This page has been archived and commenting is disabled.

Europe's New Scariest Chart

Tyler Durden's picture




 

Recent polls show pro-default parties growing popular in peripheral euro-area countries such as Greece, Italy and Spain. As Bloomberg Brief's Maxime Sbaihi notes, in a depressed economic environment, their promises to restructure public debt might soon bring them to power and tempt traditional parties to adopt their ideas. This return of political risk in the euro area doesn’t appear to be priced in by market participants. As Italy's Beppe Grillo recently exclaimed, "we will leave the Euro and bring down this system of bankers, of scum."

 

 

One of these countries could trigger a new euro-area political crisis and affect the others through contagion. Market participants are focused on the European Central Bank and may be overlooking that prospect.

*  *  *

As Martin Armstrong asks rather pointedly...

Since the introduction of the euro, all economic parameters have deteriorated, the founder of the five-star movement in Italy is absolutely correct. The design or the Euro was a disaster. There is no fixing this any more. We have crossed the line of no return. Beppe is now calling for referendum on leaving euro. Will he be assassinated by Brussels? It is unlikely that the EU Commission will allow such a vote.

*  *  *

Source: Bloomberg Briefs

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Fri, 11/21/2014 - 09:09 | 5473185 GetZeeGold
GetZeeGold's picture

 

 

 

we will leave the Euro and bring down this system of bankers, of scum."


Patriot!

Fri, 11/21/2014 - 09:17 | 5473210 PartysOver
PartysOver's picture

Nice thought but too many wusses.  Won't happen. 

Or they have imported the "Stupid People" syndrome from Murica and are clueless idiots as to what is happening to them.

Fri, 11/21/2014 - 09:29 | 5473237 Richard Chesler
Richard Chesler's picture

Is there any other type of bankers?

 

Fri, 11/21/2014 - 09:35 | 5473249 GetZeeGold
GetZeeGold's picture

 

 

Or they have imported the "Stupid People" syndrome from Murica and are clueless idiots as to what is happening to them.

 

They've done everything that can to cultivate this environment.....but will it be enough?

Common Core was a cute twist.....but they're starting to see some blow back from that little stunt.

Fri, 11/21/2014 - 12:42 | 5474006 angel_of_joy
angel_of_joy's picture

Even "Stupid People" can become restless when the pain in their asses is too much to bear... Remember Eastern Europe of 1989 !

Fri, 11/21/2014 - 09:32 | 5473241 1000yrdstare
1000yrdstare's picture

Hey Beppe! Don't visit Dealy Plaza anytime soon...

Fri, 11/21/2014 - 09:42 | 5473285 Silverstar
Silverstar's picture

Anyboby have some informations about this.. ?

Germany is preparing to leave the Euro.

http://www.liberoquotidiano.it/news/economia/11715358/Euro-addio-il-pian...

or here

http://www.affaritaliani.it/esteri/germania-torna-al-marco-tedesco3110.h...

 

Greetings

Fri, 11/21/2014 - 10:17 | 5473415 Bossman1967
Bossman1967's picture

and will he be getting an Italian neck tie for Christmas or wake up with a horse head in his bed. his bed is with the fishes I'd say. my people atleast get it.

Fri, 11/21/2014 - 10:53 | 5473584 Tall Tom
Tall Tom's picture

He will take a bath and cut his own throat with a disappearing knife.

 

He will be suicided.

Fri, 11/21/2014 - 13:36 | 5474199 KnuckleDragger-X
KnuckleDragger-X's picture

Wouldn't bet on it. Anything that obvious is likely to start blood flowing in the streets and that's bad for business. They will however do everything they can to discredit and destroy him. A martyr is a dangerous thing, a fool can be ignored.

Fri, 11/21/2014 - 09:10 | 5473186 Badabing
Badabing's picture

The bank owners will never let a debt forgiveness happen without a fight!
Note: I didn't say default!

Fri, 11/21/2014 - 09:09 | 5473195 goldhedge
goldhedge's picture

Fuck the EU

Fri, 11/21/2014 - 09:10 | 5473197 Citium
Citium's picture

Could you say I have a plethora, Beppe?

Fri, 11/21/2014 - 10:55 | 5473594 Orwell was right
Orwell was right's picture

I love obscure movie references!!   (still chuckling)

Fri, 11/21/2014 - 09:10 | 5473199 Chupacabra-322
Chupacabra-322's picture

Banksters of Scum Fucks is more like it.

Fri, 11/21/2014 - 09:11 | 5473200 NoDebt
NoDebt's picture

"Will he be assassinated by Brussels?"

Look, all I know is, I do the job, the money shows up in my account.  I never know who's actually paying.

Fri, 11/21/2014 - 09:26 | 5473230 stant
stant's picture

What's the best , black and decker or bochs?

Fri, 11/21/2014 - 09:45 | 5473297 BlindMonkey
BlindMonkey's picture

Hitachi actually....bought with untraceable Yen.

Fri, 11/21/2014 - 09:50 | 5473313 Badabing
Badabing's picture

Passload 10 penny gas operated no hose or wire

Fri, 11/21/2014 - 09:52 | 5473324 BlindMonkey
BlindMonkey's picture

Hilarious. There is no better marker for inflation than the quaint measurement for bulk nails.

Fri, 11/21/2014 - 13:49 | 5474249 tarabel
tarabel's picture

 

 

Paslode. But use a DeWalt battery gun with a 16d. Or a Ram-Set to make sure it doesn't bounce off the skull.

Fri, 11/21/2014 - 09:46 | 5473299 Grumbleduke
Grumbleduke's picture

HILTI

Fri, 11/21/2014 - 10:47 | 5473567 SoDamnMad
SoDamnMad's picture

Make sure you are wearing Level 5 body armor.  Pepe has lots of freinds so you best have an extra eyes in the back of your head. Woar.

Fri, 11/21/2014 - 09:12 | 5473201 Buster Cherry
Buster Cherry's picture

DO IT..........NOW FUCKERS!

Fri, 11/21/2014 - 09:12 | 5473202 Brazen Heist
Brazen Heist's picture

Yeah and fuck the EU while we are at it. These parasites are all about power preservation at all costs.

Fri, 11/21/2014 - 09:14 | 5473204 williambanzai7
williambanzai7's picture

Fuck Goldman SucKs

Fri, 11/21/2014 - 09:16 | 5473206 AdvancingTime
AdvancingTime's picture

The euro-zone is in a far bigger mess than recent headlines and figures suggest. Most of the growth in the Euro-zone over recent years has been in Germany and that bright spot is now under pressure. Italy has been in recession for two years; France’s economy has been stagnant for months. Now that Germany is in trouble, many economist think the chances of a Japan-style deflationary spiral have risen sharply.

What it all boils down to is Germany can’t keep buying Greek bonds and other bad debt with German taxpayer money until the end of time. The article below looks at the corner Central banks have painted economies into by attempting to paper over reality and how these polices will hinders growth for as long as the eye can see. Bottom-line, debt does matter!

 http://brucewilds.blogspot.com/2014/10/global-economic-malaise-due-to-debt.html

Fri, 11/21/2014 - 09:16 | 5473207 Colonel Klink
Colonel Klink's picture

BRAVO!  People are beginning to figure out that stiffing the banking system is the way to bring down the ones stiffing them.

Fri, 11/21/2014 - 09:28 | 5473235 GetZeeGold
Fri, 11/21/2014 - 10:11 | 5473395 gatorengineer
gatorengineer's picture

and of course they are going to take it quietly and passively.... LOL

Fri, 11/21/2014 - 09:17 | 5473209 RabbitOne
RabbitOne's picture

Until I see it screaming in the streets of Europe. It is a pipe dream...

Fri, 11/21/2014 - 09:51 | 5473318 BlindMonkey
BlindMonkey's picture

Patience my nervous rabbit. Patience.

Fri, 11/21/2014 - 09:21 | 5473211 Notsobadwlad
Notsobadwlad's picture

I think that people are starting to believe that it is not a question of country versus country, but money creator versus those who need money to exist within the system created by the money creators.

It is not enough to default. To be free of the money slavery the money creators themselves and everyone who supports them must be turned, isolated or failing that destroyed.

My belief is that there must be a power behind the money power that can be dealt with in some way. My guess is that the money power and its captive slaves will defend the power at all costs to maintain their own power.

But to defeat the power, those who unwittingly serve it will need to be converted.

... and maybe this is the way we get world peace... and possibly unity. It also means that the US and other 1st world countries do not need to be destroyed by foreign powers, only those parts that are running the money power system. Maybe the BIS, central banks and large investment banks would be enough. Still seems wrong somehow.

Fri, 11/21/2014 - 10:39 | 5473521 scubapro
scubapro's picture

 

you were doing well until the last paragraph.    whirled peas?  seriously?

 

you cant convert a fed slave.    US revolution was led by the bourgeousie.   the .001 will need to bleed the .01 who will lead the .05,   whose resources will be paid to the fighters; the the very top will change seats. 

 

Fri, 11/21/2014 - 09:20 | 5473213 Keltner Channel Surf
Keltner Channel Surf's picture

China:  "Everyone, move 30 degrees, get back on track"

England:  "Europe?  We don't need no stinkin' Europe"

Draghi:  "Well, I just might.  Really, I mean it this time."

FOMC:  "Not worried about global weakness, as they'll be trying the same shit we did that (hasn't yet) worked."

Fri, 11/21/2014 - 10:13 | 5473401 gatorengineer
gatorengineer's picture

still dont understand do you.... Worked perfectly and flawlessly, the .001 percent have never been better off, Stawks all time high, the middle class is destroyed, Amerikka is in ruin....  Misson accomplished.

Fri, 11/21/2014 - 10:34 | 5473490 scubapro
scubapro's picture

 

the ownership class, has never been more wealthy--compared to the cost/availability of labor.    they can trade a smidge of thier assets for currency to buy a life of work...modern debt slavery.  difficult words, but what other description is there?  30yrs of labor to own one's own roof?   

paper money and debt creation without limit drives the prices of everything up and value down.   look at higher education, look at homes. 

the s/t answer used to be more credit;  problem today is we have too much stuff already, there is very little left to consume--there is only so many hours in a day to consume.....of course putting all out of work and getting them ebt cards helps a bit

Fri, 11/21/2014 - 09:22 | 5473214 jose.six.pack
jose.six.pack's picture

us and them

Fri, 11/21/2014 - 09:24 | 5473221 Badabing
Badabing's picture

In all fairness ( in other words fugedabouit) the euro is no longer a euro!
When introduced to all European countries it was pegged to a percentage of gold. All contracts are null and void because the banks turned it into 100% fiat. Without a new contract.
But the only way the banks will be fair is with a fight they understand war.

Fri, 11/21/2014 - 09:34 | 5473257 arkm
arkm's picture

Italy is in such a condition because of its people, not because of Brussels or Frankfurt. Everyone is concerned by his own rights and completely forgets about his responsibilities. 

Fri, 11/21/2014 - 09:37 | 5473271 no more banksters
no more banksters's picture

European Leftist domino already started

Podemos and SYRIZA pass the torch to Die Linke

http://failedevolution.blogspot.gr/2014/11/european-leftist-domino-alrea...

Fri, 11/21/2014 - 09:40 | 5473279 jarana
jarana's picture

This bankster system sucks (EU), and must be abolished. But then what?

A Polish worker is 30% cheaper than a Spanish worker, and 20% cheaper than an Italian worker, and 25% cheaper than a Greek worker. After the default, the conditions are better for rebalancing the economy (reducing the fucking STATE costs and taxes), and make middle and worker class of these countries better off, but awareness of some economic issues (FREEDOM) must be taken into account.

Most parties leading these movements in south Europe are plain populism, and many of them are marxists.

Will it end well? I don't think so.

Worse than actual state of things? Ask Murphy.

Is that an excuse for maintaining the actual system? NO.

Things will change. Soon.

Fri, 11/21/2014 - 09:55 | 5473327 q99x2
q99x2's picture

BTFDefault. Can we please have Greece default in 2015. Please M'Fers.

Fri, 11/21/2014 - 10:04 | 5473363 lakecity55
lakecity55's picture

Beppe: Who are you?

The name's Gladio.

What do you want?

Pffft!  Pfffft!

Fri, 11/21/2014 - 10:26 | 5473444 Mi Naem
Mi Naem's picture

No, no!  Let them have their votes. 

We will count those votes for them. 

Fri, 11/21/2014 - 10:14 | 5473405 gatorengineer
gatorengineer's picture

Anyone else notice a shocking resemblence between Bill Gross and the Crypt keeper?  See sidebar Pimpingitco ad

Fri, 11/21/2014 - 10:31 | 5473457 Mi Naem
Mi Naem's picture

Sure, they could default, but if they don't bring their expenditures and off-books future obligations in line with current and honestly projected future revenues, then they will have started hot wars for nothing.  Again. 

All they need are honest politicians, meaningful audits, and an engaged citizenry - like we have here in the USA. 

Fri, 11/21/2014 - 10:47 | 5473566 WTFUD
WTFUD's picture

Don't you want me baby?
NO.

Fri, 11/21/2014 - 11:18 | 5473686 alexcojones
alexcojones's picture

Grillo will meet Michael Hastings fate.

In a flaming Mercedes one car crash.

Fri, 11/21/2014 - 12:03 | 5473890 tommylicious
tommylicious's picture

good post here.

Do NOT follow this link or you will be banned from the site!