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It's gonna get real interesting when Greece shits the bed.
The insurance companies and Big Five banks are doomed.
I disagree. Yes they are totally insolvent institutions, but it is the general population that are doomed. The writing is on the wall: Bailout the banks and finacial system at all cost, no matter what "transitory" effects arise as a result. You just know that many more dollars are going to be thrown at that black hole of doom before they come out and admit defeat.
They are ensuring the end of most fiat currencies. Benocide is ring leader.
Benocide is ring leader.
You still don't get it. Bernanke makes no decisions, he just follows orders. Why do you think he's so damn nervous during the press conferences? He's just saying what he's been told to say, and he's a terrible actor. The banksters pull his strings and he dances to their tunes.
See what happens when you fire GG?
Actually, Ben is telling the truth for once. The bank losses in the US in the case of a Greek default will be non-existent, simply because the taxpayer will be on the hook in place of the banks.
"Ben the Honest"
"...and Big Five Banks are doomed." Can I pop the cork yet!
don't hold your breath.
WHAT ABOUT THE US POSTAL SERVICE STOPPING PENSION FUNDS!!!! HOLY SHITTTTTT!!!!!
VERY BAD NEWS!!! AND NOW SAAB is out of money also!!! YAY!!
I don't think they are going to go down that easy. These banks are monstrous, I'm thinking something more inline with this guy's thoughts...
Basically, the sheep are going to be placated by the droping gas prices and etc. to not notice while the noose tightens over the summer.
gold revaluation to recapitalize the worlds banks
remember his comments yesterday
"banks need more capital and the banks need a better quality capital" hence gold
It makes sense and a good hedge for the world's banks-- which is why anything short of revolutionary change in our political system, monetary system, and breaking down of institutions will be a failure in taking advantage of a great opportunity during this financial crisis and turning.
yeah, i caught that too and i didn't think he was talking about prettier pictures of dead presidents on the FRN's.
No, he'll go for plastic bills, like in Canada: A true world leader in "better quality capital"
One more straw on the camels back... I really need to invest in a good pair of galoshes for the inevitable shit storm this will bring.
Imposible to walk in this muck....no footing at all...
Imposible to walk in this muck....no footing at all...
Don't forget boot chains, sold at your favorite tire chain retailer.
Looks like Aflac is now roasted.... duck. Someone eats good tonight yah?
Serial insolvent ponzi-government knockout contest!
Precisely why everything will be done to avoid the first domino from falling. The only problem here is that it WILL fall at some point.
Not good. AFLAC should have bought gold instead.
There was one insurance company that did so a few years back, "Northwestern"-something, I think.
You mean that hybrid Gilbert Godfrey/ Duck? Who would of ever thunkith
Have no fear. The AFLAC duck is calming the stock market as I write.
This one is soon to become Peking Duck.
With respect to our eventual overlords, that's pronounced Beijiing kao ya.
Who needs a circus when you have an adorable duck to distract the populace?
His cuteness makes you wanna buy RIMMM extra 'M' for good ... ...
It's been a pleasure.
His "cuteness" makes me wanna grab my mossberg and get off this damn screen and get into the marsh.
In June??? WTF
What? All this talk about duck made me hungry, they taste the same in June as they do in october.
The only thing I hate more than that duck is that fucking green lizard.
The best of both worlds. Don't overlook the stack of cash with the eyeballs.
This should be a real commercial for Corona and at the end an ice cold bottle falls out of the clear blue Mexican sky to land on the lizzard. SPLAT! Blood everywhere Corona bottle rescues the day. I'm pitching this to Dos Equis as well... they are delicious also.
"Stay thirsty, my friend..."
have no fear...the London market is closed now. the algos can take over and ramp the market straight into 3:pm...at which point the wheels will come off and close at a new LOD
Run the stops!
Well, fuck a duck!
Wow. It's all going to go down. Can you imagine investing in yen for safety? More gold!
Sheesh! Just let the Greeks default and get it all over with so the rest of the world can get on with the reset....
Nah, reset should have happened back in '08, global "deny responsibility and delay consequences for unhealthy choices" meme in full force. The regular responsible hard working family will be fleeced, cooked, put down and/or oppressed in Orwellian style until the post-industrial narcissistic and juvenile information/pudding economies of the world houses of cards collapse.
"But such is life in the unwind phase of the biggest global ponzi ever conceived, in which the smallest mark to market event on the global financial balance sheet in which everyone's assets are someone's else liabilities and vice versa, will launch the biggest house of cards collapse in history."
I just thought the sanguine, yet terrifying brilliance of that sentence, encapsulating this Orwellian moment in our history with such clarity, deserved repeating. This is why we come to the Mecca of zerohedge.
It's all right there in that one sentence. The explanation for all the lying, stealing and fraud we see on a daily basis is right there.
Which is why Greece will never default. Too much capital on the line.
is there a zerohedge equivalent in Europe/uk, i'm starting to feel that i know too much about the US situation and not enough about my own neighbourhood
While not exactly equivalent, thedailybell.com is always a good read.
As colonial progenitor of our government and early culture - as well as the former world power and our #1 ally - our fates are inextricably linked - just as our banks are.
The sentence snagged my attention as well. Nice symmetry, good meter, etc. To my mind, Tyler needs to equip himself with some grim, doom-fostering metaphors. Book of Revelation type stuff (you know, bowls of wrath, scrolls, voices sounding like rushing waters -- iconic imagery and the like), that shit hasn't been more apropos since the Black Death.
Bring out your dead.
........."biggest house of cards collapse in History..."...i have to admit ...sometimes it feels really SCARY
At the time of his death, my dad said, "well, it's time to get this over with". Me too, I ready for the whole bullshit facade to colapse; let's get it over with.
your Dad sounds like he was a brave guy. god bless.
I was thinking the same thing. There's comes a moment when we just have to plow on through.
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