The Economist FTW (Redux)

Tyler Durden's picture




 

Two years after bringing us the beginning of the end in Acropolis Now, the Economist has closed the loop with the end of the end courtesy of "The Greek Run."

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Thu, 05/17/2012 - 10:34 | 2435345 Aziz
Aziz's picture

Wow. Best cover I've seen for a long time.

Thu, 05/17/2012 - 10:39 | 2435376 jomama
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i stopped reading that rag about two years ago.  Lot of young kids 'authoring' propaganda. 

Thu, 05/17/2012 - 10:45 | 2435425 Ahmeexnal
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Nice cover. Would be nicer if the euro bill used was the 20 trillion euro note with the Reichstag instead of that bridge.

Thu, 05/17/2012 - 10:50 | 2435459 Manthong
Manthong's picture

It’s ironic that the guy with the torch ends up in London this year.

Thu, 05/17/2012 - 10:54 | 2435490 permafrost
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A flame that is lit in Greece heads all the way across the continent . . . .

Thu, 05/17/2012 - 11:01 | 2435537 MillionDollarBonus_
MillionDollarBonus_'s picture

This may mark the end of the Euro, and the beginning of a new GLOBAL currency with a world central bank. In my view, this is the ONLY viable solution going forward. We need to end these destructive currency devaluation wars. We need to end racism. We need to end bank runs around the world, and not just in Europe. The only way to do this is through a single global monetary union, run by the brightest financial minds, which will spread prosperity, freedom and liberty to every corner of the world.

Thu, 05/17/2012 - 11:03 | 2435547 RoadKill
RoadKill's picture

Id like to offer my services to head your bank MDB.

Thu, 05/17/2012 - 11:13 | 2435610 TheGardener
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That`s just where disgruntled MDB got kicked out of , an over cynical international private banking division.

Just talking the book.

Thu, 05/17/2012 - 11:40 | 2435746 Decay is Constant
Decay is Constant's picture

How does he do it?  Hats off to MDB!  I couldn't make this stuff up if I wanted to.

Thu, 05/17/2012 - 11:44 | 2435761 Comay Mierda
Comay Mierda's picture

yea i admire the guy. if i wrote half the satirical crap he did id prob wanna shoot myself after.  funny stuff though

Thu, 05/17/2012 - 12:07 | 2435848 The Big Ching-aso
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Greek runs are really shitty.

Thu, 05/17/2012 - 14:42 | 2436596 bsdetector
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You frighten me MDB. So now the strings will be pulled by a smaller group of cronies?

Thu, 05/17/2012 - 11:12 | 2435607 firstdivision
firstdivision's picture

Thanks for the chuckle of the day, pretending to be so naive to think this would work was pure comedic genius.

Thu, 05/17/2012 - 11:26 | 2435681 bentaxle
bentaxle's picture

A Global currency? What, no Dollar?

Thu, 05/17/2012 - 11:48 | 2435785 HarryM
HarryM's picture

Yes , Greece is a fine example of why we need a Global Currency (LOL)

Thu, 05/17/2012 - 11:37 | 2435728 porrannor
porrannor's picture

And you just entered the LALA land. I guess you haven't learned from the history what happens when the central goverment takes over the world. And as to the "brightest financial minds...", that's a good one. Heve you ever seen the brightest in any of the gov possitions? Dream on..

Thu, 05/17/2012 - 11:56 | 2435817 resurger
resurger's picture

Fuck! your thoughts reflects the thoughts of my bitch Max!!

 

Thu, 05/17/2012 - 12:00 | 2435835 Nobody For President
Nobody For President's picture

I down-arrowed you just to make you happy, MDB. 

But a little to much over the top - you used to be so much more subtle.

Thu, 05/17/2012 - 12:05 | 2435844 miguel991
miguel991's picture

AKA, the New World Order? No thanks.

Thu, 05/17/2012 - 11:25 | 2435672 Ignatius J Reilly
Ignatius J Reilly's picture

Burning the Euro is a waste of fire.

Thu, 05/17/2012 - 10:57 | 2435519 Oracle of Kypseli
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Greece should either refuse to provide or charge for the olympic flame since the olympics are no longer amateur games but pure dirty business and corrupt at that.

Thu, 05/17/2012 - 11:25 | 2435674 Oh regional Indian
Oh regional Indian's picture

Interesting, that is how the contagion will spread, fromt he out-side in, from out of left-field.

And in an Olympic year to boot. Anyone think that is co-incidence or de-sign?

Propaganda though man.... wow.... like a well oiled machine, the Greek story has been played over the past couple of years, all the elements in play for what makes great, tragic theater.

And OF COURSE, it's all to distract from the on-going, in our face implosion of everything else.

It's hard to see the social fabric tearing when the very shirt off your back is threatened.

ori

the-practice-of-detachment

Thu, 05/17/2012 - 10:52 | 2435480 gjp
gjp's picture

+1 good global news coverage, but editorial opinions show them just to be another gang of shills for the status quo.  More sophisticated than CNBC, but shills nonetheless.  And the most galling thing about it is the way they pretend to be the heirs of enlightened rational liberal (in the free market sense) thinking while supporting the printfest every step of the way

Thu, 05/17/2012 - 11:06 | 2435568 Ahmeexnal
Ahmeexnal's picture

Merkollande-land in full blown collapse: Opel megaplant to ditch germany and relocate to the UK to build Astras.

http://www.thelocal.de/national/20120517-42601.html

Thu, 05/17/2012 - 12:22 | 2435913 Terminus C
Terminus C's picture

I prefer the term Ho-mer... "Doh!" will be their most common word this year.

Thu, 05/17/2012 - 10:59 | 2435500 TheGardener
TheGardener's picture

I stopped reading that fine print 10 years ago.
I got bored with the justifications of what war to start next.

Don`t mind the young lads, albion thinking disorders and
the challenges to sexual orientation brought to them by boarding schools...

Thu, 05/17/2012 - 11:05 | 2435561 710x
710x's picture

Despite what the propaganda says, reading between the lines on the cover stories is telling:

 

* public company decline
* prison reform (reform is needed when there are too many problems, otherwise you call it 'fixing' or 'addressing')
* promising election (promise or pro-misery?)
* upheaval in Turkey and Brazil
* Greece

That which is hitting the fan, is accelerating.

 

Thu, 05/17/2012 - 10:39 | 2435380 JPM Hater001
JPM Hater001's picture

Let us never forget that in the great run to Marathon when the runner got to the square he yelled "NIKE!"

Then he dropped over dead.

 

Thu, 05/17/2012 - 10:48 | 2435452 DeadFred
DeadFred's picture

All us couch potatos love that story.

Thu, 05/17/2012 - 11:42 | 2435753 CrashisOptimistic
CrashisOptimistic's picture

Similarly, why in hell is it presumed Greek default is leaving the Euro?

Why not just not pay and keep using the Euro?  Use of the Euro is a significant issue.  Paying or servicing the debt is.

The strategy of the elites has changed.  They WANT Greece out.  Greece is a burden pulling the Euro's value down.  If Greece leaves the Euro, after a few weeks of upheaval you will see it spike upwards.

Now in contrast if Germany leaves the Euro, that's the end of the Euro.

Thu, 05/17/2012 - 10:40 | 2435390 CPL
CPL's picture

The economist still reads like a moron's guide to finance now though.  Half the magazine is spin on poor management practices in business community and the other half of the articles are veiled advertisements for shit-tier stocks and investments.

 

The economist magazine has outlived it's purpose as an alternative fishwrap

 

Cute cover though.

Thu, 05/17/2012 - 10:46 | 2435442 GeneMarchbanks
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Um, its purpose? Look deeper you'll find some gems of insight into its purpose rest assured.

 

Thu, 05/17/2012 - 11:20 | 2435639 TheGardener
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Guess you never held a print copy. In bright sunlight, it reads : THE IMPERIALIST

Thu, 05/17/2012 - 13:03 | 2436103 CPL
CPL's picture

Used to have a subscription, cancelled it in 2005, the Iraq war shit was getting too much to swallow.

 

It was such a good magazine until it wasn't.  Lots of that going around these days.

Thu, 05/17/2012 - 10:57 | 2435515 krispkritter
krispkritter's picture

Header...Special Report on The Future of Banking...

Yeah, burning fiat, torches, and bankers...all they're missing is some pitchforks and bread helmets...

Thu, 05/17/2012 - 10:34 | 2435348 hedgeless_horseman
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What will their globalist advertisers say?

Thu, 05/17/2012 - 10:35 | 2435354 Aziz
Aziz's picture

Order can come out of chaos...

Thu, 05/17/2012 - 10:41 | 2435370 hedgeless_horseman
hedgeless_horseman's picture

 

 

...maybe another order of Privatize the Gains and Socialize the Losses, if that particular newspaper has anything to say about it. 

Would you like your order Super Sized, this time, with a side of INGSOC?

Change isn't always for the better.

Thu, 05/17/2012 - 10:42 | 2435398 Aziz
Aziz's picture

No thanks I'll take a side order of drone strikes.

http://www.reuters.com/article/2012/05/17/us-yemen-drone-idUSBRE84G0FQ20120517

Thu, 05/17/2012 - 10:51 | 2435451 hedgeless_horseman
hedgeless_horseman's picture

 

 

Yemen...another shining example of America's belief in Freedom, Liberty, Democracy, Private Property, and Self-Determinism...but only for Americans.

But many say U.S. drone attacks, which have often killed civilians and are deeply resented by Yemenis, may do more harm than good, potentially discrediting Hadi as a lackey of Washington and turning the wider population against him.

They hate us for our freedom.  Obviously.

Thu, 05/17/2012 - 10:52 | 2435481 john39
john39's picture

drones being used in the US now too...  just wait until they arm and use them.  Then Americans may finally realize that "freedom and liberty" is just a fiction, even in america.

Thu, 05/17/2012 - 10:39 | 2435374 jus_lite_reading
jus_lite_reading's picture

BINGO was his name-oh!

Thu, 05/17/2012 - 10:42 | 2435405 bingo was his name
bingo was his name's picture

May I help you?

Thu, 05/17/2012 - 10:55 | 2435498 jus_lite_reading
jus_lite_reading's picture

Yes, I'll take some of those "ancient relics" off your hands please... give me all ya got! ;)

Thu, 05/17/2012 - 12:16 | 2435880 bingo was his name
bingo was his name's picture

You uncivilized fool if I give you all my "ancient relics" I won't have any clothes to wear  

Thu, 05/17/2012 - 11:27 | 2435689 TheGardener
TheGardener's picture

Glad you did not mention law. Or we would be back to Ordem y Progreso. Some great emerging nation would have a leg up on continuing fascist socialist fantasies.

Thu, 05/17/2012 - 10:44 | 2435423 GeneMarchbanks
GeneMarchbanks's picture

Hey hedgless,

It says there's an 18 page special inside report on the future of banking but I have one of my own already.

Banking can:

1. Match savers and borrowers

2. Provide safe payment system

3. Apply some basic risk management

That's pretty much it. Let us stop pretending banking takes an especially gifted intellect.

Thu, 05/17/2012 - 10:59 | 2435517 hedgeless_horseman
hedgeless_horseman's picture

 

 

Do they mention if the future of banking includes another reduction in the ECB's reserve ratio to something below 1%

Bank reserve ratios less than one....hmmm. 

Would that be called fractional fractional banking?

Thu, 05/17/2012 - 11:42 | 2435555 GeneMarchbanks
GeneMarchbanks's picture

No! silly friend, that would be called Negative Reserve Banking. It's all the rage once you reach Minsky's final phase of Ponzi lending.

I think we just settled the matter in three comments, so no reason for ZHers to go out and buy The Economist.

     *high-five*

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