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Germany! Ach. say it isn't so.
That's what they get for loaning all of their assets away.
I do not understand why so few have panicked into gold and silver. Mystifies me.
Who understands these CDOs, CDSs, IRSs, etc? 1 / 1000?
Preservation of wealth is key now. Not much time, amigos, 'til TSHTF!
Prepare, prepare even more quickly, time may be very short!
yesterday on TV, questions by the audience, answered by the editor of some retail investment magazine... Q: Shall I buy PMs now? A: PMs are expensive, hard to store, and furthermost they are highly speculative.
And you know what: He is actually right. HOWEVER: He (and the entire mainstream) forgets to mention how speculative any kind of fiat investment has become.
Highly speculative (on the upside) sounds good.
As for the "why", I guess arrogance, and reliance on faulty systems like the slave stream media (I borrowed that term, very fitting. ;-) is the reason, and now they're either on holliday with the family, or they're "frozen" (deer in the headlights).
you sound angry... I have a silver eagle in my pocket / in my hands all the time. Cannot explain why, but it has a comforting and calmative effect. I am sure you can afford one examplar of this device to try that.
Greece should default and get this over with.
The default comes once as many suckers as possible have bought the phoney financial instruments they are peddling.
I'd guess we get something like this:All debt goes to the public sector, all cash goes to the losers holding it in their funds, banksters take every nickel they can get and buy stuff (real estate, weapons, PM, oil, power plants), reset button is pressed.
"To our knowledge, this is the first report of supernumerary breast tissue on the foot."
Goodnight Bob Paulson.
LOL - the combo of the statement's nature, it's absurd irrelevance and the origin of said statement, taken together, are compelling. Kudos
@ Mr Lennon,
Perhaps you mean "Greece should default and get this started!"
Back @ both of you. The death of the PIIGS.
The final trade.
This is indicative of a complete collapse of the eurozone.
uh...where is the drachma?
Helmut Kohl today blamed Merkel for "Ruining his Europe"
i like the idea that if one wants credit default swaps on the parteee in europe, why not buy the cheap ones, at this point? anything can happen. who knows what zombie is gonna run completely amuck, next?
if the idea catches on, there might be nice % gains.
no counterparty risk either, right? LOL!
hi! i'm suzie from Black Hole Life & Casualty; with this type of (wink, wink) insurance, the price is 100% determined by markets from which light does not escape. wait till you see the ideas i have for your family!
I am really starting to like slewie and Monedas...
Their writing styles belie an inner intelligence that seems off the charts!
Shine on you crazy diamonds!
Where are you dumpster??? Another genius sorely missed by me here at ZH...
Check out the Triple Whammy German Bund ETF, now at world record highs.
Not very liquid, but shows people are willing to bandwagon just about anything with 3x leverage.
lick my taint
i had a buddy who would put peanut butter on his taint and let his dog lick it off....
It just keeps getting worse and worse.
It's Obama's Marxism to blame again! Or maybe, just maybe, there is a group of very wealthy people who are screwing us all and turning us against each other. Or Obama fucked up Germany too. They are, after all, lazy socialists who retire at 35 or whatever is the fashionable thing to say at Tea Parties these days.
Marxism? WTF? You don't see this very often on Zero Hedge. Do you have the slightest idea what Marxism is? Do you call him a socialist too? Obama is just about as far across the spectrum from Marxism as you can get. Corporatist, fascist. Look these words up.
that spectrum itself is a mechanism of distraction and division to keep the just-clever-enough-to-hurt-themselves fools at each others' throats. it's about power, and the concentration of power, it's about wealth, and the concentration of wealth. Whether you paint 'marxist' or 'corporatist' or 'fascist' or 'liberal' or any other damn label on the outside does not change for a moment the true essence, or, more importantly, its relationship with the rest of the world. This relationship is aggressive, hungry, greedy, ruthless, and it will eat you without a second thought regardless of whatever ideological blatherings you think matter to it. Nothing matters to it but feeding its hungry appetite, and you, sir (along with the rest of the world), are on the menu.
Yeap, people use labels to mock those that oppose tyranny. The battle from day one between government and the people is a matter of liberty vs tyranny.
At least the SNB is willing to intervene.
Maybe it has something to do with the CCP new decree that all cadres at local governments will stop buying audis/bmws pending the leadership transition. They need some moral authority even if they can't get inflation to go below 5% non?
Greedy, greedy banks Deutsche Bank and Commerzbank are now a systemic risk to Germany via Greece, Spain will take out the greedy UK banks. Now the EU cartel is delaying the inevitable just means major FUBAR on the EZ.
A toxic bond contagion.
Half the world's toxic....Ewww
Looks like things are setting up for another little Ice Age in Eurotopia.
If things go tits up there, Bernanke and Obamao will have to crash us, too. That is apparently how the grand currency suicide pact works. We must all fall down at the same time so TPTB can start the NWO and the global funny munny.
What name for a new global currency bundles the most national, regional and cultural references but could still be printed on a bill?
I do not know how it will be called officially, but I will call it SLAVE CONFETTI.
I think we should name it the Fiat Unification Currency for International Trade
This is a well written article. Good stuff!.
Is China trying to find buyers for euros?
Color me irony
Global Jubilee is coming soon.
Why didn't they call CDS's "Juggling with someone else's eggs"?
this may not be total bullshit but there will be but only a few more times to BTFD untill the s&p gets to 1500-1750, and then wash,rinse, and repeat.
spanish 10yr looking like going 7%
It's on now; dutch parliament broke off recess (paid holliday) this weekend to discuss the financial crisis on thursday. Unheard of developments! Politicians to the rescue! </sarc>
What happens to counterparty risk to soverign CDS when there is a soverign default. Is this when the monetary central banking system finally crashes so that humanity can move forward?
1000 English Pounds!
I won't take under.....
ha ha...Magic Bus...get on it!
"Many associate exploding CDS as a feature of backward third world countries, or, as they are better known these days, PIIGS."
So, the manufacturer of Ferraris is a backward third world country these days?
You realize that ZH is read in Europe, right?
What a nice chart!
So, the manufacturer of Ferraris is a backward...?
So, the manufacturer of Ferraris is a backward...?
definetely! What could be more pre-civilization-patriarchic-phallic than Ferrari, Lamborghini etc.? :)
when you appreciate politeness, diplomacy and political correctness, this is good, even I do occasionally, but ZH might not be the web's center for it.
You realize that we consider the US as third world country?
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