[Update 45]

The dead guy in the middle is the financial markets, and the two guys holding him up are the central banks…

…The central banks can hold up the markets pretty much as long as they wish, take them wherever they want them to go, and then drop them when the timing suits their agenda. Don’t ever forget that.

The Greeks are taking their sweet time and a long convoluted road to get there, but we all know where they’re going: to the Eurozone’s off-ramp, then a right turn onto BRICS Boulevard. But what will happen once they finally exit the Autobahn?

While the Grexit could be used to trigger a Lehman moment, I doubt the globalists will allow that so early in the year. I still anticipate them allowing the Grexit aftermath to ripple through the EU political and economic systems through the summer and then having the Fed administer the global economic coup de grace in September. We have a long summer of revolution in the EU periphery to look forward to.

Look for the Grexit financial preparations made by the Eurozone to prevent a total meltdown until the September FOMC meeting. That way, the Fed can say “the systemic aftermath of Greece’s departure from the Eurozone appears to be sufficiently contained to allow a normalization of interest rates.” Then we’re going down fast…

[Update 46 – 26 June 2015]

Tsipras takes it like a true Spartan

I couldn’t help but notice the wording in this headline from The Telegraph…

…So the German leader says there’s no Plan B, eh?

That’s not what the Greek Defense Minister has said…

>>> “What we want is a deal. But if there is no deal – hopefully (there will be) – and if we see that Germany remains rigid and wants to blow apart Europe, then we have the obligation to go to Plan B. Plan B is to get funding from another source,” he told a Greek television show that ran into early Tuesday. “It could the United States at best, it could be Russia, it could be China or other countries,” he said. <<<

As we enter the weekend, the Eurozone is saying that Greece and the Troika must agree to terms tomorrow. And it appears that Tsipras has surrendered the Greeks’ ultimate red line of cutting pensions. As the independent.ie reports…

“Under the latest proposal, Athens said it will cut the contribution from the Greek state to pensions by between 0.25pc and 0.5pc of GDP this year and by 1pc next year.”

This being so, I wouldn’t be surprised if a deal is struck tomorrow. But that’s not all there is to it. The Greek Parliament must still agree to the deal in order to access the bailout money needed to avoid a default. As India’s Economic Times reports…

“The money, profits from Greek bonds held by the European Central Bank, would be paid out ‘as soon as the Greek parliament has approved with a resolution the agreement with the (creditor) institutions and adopted a first set of legislative actions,’ the document said.”

So the sticking point is still the Parliament. Wouldn’t it be funny if they debated it all week only to finally reject it on July 4th? Would the globalists be so brazen about it? Probably not, now that I’ve spoiled the surprise…

(P.S. – 26 June 2015) – There are reports that Tsipras has rejected the latest proposal, but we’ll see where the puppeteers set his spine switch tomorrow…

(P.S. – 26 June 2015) – There’s been yet another abrupt change of course: Greek PM Tsipras to announce referendum on bailout-sources. According to another report, the referendum would take place on July 5, just 3 days prior to the BRICS Summit.

[Update 47 – 27 June 2015]

Let the Cyrusing begin…

The Telegraph is reporting that Greece’s creditors may be pulling the plug on Monday, and capital controls could begin then. As for the IMF payment on Tuesday, this was reported in mid-June…

“Greece will be in default with the International Monetary Fund at the start of July if it fails to make a repayment on June 30 because there is no grace period or possibility to delay, IMF Managing Director Christine Lagarde said on Thursday.” – (from Fox Business)

Meanwhile in China, their stock market took quite a plunge on Friday. It would appear that the “notable economic downturn” I’ve been expecting is being launched in both the West and East simultaneously.

(P.S. – 27 June 2015) – Zero Hedge is reporting that some Greek banks may not open on Monday for lack of cash. Apparently, the ECB has left Greece’s Emergency Liquidity Assistance capped since Wednesday, and I wouldn’t expect them to allow any more increases given the propaganda that’s coming out now. When they pushed the pause button on the 22nd, it was for only one week it appears.

Now I’m wondering if the script calls for the Greek government to protect their people from being Cyprused. Will the globalists empty out Greece’s assets before the BRICS switchover, or will they let them keep some so the Greek government can play the hero? We’ll just have to wait and see.

(Numerological Sidenote – 28 June 2015) – The whole referendum dustup between Greece and the EU was staged on Saturday the 27th (2 + 7 = 9), and the bank holiday kicks off on Monday the 29th (2 + 9 =11), so we have another 9/11. How cute and diabolical…

For the previous updates in this series, click here.

Love always…