Head Of Eurogroup Admits To Lying About "Secret Greek Meeting" Out Of Fears For Market Collapse - "When It Becomes Serious, You Have To Lie"

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Mon, 05/09/2011 - 13:52 | 1256152 Sudden Debt
Sudden Debt's picture

THE Gods lied to us???.....

Mon, 05/09/2011 - 14:04 | 1256218 Ahmeexnal
Ahmeexnal's picture

And the eurosheeple keep marching to the tune of the piper.

Off the cliff you go eurosheepie, off you go. YOU CAN FLY!!! BAT YOUR ARMS AND LEGS!!



Mon, 05/09/2011 - 14:14 | 1256236 TruthInSunshine
TruthInSunshine's picture

An Illuminati blew his own head off on Saturday -

Todesdrama im Luxus-Chalet: Sachs wollte lieber sterben als vergessen

Opel Descendant And Playboy Ends His Life

His mother’s father was Wilhelm von Opel, son of the Opel founder Adam Opel. His father’s father was the enemy of the fixies: He invented the freehub. His company was a major supplier of auto parts. But that’s not how the world remembers Gunther Sachs, who shot himself on Saturday in his house in Gstaad, Switzerland.


 Translate this page

Mon, 05/09/2011 - 14:30 | 1256306 Ahmeexnal
Ahmeexnal's picture

If the europoliticians have also lied to China, my guess is the honeymoon is about to end.

Mon, 05/09/2011 - 15:05 | 1256439 steveo
steveo's picture

Why do you say Illuminati?

Mon, 05/09/2011 - 15:38 | 1256594 infotechsailor
infotechsailor's picture

he was dying of alzheimers and worried about looking like a fool. i mean, what is the alternative? 


either case, wouldnt say this is relevant.

Mon, 05/09/2011 - 15:55 | 1256649 jus_lite_reading
jus_lite_reading's picture

Yes! He said that on May fourth.... You can find it here


He said, you have to lie....

Mon, 05/09/2011 - 16:32 | 1256777 macholatte
macholatte's picture


They say that Richard Cory owns one half of this whole town,
With political connections to spread his wealth around.
Born into society, a banker's only child,
He had everything a man could want: power, grace, and style.

But I work in his factory
And I curse the life I'm living
And I curse my poverty
And I wish that I could be,
Oh, I wish that I could be,
Oh, I wish that I could be
Richard Cory.

The papers print his picture almost everywhere he goes:
Richard Cory at the opera, Richard Cory at a show.
And the rumor of his parties and the orgies on his yacht!
Oh, he surely must be happy with everything he's got.

But I work in his factory
And I curse the life I'm living
And I curse my poverty
And I wish that I could be,
Oh, I wish that I could be,
Oh, I wish that I could be
Richard Cory.

He freely gave to charity, he had the common touch,
And they were grateful for his patronage and thanked him very much,
So my mind was filled with wonder when the evening headlines read:
"Richard Cory went home last night and put a bullet through his head."

--- Richard Cory by Simon & Garfunkel

Mon, 05/09/2011 - 14:12 | 1256241 Sudden Debt
Sudden Debt's picture

:) +10

Mon, 05/09/2011 - 15:04 | 1256445 Zero Debt
Zero Debt's picture

Pssst..Trichet..don't want to spoil the party but we need some wool for the winter too.

Mon, 05/09/2011 - 14:43 | 1256363 trav7777
trav7777's picture

it's not lying if nobody believes it anyway

Mon, 05/09/2011 - 14:51 | 1256382 DaveyJones
DaveyJones's picture

like noise I guess. If nobody hears it. Perhaps I could use this argument in court. Your honor, I know my client lied and forged that document but "when it becomes serious, you have to lie." What do you think? A jury will love that too.   

Tue, 05/10/2011 - 03:46 | 1258293 uhb
uhb's picture

SFG! +10000.

Mon, 05/09/2011 - 15:25 | 1256528 Blano
Blano's picture

"And there you have it: the Eurozone itself now admits that it will sacrifice credibility at the expense of a few FX pips and a few basis points in the ES. Everything else is smoke and mirrors."

This is news???

Mon, 05/09/2011 - 15:52 | 1256631 topcallingtroll
topcallingtroll's picture

That they would do it for a few basis points is indeed incredible news.

Mon, 05/09/2011 - 16:00 | 1256684 edotabin
edotabin's picture

What? No prosecutors looking into this?

Mon, 05/09/2011 - 16:03 | 1256696 Ferrari
Ferrari's picture

My understanding is that banking & government are serious business, so by this new declaration I deduce that bank & government officials are almost always lying. Before our xenophobia gets too out of hand, we should consider that at least this swine admits to lying, whereas the swine who run our public affairs would never be honest enough to admit that they lie.

Mon, 05/09/2011 - 13:53 | 1256156 Quintus
Quintus's picture

Politician Lies - Shock!

Mon, 05/09/2011 - 14:05 | 1256219 Cleanclog
Cleanclog's picture

And MSM lies.  Cuz the truth ain't patriotic.  It is patriotic to lie, if it means people consume and drive growth and capitalism.  Same for currency preservation and bond haircuts. The truth is damn inconvenient if it gets in the way of a good story/sham. Sigh.

Mon, 05/09/2011 - 14:53 | 1256385 DaveyJones
DaveyJones's picture

let's see it's patriotic to lie, steal, torture, murder...what have we left out? Oh yes, never to question. 

Mon, 05/09/2011 - 14:08 | 1256229 Real Estate Geek
Real Estate Geek's picture

various quoted authoritarians



Mon, 05/09/2011 - 13:53 | 1256157 Cdad
Cdad's picture

Hmmmm?  Why ever would a central banking figure worry about a market collapse?

Mon, 05/09/2011 - 13:57 | 1256178 Sudden Debt
Sudden Debt's picture

THE wife's portfolio That hasn't be liquidated yet.

Mon, 05/09/2011 - 15:41 | 1256607 SheepDog-One
SheepDog-One's picture

The Onion has nothing on these guys! 'When asked if such news of blatant lying would undermine confidence in markets, Mr Eurodude laments theres no confidence anyway, so no admissions of lying will not undermine confidence'

Priceless shit here!

Mon, 05/09/2011 - 15:56 | 1256654 topcallingtroll
topcallingtroll's picture

Mr. Eurodude is correct that he has no credibility.

The best way to regain credibility is to admit you have none!

Mon, 05/09/2011 - 14:48 | 1256163 hedgeless_horseman
hedgeless_horseman's picture

May it be that Mr. Juncker and his wife received the gift of fertility and many, many, teenage daughters and grand daughters.

“There was a very good reason to deny that the rendez vous was taking place.” It was, Miss Juncker said, “self-preservation.”


Miss Juncker says she has “had to lie” and, speaking about touchy personal topics, “When it becomes serious, you have to lie.”


“Mohammad and I had certain necessities to consider,” said Miss Juncker.

Mon, 05/09/2011 - 13:55 | 1256165 TruthInSunshine
TruthInSunshine's picture

Q:     How do you know when The Bernank (aka Shakey McShakester) is lying?

A:     His lips are quivering.

Mon, 05/09/2011 - 13:58 | 1256181 Sudden Debt
Sudden Debt's picture

B: hè shows up on television

Mon, 05/09/2011 - 14:04 | 1256195 Cdad
Cdad's picture

Brother Truth,

What seems to be quivering most today are momentum stocks.  Perilous...the thread there is definitely fraying...

The ETF/Stock arb trade is reporting smoke in the cockpit.

Mon, 05/09/2011 - 14:44 | 1256360 TruthInSunshine
TruthInSunshine's picture

All the self-professed chess grandmasters are getting the board in order right now, or so they think.

“The best plans of men and mice often go awry”


-- Robert Burns

Mon, 05/09/2011 - 13:56 | 1256167 JR
JR's picture

Why is telling the truth now?  Is he on his death bed?

Mon, 05/09/2011 - 14:41 | 1256359 nonclaim
nonclaim's picture

By the Euro's death bed, for certain. It may take a while but he doesn't want to take the risk and is preparing everyone by clearly saying: everything is ok and sometimes we lie.

Mon, 05/09/2011 - 13:58 | 1256169 hugovanderbubble
hugovanderbubble's picture

watch out volatility next hours...

Mon, 05/09/2011 - 13:56 | 1256172 LawsofPhysics
LawsofPhysics's picture

Well that's another shocker that will be (temporarily) good for my dollars.

Mon, 05/09/2011 - 13:59 | 1256173 Missiondweller
Missiondweller's picture

Wait, bankers lie???????

Mon, 05/09/2011 - 14:02 | 1256207 JR
JR's picture

“When it becomes serious, you have to lie.” Like Now!

...You can’t make this stuff up.

How can a public official actually say, “You have to lie”?  Why then would you even want him to answer a question?

Mon, 05/09/2011 - 14:02 | 1256184 silvertrain
silvertrain's picture

Does this mean the Steve Liesman is also lying to me??

Mon, 05/09/2011 - 14:10 | 1256242 nope-1004
nope-1004's picture

Ignorance is bliss.


Mon, 05/09/2011 - 14:16 | 1256256 Atomizer
Atomizer's picture

Steve Sleazman reported earlier.




Mon, 05/09/2011 - 14:19 | 1256272 silvertrain
silvertrain's picture

That dude is funny..

Mon, 05/09/2011 - 15:19 | 1256496 Calculated_Risk
Calculated_Risk's picture

I can't stand that fucking propaganda channel!!!

Check this out.. accross the bottom it has the headline...

"Silver Loses It's Shine"

Meanwhile the guest goes on to say how the ETF's are a fraud, and only a fraction

of what is traded exists. And that the industrial demand alone will cause Silver to sky rocket..



Then, they have the commodities bitch come on, and say "there was NO REASON AT ALL FOR SILVER TO GO UP THE WAY IT DID. THE FUNDAMENTALS DON'T SUPPORT IT!!!"

REALLY?! The nimrods JUST had a guy on that VERY LOGICALLY explained how the FUNDAMENTALS could skyrocket the price!!!!!


CNBC is a fucking joke!!! I hope their world comes crashing down in a big fucking flaming shit pile. And if ANY one of those fuckers has gold, silver or anyother precious metals, they are robbed of them. Then crucified with silver nails, and the pictures of their crucifixion made into posters and strung up along every government building. To remind everyone for eternity what happens when you lie, cheat, and steal from the people that work, produce, and innovate, to make this country great.


Mon, 05/09/2011 - 15:33 | 1256574 SheepDog-One
SheepDog-One's picture

CNBC is nothing but a fucking joke parading whores for Wall St in plunged v necks and high skirts to keep the 401K bathrobe brigades placated at home a bit longer.

Mon, 05/09/2011 - 15:55 | 1256668 topcallingtroll
topcallingtroll's picture

Nice rant!

Do you feel better now?

Mon, 05/09/2011 - 14:02 | 1256185 Franken_Stein
Franken_Stein's picture


Shouldn't an imminent exit of Greece send the Euro higher ?

Since the remaining Eurozone countries would be stronger without the bottomless pit ?


Why then did the Euro fall ?

They will never give the Euro up entirely.


The better solution would be a 2-tier system, comprising a strong Northern Euro and a weak Southern Euro.

It would also reduce costs for exchanging all the pricing labels.


So we would need 2 ECBs or at least 2 sub-departments at the ECB in Frankfurt.

Interesting times ahead.


And yes, someone is gonna get raped in the process.

The banks. The banks ?

A-hahahahaha, that was a good one.


Mon, 05/09/2011 - 14:07 | 1256225 pazmaker
pazmaker's picture

I think the fear is the dominoe effect.  Greece then Portugal, Ireland, Spain, Italy...where does it stop? The two tier Euro defeats the whole purpose of one currency for the Euro region in my humble opinion and would cause more problems rather then solutions.


Mon, 05/09/2011 - 14:07 | 1256227 Cdad
Cdad's picture

Why then did the Euro fall ?

Goldman said so.

Mon, 05/09/2011 - 15:44 | 1256616 oogs66
oogs66's picture

As soon as they create a strong northern euro and a weak southern euro I will be balls long the weak one. 

Mon, 05/09/2011 - 14:00 | 1256190 Buckaroo Banzai
Buckaroo Banzai's picture

They don't even bother to hide the lies anymore-- Obama birth certificate, Bin Laden "assassination", and now this. Either they are falling apart, or their arrogance has swelled to unfathomable proportions.

I'm not entirely sure which is worse.

Mon, 05/09/2011 - 14:17 | 1256265 centerline
centerline's picture


Do NOT follow this link or you will be banned from the site!