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Eurogroup Head Says He Did Not Say What He Said
That thing Diesel-BOOM very, very clearly said earlier? He did not say it. After all, can't have the market getting any ideas that reality may be slowly coming back to the basket case that is Europe:
- EU DIJSSELBLOEM SPOKESWOMAN: DIJSSELBLOEM DIDN'T SAY CYPRUS A TEMPLATE FOR BANK RESTRUCTURINGS - DOW JONES
So not only are European depositors still impairable, because sadly Dijsselbloem was dead serious in his Reuters interview, but the new Eurogroup head pulled a Juncker and confirmed "it is serious" in the process losing all credibility too.
To summarize Diesel-BOOM: "If the market is red, you have to lie."
Forget Risk-On-Risk-Off, it's Template-On-Template-Off now...
His subsequent official clarifying remarks on the Eurogroup's website:
Statement by the Eurogroup President on Cyprus
25/03/2013 - Statement
Cyprus is a specific case with exceptional challenges which required the bail-in measures we have agreed upon yesterday.
Macro-economic adjustment programmes are tailor-made to the situation of the country concerned and no models or templates are used.
»
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All it takes for the U.S.-IMF-EU-bankster-corporate complex to continue to exert its corrupt influence worldwide, is for a few hundreds of millions of good bank acccount demand depositors to do nothing.
It's high time for some Gandhi style non-participation: our political votes may no longer count, but we could very effectively vote out the entrenched rot by repeated swipes of our debit/ATM cards that would shrink demand deposits upon which the corruption depends.
We already have an NRA, so how about an NDA National Depositors Association, maybe with the motto: Depositors of the World Disperse.
Read my lips! No new taxis!
This guy is a light weight and a patchy for the big chiefs in the Troika.
Funny, I seem to recall something like this from last week...
"If this [levy on depositors] is successful then it will be used in the future," said the dejected official, predicting Spanish and Italian banks could face similar levies."
...while "Jeroen Dijsselbloem, president of the group of euro-area ministers, on Saturday declined to rule out taxes on depositors in countries beyond Cyprus,...."
Maybe a slight credibility problem? Amnesia perhaps?
Only the true Messiah denies His divinity
Not, Spending Templates!
Plate spinner Van Buren plate spinning on TVhttp://www.youtube.com/watch?feature=player_embedded&v=ETiwMTENG8g
But, Spinnin' dem Plates!
No radiation at Berezovsky home, no sign of outside role in death
http://www.reuters.com/article/2013/03/24/us-britain-russia-berezovsky-p...
I guess its normal to take a bath with a double windsor still around your neck and hung from the curtain rod at same time?
These people - ALL of these people - need an extra sized helping of STFU.
Keep that Dis'll BlowEm out of sight: we're now looking at serious new-recovery-high-key-reversals in SPX and NAZ, and equity chart trouble everywhere you look.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=spx&inst...
"The Federal Reserve’s bond-buying program is an “enhance-thy-neighbor” policy and not designed to spark a competitive devaluation of the dollar, Fed Chairman Ben Bernanke told an international audience on Monday."
Bernank is quoted -
"Although it is true that leaving the gold standard and the resulting currency depreciation conferred a temporary competitive advantage in some cases, modern research shows that the primary benefit of leaving gold was that it freed countries to use appropriately expansionary monetary policies."
It's clear that Bernank agrees with FDR's ultimate policy of using " appropriately expansionary monetary policies" to effect socio-economic change and favoritism. Berannk would like his audience to think that "appropriately expansionary monetary policies" are responsible. Of course they are not...negative real interest rates and printing of Trillions of USD leads to the primary benefit of Bernank and his social engineers / facsists.
This isn't the 1930's. This is 1919 Russia. Bernank and his boys are back.
Hm. Maybe Matrix is true after all.
/R
How many times will you fall for the diffusion tricks - the cheque is in the mail, my kid got sick on my way to pay you, etc etc etc
Sooner or later they've lived off you for months and years before you get smart and initiate proceedings for eviction.
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