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I know some don't like cursing. But you know what? Mother fucking sick and tired of this shit. These assholes will rob, rob, rob from the poor and middle class until they are inflated out of their life savings.
Fuck Bernake. Fuck Geithner, and then fuck Geithner again. Fuck Trichet, Drahgi, Van Rompoy, Barraso, and all the rest of these EU mother fuckers, they are as bad as the United States, and that is bad. Fuck them all.
If Dante Alighieri were alive today and writing his Divine Comedy (although I would suggest a retitling, to The Diabolical Tragedy), he would have to invent several new and deeper circles of Hell to house these malicious, malevolent, sociopathic monsters.
Fiat toilet paper/digital binary streams, to infinity and beyond!
Buckle up, buttercups, because the EU has only two options at this point (and I say that HOPING someone can prove me wrong when making the following assertion, which I've been asserting for at least 3 months):
The EU can either:
1) Wind up the EU, essentially declaring it a failed project, given the massive cultural and economic disparities between its very disparate members, and initiate an orderly shutting down of the ECB, allowing most or all of the former EU member states to return to their former currencies (with maybe a core block of SOLVENT EU countries remaining, such as Germany, Belgium, etc.);
2) Have the ECB, directly and indirectly, print an amount of EUR so large that it will make The Bernank look like an amateur, as that's the only way to service the interest payments, let alone satisfy (nominally) the amount of sovereign debt EU members now owe, without technically defaulting, while also allowing EU private, quasi-private and nationalized banks to be recapitalized.
Choice 1 above means pain, but is the far better option, as it will allow for a cure for the underlying disease, and the reinitiation of organic, sustainable economic growth in Europe once again, whether 4 years or 7 years from now, once the smoke clears.
Choice 2 above means pain, as prices of everything needed to live absolutely skyrocket for Europeans, including those who live in nations that have been relatively responsible, such as Germany (common currencies loss of purchasing power will not discriminate).
I'd love to hear a third option, that doesn't involve some type of intra-European or global war.
Ugh, don't our investments over there get screwed too if the EUR goes to zero like?
U.S. banks, and the too-big-to-fails (aka owners of our politicians) will get monkeyhammered in either event. But the U.S. average investor and taxpayer is worse off if option 1 is implemented, IMO, and by a wide margin.
I forgot to add this:
We're about to find out how sedated and sheeple-ized Germans have become, or whether they are still capable of rejecting insanity, and re-declaring their sovereign right to be free of the external costs, that will inevitably sink their standards of living, economy and put massive amounts of debt on many generations of their children, all in what will be a failed, kick-the-can exercise at any rate, as the same process will have to be repeated given that PIIGS+France won't reform their ways if option number 2 above is implemented.
Don't worry, everything will be fine. CERN is harnessing the power of the Large Hadron Collider to genetically engineer flying unicorns that eat fiat currency and shit solid gold nuggets. Everyone on the planet will be RICH RICH RICH!!!1!11!!
bernanke and the Jewish banking cartel can call the new currency
or Beast Obedience Credits, because that's what this new IMF currency will actually be. This is definitely where it's going because the plan was recently endorsed by the Vatican.
All countries can buy CDS on themselves (and everyone else too) and then when everything goes to shit we'll all be rich! yippee!
I agree with your sentiments, but I think there is a third, obvious alternative: All the countries need to live within their means. Simple common sense that is applied to an individual and family budget ought to be enforced at a national level too. But I know what the response to this suggestion will be: The politicos and the citizens will not / cannot face the pain that this 'living within means' entails, so therefore the slow motion train wreck will continue until everything blows up.
Would a family be living within it's means if it could just print money out of thin air? I highly doubt it. Fiat does not work. Central planning does not work. And will never work.
Individual families living within their means would mean that our masters won't get a larger slice of pie.
Are you a terrorist?
is that there are many possible responses, but no solutions.
#3 do nothing as has the us and japan and just go on living out your life with a few more days of rain
#4 do something like turn back the clock and say no to 'more'---become a minimalist/conservationist society
#5(silly) strap yourself to a windmill and each day as it turns the world changes before your very eyes giving you a new look at every turn
#991 love each and every minute of your life like there is no tomorrow
Hey Truth----this is not that serious and you are a much lighter dude than this---I trust you are OK with me playing a bit om
The red pill perspective can be a real downer sometimes. I look around me wondering "Do these people even know what is coming?". Yet as the can continues to be kicked with massive money printing, bailouts, bankruptcies, etc.... The majority of people talk about X Factor, the latest celebrity divorce or other crap tweeted stories of the day. The stock market goes up a little or down a little, unemployment stays steady, food stamp usage continues upward, cities file for bankruptcy, and retailers hope for good holiday sales...... The "Matrix" continues to deceive the majority of people into thinking that everything will work itself out.
Default, or print, which is default by another name. Same choice we have here in the US since we will not be able to repay the debt. One option hurts the banksters directly, the other spreads the cost over everyone that owns dollars.
Not too long ago I decided that after all was said and done they would eventually have to print and have placed my bets accordingly. For some reason I expect them to print and print massively come January 2012.
Try the Serego Alighieri, Amarone "Vigna Armaron" someday, it is made by Dante's ancestors (well, they own the vineyard, Masi makes the wine for them).
Turtleheading in Satan's asshole.
And Dante would have his hands full at that !
Look, I can tell you're kinda upset. But think of it this way. They truly believe fiat is unarguably inherently useful in that no matter what its ultimate perceived value at any given moment by anyone or anything you can at least always wipe your ass with it. Try that with gold.
I mean they do have a fecally valid point there ya know.
How would you say that if you DID like cursing? I'm all (red) ears..
It is true what you say.
But, maybe that is what we 'poor and middle class' are here for------to feed the 1%.
I don't have any idea of how much they will get out of you, but I'm not much of a prize; I don't have a thing to lose, anyway. The plan has always been as you suggest---this is the reason the system works so well for some; they make the rules and have the money and power. If you are not OK with this, then I will give you the same advice I was given so freely: 'Love it or leave it". I left, but I may return to live out the rest of my life here just to see how much shit americans can eat.
You are a sharcropper here, my friend, but I only rose to the rank of serf from the lowly slave form I began life with, so I look up to my betters, like yourself and do not believe that a person of your status should use such language in public. You are middle class, no? or maybe you have a college degree?
My suggestion is that we take a couple of weeks vacation or sick leave--------------------oh, I forgot---credit cards, house payments, car loans, health insurance, retirement plans-----no, my dream non-violent revolution will not work here--we like what we have too much to sacrifice it for freedom
I'm stuck now, I thought I had a way out of this, but we are too wealthy for revolution----wrong country, I suppose
Well, pay no attention to this comment---just an oldman's nonsense om
This is truly diabolical it truly is. This might have been the plan all along, they can't or won't fund it themselves because essentially much of their banks are broke or insolvent along with the countries. They are trying to find a way for the US to bail them out without the US bailing them out and being caught doing it.
If I could create a system that could systemically siphon off 80% of the worlds wealth for myself and maintain it that way, I would have an Global Central Banking Cartel like structure.
Is the Congress of the USA actually on board with voting on and appropriating the the money for this deal?
Who are the congress critters who will vote yes to fund this scam to steel even more of the peoples money? I want names.
You've got to give it to G. Papandreou for looks. He's the best looking character in the bunch at the G-20 in kick the Cannes.
He almost looks like Jean-Luc Picard.
CNBC World should go down this year 2011 as the Pulitzer Prizer Winner in reporting geo political world events Reasonably.
Steve Sedgwik is the man.
We voted in the clowns who gave the financial lobby all the power. We cheered when the banks fed us cheap loans to buy one more thing we really didn't need. We were joyful when politicans built social webs for us that were built on nothing but naive dreams.
Democracy is pathetic when people are suffering from narrow framing as well as an overdose of complacency. Fat and happy, yeap, thats us. We will sit back and enjoy the ride until we don't enjoy it any more. What is happening now is our reward. It is a democratic consequence.
If we all are to get a change to the said abuse of the 1% we need to utilize all the good aspects in democracy. Grassroot movements (herballife style), well defined goals, well defined regulatory ideas, structure and morale. We also need to find some nice poster boys and girls for selling these ideas to the mainstream. I suspect such a task will be tough, after all it is more comfortable sitting at home pumping the apple laptop for porn, chatting on skype and watching the latest tv-series on our 50" screen. Gaining freedom never was comfortable and I doubt we as a people have the courage to even try to change the world. EVEN IF we would get this far, convincing the mainstream about the tightening of the belt vs the financial lobby candidates with 100s of millions in campaign budgets promising you greener grass will be a hard sell, if not an impossible one.
Tough times require tough people. Invest well and good luck!
How can they refuse?
Take note ZH'ers. I am not the LongBalls short brains. No offense. :)
Damn I was hoping that avatar was gone. So offside LB and who was the fartacus holding the nikon
Well, a supranational fiat backstop to a whole host of failing fiat currencies --- yeah, THAT will fix everything!
This is the rubber glove solution to the leaky fountain pen.
Why, of course! They should have employed this brilliant solution from the very beginning. It's all so clear to me now. Printing these magic papers will solve all of the world's problems and bring to humanity a new era of peace, liberty, honesty, integrity, and vigorous perpetual economic growth. There is absolutely no chance that anything could possibly go wrong.
Akak - I think you meant to say a SUPERNATURAL backstop to a whole host of failing fiat currencies. One of these days, when paper fails because no nation has any credibility left, a UFO or something will land in Central Park and "rescue" us all by bringing a supernatural fiat currency backstop from beyond the realms of earth. No one will be able to buy or sell without it. Now THAT is the real endgame. Pure, undiluted delusion yolked to pure greed. I predict extreme economic prosperity for 3 1/2 years after that. Of course, be very careful when you start shorting hell. Longer term bullish asbestos.
Jim, something like that had occurred to me as well, but then there is that 'will arrive peacefully and prosperously' bit and the whole 'whore of Babylon' being cast down. I am thinking that UFO showing up and forcing a debt jubilee fits the scene a bit more closely than more of the same fiat shit.
akak you forget the failing currencies are the basis for the basket.
The IMF is taking the whole world on a picnic and they're serving shit sandwiches without the bread.
...and charging a rental fee for the picnic basket.
It is only going to get worse. One of these days the markets are going to wake up and realize that all there so called profit is denominated in worthless fiat currencies not worth the paper it was printed on.
They wouldn't be worthless if they were printed on soft, absorbent, two-ply paper.
Show me a roll of CHarmin and an American Dollar. Which one to chose.....Hmmmm. That was easy. next
Great idea, all future curency printed on2 ply cushiony soft from here on out. At least is would have some residual salvage value.
When there is nothing to eat, there isn't much demand for toilet paper. Get some storage food now while it is available and relatively cheap.
China is now printing fake toilet paper:
Be careful what brand you buy.
Thar she blows!
Now, US taxpayers, largest contributors to the IMF, are forced (by the elites) to bailout Europeans (ungrateful lazy creatures with condescending attitudes toward the US).
When the US delegation is headed by TimG and BenB, what else can happen. All they know is to print.
Do you think that they are smart enough to have better ideas?
For Timmay and Banana Ben, there ARE no better ideas, because actually doing something to fix it will mean they no longer have jobs at minimum, and more likely means they have contracts on their lives. There is simply no way of fixing this mess without bankrupting all the bigs (big banks, big corporations, big government). Main Street would recover within a couple of years and be better off. However, they and all their friends would be ruined, and that, to their minds, is the end of the world.
I will translate for you what the Chinese are saying, "Now, we are forced to hold the debts of the US (ungrateful lazy creatures with condescending attitudes)."
I don’t give a fuck about what your opinionated Chinese say -- take their demagoguery and shove it up your ass.
The facts remain the facts (no matter what your opinionated Chinese say):
1. Europeans are ungrateful, arrogant, and lazy pigs (PIIGS).
2. Nobody is forcing China to buy UST (the most liquid and safe investment that pays interest) – Chinese are free to sell UST and to buy EFSF bonds whenever they want (but they are not stupid to do it).
3. China needs US more than US needs China – Chinese need US markets to sell their "Made in China" junk and to steal US intellectual property and technology.
The fact that you write comments on this site means that you are not one of the 1%. Being one of the 99% means that you are being fucked in the ass, so I would suggest coming off your American high horse and start dealing with reality. YOU are being fucked as a citizen of this planet no matter what country you live in...
And please don't even come up with arguments like "Europeans are lazy". Americans are the fattest most entitled low-productivity people on the planet, that is an ACTUAL fact. If you want to stop China from "stealing US intellectual property" I would suggest stopping all entitlements and putting your lazy fat countrymen to work to produce iPhones.
The only one boohooing will be the 1% at Apple who see their profits vanish, but your beloved USA will be a healthy, prosperous country.
Your choice. 1%, or 99%. Which side are you on.
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