New General Strike Paralyzes Greece As 100,000 Protesters Take To Athens Streets

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Wed, 12/15/2010 - 10:01 | 807699 RobotTrader
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This news assures that commodity prices are going to get slammed hard and consumer discretionary names like COH and JWN are going to go up even faster. That is the way it has been working lately.

Wed, 12/15/2010 - 10:17 | 807747 SheepDog-One
SheepDog-One's picture

'Consumer discretionary' hmmm you and HarryWanker always saying that, sure youre not really the same person?

Wed, 12/15/2010 - 11:12 | 807905 unununium
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NFLX is up too, and you are only paying $178.99 for a company worth $3.37, that was worth $5.65 this time last year.

Wed, 12/15/2010 - 10:22 | 807760 Arius
Arius's picture

 how this will effect chinese stocks? lol

PM slammed..yeah as long as chinese keep you happy while picking up your gold

Wed, 12/15/2010 - 10:28 | 807788 Kreditanstalt
Kreditanstalt's picture

Perverse...

I'd be fleeing TO precious metals and commodities in a situation like this...

Wed, 12/15/2010 - 10:29 | 807792 American Dreams
American Dreams's picture

Please enlighten us as the WHY you think there is a connection.  I can't wait for your more than plausable reason..... Bahhh not sure why I even bothered.

 

know your enemy

AD

Wed, 12/15/2010 - 10:54 | 807845 tmosley
tmosley's picture

Right, because the Greeks are the well known center of the world manufacturing complex, and also among the worlds leading consumers.

Get a real job before you bankrupt yourself.

Wed, 12/15/2010 - 10:03 | 807707 doomandbloom
doomandbloom's picture

As long as we have shortage of resources....there will always be pyramid structures....and ponzi's in the name of establishing order.

 

we need a completely new energy source...or we could become 'breatharian'( living on light )

Wed, 12/15/2010 - 10:05 | 807713 Dismal Scientist
Dismal Scientist's picture

Hot air seems to be in plentiful supply from governments and central banks. Maybe we could do something with that.

Wed, 12/15/2010 - 10:11 | 807726 SheepDog-One
SheepDog-One's picture

Damn straight, tap into all the hot air and bullshit that flows from the Gooberment and media and central banksters....all the potential energy the world would ever need.

Wed, 12/15/2010 - 10:17 | 807751 LongGold
LongGold's picture

And unlike fossil fuels it's something we'll never run out of :-)  World's energy problem solved

Wed, 12/15/2010 - 13:08 | 808369 Drachma
Drachma's picture

@LongGold:

With all due respect, have you given any serious critical thought to what you are saying?

Since you seem to believe, like most armchair geologists, in the unproven and completely inconsistent theory of the biotic origin of hydrocarbon fuels, (maybe because we were told as children in our textbook published by Exxon that oil comes only from dead dinosaurs), could you please explain to me how there can be literally lakes of methane and other hydrocarbons (i.e. 'fossil-fuels') on Saturn's moon Titan? (See NASA).

Also please explain how the biotic theory accounts for bitumens found in Precambrian granites?

While you're at it please explain why the Proceedings of the National Academy of Sciences in 2004 reported that "oil is not a fossil-fuel" and that it is continuously being created deep inside the Earth's mantle?

How is it that we are finding oil at 40,000+ feet below the earth's surface, far below where any sedimentary organic deposits can be found?

"In 1970 the Russians started drilling Kola SG-3, an exploration well which finally reached a staggering world record depth of 40,230 feet. Since then, Russian oil majors including Yukos have quietly drilled more than 310 successful super-deep oil wells, and put them into production. Last Year Russia overtook Saudi Arabia as the world's biggest single oil producer, and is now set to completely dominate global oil production and sales for the next century."

"Dudley Herschbach, a Baird Research Professor of Science and the recipient of the 1986 Nobel Prize for chemistry conducted the original experiments to prove how methane is created in the Earth, said that new findings corroborate that many of the Earth's oil reservoirs refill as they're pumped out (See Shell's experience with their once thought empty oil fields that are now full again). Herschbach said his observations support the view that petroleum may be continually generated."

Keep in mind that the only "evidence" used to support the biotic theory of oil's origin is that scientists in the early 20th century found organic microbial matter mixed in with oil. That's it. There is no scientific proof, and as we know that many lithospheric microorganisms feed on hydrocarbons as a source of energy, it only makes sense that we would find organic microbial matter in oil. It does not prove that they are the source of the hydrocarbons.

The earth is not running out of oil, it is awash in oil. It is however running out of functioning refineries thanks to the machinations of the cartel. I do not deny that some oil can come from organic residues, under optimal anaerobic conditions, but there is much more to earth's hydrocarbon reserves than what you are told in Grade school.

The "Peak Oil" paradigm was created and promoted by the oil magnates from the start, without any scientific evidence.

Cheers.

 

 

 

Wed, 12/15/2010 - 13:39 | 808487 AnAnonymous
AnAnonymous's picture

The "Peak Oil" paradigm was created and promoted by the oil magnates from the start, without any scientific evidence.

 

This point is totally false.

Following the coal experiment and the danger of coupling an economy to this kind of energy sources, when oil was introduced, some people tried from the very start, to diversify the energy sources.

Big oil, from the very start, played the opposite card. Their best interest was to make oil prevalent in as many sectors as they could.

Big oil promoted the idea that oil was plentiful. Their version was strengthened by the rate of discovery of oil fields that added to the inventory, weakening anyone underlining the risks of coupling to a resource that could dwindle fast.

This lasted up to the 1960s when major discoveries ceased.

Wed, 12/15/2010 - 13:53 | 808546 Drachma
Drachma's picture

Sorry if my honest opinion offends you. Maybe I'll strike that last comment for your sake as I can not back it up. Got a little emotional. Any thoughts on the origins of oil?

Wed, 12/15/2010 - 14:01 | 808573 Drachma
Drachma's picture

My other question would be, do you have any idea why major oil discoveries ceased? Are you saying that they ceased because comapnies could not find oil reserves? It certainly did not cease for the Russians in the 1970s who overtook Saudi Arabia's production in 2005, with no end in sight.

Wed, 12/15/2010 - 10:15 | 807714 jus_lite_reading
jus_lite_reading's picture

Man, reading this is like reading about France circa 1789... hold on to your hats boys!

Wed, 12/15/2010 - 10:06 | 807715 Kaiser Sousa
Kaiser Sousa's picture

those damn greeks...dont they realize that serfdom and servitude to the bankers is good for them...

Wed, 12/15/2010 - 10:27 | 807782 Arius
Arius's picture

kaiser - i am smarter than you - larry S.

opppsss...gold over 1100, 1200,1300, 1400 going....going

bring back that guy...where did he go...

Wed, 12/15/2010 - 10:36 | 807808 jus_lite_reading
Wed, 12/15/2010 - 12:51 | 808238 Bob
Bob's picture

Jeez, are the morts getting restless? 

Meanwhile, the only thing showing on the US MSM is the weird story of the nut in Florida who killed himself at the school board meeting . . . after painting the Vendetta symbol on a wall. 

How long before other nuts discredit Fight Club and Matrix fans?

Wed, 12/15/2010 - 20:55 | 810193 StychoKiller
StychoKiller's picture

J'accuse!  Yet, you're alive and the other guy is daid -- guess you're NOT into grafitti! :>D

Wed, 12/15/2010 - 10:07 | 807717 LongSoupLine
LongSoupLine's picture

Quick, turn on CNBC!!!  That way you can lull yourself into complacency with storys of the "First Chevy Volt Delivery" to some shlub in NJ.  Now THAT's news!

Wait, now it's Bob PissOnYou saying how things are crazy bullish!

Wed, 12/15/2010 - 10:14 | 807737 More_sellers_th...
More_sellers_than_buyers's picture

I can't even watch CNBC anymore! what a crew! I want to shoot the TV like Elvis after 15 minutes of the mind numbing blather thats on it.  BTW is it just me , or does Gary Kominsky remind you of that guy you had in your class in college that used to raise his hand to ask questions he allready knew the answer to just to here himself talk. 

Wed, 12/15/2010 - 10:19 | 807754 westboundnup
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Did a spit-take when the host asked "Are you suprised that we didn't see the worst-case scenario in commercial property?"

Wed, 12/15/2010 - 10:17 | 807746 jus_lite_reading
jus_lite_reading's picture

Yes, this is so important to the world- the first CHEVY VOLT! LMAO!

 

I think WIKIleaks will expose that CNBS was the "Blue Horseshoe" of Whore Street! Rally the markets MF'ers!

Wed, 12/15/2010 - 10:08 | 807719 G-R-U-N-T
G-R-U-N-T's picture

Hm...Unrestrained merry making, tis the season. Coming to a town near you!

http://www.gallup.com/poll/145238/Congress-Job-Approval-Rating-Worst-Gal...

Wed, 12/15/2010 - 10:09 | 807723 RobotTrader
RobotTrader's picture

TIC report shows that China and Japan continue to wolf down U.S. Treasuries with a vengeance. U.S. Dollar is skying on this news. Poor gold cannot get a break today.

Wed, 12/15/2010 - 10:12 | 807732 SheepDog-One
SheepDog-One's picture

Yea right theyre soppin up our worthless treasuries like crazy sure tell us some more fantasies.

Wed, 12/15/2010 - 10:17 | 807752 Rodent Freikorps
Rodent Freikorps's picture

Sometimes I wonder what idividuals would become if society fell. My guess is you'd make a very successful looter.

 

Wed, 12/15/2010 - 10:24 | 807777 Everybodys All ...
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Total bs

Wed, 12/15/2010 - 10:33 | 807802 American Dreams
American Dreams's picture

Why do you even type crap like this - the dollar has gained all of .08%

 

You are in rare form today HarryRobo

 

know your enemy

Wed, 12/15/2010 - 10:44 | 807824 Quintus
Quintus's picture

Really?  This is the analysis of the TIC report that I just read

"Strong foreign demand for both government agency bonds and equities is largely offset by slowing foreign demand for Treasuries. Net foreign purchases of long term U.S. securities totaled $27.6 billion in October for the lowest inflow since January"

Nobody's 'Wolfing down' Treasuries except the Fed.

Wed, 12/15/2010 - 12:27 | 808217 Crisismode
Crisismode's picture

+100

Just love it when people post what was actually stated in reports that Robo/Harry quote to suit their own bullshit agendas.

Hey Robo, the TRUTH kinda hurts, doesn't it?

Wed, 12/15/2010 - 10:59 | 807860 CD
CD's picture

Interesting speculation on what China (and possibly Japan) are DOING with those treasuries they are scooping up (h/t T. Ferguson)

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2010/12/14_KWN_Source_-_When_That_Happens,_The_Game_is_Over.html

Wed, 12/15/2010 - 10:10 | 807725 Confused Indian
Confused Indian's picture

Are we too cynical or governments totally blind or mean?

 

I mean how can the Govts from Europes and US just worry about the markets pumping them any how, and let everything fail.

 

 

Wed, 12/15/2010 - 10:14 | 807736 SheepDog-One
SheepDog-One's picture

Just as long as you know the govts do not give 1 shit about 'the people' and in fact wish you were dead, youre way more enlightened than most.

Wed, 12/15/2010 - 12:36 | 808254 Bob
Bob's picture

 

http://www.amconmag.com/blog/assassin-nation/

 

The American Civil Liberties Union is suing to compel Uncle Sam “to disclose the legal standard it uses to place U.S. citizens on government kill lists.” The Obama administration has responded by invoking the doctrine of state secrets, effectively claiming that national security demands that these policies be kept hidden. By hiding behind state secrets, the feds don’t even have to explain why the law doesn’t apply to their actions.

 

Wed, 12/15/2010 - 10:11 | 807730 john milton
john milton's picture

greeks will prolly drink couple bottles of ouzo, then filled them up with napalm and start rioting, destroying monuments etc...I bet we will dive hard to night

Wed, 12/15/2010 - 10:12 | 807731 Internet Tough Guy
Internet Tough Guy's picture

I hope they burn Leo K's vespa.

Wed, 12/15/2010 - 10:19 | 807750 jus_lite_reading
jus_lite_reading's picture

ROTFLMAO!!!!!!!!!! A PINK VESPA, with OBAMA stickers all over it, and a picture of Hairy Wanker in the window, no doubt.

Wed, 12/15/2010 - 10:17 | 807753 SheepDog-One
SheepDog-One's picture

I think he had to sell it for some fallafel.

Wed, 12/15/2010 - 10:13 | 807734 Confused Indian
Confused Indian's picture

US should have a national log now, printed on all dollars as well

 

"Buy the Dip"

Wed, 12/15/2010 - 10:13 | 807735 TexDenim
TexDenim's picture

This news is way out of proportion to the size of the Greek economy. If Greece was a state in the United States, it would have an economy about the size of Connecticut. Not a big deal in the grand scheme of things.

Wed, 12/15/2010 - 10:21 | 807767 fiatspyder
fiatspyder's picture

Neither was Sarajevo in 1914.

Wed, 12/15/2010 - 10:28 | 807791 Arius
Arius's picture

but the war wasnt about sarayevo was it?

Wed, 12/15/2010 - 10:37 | 807813 fiatspyder
fiatspyder's picture

In a way it was.  Austria trying to hold together a fraying empire on the verge of collapse.  Sound familiar?

 

OTOH it was also just a big family feud among the blood relatives ruling UK, Germany, Russia etc. that took 10 million lives to settle.

Wed, 12/15/2010 - 10:23 | 807773 Internet Tough Guy
Internet Tough Guy's picture

It might be a big deal to other countries in their monetary union. You know, the ones buying their debt.

Wed, 12/15/2010 - 11:00 | 807863 ZackAttack
ZackAttack's picture

And Ireland's about on a scale with Indiana. So, they're both too small to matter; therefore, no need for a bailout. I agree completely.

Wed, 12/15/2010 - 11:07 | 807888 unununium
unununium's picture

Ah but that's no limit to the amount of derivative bets that can be placed on said economy.

Wed, 12/15/2010 - 10:14 | 807738 plocequ1
plocequ1's picture

Wait,Wait let me guess.. Futures are green.

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