This page has been archived and commenting is disabled.
The Bump In The Night
Via Mark J. Grant, author of Out of the Box,
“How many times have we stood here, you and I, surveying the field before the battle? How many times have we won? How many times must we lose to have lost all those victories and promises of victory? Just once, old friend. Just once.”
-The Wizard
I know it is sometimes difficult. Europe puts out the numbers which many assume are real. Then they talk about the data as if it was real. Then they point to the numbers time and time again as if they were real and finally people make decisions and act upon the figures thinking they are real and then the train begins to go bump in the night and derailment is possible on the next track and people wonder how it happened. We are at that point where “bump” is about to happen because there is nothing left that can happen.
The dream is about over. Soon everyone will be waking up. It will not be a good morning.
After all of the horses and all of the King’s men have met, convened and had one more council of war; the bills are still unpaid. We have no solution for Cyprus, no answer for Spain and no plan for Greece as the IMF has made two things quite clear. Number one is that they will not give Greece any more money and number two is that they expect Europe to take the unavoidable financial hit and that it will not be them that is going to get left holding the proverbial bag. Now the public bondholders of Greece have already been whacked and even with a modest extension of two years in payments Greece would need $25-40 billion in new funding as Austria and the Netherlands have said they are done providing money. All of this is on one side of the equation with other being that Greece will be out of money sometime in November. This, my friends, is what is known as “Crunch Time” because there is no open door that does not lead to pain. Does the ECB take the hit and wipe out their $18 billion capital base and have to be refinanced? Does the EU Stabilization fund take it so that there will be a capital call on the participating nations which some may refuse to pay? Perhaps Germany will surreptitiously force Greece back to the Drachma so that the people of Greece take the hit while providing some sort of financing that uses Greece as a conduit so that Europe can repay itself. We are about thirty days out on this because the country of Greece is about to run out of Euros. The days of wine and roses and mucking about in the sandbox are just about over and real decisions with real consequences are about to come storming into the Great Game and I suggest you prepare your portfolios for the event.
Then the money requested by Cyprus will be nowhere what is needed if Greece returns to the Drachma as the Cypriot economy, already banged by the Greek Public Sector Involvement, will be forced to its knees as the tragedy plays itself out in Greece. Then we have the “Big Bang,” which is Spain, whom Germany contends does not need any money, which is about an accurate a statement as Wichita, Kansas can be found in Bulgaria. Spain is reeling; calls for secession, banks that are insolvent and held together by paperclips and scotch tape, regional debt that is fifty percent of the country’s total and now the downgrade by S&P with one by Moodys placing them into junk and out of the major European Indexes which can be expected shortly. “Dead man walking” would be the accurate phrase. I will tell you; when there is no place left to run and no place left to hide then it is “tag and you are it” and Europe is now days away from getting tagged.
You have to prepare yourself now for the possibility that Europe is a misrepresentation. You must own running shoes and be prepared to use them!
»
- 13022 reads
- Printer-friendly version
- Send to friend
- advertisements -
The shark always bumps once.....next time it will be for real.
They mostly come at night.......mostly.
http://www.youtube.com/watch?v=dsx2vdn7gpY
All in on Adidas
"Great! Why don't they put Newt in charge?"
Cat didn't make the cut.....sorry Amigo.
Coke or Pepsi......pick one.
Double post.....gotta take either more of it or less of it....I'm not really sure which one - Jackson Browne
I didn't do it.
"You must own running shoes and be prepared to use them!"
Better yet: you must own a rocket ship and be prepared to use it.
I want to know what is triggering the 1/2 cent dxy selloff? the Spanish 10year is back up 10basis points. something fishey is going on in the swaps market me thinks.
and real fishy in crude to. for the last few days some entity is determined to get the price to somewhere i have no idea.. its so obvious if you follow the incremental tick tick. thats not a "market" folks .. really if you want it at 95 or whatever. just put it there. quit this fucked up game. oh well. were used to all these shinanigans by now. Have fun calif.. seems wall street is determined to make you suffer more with their silly games.
Good post. Cali. is FUBAR, and the high gas prices are just iceing on the cake!
But, but, didn't you see the initial claims report . . .
Hell, I can't even say it without laughing my ass off!!
"...which is about an accurate a statement as Wichita, Kansas can be found in Bulgaria..."
I just checked on Apple maps, and Wichita does indeed appear to be in Bulgaria.
Nonsense. Draghi says the Euro is 4eva!
Also, isn't snooki's baby the cutest little thing?
Awwww, c'mon I'm sure the can wouldn't object to one little kick more. I'm sure if we kick it again this time it will be different. Believe me when I say it.
Look at those numbers that just came in. Funny shit.
You couldn't make this sh!t up, could yo...
oh, hang on, someone is!!
So the European collapse is only "days" away. Yep. Been days away for almost a year now.
While the collapse has not actually happened we must nevertheless admit that the conditions on the ground for workers, the unemployed, the pensioners and everyone in general is demonstrably worse and getting worse by the day. Total collapse is just a matter of degree.
Possibly, but my point is the collapse is imminent until it isn't. Meanwhile we have the US stock market hovering around all time highs...
Technically any point in the future can be measured in days including the end of the world...say in 71 days
Well if the author of the post were to clarify by saying that by "days", he meant anything from a couple of days to several thousand, I would suggest he go fuck himself sideways and die.
If the U.S. economy abruptly contracts by 5% in January, I don't see how Europe avoids going up in flames.
From his position at the center of the universe Prez O thinks a month is just fine.
It's down to just a handful of days now......just don't do something stupid. Call off the debate Amigo....just do it.
Just go golfing and hope the storm blows over.
"Apres moi election, le deluge" - Obama the First
How much shit can one fan take?
Who cares...it's still under warranty. Hit it hard!
I have seen some different sites and media lately trumpeting that the debt to gdp is at it's lowest point in blah blahg blah time the last few days. What are these pople referring to? Can someone help me out here?
Please provide link(s).
http://www.businessinsider.com/us-debt-hits-a-6-year-low-2012-10
I saw Jon Stewart say the same thing last night. I get that he might have a tiny slight liberal bias. I was just wondering about the math. I guess these guys are referring to private debt, which is "being deleveraged" which is bullshit. But if you have any thoughts I am all ears.
http://www.businessinsider.com/us-debt-hits-a-6-year-low-2012-10
I saw Jon Stewart say the same thing last night. I get that he might have a tiny slight liberal bias. I was just wondering about the math. I guess these guys are referring to private debt, which is "being deleveraged" which is bullshit. But if you have any thoughts I am all ears.
you got to love debt to GDP ratios. It gives them the opportunity to lower the debt by raising the GDP. Then they can hedonically add another 1.6 trillion to GDP to complensate the "eCONomy" for foreclosures.
Close your eyes real tight, Blow your Nose real loud, Tap your feet together 3 times, and say:
Thank goodness for places like Boys Town.......
From the cradle of civilization to its grave
Stages of grief:
Shock: What?
Anger: Fuck!
Bargaining: Seriously?
Depression: Damn.
Acceptance.
Step Six.....go hang with Vera. Learn to cope in your new third world country.
http://www.youtube.com/watch?v=MTYRtmK-EdU&feature=related
Stages of grief:
Shock: What?
Anger: Fuck!
Bargaining: Seriously?
Depression: Damn.
Acceptance: Fuck me!
Fixed it !
There must be a lot of new babysitters out there with that B/S jobs print! They sure as hell didn't come from this number.
05:30 USD Trade Balance -44.2B -44.0B -42.5BIs it possible that the U.S. and Europe both go over the fiscal cliff at the same time?
This is the same old stuff that pops up every six months or so. These stories are getting old.
yea...sometime in december...i'd say around the 21st
That was Argentina 2001 and they don't talk about it either.
Seems like we are facing a choice between a Rothschild zionist engineered collapse, designed to stampede the public into a single currency (and life as slaves) and a Greek default that results in Greece returning to the Drachma, hopefully claiming the right to issue its own currency back from the Rothschilds and then returning to financial health while the rest of Europe slowly suffocates.Greece leaving the Euro in this context represents perhaps the only ray of hope that the Rothschild tyranny can be broken and that Europe can have a positive future...Maybe the panic merchants are merely producing Rothschild funded propaganda.
It worked for Iceland. So "they" just stopped talking about them.
Lord Evelyn wants to do us all.
Greek style
C'mon..... so you want me to believe the Wolf is really here this time? Fool me 87 times, shame on you, fool me 88 times........
"The holders of the US Treasury debt are sharpening their long knives in the humid darkness"
James Howard Kunstler, Aug 2009
"Oct. 11 (Bloomberg) --International Monetary Fund Managing Director Christine Lagarde said Greece should get two years to meet fiscal targets and suggested debt reductions are needed before a 130 billion-euro ($167 billion) bailout can proceed."
And proceed it will because international bankers have to get paid back. Screw Greece.
Run Forest, run.
"real decisions with real consequences are about to come"
Ask the people over there about real decisions and real consequences. My italian cousins which were "the rich ones" in the family are already broken after two generations of hard work since WWII. I can immagine (and I can read) what is going on in Greece not to mention Ireland and Spain.
Golden Down is "helping" the greek police. "Greece's far-right Golden Dawn party is increasingly assuming the role of law enforcement officers on the streets of the bankrupt country, with mounting evidence that Athenians are being openly directed by police to seek help from the neo-Nazi group, analysts, activists and lawyers say."
http://www.guardian.co.uk/world/2012/sep/28/greek-police-victims-neo-nazi
And this: "greeks anti-fascists tortured by the police"
http://www.comedonchisciotte.org/site/modules.php?name=News&file=article...
It seems "real consequences" are already in progress.
What this article is really talking about is the loss of one layer of government. Which will it be?
The locals need their local government. Foreign aid for Greece, Cyprus, Spain, Italy, France will need the EU. There is no need for the "National Government".
Wolf! Wolf!
images funny images funny images Natural images Natural images funny sms strange images sky funny cartoon images funny images funny images of animals funny birthday images funny images of people 3d images background images love images flower images cartoon images baby images halloween images dog images cat images