The Fatal Flaw In Europe's Second "Bazooka" Bailout: 82 Million Soon To Be Very Angry Germans, Or How Euro Bailout #2 Could Cost Up To 56% Of German GDP

Tyler Durden's picture

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Cheesy Bastard's picture

History shows that angry Germans are no threat to anyone.

Robslob's picture

6+ million souls may disagree

Gold Man-Sacks's picture

It's called satire, you literary genius, you.

Ahmeexnal's picture

Maybe it's Germany's way to pay compensation to Greece for WWII.

Ahmeexnal's picture

The rotmof are easily appeased. Let them "win" another sucker world cup.

Cheesy Bastard's picture

Lol.  Kicking balls vs. Kicking ass.

TruthInSunshine's picture

Sarkozy & Bernlusconi & Merkel had a summit today, and they talked, and their words were delicious and soothing, filling the air with hope & cheer, and they said there will be no defaults of any Euro Member, the EUR will be supported, and they will magically make all the debt crises and vexing math problems go away immediately.

So, it's fixed.

They fixed it. They fixed all the problems.

Growth can resume now, and debt is no longer an issue, nor is the tension between those in stronger EU Member States and weaker ones, nor is the strength/weakness of the EUR given that trillions of fresh EUR will be printed and distributed if these dear leaders are to be taken at their word.

They're very competent.

I Am The Unknown Comic's picture

"turkey" is one of the Germanic languages.  Gobble, goggle, peas, gobble gobble. 

Problem solved

G-R-U-N-T's picture

""turkey" is one of the Germanic languages. Gobble,goggle,peas, gobble gobble."

If indeed the ECB turkeys leaves Germany holding the bag then talking "turkey" may very well end up a language of the past.

http://www.youtube.com/watch?v=E-3dg65PaMw&feature=related

 

 

TBT or not TBT's picture

They gotta get The Won in there too.

Michael's picture

The fatal flaw is, no one is ever again going to buy Credit Default Swaps because they know they will never pay off because of government and central banking cartel shit.

That also makes the holders of those CDO's very angry since their CDO holdings are now worthless. 

I hope they didn't get some billionaire CDO holders angry by doing this. They may put a hit squad out on the people who did this like they did to Scarface.

Michael's picture

I'm not taking the Blame for the Climate Changing or the Weather. The blame is all on them.

I'm only to blame and take responsibility for all the crap I pulled in my 50 years of life. Not the climate changing or the weather. Got IT!

Bang Dae Ho's picture

...no one is ever again going to buy Credit Default Swaps because they know they will never pay of...

Michael, I thought CDS are one more trading instrument, well- OTC trading, but still trading... Long CDS positions are profitable when the sovereign debt crisis soap heats up, and short CDS positions are profitable when it cools down, as recently. When TPTB are positioned long, they give governments and media the order: Drama, drama, please! Then, when they got enough, they take short CDS positions and order: Conference and agreement, please!

I thought nobody is ever seriously considering the 'Credit Default' event, such a hypotetical event is just a pretext to justify this kind of ponzi derivative.

Am I so wrong?

Michael's picture

A hypotetical event that will never materialize, over their dead bodies.

That kind of hypotetical event?

 

Bang Dae Ho's picture

over their dead bodies.

I also have bold dreams, but I am afraid they are not as bold as yours.

 

Michael's picture
US panel votes to bar climate funding

"A panel of the US Congress on Thursday moved to bar foreign assistance related to climate change, defying President Barack Obama's calls to contribute as part of an international accord."

"On a party line vote, the Republican-led House Foreign Affairs Committee voted to ban in next year's budget for Obama's initiative to support poor nations in adapting to climate change or pursuing clean energy.

But the measure's future is uncertain as other committees also have jurisdiction over climate funding including in the Senate, where Obama's Democratic Party is in control."

http://www.physorg.com/news/2011-07-panel-votes-bar-climate-funding.html

Michael's picture

This site got 791 comments on its most recent thread;

BirdAbroad

"To address the main issue that people have been getting all bent out of shape about: the stores I photographed do not appear to be authorized Apple sellers."

Are you listening, Steve Jobs?

http://birdabroad.wordpress.com/2011/07/20/are-you-listening-steve-jobs/#comments

boooyaaaah's picture

If Germany won WW2, Greece being the soft underbelly of Europe, We all would be in the same position today

Unless Germany reassigned the Greeks to Siberia

Which they still may do

Ahmeexnal's picture

Send greeks to siberia. Create palestinian state in greece. That would solve a lot of problems.

Kurdish homeland in germany with berlin as it's capital would also be a good start.

InconvenientCounterParty's picture

WWIV.

WW3 started in 1971 and is close to being won by the US. That is of course, if the fuck-nuts raise the debt ceiling and don't accidentally forfeit.

Cheesy Bastard's picture

Congressional approval not necessary as there were no boots on the ground.

centerline's picture

Along with going "full fiat," Nixon visited China somewhere around that time with what appeared at the time to be full 180 degree in stance towards the communist country.

Not trying to imply anything.  Just putting two "dots" on the board for the fun it.  If we are going to talk about WWIII already having been waged (on-going) via pen and digital 1's and 0's, I don't think the cold war mentality is off the table.

WestVillageIdiot's picture

You are right that it is World War IV but I think for the wrong reasons.  One of the insiders that I always enjoyed listening to was former CIA Director James Woolsey.  He is not a douche like that Leon Panetta that just got thrust into the position.  He has always stated that the Cold War was World War III.  I agree with him on that.  Just add up the American casualties and costs in treasure that went into that debacle. 

The sad part is if you believe the Cold War was World War III you still have to think the next one will be worse.  This is going to result from such huge economic imbalances that it boggles the mind what the casualty figures can be in this one.  The "emerging market" countries should be the ones fearing what is coming the most.  They are always the biggest losers in proxy wars and major conflicts.  This time will be no different. 

Ahmeexnal's picture

This time around, the "submerging markets" (US-JAPAN-EURO) will suffer great devastation.  Fukushima is only the warm up.

Oh regional Indian's picture

Indeed Ahmee. Though this time the entire northern hemi-sphere is at risk through Air and th eentire world through water, ne?

One has to look, not even deeply this time, to see the nuclear pattern showing it's hand.

And I don't buy this surface level, Germany is payign for Italy crap. Germany has had an iron grip on the Eurozone since long before it's inception.

Kabuki!

ORI

http://aadivaahan.wordpress.com/2011/07/16/66th-anniversary-of-trinity-and-thoughts

NOTaREALmerican's picture

Re:  He has always stated that the Cold War was World War III.

Wow,  we became a centrally-planned scam state like the USSR in order to beat the Godless commie, so now we have perpetually increasing Big-MIC, perpetual war, and (the new an improved) Big-PoliceState.    

 

Can't beat a "win" like that.  

Sophist Economicus's picture

Not Funky-Chunky-Monkey-Boy!    Europeans never kill anybody....

Sofa King's picture

Actually, it's more like 62 to 78 million souls...not just the 6 million that we have chosen to commemorate with the special title of Holocaust victims.

francis_sawyer's picture

Has anybody ever sat down & tallied the number of OSCARS statuettes that have been handed out over the years (in ANY category), to films which had the holocaust as either a central, or background theme?..

It sure gives 'We will never forget' an alternate meaning... Why? Easy... Because it's sure to be shoved down our throats by the doting media & Hollywood community at every opportunity...

Cheesy Bastard's picture

All kidding aside, I stand with the Jewish people and thier right to defend themselves.  I will never forget.  I am a Scottish/Irish/Italian mutt, in the interest of full disclosure.

john39's picture

ok, well enough... but what does that mean.  does that mean that the israeli government gets to lock the palestinian people in large open air prisons? Kill civilians whenever they deem it appropriate? institute an illegal blockaide?  lets get real, it was wrong in south africa and it is wrong in Palestine.

Cheesy Bastard's picture

I see by your response to Amish, you are a holocaust denier.  I will say this to you, and all the rest out there.  If I want any more lip from you, I'll touch your vagina.  Bitch.

WestVillageIdiot's picture

Call me Fred G. Sanford because I am the junk man.  I junked your ass for your overreaction.  I didn't see any denials in there.  Perhaps I need a new prescription.  Feel free to junk but freedom of expression sometimes leads to things you don't want to read.  In that instance your a--hole was wound way too tight. 

Cheesy Bastard's picture

You don't need a new perscription, you need better reading comprehension skills.  I clearly stated "in your response to Amish".  If you scroll down you will see said response.  I also addressed to to all holocaust deniers.  Junk away, my friend, to me it is a badge of honor.

WestVillageIdiot's picture

I deny my denial, cheddar illegitimate.  Proceed.

Cheesy Bastard's picture

No prob, 270degreesTownMoron.  God bless!

CompassionateFascist's picture

There's a JewBook somewhere which claims that the Scots are one of the Lost Tribes; they're surely obnoxious enough. If not, CheeseStink, you are a most excellent Shabbatz Goy.

SirPlayomic's picture

Have you ever been to Scotland? Anyway, let's not go down this tribialistic road where we all fight each other and forget who the real enemy is. In case you forgot, the real enemy is the Banks and their politicial puppets.

www.greedion.com

ArrestBobRubin's picture

And just who do you think owns those banks? Need to see a list of names?

WestVillageIdiot's picture

Okay, I just saw the post of the holocaust denial.  I will now junk myself.  Israel, like any nation, should be questioned for its behavior.  I'm not in to the holocaust denial.  It was a holocaust in the midst of a larger holocaust. 

dogbreath's picture

how do you get the taste of the condoms out of your mouth

TBT or not TBT's picture

That's the nonylphenol ethoxylates on there. Fortunately, while they are lipophilic, and thus active in your mouth, they are aslo hydrophilic too, and can be washed off easily under running water or with a very wet towel...if your sex tactics can be arranged to accomodate.

Milestones's picture

Well said     Milestones

francis_sawyer's picture

How politically correct of you...

As well... I stand behind the right of INNOCENT victims to defend themselves...

As it so happens... I 'feel' that I am an INNOCENT VICTIM of:

- a banking cartel which robs me blindly in broad daylight every day (& laughs at me as they do)

- a complicit media conglomerate (largely run by sympathizers)

- greedy & corrupt politicians who are paid to facilitate

---

I'll expect MY OSCAR come next March...

 

 

Cheesy Bastard's picture

Fluffers, while in the movie business, don't win oscars.

HungrySeagull's picture

Schuld sein Freiheit

Debt is Freedom... I think.