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As we know, Greece is in technical default on its 1.5 bln euro payment to the IMF/EU creditors. Experts tell us that this could snowball, with Greece going into default on all its debt, which is over $350 bln. If Greece defaults on its entire debt obligation, it will send huge shocks through the world financial system and will seriously undermine Eurozone and Germany.
This is why Greece’s negotiation position isn’t that hopeless. They have aces up their sleeve. EU can’t afford Greece’s total default, neither can it really afford Grexit. US cannot afford Greek default either, because it can signal the beginning of the end of the whole dollar-based empire.
The national referendum announced by the ruling Syriza party on the future of Greece is to take place on July 5th. Greek PM Tsipras urges people to vote ‘no’ to creditor demands, in order to improve his negotiating position.
My prediction: The Greek referendum will deliver the majority NO vote to austerity and creditor demands.
The fact that creditors didn’t give an extension to Greece so people could vote, instead squeezing the country on June 30th, is very telling. I wonder, what happened to the supposed ‘democracy’ the West is so proud of? How democratic is it to sabotage the Greek national referendum – a true voice of the people?
First, it’s clear double standards: Greece, a member of the EU, is treated as an unloved, unwanted child by the EU and IMF. IMF, of course, represents the interests of the US and EU, where US rules supreme.
At the same time, IMF’s Christine Lagarde tells us that Ukraine, not a member of the EU, will continue receiving IMF loan tranches, even if it defaults on sovereign debt it owes Russia. This is in direct violation of the IMF laws.
So, the West is now in violation of both self-professed cornerstones of its society: democracy and law.
Do you know how empires die? That’s how – they implode on themselves, confused and in denial. We are observing a slow disintegration of the Western (US-EU) empire. This is the time when only the blind and the unscrupulous don’t see that the king is naked.
Second, and most importantly, the difference in position on Ukraine and Greece by the IMF and EU is clearly geopolitical in nature and has absolutely nothing to do with economy. The common denominator in both is the country’s relationship with Russia.
The present Kiev junta in Ukraine is supported because it’s at loggerheads with Russia, yelling and screaming on every corner that Russia attacked them. No one believes that, but this narrative is diligently parroted by the Western MSM, nevertheless.
This has to be expected, if whistleblower journalists from countries such as Ukraine and Germany come out with revelations that they are given the text of what to say in their reports – a text written at the US embassy – and told not to deviate from it. A well-known Kiev journalist Oles’ Buzina was recently killed after the publicly revealed that his publication was forced to print false information based on the US embassy in Kiev script. German whistleblower journalists who have revealed that the entire journalism profession in Germany is sold-out to the US, doing only USA’s bidding, are forced to go into hiding because of threats.
Greece is shunned and squeezed because it dares to have good relations with Russia, speak up against anti-Russian sanctions and participate in Turkish Stream project.
I talked about the geopolitics and economics of Turkish Stream in my previous episode: Macedonia Coup Attempt – War Against Russia & China (LadaRayLive 12).
GREEK DEFAULT AND GREXIT PREDICTIONS
You know my prediction about Greece: it will exit the EU by 2017. In my original prediction, which you can find in Secret Connection: Russian Gas to Turkey-Greek Election-EU Breakup (LadaRayLive 6) and my FT articles, I said that the reason it will take some time is because the relationship with the EU is so complex that it will take some time to untangle.
We already see that the energy is moving in the direction of Grexit. But it won’t happen yet. Greece and EU will be delaying it for now. The most important mark for Grexit will be the completion of Turkish Stream. Grexit will happen close to that date – this is the date to watch!
Of course, due to the importance of Turkish Stream for so many reasons, it will be sabotaged by the US, EU and Germany. It will be a difficult going, as I said in the previous episode. But it will be done.
From this perspective, it’s more beneficial for Greece and all other parties involved, including Russia, if Greece agrees to certain conditions by creditors and stays low for now. Direct confrontation with the EU will only make them sabotage Turkish Stream more forcefully.
For now, Greek debt will have to be a compromise, where EU will give some and Greece will, too. There is indication that that’s what Greek PM Tsipras is doing.
To conclude: will eventual Grexit cause a domino effect all over the EU? Yes, it would. However, it won’t be fast. I see it as a slow and gradual process, taking years and lots of negotiations.
For the next few years, the make-or-break moments of reckoning to watch are: completion of Nord Stream-2, Turkish Stream, discontinuing of gas transit to EU via Ukraine, and a change of power in Ukraine, accompanied with gradual weakening of the US. The timeline for all this is 2016-2019, with most events taking place between 2017-2019. US weakening will continue after 2019.
Watch video version of this article:
(LadaRayLive 16 episode)
P.S. I’ll be taking a few days off this weekend to meditate and relax (I’ll be checking in for emails and comments). Have a great weekend, all! See you next week!
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#TurkishStream #Grexit #GreekReferendum #GreekDefault #austerity #doublestandard #geopolitics #Russia #Ukraine #Eurasia #Eurozone #dollarcollapse #USempirecollapse #LadaRayPredictions #EarthShift
Greek PM Tsipras at St. Petersburg Economic Forum 2015: Geopolitical and Economic Center of the Planet Has Shifted
Europe shouldn’t view itself as a “hub of the universe” and it has to understand that the center of world economic development is shifting to other regions, said Greek Prime Minister Alexis Tsipras, speaking at St. Petersburg International Economic Forum. READ MORE: http://on.rt.com/125m20
Also watch my related video commentary: Secret Connection: Russian Gas to Turkey-Greek Election-EU Breakup (LRL6).
Four months ago I recorded that commentary immediately after the Greek elections, which unseated the pro-US, pro-Brussels elite and propelled the left-wing Tsipras to power. My prediction was that Greece would exit the EU by 2017 and that Turkish Stream pipeline would after Turkey go through Greece in order to proceed towards Serbia and the Balkans. At that time, some argued with me that Greece wouldn’t exit EU as Greek politicians said they ‘wouldn’t.’ Others argued that Russia’s Turkish Stream pipeline wouldn’t go through Greece, stopping at the Turkish border.
By now we all know that Greece is already discussing exiting the EU; moreover, we also know that Turkish Stream most definitely will go through Greece to deliver gas through the Balkans further into Europe.
Russia, Greece sign €2bn deal on Turkish Stream gas pipeline. Russia and Greece have signed a deal to create a joint enterprise for construction of the Turkish Stream pipeline across Greek territory, Russian Energy Minister Aleksandr Novak said.
Also watch my related video: Macedonia Coup Attempt – War Against Russia & China (LRL12)
Coming! New related LadaRayLive episode about how US controls gas and oil flow in the region!
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Read THE EARTH SHIFTER
Bravo and congratulations to the left-wing SYRIZA party for spectacularly winning the Greek elections!
My brief predictions (I may expand on them later):
This is the beginning of an end of the EU!
What is fascinating is that in this resistance to the EU and US dictate, the most unlikely forces get united: from far left to the very radical right; from spiritual people to simple farmers and big industrialists. This is because the present day US/dollar-centric ‘world order’ makes no sense to anyone, and just about anyone who has two brain cells to rub against each other wants change.
However, it will take perhaps a few years for Greece to exit the EU due to how entangled the economic and financial situation is and how much pressure Greece receives from Brussels, Germany (which stands to lose most), and France. And don’t forget the NATO pressure; plus, the biggest monster of them all – the United States!
I see Greece exiting the EU around 2016 or 2017. This event is set in stone and is just the matter of time: GREECE WILL EXIT THE EU!
More defections are on the horizon, including Italy, France, UK, Hungary, among others.
Many smaller Eastern European countries are desperate to exit the EU, but they are practically enslaved by Germany, as they say, and can’t get out. Even Italians complain that they had been enslaved by Germany, remembering with nostalgia the good old non-EU days, and confessing how much they hate Merkel.
That said, many Germans also understand very well what is happening, as we discussed in a number of previous articles.
The whole thing will implode and exodus out of EU will become a stampede by the 2020s. This will be an interesting deja vu of the implosion of the USSR.
At the same time, more and more countries will want to join a union with Russia and become part of Eurasian Union and SCO. Once 2020s roll in, you won’t recognize the world around us!
As I said in my last piece, West Invaded Ukraine: English-Speakers, NATO Troops Fight for Kiev Junta in Mariupol!, the deeper US/NATO/EU dig their claws into the poor Ukraine, trying so hard to destroy it in order to harm Russia, the harder they will fall in the end.
Incidentally, did I mention that both Greeks and Italians love Russians, and en masse support Putin and Russia. I just spoke with various people from both countries. They are also very much anti-Kiev junta, and anti-fascism in Ukraine and EU. An average person on the street understands correctly what is happening in Ukraine. Moreover, today, TV in both Greece and Italy is showing a pretty truthful account of the events in Ukraine.
The Italians are incredulous and angry that US/EU/Kiev would bomb people, blockade cities, deny pensions, and destroy infrastructure in E. Ukraine. My sister residing in Italy (who is originally from the Russian city of the ship-builders Nikolaev, located not far from Odessa – both for now a part of Ukraine), as well as my other sources, confirm that. Similar opinions are coming from the people of other countries, including Cyprus, Albania, Romania.
The people all over eastern and southern Europe know what is going on. They also hate the anti-Russian sanctions and confrontation with Russia. For now they think they can’t do anything about it. But the discontent is brewing and status quo will change!
As usual, for more of LADA RAY’s PREDICTIONS see the Predictions page on top bar.
Videos: SYRIZA wins Greek elections:
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EARTH SHIFT REPORT update:
I am still writing the Earth Shift Reports I had promised my readers. New information has come out that needs to be incorporated. I will only release my reports when the energy is right and when I feel satisfied that I’ve covered everything I need to cover; in other words, when I feel I’ve captured the COMPLETE picture. Besides, I want to take into account recent requests by readers for additional information and new Earth Shift Reports. In what order the reports will start coming out? Again, it depends on which one is ready first and how the energy aligns. Please be patient. And as you may probably already know from reading my articles, your patience will be amply rewarded by new revelations!
The reports will be posted on my new site LadaRay.info and announced on FuturisTrendcast.
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