This page has been archived and commenting is disabled.
US Senator Demands A Federal Reserve Bailout Of Greece
It should hardly come as a surprise when a hard-core US socialist comes out with demands that his socialist peers in Greece be bailed out by none other than the Federal Reserve: in fact, it does show why while so many quasi-socialists hate when the Fed bails out the "loathsome" banks, they love when the Fed bails out everyone else. And yes, socialists are known to demand for bailouts - in fact the more often, and the more frequently, the better .
And yet, perhaps in asking for a Federal Reserve bailout of Greece, everyone's favorite Vermont socialist does make some sense: after all if the Fed is bailing out European banks, and just European banks, on an ad hoc basis, and usually quite well hidden (see for example: "How The Fed's Latest QE Is Just Another European Bailout"), does it really matter if the Fed spends what amounts to one daily POMO amount to save some 11 million Greeks?
In retrospect it may be the most "social" thing the Fed will have ever done.
»
- 37211 reads
- Printer-friendly version
- Send to friend
- advertisements -
The United States of Greece, this my friends is what we have become.
These guys not so crazy as it always makes sense to bail out your best customer....paying off the Greek debt is bullish Euro hence very good for US exports to EU!
Something I already suggested
http://www.zerohedge.com/news/2015-02-01/tide-turning-obama-expresses-sy...
Just put check in the mail
and don't forget "Gold is money"
30 seconds in: "let me turn your question around"...sure bernie
fucking lunacy
He obiously had a falling out with the Paul's.
This fucking traitor needs to die! Yes I said it.
Disclaimer: This cock's account is now under the control of ISISIS...even better than ISIS or plain old IS!
Bernie falls head first down the slippery slope that is QE. He can't stand to see socialism die the innevitable death it deserves. This whole thing has become so perverse and crazy that what was once unimaginable is now spoken about freely out in the open as if it were legitimate. We are trapped in a dangerous mass delusion that supposes labor and production can be magically created out of thin air with a few sprinkles of pixie dust.
He would look good as a windchime.
lampshade
Bernie Sanders: "Well somebody should pay for this shit!!"
Is Sanders a tribe member? Seems a little overly concerned about that 'nazi' party in Greece. Did he have the same concern about bringing Nazi's to power in the Ukraine?
dexter_morgan Yes, he is.
he's a real nudnik. When did the Bolsheviks take over the US?
Quite some time ago, and the solidified their control with Obomber!
When will people realize that shoveling fiat at problems does not solve anything. This really is getting way beyond insane. I feel like I wake up to some bizarre nightmare every morning.
Printing money has no consequence. Buy Greece, buy Italy, buy Spain.
Fed guarantees for all pension funds; student loan forgiveness. Give it up, baby.
OK Bernie. What if we give Greece all of the gold in the Fed? Har har har har har har har har har ...
Bernard Sanders would make a good cat lady if he wore a training braw. Either way he should stay on better meds if he goes out in public.
They're just ones and zeroes. Imaginary at that
It's only about control. It doesn't matter if Greece defaults and brings back the drachma. The Marxists will still have control of Greece. It begins and ends with that
STFU nudnik.
What a $BILLION LOOKS LIKE, put it in perspective. Its a LOT of Money!!!
https://www.youtube.com/watch?v=Tym9AhMNcP0
They don't show the STRINGS ATTACHED....
I got an idea Bernie, why don't you bail out Greece? What a jackwagon.
A great senator. We need someone like him in the White House. Americans they're being taken for a ride by the large corporations and military /oil/ pharma/ big ag nexus. The gap between rich and poor grows we need someone like Bernie right now to reintroduce the ideas of the New Deal. Full employment on new WPA projects. High Speed Rail. Mono Rail. Solar Fields. Water projects. Family farms. This capitalism is above the law. It don't count unless it sells.
Hey, you and Rad can get togther and build your socialsit utopia, doing your bong hits and singing kumbiya! There are still some islands in the south pacific you can both move to, and please take Bernie with you!
You do know that FDRs get to work programs like the CCC workers were paid $10 a day IN TODAYS MONEY? I elect you to go into Ferguson and recruit them there folks to do some real hard shovel ready jobs out West for that kind of money.
*Sigh*
Another name to add to the streetlamp decoration list.....
Will it never end???
I just hope that the streetlamps along Pennsylvania Av. are strong enough for the rotted fruit like Sanders that they will be forced to carry.
It's settled then: Vermont will forgo their SSI and Medicare and Medicaid and Interstate Highway money and foreword it to Greece...or just send them a shitload of Ben & Jerrys and maple syrup.
There's no either/or, no need for priorities: then can just print all they want without consequence.
Seconded!
But Bernies got his hands full trying to beat down Vermont investigating Jonathan Gruber for his (ahem) liberal, billing practices & health insurance modeling.
Send lawyers, guns & money...the shit has hit the fan ;-)
Nope no corruption here. We dont do that blakmail extortion or bribery here. We are way better than them other 3rd world countries. First class people at every level of government service. From top down the most brilliant minds around. Backed up by the best justice system ever. With a watchfull free press we are set.
I'm a little disappointed he didn't also mention the much needed bailouts of Argentina, West Africa, and how could we forget Zimbabwe. Bernie is probably trying out for the next Fed chairman job. I mean wasn't it everyone's favorite Alan Greenspan who said it best when he remarked,"We stand ready to create money without limit".
Communist ran amuck! The communist can't spend all of the people's money, if the people don't have any money!
When the fundamentals are ENFORCED FRAUDS, there are no "solutions" but MOAR ENFORCED FRAUDS.
The overwhelming vast majority of people are either not willing or able to perceive that money is measurement backed by murder ... That situation has developed through the applications of the methods of organized crime to build a social pyramid system based on backing up legalized lies with legalized violence, which has become globalized electronic monkey money frauds, backed by the threat of force from apes with atomic bombs.
Everyone who was relatively successful within those systems MUST NECESSARILY be some kind of professional liars and immaculate hypocrites, who maintained attitudes of evil deliberate ignorance towards the central social facts that privately controlled banks are making the public "money" supply out of nothing as debts, which makes NO SENSE, EXCEPT as the result of civilization being controlled by organized crime, which has no significant public opposition that is not controlled. OF COURSE, it makes an INSANE KIND OF SENSE for guys like Senator Sanders to recommend that MOAR "money" be made out of nothing as debts, to cope with places like Greece, et alia, already drowning in debts, and apparently going down for the third time.
Some of the comments above promote the typical superficial labels about what has gone wrong, which tend to not get remotely close to the core problems, because they tend to deliberately NOT follow the "money" to its SOURCE. Rather, the standard responses of the vast majority of people is to ONLY follow the "money" through some small slice of its journey, in ways which never go through the whole cycle of that kind of "money" creation and destruction.
It is quite awesome that a civilization has been built on being able to back up lies with violence, in which almost everyone has been brainwashed by bullshit about that! Reading Zero Hedge in these times is to watch the cognitive dissonance due to the FACTS THAT EVERYTHING IS BASED ON ENFORCED FRAUDS shake themselves silly. Everyday, there is another flabbergasting spiral of the runaway systems of ENFORCED FRAUDS, (which the vast majority of people appear unable to comprehend, because they do not want to!) Furthermore, of the few that do, most of those still continue to only superficially comprehend that money is NECESSARILY measurement backed by murder. The situation has ALWAYS been that the debt controls were backed by the death controls, and that was ALWAYS done through the combination of governments being the biggest form of organized crime, controlled by the best organized gangsters, the banksters, while the social successes based on being able to continue to ENFORCE THOSE FRAUDS enabled that situation to have been made and maintained by there being practically nothing against it but controlled opposition groups.
After we already got the point of developing Neolithic Civilizations at an exponential rate as systems of lies backed by violence, for thousands of years, which meant that the last few Centuries, then the last Century, then the last few decades, then the last decade, then the last few years, then the last year, were ALL on the same basic exponential growth of ENFORCED FRAUDS, we are witnesses to the times when that situation looks like it is reaching the point of PEAK INSANITIES, at the same time as Peak Everything Else ... (After all, that "money" made out of nothing was primarily used to "pay" for strip-mining the planet's natural resources, in the least sustainable ways possible, which systems are running into limits of diminishing returns, since the planet is finite.)
Given that the world's monetary systems are based on ENFORCED FRAUDS, and the Federal Reserve Board is the single greatest of the National Kings of Fraud operating inside of those globalized systems, the Federal Reserve Board HAS been creating enough money out of nothing to buy everything that could be sold in Greece, while other National Kings of Fraud, like the Japanese and Chinese, have also been creating enough "money" out of nothing to buy everything that could be sold in Greece over and over and over again, faster and faster and faster ...
By and large, nobody is able to fully comprehend what it means for a globalized civilization to operate on the basis of electronic frauds, backed by the force of atomic bombs. Since the vast majority of people deliberately ignore the basic facts that money is measurement backed by murder, but rather, have an elaborate system of absurd bullshit to talk about that, while maintaining attitudes of evil deliberate ignorance and willful blindness towards the most important central facts, we are watching the tragic trajectory of a criminally insane civilization spin out of control at an exponentially accelerating rate.
Senator Saunders is CRAZILY CORRECT, as the article above stated, "does it really matter if the Fed spends what amounts to one daily POMO amount to save some 11 million Greeks?" Consider that the entire system is based on ENFORCED FRAUDS, and so, the Federal Reserve has created enough new "money" out of nothing since 2008 to buy everything that could be sold in Canada, for instance, at least several times, and probably everything that could be sold in Greece perhaps dozens of times. However, to call Saunders a "socialist" is an absurd abuse of words, in ways which are all too typically done in Zero Hedge articles and comments. I expect that the vast majority of people will continue to deliberately ignore the facts that money is measurement backed by murder, and therefore, continue to deliberately NOT follow the money to its SOURCE. Instead, they will continue carve out some silly slice of the whole process, and then, abuse slogan labels like "socialism" to promote misunderstanding what has really been going on.
THERE IS ONLY ONE SYSTEM:
ORGANIZED CRIME, AND A
CONTROLLED OPPOSITION.
All of the rest of the language that is used to discuss political economy is bullshit promoted by the dominant organized crime gangs, as well as adopted by their controlled opposition groups. In my view, it is impossible to exaggerate the rush at an exponential rate towards Peak Insanities, due to the established systems being based on ENFORCED FRAUDS, while the controlled opposition tends to be just as silly about that as the established systems are.
The realm of political economy is practically nothing but bullshit fighting bullshit, which is becoming crazier and crazier, at an exponential rate, because the systems of ENFORCED FRAUDS automatically amplified their contradictions to astronomical sizes. That is the context in which the Federal Reserve Board COULD instantaneously create enough new "money" out of nothing to pay off all of the Greek debts. However, such an event would result in even more people scratching their heads about that, which might lead a few more of them to realize the degree to which the entire political economy is based on ENFORCED FRAUDS ... and even a few of those might puzzle their way through towards some glimmering of understanding that money is measurement backed by murder, which has become electronic and atomic, so that the ENFORCED FRAUDS are now orders of magnitude BIGGER than the entire physical economy.
While the physical facts have always continued to exist, the social facts have been able to be constructed on the ability to back up lies with violence, which systems grew at an exponential rate, to become more sophisticated systems of legalized lies, backed by legalized violence. However, while that was happening, those doing that were always able to bullshit more and more about that, while they were also able to control the opposition to also bullshit about that more and more too!
Therefore, it is impossible to exaggerate the degree to which civilization has become runaway criminal insanities, which have become psychotically detached from the physical facts, and natural laws, such as the principle of the conservation of energy, while the social understanding of entropy was totally inverted and perverted, as the same time as almost every other word and concept also had its meaning inverted and perverted. In the case of this article, the history of our discussions of political economy has gradually resulted in the meaning of the word "money" being more and more totally inverted and perverted, while also the meaning of the word "socialism" was also inverted and perverted.
Of course, most people are emotionally attached to wanting to continue to believe in their favourite bullshit, and therefore, will deliberately continue to ignore more rational evidence and logical arguments regarding what the real situation is when there is almost nothing but ENFORCED FRAUDS, operating a monetary system whereby measurements are backed by murders. Following current events on Zero Hedge is to have a front row seat to view the psychotic breakdowns of civilization. There is enough information there to be able to follow the development of one flabbergasting new level of fraud after another, while that continues to be mostly interpreted in silly, superficial ways, since basic nature of ENFORCED FRAUDS having become runaway collective criminal insanities is NOT something that almost anyone who was relatively successful within those developments is willing or able to admit to themselves, nor discuss with others.
My own personal kind of insanity matches the definition famously misattributed to Albert Einstein:
“Insanity is doing the same thing, over and over again, but expecting different results.”I keep on attempting to do some kind of social psychiatry, in situation where the world is an insane asylum controlled by the most criminally insane inmates, which resulted in the only significant opposition also being similarly insane. OF COURSE, in that situation, social psychiatry never works, but nevertheless, I am insane enough to keep on trying, because, after all, I am also stuck living inside of that globalized insane asylum controlled by ENFORCED FRAUDS.
Rad...You write a LOT of words, to say absolutely NOTHING. You can keep your wealth transfer scheme, better yet, move to Venezula, you'd fit right in!
Unix, you are a mental eunuch.
LOL, damn, straight to the point, I commend you on 6 words, you finally said something.
BTW, I don't doubt some of the things you say about corruption, etc, but the socialist ideas that you put forward is truly mind shattering.
You have grown up in socialism my friend, you have NEVER tasted TRUE free markets, unless you are over 100 years old, and I doubt that LOL. Sanders is a self-avowed socialist, so to try and repaint his stripes is disingenious at best.
The FREE MARKET economy, with silver and gold as its TRUE scrip. NO form of FIAT is worth anything more than toilet paper! Fuck the regulatory and confiscatory BS. I am repulsed by the laws we have now in the USA - Patriot Act, NDAA, IRS, ACA, CRA, etc AND the alphabet soup agencies EPA, DEA, DOE, etc.
So spare me your diatribes, unless you fully support the Constitution, you have nothing worthwhile to say!
I do not promote "socialism," nor any other "ism" other than militarism, because I regard the FACTS as that there is only one system, which is organized crime, whose degree of success enables it to control the opposition. I do not promote militarism as what should be, but rather, as what IS, since what exists are systems of organized lies and robberies, which are best described as militarism.
Militarism is the ideology of the murder system. Militarism is organized crime on a large scale. Human societies did not follow anything else than that those who were the best organized criminals prevailed. The biggest bullies invented all the bullshit about various "isms" ... while the War Kings morphed into the Fraud Kings. None of the bullshit about that had any other purpose than to enable professional liars and immaculate hypocrites to be able to bullshit better.
To whatever degree Saunders is supposed to be a "socialist" is him spouting some level of political nonsense. Usually there is some relatively good analysis of the problems, followed by bullshit solutions based on impossible ideals.
I do not get where you read into my material that I am some kind of "socialist," or that I support "socialism." The dictionary definition of that kind of stuff does NOT address the FACTS, which are that the real world is controlled by the principles and methods of organized crime.
As far as I can tell, the only way to actually have better government is to have better organized crime. I do not think that anyone should say that view is consistent with the dictionary definition of "socialism." However, such developments are practically impossible, because of the degree to which the vast majority of people have been brainwashed to believe in bullshit, such as the bullshit use of the word "socialism."
Since the real world always actually operates according to the principles and methods of organized crime, whether we like it or not, promoting impossible ideals, in the form of every old-fashioned religion and ideology that I am aware of, always backfires and makes the opposite happen in the real world, which was the point, since those were always controlled opposition groups, while the real world continues to run according to the realities of organized crime.
IF there was genuine political progress, that would take enough people understanding the basic facts enough. However, that would mean the majority of people would stop believing in bullshit, and stop promoting impossible ideals of every kind, no matter what those happen to be mislabeled as.
Actually, my view is that our society is terminally sick and insane, because it is so totally dominated by organized crime and controlled opposition, that there are no ways to better balance the runaway systems of triumphant organized crime, pumping up their bullshit to utterly psychotic levels, where the bullshit loses contact with physical facts, because people deliberately deny and ignore the ways that there is nothing but organized lies operating robberies.
I did NOT grow up in "socialism!" I have grown up in the EXISTING system, which has NO good labels, but which may be called a runaway fascist plutocracy juggernaut, a fake democracy which depends upon a fake education, so that the enough of the people can be fooled enough of the time. I am living inside of a system of organized crime, which is being pumped up by science and technology to become runaway criminal insanities.
Called it years ago..if Greece is about to leave the EU the debt will be paid by central banks...end of story...it's gonna happen...the amount of money lost in the ponzi financial markets will make it seemingly worth the cost alone...and then all other nations will follow and what the contrive as a means of saving the Euro will be its downfall..it's inevitable..
Gold and silver is however not fiat nor printable.
Let the Senator payroll it with his own money, not mine.
that's right! pay it with your own money sanders - or get your wall st buddies who financed your campaign to chip in a few 100 billion you ass -
FUCK. Over the years I almost began to appreciate Sanders not because of his policies, but because of his integrity. Now he just shit in my mouth.
Funny how it always seems to go this way. Time after time the worst possible choices are made by those that know whats best. As if ol Burny was not aware of this stuff.
Must be a big Greek vote in Vermont.
Senator Sander’s. Before we bailout Eurotrash, you need to liquidate all of your personal asset’s to show good faith and trust. Inspiring honesty begins from your own net worth reprieves, say 70% initial with the 30% due in 90 days. How do you feel about those commercial terms? You know, helping out the European Union bailout. That’s your storyline.
Mexico got a bailout, why can't we help the Greeks. A half structured trilateral bond $150bn USA / €160bn Troika / Greek bank hair crewcuts
$150 billion is dog shit with flys hovering Obama during TOTUS speech. show us your link. Where did this loan originate?
Actually the way it should work in general,
from a steady state balance, all new units of growth have to me accompanied by new units of currency.
Free, usury free currency. If new currency is not created then new units of production cannot be consumed,
or are depleting stored labor, new units of growth then are decreased wealth unless the new currency was created.
then there is the question of getting the new units of currency to the right end user, which should and can
only be the source of the new units of production, labor and capital.
The monetary scam then is to prohibit new units of growth from getting to the creators which are labor
and capital, whereas capital is savings or stored labor, labor and capital are the same thing.
When the tv terrorists scammed the little piggies into hating capitalism, they scammed them into cannibalizing
themselves, cannibalizing labor, capital is just stored labor (savings).
When the new units
of currency can only be borrowed out at usury, by those with the top net worth credit lines, or friends of the oligarch.
That is the mass wealth transfer operation. Entropy has it that all units of creation eventually concentrate into one oligarch,
that would be the definition of satanism.
The fiat usury monetary system is satanism.
The correct answer then is not a bailout (loan) of greece but a gift of printed units of currency.
Starting there and continueing to all harvested creators of production, all harvested labor and all
harvested capital which is the definition of waste and fraud malinvestment occult taxation.
This is what Armstrong may mean by, they should have just printed the money and paid the peoples
taxes, because the W2 taxes defines the source of production and the source of capital in the same stroke.
See how they scammed the liberals into genocide. Its all the definition of natural law, counting.
The question, will Sanders be sucking on EU chicken bones? If he gets a turkey, he may make a wish during breaking the wishbone ceremony. Stupid cunts without a IQ.
This wouldn't come as a surprise at all. Imagine........all our doomsday discussions for the past few years regarding "grexit" gone in a blink of the eye with the stroke of a couple keyboard buttons that would transfer billions in digital zeros in submilli-seconds.
Also........if Grexit is going to be a disaster bet your ass they'll do it too. If they aren't already.
Obama has met his first budget target deadline. Process
How Does the Federal Government Create a Budget?There are five key steps in the federal budget process:
Without House approval, its dead in the water. FUCK OFF Obama!
It would give a nice kick to the markets though.
I think Greenspan is getting smarter after 19 years of covering the fraud within Central Banking. England is going back to Thatcher banking rules, while US is limiting banking competition to inflate Wall Street by complex regulations to manage higher shell game returns.
Off with his head!
I'm guessing this started last week with a deperate phone call from the Marionette Dragqueen to Yellen. Next thing, Obama is giving his support to Greece and Bernie gets the nod to float the idea to the markets. The EU can't afford to lose face and doesn't have any winning strategy, the US can't afford to let Russia or China bail out Greece.
So everyone gets to go home happy and stocks continue their inexorable rise. Just peachy.
Yellen doesn't like Rand Paul. Too much of rocking the boat. Mr Donald Trump, get your ass in gear. As a republican, no more Bush and no more Clinton. Enough damage has been done. We aren't a monarchy. Time for new blood, and not a nigger from Kenya.
Sanders is worried about the Nazi party getting control in the future. That party got fewer votes in this election than the previous one. Just a scare tactic. I think you are right about this though, Sanders is floating the idea to get the conversation started.
International socialists hate national socialists more than they hate capitalists.
Let the Russians bail out the Greeks, or vice versa?
USA is always 5 years behind City of London policy changes.
This dusty POS is just trying to prop up a socialism regime that is destined to fail. I love how he keeps saying "nazi" every other sentence. Fuck off Bernie you decrepit old statist.
Let Russia bail them out. I hate anti-competitive actions.
Fascists are so brazen the edifice will shake loose. They're going to need to come up with new institutions to come up with new lies and excuses.
Their excuses need excuses but their excuses ARE excuses for their excuses.
Fascism is now a self fulfilling system. I just can't imagine why people are needed anymore to service it. Is rubber in pulleys that important for the yachts fascists own?
My advise to Alexis Tsipras - stay away from open top limos.
Because ... why not?
Deeper in the rabbit hole we go. Add another star onto the spangled banner.
Amen. Why the fuck not? QE double down, QE triple down, QE forever down! is what I say. After all, the very idea of the Fed is to control and maintain. I say fuck it and let's see the paradigm shift.
I thought we were already bailing out Greece...
Chosenite Sanders is concerned about the chosenite created/owned EU and how the chosenites will lose their deathgrip control of non-chosenite Europe if they let Greece escape.
Crank up that chosenite woodchipper !
Money is not what most here believe it is. A few decades ago, money was physical coin and paper, basically instruments to be passed around so people could trade goods and services for them. That is why the current thinking is so wrong.
As ZH has often pointed out, it is the flow that is important. Now it is controlled through bytes and flow is measured and doled out. They are just starting to understand this. They couldn't do it in the past as the intruments were physical. Now issuing money in the form of computerized transactions really has little effect as long as the flow continues. Once it stops there will be major problems.
How else could the USA keep running budget deficits decade after decade, expand government and military, without hitting a wall? Money is an illusion today, an illusion most do not understand.
De Britse minister van Financiën, George Osborne, begint te beseffen dat het ParadigmaConflict tussen Griekenland en netwerk Junker door aandeelhouders van @GuusjA wordt gebruikt om het gedachtegoed van het GELD=ZUURSTOF-paradigma te promoten.
http://www.volkskrant.nl/dossier-schuldencrisis/minister-griekenland-kan...
De Europese leiders hebben van Tsipras nog steeds niet de juiste versie van het DAB-systeem gezien, maar volgens geruchten hoeven ze geen mildere versie van de plannen te verwachten. Londen maakt zich inmiddels grote zorgen, dat alle contracten die de financiële centra hebben met (rechts)personen ineens worden gezien als onderdeel van een criminele organisatie. De Britse premier David Cameron had gisteren al topoverleg in Londen over wat te doen als Griekenland ineens met de 'Logica van de 1' op de proppen komt als fundament voor de nieuwe wereldorde.
Coalitiepartner Panos Kammenos (die eind januari minister van Defensie in Griekenland is geworden) begint al te waarheiddelen met de VS, Rusland en China over de volgende stappen in de 3e SpinozaGolf.
http://www.volkskrant.nl/buitenland/obama-overweegt-wapenleveranties-oek...
De VS zullen alle opties opnieuw gaan bekijken, om de regie in de 3e SpinozaGolf terug te krijgen. Inclusief leveranties van defensieve wapens aan de Oekraïne. Deze woorden van president Obama (tijdens een persconferentie in het Witte Huis met de Duitse bondskanselier Merkel) is de code voor netwerk @SuperWil om ...?!???
http://www.nrc.nl/nieuws/2015/02/10/president-syrie-wij-krijgen-informat...
Zelfs de president van Syrië krijgt voorkennis over ...?!?!?
I have a question. The British came over to invade our 13 colonies over taxation. We won. If we use IRA tactics to invade Downing street, how would that be any different in attacking our 13 colonies? US Constitutional law?
I love British people. The best humor on the face of this globe. Let’s focus on central planning maggots. We can respect each other and take out the twats in one sweep. Don’t forget Brussels. The core problem in why not too many join the EU. Let those fuckers die, real estate will become cheap. Winks.
Kill your ex-friends to make your enemies stronger.
Now you sound Oligarch style paranoid thru looking at the void.
On the Titanic its called scuttling the ship. The enemy there is the Big white one, who has torn the hull beyond redemption.
City twats are now irrelevant as the debt plague is magnitudes larger than shitty City.
Just look at HSBC in Swiss and that is JUST ONE BANK in the stellar constellation of fiat crapolia feeding the illusion of wealth inequality à la Piketty.
Its financial Ebola, only worse, 'cos its AIRBORNE, and now its not only spread by private banks as in 1990-2007 "pumped on steroids" period--with the help of Greenspan's ZIRP--, but by the state CBs, since post Lehman bail-out, and with what a tsunami vengeance by Helicopter Ben!
Super Steroids for everyone in Oligarchy Disneyland.
You don't stop the financial plague by killing a host in City.
You have to kill the whole tribe, or let them die like on the Titanic.
Who survives is then a question of global resonance on the Bridge of Sighs, attacked by the waters of Venice high tide.
Hats off to the Greeks and the ECB --- they both know that someone has to step up otherwise the world collapses....
So they will just wait for the Fed to jump in and kick the can a little further
Well played!
Please don't carpet bomb Greece with more money!
Bailouts or more debt are not the answer. Both Tsirpas and Varoufakis already made that pretty clear.
Is there no vision at all for the future of the financial system? No new ideas or any fresh concepts other than riding that shitty debt and ponzi train where 1% enjoy the lavish space of 99% of the compartments and the 99% ride like cattle or worse, under the floors?
GIVE US SOMETHING NEW! FUCK THE STATUS QUO!
Maybe Socialists dont run out of other peoples money. STATIST Sanders is highly prized among wealthy environmentaliststs especially the Sierra Club and is generously blessed by them. Vermonters, how could you do this? No God No Peace. Know God Know Peace.
Socialist bankers demand bailouts.
Socialist Syriza doesn't want a bailout.
His logic gives a lot of sense. EU is a US colony, hence US has to take care and don't let it's slaves starve&die.
Socialist bankers demand bailouts.
Socialist Syriza doesn't want a bailout.
Syriza know the bailouts just go to banks and the people have to pay the money back.
The FEDs stance indicates they know something we don't know, like the dangerous position taken in the quadrillion dollar derivatives market perhaps?
In 2008 a collapse in small sector of the US housing market (sub-prime) was turned into a financial catastrophe by the financial house of cards stacked on top of sub-prime.
The FED is indicating Greece is the same.
The Euro-zone is not worried about Greece but is unaware of the financial house of cards stacked on top by Wall Street.
I am sure all European bank bailouts are about the preservation of the derivatives web spun by Wall Street.
Syriza's financial minister on the Greek bailouts that go to bankers:
https://www.youtube.com/watch?v=pwAClUrhrek
We want to give Greece another loan (bailout) even though they don't want it.
With the world saturated in debt, it is time to realise that banks are a one trick pony.
They issue loans (debt) and collect interest on these loans (debt).
For a company that produces real products, like Apple, once the market is saturated with the iPhone 5, you bring out the iPhone 6 and the whole cycle starts again.
In a world saturated with Debt 1, the banks need to come up with a new product, Debt 2.
I don’t think it exists.
This is the most ridiculous article I have seen since Feb 12 2007. The US cannot afford to bail out a rowing boat....the insanity and the hubris of this individual and his deluded understanding of the worthless IOU petroscrip paper in his wallet.
Have you not been paying attention over these last 7 years. We the US taxpayers have been given the gift of $23 trillion worth of bad private debt. That debt is now our responsibility. Bad, bullshit private debt heaped on the public balance sheet. Now there is some socialism for you.
Hey maybe they can do it via Belgium.
IF I was a US tax payer I would be furious at the suggestion of bailing out (or in) anyone outside of the US.
Makes you wonder if Russia's suggestion of assistance and talk of pipelines has them ' concerned '.
It is not a mere suggestion of US taxpayers bailing out anyone outside of the U.S. That horse left the barn a longtime ago. The entire European banking system is being propped up by regular U.S. folks. Of course, their wages, pensions and other savings are being destroyed in the process.
we bailed out some folks
now you know why America is BROKE! Its pathetic senators like this that promote the unsustainable. Actually he's promoting the Unipolar world.
yeah . . . Bernie ...kick the can down the road ...one more mile...
you can't even fix soc. security . . . Dept. of Energy . . . etc...
In the logic of central banking, the Federal Reserve, Wall Street, and the Wisdom of Bailouts a la 2008-2010, the idea of having the Federal Reserve bail out Greece makes perfect sense.
Consider:
1. It would cost the Federal Reserve virtually nothing to give Greece $300 Billion since the Fed creates currency out of thin air on a computer keyboard;
2. Bailing out irresponsible debtors is quite within the usual practice of central banking;
3. To balance its books, the Fed could accept some new bonds from Greece, perhaps "ZIRP TO INFINITY" Bonds which will not impose any financial burden on the Greek people suffering under austerity, or even "NIRP TO INFINITY" Bonds which would provide some return to the struggling Greeks as long as they left the bonds unpaid;
3. The financial mess of the European Union is a threat to the stability of the financial mess, er, I mean the stability of the financial system of the EU and USA.
4. The EU nations are reliable allies of the USA in NATO, and operate under the same international banking umbrella that so benignly looks after the financial affairs of the Western world;
5. In particular, if Greece defaults on its debts (i.e. fails to roll over each bond issue as it comes due), that will count as an event of default on untold amounts in derivatives, and could cause immense damage to counterparties. If the likes of Goldman Sachs and JP Morgan are holding large counterparty positions, they might need another Fed bailout in an amount exceeding $300 Billion;
6. Bankers could earn large fees handling the bailout of Greece, which will go a long way to help fund the campaign expenses of many politicians, thus keeping democracy healthy and vibrant; and
7. Some pundits have stated that the Federal Reserve traded $70 Trillion in US Dollars for Euros in 2010 to keep the European banks afloat and to allow them to pay USD-denominated obligations. If the Fed is still holding large amounts of Euros, and if a Greek default causes the value of the Euro to fall, the losses on the Fed's balance sheet might result in the reduction of bonuses paid to some bankers, reducing the income taxes payable to the US government (and also endangering the ability of bankers to fund campaign expenses).
All the above points set out a convincing case in favor of bailing out Greece, don't they? Don't they? Um. Er......
Just wait until Obama announces his plan to bail out Greece. Then the true wisdom of the plan will be revealed.
Or Super Mario Draghi and Angles Merkel will announce a made in Europe bailout plan for Greece this week, as they grit their teeth and try to convince the rest of the PIIGS that Greece is no better off with new bailout terms and is better off staying in the EU and Euro. I'm sure fresh lipstick is going to be a big part of any offer to Greece.
Greek Weekend at Bernies'
"does it really matter if the Fed spends what amounts to one daily POMO amount to save some 11 million Greeks?"
Of course it matters. Bailouts for for Banksters, bailins are for ordinary folks. Bailing out ordinary folks would rupture the entire fabric of the economiverse.
What race is he?
Just listen to him for 5 seconds.
After reading a lot of ZeroHedgers, I came to the conclusion that, NOBODY LOOKED AT THE MAP of Greece. If Russia gets a Base in Cyprus AND Greece, the Middle East is Closed by the Russians. A string of S300 , S400 (I won't bring the latest S500) Batteries, what will the picture look like in the East Med?
As for the Moskva Air Craft Carrier killer will just have NOT just warm port but the best resort to bathe in their white arses.
Screw Europe. Let Putin have it
What - we've run out of profligate scumbags in the US and we now have to go abroad to find them?
This guy is nuts!
I have been thinking in what way TPTB might extend the illusion even farther. The only thing I can come up with is, destroy all fiat but the dollar, and convert the world to the dollar. TPTB that controlls fiat, are the same thoughout the world. They mostly don't really give a damn how the illusion is extended, but only that it is extended. IMO, this is happening now.
Change the article title to Bernie Sanders Spoke, so I wouldnt have decided to click.
Ignore everything else he said, his slam go Greenspam was worth the price of admission.
peak meshugga
Bernie is just trying to show his support of the socialist party. Having them go down in flames kinda gives socialism a bad name.