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    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

The Greek Bankruptcy Case Study Is Now A Cartoon

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Wed, 06/15/2011 - 18:56 | 1372952 Freewheelin Franklin
Freewheelin Franklin's picture

Whoa. She can remodel my kitchen.

Wed, 06/15/2011 - 19:25 | 1373031 flacon
flacon's picture

it just may usher the eventual implosion of capitalism once again


LOL! What we really need is "more government" to stop the speculators. More price controls, less capitalism - worls every time. /sarc

Wed, 06/15/2011 - 19:46 | 1373055 Spastica Rex
Spastica Rex's picture

Rules are for commies.

Wed, 06/15/2011 - 23:22 | 1373459 trentusa
trentusa's picture

He said not w/ the 2 yr (Treasury Note) @ 28% it won't, and not w/ 30-yr @ the .40 cent...this is absolutely hilarious the best finance site on the web thats so funny i cant breath& ill give $100 to whoever the son og a bitch is who that coined that frase for an autograph

Wed, 06/15/2011 - 19:46 | 1373056 Spastica Rex
Spastica Rex's picture


Wed, 06/15/2011 - 20:14 | 1373122 eureka
eureka's picture

She can animate Cali's coming Crash.

Cali Comptroller stops paying Cali Politicians tomorrow; state employees next month.

My Motto: USUKs* delendam esse!

*US+UK, the original Globa-Fi-Scum, who rigged the WHOLE world.

Wed, 06/15/2011 - 20:33 | 1373152 Optimusprime
Optimusprime's picture

My Motto: USUKs* delendam esse!


Brilliant!  Especially the "USUK" part.

Wed, 06/15/2011 - 20:32 | 1373156 eureka
eureka's picture

Thank You. You are now my friend.

Thu, 06/16/2011 - 08:09 | 1373891 falak pema
falak pema's picture

Can't we say it like this : U-Suk delendam esse...makes it more comprehensible for twitter bugs. 

Wed, 06/15/2011 - 21:06 | 1373210 Monedas
Monedas's picture

She can wash my underwear in her bath water ! Monedas 2011 I'd like to fluff and fold her !

Wed, 06/15/2011 - 22:07 | 1373310 IMA5U
IMA5U's picture

i buy

Thu, 06/16/2011 - 10:34 | 1374353 BorisSDT
BorisSDT's picture

She can remodel my grundle area.

Wed, 06/15/2011 - 19:05 | 1372960 hambone
hambone's picture

Um, whatever course the moderator of the cartoon wants to give...I'm game.

It's hard to focus on our impending doom when the spokesperson is really hot!!!  Suggest we bring back some lame-o economist or the like to moderate so I can properly recoil ahead of the collapse...rather than the reverse I'm dealing w/ from this video.

Bad hambone, bad!!!

Wed, 06/15/2011 - 19:31 | 1373035 dick cheneys ghost
dick cheneys ghost's picture

bunga bunga

Wed, 06/15/2011 - 19:29 | 1373037 dick cheneys ghost
dick cheneys ghost's picture

bunga bunga

Thu, 06/16/2011 - 14:13 | 1373042 Shell Game
Shell Game's picture

yeah, I'd do her twice too.


Edit:  I know, I know, it was shameful boy humor.

Wed, 06/15/2011 - 19:03 | 1372966 Josh Randall
Josh Randall's picture

Ya, nice analogy, someone who goes crazy shopping to that of a country that was sold down the river and financed with usery rates, funny cartoon but not very educational 

Wed, 06/15/2011 - 19:38 | 1373050 Pepe
Pepe's picture

Yeah I don't find it funny either. The EU bosses demanded certain numbers from Greece in order to enter the EU market. Goldman sachs was nearby and happenned to offer its services. All planned. German, French and British pigs together with the Goldman Sachs ones took advantage of another country who will live in sorrow thereafter.

Agree. They should have been sharper, but then their Government is run by the same pigs..so what gives?

Thu, 06/16/2011 - 08:14 | 1373906 falak pema
falak pema's picture

what gives : oligarchic pig sty ! Augean stables are in N Europe not Greece! Or maybe in Washington DC/N York.

Wed, 06/15/2011 - 19:06 | 1372981 oogs66
oogs66's picture

The keynesians will see austerity as the problem not too much debt and pat themselves on the shoulder and demand more stimulus!!!

Wed, 06/15/2011 - 19:12 | 1372982 russwinter
russwinter's picture

Incidentally isn't it interesting that Iceland is back in the international borrowing market: with a $5billion, 5 years, at 5%. Not bad for a country that defaulted two years ago. Take note Greece, Ireland, and Portugal.

Wed, 06/15/2011 - 21:50 | 1373276 web bot
web bot's picture

You have ever heard of the concept called "systemic risk"?

Three French banks were put on watch today due the Greece contagion.

Thu, 06/16/2011 - 02:55 | 1373696 Ponzi Unit
Ponzi Unit's picture


Wed, 06/15/2011 - 19:12 | 1372985 The Alarmist
The Alarmist's picture

Yeah, OK, discount by 90% just like when I see the babes standing in front of the display pitching me to invest in cryo.whatever .....

Wed, 06/15/2011 - 19:12 | 1372986 kito
kito's picture

does anyone know if the greek politicians needed the tunnels today? or did the protesters part like the red sea for them as they exited the building?

Wed, 06/15/2011 - 21:30 | 1373251 Jendrzejczyk
Jendrzejczyk's picture

".......or did the protesters part like my partner's ass cheeks?"

did that fix it for you?

Wed, 06/15/2011 - 19:14 | 1372991 mcguire
mcguire's picture

my favorite is when the other countries are 'dissing' greece for the CCC rating.. 

Wed, 06/15/2011 - 19:14 | 1373002 ddtuttle
ddtuttle's picture

This has been said on ZH by many, but Greece should default by denominating all their debts, public and private into a new Drachma. Since this constitutes a default, they could do anything else they needed to at the same time: lengthen maturities, lower interest rates etc. The Drachma would most logically be created 1:1 with the Euro, and then promptly be allowed to inflate the debt away. Nominal wages would go up, asset prices would go up and the debt would get proportionally smaller, and easily paid.

Wed, 06/15/2011 - 19:18 | 1373005 Thomas
Thomas's picture

I believe that they are trying to pull off a default in such a way that it technically isn't a default, which would trigger an AIG-like payout of all sorts of CDSs. I am suspecting they will call it something simple (like a "banana") and declare no default occurred. Of course, the Wall St. brokerages tried to do this on Bury, Eisman, Paulson, et al. and eventually the banana started to look a lot like a default. 

Wed, 06/15/2011 - 19:21 | 1373016 kito
kito's picture

is this jim rogers?

Wed, 06/15/2011 - 19:17 | 1373013 SilverDoctors
SilverDoctors's picture

US Mint Official Tells CNBC "Fort Knox is a Closed Facility" !!!

This should make Ron Paul's audit easier!


Wed, 06/15/2011 - 19:28 | 1373028 baby_BLYTHE
baby_BLYTHE's picture

It is completely disgusting what the IMF and the international banking cartel is attempting to impose on Greece- a Western nation where modern democratic civilization traces many of its roots.

This crisis is reallyjust a "fake" and "engineered" just like the Flash Crash. Yes, they have been living well beyond their means. But the austerity measures being proposed are absolutely ridiculous (Selling off their land, WTF!)

Like ZH supports, impose a Wallstreet sales tax (Tobin Tax). Make them pay for the worldwide depression they created!

Wed, 06/15/2011 - 20:31 | 1373151 AmCockerSpaniel
AmCockerSpaniel's picture

Both sides of his got together and stuck it to the people. Those loans were made to to make money off the peoples backs. It was a crime.

Wed, 06/15/2011 - 22:26 | 1373239 baby_BLYTHE
baby_BLYTHE's picture

of course they did, without more debt the usurers cannot extract tax revenue from the sheeple.

Nation states have to borrow from private consortiums at interest?! Total joke of the century.

We are truly a 'caputred' populist.

Wed, 06/15/2011 - 23:09 | 1373434 Chump
Chump's picture

Oh please.  As if the Greek population hasn't laid about while feasting on the good times brought on by ever cheaper debt.  Witness these ridiculous protests!  "We want our cake even though we've already eaten it, damnit!"  And now the chickens are officially roosting.  Fuck the Greek government and the fuck the pig-ignorant populace that voted for it.

And furthermore, if nation-states want to spend more money than they are able to extract at gunpoint from "their" citizens, how would you propose they do it?

New avatar is a solid 8.

Thu, 06/16/2011 - 00:16 | 1373548 GoinFawr
GoinFawr's picture

Said the ignorant shitbag ingrate who today blithely made use of about 15 services/infrastructure paid for by generations of taxpayers before him... imagine how much this dickslap would bitch if he had to pay tolls everytime his fat ass rolled onto a new, privately owned piece of roadway. Or how loud his whinging if he had to pay big pharma's double secret patent prices for his insulin because Canada didn't just hand over the recipe out of sheer decency.

Hey you, penis breath: the Greeks trusted their leaders, who promised them that Greece could afford all they were offering (because a certain squiddy bank convinced them, lied or bought them off), then those same underhanded banksters pushed shit along by blowing them up and are now in the process of trying to gouge out any pennies left covering the Greek economy's lifeless eyesockets.

Warning: If you're American, this same shit storm is coming for you fifty-fold, fatty. If you still can manage it: get on your knees and pray to Jebus and while you're down there you can kiss your puffy sack of lard ass goodbye. Speaking of 'feasting': I am really looking forward to the likes of you choking on your own hubris, you pig fucking Rotschild wannabe.

Thu, 06/16/2011 - 00:19 | 1373570 Yen Cross
Yen Cross's picture

  Easy there JUNIOR! I feel your pain.

    Act like an Adult.    Yen Cross (dot)

Thu, 06/16/2011 - 00:31 | 1373588 GoinFawr
GoinFawr's picture

... Guy pissed me off.

Self righteous prick like that makes me wanna change my life mission to privatizing breathable air and sunshine in whatever hick seedsville corner of the world inbreeding spawns coprophagists like him; teach him a fucking lesson right smartly.

Otherwise, yeah, unless there is a (real) war on, paper should be convertible (in some way) so that gov'ts find it far, far more difficult to spend more than their revenues.

Thu, 06/16/2011 - 00:34 | 1373592 Yen Cross
Yen Cross's picture

   Point taken. Just remember you are on the ball, a little more than most. 





Thu, 06/16/2011 - 02:35 | 1373665 topcallingtroll
topcallingtroll's picture

We must protect the people from both governments and banks then.

I don't think it makes someone a rot-child wannabe just because they point out the follies of socialism.

In terms of privatizing things Tennessee has been leading the way.  If you don't pay your fire assessment in certain rural areas then the fire department will let your house burn down, but protect any surrounding property.  The majority of people in the county where this most recently ocurred supported this as a means of controlling the problem of the free rider. 

While it may be a little extreme, socialism always dies because of the free rider phenomenon.  By trying to prevent anyone from ever suffering any harm, enough people take advantage of such a system to kill it eventually.  Your yob problem in the UK (assuming you are British) is actually worsened by such nanny statism.  With unlimited unemployment or welfare benefits why would anyone ever get a job?

Thu, 06/16/2011 - 22:37 | 1374338 GoinFawr
GoinFawr's picture

Would you label Ronald Reagan a 'socialist'?

ANY gov't can be financially imprudent, it's not contingent on their political leaning.

Do you consider Scandinavia 'socialist' Maggie? Despite the social safety net, stellar public education, universal healthcare, their unemployment numbers are staggeringly low, completely contrary to your 'why would anyone want to get a job?' thesis. I guess the whole world doesn't fall into your 'gotta whip 'em into action!' Rotschildean paradigm. Maybe YOUR dream is to sit around all day drinking beer until you die while watching fully grown men in tights squat and squabble over a turd shaped/coloured 'ball' on a life sized screen, but quit trying to project your fantasies onto the rest of us, please. In fact low unemployment is a consequence of Scandinavian mixed economies because, rather than be bored, well-educated people (for the most part) want to keep themselves occupied and subsequently, unlike the deliberately dumbed-down majority in the US, they have more opportunities to choose their line of work, rather than being forced into menial Mcjobs out of economic necessity.

Chump wasn't 'pointing out the problems of socialism', he was blaming a victim for having a drink with a suave rapist; 'sif Greece knew Lloyd had laced her cocktail with roofies, he repeatedly assured her that the mix was AAA rated. Well the buzz is wearing off now, and her nether regions are sore...

Thu, 06/16/2011 - 10:35 | 1374339 GoinFawr
GoinFawr's picture

wtf, I only pressed that once.

Thu, 06/16/2011 - 02:30 | 1373675 topcallingtroll
topcallingtroll's picture

and by the way one more thing.

You sound a little British.  I do know that the Brits are the fourth most leveraged nation in the world in terms of total bank debt, sovereign plus private, right after iceland, ireland, and switzerland.  Google Forbes sovereign debt to gdp levels and you will find a 2008 article that was very prescient in its warnings.  Brits have always had a love hate relationship with America, but what they really hate is us "dumb" hicks have done amazingly well.  If you have ever lived in the USA then you know our average standard of living is much higher.  I can't believe the small crowded houses that people buy in the UK and the over priced electronics as well as the high taxes.  In my profession my income would be cut in half if I worked in the UK and my taxes and expenses would be higher.  It is a wonder that more of your people don't move over to hickville.  You could have a 3100 square foot house with a 33000 gallon pool and a four car carrage for $150,000 euros.  Nice deal, eh?  Plus you pay far less in taxes than in the UK.

You can also carry around your assault rifles in the trunk of your car and go out plinking during your lunch break like me if you are so inclined. what a paradise!

Thu, 06/16/2011 - 12:29 | 1374397 GoinFawr
GoinFawr's picture

Hahaha! 'Amazingly well', that's rich. Maybe if you see 'success' as Jolly Green Giants with guns roaming the world and drowning in blood anyone who has something they covet but haven't developed the resources to protect. Yeah thugs do pretty well when there is no one around willing to stand up to them. In case you hadn't noticed: it's coming back around again.


How is the standard of living in Norway? Sweden?

As for moving to seedsville: thanks, but I don`t think I can adopt the whole `I`m all right so fuck all the rest` ethos, and I lack the aggressively overdeveloped sense of self importance that all you little Lloydensteins emanate.

Thu, 06/16/2011 - 04:40 | 1373736 doggings
doggings's picture

+1 unjunk. dont you just know he's a lardy couch-dweller with no clue it applies to him also. 

Thu, 06/16/2011 - 12:18 | 1374812 GoinFawr
GoinFawr's picture

thanks d.

Thu, 06/16/2011 - 02:05 | 1373661 topcallingtroll
topcallingtroll's picture

While I always enjoy your rants ignorance does not spare a population from suffering from their collective stupidity. 

 While the average greek, american, or any citizen of the world probably qualifies as incredibly stupid financially and easy prey to banks and politicians, the greed of a population voting for the politician who promised to give them something for nothing is not as innocent a behavior as you might indicate by stating "the Greeks trusted their leaders." 

As far as phatties, it appears the Europeans are catching up with the americans if certain stats can be trusted.  Americans have pretty much alway been the trend setters and europeans trend followers, even when they sneered at an american smoke-free coffee shop in France when it first opened.  My have times changed in the French tolerance of cigarettes, ten years behind the americans as usual.   Americanisms are so trendy and scary to reactionary French that they feel the need to ban certain words from being uttered on TV or radio.  The europeans are also ten years behind the Americans in the the phattie epidemic, but they always catch up and there is nothing more frightening or puke promoting than a fat, smelly, unshaven frenchman.

Now for the rest of your rant.  I am not so convinced the same shit storm is heading to America, certainly not fiftyfold the Greek shitstorm.  Our banks are less leveraged and less over concentrated than european banks as was politely pointed out by Ben Bernanke in his latest speech.  

Sovereign debt to GDP ratios and other financial statistics show the europeans to be the trend setters in this area, perhaps the only area they can claim to be way ahead of us!  You assume that we will somehow race ahead of the europeans in terms of total bank leverage, bank concentration, and sovereign debt levels? 




Thu, 06/16/2011 - 11:17 | 1374521 GoinFawr
GoinFawr's picture

tct is so 'evolved'. He wants everyone to Do the Evolution with him.

Thu, 06/16/2011 - 16:20 | 1375709 Chump
Chump's picture

ROFL.  Hit a little close to home there, did I?  Are you a Greek that was promised unsustainable bullshit by mean old politicians and evil bankers?  And now that you've had your cake, you want to eat it?  Sorry, you'll be puking it up, we all will.  We all have blame in this game, and crying about bankers overlooks the fact that all populations wanted something for nothing and thought it would last.  You reap what you sow, and so on.

Now grow the fuck up and learn to communicate coherently.

Fri, 06/17/2011 - 10:50 | 1376302 GoinFawr
GoinFawr's picture

Heh, coming from a hayseed who obviously doesn`t know his ass from a tea towel holder, I`ll take your advice for the plugged obeloi it`s worth. If you find me incoherent I`ll try to rephrase things in terms you can understand,
"Moo. Mooooo..."

Me `puking it up`? MB, but I doubt it. OTOH, a cunning stunning stunt like you who spews vitriol at the victims of fraud rather than the perps: I sure fuckin hope so. In fact, by the way you denigrate instead of praising those with the will and heart to protest a crime that you admit will eventually affect even a domeless wonderboy like yourself I'd say you're in the bag already, punk.

So enjoy your FEMA camp, sucker, eventually even a plank as thick as you'll figure out where to keep your valuables.

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