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The Joke's On Cyprus After All
Oh the irony:
18/01/2008, Trichet: "For a small, open economy like Cyprus, Euro adoption provides protection from international financial turmoil."
(h/t @BrunoBrussels)
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...and 1.1 millioin more folks find themselves Triche'd.
so this is the EU translation of being "Corzined"?
Sounds like their Euro membership just got rehypothecated.
Vaporized is the word that came to my mind.
Wow... this just corraled thoughts for a global currency. Complete bullshit. Getting back to Sovereign countries.
You could be a very responsible person, diligently planning ahead, big savings account, thinking about the future. But if you rely on that system, at any moment they who control the money can turn you into a beggar overnight.
Then again, you had money in the bank making shit interest and being devalued by massive printing as your way of saving for your future.
Then again it was the people with the guns who make the laws who told you what was safe and how to be a good sheeple and have a long happy life and you listened to them. In fact, "they" believed it themselves.
Soros must have the biggest hard on right now he doesn't even need any viagra.
It's open season on the euro currency. It's the only one left that's non-trivially difficult to manipulate, ergo, that motherfucker is getting steamrolled.
Trichet should become a stand up comedian - I'd pay good money to go see him
Big time, this is going to end real badly for the govt..
A good question is:: why is Corzine free and unindicted?
A better question would be: was hasn't someone already fragged that Corzine motherfucker?
Bundler, the new get-out-of-jail-free card.
Fragged- one of the praetorian guard backstabs the MF'er. (Pun intended)
According to Sinclair this is going global,and BERNIE is now leaving the post.He will not seek election back to the position he holds.
He is GETTING the hell out, as this trainwreck is headed our way, and does not want to be around when it happens.
Read the interview on King World News.
Hey.. " When it get's serious, you have to lie " JCJ
When it becomes serious, you have to lie
Sex, Lies, and ECB Lies.
When it gets really serious, I will lie down and think of my gold, nicely planted near the appletree, while the rest have a go at the ATM with a bulldozer.;-)
When you fuck things up on purpose, you have to die.
http://www.youtube.com/watch?v=zOXtWxhlsUg
They thought they were being inoculated, when in fact they were being infected.
You really don't know what is in that vaccination.
Pretty sure it involves "bunga bunga".
In that case, there isn't much left to the imagination.
Just let the Russians turn Cyprus into a nuclear missile base and everything will be fine ..... for WW3.
Womp womp!
It obviously does not provide protection against intra-national Eurozone turmoil or, to put it more bluntly, fuck-ups.
Now that's funny!!!
Is Trichet Corzines' clone?
I thought Trichet was doing a stand-up comedy tour with Greenspan.
But maybe he went back to playing piano in a Paris whorehouse.
I find this type of comment interesting as I don't see the comparison.
Corzine was/is a liberal incompetent thief that probably broke laws by co-mingaling client assets with company assets to cover bets.
Trichet is part of a mob banking cartel that is now trying to force its customers (the ones that borrowed and spent more then then could afford) to pay up.
Yes, both are thieves and need to be at least thrown out of office or position of power and face some other additional punishment. Corzine blatantly stole from customers to cover his own bad bets just like Madoff. In the situation of Cyprus and most other EU nations, those governments (usually democratically elected with some exception) willingly participated and borrowed and spent beyond their means. The Central Banks are nothing more then Financial Mobsters. Yes they are bad, but they didn't steal by loaning. They steal by devaluating the currency. Cyprus faces a situation of not being able to repay loans like other EU nations. This is nothing different then in the US. We have this massive deficit because the American public continues to vote in these liberal politicians (many of them republicans) for decades that ran up these debts. This is the bed America has made for itself as well as Cyprus and Greeece and ....
You get into bed with mobsters, well what do you expect?
I feel bad for those citizens. Most were fooled. But isn't that why they want to dumb down the population and keep them gun free? Isn't that what they are trying to do here in America?
"Said the Spider to the Fly."
A bit of Blue Oyster Cult comes to mind...http://www.youtube.com/watch?v=qttI6oytqpw
you fucked up... you trusted us!
You shouldn't a dun that. What were you thinking? I'm ME after all.
All that's left to do is to have a parade. Can I buy 10,000 marbles?
Oh let's praise his holy name! Thank you money gods! Thank you for everything! Troika trinity amen
"At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained."
The Bernank
And just yesterday he said Cyprus doesn't really matter.
http://ph.news.yahoo.com/video/u-depositors-worse-off-cypriots-163832312.html;_ylt=AgtgaH3UDJB4L8XoNw5vIZsUWMd_;_ylu=X3oDMTJ2MmJiNDBpBG1pdANDQSBWaWRlb3MgUmVsYXRlZARwa2cDNjE2N2E0MmUtNWJmOC0zZTJkLWIwZDQtMGUzZTViMjBiNDgwBHBvcwMxBHNlYwNyZWxhdGVkX3ZpZGVvc19jYQR2ZXID;_ylg=X3oDMTFobjM2NGdxBGludGwDcGgEbGFuZwNlbi1waARwc3RhaWQDBHBzdGNhdAMEcHQDdmlkLWdhbGxlcnk-;_ylv=3
i thought cyprus government and parliament people are more clever and they understand the situation (namely that their banks are dead). But it seems they are clueless and still do not understand that simple fact - their banks were destroyed by the troika by the very simple suggestion of "levy on deposits".
If i were in cyprus parliament i would sue the troika for destroying cyprus banks with intentional rumours of defaults thus causing the run on the banks
Sounds a lot like a protection racket?
The quotes we'll be replaying on BernanQE once he's gone will make this look like cake and tea.
I bet Pension funds are about to get raped also...
"Among the other options, nationalizing pension funds of semi-public companies could yield between 2 billion and 3 billion euros. Issuing bonds linked to future natural gas revenue is problematic because pumping any gas is years away."
What they really meant:
"For a small, open economy like Cyprus, Euro adoption provides a clear path for takeover by bankster assholes."
...a clear path for takeover by Russian oligarches.
I would have believed him in January 2008. But then again, I believed in alot of hyperbole back then.
Staaaaabillllliteeeeee!!! No???
The Daily Ticker's Lauren Lyster discusses Texas' proposed gold legislation.
http://ph.news.yahoo.com/video/why-texas-may-start-hoard-171030599.html
Thanks for the link. Contacting my Texas representative right now and telling him to vote for this.
Why isn't ZH snarking out the Obama speech in Israel today? Calls for some Thursday humor...
well he did say some unusual things !
For an american Potus, not for a normal human being.
You may have noticed that the Cypriots do not want to leave the EU.
But they have been bamboozled by these banks and then humiliated by the Troika and the EU.
So lets see if the Ruskis will have an investment package to propose worth 5.8 B euros between now and next Monday.
It is interesting to compare the punishment meted out/proposed by the EU on Greece/Cyprus :
1° Geece : Immediate dimunition of 30% of salaries, min wage 400 E!, Layoffs imposed > 150000. Total instantaneous abject economic debasement of the common man for two generations of workers; and for how long?
2° Cyprus : Wealth tax on bank deposits, one off, but no drastic economic measures.
Both measures are ad hoc and antisocial, but which is worse?
On an economic basis : Undoubtedly Greece!
On a psychological and principled basis : Cyprus (ad hoc private wealth confiscation and its contagion tsunami!)
The EU has strange ways to protect its core banks....
Just guessing at some of this myself but they have to take the cuts in order to have a chance at solvency. They should go back to a sovereign currency and develop the gas fields with the assistance of some deep pockets that won't attempt to interject themselves into the countries politics (yeah I know, fat chance). That should allow for them to come out of this in a few years instead of becoming slaves forever.
They're doing just about anything to avoid amping the printers to "ridiculous speed!"
The great european bankster lie.
Back to Bluto's(John Blushi) Remark to Dorfman in Animal House...
" It's Your own fault Flounder, You shouldn't have trusted us."
Exact quote was, "hey, you fucked up, you trusted us."
Cyprus, the European Charlie Brown.
http://classickicks.com/wp-content/uploads/2010/10/lucy-football1.jpg
But the EU carnival barkers were all so nice.....
Fuck you trichet le tricheur
18/01/2008, Trichet: "For a small, open economy like Cyprus, Euro adoption provides protection from international financial turmoil."
How about international banksters/thieves?
All EU leaders should be made to put their life savings in a Spanish bank.
They are next.
with "protection" like this, who needs enemies?
I still do not get it. Why penalize those within the insured minimium and why not wack those with accounts above the minimium.
How many readers maintain bank accounts above the FDIC levels? It is not by individual but rather bank by bank.
Presumabbly they were getting a higher return for a greater risk. If not, the more fools they.
But then I am still mystified Ireland said they would back their BK banks. Why? Let them fail and reopen them the next day. Why save "the bank bond holders" as a seperate class from all other investors?
Well Cyprus.....if you can't spot the sucker at the poker table,,,,,,,,,,,,then he's probably in a line at an ATM, 35 deep, waiting to get cash to reload.
None of this stuff is "one -off" unless the system changes.
None of it.
That one liner is going into the history books ... for all the wrong reasons.
Sort of like the protection you get from Vinny, which you better pay for on time each week or else he beats the shit out of you, rapes your sister, and burns down your shop.
The EU probably needs to listen to this video. They shouldn't underestimate the Russian. When a
culture has the highest percentage of psychopaths....
http://teamcoco.com/video/dan-soder-stand-up-01/07/13