The Greek Bailout's Two Secret Exit Clauses: Why Europe Is Now Cheering For Its Own Demise

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Tue, 05/25/2010 - 22:55 | 373498 Crab Cake
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R.E.M. - It's The End Of The World As We Know It

http://www.youtube.com/watch?v=Bmxyj6iInMc

Wed, 05/26/2010 - 06:24 | 373859 MrTrader
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I will contribute some sort of facts to the Greek situation. Let's take a look at the lastest Bank of Greece ( central bank ) household and corporate deposits ( domestic residents ) :

 

http://www.bankofgreece.gr/Pages/en/Statistics/monetary/deposits.aspx

227.355 million EUROs or in other words 227,35 billion EUROs. Question : Why has the world to bail out the RICH Greeks ???????

Tue, 05/17/2011 - 02:00 | 1282107 Karston1234
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This was really a very interesting article that I really do appreciate.
phd degrees online
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distance education

Tue, 05/25/2010 - 22:58 | 373500 Apostate
Apostate's picture

More apropos of the impending mass-death of the Eurocratic vampire clans:

Bauhaus - Bela Lugosi's Dead

http://www.youtube.com/watch?v=OKRJfIPiJGY&feature=related

White on white translucent black capes
Back on the rack
Bela Lugosi's dead
The bats have left the bell tower
The victims have been bled
Red velvet lines the black box
Bela Lugosi's dead
Undead undead undead
The virginal brides file past his tomb
Strewn with time's dead flowers
Bereft in deathly bloom
Alone in a darkened room
The count
Bela Logosi's dead
Undead undead undead

Tue, 05/25/2010 - 23:03 | 373502 Mr Lennon Hendrix
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"The bottom line is that all of Europe is now incentivized to blow itself up, and it doesn't even have to put too much effort into it."

Wow.............................................

You are absolutely correct.

So, how does this go now?  Does Europe want a strong dollar for this to work?  Or will the added cost of bailing out the WORLD weaken the dollar?  And what will equities do with America as dead man walking?  Either way, the sky is the limit for gold.

PS, ZH IS a life saving device.  Use accordingly.

Wed, 05/26/2010 - 00:48 | 373686 nuinut
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Who gives a shit?

You got ya gold haven't ya?

The view sure is good from here, pass the popcorn, eh?

Wed, 05/26/2010 - 01:25 | 373724 Mr Lennon Hendrix
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I do.

Yes.

The view....well, I would rather not watch my people succumb to the tyranny of a tiny few, so, hold the popcorn, I will be back in a minute.

Wed, 05/26/2010 - 01:53 | 373747 nuinut
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Maybe I was a little callous; I do care that people will get hurt, but that has been inevitable for quite some time. I have made a concerted effort to alert others, as have many here no doubt, with some modest success.

I would very much like the inevitable to get underway, so we can get to the task of rebuilding a fairer future asap.

Wed, 05/26/2010 - 03:12 | 373799 Bringin It
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nuinut - I agree, it's difficult.  My advise is don't look back.  Remember Lott's wife.

Wed, 05/26/2010 - 03:45 | 373820 chumbawamba
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Some people just will not listen.  You can't help someone unless they are willing to help themselves.  You can lead an investor to a coin shop, but you can't make them buy.

But you must try.

I am Chumbawamba.

Wed, 05/26/2010 - 05:05 | 373845 UncleFurker
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>You can lead an investor to a coin shop

Unless they refuse to leave the house because Dancing with the Stars is on.

 


Tue, 05/25/2010 - 23:02 | 373508 doublethink
doublethink's picture

 

Here Comes The Calvary

 

Rothschild plan would see privatization of Britain’s massive public motorway

 

http://rawstory.com/rs/2010/0525/uk-plan-privatization-britains-massive-...

 

Tue, 05/25/2010 - 23:08 | 373515 Apostate
Apostate's picture

This is coming to the US as well, of course. It's already here in some parts.

The media is more concerned about covering Justin Bieber than anything real.

The public debts are invalid. These coming auctions are going to be overly opaque.

"nstead of drawing the tolls directly from motorists pocketbooks, the firms would draw up formulas that estimate the total number of drivers, which the government would then pay for in regular increments. Critics call the idea a "shadow toll," though it is seen as preferential compared to building new toll roads and electronic payment systems. The so-called "shadow toll" would also appear to be a possible route for deflecting the full brunt of an almost-certain public backlash."

This is wretched. That's not a true privatization.

Wed, 05/26/2010 - 01:23 | 373722 faustian bargain
faustian bargain's picture

It's fascization. Fascistization?

Wed, 05/26/2010 - 07:04 | 373875 MsCreant
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Justin Bieber? Who is that? Don't bother, I will google.

Wed, 05/26/2010 - 10:56 | 374151 WaterWings
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"We don't say that in America."

http://www.youtube.com/watch?v=DkKqihEUmH4

Wed, 05/26/2010 - 07:48 | 373891 AnAnonymous
AnAnonymous's picture

Why is it not true privatization? They own the stuff. They way they exploit it is theirs.

 

Always interested in knowing the rationale behind statements like not true privatization.

Tue, 05/25/2010 - 23:14 | 373521 Mr Lennon Hendrix
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Hmmm...who are these Rothschildes you speak of?  Let me get some books...

OK, old banking family from the 18th century....changed name to Red Shield, well thats odd, why would anyone change their name?....anywho....chartered the first Banking Houses of Brittain, France, Italy, Germany, Austria; wow the major States!....COat of arms is the same as the coat of arms for Brittania, how ironic....Created many many many currency collapses over the centuries.....collapsed London by claiming Brittish defeat at the hands of Napoleon, and then bought up all assets at pence on the pound; well that wasn't nice!....intermarried until the 20th century, weird....founded LBMA.....ducked out of banking in the 80's except for their shares in Barclays; doesn't Barclays own ishares silver trust, the worlds largest silver reserve?....so they want to privatize infrostructure huh?  Well upon reading "The House of Rothschilde: The World's Banker" by Nigel Fergeson, I am not surprised!

http://www.amazon.com/gp/product/0140286624/ref=pd_lpo_k2_dp_sr_1?pf_rd_...

Wed, 05/26/2010 - 02:24 | 373765 Howard_Beale
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LH, my friend, the book was written by Naill Ferguson. Just a little typo and I won't comment on the rest....Brittish, British, Tomatoe, Tomato. Sweet dreams.

Wed, 05/26/2010 - 01:03 | 373707 TJW
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Here Comes The Calvary

Now THAT is funny. Dark humor, I admit. But funny.

Wed, 05/26/2010 - 01:52 | 373746 Privatus
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Piratization.

Sat, 02/19/2011 - 18:51 | 978151 web dizajn
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oh no, not the Rothschilds again! web dizajn

Tue, 05/25/2010 - 23:04 | 373513 Gimp
Gimp's picture

Ladies and Gentlemen start your printing presses!

Tue, 05/25/2010 - 23:05 | 373514 Matto
Matto's picture

Burn baby, burn.

Tue, 05/25/2010 - 23:14 | 373523 Mr Lennon Hendrix
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US inferno!

Tue, 05/25/2010 - 23:30 | 373553 Matto
Matto's picture

Global Inferno!!

Tue, 05/25/2010 - 23:54 | 373600 Mr Lennon Hendrix
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touche.

Wed, 05/26/2010 - 11:00 | 374165 WaterWings
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I want to dance till I'm dead:

http://www.youtube.com/watch?v=A_sY2rjxq6M

Tue, 05/25/2010 - 23:11 | 373516 Me XMan
Me XMan's picture

Benny fucking us again???

Tue, 05/25/2010 - 23:24 | 373543 LeBalance
LeBalance's picture

there was a stoppage?

Tue, 05/25/2010 - 23:27 | 373545 Mr Lennon Hendrix
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Yeah, he had to readjust and relube.

Wed, 05/26/2010 - 00:50 | 373690 nuinut
nuinut's picture

Maybe you're just getting numbed to it.

Wed, 05/26/2010 - 01:23 | 373721 Mr Lennon Hendrix
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Oh for real?  Naw, BS is doin a corpse if you want to get into it.  Necro Ben nuinut, necro ben.

Wed, 05/26/2010 - 01:45 | 373738 knukles
knukles's picture

+Priceless.

I'd been thinking of the 3 Stooges, but NecroBen takes the cake.  WS and DC Rapes and Kills 'em and NecroBen tosses the corpse.

Oh, and Barney gets to Chair the Committee for the Ultimate Redesign of the Financial System.  Somehow being in Good Hands with the State does not here compute.

Can anybody please address the Disease rather than the Symptoms; the very Wall Street and sycophant Business Models and their Cheering Section amongst the Law Givers? 

Wed, 05/26/2010 - 00:53 | 373692 SecretGoldfish
SecretGoldfish's picture

lube?  hell, ben ain't even gonna spit on it.

Wed, 05/26/2010 - 00:11 | 373628 doublethink
doublethink's picture

 

Still

 

The turbulence in financial markets in the last couple of weeks has been ascribed by reporters to doubts about the long-term stability of the euro, and concern over the finances of southern European countries. This is over-optimistic. Whether or not the current market downdraft proves temporary, monetary and fiscal policies in the United States and worldwide have been excessively stimulative since the September 2008 market meltdown. Thus we are at some point in the near future going to suffer the second Bernanke crash.

 

http://www.atimes.com/atimes/Global_Economy/LE26Dj01.html

 

Tue, 05/25/2010 - 23:11 | 373517 DoChenRollingBearing
DoChenRollingBearing's picture

I need to find some better pills, it seems like things are getting worse even faster than I had thought.  My bottle of Absinthe is half gone too.

There in Europe, here in America.  Yes, the Rothschilds might do very well out of all this.  And whoever their lapdogs are here.

Tue, 05/25/2010 - 23:20 | 373533 Mr Lennon Hendrix
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Find a grower, ask for the leaves, make butter.  That will make you remember your days sippin' absinthe in a flash. 

Rothschildes are banking on this.  And they, my friend, have ALL of their assets in gold and silver...for real.

Tue, 05/25/2010 - 23:58 | 373611 AnXmarine
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Try Soma, it's got all of the advantages of Christianity and alcohol with none of their defects.  Afterall, one cubic centimeter cures ten gloomy sentiments! You can take Soma when you have all those dreadful ideas and you'd forget all about them. Then, instead of feeling miserable, you'd be jolly. So jolly!  

Wed, 05/26/2010 - 00:30 | 373654 Mr Lennon Hendrix
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Ok, and Kava is cool too.  I like drinking kava tea from Yogi Tea.  That will knock you right out.

Wed, 05/26/2010 - 01:09 | 373711 DoChenRollingBearing
DoChenRollingBearing's picture

I have perhaps carisprodol, but perhaps not enough.  I can take advantage of that soon.  Maybe buy soma at the rate I buy gold.

Wed, 05/26/2010 - 08:07 | 373901 MaximumPig
MaximumPig's picture

Absinthe half full! be optimistic! lol

Tue, 05/25/2010 - 23:14 | 373520 brushfire
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this is perhaps the most important article i've ever come across on ZH, and that is reallly saying something. truly, im speechless. if this is true, gold bitches...gold.

Tue, 05/25/2010 - 23:18 | 373528 Nihilarian
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You put your hand up on my hip, when I dip, you dip, we dip.

Tue, 05/25/2010 - 23:31 | 373556 silvertrain
silvertrain's picture

you put yours , and I put mine 

and we can dip down low and roll and grind 

Wed, 05/26/2010 - 07:52 | 373894 velobabe
velobabe's picture

testing testing††

Tue, 05/25/2010 - 23:19 | 373529 Turd Ferguson
Turd Ferguson's picture

You know, all of this has been to buy time. 

The Fed, Congress and the WH all know that we're fucked if the economy (tax receipts) doesn't recover fast enough to manage the debt. They enlisted CNBC to pump their propoganda of MOPE. They gave billions to GS and JPM to form the PPT that buys SPY anytime the market looks dicey. They all hoped they could buy time thru pretend&extend and that it all might work out in the end.

Sadly, as it always does, events are beginning to rapidly spin out of control. Where Benny and B'rock thought they were buying time until 2012-14, they only made it to now. Its like a nuclear reaction. Once started, it cannot be contained and the speed of burn only accelerates.

The American Idiot has no clue what is coming. He/she is just trying to make ends meet. Make the mortgage. Educate the kids. Save a little for retirement. But the end is near. The only America we've ever known, the post WW2 America, is passing away. 

What emerges on the other side is anybody's guess. A hungry and scared electorate will trade almost any and all freedoms for the "hope" of prosperity and safety regained. My best guess is some form of fascism, a TBTF corporatist/statist fascist semi-police state. 

This could have been prevented. No. I take that back. I'm not sure it could have been prevented. Once the US decided, as the sole provider of the global reserve currency, to take it upon ourselves to issue unlimited amounts of fiat and debt, the jig was up. The forty years it took for the end to begin seems like a logical amount of time.

At any rate, this will all soon be over. The final tipping point, our generation's Arch Duke Ferdinand, will soon be upon us. My prayers are for my family and friends and all of you hear at ZH. 

Tue, 05/25/2010 - 23:21 | 373536 Missing_Link
Missing_Link's picture

+++

Well said, TF.

Wed, 05/26/2010 - 01:49 | 373742 knukles
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Well said.  The Orwellian future of the True Mercantilist State.

Tue, 05/25/2010 - 23:22 | 373537 Mr Lennon Hendrix
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+1

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