Athens, Greece: Bombing at JP Morgan Bank, page 1

There was a bombing today at a JP Morgan bank building in Athens, Greece. As the Greek Nation struggles with it's debt woes and economic instability, political backlash has taken root in the form of violence. And it seems these attacks are carefully aimed at banking and government institutions.

Bomb Explodes Outside JPMorgan Athens Office, No Injuries

When the Global Debt bomb finally explodes and the US economy tanks with it I think we should expect a similar backlash in our own back yards. It is only a matter of time before the guns come out.

[edit on 16-2-2010 by projectvxn]

reply to post by Alethea

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I would rather not rely on the government or any other institution to have contingency plans in place that would benefit the country as a whole. Profound changes are necessary. I too hope to not see a rise of violence in this country. But if you take everything away from a people what more do they have left to lose? This may very well get out of hand, and as a precaution I recommend you arm yourself, stock food, and pray for the best.

Shades of September 16, 1920, anyone?

At noon, a wagon passed by lunchtime crowds on Wall Street in New York City and stopped across the street from the headquarters of the J.P. Morgan bank at 23 Wall Street, on the Financial District's busiest corner. Inside, 100 pounds (45 kg) of dynamite with 500 pounds (230 kg) of heavy, cast-iron sash weights exploded in a timer-set detonation,[2] sending the slugs tearing through the air. The horse and wagon were blasted into small fragments.

The 38 victims, most of whom died within moments of the blast, were mostly young and worked as messengers, stenographers, clerks and brokers.[3] It caused over $2 million in property damage and wrecked most of the interior spaces of the Morgan building.[4]

(UPDATE)

Bomber Warned News Paper of attack in Advance

A medium sized-bomb exploded Tuesday at a building housing offices of J.P. Morgan, the financial services firm, Greek police said.

A warning was phoned to a Greek newspaper 30 minutes before the explosion, and police evacuated the building, police spokesman Takis Papapetropoulos told CNN.

No one was hurt. The callers did not identify themselves, he said.

The warning call "means they don't want to have victims," he said. "They never say who it is when they call. They claim it after."

The call came about 7:15 p.m. (12:15 p.m. ET), he said.

There were at least two bombings in Athens last year, one targeting a politician's office and the other at a real estate office. There was also an attack on a television station by masked gunmen on motorcycles who threw a homemade explosive, authorities said at the time.

This is getting interesting I'd say.

reply to post by Alethea

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You can't take care of others if you don't take care of yourself. Nor is it possible to help everyone. It was only a recommendation. No need for hostility.

Originally posted by Someone336
Shades of September 16, 1920, anyone?

At noon, a wagon passed by lunchtime crowds on Wall Street in New York City and stopped across the street from the headquarters of the J.P. Morgan bank at 23 Wall Street, on the Financial District's busiest corner. Inside, 100 pounds (45 kg) of dynamite with 500 pounds (230 kg) of heavy, cast-iron sash weights exploded in a timer-set detonation,[2] sending the slugs tearing through the air. The horse and wagon were blasted into small fragments.

The 38 victims, most of whom died within moments of the blast, were mostly young and worked as messengers, stenographers, clerks and brokers.[3] It caused over $2 million in property damage and wrecked most of the interior spaces of the Morgan building.[4]

I wonder if believers in timewave can make these incidents line up?

[edit on 16-2-2010 by jacksmoke]

reply to post by projectvxn

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While all of this sounds great to folks who want the system to come crashing down, it is moronic and hurts the Greeks.

The only thing this does is further underscore the fact that Greece is not a good place to invest capital, not that it ever was. JP Morgan does not care a bit about this given that nobody was hurt. They'll just pack up and go home. For those who say "good", it is not good when viable businesses can not get financing to expand. What Greece needs is a viable public sector.

The Greeks have nobody to blame but themselves. I've lived in Greece. The Greeks don't work. Now you can go out into the country and see folks working the land, but in towns and cities, folks don't work. They're in the taverna in the morning sipping on coffee and shooting the breeze, they are back at the taverna at 4 for a few cocktails and more shooting the breeze. Dinner at 9 or 10, naps in the afternoon and huge public dole.

What you have now are people who have sat by and watched their parents live this lifestyle and now the government comes in and says no can do any longer. The folks come back with "why are we broke?". They're broke because they have done very little but sit about eating great food and sipping ouzo for the past 50 years and paying for that nonsense with debt.

reply to post by dolphinfan

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It's no different anywhere in the EU (or the US). The days of instant gratification paid by debt are over-For Greece today, and tomorrow?

reply to post by projectvxn

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No doubt, but at least most of Europe and the US have an actual industrial base that they can return to. The Greeks have no industrial economy, nor service economy for that matter. They rely on tourism and olive oil. When the economies of the world take a hit, vacations stop and when times are tough, folks don't buy the $12/bottle of kalamata olive oil.

Greece is screwed. They will get bailed out by the EU which will further hit the Euro. There is nothing they can do. If they don't bail them out, the refugee problem to the north will be massive and it will cascade from there.

Having lived there, I can tell you that on places like Crete, where I lived, the Greeks could care less. They don't go to the mainland, everything grows there and they lead a very simple and high quality life. Go to the mainland Greece is a different story. Mainland Greece has been on the edge for about a decade and now I fear there is no going back. No clue about what they are going to do to fix this problem. It is clear that the Germans don't want to simply give them cash and believe me, it is not in the Greek gene to take orders or live up to the expectations of others. They still point up at the Acropolis and think they rule the world or that the world owes them for Plato.

The growing debt bomb: Facing a one- to three-year countdown

This should help people understand why the crisis in Greece is so analogous to our circumstances in the US. Iceland collapsed in the early stages of the global financial crisis. For many, this was a serious wake up call, especially when the political fallout between Iceland and Great Britain was brought to the surface.

If a default of that magnitude happens here in the US(and it is looking more likely every day) the ramifications could be disastrous. God only know what it will do to the rest of the world. War or rebellion are certainly guaranteed.

[edit on 17-2-2010 by projectvxn]

reply to post by projectvxn

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Yeah dude for sure, people are already extremely angry with the banks here in the US, and then documentaries like Zeitgeist Addendum will only add fuel to the fire.

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