• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

John Taylor: "The Collapse Of Europe Has Begun, The Euro Will Trade Like The Lira In A Few Months"

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Thu, 11/11/2010 - 10:43 | 719193 Rahm
Rahm's picture

How much did Soros make this time?

Thu, 11/11/2010 - 10:50 | 719219 Arius
Arius's picture

who cares? 

as big as soros might be he is not the cause but the symptom.

Thu, 11/11/2010 - 11:24 | 719334 UGrev
UGrev's picture

I agree. He's an opportunistic parasite. 

Thu, 11/11/2010 - 11:31 | 719358 jus_lite_reading
jus_lite_reading's picture

He is doing whatever it takes to make money. Can't fault him for that.

Thu, 11/11/2010 - 14:17 | 719486 GoinFawr
GoinFawr's picture

"...theater-actor -- tragedy, you know; take a turn to mesmerism and phrenology when there's a chance; teach singing-geography school for a change; sling a lecture sometimes -- oh, I do lots of things -- most anything that comes handy, so it ain't work. What's your lay?"

-Mark Twain 

"...doing whatever it takes to make money."

So, in your opinion, as long as you are on the glorious mission of trying to make money, fraud would be ok?

Thu, 11/11/2010 - 12:11 | 719508 outamyeffinway
outamyeffinway's picture

Uhhhh, maybe not you but I sure could. What moral handbook are you reading from?

Thu, 11/11/2010 - 12:28 | 719574 Almost Solvent
Almost Solvent's picture

The postWWII version: Greed is good and by any means necessary.

Those who believe morals are absolute throughout time remind me why nice folks usually finish last.

Thu, 11/11/2010 - 15:56 | 720129 thefatasswilly
thefatasswilly's picture

Hilarious that you were junked. People simply can't accept the fact that the common western system of Christian morals leads to failure, not success.

Amazing to me that hordes of American "intellectuals" have apparently never read Nietzche.

Thu, 11/11/2010 - 17:04 | 720245 GoinFawr
GoinFawr's picture

Yah, "I'm all right so fuck all the rest" is bound to work out for the best. Though admittedly by 'best' I mean the sociopaths with whom you are desperately trying to align yourself like some sort of 'useful idiot'. Trust me: you aren't getting a seat at the table of the Gang on Fortune Hill just because you like the cut of their jibs.

Good luck with that. You better hope you don't live in our neck of the woods, 'cuz duped loyalists will be the first to go where I am at.

Amazing to me that hordes of American 'nihilists' have apparently never read Kropotkin.

(Well, mb they have, but like the Nietzsche they've read it's painfully obvious that they failed to understand it.)

Warmiest Regards

Fri, 11/12/2010 - 15:52 | 723021 thefatasswilly
thefatasswilly's picture

. . .

I'm aligned with myself.

I plan on killing the oligarchs. Don't make assumptions; you're obviously not intelligent enough to do so.

Thu, 11/11/2010 - 14:19 | 719852 The_Dude
The_Dude's picture

Yes, you can fault him...that is what got us into theis G'damn mess. 


Whatever fraud/deceit/extortion it takes to make money!!  F'ing people need to readjust the heads before someone shows up and does it for you.

Thu, 11/11/2010 - 14:56 | 719932 Hugh_Jorgan
Hugh_Jorgan's picture

Nicely put, Dude.

Soros is much worse than a simple opportunist. He is a global Alinsky-ist. He is a top-down, and bottom-up meddler, the likes of which the world has never seen. He uses his money and influence to subverts elections, and stirs up social unrest "at just the right times", in order to foment the very opportunities that he profits from. All on the on the back of entire economies and regions and countries. He claims to have spent upwards of $8Billion doing this stuff in emerging countries. The man believes he is a god (his words, not mine) and so we are all his playthings. He is the ultimate representation of our insideous system of massive avrice, and power that relies on the excuse of; "it's for the greater good" to reassure ourselves that ruining people's lives is ok as long as your vision is for something better. It is Socialist circular logic, and it is Evil. The same justifications that Adolf Hitler, Joseph Stalin, and Mao Se Tung, used for the murder 10s of millions of innocent people. Everyone, needs to read some of Soros' books, you will understand WHO this guy really is...

Thu, 11/11/2010 - 15:24 | 720015 Cpl Hicks
Cpl Hicks's picture

Well said, Huge!

Thu, 11/11/2010 - 15:58 | 720131 thefatasswilly
thefatasswilly's picture

Cry more; you'd do the exact same if you were smart enough to do so.

Also, think about this: despite the fact that Mao, Hitler, and Stalin massacred tens, if not hundreds, of millions of people, humanity STILL suffers from severe overpopulation and stupidity problems.

The fact that you condemn these great men for their services to the human race reveals your simple mindedness.

Thu, 11/11/2010 - 12:14 | 719520 TonyV
TonyV's picture

I agree. He's an opportunistic parasite. 

As so is everyone else on this board for that matter

Thu, 11/11/2010 - 12:20 | 719542 Ripped Chunk
Ripped Chunk's picture

Oh Tony!

Thu, 11/11/2010 - 18:43 | 720534 TBT or not TBT
TBT or not TBT's picture

Wow!  A tingle went right up my leg...the image of two parasitic ZHers entertwined one with a paper bag over his head, the other a freshly ripped chunk of meat.

Thu, 11/11/2010 - 13:13 | 719703 DosZap
DosZap's picture


"As so is everyone else on this board for that matter"

To be a Parasite one must find a host,(to leech off of) to be labeled as such with such a BROAD blanket, is not only incorrect, but morally reprehensible,and derogatory.

As such, I suggest you speak for yourself, unless of course you know everyone ON this Board.

Thu, 11/11/2010 - 16:25 | 720226 TonyV
TonyV's picture


The original poster was comparing someone that profits from the fall of the Euro to a parasite. By that defintion, everyone that tries to profit from the fall of CSCO stock, or from the bubble in the treasuries or in PMs or anything else in between, is also a parasite.


Thu, 11/11/2010 - 18:44 | 720537 TBT or not TBT
TBT or not TBT's picture

I'm a huge parasite then, by the first argument:   Die Euro!

Thu, 11/11/2010 - 13:44 | 719780 MeTarzanUjane
MeTarzanUjane's picture

Now, now. You are a big meanie.

Soros is awesome, so is his #2 guy!

Thu, 11/11/2010 - 11:46 | 719405 Printfaster
Printfaster's picture

as big as soros might be he is not the cause but the symptom.

A sympton of the Rothchild banking Cartel?

Thu, 11/11/2010 - 10:59 | 719194 Bill Lumbergh
Bill Lumbergh's picture

Euro is breaking down from support now...if anyone does not think this market is being propped up watch the action in IWM.

Update:  Nice one Benny, with the Euro tanking the indices somehow seem to levitate higher since apparently people cannot wait to take on more risk.

Thu, 11/11/2010 - 11:30 | 719355 jus_lite_reading
jus_lite_reading's picture

WORLD WAR III is imminent. That is the only solution.

Rocket schmocket my ass. 6, count 'em, SIX ACC's out this week, with 50+ naval ships in the M.E. and dozens in S.E Asia... ok

Thu, 11/11/2010 - 11:37 | 719378 SheepDog-One
SheepDog-One's picture

Agreed. Thats the only outcome of all this. Millions, maybe billions dead from the coming all-out world war....and people will say 'What happened? I thought everything was OK'!

Thu, 11/11/2010 - 12:02 | 719471 Crab Cake
Crab Cake's picture

Sadly, he who shoots first is more likely to win given the state of technology.  So, I could definitely see the war starting "from out of nowhere".

Thu, 11/11/2010 - 13:10 | 719560 Ripped Chunk
Ripped Chunk's picture

Nice to see some agreement about the inevitable for a change. Old habits die hard.

The elite worry about the current state of unrest being displayed by the Sheeple. War (and now terrorism) has been the traditional mechanism to diver attention away from their manipulative and thieving activities. They also worry about overpopulation which is something they can not control the way they control economies and governments.

Thu, 11/11/2010 - 16:01 | 720145 thefatasswilly
thefatasswilly's picture

Well, we do need to eliminate a couple of billion mouths and oxygen users in order for humanity to reach an equilibrium with available resources.

Thu, 11/11/2010 - 16:42 | 720254 GoinFawr
GoinFawr's picture

Jane Fonda, is that you?



Thu, 11/11/2010 - 20:14 | 720599 wake the roach
wake the roach's picture


Well, we do need to eliminate a couple of billion mouths and oxygen users in order for humanity to reach an equilibrium with available resources.



Fuck the poor, uneducated and hungry people of this world. They breed like rats, nothing but human trash and they brought it all upon themselves. Darwin proved it, its only through competition, survival of the fittest that we evolve. We should strike first no matter what the price. With them gone, we can consume 100 times more resources and infinitely without the need to resort to a primative and dangerous economic model of global resource equality, egality and the weakest of human traits, compassion. And no more medicins sans frontieres or world vision commercials to depress us when we get home from an honest hard days work and want to relax and enjoy a simple microwave dinner in front of the TV. With say, oh 5 billion less people on the planet, the free market and the math of the economic profit sytem of exchange would finally work the way we think it should. To hell with left wing socialist dialectics and measurement relativity, black is black and white is white. 1 is one and 0 is zero, end of story. Without competition, we all die so its not a question of racial, cultural or national superiority. Hitler was not a bad man, he was just realistic, is that really a crime or just pure honesty? I for one am not an elitist, it's just proven mathematical and scientific linear logic. At this make or break moment of choice for the future of the collective human species, we can not afford to allow radical and unproven economic theory's (more like communist ideology right?) to push us from the safe path of  natural evolution. Sometimes, natural laws forces us to make hard choices, it does not work vice versa. Should we sacrifice our evolved western way of life for the primative majority of 21st century savages??? To the educated mind it is  not even a question worth asking. It's us or them. There is no possible way for 7 billion people to live a life of true wealth. Sure, we have the technological ability right now to provide for the material wellbeing of every human being on the planet and with almost unbelievable energy and natural resource efficiency but where are we supposed to get the gold and silver to do it???

Fri, 11/12/2010 - 02:29 | 721431 wake the roach
wake the roach's picture

And just in case anyone does not understand that I was taking the piss, I do not believe that the mass murder of our fellow global citizens is an acceptable option to achieve the state of consumption nirvana. Oh, and resource sustainability is a myth, no such thing folks. Just greater resource efficiency. If man is to survive into the next millenium, we will have to colonise new planets. Entropy is a tough game to play ;-)

Fri, 11/12/2010 - 15:56 | 723039 thefatasswilly
thefatasswilly's picture

I agree with your last point; we NEED to expand into space. We are capable technologically, but political and social complications prevent it.

How do we eliminate these complications? One world government. How can that be accomplished?

Mass murder.

Who should die? The relatively intelligent, or the relatively fucking stupid?

Thu, 11/11/2010 - 13:55 | 719804 MeTarzanUjane
MeTarzanUjane's picture

My sisters uncle is on sabbatical at an observatory in Alaska(I cannot say which one I hope you understand) not far from The HAARP Project. One night last week during his shift he used an ion-infrared filter on the telescope and pointed it over the area that HAARP uses and he said that his field of vision was totally blocked because of the intensity of the beam. He has never seen it so intense.

He said "they have gone full retard with that thing and they will not stop until the upper atmosphere is totally destroyed".

Something or someone is going to melt.

Thu, 11/11/2010 - 16:16 | 720197 TeamAmerica
TeamAmerica's picture

Something has gone full retard, but it's not HAARP.

Thu, 11/11/2010 - 17:51 | 720430 kiwidor
kiwidor's picture

They are not trying to destroy it, they're trying to use it as a shield.  Of course, in the process, they may destroy it.  <tee hee>

Thu, 11/11/2010 - 10:43 | 719197 lolmao500
lolmao500's picture

Commodities back down... maybe. But gold and silver as a refuge will go up.

Thu, 11/11/2010 - 11:10 | 719284 Max Hunter
Max Hunter's picture

Eventually... expect some movement both ways prior..

Thu, 11/11/2010 - 10:44 | 719201 Revolution_star...
Revolution_starts_now's picture

unintended consequences,


Thu, 11/11/2010 - 10:54 | 719232 Careless Whisper
Careless Whisper's picture

that's right. dolla vs. euro currency wars? this is how it ends:



Thu, 11/11/2010 - 11:08 | 719274 MsCreant
MsCreant's picture

Looks about right. Wow!

Thu, 11/11/2010 - 11:12 | 719289 DaveyJones
DaveyJones's picture

more blood and then the audience starts tearing into itself

Thu, 11/11/2010 - 13:59 | 719813 Cruel Aid
Cruel Aid's picture

He said "whoever gets up first is the winner"

It fits!

Thu, 11/11/2010 - 10:44 | 719202 hedgeless_horseman
hedgeless_horseman's picture

Slainte, bitches!!!

Thu, 11/11/2010 - 10:48 | 719212 Charles Mackay
Charles Mackay's picture

Sorry, but I don't 'get' how the ECB, with a firm monetary policy, will make the Euro less valuable than the dollar. 


Perhaps JT didn't notice that QE2 doesn't even launch until tomorrow.  The Euro may become valueless, but in the race to the bottom, the US dollar will win if QE2 goes as planned.

Thu, 11/11/2010 - 10:53 | 719230 scatterbrains
scatterbrains's picture

looks like they want to shake some weak hands out before the relentless fed buying begins.

Thu, 11/11/2010 - 11:54 | 719441 Turd Ferguson
Turd Ferguson's picture

$39fuckingB by next Thursday 12:00 EST!!!!!

Thu, 11/11/2010 - 11:21 | 719318 Charley
Charley's picture

What is money used for?

It is used to buy stuff.

If demand for euro-output comes from dollars and not euros, what happens?

Output flows toward demand.

Tight euro policy means demand shifts from euros to dollars. Growth in the euro-zone becomes increasingly denominated in dollars. Even if the ECB wants to slow economic expansion, this economic expansion will take the form of dollars. Businesses will exploit demand from whatever source it comes -- euros or dollars. If your currency is euros, but your demand is coming from dollars, a currency crisis will arise sooner or later.

Thu, 11/11/2010 - 11:29 | 719353 Sour Grapes
Sour Grapes's picture

The ECB's policies are not much more "firm" than anyone else's, they just use different terminology for their money printing.

The US, UK and Japan call it QE when they monetize government debt.

The ECB calls it a repo.  European banks buy the bonds of the various bankrupt EU countries, then use the bonds for collateral for a loan from the ECB.  The effect is the same as QE- the central bank has issued new currency and it ultimately owns the sovereign debt.

Thu, 11/11/2010 - 10:49 | 719214 doomandbloom
doomandbloom's picture

for the past 2 years...it has been either news of dollar failing OR euro failing...none of them actually fail....is seems like a see saw game to prop the dollar for 3 months and then euro for the other 3?

Thu, 11/11/2010 - 10:53 | 719229 xenophobe51
xenophobe51's picture

No, they're both falling for reals.

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