Leaders Of The World Would Like Us To Stop Calling The Islamic State ‘Islamic’ Please And Thank You

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I’ve been waiting for this day to come. In fact, I’m surprised it took so long. You know. Calling the Islamic State the Islamic State. Isn’t that kind of mean? To Muslims?

The rest of the world thinks so.

British Prime Minister David Cameron and over 100 MPs want everyone to reconsider the ways they describe the monstrous terror group, ISIS. Because Islamic? That’s just plain hurtful.

Why are you all so Islamophobic? Why?

World leaders are basically worried that the “peaceful” Muslims will get all offended and “recoil” if we continue to refer to the Islamic State as such.

They suggest using the word  “Daesh.” France does. And don’t we just so want to follow in their footsteps? (sarc)

Critics warn that referring to ‘Islamic State’ legitimises the group’s attempt to carve out parts of Iraq and Syria.

Oh! So they’re getting away with all of this beheading and raping and stoning and drowning and conquering because we’re referring to them as “Islamic State” militants? That somehow legitimizes them and therefore gives them magical super powers to conquer the Middle East? It has nothing to do with the fact that White House officials are more concerned with getting their rainbow light displays just right?

I had no idea it worked that way.

Mr Cameron, who uses ISIL, said in an interview on Radio 4 yesterday: ‘I wish the BBC would stop calling it Islamic State because it’s not an Islamic State; what it is – an appalling, barbarous regime,’ Mr Cameron said.

Ah, good ol’ BBC. (Not really. I kind of hate them. Mostly because my manatee of a liberal professor who hated my guts LIVED by it. I remember her telling us she’d only listen to BBC because all other networks were too lowly or something. Besides the New York Times, which she encouraged us all to read because the writing is “almost poetic.”)

“It is a perversion of the religion of Islam and many Muslims listening to this programme will recoil every time they hear the words ‘Islamic State.”

‘So-called’ or Isil is better,’ he added.

Good grief. Why is everyone too scared to recognize the Islamic State for what it is? They’re a bunch of barbarians who are actually following the teachings of Muhammad­. The raping children, hating/killing infidels­– it’s all in the Quran. It’s not a perversion, really. They’re just following the instructions of their holy book. (And I get that not all Muslims are like that, but at the same time, I don’t see a giant group of them coming against all of these barbaric actions. And even the ones who do condemn ISIS still refuse to condemn Sharia Law, which ISIS abides by pretty perfectly, I might add.)

The 120 MPs said: ‘The BBC has an opportunity to lead on this issue and call this organisation what it really is rather than allowing it to be linked with religion.

‘We hope that you will take up this issue and adopt Daesh as the official title for them.’

They argue that US Secretary of State John Kerry and the French foreign minister Laurent Fabius both use Daesh.

Well golly gee. If John Kerry is doing it, it MUST BE a good idea.

SNP Westminster leader Angus Robertson said: ‘The time has come in the English speaking world, to stop using Islamic State, ISIS or ISIL, and instead we and our media should use Daesh as the commonly-used phrase across the Middle East.’

But Mr Cameron replied: ‘I personally think that using the term ISIL or ‘so-called’ would be better than what they currently do.

Can you even wrap your head around this? World leaders are having this lengthy debate over the most appropriate name to call these animals. That’s what they’re worried about.

While ISIS is raping, killing and conquering, European morons are freaking out over what we call them, and American morons are marveling over the “cool” the rainbow lights shining on the White House.

We are so doomed.

EXCLUSIVE: A Compilation Of Islamic Terrorist Quotes… Every American Needs To See This

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BY DEAN JAMES

This is an excellent compilation of quotes from terrorists around the world. Aside from pursuing mass murder plots against innocent populations in every corner of the planet, Islamic terrorists have one other thing in common:

They credit their motivation and success to religion.

This distinguishes Islamic terrorism from mere criminal activity, and it is part of what makes Islam so very, very different from other religions.

Many people would prefer to bury their heads in the sand or look for ways to recast Islamic terror to fit their own political agenda, but the fact is that violent Muslims are quite explicit about the religious certainty that compels and justifies their actions.

The teachings and history of Islam that explain the violence are discussed elsewhere on this site. Here we just want to show that, as far as Islamic terrorists are concerned, their acts are done specifically in the name of Allah and for the cause of Islam and Islamic rule… across the globe.

~aosama

“I am one of the servants of Allah. We do our duty of fighting for the sake of the religion of Allah. It is also our duty to send a call to all the people of the world to enjoy this great light and to embrace Islam and experience the happiness in Islam. Our primary mission is nothing but the furthering of this religion.” – Osama bin Laden, May 1998

Afghanistan

“In the name of Allah the Avenger, I swear on the holy book to perform my sacred duty as a soldier of Islam in this Jihad to restore to this world the light of divine justice… Allah demands no less. For to die in the cause is to be sent immediately to paradise.”

A Taliban official, explaining why the group is violent.

Algeria

“But the coming Islamic caliphate country will not rise except at the hands of the fighting sect who raises the flag of Allah and Jihad.”

Statement from the Salafi terrorist group, one of several fundamentalist cells responsible for the slaughter of 150,000 men women and children in the 1990’s.

“Our Jihad consists of killing and dispersing all those who fight against Allah and his Prophet.”

“Throat-slitting and murder until the power is Allah’s!”

Both quotes from leaders of the Armed Islamic Group (GIA). The first spoken by Sid Ahmed Mourad, the second from Abdelkader Hattab.

Chechnya

“True resistance is helped by Allah the Supreme and the battles are for His just cause”
Abu Hafs, Mujahideen and one of the region’s most prolific killer
Egypt

“Allah is our objective, the Quran is our Constitution, the Prophet is our leader, Jihad is our way, and death for the sake of Allah is the highest of our aspirations.”
Credo of the Muslim Brotherhood, which has spawned attacks and numerous subsidiary terrorist organizations

India

“Democracy is among the menaces we inherited from an alien government. It is part of the system we are fighting against… It is not possible to work within a democracy and establish an Islamic system… If Allah gives us a chance, we will try to bring in the pure concept of an Islamic Caliphate.”

“The notion of the sovereignty of the people is anti-Islamic. Only Allah is sovereign.”

Hafiz Mohammad Saeed, the leader of the Lashkar-e-Toiba terrorist organization.

Yes! We – the terrorists of India – The Indian Mujahadeen, – the militia of Islam whose each and every Mujahid belongs to this very soil of India – have returned, to execute the compulsion of Allah:

“Fight them (the disbelievers), Allah will punish them by your hands and bring them to disgrace, and give you victory over them and He will heal the hearts of those who believe.” (Qur’an 9:14).

Here we begin … raising the illustrious banner of Jihad against the Hindus and all those who fight and resist us…

All Praise and Glory be to Allah, Who Alone Helps His slaves, Who Alone Fulfils His Promise, and Who Alone Defeats the enemy….

While hoping for the Help and Victory from Allah we declare that such and more severe attacks shall continue irrespective of what the blamers blame us for.

The hosts (of the Kafir) will all be routed and will turn and flee. [Qur’an 54: 45].

We ask Allah to forgive us and Have Mercy on us and Aid us to conquer the unbelievers and Guide us to raise His Word and degrade His enemies with His Will Alone.

And peace be upon His Messenger, and all those who follow the Guidance.

The Indian Mujahideen, claiming credit for a brutal series of bombings that left dozens of civilians dead and hundreds more in agony.

~aosama1

Iran

“Those who know nothing of Islam pretend that Islam counsels against war. Those who say this are witless. Islam says: ‘Kill all the unbelievers just as they would kill you all! Kill them, put them to the sword and scatter their armies.’”

The Ayatollah Khomeini

Indonesia

“Keep on fighting for the application of Islamic law. If this state and nation wants to become great, safe, and at peace then it has to return to Islam one hundred percent without bargaining. If not, then it will be destroyed.”

Abu Bakar Bashir, spiritual leader of the Indonesian Mujahideen

Iraq (Sunni)

“There is no doubt that Allah commanded us to strike the Kuffar (unbelievers), kill them, and fight them by all means necessary to achieve the goal. The servants of Allah, who perform Jihad to elevate the word (laws) of Allah, are permitted to use any and all means necessary to strike the active unbeliever combatants for the purpose of killing them, snatch their souls from their body, cleanse the earth from their abomination, and lift their trial and persecution of the servants of Allah.

The goal must be pursued even if the means to accomplish it affect both the intended active fighters and unintended passive ones such as women, children and any other passive category specified by our jurisprudence.”

Abu Musab al-Zarqawi, Sunni terrorist known for cutting captives’ throats

Iraq (Shia)

“My motivation is a sense of duty toward my religious faith to fight against any hostile enemy of Islam.”

Abu Deraa, Shitte terrorist known for drilling into captive’s heads

Iraq (al-Qaeda)

“We are defending Islam and its sanctity”

Woman training to be a suicide bomber

Israel

“The Islamic Resistance Movement: Islam is its way. It is from Islam that it derives its ideas, concepts, and perceptions concerning the universe, life, and man, and it refers to Islam’s judgment in all its actions. It is from Islam that it seeks direction so as to guide its
steps. “

The covenant of the bloody Hamas terrorist organization (Islamic Resistance Movement)

Jordan

“Terrorism is a badge of honor on our chests until Judgement Day. In the name of Allah, we’re pursuing the path of jihad until we uproot you; exterminate your state until the rule of the king vanishes. We follow the steps of the Prophet (Muhammad)… Allah is our Lord; you have none.”

Hassan al-Smeik, leader of the cell that plotted a chemical weapons attack intended to kill 80,000 Jordanians

Lebanon

“We are… linked to the Muslims of the whole world by the solid doctrinal and religious connection of Islam, whose message God wanted to be fulfilled by the Seal of the Prophets, i.e., Muhammad”

From the charter of the Hezbollah terrorist group, which has kidnapped, tortured and killed numerous non-Muslims.

The Netherlands

“What moved me to do what I did was purely my faith. I was motivated by the law that commands me to cut off the head of anyone who insults Allah and his Prophet.”

Mohammed Bouyeri, explaining in court why he stabbed Dutch filmmaker Theo Van Gogh to death. (Bouyeri was holding a Qur’an at the time).

Pakistan

“I will go back to wage jihad. I pray Allah fulfils my desire of embracing martyrdom next time,”

Hizbul Mujahideen cadre, when asked why he kills the Indian people

“With regard to Osama and Al-Zawahiri, I never met them, but I have the utmost love and respect for them, because of their enmity towards the Jews and the Christians. The Muslims must be harsh towards the infidels and compassionate among themselves. These two men reflect this Koranic verse… We place our trust in Allah. Soon, we will witness the miracles of Jihad.”

By’atullah Mahsoud, the Emir of the Pakistani Taliban

“Our whole struggle is for the enforcement of Sharia law”

Muslim Khan, Spokesperson for the Pakistani Taliban, responsible for hundreds of bombings, shootings and abductions.

The
Philippines

“We may be small in number, but we have plenty fighting with us–the angels and the hand of Allah. We dream of an entire Islamic world, and we will achieve it. Allah is with us.”

Abu Sayyaf terrorist group leader, Khadaffy Janjalani, responsible for church bombings and beheadings.

Saudi Arabia

“One of the greatest virtues in Islam is jihad for the sake of God. Ramadan is the month of jihad and battles, and most Muslim battles took place during the blessed month. This is your season, o people of jihad. Jihad during the fasting month of Ramadan has a great taste — for what better way to break your fast than to kill infidels and relish the sound of the weeping of the despicable tyrants and infidels.”

Saudi-based terrorist magazine, al-Jihad

Somalia

“And your brothers of the Mujahideen Movement are on their way, going forth in Jihad against the occupiers and disbelievers so that the word of Allah is the highest and there is no more Fitna on earth and the religion is solely for Allah.”

Deadly Somali terrorist group calling itself, Youth Islamic Movement

“Know that I am doing this martyrdom operation only for the sake of Allah and for his religion.”

A 21-year-old member of al-Shabaab and former British college student who murdered 20 Africans.
Spain

“Allah, may he be praised, said… ‘Kill them wherever you find them, and drive them out from where they have driven you out; for internal strife [Fitna] is worse than killing.’”

The Quranic verse quoted by the Abu Hafs Al-Masri Brigades in explaining the murder of 202 Madrid train commuters

Sudan

“To Fight and conquer. Death in the name of Allah.”

The unit logo of the Janjaweed militia, responsible for “cleansing” Darfur of African people along with the rape of thousands of women.

“Long live the Mujahideen”

Sudanese President, Omar al-Bahir, at a meeting of Janjaweed fighters.

“Jihad is a duty.”

The constitution of the Islamic Republic of Sudan

Syria

“Our hero [the suicide bomber] believed in Allah and died while fighting for Allah”

Islamic Jihad leader, Abu Ayman

Thailand

“….Martyrs, how glorious we will be if we fall as warriors of our land. When Martyrs are killed, they are not dead but alive next to Allah. They will watch and listen to every piece of news to see if their children will follow in their footsteps….”

Berjihad di Pattani, “calls for a holy war to liberate Pattani from ‘colonists’. It is liberal in employing metaphoric references and verses from the Quran. …a significant and clear articulation of the radical religious dimension of the conflict in south Thailand used within the context of Malay-Muslim resentment of the central government.

It engages in Takdir (the labeling of fellow Muslims as infidels) and makes direct calls for Martyrs to attack fellow Muslims perceived to be collaborating with the “occupation”, or the Jahili (people of the ignorance). It views the practice of religious obligations of these “hypocrite” Muslims as a disguise hiding hearts filled with fury and hatred against Islam…”

Turkey

“The Koran says: ‘fight them until evil disappears and all religion becomes Allah’s [religion].’ The suicide activists who blow themselves up are carrying out the Koran’s commandment.’”

Ali Osman Zor, Great East Islamic Raiders Front terrorist organization

United Kingdom

“Our religion is Islam – obedience to the one true God, Allah, and following the footsteps of the final prophet and messenger Muhammad… This is how our ethical stances are dictated. “

Mohammad Sidique Khan, London subway bomber, explaining his motives on a pre-recorded video tape.

“Know that, I did what I did for the pleasure of Allah alone.”

From the will of Bilal Abdulla, a Glasgow suicide bomber.

“We are doing this in order to gain the pleasure of our Lord and Allah loves us to die and kill in his path. Anyone who tries to deny this, then read the Koran and you will not be able to deny this because this is the words in the Koran and the words of our the messenger of Allah, prayers and peace upon him.”

“We love to die in the path of Allah… On top of this is to punish and to humiliate the Kuffar [non-believer]”

“Thank God Allah accepted my duas [prayers] yeah, and provided me a means to do this.”

From the farewell videos of those convicted in the plot to kill thousands of airline passengers over the Atlantic in 2006.

United States

“I did not act out of hatred for Americans, but love for Allah instead. I live only to serve Allah by obeying all of Allah’s commandments, of which I am aware by reading and learning the contents of the Koran.”

Mohammed Reza Taheri-Azar, explaining (in his words) “reasons for premeditating and attempting to murder citizens and residents of the United States of America.” He also quoted 141 verses from the Qur’an.

“We, Muslims, are content with God’s book, the Quran, to fight you with. God has granted us to fight… In God’s book, He ordered us to fight you everywhere we find you… We ask to be near to God, we fight you and destroy you and terrorize you. The Jihad in God’s cause is a great duty in our religion.”

The “9/11 Shura Council” – 9/11 planners held at Guantanamo Bay – in a March 2009 letter.

“I wasn’t insane or post traumatic nor was I forced to do this Act… [It was] justified according to Islamic Laws and the Islamic Religion. Jihad to fight those who wage war on Islam and Muslims.”

Abdulhakim Muhammad, explaining why he gunned down an unarmed soldier outside a recruiting station in Little Rock, Arkansas.

Uzbekistan

“We have declared a jihad to create a religious government in Uzbekistan”
Islamic Movement of Uzbekistan leader, Tahir Yuldeshev

Yemen

“In the name of Allah, the Most Gracious the Most Merciful… Praise is to Allah, the glory granter to Islam with His victory and the disgracer of the unbelief with his Might… and I bear witness that Muhammad is His slave and messenger who said:

‘I have been inspired between the hands of the hour until Allah alone is worshiped and my sustenance has been made under the shade of my spear, and disgrace and humiliation has been prescribed for the one who disobeys my command.’”

Al-Qaeda al-Jihad in Yemen taking credit for a brutal suicide attack and quoting the words of Muhammad to explain why.

September 11th Attacks

“We killed them outside their land, praise be to Allah. Today, we kill them in the midst of their own home.

O Allah, revive an entire nation by our deaths. O Allah, I sacrifice myself for your sake, accept me as a martyr. O Allah, I sacrifice myself for your sake, accept me as a martyr. O Allah, I sacrifice myself for your sake, accept me as a martyr.

To the Garden of Eden, our first house. We shall meet in the eternal Paradise with the prophets, honest people, martyrs and righteous people. They are the best of companions. Praise be to Allah. Allah’s peace, mercy and blessings be upon you. ”

Ahmad al-Haznawi, Flight 93 Hijacker
“Those 19 brothers who left us made efforts and offered their lives for the cause of Allah. Allah has favored them with this conquest, which we are enjoying now”

Ayman al-Zawahiri, al-Qaeda’s Number two, explaining the motives for the plot.

“Be cheerful, for you have only moments between you and your eternity, after which a happy and satisfying life begins…

“Remember: it is a raid for the sake of Allah. Recite the prayer. As you take the seat, recite the prayer. Mention Allah a lot. When the hijacking begins, “Shout Allah is great because this shout strikes terrors in the hearts of the infidels

“And the moment of death should be accompanied by the basic statement of belief recited by all Muslims at the call to prayer. Seconds before the target, your last words should be, ‘there is no god but Allah. Mohammed is his messenger!”

Written instructions to the hijackers.

“Allahu Akbar! Allahu Akbar! Allahu Akbar!”

Last words from the cockpit of Flight 93.

Our thanks to Vinienco.com

~BOHAMA

God Bless. Dean James III% AMERICA’S FREEDOM FIGHTERS 

Europe migrant crisis: 137,000 migrants enter Europe in first six months of 2015

Published on Jul 2, 2015

GENEVA, SWITZERLAND — The number of migrants fleeing war and persecution in their homelands for Europe reached a record high in the first six months of the year, according to UNHCR, the United Nation’s refugee agency.

In the first six months of the year to June, a total of 137,000 people arrived in Europe, an increase of 83 percent from 2014 when 75,000 people made the crossing.

Of the migrants arriving in Italy and Greece, one third of them were from Syria, with the next largest groups arriving from Afghanistan and Eritrea.

The international response to the migrant crisis has had a huge impact on the number of deaths, with drownings dropping from a peak of 1,308 in April to 68 in May and just 12 in June.

UNHCR also noted a change in the pattern of migration, with the numbers travelling from Turkey to Greece now overtaking those traveling to Italy from north Africa.

Puerto Rico poses bigger threat to U.S. investors than Greece

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U.S. commonwealth has lost the ability to fund itself through public debt markets

By Ellie Ismailidou

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Puerto Rico is hurtling toward default and U.S. investors are set to face the losses.

As U.S. investors have been panicking over a potential Greek collapse, Puerto Rico’s governor Sunday announced that the small U.S. territory cannot pay its roughly $72 billion in debt.

Less than 24 hours later, Gov. Alejandro Garcia Padilla proposed a plan to seek a restructuring of the island’s debt, suggesting that the island is virtually insolvent.

A long-awaited report compiled by former International Monetary Fund staffers brought the Puerto Rican debt crisis back into the spotlight.

The report concluded that the U.S. commonwealth has lost the ability to fund itself through public debt markets, while pointing to what the authors described as “a decade of stagnation, outmigration and debt.”

Although the Puerto Rican debt crisis is no secret to residents of the island, the governor’s statement essentially was the first official opening for a renegotiation of the debt, said economist Carlos Soto-Santoni, president of Nexos Económicos, a Puerto Rico-based consulting firm, and deputy adviser for former Governor Rafael Hernández Colón’s administration.

But the problem is that, as per the U.S. constitution, Puerto Rico cannot file for Chapter 9 bankruptcy, like Detroit did, and neither can its public corporations and local agencies, Soto-Santoni added.

So the governor is basically seeking a negotiated agreement with bondholders for a postponement of payments on the debt for a number of years.

The question that remains unaddressed, however, is what would revive growth on the island, as gross domestic product per capita is dwindling while debt per capita has been rising.

“In that sense, Puerto Rico is just like Greece,” Soto-Santoni said.

But U.S. investors would actually have much more to lose in a potential Puerto Rican default than in a Greek default. The reason is that Puerto Rico’s bonds are trading in the U.S. municipal bond market, while the vast majority of Greek debt is in the hands of the International Monetary Fund, the European Central Bank and eurozone countries.

“[According] to most recent estimates about 60% of [Puerto Rico’s] bonds are owned by traditional municipal bond investors and the rest is in the hands of hedge funds and other crossover investors.”
Daniel Hanson, an analyst at Height Securities, LLC

Out of about $350 billion in Greek debt outstanding, only around $14 billion is owed to U.S. banks.

Conversely, in Puerto Rico’s case, the debt is all in U.S. holdings, totaling about $72 billion.

“Exact numbers are hard to come across, because hedge funds do not have the same disclosure obligations as traditional muni-bond owners. But according to most recent estimates about 60% of the island’s bonds are owned by traditional municipal bond investors and the rest is in the hands of hedge funds and other crossover investors,” said Daniel Hanson, an analyst at Height Securities, LLC.

The Commonwealth has been labeled “America’s Greece” as its bonds carry junk ratings, meaning its credit ratings are at the highest risk of default, and are trading at record-high yield, while growth has remained anemic, among a declining population and a shrinking tax base.

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On Sunday, Puerto Rico’s governor said that the island’s debt isn’t payable. “There is no other option. I would love to have an easier option. This isn’t politics, this is math.” On Monday Fitch Ratings downgraded Puerto Rico’s general obligation debt further into junk territory.

S&P also downgraded the rating from CCC+ to CCC-, a two-notch downgrade reflecting imminent concern of default on $72bn of debt.

Puerto Rico benefited from being a U.S. territory, particularly because it issues bonds in the U.S. municipal market that are tax exempt, which made them more attractive to investors. But that led to overborrowing that made the debt balloon to unsustainable levels.

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The crisis persists, despite the fact that lawmakers — just like in Greece — have had to pass a series of unpopular measures, including two rounds of pension cuts, $1 billion in new taxes, a hike in water rates and sharp reductions in the education budget.

Puerto Rico’s problems are uncannily similar to Greece’s, except that its woes are the U.S.’s problem.

Austerity not enough to save Greece – leaked IMF documents

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Even if Greece accepted all of the austerity measures demanded by its main creditors, the Troika, it still would not be able to make ends meet by 2030, according to IMF estimates revealed in a set of documents obtained by a German newspaper.

The most optimistic scenario shows that Greece would face an unsustainable debt in 2030 even if it agreed to the package of tax increases and spending cuts proposed by the European commission, the European Central Bank and the IMF in exchange fora five-month €15.5bn loan from its creditors.

These prospects were outlined in six documents that were part of the “final” proposal offered to Greece by the three main creditors on Friday. The papers were obtained by the German newspaper Süddeutsche Zeitung and seen by The Guardian.

The estimates provide support for Greece’s decision not to accept the bailout deal. They prove that for Greece to survive economically, it needs real debt relief measures, not austerity reforms.

According to the IMF, Greece would be unable to sustain a debt level of 118% of GDP. In 2012, the organization said that 110% of GDP is the highest debt threshold the country could take on.

Currently the country’s debt level amounts to 175% of GDP, and that percentage could easily rise if the country were to slip into recession.

The documents stressed that even if Greece posted stellar economic growth for 15 years, the debt level would still be higher than 110% of GDP, adding that Greece had no chance of meeting that target.

Even if the economy managed to maintain a growth rate of 4% a year for the next five years, the national debt level would only decline to 124%.

“It is clear that the policy slippages and uncertainties of the last months have made the achievement of the 2012 targets impossible under any scenario,” one of six secret documents, titled the Preliminary Debt Sustainability Analysis for Greece, stated.

There are also mentions of much needed “significant concessions,” but no specifics are revealed.

The files were reportedly sent to all German MPs for review and approval, but were never voted on since Greek Prime Minister Alexis Tsipras rejected the proposal and called for a referendum.

Other documents reveal further details about the proposed deal. For example, there is a description of how Greece would eventually gain access to €15 billion. The plan was to consist of five separate tranches beginning as soon as June. They were said to cover Greece’s immediate financing needs, with 93% of the money going towards paying the cost of maturing debt.

Other details were about reforms Greece should be forced to implement if it were to accept the proposal. The debate over pension reforms was particularly heated. The documents show that the three creditors wanted substantial reform, including changes to early retirement penalties and the phasing out the solidarity grant (EKAS).

Late on Tuesday evening, Greece became the first developed country to default on its international obligations, after the IMF confirmed that it had failed to receive the €1.5 billion debt payment from Athens that was due by the end of June 30.

IMF spokesman Gerry Rice said in a statement that Greece had asked for a payment extension earlier on Tuesday and that the Fund’s board would consider it “in due course.”

This was largely expected by the markets. Greek Finance Minister Yanis Varoufakis had warned earlier that Greece would not be able to make its IMF debt payment on time.

It is still unclear how the Greek debt saga will play out, as the Europgroup, made up of eurozone finance ministers, prepares to meet on Wednesday to discuss new proposals from the Greek government.

Eurogroup to consider new Greece bailout request

Published on Jul 1, 2015

The Greek request on Tuesday for a new bailout from the eurozone took the Eurogroup by surprise.

A planned conference call was put back from Wednesday morning till late afternoon.

The Eurogroup will consider Athens’ request for a new bailout of 29.1 billion euros from the eurozone’s 500 billion euro rescue fund known as the European Stability Mechanism (ESM).

Some eurozone finance ministers are thought to be hostile to agreeing a new bailout when Greece could not accept the terms of the last …
READ MORE : http://www.euronews.com/2015/07/01/eu…

Coming To America: The Hoarding Begins: Greeks Rush To Grocery Stores, Gas Stations and ATMs In Anticipation of Collapse

What happens when your country collapses to such an extent that it can no longer pay its debts, your banking system is bankrupt and the populace loses confidence in its government’s ability to mitigate the crisis?

The events taking place in Greece provide some insight and are a harbinger of things to come in America.

It was a seemingly normal Sunday — except it was anything but normal.

For many people in Athens, it was time to prepare for an approaching storm. A short walk from Plaka, a line of people waited to withdraw cash from an A.T.M., hours before the official announcement that banks would be closed starting on Monday. Some bank machines in central Athens had run out of money or were out of service, as screens blamed “technical difficulties.”

Elsewhere, some people had started hoarding gasoline and groceries. “We don’t know what the new day will bring,” said Katerina Vorreadi, who was among a group of retirees waiting in line outside the National Bank of Greece on Saturday night.

Source: New York Times

Uncertainty breeds panic and if there’s anything that will get people lining up at local venues that provide essential services like money exchange and foodstuffs, it’s the fear of not being able to acquire those items when they’re needed most.

And while some will argue that America is an advanced economy and Greece is not even on the same playing field, the fact is that as a country we are much worse off. In a country where nearly 100 million people are dependent on monthly government benefits just to survive, even a short-term financial shock could lead to widespread panic.

But how likely is such an event?

Well, according to Representative Brad Sherman, during the height of the 2008 crisis Congress was told that if taxpayer funds weren’t used to bail out the system to the tune of trillions of dollars that we would literally have tanks patrolling the streets of America.

Many of us were told in private conversations that if we voted against this bill on Monday, that the sky would fall, the market would drop two or three thousands points the first day, another couple thousand the second day, and a few members were even told that there would be martial law in America if we voted no.

House Representative Brad Sherman (D-California)
Debate on the House Floor, October 2, 2008

It was a testament to just how bad things were and how much worse they could have gotten. But more importantly, it shows just how close to the brink of total collapse our nation was… and still remains.

Just this week the Bank of International Settlements – essentially the central bank for the world’s central banks – said that governments and banks will be unable to fight the next financial crisis because they used up their ammunition fighting the last one.

Keep in mind that these are the people that essentially control the monetary policy of the entire world. And they just said that once the next set of dominoes starts tipping over they aren’t going to be able to stop it.

So the reality of the situation is that not only is this contagion soon to reach America, there will be no stopping it when it does.

In his latest article Michael Snyder of End of the American Dream warns that Americans are woefully unprepared for such a scenario.

While over 70% of people fear an economic crisis is coming, only about 3% of Americans have actually taken steps to prepare for it.

Should America be faced with the same situation as Greece, we can fully expect similar results here.

greece-atms

People will rush ATM’s in the hopes of getting cash, but like Greece, they’ll be met with restrictions allowing them to withdraw just $75 a day.

They’ll make their way to grocery stores hoping to buy a food supply for a week or two while things settle down, but they’ll be met with long lines and empty shelves, much like we’ve seen during previous emergencies.

greece-shelves(Greek grocery stores quickly running out of food. Picture via Zero Hedge)

And, just as we saw in the aftermath of Hurricane Sandy, within 72 hours of a destabilization of our systems of commerce people will be facing starvation and supply shortages.

Tess Pennington, author of The Prepper’s Blueprint, explains the four stages of a breakdown and notes that by day three, things get very dangerous:

Multiple factors contribute to societal breakdowns including failure of adequate government response, population density, citizens taking advantage of the grid being down and overwhelmed emergency response teams.

3-5 days following a disaster is the bewitching hour. During this short amount of time, the population slowly becomes a powder keg full of angry, desperate citizens. A good example is the chaos that ensued in New Orleans following the absence of action from the local government or a timely effective federal response in the aftermath of Hurricane Katrina. In such troubled times, people were forced to fend for themselves and their families, by any means necessary. This timeline of Hurricane Katrina effectively illustrates “the breakdown,” and within three days, the citizens of New Orleans descended into anarchy, looting and murder (Source).

If this scenario isn’t bad enough, at the end of this time frame, there will be an increase in illnesses due to cramped living quarters from emergency shelters, sanitation-related illness,compromised water sources andexposure to natural elements. In the aftermath of the Haitian earthquake, sanitation- related epidemics became a large concern for the disaster victims. In fact, the outbreak erupted into the world’s largest cholera epidemic despite a huge international mobilization still dealing with the effects of the Jan. 12, 2010, earthquake.

Source: The Anatomy of a Breakdown

We can pretend like everything is peachy and that happy times are back again. But even a precursory look at what’s happening around the world suggests that the global economy is derailing. Greece has essentially collapsed (for the fourth time in a decade) and China’s stock markets are in the midst of detonating.

The situation remains fluid, but dire, because if China and Europe go, guess who’s next?

Americans aren’t ready for it. As Michael Snyder notes in his aforementioned article, most people don’t have any emergency cash, or even a three day supply of food on hand in case something happens.

Now, consider what happens when banks shut their doors for a week like they have done in Greece. Next, imagine a scenario where confidence in the U.S. dollar is lost and foreign creditors pull out.

The result is an intense, almost immediate collapse of the system as we have come to know it. When the debt bubble bursts, notes analyst Greg Mannarino, millions of people could die:

Millions upon millions of people are going to die on a world-wide scale when the debt bubble bursts. And I’m saying when not if…

When resources become more and more scarce we’re going to see countries at war with each other. People will be scrambling… in a worst case scenario… doing everything that they can to survive… to provide for their family and for themselves.

We could be wrong, of course. But what if we’re not?

Courtesy of SHTFplan.com