[A-List] Fwd: The Game of "Chicken" is On

[Suzanne de Kuyper]

Do not forget. as we watch the game play out, that the US rating agencies
are very useful to use for distressed buying.  suzanne

---------- Forwarded message ----------
From: Shah's Insights & Indictments <
customerservice at wallstreetinsightsandindictments.com>
Date: Thu, May 24, 2012 at 5:36 PM
Subject: The Game of "Chicken" is On
To: suzannedk at gmail.com


**
  [image: Wall Street Insights & Indictments]   May 24, 2012

Germany and Greece and the Game of "Chicken" *
by Shah Gilani*

Dear Reader,

Summer unofficially kicks off this weekend, at least here in the U.S., as
we celebrate Memorial Day.

Before we even get to the "official" beginning of summer on June 21, sweat
will be pouring from every banker's brow on June 17.

That's the day Greeks go back to the polls to basically determine whether
or not they want to remain in the euro currency bloc.

The game of chicken is on.

Germany has basically said to Greece, we aren't going to ease up on the
austerity requirements imposed on you so you could get more money from all
of us, so, if you think that by electing a left-wing group of groupies who
are campaigning on easing your burdens by leaning on us, your fed-up
creditors, go lean on Atlantis instead, cause that's where you'll end up...
underwater, and lost.

The Greek politicians - at least the lefties throwing curveballs - think
there's no way the Germans will let them exit the currency zone, and of
course don't want them to exit the European Union. They are saying to the
population, elect us, we'll spit on their boots and they'll bend over to
shine them themselves. And, in the end, we the people will prevail.

*Don't You Just Love Democracy at Work? *

I'm talking about the "new" democracy; the too-big-to-fail democracy of the
bankers, by the bankers, for the bankers.

Greek lefties have figured it out. The greedy bankers that set up the
European currency apparatus so they had more borrowers to lend to and the
concerted group of co-opted greedy politicians across Europe who got paid
to go along with their scheme - which was to bury most of their own in a
debt-death spiral - aren't going to let Greece off the hook by letting them
exit the euro currency cell block.

That's because the bankers want their money back.

And if Greece renounces its debts and exits the currency jailhouse, well,
maybe a few other countries will look at those same bankers and smile.
That's all they'll have to do. Because the bankers will know what that
smirk means. Next!

So the bankers are sure that they will all have to eat a little interest,
and maybe some principal, but they'll come to the rescue at the last
second, and Greece's liar loans will be "renegotiated."
*
But there's only one problem the bankers haven't figured out...
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*

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