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."

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Aziz's picture

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

jomama's picture

i stopped reading that rag about two years ago.  Lot of young kids 'authoring' propaganda. 

Ahmeexnal's picture

Nice cover. Would be nicer if the euro bill used was the 20 trillion euro note with the Reichstag instead of that bridge.

Manthong's picture

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

permafrost's picture

A flame that is lit in Greece heads all the way across the continent . . . .

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.

RoadKill's picture

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

TheGardener's picture

That`s just where disgruntled MDB got kicked out of , an over cynical international private banking division.

Just talking the book.

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.

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

The Big Ching-aso's picture

 

 

Greek runs are really shitty.

bsdetector's picture

You frighten me MDB. So now the strings will be pulled by a smaller group of cronies?

firstdivision's picture

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

bentaxle's picture

A Global currency? What, no Dollar?

HarryM's picture

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

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..

resurger's picture

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

 

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.

miguel991's picture

AKA, the New World Order? No thanks.

Ignatius J Reilly's picture

Burning the Euro is a waste of fire.

Oracle of Kypseli's picture

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.

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

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

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

Terminus C's picture

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

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...

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.

 

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.

 

DeadFred's picture

All us couch potatos love that story.

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.

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.

GeneMarchbanks's picture

Um, its purpose? Look deeper you'll find some gems of insight into its purpose rest assured.

 

TheGardener's picture

Guess you never held a print copy. In bright sunlight, it reads : THE IMPERIALIST

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.

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...

hedgeless_horseman's picture

 

 

What will their globalist advertisers say?

Aziz's picture

Order can come out of chaos...

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.

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.

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.

jus_lite_reading's picture

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

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  

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.

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.

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?

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*

You're Welcome, Muppetz!