Australian Banks Given One Week To Prepare For European "Meltdown"

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Thu, 12/15/2011 - 16:22 | 1984566 mayhem_korner
mayhem_korner's picture

 

 

Well, it's more notice than you get with incoming ICBMs.

Thu, 12/15/2011 - 16:36 | 1984634 SHEEPFUKKER
SHEEPFUKKER's picture

Fuck mate. Throw another vampire squid on the barbie. 

Thu, 12/15/2011 - 17:30 | 1984941 gojam
gojam's picture

Lots of European Bank Holidays coming up and every household will be provisioned to the hilt.

Maybe Santa will give Deutsche Marks to Hans this Christmas ??

Thu, 12/15/2011 - 17:48 | 1985065 PY-129-20
PY-129-20's picture

I am not Hans, but I would welcome him. I still have Deutsche Mark - paper and coin. Unfortunately, it was not unusually for the generation of my father and grandfather to change the currency more frequently. That and the hyperinflation may be the reason why my family always invested into Gold and Silver. Having said that, the Deutsche Mark was a stable and good currency.

 

Thu, 12/15/2011 - 20:00 | 1985546 Ahmeexnal
Ahmeexnal's picture

Yet Australian MSM reports nothing of this, nor of any problems with their economy. The Oz sheeple are being led to the slaughter.

Thu, 12/15/2011 - 21:41 | 1985768 Wolf-Avatar
Wolf-Avatar's picture

Ahmeexnal, Not all of us are sheep being led to the slaughter ... some of us are on here getting our warnings before others.  :-)

Thu, 12/15/2011 - 21:56 | 1985805 Ahmeexnal
Ahmeexnal's picture

Good to know some are aware.

Now turn up that AC/DC !

ANGUS YOUNG RULES!

Fri, 12/16/2011 - 03:34 | 1986222 Mauibrad
Mauibrad's picture

Damn, and I thought Aussie was a true AAA.  Notice the Bloomberg article compared the Euro debt held by Aussie banks to their ASSETS, not their CAPITAL.  

Thu, 12/15/2011 - 18:44 | 1985285 tooktheredpill
tooktheredpill's picture

vampire squid - thats gold.

Thu, 12/15/2011 - 23:02 | 1985903 WhatCouldGoWrong
WhatCouldGoWrong's picture

Usually don't laugh out loud when reading ZH, but the picture of V squid sizzleing on the grill did it. Well played, mate!

Fri, 12/16/2011 - 00:26 | 1986024 merizobeach
merizobeach's picture

"Usually don't..."  You don't?!  Bro, I come here not just for my first source of information, but pretty much everyday something makes me laugh out loud!  Today's been good so far; the first two comments on this one both cracked me up.

Fri, 12/16/2011 - 02:22 | 1986162 chipshot
chipshot's picture

I HOPE ALL YOU PLEBS ARE ITCHING FOR A FIGHT...TPTB AND THE NWO  WANT YOU TO GO POSTAL....TAKE OUT A POLI OR TWO AND MEET YOU 9MM VS 9MM THEY WANT YOU PISSED. WHAT MORE MUST THEY DO? STEAL YOUR HOME, YOUR SSN FUNDS ,YOUR JOB, YOUR SAVINGS,YOUR 401K ,HYPER INFLATE YOUR FOOD COSTS, MEDICAL COSTS, EDUCATION COSTS , DUMB YOUR KIDS DOWN TO F-TARDS IN SCHOOL, STOP DOMESTIC ENERGY ... ALL DONE....YES  ITS ALL THERE FOR YOU TO SEE AND GO BALLISTIC ABOUT. OATHKEEPERS ,CITIZEN PATRIOTS, MILITIAS OF MANY ILK,  FREE MARKET CAPITALIST, BIBLE THUMPERS ,2ND AMENDERS AND 10TH AMENDERS  THEY ARE FLIPPING YOU THE BIRD AND DESTROYING YOUR FUTURE---- DEBT SLAVE POLICE STATE IS THEIR PLAN FOR YOU ...DO YOU AGREE??!!??.......GOT MY POPCORN AND MY  A.K. JUST WAITING FOR THE GO AHEAD.....

Thu, 12/15/2011 - 17:04 | 1984776 whatsinaname
whatsinaname's picture

Wasnt today when the US debt/GDP crosses 100% ?

Thu, 12/15/2011 - 18:20 | 1985192 mayhem_korner
mayhem_korner's picture

 

 

Fake Philly Fed report prolly goosed the fake GDP number and pushed the crossover 'til New Year's.

Thu, 12/15/2011 - 17:05 | 1984788 RMolineaux
RMolineaux's picture

IMO, Japanese style, we will continue to scramble and find mitigating measures, so that we will not have a sudden burst, but a gradual deflation of the balloon.  These measures will not, of course, prevent the process of collapse, but only slow it down.

What is interesting about the US situation is that the political "leadership" is simply and honestly totally clueless about what is happening, and continue to kiss the ass of the Wall Street greed platoon.

Thu, 12/15/2011 - 17:24 | 1984909 i_call_you_my_base
i_call_you_my_base's picture

I don't think they are clueless. I think it works to their advantage if people believe they are clueless. People are more likely to string up the sinister than the clueless.

Just to be more clear, I think there was a time that they were clueless, but that was about five years ago. Most things now are orchestrated, IMO.

Fri, 12/16/2011 - 00:43 | 1986045 Uchtdorf
Uchtdorf's picture

Nah, ever since the days of Alexander Hamilton, and if you don't like that, since the days when those honorable chaps got on board a luxury railcar to go to Jekyl Island they haven't been clueless. Our current conditions have been in the works for 100+ years. Got to give credit to the Founding Fathers for the strength of the country and the Constitution for holding back these evil men for so long. But now the gig is just about up. Will the tree of liberty be watered again soon with the blood of tyrants and patriots? Enough of just the innocents dying.

Thu, 12/15/2011 - 19:07 | 1985360 Cole Younger
Cole Younger's picture

I would much rather see it fast and hard so we can see Wall St. bankers jumping from sky scapers...It would just be more entertaining IMHO...

Thu, 12/15/2011 - 17:05 | 1984789 RMolineaux
RMolineaux's picture

IMO, Japanese style, we will continue to scramble and find mitigating measures, so that we will not have a sudden burst, but a gradual deflation of the balloon.  These measures will not, of course, prevent the process of collapse, but only slow it down.

What is interesting about the US situation is that the political "leadership" is simply and honestly totally clueless about what is happening, and continue to kiss the ass of the Wall Street greed platoon.

Thu, 12/15/2011 - 17:07 | 1984799 Uber Vandal
Uber Vandal's picture

I'm going to sing the Doom song now...

Doom doom doomity doom doom DOOOOOM!


Thu, 12/15/2011 - 17:11 | 1984820 Banksters
Banksters's picture

Is this bullish? BITCHEZZZZZ

 

Cheers!

Thu, 12/15/2011 - 19:33 | 1985444 Thunder_Downunder
Thunder_Downunder's picture

Whhhhhoooooooossshhh!

 

Swan: Crickey, what was that? Smells like burning hair!

Moodys: Your AAA credit rating...

Swan: Strewth mate! We only just got it polished!

Fri, 12/16/2011 - 06:02 | 1986282 Element
Element's picture

Been an Aussie all my life and I don't remember ever hearing anyone use those words, crickey or strewth, in common usage, anywhere.

In fact, if you did use them in a conversation, as though they were commonly-used words, people would look at each other, and tend to move away from you, assuming you were a bit of a boofhead.

Fri, 12/16/2011 - 06:24 | 1986294 BigDuke6
BigDuke6's picture

i don't think we have to worry,

we have this amazing treasurer called Wayne Swon.

He got a prize from the banking cartel saying he was the best treasurer in the world.

so why worry....

we're cool.... totally.

:/

Fri, 12/16/2011 - 06:46 | 1986307 Element
Element's picture

You must believe in the grey swann, he will protect us and kiss it all better, and provide copious tax funded depository bailouts for the truely needy running the best financial institutions on earth.

He's on our side digger - and I feel a whole lot better about that!  |:-0

Fri, 12/16/2011 - 06:58 | 1986318 BigDuke6
BigDuke6's picture

She'll be apples mate.... god help us.

hey i replied to a post of yours below - hope you get a chance to check it.

Fri, 12/16/2011 - 08:25 | 1986381 Element
Element's picture

I was going to be working over Christmas ... if this article is on the money I may not have to ... may not be able to ... there is an upside ...

Fri, 12/16/2011 - 11:32 | 1986849 Winston Smith 2009
Winston Smith 2009's picture

"Well, it's more notice than you get with incoming ICBMs."

Speaking of incoming ICBMs:

http://www.youtube.com/watch?v=4ZBRc0VtRiQ

Thu, 12/15/2011 - 16:22 | 1984572 machineh
machineh's picture

No worries ... the US has a high-tech nationwide alert system.

When your phone starts buzzing, hit the ATM and then take cover.

Thu, 12/15/2011 - 16:31 | 1984616 Muddy1
Muddy1's picture

ROFLMAO

 

 

Oh, better go to the bank right now........

Thu, 12/15/2011 - 17:21 | 1984875 Captain Benny
Captain Benny's picture

Make sure to give them a phone call in advance to have cash on hand or they'll refuse you service for large amounts.  Bank run bitches

Thu, 12/15/2011 - 16:46 | 1984681 fonzanoon
fonzanoon's picture

I would like to think the markets are forward thinking. If they knew something was going to happen a week from now they would react now.

Thu, 12/15/2011 - 16:49 | 1984694 CrockettAlmanac.com
CrockettAlmanac.com's picture

You're right. If such a meltdown were expected the stock market would stage a spectacular rally.

Thu, 12/15/2011 - 16:57 | 1984745 machineh
machineh's picture

Mwa ha ha ha -- the 'cash on the sidelines' rally, as gas, food, ice and beer are bought with reckless abandon.

Econ 101, biTcheZ!

Thu, 12/15/2011 - 16:52 | 1984715 Oh regional Indian
Oh regional Indian's picture

Perhaps the reason the markets are irrational seeming is because they are truely in the moment. 

They reflect the perfect balance of want, need, greed and oversight or lack there-of at any given instance.

Th edistortions are ours. as is the irrationality.

ori

/this-that-and-the-4th-reich/

Thu, 12/15/2011 - 23:27 | 1985940 DollarMenu
DollarMenu's picture

Given the players and all their tools, things are where and what they are because they couldn't be anything else?

Thu, 12/15/2011 - 23:45 | 1985974 Oh regional Indian
Oh regional Indian's picture

Exactamente!

ori

Thu, 12/15/2011 - 16:23 | 1984575 Captain Benny
Captain Benny's picture

Guns, Gold, and Girls... having the SHTF doesn't sound to bad if you're prepared.  Sounds like EURUSD might go to 1.20 real quick.

Thu, 12/15/2011 - 16:33 | 1984621 sabra1
sabra1's picture

Aaaah! the 3G network!

Thu, 12/15/2011 - 17:01 | 1984763 machineh
machineh's picture

Upgrade to 4G, my man -- Guns, Gold, Girls and Ganja!

Thu, 12/15/2011 - 17:22 | 1984886 Captain Benny
Captain Benny's picture

All four have been illegal in some form or another ... TBTB obviously fear one of the 4Gs... I wonder which is most dangerous.  I tend to think women.

Thu, 12/15/2011 - 18:41 | 1985275 TuesdayBen
TuesdayBen's picture

I vote for gold as most dangerous.

Half the world - the women -clamor for it.

Guns used to get your gold.

And gold buys all the ganja one could ever want.

Thu, 12/15/2011 - 20:57 | 1985675 BurningFuld
BurningFuld's picture

Not so fast there Whimpy we got some pretty spensive ganja here.

Fri, 12/16/2011 - 06:06 | 1986285 Element
Element's picture

Ganja just makes you loose your aim, and forget to reload, while thinking deep and stirring thoughts about stuff you realise doesn't matter, if you can even remember it, once you aren't bent any more.

Fri, 12/16/2011 - 06:28 | 1986298 BigDuke6
BigDuke6's picture

Yep and aussie ganja is up with the best.

takes away the pain of trying to figure it all out.

Fri, 12/16/2011 - 06:38 | 1986304 Element
Element's picture

Yani (as the Abo's call it) is old-school.  Over the last ten years, more and more its speed and synthetic party-drug muck mixed with energy drinks and hard spirits. And it's number one characteristic is to turn polite and sociable people into destructive and self-destructive arseholes who spread misery everywhere.

I'm not a fan of any of it.

Thu, 12/15/2011 - 16:33 | 1984622 Muddy1
Muddy1's picture

If so, can I take my girls to Europe for a vacay?  I hate to leave my guns at home.

Thu, 12/15/2011 - 16:41 | 1984659 Abitdodgie
Abitdodgie's picture

 Sorry girly guns a no no in EuropeI will look after your guns n gold while you are away.

Thu, 12/15/2011 - 16:51 | 1984704 CrockettAlmanac.com
CrockettAlmanac.com's picture

Guns and gold can be used to preserve your wealth and freedom. Girls, not so much.

Thu, 12/15/2011 - 17:02 | 1984767 MaggieL
MaggieL's picture

Some of us girls have our own guns...

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