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Which EU Economies Are Growing?
As Europe ends another week comfortably in the green (near all-time highs) - the short answer - not many...as the region's longest recession in history rolls on...
Chart: Goldman Sachs, revised to reflect France re-entering "red" status.
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Which ZH-ers haven't been logged in recently?
http://www.foxnews.com/us/2013/05/17/gold-shipment-valued-at-625000-vanishes-from-miami-airport/?test=latestnews
"The FBI is aware of the situation," FBI spokesman Michael Leverock told Reuters"
The King's Men know & value Gold it would seem. ;-)
Yes the FBI is on it, currently they are monitoring several Tea Party groups as well as a conservative Hispanic group, more info on the situation will be released as the case progresses!
Couldn't they just have a boating accident like everyone else?
Just jealous because someone else absconded with it first. Yet another intelligence failure for the F, the B and the I.
I haven't seen kito yet. He has been talking about dipping his toe in the gold market. Maybe he's decided to go all in.
He certainly has a lower cost basis than I do.
"Gold is Miami's No. 1 import valued at almost $8 billion last year, mostly from Mexico and Colombia, and almost all destined for Switzerland, according to World City, a Miami-based publication that tracks trade data.
Read more: http://www.foxnews.com/us/2013/05/17/gold-shipment-valued-at-625000-vanishes-from-miami-airport/?test=latestnews#ixzz2TZ4uPbqr"
It just seems so obvious that "the big club" is going to eventually retreat to some beautiful far off destination and let us sort the troubled economy.
They will be vacationing out of harms while us savages are dealt with.
That violent slam down in gold was so obvious. This nice calm ride down will hopefully have a different effect on the masses? What do you think doc?
I was thinking the same thing. If it drifts down there won't be a rush in to buy physical. Here is an interesting tid bit.
The military doesn't need a presidential order to put down civil disobedience.
http://www.infowars.com/military-says-no-presidential-authorization-need...
Yet another reason to switch from a professional military to a draft-based one.
--ehm...You mean "Debt-based" military.
You forget that the US and various First World powers have things such as a military, and the capability to track, detain, and kill anyone anywhere if the government so chooses.
If they just leave, it would become a case of antiterrorism-by-accident on various "far-off destinations". They would have to give up their wealth and expressions of it to have any chance. Even if they installed favorables to keep things intact, the cost would become unbearable to not turn on the "far-off"ers.
Maritime Mishap....at the airport? Pure genius. Nobody would ever expect it.
Did the gold come in via seaplane?
Ok kiddies, once again this calls for some 3rd grade math and some clear thinking:
The $625k was the Insured value, with a 400 oz (25 lb) bar insured above current market price.
625000/1400=446 oz = 28 lb.
Shit, I could have and WOULD have taken it as Carry On luggage (declared, etc). But then there'd be no insurance to collect... On a gold-covered Tungsten bar.
A scam. Fucking sheep!
"The $625k was the Insured value, with a 400 oz (25 lb) bar insured above current market price.
625000/1400=446 oz = 28 lb." but PM's are usually measured in troy oz. Since 1 troy oz = 1.09714 oz
avoirdupois, if you are going to convert to lbs. it would be (400 x 1.09714) or 439 oz avoirdupois. If that isconverted to lbs. it would be 27.44 lbs. (439/16) or close to the 28 lbs. you reference.
Dude, I just saw that episode of Hawaii 5-0 yesterday, they were trying to gyp the guy and only pay him $37 an ounce. Talk about backing up the truck!
Maybe JPM need more gold for delivery
Maybe JPM need more gold for delivery
How the heck do you ship something that valuable and not meet it with a security guard on the ramp? Or have a courier travel with it and take posession immediately? WTF???
Anyone up for another round of Continental Woar, perhaps..?
thanks, but no, thanks
I know that this would make a lot of people happy, but we seriously prefer to sit peacefully in the same boat (even if it's one that some consider shitty), then we have made enough experiences of how wars are just the best way to squander resources
remember that war is not a good word, on this continent. you can't sell policies here by labeling them as "war against...", for example
They can call it an engagement. If history rhymes, they'll be at each others throats as soon as the money runs out.
there are far nastier "visions" according to the "if history rhymes" theme, then this theme tends to shift towards where the sun sets
China becoming the "New USA" in the same way as the USA became the "New British Empire", for example
with battle grounds shifting accordingly
I never saw the USA as an empire. A world power yes. Don't you have to literally colonize new territory and impose your own laws, language and taxation? I'm not talking about military bases. That we should send them a bill for. If we leave they'll have to pay for their own defense. China I do see as potentially taking over new territory and becoming a new global empire.
yes, this is a recurring theme, the "I never saw the USA as an empire". It is consistent with how Americans see their own country, and it is consistent with American Values (which are very positive, imho)
without getting in a good/evil debate, culturally Hollywood et al "colonized" nearly the whole world, for example. We all became a bit more "Americans" - as AnAnonimous constantly hints to. And English as a second language propagated itself as much under one empire as under the other
no, I'd say that the word empire is correct, in the greater historic context, even if other empires "recently" "colonized" in a larger scale
"Empire" means after all only "out of many nations", and does not necessarily involve expansion or colonization
I can understand that you don't see it so, but the label fits, and it's not necessarily a disparaging or critical one, it's just the way it is
I could write pages after pages about the "bill for military defence" and the "own laws and taxation" thing, but I think I'll leave it
I agree with freddie on hollywood, it's shit for the masses and it's very left leaning propaganda. The fact that people globally watch that crap says more about them than they would like to admit. Empire does not mean "out of many nations", it means many nations "controlled" by a single authority. Like the former british empire or the soviet bloc. I don't care if the Euro's see us as an empire, I don't see it as diparaging even though that's the intent, the left in the US paints us as the evil empire, fuck'em, their a bunch of pussies and they'll buckle under pressure. I also don't care if the euros get invaded by the russian and chinese which I think will happen. I'm going to defend my own country and that starts at home.
LOL - ok, only one out of the bunch: "...if the Euro's see us as an empire...": interestingly, some europeans see you and us as one empire - controlled not by one single authority but by several. Of course with Washington having more to say than let's say London or Paris
think for example Vietnam, a former French colony
on the other side, what Kipling called the "White Man's Burden" was shifted in the moment when a British-French fleet was already landing in Egypt in the fifties to get back control of the Suez Channel and Washington whistled them back. from that moment on, Egypt became a satrapy of the Pentagon (yes, even the State Department had no say over US-Egyptian relationships, only generals and colonels talking to each other)
it's a view with some validity, imo
btw I'm old enough to remember how for a long while it really looked like three quarters of the world would eventually become communist - and how novel/strange/different the world became when the Iron Curtain fell
History by wealth and by stealth.
If you interfere with the self-determination of countries on a grand scale, you are an empire.
I never saw the USA as an empire. A world power yes. Don't you have to literally colonize new territory and impose your own laws, language and taxation?
___________________________________
The US is a colonial power. The depiction fits what US Americans did on the indian lands.
Of course, 'american' pc-ness urges for calling the said colonies territories. The US has territories, not colonies but hey, 'americanism' is as 'american' does.
That is what it takes not to see the US as an empire. Forget what they did during the colonization century aka the nineteenth century. Out of 236 years, you must suppress at least one hundred years in order for this 'american' fantasical wish to be satisfied.
War on the EU and national governments would be very welcome, though!
This looks more like a map of the reactions of various countries to watching that king of cheesy annual events which coincidentally takes place tomorrow - the one, the only, ladies and gentlemen, the Eurovision Song Contest...!
Confused? See here - http://en.m.wikipedia.org/wiki/Eurovision_Song_Contest
Come on euro club, we said the jersey colour is red !
wheres the shading for the 4-5 countries that are currently in depression. calling greece/spain, etc a recession is being much too kind imo.
LOL, team USSA...
That blue line which encloses the nations "currently in rescue program" will expand and soon encircle the entire EZ sans Germany (for now).
A E-Z camp, you say?
ARBEIT MACHT FREI!!
Please color France red and then see the picture.
Was that a trick?
for Corsicans, it seems so. who stole that island? The Squid?
+1
The Yank who painted that map has definitely not been briefed on the exact geographical location and siza of Malta.
Why is there no blue line (= in a rescue program) around Spain? After all, they got €100B...and will need much more while even the IMF admitted that Spain is done.
Edit: Chart: Goldman Sachs. I see.
The ones that enjoy lots of cold water fish.
Beat that bitchez,
We are steaming ahead in the valuable race for growth over here, thanks to the strong hands and decisive leadership of this fine and pleasant land SS Britain is running forward to the horizon of un-fathorable brilliance by the mighty Camoron and Mr Gideon.
Its insane this is.
Yes, all those countries that can manipulate currencies, the numbers, and the sheeple are "growing" just fine. Fuck me...
The circuses are getting pretty ridiuclous, let us hope they can keep delivering the fucking bread.
sarc laws,
I thought you might have got that one mate.
;-)
Its GMO seed bread. Causes sterilization. A slower process of eliminating the serfs. Keep eating that bread.
http://www.naturalnews.com/036710_GMO_animal_experiments_infertility.html
That's a mighty fine bit of circular logic you have there. Are humans not part of Nature? Humans evolved/developed these GMOs, ergo, why aren't they "natural". FYI, many things found in Nature cause sterilization, it's your choice to avoid them.
Labeling the GMO stuff would make it much easier to avoid.
Goldman forgot to color Corsica red. It's still part of France.
I see the map and all I can think of are beef curtains.
Muppet or insider "data" used to produce this crayola opus?
Sinkhole?!
Attention american muppets in CONgress, who's gonna fund your liabilities now?
BOOM motherfuckers; http://www.marketwatch.com/investing/bond/10_year
Ben would have done better to drop cash from a helicopter at this point. He's got the printer, but we control velocity.
That's a very interesting kick-upside-the-head. Pissed away the entire sequestration "savings" in a couple hours of trading.
The UK is not 'growing' - the barely positive GDP figures have been manipulated by the Government and the BoE.
This is obvious when the biggest contributor to the 'growth' are services (i.e. banking) and construction (aka Government sponsored building work)
It's not growth when the money moves around but the people sit idle.
In short, an increase in bullshit paper-pushing and financial "products" of mass destruction. As I stated eariler, looks like the circuses are getting pretty rediculous, let us hope they can continue to deliver the fucking bread.
I have an off topic (albeit always on topic) question for my fellow ZHrs.
Assuming Gold oz/usd reaches say...800-900
1. how likely do you think it will be to find physical?
2. what will be the premium for physical?
3. Will Mints still hold physical for sale?
4. Why not sell my stash now at a gain and buy at said hypothetical price?
I'd love your imput on this.
Have a smaking great day people....
The last time I bought physical was in around ~2004. finding physical will depend on your location and whether or not the government is confiscating it. Safe places to be in the U.S. include Utah, Arizona, and Texas, so far...
The federal government and Federal reserve (private bank) manipulation (gold crush, yen crush) is failing to deliver the only thing that matters, a bid under treasuries;
http://www.marketwatch.com/investing/bond/10_year
As I said elsewhere, Ben would have done better to drop cash from a helicopter at this point. He's got the printer, but we control velocity.
@writhing
The very purpose of Industry was to make (some) people sit idle.
Its just that the input costs for the machines keep rising.
Instead of people sitting idle they must now throw the former consumption of more and more people into the fire.
Hint - its the european entrepot (added value) economy which is dead but zee Germans will just not accept this as they are the last entrepot.
Europe died because it did not care about its basic primary and secondary industry............why did they not care ?
No profits in that business..............too much wages you see.............
Its just food ,energy and other little basic secondary stuff.
looks like Reinhart/Rogoff case study!
OK, this is OT, but I really would like some input from my friends on ZH.
I have an opportunity to sell one of my rentals. My property manager is pushing hard to sell rather than re-rent. She is probably assuming I'll use her ad my agent and would love to get a commission. She says she has a couple of potential buyers already.
She's pushing a land contract over a straight sale, says I could make 40 to 50k more with a land contract. Either way I'll get reamed on my taxes.
If gold keeps falling I'd probably buy big. If not I could use some extra cash in my gun buyback undercutting operations. Even with those deals I'll end up sitting on a pile of fiat that can become useless any day.
Thoughts?
In this situation, unless the tax and maintence become expensive (and with numerous technically skilled people willing to work under the table on my properties, I don't see this as becoming a problem, taxes? depends where you are), you need to retain ownership of all revenue-generating assets, period.
"Catfight- and it's US vs EU" by Pepe Escobar [5/17/13]
http://www.atimes.com/atimes/World/WOR-01-170513.html
good digging by Pepe!
thanks, it's a great article from Pepe. worth repeating some of his comments on this damned proposed trade deal
"The US-EU deal is also supposed to be the icing on a cake of deals already being struck by the US with individual nations in Asia. There's absolutely no question about who the stronger side is. US President Barack Obama is already engaged in high-stakes PR, spinning on every possible occasion that Europe has been in trouble trying to find a recipe for growth. And the US may count on fifth column elements such as the European Commissioner for Commerce, Karel De Gucht, for whom the French - who defend a lot of exceptions - are already isolated.
Make no mistake; Washington will go for broke, Iron Man 3-style - as in smashing European norms of sanitation and phyto-sanitation, and "liberalizing" food, everything genetically modified from meat enhanced with hormones to chlorine chicken. The pesky rules established by the faceless men in Brussels have been routinely derided in Washington as "non-scientific", unlike the American non-rules.
The ultimate bowler hat man
Startled European citizens are only now coming to grips with the fact that the EU proposed the deal to the US - and not the other way around. EU here means the European Commission. And that's where the juice hits the throat; it's all about the ambition of one man (a Portuguese) against the pride of a whole country (France).
Compounded to the fact that the negotiation was personally green-lighted by Obama, and with the US Congress interfering at every level, the bottom line is that for the Americans, "everything is on the table" - code for we want it all, and we're willing to give no ground.
France - already supported by the ministers of culture of 12 nations - wants the audiovisual industry to be excluded from all negotiations, in the name of its much-prized "cultural exception". This is one of the few countries in the world - China is a different matter altogether - not totally swamped by Hollywood products.
If that's not the case, Paris will veto everything - even if, off the record, French officials admit they don't have the power to veto anything; the French corporate world also badly wants the deal.
Still, Paris will battle for everything ranging from the "cultural exception" to the most crucial sanitary/environmental norms. It will be joined by Italy on many fronts; there's already open revolt in sublimely artisanal Italy about a bleak future where people all over the world will be consuming Made in USA Parmesan cheese, Parma ham and Brunello wines.
On a different front, it's certain that Washington will not open the US market to European financial services or maritime transportation. That's just one example of how much Europe has to lose and practically nothing to gain.
In the end it all amounts to the blind ambition of an astonishing mediocre European career functionary - the Portuguese EC head, Jose Manuel Barroso. Barroso expects to get a mandate to negotiate in the name of all member-states on June 14. And he expects the negotiations to finish before the end of his current mandate, on November 2014.
Some audibly furious EU diplomats confirmed off the record to Asia Times Online that Barroso mounted this formidable operation virtually by himself, eyeing a handsome future reward from his masters - in Brussels? Forget it; Washington. Barroso wants either to become the secretary general of either the United Nations of the North Atlantic Treaty Organization. Neither of these posts can be had without Washington's green light.
That would explain Barroso's chief of cabinet being nominated EU ambassador in Washington, furiously lobbying the Americans alongside Portugal's ambassador to the US and Portugal's ambassador to the EU.
All bets are off on the winner of this monstrous catfight. EU member-states may vote against their own interests; but another thing entirely would be an overwhelming eruption of anger by already beleaguered European citizens. This new saga of Western turbo-capitalism has all the elements to be, well, quite revolutionary. "
I have only one thing to add: the UK's government is all for this deal, and imagine themselves already out of the EU but in this giant "trade zone of horror"
What the E.U. fails to recognize is that TPTB in the U.S. have already aligned with the chinese and have adopted a chinese-style approach to labor, human rights, and finance. Labor's share in America will continue to fall until it is equivalent to that of the chinese system. Then (surprise-surprise) you will see the BRICA nations arise. Russia is the only wildcard that matters. Unfortunately Brazil is in South America, and is, well, simply put, a south american country. Ciesta and tequila is still popular there.
sigh. yes. this was the apparent direction taken since Nixon went to China... and one of the main reasons why we built up all this EU and eurozone stuff - to keep all this "goodness" out
Thanks for posting Pepe's text Ghordius, his observations are dead-on as usual.
It seems the beast has already won the food war in Europe as the Brussels-based Zionist ass-licking lackeys are working on a new law that prohibits and criminalizes all seeds & plants not registered with Uncle Sugar.
...And all the bloody sheeple care about is Game of Thrones. They fucking deserve everything that comes this way.
Siesta & Caipirinha, pal, siesta & caipirinha.
Having spent more time in Brazil than any other country (just got back from another 3 month trip) except my home in the UK, I can say with some accuracy that siesta is not really practiced much there and Brazukas by-passed Caipirinha some time ago (it remains their so-called national drink) and go straight for the Cachaça.
Quite a lot of beer, crack & maconha consumed these days too!
the french left has been shouting about this US blitzkrieg, which Merkel seems to favour.
Its a litmus test to see if EU has any cojones and free will left.
As for Barroso he as always since 2003 Madeira days has been the man from UNCLE, US version.
Watch out for the Monsanto catch on GMO grain, its one of UNCLE's main strong suits.
La France now reliant upon the white-hot recovery in Corsica then..
.
What is Turkey doing there??
the Turkish application to join the EU and later the eurozone is still valid/active - and it's not a country you can ignore in this context
Quite so. Given that only a tiny piece of Turkey is actually in Europe, it has no place in the European Union.
What about NATO?
NATO is a seperate organisation from the European Union, although Turkey and several EU member states are members of NATO, as is the United States.
who made that stupid map? how would corsica grow while mainland France be in recession ?????
Clearly cartography was not their specialty. That purple line bordering baliout countries is silly too and very hard to read. I would've used a symbol (Yellow Star?) by the by the country's name instead of the outline.
I would've also broken down "Recession" countries into 2 or 3 percentage groups and colored them accordingly.
Norway is not in the EU, which explains why they are doing well.
Turkey is not part of the EU although Albion is desperate for it to be so it can act as an oil and gas transit point for the
EU, outflanking Russia, speed up the replacement of the indigenous population. Come to think of it, the Brussels
Eurocrats must be particularly keen to see Turkey a full member for pretty much the same reasons.
So, uh, Mission Accomplished?
Add: Notice who is not in a "Rescue Program" and yet is growing about as quickly as just about any of the other "growing" economies in the zone? Hint - they're near the upper-left corner of the map.
ll that is wrong with Spain.
It is being pushed into surplus and yet cannot use tokens to pay drivers and techs to run a system which would reduce its oil balance.
Tramway Jaen
2 years after the first Trams ran on its rails………..
Now nothing but traffic.
Go figure – its easy.
http://www.youtube.com/watch?v=KzHnXoD7Gjk&feature=player_embedded
So Poland and Slovakia are ok? Cool. The Polish have always been cool with and by me, and their women are hot. Same with Slovakia.