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Sovereign Default Time Capsule: What People Were Saying In Real Time As Debt And Currency Crises Played Out
Must read observations on the conversion from "impossible" to "inevitable", submitted by Michael Cembalest, Chief Investment Officer of JPMorgan Global Wealth Management
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"Information wants to be free" -Cyberpunk ethos.
It has been evident for some time that the ongoing speculative attack on Greece, along with such other countries as Spain, Ireland, Portugal, and Italy, was not primarily a reflection of their economic fundamentals, nor yet a spontaneous movement of “the market,” but rather an orchestrated action of economic warfare. The dollar had been relentlessly falling through the late summer and autumn of 2009. It obviously occurred to various Anglo-American financiers that a diversionary attack on the euro, starting with some of the weaker Mediterranean or Southern European economies, would be an ideal means of relieving pressure on the battered US greenback. Since these degenerate elites are incapable of directly solving the problem of the dollar through increased production, full employment, and economic recovery, one of the few alternatives remaining to them is to create a situation in which the euro is collapsing faster, leaving the dollar as the beneficiary of some residual flight to quality or safe haven reflex.
This is what emerged during the first week of December with a speculative assault or bear raid against Greek and Spanish government bonds as well as the euro itself, accompanied by a scurrilous press campaign targeting the “PIIGS,” an acronym for the countries just named, coming from inside the bowels of Goldman Sachs.
Now comes concrete proof of this conspiracy in the form of a Feb. 8 “idea dinner,” held at the Manhattan townhouse of Monness, Crespi, Hardt & Co, a boutique investment bank. Among those present were SAC Capital Advisors, David Einhorn of Greenlight Capital (a veteran of the fatal assault on Lehman Brothers in the late summer of 2008), Donald Morgan of Brigade Capital, and, most tellingly, Soros Fund Management. The consensus that emerged that night over the filet mignon was that Greek government bonds were the weak flank of the euro, and that once a Greek debt crisis had been detonated, all outcomes would be bad for the euro. The assembled predators agreed that Greece was the first domino in Europe. Donald Morgan was adamant that the Greek contagion could soon infect all sovereign debt in the world, including national, state, municipal and all other forms of government debt. This would mean California, the UK, and the US itself, among many others. The details of this at dinner were revealed in the headline story of the Wall Street Journal on Friday, February 26, 2010. (See article)
Nor was this the only cabal in town intent on attacking the euro through the week Greek flank. The article cited suggests that GlobeOp Financial Services and Paulson & Co. are also piling on. The zombie banks were also heavily engaged. The article reported that Goldman Sachs, Bank of America-Merrill Lynch, and Barclays Bank of London were also assisting speculators in placing highly leveraged bearish bets against the euro. Note that these zombie banks are alive today because of US taxpayer money, in Barclay’s case through AIG.
It amounted to a deliberate attempt to create a large-scale world monetary crisis which would certainly bring with it the dreaded second wave of the current world economic depression. The creation of monetary chaos in Europe through the convulsive destruction of the euro under speculative attack would cripple commodity production in western Europe, severely undermining one of the dwindling areas of the world economy which are still functioning. The genocidal implications for humanity ought to be obvious, but the assembled hedge fund hyenas were not concerned with these consequences.
George Soros has been telling every media outlet that will listen that the euro is doomed to fall apart and break up over the short run. Soros even has a theory to deploy as part of his speculative attack. Soros argues that the fatal flaw or original Sin of the euro is that it was based on a common central bank among the participating countries, but lacked a common treasury and tax policy. This means that a country like Greece can no longer defend itself from a speculative attack on its bonds by the simple expedient of currency devaluation, since there is no more drachma, and the euro is controlled from Frankfurt, not Athens. British spokesmen are quick to point out that, even though the financial situation of London is far worse than that of Athens, the British government is already devaluing the pound through a downward dirty float.
Given Soros’s infamous track record, he must be taken seriously. In 1992, Soros became world famous through his attack on the European Rate Mechanism, which he executed by a highly leveraged speculative assault on the British pound, at the time one of the weaker members of the ERM. Soros’ speculative attack led to a pound devaluation and the ragged breakup of the ERM, and netted Soros £1 billion in profits. It was as if Soros had personally stolen a £20 note from every man, woman, and child in Britain. The speculative gains were no doubt gratifying, but the overriding political purpose of the assault was to sabotage that phase of European monetary policy.
The London Economist has gone out of its way to mock Spanish Prime Minister Zapatero’s remark that Spain was under international speculative attack. Press organs of the city of London and Wall Street have ridiculed the Greeks as a nation of paranoid conspiracy theorists. And yet, the revelations made so far are strong circumstantial evidence of pre-concert, as Lincoln would say. Even the US Department of Justice has been forced to send letters to the participants in the infamous “idea dinner,” warning them not to destroy any of their records and thus putting them on notice that they are under investigation. While we should not have any illusions about the prosecutorial zeal of Attorney General Eric Holder, who once represented the international financial bandit Marc Rich, this is at least a beginning. Spanish and Italian judges are noted for their independence, and one of or more them may wish to examine the activities of Soros, Goldman Sachs, and their hedge fund allies.
Greece does not need an austerity program, as the Greek labor movement has eloquently argued in the course of their successful and admirable general strike last week. Greece does not need a bailout from Germany, the sinister International Monetary Fund, or from anyone else. Least of all does Greece need to accept the advice of Austrian school or Chicago schools charlatans who recommend the catharsis of a deflationary crash that would destroy an entire generation through unemployment, poverty, and despair. Greece needs to defend itself with a 1% Tobin tax on all derivatives and other financial transactions. Greece should take the lead in outlawing credit default swaps, which amount to issuing insurance without meeting the capital requirements of being an insurance company. Greece needs to enforce EU and national antitrust laws. If Soros and his gang succeed in breaking up the euro, Greece should make the best of it by immediately imposing heavy-duty exchange controls and capital controls to protect the new drachma, on the model of Malaysia a dozen years ago. Greece should shut down domestic zombie banks and seize its central bank and use it to issue 0% credit for industrial and agricultural hard commodity production. If the Greeks made plain what they intend to do if they are forced to fall back on the drachma, the financiers who fear such an example would have another reason to relent.
Another obvious expedient is that of a bear squeeze or short squeeze. Soros, Goldman Sachs, and their gang of hedge fund allies have now used derivatives to establish short positions against Greek bonds and the euro, betting that these latter will go down. Political pressure is now being brought to bear on the European Central Bank and the Greek central bank to undertake an unannounced large-scale purchase of Greek bonds and euros in the forward market, causing the Wall Street predators to lose their bets, thus punishing them severely with extravagant losses. This is normal central bank practice, and it will be astounding if the Greeks do not execute such a maneuver very soon.
The world now faces a stark choice between two alternatives, with Wall Street forcing the issue. The first is that the zombie banks and hedge funds, having been saved and bailed out by national states and their taxpayers, will repay the favor by driving the national states and all forms of state, provincial, and local government into bankruptcy. This will be synonymous with the destruction of modern civilization itself. The second and preferred alternative is that the national states summon the political will to use the inherent powers of government to place the zombie banks, hedge funds, and related purveyors of derivatives into bankruptcy receivership and shut them down once and for all, relying in the future on nationalized central banks for the provision of credit. The second alternative would allow the preservation of modern civilization as we have known it. But in the meantime, the derivatives-based speculative attack on the southern flank of the euro has accelerated the arrival of the second wave of depression, which now appears likely to strike the world before the end of 2010.
Thanks for the adjunct article! The kind of stuff that we don't often hear even in the alternative cybermedia.
Very thought provoking.
Careful now buddy, best to keep such thoughts to ones self these days or risk having to wear the red triangle armband ;-)
red triangle armband?
That's reserved for you in the U.S.of A.
I live in China's shangdong province,,,no chance of that manifesting!!!
http://en.wikipedia.org/wiki/Nazi_concentration_camp_badges
Looking forward to current events, the R. S. A. and Zimbawbe are far more relevant to government endorsed, systematic violent oppression of a certain ethnic group of people.
So in a few sentences, I'll sum this up for everyone.
Extend and pretend motherfuckers. The fiat ponzi scheme will never die. The only European crisis right now is their inability to manufacture printing presses. Oh, and attack the speculators for trying to expose the state for its desire to live in decades of fiscal excess at the expense of future generations.
I had a different summary: A handful of entities with capital to deploy saw a country with greater weaknesses than other countries. They decided to make some money off of it.
Gimme a break on the conspiracy. Did Greenhorn force Fuld to take on infinite leverage and overweight real estate? No, he just saw an acute problem, put in a short position, and then talked his book. No crime there. For the most part (carving out the Goldman bond debacle), same thing with the PIIGS.
What a crock of shit! As if the real fault is not governments living beyond their means. "The end of civilization as we know it?" F**k. Gimmee a break!
Excellent piece. Would you care to comment that saving records is a regulatory mandate anyway so a call to save was mere notice, grandstanding or a code to destroy?
"Even the US Department of Justice has been forced to send letters to the participants in the infamous “idea dinner,” warning them not to destroy any of their records and thus putting them on notice that they are under investigation."
Chris Powell speech
http://www.vimeo.com/8597899
LewRockwell.com today has picked up a powerful article by Karl Denninger, HOW LONG BEFORE YOU WAKE UP, POLITICOS?, that makes the case that: “We have been in depression for about 18 months and there is no evidence that we will exit it, as we have yet to find a way to pull back the deficit spending without an instantaneous collapse in the economy.” It also makes the case AIG may have written credit protection on Greece, and who knows where else, with the tab on the way to Joe6Pack. In addition, Denninger talks “numbers” on the one million active gang members in America, “responsible for more than three quarters of all crime in the country.” It begins:
I'm going to write today about a very somber subject. It will be, as it usually is here in one form or another, about math.
First, some background. If you believe that we have "escaped" from the mess that gripped this nation in 2008 and 2009, or that said mess "suddenly appeared" and "nobody saw it coming", stop reading now and have your Thorazine dosage checked. It's way off.
Assuming you accept the truth - that this mess was 20 year or more in the making, that it involved creating credit (that is, debt) which the debtor could never pay, and that it still exists because our government policy has been to extend, pretend and allow lies that should be considered accounting fraud and result in prison sentences, then you're on the right page to understand the rest of this missive. Again, if not, go check your Thorazine dosage.
Yes, I know all about the stock market rally from last March. I know all about the claimed GDP "improvement." But I also know that we got both by adding more than $2 trillion in debt to the United States - or roughly 14% of GDP - over the space of the last 18 months. That's about 10% of GDP annualized, and incidentally, a 10% GDP contraction is the common economist's definition of an Economic Depression.
So let's cut the crap - we are in a Depression right now. We are pretending we are not, just like you can pretend you didn't really lose your job so long as your credit card does not reach its limit. We have been in that depression for about 18 months and there is no evidence that we will exit it, as we have yet to find a way to pull back the deficit spending without an instantaneous collapse in the economy.
Yet at some point we must and will stop. We will either do so of our own volition, or we will do so when the cost of borrowing skyrockets, as others get tired of funding our profligacy. If we attempt to "print" our way out of it the cost of petroleum products will shoot the moon and destroy our economy anyway.
You haven't seen the half of what happened though - not yet. It appears that AIG - the company we have bailed out (thus far) to the tune of some $100 billion plus, in fact isn't done. It appears they may have written credit protection on Greece. If this allegation by the German equivalent to The New York Times is true Americans are going to be asked to pay billions of dollars - or more likely, hundreds of billions (since Greece is almost certainly not the only place - try Spain, Portugal, Ireland, etc) to bail out a bunch of FOREIGN NATIONS.
Do you both think Americans can and will pay that bill? A bill that has been forced on us, and yet benefits not The United States economy, but foreigners?
Wars - big wars - start over much less, my friends.
Oh, and let's not forget - some 30% of Greece's workers went out on strike to protest their "austerity measures." That's right - one in three.
The Fed and our fabulous Treasury Secretary already gave tens of billions of our hard-earned money to foreign banks to prop them up via AIG. That was just a down payment; now we all get to - quite literally - buy all their houses over in Europe. They get to keep living in them.
If you do not believe it is going to get much worse than it is now, economically and otherwise, you once again need to go have that Thorazine dosage adjusted…
Denninger concludes:
To the politicians who are reading this, your Thorazine dosage needs adjustment as well. The math is irrefutable. If, in point of fact, AIG has entangled itself with the European Continent there is no escape from what is to come. There is only destruction, and our only two choices are to cause as much of it as we can to occur there, by pulling the plug on these clowns now, or risk a literal World War. We may get one anyway, but if we bring the bulk of the damage here we'll be dealing with a civil collapse at the same time, and have no chance of being able to deal with the geopolitical implications. We must not allow that to happen. You must not allow that to happen.
We understand you give the orders to the people I've been talking to (mostly) up above. But you have less excuse than they, when it comes to oaths. You all took an oath to uphold The Constitution as well. You've used it as toilet paper, and that's on a good day. The rest of the time we see you gleefully burning it in the Wells of the House and Senate, dancing around the smoke and fire like some odd pagan ritual.
It's time to stop. Not because you want to, not because you fear us (even though you should - after all, we're your employers and can fire you) but because if you don't there won't be a nation worth governing left. You know who the crooks are - including those among you.
Let's talk taking this nation back.
It starts with declaring all CDS written against sovereign debt, directly or indirectly, void as contrary to public policy. Yes, that cuts Europe off from any prospect of a US bailout. So be it.
Next, all the banksters who were involved in these bogus securitizations need to be hauled into the dock. Now. William Black and his merry men sent over 1,000 people to the slammer in the S&L crisis. There are ten times that many who need to go this time.
Third, force all credit-default swaps onto a public exchange with published bids, offers, last trades, open interest and nightly margining. In public, where we all can see it. Either that or ban these obscenities outright. Choose one, and only one of those two options, and do it now. Yes, I know the banksters will howl. Too damn bad, and while you're at it, make it unlawful for any institution that does business in this country to transact in any way in any instrument that does not comply with that rule. This monster, as I've been writing about for almost three years now, must be caged.
Fourth, reinstate Glass-Steagall. Yeah, I know, the Senate doesn't want to do it. The Senate wants a nation that's worth governing though, right? We won't have one if this crap isn't stopped. Mssrs. Glass and Steagall had it right in the 1930s. Put it back.
Fifth, stop lying to the people - and this includes lies told through deficit spending. We don't have the money and can't keep borrowing it. If you don't stop we will find the "knee point" the hard way, at which point once again, you won't have a nation worth governing. Remember the four steps above - neither I or my daughter, nor most of the 330 million Americans in this country, want to see the "anger" phase. Our country is like a powder keg and every time you lie you're playing with matches in the room. Stop it before you blow us all up.
Sixth, we're in a Depression, like it or not, and we're not going to get out of it until the bad debt is defaulted and cleared from the system. Your job is to make that happen and get it over with. That's deflationary. Sorry; this is math, not politics. The housing bubble was a hyperinflationary event - one hidden from the people by bogus government statistics and outright lies. Deflation always follows hyperinflationary credit booms - it's either that, or the destruction of the government, political system and currency. You choose, but if you do not decide, destruction it will be.
Seventh, close the damn border and declare all the illegal immigrants as what they are - invaders. Tell them to either leave or will expel them - and mean it. Declare "LaRaza" a terrorist organization and lock 'em all up. Americans need the jobs and we cannot afford to have five or ten million thugs just waiting for opportunity in the smallest loss of civil order to swoop in and take advantage of us all. At the same time, drop your insane "War on Drugs" and replace it with a taxation, regulation and legalization structure. Yes, I said legalize - federally. While we still have time we must cut off the chief funding source for the murderous thugs who otherwise, given the opportunity, will feast on you after they BBQ the local and state law enforcement crowd in our major cities. Don't BS me or anyone else with your claims that such isn't a real risk - I don't see you strolling around in your fancy suits through the bad parts of Washington DC sans security details. Gee, I wonder why not......
Finally, to President Obama. You can't serve both the banksters and The American People. You took the oath of office too. Now you have to choose. Not only will you lose in 2012 (badly) if you don't start locking up the jackasses that got us into this mess but if you don't ram the above seven points down the throats of these banksters and others in the next couple of months your party will be decimated in the November elections. Some of your oldest allies in the Democratic Party are resigning; Senator Bayh, for example. Illinois' State financial health is akin to someone with terminal pancreatic cancer, and that's where you're going home to in 2012 if you don't quit being nice-nice with people who have played rape-rape to the American people and economy for the last two decades. You didn't make the mess (you weren't around long enough to do it) but you had damn well better clean it up, or what will be left of this nation is unlikely to be worth governing by the time your term expires.
Health care may be important but not until the above is taken care of. Fixing the financial system is the issue you must confront and fix in its entirety. Not half-way, not by compromise - you simply must fix it. The seven points above are not options, they're not discussion points - they're mandatory. All of them. Don't believe me if you don't want to - believe Charlie Munger, one of the wisest investment professionals ever to live, and, in my opinion, the smarter half of Berkshire Hathaway (with no disrespect intended to Warren.)
The choice is yours Mr. President, but the consequences will belong to all of us.
Choose wisely.
Read the full article:
http://www.lewrockwell.com/spl2/in-a-depression.html
Looks like the full article is already here....
Douchinger has his own website...you don't need to repost his tickers here.
Think Greece is bad? Want deflation? Want to purge the bad debts?
SORRY, can't. We already FF&Cd $24T worth. If there is a meaningful impairment on these, the USG must make good.
Don't worry, they can print dollars.
This speculative attack on Greece - and there is a strong component of that - is coincident with the Fed's sunsetting of liquidity swaps with the ECB. Perhaps we face another 2008 dollar liquidity crisis and the Fed has already geared up the dollar banks for it.
But if we're really at that stage already where it's everyone for themselves...this is like fighting over the highest seat on the Titanic.
A collapse in the Euro, as I've said before is NOT good for the dollar because we have the SAME issues, in many cases worse, that would have precipitated Euro collapse. A major currency collapse will not be good news for other paper.
Jackals like Sorass aren't going to stop there, though
Well I think the news that the EU will bailout Greece with 34 billion Euros is exactly what Soros and others expected to happen in this game of chess . He and others have put themselves in a win/win situation . Euro is on a deathclock now . Europe was never supposed to cut and run. IMHO they have played right into a trap by backing greece they have effectively just backed Spain ,Portugal, Italy ,Ireland . France is already under pressure from making it's own cutbacks and any bailout will be met with strikes . As the gov't there has been claiming there is no money to fund their own programs . I imagine it is the same in Germany . This game is far from over but in 3 or 4 moves the Eu will be in checkmate .
Denninger is about half right on the AIG bailout, its more like $200B
As far as police and gangs go, my former CO
stated it best:
"Police are for handing out jaywalking tickets
and handling domestic disputes.They are no match for
gangs. Gangs will need to be handled by the Military and guess where the military is?"
He also used to state that the situation will
come down to a "shoot tattoes on site"
order...
Anyone ever watch cops? Ever seen one of those guys run 100 yards?It ain't pretty.
We figure if TSHTF, the cops will bail and
protect their own families. Remember Katrina?
One more thing, the gangs now have military training. Many have been discharged from the
military and have now trained their comrads.
Not only are they well armed but they are now
well orgamized. We believe they could actually
take over LA. The gangs also have members
in LA law enforcement and FBI
How did we ever let this happen???
I think the Denninger article is spot on
and well worth the read
Spot on.
As far as numbers go, I began researching this in 1981 while in Washington, D.C. We estimated there were 9 million illegals at that time, official numbers were 2 to 3 million. Good old Teddy Kennedy made up numbers as he went along. I walked into I.N.S. and pulled files only to discover numbers he was quoting weren't even compiled yet. Statistics he was quoting from American consulates weren't even complied at all -- consulates in other (South American) countries had no count of number of visas issued and no follow up stats.
I estimate there are that many now 9 million plus, in California alone. 30% of prisoners in California adult prisons have I.C.E. holds, and those are only the identified ones. It gets worse, much much much worse.
"Seventh, close the damn border and declare all the illegal immigrants as what they are - invaders. Tell them to either leave or will expel them - and mean it. Declare "LaRaza" a terrorist organization and lock 'em all up. Americans need the jobs and we cannot afford to have five or ten million thugs just waiting for opportunity in the smallest loss of civil order to swoop in and take advantage of us all."
Stunning numbers swamp, I just can't believe we have allowed
this to happen.
These fuckers aren't human either. They will shoot you,
your wife and kids and 10 minutes later will not even be
thinking about it.
Spot on.
The study of history is a powerful antidote to contemporary arrogance. It is humbling to discover how many of our glib assumptions, which seem to us novel and plausible, have been tested before, not once but many times and in innumerable guises; and discovered to be, at great human cost, wholly false. --Paul Johnson
AIG is the new FX swapline.
Don't worry so much folks, there isn't enough tax revenue in 20 years to pay all the guarantees.
And selective default isn't an option...supposing we selectively default on China's bonds; what are our other bondholders going to be thinking about when they might have issues with us?
There's no way out of this hole. There's no future to support today's debt; it's a SOLVENCY crisis. Paper will come crashing down. It turns out that the future's ability to pay today's promises was GREATLY exaggerated.
My deepest condolences to the Human family.
I wonder if honest men and women will emerge as pallbearers.
I'm not worried.
Currency and even imperial collapse are common and the world did not end.
Better to get it over with quickly than let it drag everyone into rentier serfdom.
Hell, people lived in Beirut during a civil war that lasted well over a decade. Life goes on. I'm sure there were happy times and bad times.
We'll learn to live without the almighty FRN when the time comes.
People need to stop conceptualizing accounting ledger entries as having force and effect on their real lives. That point of recognition is starting to emerge now, as if from behind a cloud, as people say fuck you to debt and just default. They usually feel liberated once they disabuse themselves of the silly propagandist notion that they have any moral obligation to repay.
I'll say this again - there is no MORAL obligation to repay your contractual debts. You would lend your friend $100 and he has a moral obligation to repay but you wouldn't charge him interest either. If it's a contract between you and a bank or you and a bank-owned government, pay it if you feel like it maximizes your personal pecuniary position. If not, don't.
Businesses and the rich do this all the time. Your FICO is not your measure of worth as a person. How many times has Trump gone BK and he's still revered?
Oh I'm sure we will... Then we'll start rebuilding the same economic system again, all the while reassuring each other that "yeah, this time it will be different... We've learnt our lesson now and won't ever ever forget".
I refer you to Dale Gribbles, ecxuse me, Rusty Shacklefords quote above...
Who thinks China will devalue its currency? Do I hear one 'yes' vote? I didn't think so. I'm glad you're so sure it will never happen.
My question is........... that girl up on the right, that finger looks like it's been wet awhile, and shes smelling it ?
This is good reading. Very cool of this guy to post on Zero Hedge.
America was locked into failure with the Federal Reserve System.
This is now Greece. Americans are living with hidden undercurrents much like the financial quicksand discovered under 2010 Greece. With one difference, the sinkhole threatening America is far deeper than Greece’s. Congress, back in 1913, gave the Fed banking cartel the power to use Americans to make good the cartel’s loans, debts and failures. Now, that system is approaching the point where American hard work and efficiency can no longer cover an extortion racket out of control; the international financiers can’t make it work any longer.
The Fed commandeered Congress 97 years ago. Now as it all begins to collapse, the Fed won’t be able to protect its puppets in Congress.
The salient point to remember is that the people own the process. When they want, they can use the system to take their country back, pushing their representative right through the grinder. The latest Rasmussen poll that shows only 21% of Americans believe Congress operates with the consent of the governed should shake the bankers to their shoelaces. That is the shape of things to come. And then, when the bankers’ system gives the people Obama and lets him push and shove on top of the excesses they already feel —these bankers are asking for a massive dose of white-hot anger.
I wonder what the Greek tax is going to be on the Greek nation to fund Goldman’s commission on all its fraud? I would suggest that the Greek people postpone payment. As to Greece, we have only Goldman’s puppets talking and explaining what’s going on—Bloomberg, Reuters, the New York Times, the AP, Papandreou, Brown, Geithner, Bernanke (the major exception being Goldman-breaker Zero Hedge, of course). The public is not hearing from the true representatives of the people either in the U.S. or in Greece. The closest the nations come to that is in Germany, where you can actually hear the people speaking in the press. In the U.K. and the U.S., it’s Krugman who’s going to tell us what’s actually going on. Can it get any worse?
+100
For starters, the sales tax about doubled to 21%.
Only 21% is meaningless. You don't see Murtha's constituents throwing him out when they could for 20 years, or Hatch's, Byrd's, Kennedy's, and on and on and on.
While I would never vote for a politician for more than two terms, I am surrounded by whiners, complainers, laid offs, and every possible combination of people who will not throw out their incumbents. The likelihood is that the 79% that are not satisfied will put a bullet in their own brainless head by re-electing the very politicians who caused all the grief in the first place.
We get the government that THEY deserve.
Meanwhile, the "Resilient Consumer" marches on......
one for the ladies. and some guys.
i think mostly the guys.
Damn, didn't work for me either. There's just that "something" extra in the pics of the "Robo Girls."
I think I saw that guy as a sculpture in 1930's era architecture.
yummy
Super read. Sure CNBS will run it. Ha!
I liked this little piece on sovereign debt.
Robo, the sexy girls have been in health care shakin' it up, down, and all around. Enough for a calendar?
That last photo is a shot of Lou Dobbs before he emigrated from the Ukraine.
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