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"...the financial world becomes euphoric based on an unsubstantiated rumor of yet another European bailout package cited from an unnamed source and reported by one of the least insightful financial commentators on the planet.."
Yes the accuracy, integrity and rigourous questioning of modern journalism and our mass media channels is mightily fuking impressive is it not?
I've never felt so well informed and close to the devine truth as picking up another Rothchild-fed newspaper or tv station
nice to know maverick media moguls like Conrad Black is in jail doing time and Murdoch is close to joining him.. i don't like competition in the market place either, there is only one voice God speaks through and he's worth about $50 Trillion by pure coincidence
The "Corporations" fail to recognise that the ECB/FED is bankrupt.
The "Money System" has failed.
The "Corporations" need to set up their own "Money System".
The "People" need to set up their own "Money System".
Let both engage in trade.
The vultures are circling, ready to pick the bones of defaulting nations. It may not look like default, and it won't be called default, but corporations will acquire assets for pennies on the dollar. It will be the biggest fire sale in the history of the world. That's how Corporatism works.
So, er, simply question, where do the central banks get all their 'money' from to keep bailing out the world. Do they make imitation iPhones for the black market as a sideline or sumink?
The start date of the Central Bank intervention is a Banking Holiday....a.k.a. Columbus Day.
Stackem high or die a bitter Benocide Bernanke death.
$2 Trillion at minimum is what they need to pay the bankers, pensioners, defaulters, refugees, and so on......
Getting steamedrolled by one of these newsflows is worth avoiding.
ESP if you were short Cac Dax
Gappy days are here again....
1° Siemens hates the french for having being snubbed by Sarkozy (Alsthom/Areva deals where it was marginalised in France).
2° Lloyds in going John Bull. City is now dead against the Tobin Tax that EUroland will promulgate. EU is going to push hard regulation of shadow banking that is totally unregulated in WS and the City hates that. Lloyds is expressing concerns about this trend.
3° China stopped FX swaps, because somebody (FED/Timmy) told them that they needed their help to scare the shits out of EU for not going whole hog on EFSF. ( USD Swap lines were momentarily tightened). Timmy has owned up to this caper now.
4° China keeps buying US treasuries. Same reasons as 3°. It pressures EU. China needs EFSF full blown as it helps kick the can on a global level...
5° German reticence on EFSF : Continuing psy-war between Anglo and Euro Oligarchs. Merkel is still dithering.
THE KEY ISSUE IS : EITHER THE EURO FINANCE SYSTEM IS TOO CORRUPTED, LIKE THE ANGLO SHADOW BANKING IN WS AND CITY, FOR IT TO BE RECOVERED. GAME OVER, WE ALL FALL DOWN. Corrupt, shadow finance will have destroyed conventional finance.
IN WHICH CASE THAT TRADER ON BBC IS RIGHT : BOTH EU AND US CAPITALISM ARE DEAD. GS rules the world to rocky bottom as it all burns to hell.
Or else, EU can still survive and avoid the fate of WS. But this is up in the air : As...
We don't know how bad the true situation is in EU. France, Italy and Spain are unknowns. But its looking terrible based on what is visible, the dominos are all lined up....as even Greece can bring the banks down.
Insider Trader was correct, all we are doing is playing we know what we are doing nothing more. You just keep piling debt upon debt on countries that couldn't pay the original even when they had the money to do so. Now they don't even have a big enough tax base to tax people for the money on the debt. Even if they could tax at 100% of salary, they wouldn't be able to pay for it in one year make it mostly 10 to 15 years.
Is this a poem?
Even Homer Simpson can answer this question.
Of course, the fucking morons at CNBS can't.
expect massive selloff when eurozone passes the lastest round of bailout
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