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Europe Closes Week With A Friday Night M.A.D. Cluster Bomb, Warns Of Pervasive Bank Restructuring

Tyler Durden's picture


Even as America has an insolvent government and a debt ceiling to deal with in the only way it knows - Mutual Assured Destruction, Europe still has a insolvent banking system 10 times greater than America's to worry about.  Which explains the following Friday night bomb (because it is past 6pm in Europe). From DJ:


Translation of bolded: if you hear gronin', MAD's a-bonin' (taxpayers)

The headlines come from the following 72 page report which has so far not been caught by anyone in the press.


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Fri, 04/29/2011 - 12:27 | 1220826 eisley79
eisley79's picture


Reuters(Mom's Basement, USA) - ZH poster Dangertime has been confirmed as the VectorVest( investor of the year for 2011.
Getty Images -


Response from Dangertime:

"My virtual account is so strong, because I BUY THE GREEN LIGHT BITCHEZ, and SELL THE RED LIGHT.  Some fools can't follow and buy red, but I know best.  Just look how I called the action in Silver:


on Fri, 04/29/2011 - 08:20
Silver will break $50 next week and march possibly even to $60.
on Mon, 04/25/2011 - 10:35
We will see $50 again but not likely for another year. 




Fri, 04/29/2011 - 12:30 | 1220874 Ahmeexnal
Ahmeexnal's picture

Time to short the euro again.

When Germany failed to make payment to France, the frenchies invaded the Ruhr.

Will Sarkozy invade Greece and Ireland now?

Fri, 04/29/2011 - 12:55 | 1220991 falak pema
falak pema's picture

...When Germany failed to make payment to France, the frenchies invaded the Ruhr...

Now that is rewriting history....If the French had invaded the Ruhr...If the French had gone to help the Spanish Republicans during their civil war...they would not have been the French generation and their sons who had been bled dry by the first world war...and also they were financially bankrupt...

You have a fertile mind to imagine the French eating in Frankfurt in 1936...whereas it was the Germans who were eating in Paris in 1940, in reality!

Fri, 04/29/2011 - 13:11 | 1221063 Use of Weapons
Use of Weapons's picture

Um.. my second post, but...

The Occupation of the Ruhr between 1923 and 1925, by troops from France and Belgium, was a response to the failure of the German Weimar Republic under Chancellor Cuno to pay reparations in the aftermath of World War I.

So yes, technically the comment was correct. Remember, Germany was banned from having an army at this point. The Ruhr being the industrial / coal base of Germany at the time.

Fri, 04/29/2011 - 13:41 | 1221199 falak pema
falak pema's picture

my apologies ....I was focussed on Germany's remilitarization of Ruhr in 1936 which created a furious debate in it transgressed the Versailles treaty. France had evacuated the Ruhr in 1930. But the thread referred to the previous incursion of France into Germany as response to default as allowed by  the Versailles treaty. My fault.

Fri, 04/29/2011 - 13:12 | 1221066 Attitude_Check
Attitude_Check's picture


You history is a little weak.  The French invasion of the Ruhr (temporary) was one of the factors in the downfall of the Wiemar republic (They began to print money to pay the war reparations), and the rise of Hitler.

Fri, 04/29/2011 - 13:09 | 1221064 disabledvet
disabledvet's picture

It's called "Libya."  And "they have been invaded"...and, interestingly "doing some invading themselves."

Fri, 04/29/2011 - 15:11 | 1221705 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

But in Europe they use the Euro which keeps going up no matter what, so why would you short the Euro?

You might as well short Silver as well, Don Quijote!

Fri, 04/29/2011 - 20:35 | 1222779 bothsidesnow
bothsidesnow's picture

Short the euro, heresy I say, that would be good for the dollar, and oops bad for PM's.

Smart money milked the last out of gold today, silver has already turned.

Yes please short the euro, it's the same as shorting PM's.

Fri, 04/29/2011 - 13:14 | 1221073 lieutenantjohnchard
lieutenantjohnchard's picture


Fri, 04/29/2011 - 13:17 | 1221090 TINN
TINN's picture

Saturnized Fool!

Fri, 04/29/2011 - 12:22 | 1220829 lolmao500
lolmao500's picture

Another bailout is a coming.

Fri, 04/29/2011 - 12:44 | 1220951 LaLiLuLeLo
LaLiLuLeLo's picture

I was in Germany two years ago and they were wholly pissed of being pissed on. Can't imagine what they're thinking right now

Fri, 04/29/2011 - 12:53 | 1220983 lolmao500
lolmao500's picture

If Merkel wasn't a sellout, she would have withdrawn Germany from the Euro go back to the Deustchmark and tell Europe to f*** off.

Then of course the bankers would have been pissed and WW3 would have started.

Fri, 04/29/2011 - 13:16 | 1221096 j0nx
j0nx's picture

They, Like Americans, are pussies that will do nothing in the end except for bah bah at their leaders and their banks as they bleed the population dry.

Fri, 04/29/2011 - 13:24 | 1221136 Stimme der DDR
Stimme der DDR's picture

Yep. Deep vaults here in Germany, though.

Fri, 04/29/2011 - 14:00 | 1221350 downwiththebanks
downwiththebanks's picture

Yep - time to raid another government treasury in order to call for liquidation of everything, including air, water, earth, and fire.

What a bunch of horseshit.

Fri, 04/29/2011 - 12:22 | 1220830 traderjoe
traderjoe's picture

Noooo ... don't harsh my buzz from the Wedding of the Century?! I'm still on Cloud 9 and giddy from the pageantry.  

Fri, 04/29/2011 - 12:20 | 1220832 John Law Lives
John Law Lives's picture

That should be good for +100 on the Dow Jones on Pump Monday.

Corporate profits + rampant deficit spending + quantitative easing => nothing else matters

100% FUBAR

Fri, 04/29/2011 - 12:23 | 1220834 Byte Me
Byte Me's picture

May explain why cable is on the up  -- royal cross heading lower and euro weak vs dollar.

Fundies would not support this sterling "strength".

Ah well -- it's an ill, wind etc....

Fri, 04/29/2011 - 12:28 | 1220835 Dick Darlington
Dick Darlington's picture

Aah, the rotten smell of the european ponzi scheme is getting stronger by day. And it was just 2 days ago when the high priest of the european cleptocracy Mr Rehn was "not interfering" in national politics and told the people of Finland that all these bailouts have nothing to do with saving european banks and that Finland HAS to do the "responsible" thing and play ball with the Masters of the Universe (EU, IMF).

Fri, 04/29/2011 - 12:26 | 1220840 hedgeless_horseman
hedgeless_horseman's picture
  • Fri, 04/29/2011 - 12:24 | 1220852 redpill
    redpill's picture

    lol thanks for that

    Fri, 04/29/2011 - 12:28 | 1220873 LawsofPhysics
    LawsofPhysics's picture

    I sensed a disturbance in the force as well.  Nice work HH

    Fri, 04/29/2011 - 12:41 | 1220926 ZackAttack
    ZackAttack's picture

    Strange... I have not felt it.

    Fri, 04/29/2011 - 12:43 | 1220950 PY-129-20
    PY-129-20's picture

    Okay, that's it. I just restarted our old Panther tank in the backyard and I will invade Greece now...dammit 

    Fri, 04/29/2011 - 12:49 | 1220979 PY-129-20
    PY-129-20's picture

    First stop: Frankfurt - ECB. Second stop: Deutsche Bank building. After that gas prices won't make it possible to travel any further. Panther vs. Deutsche Bank. Huzzah!

    Fri, 04/29/2011 - 13:16 | 1221078 disabledvet
    disabledvet's picture

    So..."you have seen Kelly's Heros too!"

    Fri, 04/29/2011 - 14:20 | 1221429 hardcleareye
    hardcleareye's picture

    thanks for the laugh!!

    Fri, 04/29/2011 - 15:48 | 1221899 agent default
    agent default's picture

    You may think its funny now but tanks will be involved by the end of this clusterfuck

    Fri, 04/29/2011 - 13:25 | 1221142 Stimme der DDR
    Stimme der DDR's picture

    Würdest Du mich bitte mitnehmen?

    Fri, 04/29/2011 - 14:05 | 1221362 PY-129-20
    PY-129-20's picture

    Aber immer doch. :) Wir machen keine Gefangenen ;) We take no prisoners!

    Fri, 04/29/2011 - 19:20 | 1222569 vocational tainee
    vocational tainee's picture

    Die Brücken im Balkan sind zerstört.

    Fri, 04/29/2011 - 14:13 | 1221381 disabledvet
    disabledvet's picture


    Fri, 04/29/2011 - 14:20 | 1221428 Stimme der DDR
    Stimme der DDR's picture

    Yes. But downloading Kellys Heroes now. Thx.

    Fri, 04/29/2011 - 14:46 | 1221577 goldenrod
    goldenrod's picture

    It is Panzer, not panther. Panther is an animal that lives in the wild.

    Fri, 04/29/2011 - 12:40 | 1220924 ZackAttack
    ZackAttack's picture

    I declare this comment today's Winner of the Internet.

    Fri, 04/29/2011 - 12:50 | 1220972 Agent P
    Agent P's picture

    "I've got a bad feeling about this."

    Fri, 04/29/2011 - 12:23 | 1220841 Re-Discovery
    Re-Discovery's picture

    I'll bet it's "badly recieved."  But whether the banksters are screaming into the cell phones or curling up in the fetal position sucking their thumbs on the Bernank's/Trichet's office floor,  WE AREN"T BAILING THEM OUT AGAIN!!!!!

    (Ahhh, who am I f***n' kidding.  Of course we are.  Buy more PMs.)

    Fri, 04/29/2011 - 12:24 | 1220846 Jasper M
    Jasper M's picture

    And people wonder why I am long $US and (short-term) Treasuries. The flight to safety Will come, just a question of when.

    Fri, 04/29/2011 - 12:28 | 1220859 Re-Discovery
    Re-Discovery's picture

    Yes.  I do wonder.  You might want to check the Webster's definition of 'safety'.

    Fri, 04/29/2011 - 22:54 | 1223070 FeralSerf
    FeralSerf's picture

    Safe relative to what?

    Fri, 04/29/2011 - 12:36 | 1220903 LaLiLuLeLo
    LaLiLuLeLo's picture

    When bulldoser Ben raises interest rates

    Fri, 04/29/2011 - 12:36 | 1220905 Mr Lennon Hendrix
    Mr Lennon Hendrix's picture

    You think in terms of logical fallacies.

    Fri, 04/29/2011 - 12:36 | 1220919 Cindy_Dies_In_T...
    Cindy_Dies_In_The_End's picture

    Well, if they go down we follow close behind, most of our bail out money went to bail out foreign countries. You MIGHT get a short ride up, but then you will get whack-a-moled, IMO

    Fri, 04/29/2011 - 12:40 | 1220923 grunk
    grunk's picture

    Investment strategies of Karl Wallenda.

    Fri, 04/29/2011 - 12:42 | 1220928 lolmao500
    lolmao500's picture

    And what happens when investors find their common sense and instead of buying US dollars buy gold/silver? THEN YOU'RE SCREWED!

    Fri, 04/29/2011 - 22:50 | 1223068 FeralSerf
    FeralSerf's picture

    Soon the only gold/silver to be found will be the paper variety, but there should be plenty of that available.  It won't make much difference then whether they're dollars, euros, or paper ounces.  Toilet paper by any other name is still ......

    Fri, 04/29/2011 - 13:14 | 1221081 Attitude_Check
    Attitude_Check's picture

    Flight to safety has shifted from the $ (not very safe from Benny's Helicopters - I wonder if they are black?) to Gold.  You NEEEEEEED to pay attention to shifting sentiment.

    Fri, 04/29/2011 - 13:28 | 1221091 Attitude_Check
    Attitude_Check's picture


    Fri, 04/29/2011 - 13:28 | 1221141 Attitude_Check
    Attitude_Check's picture


    Fri, 04/29/2011 - 14:39 | 1221541 Smiddywesson
    Smiddywesson's picture

    "And people wonder why I am long $US and (short-term) Treasuries. The flight to safety Will come, just a question of when."


    LOL, why of course, when you are bankrupt.

    But be of good cheer, Bob Prechter will rise up out of the pumpkin patch and bring presents to all the most sincere holders of dollars.  LOL

    Fri, 04/29/2011 - 12:24 | 1220849 LeftCoastRefugee
    LeftCoastRefugee's picture

    Market will rally hard on this good news. We should break 1400 by the close.

    Fri, 04/29/2011 - 12:28 | 1220872 glenlloyd
    glenlloyd's picture

    ah a friday after hours clearing of dirty laundry

    Fri, 04/29/2011 - 12:29 | 1220878 It is a bargin ...
    It is a bargin my friend's picture

    I'm off to the pub to toast the happy royal couple (any excuse this site has turned me into a borderline alcoholic with a Gaviscon dependancy), if by the time I return Gold had not breached 1500 and Silver 50, the wife gets it.....and its on you.

    Fri, 04/29/2011 - 12:35 | 1220894 falak pema
    falak pema's picture

    As long as it isn't Piers Gaveston dependancy...

    Fri, 04/29/2011 - 12:32 | 1220881 dbTX
    dbTX's picture

    The presses will be running this weekend

    Fri, 04/29/2011 - 12:30 | 1220883 falak pema
    falak pema's picture

    Herr Merkel is in a pull or not to pull the plug on sovereign debt...She loses either EU is germany's prime market. What she wins on the trade side she loses on the financial speculative side via these 'scheizer' banks who have sold the country down the river by copying their american counter parts in similar amounts. Mama mia...

    Fri, 04/29/2011 - 13:27 | 1221138 disabledvet
    disabledvet's picture

    hammer the speculators keep the trade flows.  seems pretty 101 to me.

    Fri, 04/29/2011 - 12:32 | 1220893 Re-Discovery
    Re-Discovery's picture

    Wouldn't that be something if China offered up . . . I don't know . . . let's say $1 trillion of UST . . . to recapitalize the banksters of the Eurozone and then sat back and watched the feeding frenzy that ensues as the former "capitalist" pigs eat eachother.  All the while they suck out the VIG in the form of every resource Europe has that isn't nailed down.

    Call it the Communist (reverse) Marshall plan.

    Fri, 04/29/2011 - 12:38 | 1220911 LawsofPhysics
    LawsofPhysics's picture

    That would be brilliant.  Pass the popcorn.

    Fri, 04/29/2011 - 12:44 | 1220934 falak pema
    falak pema's picture

    I've already fantasized in similar fashion suggesting they shove 1T each into buying EU assets and US PDs. That way they would be defacto lords of the world...they could proclaim a new Bretton Woods cum Yalta as they would be financial uber-alles of the world!

    The IMF would work for them and we would have a new currency basket and a more regulated world financial system without naked derivative plays and with no toxic financial instruments. No tax havens and the world would become a FDR type safe haven WITHOUT a communist menace. As China is now a typical Keynesian central capitalist economy with a ONE party poilitical body. They seems less corrupt than the US situation. But this has to be seen as their economy stays does their political mechanism.

    Fri, 04/29/2011 - 12:48 | 1220973 Re-Discovery
    Re-Discovery's picture

    Their 'political mechanism' is exercised from "the end of a gun."   The business end.  But, hell, it's a lot more honest than the crap we're seeing every day here.  Maoism revisited.  Yeah, this is going to be fun.

    Fri, 04/29/2011 - 13:28 | 1221148 disabledvet
    disabledvet's picture

    "telling your people to buy gold" would seem a bad approach though.  "you should buy the gold yourself" yes, yes?

    Fri, 04/29/2011 - 12:36 | 1220898 steve from virginia
    steve from virginia's picture


    Hmmm ... a lot of finance jargon ... not saying anything ...

    okay, the libor/OIS spread trend is worrisome. The EU is probably hiding a liquidity problem under a carpet.

    Here's another secured vs repo rates @ different maturities. Money markets are going to show strains when larger institutional insolvencies start working their way through the pipeline. Hmmm ... banks are profiting by playing the yield curve. Nothing much comforting about capital adequacy ... the banks passed a 'stress test'.


    Private creditor liability is where rubber meets road, where balance sheets themselves are destroyed and where liquidity vanishes.

    inching right to the end of the gangplank ...



    Fri, 04/29/2011 - 12:36 | 1220900 lolmao500
    lolmao500's picture

    This is bullish for the US dollar.

    Fri, 04/29/2011 - 12:39 | 1220917 Re-Discovery
    Re-Discovery's picture

    Best surfer in a tsunami.

    Fri, 04/29/2011 - 13:31 | 1221159 disabledvet
    disabledvet's picture

    you seem to be saying "liquidity matters in a currency market."  yet this seems "counter-intuituve."  "Governments print money" so "how can there be a liquidity shortage in a currency market?"

    Fri, 04/29/2011 - 14:18 | 1221403 Re-Discovery
    Re-Discovery's picture

    I am saying that all fiats are crashing when priced in real assets.  Go ahead and jump in the Dollar trade, just don't be surprised when your returns measured in other currencies are swamped by those who are long real assets.   You may win the contest, but all surfers end up dead on the beach.

    Fri, 04/29/2011 - 12:34 | 1220908 entendance
    Fri, 04/29/2011 - 12:40 | 1220930 TruthInSunshine
    TruthInSunshine's picture

    Goldman has tentacles everywhere and all the time. It's the Giant Vampire Squid, and New Syndicate (sanctioned by and working with Central Bankers), for good reason.

    Fri, 04/29/2011 - 13:33 | 1221167 disabledvet
    disabledvet's picture

    they always forget the "after squid" part when "the little alien thing then blowing out of your gut then scurrying to some deep, dark place of the spaceship so he can start eating...and growing."

    Fri, 04/29/2011 - 12:36 | 1220914 slewie the pi-rat
    slewie the pi-rat's picture

    the checks for the royal wedding bounced

    Fri, 04/29/2011 - 12:45 | 1220925 TruthInSunshine
    TruthInSunshine's picture

    I predicted this yesterday.

    Jut saying...or is it sayin'

    Also, deep OTM option buyers may be happy next week. The ones that bleed slowly and most of the time but absolutely kill it once in a while.


    Whatever happens and is ultimately revealed for public consumption has already been set in play, and the bankers & financial parasites will NOT be denied their flesh. Even the politicians who are about to fall on their swords, unsaluted, know what's up, as they've been instructed from higher on up.

    Fri, 04/29/2011 - 12:42 | 1220929 monkeyfaction
    monkeyfaction's picture

    No market reaction to this so far. I would have expected a bit more of a sell off in the Euro.

    I guess nobody is brave or stupid enough to get in the way of the short dollar trade.

    Fri, 04/29/2011 - 13:04 | 1221025 Re-Discovery
    Re-Discovery's picture

    Algos don't score well on reading comprehension.  And human traders are already 5 Martinis into the weekend.  (And I will join them if nothing breaks out of this trading range soon.)

    Fri, 04/29/2011 - 12:42 | 1220931 tahoebumsmith
    tahoebumsmith's picture

    Maybe the EU should hire a real problem solver...They need someone with connections that can get the job done using nothing more then a tiny little note from the Craker Jack box.....

    Fri, 04/29/2011 - 12:40 | 1220932 Racer
    Racer's picture

    And just look at those lies coming out of the ChairSatan't mouth... makes me want to throw something.....

    Fri, 04/29/2011 - 12:43 | 1220933 ivars
    ivars's picture

    See how nicely USA stimulating effects on DJIA pattern follows those of Greek government on Athens index in 2009. The USA seems to be very close to Greece in some financial behaviour aspects. Hence the future may also be the same:

    Fri, 04/29/2011 - 12:43 | 1220935 legal eagle
    legal eagle's picture

    Yes, I would expect the USD to rally some on this news, and the end of QE2, and for there to be a PM correction into June/July, then off to the races and $1700 for gold, $60 for silver, end of 2011.  It will nicely finance my Christmas in Argentina.

    Fri, 04/29/2011 - 17:37 | 1222240 Milestones
    Milestones's picture

    In BsAs? Which part? I ask because my son has an apt. in the city (Palmero a few blocks off Santa Fe near Ortiz) which he is renting out. He also posts on ZH. Who knows?  Milestones

    Fri, 04/29/2011 - 12:42 | 1220943 vote_libertaria...
    vote_libertarian_party's picture

    It's a good thing our economy has a real thick firewall where all impacts are completely unrelated.



    Fri, 04/29/2011 - 12:49 | 1220967 slaughterer
    slaughterer's picture

    Minimal effect on DXY so far: the guy who should input this into the EUR/USD FX algo robot is off at the pub having another pint talking about the royal wedding.

    Fri, 04/29/2011 - 13:55 | 1221323 stormsailor
    stormsailor's picture

    could be the reason the /dx was leached so low this week.  europe has another mad moment and the euro gets sold. the /dx goes back to the 78 range. and the dollar can be sold back down to raise stocks here next week.


    rinse, repeat

    Fri, 04/29/2011 - 12:56 | 1221000 jbc77
    jbc77's picture

    Should I be surprised that a headline of this magnitude has done nothing to make the market decline....even an inch.

    I often wonder how long the fed can keep levitating the market. Would appear as though they can keep this up indefinitely.


    Fri, 04/29/2011 - 12:58 | 1221010 Re-Discovery
    Re-Discovery's picture

    What 'market'?

    Fri, 04/29/2011 - 14:18 | 1221408 disabledvet
    disabledvet's picture

    the "bond market."  the one with the "mo-mo monkeys" running wild.

    Fri, 04/29/2011 - 13:00 | 1221017 Racer
    Racer's picture

    All they have to do is switch HFTs to BAD (buy all day) and pull out the connection with any reality and news

    Fri, 04/29/2011 - 12:57 | 1221019 dogismyth
    dogismyth's picture

    its a goddamn circus!!  Market....LMFAO!!!!!!!!

    Fri, 04/29/2011 - 14:10 | 1221383 downwiththebanks
    downwiththebanks's picture

    It came out today for a reason. 

    Bob Dylan said it, 'Propaganda, all is phony."

    Fri, 04/29/2011 - 13:02 | 1221029 blunderdog
    blunderdog's picture

    "It's just a restructuring, it's not bankruptcy."  -- Lenny Dykstra

    Fri, 04/29/2011 - 13:06 | 1221035 Alea Iacta Est
    Alea Iacta Est's picture

    Dollar still struggling to tread water above 73 on the index.....I would have expected it to hold 73.1 or greater on this news...

    Fri, 04/29/2011 - 13:06 | 1221045 legal eagle
    legal eagle's picture

    Sad statment but true, more "free"dom in China than in US.  The market is more free, people are free to move about in the middle of the night without molestation from gangs with guns, and the government intrusion they tolerate is akin to that we face under the Patriot Act, feel-ups at the airport, search and seizure, on and on.  We are neither the land of the brave nor the free, not anymore.

    Fri, 04/29/2011 - 13:18 | 1221092 Re-Discovery
    Re-Discovery's picture

    I will add that the individual Chinese tend to get 'disappeared' by their government every once in a while, but with 1.3 Billion of them, who really notices.  (Come to think of it, how would I know if some of us Americans ain't gettin' 'disappeared' every once in a while . . . that's right, it's because that would be illegal.  Whew, scared myself for a second.)

    Fri, 04/29/2011 - 13:16 | 1221082 r101958
    r101958's picture

    It is interesting how the fiscal/budget problems in our own states are no longer talked about. Instead we point the finger at the Eurozone states. Some of which have smaller budgets than some of our states. Looks like something that might be MSM driven.

    Fri, 04/29/2011 - 13:46 | 1221253 Attitude_Check
    Attitude_Check's picture

    Pay NOOOOO Attention to the man behind the curtain!

    Fri, 04/29/2011 - 14:22 | 1221409 downwiththebanks
    downwiththebanks's picture

    If the states need money so bad, tax turnover on the crooked derivatives trade.  Go after the thieves, first.  Then the budget discussion is entirely different.  THEN try to eliminate public works and attack public health if it floats your boat.

    But don't close veterans hospitals and public education first.  In addition to being insane and genocidal, it's socially destructive.  

    Not only that, it exposes you as a flak for those you serve.

    Want to deal with the debt crisis:  end the banker-gangster war in Libya (and Iraq ... and in Afghanistan ... and in Pakistan ... and in Palestine ... ); punish the banker-gangsters for their war on working people at home.

    And ban foreclosures.

    The end.

    Fri, 04/29/2011 - 13:39 | 1221179 Shell Game
    Shell Game's picture

    lawdy have mercy, look at gold go.  The canary in this mine is turning green and is strangely silent...

    Fri, 04/29/2011 - 13:39 | 1221180 Jovil
    Jovil's picture

    Clearly the banksters reignt at the top of the Pyramid of Capitalist System. Very interesting.

    Fri, 04/29/2011 - 13:46 | 1221237 Shell Game
    Shell Game's picture

    Every pyramid requires a strong base.  All those who believe in easy money (debt) are complicit in the bankster's game:

    Fri, 04/29/2011 - 14:31 | 1221497 downwiththebanks
    downwiththebanks's picture

    Yes indeed.  As are those who advocate liquidation of vital institutions to settle accounts with insolvent banker-gangsters producing only paper.

    The banker-gangsters get nothing.  Sorry.  I know it sucks, but you're just not that important.   

    Fri, 04/29/2011 - 17:13 | 1222146 Shell Game
    Shell Game's picture

    We are all expendable.  As any crop, harvested of it's value, burned and plowed under when yield ends..

    Fri, 04/29/2011 - 13:39 | 1221183 disabledvet
    disabledvet's picture

    "Never have coup on Monday."

    Fri, 04/29/2011 - 14:00 | 1221337 topcallingtroll
    topcallingtroll's picture

    if anybody is looking for me
    I will be outside digging a bunker
    maybe tyler is right

    Fri, 04/29/2011 - 17:56 | 1222296 Shell Game
    Shell Game's picture

    how is that bunker, buster?

    Fri, 04/29/2011 - 14:10 | 1221378 Paralympic Equity
    Paralympic Equity's picture

    Can somebody please translate the translation for me? I know what M.A.D. is, but my knowledge of "slang talk" is not so good.

    if you hear gronin', MAD's a-bonin' (taxpayers) ???



    Fri, 04/29/2011 - 14:21 | 1221423 disabledvet
    disabledvet's picture

    keep it simple:  "is Greece restructured after the close."  And "after they are restructured will they complain?"

    Fri, 04/29/2011 - 19:41 | 1222639 Buck Johnson
    Buck Johnson's picture

    Next week looks to be a very very nasty week.

    Fri, 04/29/2011 - 20:43 | 1222804 bothsidesnow
    bothsidesnow's picture

    Funny how that happens, Euro hit's almost 1.49 and then the news comes out. Dollar is a at a low, PM's and other currencies at cycle highs.

    Perfect timng on the news to isn't it. Makes you wonder is it the news or is it the technicals.

    Just so happens the news exposes how whacked the technicals are when everyone is on one side of the trade.

    Do you think the Europeans really wan't their currecny to be that strong and how was it that strong to begin with when unemployment is higher in US than it is here. It's all manipulated that's why you need to be willing to be on bothsides of the trade.

    Nothing goes straight up or straight down forever and that you can put your money on.



    Fri, 04/29/2011 - 22:42 | 1223055 AbbeBrel
    AbbeBrel's picture

    The Greek GuvMint says "No restructuring".  Hey I got a haircut today and it didn't hurt a bit!

    Sat, 04/30/2011 - 20:47 | 1224688 edotabin
    edotabin's picture

    Gpap has been saying no restructuring and no haircut for months. Meanwhile, tons of sources are saying "end the charade", including large banks and the Economist.  Gpap himself is bald. It will be more like a scalping than a haircut.

    Sun, 05/01/2011 - 09:22 | 1225279 SuperRay
    SuperRay's picture

    gollum 1:  master likeses us - he wouldn't do anything to hurt us

    gollum 2:  we hates the master - he takesess all the good fishess and throws us the bones.  we should throttle him and keep the whole fishess ourselves


    gollum 1:  but we don't know how to fish - only the master can do that

    gollum 2:  we can swim, my precious, we can dive - oh, yes we can. and after we wring the master's nassty little neck, we'll keep all the fishess for ourselves.  we'll move to iceland, where they have nice juicy fishess and the master isn't allowed there. yes we will, my precious (metals!)


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