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No, we will not raise the debt limit. We are bankrupt already.
Yes, we will spend more so that we can agree to cut spending later.
Maybe we will just sell all the children of the voters so that we can eat bon-bons.
Wait, we did that already...
rollover to infinity plus one
lol exactly, they need a debt schedule that goes up to 11.
I like the way you say rollover.
Who else wants to say rollover?
Now, can you say ho-hum?
I like the way you say ho-hum.
Wall of worry?
Actually these two news articles reflect perfectly the situation int he Euro Zone... No one really knows what the hell is going on, all we can really do is wait for a bright flash and loud noises...
I was thinking the same thing, phungus_mungus.
eur/aud is stable at the moment
I see no imminent problems in the credit markets.
LOL! I can't wait to see which banks "volunteer"
hard to do anything but laugh and stay short
Speaking out of both sides of the mainstream media mouth. And here I thought only politicians did so.
That made me shead a tear!
How do you say "kick the freaking can" in German?
Anyway, who cares. Did you all see Rory crush it this week at Congressional?
Rory was unbelievable.
Bücken, hier kommt es wieder...
Bullish for stocks, either way
I predict that tonight will pass, tomorrow will come, and Greeks will be throwing stones, but little will change.
"Heartless powers try to tell us what to think. If the spirit's sleeping, then the flesh is ink. History's page, it is thusly carved in stone. The future's here, we are it, we are on our own."
"Voluntary contribution": so those who voluntarily contribue sacrifice themselves for those who don't?
Few chances to work.
EU has two choices, let the banks lose or more riots...and if the German taxpayer has to keep supporting the bond market for the Greeks (PIIGS) to then flow-money to senior bond holders. There will be riots in Germany!
How do I send new stories that I think are worthy of ZH? to Tyler? This one demands front page news IMO. Fukushima type disaster possible here. I don't like to cross post, but this is very serious.......Thanks
ctrl+v from front page.
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This does not bode well for due diligence.
here is a utube video........the guy said cops are giving out tickets to anyone filming near the plant....
this story just got a little more interesting.....
Used to be sell first, ask questions later.
But when it's taxpayer money, hell, why not buy first, ask questions later.
Reuters is Rothschild owned so I'd say they are right on this one.
The Greeks have to see to it to convince them? Looks more like they didn't convince the Greeks that this all wasn't a scam and back door bailouts back to their own banks.
Reminds me of the newspapers from Back to the Future that would change. Emmitt Brown Committed turns to Emmitt Brown Commended. Which to believe? Neither?
Yep, the Bilderberg Group is a big Kumbaya of agreement, almost as much unity as the Obama adminstration.
A "voluntary rollover" is a joke.
yes, will take about 2 days for the hedge funds to game the system and own the right bonds, and the banks and governments will be in worse shape than ever, but hey, they avoided defaulting today - a joke
blow back derelict wind/ lay my soul in the fallow field
I guess you can call it "voluntary", but it is with a gun to the head.
Default and take a haircut.
Extend maturity and take a kicking.
And Greece is gonna default anyway.
This can be finessed. The banks can be persuaded to re-lend money to Greece at 5% (by having the ECB pay the bank the other 25%/yr to get to market rates).
I predict that until we force our incompenent asshole politicians to take the right to print money away from a small group of greedy, psychopathetic, billionaire assholes who print the money & loan it out at interest or gamble with it, nothing will change. Especially if they print more money to cover their gambling losses.
I got a kitten 9 weeks ago (who I love), and I'm allergic to him.
I'm allergic to cats too and have had 4. Your body gets used to it - but lots of Benadry/qntihistamines work wonders too
Everyone needs a kitten
Reuters is beyond worthless.
How many times has a reuters source "confirmed" a Greece deal was done now?
Empty words for public consumption. Clearly it is ass-covering time, big time, for the hapless Euro politicians. But it's too late. I love the smell of state default in the morning. Smells like freedom.
Chaos? More bad economic news as Japan posted another $10b trade deficit (no, its not a mistake, the Japanese export robot has died another death), Fitch just commented China's easy money policy has fueld unprecedented housing bubble and inflation.
BUT it is time to ramp the euro, ramp up stocks, all risks are somehow off at this time. Maybe the weary eyed hedgies left their machines in risk-on mode during opex last Friday and gone missing in action somewhere in squid-organzed outing to patpong over the weekend.
My GREEK BRETHERN.....
Let the Banksters "Eat Shit"....!!!!!
+10 rope & pichforks
Roll over Beethoven.....Roll Over Beethoven and tell Tschaikowsky the news.
who's paying whom here?
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Well come to salt water.
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