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As Greece Prepares To Auction Off The Acropolis, Austria Is Selling Its Mountains

Tyler Durden's picture


Have €121,000 lying around? Enjoy hiking in smallish central European countries with picturesque villages? Then this deal is for you. While its new European banker overlords are pushing Greece to sell off, pardon, "privatize" the bulk of its most monetizable assets, Austria has already seen the writing on the wall, and in a very proactive step, iss offering to see two mountain peaks in the Austrian Alps. From AP: "Two 2,000-metre (6,500-feet) mountain peaks in eastern Tyrol -- the "Grosse Kinigat" and the "Rosskopf" -- are up for sale for just 121,000 euros ($175,800) for the pair. On its website, Austria's federal real estate company, the Bundesimmobiliengesellschaft or BIG, proudly boasts that the two peaks offer the "most stunning views of the Carnic Alps and are popular destinations for mountain climbers and hikers"." As to why Austria is suddenly scrambling to sell mountains, nobody really knows: ""It's a mystery to me why they're wanting to sell the peaks right now," the mayor of the tiny village of Kartitsch, Josef Ausserlechner, told the Austrian news agency APA. "In Greece, they're selling off islands. In Austria, it's the mountains," he fumed." Lastly, the reason doesn't matter. What is certain is that some Goldman dodecatuple secret shell holding SPV will end up being the buyer. And where Greece and Austria have already ventured, so shall the rest of Europe boldly go very soon as the banking syndicate soon ends up owning literally everything.

From AFP:

Ausserlechner insisted the village of Kartitsch has right of first refusal, but could only afford to pay a symbolic price of "a couple of thousand of euros".

Interested buyers have until July 8 to place their bids and, according to the regional daily Kleine Zeitung, 20 people had already done so.

But whoever the new owners turned out to be, "they won't be allowed to fence them off. The public and hikers have right of way," mayor Ausserlechner insisted.

The only two questions that appear relevant to us: does Austria have an extradition treaty with the US, and how much gold warehousing space is available under said mountains...


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Mon, 06/13/2011 - 17:05 | 1365789 SloMoe
SloMoe's picture

Actually, the islands in Greece would be mountain peaks, if Greece wasn't so underwater...

Mon, 06/13/2011 - 17:16 | 1365837 TheFourthStooge-ing
TheFourthStooge-ing's picture

Can we put Washington, D.C. up for sale on eBay? The only stipulation is that the buyer would have to carve it off from the country and take it with him, along with the politicians and lobbyists.

Recommended starting bid: $1.05

(freedom costs a buck oh five...)



Mon, 06/13/2011 - 17:22 | 1365859 tmosley
tmosley's picture

Do we have to use our own nukes?

Mon, 06/13/2011 - 17:37 | 1365887 dwdollar
dwdollar's picture

Said buyer doesn't need to move it.  Just build a fence with barb wire pointing inward along with guard towers armed with turrets.  Don't forget missile batteries for the career Cogressmen who've managed to steal enough to own private jets.

Mon, 06/13/2011 - 17:42 | 1365905 SilverIsKing
SilverIsKing's picture

The US Govt should buy it and install a military base or, at a minimum, a few missle silos.

Mon, 06/13/2011 - 17:38 | 1365893 max2205
max2205's picture

IL to sell ad space on car tags now, that's how broke hose fuckers are

Mon, 06/13/2011 - 23:02 | 1366752 jeff montanye
jeff montanye's picture

when do the police start to wear decals like nascar?

Mon, 06/13/2011 - 17:05 | 1365790 Timmay
Timmay's picture

Fake debt buys real things. Game Over.

Mon, 06/13/2011 - 17:32 | 1365875 Cdad
Cdad's picture

<Cdad opens the bidding @ -$200,000 via a triple inverse leverage bet against ALL OTHER PEAKS in Austria>

Mon, 06/13/2011 - 17:57 | 1365961 The Profit Prophet
The Profit Prophet's picture

TPP raises the bid using a new 10 Trillion FRN - freshly printed by Genocide Ben in preparation for buying the world's assets. 

T.E.I.N. everyone

Mon, 06/13/2011 - 18:06 | 1365980 Cdad
Cdad's picture

Shit!  Okay...

...Cdad ups the ante, buying boatloads of OTM puts on the Acropolis while simultaneously getting long the CHF...laid off against a short UUP position established AH today.

Short ALL OTHER PEAKS in Austria remains.


Mon, 06/13/2011 - 18:27 | 1366056 Popo
Popo's picture

Actually, fake debt buys fake things.

Since there is no such thing as "property ownership" anyway (if the government can tax you for it, you're technically renting it from the government) the joke is on anyone who thinks they're buying the property -- even if they're buying it with funny money / debt.

It is completely beyond me why anyone in his right mind would want to own property in a predatory tax-regime.   The second you "own" the property,  you have exposed yourself to potentially infinite tax increases which you will bend over and take-like-a-man, all for the pleasure of "ownership".

To own land, is to voluntarily en-serf oneself to the tax-masters.

Property ownership is in essence, a binding contract with the feudal lords of Federal and State governments.

Mon, 06/13/2011 - 18:32 | 1366069 Cdad
Cdad's picture


So are you saying that you too are short ALL OTHER PEAKS in Austria?  Certainly, and with that attitude, you would also be short ALL OTHER SOLAR SYSTEMS.

Just trying to probe the market like a good crocodile algorithm.

Mon, 06/13/2011 - 19:32 | 1366214 Popo
Popo's picture

I am short all land and real estate in predatory tax regimes. Come on, you know there's no such thing as "owning" property in Austria, the USA or anywhere else that taxes real estate at annually determined, arbitrary rates.

You strike me as someone who thinks they own some real estate somewhere. Please stop paying taxes. The 'real' owners will present themselves shortly.


Mon, 06/13/2011 - 19:43 | 1366244 Cdad
Cdad's picture

You strike me as someone who thinks they own some real estate somewhere.

Was it the SHORT ALL OTHER PEAKS in Austria, the SHORT THE ACROPOLIS, or the SHORT ALL OTHER SOLAR SYSTEMS that gave me away?

Also, and considering your pronoun usage, how did you figure out that I am a fractal person?

Blue pills..............anyone...............Bueller....Bueller...

Mon, 06/13/2011 - 23:11 | 1366765 jeff montanye
jeff montanye's picture

and since at least the invention of agriculture government (or someone) has "taxed" (taken) property (of all sorts real and financial, sometimes the women or even the property owner too) at varying rates from year to year.

Mon, 06/13/2011 - 23:35 | 1366829 Popo
Popo's picture

At varying rates. LOL. Well the devil is in the details. You might want to compare say, modern suburban New Jersey with historical norms. We are in no way "normal" right now.

Mon, 06/13/2011 - 20:51 | 1366403 samslaught
samslaught's picture

Lets say you and I represent the whole world.  I create the currency for this world and give it all to you.  All I have is a loan on my have all the money in the world...$20.  I then proclaim that you must pay me back that $20 plus interest at some point in the future.  You buy lots of stuff, create businesses, and build wonderful products with my currency.  In the end no matter what you do I will end up with all your stuff.  It's simple math.  Even if you were able to reaccumulate all the money in the world and pay it to me ($20) you would still owe me interest....and interest on that interest...compounded over time.  I can create and give you more money but that would just allow for you to build more stuff for a while longer.  In the end the only thing left to pay with is your assets.  Thanks for working so hard for all those years and creating such a beautiful world.  It will all go back to me.  Your only recourse is to recognize that I dooped you with a mathimatically impossible scenario...smash my head in with a rock, and keep all the stuff you worked so hard for.


The trick is that individually we can service debts, even accumulate wealth.  This makes us think that if one can do it all can do it.  All cannot.  It's mathamatically impossible.  Interest = assets.

Mon, 06/13/2011 - 21:31 | 1366533 jp12345
jp12345's picture

I feel like I've just had a claritin moment.  Suddenly the whole central banking game makes sense in a way it never did before.

Mon, 06/13/2011 - 21:38 | 1366551 XPolemic
XPolemic's picture

Exactly! In fact, I would go further. A general principle of ownership of land is that you don't pay taxes on it. Ergo: If you pay taxes on your land, then you don't own it, period.

Not forgetting that as long as you owe $1 to the bank on your supposed 'mortgage', you don't own the land anyway.

People seem to have forgotten that the word 'mortgage' is French for "until death".

One thing I do concede however, it is a brilliant scam. Probably the best fraud in human history.

Mon, 06/13/2011 - 17:07 | 1365791 falak pema
falak pema's picture

As a european I can buy a lake in Carinthia of Ostrogoth Jorg Haider ex-Oligarch now deceased in a Le Mans type accident. Having a foot in Greece and one in Austria makes me feel like Jove riding Europa, his prize cow.

Mon, 06/13/2011 - 17:17 | 1365829 knukles
knukles's picture

Sounds like Bono

Mon, 06/13/2011 - 17:10 | 1365793 ebworthen
ebworthen's picture


It makes me wonder if anyone will really own anything in the not too distant future.


Mon, 06/13/2011 - 17:32 | 1365872 cougar_w
cougar_w's picture

Easy answer.

You personally will not own anything. Nor will any of your friends, nor their friends. Nor will anybody you randomly meet forever own anything.

But there will be about 20 guys who own every single fucking thing ever known in the whole mother fucking solar system since the beginning of holy fucking time including that fucking midget Pluto and the entire mother fucking Oort cloud. 

You can own your name. No fuck that, you can lease your name fucker. And your own fucking face too, don't forget that. You'll pay royalties to 20 guys every time you see your own reflection.

Mon, 06/13/2011 - 17:40 | 1365910 ebworthen
ebworthen's picture

Yes, feels that way, nice F-word rant, thanks, I enjoyed it, agree.

Mon, 06/13/2011 - 18:20 | 1366032 Cdad
Cdad's picture

<Cdad takes the other side of the trade, mostly out of desperation because he is in the process of getting short the Acropolis while also already short ALL PEAKS IN AUSTRIA...and he's due.   SHORT ALL OTHER SOLAR SYSTEMS>

Margin pressure is mounting....

Mon, 06/13/2011 - 18:32 | 1366059 Popo
Popo's picture

Great.  And then we'll raise property taxes on those 20 rich assh*les and let them pay for the entire ponzi charade.

Property ownership = exposure to property taxes.

It's a sucker's game.  Let the 1% have it all.  Then tax the living sh*t out of them.

Mon, 06/13/2011 - 17:10 | 1365795 detersbb
detersbb's picture

These people actually believe that these natural formations are for sale can be sold can be owned?


This is mental illness.

Mon, 06/13/2011 - 17:12 | 1365808 falak pema
falak pema's picture

Its called Oligarchic greed and hubris...It sealed the fate of Agamemnon, so there is hope for the hobbits!

Mon, 06/13/2011 - 17:15 | 1365817 Irwin Fletcher
Irwin Fletcher's picture

Tell it to the Manhattan Indians.

Mon, 06/13/2011 - 17:41 | 1365904 serotonindumptruck
serotonindumptruck's picture

I'll buy that island for some cheap trinkets, beads, and shiny baubles.

Mon, 06/13/2011 - 18:31 | 1366066 cougar_w
cougar_w's picture

Dude. They have big fucking banks there now. You sure you want the liability?

Mon, 06/13/2011 - 17:21 | 1365855 knukles
knukles's picture

It's a Fucking Bubble!

Classic monetarist (and I truly mean old school without any of the political or philosophical overtones and implications) effect.  Too much money will indeed lead to inflation. 
In our present bi-flationary times, something has to give, so this time around, it's useless debt buying national treasures.

The Mother of All Real Estate Bubbles!

Thanks Ben!

By my favorite definition of sanity; "clarity of thought", this is insane behavior.
Through the looking glass, post Orwellian, pure simple madness.

Mon, 06/13/2011 - 17:22 | 1365857 HamyWanger
HamyWanger's picture

*shocking revelation*

Homo Sapiens has conquered the Earth and became the ultimate apex predator long ago, whether people like it or not.

There's nothing shocking in offering for sale territories. It's that or stealing (i.e. war). 

So please spare us your ecological loony BS. 

Mon, 06/13/2011 - 17:12 | 1365804 somethingelse
somethingelse's picture

buy a mountaintop in austria and re-shoot your own cover-video of "Sound of Music"

....the hills are alive...

Mon, 06/13/2011 - 17:16 | 1365823 swissinv
swissinv's picture

I'llbuy it and make a toll for mountain climbers on the top.

Mon, 06/13/2011 - 17:09 | 1365806 HamyWanger
HamyWanger's picture

"But whoever the new owners turned out to be, "they won't be allowed to fence them off. The public and hikers have right of way," mayor Ausserlechner insisted."

Then what is the purpose of the deal??? 

A private property that is not private has very limited interest.

Mon, 06/13/2011 - 17:14 | 1365813 falak pema
falak pema's picture

Its called communal and private and the sound of music is all the more sweet as there are many to benefit from it. Ownership is a spiritual concept like being married, but leaving your wife to chose her know...minstrels...very european. Ham handed people are advised to abstain.

Mon, 06/13/2011 - 17:21 | 1365845 ebworthen
ebworthen's picture

Does this mean your Wife is available?

Mon, 06/13/2011 - 17:27 | 1365862 falak pema
falak pema's picture

how would I know? the husband is the last to find out. Didn't the english teach you a stiff upper lip and a lecherous down side...Luckily I'm french, so I don't have either but a sweet and vagrant french wife. BTW she doesn't accept food stamps and only swims in Chanel #5.

Mon, 06/13/2011 - 17:39 | 1365897 ebworthen
ebworthen's picture


Mon, 06/13/2011 - 17:20 | 1365838 wisefool
wisefool's picture

The same purpose as tens of thousands of homes in Detroit, USA availible for $1.

You buy one of these mountains, the hikers have right of way. You abide. They get out there in nature on "your" mountain and become hippies. They go back to urbania/suburbania and hang out in coffehouses and invent a new entitlement like "free, fair ______ for the people!" then they ask who will pay for it, and they say, oh I know! that rich dude who "owns" a mountain in Austria. tax the hell out of him.

This is definition of progressivism, no?


I am not casting a judgement here oligarch vs individual, rich vs. poor. I am just trying to make sure I understand the playbook.

Mon, 06/13/2011 - 17:29 | 1365879 LowProfile
LowProfile's picture

Sounds like good cover for my supervillian base.

Blu hu ha ha haaa

Mon, 06/13/2011 - 17:17 | 1365840 MsCreant
MsCreant's picture

I have a pair of bridges in Mississippi I'd like to sell you...I have the title and everything. If you take out a loan for it from my bankster buddies, Linda will sign off on everything for us...then they will sell it to Sallie and then she will sell it to the Fed and the taxpayer will back it and it will be all good. Win-win.

Bridges and mountains, bitchez.

Mon, 06/13/2011 - 17:34 | 1365881 falak pema
falak pema's picture

I'd buy a mountain from a bitch and build a bridge to her lair...she wolf or poodle she would be toast and I caviar eater cum caveat emptor. wow, that rhymes...

Mon, 06/13/2011 - 17:22 | 1365851 scatterbrains
scatterbrains's picture

I would guess they are saying the public will have right of way so that no one will compete for the property. After the right folks buy it cheap they will change the rule and bar the public from access.

Mon, 06/13/2011 - 20:20 | 1366346 lincolnsteffens
lincolnsteffens's picture

Not true,

People buy condos and only own the inside of their space. On top of that they have to follow rules of conduct and must fork over maintenance fees.

About 20 years ago I was looking for some land to build a home on. I found something of interest and proceeded to speak to the owner about price, etc. He mentioned that all his properties came with "covenants" that I would probably find helpful in maintaining the area's value. Immediately sirens could be heard inside my head warning to take cover. I told him since he was asking such a healthy sum why did he think he should have any say to tell me what to do such as which trees could be cut, how far back the house had to be from the road, the minimum size of the house and how quickly it was built.

I told him I was not interested in property I had to pay for while he got to tell me what to do with it. He had already sold several parcels and I was the first person    to object to his restrictions.   

Moral of the story is that indeed people will buy property that is not private. There is plenty of interest.                                                                                    

Mon, 06/13/2011 - 23:27 | 1366800 calltoaccount
calltoaccount's picture

double post

Mon, 06/13/2011 - 23:25 | 1366801 calltoaccount
calltoaccount's picture


Mon, 06/13/2011 - 17:09 | 1365810 swissinv
swissinv's picture

MBS = monument backed securities

Mon, 06/13/2011 - 17:21 | 1365841 MsCreant
MsCreant's picture

Me like.

Mon, 06/13/2011 - 17:50 | 1365931 Urban Redneck
Urban Redneck's picture

I think the SNB as few extra € notes lying around.  Since they can also probably swap some of the crap from the UBS portfolio for the underlying mortgages on the surrounding properties to bypass the fence the constraint it might be good investment, especially compared to more fiat... 

Mon, 06/13/2011 - 17:15 | 1365819 williambanzai7
williambanzai7's picture

Mon, 06/13/2011 - 17:34 | 1365892 Caviar Emptor
Caviar Emptor's picture


Mon, 06/13/2011 - 17:15 | 1365820 Irwin Fletcher
Irwin Fletcher's picture

Next up: US National Parks.

Mon, 06/13/2011 - 17:24 | 1365854 ebworthen
ebworthen's picture

The Mexican drug cartels will pay top dollar, those parks are growing some great weed for them already. 

Mon, 06/13/2011 - 17:36 | 1365898 Caviar Emptor
Caviar Emptor's picture

Russian oligarchs buy Mount Rushmore.....ship busts of presidents to amusement park in Mongolia

Mon, 06/13/2011 - 18:25 | 1366050 Irwin Fletcher
Irwin Fletcher's picture

Not until now. Fucking hell.

Mon, 06/13/2011 - 19:17 | 1366180 TheGoodDoctor
TheGoodDoctor's picture

Someone I know sent me a link to this. I was fucking floored. I am still in awe.

Mon, 06/13/2011 - 21:18 | 1366489 cosmictrainwreck
cosmictrainwreck's picture

Well, they gotta spend all that loot on somethin' right? I expected this - just not quite so soon....The hell of it is, not even a "highest bidder" or anything: just roll over and let 'em walk right in. Walk right in? How about hold the damn door open & bring cocktails & hors d'voures. The shits 

Mon, 06/13/2011 - 17:12 | 1365824 knukles
knukles's picture

Now (and I know it won't wind up working this way, but WTF, a great idea even by my standards) what the Greeks and Austrians should do, is sell all the shit like the Acropolis, the Vienna Opera Building, the Whole Fucking Alps to Goldman Sachs SPV Mark 666 Infrastructure, Fun Coke and Skank Fund #7, then just nationalize the shit. 

Take the money and run.

No different than anything anybody else is doing now, anyhow.

Hell, and if they got a golf course in Austria, throw that in the deal, too and when they bitch tell 'em "par for the course."

Mon, 06/13/2011 - 17:14 | 1365828 Goldenballs
Goldenballs's picture

After a lot of soul searching I have decided to sell one of my prize assets.Millions of acres,picturesque views,slight water shortage,very tranquil - for sale - The Moon - No Cash offers - only lorryloads of geuine physical Gold and Silver accepted.

Mon, 06/13/2011 - 17:18 | 1365847 falak pema
falak pema's picture

Methinks you don't have golden balls in spite of what your avatar says...more like moony moth balls...

Mon, 06/13/2011 - 17:25 | 1365830 swissinv
swissinv's picture

for people not having enough shit in these markets I propose to buy the canalisation

Mon, 06/13/2011 - 17:14 | 1365832 Gubbmint Cheese
Gubbmint Cheese's picture

Do they accept post dated checks?

Mon, 06/13/2011 - 17:15 | 1365836 cougar_w
cougar_w's picture

I think it's a pretty good deal, actually.

1) sell mountain to GS;

2) wait for common sense to reestablish a beachhead at some future date;

3) tell GS at that time sorry but you cannot actually own an actual mountain, but we're keeping the money because you are stupid;

4) profit

But the Austrian real estate brokers are screwing up. They should demand a cool billion. GS has it in cash and has nothing to spend it on. They'll bite, hard.

Mon, 06/13/2011 - 17:41 | 1365911 macholatte
macholatte's picture


1) sell mountain to GS;

     1-a) Obama plays golf on mountains and has a fund raiser hosted by GS and GE and paid for by White House.

     1-b) GS sells the mountains to clients at 50% premium.

     1-c) clients get non-recourse financing from BofA who sells the paper to the Fed.

     1-d) GS buys puts on the mountains; gets US-AID to insure against insurrection and nationalization by foreign government.


Europe prospers; GS prospers; American tax payer get hammered. The world is perfect again.



Mon, 06/13/2011 - 18:07 | 1365995 cougar_w
cougar_w's picture

Man that is just ... beautiful. This is like art or something, I mean it.

Mon, 06/13/2011 - 17:24 | 1365856 max2205
max2205's picture

Sounds great ? Right?

But once you get it they will tax the Fuck out of you till you beg them to take it back for nothing

Mon, 06/13/2011 - 17:28 | 1365864 Wolferl
Wolferl's picture

What´s so special about the Austrian state selling a piece of land? Because it´s on a mountaintop. I don´t understand.

Maybe it´s a good place for hunting. In Austria the land owner land has the exclusive right to hunt. Or you get a nice little house with it.  

Mon, 06/13/2011 - 17:28 | 1365867 Alcoholic Nativ...
Alcoholic Native American's picture

Selling off public lands and infrastructure after an engineered crisis?  Has this been done before?

Mon, 06/13/2011 - 17:29 | 1365876 Comrade de Chaos
Comrade de Chaos's picture

If they would allow a graffiti on those mountains aka "Comrade de Chaos was here." that sounds like a sweet deal ! (now how do i make those f 'off monies, hm graffiti in pink or red, which one's better?)


Mon, 06/13/2011 - 17:34 | 1365880 plocequ1
plocequ1's picture

Alexander the great.. He cried when he had no more worlds to conquer. 

Mon, 06/13/2011 - 17:34 | 1365889 cougar_w
cougar_w's picture

He cried? What a pussy.

Mon, 06/13/2011 - 17:34 | 1365891 falak pema
falak pema's picture

In fact he cried in front of a raging river his troops couldn't cross and in his frustration ordered his army to attack its turbulent waters...there is method in madness!

Mon, 06/13/2011 - 21:41 | 1365920 plocequ1
plocequ1's picture


Mon, 06/13/2011 - 21:37 | 1365925 plocequ1
plocequ1's picture

Ok, Lets try William J. Feathersmith then

Mon, 06/13/2011 - 17:52 | 1365937 serotonindumptruck
serotonindumptruck's picture

Was that after he and his army had their asses handed to them in what is now known as Afghanistan?

Mon, 06/13/2011 - 18:13 | 1366005 falak pema
falak pema's picture

Hey, we haven't read the same story...nobody whupped Alex. He married an Afghan princess Roxane by besieging her dad's impregnable castle. It so impressed dad to find himself nose to nose with the greeks in his eagle's nest he offered Alex his daughter as bride. 

In fact, the afghans proudly state nobody really conquered them outright since there..from the horse's mouth!

Mon, 06/13/2011 - 18:16 | 1366025 serotonindumptruck
serotonindumptruck's picture

Stalemate in the Hindu Kush.

Mon, 06/13/2011 - 18:24 | 1366044 falak pema
falak pema's picture

more like love mate...He was very fond of Roxane, she mothered his young son who died like the mother, after he died young. 

Mon, 06/13/2011 - 17:33 | 1365883 KCMLO
KCMLO's picture

Massive government mismanagement of all these countries notwithstanding... is anyone else astonished that these semi-sovereign nations are just bending over and taking it?  This can't go on forever (or even much longer).

Mon, 06/13/2011 - 17:37 | 1365886 Wolferl
Wolferl's picture

Yep, it´s a 1.2 million square meters property. A good size for a nice private high alpine hunting district. For just a little over 100K €, that really cheap.  

Mon, 06/13/2011 - 17:42 | 1365907 Caviar Emptor
Caviar Emptor's picture

Enough space to house the world's rich and aristocrats for when the revolution comes. Private army not included. 

Mon, 06/13/2011 - 17:35 | 1365888 grunk
grunk's picture

Somebody can corner the edelweiss market.

I can see it now:

The Von Trapp family, running up the mountain to escape the Merkel occupation, gets stopped at the border by Lloyd Blankfein. "Toll, pleeeeze."

Mon, 06/13/2011 - 17:37 | 1365900 Caviar Emptor
Caviar Emptor's picture

They left out one detail: it's a volcano

Mon, 06/13/2011 - 17:51 | 1365945 serotonindumptruck
serotonindumptruck's picture

Dormant or extinct?

(Not that it really matters.)

Mon, 06/13/2011 - 18:17 | 1366016 falak pema
falak pema's picture

None active...except the women who live on it!

Mon, 06/13/2011 - 18:00 | 1365923 THE DORK OF CORK
THE DORK OF CORK's picture

As someone who enjoys Hiking in small European countries with picturesque villages this is a shock.

The one and only time Dork can get violent is when I am denied access to the Back&High country.

Generally this privatisation of the commons leads to confrontation.

Scotland however has a enlightened policey of land access in the estates of the North but this was hard fought for over the decades - this seems a regression to the privatised mean.

Central Europeans and particulary Austrian and Bavarians are Pagans with a Christian exterior - if you take the prospect of the open space away from them they are likely to get violent , I speak from experience in this matter. 

Mon, 06/13/2011 - 17:52 | 1365948 Eireann go Brach
Eireann go Brach's picture

The Euro is destined for disaster because the powers that be never baked centuries of cultural differences and hatred into the Euro monetary pie when it was created, and now decision day is fast approaching all its failures will come to light.....Trichet et al may think they know academics ...but they know fuck all about centuries of cultural and historical differences and hatred that are innate in all countries and which will ultimately decide the fate of the Euro! Ireland for one WILL tell the establishment of the EU and the IMF to fuck off very soon..they have been doing that for centuries. Bet against that and you are an idiot!

Mon, 06/13/2011 - 17:56 | 1365951 booboo
booboo's picture

I always wondered how those evil bastards in the Bond films came to own those islands and mountain lairs.

I suspect Blankfein will buy one and set up shop, call himself Stinkfinger (carries his little sidekick Goiter around by his asshole)  

Mon, 06/13/2011 - 18:05 | 1365990 Herman Strandsc...
Herman Strandschnecke's picture

I'm seriously interested for my coil manufacturing business; Mountain Springs.

Mon, 06/13/2011 - 18:00 | 1365974 Xibalba
Xibalba's picture

Do they really own it?  Papers please.

Mon, 06/13/2011 - 18:08 | 1365998 molecool
molecool's picture

Okay, I dug around in some Austrian news (used to grow up around there) - a few facts:Those two peaks were actually sold by Austria to BIG in 2001 - seems the local climbing club had no idea until recently and inquired about buying the peaks for a symbolic sum of a few thousand Euros. BIG thinks it can do better and apparently has currently about 20 interested parties.

This is highly disturbing and I am surprised that selling mountain peaks is even legal in Austria. There should at least be a public referendum of some sort.

Mon, 06/13/2011 - 18:15 | 1366020 Waterfallsparkles
Waterfallsparkles's picture

Banks trying to take us back to the Feudal Lords who rented land to the Pesants in return for a percentage of their Harvest.

Only a few were Wealthy Lords, everyone else were peasants.

Mon, 06/13/2011 - 18:20 | 1366029 rsnoble
rsnoble's picture

Fuck what Greece is doing, what's the fucking US going to sale?  Your fucking back yard?  Care to take your family to bejing canyon park in az?  these mothrfukers have no right and need their fkn heads cut off.

Mon, 06/13/2011 - 18:35 | 1366082 Waterfallsparkles
Waterfallsparkles's picture

Right, the Banks came to the brink of insolvency.  So, the Government Bailed the Banks out with Tax Payer Money and now the Banks want to forclose on the assets of the USA because there is too much Debt.  Watch.

Mon, 06/13/2011 - 18:22 | 1366035 nwskii
nwskii's picture

Can I take out a Power Option Loan with nothing down and zero interest? Then I wont pay and squat for a year or 2. Sounds like a deal!

Mon, 06/13/2011 - 18:22 | 1366036 Waterfallsparkles
Waterfallsparkles's picture

The Countrys should get even by charging a Bizzilion in Property Taxes.  They will soon have the assets back, due to forfeiture from non payment of taxes.

Mon, 06/13/2011 - 18:25 | 1366048 Greeny
Greeny's picture

121k Euro? is f* pocket change. This Article is complete

BS, otherwise Russians already would bought whole Greece

completely. There is no cheaper houses and quality of

live in comparison then Florida. Sarasota FL, best

place form Money/Quality of live.. 121k you are joking :)

Mon, 06/13/2011 - 18:25 | 1366052 Let them all fail
Let them all fail's picture

Someone should really buy this and give it to that town, sad shit...

Mon, 06/13/2011 - 18:30 | 1366057 Greeny
Greeny's picture

For decent (not big) house you still have to expect to pay

at least $400k.. Or we talking about trailers here?

Mon, 06/13/2011 - 18:34 | 1366067 Greeny
Greeny's picture

Watch Dollar, watch Silver/GOLD (somewhat).

Paper Silver above $30/oz -

Hard Equity correction = nil.

*Junk* :)))

Mon, 06/13/2011 - 18:52 | 1366115 jakethesnake76
jakethesnake76's picture

hahaha that doessound  quite insane lol, like selling off all the Gold in fort knox i like Ron Paul but yea lol

Mon, 06/13/2011 - 19:19 | 1366189 TheGoodDoctor
TheGoodDoctor's picture

He wants an audit. That is all. Sheesh.

Mon, 06/13/2011 - 19:14 | 1366174 Alex Kintner
Alex Kintner's picture

Step 1 - Make the taxpayers borrow Trillions, then give it away to the Rich. - Complete.
Step 2 - The Rich buy up the world at depress prices. - In progress.
Step 3 - The taxpayers become share croppers of the Rich. - Any time now.

Mon, 06/13/2011 - 19:19 | 1366176 americanspirit
americanspirit's picture

I want to buy both these peaks and then commission somebody to carve a sculpture of Mohammed on one, Jesus on the other, both fucking a cute little pig. Please, can someone spare a few million Euros for this art project of the millenium?

Mon, 06/13/2011 - 19:46 | 1366252 knukles
knukles's picture

Two piggies or one? 
Is/are the pigs halal/kosher?
What is Goldman's role?
Would they be screwing both Mohammed and Jesus?

Mon, 06/13/2011 - 19:56 | 1366268 yogibear
yogibear's picture

What's the problem with defaulting? Those that took the risk loaning the money should loose.

Imagine those that paid taxes and fought  for the land will be locked out of it. 

It's the bankers vs countires and it's citizens. The ultimate power and wealth takover.






Mon, 06/13/2011 - 19:59 | 1366274 robertocarlos
robertocarlos's picture

You can't win buying land. The govt just taxes it and they get their money back.

Mon, 06/13/2011 - 21:02 | 1366437 Moe Howard
Moe Howard's picture

I think it's a trick like those $1 houses in Detriot. Most likely the property taxes are $1 Billion dollars each mountain per year.

Mon, 06/13/2011 - 21:34 | 1366496 Downtoolong
Downtoolong's picture

whoever the new owners turn out to be, "they won't be allowed to fence them off.

Hopefully the new owner won’t be allowed to carve any logos or human faces into the side of the peaks either. Otherwise, some corporation or self-absorbed egotistical Wall Street hedge fund manager would easily bid the price up to $100 million.

I can see it now, a bust of Ben Bernanke to rival Mount Rushmore, sponsored by all his friends on Wall Street. If that happens, I’m going to buy the mountain next to it and carve my ass into it, so that I can moon him for the rest of eternity.   

Mon, 06/13/2011 - 22:07 | 1366617 rsnoble
rsnoble's picture

Awesome. make room for my ass too please.

Mon, 06/13/2011 - 21:49 | 1366579 Atomizer
Atomizer's picture

The best way to control the world is by offering credit that can never be repaid. This is the new normal for party of six jackoffs.

Just like a used car salesman, the victim buys the durable good & car gets repossessed. The victim will go to court, leverage what he/or she holds in assets to settle the damages with compounded interest payments to settle.

Mountains are just a more profitable asset to lease out or use as collateral to buy more bad debt.

"It's All Fun And Games Till The Note is due". Ponzi schemes always end quickly & the inital assets are sold off to a new debt holder. This process repeats over and over.

Mon, 06/13/2011 - 22:18 | 1366653 Buck Johnson
Buck Johnson's picture

It's all coming apart.

Mon, 06/13/2011 - 22:50 | 1366733 Jerry Maguire
Jerry Maguire's picture

Yah this is the point that economist Michael Hudson is making.  Follow the links from this post:

Lot of stuff on the Casey Anthony trial too.

Mon, 06/13/2011 - 23:01 | 1366749 Stuck on Zero
Stuck on Zero's picture

Quick question ... does a government really own anything or does it all belong to the people?

Mon, 06/13/2011 - 23:21 | 1366791 calltoaccount
calltoaccount's picture


Mon, 06/13/2011 - 23:59 | 1366868 AgShaman
AgShaman's picture

Austria....Hells Yes I'll buy that!

Come check out the mtn top view from my new digs in Austria "Bits-sez"!

We'll throw some shrimps on the 'Barbie'...after we roll some fat bankers down my back yard.

Tue, 06/14/2011 - 02:35 | 1367024 Mec-sick-o
Mec-sick-o's picture

Nice, hurry up those auctions before the glaciers melt away with mudslides covering those nice pintoresque towns.

Tue, 06/14/2011 - 04:05 | 1367097 MadeOfQuarks
MadeOfQuarks's picture

"But whoever the new owners turned out to be, "they won't be allowed to fence them off. The public and hikers have right of way," mayor Ausserlechner insisted."

That's nice, but I've seen the rich folk bypass this type of restriction, they'll just hire the same lawyers that draughted the restriction to point out the loopholes and presto.

Tue, 06/14/2011 - 05:13 | 1367132 S.N.A.F.U.
S.N.A.F.U.'s picture

Austrians are financial geniuses:  Buy the troughs...  Sell the peaks!

Do NOT follow this link or you will be banned from the site!