And nobody really knows what will happen if a deal isn\'t reached before next week. But whatever it is, it won't be good. Greeks are getting their money out of banks, and out of the country if they can.

Onward and upward,
airforce

Are European banks about to collapse? We're four days away from finding out.

Greece has a loan payment due to the International Monetary Fund (IMF) on June 30, and it doesn't have the money. The European Central Bank is willing to loan Greece the billions of euros it needs - but only if Greece agrees to reduce spending, rather than raising taxes again.

Greek Prime Minister Alexis Tsipras and the far-left Syriza party is refusing to go along with those conditions.

Stay tuned.

Onward and upward,
airforce

A sovereign country can't borrow money to elevate its status in the international community then refuse to pay it back and expect to maintain status in it.

The real fear will be when they get cut off from the Euro, people learn to survive without those levels of centralized banking, and anarchy works better than centrally managed internationalism.

The looming financial crisis you\'re not hearing about. If anyone has a plan for when Greece defaults, they're not talking about it.

And one of the reasons this is serious, is Greece is a NATO ally. I'll grant you, NATO is another institution whose time has come and gone. But until they formally go, we still have a lot of our toys in that particular playground.

If Greece advances into anarchy, well, that's all well and good. but if it dissolves into chaos - which is more likely - that could be very, very bad.

And, oh yes, it happens Tuesday.

Onward and upward,
airofrce

ATM's are running empty in Greece, and it looks now like Greek banks will be closed tomorrow .

Onward and upward,
airforce

Argentina managed to pull out of the problem and I understand there the problem was intentional to begin with. A banking crisis is not exactly a zombie apocalypse.

In the last 24 hours, Greeks have withdrawn over a billion euros from ATM's. Here's an ATM in central Athens:



The problem with socialism is, eventually the socialists run out of other people's money. Or, as herb Stein once said, "If something can't go on forever, it won't."

Remember this dialogue from "Ghostbusters?"

Okay, it probably won't be that bad. But this is uncharted territory, and nobody really knows.

Onward and upward,
airforce

Here is the world banking cartels solution:

https://www.youtube.com/watch?v=C8xAXJx9WJ8

Basically, they lay out the case for the fact that you can't have world banking and investment without world government.

Greeks voted themselves for few taxes, short work hours, lots of government teat type benefits and an easy life.

Germans on the other hand, would rather spend those long cold winters indoors working somewhere, have higher taxes and voluntarily pay them, work longer portions of their lives, and expected everyone else to adopt their fiscal values.

Didn't happen.

Here is the sarcastic comedy version:

https://www.youtube.com/watch?v=Zvl9N9GdraQ

What this has boiled down to is far too much feel good government spending in countries that never did have sufficient tax, resource or industrial base to hold up their end of the bargain.

The only ethical and practical way to reduce the harm that comes from that whole sort of situation is disengagement, and widespread social acceptance of non traditional (or very traditional) alternative currencies and banking systems.

I don't get my money from an ATM. I get it from the people I work for.

Use cash, demand cash, do your business in cash and you won't be affected by this sort of thing as much.

The National Socialists and their leadership went from Hitler gaining "Man of the year" status in TIME magazine to villain of the century because they made the same mistake that most utopians made. They tried to export their way of life and values by force.

This conflict is really going to pit nationalist socialism against internationalist socialism. The Greek nationalist socialists know they can sustain their country fairly well if they are not taking in refugees from everywhere and making debt payments to the international cartels.

Its all just more new world disorder. World government democracy was kind of a cute idea at some point, but its not happening successfully any time soon.

Greek banks are now expected to stay closed until July 7 , and the Athens Stock Exchange will be closed tomorrow as well.

Prime Minister Alexis Tsipras says that "capital controls" will be imposed. Transfers of cash out of the country will be prohibited, and a maximum of $66 can be withdrawn from an account per day.

Everybody seems to think it's important to keep Greece in the eurozone, but if the Greeks won't negotiate in good faith, I don't see how they can. The idea of central banking is to loan money to banks to keep them afloat - unless the banks are insolvent. In that case, it's only throwing good money after bad.

Onward and upward,
airforce

The stock market dropped almost 300 points , Greek pensioners are lining up outside closed banks trying to get their money, and nobody thinks Greece will make their payment tomorrow.

Pay attention to what's happening there, folks. In about five years, that may well be us.

Onward and upward,
airforce

And this is what happens when the Free Shit Army takes over.

Unless something completely unexpected happens, Greece will be in default in about an hour and a half. The IMF has said it will not give Greece a customary 30-day grace period before giving a notice of default .

A referendum on the proposed "austerity" measures is scheduled for next Sunday. Prime Minister Tsipras has hinted that if Greece approves the austerity measures, he may resign. That would be a good thing.

Onward and upward,
airforce

The way I see this, is this type of crisis will happen in country after country (including THIS one), and the "natural" solution by the left will be to confiscate retirement accounts and savings/investments "from the rich" (their definition)... Socialist revolution...

That, and they'll steal if from everyone else through inflation. You'll see a good example of that if, or when, Greece leave the eurozone and goes back to issuing drachmas.

The problem with socialism is, you can only steal from the rich before so long.

Onward and upward,
airforce

And after they steal the money from the people, it will be time for the people to take back what is theirs by force including deadly force and the war will begin

The thing is "the rich" in a lot of those circumstances are middling to upper level government workers and players in the system which authorized the borrowing so that they could keep their own productivity down and salaries up.

The people might have every right to loot them.

They borrowed EU money, transferred it to their own discretionary projects and personal income, then expected foreign taxpayers to pay it back for them.

Cleptocracy

In the case of Greece, the Greeks really only have themselves to blame. They're the ones who voted for higher, government-guaranteed pensions and more government spending. They shouldn't be too surprised at the result.

Onward and upward,
airforce

A new poll has a slim lead for the austerity measures (a YES vote) on Sunday's referendum. The poll shows Yes leading with 47.1%, No with 43.2%, and Undecided with 6.3%.

Onward and upward,
airforce

And when they can't get cash?

Then I stop paying bills, and if SHTF. I am heading right back to my survival retreat to reclaim what is rightfully mine. I keep enough silver coin to purchase food and fuel to get pretty far to where I need to go.

My money from the "system" is pretty much a break even or slightly better than break even with the "system's" share of my expenses. So if the direct deposits stop coming in, the credit, rent, tax and interest payments stop going out. Left with what I am holding, I can make a basic living out of it.

The system has been in a long, slow collapse for years. I don't know the day or the hour, but the global economic system is going to crash and probably soon.

The 1% who run the charade are milking it for everything they can squeeze out of it. All the while conning more and more gullible people to become the systems "useful idiots". Get everyone in the boat as it sinks.

When the collapse reaches critical mass we'll be living in Weimar and ripe for a new global fuehrer who will bring the starving masses "order out of chaos". The old system will be replaced with "something new, better." A cashless, totalitarian control matrix.

He will make the false promise of peace and safety and there shall be none.

Better get ahead of the game now while there is still some time. Finalize your preps. Pull ALL your soon to be worthless fiat currency OUT of their system and thus their control. Invest that cash in tangible assets that only you know about.

I fear we have a short window of opportunity and it's going to be a very bumpy ride soon.

"It\'s all coming apart," says Ron Paul. And he hasn't been wrong too many times. About a six minute video.

Onward and upward
airforce

Everyone knows that Greece is out of cash. It may soon be out of food, as well.

This could get interesting.

Onward and upward,
airforce

Gee, I wonder how Greece got in this predicament?



Onward and upward,
airforce

With a third of the votes counted, the NO votes are leading, 60% to 40% . Even when their economy is on the verge of collapse, the Greeks don't want to give up their free stuff. Sad, but not all that surprising.

Onward and upward,
airforce

It was a contest between reason and insanity, and insanity won in a landslide . You can expect a little "volatility" in the financial markets tomorrow. Nothing like what Greece is about to go through, but still...

Onward and upward,
airforce

There are a few things we can all learn from the Greek debacle:

1. If something can't go on forever, it won't go on forever.

2. If a debt can't be repaid, it won't be repaid.

3. If a promise can't be kept, it won't be kept.

Prepare accordingly.

Onward and upward,
airforce

Greeks are taking it like boot licking slaves. To solve all their problems they should just default on all debt, nationalize (seize) all foreign assets in their country, expel all foreigners, wipe out all debts, stop all imports, then start all over with trade and barter. Let the sorry damn bankers go broke and cry about it if they made bad loans.

I live debt free. If I can't pay cash for something I do without it until I can pay for it.

The best choice, to abandon socialism and move to a free market economy, wasn't on the ballot. Real capitalism (not crony capitalism) would allow the economy to grow out of the current financial crisis. But I guess the world will have to hit rock bottom before that happens.

Onward and upward,
airforce

You know, that ouzo hangover I had in Greece 30 years ago was one of the worst things in my life, but Greeks are about to experience something far worse . After a very long day, I was alright. Greece's hangover is going to last a whole lot longer.

Onward and upward,
airforce

Bare Supermarket Shelves In Greece Should Be A Huge Wake Up Call To Millions Of Clueless Americans

July 6, 2015 by Michael Snyder

What you are watching unfold in Greece right now is eventually going to come to your own neighborhood. Someday, people living all around you will be storming the supermarkets in a desperate attempt to secure the food and supplies that they neglected to store up when they had the chance. Of course the Greeks never thought that it would happen to them either. Their civilization had endured for thousands of years, and they were a part of the most powerful economic alliance on the face of the planet. Most Greeks never imagined that they would be plunged into a multi-year economic depression that would ultimately lead to “bank holidays”, long lines at ATM machines, and people diving into dumpsters in a frantic search for something to sell. And this is just the beginning of the chaos in Greece – things are going to get much, much worse for them. Hopefully, this will serve as a wake up call for millions upon millions of clueless Americans out there, because we are on the exact same path that Greece has gone down. The sad truth is that no amount of “American exceptionalism” is going to prevent us from suffering the consequences of decades of very foolish decisions. We are steamrolling toward our own version of economic collapse, and when that time arrives you don’t want to be caught totally unprepared for it.

In some cities in the United States, it only takes an inch or two of snow during the winter to set off panic hoarding at local supermarkets and hardware stores.

So what is going to happen during a real crisis?

The Greek people are just like us. They are proud, sophisticated people that are highly educated. But now that a full-blown collapse of their economy is imminent, they are feverishly hoarding cash and food…

Greeks were hoarding cash and food Saturday amid mounting fears the economy could collapse, cracking open their wallets only to stock up on essentials and stripping supermarket shelves in the process.

Mothers, elderly men and university students were spotted pushing heavily overloaded trolleys or coming out of shops weighed down by bags of food, with essentials such as sugar, flour and pasta top of the list.

In the well-off area of Glyfada in Athens residents appeared to have panicked, thrusting everything from vast rolls of toilet paper to multiple packs of lentils into their carts.

If you do not believe that something like this could happen in the United States, you are being delusional. And someday, we may actually experience a crisis in which the store shelves are emptied and they do not get resupplied. What would you and your family do during such a scenario? The following photo of what is happening in Greece right now comes from Twitter…

A colleague of mine send me this pic from a supermarket in Athens #Greece(!!!)… welcome to Venezuela (???) pic.twitter.com/yQA36z9mAs

— Vasilis Dalianis (@VasilisDalianis) July 4, 2015

And of course not all Greeks have enough money to hoard food and supplies at this point. As poverty has grown, dumpster diving has become increasingly popular. Some dumpster divers are looking for something to sell, while others are simply looking for something to eat…

Piled high with rubbish congealing in the summer heat, municipal dustbin R21 on Athens’ Sofokleous Street does not look or smell like a treasure trove.

But for Greece’s growing army of dustbin scavengers, its deposits of rubbish from nearby stores and grocery shops make it a regular point of call.

“Sometimes I’ll find scrap metal that I can sell, although if I see something that looks reasonably safe to eat, I’ll take it,” said Nikos Polonos, 55, as he sifted through R21’s contents on Tuesday morning. “Other times you might find paper, cans, and bottles that you can get money for if you take them back to the shops for recycling.”

But that could never happen in America, right?

After all, aren’t we “the greatest nation in the world”?

Sadly, what we experienced in 2008 was just a preview. We have piled up the greatest mountain of debt in the history of the planet, our financial system has been transformed into a gigantic casino, and our leaders have been making some of the dumbest decisions imaginable for decades.

In the end, all of our foolishness is going to catch up with us in a big way.

But of course most Americans don’t want to believe it. They want to believe that we will always be the biggest, baddest, most powerful nation on the entire globe. The following are some actual comments that were left on some of my recent articles…

-“The dollar is not going to collapse. It is too big of a cog in the global order.”

-“We’re Americans! This could never happen to US.”

-“we will have a recession nothing more. Some people will see injustice from looters and some elderly will be meet their maker b/c no one will care to help anyone. But The recession will end and we will have a real recovery.”

-“There is no collapse coming, at least not in the U.S. There will be recessions and depressions, but the resiliency and the sheer economic power of this nation means there is no collapse in any reasonable time horizon. Doomsday prophets have a history of being wrong in the United States of America.”

-“C’mon guys look around. This is the best time to be alive ever. I believe in being prepared for what you can’t see coming, but the world is doing just fine. There’s no need to EXPECT some variation of a doomsday scenario. It’s highly improbable.”

Yes, there are a couple million Americans that are actively prepping, but for the most part it appears that most people still have a tremendous amount of faith in the system. They arrogantly believe that we are just too smart, too powerful and too wealthy to ever fall.

But I am here to tell you that the greatest economic crisis in modern American history is imminent. That is why the title of my new book is “Get Prepared NOW“. On the cover of the book, the word “NOW” is in larger letters than everything else. There is a reason for that. I am not kidding when I say that you need to get prepared immediately. If you wait, you are going to end up like the people rushing into the grocery stores at the last minute in Greece.

When it comes to preparation, it doesn’t have to be complicated. Initially, it is good to focus on “the big five”…

1. shelter

2. food

3. water

4. power

5. security

During any major emergency, every single one of us is going to need a roof over our heads, food on the table, clean water to drink, a back up source of emergency power and a way to defend our families and our homes.

You would be surprised at how many Americans do not even have those basic things covered. They just trust that Wal-Mart will always be open, that Obama has things under control, and that the federal government will swoop in and save them if some sort of emergency ever does happen.

To those that still trust in the system, I would urge you to look at what is happening in Greece. A modern European nation is plunging into a full-blown economic collapse, and the same things that are happening over there will be happening over here someday. It is just a matter of time.

So please, get prepared now, because time is running out.

Courtesy of Michael Snyder @ End of the American Dream.

The European Central Bank will be meeting tomorrow. If deal isn't reached, Greek banks could be bankrupt by Wednesday evening , forcing Greece off the euro and back onto the drachma - which will immediately be greatly discounted.

Folks, read the article ConSigCor posted above. This might be happening sooner than anyone thinks.

Onward and upward,
airforce

Yes bad things will be happening here but not in the same way it will be happening in Greece.

The USA is not Greece and there is one very big difference that needs to be understood.

There are around 100 Million Gun Owners in the USA, while in Greece they are effectively Unarmed.

Anyone who thinks American Gun Owners will behave like Good God Fearing People and not turn into Wolves praying on Sheep are delusional.

The Law of the Jungle will be the new Law of the Land and those with Firearms will be the Wolves who will Pray on the Unarmed Sheep.

And that even includes most of the Members of AWRM.

And one more thing.

How many of us have given any thought to Biblical Prophesy and that what is happening in Greece and will most likely be happening here are all part of what is supposed to happen before the rise of the Antichrist and the return of our Savior.

I considered it Vader, the biblical prophecy angle. I think what we'll see is going to look more like the Soviet collapse then Greece.

Yes, we live in Biblical times...though most refuse to see it...even when IT is starring them in the face.

All things are about to get real ugly.

And that's why I don't believe we are in a reversible scenario. The best we can do is prepare to face the worst case scenario.

I think, when it happens in the U.S., it'll be something like this:



Onward and upward,
airforce

You got it.

There is NO political solution. The amerikan empire, just like Rome before it, is in the slow collapse into a new dark age.

There is an economic solution, but don't expect any of our leaders to choose it. If socialists knew anything about economics, they wouldn't be socialists.

Onward and upward,
airforce

Greeks are turning what currency they have into tangible assets. Or trying to, anyway. Sellers of gold and silver are no longer taking bank transfers (checks or debit cards). I don't know how wise an investment a designer handbag is, but it's probably better than cash.

Onward and upward,
airforce

it probably isn't related, but the New York Stock Exchange is down . And China's stock market is collapsing. And Greece is asking for more money again. And pension funds are going broke. But don't worry, all is well.

Onward and upward,
airforce

Far too many "bad signs" are lining up pointing in the same direction for it to be "just a coincidence"...

There are no coincidences.

We just need to pay close attention to what is happening and read Matthew 24:32

What is now happening and what is soon going to happen is just what must happen.

I believe we are now living in what is called the Birth Pangs of the Great Tribulation.

Don't disagree with you Vader, except I'd read Matthew chapter 24 and 25 since those chapters are all a description of what we are will face in that time.

I have Brother, I have read both 24 and 25 especially the Words In Red. And those Words are all ABSOLUTELY TRUE as is the rest of the Bible.

At least we know that in the end we will be Going Home and death is nothing to Fear.

We just need to do our best to be worthy of Him and His Love and Mercy.

But as for our once Great Republic, that used to Love Him there will be no Mercy for our Nation, has now Forsaken Him.

Greek newspapers are running out of paper. it could be worse. If you're planning on traveling to Venezuela, you better bring your toilet paper with you.

Meanwhile, socialist Sen. Bernie Sanders [url=http://www.rollingstone.com/politics/news/weekend-with-bernie-sanders-20150709[is drawing huge crowds on the presidential campaign trail[/url]. People never learn.

Onward and upward,
airforce

The Greeks are getting a little restless. Greece is looking more and more like a failed state.

Lots of photos at the link.

Onward and upward,
airforce

The European Union has floated another $95 billion loan to Greece, after Greece signed off on the austerity measures they fought so bitterly over. And the Greek socialist Prime Minister ... tomorrow - a vote he may very well lose .

Onward and upward,
airforce

Well, the Greek prime minister fooled everyone. Figuring he would lose a confidence vote anyway, he will resign and schedule new elections for Sep. 20.

My guess is he wants the popular vote as soon as possible, before all those new austerity measures have time to sink in.

It's going to be interesting to see how this goes.

Onward and upward,
airforce

This 2 Day Stock Market Crash Was Larger Than Any 1 Day Stock Market Crash In U.S. History

By Michael Snyder, on August 21st, 2015

We witnessed something truly historic happen on Friday. The Dow Jones Industrial Average plummeted 530 points, and that followed a 358 point crash on Thursday. When you add those two days together, the total two day stock market crash that we just witnessed comes to a grand total of 888 points, which is larger than any one day stock market crash in U.S. history. It is also interesting to note that this 888 point crash comes in the 8th month of our calendar. Perhaps that is just a coincidence, and perhaps it is not. It just struck me as being noteworthy. This is the first time that the Dow has dropped by more than 300 points on two consecutive days since November 2008, and we all remember what was happening back then. Overall, this was the worst week for the Dow in four years, and there have only been five other months throughout history when the Dow has fallen by more than a thousand points (the most recent being October 2008). Of course we still have six more trading days left in August, so there is plenty of time remaining for even more carnage.

By itself, the 530 point plunge on Friday was the ninth worst stock market crash in all of U.S. history. The following list of the top eight comes from Wikipedia…

#1 2008-09-29 −777.68

#2 2008-10-15 −733.08

#3 2001-09-17 −684.81

#4 2008-12-01 −679.95

#5 2008-10-09 −678.91

#6 2011-08-08 −634.76

#7 2000-04-14 −617.77

#8 1997-10-27 −554.26

Another very interesting thing to note is that the largest stock market crash in U.S. history took place on the very last day of the Shemitah year of 2008, and now we are less than a month away from the end of this current Shemitah year.

It is funny how these strange “coincidences” keep happening.

The financial carnage that we witnessed on Friday was truly global in scope. On a percentage basis, Chinese stocks crashed even more than U.S. stocks did. Japanese stocks also crashed, so did stock markets all over Europe, and emerging market currencies all over the planet got absolutely destroyed.

The following is how Zero Hedge summarized what went down…

China’s worst week since July – closes at 5 month lows
Global Stocks’ worst week since May 2012
US Stocks’ worst week in 4 years
VIX’s biggest weekly rise ever
Crude’s longest losing streak in 29 years
Gold’s best week since January
5Y TSY Yield’s biggest absolute drop in 2 years

Even though I specifically warned that this would happen, and have been explaining why it would happen on my website in excruciating detail for months, the truth is that I didn’t expect stocks to start crashing this quickly or this ferociously.

Normally, August is a fairly slow month in the financial world. As I have discussed previously, most of the really noteworthy stock market crashes throughout history have taken place during the months of September and October. So I thought that things wouldn’t start getting really crazy for another few weeks at least.

Financial markets tend to fall much faster than they go up, and I believe that we are moving into a time of extraordinary volatility. There will be huge down days, and there will also be huge up days. In fact, the three largest single day rallies in Dow history happened right in the middle of the financial crisis of 2008. So don’t let what happens on any one particular day fool you.

An absolutely gigantic global financial bubble is beginning to burst, and stocks could potentially fall a very, very long way. For instance, just consider what MarketWatch columnist Brett Arends has just written…

I don’t mean to be alarmist or to induce panic, but someone needs to tell the public that there is a plausible scenario in which the U.S. stock market now collapses by another 70% until the Dow Jones Industrial Average falls to about 5,000.

It is important to keep in mind that Arends is not a “bear” at all. He is a very level-headed analyst that tries to objectively look at all sides of things.

I sincerely hope that global financial markets will stabilize for at least a couple of weeks. But there is absolutely no guarantee that will happen.

So many of the things that I have been warning about on this website and on End of the American Dream are starting to unfold right in front of our eyes. If I am right, this is just the beginning. I believe that we are moving into a time of unprecedented chaos, and our nation is about to be shaken to the core.

Hopefully you have been preparing for the storm that is coming for quite a while and you will not be surprised by what is about to happen.

Unfortunately, the same cannot be said for the vast majority of Americans. Most of them are totally unprepared for what is coming, and they are going to be completely blindsided by the events that will unfold in the months ahead.

The relative calm of the past few years has lulled millions into a false sense of complacency.

If you are one of those that have dozed off, I have a word of warning for you…

Wake up and get ready.

It’s starting.

The stock market is way over due for a crash. The assets of the companies selling stock on the stock market is not equal to the price of the stock they have sold. The stock market is a bunch of rich lazy punks who don't work speculating on others misfortunes. Let it crash. I would not invest a dime on the stock market. The bankers need to go ahead and take the loss on all their bad loans. The 2008 banker bail out should not have occurred. Screw the damn bankers. Bankers hate to see loans paid off. They want to just collect interest on the loan forever. It is time push the restart button and let the bankers go cry about it. Declare a year of Jubilee, default on all loans, and start over. They rest of us don't need bankers. We can work, trade, and barter without any damn bankers.

I keep hearing that late September something real big and not very pleasant is coming in the financial world.

A good stock market "correction" is going to weak havoc on states with underfunded public sector pension funds - states like California and Illinois, which aren't in great financial shape to begin with.

Since their employees are contributing very little - or nothing at all - into the funds, the fund managers have been forced to go into higher-yielding, riskier investments. This could get nasty.

Onward and upward,
airforce

I'm working on a detailed post on that subject now.

The sheer amount of events coming almost everyday in Sept. are ominous. And, they will affect much more than just the financial sector.

The Greek voters have spoken, and socialist Alexis Tsipras will remain as prime minister. Proving once again that democracy is really, really dumb.

Onward and upward,
airforce