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A Great Victory For Windmills

Tyler Durden's picture




 

Via Mark J. Grant, author of Out of the Box,

“A hangover is when you open your eyes in the morning and wish you hadn't.”

                       -Andy Capp

 
There are two countries that are going to give you a whopper of a headache in the coming months. I am leaving Greece to the side for a moment because that country could provide a heart attack and necessitate bypass surgery as the Troika fiddles while Athens burns. I am just waiting to see what is agreed to for Greece and then how the citizens of that country respond but the home of Democracy is not the only place that could ratchet out of control; keep your eyes on Spain and France. Yes, France, while no one has paid particular attention to the antics in Paris and Monsieur Hollande scurries about siding with the troubled nations and advocating a 75% tax burden and leaving Berlin to wallow in schemes of their own making; they are on the verge of getting in real trouble.

“It is better to open your eyes and say you don't understand, than to close your eyes and say you don't believe.”

                               -The Wizard

 Spain-The Fighting with the Windmills Continues

They have announced that they are going to build their “bad bank” based upon the findings of Oliver Wyman’s stress tests. What we find here is garbage in---garbage out---and a bad bank built upon the garbage dump they have created. Oliver Wyman verified nothing, audited nothing and was paid to sit idly by and accept the data provided by the Spanish banks and the government of Spain. It is good work if you can get it. Then they took the rubbish and constructed complicated economic models based upon them and presented them to the world as factual. What we actually have here is a fairy tale created by the Hermanos Grimm; and the end of the fairytale will be grim indeed if you rely upon their findings. I recall Prime Minister Rajoy’s “A great victory for Europe speech” and I state that the last time Europe had such a victory it was at Waterloo!

Part of the Oliver Wyman presentation touted Spain’s largest bank by assets, Santander, as the unshaken citadel in Madrid. What do we find this morning; profits down 94%, soured earning in the U.K. and Latin America and Real Estate loans that were written down to 65%; or so they claim. I will bet any of you that to achieve even this number that they counted the banos, multiplied them by the empanadas consumed and factored in the rise in the herds of their suckling pigs. Now with property in Spain worth an average of about 40% of what it had been this leaves another 25% to go except that Spain and Oliver Wyman have pulled the usual Southern European trick of informing us that because prices will be higher later that we do not need to worry about the current levels as assets are double booked, contingent liabilities are not counted and Don Quixote has taken over the Parliament once again. If there is an honest politician in Spain he should give a speech; “A great victory for the Windmills.” I would applaud that one!

 
They say that beauty is in the eye of the beholder, and in my eyes, the finances of Spain are one ugly mess of spoiled tapas.

 
Spain is facing several regions that may want to secede. They have regional debt that is fifty percent of the nation. Regional governments have now lined up asking for assistance which is more than the total the national government has offered. The EU is trying to force Spain to convert the preference shares of the troubled banks into common stock. The economy in Spain is a sinkhole, their unemployment is the highest in Europe and Germany says they don’t need money because handing capital to Spain has all of the popularity in Germany of handing your soul to the Devil in some Faustian novel. My good friend, Otto Waalkes, is one of the most famous comedians in Germany but I am not sure if even he could get a smile out of Berlin on this matter. Yields are down on Spanish sovereign debt as a result of Mr. Draghi’s “I will save the world” speech but the debt markets are largely closed to the regional borrowers and the municipal borrowers in Spain and the amount of total debt keeps increasing which overtakes the drop in yield by a wide margin. The “Masquerading in Madrid” continues but the time is coming soon when the masks will be removed as Spain is forced into the long line of alms seeking countries.

 
France---Dancing with Robespierre

 
Here is the second largest economy in Europe. The land of fashion, elegant cuisine, marvelous wines and an unending supply of Champagne; if you can afford it. However a little investigation reveals that there are little green bugs in the vineyards. France Telecom slashes their dividend this morning. The country decides to back the loans of Peugeot which brings their total loan guarantees to $78 billion which is a figure that is only partially accurate as their assumption of part of the obligations of Dexia could result in a number that is multiples of what is currently known because of the derivatives and guarantees of Dexia that no one, and I mean no one, wants to expose to the public or admit in any manner. It is like so much in Europe these days, brushed under French tapestry until the rot comes bubbling out and infects all of the jovial guests that  are meandering around with their 1966 Chateau Lafayette Rothschild in hand.

 
“If you wish to be a success in the world, promise everything, deliver nothing.”

 
                    -Napoleon Bonaparte

 

Apparently Europe has taken his words to heart.

 

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Thu, 10/25/2012 - 09:16 | 2918190 bank guy in Brussels
bank guy in Brussels's picture

On the subject of debt, today is the Muslim holy day A'rafah, commemorating when Islam's Prophet Muhammad said, that all interest payments on debt, should be cancelled.

This day in the Muslim Hajj (Mecca pilgrimage) month, recalls some of Muhammad's last public words, his 'Farewell Sermon' in 632 CE ('Common Era', same as 'AD') ... as famous among Muslims as Jesus' Sermon on the Mount is to Christians ... where Muhammad said:

« ... Allah has forbidden you to take usury (interest), therefore all interest obligation shall henceforth be waived ... »

Was a striking speech from nearly 1400 years ago, Muhammad also telling people not to be racist, and that men need to treat women well and kindly ... Interesting that the brief talk so many centures in the past, would also focus highly on debt and interest ... Here is the brief 'Farewell Sermon' -

http://www.islamicity.com/Articles/articles.asp?ref=IC0107-322

Thu, 10/25/2012 - 09:19 | 2918193 GetZeeGold
GetZeeGold's picture

 

 

Agree with him....or be killed infidels.

Thu, 10/25/2012 - 09:25 | 2918206 toomanyfakecons...
toomanyfakeconservatives's picture

We are all infidels now!

Thu, 10/25/2012 - 10:38 | 2918423 Stock Tips Inve...
Stock Tips Investment's picture

Excellent post. I think the critical issue is Greece. Is an economy that has lived dependent on its government and finally Europe. The standard of living that the Greeks succeeded only explained by the mountains of money they received. The huge deficits, mounting debt covered by a concert just for being a member of the eurozone. The measures to be implemented in this country are inevitable. Something similar is happening in Spain. The difference is that Spain is a much larger economy than Greece and developed. While generating many internal problems, President Rajoy is facing the problem. The Spaniards have achieved a quality of life that is not theirs. He has also been achieved at the cost of immense debt to fund social programs, subsidies and other programs without sustenance. Fix this problem, will force this country to adopt harsh measures. That will bring a reduction in the quality of life of the Spaniards. Unfortunately, there is no alternative. Finally, the French are in free fall. Not only have problems as large (or larger) than the Spaniards. Worse, they have a president who does not want to recognize this situation. He believes aumentndo taxes on the rich, will solve their problems. Meanwhile, h lowered the retirement age of the French and expanded social programs. This is an explosive situation. Poor French!.

Thu, 10/25/2012 - 12:05 | 2918728 Zero Govt
Zero Govt's picture

be fair to Rajoy, he inherited this HUGE shitbag from the socialists

and to be fair he was very stupid to want election as he's now got to deal with it. He should have flunked the election and let it blow up in the suicide socialists faces

his popularity ratings in surveys is terrible, like his judgement (ditto all politicians)

Thu, 10/25/2012 - 13:38 | 2918946 emersonreturn
emersonreturn's picture

does it matter which gov't is elected; when TPTB mastermind the victorious figurehed, playing them to their full advantage and the sheeple's great disadvantage? i wonder will TPTB  continue to control the world with the increasing populaton in the muslim world, as well as the increasing anti american stance in russia, and possibly china (although china appears to have become entangled in their web and may no longer be able to extricate itself fully)? and how shall a wealthy mormon play inside the rothschild realm, and configure the muslim surge?  it's fascinating.

Thu, 10/25/2012 - 12:51 | 2918882 earleflorida
earleflorida's picture

France is basically responsible for all of Greece borrowings... and on the flip side it is the Germans that pumped-up/ inflated Spain's housing/ property bubble---

now... whose debt would either cajoling party [ que the siamese twins by default?...Merkle & Hollande?] rather have deleted/truncated? off their influctuating,`flux-flexing...  'symbiotic ex-ante offbalance sheet?'...the Deutsche [that of zeWeimar Fame?] Bundesbank or Banque  [that of Johnny Law infamy?] de`France!

hmmm...

Thu, 10/25/2012 - 09:26 | 2918210 Sketch
Sketch's picture

killed by debt and/or the wars it induces or killed by religious zealots. dead is dead. The question then is, what's the best way to take the most with you?

Thu, 10/25/2012 - 10:39 | 2918425 john39
john39's picture

debt has been used to enslave the masses...  any surprise that the debt masters of the ancient world are basically the same debt masters of today?  when the time comes, they can't say they were not warned.

Thu, 10/25/2012 - 10:08 | 2918321 Stock Tips Inve...
Stock Tips Investment's picture

Until this day, Muslims kept that idea. Of course you do not pay interest in nominal terms. Because really if they do. Do not forget that there are bond "zero coupon". We all know that that does not mean they do not pay interest. What happens is that these bond is sold at a discount equivalent to what you would pay in interest. Everything has a solution in this life.

Thu, 10/25/2012 - 09:21 | 2918197 fuu
fuu's picture

Is it "Merry A'rafah" or "Happy A'rafah"?

Thu, 10/25/2012 - 09:35 | 2918231 zuuma
zuuma's picture

More like: "Happy Stone Age"

Dig it, Peeps!

Thriving economies are for suckers. Better to believe in magic, conspiracy theories, tribal culture & female servitude.

----------------

Could someone list for us a few of the Islamic world's post-780 A.D. accomplishments in areas such as:

- Great works of literature

- technological innovations

- Human empowerment

Thu, 10/25/2012 - 09:57 | 2918238 malikai
malikai's picture

Obviously you don't do math, chemistry, or history or you'd know just how silly that question/statement is.

EDIT: -4 so far. Keep it coming kids. Also, please comment so we can all see who the real geniuses are around here.

Thu, 10/25/2012 - 09:58 | 2918295 zuuma
zuuma's picture

obviously you didn't read " Post 780 A.D."

Moslems invented NOTHING.

Arabs & Egyptians & Persians invented lots of things - like math, architecture, brewing beer, etc.

Until they went to Islam. Then, innovation stopped.

Islam = submit

Thu, 10/25/2012 - 10:03 | 2918302 malikai
malikai's picture

Wrong.

How did the muslims figure out how to pray towards Mecca?

How did the muslims figure out what to do with that black stuff that bubbled up from the ground in what we now call Iraq?

Are you aware of a period called "The dark ages"? It wasn't so dark in the Islamic world at the time.

Thu, 10/25/2012 - 10:26 | 2918382 NorthenSoul
NorthenSoul's picture

You should know that Pamela Geller's web site is not an online version of the Library of Congress.

Just sayin'

Thu, 10/25/2012 - 10:40 | 2918430 john39
john39's picture

wow, sean hannity is a zero hedge member?

Thu, 10/25/2012 - 10:57 | 2918497 Zwelgje
Zwelgje's picture

Hafez, 1325-1389. Persian poet. ("The poet of the poets.")

Was well respected by Goethe and others.

Who are you?

Thu, 10/25/2012 - 11:58 | 2918685 ThirdWorldDude
ThirdWorldDude's picture

 "obviously you didn't read " Post 780 A.D."

  


Moslems invented NOTHING"

 

 

 

How nice, that's precisely when Islamic Golden Age began.

 

You're a sad troll, bitch!

Thu, 10/25/2012 - 10:28 | 2918388 NorthenSoul
NorthenSoul's picture

Note how nekulturny some in this crowd can be: write the word "Muslim" and that's it! The negatives keep coming and coming...

Hate is like the Bunny Energizer...

Thu, 10/25/2012 - 10:41 | 2918432 john39
john39's picture

two things... megaphonies... and programmed responses by useful idiots... 

Thu, 10/25/2012 - 09:38 | 2918234 malikai
malikai's picture

I think it's "A'rafah Mubarak", similar to "Eid Mubarak".

Thu, 10/25/2012 - 09:21 | 2918198 kralizec
kralizec's picture

Fuck Muhammad and the camel he rode!  Musloids are not racist and their savage men treat their women well?  WTF kind of fantasyland shit is this?  Pure bullshit!  Slaughter the 7th century savages!

Pork-eating infidels, to arms!

Thu, 10/25/2012 - 09:42 | 2918241 malikai
malikai's picture

The savages are the ones indebting/enslaving you, your kids, their kids, and their grandkids.

Try again.

Thu, 10/25/2012 - 09:54 | 2918276 kralizec
kralizec's picture

There are savages that use government to enslave, and there are institutions that enslave, abuse, rape and lop heads off people.  Neither is desireable, one is obviously more vile.

Thu, 10/25/2012 - 09:55 | 2918287 malikai
malikai's picture

I agree, which is why I view the enslavement, abuse, and rape of the unborn to be the most vile.

Thu, 10/25/2012 - 10:02 | 2918307 fuu
fuu's picture

Your jib has a nice cut.

Thu, 10/25/2012 - 10:03 | 2918312 knightowl77
knightowl77's picture

But abortion is ok right????  Protection of all future generations should be our goal...

Thu, 10/25/2012 - 10:23 | 2918376 malikai
malikai's picture

You want to have an abortion? Fine, none of my business.

Some beauraucrat enslaving me, my kid, grandkid, great grandkid IS my business.

Thu, 10/25/2012 - 10:43 | 2918439 john39
john39's picture

speaking of treating women like animals...  we in west hold women up on a pedestal....  just look at the wonders of the talmudic porn industry.  see how modern we are....

Thu, 10/25/2012 - 11:18 | 2918588 TPTB_r_TBTF
TPTB_r_TBTF's picture

.

...  just look at the wonders of the talmudic porn industry.

every day

Thu, 10/25/2012 - 09:53 | 2918279 adr
adr's picture

The teachings of Muhammad and Jesus have been so twisted by dictators, zealots, the Vatican, and 2000 years of bullshit that the entire meaning has been lost.

Jesus believed a church could be anywhere. Not good for the rabbi collecting vast stores of money for salvation. It was a rebellion against the taxation of tithes. Jewish men weren't very happy about the equal placement of women in religious society either.

Later Christianity would be completely turned upside down with the establishment of the Holy Roman Empire guaranteeing the dominance of Rome and the continuance of the Emperor in the form of the Pope. The empire has expanded and the confisction of wealth by the central authority has continued unabated, promising salvation instead of protecton. All you need to do is pay up.

Jesus met his end because he and his disciples dared to challenge the authority of the rabbi and the state to take your money.

Thu, 10/25/2012 - 10:14 | 2918345 kaiserhoff
kaiserhoff's picture

No good reason to believe Jesus existed.  Nazareth wasn't settled until 70 CE.

The Jews knew nothing about him, nor did any of the historians of the period.

Josephus lists 22 Jews named Jesus, not one of them the Nazarene, but he had a long passage on Honi, the circle drawer.  You remember Honi, right?

Thu, 10/25/2012 - 10:55 | 2918491 kaiserhoff
kaiserhoff's picture

It gets better.  In the run up to the first Roman War, Josephus was in charge of strenghtening the fortifications of Japha, just a mile and a half from Nazareth.  So get this, in mid 60s CE Josephus is engaged in this bitter struggle against Rome, in Jesus back yard, with stories around the camp fire every night about the great Jewish leaders of the past, but Heysus the Nazarene never comes up?

Those who have eyes, let them see.

Thu, 10/25/2012 - 12:04 | 2918742 Ghordius
Ghordius's picture

is it really, really relevant if The Nazarene existed or not? His message should be what matters. And it's undeniable in it's power.

Anyway, the debate is old, the lack of any Roman sources about him has also a lot to do with the Jewish Rebellion and how Jerusalem was besieged and taken by Titus, 70 AD. Lots of Roman archives and libraries were destroyed then. Josephus' account was written after that war and it's focus was on the war, not on general history of the region.

Thu, 10/25/2012 - 15:13 | 2919355 kaiserhoff
kaiserhoff's picture

HIS message if he didn't exist?

Thu, 10/25/2012 - 15:23 | 2919383 Ghordius
Ghordius's picture

The Message then? like in it's street form "don't be an asshole if not strictly necessary"? followed by a couple of well spaced "think again, is this really, really necessary?" and "would you really still think so if you were on the other side?". Emphathy, sympathy, forgiveness?

Thu, 10/25/2012 - 10:44 | 2918443 john39
john39's picture

very well put... the same satanists that Jesus and Muhammad fought back then are basically running the show now... and have somehow convniced the masses that they are doing 'god's' work.

Thu, 10/25/2012 - 12:06 | 2918755 Ghordius
Ghordius's picture

is there a specific reason to call them "satanists"? Bloody MegaBanksters should actually suffice, methinks.

Thu, 10/25/2012 - 11:25 | 2918607 TPTB_r_TBTF
TPTB_r_TBTF's picture

 

 

The Greatest Man Who Never Lived

jesusneverexisted.com

 

Thu, 10/25/2012 - 10:17 | 2918355 Zwelgje
Zwelgje's picture

Hey! Fuck you too!

Thu, 10/25/2012 - 10:31 | 2918398 NorthenSoul
NorthenSoul's picture

Such primal and hateful ignorance in a country where the greatest number of libraries ever to be found, are located. Unfuckingbelievable!

Thu, 10/25/2012 - 09:45 | 2918252 Treeplanter
Treeplanter's picture

The biggest dirt bag in history said a lot of things.  But he practiced child rape and mass murder and insane greed, to name a few.  All listed in the filthy Muslim scriptures.  Islam is a Satanic totalitarian cult.  We shall not submit .  Charles Martel, you betcha!

Thu, 10/25/2012 - 09:52 | 2918274 Treeplanter
Treeplanter's picture

And three cheers for Isabella and Ferdinand, who kicked the goat fuckers out of Spain!

Thu, 10/25/2012 - 10:36 | 2918413 pig no 3
pig no 3's picture

Are you from the netherlands ?

Thu, 10/25/2012 - 10:53 | 2918481 Treeplanter
Treeplanter's picture

No, but I've known some great Dutch treeplanters.

Thu, 10/25/2012 - 11:02 | 2918508 falak pema
falak pema's picture

they went and planted their trees in Boer south africa and then shouted apartheid right?

Couldn't kick out the goat fukkers from their new country, pity; now those goats eat all their trees, the apartheid ones. 

Funny how the goat fukkers breed in droves and copulate in groves. Not like the dutch who only talk double when they are not flying into Pandora's grove. That was a god awful movie, but she was pretty. 

Thu, 10/25/2012 - 11:32 | 2918631 Treeplanter
Treeplanter's picture

No, the Dutch treeplanters I know planted the cut blocks of British Columbia with Doug fir, spruce, pine, cedar, hemlock, balsam, etc.  Instead of Muslim goat fuckers we got Chai walas from India who speak English and are proud to be Canadians.  They also make great chow and like to share it.  Namaste, dude.

Thu, 10/25/2012 - 11:50 | 2918693 falak pema
falak pema's picture

Namaste ? lol, and I thought you were Isabella's own true christian sweetheart! 

Are you bringing over to Canada your subcontinental prejudices likes the Genoese boats brought their infested rats?

Hindu-Moslem hate like shia-sunni, or old christian-moslem? 
What a merry go round that is!

Namaste to you and happy tree planting, to the double dutch.  

Thu, 10/25/2012 - 13:39 | 2919045 Treeplanter
Treeplanter's picture

Hindus and Sikhs are cool.  Muslims promote greed, hatred and ignorance.  They murdered 80 millian Hindus during their Jihad and they still behave like the pigs they are, everywhere in the world.   The Jihad pukes are now whining about the cross on the Swiss flag.  I expect flags with crosses will be the new bull market in north Europe. 

Thu, 10/25/2012 - 14:36 | 2919233 falak pema
falak pema's picture

I see you 've got you ethnic and ideological Nespresso machine out and in good use; you're totally decaffeinato... Its a euro publicity, I don't think u see it on the other side of the pond. Not that I like Islamo fanatics.

Thu, 10/25/2012 - 15:50 | 2919454 Treeplanter
Treeplanter's picture

Islam is Sharia. Jihad is a duty.  You are in la-la land.  Ethnic is for laughs,  Evil is evil. Get yourself educated.

Thu, 10/25/2012 - 10:55 | 2918494 falak pema
falak pema's picture

didn't stop the goats from getting fukked by the spanish inquisition. 

Thu, 10/25/2012 - 11:03 | 2918515 fuu
fuu's picture

Or the inhabitants of the new world and the parts of the old world that were considered "barbaric and sub-human".

Thu, 10/25/2012 - 11:38 | 2918654 Treeplanter
Treeplanter's picture

The Aztecs were both barbaric and demonic, a lot like Muslims.  Three cheers for Hernan Cortez!  He wrote the book on Guts and Glory!

Thu, 10/25/2012 - 13:13 | 2918954 Two dogs
Two dogs's picture

I just finished reading the Chronicle of the Conquest of Granada by Washington Irving.  It's a bit hard-going at first because of the somewhat archaic language but worth the perseverence. And it's free (the Kindle edition anyway).  Lots of 'tilting' going on back then - but not at windmills.

Thu, 10/25/2012 - 09:47 | 2918257 Unprepared
Unprepared's picture

<--- Islam is inherently a scam and evil

<--- Contemporary Muslims/Traditions had corrupted the real message of Islam

Thu, 10/25/2012 - 09:49 | 2918265 malikai
malikai's picture

<--- Religion is inherently a scam and evil

<--- Religion is inherently a scam and evil

Thu, 10/25/2012 - 10:29 | 2918393 toomanyfakecons...
toomanyfakeconservatives's picture

Well, truth be told, debt is codified in the King James bible.

Thu, 10/25/2012 - 11:03 | 2918518 El Viejo
Thu, 10/25/2012 - 12:11 | 2918788 Ghordius
Ghordius's picture

<--- Unprepared and malikai have posed the wrong questions

<--- Shut up, Ghordius, they are doing Somebody's Work here

Thu, 10/25/2012 - 09:48 | 2918260 sessinpo
sessinpo's picture

bank guy in Brussels

« ... Allah has forbidden you to take usury (interest), therefore all interest obligation shall henceforth be waived ... »

 

Comment.

Well if usury (a relative and subjective term) is not charged, then any interest  obligation wouldn't be need to be waived. Thus the fact that Muslims are charging interest (to each other as well as anyone else they would loan too) shows that they aren't following Islamic tenants in the first place. My way of cutting through the BS.

I think you are doing the same thing in your post, I just put it in another way. Hypocracy is everywhere, not only in our republic using a democratic process, but in just about every institution, governmental, religious or political.

 

It's all BS when you apply common sense and logic to it. I'll stop right here because I could go into a huge political rant that pisses off all the liberals.

 

Thu, 10/25/2012 - 09:51 | 2918268 malikai
malikai's picture

While I completely agree with you, one look through the comments in this thread and I think it's clear that common sense, reason, and logic are in short supply.

Thu, 10/25/2012 - 10:31 | 2918401 forwardho
forwardho's picture

A-1 Brud. Lots of little minds

Thu, 10/25/2012 - 09:51 | 2918270 Joe A
Joe A's picture

He also married a 9 year old, consumated that marriage and chopped off heads of Jews, ' infidels' and other people that he didn't like. But hey, at least he was against charging interest. Yes, a really swell guy.

Thu, 10/25/2012 - 10:47 | 2918462 john39
john39's picture

according to whose version of history?   he also "married" a lot of widows and old abandoned women...   was that good or evil?  depends doesn't it... on why he did it, and what was meant by marriage... 

Thu, 10/25/2012 - 12:34 | 2918855 Joe A
Joe A's picture

Ever tried to read the quran? I tried. It is full of hate. Not that other religious books are any better.

Thu, 10/25/2012 - 10:55 | 2918475 proLiberty
proLiberty's picture

"« ... Allah has forbidden you to take usury (interest), therefore all interest obligation shall henceforth be waived ... »"

 

I deduce from the Austrians (Mises, Rothbard, etc.) that an economy cannot function for long where money has no time value.   At the very least, such an economy will not have liquid savings that are available to be used for capital investment.  

Keynes proposes to solve this problem by having government supply capital in various ways (all involve central planning), and that the money comes from infinite debt/fiat creation.  But while this changes the flow of money (dollars, Euros, etc.), it does not change the flow of economic resources.  The mirage it creates will only function so long, after which time it fails due to how rapidly nominal wages and prices destroy rational economic decision making.  We have started to enter this zone today.



Thu, 10/25/2012 - 09:24 | 2918204 Duke of Con Dao
Duke of Con Dao's picture

somebody blew their mind out in a fridge:

YouTube - Here's a Voter Who Wouldn't Take It Anymore

Thu, 10/25/2012 - 09:25 | 2918207 GetZeeGold
GetZeeGold's picture

 

 

I'm a disciple of the prophet Johnny Cash.

 

Johnny has a message for you.

http://www.youtube.com/watch?v=eJlN9jdQFSc

Thu, 10/25/2012 - 09:39 | 2918226 LouisDega
LouisDega's picture

Great man. He was also a great actor.  I Loved him as Tommy Brown on Columbos swan song episode.

Thu, 10/25/2012 - 09:55 | 2918282 Hulk
Hulk's picture

Old Johnny pulled a LALO, but forgot the wife !!!

Always pack your own chute, always !

Thu, 10/25/2012 - 10:33 | 2918406 LouisDega
LouisDega's picture

And dont forget that special coffee

Thu, 10/25/2012 - 10:00 | 2918301 Treeplanter
Treeplanter's picture

June Carter Cash told the boys at San Quentin, "Take your hands out of each others' pockets."

Thu, 10/25/2012 - 09:31 | 2918225 San Diego Gold Bug
San Diego Gold Bug's picture

“If you wish to be a success in the world, promise everything, deliver nothing.”

 
                    -Napoleon Bonaparte  And "Barack Obama 2008-Present"

Thu, 10/25/2012 - 10:01 | 2918303 falak pema
falak pema's picture

hey if BArack were as potent as Napoleon, he would go down in history as having outfoxed and outboxed the world as Nappy did with most of Europe except for perfidious Albion. Not bad for a Kenyan who has no passport; a bit like a Corsican who had no high heeled boots, like Sarko did...but was as short if not shorter. NApoleon did deliver, make no doubt of that! 

Thu, 10/25/2012 - 09:36 | 2918232 adr
adr's picture

My new investment idea is to put solar panels on the north facing roofs of homes in NE Ohio during the winter.

Should be good for at least $500 million from the DOE. Come on Obama, it's a sure bet. I could really use the money for "research".

Thu, 10/25/2012 - 09:42 | 2918244 falak pema
falak pema's picture

Mark of Grant and Eurobashing; France now on the eve of the Battle of Pavie and Spain in the throes of its financial armada sinking. It all makes captivating reading. 

When a bank guy from Brussels says no interest is a good thing and quotes Mahomet of Islam to make his point, in the face of virulent Occident all hell bent on nailing every Moslem on the cross of Jesus, (as we can't do that to the Hebrews, they are part of WS cabalista clan, lets find surrogates to burn as heretics); now thats what I call a double twist to the conventional thread that would be considered "double fault" on Wimbledon's elitist and oligarchy infested Center court! 

Not on, not on, to play like that! 

Thu, 10/25/2012 - 10:13 | 2918342 Sophist Economicus
Sophist Economicus's picture

Zzzzzzzzzzzzz...

Thu, 10/25/2012 - 10:53 | 2918479 falak pema
falak pema's picture

nice avatar goes with the buzz.

Thu, 10/25/2012 - 10:38 | 2918420 TheCanadianAustrian
TheCanadianAustrian's picture

What's wrong with making your point in plain ol' everyday English?

Thu, 10/25/2012 - 09:46 | 2918253 wagthetails
wagthetails's picture

it's almost pointless writting these articles, just redundant.  a lot of us know what is going to happen, but you can't time it.  we'll probably be reading the same articles next year.  but eventually it breaks. 

That being said, if the ship is going down, drinking your best wine is probably not a bad way to live out the last few months or year of the "good" economy. 

Thu, 10/25/2012 - 09:48 | 2918263 crito
crito's picture

Great ending quote !

Thu, 10/25/2012 - 10:16 | 2918348 covert
covert's picture

indeed.

covert.ias3.com/expose

Thu, 10/25/2012 - 10:28 | 2918389 q99x2
q99x2's picture

Yes France will do well. Very educated people. Once they run the Troika dry they'll find other ways to get the money flowing. I"ve done the same. It really works because the world has over produced and is mostly automated to the point where most don't have to work these days. Banksters would like to make you think that the money has to be paid back but the truth is it doesn't and it won't. But the biggest lie is that the excess money is running out. It isn't. There are many quadrillions to spread around. In fact the excess money keeps building up each year. Banksters won't tell you that but eventually they will keep handing it out.

Thu, 10/25/2012 - 10:59 | 2918501 poldark
poldark's picture

Sansander profits down 94% share price down 0.4%.

Who said the market was fixed?

Thu, 10/25/2012 - 14:54 | 2919297 Canucklehead
Canucklehead's picture

During the Roman/Byzantine times, the practise of pilgrimage to the holy lands and places was accepted and honored.  There was an established economy that all peoples participated in.  This was prior to the invention/creation of the self-professed leader called Mohammad.

The UMAYYADS saw the middle east as a Christian land, and treated Christianity with respect. 

The Seljuks destroyed the Umayads, changed things and precipitated the Crusades.  Wars were fought to re-establish access to these holy lands.

One proper title for much of the Middle East is Outremere.  Prior to that it was called the Roman lands of Palestine.  The Jews have lived in those lands since the beginning.

If the Muslims want to talk about peace, they need to pick a point in time that is acceptable for all peoples of the Middle East.  Attempts to freeze the discussion to a point in Medival time will re-start the medival actions and reactions of all the faiths.

Thu, 10/25/2012 - 14:58 | 2919310 Tango in the Blight
Tango in the Blight's picture

Netanyahoo and Rombamny are tilting at Iranian uranium mills

Netanyahoo and Rombamny are right about Iranian uranium mills

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