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the first thing this makes me think of , is germany. if i was a german i would break out my steel pants and grow eyes in the back of my head......
Just a minute.. There is a theory out there that the US wants to financially break and then plunder Europe. Then after that the US defaults and blames the EU..
How about that? Maybe that's why China is buying Porto Bonds.
Or is it that China and the US are dividing the world pie into two? By engaging in financial war. Come guys start thinking like they do.
Okay...I am not into numerology.. but that thread shows lots of creative thinking.
Actually, it's not really about numerology so much. Oh Regional Indian is like a seer who gets "signs" but he either doesn't like to put things together or he simply leaves it to me to do it.
He points out some pretty amazing signs, as he says and I can extrapolate them into the dynamic I understand as the Western world since before World War Two. Of course, these ideas sound insane but, as Mr. Spock said, "My cousin from long ago had a saying: once you eliminate the impossible, whatever remains, no matter how improbable, must be the truth."
These creative ideas are the only ones remaining, I am afraid.
THE FEDERAL RESERVE IS THE ROOT OF ALL EVIL!
WHY IS THIS NOT THE #1 BUMPER STICKER IN AMERICA?
WHY IS THIS NOT ZERO HEDGE'S MOTTO?
Because if Zerohedge was mainly interested in the FED, their name would have to be
but Zerohedge is bigger then that.
Orly, for your insights ...
Sounds like promiscuous debt.
I think that they will just entangle everybody so much deep into debt that people will accept ANY new financial scheme just to start fresh out of debt.
A big reset must be coming.
The Elites do have that in mind. They feel justified in doing so, balanced as they are against the other players in the game. They think it is for our own good that they subjugate us, and see no reason to turn back until they succeed , or lose all.
An interesting conversation between East and West begun here.
Summarised with a conservative spin here.
Thanks for the links. there was an interesting assertion of Mr Dugin's which I copy/pasted here
In Dugin's view America is the champion of a hyper-materialistic ethic, based on radical individualism. It is subversive of traditional human values. As an empire of "frenetic consumption,"
Funny, the most extreme hyper materialistic ethic circulating in Western Europe is Russian by nationality and outstrips by a country mile anything its materialistic/hedonistic US counterpart can rustle up.
Hey Europeans and Germans. Asia is slowing down (re:WSJ report), now they just have to sneeze to knock out your growth markets. Not only is Greece going into a hellish stagflation, but the German taxpayers are going to suffer heavily i.e strong EUR and oil price.
The UK and Switzerland are looking pretty clever for staying out of Euro.
The UK and Switzerland are already owned.
Haven't you noticed the centres of finance?
don't forget Sweden.
I'm not sure I've seen a better article on the subject than this one. Very impressive bitchez!
Agreed 100%. Concise and without hyperbole- just telling it like it is.
I was thinking that myself, this article deserves top of page position on ZH - one of the very best (but a bit of the Ron Paul effect - good message but the delivery - see his site for more)
his writing reminds me of Jim Quinn over at Lew Rockwell
Where does Gordon T Long get off putting "never ending Corniche housing villas in Spain and Portugal, embarrassing pensions and social benefits in Greece, ... unjustifiable and hidden local government spending in Italy." with "tax advantages for off shoring"?
Can he not see the difference between:
1) looting some and giving the loot to others
2) not taking as much loot?
Well...."he is part of the Madelbrot set"--a wild bunch so I hear. "They got off on all sorts of things"
An old ZH (blog) contributor has some insightful thoughts. Take the time to review.
Concentration, Manipulation and Margin Calls
Periodically, I'll post Steve Keen's debt watch link from downunder. Keep your eyes peeled.
Prof Steve Keen YouTube Channel in business again
Hope this helps you see things full circle.
thanks for posting that link, LB is one of the greatest in the blogosphere but became flakey when he got a day job (flakey as in erratic posting i.e. this is his first post in 6 weeks) but it's worth the wait - thanks again
Your welcome. I was just a reader on the old zerohedge blog site. LB was always one of my favorite posters.
TD, could you cover that first link? Lots of info that puts the financial crash in a very different perspective in there.
'Gold is the Money of Kings, Silver the Money of Merchants and Debt the Money of Slaves'..... There can be only one KING, and with a small merchantilist class. The rest will beg to be debters.
This is why the Farmer was the center of civilization.The citizen soldier.Why a Republic was formed giving rights to the Freedman.
We all hear the squealing of stuck PIIGS.
Maybe their only hope of escaping enslavement is to go all wild boar over the financiers.
Oh, and the original version of that idiom I found to be:
Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.
Money and Wealth in the New Millennium, by Norm Franz, copyright © 2001, Whitestonepress, page 154.
To squeals of the PIIGS, you need the ears of a butcher.
EURUSD sez the EU hasn't hit a wall hard enough.
Suppose it's just 'transitory'.
Edit: Ooops, Rosanne Rosannadanna. Never mind.
You forgot to calculate in that the Australiam economy contracted by 1.2%, silly. The Euro and the Aussie dollar popped on the news...
Any foreigner stupid enough to buy greek assets will be taxed and regulated to bankruptcy. Then the greeks will get it back.
NICE observation there top!
Rynak, Sudden Debt and top are invited to send me a gmail to look at my blog. I am interested in the fate of Europe (we have visited numerous times), but I am not an expert like Rynak and Sudden Debt. Everyone else invited too, as long as you tell me you will play nice.
top, I just want you in on the fun! "110 ZH-ers can't be wrong."
You want the crazy potato? Kewl.
I don't know what is so "brilliant" about assuming that a bunch of "peasants" will always pay the debt, no matter how high, no matter how painfull.
As i see it, it simply is a bet on poverty and slavedom NOT resulting in revolution. It is a bet on centralized ownership winning over decentralized anger. In principle, it precisely is FORCING revolution, and hoping that the target of that revolution, can defend itself against the masses. How often has THAT worked in history?
It only has worked, for 3rd world countries, where the centralized power interests were backed by a majority of 1st world countries. What happens if you try the same among 1st world countries?
Short version: This is not "brilliant" - it is totally stupid.... it is a conscious bet on winning a war against 1st world country populations.... not gonna work. You have just overestimated your leverage..... better get back to enslaving 3rd world countries.
No. This is brilliant. Because the masses will never revolt.
I'm ready to sign a contract where I promise to pay you 2 kilograms of gold if there is a significant anti-bankers, anti-power elite revolution in a first-world country before 2050.
They are already revolting. Junked for fun. Not expecting any gold in case the bet goes my way.
Again, the way you keep peasants in check, is to ENSURE their survival and non-poverty. You keep them in check by NOT pissing them off the the point where individual survival is threatened. You keep them as slaves, NOT dead people! Once you ensure that people have nothing left to lose, you lose. You keep them in check with bread and games - fail on any of both, and you're toast.
The question is whether the revolt will ever amount to anything more than banging on pots and pans. This will not stop until Brussels is knee-deep in the severed heads of eurocrats and bankers. I'm not sure that will happen before the masses have been turned into permanent peasants, stripped of the will to rise up. Remember that the European feudal system persisted for 600 years or so without any serious problems for the elite - apart from some insignificant revolts. I see no reason why a new system of debt-feudalism couldn't persist for a long time. The masses have no clue what's going on. There's only an isolated group that reads stuff like Zerohedge. The mainstream media NEVER tells people what's going on. That has become the main purpose of the media it seems; to put the masses to sleep while neofeudalism is instituted through the abolition of the nation state and personal freedom - and the total stripping of people's assets, both public and private.
I'm not sure I would bet against Hamy there - but one can always hope.
While i do not consider it impossible that it will work, from what i have seen so far, banksters simply have become too greedy. So, i do consider it probable that at least one central EU country will not play according to the supposed rules, simply because the demands will be too high. And it takes only one central EU country to start the forest fire.
As i said, i wouldn't say "impossible", but from what i have seen until now, my intuition says "odds stacked against th EU becoming a supernation".
What most fail to comprehend is the fact that the power elite are also dental hygienists highly concerned about the sheeple's teeth.
That's why the fluoridation in potable drinking water has been increased in most of the eurozone. That's why the sheeple will welcome slavedom calm as hindu cows.
I'll see your 2 and raise you 2 and extend the time to the next century - the masses are sound asleep and if or when they awake they will be in digitized shackles (as will most of us)
it's a slow march, generation by generation mentally sterilized to accept the new reality, each itteration a slight abberation. any shock will be mitigated, and quickly explained away to those whose "education" was in the first placed carefully handled.
i'm always saddened to admit that the majority will never understand that the freedom to choose beyond reebok or nike isn't what is meant by "freedom".
humans are easily manipulated once they hold a common understanding of reality, breaking that common understanding destroys the capacity to control.
Very astutely observed, Rynak.
Europe is auto-colonizing, ie, cannibalizing its own.
Excellent analysis, Gordon!
Yeah, Outstanding article.
To Think - Two World Wars, tens of millions killed or displaced, Billions spent and massive amounts of finite real resources used up.
And all it takes is bankers with access to paper, a printer and knowledge of human greed to take a country down.
Weapons of mindless destruction.
Top article - thank you
proving once again that the pen (or now binary code) is mightier than the sword.
"And all it takes is bankers with access to paper, a printer and knowledge of human greed to take a country down. "
Let me rephrase that for you.
And all it takes is bankers and lampposts. Sooner or later it is going to happen.
You might think that that is a pipe dream.
Or is it?
Feb. 24 2010 Sultans of Swap was brilliant imo. I have some catching up to do.
The markets are acting really weird (Asia) just saying...something is up. Worst GDP (Aussie) for 20yrs, China PMI 50% = slowdown, Korea PMI = slowdown.
Just strange trading going on...
Anyone else seeingg this?
Yes - forseen and waited for.
World Wide downturn baked in.
Who's going to save you?
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