– A Drone’s Eye View Of The Massive Numbers Behind The Greek “No” Vote (ZeroHedge, July 4, 2015):
Tens of thousands of Greeks flooded the streets of central Athens on Friday evening ahead of Sunday’s referendum.
Both the “yes” crowd and the “no” crowd were out in force with the former camped out in front of Olympic stadium and the latter in front of Parliament. Each rally boasted participation of more than 20,000 people according to local police.
“I call you to say again a big proud ‘no’ to ultimatums on Sunday,” PM Alex Tsipras shouted, in a speech to the “No” supports. “We can also say it in German: Nein, Frau Merkel, Nein,” another speaker quipped.
Indeed, the size of the rallies was quite impressive, if somewhat disquieting.
As you can see from the drone footage below, Athenians are restless and we can’t help but wonder what the scene will be in the streets of Athens on Sunday evening once the results are tallied and one of these two dueling groups is forced to acquiesce to the other’s vision of Greece’s future.
The greatest hope I have is the fact the Greek PM held off until the last minute to default, giving the propaganda machine less than five full days to push for a yes vote…….We will see if enough Greeks have brains, I hope they vote no.
Either way, it is too late. The cats are out of the bag, the huge losses from Greece’s default have been exposed. This hurts the IMF, Germany, France, Italy, Spain, and the ECB. All their investors have just lost…….and the losses are in the Billions.
This will affect all of the Euro and the US. China is already in trouble, and like the west, the debt load far exceeds any generation of wealth. The world, except for India, Russia, Brazil, and a few other wiser nations, has stopped buying….and this is hurting China which has relied on exports for decades.
The west looked to China to save us from economic disaster. It now has become clear China cannot do it…..
The sweater is unraveling, the cut is too deep to pave over it. The web of debt has too many holes in it, and pieces are breaking and falling out. Greece is just one more indication the current debt situation is unsustainable.
Hang on, folks, the crash begins.