And The Next Stop On The European Bank Flu Express Is

Reggie Middleton's picture




 
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Mon, 11/21/2011 - 16:13 | 1899847 Windemup
Windemup's picture

My My My. She does have great legs.

 

Mon, 11/21/2011 - 16:07 | 1899830 hooligan2009
hooligan2009's picture

ponders a few gold related questions

a) if someone steals your gold did you really have it in the first place?

b) if a banker steals your gold does he get promoted?

c) if a non-banker steals your gold and you shoot them but dont kill them, do they go to jail?

d) if a non-banker steals your gold and you shoot them and kill them, do you go to jail?

I hate Mondays!

Mon, 11/21/2011 - 15:56 | 1899790 Shizzmoney
Shizzmoney's picture

Off topic: Lauren Lyster is just simply delicious. 

Mon, 11/21/2011 - 14:52 | 1899431 Franken_Stein
Franken_Stein's picture

So you announce for 3 years now that the collapse is imminent, basically cluelessly clutching at straws, and NOW with the 33rd announcement you hope to be right ?

 

Yawn.

 

Greetings from Germany, but there's no collapse here, as far as the eye can see.

Maybe next time.

That would then be announcement #34.

 

Mon, 11/21/2011 - 16:19 | 1899868 walküre
walküre's picture

Reggie Middleton is 7 years behind my curve ball. I've known that problems in Europe would eventually come to a crisis point when they introduced the Euro. So did about 75% of the financial world.

I can't stand these clowns that constantly brag about how right they've been in their predictions.

Who gives a shit?

Pray, tell Reggie the Great how can this crisis be fixed is what I'd like to know from you!

Get back to us and offer some solutions instead of being bashful about the obvious mistakes that have been made.

But that blue tie sure does look good on ya!

Mon, 11/21/2011 - 17:32 | 1900134 taraxias
taraxias's picture

Here's a solution for you. 

 

I've been shorting euroland financials on Reggie's calls and converting my profits to physical gold.

 

The fact that now I'm getting deep discounts on the metal is a bonus.

 

Try it, you'll like it. 

 

 

Mon, 11/21/2011 - 18:33 | 1900449 walküre
walküre's picture

That's your solution? It's a trading reco. Fine. I get that. FYI you could short the main market since July and make money.

But what is the solution to unsustainable global debt? Other than printing money?

 

Mon, 11/21/2011 - 15:14 | 1899584 Hugh_Jorgan
Hugh_Jorgan's picture

Imminent in financial terms usually means inside of 24 mos. Reggie has never given dates, just observations. His work is stuff that you cannot get anywhere else.

Perhaps he has misjudged the one factor outside his realm of expertise: the stubborness of the willful ignorance. Western civilization has swallowed every lie and distraction that the banksters have used to delay onset of the hard-reset process because they cannot bear to consider the pain of the reality. The Wizard of Oz lives!

It will happen, Reggie is just trying to wake more people up so they can look for a lifeboat (or maybe build one). I hope you have prepared for the eventuality.

Mon, 11/21/2011 - 16:24 | 1899884 walküre
walküre's picture

Lifeboats?

There are NO lifeboats. The elite will either accept to share their wealth or they will loose it in coming wars and revolutions.

Of course the elite knows that and to some degree is preparing and securing themselves a seat among the revolutionaries.

The more things change, the more things stay the same!

Mon, 11/21/2011 - 15:58 | 1899803 Shizzmoney
Shizzmoney's picture

Agreed, you can't really time the defaulting of debt.  You just wake up one morning and BOOM, shit happens.

The only indicator could be precious metals, but even then, central banks try to keep that down b/c even the majority of the public getswhen they do well, things aren't going good.

Mon, 11/21/2011 - 15:10 | 1899559 Stockmonger
Stockmonger's picture

Come back in three years and tell us how Deutsche Bank's 40-50x leverage worked out.

Have you been buying Greek and Italian debt over the past three years and making a killing?

Mon, 11/21/2011 - 16:11 | 1899842 PY-129-20
PY-129-20's picture

I do not bet against Reggie. Remember Dexia? I mean, sure, try to be ignorant of what happens outside of Germany and I can understand that sentiment. I just hope you don't run a business. I am prepared and so is the company. Better safe than sorry.

Greetings from Germany too.

Mon, 11/21/2011 - 14:37 | 1899411 Georgesblog
Georgesblog's picture

In September of 2007, I said that, when this mess blows, it will be spectacular. There is a lot less margin for error, than there was, then. Debt expansion is running it's course. The load is becoming more than the economy can bear.

 http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/

Mon, 11/21/2011 - 14:19 | 1899338 The Big Ching-aso
The Big Ching-aso's picture

 

 

"Flu!??!     We've got fucking tuberculosis, pneumonia, syphillis, gonnorhea, AIDS, and an ingrown toe-nail all rolled into one big fat comatose patient here, Dr. Middleton!"

Mon, 11/21/2011 - 16:44 | 1899940 FeralSerf
FeralSerf's picture

We believe we have a solution for the ingrown toe-nail problem.  Stay tuned!

Mon, 11/21/2011 - 13:05 | 1899055 Cynthia
Cynthia's picture

Why is it that so many of the RT hostesses come on the air wearing baby-doll nighties and stiletto heels? I hate to think that they are trying to outdo the bottle-blond bimbos on Fox.

Mon, 11/21/2011 - 19:19 | 1900609 FeralSerf
FeralSerf's picture

It's a Russian thing.

Mon, 11/21/2011 - 14:18 | 1899336 LFMayor
LFMayor's picture

well, none of the real men are complaining.

Mon, 11/21/2011 - 13:10 | 1899084 sabra1
sabra1's picture

maybe you prefer janet napolitano? pukefest!

Mon, 11/21/2011 - 12:50 | 1898971 Haole
Haole's picture

Lauren Lyster makes it move.

Mon, 11/21/2011 - 12:35 | 1898860 ferret
ferret's picture

Bazooka,

 

Good to see you back posting again. 

Mon, 11/21/2011 - 14:17 | 1899332 LFMayor
LFMayor's picture

LOL, I seen what you did there

 

Mon, 11/21/2011 - 12:36 | 1898869 LowProfile
LowProfile's picture

Not really.

Mon, 11/21/2011 - 11:36 | 1898566 mt paul
mt paul's picture

this is not a credit event

move along ..

Mon, 11/21/2011 - 11:31 | 1898525 SwingForce
SwingForce's picture

Thanks Reg, got it. (the last word in your title today). Appreciate it.

Mon, 11/21/2011 - 11:50 | 1898607 philosoraptor
philosoraptor's picture

Reggie, do you think the UK will be dragged into this? Gilts strong at the moment, but the overall debt is one of the largest out there (although much longer dated compared to the Euro countries). RBS and LLoyds part-nationalised - a strength or weakness? Just a matter of time before the UK follows France?

Mon, 11/21/2011 - 11:27 | 1898519 Bazooka
Bazooka's picture

Equities down = Gold and Silver down

When equities rally briefly again = Gold and Silver will briefly rally

Precious Metals: Safe Haven My Ass!!!

Mon, 11/21/2011 - 15:23 | 1899628 Hugh_Jorgan
Hugh_Jorgan's picture

These prices are for paper, not physical. Physical will not be priced by paper for much longer.

We don't even want to know how our lives will change when our money is turned into toilet paper by the people "fixing" the sovereign debt problems. Better look at some PMs or rural farmland (with water rights) if you want to have anything when the smoke finally clears.

Mon, 11/21/2011 - 19:17 | 1900602 FeralSerf
FeralSerf's picture

Don't bet on it. Every since paper money was invented, worthless fiat was replaced by New Fiat. Legal tender laws will ensure that the fiat is legal payment "for all debts public and private".

Physical PMs will be openly valued in the new fiat if ownership is not made illegal. Otherwise a black market will exist.

That rural farmland with water that belonged to the American Indians or the Mexicans didn't do them much good after the Indian wars or the Mexican War. When you find you need to vote with your feet to avoid the relocation/concentration camps, that real estate is difficult to take with you.

Everything has risk. Having all one's eggs in the same basket is especially risky.

Mon, 11/21/2011 - 12:33 | 1898849 DogSlime
DogSlime's picture

Physical PM's in your posession are a safe haven.

You doubt this?

You think that an account with, say... MF Global is a safer haven?

Physical Gold and Silver are in your control.  So is cash, to some extent (although it's losing value rapidly).

How is this not safe?

What do you define as safe?

 

Mon, 11/21/2011 - 16:41 | 1899936 FeralSerf
FeralSerf's picture

I've been robbed before and all the gold was taken.  Insurance didn't cover it either because I couldn't prove that I really had them.   You can't sit on your hoard awake with your AK47 all the time.  Safes can be opened.  Loved ones can be threatened.  The people that sold them to you or delivered them can talk.  The list of possibilities of loss is endless.  A large stash of physical PMs at one's home is not only unsafe with respect to the PMs but is also unsafe with respect to your and your family's personal safety.  No matter how many guns you have, you need to sleep sometime.

It's amusing that  the same people that advocate renting their homes are some of the same ones that say one should bury his PMs in the back yard.

Mon, 11/21/2011 - 17:16 | 1900056 DogSlime
DogSlime's picture

You can be robbed at any time.  They can hold your family hostage while they take you to the cash machine to draw out all your savings - having them in the bank doesn't help in that case.

This is background risk that exists all the time.  If you have your money invested with an institution you have the added risk that they will go bankrupt and/or take your money and run.

This wasn't much of a risk during the good times, but it's an added risk now.  It's another way that you can be robbed - on top of the up-close-and-personal robbery that is a risk that you describe.

 

Mon, 11/21/2011 - 19:06 | 1900573 FeralSerf
FeralSerf's picture

 I wasn't and I'm not advocating that one keep all his assets available to the ATM.   Some in a limited size account is OK I think, but a major portion of one's assets probably shouldn't be accessable this way.

The only way I know to mitigate these risks are to spread one's assets among multiple accounts and/or locations.  This would include multiple banks/credit unions, multiple countries, and multiple non-bank high security storage locations.   Maybe then the bad guys wouldn't get it all.

If one's heirs do not know the locations of his assets, the danger is that some banker, bureaucrat or a family of gophers will inherit his estate by default.

Mon, 11/21/2011 - 16:55 | 1899973 Ghordius
Ghordius's picture

I am the only one that knows where my boat sank...

Mon, 11/21/2011 - 18:56 | 1900532 FeralSerf
FeralSerf's picture

If you get run over by a truck then what?  Your heirs are just fucked, eh?

Mon, 11/21/2011 - 12:07 | 1898674 LowProfile
LowProfile's picture

Wow, three posts in 2 minutes.

...Troll much?  Where is that "ignore user" button, anyway...?

Mon, 11/21/2011 - 17:24 | 1900099 taraxias
taraxias's picture

It doesn't look like trolling to me, it's more like he's suffering a meltdown. Probably kept buying the last few dips. The bulltards never learn but somehow they find comfort in trashing gold. Weird.....

Mon, 11/21/2011 - 11:50 | 1898610 Zero Govt
Zero Govt's picture

Gold and Silver has no counterparty risk... that 'cash' you have in the bank or 'money' you have in stocks can both get torched (see MF'ing Global) 

Holding Gold and Silver in bars/coins is zero risk... in this environment that's becoming priceless

Mon, 11/21/2011 - 16:30 | 1899904 FeralSerf
FeralSerf's picture

Zero risk does not exist in this universe.  Maybe lower relative risk compared to paper, but zero risk?  Only in your dreams.

Mon, 11/21/2011 - 15:11 | 1899562 Pitchman
Pitchman's picture

MF Global is a fractal in a frying pan

 
The Disappearance of Chivalry - George Santayana & Murder By Joystick

*

THE ROOT OF OUR SOCIAL, ECONOMIC, MILITARISTIC WOW'S IS AN EVIL, MONETARY SYSTEM.  EVERYTHING ELSE IS A SYMPTOM OR AN ACTION THAT SUPPORTS IT.  AT THE HEART OF THIS SYSTEM ARE THE CENTRAL BANKS; THE FED, THOSE WHO CONTROL IT AND THEIR DISHONEST, DEBT BASED MONETARY POLICIES.  AS SUCH; LAWS, THE CAPTURE OF GOVERNMENT AND THE SUSPENSION OF ACCOUNTING RULES IS FOR THEIR BENEFIT.  AN ACCOUNT OF THE PEOPLE HAS NO PLACE IN IT.  INDEED, IF THE PEOPLE WERE ITS PRIMARY CONCERN, THE WORLD WOULD BE MORE FREE, LESS VIOLENT AND MORE PROSPEROUS.

THE PRIVATELY HELD FED IS THE TOP REGULATOR OF ITS TBTF OWNERS AND MEMBER BANKS.   IT'S CREATION OF MONEY OUT OF THIN AIR; LOANED, AT INTEREST, TO THE SOVEREIGN AND ITS FRACTIONAL RESERVE SYSTEM IS THE MOST INSIDIOUS OF CRIMINAL PONZIS, FOR WHICH ALL ITS FAUX REGULATIONS AND FINANCIAL MISALLOCATIONS FOLLOW. 

TO FREE OURSELVES, RESTORE FREE MARKET CAPITALISM AND REESTABLISH OUR CONSTITUTIONAL REPUBLIC, WE MUST FIRST ELIMINATE THE MOST PERNICIOUS CORRUPTING FORCE OF ALL.

END THE FED!

See:

Money Power And The Central Bank: Life Is But A MEME

END THE FED: THE FIRST STEP IN RESTORING OUR CONSTITUTIONAL REPUBLIC

14 Reasons Why We Should Nationalize The Federal Reserve

Mon, 11/21/2011 - 11:26 | 1898514 Bazooka
Bazooka's picture

The funnies guy is the Chart Pattern Trader....this guy actually begs for donations! He begs almost every day!

He should make his videos (very poor accuracy in calls made on market) and do what Reggie and Phoenix capital do.

Mon, 11/21/2011 - 11:25 | 1898509 Bazooka
Bazooka's picture

As Reggie Middleton has now put out his OpEd when market is -2%.....Phoenix Capital will put out their Free Subscription laden advertisement in 3, 2,  1....

Mon, 11/21/2011 - 11:54 | 1898500 Zero Govt
Zero Govt's picture

Reggie,

I was reading Martin Armstrong again last night and he claims the 50% Eurozone haircuts are no such thing, at least for the banks. The private bondholders will take the hit while the banks will 'publicly' take a 50% haircut but get backdoor bailouts for the balance (ie. no haircut)

That'll prolong (kick the can of) the banking collapse and stave off any imminent meltdown... do you agree?  

Mon, 11/21/2011 - 11:12 | 1898443 bill1102inf
bill1102inf's picture

Hows the $22-23 groupon short working out for you

Mon, 11/21/2011 - 14:59 | 1899501 Sudden Debt
Sudden Debt's picture

How long since you checked out the stock?

23,7$ and dropping like a stone

Fraud charges in Europe which could lead to a ban on the website

....

I think he'll be taking that one to the cleaners pretty soon!

 

Mon, 11/21/2011 - 11:36 | 1898564 Jim in MN
Jim in MN's picture

How's the 5.61% loss on the day so far feeling there, Skippy?

Mon, 11/21/2011 - 11:23 | 1898501 richard in norway
richard in norway's picture

even reggie cant be right all of the time. he's not god, he's a very naughty boy!!

Mon, 11/21/2011 - 11:32 | 1898545 achmachat
achmachat's picture

but it's easy to confuse him with "a" god... him having the body of a chocolate greek deity and all...

Mon, 11/21/2011 - 11:31 | 1898542 El Viejo
El Viejo's picture

Truth always has a way of ferreting out poor business models and untimely IPOs. Time will tell all. (IE: AONE )

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