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Greece will default in June or July. Here is the breakdown in cold hard numbers

This forum post that I ran across pretty much sums up the inevitable default that Greece will undertake in June or July.

Alex Christoforou

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Excellent analysis by “Greece Financial Defaut Watch” user, Letsbereal.

GREECE – WE CAN DO THE MATH NOW, GREEK DEFAULT BY EARLY JUNE/LATE JULY!

11 May 2015 Last change to release €7,000 million/€7 billion from ECB
12 May 2015 €0,774 million IMF

05 June 2015 €0,310 million IMF
12 June 2015 €0,348 million IMF
16 June 2015 €0,581 million IMF
19 June 2015 €0,348 million IMF
30 June 2015 A four-month extension on bailout agreement expires.

13 July 2015 €0,465 million IMF
19 July 2015 €0,199 million ECB Maturity Gov’t Bonds
19 July 2015 €0,104 million ECB Maturity Gov’t Bonds
20 July 2015 €3,500 million ECB Maturity Gov’t Bonds

IMF
12 May 2015 €0,774 million IMF
05 June 2015 €0,310 million IMF
12 June 2015 €0,348 million IMF
16 June 2015 €0,581 million IMF
19 June 2015 €0,348 million IMF
13 July  2015 €0,465 million IMF
___________________________________________+
13 July 2015 €2,709 million ~  €2.7 billion IMF TOTAL

ECB
19 July 2015 €0,199 million ECB Maturity Gov’t Bonds
19 July 2015 €0,104 million ECB Maturity Gov’t Bonds
20 July 2015 €3,500 million ECB Maturity Gov’t Bonds
___________________________________________+
20 July 2015 €3,803 million ECB Maturity ~ €3.8 billion ECB TOTAL

___________________________________________+
___________________________________________+

20 July 2015 €6,512 million ~ €6.5 billion TOTAL

So Greece needs €6.5 billion by 20 July 2015.

Prime Minister Alexis Tsipras ordered municipalities to transfer funds, estimated at about €1.5 billion, to the central bank.

12 May 2015 €0,774 million IMF
05 June 2015 €0,310 million IMF
12 June 2015 €0,348 million IMF
___________________________________________+
12 June 2015 €1,432 million  ~ €1.4 billion IMF TOTAL

16 June 2015 €0,581 million IMF
___________________________________________+
16 June 2015 €2,013 million  ~ 2.0 billion IMF TOTAL

Bottoms Up Line: With €1.5 billion they only can make it to12 June 2015 and by 16 June 2015 they need a total of €2,013 million to the IMF.

So, we savely can make the conclusion from these numbers that by June it’s ‘Game Over’ for Greece and certainly by July cause numbers don’t Lie. And that rhymes

Because even if they recieve the €7 billion bailout from the ECB at 11 May 2015 Greece is only ‘saved’ till 20 July 2015 when €6.5 billion payment is due after which the whole shebang can start again.

Greece owes a total of €324,000 million /€324 billion to the IMF, ECB, and Euro-Zone governments.

SOURCES:

Greece’s Scary Calendar of Debt Payments Due
http://www.bloomberg.com/news/articles/2015-04-23/greece-s-scary-calendar-of-debt-payments-due

The ‘Relentless’ Greek Debt Payment Schedule
http://www.zerohedge.com/news/2015-04-24/relentless-greek-debt-payment-schedule

Greek Payback Math at 0% Interest (MISH’S Global Economic Trend Analysis)
http://globaleconomicanalysis.blogspot.nl/2015/01/greek-payback-math-at-0-interest.html

THE AFTERMATH

If the ECB release the €7 billion, €2.7 billion will go directly to the IMF and the €3.8 billion is a ‘free’ cigar from ECB’s own cigar-box.

Obviously it’s the €2.7 billion to the IMF which is bothering the ECB the most since they also know that Greece can default any day now.

In their frantic delusional disparity they ask Greece to do inhuman things which is totally ridiculous.

Dreadful Draghi helped this evil scheme by cutting off Greece’s liquidity. Blackmailing them.

Why else would they negotiating in bad faith and try to murder Varoufakis’ character by calling him names and trying to by pass him?

“As a payments squeeze slowly crushes Greece, it is becoming increasingly apparent that its foreign lenders, led by an unbending European Union, are negotiating in bad faith.

In fact, they are not negotiating at all, but simply insisting that an agenda of destructive policies rejected by Greek voters nonetheless be adhered to.”

EU’s bad faith in Greek talks exposes true motives http://www.marketwatch.com/story/eus-bad-faith-in-greek-talks-exposes-true-motives-2015-04-24

Greece’s Varoufakis Takes Hammering From Riled EU Ministers http://www.bloomberg.com/news/articles/2015-04-24/varoufakis-said-to-take-hammering-from-frustrated-euro-ministers

Isolated in debt talks, Greek finance rebel gets the cold http://www.reuters.com/article/2015/04/25/us-eurozone-greece-varoufakis-idUSKBN0NG0EO20150425

Eurozone officials seek to bypass Varoufakis to spur Greek talks http://www.ft.com/cms/s/0/ccd73f38-ec2f-11e4-8604-00144feab7de.html

References:

http://forum.prisonplanet.com/index.php?topic=210616.msg1513335#msg1513335

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Trump Has Gifted “No More Wars” Policy Position To Bernie Sanders (Video)

The Duran Quick Take: Episode 148.

Alex Christoforou

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RT CrossTalk host Peter Lavelle and The Duran’s Alex Christoforou discuss how US President Donald Tump appears to have ceded his popular 2016 ‘no more wars’ campaign message and policy position to Bernie Sanders and any other US 2020 candidate willing to grad onto a non-interventionist approach to the upcoming Democrat primaries.

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“Is Bernie Stealing Trump’s ‘No More Wars’ Issue?” by Patrick J. Buchanan…


The center of gravity of U.S. politics is shifting toward the Trump position of 2016.

“The president has said that he does not want to see this country involved in endless wars… I agree with that,” Bernie Sanders told the Fox News audience at Monday’s town hall meeting in Bethlehem, Pennsylvania.

Then turning and staring straight into the camera, Bernie added:

“Mr. President, tonight you have the opportunity to do something extraordinary: Sign that resolution. Saudi Arabia should not be determining the military or foreign policy of this country.”

Sanders was talking about a War Powers Act resolution that would have ended U.S. involvement in the five-year civil war in Yemen that has created one of the great humanitarian crises of our time, with thousands of dead children amidst an epidemic of cholera and a famine.

Supported by a united Democratic Party on the Hill, and an anti-interventionist faction of the GOP led by Sens. Rand Paul and Mike Lee of Utah, the War Powers resolution had passed both houses of Congress.

But 24 hours after Sanders urged him to sign it, Trump, heeding the hawks in his Cabinet and National Security Council, vetoed S.J.Res.7, calling it a “dangerous attempt to weaken my constitutional authorities.”

With sufficient Republican votes in both houses to sustain Trump’s veto, that should be the end of the matter.

It is not: Trump may have just ceded the peace issue in 2020 to the Democrats. If Sanders emerges as the nominee, we will have an election with a Democrat running on the “no-more-wars” theme Trump touted in 2016. And Trump will be left defending the bombing of Yemeni rebels and civilians by Crown Prince Mohammed bin Salman of Saudi Arabia.

Does Trump really want to go into 2020 as a war party president?

Does he want to go into 2020 with Democrats denouncing “Trump’s endless wars” in the Middle East? Because that is where he is headed.

In 2008, John McCain, leading hawk in the Senate, was routed by a left-wing first-term senator from Illinois, Barack Obama, who had won his nomination by defeating the more hawkish Hillary Clinton, who had voted to authorize the war in Iraq.

In 2012, the Republican nominee Mitt Romney, who was far more hawkish than Obama on Russia, lost.

Yet, in 2016, Trump ran as a different kind of Republican, an opponent of the Iraq War and an anti-interventionist who wanted to get along with Russia’s Vladimir Putin and get out of these Middle East wars.

Looking closely at the front-running candidates for the Democratic nomination of 2020 — Joe Biden, Sanders, Kamala Harris, Beto O’Rourke, Pete Buttigieg, Elizabeth Warren, Cory Booker — not one appears to be as hawkish as Trump has become.

Trump pulled us out of the nuclear deal with Iran negotiated by Secretary of State John Kerry and reimposed severe sanctions.

He declared Iran’s Islamic Revolutionary Guard Corps a terrorist organization, to which Iran has responded by declaring U.S. Central Command a terrorist organization. Ominously, the IRGC and its trained Shiite militias in Iraq are in close proximity to U.S. troops.

Trump has recognized Jerusalem as Israel’s capital, moved the U.S. Embassy there, closed the consulate that dealt with Palestinian affairs, cut off aid to the Palestinians, recognized Israel’s annexation of the Golan Heights seized from Syria in 1967, and gone silent on Bibi Netanyahu’s threat to annex Jewish settlements on the West Bank.

Sanders, however, though he stands by Israel, is supporting a two-state solution and castigating the “right-wing” Netanyahu regime.

Trump has talked of pulling all U.S. troops out of Syria, Iraq and Afghanistan. Yet the troops are still there.

Though Trump came into office promising to get along with the Russians, he sent Javelin anti-tank missiles to Ukraine and announced a pullout from Ronald Reagan’s 1987 INF treaty that outlawed all land-based intermediate-range nuclear missiles.

When Putin provocatively sent 100 Russian troops to Caracas — ostensibly to repair the S-400 anti-aircraft and anti-missile system that was damaged in recent blackouts — Trump, drawing a red line, ordered the Russians to “get out.”

Biden is expected to announce next week. If the stands he takes on Russia, China, Israel and the Middle East are more hawkish than the rest of the field, he will be challenged by the left wing of his party, and by Sanders, who voted “no” on the Iraq War that Biden supported.

The center of gravity of U.S. politics is shifting toward the Trump position of 2016. And the anti-interventionist wing of the GOP is growing.

And when added to the anti-interventionist and anti-war wing of the Democratic Party on the Hill, together, they are able, as on the Yemen War Powers resolution, to produce a new bipartisan majority.

Prediction: By the primaries of 2020, foreign policy will be front and center, and the Democratic Party will have captured the “no-more-wars” political high ground that Candidate Donald Trump occupied in 2016.

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Over 200 killed, hundreds injured in series of blasts at Sri Lankan hotels & churches

A series of bombings hit churches and hotels across Sri Lanka on Easter Sunday, killing more than 200 people.

RT

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By

Via RT…


A series of eight explosions rocked Catholic churches and luxury hotels in Sri Lanka as Christians began Easter Sunday celebrations, with over 200 killed and hundreds injured, media reported, citing police.

The blasts started at around 8:45am local time at St. Anthony’s Church in Colombo and St. Sebastian’s Church in Negombo, a Catholic-majority town outside of the capital. The Zion Church in Batticaloa on the eastern coast was also targeted. At around the same time, the Shangri-La, Cinnamon Grand and Kingsbury five-star hotels were also hit, police confirmed.

Two more explosions happened later in the day, targeting two more locations in Colombo. All attacks appear to have been coordinated.

At least 207 people were killed, Reuters reported, citing police. More than 450 were injured in the attacks.

Alleged footage of the aftermath, shared on social media, showed chaos and large-scale destruction inside at least one of the churches.

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Mike Pompeo reveals true motto of CIA: ‘We lied, we cheated, we stole’ (Video)

The Duran Quick Take: Episode 147.

Alex Christoforou

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The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris take a look at a Texas A&M University speech, and subsequent interview, with US Secretary of State Mike Pompeo.

The former CIA Director admitted, ‘as an aside’ to the question asked, that the Intelligence agency he headed up before being appointed as the top US Diplomat had a motto “we lied, we cheated, we stole”…which, according to Pompeo, contained entire CIA training courses based on ‘lying, cheating and stealing.’

Pompeo finally speaks some truth.

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