While the World watches Libya, Greeks protest violently, the Saudi facebook revolution gets started and Koreans empty their bank accounts.

by | Feb 23, 2011 | civil liberties, Economic Intrigue, Just plain weird, Politics, Strange Thoughts, UK Misery, Well I never. | 4 comments

Whilst the mainstream media concentrates on the arab world, remember that people in Greece are still far from happy.

From AP :

Greek riot police engaged in violent clashes with protesters Wednesday, as thousands of people demonstrated against austerity measures aimed at helping the country cope with its large debt crisis.

More than 60,000 striking workers marched to the Greek parliament in Athens, where police fired tear gas and smoke bombs at protesters throwing rocks and Molotov cocktails.  Smoke blanketed Syntagma Square in the central part of the city.

At least five people were injured, including a police officer set on fire by a gasoline bomb.  Several people were arrested.

The crispy policeman in question features in the following video from Russia Today :
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Expect much more of this in the following months, especially if oil gets into the $200 dollar range as I mentioned in my last post.

More on that from ZeroHedge :

Brent Passes $110

A $10 move in a week is just what the doctor ordered to destroy the last trace of surreality in the whole “economic recovery” story. At this rate we will take out all time high crude prices by mid March. As we have been saying since December, a rapid move in oil will undo years of carefully planned propaganda and money printing. Yet the weakness that “nobody could have possibly predicted” is just as we had forecast: global and US weakness in late February/March, market swoons in March/April (as per DeMark’s repeat appearance), Fed releases early indications of QE3 in May. In the meantime, we also get a war as a bonus to boost the US military-defense industrial complex. Pretty much a rerun of the first great depression to the dot.

Hang on to your hats in the meantime as the Saudi Facebook revolution is slated for March 20th complete with itemised list of demands :

And, Koreans stampede to empty their bank accounts :

The quietest bank run that has so far completely evaded mainstream attention, that of Korea, is spreading, and an eighth bank has now shuttered after “Domin Bank, a savings bank with a capital adequacy ratio below 5 percent, voluntarily decided yesterday to suspend its operations temporarily because of massive withdrawals.” As JoongAng reports: “The decision took both depositors and financial regulators by surprise since it was the first time that a local bank shut its doors on its own.” Apparently the courageous decision by the Financial Services Chairman Kim Seok-dong to deposit $17,864 in a troubled bank has not done much if anything to prevent the locals from realizing that their banking system is built on a house of cards.

It is getting rather difficult for a chap to stay abreast of all this!

4 Comments

  1. Thomas Syrinx

    Egypt Tunisia Libya :
    There are no invincible castles . People’ movements will gain power , bandits like Goldman Sachs / Lehman Brothers and others will apologize for their voracious appetite and apologize for their facts.
    Egyptian …”virus” will soon be available in Europe [so called the collage of States that form European Economic Dictatorship .

  2. Furor Teutonicus

    XX Koreans stampede to empty their bank accounts :XX

    Fucking GREAT. I bet the F.D.J Tussi, Merkel, is rubbing her hands in glee at the thought of bailing out another pile of shite country with the money that should have been giving our pensioners a decent living for the last ten years of “zero rises”.

    What you mean it is not in the E.Uß Since when did that bother Commy Angie?