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Here Is Your Chance To Own Europe's Hottest Real Estate Property: $900 Billion Or Best Offer
Perhaps one or more of Goldman 500+ brand new partners will be interested in spending some of that middle class "wealth effect" and acquiring the latest ultra hot European property that has just come to market. Better bid fast: this one won't be around too long.
h/t Eric
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Fabulous!
You can buy Santorini for $1 billion with all the real estate on it and all the Skandinavian chicks included
My check's in the mail.
I think I'd like to be known as the Dogue of Santorini. One of my old girl friends liked that as a term of endearment... maybe because poon hound didn't quite cover it... better quit while I'm behind.
Done!
Wait, you take Zimbabwe dollars.. right?
At least they won't be totally worthless.
After 80 years, you can buy one of these for 4 euro a piece!!!
http://images-04.delcampe-static.net/img_large/auction/000/109/311/363_001.jpg?v=1
Fuck the Greek islands and their penchant for bounced checks and insatiable thirst for child/man love. If someone was smart, like, real smart, they'd take Ireland up on this offer and turn it into the world's largest gated community. Think Isle of Mann, but without Jeremy Clarkson and Nigel Mansell out in the open buggering each other all the time.
Will they take $500 down on a land contract??
Hey, we could all go in on this one and start a ZH enclave.
Can I vote peope OFF the Island to?
PUT ME IN FOR 5 INCH² OF ZEROLAND!!
... do you have paypal?
THIS IS ACTUALLY VERY COOL TO CHECK OUT!
http://zeroland.com/
"Hey, we could all go in on this one and start a ZH enclave."
Let me know if you get it. I want to be the head of your TSA, give you all a nice thorough pat-down so I can find your Oxy's and hidden gold. Your choices will be to get the pat-down or get my special 'flu' shot.
I also want to be your Central Unintelligent Agency. If you dare to start a ZH-like blog I'm going to get you with my heart attack gun.
http://www.youtube.com/watch?v=tzIw44w00ow
Some fool junked my raggedy ass. Go figger.
Sorry....Chris Dodd , former crook Sen. from Ct..has already purchased the rights
I might be interested, but how much are the RE taxes?
There is an issue with an old easment on the property's north side you may want to know about.
LOL
good lawyer/title joke.
Another impressive save by the bulls today.
Easy to do when the fed gives you a few billion to lever up.
1230 SPX by the close Wednesday. No way this market will be allowed to fall. How many times in just the last month has the market been down over 100 Dow points early in the day and recovered almost all the losses or even finished green. Just buy all dips, almost too easy to make money following that script.
watch the EUR-USD. that will likely lead the stock market. given past post-bailout performance (Greece, TARP, even QE2) we usually see 1 green day, then selling pressure immediately afterward.
the Ireland bailout last night boosted futures but it didn't even last one day as Europe sold the entire day. the US stick save today went against all data i can find; oil and other commodities down, Euro down/USD up, treasury yields down. on any other day, these correlations would've meant a down stock market.
what happened? tech stocks went crazy today, and commodities bought back losses. the EUR-USD did not buy back with the same intensity though.
+1
Ten dollars and that's my final offer.
Ten dollars and that half pack of sigarettes in your pocket and we've got a deal!
"Neighbors are cunts"?
Maybe the price is a little high.
need a wetsuit to surf
and a leash
and a big sack during the winter
hmmm, thinking of all the breweries and distilleries that come with this. May be a good deal.
...And hidden pots o' gold begosh !
I was sold on this until I read the fine print about the neighbors LOL
Does anyone have a solid understanding of Irish politics?
Now that Cowen's government looks like it is going to fall does it mean that the next leadership can backtrack on and cancel the European/IMF bailout agreement? Does a cancellation of the EU/IMF bailout look likely? Does the budget battle concern the bailout?
Anyone know whats going on?
Carpe Cerevisi Tiberius
My Latin is rusty, does that say "Sieze the Beer?"
Technically they could. Any agreement can be rescinded if you're prepared to pay the price. And after Fianna Fáil probably get the heave-ho in the next general election the crowd that are coming in have even less of a clue. Enda Kenny (leader of the opposition - Fianna Gael) is a prize clown. I know quite a few people who are disgusted with the current govt. and would love to vote them out but when they see Enda Kenny they just can't bring themselves to vote for him. And he absolutely doesn't have the balls to rescind this agreement despite any amount of grandstanding he makes over the next few weeks.
Anyway, it doesn't make sense for us to go that route. The EU has been a benefit to Ireland for the past 30 years. Structural funds to build up our infrastructure, EU grants for all sorts of things, etc. We've definitely pulled out a ton of cash from the EU over the years. We can't turn around now and decide to go down the bankruptcy route. That might be ok if we thought that a massive economic collapse was definitely going to hit the world and all bets were off as a result. But if things were to just muddle along and not get much worse after we declared bankruptcy we'd be frozen out of the bond markets for a very long time. And come next year we'd be out of cash completely. So what then? How does that help us? We're screwed either way but bankruptcy would lead us to an economic stoneage in very short order. We're locked into this path now and we have nobody to blame but ourselves.
There'll be no cancellation of the bailout. There won't be riots except maybe a little froth on the streets for a short while. Ireland isn't a powder keg waiting to go off. Every day I see people carrying on business as usual. The pubs are full at the weekends, restaurants are full, people are going away on sun holidays - if you managed to keep your job during the recession things really don't appear that bad on the surface. Sure everybody knows the country is bankrupt but people expect that we'll muddle on through and things will get better. Of course people here will ridicule that but I grew up in a recession when the country was in a much worse state than it is now. My parents say they've been through a few recessions now. And you can be sure that people are very unhappy with the current situation. But we can't blame the EU for it really. The banks were stupid enough to go completely batshit crazy with their loan approvals and nobody stepped in to stop them. And the govt. wasn't prudent enough to put cash away in the good times. That's pretty much it - greed and stupidity of our own making. And now it's time to pay the price.
Fair assessment. Everywhere in EU and US the banks went apeshit on handing out credits to people that couldn't afford it. Individuals and sovereigns have now to pay the bill, while the banksters keep their bonuses.
The point is, if your local butcher extended credit to even half of what the banks did, and he was out of meat, no one would bail him out. Why should Anglo-Irish bank be any different? And why should taxpayers foot the bill for stupid bank loans. Jeez, these govts are like Patty Hearst ("here, let me help you stick up the locals").
Don't run a deficit. Problem solved.
Even little GM figured out how to go bankrupt, stiff millions of stakeholders and suppliers and come back to sell a gazillion pieces of worthless paper as a brand new entity a year or so later. It's not complicated to replicate a GM car, but no one will ever invent a land like Ireland. How is this debt any different from the unpayable German reparations of the 30s...??
Buck up, Irish. We Yanks should send over Mickey Ward to teach you how to fight again.
How is this debt any different from the unpayable German reparations of the 30s...??
What an awesome idea. I'll design the uniforms.
County Claire's Fightin' Sixth reportin' for duty m'lord.
I appreciate the long response, but let me correct you on something:
"we declared bankruptcy we'd be frozen out of the bond markets for a very long time"
Sovereign countries do not need to sell bonds. They can issue currencies without interest and without debt. The whole bond auction paradigm/farce has been created for the benefit of the financial elites and parasites. And now they will use austerity to tighten the noose. Lincoln issued the Greenback, which carried no interest and was not debt-money.
Of course, there are some of the same issues as with any fiat - lack of inherent controls on money supply, etc., but it is a VAST improvement over auctioning off bonds just so a sovereign country can purchase currency for its own use. We do that in the US when we auction bonds to purchase Federal Reserve Notes, instead of issuing US Treasury Notes. This is a clear and blatant subsidy for the bankers.
You could default on your EU obligations and print an Irish-scrip which I'm sure would instantly be welcomed by a relieved public. Back a portion of it with gold or not.
The lie that one has to access the bond markets for funding is one of the central lies of the PTB and private central bankers.
Foul, I think you are far too harsh on the Irish people. Ireland should default. Expecting the government to guarantee bad Irish bank loans is absurd. It'll be 15 years before you get close to recovering and the Irish people should not be responsible for ridiculous loans made by banks to property developers!
Not to mention maintaining a horrible precedent of the government absorbing losses while banks and the property developers get to keep profits. Wipe out the bad banks and go through a couple of years frozen out of the bond market. In the end I guarantee that the Irish people will suffer a lot less.
Besides, for the most part this isn't the fault of the Irish people. The EU distorted interest rates and invited the Irish to borrow at unsustainable levels (much like the Fed did in the US). But the real problems come from the bad loans made by banks to Irish property developers from what I understand.
The Irish government really sold their people down the river. Their first priority should be to represent the best interest of their citizens, not the interests of foreign banks and other EU countries.
Anybody have any idea what life is like in Iceland now, after they refused to take the thirty pieces of silver?
Mexico is the next government to fall
MEXICO CITY, Nov 19 (Reuters) - Mexican regulators rejected a huge chunk of state oil monopoly Pemex's estimate of how much oil and gas the country has, calling into question the long-term sustainability of the industry.
If this is true, then yeap: http://www.reuters.com/article/idUSN1921959420101119
It is true, don't forget Pemex fired its President a couple years ago because of declining production. Decades of corruption has impeded newer technologies from coming online.
Mexico has a lot of oil, but their recovery percentages are downright awful.
yea true, but they aint even talking about production here, they are disputing the reserve estimates which makes it even worse.
I have a feeling this commission and Pemex have different definitions of "reserves".
Pemex: All oil present
Commission: All producible oil (current production methods)
I wonder if this was included in the IEA's recent outlook. If not, it would make their reliance in the near future on oil from from fields which haven’t even been found yet (and Irelands bailout) even more ridiculous.
http://blog.derestricted.com/2010/11/world-energy-outlook-2010/
Time to redefine the borders of the US to include Cancun, and Cabo.
I hear there are lots of sheep there; maybe Barney would be interested...
Bovina Sancta!
More along the preferences of our own liberal sodomy poster.
there will never be another yew...
BBQ BEASTS!!
NO ! There is no reality. Its merely illusion hedged
Sold! to the man in the front row with the invisible face, congratulations sir.
I just wanna buy the pubs ;-) I'll allow smoking too!
Sold to Lex Luthor, ruler of Australia.
How will this effect the Fighting Irish of Notre Dame? Broke and Busted Irish doesn't really have the same RAH, RAH effect.
Sure, i would buy it, but for the tenants as they come with the place. I prefer not to own slaves.
No problem!
Call them serfs!
The more things change...
Nice turnaround day. AAPL, PCLN, gold all moving nicely higher. New SPX high end of week.
Harry, the smart money is distributing in to everyone of these FED induced market ramp up stick saves.
+1 Brian really saved up all day for the end.
Banks and financials taking it in the sweet spot. maybe they'll lead the way
LOL Harry, don't pull their chains. What do you think this is, a trading board?
HPQ skying after earnings..
Let's see if it sticks.
Back to where it closed. Pretty good report overall. Once again, we have evidence that CSCO was a problem specific to that company and not the macro environment.
Macro environment is certainly soft but improving quarter by quarter. We've seen this in pretty much all the big earnings and economic releases recently.
Bank America's problems are stock specific too
BRCD miss and guide down looks stock specific too
And if people don't want to buy CSCO's routers, then your friends can always pay them a vist, right Harry?
http://www.zerohedge.com/article/gm-drops-day-low-3311-threatens-break-below-ipo-price#comment-741319
Please, Harry, stop pretending to be a stock trader and change your avatar.
Actually I like his Avatar. It reminds me of the time in 2020, when I tell my kids, hey this was the facist America then. Afterwards we fought for our and your constitutional rights. That's why I am a mother or a father!
I am not convinced that a slowdown in state/local spending, which amounts to 13% of GDP, is only a CSCO problem.
Harry..."macro" would be what? The multi-nationals weighted/HFT dominated US stock market (ex any domestic issues, not to mention international) over any given 12 months? Does your macro even stretch to 12...?
Keep calling it as you see it, Harry.
Does the buyer get to be King?
First proclamation.... throw the bums out!!
How many of Chris Dodd's leprechaun slaves come with the package?
Today the insanity has reached another new level. The progression isn't linear anymore. Life and commerce as we once knew them in the Western world have been altered irrevocably. The addiction to bailouts will increase and intensify as the poison always works its ways insidiously, not alerting the victim that something's wrong until it's too late.
Stercus accidit
They forgot to mention the ongoing boundary dispute on the northeast lot line.
I'll go the asking price provided it's a clean title, all parasites (priests, politicians, bankers) are removed from the property.
Maybe the Fed will buy it.... for God's sake, they need SOMETHING that will turn a profit on their balance sheet.
I ran a title check. The IMF/EU have a lein on the property.
At the bottom it says:
"Neighbors are cunts but can be quite helpful"
Classy.
Maria Bart's lips are bigger
They are just a little swollen from overuse due to asskissing during the GM IPO last week
They look like the tire set on the Chevy Tahoe
West is bankrupt and up for sale. And I already know who´s gonna buy it. Look east for the answer ...
Call Oprah, she may be interested.........
I don't know why leading gadget and cloud
companies like AAPL, FFIV, NFLX, etc. band together and just buy Ireland outright.
Hey, with their market caps and cash hordes, they could easily buy
the entire country.
They have a skilled workforce, a 15% tax rate, and plenty of good
beer.
LOL...
Throw CMG for some good eats and PCLN for travel and Bingo!
At about 12:45 ET the market effectively called Ireland old news. That's how it works these days.
I said it before and I'll say it again - LVS
Soon my dear Homeland, Austria will be for sale too.
Alas, I am about to visit Sarajevo one last time.
hrh ADF
They could try another anschluss with some German reich or other. Maybe this time it'll work out.
Germany already owns a couple of nice isles in Greece, now we take the destilleries from Ireland.....as long as the Ponzi goes we live in ecstasy.
It's a steal....I'll take 2. With its mounting losses they'd have to pay me 900 billion to assume the ownership. Even then I might reconsider. My roots are Irish but with no industry to speak of, no production to work your way into a world creditor and a talent pool that is running for the boarder other than the rolling green hills of lore show me the money?
Do they offer NINJA loans?
After spending an hour with someone on the phone from the countryside of southern Ireland, the news, I can say, is not setting well with the young or old. If the rumor is true that the national pension will be used for collateral, look for the streets of Dublin and Cork to be filled with angry people.
Lots of them.
i hope there are more than a few farmers with pitchforks at the auction site.
Yeah, they are going to riot, but it won't do any good.
Can't fight City Hall.
The Plutocrats with their political connections and money can buy off the military if necessary if things get out of control.
The potato farmers with their pitchforks have nothing. Except anger.
They will just yell, scream, burn a few things, and eventually drink themselves into a coma.
Meawhile Joe Six here in the U.S. is more excited than ever. Will probably storm Best Buy on Friday to buy the latest electronic gadgetry so he can watch the BCS and NFL playoffs coming up. And start streaming Blu-Ray movies directly to his new TV set.
LOL....
Speak for yourself dude :)
Won't be much rioting or anything. You think the farmers want out of the EU gravy train and all those subsidies? People are fuming here about the whole debacle but can't blame the EU for it. We did it to ourselves. And that's what has people more angry than anything - they want to see bankers and politicians who messed up go to jail. But of course it'll never happen.
There'll be all sorts of grandstanding going on for the next while as different parties try to barter for what's left of the pie so we'll see some froth but nothing much will change in the end. Bankruptcy is not an option that's on the table for Ireland. Would be madness to go down that road at the moment.
Ireland will default, but only after they take some IMF/European bailout.
That way, they can pay back the banks, and some other taxpayers will get the shaft.
The IMF is not against Irish taxpayers, it is against taxpayers in general.
And pro banks, of course.
This is obviously a false sale post. Brian Cowen's hours are 9:30AM - 1:00 PM.
Sure he only finishes drinking at 4am. There's no way he's in for half nine. 11am - 1pm is closer to the mark.
No thanks.
I'd rather buy Iceland.
With POMO of course.
Geothermal! Free power.
Until someone has to bail out the IMF, there is simply no story in any sovereign debt "crisis." And since BenBux are accepted at the IMF wire desk, there really is nothing to worry about in Euro-Land, until there is something to worry about in the HomeLand, and airport porno-scans and TSA groin-gropes don't count. So spend it up on "Black Friday," enjoy junker NFL games, and wait for the markets to continue their sideways path of least frustration until there is a true global event such as a sustained military conflict (local squabble that goes regional with potential for USA-Sino involvement), demonstrable rejection of the USD as reserve currency, or the violent take-down of a high-placed domestic policy/government tool. IOW, a black swan event.
Otherwise, we muddle through.
I'd do a title search before I committed any funds. I have it on good word that the Chinese have recently uncovered an ancient document that claims it is not The Emerald Isle but in fact The Jade Isle. Apparently they want it back. Also, there is a renegade Commie Chinese fishing boat captain on full steam right now looking to ram anything flying the green, white and orange. Add to that Xinhua News is reporting that students in Chengdu are smashing Waterford crystal glasses and pirated Corr's tapes, and caution is dictated.
This is completely separate from the papers filed by Chicago Mayor-elect Rahm Emanuel seeking damages from the Republic of Ireland related to Mrs. O'Leary's cow.
I just applied for a $1 Trillion preliminary mortgage approval with Countrywide. It’s an adjustable starting at 2% for the first 6 months, then 5% plus the CPI inflation rate thereafter. No income verification of personal financials required, so, the agent said I should hear back by Friday. If I get approved their appraiser says I can bid as high as $950 billion for this property. That way I’ll have some money left over for structural improvements and monthly payments until I can flip it.
Rather than bail out Ireland, Deutschland should just buy it.
And then send the Wehrmacht and Kriegsmarine to take possession.
Don't know what's up, but 9er Unterseeboote Flotille has received orders to prepare to move from Wilhelmshaven to Cobh as our new base.
KrvtKpt. laughing swordfish
9er Unterseeboote Flotille
Foul Ole Ron,
You say bankruptcy isn't an option for us at the moment.
We have a working taxpaying population of 1.8 million people out of a total of 4 million.
We are accepting a loan of about 100 BILLION euros, at what, 5% interest or thereabouts?
There is no physical way we can pay that back. None. They're cutting our wages and pushing the economy into a deflationary spiral at the same time that they massively increase our debt. How on earth does anyone think ever that we won't default? We will. There is no other way that this can pan out.
So we have to do it now. Attempting to service this debt for a few years will turn Ireland into a hellish place to live. We have to default now, and leave the euro. There is no other solution.