Goldman On Ireland And Paddy Paper: "Expect High Volatility"

Tyler Durden's picture

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Bill D. Cat's picture

The biggest problem with circle jerks is who gets stuck in the middle .

disabledvet's picture

you remind me of a friend of mine.  i hope that's true.

insidious's picture

Tyler - off topic but thank goodness the radiation spike at Fukushima Reactor # 2 was "a mere 100,000 times normal levels for reactor coolant, not the 10 million times normal" originally reported.

buzzsaw99's picture

The answer is simple, Leprechaun bucks. They could put this picture on the back:

Mark Noonan's picture

Really, guys, the cousins back in the auld sod are just sticking it to the Brits for 300 years of oppression...

Lord Welligton's picture


They are simply bargaining the end of the EU.

Get what you can while you can.

bugs_'s picture

Could Goldman be right this time?

Stu's picture

operation a pre-emptive strike, a warning against anything (Gulfo, Dinar) other than a petro-dollar considered as fiat ?

bankers sure didnt like Saddam Hussein

the Saddam treatment for selling oil in Euros ?

pics of gold dinar :

[link to]

Is Libya being bombed by bloody U.S. Zio thugs because Gaddafi wants to introduce gold dinar?

Publication time: 22 March 2011, 16:14

The present World Economic Crisis has forced a number of governments to consider introduction of an interstate gold currency, writes a minor Russian oligarch Sterligov on his blog.

Since gold yuan coinage was announced by China, talks about the gold standard had been brought up in the Middle East. The main initiator of non-payment in dollars and euros is the Leader and Guide of the Revolution in Libya, Colonel Muammar Gaddafi. He called on Arab and African world to adopt a single current - the gold dinar.

On this financial basis, Colonel Gaddafi offered to create a single African state with Arab and Black African population numbering 200 million people.

The idea of creating a single gold currency and uniting the countries of Africa into one powerful federal system has been actively supported during the last year by a number of Arabic and almost all African states. Democracy-infested South Africa and the Arab League opposed to the idea.

The US and the EU reacted very negatively to such a initiative. According to a French Zio "president" Sarkozy, "the Libyans have set on the financial security of mankind." Repeated calls by the Leader of the Libyan Revolution yields some results: Gaddafi has made more and more steps aimed at creating a United Africa.

Two false arguments have been invented to cover up the true reason for the present Zio-Christian Crusade against Libya: officially - "to defend human rights" and unofficially - an attempt to steal oil from the Libyan people. Both of these arguments do not hold up to scrutiny.

The truth is that Colonel Muammar Gaddafi decided to repeat the attempts by French General de Gaulle to abandon the use of U.S. junk paper money called "dollars" and return to gold, i.e. he attempts to attack the chief power of modern parasitic Zio Democracy - the banking system.

[link to]

Lord Welligton's picture

Goldman On Ireland And Paddy Paper: "Expect High Volatility"

That would be the the Goldman that is run in the EU by the Traitor and Irishman Peter Sutherland?

That Goldman?

Careless Whisper's picture

it's the same goldman that seems to always have someone in federal court on the witness stand or defense table or whatever.

The Goldman chief said he had an "inkling" Gupta was gabbing about private boardroom matters,...

The testimony is interesting in many regards. "Inkling." It's an old-fashioned and particularly vague word -- the type lawyers like to feed clients,...

It's good Goldman's HQ is close to Federal court
disabledvet's picture

"fun" indeed.  you know there's trouble when "America is an oasis."

tom a taxpayer's picture


"Irish bonds [ZH: aka Paddy Paper]"

British bonds [aka Limey Loans]

Italian bonds [aka Wop Wampum]

German bonds [aka Kraut Crap]


Seasmoke's picture

i still think the Irish of the 21st Century are going to back down

DoChenRollingBearing's picture

Could Ireland be the start of the (forecast by some) global Jubilee?  Enquiring minds want to know.  We will soon see.

Yes, I know Iceland started the default chain, but it stayed pretty isolated.

Ireland telling bondholders to take the haircut or stick it would possibly destroy the Euro quickly.

squexx's picture

Maybe they'll just monetize the end of the rainbow?!?

Yen Cross's picture

Time to run a XLF baltic overlay?

gwar5's picture

The PIIGS need to play hardball and not take any shit from the EU or The Goldman Sack. GS cooked the books for Greece and Ireland. They probably took a short position,as always.

Yen Cross's picture

Requime. LETS get it done!

Urban Redneck's picture

Libya is a red herring as far as the “oil for gold” implementation.  The real threat is the GCC, which has yet to finalize the formulation of the common currency (complete fiat, or with fractional backing of gold and/or oil).  The credit crisis sort of screwed with the implementation timeline and pushed UAE out of immediate participation in the common currency.  Since the backing of the currency is a big public TBD, it can be used as leverage over oil importing governments in a less public fashion than switching off the spigot (the existential crisis in Saudi Arabia is the House of Saud’s control of the oil flow, not the physical existence of the a State on a given piece of real estate).  It is interesting to watch the pained contortions of the US administration in its efforts to avoid insulting or embarrassing the House of Saud over its intervention in Bahrain.  I guess Barry knows what it is like to be bent over a barrel.

Yen Cross's picture

I'm tired. Time to move on. South China Sea. You posters are fantastic. women please keep posting. I am a man that loves a womans touch.

Reptil's picture

Dutch savers force bonus culture of bailed out bank to be abandoned:

A sign of things to come?