Bill Gross Explains The European Ponzi

Tyler Durden's picture

Not like it is news, but... Out of one pocket, into another, and in the mean time "things get better" as Gross explains below. That said, we hope Bill knows where Allianz of A&G fame (which just happens to be the closest comp to our own AIG) falls in the pecking order of the European house of cards.

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BaBaBouy's picture

Hehehehe... You Can't Make This Shit Up ...

YEP, It's All GREEK To Me ...

"" Earlier, an official said Karatzaferis wanted all documentation translated from English - the language of negotiation with the international lenders - into Greek before he would look at them.

The far-right leader then threatened to abandon the meeting because he had not received the Greek version of the document, though he has backed down from similar threats in the past. ""

Comay Mierda's picture

i bet he's feeling a little more Ron Paulish

whstlblwr's picture


Did you see press release from Paul campaign, impressive delegate strategy. Hope they have plan when the GOP tries to steal their delegates

“We are confident in gaining a much larger share of delegates than even our impressive showing yesterday indicates. As an example of our campaign’s delegate strength, take a look at what has occurred in Colorado:

In one precinct in Larimer County, the straw poll vote was 23 for Santorum, 13 for Paul, 5 for Romney, 2 for Gingrich. There were 13 delegate slots, and Ron Paul got ALL 13.

In a precinct in Delta County the vote was 22 for Santorum, 12 for Romney, 8 for Paul, 7 for Gingrich. There were 5 delegate slots, and ALL 5 went to Ron Paul.

In a Pueblo County precinct, the vote was 16 for Santorum, 11 for Romney, 3 for Gingrich and 2 for Paul. There were 2 delegate slots filled, and both were filled by Ron Paul supporters.

We are also seeing the same trends in Minnesota, Nevada, and Iowa, and in Missouri as well.

“We may well win Minnesota, and do far better in Colorado than yesterday’s polls indicate.

SillySalesmanQuestion's picture

View this shocking news about delegates and votes being stolen(gasp) from Ron Paul in Nevada. I can't immagine why the Repugs & MSN would'nt want RP to win...? /sarc

whstlblwr's picture

Don't forget Dems. Ron Paul would beat Obama. This video doesn't show anything. But I'm sure they threw away RP ballots, maybe he was too close to number one.

It's great RevolutionPAC is going to safeguard primary vote. Hopefully they'll do more than polling and guard strongest precincts with video camera.

streetcrawler's picture

Give me a break, Ron Paul is a degenerate. All of his insane Ayn Rand bullcrap aside, he seems to have a very loose grasp on economics:

Yes Ronnie, why don't the central banks hold diamonds intead of gold? Ron Paul would have no chance of beating Obama unless he plans on getting the honest rape vote.

baby_BLYTHE's picture

I assure you Ron Paul's personal beliefs are in no way congruent to the Zionist Ayn Rand's.

Ahmeexnal's picture

Judging by the spelling faults, I'd say he's feeling a little more Jim Beamish.

CPL's picture

I just go with the idea anyone that uses twitter is a drunk by proxy and the built in 144 character limit.

Michael's picture

I'm not an extremist, I'm a passionist. My religion is passionism.

falak pema's picture

how many conquests? As Stalin would say or Don Juan.

Silver Bug's picture

You gotta love Bill Gross. One of the only mainstream money managers that is willing to speak his mind. Keep it up Bill, history will show who was right.

green888's picture

sounding like a terrorist now

Alea Iactaest's picture

If BG hasn't been kicked out of the club yet he's talking like he knows he will be soon.

kito's picture

pretty soon the entire american population will be terrorists except for those normal, mainstream, patriotic one percenters............

MarcusLCrassus's picture

Where in the Constitution does it say that you can hand me a piece of paper that isn't in English?!?

Dollar Bill Hiccup's picture

Tis a wonder to behold, somewhat like a perpetual motion machine.

GeneMarchbanks's picture

Don't get too used to it, don't want to end up being the turkey.

disabledvet's picture

I thought that was the plan? Turn them into food? Or is it "Internet people that your children can play with?"

falak pema's picture

maybe he is better placed to expose the FED/WS/PDs/HF/derivatives/Commodities/off balance sheet/OTC derivatives ponzi system that handles notionals beyond comprehension. He is stting slap bang in the middle of it.

Jlmadyson's picture

Madoff would be proud.

Mr Lennon Hendrix's picture

Hey Bill!

Treasury issues bonds, sells them to Private Dealers, PDs flip bonds to Fed T +1.

CrashisOptimistic's picture

Gross has become hugely negative of late.

GeneMarchbanks's picture

Notice how he isn't in the loop described above. Not easy to be weaned off of the teet.

nonclaim's picture

He realized it is dry now, wondering why the others are still fighting for it...

barliman's picture


... and Nouriel Roubini is saying it's a good time to buy equities.

They are individual pointers to a massively overbought market.


Ahmeexnal's picture

And yet the sheeple party on like it's 1919.

LouisDega's picture

That avatar ... Are you supposed to be Jim Morrison in his fat bastard stage or the cave man from Geico?

Jason T's picture

anyone care to comment on this from the folks at LaRouche?  

Why the British Monarchy Must Have World War Now February 4, 2012 • 12:40PM

A senior U.S. intelligence official has warned that the Inter Alpha Group-centered European private banking system is going to need an estimated 5 trillion euro in zero-interest loans this year, to avert a total crash. The source commented on Friday on the fact that European banks have already told the European Central Bank that they will need one trillion euro in discount borrowing before the end of February. In effect, with illegal secret backing from the U.S. Fed, the ECB is running a European carry trade, issuing near zero-interest loans to banks so they can turn around and buy up European sovereign debt, at 5-7 percent yields or more. The "profits" are booked by the banks to cover for the fact that they are hopelessly bankrupt. The source further explained that much of the sovereign debt that the banks are buying cannot be paid. Portugal, Spain, Italy and Ireland are in the same boat as Greece. It is estimated that Portugese debt will ultimately be redeemed at most at 30 percent value, Spanish debt at 40 percent value. Italian debt is totally unpredictable.

The source emphasized that the one billion euro being demanded this month is but a fraction of what the banks will need over the coming months, and that we have reached a point of "hyperinflationary explosion" that cannot be postponed for much longer. The threshold for an explosion was reached a year ago, the source concluded, and it is only a matter of weeks or months, at the most, before the whole system detonates. Despite Angela Merkel's claim that Greece is a "unique case," and that the haircut being negotiated between the Greek government and private bondholders will not be repeated elsewhere in euroland, the fact is that the Greek deal—if it is ever finalized—will set the framework for Portugal, Ireland, Spain and Italy.

Commenting on this report on Friday evening, Lyndon LaRouche emphasized that this is why the British Monarchy cannot delay any longer the plans for a thermonuclear war, involving the United States, Russia and China. Already, he noted, their timetable has been thrown way off, due to war-avoidance efforts led by the U.S. Joint Chiefs of Staff, Russia, China and others. Now, the European and trans-Atlantic financial system is at a break point, and the British Monarchy has so far been unable to yet trigger the global thermonuclear conflagration that they desperately seek, to save their dying Fourth Roman Empire system.



resurger's picture

Hello Jason.. Links please thnx

resurger's picture

So basically (we are physically vaporized)

i can see this unfolding to be honest which is scary, i think the fronts will be

1- USA


3- GCC / MidEast / Africa / Australia/ India / South Korea / Japan


1- China

2- Russia

3- IRan / Pakistan / North Korea / Cuba / South America


It will be a big bloody clusterfuck, but we will be all dead by Robo & Drone Inc.

So, back to the stone age

Jason T's picture

Crazier things have happened before.. so who knows what can happan from here and what's going on behind the scenes.  I don't know.

barliman's picture


"It puts the medication on its tongue and swallows it down ... or it gets the hose."

"The only winning move is not to play."

Global thermonuclear war will save the British monarchy?!?

Seriously, dude. Take your meds and watch 'Wargames' on Netflix.


cranky-old-geezer's picture



So where's the connection between EU / America sovereign debt collapse and thermonuclear war, irrespective of who wants it?

How does everybody nuking everybody else solve a sovereign debt problem Britain's favor no less?

It IS interesting nonetheless that LaRouche's source says who the major players are, Russia, China, America, exactly what I've been saying vis a vis Iran.

British monarchy behind it?  Sounds a little goofy.

Biosci's picture

How does everybody nuking everybody else solve a sovereign debt problem

I think that answer is pretty self-evident!  But 'goofy' pretty much sums up the rest.

Ahmeexnal's picture

Europe wants to nuke it's creditors.  Now how's that for a haircut?

Ag1761's picture

Usual anti monarchy pish from LaRich PAC.

Randall Cabot's picture

Putting it on the british monarchy is a joke but he's right that the world is in a FUBAR situation-who knows how many billions and trillions it is going to take but there is no doubt that the world is getting closer and closer to some kind of showdown every day: latest is a report that iran has deployed 15000 troops to Syria to aid Assad so we could see real soon Iranians and Syrians fighting Turks, Libyans, Jordanians, Al Qaeda and israelis in Syria:

"The Al Arabiya news channel reported that Iran's Revolutionary Guard has deployed 15,000 armed troops to Syria recently in order to help Syrian President Bashar Assad in his fight against opposition forces.",7340,L-4186659,00.html

Eisenhorn's picture

this is why the British Monarchy cannot delay any longer the plans for a thermonuclear war

Since when is global destruction a valid plan to "save the Empire"?

Fail on too many levels to go into.

Temporalist's picture

I agree. One little island should be much more fearful of an attack than others. They are susceptible to much more devastation because of their geography.

bbq on whitehouse lawn's picture

Ill take a stab. 

If you are a bunch of inbred retards and you have a big bunker, safe frozen crop seed and think that you can re-grow the world after 30years of bunker life.

Then maybe your crazy enough; to go ahead and build your bunkers and freeze your crops seed.

Maybe even crazy enough to try. Who knows inbreds are crazy and scary, thankfully they die off quickly in nature. To bad money stops nature from carrying out her apointed tasks.



earleflorida's picture

are they looking at the same Mayan calender?

narnia's picture

Treasury issues debt.  Fed purchases portion of debt to circulate base money.  Base money circulates, gets deposited into banks.  Treasury guarantees bank deposits.  Treasury issues more debt.  FDIC insured banks  & foreign countries who export products purchase Treasury debt.  Treasury issues more debt than banks & foreign countries and consume, so Fed buys more Treasury debt.  

I'm not seeing much of a difference between Europe & US. 

GeneMarchbanks's picture

All as planned, almost to a T because I think the LTRO and 'sterilization' thing was not exactly what Goldman wanted but close enough.

Are you complaining? I'll report you, don't think I won't.

NotApplicable's picture

Gross did it in less than 140 chars. ;-)