Odious

SLAM! Greek Debt Committee Just Declared All Debt To The Troika "Illegal, Illegitimate, And Odious" WILL NOT PAY

The "Black Swan Event" that we've all known was on its way, just took place: The Greece Parliamentary Committee on the Public Debt has issued it's report declaring the loans given to Greece by the International Monetary Fund (IMF), the European Central Bank (ECB) and various Banks (Known collectively as the "Troika") as Illegal and Odious."

The word "Odious" has a specific legal meaning and when someone utilizes that word with regard to loans, it means they will NEVER be repaid.

Thus, an official Government Committee in the Greek Parliament has now publicly REPUDIATED it's national debt.

All hell is now going to break lose!

[link to www.zerohedge.com]

http://www.zerohedge.com/news/2015-0...ate-and-odious

Odious debt
From Wikipedia, the free encyclopedia
In international law, odious debt, also known as illegitimate debt, is a legal theory that holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, should not be enforceable. Such debts are, thus, considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion.[1]