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Nigel Farage Holds Funeral Procession For Euro In The Middle Of Brussels

Tyler Durden's picture





 

The world's premier euroskeptic, Nigel Farage, just held a funeral procession for the Euro after Europe now has just 10 days left in which to save its battered currency. ND at the rate Europe is imploding, Nigel won't have long to wait to get confirmation that all his concerns about the flawed European experiment were not only grounded but outright optimistic. And yet Europe, caught up in its own historic ponzi, refuses to do the right thing which is to impair banks with a 50%+ haircut, and instead will kick the can down the road, in the process destroying any residual liquidation value of hundreds of trillions of impaired assets, which as has been pointed out on numerous times before, are concurrently the liabilities of other banking institutions, therby making the entire central banking plan of debt inflation pointless. Farrage summarizes this best: "European banks are going to take a hit at some point anyway, if you are a bank owed a great deal of money it's better to get 50% of it than none of it. Down the path we are going now is heading for a total bust." Probably a good analogy is that if Bernie Madoff was stopped in the 80s or ever 90s, much of his capital would have been recovered. Alas, waiting until he himself cried uncle, guaranteed no recoveries for anyone. It is sad that Europe, and the entire "developed world" has decided to pursue this path.

 


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Fri, 06/24/2011 - 12:00 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Zombie movie sure to follow

Fri, 06/24/2011 - 12:09 | Link to Comment TruthInSunshine
TruthInSunshine's picture

I posted this is another thread a moment ago, but the back and forth theater, 'headlines,' rumor, and all around fictionary regarding Greece, Italy, Spain, the other PIIGSies (not to mention UK & Amerikan debt) is actually more humorous than this actual piece of fictitious theater:

Lip my stockings
Fri, 06/24/2011 - 12:23 | Link to Comment Caviar Emptor
Caviar Emptor's picture

Zombies all around: we got zombie banks, zombie economies, why not a zombie currency? 

Fri, 06/24/2011 - 12:57 | Link to Comment cougar_w
cougar_w's picture

When the zombies take over, they'll use zombie currency to buy brrrraaiinnnnzzzz.

Sat, 06/25/2011 - 03:55 | Link to Comment Michael
Michael's picture

When the American zombies rise up, they will have 200+ million personal firearms in their hands.

Nigel Farage is the British Ron Paul on steroids. I love both them guys.

I thank God every day for the complete and total worldwide economic collapse.

The oligarch aristocrat families must be shitting bricks in their sleep thinking about how much money they are going to lose when the sovereign default scalping comes.

So they will be poor oligarchs, so they have to eat tuna fish sandwiches and ride in the subway then, so what.

Sat, 06/25/2011 - 03:55 | Link to Comment Transformer
Transformer's picture

More like 450+ million.

Fri, 06/24/2011 - 13:00 | Link to Comment Dre4dwolf
Dre4dwolf's picture

Pretty soon when the starvaation hits we will have zombie people.

 

Fri, 06/24/2011 - 13:09 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Starvation is a ways off.

We have soylent pink now:

Chicken Nuggets

 

Fri, 06/24/2011 - 14:12 | Link to Comment IQ 145
IQ 145's picture

 That Nigel, he's a right starter. I love that boy.

Fri, 06/24/2011 - 19:50 | Link to Comment eureka
eureka's picture

Starring EU bailout recipient UK (400% debt/GDP) .

Opens next summer in a theatre near you.

Fri, 06/24/2011 - 12:01 | Link to Comment Ahmeexnal
Ahmeexnal's picture

WWIII about to break out, courtesy of the franco-german banking cartel.

Fri, 06/24/2011 - 12:18 | Link to Comment Central Wanker
Central Wanker's picture

I would love to junk you, but I just can't...

Fri, 06/24/2011 - 13:44 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Your moniker just gave me my first laugh of the day!

Fri, 06/24/2011 - 12:48 | Link to Comment PY-129-20
PY-129-20's picture

How? Why? Germany? Why should we attack anyone? This isn't the Germany of past. Germany has changed. We don't want to fight wars, we don't want to send our troops to foreign countries. Unfortunately, it is part of the current NATO tactic.

War almost destroyed our nation.Our nation was divided for 40 years, our cities were in ruins, our manufacturing was destroyed, some of our men were prisoners of war for more than ten years, families were divided; we had commited terrible, terrible deeds in the name of a criminal regime, the whole world hated us and to some extent still don't like us, thousand years of great German history were reduced to 12 years of madness. It's even hard to be a fan of the Ancient German tribes, because you are automatically linked to far-right groups.

Some German-Americans changed their names to hide their German ancestry. And although it might not be popular to say it, but German-Americans is a huge group in the USA; and I am not speaking about Nancy Pfotenhauer or this Wurzelbacher guy.

And even the British have a strong link to the ancient German (Nordic) tribes. And earlier the house of Windsor: It was founded by King George V by royal proclamation on the 17 July 1917, when he changed the name of his family from the German Saxe-Coburg and Gotha to the English Windsor, due to the anti-German sentiment in the United Kingdom during World War I. And Battenberg was suddenly Mountbatten!

 

No, sir. War is not popular in Germany anymore. In the past, you sacrificed your life for the Fuehrer or the Kaiser. But in modern Germany nobody wants to sacrifice his life for his fatherland anymore.

I've the greatest respect for our ordinary soldiers and engineers (that's why I like the Panther and Tiger tank, Stuka, Horten), although they fought for a criminal regime. And sure, I make sometimes jokes about invading the ECB with an old Panther tank or I love to listen to Feindflug. But I am not willing to fight for some elites in Berlin. And around 90 % of all Germans think the same.

Maybe, there will be war between Pakistan vs. India, China vs. Taiwan (South China Sea), North Korea vs. South Korea, Iran vs. Israel...

Plus: Unlike contemporary America we don't have a strong military anymore. Hell, we don't even have nukes (just twenty American nukes in the Rhineland area) We still have great weapon manufacturing though.

Fri, 06/24/2011 - 13:24 | Link to Comment Bastiat
Bastiat's picture

Good post, PY.  Few in the US understand how complete is the German disgust with war and nationalist aggression.

Fri, 06/24/2011 - 13:26 | Link to Comment Bastiat
Bastiat's picture

Good post, PY.  Few in the US understand how complete is the German disgust with war and nationalist aggression.

Fri, 06/24/2011 - 13:37 | Link to Comment AGuy
AGuy's picture

Wait for the pensions to be completely lost, Riots in German streets and empty store shelfs.

Another round of fascism is coming to Europe. Europe already has too strong central gov't. Europeans are too dependant on their central gov'ts and lack shelf-sufficiency. When the Central planners fail, there will be blood on the streets, exactly want happened about 90 years ago (its already happeing in Club Med and will spread North). This will lead to Europeans to put in power men of ambition, and Europeans will egerly give up rights and freedom, to get a full belly and a job. Fascism wasn't limited to just Germany, Spain, Italy, etc were also ruled by fascist dictators. The first Fascist leader will probably not be Germany, but it unlikely that Germany won't resort to extreme gov't again.

 "Unlike, contemporary America we don't have a strong military anymore".

Germany had no military after the 1918 Armistice. Less than 20 years later, Germany had the biggest Military force in the World (US had larger industrial capacity, but a much smaller military force before 1939)

"But in modern Germany nobody wants to sacrifice his life for his fatherland anymore."

Same could be said a decade or two prior to WW 1 and WW 2. Especially after WW1 when the German population was decimated. Sentiment changes very quickly when the German Mark became worthless. When you're starving and have no job, suddenly any opportinuty becomes very interesting. Perhaps the next rally won't be to blame the Jews, but to blame the bankers!

The US is very much likely to divide into regional nations, as states are forced to abandon the union as the dollar value disappear. Another civil war is likely in the US as regions struggle for power and access to resources in the US. All of the power of the federal gov't comes from the US dollar. Once it becomes worthless the Federal gov't becomes powerless. US has state gov't that will pick up the pieces after the federal gov't fails. Its should be clear soon that the US federal gov't days are numbers. The quality of US federal politicans is declining rapidily with O'Bama (democrat) and Sarah Parlin, Mit Rommey (Republican Candidates) who are all inept, and lack any logic or reasoning skills. These people run on a ego trip and run for their own person benefit instead of working for the benefit of the nation. The US as a union, is a lost cause, just like the EU is now failing.

 

Fri, 06/24/2011 - 16:18 | Link to Comment Rynak
Rynak's picture

All of this is irrelevant considering the context. Germany has:

- No strong military which it can deploy in a matter of years

- Of what it has, organisational issues mean, that of it's supposed army of 250.000, actually less than 10.000 are ready for deployment

- Regarding military hardware, if you look through its inventory, it becomes clear that the composition is totally obsolete - the lineup is almost exclusively designed for land warfare, with only very little air and sea power and defense.

Then add to this that sentiment of the population is highly incompatible with waging war, let alone in europe, and it becomes clear that germany has no way to react militarily to the euro crisis. Things may be different in 20 years, sure, but the european experiment will be long over by then.

Fri, 06/24/2011 - 18:54 | Link to Comment AGuy
AGuy's picture

"No strong military which it can deploy in a matter of years"

Neither did Germany in the early 1930's when the Nazi Party obtained the majority in the Reichstag. It didn't take very long to transform German in the strong Miltary power in the World.

 "Then add to this that sentiment of the population is highly incompatible with waging war"

Go read German Newspapers in the early 1920's and you read that the Germans had the same sentiment back then. By the mid 1930's that had all changed, as the Nazi party used  nationalism to rally the population.

People are no different today than they were 50, 100, or even 2000 years ago. Somehow you think people have changed. For a population that is alledgely pacificist, they sure can brawl as well as the English at football (Soccer) games.

Is Fascism going to rise in Germany Tommorow or even next year? No, but to say its not possible would be poor reasoning.

 

"Things may be different in 20 years, sure, but the european experiment will be long over by then"

I doubt it will take 20 years for Germany to rebuild its army. While it lack hardware of its own, it has the techology and industrial capacity to crank out jet fighters, tanks and bombers in short order. German does already produces aerospace miltary hardware for Nato, and Germany has developed it own tanks. The only holding them back is that US is providing Security in Europe.

When US federal gov't collapses, it leaving a vacuum for other nations to fill the void. Perhaps its France or Russia that will try to muscle its way in attempt to grab power/resources. Other industrialize nations will quickly choose to beef up thier military infrastructure in order to prevent them from dominating the region. Germany is smack in the middle and will have to act in the absent of the US power in Europe.

I suspect the US will begin withdrawing US forces from Europe in the next two to three years, because it simply can no longer afford to maintain its overextended miltary power. US will focus in regions that matter US interest, most likely the Middle east and Africa (oil producers) to ensure the flow of Oil. The US will also need to recall forces to address civil disobeyance at home as the economy continues to stall and American public becines irate when they wake up an realize that DC has screwed them.

Fri, 06/24/2011 - 19:27 | Link to Comment Rynak
Rynak's picture

Yeah, yeah, blah blah..... what do all those long-term possibilities have to do with the original scenario, that is the current euro-crisis?

Nothing? See, end of story. Your argument is off-topic. You're talking about longterm consequences, when the topic was the next few years. Your arguments about possible longterm consequences may or may not be true - but in any case, they have nothing to do with the original argument. There is no way in hell, how germany can in a matter of 5 years modernize and ramp up its entire military, train everyone for all this stuff, reorganize its military buerocracy, and undo 60 years of public indoctrination.

Sat, 06/25/2011 - 04:08 | Link to Comment Transformer
Transformer's picture

Aguy said "People are no different today than they were 50, 100, or even 2000 years ago"

What is different is where people get their information.  What has occurred is an information revolution.  The only way the elites could do what they did before would be to shut down the internet and somehow get the populace to accept that.  Brzinski (sp?) told a CFR meeting last year that more people are awake and politically aware than at any time throughout history.  The elites continue with their game, thinking that this has not occurred.  Their game depends on the masses not knowing what is going on.

Fri, 06/24/2011 - 13:52 | Link to Comment Don Diego
Don Diego's picture

Germany has zero political power. It is an occupied country, there are tens of thousands of US combat troops there and will never leave. Ditto for Japan and Italy.

 

Germany is a vassal state of the criminal banking oligarchy. However, the populace is actually pacifist.

Fri, 06/24/2011 - 13:59 | Link to Comment nonclaim
nonclaim's picture

It's even hard to be a fan of the Ancient German tribes, because you are automatically linked to *far-right* groups.

Homework to anyone that still swallows this crap (that is most people) is to find a link between the *leftist* programs of the Nazi government to any far-right group.

Fri, 06/24/2011 - 15:05 | Link to Comment Things that go bump
Things that go bump's picture

You are confused.  Communism is the far left of the left wing.  Fascism is the far right of the right wing.  There was nothing progressive or liberal about the Nazis.  Economically, in that system gains were privatized and losses were socialized, kind of like today. Mussolini said that, "Fascism should rightly be called Corporatism, as it is the merger of corporate and government power." 

Fri, 06/24/2011 - 15:48 | Link to Comment nonclaim
nonclaim's picture

Show me the link is what I asked.

You, instead, just glazed over it and parroted the party line.

Fri, 06/24/2011 - 16:33 | Link to Comment Things that go bump
Things that go bump's picture

How can we debate if we can't agree about basic definitions?

Fri, 06/24/2011 - 17:30 | Link to Comment nonclaim
nonclaim's picture

True. But we can agree that if one of the basics have opposing definitions either one (or both) is wrong. I won't have time to continue now... Either way, have a good weekend.

Fri, 06/24/2011 - 17:42 | Link to Comment Things that go bump
Things that go bump's picture

You too.  Unfortunately, I have to work.

Fri, 06/24/2011 - 13:58 | Link to Comment Freddie
Freddie's picture

+1

Fri, 06/24/2011 - 15:29 | Link to Comment SteveNYC
SteveNYC's picture

Good post, put it in a time capsule. In 80 years it will be interesting to gauge the then-American view and feeling toward war and foreign occupation. Economic collapse in the USA an absolute shoe-in during the interim, shrinkage and pullback of military a given.

Fri, 06/24/2011 - 13:12 | Link to Comment double 007
double 007's picture

Fri, 06/24/2011 - 18:57 | Link to Comment walküre
walküre's picture

1913 inception of the Fed.

2 world wars followed

2008 the official end of the American superpower

next big war is already programmed

your tax dollars at work

Fri, 06/24/2011 - 11:58 | Link to Comment SilverRhino
SilverRhino's picture

God damn where's the LIKE button??

Fri, 06/24/2011 - 12:07 | Link to Comment NotApplicable
NotApplicable's picture

See the stars right under the youtube video? Click away!

Fri, 06/24/2011 - 12:03 | Link to Comment Global Hunter
Global Hunter's picture

And to think there is still people in the UK who'd like to join the Euro still.  Farage is great.

Fri, 06/24/2011 - 12:41 | Link to Comment Pool Shark
Pool Shark's picture

 

"And to think there is still people in the UK who'd like to join the Euro still."

They've had their brains eaten by Zombie Banksters...

 

Fri, 06/24/2011 - 13:52 | Link to Comment the tower
the tower's picture

farage = bankster

 

are you blind or what

Sat, 06/25/2011 - 04:07 | Link to Comment Transformer
Transformer's picture

That's some rather odd math.

Fri, 06/24/2011 - 12:07 | Link to Comment Oh regional Indian
Oh regional Indian's picture

Well, at least the brits have a sense of humor.

Classic.

ORI

http://aadivaahan.wordpress.com/2011/06/21/thunder-perfect-mind/

Fri, 06/24/2011 - 12:08 | Link to Comment alien-IQ
alien-IQ's picture

perhaps a reasonable explanation for the central bank (and government) mentality might be found in the following statement:

"Should government refrain from regulation and taxation, the worthlessness of the money becomes apparent and the fraud can no longer be concealed."

John Maynard Keynes "The Economic Consequences of Peace"

Fri, 06/24/2011 - 15:29 | Link to Comment narnia
narnia's picture

this reality is true whether a central government or a central bank issues fiat currency. a government must regulate legal tender laws by force, make people pay taxes by force with that legal tender & the citizens must actually respect that force & comply with it (rule of law)... or the fiat currency fails.

Fri, 06/24/2011 - 12:15 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Insanity can only result in utter collapse since for the insane to do anything to actually save the system would be directly opposed to the underlying insane impulses.

It must self destruct in order to complete the insanity cycle. To expect or even hope that the insane can or will be reasonable or responsible is to demonstrate with 100% certainty that we are also insane.

When we we final accept the inevitable? We must do what they will not and can not do.

Fri, 06/24/2011 - 13:05 | Link to Comment narnia
narnia's picture

people are not innocent bystanders here.  nothing is stopping states from breaking up legal tender laws, setting up people's grand juries, nullifying unconstitutional laws & going after the constitutionality of the Fed & US participation in international institutions.  

at some point you have to ask yourself, are you a sheep for not being awake to the reality or you a sheep for watching this take place and not doing anything about it?

Fri, 06/24/2011 - 18:52 | Link to Comment Founders Keeper
Founders Keeper's picture

[people are not innocent bystanders here.  nothing is stopping states from breaking up legal tender laws...]---narnia

Hi narnia.

You are right, they are not innocent bystanders. IMO, they are ignorant bystanders. (As I used to be.)

Legal tender laws, jury trials, nullification, the unconstitutional establishment of the Fed Resv, etc. are all non-sense to an ill-informed people. To the average American, you're talking crazy talk---that's how far we've fallen from our nation's founding principles.

Cog Dis was correct for the most part. However, you and I cannot unwind this web. Impossible now. This evil web is so complete the spider will soon find itself ensnared. Then he'll panic. Afterwards, we are responsible to setting things right. I hope you're with us.

 

Fri, 06/24/2011 - 13:09 | Link to Comment cougar_w
cougar_w's picture

Do something? You so crazy.

My wife and I have this running joke that the way things are you'd have to be crazy not to go insane, and anyone who's acting normal must have already lost their mind.

Like all wry humor, it's funny because it's true.

Example: I confronted a homeless guy on the rail platform yesterday. He was ranting at the top of his lungs, profanity and arguing with invisible people. I told him to shut up because he was scaring everyone. He sobered right up and started arguing with me about how he doesn't need to do what I say. Gonna kick my ass, etc.

But he did wander off, his ranting at an end. I got on the train and went to work.

He was not actually crazy, I realize that now. Self indulgent yes, bored certainly. Knew just what he was doing, he was annoying the fuck out of the commuters going to their posh jobs in SIlicon Valley.

I see that guy again, I'm buying him breakfast. I bet he has a lot to say about shit, living it every day.

And maybe the only sane stranger I interacted with the entire day.

Fri, 06/24/2011 - 13:33 | Link to Comment carbonmutant
carbonmutant's picture

You sound like you've been talking to the Cheshire Cat again.

Fri, 06/24/2011 - 13:48 | Link to Comment cougar_w
cougar_w's picture

Me and the snoop catt, we tight.

Fri, 06/24/2011 - 12:09 | Link to Comment Eireann go Brach
Eireann go Brach's picture

I bet Sarkozy will jump out of the coffin in a monkey suit

Fri, 06/24/2011 - 12:15 | Link to Comment hungarianboy
hungarianboy's picture

no no nooooo, Barosso :-)

Or Sarkozy TOGETHER with Barosso :-)

That'd be EPIC! LOL

Fri, 06/24/2011 - 12:12 | Link to Comment Atomizer
Atomizer's picture

LOL, too funny. This reminds me of his Treaty of Lisbon Chicken Run.

Fri, 06/24/2011 - 12:12 | Link to Comment gorillaonyourback
gorillaonyourback's picture

CDS insurance lets see if they pay off.  LMAO

Fri, 06/24/2011 - 12:13 | Link to Comment williambanzai7
williambanzai7's picture

Fri, 06/24/2011 - 12:14 | Link to Comment Atomizer
Atomizer's picture

Captioned: Free Barrel Rides

Fri, 06/24/2011 - 12:17 | Link to Comment JR
JR's picture

Priceless!

Fri, 06/24/2011 - 12:25 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

In this case it's not the fall that kills you nor even the sudden stop. Not being able to breath from being held underwater by the constant pounding of failing currencies from above is the ultimate problem.

Go long re-breathing scuba gear aka PMs and other real assets.

Fri, 06/24/2011 - 12:57 | Link to Comment Miss Expectations
Miss Expectations's picture

I was saving this for a Bernanke thread, but here's a video of Niagra Falls (sans barrel).

http://www.youtube.com/watch?v=mxCOkmHcs6w

Fri, 06/24/2011 - 12:14 | Link to Comment Martin Silenus
Martin Silenus's picture

Nigel, you remain my hero.  10...9...8...

Fri, 06/24/2011 - 12:11 | Link to Comment equity_momo
equity_momo's picture

hahahah brilliant.

Fri, 06/24/2011 - 12:42 | Link to Comment SWRichmond
SWRichmond's picture

Simple, memorable, and easy to understand.  Perfect.  Well Done Nigel!

Fri, 06/24/2011 - 12:15 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

 

The Press:

What about the children?! Won't somebody please think of the children!?! What will happen if we don't continue to do the same thing as before?! Oh the humanity!

 

Nigel: Look, piss off ya nunce.

Fri, 06/24/2011 - 12:35 | Link to Comment SheepDog-One
SheepDog-One's picture

If the press is so concerned about 'the children', then they can put down the microphones and cameras and their mealy-mouth questions and go set up a relief fund. Perfectly free to do so.

Fri, 06/24/2011 - 12:17 | Link to Comment hungarianboy
hungarianboy's picture

+10000000 zillion for Nigel :-)

Fri, 06/24/2011 - 12:19 | Link to Comment RetiredSilverBug
RetiredSilverBug's picture

Euro will do fine. The whole info war launched against euro can not fix US structural problems. Euro will outlive dollar as a reserve currency (thanks to hardworking and saving nations like Germany).

Fri, 06/24/2011 - 12:37 | Link to Comment SheepDog-One
SheepDog-One's picture

No, its not a '1 currency is fine, just got to get around the propaganda' its ALL bankrupt, bunch of printed to oblivion fiat currencies with no backing...SEVERE haircuts must be taken!

Fri, 06/24/2011 - 14:05 | Link to Comment Freddie
Freddie's picture

Germans should have stayed with the DM.  Italy the lira.  It was far from perfect but sovereign currencies work better and decentralization is better.

Europeans cannot throw the bums out in Brussels.  They are all the same except Farage and Hannin.

Fri, 06/24/2011 - 12:20 | Link to Comment gorillaonyourback
gorillaonyourback's picture

CDS insurance lets see if they pay off.  LMAO

Fri, 06/24/2011 - 12:20 | Link to Comment bank guy in Brussels
bank guy in Brussels's picture

Nigel Farage is one of the most talked-about MEPs in Brussels.

Whatever one's views, it's undeniable he is eloquent and entertaining, at times to the point of hilarious laughter.

For those who missed it, one of his most memorable moments in the EU Parliament, quite funny and pointed - just over 3 minutes:

'The Euro Game Is Up! Just who the hell do you think you are?' - Nigel Farage MEP

http://www.youtube.com/watch?v=Fyq7WRr_GPg

Fri, 06/24/2011 - 12:19 | Link to Comment equity_momo
equity_momo's picture

nice reposting of a legendary performance in the European Parliament.  What a bunch of wankers those MEPs are.

Fri, 06/24/2011 - 14:09 | Link to Comment Freddie
Freddie's picture

It is amazing - I am in the USA and I think I can remember more than a few of Nigel's lines.  I loved the "look at old Baroso - it looks like he has seen a ghost."

Just scathing wit and truth telling.  He should be the PM of England or POTUS.  Farage is British citizen like the Kenyan - so he is eligble to be POTUS.

 

Fri, 06/24/2011 - 12:17 | Link to Comment equity_momo
equity_momo's picture

This sums up the journalists at this scene : "head in sand"       and thats the state of the average citizen.  They simply cannot even begin to think Nigel could be right . Brainwashes zombies.

Fri, 06/24/2011 - 12:21 | Link to Comment DonutBoy
DonutBoy's picture

Hate speech, prosecute him

Fri, 06/24/2011 - 12:37 | Link to Comment Silver Dreamer
Silver Dreamer's picture

He has already survived one "mysterious" plane crash.  Long live Mr. Farage!  May his enemies fail.

Fri, 06/24/2011 - 12:23 | Link to Comment Boston
Boston's picture

The Spanish 10 year govvie is breaking out of a six month wedge.  Next stop 6.0%+?

Oh, one more thing about Spain:  timberrrrrrrr!

 

Fri, 06/24/2011 - 12:19 | Link to Comment SheepDog-One
SheepDog-One's picture

Greeny, hows that Wednesday 'long Euro 1.46 EZ certain profit' trade you made workin out?

Fri, 06/24/2011 - 12:21 | Link to Comment Catullus
Catullus's picture

I need a Wrath of Khan graphic//Spock funeral scene with the euro.

Fri, 06/24/2011 - 12:25 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

Its increasingly clear that Farage represents certain London interests - he is not against the free movement of capital and so therefore cannot argue for control of people movements as Labour always follow the money.

Without state control of utilties and other such strategic investments you would get another Post UK 1960 / Post EMU malinvestment orgy.

His stunt was a good one however - I could have sworn that was Keith Floyd at the back of the Coffin !!

That takes some commitment - to come back from the dead to bury the Euro is quite something.

Perhaps he wishes to keep social stability withen the gastronomic jewels of Europe ?

 

 

Fri, 06/24/2011 - 12:33 | Link to Comment equity_momo
equity_momo's picture

How is arguing for tighter immigration controls contradicting the free movement of capital???

Fri, 06/24/2011 - 15:10 | Link to Comment THE DORK OF CORK
THE DORK OF CORK's picture

The City of Londons Hinterland is not England Ray(equity momo) - it has control of the worlds capital - when it projects such awesome force people will come.

 

www.youtube.com/watch?v=hU3a1PDtTYk

 

Fri, 06/24/2011 - 12:27 | Link to Comment FranSix
FranSix's picture

They'll let Greece go with a retainer agreement if only they would sell their central bank gold into the London market day after day. (which has already been sold several times over)

Fri, 06/24/2011 - 12:26 | Link to Comment lynnybee
lynnybee's picture

l.o.l.  ........  please forward this to all your European friends !  

Fri, 06/24/2011 - 12:26 | Link to Comment equity_momo
equity_momo's picture

hahaha i bet Nige is short a few French banks too. He got that dig in several times.

Fri, 06/24/2011 - 12:39 | Link to Comment jointhewave
jointhewave's picture

Watch the YouTube video...


The Manchurian President - A story of war and deception

http://www.youtube.com/watch?v=PhOwfn4wA8k

 

Absolutely amazing, cunning and enlightening short film depicting the collapse of Empire America.

Fri, 06/24/2011 - 12:28 | Link to Comment Version 7
Version 7's picture

This is the European Council logo, and we can find it eg in the last meeting's familiy pic:

Although I'm not a NWO freak, one must admit that the symbolism is too obvious and too outrageous. Why make it look like an eye? Isn't the damn flag enough? These people are indeed crazy.

Fri, 06/24/2011 - 12:34 | Link to Comment zorba THE GREEK
zorba THE GREEK's picture

 New ECB chief Count Draghila will finish job of sucking last drop of

 blood from Greeks. Then Greece will become zombi land. Greeks....

 fight back before it's too late.

Fri, 06/24/2011 - 12:34 | Link to Comment MiningJunkie
MiningJunkie's picture

Sensational story - Nigel is right on the money. Let's get a funeral procession in Washington next led by Peter Schiff.

Fri, 06/24/2011 - 14:02 | Link to Comment the tower
the tower's picture

yup he is right on the money...

euro gone, dollar gone, one world currency...

and you like this guy?

Fri, 06/24/2011 - 12:35 | Link to Comment Version 7
Version 7's picture

Fri, 06/24/2011 - 12:33 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Farage is absolutely correct.

Just kill it.

Kill the BernankBuck, too, and get back to the American Greenback (yeah, baby!) while we're at it.

The lunatics really have taken over the asylum.

Fri, 06/24/2011 - 12:40 | Link to Comment ShankyS
ShankyS's picture

Amen.

Fri, 06/24/2011 - 12:38 | Link to Comment cocoablini
cocoablini's picture

Nigel is the Ron Paul for the British Commonwealth. He is of course well-spoken, 100% right and anti-European monolithic state. As are most normal, non-banking interests in GB. And like Ron Paul, the media pushes him laterally to the fringe. But, I would short French banks about now if you haven't done so. You can kiss the BNP Paribas tennis tournament Au revoir

Fri, 06/24/2011 - 12:38 | Link to Comment Pool Shark
Pool Shark's picture

 

"This just in:  The Euro is still dead."

 

Fri, 06/24/2011 - 12:41 | Link to Comment kaiten
kaiten's picture

Nigel Farage can bury the euro, EU or whatever he wants. There´s just one thing he cannot bury - his idiocy. Because that´s immortal.

Fri, 06/24/2011 - 12:59 | Link to Comment xiantian
xiantian's picture

Farage may be indeed correct.

The problem is that to cut Greek funding is akin to chopping off a gangrened limb, and then leaping cold and naked into an icy river.

Due to the size and complexity of credit default swaps and derivatives, the bankruptcy of one European country could quite possibly be the falling domino which sets off a string of collapses bringing shocking hardship globally.

That may be the best thing in the long run, but not many who foresee the immediate consequences have the guts to do it.

Fri, 06/24/2011 - 12:52 | Link to Comment swissaustrian
swissaustrian's picture

Funny thing that he is from the UK which has an even worse currency - the GBP.

Fri, 06/24/2011 - 14:04 | Link to Comment the tower
the tower's picture

+1

Fri, 06/24/2011 - 12:56 | Link to Comment g
g's picture

Great video even better concepts by Farrage. So it looks like Farrage is the Paul of Europe. Would be nice to see some other politicians, citizens, and media step up and take a stand instead of acting like pussies.

Fri, 06/24/2011 - 13:21 | Link to Comment wisefool
wisefool's picture

Humor:

This is not the beginning of world war III. This is the beginning of the "Sound Money Advocates" (Jedi) purge.

Better story telling in this video than Farge's:

Who is John Gault/Luke Skywalker?

http://www.youtube.com/watch?v=uCzLBdqC3sw

Fri, 06/24/2011 - 13:14 | Link to Comment glenlloyd
glenlloyd's picture

Well he's absolutely right, the second bailout even if it's approved will not be the end, and it's just more debt that in the end cannot be serviced. Again the whole debate about whether you can solve an over-indebted countries problems with more debt is ludicrous.

If you can't service the debt you have how will more solve your problems? It cannot, it can only postpone the problem till another day, but the consequences when that day arrives will be that much worse.

The whole premise behind saving them was that they could grow their way out of it eventually, and that's just not going to happen, perpetual growth is a myth. And the idea that they could use these crises as a way to push for the next level, the creation of the euro government, is lunacy.

Fri, 06/24/2011 - 13:37 | Link to Comment Seasmoke
Seasmoke's picture

Long Live Nigel !

Fri, 06/24/2011 - 13:42 | Link to Comment carbonmutant
carbonmutant's picture

Forget Greece, Watch Out For The Banks

What investors are collectively telling us, Hussman’s chart makes clear, is that default is almost certain, and it's only a matter of by how much and when. Whether you assume that 5 percent, 20 percent or 40 percent is taken off the net present value of Greek government debt, a default by 2013 is priced in completely.

Eventhough Greece is important, it’s a sideshow when compared with the battle over potential writedowns in the debt of European banks.

http://www.indexuniverse.com/sections/blog/9417-forget-greece-watch-out-...

 

Fri, 06/24/2011 - 13:38 | Link to Comment topcallingtroll
topcallingtroll's picture

The ecb can just copy bernanke.

even if there is no agreement this round, a poor country of 12 million people could not end the euro experiment. just kick the greeks out now and be done with it.

Fri, 06/24/2011 - 13:48 | Link to Comment the tower
the tower's picture

when the euro tanks he will flip to support a one-world currency...

Fri, 06/24/2011 - 13:49 | Link to Comment the tower
the tower's picture

when the euro tanks he will flip to support a one-world currency...

Fri, 06/24/2011 - 14:19 | Link to Comment Flore
Flore's picture

Tyler,

 

Does it hurt that the Euro stays that strong against the greenback... Remember.. the ECB uses mark to market gold every quarter on it's balance sheet... you should sniff that out instead of bashing the euro.. In fact you could actually learn how a modern currency will be managed in the future...

Fri, 06/24/2011 - 18:57 | Link to Comment dugorama
dugorama's picture

Yeah, all $300 million of it (ECB gold) at $1600 / oz.  Which is approximately enough to do what?

Sat, 06/25/2011 - 02:00 | Link to Comment Flore
Flore's picture

what if the ecb starts buying gold outright in the open market...? You guys don't think... only criticize

Fri, 06/24/2011 - 15:32 | Link to Comment Pool Shark
Pool Shark's picture

 

Euro: "I'm not dead... I don't want to go on the cart... I feel fine... I think I'll go for a walk... I feel happy; I feel happy..." [THUD!]

 

Fri, 06/24/2011 - 17:58 | Link to Comment VyseLegendaire
VyseLegendaire's picture

We need more ballsy politicians in the US willing to pull stunts like this. 

Fri, 06/24/2011 - 19:25 | Link to Comment PulauHantu29
PulauHantu29's picture

EuroBanks are busy dumping this c-r-a-p to China buyers telling them..."better buy this stuff or we'll stop buying all your toys."

Even better, threaten China with sending the French Colonials back into Asia again since Sarkozy is bucking hard for the next Nobel Peace Prize.

Fri, 06/24/2011 - 23:46 | Link to Comment cranky-old-geezer
cranky-old-geezer's picture

The Euro is a long way from dead. 

Don't misunderstand, the Euro will die, just like the US dollar will die, just like every unbacked paper currency eventually dies.

But Greece won't be the death of it.

Monetary hyperinflation will be the death of it, just like monetary hyperinflation will be the death of the US dollar.

Euro-banks will not tolerate haircuts.  So the ECB will print more Euros and loan them to Greece to keep Greece from default.  Same thing will happen in other collapsing Euro-nations. 

Nobody defaults.  ECB will print and loan and print and loan and print and loan to keep eveyone out of default.   Just like the Fed will do here in America.

But the Euro will drop to worthlessness along the way. Just like the US dollar will.

Fri, 06/24/2011 - 23:49 | Link to Comment sbenard
sbenard's picture

I love Nigel Farage! What a brilliant idea!

Sat, 06/25/2011 - 07:40 | Link to Comment trx
trx's picture

"A caricature is putting the face of a joke on the body of a truth"

 

The Best of Nigel Farage

 

 

Sat, 06/25/2011 - 08:15 | Link to Comment css1971
css1971's picture

The death of the euro and dollar will be used as an excuse for a world currency.

Presumably run by the BIS.

SDRs for everyone!

 

And this would of course be how the Swiss take over the world.

Sat, 06/25/2011 - 18:21 | Link to Comment trx
trx's picture

Well, first we have to determine who's systemically important, and who's not.

http://www.bis.org/press/p110625.htm

When all the obstacles have been cleared: one world, one central bank, one currency...

"Future regulators should continue this trend and make sure that regulation of the financial system keeps evolving, especially when public concerns about global financial crises fade away. And ideally, the next round of reforms should be even more harmonised at the international level."

http://www.bis.org/review/r110622f.pdf

"National policy-makers and authorities need to take full responsibility.National authorities need to address outstanding imbalances urgently, by restoring fiscalsustainability and by putting the financial sector on a healthy footing. Embarking on this pathwould also ensure that the single monetary policy fits all."

http://www.bis.org/review/r110617g.pdf

 

"Come with uncle and hear all proper. Hear angel trumpets and devil trombones...you are invited!"

 

EconoTwist's
Sat, 06/25/2011 - 12:50 | Link to Comment Bluz
Bluz's picture

My neck hurts from nodding my head in agreement.

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