[Update 42]

Now that Tsipras is committing political suicide, look for this guy to start making the news in the coming weeks…

…(from The Moscow Times)

Zero Hedge is reporting that Greece Capitulates: Tsipras Crosses “Red Line”, Will Accept Bailout Extension. Upon seeing this, I went back and read the comprehensive entry on Greece, Update 19, where Syriza’s four choices were laid out. Here is the relevant section…

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1) Give the Troika the new austerity measures they are seeking, thus completely and officially betraying their campaign promises to the Greek people. Since Syriza is a coalition party of different “far left” groups, such an action could lead to its disintegration as well as general social unrest.

2) Rob money from the Greek economy to keep making their payments, which would not sit well with those being robbed. This too could lead to party disintegration and public unrest.

3) Remain paralyzed and allow Greece to fall into financial ruin and chaos.

4) Exit the euro and reinstitute the drachma.

It would seem that the globalist script requires Syriza to choose from options 1, 2, or 3 while also requiring Germany to remain intransigent in their demands for Greek compliance, and the situation will come to a head in late June as the bailout extension expires (and as the new BRICS Bank nears its debut). This is where Panos Kammenos comes in. Have a look at this Reuters article: Greek defence minister says Greece has Plan B if EU rigid on deal…

>>> Greek Defence Minister Panos Kammenos said that if Greece failed to get a new debt agreement with the euro zone, it could always look elsewhere for help.

“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. <<<

So as the Greek crisis reaches its crescendo, Syriza will disintegrate and the Greek government will fail. And when a civilian government fails, who typically steps in to maintain social order? The military, right? And who is the leader of the Greek military? Defense Minister Panos Kammenos.

Kammenos will step up to maintain some semblance of order in the wake of Syriza’s disintegration and will go to his friends in Russia to secure aid from the freshly-launched New Development Bank (NDB, the BRICS Bank — the BRICS will be holding their 7th summit meeting in Russia on July 8–9, and will likely announce the NDB’s launch at that time). An emergency election will then be held to install a new Greek parliament that will restore the drachma and approve the NDB loan. Since this will occur at about the same time as the next financial crisis begins, it will be the first domino in the fall of the EU. From the ashes of the EU, a new multilateral European order will rise — one that “restores sovereignty, freedom and direct democracy” (New World Order style).

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So it appears we may be headed for a political deadlock and social disintegration scenario now.

[Update 43 – 23 June 2015]

Yesterday WAS the turning point

Looking back on yesterday, it turns out that the 22nd was the turning point I expected; it just wasn’t fulfilled in the flashy way I thought it would be. Instead of a public announcement that ELA would be capped, which would have led to a near-immediate Greek banking collapse and a follow-on Syriza collapse, the ELA card was played “behind the scenes.” According to Zero Hedge…

“After one final attempt to table a proposal that retains some semblance of Tsipras’ defiant posturing, it appears he may have finally broken after a meeting with ECB chief Mario Draghi where is sounds as though the central bank warned the PM that without concessions, ELA to Greek banks would be cut off and that, of course, would mean game over as Greeks would take to the streets en masse.” [The meeting occurred at high noon by the way. How’s that for Hollywoodesque drama?]

So the threat of an immediate ELA cap is what led to Tsipras’ capitulation, which led to Syriza’s disintegration and a follow-on Greek banking collapse – that is the narrative history will record. Of course, it is bullsh*t because both men are in on “the Plan,” but the public needed a story they can understand, and this is it.

And wouldn’t you know it…

…It begins.

(P.S. – 23 June 2015) – And here comes the Fed setting expectations for the September Fed Mistake… Fed’s Powell: Conditions for rate hike could be met in September.

(P.S. – 23 June 2015) – Greece’s next hurdle is to get the austerity package passed by the Greek Parliament before the EU Summit this Thursday, June 25-26. This is what one Syriza member is saying about that…

>>> “I believe that this program as we see it … is difficult to pass by us,” deputy parliament speaker and Syriza lawmaker Alexis Mitropoulos told Greek Mega TV.

“The prime minister first has to inform our people on why we failed in the negotiation and ended up with this result,” he said. “I believe (the measures) are not in line with the principles of the left. This social carnage … they cannot accept it.” – from Reuters <<<

And according to the same article, the Greeks are being threatened with this if they don’t comply…

>>> Irish Finance Minister Michael Noonan, whose country has successfully completed its bailout program and returned to growth, warned that emergency funding for Greece’s banks could be cut off unless a deal is reached soon.

“The new round of negotiations have a very short timeframe to be concluded satisfactorily or there is a risk that ELA will be cut off because they are bound by legal arrangements in the European Central Bank,” he told parliament in Dublin. <<<

All this being said, be on the lookout for political gridlock in the Greek Parliament. That’s all that has to happen for the EU to have the pretext to stop increasing ELA (supposedly to pressure the Greeks to move, but actually to begin the big show).

(P.S. – 23 June 2015) – According to FT, Germany is giving Greece until Monday. To read the article, enter the following title into Google News search and click on the result: Berlin insists Greek parliament approves all reforms by Monday.

As a reminder, the bundled IMF payment is due next Tuesday, and the BRICS Summit in Russia is the second Wednesday after that. These bastards are gonna keep me busy…

(P.S. – 23 June 2015) – Let’s add another scenario to the seemingly endless number we’re already watching: Tsipras gets the deal through the Greek Parliament but the IMF torpedoes it because it is “unsustainable” and based more on tax increases than budget cuts…

Greece: could debt deal be scuppered from above?

Why The IMF Will Reject The Latest Greek Proposal In Just Two Numbers

I’ve been seeing lots of articles referencing the IMF as “the Washington-based IMF,” so such a scenario could play into the “blame Washington and de-Americanize” propaganda effort. And with no deal possible with a divided Troika, Greece would have to resort to the BRICS to forestall doom.

For the previous update in this series, click here.

With love…