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As Greece Prepares To Auction Off The Acropolis, Austria Is Selling Its Mountains
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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Actually, the islands in Greece would be mountain peaks, if Greece wasn't so underwater...
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...)
Do we have to use our own nukes?
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.
The US Govt should buy it and install a military base or, at a minimum, a few missle silos.
IL to sell ad space on car tags now, that's how broke hose fuckers are
when do the police start to wear decals like nascar?
Fake debt buys real things. Game Over.
<Cdad opens the bidding @ -$200,000 via a triple inverse leverage bet against ALL OTHER PEAKS in Austria>
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
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.
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.
HUH?
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.
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.
Sucker.
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...
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.
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.
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 books...you 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.
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.
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.
As a european I can buy a lake in Carinthia ...land 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.
Sounds like Bono
It makes me wonder if anyone will really own anything in the not too distant future.
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.
Yes, feels that way, nice F-word rant, thanks, I enjoyed it, agree.
<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....
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.
These people actually believe that these natural formations are for sale can be sold can be owned?
This is mental illness.
Its called Oligarchic greed and hubris...It sealed the fate of Agamemnon, so there is hope for the hobbits!
Tell it to the Manhattan Indians.
I'll buy that island for some cheap trinkets, beads, and shiny baubles.
Dude. They have big fucking banks there now. You sure you want the liability?
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.
*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.
buy a mountaintop in austria and re-shoot your own cover-video of "Sound of Music"
....the hills are alive...
I'llbuy it and make a toll for mountain climbers on the top.
"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.
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 own...you know...minstrels...very european. Ham handed people are advised to abstain.
Does this mean your Wife is available?
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.
;-)
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.
Sounds like good cover for my supervillian base.
Blu hu ha ha haaa
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.
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...
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.
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.
double post
turnstiles
MBS = monument backed securities
Me like.
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...
+10
Next up: US National Parks.
The Mexican drug cartels will pay top dollar, those parks are growing some great weed for them already.
Russian oligarchs buy Mount Rushmore.....ship busts of presidents to amusement park in Mongolia
What, you ain't heard about it yet Fletcher?
Project 60
http://www.examiner.com/conservative-in-boise/idaho-to-be-first-chinese-state
http://www.youtube.com/watch?v=TVEBU0nRq3c
Not until now. Fucking hell.
Someone I know sent me a link to this. I was fucking floored. I am still in awe.
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
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."
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.
http://en.wikipedia.org/wiki/The_Man_Who_Sold_the_Moon
Great story.
Methinks you don't have golden balls in spite of what your avatar says...more like moony moth balls...
for people not having enough shit in these markets I propose to buy the canalisation
Do they accept post dated checks?
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.
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.
Man that is just ... beautiful. This is like art or something, I mean it.
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
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.
Selling off public lands and infrastructure after an engineered crisis? Has this been done before?
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?)
SARC.
Alexander the great.. He cried when he had no more worlds to conquer.
He cried? What a pussy.
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!
..
Ok, Lets try William J. Feathersmith then
Was that after he and his army had their asses handed to them in what is now known as Afghanistan?
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 Alex...so there..from the horse's mouth!
Stalemate in the Hindu Kush.
more like love mate...He was very fond of Roxane, she mothered his young son who died like the mother, after he died young.
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).
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.
Enough space to house the world's rich and aristocrats for when the revolution comes. Private army not included.
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."
They left out one detail: it's a volcano
Dormant or extinct?
(Not that it really matters.)
None active...except the women who live on it!
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.
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!
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)
I'm seriously interested for my coil manufacturing business; Mountain Springs.
Do they really own it? Papers please.
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.
http://www.kleinezeitung.at/tirol/lienz/kartitsch/2761219/berggipfel-zu-...
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.
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.
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.
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.
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!
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.
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 :)
Someone should really buy this and give it to that town, sad shit...
For decent (not big) house you still have to expect to pay
at least $400k.. Or we talking about trailers here?
Watch Dollar, watch Silver/GOLD (somewhat).
Paper Silver above $30/oz -
Hard Equity correction = nil.
*Junk* :)))
hahaha that doessound quite insane lol, like selling off all the Gold in fort knox i like Ron Paul but yea lol
He wants an audit. That is all. Sheesh.
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.
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?
Two piggies or one?
Is/are the pigs halal/kosher?
What is Goldman's role?
Would they be screwing both Mohammed and Jesus?
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.
You can't win buying land. The govt just taxes it and they get their money back.
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.
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.
Awesome. make room for my ass too please.
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.
It's all coming apart.
Yah this is the point that economist Michael Hudson is making. Follow the links from this post:
http://strikelawyer.wordpress.com/2011/06/13/hard-to-argue-with-this/
Lot of stuff on the Casey Anthony trial too.
http://strikelawyer.wordpress.com
Quick question ... does a government really own anything or does it all belong to the people?
turnstiles
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.
Nice, hurry up those auctions before the glaciers melt away with mudslides covering those nice pintoresque towns.
"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.
Austrians are financial geniuses: Buy the troughs... Sell the peaks!