I’ve written about Yanis Varoufakis a few times. I check him out whenever there’s a flare up in Greece. There’s one now, so I headed over to his blog and found that he’ll be running on the SYRIZA ticket. He seems a genuine guy, with some really whacked out ideas on centralizing the entire European … Continue reading Yanis Varoufakis Running on the SYRIZA Ticket in Greece Elections
I ran into a rather amazing find last week when I heard an Australian radio interview with a Greek economist named Yanis Varoufakis on the topic of the insanity in the Eurozone. Aside from having an awesome name, Dr. Varoufakis is sharp, articulate, and a contrarian. He was saying things I generally agree with but … Continue reading Yanis Varoufakis and Economic Morality in the Eurozone
Here we go again. The Greek people are once again going to vote, today, Sunday September 20, for the people that will take their money. The only interesting thing about this election is how many seats Golden Dawn will get. When a political party is named like a Jew for Jesus would name a synagogue … Continue reading Greece Heads Back to the Polls to Vote For…What?
Months ago, around the last Greek elections when Syriza was elected, I went short the National Bank of Greece. I bought 20 contracts of a 50 cent January 2016 put for 10 cents each. For those who aren’t familiar with options, a put gives me the right to sell a security at a certain price … Continue reading After all that, finally covering my Greek put option shorts
Well, if the whole blood moons thing is correct, which I still doubt but it is possible, then the picture has to start deteriorating fast. Like now, within the next two months. According to Blood Moon Theory or whatever you want to call it, we have until Hoshanah Rabba 5776 for the world to change … Continue reading Four Blood Moons Calling? Greek Elections again, S&P Minicrash, Gold bear over?
Varoufakis has said this in the past, that if maintaining the illusion of an artificial fiat monetary union becomes too expensive for those who have to support it (Germany), then Germany will simply exist. There is no problem with Germany going back to the Deutschemark. Or Mark. Or whatever it is. (Or GOLD or God’s … Continue reading My Advice to Italy and France: Don’t Poke Germany, They Might Leave
This will be the ultimate test for the global financial system to date, since the 2008 financial crisis. I turned on my computer Motzei Shabbos and it took me a few minutes to make sense of all the headlines. Apparently, what is happening is this. Greece’s creditors want spending cuts, Greece says only tax hikes. … Continue reading Greece Defaults in Three Days, Global Collapse May Begin July 1
I can’t resist. It’s just too poetic. Tsipras was quoted as penning this rhetorical flourish, not bad for the Rambam at the end of one of the 14 books of the Yad, except full of much more bull: Those who perceive our sincere wish for a solution and our attempts to bridge the differences as … Continue reading Tsipras Insists on Saving Democracy, But Democracy is what is Destroying Europe
The back and forth on Greece is starting to drive even me nuts. As we get closer to the deadline of reality (whenever that is), the Greek government – the entire Eurozone really – is acting more and more like a cornered animal, changing its tune and tone every hour instead of every day. It’s … Continue reading My Last Word On Greece Until they Leave the Euro
Yanis Varoufakis says it can be paid. Many aren’t too sure about that. But even if it is, there won’t be enough money left to pay Greek bureaucrats, who will have to be issued IOU’s, which will start circulating as a parallel currency, which will be a de facto exit from the Euro. I went over … Continue reading Can Greece Pay Up €750M Tomorrow?