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Like the Teletubies would say: OH OH!!
which US bank has the most exposure to cypress. I'm in the mood to pound the bid.
End of the world Bitchez!
get your BOB's ready and your AR's loaded!
Oh Hell yeah... double taps galore coming to a street near you soon... Bring on the socialist-zombie-hooligans!!
Mining shares fully decoupled and now moving north... Winning!!
Well, Greece is mostly affected to Cypriotic banks and they'll crash because of it and that means Germany will go into sewer territory soon and that will pull the rest of Europe down and that will trash every American bank.
Europe is still in full melt down,,,, with depositors steadily pulling funds from the banks.
Here's my speculation. Humongous Bank and Broker has figured out that:
- The Europe debt bubble is collapsing now - ahead of the US.
- That most of Asia is incapable of survival without massive natural resource imports (including food) which they are paying for via an export business to the developed world.
- The economies of the developed world are going to shrink with fiscal austerity.
- One of the few countries with a population/resource balance (ie, it can more or less sustain itself without global trade) is the US.
- The largest military in the history of the world is the US.
Hence, when the dust (literally) settles the US is going to be basically OK while the Rest-of-World is going to be a bit of a (shall we say) 'disorganized' mess.
This is the only scenario that (to me) explains the re-election of the president and action in the credit/PM markets.
Economic DEFCON 2 eminent any day now.
Pay attention to
Europe has had its shares of revolutions, turmoil, war, widespread misery but also RECOVERY.
In that sense, I dare you to think that America will be able to recover sooner if at all.
Europe will NOT disband. Europe will emerge stronger and more coordinated. The sentiment that created the EU for 50 years now with open borders between nations that had been at war not too long ago, and finally a common currency is the still the same sentiment that will see Europe through this as well.
America can't even open a border to Canada which it fought with side by side in WW2! Americans and Canadians share an international border for fucks sake. You have to travel alot in Europe to find an international border anymore.
The US needs to loose its reserve currency status and the Fed needs to be blown up. Plain and simple.
The common thought pattern is that Germany will pull out and leave the rest in some pretty deep shit. Its just a matter of how much shit Germany is willing to eat before it happens, but it WILL happen.
I'll need to think about your comment... Are you in Europe? Is this a 'my dad can beat up your dad' thing?
What's cypress GDP like 22 bil?
Yes, and their banks carry like 140 billion in debt or so :)
Can you see the problem now?
Please don't blow up so fast, i haven't even seen your Euro coins yet.
Here you go:
That reminds me SD by now we need a fitting acronym for the broken Euro core.
BENEFRA-G ? G for Germany last not least.
And for my American friends :
Who cares about Cyprus?
It would make a nice Med naval base for the Russians. Deal: 100 years or the end of the world, whatever comes first.
Turkey might have something to say about that. half the island is theirs and they already have bases there.
"ATHENS - It has been more than 50 years since the sophisticated surveillance equipment sitting atop Mount Troodos - the highest point on Cyprus - began scouring the airwaves across the Middle East, the Caucasus and Central Asia. Tirelessly, the huge dishes and antennas of the secret base have scanned electronic and radio signals, intercepting commercial, diplomatic and military communications wherever the West maintains interests.
"In some American facilities in Nicosia - such as the yard of the United States Embassy in Lefkosia and what you might call the agricultural center on the hill - you see some very weird antennas," said an Athens-based strategic analyst speaking to Asia Times Online on condition of anonymity. "They are used for tactical intelligence, monitoring Arab radio broadcasts and then transcribing and translating them for policymakers in Washington." - ATimes 2004
Really? Cyprus? Who gives a care. France AAA has been confirmed.
Tell us when the munis and states start sliding into the abyss.
Right about... NOW!
The Russian mob, that's who. Their assets just took a major hit. Any guesses what happens next?
Could be a double whammo for Israel together with the USA downgrade...
Apparently the ratings agencies have declared War on sovereign nations and other units of government all the way down to the smallest muni's.
When are they going to downgrade the transnational corporates who depend on those nations for their survival . . . on top of Mark to Myth (which include those very same government debts)?
It's all just Greece writ large, imo. Good luck with that global austerity campaign, bitches. This will lead to more than haircuts . . .
They didn't upgrade USA to AAAAA at the same time. How unjust. /sarc off
The US will be the last one standing. First the EU goes down, then China - buy American: http://garereport.blogspot.com/?spref=fb
I am The Chief
everyone at the rating agencies are now working overtime and getting paid time-and-a-half. ah, these are their halcyon days that they can tell their grandchildren about.
by the way, who DOES pay the rating agencies? hmmm...
Soon rating agencies will have nobody left to downgrade but each other, just like when every country melts down
Hits.....how fitting....Cyprus Hill hits from da...
"So you wanna be a rock superstar....and live large, a big house...five cars..."
HAPPY FOURTH OF JULY!!! HAPPY INDEPENDENCE DAY!!!! GOLD AT 1776!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Dang! Shits happening so fast I only have time to read the headlines!
Person getting the last cash out of the bank please burn it down.
How long can it before corporations start creating their own armies?
Or their own asset backed currencies? If Apple issued notes against ipads (and warehoused a large percentage of future generation ipads), every other currency in the world would crumble.
Ratings agencies are a whole lot cheaper. And, c'mon, who do you think national armies fight for? Doh!
Economic hit men: http://www.youtube.com/watch?v=n7Fzm1hEiDQ&feature=player_embedded
Gold at 1776. Revolution, bitchez!
how much debt does China hold in the EU--anyone ??
I would invite Sudden to America but....we are next in the carnage. Besides, I bet he has a nice apt. in Europe.
And, maybe Tyler can lead us in a song. That always helps.
I said real troubles would start in Cyprus (!) Victory lap.
Be careful with those victory laps CE, last time I did one, I fell off my bar stool.
Of all the places to get hit - Cypress? This is no coincidence. The Brits and Israeli's really use Cypress when operating in the Med. Just more pressure to cordon Syria and Libya and get higher prices for all that new infrastructure. Maybe its an exchange - trade hurting Cypress for Turkiye humanitarian incursion into Syria.
September is going to be a busy month.
Also in the hits keep coming category...
Creditanstalt --> Cypustalt
off topic but gold @ +1776! Patriotic price level
Gold Revolution, Bitchez!!!
Not for long...the milestones will keep on coming
Of note, a big milestone: Gold crossed platinum for the first time this week
I swear, listening to the anal cysts on FBN and Blowhorn I have been led to believe that these idiots would say we are in a buying oppertunity even if there were 20 ICBMs in the atmosphere headed our way.
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