not be scared, there is no blackmail,” Panos Kammenos, head of the government’s coalition ally, told local television. “The banks won’t shut, the ATMs will (have cash). All this is exaggeration,” he said.

One day later, the banks did get shut down and ATMs all over the country started running out of cash.  The following comes from CNBC

Despite a tweet from Greek Finance Minister Yanis Varoufakis that his government “opposed the very concept” of any controls, Greek Prime Minister Alexis Tsipras said later Sunday that he had forced the country’s central bank to recommend a bank holiday and capital controls.

The Athens stock exchange will also be closed as the government tries to manage the financial fallout of the disagreement with the European Union and the International Monetary Fund. Greece’s banks, kept afloat by emergency funding from the European Central Bank, are on the front line as Athens moves towards defaulting on a 1.6 billion euros payment due to the International Monetary Fund on Tuesday.

So what is the moral of this story?

Never trust politicians – especially when a major financial crisis is looming.

All over Greece, people are taking photos of very long lines at the ATMs that actually do still have some cash.  Here are just a couple of examples…


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15 comments to And So It Begins – Greek Banks Get Shut Down For A Week And A ‘Grexit’ Is Now Probable

  • rl

    In Billions for the Bankers, Debts for the People (1984), Sheldon Emry commented:

    “Germany issued debt-free and interest-free money from 1935 on, which accounts for Germany’s startling rise from the depression to a world power in five years.
    The German government financed its entire operations from 1935 to 1945 without gold, and without debt. It took the entire Capitalist and Communist world to destroy the German revolution, and bring Europe back under the heel of the Bankers.”

    These facts do not appear in any textbooks today, since Jews own most publishing companies. What does appear is the disastrous runaway inflation suffered in 1923 by the Weimar Republic, which governed Germany from 1919 to 1933. Today’s textbooks use this inflation to twist truth into its opposite. They cite the radical devaluation of the German mark as an example of what goes wrong when governments print their own money, rather than borrow it from private cartels.

    • Gnostic


    • Ed_B

      It is those very same text books that tell us all about FDR revaluing gold from $20.67 per oz. to $35 an oz. What they miss, of course, is that in any system, there HAS to be a standard against which all else is compared. In those days, gold was that standard. Because of this, FDR did not reprice gold, for gold cannot be repriced because it is THE standard of price. But fiat currency can, so whenever one reads or hears about gold prices changing, that is a lie. Gold prices never change in a free market. Only the prices of floating fiat paper change and in relation to the monetary standard that still exists today: gold The bottom line is that FDR’s move to call in the gold and then reprice it to $35 an oz. was nothing more than a rather thinly veiled and substantial DEvaluation of the US dollar. But no history or economics book ever says this truth. Gee. I wonder why. Not.

  • Gnostic

    A friend of mine who is a now a disillusioned high ranking member of the Jewish Freemasonry in Budapest has told me what is coming regarding the Greek crisis.

    Greece was chosen to play the role of the European Union bankrupt member state in order to “create” the big problem to which the European Union is going to “find” the “solution” soon.

    • rl

      Yes, and the point of my post was we never have we needed any of these bloodsucker banks in the first place. Kennedy knew it and so did lincoln and many before and after them. A long way from all the noise and hype of how and what they are doing in the first place and a total reset let alone a crash will never be without them behind it as no crash or war or bloodlust has ever been either. Normal people or humanity does not desire these things, so who does? Sheep? How many and where? Freedom? Sovereignty? And slaves made slaves or allowing their slavehood with conventions for institutions to manage their lives for them? Needed to be ruled as freedom requires responsibiltiy and accountability and plain old hard work for that road that we cant manage without the ‘state’ for a start. A long way from the total programming that pervades all and makes the world go round. Individualism has been sold from everything to find your vibration to greed is good, as groups of right thinking people as one for a good cause and the well being of others with a national identity have been wiped out.

      Because united we stand and divided we fall. The world has been divided and as it falls many will ask wtf and whoTF. And many to will have to see the history long lesson of the khazar and the zionist as they take a long hard look at the banksters who brought their destruction. And arrive at looking at the supposed chosen ones who are the only ones allowed to stand together and then hate at will, exempt from any and all truth for it. As engineered warped minds and schills alike provide the free pass and labels for them that keep the human cattle in the pen and on the global tax farm.
      And as things carry on all according to plan they will forever show their bankster hand and we will look away to blameshift and cowar accordingly using the endless tirade of made up words and ideas and acceptable sickness that show we really are simply cattle to be herded.
      And more pie in the sky of course… and we stack as the only real hedge to be found.

    • glitter 1

      “Then, the US “elites” will be forced to merge the US into the EU and not the opposite as they would like.”

      This has already occurred.

      Rockefeller and Rothchild join forces:

  • Craig it's all gone

    I just came up with a GREAT idea how to “hair cut” the ignorant, unprepared sheeple. (instead of letting the banksters grab all the money.)

    Perhaps I should start saving up CASH right now, (or better yet,, hundreds of boxes of food items, canned goods, bags of rice, toilet paper, liquor, etc).. and do THIS with it.

    When the people are lining up at the ATM’s to get their cash, I will set up a TABLE near the line,, with a SIGN that says:

    “Cash for your Gold & Silver”!!! We Buy GOLD & Silver. Exchange your Gold for FOOD.

    Of course, I would not be giving them full value for it, because any idiot who never sees it coming and waits until it’s TOO late to do anything about it,, those are the sheep who deserve to get clipped. They are the same ones who will be bugging you for food etc.. or they will be the desperate looters and robbers who don’t care what they do to you.. so it’s best to shear those sheep while the shearing is good.

    Have some “armed security backup” with you. Somebody “riding shotgun” to deter the early-bird robbers.

    Yes, I DO feel sympathy and pain for idiots who never prepare and then they run around screaming and crying when it’s TOO late, but they never help themselves when it’s right,, so I also am angry at them for their voluntary stupidity. If they are SO stupid, then perhaps they don’t really deserve to get full price for their gold.

    • Ed_B

      I like the idea of that, BUT… who’s to say that these sheep have any gold or silver to sell? These are the same folks who have no clue as to what gold and silver are or what their value might be. The only exception would be some jewelry items, gold watches, etc., which can be difficult to value correctly.

      I have carefully checked out many of the people I know as to whether or not they own any gold or silver. Only one of over 100 people had any gold other than jewelry. He had a big Mexican gold coin that he promptly sold upon finding it in some packed away belongings. Only 3-4 of these people had any silver bullion items. More had some jewelry items. None had “silverware” that was sterling. All of their stuff was silver plated, so of low value.

      Off-hand, I can’t think of anything that the sheep have that will be of much use during a SHTF scenario. These folks are living on borrowed time and the loan is about to be called, IMO.

  • gary h

    & still no interest[in the U.S.] whatsoever in PHYSICAL gold or silver..hmm..hard to believe but then again not so hard,
    after watching Mark Dice try to sell the gold coin & the 10 ozer silver bar for a buck..
    IN FRONT OF A FLIPPIN COIN SHOP!!!!!!!!Gosh DAMMMMM mericans are deeeuuumbed down but good..they MUST turn that flippin TV OFF!better yet,toss the mother bleeper in the garbage where it surely belongs!
    ..geeze “o” pete!
    if i was multi millionaire or billionaire i would be loading up on physical PM bigtime, & i mean immediately,& would be the L out of the U.S.headed down to Chile or Baha Mexico or be ANYWHERE BUT THE U.S. by sundown..yes i know i know.. you can’t run & hide away from the NWO but i bring you a few caveats:
    first & foremost #1.. they will NEVER get their simply won’t work in any capacity,as well as a global one world digital will NEVER..EVER work.. & there is a powerful man who plans on busting up & crashing David Rockafeller & Henry Kissinger’s new world order party in Tel Aviv or jerusalum when they do..JESUS CHRIST i believe is the guys name who plans on locking up beeleeabub for the next 1,000 yeears along with his earthly minions[hear that you police that want to go along with this NWO bullship, & crack some citizenry skull for not licking some jackassboot?],& Jesus we hear has a very powerful father as well,capable of creating & destroying entire universes..
    # 2 its just a better place to be right now[unless you are well off enough to buy a private island somewhere] right now with Jade Helm fired up,& this frickin gosh dam militarized police state cranking down on all of us peace, freedom, & liberty loving “terrorists”..

  • Rancher

    All this is so “Old News” why is it given space on this site to blab about it?
    Heck even the main stream media has it well covered.

    I predict we will all be just fine up here in North Idaho.

    • Eric

      Until you aren’t. You are no doubt in a great area to ride this out Rancher. But don’t build up your normalcy bias so much that you think this won’t affect you.

      The biggest problem with the northern and middle latitude areas of the US is the jet stream that is blowing right through with god knows what! Not to mention the poles are actually shifting. You might all of a sudden find yourself living in a climate similar to the kalahari desert. Don’t assume anything. Be flexible.

      • Craig escaped from Detroit

        Eric is correct. Never let your guard down. Conditions can change, and do change.
        The earth can change, and is changing.
        Greedy Bankers are the only ones who never change.

        Jetstream is becoming the DEATH-Stream. Japan-Stream, Fuku-shitta stream.

        Eric, when you are ready, come to one of America’s safest “zones”. 32433. Research it. You’ll like it, and it has a few good neighbors like me.

        I walked away from my Detroit house (had more than $100k into it), and still actually paying some money on it. But at least I’m in a better place now, and I’m NOT DEAD. Hahaha.

        Actually, I expect to OUT LAST most of the Darwin-idiot populations in the world. It would have been nice if I was living down in Brazil, but not too close to the water either. But for EVERY person who lives “outside” of their native country,, especially if you are from Europe or America, you will be viewed as a RICH TARGET. It’s impossible to “blend in” when you can’t blend in.

        So I’ll stick with a relatively safe zone in a land where I am just another tree in the same forest.

        • Eric

          “You’ll always be the gringo.” I forget who said it but they were right.

          The thing is Craig that the whole trick to survival is being comfortable. The more comfortable you are, the easier it is to survive. Once you are surviving very comfortably, you can work on the things that propel you into Thrive mode! Then the real fun begins.

          But I think at some point, most of us get TOO comfortable. Ranchers ranch, my house, your crops, whatever…it could all be gone in an instant for any number of reasons. And you better be ready to run.

          Thanks for the invite. I’m packing but not in a hurry. Hoping to set it up so I can just always be on the move and go wherever I want, then always come home.

          We aren’t here to own. We are here to use. But I won’t be selling my stack anytime soon. 😉

          • Craig escaped from Detroit

            @Eric, Yes, you’re right, it’s best to be the most “comfortable survivor possible”.

            As for stacking & packing,,, I agree it’s a good plan. I’d say,,have a good TOW vehicle and a trailer package that is NOT too big, heavy, etc. Something NO bigger than about 24ft.

            Install all the solar panels the roof can accommodate. Install even MORE of them as a “hinged awning” on the side,, lay flat when moving, erect them when stopped. Sit under them on sunny days. 🙂

            Bring along tarps, swimming pool clear bubble wrap for winter greenhouse system for growing all winter.

            Keeping in mind, that in a crisis, people will be trigger happy on strangers or nomads.
            Could be a great idea,, to buy a few rural acres just to park your rig on your own land.

            A person could have a few very cheap acre locations in more than one which would allow you to migrate between your personal sites. You could actually “pre-place” some buried supplies at your other sites so you don’t have to carry everything all at once.

            32433,,drive there quick,, buy, order, deliver the goods while you’re here,, the big, heavy bulky items,, etc,, you COULD take delivery of a load of solar panels,, 20 yards of garden compost (this sandy soil cannot grow stuff without a good upgrade). Get your garden site “pre-dirt” spread around… buy a couple rolls of good garden fence and stack of metal T posts,, rolls of plastic greenhouse stuff, etc,, bury them, or put into a steel shipping container, etc.

            The containers are hardy, handy and clean, but can be a “target”. But it it contains things that are no value to idiots, then perhaps they’ll look and leave? Bags of fertilizer, bug chems, etc?

            During some bad situations,, if you are forced to be driving in 1st or 2nd gear at SLOW speeds for hundreds of miles, your MPG will be LOW. Take plenty of spare gas and bikes/trikes.

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