Breaking: Are the Greeks Attempting To Overthrow The Bankers And EU?

We've been reporting on the Greek bank and stock market shutdown over the weekend, but news came to us today from sources inside Greece that a significant amount of the Greek population is in favor of repudiating the debt and resisting EU control over the country.

This is big news. It runs counter to the received – and reported – wisdom that a majority of Greeks favor remaining in the EU and eurozone. When we mentioned this perspective the other day  we also asked “who trusts polls?” especially mainstream media polls.

And this news seems  to corroborate our instinct:  After spilling so much blood and so many tears, it seemed illogical that Greeks would still want to be in such a horrid “union.” And now comes our very own insider report from Greece confirming what seems more logical to us: Many Greeks want to leave.

As our Greek contact from central Greece reports, “I am speechless at how calm, comfortable and weirdly happy the situation has been during the weekend and today.  There are no people yelling.  No riots in front of the banks.  Everyone's enjoying their coffee. This is a major, major shift in psychology.  One which I bet is misunderstood or unexpected by outsiders.”

To put it another way, the people have to a large degree accepted they've been on a drug [credit, government debt and fiat euro currency] and are prepared to go through the withdrawal pains.

According to our high level source, “By calling a referendum (putting the power of choice to the people), the Greek government has ‘given the finger' to The Established Order.”

He went on, “The ‘crisis' chatter of whether the €350B of photocopied money should be rolled over is just noise.” (Ed. note: Making noise about something worthless also makes humans perceive it is of value.)

It's a story of shifting power to the people.

According to our insider, “About 50% of Greeks are enlightened enough to NOT want to kick the can down the road and are WILLING to accept the UNKNOWN PAIN that may come from breaking away from the Established Order.  Yes it's a crisis, but it's a SELF-INVOKED crisis, and that's cause for CELEBRATION.”

This is in stark contrast to the financial crisis in the US in 2008.  The people didn't remotely come close to having the opportunity to choose in 2008. And even though the government initially voted NO to the pro-offered $700B bailout program, markets began to crash hard. That scared legislators into a re-vote, following which they accepted a $700 billion TARP “bailout” enslaving the American people further.

Similarly, in Cyprus in 2013, the monetary crisis happened so fast the people didn't have a chance to blink. The government did exactly what it was supposed to do: take funds from depositors to keep the banks alive.

Those Cyprus actions set a precedent, of course as it was doubtless supposed to. Just yesterday came reports that Puerto Rico will not be able to pay back some US$70 billion worth of government borrowing.

From the Washington Post:

Some market watchers say investors should have recognized that investing in the island, whose per-capita debt load far outstrips that of any state in the union, was a dubious risk. Despite that, “the governor’s statements that the commonwealth’s debts are ‘unpayable,’ will likely come as a surprise to many . . . bondholders who have willfully ignored the inevitability of a painful debt restructuring,” said a report from Municipal Market Advisers, a firm that tracks the municipal bond market.

Yes, of course this will come as a surprise to gullible bondholders. One must feel sorry for them only because times have changed and many in the West, especially in the US, still have no idea what's in store.

We know of course. Those who ignore mainstream media and analyze obvious trends are well aware.

For various reasons, our panicked elites tend to telegraph their intentions and activities. Perhaps it assuages their guilt. Who knows? But they have been telling us for years, for decades, what they intend to do.

And the Greeks also know, or so our source indicates. And we are not surprised. It is an ancient culture with an abiding contempt for government pontifications about public service and bureaucratic stewardship.

It is no accident that previous Greek governments, at the urging of Brussels, hired helicopters to fly over Athens looking for swimming pools to tax. Tax evasion is a sport to Greeks, who remain firmly family-centric.

All these ancient cultures are the same. The Southern Italians have a similar psychology. It is one of the reasons the modern mafia took root in Italy. If a modicum of money is to be removed forcibly, these farming cultures would rather the wealth was locally extracted.

And so it is with the Greeks, our insider explains. He maintains that, “The Greek ‘crisis' today is unlike all those. It has a clear difference: the crisis has been initiated by choice.”

Here's his timeline:

• Six months ago the Greeks voted in a government with the mandate to “Negotiate new terms of slavery and not accept the current terms of slavery”.
• Negotiations were unsuccessful. On Fri/Sat the EU went as far as offering $15B of fiat scrip and a five-month extension. The world was elated.
• On Saturday night, the Greek government said, “No, we don't want more debt for our people! But, we will let them decide”.

Saying “no” and letting the people decide may be causing Eurocrats to panic. Have we seen at any time in modern history a government giving the people the power to vote on monetary policy, and potentially take back their banking system?  This may be a first.

According to our source this has been their plan all along saying, “Something else most people don't realize is that there's been lots of commentary about finance minister Varoufakis being a pro on “game theory.  Mainstream press and various EU officials have discredited him but what they hadn't caught on to 'till now is that he was not ‘playing the game'; he was distracting them while breaking the game.”

Obviously if the Greeks are trying to break the EU and bankster system on purpose they have our support here at TDV!

Certainly there is going to be a crisis of some sort no matter what happens.  But interestingly, there is no legal mechanism to remove Greece from the Eurozone.  So, what could happen is that Greece repudiates its debt and just continues to live as normal in the EU.

This of course will not be met well by the EU and specifically German taxpayers who have been none-to-pleased to be forced to pay for this Greek sovereignty power play. (Which means this rolling crisis has far longer to run.)

And, certainly the EU and IMF will use every weapon in its arsenal to try to sway the Greeks to vote for austerity and staying on the EU stimulus/austerity program.

According to our source, “Based on recent polls, [at least] 50% of the people now say, ‘Hey, I'm broke either way. I would rather suffer by my own choice without a master, than with a master.'  That level of enlightenment, a border-line majority, is really exciting.”

It is tempting to think so, and our source believes it may be true. On the other hand, we remember inside analyses regarding finance minister Varoufakis. This is a man with a good deal more in common educationally and professionally with his EU negotiating partners than with the common Greeks that make up the political support of his party.

The alternative analysis regarding Varoufakis – and those around him – was that they were giving the impression of resistance to the EU to satisfy various Greek constituencies but that at a critically strategic moment a deal would finally be consumated.

Has that moment come and gone? Has Varoufakis been shoved into a corner and realized that despite his own sentiments, any kind of deal with the EU will be met with a decisive sociopolitical explosion from constituents? Or perhaps Varoufakis has had a change of heart and is simply unwilling to play the cynical game expected of him.

There are as we have mentioned in the past two other possibilities. One is that the crisis is STILL going to be resolved at the last minute through an IMF/EU bailout as so many others have been.

No, I would not be surprised if, at the very last minute, with Greeks still lined up at ATMs and markets around the world quavering and shuddering, that Angela Merkel and Greek negotiators cry out that they are determined to huddle in some posh setting for one last ditch attempt at “salvaging” an agreement (and thus derailing the people's will).

Then with all the world's media focused on them, they will sit in splendor in some hotel or other and dine on sumptuous dishes washed down with expensive wines. Afterwards, they will nap. (The world, however, will receive notice that the principals are “huddled” in tense negotiations.)

Eventually, after a series of Hobbit-like post-supper snacks lasting most of the night, they  will stagger forth bleary-eyed to announce that the EU and the euro have just been saved.

This is what has happened over and over. The world has been treated to the endless heroics of pasty EU bureaucrats and European pols whose biggest challenge is to find room for dessert.

These are endlessly the saviors of Europe. These are the Chosen Few fighting for the solvency of the euro.

But perhaps this time, the deed will be done. The cord may finally be cut, and decisively. This brings me to another speculation, which is that this time the Eurocrats have decided to go for broke. They want – seek – an existential crisis. It is one that will allow them to declare additional emergency powers and turn an economic partnership into a full-scale political union.

This is no idle speculation. It is has been written about many times in the alternative media. The Eurocrats of the day knew what they were doing when they bamboozled Europe into the euro. They knew that forming an economic union before a political one was a death trap.

Supposedly they counted on a series of emergencies that would eventually lead to a strengthened political union as surely as day follows night.

So these are our thoughts as markets roil and tumble and the euro and even the EU look to be in increasing jeopardy.

Are the Greeks really ready to repudiate? Are their leaders sincerely taking a stand against rapacious Eurocrats? Is it a kind of charade that will result in yet another last-gasp compromise? Or has a decision been made to seek out the chaos that will surely come  in order to provide a pretext to seize more Euro-power?

We'll keep our eyes and ears to the ground in Greece as this potential Grexit continues to evolve. Our hope, merciless as it seems in the short term, is that a Grexit does take place and the Greeks finally, firmly, repudiate the Brussels autocracy that has been foisted on them.

Our hope would be that the EU itself begins to crack and crumble, that nations regain their autonomy and that even smaller cultural entities begin to fracture nation-states.

Devolution is what we are looking for in this Internet era. It has happened before in times when information is plentiful and people partake and become enlightened. This is the great fear of our Western ruling classes, and yet it is not something easy to stop. Indeed, it may be inevitable.

Our readers and subscribers doubtless realize this, and that is  one reason we've provided this forum and its services: The future far more than the recent past will belong to the individual. And prepared individuals who have taken the proper steps will prosper where others won't.

For the Greeks it is going to be a long haul, but perhaps this is the beginning of a return to sanity. The next few weeks and months will tell.

In the meantime it is going to be a roller coaster ride for financial and monetary markets as all of this plays out and our advice at The Dollar Vigilante newsletter (subscribe here) is to remain prepared for The End Of The Monetary System As We Know It (TEOTMSAWKI) as it is coming no matter what happens in Greece.