"The ECB Would Like To Thank The Academy" - Here Is What Happens After Greece Defaults: (The PG-13 Theatrical Version)

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Tue, 05/24/2011 - 19:09 | 1307103 apberusdisvet
apberusdisvet's picture

The Germans need to invade; on humanitarian grounds, of course.

Tue, 05/24/2011 - 20:23 | 1307310 He_Who Carried ...
He_Who Carried The Sun's picture

The Germans shouldn't have left in the first place. ;-) :-))

Now "The knights of St. John" will get Rhodos back and keep it forever.

Tue, 05/24/2011 - 20:49 | 1307376 Rodent Freikorps
Rodent Freikorps's picture

The Germans will keep the lights on.

The genius, this time, is the Greeks will eventually beg them to invade.

Beats hell out of the Turks taking the territory.

Tue, 05/24/2011 - 22:29 | 1307674 BobPaulson
BobPaulson's picture

More likely it will just return to its equillibrium state of the good old drachma days. The geniuses who think Europe can accommodate its inherent disparity under one roof missed the class on "arbitrage". In my first visit there in 1990 it was fun, cheap and somewhat backward. Nothin' wrong with that. Helicoptering in money to try to make it a suburb of Munich hasn't exactly worked out.

Wed, 05/25/2011 - 04:04 | 1308165 BigJim
BigJim's picture

I suspect the Greek government will sell most of its assets to pay its debt. The austerity will go on, or even deepen. The standard of living there will plummet. The Greeks will finally revolt. Embarrassed by Greece's developing-nation status, the EU will 'regretfully' let them out of the EMU, maybe even out of the EU. They'll set up their own currency, and then nationalise all the industries they privatised a few years earlier. Meanwhile, all the management of the banks that were bailed out will have retired on multi-billion dollar bonuses. The new management of all the banks that will lose a fortune when Greece re-nationalises will take their begging bowl/RPG to the ECB and get bailed out (again).

The Greeks should revolt NOW.

Wed, 05/25/2011 - 07:57 | 1308352 agent default
agent default's picture

"Be quiet you will wake up the Greeks" Actual poster from the Spanish protests.

That bunch of dead meat? Revolting? Forget it.

Tue, 05/24/2011 - 23:42 | 1307826 PulauHantu29
PulauHantu29's picture

Greece may be handed over to Knights Who Say Ni:


Wed, 05/25/2011 - 01:42 | 1308019 Michael
Michael's picture

The Greeks could always reclassify their debt as tier 3 capitol and move it off the books for an undetermined period of time. No need to mark it to market either. 

There, problem solved.

Thank me.

Wed, 05/25/2011 - 10:03 | 1308757 BobPaulson
BobPaulson's picture

If they could be reclassified as an investment broker these numbers wouldn't be bad at all, and they could get their lips on that Fed bailout teat. 

Tue, 05/24/2011 - 23:06 | 1307757 silberblick
silberblick's picture

Click below to see a visual graph of Bankster's dirty needs arranged according to Abraham Maslow's hierarchy of needs:


Tue, 05/24/2011 - 19:14 | 1307105 Cheesy Bastard
Cheesy Bastard's picture

My big fat Greek bloodletting

Tue, 05/24/2011 - 20:43 | 1307365 bonddude
bonddude's picture

OPAH ! More retsina !

Tue, 05/24/2011 - 21:46 | 1307573 oogs66
oogs66's picture

Stop stealing my lines! :P

Tue, 05/24/2011 - 19:11 | 1307106 IdioTsincracY
IdioTsincracY's picture

Of course ... the only remedy to a debt problem is more debt, but quality debt!


Tue, 05/24/2011 - 21:05 | 1307418 Milestones
Milestones's picture

Well we have oddles and oddles of prime debt. Why not let them have some of ours?   Milestones

Wed, 05/25/2011 - 03:03 | 1308118 TruthInSunshine
TruthInSunshine's picture

OT, but I found out who RoboTrader is:

Tue, 05/24/2011 - 19:12 | 1307108 Restcase
Restcase's picture

>>That means the Greek state will gain nothing. It will invest in the banking sector everything that it has gained in the restructuring.<<

Or it could let the loser banks fail while clearing the way for new winner banks to replace them. These newly chartered winner banks could be stocked top-to-bottom with friends of the current government.

It's a win-win!

Tue, 05/24/2011 - 19:54 | 1307210 j0nx
j0nx's picture

I'm ok with this as long as the current crop of banksters are fired and forbidden from EVER working in any field that involves ANYTHING to do with finance again. The only jobs they will be allowed to work are McJobs. Then I can drive through and order a cheeseburger and then come into the restaurant a few minutes later and say, "oh boy, I asked for no onions!" and then I throw the open faced burger at him ketchup side up right into his McSmock. How long will it take before they all off themselves after a few days of that kind of treatment. One can only hope...

Tue, 05/24/2011 - 21:01 | 1307410 Things that go bump
Things that go bump's picture

I'm afraid many will fall on their swords, so to speak, rather then serve cheeseburgers wearing a paper hat.

Tue, 05/24/2011 - 22:27 | 1307668 Alienated Serf
Alienated Serf's picture

+1 for McSmock

Tue, 05/24/2011 - 19:17 | 1307111 Miles Kendig
Miles Kendig's picture

“Time isn’t a way of lightening the program. A bit more time may be necessary. The program might be longer. The measures are necessary in any case. It’s the same effort over more time.”

When it's "with more time & effort there may yet be success" in such auspicious circumstances you know the situation is FUBAR.

Tue, 05/24/2011 - 19:47 | 1307194 NewThor
NewThor's picture

Speaking of Bloomberg:

When I save society and create a better system that gives a

better quality of life for all creatures on the planet,

I'm taking Caroline Hyde, Betty Liu and Linzie Janis 

as my wives.

I ain't playing, YAR!

Tue, 05/24/2011 - 19:16 | 1307115 macholatte
macholatte's picture

You have to make decisions that are in the interest of the country and its citizens.


I didn't see that language in anyone's oath of office. Did I miss something?

Tue, 05/24/2011 - 19:20 | 1307125 tom a taxpayer
tom a taxpayer's picture

It is a real horse race as to who is the biggest EuroLiar - ECB's Christian Noyer or Jean-Claude Jun(c)ker


Tue, 05/24/2011 - 21:49 | 1307584 oogs66
oogs66's picture

Who is responsible for more rape - dsk or trichet?

Tue, 05/24/2011 - 19:21 | 1307130 LivermoreJim
LivermoreJim's picture

Reminds me of the song in the musical MAN FROM LA MANCHA: "I'm only thinking of him."

Tue, 05/24/2011 - 19:22 | 1307140 Pepe
Pepe's picture

All I can say is: Sit back and watch

Tue, 05/24/2011 - 19:26 | 1307147 MiguelitoRaton
MiguelitoRaton's picture

That's like a teachers union rap saying outrageous pensions are "all about the children" do the sheeple really look that stupid?

Tue, 05/24/2011 - 19:30 | 1307154 IdioTsincracY
IdioTsincracY's picture

What the hell is this?

Tue, 05/24/2011 - 19:35 | 1307179 Medea
Medea's picture

Perfect response.

Tue, 05/24/2011 - 19:57 | 1307224 MiguelitoRaton
MiguelitoRaton's picture

You have difficulty with analogies in general or just this one? The teacher's union regularly says it is "all about the children", while they refuse to fire failing teachers, promote solely on seniority, and weild power, all of which harm the children.


At least one union rep admitted as much:  "One union rep explains, 'it is not because we care about children. And is it not because we have a vision of a great public school for every child. NEA and it's affiliates are effective advocates because we have power.'"


See: http://www.myfoxtampabay.com/dpp/news/state/anti-union-ad-precedes-teacher-pay-vote-03152011


The analogy, since you seem to have missed it is this dipshit claiming that bailouts are all about helping the Greek people.



Tue, 05/24/2011 - 20:36 | 1307293 IdioTsincracY
IdioTsincracY's picture

You should not be judging the teaching profession based on the lack of reasoning that you demonstrate ... I am sorry that bad teachers turned you into an idiot ... just remember you do not represent the product of our educational system as a whole ...

just look at all the people on ZH ... all products of our current educational system ... not bad right?!


Not sure if can read ... but if you can, try this, just some simple facts:




Tue, 05/24/2011 - 20:43 | 1307361 MiguelitoRaton
MiguelitoRaton's picture

Ah, a collective bargaining apologist. No doubt a teacher or retired teacher. Your strawman attack on me personally is NOT a response to my points:

1. Teachers unions promote by seniority not results

2. Teachers unions have made PUBLIC schools 2X-3X more than private school costs in the US, while delivering inferior results

3. Teacher's unions are no more about helping the children than this ECB apologist is about helping the Greeks.


So go ahead and demonstrate your inability to address issues, and go ad hominem on me. That is always the last resort of someone losing an argument. BTW, while you're at it, please explain why the teacher's unions are against vouchers and school choice. Or just attack me personally, that's much easier...

Tue, 05/24/2011 - 21:02 | 1307417 IdioTsincracY
IdioTsincracY's picture

Teacher? ... nope dude! :-)

Just someone who actually values facts over IdioTic opinions.

Anyway, did you actually read the document? Any thoughts beyond those that a mindless and uninformed being would provide?


Tue, 05/24/2011 - 21:18 | 1307458 downwiththebanks
downwiththebanks's picture


Tue, 05/24/2011 - 21:14 | 1307454 downwiththebanks
downwiththebanks's picture

Keep sucking off the banker-gangsters, disinfo boy.

Wed, 05/25/2011 - 04:41 | 1308183 BigJim
BigJim's picture

You're confused.

Socialism demands enormous state intervention, and destroys the price mechanism. Central planning is expensive (ie, wasteful of resources) and as a consequence, governments require more money than they can feasibly tax without being thrown out of office by irate taxpayers. They therefore require the banks to buy their debt and to run a fiat-currency regime to inflate the money supply to pay for all the goodies they hand out to all the voters, who think they're getting something for nothing... whereas it's all being paid for by their currency's destruction.

So your support for 'socialism' is actually a vote for the banksters.

You're the one sucking off our bankster class. And you don't even understand it.

Tue, 05/24/2011 - 20:04 | 1307253 knukles
knukles's picture

I agree wholeheartedly.

Ya'll left my kids so fucking dumbed down you don't deserve one.

Tue, 05/24/2011 - 21:17 | 1307460 downwiththebanks
downwiththebanks's picture

Don't blame a teacher for your inability to parent, banker-gangster.  Perhaps rape and pillage shouldn't be among the cardinal virtues you pass along to them.

It makes them greedy, selfish, narrow-minded little fuckers.

Wed, 05/25/2011 - 05:16 | 1308197 zhandax
zhandax's picture

I will admit that i do not blame the individual teachers but rather the federal dept of education (absolutely unconstitutional) but the net result is we have an entire generation of idiot kids and they are almost at the age of reproducing.

Wed, 05/25/2011 - 06:20 | 1308230 bigkahuna
bigkahuna's picture

They are not all idiots, but they have absolutely no idea what they are getting into. Over the last 4 years I believe that monetary systems across the globe have become trivial. These kids think that money grows on trees-and for them, it has. That is all coming to a nasty end. I just hope they don't go nuts.

Tue, 05/24/2011 - 20:24 | 1307307 downwiththebanks
downwiththebanks's picture

To type and perform fellatio upon a banker-gangster:  what a skill.

Wed, 05/25/2011 - 04:42 | 1308184 BigJim
BigJim's picture

You're confused.

Socialism demands enormous state intervention, and destroys the price mechanism. Central planning is expensive (ie, wasteful of resources) and as a consequence, governments require more money than they can feasibly tax without being thrown out of office by irate taxpayers. They therefore require the banks to buy their debt and to run a fiat-currency regime to inflate the money supply to pay for all the goodies they hand out to all the voters, who think they're getting something for nothing... whereas it's all being paid for by their currency's destruction.

So your support for 'socialism' is actually a vote for the banksters.

You're the one fellating our bankster class.

Tue, 05/24/2011 - 20:30 | 1307333 Carl Spackler
Carl Spackler's picture

+1million,  MiguelitoRaton

Perfect analogy

Tue, 05/24/2011 - 20:36 | 1307348 IdioTsincracY
IdioTsincracY's picture

After the analogy, how about a syllogism:

School systems produce idiots

MiguelitoRaton is the product of a school system

therefore MiguelitoRaton is an idiot!

Just sayin'!


Tue, 05/24/2011 - 20:47 | 1307370 MiguelitoRaton
MiguelitoRaton's picture

You are calling everyone who is a product of "the school system" an idiot? Interesting. And yet you know nothing of me. I could have attended public, prive or homeschooling for all you know, but you call everyone who goes to school an idiot. I assume therefore that you did not go to school...so WHO is the idiot?

Tue, 05/24/2011 - 20:57 | 1307407 IdioTsincracY
IdioTsincracY's picture

What you see is your reflection in the mirror.

Tue, 05/24/2011 - 23:33 | 1307805 tarsubil
tarsubil's picture

Did your teacher teach you that, little Johnny?

Tue, 05/24/2011 - 23:37 | 1307808 Rodent Freikorps
Rodent Freikorps's picture

It was in the Federal approved teaching plan.

All hail the State.


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