• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Meanwhile In Europe...

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Fri, 07/08/2011 - 10:41 | 1436471 trampstamp
trampstamp's picture

only time.

Fri, 07/08/2011 - 14:08 | 1437489 He_Who Carried ...
He_Who Carried The Sun's picture

Cerco l'estate tutto l'anno
e all'improvviso eccola qua.
Lei è partita per le spiagge
e sono solo quassù in città,
sento fischiare sopra i tetti
un aeroplano che se ne va.

il pomeriggio è troppo azzurro
e lungo per me.
Mi accorgo
di non avere più risorse,
senza di te,
e allora
io quasi quasi prendo il treno
e vengo, vengo da te,
ma il treno dei desideri
nei miei pensieri all'incontrario va.

Sembra quand'ero all'oratorio,
con tanto sole, tanti anni fa.
Quelle domeniche da solo
in un cortile, a passeggiar...
ora mi annoio più di allora,
neanche un prete per chiacchierar...

il pomeriggio è troppo azzurro
e lungo per me.
Mi accorgo
di non avere più risorse,
senza di te,
e allora
io quasi quasi prendo il treno
e vengo, vengo da te,
ma il treno dei desideri
nei miei pensieri all'incontrario va.

Cerco un po' d'Africa in giardino,
tra l'oleandro e il baobab,
come facevo da bambino,
ma qui c'è gente, non si può più,
stanno innaffiando le tue rose,
non c'è il leone, chissà dov'è...

il pomeriggio è troppo azzurro
e lungo per me.
Mi accorgo
di non avere più risorse,
senza di te,
e allora
io quasi quasi prendo il treno
e vengo, vengo da te,
ma il treno dei desideri
nei miei pensieri all'incontrario va.

Fri, 07/08/2011 - 15:04 | 1437752 Bananamerican
Bananamerican's picture

"the mower-o is in the shed-o"

Fri, 07/08/2011 - 20:04 | 1438740 Imminent Collapse
Imminent Collapse's picture


Fri, 07/08/2011 - 14:12 | 1437510 PuppetRepubl1c
PuppetRepubl1c's picture

Love Marc Faber thanks for the videos  :)

Fri, 07/08/2011 - 10:41 | 1436473 Peter K
Peter K's picture

Mamma Mia :(

Fri, 07/08/2011 - 11:16 | 1436751 Scisco
Scisco's picture

Here we go again...

Fri, 07/08/2011 - 10:42 | 1436482 Dick Darlington
Dick Darlington's picture

Telecom Italia was also halted earlier today. And man oh man, look at the periphery bonds. Massive meltdown continues...

Fri, 07/08/2011 - 13:24 | 1437339 Mussolim
Mussolim's picture

Well, if you want to take an inside peek at what's happening here in Italy, just have a look at this video:


Our economy minister says that public administration minister "IS A MORON" during the press conference presentation of the austerity package....

in front of hundreds of journalists!

This govern is rotting like a mozzarella left for days under Sicily's sun, and what's worse, there's no alternative in sight....

Short on Berlusconi and long on a transition govern like in Belgium.

BTW where can i buy cds on this governament? Just in case....

Fri, 07/08/2011 - 17:16 | 1438374 macholatte
macholatte's picture


LMAO - Grazie!!

Fri, 07/08/2011 - 20:02 | 1438735 Ahmeexnal
Ahmeexnal's picture

You should have let the goths keep ruling Italia.

Fri, 07/08/2011 - 22:26 | 1438999 dogbreath
dogbreath's picture

damn  leipzig was swarming with then just two weeks ago.  they looked like they were just hanging out with nowhere to go.

Fri, 07/08/2011 - 10:42 | 1436483 Cognitive Dissonance
Cognitive Dissonance's picture

It's all coming apart like an old rusted out clunker that suddenly hits a stretch of nasty pot holes.

Hang on honey, it's gonna be a rough landing.

Fri, 07/08/2011 - 10:44 | 1436502 Arius
Arius's picture

we will come stronger out of this ... we always do.

Fri, 07/08/2011 - 11:00 | 1436622 Chump
Chump's picture


Fri, 07/08/2011 - 11:07 | 1436677 chartcruzer
chartcruzer's picture

no need to try and time the melt down in advance.   just watch the bouncing ball (and the trend line).



Fri, 07/08/2011 - 11:00 | 1436625 Oh regional Indian
Oh regional Indian's picture

Actually it has only seemed that way Arius. People always have come out losers in the last many many centuries.

The rulers? They'll come out stronger for sure. 

This time it IS different.



Fri, 07/08/2011 - 11:16 | 1436745 karzai_luver
karzai_luver's picture

simpleton ...that's what was said about the last couple of times.....

does this look stronger to you????

even your glasses are not so thick, so you are blind.


good luck fool.


Fri, 07/08/2011 - 15:08 | 1437779 Bananamerican
Bananamerican's picture

the world won't end...

but it sure the fuck is going to change

Fri, 07/08/2011 - 11:21 | 1436773 mick_richfield
mick_richfield's picture

I just realized that there is a whole class of statements that have the special property of the speaker never having to admit that he was wrong.

For example:

  "This is not the end of the world."

  "This is not going to kill me."

Fri, 07/08/2011 - 11:36 | 1436848 Cognitive Dissonance
Cognitive Dissonance's picture

When I die I'm going to heaven.

Fri, 07/08/2011 - 12:39 | 1437155 FinalCollapse
FinalCollapse's picture

Sorry, but the heaven is foreclosed.


Fri, 07/08/2011 - 13:09 | 1437281 Cognitive Dissonance
Cognitive Dissonance's picture

"The" heaven?

I thought there was more than one? You know, 7th heaven and all?

Fri, 07/08/2011 - 15:50 | 1438036 Bolweevil
Bolweevil's picture

It's the new lingo like, "the Ben Bernank"; or, "the JP Morgue". I miss the bears.

Fri, 07/08/2011 - 12:22 | 1437073 brodix
brodix's picture

This is not going to kill you.

Fri, 07/08/2011 - 12:22 | 1437079 Rich_Lather
Rich_Lather's picture

At least I've got chicken.

Fri, 07/08/2011 - 12:30 | 1437105 Harlequin001
Harlequin001's picture

check's in the post...

Fri, 07/08/2011 - 13:37 | 1437389 bugs_
bugs_'s picture

"We are all guilty of this"

Fri, 07/08/2011 - 15:52 | 1438042 Bolweevil
Bolweevil's picture

"We need more stringent regulations."

Fri, 07/08/2011 - 22:08 | 1438971 Diogenes
Diogenes's picture

Or the most popular last words in the South

Hey everybody! Watch this!

Fri, 07/08/2011 - 11:27 | 1436805 trav7777
trav7777's picture

it's going to require a lot more diversity, because diversity is strength

Fri, 07/08/2011 - 11:57 | 1436968 TheTmfreak
TheTmfreak's picture

So is ignorance.

Fri, 07/08/2011 - 15:12 | 1437800 Bananamerican
Bananamerican's picture

Trav meant diversity of clusterfuck.

Now lets' see the Hmong, Russian, Cuban, Vietnamese, Mexican, Black, Chinese and Whitey's of Amerika all sing Kumbaya and pull this big ole melting pot out of the ditch

Fri, 07/08/2011 - 13:07 | 1437269 cossack55
cossack55's picture

Yes, I've diversified to 7.62, 12 guage, .45, .38, .22, .22WMR, and .32.

Fri, 07/08/2011 - 15:55 | 1438055 Founders Keeper
Founders Keeper's picture

:Lead Hedge

; )

...don't forget your base metals.


Fri, 07/08/2011 - 22:11 | 1438977 goat
goat's picture

my portfolio is lacking several asset classes

Fri, 07/08/2011 - 12:10 | 1437035 lawrence1
lawrence1's picture

said the last Roman emperor

Fri, 07/08/2011 - 10:47 | 1436521 subqtaneous
subqtaneous's picture

Ahh....and speaking of rusted old clunkers, the Octogenarian assures us all is well this fine morning (per usual).

Fri, 07/08/2011 - 10:58 | 1436582 Cognitive Dissonance
Cognitive Dissonance's picture

It just needed to be posted. Thanks for the visual.

You just know you're in for a world of hurt when your rear wheel just passed you. :>)

That's the difference between knowing and believing.

Fri, 07/08/2011 - 11:15 | 1436742 Max Hunter
Max Hunter's picture

LMAO.. thanks CD

Fri, 07/08/2011 - 11:16 | 1436748 CrazyCooter
CrazyCooter's picture

Hahahah ... I have been known to put this in code comments when I got stuck patching something I didn't write ... it is the easiest way to explain to the next sucker just how bad he is screwed ...





Fri, 07/08/2011 - 11:21 | 1436775 Cognitive Dissonance
Cognitive Dissonance's picture

Very nice. I picked one to post.

I believe I see a little factory paint in between the sea of newer rust. Just a little spit and polish and she's good as new.

Fri, 07/08/2011 - 11:55 | 1436962 Ghordius
Ghordius's picture

Hey, this is not an Italian car. And Italian cars never rust... (according to my Italian cars dealer)

Fri, 07/08/2011 - 11:57 | 1436972 Coke and Hookers
Coke and Hookers's picture

It's Christine!

Fri, 07/08/2011 - 12:05 | 1437020 MsCreant
MsCreant's picture


Fri, 07/08/2011 - 11:57 | 1436975 tip e. canoe
tip e. canoe's picture

that's a nice ride cog.   does it run on diesel?

Fri, 07/08/2011 - 12:32 | 1437115 Harlequin001
Harlequin001's picture

steam by the looks of it...

Fri, 07/08/2011 - 13:44 | 1437403 tip e. canoe
tip e. canoe's picture

even better

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