- advertisements -
This proves the age-old adage: Truth is stranger than fiction. That pithy phrase and one other comes to mind: circle jerk. OMFG you can't make this stuff up.18
I was going to go with a more recent adage: comedy is tragedy plus time - C. Burnett
The Greek language has a slang term for this kind of behaviour. It's is "Malakia"
This is a fantastic website and I can not recommend you guys enough. Full of useful resource and great layout very easy on the eyes. Please do keep up this great work. pressure washer
Love is knowing that the person you want to spend your life with will give you the last of anything that they have. Love is just being able to smile at the thought Working Capital
You don't think the Federal Reserve is buying CDS on Treasury default....? Why not, they play the S&P 500 ;)
Grayson should ask Ben in their next fireside chat...
Yeah, that's the trillion dollar question. It's what I immediately suspected, too.
There is no way in hell I would have been the first to post the idea. It's pretty much "status quo" thought around here anyway - call it a Hellenic "pre-shock" to the shitstorm of all time. Eastern thought wins over West in the end? Is Jesus (deus ex machina) about to show up, or has the western world fatally enslaved itself for the next few centuries?
"Is Jesus (deus ex machina) about to show up..."
The Rapture Plot Thickens...
Hey, Pat Robertson or Palin McMILF can put up the anointed one in quasi luxury... Oh wait, Jesus was a Jewish Rabbi...
Maybe he should make reservations at the Blue Moon or the Avenue Plaza just to be on the safe side... Those fundi's don't exactly read that book they are always thumping around...
The prose is gettin' kinda edgy. I like it and all, but the style change is noticeable. This is your blog. Fuck these bastards. Hard. With a baseball bat and no astroglide. I'll keep reading, that's for sure.
Thanks for all you do.
Would that be wood or aluminum?
If you're gonna phuck someone (trying to clean up my act here) I think it would be best to sprout some wood. But if you're like, acting as caddy, what do you suggest on this hole?
Definitely a big wood with an extra long shaft. I don't golf but getting it in the hole won't be a problem.
If you use aluminum and rip the colon wall and get enough aluminum in the blood stream they'll get ahlzeimers and then forget. So then you get stuck in a sysiphus loop having to redo it over and over. LOL
why don't you and your friends find a private chat room to remind each other how amusing you are .... for a lot of other people on here (who may be interested in the subject) it's actually pretty boring
This valuable editorial was very useful to read, I savored it completely. I'm about now to email it to my colleagues to permit them examine this too. Thank you really.
motor trade insurance online quote
Ms you're kind of edgy too, I like it.
it had never crossed anyone's mind that a Greek bank could be betting on the collapse of its own sovereign host
What they *should* have done is followed the GS model and bought all their own CDS. Hey, maybe they did! It's like one of those ancient Greek comedies: you know the one, Aristophanes' /The Producers/.
I will admit that I may have thought I was joking.
It's because you put it in the context of a joke. Humor is what is keeping us alive.
I walked right by a confirmation of a theory I held for about a couple years. The empirical data was munching on lunch literally on picnic benches. Yet it took 48 hours for the data to purge the revelation from my subconscious.
Keep the jokes coming.
i so wish the greeks would come , and teach that circular firing squad thingi to the fed. AH gee, maybe they did!
G-Pap press conference tomorrow: "Uhhh... ummm... hey look! Over there! A squirrel!" *runs away*
Well the Greek population should be "happy." At least they know that their own bankers know that the fiscal situation is untenable, and it has to make money somehow. That said, they probably bought cds at the wides. If they restructure, do they pay the counterparties the full mtm like AIG did? Oh the can of worms is yummy indeed.
HA HA! this just made my evening. That was funnier than 30 Rock.
This old pirate knew it was the longs that were holding that stuff. Now...if they ban CDS trading..enjoy the no bid action!
Someone grab the scooby snacks!
Edgy? “Ambition must be made to counteract ambition. The interest of the man must be connected with the constitutional rights of the place.” Madison.
Just ambition. It's merely a reflection of what is about to erupt in the USA. Those who are calling for cooler heads to prevail have the unfortunate position of being vested interests. There is one very fatal flaw to the progressive move towards enslaving the USA. Said slaves are packing heat. And a lot of it.
So better to fight this fight with the sharp tongue of the mighty pen than the dry powder of Middle America. Once the USA gets whiff of that powder every and all bets are off. And the perps better get their familes out sooner rather than later.
You don't think this eventuality hasn't been hedged? If events have played out so far pretty much according to script, then why would the opera just suddenly end in the middle of Act I? Wouldn't the power elite lose money covering their long positions in societal collapse if they failed to transpire, er, pay off?
No, threats of looming social chaos and perhaps civil war are merely events waiting to be queued up in order to launch Act II. Get out your guns and fire up the revolution; if these events didn't occur, I would imagine there might be some pretty disappointed actors. After all, why launch a global coup if there isn't any reward?
As for Act III, guess what it entails? Hint: all remaining assets captured & profits siphoned while the remaining culled slave population placidly begs for its survival.
...then we have closed the cycle of nations and have devolved back to bondage from which the cycle will start again.
"The history of nations shows that the cycle of the body politic slowly but surely undergoes change . . .
It progresses –From bondage to spiritual faithFrom spiritual faith to courageFrom courage to freedomFrom freedom to abundanceFrom abundance to selfishnessFrom selfishness to complacencyFrom complacency to apathyFrom apathy to fearFrom fear to dependencyFrom dependency to bondage"
This can also be described as a cycle of freedom:
"The Cycle of Freedom
I think there are better sources for this,
I thought it was only US banks that had a greed problem? Hmmm.... seems to be universal.
As for Geithner, well he needs to go to prison.
I wouldn't be so quick to read too much into this. No offense to you, and the experts here, but I know for a fact that some of the world's brightest derivatives traders work at NBG Securities. These guys aren't half as dumb as you all think and I doubt they were the ones selling Greek CDS to hedge funds. More grilled squid please!
Bright they may be but arrogance is blinding.
I'm curious, how else would you read into this? Do tell.
The financial markets have now been oficially mumified.
The populace is presented a semblance of real market, except it is holow inside and does not react to any of the news that should normally move it.
Health care bill passage - no reaction.
This CDS scandal - no reaction.
Is it because the only players left are the arms of the Central Banks that just toss the securities between each other for the sole purpose of publishing desired quotes as this is much cheaper than have to do another multi-trillion bailout?
Monday they pumped the DOW 15 points just before closing bell to get it over 1725 a technical area of importance (so I'm told I don't trade the DOW).
"They" levitated the DOW again Tuesday, in support of the hell control bill, when really the market should have tanked hard. By levitating the market Monday and Tuesday, in the appearance of mild action, they made the hell control bill appear to be insignificant. They are magicians and the world of flat superficial appearance is everything.
You no doubt remember how "they" tanked the DOW to 6,000 when Paulson was pleading for TARP.
Betting on the collapse of their own central bank?
Heh, that is almost as stupid as the ongoing, "market meltdown" cheerleading by the so-called gold bugs like Bill Murphy at GATA.
Seems like by now, he would have figured out that by cheering and trumpeting a "systemic collapse" is the same as cheering for his own demise, as gold and gold stocks go down 300% faster than the S & P 500 when a "convulsion" hits...
One day these guys will learn, that the only way gold reaches "Armstrong's, Alf's, E.T.'s, and Buzz Lightyear's" targets will be when Bernanke gooses the money supply to get the Dow pushed up past 20,000+.
These guys should be rooting for more money, more printing, and higher stock prices.
Would love front row seats for when you and GG eventually go at it.
You seem confused... A market meltdown is good in the sense that it stops our politicians from robbing the taxpayer of the future via the bond market. It literally puts the pain on the current generation (who deserve it) and spares the future generation (who had no part in this mess).
Also, your analysis on gold vs the S&P 500 makes no sense. I mean, just throw up a basic 10 year chart gold vs the S&P 500. S&P shares also carry significant counterparty risk (ever hear of Enron?) whereas bars of gold are not encumbered that way.
I've been in PMs for years but I think Robo's comment has some weight and would love a debate about whether a market crash (which should be on every ZHer's mind) in our current fuckedupenomics situation will cause gold to also tumble in at least the short term. This topic would be a pertinent open thread or forum discussion.
AR15AU: Here is a link to a 10 year gold/S&P 500 chart
Do you not see what Robo is talking about? Just look at when the market crash started... Gold and the S&P got slaughtered. What it did over 10 years doesn't matter as much as what happened during the crisis. I remember because I was buying miners on the way down and will never forget that beating.
Just go back and have a look what gold was doing when the S&P was in a free fall around the time Congress failed to pass the Paulson taxpayer rape plan (aka TARP) the first time.
We may not know for sure, but we can guess. Who are the big gold longs right now? What are their other positions? Are they susceptible to an equity market plunge? Are they highly levered? If they are (John Paulson et al), will they dump their gold to cover losses in massive holdings of C, BAC, WFC, JPM, AAPL, and a host of moon shot retailers?
I love your daily recap posts (and the related exposed flesh) but you couldn't be more wrong on your statement "Seems like by now, he would have figured out that by cheering and trumpeting a "systemic collapse" is the same as cheering for his own demise, as gold and gold stocks go down 300% faster than the S & P 500 when a "convulsion" hits..."
I'd seriously re-think that one if I were you......
To my understanding, he has never cheerleaded the devestation the commoner will suffer. He has cheered at exposing the fraud and he has tirelessly worked toward that end and deserves the credit he takes.
You couldnt make this s**t up.
At least there will be something to watch on TV tomorrow.
Looks like the rock just rolled over Sisyphus on it's way back downhill.
time to bring in scully and mulder.
and what is with the difficult math questions in the capthcha.
Thank God! The culprit has been found. Just when I had given up on justice. Were saved.
US Weekly: Nancy and Rahm admit love-nest weekends!
That is just an ugly thought...
With Emanuel's ultra aggressive short man's complex, we would be safe to assume his winky is no bigger than the digit-less finger...
Therefore any attempted intercourse amongst the two is not likely to crack the only thing tight and taut on Pelosi...
Her face lift.
i hereby nominate you for the Presidential Medal of Freedom
Water Wings made me think that sick thought. He gets an assist...
Let me guess, the Federal Reserve(under the guise of the IMF) will initiate its own counter partied swap to bailout the Greeks using their Primary dealers in Goverment Sachs and JP Morgan to leverage short the Euro and Greek debt and derivatives using tax payer money so everybody(that caused the problem) can get back to work on creating more problems.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.