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Nigel Farage Message To Europeans: "Get Your Money Out While You Can"

Tyler Durden's picture


In Nigel Farage's first TV appearance since the Cypriot wealth tax was announced, the Englishman pulls no punches. In all his years and all his experience of the desperation of the European Union's leadership "never did [he] think they would resort to stealing money from people's savings accounts." The simple fact is that they know they cannot let any country leave, no matter how small, for "once one country goes, the whole deck of cards will come tumbling down." There is now "clear irreconcilable differences" between the North and the South of Europe and now that they have done this in one country, "they are quite capable of doing it in Italy, Spain and anywhere." The message that sends to people is "get your money out while you can." As far as his British constituents, he strongly recommends George Osborne (UK Chancellor) urge ex-pats to remove all their money and do monthly transfers from home. "Do Not Invest In The Euro-Zone," he concludes, "you have to be mad to do so - as it is now run by people who do not respect democracy, the rule of law, or the basic principles upon which Western civilization is based."

"They are propping up a Eurozone that, in the end, will collapse in disastrous failure and they are prepared to do anything to do so."

5 minutes of reality from a European MP - must watch...



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Tue, 03/19/2013 - 16:42 | 3349393 whotookmyalias
whotookmyalias's picture

And by the way if you are reading this it might already be too late.

Tue, 03/19/2013 - 16:46 | 3349418 redpill
redpill's picture

This is the kind of shit I wish Santelli would say on CNBC.

Tue, 03/19/2013 - 16:49 | 3349434 nope-1004
nope-1004's picture

Yes, get your money out.  Buy gold, as savings now even have counterparty risk.



Tue, 03/19/2013 - 16:50 | 3349447 DoChenRollingBearing
DoChenRollingBearing's picture

+ $55,000


Tue, 03/19/2013 - 17:05 | 3349507 WayBehind
WayBehind's picture

tick tick tick ... boooooom!

Tue, 03/19/2013 - 17:09 | 3349530 Manthong
Manthong's picture

‘now run by people who don’t respect democracy, who don’t respect the rule of law, who don’t respect the basic principles upon which western civilization is supposed to be based”

When did Nigel visit Illinois to record this?

Tue, 03/19/2013 - 17:12 | 3349537 Half_A_Billion_...
Half_A_Billion_Hollow_Points's picture

7 marines killed in "exercise" in NV, at least 7 injured

Tue, 03/19/2013 - 17:26 | 3349563 Kitler
Kitler's picture

There has got to be a shitload of people wanting to 'make plans' for Nigel Farage right about now.

Nigel's whole future (or what precious little is left of it) is as good as sealed

Tue, 03/19/2013 - 17:44 | 3349686 Cathartes Aura
Cathartes Aura's picture

Nigel just needs this helping hand. . .

Tue, 03/19/2013 - 17:54 | 3349751 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Nigel's whole future is as good as sealed

Tue, 03/19/2013 - 18:11 | 3349830 TruthInSunshine
TruthInSunshine's picture

<Trumpets blare>

Here comes Hilsenrath, Here comes Hilsenrath, right down Fed Dove "Jawbone" Lane (or is it Maiden Lane?)...

03-19 17:42: Fed watcher Hilsenrath says I think Fed will be waving the green flag to markets at FOMC Meeting tomorrow

News Headline Summary Fed watcher Hilsenrath says I think Fed will be waving the green flag to markets at FOMC meeting tomorrow, Fed wont try to tamp things down, havn't seen enough positive data yet


Buy Zynga, Buy LULU, Buy Facebook & Groupon...

But did you know, the most famous Bernank'd stock of all?

CRM the v2.0 "stawk" had a very high P/E

And if you ever saw it, you'd note the irrationality

Tue, 03/19/2013 - 18:25 | 3349932 edb5s
edb5s's picture

Kevin must have snorted down two 8-balls instead of one today.  Somehow managed to at least get the Dow green by day's end.  What a joke.

Tue, 03/19/2013 - 18:40 | 3350015 TruthInSunshine
TruthInSunshine's picture

Bernank will give the orders soon to regroup, and focus Fed efforts on propping up the Dow.

It's easier to deploy all the King's fiat to attempt to ensure that such a 30 company index that is a shining beacon & symbol of prosperity & justice for all is either reported on as being "green," or in worst case scenarios, only modestly "red," by sheeple-vision anchors that are Brian Williams, Ali Velshi, Rachel Maddow & Shep Smith, et al.

Tue, 03/19/2013 - 20:24 | 3350419 PiratePawpaw
PiratePawpaw's picture

Massive ammounts of make-believe ethereal wealth sloshing around in a make-believe ethereal system trying to find a safe place to land................this can only end one way. When the music stops, there wont be enough chairs............Hold something physical...............Even pirates need someone to trade with, and we dont care much for paper or electronic digits. :)

P.S. get a gun...........We tend to trade more honestly if you are armed. :)

Tue, 03/19/2013 - 20:40 | 3350485 TruthInSunshine
TruthInSunshine's picture

Thus the age old saying, when one has been asked if something is credible, stable, wise or valuable, throughout history:

"It's as good as GRPN."

Tue, 03/19/2013 - 23:03 | 3350817 FEDbuster
FEDbuster's picture

All my Apple stock is dehydrated in #10 cans. 

Tue, 03/19/2013 - 22:54 | 3350898 Anusocracy
Anusocracy's picture

Time for some serious rebranding.

Henceforth, the EU will be called the Euranargentinian Union.

Tue, 03/19/2013 - 23:57 | 3351014 francis_sawyer
francis_sawyer's picture

OK Spuds... I gave u enuf time... But now u gotta figur it out... [4 yourselves]...


"When you smell the smoke

You don't need to be told

What u gotta do...


Yet there's a certain breed

so very IN BETWEEN

they'd rather take a vote...


Runnin short on time

Still they can't decide...

What we already KNOW"




When it grows too long

 The tail wags the dog  

The hand that bites gets fed


Troubles multiply  

The crowd begins to cry  

For some common sense


Let them all dig in  

When the odds are no win  

Head for the nearest door

’Cause we are here to go...



Wed, 03/20/2013 - 00:25 | 3351086 Say What Again
Say What Again's picture

Talk about "All Time Highs"

The Krug-Man has just set an All-Time Record for the most DOWN points.

Wed, 03/20/2013 - 04:56 | 3351308 ebworthen
ebworthen's picture

Thank You!

And the Go Mix version!  Perfect.

Tue, 03/19/2013 - 20:47 | 3350509 WonderDawg
WonderDawg's picture

Don't be surprised if there's one last blow off top before reality strikes. They may need more bagholders.

Tue, 03/19/2013 - 22:02 | 3350748 TruthInSunshine
TruthInSunshine's picture

I implore all to read the following, which was posted at The Economic Populist, and written by Numerian; it's one of "those essays" that is highly accurate in its analysis, and illustrates perfectly how the Ben Bernankes of the central banks around the globe are now on the cusp of destroying the current economic & monetary system (assign your own reasons to their actions or motives):

The War on Savers Heats Up
Tue, 03/19/2013 - 23:19 | 3350963 Seer
Seer's picture

You mean that you actually have to have some sort of plan to blow up a system that is predicated on perpetual growth on a finite planet and operates with pieces of paper? that isn't enough to blow things up?

Tue, 03/19/2013 - 20:38 | 3350478 fonestar
fonestar's picture

Looks like a good chunk of that cash they took out went into Bitcoin today!


Amazing what a real, floating currency can do without the regular open smackdown hey?

Tue, 03/19/2013 - 20:55 | 3350535 NoDebt
NoDebt's picture

I noticed.  But please..... try to act like you hate it around here, OK.

<secret handshake> <secret handshake>  We're cool, right?

Wed, 03/20/2013 - 00:05 | 3351065 fuu
fuu's picture

Only terrorists and child molesters would use such an unpatriotic tool.

Also speculation is evil.

Tue, 03/19/2013 - 20:57 | 3350537 GOSPLAN HERO
GOSPLAN HERO's picture

Nigel Farage is a modern day Patrick Henry: "Give me liberty, or give me death."

Tue, 03/19/2013 - 17:45 | 3349690 BeaverFever
BeaverFever's picture

They already tried to kill him once. Didn't succeed. Next time? Hope not.

Tue, 03/19/2013 - 19:04 | 3350118 kchrisc
kchrisc's picture

I wonder if they'll make him do the "Dr. Kelly forest death run" or the "Vince Foster double shot to the head 'suicide'?!"                    hujel

Tue, 03/19/2013 - 20:14 | 3350385 caconhma
caconhma's picture

Nigel Farage is a provocateur working for the same Zionist Banking Mafia. There is a need to offer to people an appearance for having diversity and choices.


Like Bush and Obama. They spoke very differently but their policies are the same. They are employed by the same masters.


Tue, 03/19/2013 - 23:47 | 3351024 mumcard
mumcard's picture

Just keeping a finger on the pulse of the herd lest they stampede unexpectedly.

Tue, 03/19/2013 - 20:24 | 3350421 Silver Garbage Man
Silver Garbage Man's picture

Ya, but he is not compromised. At least his soul has a chance.

Tue, 03/19/2013 - 20:24 | 3350423 HardAssets
HardAssets's picture

Everybody's future is sealed . . . . unless those brave voices like Nigel Farage and others like him keep getting the word out so that just maybe the stupid public (especially in America) might finally get a clue.

They have been robbed all their lives. Do they want that to continue or not ?

Tue, 03/19/2013 - 19:11 | 3350141 insanelysane
insanelysane's picture

Why do I get the feeling they were droned at night and not mortared???

Tue, 03/19/2013 - 20:45 | 3350499 caconhma
caconhma's picture

It is not serious to speak about free market system and bailouts.

May be it is a good time to ask a very simple question: how could a poor country as Cyprus have more than $60B in local citizen deposits? May be Cyprus government shall stop offering its citizenship to mafia & gangster members from all around world? Cyprus and its government were/are involved in criminal enterprise and its citizens must pay price for it.

So, it is the time to stop feeling sorry for thieves and gangsters losing some of their ill-gained money and “poor” citizens who happily benefited from these hot money.



Tue, 03/19/2013 - 20:53 | 3350529 WonderDawg
WonderDawg's picture

Theft is theft, regardless of the background noise you're making. It sets a precedent. It also reveals some insight as to what they're thinking.

Also, I'm pretty sure the citizens didn't benefit nearly as much as the bankers, and it certainly doesn't justify theft by the state for the good of the bankers.

Tue, 03/19/2013 - 22:02 | 3350767 post turtle saver
post turtle saver's picture

two wrongs don't make a right... you get -1

Wed, 03/20/2013 - 07:15 | 3351431 onthesquare
onthesquare's picture

The return to fundamentals.  The 3 "C"s of lending money: Collateral, Credit, Capacity.  Did Cyprus ever have these?  With the acceptance of ill gotten gains they extended that philosophy to the lending practices.  Easy come easy go.  The prostitution and drug Tzars want a good return on their investment so we have to take the high risk.  then the Tzars came back for their capital and the gains.  The banks of Cyprus could not fork it over.  The rest you can figure out for your self.

Wed, 03/20/2013 - 09:05 | 3351735 currencywar
currencywar's picture

Lots of countries are benefiting from "hot" money. 

The UK comes especially to mind.  Lots of money laundering, dirty money from Russia and the Middle East, etc., whatever it takes to keep things rolling in the face of a deficit that is reputed to be 900% of GDP. 

But, to say that average, prudent savers should be penalized is crazy and sets a terrible precedence. 

Wed, 03/20/2013 - 22:51 | 3355433 MeelionDollerBogus
MeelionDollerBogus's picture

You can’t be serious. The only people interfering are bigger thieves with the biggest military forces.

I can’t give credibility to that.

Tue, 03/19/2013 - 23:06 | 3350925 Crawdaddy
Crawdaddy's picture

I'm hoping you got down votied in a shoot the messenger type way, Because 7 guys getting killed in training is significant in my book. Conflicting stories about what happend. Either way - 7 guys are dead and that aint good.

Wed, 03/20/2013 - 16:45 | 3353931 Non-Zero
Non-Zero's picture



Just WHO is that in your avatar?



Tue, 03/19/2013 - 17:30 | 3349616 jus_lite_reading
jus_lite_reading's picture

WARNING: If you have not already made the preparations as has been outlined here and on other sites, I'm sorry to say, you have not much time to finish now. The clock is ticking.... whispers of 3/25 as the "peace deal" offering... Best to all my fellow Hedgers!!

Tue, 03/19/2013 - 18:27 | 3349946 Crash Overide
Crash Overide's picture

I am sorry, but if you haven't figured out what's going on by now it is too late... The storm is here.

Tue, 03/19/2013 - 18:46 | 3350053 Esso
Esso's picture

It's not too late until it's over, but y'all better get started NOW.

Tue, 03/19/2013 - 21:43 | 3350698 lewy14
lewy14's picture

No, this isn't the big one.

"They" aren't ready yet.

The process has some time to go from here. What we're seeing is a slower conditioning of the population to accept their impotence - think Gitmo-style torture, the objective of which is to induce "learned helplessness" in the captives.

The elites are tired of having to deal with the whole "confidence and trust of the population" issue. They are in no hurry to deal with full scale revolt or civil disorder.

They still have time to get everyone used to the fact that they have no where to run, no place to put their savings, and, after the destruction of faith, nations, communities, and youth, nothing that they much care about any more anyway.

There will be no Reset, no great Preference Cascade, no ripping off of the Mask. 

Only incremental destruction of the ability of ordinary people to accumulate wealth - an area denial of any kind of store of value. With this destruction comes the destruction of freedom.

No need to build walls or errect fences if the only function of "money" is as a very temporary unit of exchange; without the ability to store value and accrue wealth, all actions become dependent on the position one holds in the New Order. Nothing else will matter. And for the vast majority of people, nothing will matter at all.

The dystopians among us don't have nearly cynical enough imaginations.

Tue, 03/19/2013 - 23:29 | 3350903 BoNeSxxx
BoNeSxxx's picture

This is one of those times I regret having but one greenie fer ya. +1

Wed, 03/20/2013 - 00:24 | 3351089 Alea Iactaest
Alea Iactaest's picture

Fuck you, Lewy. I just threw up in my mouth at the truthiness of your post. Truly, fuck you for an even more sleepless future.


BTW: +1

Wed, 03/20/2013 - 02:29 | 3351195 TruthInSunshine
TruthInSunshine's picture

It ain't over until the fat cleaning lady vacuuming the bank branch lobby at 2:30 in the afternoon yells "we're closed" on a Wednesday through the plate glass door.

Wed, 03/20/2013 - 03:27 | 3351236 akak
akak's picture

You are completely wrong, TIS.


What she will actually be saying is: "El banco es cerrado ahorita --- vuelvese manana (o nunca)".

Wed, 03/20/2013 - 04:50 | 3351297 Juggernaut Nihilism
Juggernaut Nihilism's picture

I think this is probably correct.  The overall game here, despite contemporary dressing, doesn't change much throughout history.  It goes:


1) Period of asset deflation that takes down everyone, big and small.  VIPs get bailed out, everyone else goes underwater.

2) VIPs take on massive debt to buy up assets on the cheap.  The population takes on massive debts to survive.

3) Once the VIPs have the hard assets (purchased with massive debts) and a critical mass of the population is in enough debt, they inflate the currency.  The VIPs have consolidated more real assets, and the population doesn't really complain because inflation is good for debtors.

We are getting there, but we're probably not there yet.  There are still enough non-VIPs who own real assets yet to be taken and savers who would be up in arms to be a problem for the elites.  It's important to always remember how simple the game really is, and that is has been repeated throughout history.  It lets you cut through parochial details of how exactly it's playing out this time to prepare for the endgame.

Just know that when they finally decide to wrap it up, you are going to be in the minority upset about it.  Most people will be massively indebted and will be happy to see those debts vaporized through inflation.  Most people will have their lifestyles propped up by state benefits, and will be happy that the state will have new spending power once the sovereign debt has been devalued.

The ultimate goal is to consolidate ownership of real assets, and then rent them back to their former owners.  It's that simple.  We wiped out the aristocracy during the Enlightenment, but it wasn't long before the most powerful merchants and bankers started making plans to start their own feudal system.

Wed, 03/20/2013 - 22:51 | 3355426 MeelionDollerBogus
MeelionDollerBogus's picture

o, rly?

“The VIPs have consolidated more real assets, and the population doesn't really complain because inflation is good for debtors.”

I can’t tell you how much I hate that invalidated meme.

Inflation makes life so expensive that debts are harder to pay, even if wages go up but wages may go DOWN while FOOD goes up in price, even in hard currency like silver or gold.


“people will be massively indebted and will be happy to see those debts vaporized through inflation. “

I’d like to see one concrete example where debts actually got vaporized by actual inflation, seen in money supply, credit availability & price increases.


“We wiped out the aristocracy during the Enlightenment”

Yet another myth.

Wed, 03/20/2013 - 07:18 | 3351436 onthesquare
onthesquare's picture

...what is happening?  I have been watching the new pope get a new hat.  

Tue, 03/19/2013 - 17:49 | 3349717 dracos_ghost
dracos_ghost's picture

Bruce Coburn, "And They Call it Democracy"

"IMF dirty MF

Takes away everything it can get

Always making certain that there's one thing left

Keep them on the hook with insupportable debt"


Pretty spot on.

Tue, 03/19/2013 - 18:12 | 3349855 Hobbleknee
Hobbleknee's picture

Who respects democracy?  Not me.

Tue, 03/19/2013 - 23:22 | 3350969 Anusocracy
Anusocracy's picture

It's a scam to keep the robbing of productive people going.

Wake up whoever downvoted - you are not part of the ruling elite and have no more control over them than the serfs had over the aristocracy.

To think otherwise is insane.

Wed, 03/20/2013 - 04:54 | 3351302 Juggernaut Nihilism
Juggernaut Nihilism's picture

Exactly right.  Plenty of early 20th century social critics from all sides (even polar opposites - Spengler and Mencken, for example) saw that democracy and plutocracy were synonyms.  As should anyone who has read a lick of Greek and Roman history.

Wed, 03/20/2013 - 06:57 | 3351410 Hobbleknee
Hobbleknee's picture

Even if democracy was what the sheeple think it is, it would still only be mob rule.

Tue, 03/19/2013 - 23:13 | 3350946 Crawdaddy
Crawdaddy's picture

For this, you are the man. These dudes rock.

Tue, 03/19/2013 - 19:50 | 3350286 LostAtSea
LostAtSea's picture

Anyone notice the Chase "glitch", everyone's account showed $0.00 balance yesterday.  Me thinks it wasn't a glitch, but a test.....

Tue, 03/19/2013 - 22:56 | 3350905 boogerbently
boogerbently's picture

My money's in Wells Fargo, and so is my mortgage.

They'll lose their own money.

Tue, 03/19/2013 - 17:06 | 3349513 Dr Paul Krugman
Dr Paul Krugman's picture

Gold is a fear trade, and nothing else; so if you are deep inside a bunker, yes, by all means, buy gold.

But if you are a rational person, then you understand that what is happening in Europe will not happen here.

Tue, 03/19/2013 - 17:10 | 3349535 Ancona
Ancona's picture

We can always count on the Krugman guy to give us a laugh.

Gold is now, and always has been a protector of value. That you cannot see this is pathetic. Unfortunately you appear to be a well indoctrinated sheeple of the highest quality, always prepared to defend the government lie and propose the socialist order.

Just like Million dollar bonus, you fail to see the architecture in front of you. You are told that two plus two equals three and a half, and those whop refuse to believe it with you are proclaimed idiots.

Tue, 03/19/2013 - 17:15 | 3349544 Dr Paul Krugman
Dr Paul Krugman's picture

Ad hominem much?

Do you refer to facts?  Is unemployment going higher in the Eurozone while they use a policy of austerity, while here in the U.S. easy monetary policy is used to keep the credit system functioning?  I believe the U.S. policy has done better than Europe's, and I don't know how that fact can be contested.

Tue, 03/19/2013 - 17:19 | 3349556 THECOMINGDEPRESSION

Yes, US policy is much better. Food stamps, free cell phones, OBAMACARE, war, MASSIVE debt and another housing collape coming..Yes a MUCH BETTER POLICY!

Twilight zone reruns are on TV now..

Tue, 03/19/2013 - 17:24 | 3349585 Dr Paul Krugman
Dr Paul Krugman's picture

You would rather people starve?  You would rather the system collapse? 

You want a scortched earth policy, and hope that clutching some shiny rocks will save you.

Some of us want to see everything we have worked towards continue to glimmer; we want a functioning society now and into the future. 

You, however, wish for doom.  You must be depressed.  Maybe you need medication.

Tue, 03/19/2013 - 17:27 | 3349606 DoChenRollingBearing
DoChenRollingBearing's picture

Our dear, dear Leader, Dr Krugman!

I hope TYLERs don't kick people off my red arrows...

Tue, 03/19/2013 - 17:51 | 3349742 Agstacker
Agstacker's picture

He thinks with every red down arrown the market will fall and he's a bear.  

Tue, 03/19/2013 - 18:48 | 3350054 francis_sawyer
francis_sawyer's picture

Try to check those emotions people...


A "scortched earth policy", actually, sounds rather intriguing... [To me, anyway ~ but I'm just your average 'run-of-the mill' ANTISEMITE... so my opinion matters ZERO]...

Tue, 03/19/2013 - 19:33 | 3350204 Jack Napier
Jack Napier's picture

But if you are a rational person, then you understand that what is happening in Europe will not happen here.

Because it's not like they are attached to the hip with dollar swap lines and counter party risk /sarc


... while here in the U.S. easy monetary policy is used to keep the credit system functioning?

The fact that easy money is needed to keep credit flowing should be a red flag if you are a rational person.


Some of us want to see everything we have worked towards continue to glimmer; we want a functioning society now and into the future.

And what would that be, theft via money printing? It is these very actions that necessitate a return to gold as money. You've sealed your own fate. Don't blame it on the realists.

Tue, 03/19/2013 - 20:53 | 3350516 clymer
clymer's picture

Oh Krugster.. If we had let this thing wash out and let banks go belly up, we'd be back on the road toward prosperity by now. But NOOOoooooo, we had to let delusional bankers talk our feeble minded political heads that allowing them to pack on astronomical amounts of national debt will now only fix the problem, but also provide new resilience to lower and mddle classes and allow them to keep what they have, and make a shit load more to boot. I never could figure that one out; the super class gets to keep on keeping on on tha backs of the middle class, bit it's helping us. jeesh

we're fucking doomed. And I am oh so sorry to say, we fucking deserve it for allowing these bastards free reign over our banking system.


Tue, 03/19/2013 - 21:05 | 3350570 NoDebt
NoDebt's picture

Dr. Paul Krugman:  BEST TROLL EVRER ON ZH!  Nobody else even close.  No offense, MDB, but you're going to have to step up your game about 1000% to run with this maniac. 

It's so much fun to pretend it's really him.  Even more fun to watch people respond as if it actually is.  And he knows right where to hit- start trash-talking gold in the middle of a thread about currency death, capital controls, etc.  Well done.  Polite golf clap to Fake Doc Paul.  You make your mom proud.  Something I'm sure she tells you every night before tucking you safely into your bed in your basement apartment under her house.


Tue, 03/19/2013 - 21:46 | 3350710 lewy14
lewy14's picture

The way we know "Krugman" isn't the real Krugman is that he does Krugman much better (more sober, more civil, more rational) than the "real" Krugman.

Wed, 03/20/2013 - 00:10 | 3351071 mumcard
mumcard's picture

I hope aliens attack your house for saying such a thing.

Wed, 03/20/2013 - 00:37 | 3351099 lewy14
lewy14's picture

LMAO! +1

Wed, 03/20/2013 - 02:53 | 3351219 Svendblaaskaeg
Svendblaaskaeg's picture

"The way we know "Krugman" isn't the real Krugman.."

What diffence does i make - Krugman is a hack, Krugman is the Bank, a Bank is not human, a Bank is something else

Just tast the fucking soup!

Protect you family, protect your savings, take control of your life, take down and re-boot the fucking system, buy PM's

Wed, 03/20/2013 - 06:26 | 3351376 The Limerick King
The Limerick King's picture's him. I have some personal knowledge that he has been on ZH for years. He used to go by the name "More Critical Thinking", and he probably relished the idea that everyone thought him a troll. His writing/comment style hasn't changed, and he's still making the same idiotic points of course...

Tue, 03/19/2013 - 22:53 | 3350894 SWIFT 760
SWIFT 760's picture

Green arrows for my bro FS. Jewbux suck !!!

Tue, 03/19/2013 - 17:28 | 3349612 LawsofPhysics
LawsofPhysics's picture

That which cannot be sustained, won't be, period.  I certainly don't wish for doom, but it would be nice to see some real consequences for bad behavior.  You see, the problem with socializing the private losses of a few bad fucking apples is that now, even more people will starve.  Nice work professor.  You should be proud and you still haven't answered my question regarding the "price" of something required for your survival that I refuse to sell.  

Tue, 03/19/2013 - 17:35 | 3349639 Dr Paul Krugman
Dr Paul Krugman's picture

If you refuse to sell I can purchase elsewhere; there is always a seller - this is not an island economy - and thus the importance of a functioning credit system.

Tue, 03/19/2013 - 17:49 | 3349716 Ben Jammin Bernanke
Ben Jammin Bernanke's picture


Tue, 03/19/2013 - 20:55 | 3350536 clymer
clymer's picture

Krugs - I am convinced you are MDB posting under a new and improved moniker

Tue, 03/19/2013 - 23:47 | 3351025 Anusocracy
Anusocracy's picture


Tue, 03/19/2013 - 17:50 | 3349722 BeaverFever
BeaverFever's picture

Here's an ad hominem: I'll shove my hockey stick so far down down your throat that it will look like you have hockey pucks for tonsils.

Tue, 03/19/2013 - 17:53 | 3349752 Dr. Richard Head
Dr. Richard Head's picture

One does not always require credit to function in the medium of exchange between said buyer and seller. The credit that is outwardly being "supported" through additional credit is being used to support the most nonproductive class in our system through the demise of the poor and working class. Credit representing ones labor and effort in absence of capital is what the basis of this system has become and one's labor is now being sold off in the form of credit to keep those insolvent and over indebted floating, or at least appear to be so. It's an illusion where the true productive class is submerged and those creating the credit are just standing on the corpses.

Therefore; while I agree that the lower and working class should be cared for I disagree with the idea of keep anyone floating at the sake of another. Productive capital is being allocated to nonproductive sectors at the peril of anyone not connected to the financial dictators.

Tue, 03/19/2013 - 18:34 | 3349981 disabledvet
disabledvet's picture

THIS is also true. "Cyprus should revert to sea shells" is not some pie in the sky idea.'"once the peace craze blows over" (never) "then the can let someone else be their banker." the idea that they want one in the first place is as ridiculous as them saying "they have one." Long bulldozers..and the God Dozer!

Tue, 03/19/2013 - 20:52 | 3350526 scrappy
Tue, 03/19/2013 - 18:03 | 3349803 knukles
knukles's picture

What the fuck has that to do with any of the foregoing?
Do you get loaded before you sign on here?

Tue, 03/19/2013 - 18:20 | 3349902 machineh
machineh's picture

He gets loaded before he writes his NYT blog.

Spittle all over the keyboard -- yuck!

Tue, 03/19/2013 - 19:30 | 3350212 MSimon
MSimon's picture

There are more endocannabinoid receptors in the body than any other receptor type.

Tue, 03/19/2013 - 18:06 | 3349820 Rustysilver
Rustysilver's picture

Why do you guys even hit arrows for Dr Paul Krugman.  I don't and do not read his crap.

Tue, 03/19/2013 - 18:52 | 3350064 francis_sawyer
francis_sawyer's picture

I didn't read your comment ~ but I junked you sight unseen...


Others will follow suit [junking francis_sawyer]... They'll just SUPPOSE I typed 'jew' in there somewhere... [which I actually did, just there]... 100x amplification is now justified...

Tue, 03/19/2013 - 20:02 | 3350331 Likstane
Likstane's picture

OK, I'll junk; but only because I think you asked for it.  Let's see if it works for me.

The world is controlled by a Jewish banking cartel that propagates their supposed Jewish superiority by loaning others fiat monies.   This fiat money costs them nothing and they use it to enslave most of the world in financial subservience.   

Tue, 03/19/2013 - 20:34 | 3350462 HardAssets
HardAssets's picture

'Its a joke, son" . . . . quote from an old school cartoon featuring a big chicken & little chickhawk, but can't  remember the name of it.

Tue, 03/19/2013 - 20:51 | 3350521 Goldilocks
Goldilocks's picture

Foghorn Leghorn - The Dixie Fryer (6:12)

Foghorn Leghorn Rant! (6:45)

Tue, 03/19/2013 - 21:38 | 3350687 francis_sawyer
francis_sawyer's picture

My message is 'SUBSTANTIATED'...


I didn't even CRITICISE Jews.. I just typed 'JEW"... It's a fucking 'Mossad'/ AIPAC ALGO bitchez...


Wed, 03/20/2013 - 05:04 | 3351316 Rogue Trooper
Rogue Trooper's picture

This is killing me...... LMFHO!

Test the ALGO, let's see how smart these MOSSAD bitches are.

"BOO to JOO"

Tue, 03/19/2013 - 23:54 | 3351036 Anusocracy
Anusocracy's picture

My favorite was 'What is you boy, ignant?'.

Tue, 03/19/2013 - 20:54 | 3350533 Clark Bent
Clark Bent's picture

We need to start with a functioning guillotine system to inject a little creative destruction into the system. After the herd is culled of the criminal element perhaps we can return to a system based upon real value rather than crony fraud. Then the parasite class can finaly be detached from the host organism that it is destroying. 

Wed, 03/20/2013 - 05:08 | 3351318 Rogue Trooper
Rogue Trooper's picture

Let's test it on the KRUG... find a really old, rusty, creaky blunt one.

Hours of fun and it we can all say, ohhh someone call the Guillotine 'fix-it guy', it needs fixing so it's GDP positive?

Did ya hear that Paul, Paul, hey PAUL!

Tue, 03/19/2013 - 21:18 | 3350619 yatikto
yatikto's picture

Krugster,.. you are disregarding a need for efficient use of limited resources in the economy.  Economy is not a 2 dimensional organism, it moves in various directions to find equilibrium under fair and simple laws.  Europe should be selling off like crazy now, but that devaluation is seen as competitive advantage by the FED and so it will make sure to keep parity. 

You are just keeping a Titanic on course. 

Tue, 03/19/2013 - 22:32 | 3350835 LawsofPhysics
LawsofPhysics's picture

Only if it is available douchebag. Resorces are limited and real consequences will return whether you like it or not.

Tue, 03/19/2013 - 18:00 | 3349783 TWSceptic
TWSceptic's picture

You call him prof but this is obvious a delusional fan of krugman and not krugman himself. Either that or some troll with too much time on his hands. Not even krugman would post in such a ridiculously ignorant manner. In fact I doubt Krugman posts comments on the internet at all. He is not known for actually talking to his opponents unless he can make money from doing so.

Tue, 03/19/2013 - 18:07 | 3349824 New_Meat
New_Meat's picture

TWS: whew, and I thought he was the REAL DEAL!

Thx for clearing that up!

- Ned

Tue, 03/19/2013 - 18:10 | 3349845 TWSceptic
TWSceptic's picture

I certainly looks like some people believe that.

Tue, 03/19/2013 - 18:09 | 3349838 Dr Paul Krugman
Dr Paul Krugman's picture

I use Zero Hedge as a news source - sometimes contrary - as many do, and decided awhile ago it would be a good place to educate the gold bugs by showing them facts, and sharpen my rhetoric since so many people have placed a target on my back.

Tue, 03/19/2013 - 18:13 | 3349860 TWSceptic
TWSceptic's picture

I see.


Nice troling.

Tue, 03/19/2013 - 18:17 | 3349888 nope-1004
nope-1004's picture

I wouldn't use the NY Times as a news source either.


Tue, 03/19/2013 - 18:27 | 3349944 knukles
knukles's picture

Fucking Awesome!

+ Infinity and Priceless!

Tue, 03/19/2013 - 19:00 | 3350102 whotookmyalias
whotookmyalias's picture

When do the fact start showing up?  You have posted nothing but rhetoric.  Stop pontificating on matters to which you are not qualified.

Tue, 03/19/2013 - 20:58 | 3350545 Dapper Dan
Dapper Dan's picture

"The Wall Street Journal is read by the people who run the country. The New York Times is read by people who think they run the country. The Washington Post is read by people who think they ought to run the country. USA Today is read by people who think they ought to run the country but don't understand the Washington Post. The Los Angeles Times is read by people who wouldn't mind running the country if they could spare the time. The Boston Globe is read by people whose parents used to run the country." -- The Nation magazine

Tue, 03/19/2013 - 18:16 | 3349877 Bananamerican
Bananamerican's picture

wait a minute PK...all this time I thought you were another parodist like MDB...(who cracks me up)

are you saying....that you ADMIRE Krugman??

Tue, 03/19/2013 - 18:21 | 3349911 walküre
walküre's picture

that would be epic

a "live" one! we have a live one! LOL

Tue, 03/19/2013 - 18:27 | 3349943 Gamma735
Gamma735's picture

When all the credit goes kaput, I hope you invested in lead.

Tue, 03/19/2013 - 20:17 | 3350390 Ms. Erable
Ms. Erable's picture

I never placed a target on your back; check your forehead.

Wed, 03/20/2013 - 02:46 | 3351213 CompassionateFascist
CompassionateFascist's picture

It's Krug alright. There are laws against impersonating an asshole. 

Tue, 03/19/2013 - 18:06 | 3349821 WillyGroper
WillyGroper's picture

>>>>>>>>Some of us want to see everything we have worked towards continue to glimmer; we want a functioning society now and into the future. 

Really? REALLY! That glimmer has been working great for about 1% of psychopathic satan worshiping pedophiles. Not so much for everyone else the past 30 yrs. You've been sniffing too many elderberries, Mr. Snarkey Deathpanels.

Tue, 03/19/2013 - 18:07 | 3349825 Lazarus Long
Lazarus Long's picture

Dr. krugman you are personally responsible for these problems by giving the elected officials a false belief that this county can live be on its means. also all the staving people around the world created by the inflation of our QE programs. also the generation of retired people who saved for their retirement and are being destroyed by zirp. how about those problems will you man up and admit to those problems you help created 

Tue, 03/19/2013 - 18:13 | 3349854 Dr Paul Krugman
Dr Paul Krugman's picture

Are you refering to pensioners?  Annuitants?  Supporting asset prices is a fundamental rule of economics so that people have an income relative to cost.  I bet you think we should have let AIG, and other insurers, go under; now there would have been a grand plan to benefit retirees!

Tue, 03/19/2013 - 18:28 | 3349947 bunnyswanson
bunnyswanson's picture
Paulson and Goldman Sachs: A dirty secret of the Wall Street bailout 11 August 2009

An article in Sunday’s New York Times on the behind-the-scenes dealings between Henry Paulson, treasury secretary under President George W. Bush, and Goldman Sachs, the giant investment bank Paulson headed before joining the Bush administration, sheds a measure of light on the corrupt relationship between government officials and the banks which underlies the multi-trillion-dollar bailout of Wall Street.

The article, based on Paulson’s official schedules for 2007 and 2008, obtained by the Times through a Freedom of Information filing, documents the close collaboration between Paulson and his successor as chief executive of Goldman, Lloyd C. Blankfein, in the course of the financial crisis of the past two years. It focuses on mid-September of 2008, the high point of the crisis, when the government decided to allocate $85 billion to bail out the failing insurance and financing firm American International Group (AIG).

The article makes clear that at the heart of the rescue of AIG was a decision to use taxpayer funds to cover dollar for dollar the billions owed by the insurance firm to Wall Street banks that held credit default swap contracts with AIG.

No firm was more exposed than Goldman Sachs, the biggest and most profitable of the Wall Street investment houses, which stood to lose $13 billion in credit default swaps and other derivative contracts with AIG.

As the Times notes: “All told, from Sept. 16 to Sept. 21, 2008, Mr. Paulson and Mr. Blankfein spoke 24 times. At the height of the financial crisis, Mr. Paulson spoke far more often with Mr. Blankfein than any other executive, according to entries in his calendars.”

The newspaper points out that, prior to receiving any waivers, Paulson played a key role in decisions that disproportionately benefitted his former bank. In addition to covering Goldman’s bad debts with AIG, these included the elimination of Goldman rivals Bear Stearns and Lehman Brothers (and subsequently Merrill Lynch), allowing Goldman to legally convert from an investment bank to a commercial bank—giving it more access to federal financing—and a Security and Exchange Commission ruling barring investors from betting against Goldman stock by selling it short.

Tue, 03/19/2013 - 18:31 | 3349962 Lazarus Long
Lazarus Long's picture

the amount of money to bail aig and the banks did not help the little people. they are still paying 18+% on their credit cards. you keep refering to asset prices and cedit. you know as well as i do that its not credit call it by its correct name debt. and supporting asset prices above what the masses can afford puts them deeper into debt. also pension plans can not produce their 8 - 10% needed return without a great deal of risk. here is an idea how about across the board debt forgives. all credit cards, all car loan, all house morgatges, all student loans. how many trillions have already been given to banks to bail them out how about the same for the little people you know the ones you claim to want to protect

Tue, 03/19/2013 - 18:40 | 3350024 Silver Bully
Silver Bully's picture

'Are you refering to pensioners?  Annuitants?  Supporting asset prices is a fundamental rule of economics so that people have an income relative to cost.  I bet you think we should have let AIG, and other insurers, go under; now there would have been a grand plan to benefit retirees!'


Translation: 'I'm disinclined to acquiesce to your request'

. . . means 'no'. Krugman has never been one to apologize or admit they're wrong. That's simply not what nobel prize winners DO.

Tue, 03/19/2013 - 19:51 | 3350289 petolo
petolo's picture

We are all hoping you RETIRE in a big way real soon, like in RIP.

Tue, 03/19/2013 - 20:13 | 3350372 Chump
Chump's picture

Yes, clearly 0% interest rates was the better policy to help retirees.  Do you even know anyone on a fixed income, or do you just know of them?

Tue, 03/19/2013 - 20:16 | 3350387 Jerome Lester H...
Jerome Lester Horwitz's picture

Pensioners?? You must be from the UK or Europe. No one in the US uses that term. They would be referred to as retirees!

Tue, 03/19/2013 - 20:43 | 3350492 akak
akak's picture

I'm still trying to figure out who his Annunaki ants are.

Tue, 03/19/2013 - 20:46 | 3350504 Jerome Lester H...
Jerome Lester Horwitz's picture

That was good for a laugh!...thanks!

Wed, 03/20/2013 - 05:36 | 3351336 Rogue Trooper
Rogue Trooper's picture

Exposed... perhaps he's THE KRUGS 15 year old 'houseboy' playing while Daddy is away? Afterall, having to listen to all that bollocks, night after night, lunchtimes, at his 'progressive' dinner parties, while constantly blowing him off, seems plausible when reading his comments.... thoughts?


Tue, 03/19/2013 - 21:58 | 3350756 Cloud9.5
Cloud9.5's picture

We lost $800,000 when AIG's stock tanked.  Golden parachutes all around except for the stock holders.  You guys rig the game and the banks most always win.  The little guy, well now he doesn't matter does he?

Wed, 03/20/2013 - 04:53 | 3351300 WhiteNight123129
WhiteNight123129's picture

Dr Imposter Krugman,

Actually the hedge fund elite is betting that AIG annuitants are going to get wacked, same thing with GNW. This is a goldbug´s best friend trade. Check Soros, and Zulauf. They expect a "Go-stop-Go" 70s style that is what soros said. And zulauf alos expects rapidly rising rates in 2-3 years. There is a always a cost, always. And Grantham said that the Fed is whipping a donkey as far as growth.

But if you understood the difference between money and credit you would not be imposter Krugman... you might be the real deal.


Tue, 03/19/2013 - 18:08 | 3349836 Fentonbr
Fentonbr's picture

We prefer YOU pay for the problems caused by you and your kind. Are you blind man? What 

can not continue will not continue- 

Tue, 03/19/2013 - 18:11 | 3349847 THECOMINGDEPRESSION

No Paul give the minions whatever they want so they never have to work, THINK or eat so we can have a functioning society..Does that make any sense to you? Clutch those dirty cocaine infested greenbacks so you can burn them like Zimbabwe, Germany, Argentina, Belarus, Bolivia, Brazil, Boznia, Bulgaria,Mexico, Peru, Russia, Poland, Turkey, Ukraine and 7 others...

Tue, 03/19/2013 - 18:17 | 3349853 Being Free
Being Free's picture
  • You would rather people starve? - Quite the contrary, I'm happy to freely help others with my own resources; you wish to do so using other peoples money under threat of force.
  • You would rather the system collapse? - You miss the point, it already has.
  • You want a scortched earth policy, and hope that clutching some shiny rocks will save you. - Amazing how arrogant you are to suppose you know my "wants", oh and you forgot "clutching my guns and bible" too.  You, sir are an elitist snob!
  • Some of us want to see everything we have worked towards continue to glimmer - Yes indeed you must.  A "system" of slavery for the ignorant masses and a life of luxury for the powerful and the mindless pundits who support the failed "utopian" vision.
  • we want a functioning society now and into the future - Your ideas and words suggest you're concept of functioning means only a select few are allowed the privilege  of personal freedom, all others must bow to your wisdom and desires.
  • You, however, wish for doom - only for you and your kind Paul.
  • You must be depressed - not at all, thanks for thinking of me.
  • Maybe you need medication - Shit, I can't afford medication Paul, you've priced that out of reach; though I'm finding Hamms beer is just as good as that pricey Miller Light.
  • Oh and FUCK YOU!!
Tue, 03/19/2013 - 18:19 | 3349896 Dr Paul Krugman
Dr Paul Krugman's picture

You have your opinions, and I have facts.  Facts from many years spent working in the field of econmics.

Here is an article I wrote awhile back that proves how the gold price, your shiny rock you clutch lovingly, goes up, and down.

Treasuries, TIPS, and Gold (Wonkish):


Tue, 03/19/2013 - 18:26 | 3349939 THECOMINGDEPRESSION

Stupid world banks buying that useless relic.. when they could be holding greenback debt worth trillions. How dare they do such stupidity, its like a slap in the face to the bankers..

Tue, 03/19/2013 - 18:31 | 3349965 Dr Paul Krugman
Dr Paul Krugman's picture

Central banks have been net sellers of gold for decades. 

Tue, 03/19/2013 - 18:52 | 3350069 akak
akak's picture

You've apparently been asleep for the last half decade.

But of course, we already knew that.

(If I had to read all of Keyne's pseudo-economic witchdoctory, much less try to regularly regurgitate it, I know I would be unable to maintain consciousness either.)

Tue, 03/19/2013 - 18:55 | 3350091 Shigure
Shigure's picture

Much of it Germany's

Tue, 03/19/2013 - 18:28 | 3349950 machineh
machineh's picture

Facts from many years spent working in the field of econmics.

After three years of working on a penal farm in iron shackles, digging ditches with your bare hands while hungry Dobermans snap at your face, I think you'll find that 'econmics' was nothing but your deranged fantasy.


Tue, 03/19/2013 - 18:44 | 3350039 howenlink
howenlink's picture

I think this might be the real Krugman.  Looks like he's practicing now for the upcoming debate with Robert Murphy.

Tue, 03/19/2013 - 19:45 | 3350268 Ayn NY
Ayn NY's picture

If he's Krugman than I'm Ayn Rand.  I'm not sure which is worse, being Krugman or pretending to be Krugman.

Tue, 03/19/2013 - 19:45 | 3350269 Ayn NY
Ayn NY's picture

If he's Krugman than I'm Ayn Rand.  I'm not sure which is worse, being Krugman or pretending to be Krugman.

Tue, 03/19/2013 - 22:55 | 3350904 SWIFT 760
SWIFT 760's picture

Hamms is good beer. Keep on chugg'in. 

Tue, 03/19/2013 - 18:18 | 3349887 knukles
knukles's picture

Ad hominem much?
There you are attacking, accusing in the very same manner you otherwise decry and employ as a personal defense.

You sir, are truly without principles.

Tue, 03/19/2013 - 18:52 | 3349968 akak
akak's picture

His complaint is irrelevant anyway, as Krugman would first have to be a homo in order to suffer from an ad hominem attack.

"Ad muppetem" attacks, now, are squarely on the mark.

Tue, 03/19/2013 - 19:41 | 3350248 TheFourthStooge-ing
TheFourthStooge-ing's picture

akak said:

His complaint is irrelevant anyway, as Krugman would first have to be a homo in order to suffer from an ad hominem attack.

Perhaps Dr Paul Krugman meant to complain about the ad protohominid attacks against him.

Tue, 03/19/2013 - 19:58 | 3350295 akak
akak's picture

I believe Lucy would take umbrage at your broad anti-proto-hominoid slur.

At least she only occasionally dragged her knuckles and flung poo.

Tue, 03/19/2013 - 22:08 | 3350773 knukles
knukles's picture


Tue, 03/19/2013 - 18:22 | 3349915 silverserfer
silverserfer's picture

 Dr. PK -> shitty sarc troll. You got to at least be funny. This is just jaded teleprompter poser BS.

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