Guest Post: ESFS - Has Europe Finally Discovered Alchemy

Tyler Durden's picture

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SheepDog-One's picture

'Renewed hope' is suddenly sweeping the bankrupt carnage of Europe today! HOORAY! The drunken alley hobos are optimistic and in fine spirits on this fine morn!

Popo's picture

"Renewed Hope"  =  "Shorting Opportunity"

Mr Lennon Hendrix's picture

"Renewed Hope" = "Drinking Opportunity"

snowball777's picture

And it ain't even check day.

Quintus's picture

No, they haven't....but they would like to believe they have.  Press releases will be issued every 5 minutes until the entire world capitulates and accepts their version of events.

Robslob's picture

You can fool some of the people some of the time....

Ahh...screw it...I am sure Goldman will serve up their clients to the debtus maximus offering while taking the other side...

jkruffin's picture

The people have got to be tired of bailing out these same countries every month....no matter what they do, it does not change the facts....this creative economic crap needs to end...put this crap out of its misery....including the US Treasury.

LawsofPhysics's picture

But then there is that little problem with all of these financial fucknuts (who have no idea what real value is or any skills to actually create real value) finding jobs.  Hence, the stalling.

Peter K's picture

Can't they just go the Goldman and get a AAA wrap?

hound dog vigilante's picture

 

Literally a poor man's Fed... printing their own IOUs.

 

jkruffin's picture

EU warning of economic collapse if Greece summit fails.  Where have we heard this line before?  Aw, only every week for the last 3 years.  No matter what they try, it all amounts to a hill of beans....they are all insolvent along with US banks and the Treserve.

Clueless Economist's picture

..but...but this time they mean it...really

jkruffin's picture

EU warning of economic collapse if Greece summit fails.  Where have we heard this line before?  Aw, only every week for the last 3 years.  No matter what they try, it all amounts to a hill of beans....they are all insolvent along with US banks and the Treserve.

Scisco's picture

I saw a post of 4chan of all places that I do believe summarizes this logic very well.

How to make 12 year old Scotch:

1) Obtain 3 bottles of 4 year old Scotch from different distilleries.

2) Mix bottles in equal parts into one large bottle.

3) Enjoy

IQ 145's picture

 he, he. yeah, very good.

Sudden Debt's picture

They can say whatever they want.

I don't expect them to say: GET YOUR MONEY OUT! THE EU IS DOOMED!

Nop.

The politicians will get their money out for sure.

The bankers and elite will also.

And suddenly, somehting nobody saw comming. It will be over.

 

IQ 145's picture

 Yeah; they're in a difficult situation; the one they created themselves. There's a very old saying in English that I like, "if wishes were horses, then beggars would ride".

narnia's picture

in an alchemist's world, gold & silver would be as valuable as sand & salt water and it would get old being young.  

Version 7's picture

There's no direction in the EU. Current politicians are plain terrible, they keep applying the old solutions to new problems, and basically spend their time going around from meeting to conference and from place to site, just to see how the markets 'react'. This game will be played over and over until the can hits the wall and (they hope), most importantly are no longer in power.

jkruffin's picture

OT but IMPORTANT!!

 

US reports a US drone was shot down over Iran....all those warships in the area might be getting busy soon........There is going to be an escalation boys........

jkruffin's picture

Shot down over Nuclear Facility......oh Nelly....

Mr Lennon Hendrix's picture

You report well, JK, but do you have a link?

jkruffin's picture

It's all over the place  yazoo, msnbc, etc...

Mr Lennon Hendrix's picture

Sorry [rubs eyes] still waking up.

Version 7's picture

No big deal. The Kursk was torpedoed by an american sub and the incident was handled. Clashes between military/espionage happen all the time and are dealt accordingly. Not a false flag - yet.

Sudden Debt's picture

Actually, flying a drone over a country where your not a war with yet, is a act of war.

I might not sound bad but consider that China buys a lot of oil from Iran and is thus a ally.

Let's not forget Mr. buddha from Tibet who visited Obumble and the rest of the shit and you've got yourself a mayor incident.

 

snowball777's picture

Unless it's Pakistan...or someone else on the payroll.

Version 7's picture

consider that China buys a lot of oil from Iran

China has agreements with Iran for the supply of oil (as with many other countries), that's why I don't think a war with Iran is on the cards or is a problem that can be solved with the usual american pragmatism, ie 'if they have oil and we don't we gotta go there and get it'.

spear-x's picture

Israel will likely start it. US will follow in tow.

Alliances are now being strengthened.

The war machine is accelerating.

HITMAN56's picture

and I heard as it were a the noise of thunder...one of the 4 beasts saying come and see and I saw...and behold a white horse....

snowball777's picture

and i read a book....and quoted it everywhere....regardless of how tenuous the connection...

Boxed Merlot's picture

Even the rating agencies must be scratching their head wondering how to let AA entities guarantee themselves and still provide a AAA rating...

 

MBS revisited.  "Ownership / possession" is as much a conjured sentiment as fiat currency or sovereign debt instruments.  Now that the rule of law and universally accepted objective points of reference are set aside, dis-integration follows.

 

Tower of Babel, diaspora, olly-olly oxen free. 

Central Wanker's picture

The ratings of US rating agencies don't matter in Europe. We european geniuses just decided so.

We think that we rock. That matters!

 

css1971's picture

We do rock! Queen were British. They ROCKED! The Queen IS British!

 

We will rock you all.

 

snowball777's picture

Never fails to make me laugh when I watch a US sporting event where thousands of homophobic Americans are singing along with Freddie.

css1971's picture

Self-Guarantees

What could possibly go wrong? We have politicians and moneylenders telling us this will work. Who am I to question?

oogs66's picture

anyone else remember the simpson's episode where homer's brother lets him design a car?  the car has EVERYTHING! and bankrupts the brother

 

 

slewie the pi-rat's picture

i was reading down the string, my thoughts:  maybe we could use bob hope in a pith helmet, here... 

Non Passaran's picture

From the site's T&C's

>By clicking "I agree " below, you represent that you are not physically present in the United States of America.

What the heck is that about?

dracos_ghost's picture

They've become their own grandpa ( debt-wise)

 

http://www.youtube.com/watch?v=eYlJH81dSiw

Reptil's picture

yes, they did (discover alchemy).

dissolve two pints of CS gas in one ounce of feta cheese, let simmer for one month, then add 3 pints of fresh Italian banker spit and stir well with french wine vinegar from the finest halls of political Paris, add some stale irish beer to taste and top it off with some nice rich german pig fat. it's not gold but it certainly looks like it if you squint your eyes.

brent1023's picture

Is the AA for countries? If so, then provided the country - politicians and people - understand they have a problem, understand what the problem is, want to change then it could work.

Yeah, that't not going to happen.

Edward Fiatski's picture

Paper2Gold is much more profitable than Lead2Gold. :) Stacking that Au for the AnnUnaki, bitchez.