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Pepper-theDoctor ago

Ill say this - the past week has been one of the most insane weeks in financial and economic news in the last century. If there are government employees on these sites trying to shape public opinion, they were on standby/duty this weekend. The last thing they want is people talking about the Chinese collapse/capital controls, Grexit, IMF attempting to overstep their legal authority, the entire fucking NYSE being taken down for a day (along with several major news agencies).

All it takes is one actor getting too excited and speaking too strongly in the moment (see the resignation of the Greek Finance Minister, Yanis Varoufakis).

Sciency ago

All it takes is one actor getting too excited and speaking too strongly in the moment (see the resignation of the Greek Finance Minister, Yanis Varoufakis).

I'm gonna have to check this out. As for the rest of your comment, I couldn't agree more.

Pepper-theDoctor ago

Big news this morning that shifted everything around a bit.

As of this weekend, my theory on the situation was that both Tsipras (Greece) and the Troika wanted Greece out of the Euro. I thought the past week was simply posturing between the two entities to avoid blame - Tsipras didnt want Greece to take the blame and the various European entities didnt want the headlines to paint them as bullies overstepping their authority (as they technically dont have the legal right to kick a country out of the euro). Tsipras was put in a complicated spot when the Greek exit option was actually supported by a popular vote. Varoufakis discussed a specific strategy for an exit after the referendum which seemed 'just crazy enough that it might work' and promptly resigned the next day, my theory was for being dumb enough to lay his cards on the table during a negotiation. The resignation would add distance between Varoufakis and the Greek govt.

This theory proved to be wrong when Tsipras accepted a terrible deal this morning.

In the aftermath, it appears that Varoufakis actually wanted to leave but didnt have support from Tsipras/parliament. Evidently they were either waiting to be booted or they wanted to look like they could leave for negotiation purposes. Since this is /v/conspiracy, we'll also add in the possibility that Tsipras is a stooge and the plan was to fuck Greece's public image before effectively annexing leadership and fucking their people. Varoufakis likely resigned (or was asked to) because his vision was so different from the rest of the govt.

Interesting interview with Varoufakis in the aftermath (long read but its worth it): http://www.newstatesman.com/world-affairs/2015/07/exclusive-yanis-varoufakis-opens-about-his-five-month-battle-save-greece

Couple articles from David Einhorn on the greek strategy: http://www.zerohedge.com/news/2015-07-13/david-einhorn-says-varoufakis-must-not-be-familiar-tyler-durden-school-negotiation http://www.bloomberg.com/news/articles/2015-07-13/einhorn-says-europe-allowing-greece-collapse-to-fight-populists

Sciency ago

I like this Yanis Varoufakis guy more and more each interview I read. Seems like he's not afraid of the insiders and their games.