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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
jomama's picture

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

Thu, 05/17/2012 - 10:45 | 2435425 Ahmeexnal
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.

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
permafrost's picture

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
TheGardener's picture

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
The Big Ching-aso's picture

 

 

Greek runs are really shitty.

Thu, 05/17/2012 - 14:42 | 2436596 bsdetector
bsdetector's picture

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
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.

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
GeneMarchbanks's picture

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
TheGardener's picture

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
hedgeless_horseman's picture

 

 

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*

You're Welcome, Muppetz!

Thu, 05/17/2012 - 10:35 | 2435353 the 300000000th...
the 300000000th percent's picture

Why would they scare the lemmings like that?

Thu, 05/17/2012 - 10:40 | 2435382 blabam
blabam's picture

Lemmings don't read the economist?

Thu, 05/17/2012 - 10:46 | 2435435 Dr. Engali
Dr. Engali's picture

Lemmings don't know what the hell the economist is.

Thu, 05/17/2012 - 10:54 | 2435492 krispkritter
krispkritter's picture

But Krugman knows what a lemming, er, follower of his column is!

Thu, 05/17/2012 - 10:40 | 2435384 bdc63
bdc63's picture

because it's time

Thu, 05/17/2012 - 10:43 | 2435411 manhunter
manhunter's picture

Best question on this thread.

Answer: the anglo propaganda press is at maximum screech against the Euro, but it's a way the dollar can't win. Greece stays in, Euro FTW.

Ironic that ZH parrots this propaganda, no?

Thu, 05/17/2012 - 12:11 | 2435856 TheGardener
TheGardener's picture

Years ago they openly advertised that two thirds of their subscribers were millionaires . International corporate and government lemmings bragging subscribers might have been, but who outside hades will have this magazine then showing cover on your letter box ?

Editorial focus downstream to influence former imperial subjects to no avail , so some bright thing got this globalization mouth piece off the track for a reason...

Thu, 05/17/2012 - 10:36 | 2435357 Doubleguns
Doubleguns's picture

A new olympic torch run.

Thu, 05/17/2012 - 10:38 | 2435372 Doubleguns
Doubleguns's picture

New olympic game is to run to the ATM withdraw 200 euros and get to the store and buy something before its worthless.

Thu, 05/17/2012 - 14:36 | 2436557 Matt
Matt's picture

Or before the guys at the back of the ATM line rob you, as the case may be.

Thu, 05/17/2012 - 10:36 | 2435358 battle axe
battle axe's picture

Finally, hopefully the rest of the MSM will catch up and stop stuffing flowers up everyone's ass and telling them that we are in a recovery....

Thu, 05/17/2012 - 10:42 | 2435407 Dr. Engali
Dr. Engali's picture

Heh heh good one. Old Uncle Warren is buying 63 newspapers so he can do his part in promoting the propoganda.

Thu, 05/17/2012 - 10:53 | 2435482 Silver Dreamer
Silver Dreamer's picture

LOL  We certainly know he didn't buy them to make a profit.  The newspapers that is, but he's sure to profit from the propaganda!

Thu, 05/17/2012 - 10:37 | 2435361 manhunter
manhunter's picture

Epic lulz. ZH and the keynsian US dollar bloc shills at Economist on the same side of the boat.

Both wrong. Greece stays in, sorry boys.

 

Thu, 05/17/2012 - 10:42 | 2435399 tmosley
tmosley's picture

YOU don't get it.  If Greece stays in, then the Euro is TOTALLY doomed.  If they leave, then the other hangers on will leave as well, and the core Euro might actually survive.  Greece leaving will be short term bad for the Euro, but then the reality that the core is now stronger without the extra baggage will hit and it will stabilize.  It is all this idiotic printing and guarantee-ing that destroys currencies.

Thu, 05/17/2012 - 10:45 | 2435431 manhunter
manhunter's picture

Contradiction. Obviously the ECB isn't printing to ease Greek pain, so what printing do you refer to?

And do tell why Greece staying in dooms the euro.

Thu, 05/17/2012 - 10:55 | 2435505 DeadFred
DeadFred's picture

That's right. All that LTRO money was a loan made against sound collateral using cash from the vaults. No printing was done or will be done, ever.

Thu, 05/17/2012 - 10:47 | 2435449 Argonaught
Argonaught's picture

Sounds good in practice, but since the Euro was a 10-year boon to the manufacturing north BECAUSE of the over-spending drunken south, it all comes crashing down when you boot Greece, Italy, Spain, and Portugal.  Either they figure out a way to patch this whole thing together, or we get to trade D-Marks again.  There is no tween.

Thu, 05/17/2012 - 10:50 | 2435462 manhunter
manhunter's picture

Quite right. You would have deflation in the north, hyperinflation in the south. Everyone loses, so it won't happen.

Ignore the noise.

Thu, 05/17/2012 - 12:35 | 2435946 TheGardener
TheGardener's picture

DM has always been tween or twilight money. Hence it got submerged into Euro. Too strong for it`s own good defined
by foreign powers. If not for the devaluation of DM through
the Euro-scam the North American Peso would be ten to one DM by now and Mittelstand Land being just about to be
re-invaded.

Thu, 05/17/2012 - 11:10 | 2435593 RoadKill
RoadKill's picture

No YOU DONT GET IT. When Greece, Spain, Italy, Portugal leave then Germany, France Bennelux, ECB et all will have to mark their debt holdings in those countries down by 50%-75%. They will have to bailout their banks. They will suffer a 10% hit to GDP.

In short THEY BECOME THE NEXT PIIGS. We need to come up with a new aycronym for them though. Somebody call GOLDMAN they are really good at that!!

Thu, 05/17/2012 - 10:47 | 2435444 Winston Churchill
Winston Churchill's picture

Idiot.

First one out wins.Stay together,lose together.

Thu, 05/17/2012 - 10:53 | 2435484 jus_lite_reading
jus_lite_reading's picture

>>"Greece stays in"<<

Well thats the plan dumbass!! LMAO

Except that... let's just say it won't work as planned...

Thu, 05/17/2012 - 10:58 | 2435523 DeadFred
DeadFred's picture

Don't worry, it will work because he says so.

Thu, 05/17/2012 - 11:16 | 2435625 resurger
resurger's picture

they will stay :)

CTRL-P

Thu, 05/17/2012 - 12:17 | 2435881 Captain Kink
Captain Kink's picture

A client suggested that the Russians will step in and buy Greece, getting themselves a mediterranean port.  Cyprus is stuffed with Oligarch cash, they'll want to protect it. Step 2 is the rest in the periphhery get their debt backed (print) by the ECB (Germany) and they keep the whole rotten thing together.

Thu, 05/17/2012 - 12:20 | 2435902 jus_lite_reading
jus_lite_reading's picture

Either way, the Greeks will give up their country to the banksters. That will end well...

Thu, 05/17/2012 - 10:38 | 2435366 jomama
jomama's picture

but the withdrawls have all but been done?  or are people still furiously taking everything they have out?

am i missing something here?

Thu, 05/17/2012 - 10:42 | 2435404 Doubleguns
Doubleguns's picture

Those who just pulled their head out of their ass are now running for the ATMs resulting a lots of popping sounds as more pull their head out of their ass. Until the popping sounds stop or the ATMs run out of money (they have no ink so they cant print) the run will continue.

Thu, 05/17/2012 - 10:46 | 2435443 jomama
jomama's picture

my apologies for not being clear enough.  i'm curious of the day-to-day breakdown, is all.  as i understand this, seems the vast majority happened on Monday, and has tapered off dramatically since then?

Thu, 05/17/2012 - 12:00 | 2435836 ebworthen
ebworthen's picture

"In the past two years, deposit outflows have generally averaged between €2 billion and €3 billion a month, though in January they topped €5 billion."

http://www.zerohedge.com/news/chris-martenson-we-are-about-have-another-...

Thu, 05/17/2012 - 10:42 | 2435406 BalanceOrBust
BalanceOrBust's picture

What do you do if you are Greek?

a. Withdraw your euros now and move them to a French bank?

b. Withdraw your euros now and move them to a German bank?

c. Withdraw your euros now, convert them to dollars and move them to an American bank?

d. Sell your euros for gold, stuff them in a Cretan cave, hunder down and run sabotage missions against your oppressors (style it on 1940's anti jack boot activity)?

Thu, 05/17/2012 - 10:51 | 2435471 Ignatius J Reilly
Ignatius J Reilly's picture

a & b, they are still euros.

c, so you're betting on who will finish last in a race to the bottom

d, at least the first part.  Hope you can make it out of the country.

Thu, 05/17/2012 - 10:56 | 2435509 Doubleguns
Doubleguns's picture

e. sell your euros for silver.

Thu, 05/17/2012 - 10:39 | 2435375 Joe The Plumber
Joe The Plumber's picture

This headline indicates the euro is now about to be saved

Magazine covers are such contrarian indicators

Thu, 05/17/2012 - 11:06 | 2435572 ThirdWorldDude
ThirdWorldDude's picture

The euro will be saved from itself.

 

Activate self-destruction in 5..4..3..

Thu, 05/17/2012 - 10:39 | 2435377 slaughterer
slaughterer's picture

Dear Greek bank customer:

EU 50 max withdrawal per day.

All your Euros are belong to us.  

Thu, 05/17/2012 - 10:48 | 2435436 bdc63
bdc63's picture

Greeks -- if your withdrawals are being limited, do you wanna 'cheat' the system? ... overpay your credit card bill (assuming its not held by a greek bank of course) by a couple of thousand dollars.  You'll have essentially "transferred" your Euros out of the bank in the form of a 'credit' that will appear on your card.  If you have more than one credit card, do it on all of them.

Thu, 05/17/2012 - 11:23 | 2435669 Big Corked Boots
Big Corked Boots's picture

Good idea, except a certain TBTF card issuer does not allow me to pay online more than my current balance. Maybe they know something...

Thu, 05/17/2012 - 10:46 | 2435438 junkyardjack
junkyardjack's picture

That would solve the bank run problem

Thu, 05/17/2012 - 10:49 | 2435455 I am a Man I am...
I am a Man I am Forty's picture

You can bet your ass all of the JPM's and GS's of the world have positioned themselves for the Greek exit by now.  The long dollar, short everything else trade appears to be on.

Thu, 05/17/2012 - 12:06 | 2435846 resurger
resurger's picture

i want to agree with you but then both of us will be wrong

-soap

 


Thu, 05/17/2012 - 10:50 | 2435461 ebworthen
ebworthen's picture

Burning Euro!

It is comical to hear the pundits and economists talk about Greece not leaving the Euro.

Really?  Are you going to annex Greece Europe?  Spain?  Portugal?  Italy?

Good luck with that.

Thu, 05/17/2012 - 10:51 | 2435467 Catullus
Catullus's picture

The Economist is setting up for the "austerity doesn't work. The global bank run caused by the austerity movement. There must be a global central bank to respond and provide for pro-growth solutions while responding to bank runs."

Everything about the non-existent "austerity" was contrived from the beginning. There was never any austerity. It was just something discussed with no specific solution even offered or attempted. The Keynesians will claim even considering austerity caused the bank run.

There's a simple retort: all fiat currencies eventually die. A global currency (the only obvious result of a global central bank) will too.

Thu, 05/17/2012 - 10:54 | 2435499 LawsofPhysics
LawsofPhysics's picture

Yes, this is simply more conformatin that the elite are already well positioned.  Time to shear the sheeple, again.

Thu, 05/17/2012 - 10:51 | 2435472 permafrost
permafrost's picture

Can somebody translate this: http://www.cnn.com/video/?hpt=ieu_t2#/video/business/2012/05/16/chance-m...

I think he asked some interesting questions. And CNN cannot afford a translation? Huh?

Thu, 05/17/2012 - 10:53 | 2435487 LawsofPhysics
LawsofPhysics's picture

By the time something like this appears on "The eCONomist" you know that the elite are already well positioned.  Time to fleece the sheeple, again.

Thu, 05/17/2012 - 10:58 | 2435527 RoadKill
RoadKill's picture

So this means buy Greek equities NOW

Remember thei "end of oil" cover in 1999 at $10 WTI?

Thu, 05/17/2012 - 14:49 | 2436633 Matt
Matt's picture

Here's a collection of oil-related economist covers:

http://www.sais-jhu.edu/centers/geei/presentations/Adam_Sieminski.pdf

1999 - Drowning in Oil

2001 - Addicted to Oil

2003 - end of the Oil Age

2005: Oil: How to avoid the next shock

 

 

Thu, 05/17/2012 - 11:00 | 2435533 Loukanika the r...
Loukanika the riot dog's picture

Even WB7 would be proud of a piece like this

Thu, 05/17/2012 - 11:00 | 2435535 New England Patriot
New England Patriot's picture

The ultimate goal is to absorb Greece in the European political structure. The trend is toward assimilation. If this period of increased riskiness signals anything, it is that Greece is going to be snapped up, not set free.

Thu, 05/17/2012 - 11:01 | 2435544 RoadKill
RoadKill's picture

Hes running the wrong direction.. France, Portugal, Spain, and Italy are to the left.

Thu, 05/17/2012 - 11:04 | 2435556 Joe Sixpack
Joe Sixpack's picture

Hey. That fire is about to engulf Spain, with Italy to follow.

Thu, 05/17/2012 - 11:08 | 2435584 LMAOLORI
Thu, 05/17/2012 - 11:38 | 2435737 junkyardjack
junkyardjack's picture

Was on here yesterday, keep up

Thu, 05/17/2012 - 11:24 | 2435671 Monkeyfister
Monkeyfister's picture

As a Cover Design, it is absolutely brilliant.

Thu, 05/17/2012 - 11:37 | 2435731 junkyardjack
junkyardjack's picture

Why won't Europe close already so US markets can rally?....

Thu, 05/17/2012 - 11:59 | 2435833 Snakeeyes
Snakeeyes's picture

Best Economist cover ever!

Thu, 05/17/2012 - 12:18 | 2435890 Olympia
Olympia's picture

The end of the world is near.

When Barack Obama announced the US (2010) national budget for this year, we experienced unprecedented feelings. Never before had an imperialistic power moved them to pity. This is unthought-of. This year’s deficit is estimated to be $1.6 trillion and its foreign debt has gotten completely out of hand. It hits numbers that only mathematicians and astrophysicists knew existed few decades ago. There is no space for these numbers in the electronic boards so it is driven to add new elements on them.

 It all started with the big crisis of 1929. The American economy reached a deadlock because of its social "pathogenesis"; a deadlock that led it to economic crisis in a different - faster- pace than the rest of the industrial forces of that time. Important decisions had to be made - mostly social - and the Whites didn't like that, especially the Whites' rulers, the Anglo-Saxons.

 

www.eamb-ydrohoos.blogspot.com/2010/02/ten-plagues-of-pharaoh.html

Authored by Panagiotis Traianou

Do NOT follow this link or you will be banned from the site!