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Any thoughts on what a CDS "holiday" would do to the markets? Basically there was a "partial CDS holiday" with the Greek Experience.
I've been thinking that in today's world, there may well be a CDS holiday. Which legal system would you use to claim your unregulated CDS gains? Poilitically, would CDS be treated like the tobacco industry or the drug industry? How long would it take to clean up the mess?
When the euro blows up, there goes that neighbourhood. Very likely counterparties have gone all in ala MFGlobal. A CDS holiday complete with a court sanctioned politically connected cleanup could well mean that many of the european banks could be bought for $2/share. The end result is consolidation of the european banking system in stronger American/German/British hands.
Shrink Government (no more cushy no show, do nothing, and do little jobs)
Reduce Government Stipends
* Reduce Salaries for Bureaucrats
Reduce foreign aid
Route out internal Governmental corruption
Route out benefits fraud
Cap Government Salary & Benefits for the next 12-15 years at the current rates
Spend Less You Corrupt Selfish Dumbfocks !
AND GET THE LAZY SELFISH GREEKS TO PAY THEIR F'n TAXES
that's going to happen. and before the next italian auction (tuesday).
not that it's not good advice. also stop the endless wars, the war on drugs and the endless support of this particularly persecuting form of zionism, while we're at it.
Extreme movements in currencies and markets. A very sick dog is this.
Does TPTB think if they goose European markets up 4-5% in a day that we will all be impressed, or just make it even more obvious how desperate and corrupt they are.
quit blaming germany for not playing along with the banksters the war comparisons have no merit.
Start blaming USA Wallstreet and City of london.
same old song and dance
Italy, better be looking up intently into the skies because thee 'Ol Red Baron(ness) will be nose-diving and strafing all the way down with you in her sights...
They are going to keep the Ponzi going until they simply can't keep it going any longer and that means they are going to do whatever it takes, whatever, coming up with Galaxy Bonds from outerspace if they have to. Merkel has said "no Eurobonds", but she has also said that the Euro "will remain". It's not in Germany's best interests to leave the Euro, a strong Deutch Mark will hurt German exports. Unfortunately, I think we have a ways to go before we see this cookie crumble. They are just pushing the situation off the edge of the cliff, a la Lehman's, to get the most squid friendly outcome; more printing, austerity and taxation with an inflationary cherry on top. Yum.
oppulance...I haz it bitchezzz...
Europe's been around for a couple thousand years and had much worse problems. They don't need to do anything by 12/9 except drink and get laid.
5th gen warfare...you sure about that champ? Afpak-iran/iraq been around since alexander or prior and look at them now...jussayin...
"Europe's been around for a couple thousand years and had much worse problems"
what would've happend during the 100yrs war, the 30yrs war or with the calvinist wars if europe had nukes?
With the recent collusive behavior of Germany and France, it's more like the latest possible ultimatum date. Everybody else looks like they're being dragged to the edge.
Time for Merkel to have an unfortunate "accident"; the Rothschild Corporation always gets its man (er...woman).
Probably a bad traffic accident involving Ron Paul in other vehicle?
Germany is quite correct about the moral hazard of Eurobonds and ongoing bailouts but it must, of course, in the final analysis, be prepared to pull out of the Euro and either allow its Banks to fail (The correct solution) or be re-capitalised. The German people are not going to approve any of the other "Solutions". And why should they? They didn't create the problems in the periphery.
Deutsche bank is levered 49-1. They will have to bail out their 5 biggest banks to the tune of probably A hundred billion plus plus of euros, if not a lot more. It will be interesting to see it play out in any event. Get a big hedge with no counter party risk.
Thats still cheap compared to what it could cost them in the future if they continue down this path.
Credit events finally? Who in the hell would try to continue to hedge in the face of 'voluntary' mandatory losses. But yet $707 trillion notional and counting. This is where it really looks insane to me. Its like they buy the insurance pro forma CYA style, knowing its in effect worthless.
This tells me more about every man for himself than anything else.
The EU defaults are just the first domino.
Italy and Spain are planning on Kidnapping Merkels kids and hold them
Hostage until she prints..
Farcivision, in 3D Keynesicolour.
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