• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Euro Finance Ministers Break As Greek PSI Plans Crumble

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Mon, 07/11/2011 - 15:41 | 1445043 goldfish1
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Mon, 07/11/2011 - 15:54 | 1445119 Azannoth
Azannoth's picture

The last recourse the Glorious Printing Press, com'n bitchez make my day

Mon, 07/11/2011 - 16:09 | 1445190 freethinker4now
freethinker4now's picture

Gold Bitchezzzzzzzzz

Mon, 07/11/2011 - 17:08 | 1445404 knukles
knukles's picture

 "We never thought it was a good idea,"

Neither did the rest of us.
These folks will now justify their existence as human fodder for snarky remarks on ZH.
How's that workin' for ya' now?

Mon, 07/11/2011 - 15:41 | 1445044 SheepDog-One
SheepDog-One's picture

The king is dead.....long live the king!

Mon, 07/11/2011 - 15:59 | 1445045 augie
augie's picture

Hah, That's enough. Desperately defending all key technical levels right to the close. hahaha 

Mon, 07/11/2011 - 15:41 | 1445046 SilverIsKing
SilverIsKing's picture

I hope you are keeping careful notes of all of this.  The book and movie rights will be worth a lot of money.

Mon, 07/11/2011 - 15:42 | 1445047 Archimedes
Archimedes's picture

Kaboom!  Or...kaboom?

Mon, 07/11/2011 - 15:42 | 1445049 slaughterer
slaughterer's picture

Please update.  This was a tease. 

Mon, 07/11/2011 - 15:44 | 1445062 Lord Welligton
Lord Welligton's picture


Come on fess up. What actually happened.

Mon, 07/11/2011 - 15:42 | 1445050 cossack55
cossack55's picture

Mama Mia. Ooops, wrong freakin Piig again.

Mon, 07/11/2011 - 15:51 | 1445097 carbonmutant
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The other white meat...

Mon, 07/11/2011 - 15:43 | 1445054 freethinker4now
Mon, 07/11/2011 - 15:45 | 1445067 djsmps
djsmps's picture

Did they meet for 75 minutes?

Mon, 07/11/2011 - 15:59 | 1445148 Mae Kadoodie
Mae Kadoodie's picture

Did they eat their peas?

Mon, 07/11/2011 - 15:49 | 1445072 aVian
aVian's picture

barry aka barrack was not listed on the joint state of Hawaii tax return in 1974.  only "maya" was.  

page 169 


Mon, 07/11/2011 - 16:48 | 1445330 granolageek
granolageek's picture

I read the first 28 pages of that garbage. It did not reflect well on Barak Obama Jr.s father, but neither was there anything except rumors against him, and not aword about his son.


To the best of my knowledge, no one has questioned who Barak Obama's mother is, or that she is a US citizen. That is undeniably sufficient to get him a US passport and the right to vote, no matter where he happened to be born. Nor has anyone denied that he is elegible to be president if he was born in Hawaii.


So you are reduced to claiming both that he was born in Kenya, and despite being the son of a US ciitzen that makes him inelegible to be president. Extra points if you will stand up and claim that John McCain, who was born in Panama, and Mitt Romney's father George who also ran for president despite being born in Mexico were not also inelegible.


Camel, meet eye of needle.

Mon, 07/11/2011 - 17:09 | 1445421 knukles
knukles's picture

Can't be everything to everybody.
Jezzzz.  Lighten up.

Mon, 07/11/2011 - 17:32 | 1445501 NotApplicable
NotApplicable's picture

Hawaii is a kingdom. Just because DC stole it with a coup, does not make it a US state.

Mon, 07/11/2011 - 17:42 | 1445535 Rodent Freikorps
Rodent Freikorps's picture

Yes, it does.

Mon, 07/11/2011 - 17:33 | 1445508 JimBowie1958
JimBowie1958's picture

Actually, no, his mother was not old enough and by law that would disqualify Barry if he was not born physically in the US since his father was not a US citizen.

I believe that Barry was born in the US, but it is annoying how something so basic as meeting constitutional qualifications for an office has become a highly partisan issue.


Mon, 07/11/2011 - 15:47 | 1445074 Stoploss
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Ready the splatter shields.

Mon, 07/11/2011 - 15:48 | 1445077 Archimedes
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Basically the banks don't want to take a haircut...go figure!

Mon, 07/11/2011 - 15:48 | 1445078 Gordon Freeman
Gordon Freeman's picture

The negotiations:

"You first"

"No, you first!"

(repeat, fade...)

Mon, 07/11/2011 - 17:11 | 1445428 mayhem_korner
mayhem_korner's picture

Goto 1:23...



BTW, what are the Vegas lines on what deal is struck first - Greek bailout, US Debt ceiling or NFL Labor?

Mon, 07/11/2011 - 15:49 | 1445083 Black Forest
Black Forest's picture

Well, I am going to bed now, too.

Mon, 07/11/2011 - 16:38 | 1445086 carbonmutant
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China’s Debt 160% Of Its GDP Just Like Greece

Credit Suisse as warning that “Chinese credit growth has reached the critical level that has previously anticipated sudden downturns in other countries.”


Mon, 07/11/2011 - 20:27 | 1446047 IQ 145
IQ 145's picture

 That's alright, it'll just encourage the little darlings to buy more gold and silver. Fine with me.

Tue, 07/12/2011 - 01:52 | 1446853 Urban Redneck
Urban Redneck's picture

Did CS actually say China has a 160% debt to GDP ratio or is Lenzer's headline writer off his rocker?

Mon, 07/11/2011 - 15:50 | 1445088 mt paul
mt paul's picture

when your bald ...

does a haircut 

really mater

Mon, 07/11/2011 - 15:50 | 1445090 mopickens
mopickens's picture

fire in the hole

Mon, 07/11/2011 - 16:25 | 1445259 Hook Line and S...
Hook Line and Sphincter's picture

referring to the new super resistant gonococcus?

Mon, 07/11/2011 - 15:50 | 1445091 CrashisOptimistic
CrashisOptimistic's picture

Of course the banks don't.  And they haven't even started playing hardball yet.  Nor have the Brussels bureaucrats whose pension benefits are at risk.

In the end, the ECB will GIVE (not lend, GIVE) Greece money.  They are that terrified of contagion.

Mon, 07/11/2011 - 16:09 | 1445198 oogs66
oogs66's picture

It won't help. Contagion is here. Defaults are next

Mon, 07/11/2011 - 16:31 | 1445279 j0nx
j0nx's picture

In the end, the US Taxpayer will GIVE (not lend, GIVE) Greece money.  They are that terrified of contagion.


Mon, 07/11/2011 - 16:31 | 1445282 bsdetector
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They will give it to Ireland too, if the Irish hold out.

Mon, 07/11/2011 - 16:39 | 1445301 Lord Welligton
Mon, 07/11/2011 - 18:02 | 1445585 lesterbegood
lesterbegood's picture

 "They are that terrified of contagion."

The Fiat Flu, perhaps...swallow lotz of gold and you'll feel better.

Mon, 07/11/2011 - 15:50 | 1445095 the not so migh...
the not so mighty maximiza's picture

Was not this fixed last week,   what the hell is going on?

Mon, 07/11/2011 - 17:24 | 1445477 Thorlyx
Thorlyx's picture

Yeah, the more they fix it, the worse it gets.....

Mon, 07/11/2011 - 17:34 | 1445516 JimBowie1958
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Mon, 07/11/2011 - 15:51 | 1445100 Jim in MN
Jim in MN's picture

Well, you know, mumble mumble, sumpin sumpin. 

We never thought it was a good idea.

Mon, 07/11/2011 - 15:56 | 1445127 Lord Welligton
Lord Welligton's picture

"The voluntary is basically dead," said one euro-zone official.

Stupid French idea. But then they are French.

Mon, 07/11/2011 - 16:04 | 1445174 Pool Shark
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As you would know well Wellington; the smartest Frenchie was Corsican...


Mon, 07/11/2011 - 16:41 | 1445309 Lord Welligton
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Gave him a "ass-whoopin" all the same.

Mon, 07/11/2011 - 15:56 | 1445129 brodix
brodix's picture

Exit window; 9/11/2001

Meet sidewalk; 7/11/2011.

 Bookends on a rather interesting decade.

 Wonder what's in store.

Mon, 07/11/2011 - 16:57 | 1445374 Piranhanoia
Piranhanoia's picture

give it two months.

Mon, 07/11/2011 - 15:57 | 1445137 taraxias
taraxias's picture

and the S&P yawns......

Mon, 07/11/2011 - 16:00 | 1445153 SheepDog-One
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Into the gaping maw?

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