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Quote Of The Day: "That Was Not A Joke"
If one needs proof that after 3 years of being merely totally insolvent, Europe is now also world's greatest Bazooko circus in history, please fast forward to 24 minutes into the clip, where Europe's most pathological liar is now its most (in)voluntary comedian as well.
Question: Is the goal still to get Greece's debt to 120%?
Juncker: The fact is that the target of 120% will remain, but the target as far as the time frame is concerned has been postponed to 2022.
[Laughter in the room]
Juncker: That was not a joke!
Fast forward to 24:00
And cue Bazooko's Circus.
h/t Alex
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I lol'd.
I didn't mean too.
Have you ever snorted oatmeal out of your nose? My whole day is ruined.
Blackmailing countries, in this case a fucking continent, is never a joke.
Some friendly advice for Juncker: If you don't want people to laugh at you, don't sound like a clown.
#iJunker
Actually..., it really IS a joke!
That laugh sounded suspiciously like Nigel Farage.
"when it gets serious you have to lighten the mood with a bit of humor"
or something like that
Quote of the decade:
Bernanke Under Oath: We Will Not Monetize The Debt - YouTube...but where was the laughter, bitchez?
They should have carried on laughing AFTER he said "That was not a joke" too. They all should have. Laughed this fucking clown right off the stage and into a jail cell. One can dream.
True. But better that they laughed at the absurdity of the comment, then sit there and take it - silently. Someday that laughter will turn to pitchforks and torches though, surely. But that'll be in a different venue, and may catch Juncker completely by surprise.
Spot on. He had an immediate visceral reaction to hearing base laughter in response to his profound utterings.
Pompous, self-important tyrants can't stand being laughed at, but laughter is the best response to the absurdity surrounding us. Win-win. There's the added benefit of feeling nice and refreshed when it is time to light fires and sharpen axe blades.
More than one continent.
Top 10 ways to PROFIT from the global recovery:
1. Invest in Green Technologies
Green technologies remain the single greatest opportunity of the 21st century. As the world makes the transition to the green economy, savvy investors that invest in the right green energies will be handsomely rewarded.
2. Invest in European Peripheral Debt
The European crisis has finally blown over, and the European economy is finally starting to pick up. However, the yields on peripheral bonds remain extremely attractive. Value investors that take advantage of this arbitrage will reap great rewards as the peripheries begin to balance their budgets and rebuild their economies.
3. Buy Undervalued Blue Chip Stocks
Many of America's top blue chip companies are positioned to profit from the global recovery. Interest rates are lower than ever, which gives companies access to cheap credit to finance their operations, creating long-term sustainable growth.
4. Invest in Real Estate
Americans now have access to HARP which although it was meant for first time home buyers, there is a good chance that politicians will turn a blind eye to patriotic savvy investors looking to invest in America by buying a second or third home.
5. Never take investment guidance from MDB.
Dude......green is gonna turn green any day now.
Let me close my eyes - I BELIEVE and SEE the GREEN shoots! We're saved!
Top 10 ways to PROFIT from the global recovery (continued)
~~~
6. Join a cult & pledge your unwavering worship to Moloch
7. Crash an Eyes Wide Shut party & get fotos of partygoers performing acts of pedophilia
8. Sign up for every bit of "free" shit the gubmint will give you.
9. Become a black market entrepreneur.
www.benefits.gov
I thought you meant become Black
it will really help with #8
I think many miss MDB's premise on his comments, as he forgets to posit who the investment is for. If one believes a green technology investment is for the one parting with their money, they would be gravely mistaken.
Shhh. Dont tell him I stole 5-10.
OK, MDB, now is when you say, "Dat vas not a joke".
( pissssst. Hey buddy. Over here. Hey...um....say...are you interested in a sure thing? I...I ...got windmills...free power.....well, not here, on me, there off shore...out there over the horizon. .... )
Isn't that the squids telemarketing script?
MDB is very,very. on the money. With the ironic twist, doing the opposite would be a good plan
Contrarian indicator.
How's your FaceBook position doing MDB? Are you dollar cost averaging?
Genius MDB.... sheer genius: 1 + 2 + 3 + 4 = 10!
LOL!
You summarized the ECB shit show perfectly. How to lose a fortune in 16 quarters.
I did not actually read what you said. I just junked you on principle.
Please understand that there are more subtle forms of humor than farts and queefs.
5. Deliver only 40% of what you promise.
MDB, I believe, I believe...
1a: help big Al and your own investment, point at everything and say CAGW dunnit
I loves me some MDB!
Access to HAARP?
Hey MDB.... I didn't know that you knew about HAARP.
HAARP stands for High Frequency Active Aurorol Research Program.
HAARP is dangerous to us all.
S.A.G.....+ HAARP +Chemtrails= bad for us all
Tell your friends MDB.....
Thanks in advance.
How has the European crisis blown over? This is the dumbest comment of the week so far, congratulations. Since everything you say is completely wrong, you must work for Goldman. Everyone, please do the exact opposite of this.
If only you could get a full length article posted up.
Obligatory McBain Thats The Joke
http://www.garage208.com/forum/images/smilies/thats_the_joke.jpg
Europe has moved from the Divine Right of Kings with in some cases full sov power.
To banking republics with some limited executive power remaining.
To modern extreme market states where countries cannot produce fiat to pay off the banking credit hyperinflation.
What a fucking sick nightmare.
http://en.wikipedia.org/wiki/Divine_right_of_kings
This divine right of the King has been replaced by the banks divine right to speak gobbledygook to the masses......the entire 1648 thingy has turned in on itself.
Its a absurdity
http://www.youtube.com/watch?v=k3YkCWJIMXE
Riche B. is correct within this current monetary framework
"this is not a pawnbroking business"
They are messing up the FIAT money supply to preserve their credit Kingdoms.
As is clear from the above video - bank assets be it mortgages or fiscal debt on their asset side of their books is a mere conduit for extraction of a rent from the GOVERMENT MONEY SUPPLY
The assets have no intrinsic value .........its the legal right to extract which has value.
REFEUDALIZATION
Enjoy your future, peasant.
And historically after that...
Lots of governments overthrown, Royality beheaded, Rise of Napoleon, The collapse of the French empire. Fracturing of the Germanic states. Only thing that kept England out of the shit then was Cromwell and his list of reforms and an infant Parlimentry system that offered a chance for lord and rich commoners to participate in government practices. Italy was in the middle of becoming the technology center of the world. Greece was greece. Spain was paralysed with debts. Portugual was still on the international stage and pushing on colonization needs. Ireland and Scotland was at the start of the passive invasion of North America (kick a family tree and we're there).
Once the old was dead and buried the next thing that happened was a technology boom of the real industrial era once populations adopted a DIY attitude. Black Smiths became Machinists, Machinists became Engineers. Masons became architects. Weavers deployed the first primative computers and automation for loom work...and here we are today. It took 80 years to get there from 1648 and lots of dead divinity at the end of a rope and peasants starving in a ditch to do it though.
People find a way, the trick is avoiding the cross fire while the reset is happening.
Cromwellian republics are Venetian banking republics.........to gain all those nice legal rights and stuff England and later the UK stripped Ireland and Scotland and turned large areas into sheep ranches.
I would prefer a Fiat King over such bad bastards.
This new European market state experiment is almost identical to its version of the nation state experiment of the 1600s when they decided to destroy what remains of the both the Gaelic and Norman tribal systems.
This time they are destroying the nation state system that they themselves( at least to some extent) created.
Some say Alan Breck spoke with a Cockney accent................
http://www.youtube.com/watch?v=Y35a6qy6BtA
Truth spoken, if the Queen doesn't have her hand deep in Canadian wallets you could colour me surprised.
The reason it's not going to go anywhere though is energy. Every society has an elephant in the room called the end of cheap energy. To even entertain the notion of centralized anything in this world it requires alot of power. The idea that Belgium would be heading up anything but fine chocolate, steak/fries, great beer and tiny disco floors 50 years ago was laughable, it's still just as a silly notion today. This situation is a question of quick sand now.
Shrinking oil output, lower quality fuel, aging infrastructure that should have been replaced decades ago. Once rolling blackouts hit, like Greece, Spain and Italy, more Europeans will understand that Belgium isn't qualified to organize a cat fight let alone an economy or the other 99.999% of the requirements to keep an economy healthy. Like the league of Nations and soon to be ex-UN, ECB and even the US Central Federal system won't be around. If they are, it'll be full of people giving orders and nobody paying attention to the crazy people. Like all failed government structures it takes a while to shake the dead weight from the tree.
How that happens is anybody's guess. I have faith the weak hands will die off and leave those of us standing with a slightly more tenancious attitude towards governance and technical solutions. The human race in terms of history has never really been anything but a by-product of it's available technology and I would even throw art in that pile (everyone needs inspiration). Governments are as disposable as tissue in a box. Take one out, another one appears.
No shortage of assholes and champions willing to lead, what we are seeing is an energy problem combined with an over population problem in Europe. When in nature a population stabilizes with a herd, replacement is the way of things not expansion. What fucked europe was a assuming there was anything worth expanding instead of maintaining. The decisions made for immigration were based on greed and leverage. The consequence of the action to maintain bond rates for pensions was invite religious goat herders to sit in the welfare systems and kick the door open to invite Nazies into every European country.
Hilter only required 8% of the popular vote to over run Europe and cause troubles for everyone for decades. The Ayatollah only required religious wackadoos to change the shape of the Middle East. European countries will have to figure something out for a third option soon because the only options now are the fourth reich or Islam. One of those two I suppose will rule Europe next. Neither option is appealing for obvious reasons, unless Europeans learn how to tell them they are crazy and throw all of them out that's what they will end up with.
I don't fear the ECB or the Banks. Toothless, pointless, valueless. I fear crazy people that take their currency in blood and belief.
It think it's going the other way, man.
Peak Enlightenment happend a long time ago.
http://www.amazon.ca/Why-Things-Bite-Back-Consequences/dp/0679747567
This might be up your alley. technology development spurts aren't as given in half time to development. Technology that is new takes hundreds of years to mature, it is the redevelopment of existing ideas that is quick because specializations develop around the tech itself. Tech does hit the wall in terms of gains. Think of computers, we literally have cpu internal processes nearly matching the speed of light. That is the barrier.
So the tech might be available now, but it just hasn't matured in any relevant way to offer a solution. In meanwhile we get front row seats to the shit show and record the passing of it while we hurry up and wait, watching fools attempting to burn down their own houses.
TFTL!
"It took 80 years to get there..."
So, unless by a miracle of technology (or something) time is now running much faster, for people who've already been born, the trick is figuring out where the fuck to hide for the remainder of our natural lives...
Hurry up and wait. lol. That's life unfortunately.
People already have currency to trade, it just doesn't look like silver or gold or fiat. Comes in handshakes and honouring commitments to each other. For all the wild gun men roaming the landscape and the world on fire end of world scenarios offered, I personally just simply refuse them out of hand. The people that wish to live by the gun will die by it.
Want to see an area of the world where everyone makes due, is one of the nicest places on the planet and there are no gun fights on the corners. Travel to the East Coast of Canada. Nobody has two pennies to rub together, but things get done. Instead of the Man on Fire offered by MSM and it's acolytes, I believe Anne of Green Gables with the power of low power communication digital technology is very possible if people steady themselves and figure out what is required instead of wanted.
Uhoh...
"Watch me pull my hand out this muppets ass."
What an idiot. The Greeks need to be dragging these fuckers through the streets.....well actually they need to start with their elected officials and work their way up the chain. More poverty and misery projected for 10 years just to make sure the bankers get paid.
No no no, start at the top, the banksters, then work down to government. If you go and start toppling governments the banksters will be able to go underground and finance both sides again!
Good point...We will go with your plan.
Que Golden Dawn, in: 5...4...3...
That will happen as soon as the police join the mobs instead of trying to control them. When that day happens - when the police kick down the barricades to government along with the people - then it will dawn on people in Spain, Italy, Portugal, the US...everywhere, that all things are possible when people take control of the government that is there to serve them. Their only danger would be replacing tyranny with more tyranny. I would bet, though, that they're hungry enough to chance it.
+1 for you, Doc.
Politicians are expected to lie; and we all know its not funny 'cos if they told the truth, the banks would be emptied of all their money in a giffy. End of politicians, they'd be hanging to the lamposts tied to the entrails of the bankers.
So "its not a joke" expresses very deep underlying fears by those who say it : Better to lie than to die!
They all remember 1789.
I let out a Barney Frank watching that. Thanks.
stateside
Well... that was awkward.
You should see the German translation.
Not funny at all!
Nice to see the Europeans haven't let the tradition of Court Jesters die along with their cultures...
Well, after hearing that. Mr junker, you are on formal notice that when you're skinny neck is on a stick, for taking the piss out of the poor fuckers who keep you in the lifestyle you do not deserve or warrant.
That wasn't a fucking joke neither, you parasitic, nation wrecking, imbecile.
BO: Is that a trick question?
2525
Or whenever Benny boy buys up all the debt.
Obama: 2525
Press: lol
Obama: That was not a joke.
Obama: I ain't got that many fingers.
2017
2014 (and only because of the sick joke that is FASB)
in 32 month, that is 2015
Not the way they are spending.Ignore CBO projections
Add in another few pointless wars, and they will hit it in 2014.
Everything keeps coming back to that year.
Kudos to John Williams @shadowstats.
On the way up or back down?
Cause one is soon, the other is never.
pods
idiots hang em high
The target of 120% will remain, but the target as far as the time frame has been postponed to infinity...
I reckon they forgot a 0. It's more like 20022, isn't it?
Cue Zager and Evans.
it's not a joke it's RETARDED!
So funny, even those who have committed suicide because of the pressure imposed by this economic destitution, are laughing.
Wait, nope; they are dead.
So every single deal they make falls apart in weeks/months, yet we are going to be estimating things 10 years out?
Pull the other one!
pods
It's like the five-year plans of our soviet brethren only better.
At the rate of contraction what will be left of the Greek economy by 2022 ?
Riot Dog.
I heard once there is an infinite set of numbers between 1 and 0, more than infinity.
Deep I know but true.
IMO he just guessed...
'That.....that was NOT a JOKE!!' <:D
What needs to happen is that noone shows up to these press conferences anymore...that would scare the hell out of these talking suits...2022...lol....
Asshat extraordinaire.
This stupid bought out fucker thought he was being striaght with the audience.
If that was me laughing, I would of had the balls to stand up and say something like "Are you taking the fucking piss mate? Greece is at 500% bullshit and now you reckon in ten years time they will reduce the defecit down to 120% after needing monthly bailouts??????"
"Are you taking the fucking piss junker????"
Is what should have been said.
Burn these fuckers at the stake. They deserve no less.
“When it becomes serious, you have to lie." -Jean Claude Juncker
LoL
he should have said when Govt budgets have become a joke you have to seriously lie it's no joke
finally also the EU lazy guy lier Juncker understands the name of the game: kicking the can down the road, the yanks told him the lesson. funny that dear blond christine is playing her role this way, I really don't know, whether her masters are happy with her behaviour..
People are noticing that the money system makes you disposable when it doesn't need you anymore to function.
http://www.abc.net.au/foreign/content/2012/s3631692.htm
Stock Market Could Face A Massive Sell Off Today: German Nov. ZEW Index Falls Unexpectedly To -15.7, EU, IMF Clash Over Greece, An Important “Dual Test of Support” Is At Hand Right Now For The 500 Index, And Marc Faber Warns Of A Massive Market Meltdown
http://investmentwatchblog.com/stock-market-could-face-a-massive-sell-off-today-german-nov-zew-index-falls-unexpectedly-to-15-7-eu-imf-clash-over-greece-and-marc-faber-warns-of-a-massive-market-meltdown/
Why economists are so bad at predicting recessions
http://www.ritholtz.com/blog/2012/11/why-arer-economists-so-bad-at-forecasting-recessions/?
The joke is that this can kicking is worth an 80 point turnaround in the dow this morning
Make that 125 pts. The coke on thr floor must be a tad more pure today.
Greece will literally look like the bad parts of Africa with these assholes fucking with them till 2022. The rich might have plans, the poor and starving might not want to go along with it.
Junker is happy to announce:
That the Troika is happy to se that,the Greecs have bought weapons from almost all the impotent contrys.
And we see that suicide rates are up,this derivativ is a goal in it self,Cascets(your last appartment) are selling fine,but is expected to increase,due to the Goldmans Vehicle speciality,called jump up,and fall flat death.
Beside this,Junker is happy to inform,that the salery of the Troika members are taxfree and excempted to Cavemans, Dung Farm,where they all sing this togther,You cant always get what, They need,but if you look at us,you got what you get.
Written by:Opus Ti Deu,and he Betrayus,mixture of Portuguise(Brasileuiro) and Eumericansk(Anglomekanisk)
And may Your Gods be with You especialy the Spanish(yes Messi,sias,messenger of Unicef),signed,Lloyd an easteren Eumorphocan Car!
Disney ,coud not have written this script, better,a Donnald go and Duck!
"That was no joke"
He's kidding right? ...no, no, this guy is seriously kidding.
This isn't the first time Junker has driven the media to laughter at an EU presser
That was not a joke that was a Juncker.
Juncker / defintion - 1.) of junk, or 2.) to suck.
adj: a combination of junk and suck or junk suck(er)ing.
That was Nigel over there laughing at Junker. (I spelled it 'Junker' intentionally)
And did you know there were two Erich (Eric) Hartmanns?
http://www.youtube.com/watch?v=kXf3wx5nPXU
JUst read another article where some think tank is saying the level of debt at 120% is not sustainable etc. etc. by the IMF.
Here's the thing the 120% is not sustainable under IMF / EU / Troika rules is what should be understood.
Because if it is solely the number at 120% being unsustainable then Japan's 200% is not sustainable either.
Greece needs to exit, devalue and as Japan hold its own debt therefore the debt cannot be traded globally for profit etc. Maybe the 200%+ and maybe higher debt economy ends up as an inevitability and the only solution is
"TO HOLD ONES OWN DEBT AND MAINTAIN THE ABILITY TO MANIPULATE ONES OWN CURRENCY AND HENCE ECONOMY TO KEEP IT ALL GOING".
Then take that rule and all sovereignty within the EU has to go with the EU central bank the economic manipulator. No area outside of the EU can hold its debt includes Mr China or anybody else.
Then you can see the issues, removal of sovereignty and the single currency both distinct within the same problem of fiscal responsibility.
Anyone who laughs at the king will be taken out back and shot. Your family will be sent an invoice for the bullet.
I couldn't help myself, it's the way he tells them.
This is misleading. If you watch before 24 minutes, the Bloomberg reporter asks if 2022 is still the goal to get the debt down to 120%. Then Juncker replies the goal is still 120%, but the date has been postponed until 2022. The laughter seems due to the fact that the reporter asked if the goal was still 2022 and then Juncker replies, no the goal has been postponed to 2022.
This does not take away from the fact that these "goals" are absurd, but either the poster didn't pay attention or is being disingenuous.
Jean Claude acts as a typical politburo chinovnik.
Well, at least Christine sees the situation in Greece encouraging regardless of increased instability, growing unemployment and consequent riots as well as apparent unsustainability of every so far centrally planned out debt ceiling. But new brighter promises are fluently coming out so that the show can go on. After all, resounding verbal declarations have always been the most important thing in the statist pseudo-economic shell game.
We are not far from the moment when mere promises will become a Tier 1 quality collateral.
Right before, Lagarde says that she doens't read German so Der Spiegel isn't something she has read. There's an english version Christine. #spin
Somebody in need of a journalist?
Seems there is one more looking for a job.
The laugh exposes the BS and Juncker was not amused, so the journalist just lost his press card.
perfect comedy ...perfect timing. to bad we will all laugh going to the new gas chambers....!...LOL
No, no, THAT wasn't a joke -but this whole fucking-slow-motion-TBTFBanks-bailout-greece-fiasco-car-crash is a TOTAL JOKE!!
It was 'getting serious' , so he 'had to lie'.
serious mental illness
..anyone that thinks they can keep a Greek to his word in 6 months is dreaming, this dreamer Junker thinks he can agree a Greek budget in 2022 ??????????????????????
Mwhahaha
Hilarious