MY LADIES: [5:37 AM] Princess DD: <<< Running Out of Cash, Greece Counts on ECB to Avert Black Monday http://ift.tt/1fXWy5a
Greek Finance Minister Yanis Varoufakis said he’s opposed to the “very concept” of capital controls, though he told the BBC that the stability of the banking system was a “matter we will have to work overnight on.”
MY LADIES: SO I GUESS HE'S STILL LOOKING IN THAT HAT FOR ONE LAST RABBIT!
“Monday could be a bank holiday” in Greece, Irish Finance Minister Michael Noonan said late Saturday. “ It’s not a question of waiting to see what might happen on Monday in terms of crisis. The crisis has commenced .”
MY LADIES: RIGHT THE CRISIS IS HERE AND NOW...SO WHAT IS THE NEXT STEP TO KEEP THE CALM
....
Greek Finance Minister Yanis Varoufakis said he’s opposed to the “very concept” of capital controls, though he told the BBC that the stability of the banking system was a “matter we will have to work overnight on.”
MY LADIES: SO I GUESS HE'S STILL LOOKING IN THAT HAT FOR ONE LAST RABBIT!
“Monday could be a bank holiday” in Greece, Irish Finance Minister Michael Noonan said late Saturday. “ It’s not a question of waiting to see what might happen on Monday in terms of crisis. The crisis has commenced .”
MY LADIES: RIGHT THE CRISIS IS HERE AND NOW...SO WHAT IS THE NEXT STEP TO KEEP THE CALM
....
Two senior Greek bank executives said as many as 500 of the country’s more than 7,000 ATMs had run out of cash as of Saturday morning, and that some lenders may not be able to open on Monday unless there was an emergency liquidity injection from the Bank of Greece.
Bank of Greece Governor Yannis Stournaras said in a statement Sunday the central bank would “take all measures necessary to ensure financial stability” in the country.
MY LADIES: AT THIS POINT I'M NOT SURE WHAT MEASURES THEY'RE TALKING ABOUT
OH NOOOOOO IT JUST KEEPS UNRAVELING...SEE WHAT HAPPENS WHEN YOU PULL THE THREAD???
An official with Greece’s Capital Markets Commission, the markets’ regulator, also warned that the Athens Stock Exchange may be unable to operate on Monday without a cash injection into the banking system. A Greek central bank spokesman said it was making efforts to supply money.
MY LADIES: THERE WILL BE AFTER SHOCKS ...NO DOUBT ABOUT IT
NOVA ARE YOU GETTING ALL THIS??? I MEAN ALLLLLL THIS???
PrincessDD: Spaniards continue to hold on to peseta http://ift.tt/1No018l
MY LADIES: VERY GOOD WORK PRINCESS, HERE WE SEE SPAIN STILL HOLDING ONTO THEIR CURRENCY
PrincessDD: Yes I have a friend in Spain and we were just looking at it last night.
************
Chatter: Greece Standing Strong On The Shoulders Of Russia & China, Plus The Road To $19,000 Gold http://ift.tt/1H43I3R
MY LADIES: NOW THIS PARTICULAR PUBLICATION IS VERY SLANTED AND NOT MY USUAL READ BUT I WANT TO LOOK AT IT TODAY BECAUSE WHILE THEY ARE SLANTED THEY HAVE SOME EXCELLENT POINTS IN HERE. THANKS CHATTER FOR BRINGING IT IN.
SO LET'S HAVE A LOOK, WE TALKED LAST NIGHT ABOUT GREECE JOINING BRICS RIGHT??
SO WHAT DO WE SEE TODAY...
Greece Standing Strong On The Shoulders Of Russia And China
Well, Greece does have a lot of leverage because they are looking to the East to China and Russia, both of whom have been making overtures to Greece.
China already owns 1/3 of a Greek port and they want to buy a full 100 percent stake in that key port. The Chinese will then send trains through Greece, up to Budapest and to Germany.
And Russia has already offered Greece a spot with the BRICS Bank. Russia has also said they will build a gas pipeline through Greece, which will go to the rest of Europe.
The bottom line is there is an inevitability of monetary hegemony and economic hegemony by the East, in which China will play the lead role, and an inevitability to a gold standard.
This is one of the reasons why Greece does not mind becoming independent because they know they can become part of a currency that is backed by gold .
MY LADIES: SO THERE ARE BETTER OPTIONS FOR GREECE IN THE FUTURE FOR SURE. SOMETIMES THE GRASS REALLY IS GREENER ON THE OTHER SIDE OF THE FENCE.
**************
MY LADIES: OK I JUST GOT OFF THE PHONE WITH HXXXXXX,
DO WE WANT TO HAVE A GOSSIP SESSION WHILE WE LOOK INTO MY CRYSTAL BALL??
SO HXXXXXXX IS IN THE WORLD OF HIGH FINANCE ALL THE TIME AND HE HAD 3 VERY GOOD CONVERSATIONS YESTERDAY.
SO YESTERDAY WE TALKED ABOUT WHAT WILL HAPPEN IF THE EURO ZONE STARTS TO CRUMBLE RIGHT???
SO AS PEOPLE ARE UNRAVELING OUT OF THE EURO WHERE WILL THEY GO???
SO ANYBODY...WHERE WILL EVERYONE COMING OUT OF THE EURO PUT THEIR MONEY????
BRO: The dollar.
MY LADIES: VERY GOOD BRO….WORK WITH ME PEOPLE PLEASE....SO WHAT WILL HAPPEN TO THE DOLLAR????
BRO: Go higher. Really fast.
MY LADIES: EXACTLY BRO..AND THEN WHAT WILL HAVE TO HAPPEN????
PrincessDD: In their own currency……dollar will tank… It will reprice next year as you said yesterday
MY LADIES: YES PRINCESS BUT HOW, HOW WILL THE PRESSURE HAVE TO COME OFF THE DOLLAR VERY VERY FAST???
BRO: It will go south quick.
MY LADIES: YES THAT IS CORRECT BUT LONG BEFORE THAT WHAT WILL HAVE TO HAPPEN IS WE WILL SEE THE FED MAKE AN ANNOUNCEMENT SAYING WHAT???
PrincessDD: That the EURO has caused a plunge in the USD
MY LADIES: RIGHT PRINCESS INDEIRECTLY AND OVER SOME TIME
12d: spike in interest rates?
MY LADIES: I 2 D THAT'S RIGHT... IT ALL GOES TO HELL IN A HAND BASKET.
Dale: I think the derivatives market will play a big part in all of this restructuring…w Greece defaulting, it should create a situation that causes the derivatives market to explode and crash…thus leaving us with a new banking system that is no long hampered by Trillions in derivatives…finally our own banking system will be solvent and not in jeopardy of bail in’s…thats my take
MY LADIES: VERY GOOD DALE YOU GET THE CONDUCTORS HAT TODAY!!
MY LADIES: SO WHERE IS THIS TRAIN GOING NOW...
PrincessDD: Its going to smash into another train on Tuesday
BRO: Currencies must be asset back.
MY LADIES: SO IF THERE IS A BANK HOLIDAY ON MONDAY...WE WILL SEE OVERFLOW HERE VERY, VERY FAST…IF THERE IS A BANK HOLIDAY TOMORROW THE INTEGRITY OF THE WHOLE EURO ZONE WILL SHAKE.
Bank of Greece Governor Yannis Stournaras said in a statement Sunday the central bank would “take all measures necessary to ensure financial stability” in the country.
MY LADIES: AT THIS POINT I'M NOT SURE WHAT MEASURES THEY'RE TALKING ABOUT
OH NOOOOOO IT JUST KEEPS UNRAVELING...SEE WHAT HAPPENS WHEN YOU PULL THE THREAD???
An official with Greece’s Capital Markets Commission, the markets’ regulator, also warned that the Athens Stock Exchange may be unable to operate on Monday without a cash injection into the banking system. A Greek central bank spokesman said it was making efforts to supply money.
MY LADIES: THERE WILL BE AFTER SHOCKS ...NO DOUBT ABOUT IT
NOVA ARE YOU GETTING ALL THIS??? I MEAN ALLLLLL THIS???
PrincessDD: Spaniards continue to hold on to peseta http://ift.tt/1No018l
MY LADIES: VERY GOOD WORK PRINCESS, HERE WE SEE SPAIN STILL HOLDING ONTO THEIR CURRENCY
PrincessDD: Yes I have a friend in Spain and we were just looking at it last night.
************
Chatter: Greece Standing Strong On The Shoulders Of Russia & China, Plus The Road To $19,000 Gold http://ift.tt/1H43I3R
MY LADIES: NOW THIS PARTICULAR PUBLICATION IS VERY SLANTED AND NOT MY USUAL READ BUT I WANT TO LOOK AT IT TODAY BECAUSE WHILE THEY ARE SLANTED THEY HAVE SOME EXCELLENT POINTS IN HERE. THANKS CHATTER FOR BRINGING IT IN.
SO LET'S HAVE A LOOK, WE TALKED LAST NIGHT ABOUT GREECE JOINING BRICS RIGHT??
SO WHAT DO WE SEE TODAY...
Greece Standing Strong On The Shoulders Of Russia And China
Well, Greece does have a lot of leverage because they are looking to the East to China and Russia, both of whom have been making overtures to Greece.
China already owns 1/3 of a Greek port and they want to buy a full 100 percent stake in that key port. The Chinese will then send trains through Greece, up to Budapest and to Germany.
And Russia has already offered Greece a spot with the BRICS Bank. Russia has also said they will build a gas pipeline through Greece, which will go to the rest of Europe.
The bottom line is there is an inevitability of monetary hegemony and economic hegemony by the East, in which China will play the lead role, and an inevitability to a gold standard.
This is one of the reasons why Greece does not mind becoming independent because they know they can become part of a currency that is backed by gold .
MY LADIES: SO THERE ARE BETTER OPTIONS FOR GREECE IN THE FUTURE FOR SURE. SOMETIMES THE GRASS REALLY IS GREENER ON THE OTHER SIDE OF THE FENCE.
**************
MY LADIES: OK I JUST GOT OFF THE PHONE WITH HXXXXXX,
DO WE WANT TO HAVE A GOSSIP SESSION WHILE WE LOOK INTO MY CRYSTAL BALL??
SO HXXXXXXX IS IN THE WORLD OF HIGH FINANCE ALL THE TIME AND HE HAD 3 VERY GOOD CONVERSATIONS YESTERDAY.
SO YESTERDAY WE TALKED ABOUT WHAT WILL HAPPEN IF THE EURO ZONE STARTS TO CRUMBLE RIGHT???
SO AS PEOPLE ARE UNRAVELING OUT OF THE EURO WHERE WILL THEY GO???
SO ANYBODY...WHERE WILL EVERYONE COMING OUT OF THE EURO PUT THEIR MONEY????
BRO: The dollar.
MY LADIES: VERY GOOD BRO….WORK WITH ME PEOPLE PLEASE....SO WHAT WILL HAPPEN TO THE DOLLAR????
BRO: Go higher. Really fast.
MY LADIES: EXACTLY BRO..AND THEN WHAT WILL HAVE TO HAPPEN????
PrincessDD: In their own currency……dollar will tank… It will reprice next year as you said yesterday
MY LADIES: YES PRINCESS BUT HOW, HOW WILL THE PRESSURE HAVE TO COME OFF THE DOLLAR VERY VERY FAST???
BRO: It will go south quick.
MY LADIES: YES THAT IS CORRECT BUT LONG BEFORE THAT WHAT WILL HAVE TO HAPPEN IS WE WILL SEE THE FED MAKE AN ANNOUNCEMENT SAYING WHAT???
PrincessDD: That the EURO has caused a plunge in the USD
MY LADIES: RIGHT PRINCESS INDEIRECTLY AND OVER SOME TIME
12d: spike in interest rates?
MY LADIES: I 2 D THAT'S RIGHT... IT ALL GOES TO HELL IN A HAND BASKET.
Dale: I think the derivatives market will play a big part in all of this restructuring…w Greece defaulting, it should create a situation that causes the derivatives market to explode and crash…thus leaving us with a new banking system that is no long hampered by Trillions in derivatives…finally our own banking system will be solvent and not in jeopardy of bail in’s…thats my take
MY LADIES: VERY GOOD DALE YOU GET THE CONDUCTORS HAT TODAY!!
MY LADIES: SO WHERE IS THIS TRAIN GOING NOW...
PrincessDD: Its going to smash into another train on Tuesday
BRO: Currencies must be asset back.
MY LADIES: SO IF THERE IS A BANK HOLIDAY ON MONDAY...WE WILL SEE OVERFLOW HERE VERY, VERY FAST…IF THERE IS A BANK HOLIDAY TOMORROW THE INTEGRITY OF THE WHOLE EURO ZONE WILL SHAKE.
Dale: my great fears of leaving money in FED banks is going to dissipate once this new system is in place and derivatives are crushed and gone from our lexicon
MY LADIES: DALE THAT IS ALL THE PLAN... AND WE ARE WATCHING IT HAPPEN NOW… WE ARE SEEING IT FROM AFAR..AND THE AFTERSHOCKS WILL AFFECT US IN A BIG WAY
BRO: It's going to hit the fan.
PrincessDD: Yea Tuesday will be National SHTF Day! New Holiday. (chuckle)
MY LADIES: NOW OUR BANKS ARE READY FOR THIS TOO, THEY ARE GOING ALONG FOR THE RIDE, THEY KNOW WHAT'S COMING AND THEY ARE READY...SO WE WILL FEEL SOME SHOCKS ….IT WILL NOT BE ANYTHING LIKE WHAT THE EURO ZONE WILL BE GOING THROUGH
PrincessDD: So is this something that would start tonight when the Forex markets start opening with a gradual splat by Tuesday/Wednesday?
MY LADIES: ACTUALLY NO PRINCESS THIS WE WILL SEE TOMORROW WHEN GREECE FAILS TO OPEN
DALE: I believe the derivatives meltdown has already begun…since June 4 when Greece could not pay the IMF a payment it owed…Deutsche bank is in deep trouble right now…as is Chase
LM: I heard the same thing- June 4th and Deutchebank is already melting down, and yes, JPM next...
MY LADIES: THAT'S RIGHT DALE THIS IS WHY WE HAVE BEEN STUDYING WHAT'S HAPPENING WITH GREECE, BECAUSE THEY ARE THE JUMPING OFF POINT FOR EVERYTHING ELSE.
WE KNEW THE DERIVATIVES MARKET NEEDED TO CORRECT AND WE NOW KNOW HOW THAT ALL STARTED
Dale: and the bottom line: An asset backed currency cannot coexist along side a fiat currency.
MY LADIES: EXACTLY DALE!!
LM: The old system is going away and the new one coming in - whether Greece defaults or not, it’s just a question of how soon, because the derivatives have already started melting...
MY LADIES: I'M TALKING ABOUT THE INFLUX OF TRADES INTO THE DOLLAR AFTER THE EUROZONE STARTS UNRAVELING
FH: No question about that influx of the $, and that will cause the rapid rise and the subsequent exhaustion to drop rapidly! The end will coincide with a bottom in gold!
Dale: should cause the USD to go up…while gold will see a modest drop, IMO
MY LADIES: YES I AGREE WITH BOTH OF YOU
MY LADIES: DALE THAT IS ALL THE PLAN... AND WE ARE WATCHING IT HAPPEN NOW… WE ARE SEEING IT FROM AFAR..AND THE AFTERSHOCKS WILL AFFECT US IN A BIG WAY
BRO: It's going to hit the fan.
PrincessDD: Yea Tuesday will be National SHTF Day! New Holiday. (chuckle)
MY LADIES: NOW OUR BANKS ARE READY FOR THIS TOO, THEY ARE GOING ALONG FOR THE RIDE, THEY KNOW WHAT'S COMING AND THEY ARE READY...SO WE WILL FEEL SOME SHOCKS ….IT WILL NOT BE ANYTHING LIKE WHAT THE EURO ZONE WILL BE GOING THROUGH
PrincessDD: So is this something that would start tonight when the Forex markets start opening with a gradual splat by Tuesday/Wednesday?
MY LADIES: ACTUALLY NO PRINCESS THIS WE WILL SEE TOMORROW WHEN GREECE FAILS TO OPEN
DALE: I believe the derivatives meltdown has already begun…since June 4 when Greece could not pay the IMF a payment it owed…Deutsche bank is in deep trouble right now…as is Chase
LM: I heard the same thing- June 4th and Deutchebank is already melting down, and yes, JPM next...
MY LADIES: THAT'S RIGHT DALE THIS IS WHY WE HAVE BEEN STUDYING WHAT'S HAPPENING WITH GREECE, BECAUSE THEY ARE THE JUMPING OFF POINT FOR EVERYTHING ELSE.
WE KNEW THE DERIVATIVES MARKET NEEDED TO CORRECT AND WE NOW KNOW HOW THAT ALL STARTED
Dale: and the bottom line: An asset backed currency cannot coexist along side a fiat currency.
MY LADIES: EXACTLY DALE!!
LM: The old system is going away and the new one coming in - whether Greece defaults or not, it’s just a question of how soon, because the derivatives have already started melting...
MY LADIES: I'M TALKING ABOUT THE INFLUX OF TRADES INTO THE DOLLAR AFTER THE EUROZONE STARTS UNRAVELING
FH: No question about that influx of the $, and that will cause the rapid rise and the subsequent exhaustion to drop rapidly! The end will coincide with a bottom in gold!
Dale: should cause the USD to go up…while gold will see a modest drop, IMO
MY LADIES: YES I AGREE WITH BOTH OF YOU
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