- advertisements -
A bond we can all have faith in. Who's buying?
I'm an atheist. I will, however, buy some of their gold for some freshly printed FRN's.
Say what you will.
But you will see a Euro-bond soon.
These bankers have a lot of power.
What God wants, God gets.
Rumor has it, the Greys are going to lend a hundred trillion Alpha Centauri Credits backed by element 115 using the Earth's DNA as genetic collateral. The mother-ship should warp in and beam it down anytime now.
but, they want all the gold
Sarkozy to provide collateral and consummate the deal..
We interrupt your regularly scheduled programming to bring you the following 'It's On Like Donkey Kong' breaking news:
11-28 1:45: WSJ writes: "Inner Workings of Market Readied for Euro Breakup"
It's true...but only after after a decade or two of in depth anal probes - you know, to check our credit worthiness.
Indeed he does. And the "man behind the curtain" is many things, but God is not one of them. This is clearly a perpetuation of the mercantilist position to the extent that that's even possible. "Taking your toys and going home" isn't that simple however. There are "geo-political issues" which i might add probably caused this mess in the first place. The first one that stands out is "how does not solving the mess solve the mess?" The metric is brutally simple: in the USA the politicians bailed out Wall Street to their permanent political detriment. Again we find ourselves asking "and yet Germany can't find a way to stop throwing Greece under the bus"? (and stop phucking with my computer tom keene--as well as that other stuff you keep doing, too. one good night sleep. how 'bout we start with that?)
I'm definitely not happy about it! These f*cking Eurobonds will be forced down our throats, just like the rest of the EUSSR.
If one looks at the history of the EU, then you see that everything always started off in a small number of countries (the BeNeLux) doing something sensible and it then morphs into the European Economic Community (with more corrupt members) and then into the EU.
The next move is obviously a real EUSSR (a fiscal and political union), and the jumping board will be the "AAA Eurobonds" of the stronger core countries, just like the BeNeLux formed the basis of the current mess we're in.
That's how the (ex?) communist Barroso wants to re-shape the European political landscape in a fashion that would make Fieldmarshal Tito blush.
In the mean time, I'll just continue buying Gold (holkding up it's value quite nicely in Euro's!) so I can f*ck off out of the EUSSR when the real shit will hit the fan.
That's the truth Truth!
When they revert to their native currency, printed in German over Beethoven's head.............
"In God We Trust. Everyone else pay in Deutsche Marks."
OFF TOPIC: When the Fed buys MBS from banks at par, because the banks can't swallow the losses, what happens to the losses that inevitably happen on the Fed's balance sheet? Do they just tell the Treasury they will print the difference up?
lol! Why would the FED, who lists their gold at $42.50/oz, list MBS at anything less than what they choose to value them at? Also they dont answer to the treasurey, its the other way around.
Line item: "Other"
They don't have to tell Timmy anything ...except "fuck off" perhaps.
Fed doesn't have to report to anyone, so they can carry worthless assets on their books at any value they wish. It's called mark-to-skittle-shitting-unicorn-myth accounting.
But for the record Ben did tell Timmy IF he decides to mark some of the worthless crap on his Fed balance sheet to something anywhere aprroaching reality resulting in a loss, Timmy gets to eat it ...meaning taxpayers get to eat it ...which really doesn't mean anything since none of the $15,000 billion national debt will ever be paid off, rolled over yes, paid off no.
I like both the substance and tone of your response.
Here's a message for all politicians, sell-side analysts, permabulls, and quite unfortunately, general citizens: you are fucked on the one-way liquidation street.
When even Germany has problems getting its own bonds away, who indeed is going to buy? WHy doesn't Germany just go it alone and charge, say, 3% spread to others? Mercantilist financier? Why not. I can't see that the US would do any favours to its partners in NAFTA under similar circumstances and 3% spread is far better than they can get alone.
because Spain is too big to fail. Of course "failing Italy" is beyond sinful as well...but "why should Wall Street ever be interested in that God thing?" Hmmm. Let me see..."he built every City in Europe" seems like a good start. How 'bout the art work you have hanging on your wall? Or the colors of the cloth you wear to work? Or the music that "draws you in"? Or the....
Secret Fed Loans Gave Banks Undisclosed $13B
Bernank actually stole 7.7 trillion in U.S. taxpayer milk money, and loaned it the banks for essentially nothing in interest, and the 13 billion is the best the incompetent FUBAR banks could do in terms of profit on that free money.
Hell, I could've easily returned 10 times that spread, and I'm not doing "God's work," and therefore not blessed as the Vampire Squid is.
did their "stocks" get a "pop" on this news? No? Gee..."perhaps if they'd disclosed it properly." Oh, well. Welcome to Strangelovian Finance. How did the line go "we've built a bomb that will destroy the world as the ultimate deterrent. But we didn't tell anybody about it."...."YOU PHUCKING IDIOTS!" cue to Patsy Cline: "we'll meet again, don't know where! don't know when!" Apparently Wall Street didn't get the memo.
I think America should merge with Europe. Then we can have one currency called, The Ameuro. That way both our currencies will finally be fucked together in a more perfect union.
It's cool - Everyone will buy EU Elite bonds - just like everyone buys US Treasury Bonds - -wow - isn't it cool that the Europeans are now learning from the US how to print fiat to extend and pretend and pump stocks up so that the world doesn't collapse from sticking it to the banksters... Timmie Boy is in extacy at the prospect.
AAA, like youth, is fleeting.
FU is the new AAA.
That's what I was thinking. Weren't mortgage CDO's AAA?
So were Bear Stearns and Lehmann's.........
They meant E-light (Europe Light)
I wonder what language they have in their constitutions that would allow for extranational financial integration of this sort... They follow the rule of their own constitutions right? ...Right?
Constimipations are like bonds, stocks and fiat...paper promises.
Not like they will actually create it, these are just news stories designed to suck more money into this financial abyss known as "the euro".
Politicians and bankers talking out their asses, again.
phew... disaster averted.
Reports Of IMF Package For Italy Not Credible - International Financial Officials
We've moved on to 'Elite Bonds' to keep the facade from crumbling.
Man that got shot down fast. They need to have another meeting and get on the same page again.
Here are my guesses as to how the meetings play out behind closed doors.
Merkel: Umm, no printing! Remember the Weimar government?Sarkozy: Netanyahu is a liar!
Geithner: Need some money? We can print it!
Merkel: No printing!
Obama: Can someone help my with my capri sun? I cant get the straw in.
Bernanke: Jackson Hole is cold this time of the year.
Monti: here is what we will do. We will tell them that the IMF is going to bail Italy out and this will inject the confidence needed into the bonds market and by the time they realize they have been duped, we will of kicked the can down the road.
Obama: Crap, I just got capri sun all over my new suit! This is the republicans fault! Had they enacted my bill to replace these plastic capri sun straws with enviromentally friendly ones, I would have a clean suit!
Bernanke: FOLKS, back to the economic issues. We have to end this meeting, I have to catch a helicopter! The solution is easy people, there isn't one! We just keep doing what we have been doing for the last century. Lie to everyone!
Obama: Oh, thats easy. Look, it got me elected!
Monti: OK, so I'm getting bailed out but I'm not really right? Just one big lie to keep the machine running..
Bernanke: You catch on fast!
Monti: I am a banker you know.
Sarkozy: Netanyahu is a liar!
Obama: It's not my fault, I'll blame congress for not passing more printing measures!
Jackson's hole is cold this time of year.
all the pomp and circumstance...let em fail and we can move on.
Luxembourg? They have the gdp of a gnat.
Heeeyyy ... It's equivalent to that of South Dakota. That should be enough to bail out France, Italy and Spain, right? Right? Riiiiiight.
Who cares about scale. It's all about GDP per cap nowadays. Just jump on the triple-A bandwagon.
So it's a bailout for the bailouters...by now isn't everyone running out of buckets?
My God - somebody turned on the lights. The cockroaches are scrambling for the exits. Get the Raid!
For fuck sake...just STOP this bullshit already. Seriously....every day is some new magic potion? Every day?!
Hmm, wonder what happens when a situation appears untenable between the "elites" and the "not so elites"? Eat the debt, or else?
Who would have ever thought the death spiral would be a slow motion train wreck!
This is the slowest motion trainwreck in the history of slow motion trainwrecks.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.