[Update 54]

As time marches forward to the 7th BRICS Summit and the opening of the BRICS New Development Bank (NDB) next week, let’s take a look at some clues in the media about what Greece might do…

Clue #1 – On January 14th of this year, 11 days before Syriza was elected and he was given the post of Greek Defense Minister, Panos Kammenos was in Russia attending a roundtable discussion called “The parliamentary elections in Greece: a change of course and exit from the euro zone”…

…Kammenos is the one boxed in red.

Here is what the peacekeeper.ru site reported at the time…

>>> A roundtable discussion ‘The parliamentary elections in Greece: a change of course and exit from the euro zone’ took place in Rossiya Segodnya news agency on Wednesday, January 14.

The discussion was attended by the leader of Independent Greeks opposition party Panos Kammenos, Institute of geopolitical issues Director Philippos Tsadilis, Russian Peacekeeper web review Chied Editor Evgeny Belsky, Russians Abroad Institute Deputy Director Alexander Shchedrin and InfoRos information agency Chief Editor Denis Tyurin. <<<

“A change of course and exit from the euro zone,” eh? What did they know then that we still don’t seem to know now?

Clue #2 – In an article titled Greeks Enthusiastic About Joining BRICS New Development Bank, Sputnik has reported that…

>>> On June 19, Greek Energy Minister Panagiotis Lafazanis told Sputnik that Greece could become the first non-founder members of the NDB, joining on an equal footing as its current members, as soon as the bank was launched. <<<

Since the bank is being launched next Tuesday, that suggests Greece might join next week.

Clue #3 – In this RT article, the remarks of another Greek government minister was reported…

>>> “I think there is a lot of potential [in Russian-Greek relations] in a number of sectors,” Giorgos Stathakis, Minister of Economy, Infrastructure, Shipping and Tourism said. As soon as problems which “exist at this point between the EU and Greece are overcome, then relations [between Moscow and Athens] will be fully developed,” he added.

Stathakis added that he was “happy with that,” but was reluctant to disclose if any “results” had been achieved at the forum.” <<<

So what are the “problems which exist at this point between the EU and Greece”? The bailout question, right? And that question will be settled by Sunday’s Greek referendum. This would suggest that Greece might “fully develop” Eastern relations as soon as the votes are counted. I also found it was quite curious that the article said Stathakis was “reluctant to disclose” any results that had been achieved. The wording made it sound like he was keeping a secret – a secret that may give birth to a big surprise later on.

So while the Western media have been downplaying Greece’s overtures towards Russia as mere bargaining maneuvers in reaching a deal with the Troika, Greece’s government ministers have been saying some very interesting things for those with ears to hear. Given this, there are two ways I see next week playing out: an orderly switchover or a disorderly switchover.

The Orderly Switchover – Greece will join the BRICS Bank next week and begin their transition back to the drachma with the backing of the East.

The Disorderly Switchover – Greece will fail to join the BRICS Bank next week, and they will fall into economic and social disarray. Having failed to close a deal with either the Troika or the BRICS, Syriza will disintegrate and the Greek military will have to step up to maintain some semblance of order. The Defense Minister, Panos Kammenos (the one who attended the roundtable discussion in Russia), will then take the reins and cut a deal with the BRICS (as I outlined in Update 19).

Either way, the weather calls for popcorn next week.

[Update 55 – 4 July 2015]

Bank depositors, prepare to be wiped out

Zero Hedge is reporting some interesting things going on in the world of derivatives right now. The banksters appear to be gathering all their derivatives contracts into a few “fall guy” banks, including entities within those banks that are FDIC-insured…

Citigroup Just Cornered The “Precious Metals” Derivatives Market

JPMorgan Just Cornered The Commodity Derivative Market, And This Time There Is Proof

If you read the following article, you’ll see why this is bad news for depositors in those banks: It Can Happen Here: The Confiscation Scheme Planned for US and UK Depositors.

I’ll sort through everything and produce an understandable explanation of all this as soon as I’m able. For now, suffice it to say that I won’t be keeping any money in the banks except what is needed to pay immediate bills. For when the derivatives go pop, they’ll steal it all.

For the previous updates in this series, click here.

Love always…