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Bill Gross Explains The European Ponzi
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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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. ""
http://finance.yahoo.com/news/greeks-seek-elusive-bailout-deal-005319195...
i bet he's feeling a little more Ron Paulish
"little"
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.
http://www.businesswire.com/news/home/20120208006370/en/Ron-Paul-Winning...
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
http://www.youtube.com/watch?v=f7Ug1jdERZw&feature-related
http://www.youtube.com/watch?v=Z3D9-NNuC4g
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.
http://www.revolutionpac.com/2012/02/post-nevada-fraud-ron-paul-super-pa...
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:
http://www.youtube.com/watch?v=2NJnL10vZ1Y&feature=player_embedded
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.
I assure you Ron Paul's personal beliefs are in no way congruent to the Zionist Ayn Rand's.
Judging by the spelling faults, I'd say he's feeling a little more Jim Beamish.
I just go with the idea anyone that uses twitter is a drunk by proxy and the built in 144 character limit.
I'm not an extremist, I'm a passionist. My religion is passionism.
how many conquests? As Stalin would say or Don Juan.
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.
http://ericsprott.blogspot.com/
sounding like a terrorist now
If BG hasn't been kicked out of the club yet he's talking like he knows he will be soon.
pretty soon the entire american population will be terrorists except for those normal, mainstream, patriotic one percenters............
Where in the Constitution does it say that you can hand me a piece of paper that isn't in English?!?
Tis a wonder to behold, somewhat like a perpetual motion machine.
Don't get too used to it, don't want to end up being the turkey.
I thought that was the plan? Turn them into food? Or is it "Internet people that your children can play with?"
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.
Madoff would be proud.
Hey Bill!
Treasury issues bonds, sells them to Private Dealers, PDs flip bonds to Fed T +1.
It burns!
Gross has become hugely negative of late.
Notice how he isn't in the loop described above. Not easy to be weaned off of the teet.
He realized it is dry now, wondering why the others are still fighting for it...
... and Nouriel Roubini is saying it's a good time to buy equities.
They are individual pointers to a massively overbought market.
barliman
And yet the sheeple party on like it's 1919.
That avatar ... Are you supposed to be Jim Morrison in his fat bastard stage or the cave man from Geico?
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.
Hello Jason.. Links please thnx
http://larouchepac.com/node/21436
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
2- EUROPE
3- GCC / MidEast / Africa / Australia/ India / South Korea / Japan
VS
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
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.
Blame Canada!
"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.
barliman
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 ...in 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.
I think that answer is pretty self-evident! But 'goofy' pretty much sums up the rest.
Europe wants to nuke it's creditors. Now how's that for a haircut?
Usual anti monarchy pish from LaRich PAC.
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."
http://www.ynetnews.com/articles/0,7340,L-4186659,00.html
Not much of a source...
British troops joining the fray:
Report: British Special Forces Enter Syria To Aid Rebels
http://www.infowars.com/report-british-special-forces-aiding-rebels-in-syria/
Uhhh....no?
Since when is global destruction a valid plan to "save the Empire"?
Fail on too many levels to go into.
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.
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.
are they looking at the same Mayan calender?
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.
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.
Gross did it in less than 140 chars. ;-)
try to think of Alabama as its own country
Last I checked, only damned state in the nation where you can't home distill...legally that is...no minimums, permits etc...
I think we should just throw them out of the Union.
I see the Euro close rally is in effect again today. I guess the same exact HFT buy program is continually running. Apple continues to go higher 1% every day based on nothing. Oh yeah I forgot, THE APPLE TV RUMOR!!! wow a $1500 42" TV based on a $799 LG model. BUT IT'LL HAVE THE APP STORE CREATING NEW APP JOBS!!! Yes we can all just make apps for Apple and eat lobster every night!!! I don't understand how people can be stupid enough to think Apple makes the only worthwhile product and will pay three times the real market value just to get the stupid Apple logo. A country worshipping Apple deserves to burn.
You have to jst stand here and give a giant golf clap to whoever is pulling the levers. It's like they don't even take a piss break.
Indeed.
+1
I couldn't agree more. The biggest market cap company in the US makes cosmetic toys made by half a million chinese earning $5/day, that sell at 3x the price of their peers' products. Well isn't that fucking awesome! I'm so sick of AAPL and our ghost economy built on cell phones. Cell phones that everyone must have so they can poke and text each other all day while sitting next to each other at Panera sipping their $4 coffee.
I don't want the global collapse because of all the pain it will cause, but come the fuck on people our culture is so bass ackwards there's nothing left that will wake people up to real life.
>>>THE APPLE TV RUMOR!!! wow a $1500 42" TV based on a $799 LG model.<<<
So, you pay nearly twice as much for the TV itself...and then there are monthly fees of some kind? subcription costs? you're streaming from your PC?
Does anybody know how this is supposed to work?
Edit--
Nevermind. I get it now. It's all consumption oriented at outrageous prices.
Don't eat the poisoned Apple.
Step 1: Borrow money from ECB
Step 2: Borrow more money from ECB
Step 3: Use money you borrowed from ECB to pay back the ECB.
Is anyone getting an Inception vibe from Greece?
Hahahah this is just genius! What a fantasticly funny but 100% true comment. Love it!
http://www.youtube.com/watch?v=cxXp3KhhI8s
New Loan Facility for Greece
http://www.scribd.com/doc/80957438/New-Loan-Facility-for-Greece-FILTERED...
PP
Bill Gross....a man who has found religion? Was he always this skeptical, or is he just bitter that the powers that be are confiscating his wealth now?
Coming across on the wires now, looks like Greek politicians have agreed to completely sell out the nation in favor of saving European banks bu agreeing to nearly everything that was demanded of them.
And the market will now POP...because it's just fuckin stupid like that.
Unbefuckinglievable.
Hey Bill, how about a few words on the US Ponzi?
the US can do this with California, use them as a third party to monetize debt? I mean that's where Apple is based? the Ipod and Gyro seem like pretty much the same thing. Facebook could build out the App's, school App, K-12, DMV App, Muni Bond App?
One word sums this all up. Tradition.
The euro is the strongest currency there is (don't ask me why, but facts are facts)
Bill Gross has never seen a bailout he didn't like (when he gets to benefit from it). No principles, no courage ... not a good person.