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When the people fear their government, there is tyranny.
When the government fears the people, there is liberty.
-- Thomas Jefferson

During times of universal deceit, telling the truth
becomes a revolutionary act.  -- George Orwell

First they ignore you, then they ridicule you, then they
fight you, then you win.  -- Mahatma Gandhi

Grexit in sight. ill it be only an exit from Euro or from EU as well? Will other nations follow?

Posted on | June 28, 2015 | No Comments

Greek Capital Controls Begin: Greek Banks, Stock Market Will Not Open On Monday

Submitted by Tyler Durden on 06/28/2015 – 12:52

Update: In a televised address to the nation, Greek PM Alexis Tsipras urged Greeks to “remain calm” and that Greek “deposits are safe.”

Despite the reassurances from any and all elected (and unelected) officials, given the run on bank ATMs in Greece has turned into a stampede, it is not surprising that the CEO of Piraeus Bank just announced Greek banks would remain closed for at least one week; further as reported yesterday, the Greek stock market will also remain closed.

Ignoring Tsipras Plea For Calm, Greeks Storm ATMs, Stores, Gas Stations

Submitted by Tyler Durden on 06/28/2015 – 17:02

Just a few hours ago Greek PM Tsipras addressed his nation imploring then to “remain calm” and reassuring them that their “deposits were safe.” It appears the Greeks did not believe him. Many were wondering where the Greek bank lines were for the past several months. Turns out the local depositors were merely waiting until just after the last minute to withdraw their funds… horde gas… and stack food. Greece, it appears is Venezuela – the new socialist paradise

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