Guest Post: ESFS - Has Europe Finally Discovered Alchemy

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Wed, 07/20/2011 - 09:47 | 1473446 SheepDog-One
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'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!

Wed, 07/20/2011 - 09:51 | 1473459 Popo
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"Renewed Hope"  =  "Shorting Opportunity"

Wed, 07/20/2011 - 10:13 | 1473528 Mr Lennon Hendrix
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"Renewed Hope" = "Drinking Opportunity"

Wed, 07/20/2011 - 10:22 | 1473561 snowball777
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And it ain't even check day.

Wed, 07/20/2011 - 09:48 | 1473451 Quintus
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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.

Wed, 07/20/2011 - 09:48 | 1473452 Robslob
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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...

Wed, 07/20/2011 - 09:51 | 1473458 jkruffin
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The people have got to be tired of bailing out these same countries every 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.

Wed, 07/20/2011 - 12:27 | 1474148 LawsofPhysics
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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.

Wed, 07/20/2011 - 09:51 | 1473460 Peter K
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Can't they just go the Goldman and get a AAA wrap?

Wed, 07/20/2011 - 09:51 | 1473461 hound dog vigilante
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Literally a poor man's Fed... printing their own IOUs.


Wed, 07/20/2011 - 09:53 | 1473466 jkruffin
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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.

Wed, 07/20/2011 - 10:12 | 1473525 Clueless Economist
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..but...but this time they mean it...really

Wed, 07/20/2011 - 09:54 | 1473472 jkruffin
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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.

Wed, 07/20/2011 - 09:58 | 1473490 Scisco
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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

Wed, 07/20/2011 - 12:28 | 1474157 IQ 145
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 he, he. yeah, very good.

Wed, 07/20/2011 - 09:59 | 1473492 Sudden Debt
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They can say whatever they want.

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


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.


Wed, 07/20/2011 - 12:33 | 1474178 IQ 145
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 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".

Wed, 07/20/2011 - 09:59 | 1473496 narnia
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in an alchemist's world, gold & silver would be as valuable as sand & salt water and it would get old being young.  

Wed, 07/20/2011 - 10:47 | 1473498 Version 7
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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.

Wed, 07/20/2011 - 10:00 | 1473502 texpat
Wed, 07/20/2011 - 10:04 | 1473505 jkruffin
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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........

Wed, 07/20/2011 - 10:10 | 1473520 jkruffin
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Shot down over Nuclear Facility......oh Nelly....

Wed, 07/20/2011 - 10:20 | 1473553 Mr Lennon Hendrix
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You report well, JK, but do you have a link?

Wed, 07/20/2011 - 10:28 | 1473582 jkruffin
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It's all over the place  yazoo, msnbc, etc...

Wed, 07/20/2011 - 10:39 | 1473623 Mr Lennon Hendrix
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Sorry [rubs eyes] still waking up.

Wed, 07/20/2011 - 10:11 | 1473521 Version 7
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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.

Wed, 07/20/2011 - 10:23 | 1473567 Sudden Debt
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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.


Wed, 07/20/2011 - 10:25 | 1473570 snowball777
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Unless it's Pakistan...or someone else on the payroll.

Wed, 07/20/2011 - 10:36 | 1473593 Version 7
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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'.

Wed, 07/20/2011 - 11:35 | 1473878 spear-x
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Israel will likely start it. US will follow in tow.

Alliances are now being strengthened.

The war machine is accelerating.

Wed, 07/20/2011 - 10:04 | 1473506 HITMAN56
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and I heard as it were a the noise of of the 4 beasts saying come and see and I saw...and behold a white horse....

Wed, 07/20/2011 - 10:26 | 1473574 snowball777
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and i read a book....and quoted it everywhere....regardless of how tenuous the connection...

Wed, 07/20/2011 - 10:16 | 1473540 Boxed Merlot
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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. 

Wed, 07/20/2011 - 10:26 | 1473572 Central Wanker
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The ratings of US rating agencies don't matter in Europe. We european geniuses just decided so.

We think that we rock. That matters!


Wed, 07/20/2011 - 10:31 | 1473592 css1971
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We do rock! Queen were British. They ROCKED! The Queen IS British!


We will rock you all.


Wed, 07/20/2011 - 10:43 | 1473633 snowball777
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Never fails to make me laugh when I watch a US sporting event where thousands of homophobic Americans are singing along with Freddie.

Wed, 07/20/2011 - 10:28 | 1473585 css1971
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What could possibly go wrong? We have politicians and moneylenders telling us this will work. Who am I to question?

Wed, 07/20/2011 - 10:39 | 1473619 oogs66
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anyone else remember the simpson's episode where homer's brother lets him design a car?  the car has EVERYTHING! and bankrupts the brother



Wed, 07/20/2011 - 11:36 | 1473881 slewie the pi-rat
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i was reading down the string, my thoughts:  maybe we could use bob hope in a pith helmet, here... 

Wed, 07/20/2011 - 10:46 | 1473643 Non Passaran
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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?

Wed, 07/20/2011 - 11:01 | 1473725 dracos_ghost
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They've become their own grandpa ( debt-wise)

Wed, 07/20/2011 - 11:28 | 1473835 Reptil
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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.

Wed, 07/20/2011 - 14:03 | 1474468 brent1023
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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.

Wed, 07/20/2011 - 17:11 | 1475226 Edward Fiatski
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Paper2Gold is much more profitable than Lead2Gold. :) Stacking that Au for the AnnUnaki, bitchez.

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