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Emergency Meetings Galore: ECB To Hold Crisis Conference Sunday, G20 To Hold Call At 2230 GMT Tonight

Tyler Durden's picture


For a world that has supposedly largely priced in the US downgrade, the amount of emergency conference calls this weekend is a little disturbing. First, tonight at 22:30 GMT the G20 deputy finmins will hold a conference call It to "exchange of information and opinions." Next tomorrow sometime the ECB will hold a separate call in "response to the latest developments in the euro zone's debt crisis, an ECB source said on Saturday." Somehow we think the tangential topic of the historic US downgrade may also be breached. And, as always, the market is sure to be delighted with the outcome of this latest political hodge podge of responses to what is increasingly shaping up like a market perfect storm of epic proportions.

From Reuters:

Deputy finance ministers from the Group of 20 leading economic powers will hold a conference call on Saturday to discuss the crises in Europe and the United States, a Brazilian finance ministry official said.


The official told Reuters the call was scheduled for 2230 GMT.


"It will be an exchange of information and opinions," the official said by e-mail without providing further details.


Investors are eager to see signs of a coordinated policy response among major economies, which might prevent the crises from spreading or getting worse.

And also from Reuters:

The European Central Bank will hold a conference call on Sunday to discuss its response to the latest developments in the euro zone's debt crisis, an ECB source said on Saturday.


Italy's pledge to speed up austerity measures and whether the ECB should buy Italian government bonds could be discussed but the call's focus would be on the broader situation in the bloc, the source said.


Two sources earlier said ECB President Jean-Claude Trichet was due to hold a teleconference over the weekend, and that the ECB remained divided over whether to buy Italian government bonds.

Add Germany's opposition to make a "GDP-for-Italian entitlement benefits" distressed exchange and the fan is on full blast just, waiting for the latest batch of excrement to hit.


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Sat, 08/06/2011 - 13:46 | 1531025 papaswamp
papaswamp's picture

Panic Bitchez!!!!!!....crap we're on fire...arrrrghhh!

Sat, 08/06/2011 - 14:03 | 1531124 Ahmeexnal
Ahmeexnal's picture


die Scheiße hat der Lüfter getroffen


Sat, 08/06/2011 - 14:12 | 1531176 Black Forest
Black Forest's picture

die Scheiße hat den Lüfter getroffen



Sat, 08/06/2011 - 14:21 | 1531217 margaris
margaris's picture

Not necessarily..

What he said could be translated as TFHS.

The Fan hit the Shit!

...which is equally messy..... or wait....

Sat, 08/06/2011 - 16:22 | 1531524 Manthong
Manthong's picture

I heard that Mexico is now building fences to keep poor refugee Americans out.

Sat, 08/06/2011 - 16:52 | 1531608 DoChenRollingBearing
DoChenRollingBearing's picture

Imagine that.  May have to bribe the MEXICAN Border Guards to let us in...

Once in Mexico, it's easier to get to South America if Team USA locks down.

Sat, 08/06/2011 - 18:20 | 1531623 Manthong
Manthong's picture

This one deserves a thread of it's own:

And.. "like a seventh grade boy" has meaning on so many levels.


Sat, 08/06/2011 - 14:32 | 1531255 LetThemEatCake
LetThemEatCake's picture

Ja, mein Herr, das hat sie!


Sat, 08/06/2011 - 18:51 | 1531862 IQ 145
IQ 145's picture

If this sort of thing continues, high officials will be missing their golf dates, and dinner with the mistress, on the weekends; personally, I wouldn't put up with that kind of shit.

Sat, 08/06/2011 - 13:47 | 1531026 mynhair
mynhair's picture

Very bullish.....for tradition.

Sat, 08/06/2011 - 13:47 | 1531033 BrianOFlanagan
BrianOFlanagan's picture

very bullish for cash $$$.

Sat, 08/06/2011 - 13:51 | 1531054 caerus
caerus's picture


Sat, 08/06/2011 - 15:36 | 1531431 Spitzer
Spitzer's picture

Yeah, it is very bullish that the CREDIT that backs the dollar was downgraded.

Fuck what a stupid comment but the poblem is that stupid fucks like you are the majority of the market so you might get your dead cat bounce in the dollar on Monday. I doubt it will be as big and as long of bounce as 2008 though.

Sat, 08/06/2011 - 16:06 | 1531482 THE DORK OF CORK
THE DORK OF CORK's picture

Spitzer - it could be a bait & switch operation to protect the Euro.

The fact that the ECB is not printing money to bail out Italy is disturbing - Italy would be  servicing less debt then Germany if it had American interest rates.

Sat, 08/06/2011 - 16:11 | 1531489 MsCreant
MsCreant's picture

More like, "hey look at me, not over there," but yeah, I had the same thought but dismissed it as the tin hat weighing heavy on my head.

We give them too much credit and make up stories because THEY DON'T TELL US THE TRUTH and we must fill the narrative vacuum with something or implode!

Sat, 08/06/2011 - 16:44 | 1531586 DoChenRollingBearing
DoChenRollingBearing's picture

Tinfoil Hats bitchez!


As you wrote on another thread MsC:

SJGR.  Yes indeed.

Sat, 08/06/2011 - 16:15 | 1531510 Spitzer
Spitzer's picture

Trichet see's the reserve currency up for grabs and he knows that it is not going to take much to out wit bernanke. He prints a bit, raises interest rates, lets countries bond markets blow up ect. This is all long term positive for the Euro.

Sat, 08/06/2011 - 16:42 | 1531578 malikai
malikai's picture

It would be a real shocker if the ECB came out on Sunday night saying they were going to raise rates and at the same time they would not bail out anybody else. That would seriously fuck over Benocide's plans for QE5000.

Sat, 08/06/2011 - 17:22 | 1531670 Spitzer
Spitzer's picture

 I wouldn't count it out.  It is more likely that they raise rates and do some minor bailouts. The raising of rates would cause capital to rush to the EU which would help the whole situation.

Sat, 08/06/2011 - 19:28 | 1531922 caerus
caerus's picture

stultus magnus est

Sun, 08/07/2011 - 11:34 | 1532583 DaBernank
DaBernank's picture

Spitzer, what are you smoking to be so sanguine about Europe and the ECB? Wish I had some because from here inside the EU projekt, things are quite bleak.

I'll repost some of what I wrote on another thread.

The ECB does not control much of anything, not policy and not much of the gold, that belongs to the sovereign nations themselves: Portugal 421.5 tons, Netherlands 674.9 tons, etc. The ECB only has 553.3 tons or 30 billion USD worth. If you think Portugal will give up its gold horde for a bunch of ECB paper, well, I hope you would be wrong but anything's possible with politicians.

Our massively overvalued € aside, the mechanisms of "Europe" to deal with a crisis of the magnitude of Italy and Spain being far beyond US-levels of bankrupt (which we have know about for well over a year) simply do not exist. Italian debt at 120% GDP, that's the 3rd largest country in the EU. Here in Austria, the number of people with mortgages to pay in CHF is simply astounding and in our next-door neighbor, Hungary, it is even more dismal. Guess who is the "Countrywide" in this situation, Bank Austria, owned by Unicredit.

The national identities within Europe will agree to cooperate but will not allow truly painful sacrifice of its citizenry for the well-being of another nation, because at the end of the day, European Parliament doesn't matter at all. Germany et al have our own elections to consider and the "political will" often bandied about by punditry can be replaced with Right-Wing nationalist parties at the next election cycle and "poof" the European projekt will vanish like so much smoke, and the EUR will be good for stoking fires alongside the USD, especially after Germany closes all of its nuclear plants and becomes even more reliant on Russia for energy.

Sat, 08/06/2011 - 19:17 | 1531901 caerus
caerus's picture

it's etc. asswad as in et cetera from the Latin for "and so on"...don't fuck with latin...

Sat, 08/06/2011 - 19:04 | 1531884 caerus
caerus's picture

the biggest "poblem" is that irony is lost on idiots...thanks

Sat, 08/06/2011 - 16:02 | 1531472 Cleanclog
Cleanclog's picture

Very bullish . . . for shiny jewelry - gold, silver, platinum, diamonds, emeralds, rubies.  Start sewing them into your clothing - but no getting on airplanes!

Sat, 08/06/2011 - 13:47 | 1531028 BrianOFlanagan
BrianOFlanagan's picture

worldwide deflationary collapse seems unavoidable.

Sat, 08/06/2011 - 15:55 | 1531460 Taku
Taku's picture

Worldwide Ponzi revelation seems unavoidable.

These 'elite leaders' could start meeting and talking to each other 24 hours non-stop and still produce nothing of substance.

Sat, 08/06/2011 - 16:39 | 1531564 unununium
unununium's picture

Bitcoin market is open for business 24-7 and is registering a 33% decline.

Sat, 08/06/2011 - 17:15 | 1531658 mind_imminst
mind_imminst's picture

The FED and ECB will put their best hyperinflationary foot forward before the collapse. Whether it is deflationary or inflationary, we end up in the same place. Deflationary depression would be quicker, more fair, and easier to manage than hpyer-inflationary.

Sat, 08/06/2011 - 13:50 | 1531038 dontshoot
dontshoot's picture

So... Long Dec31 gold, long Sept FAZ for hedge in case of liquidity run? -_-

Sat, 08/06/2011 - 13:49 | 1531039 dontshoot
dontshoot's picture


Sat, 08/06/2011 - 13:49 | 1531044 King Dong
King Dong's picture

Berlusconi will offer up some of his whores as collateral

Sat, 08/06/2011 - 13:50 | 1531052 dontshoot
dontshoot's picture

That is an italian bail out I can buy into.

Sat, 08/06/2011 - 14:00 | 1531110 Ahmeexnal
Ahmeexnal's picture

whatever happened to Cicciolina?

Sat, 08/06/2011 - 14:44 | 1531311 caerus
caerus's picture

"ladies...who would like to ride the berlusconi pony?  seriously?"

Sat, 08/06/2011 - 16:43 | 1531581 snowball777
snowball777's picture

Wow, they really are taking any kind of trash these days.

Sat, 08/06/2011 - 13:52 | 1531058 doomandbloom
doomandbloom's picture

they are in a quicksand....better for them to not make any unnecessary movements now...if they do they will take the all of us down...

Sat, 08/06/2011 - 14:01 | 1531117 wang (not verified)
wang's picture

sadly there is no such thing as quicksand

a creation of Hollywood

Sat, 08/06/2011 - 16:47 | 1531592 snowball777
snowball777's picture

No, hydrogels exist, it's the sinking into them uncontrollably that's fiction.

Sat, 08/06/2011 - 18:51 | 1531864 wang (not verified)
wang's picture

ya ya with a name like snowball, you'd know

I stand corrected

Sat, 08/06/2011 - 14:16 | 1531194 TruthInSunshine
TruthInSunshine's picture

OBLAHma, BernBLAHnank, GeithnerBLAH, TrichetBLAH, MerkelBLAH, SarBLAHkozy, BLAHberlusconi...






A quote from The Bourne Identity is appropriate to all the talkers, the TOTUS, and all other BLATHERERS:

Why don't you go upstairs and book a conference room. Maybe you can talk him to death

Sat, 08/06/2011 - 13:52 | 1531059 Ghoaster
Ghoaster's picture

Damn do I love my PM's today

Sat, 08/06/2011 - 16:47 | 1531595 DoChenRollingBearing
DoChenRollingBearing's picture

+ $1660 and green.

Sat, 08/06/2011 - 19:54 | 1531954 Stares straight...
Stares straight ahead's picture

Gold was mostly sold out in the early morning of our local coin show, today.  What was left (scraps) was selling at a $2200/ounce.  Highly unusual for these guys, I have known them for 5 years.  Silver was variable (hot and cold) depending on dealer. 

I am wondering where the flight to safety will be Monday and highly suspect it will be to gold.  However,  I would be suprised to see the dollar fall much.  We'll see.

Sat, 08/06/2011 - 13:53 | 1531061 THE DORK OF CORK
THE DORK OF CORK's picture

This is it Bitches , freegold serfdom or Dollar reserve serfdom   - the Dollar Bitches Vs the Freegold Whores.

I am a Gold trollop but will take dollars on Monday if they can pay my bills........................................

Sat, 08/06/2011 - 16:49 | 1531601 DoChenRollingBearing
DoChenRollingBearing's picture

Dollar Bitches vs. Freegold whores...  Quite a choice there DoC.  I see you (correct?) over at fofoa, excellent comments.

Yeah, on Monday I will take either money, and get even more prepared.


Sat, 08/06/2011 - 19:04 | 1531882 IQ 145
IQ 145's picture

Silver. it's not magic. it's rational. it outperformed gold hugely over the last ten years. you can own it a; read all about it on their website.

Sat, 08/06/2011 - 13:53 | 1531063 lesterbegood
lesterbegood's picture

"Investors are eager to see signs of a coordinated policy response among major economies, which might prevent the crises from spreading or getting worse."


Sat, 08/06/2011 - 14:37 | 1531274 dolly madison
dolly madison's picture

Yeah, that quote was what stood out for me too.  The world would be a better place without coordinated policy.  Globalization has been so bad for the world.

Sat, 08/06/2011 - 14:47 | 1531325 RiverRoad
RiverRoad's picture

Right.  And god help us all in that event.

Sat, 08/06/2011 - 19:06 | 1531887 IQ 145
IQ 145's picture

It has been neither good nor bad for "the world". It's a code word for send all your money to China; propaganda to the contrary not-withstanding.

Sun, 08/07/2011 - 07:44 | 1532467 Smiddywesson
Smiddywesson's picture

The only thing they have to coordinate is to quash any panicked gold buying by their fellow co-conspirators.

Sat, 08/06/2011 - 13:56 | 1531078 Everyman
Everyman's picture

They are having a monkey shit fight at what time of the night?  Isn't that a little late to keep monkey's up in the evening, they need their sleep?

This may cut into their sexual assault hobby and their prostitute time as well.


Sat, 08/06/2011 - 16:46 | 1531590 malikai
malikai's picture

It's ok dude. They're doing a call so it can happen between the raping and pillaging.

Sat, 08/06/2011 - 13:56 | 1531083 wang (not verified)
wang's picture

the one true sign of crisis is if Roubini opens up his site to non-subscribers like he did in 2008

Sat, 08/06/2011 - 14:07 | 1531146 Brian
Brian's picture

I, personally, will never go to that man's site again.

I was an avid contributor to the site until, at one point, Roubini made a post that basically said the only way to save the world was massive QE.  I posted that QE would become a mechanic that would end up only prolonging the pain by artificially holding up the economy, and that it would require a second, third and nth round of additional QE to infinity.

I then suggested the NR should rethink his position, lest he go down in history as having predicted one downturn only to suggest a solution that was clearly destined to fail in the long run.

For that post, I was banned from the site, basically for suggesting that not everything NR said was by definition perfect, and that the man himself could never be questioned.

At this point, I think I can claim that I was right, and that he was wrong, and that banning me from the site (only later to ask me repeatedly to return) was bullsh**

If he isn't open to constructive and well thought out criticism, why should I contribute.  It was through that good fortune that I came to ZH and have been here ever since.


Sat, 08/06/2011 - 14:26 | 1531231 wang (not verified)
wang's picture

The only person I know who was banned from Roubini's site was that really angry guy John ... what's his face ... it will come to me


or maybe your referring to this, if so my deepest sympathies


Party-having economist Nouriel "Dr. Doom" Roubini is no longer inviting reporters to parties in his vagina-studded loft, we hear!


(and don't be deceived, there are some "disappeared" here at ZH too)

Sat, 08/06/2011 - 15:37 | 1531436 Broomer
Broomer's picture

These disappeared users always leave a ghost of themselves.

I think they were banned or something like that.

For example, this one. Click on a name of any user in this page. You will be redirected to his posts.

However, with the one above you get some error message. There are ban hammers everywhere.

Sat, 08/06/2011 - 18:17 | 1531770 wang (not verified)
wang's picture

John Ryskamp was the name of the guy I was thinking of who was banned with great fanfare at the old RGEmonitor Roubini blog

November 14th, 2008 at 12:24 pm. John Ryskamp is permanently banned from this site and blog. His vulgar, crass, insulting, demeaning, scatological and foul language is unacceptable


You got to give Roubini credit for explaining his rationale as far as I know he was the only one banned from RGE  you gotta love that word 'scatological'


Oh and it seems that Roubini set up a (non subscription) blog site apart from - wonder who's there?

Sun, 08/07/2011 - 07:42 | 1532466 Manipulism
Manipulism's picture

Two days ago I get this mail from RGE:

Roubini Global Economics strategy clients were recently sent the following piece that RGE strategists Gina Sanchez and Ibrahim Gassambe published on August 1, 2011 alerting them to the change in growth outlook which was not yet priced into the markets.
Keep Your Eyes on the Macro Data

“It is clear to us from Friday’s [July 29, 2011] market reaction that the market has still not fully discounted the awful growth picture because if it did, the S&P would be a lot lower than it is trading.”
Let Roubini Global Economics help you stay on top of the global economy by becoming a client today.

Roubini is a Tool.

Sat, 08/06/2011 - 13:58 | 1531091 Doyle Hargraves
Doyle Hargraves's picture

TPTB are just coordinating their stories lest one of them slip and say the wrong thing in public. They are probably also coordinating the controlled demolition of BAC on Sunday. Never let a "crisis" (even a manufactured one) goto waste Bitchez!

Sat, 08/06/2011 - 16:57 | 1531621 DoChenRollingBearing
DoChenRollingBearing's picture

ATM money, bitchez!

Sat, 08/06/2011 - 14:02 | 1531113 Village Idiot
Village Idiot's picture


Sat, 08/06/2011 - 14:07 | 1531147 caerus
caerus's picture

conference calls are sooooo hot right now...

Sat, 08/06/2011 - 15:13 | 1531402 zorba THE GREEK
zorba THE GREEK's picture

Conference calls are very hot now, for example:

Timmy in call to Merkle: We will send you $3.5 Trillion newly printed U.S. dollars right now for you to bail out Europe.

For which we will keep all your gold that we are storing for you. Okay?

Sat, 08/06/2011 - 14:09 | 1531159 RobotTrader
RobotTrader's picture



"Fire in 'da Hole!!!"

"Man your battle stations!!!"

Sat, 08/06/2011 - 14:56 | 1531350 Bolweevil
Bolweevil's picture

I'd like to put some fire in your hole nasty girl. Respectively.

Sat, 08/06/2011 - 19:11 | 1531896 disabledvet
disabledvet's picture

i think you spelled that wrong. then again maybe you're a moron.

Sat, 08/06/2011 - 18:21 | 1531791 kito
kito's picture

robo, why havent you told which stocks will fly up monday following tomorrows QH1 (Quantitative Heaving-we are past 'easing' into anything at this stage)? rumor has it the central banks will be injecting 20 trillion units of heroin/dollars into the worlds bloodstream. should we go with tech stocks? what do your omnipotent charts tell us? dont hold back robo

Sat, 08/06/2011 - 14:14 | 1531183 silvertrain
silvertrain's picture

short selling will be illegal

Sat, 08/06/2011 - 14:41 | 1531292 caerus
caerus's picture

blah...blah..."evil speculators"...blah...

Sat, 08/06/2011 - 17:14 | 1531656 El Viejo
El Viejo's picture

Not illegal. I just heard they will tax it more than going long. Short all you want but da guv gets 90%.

Sat, 08/06/2011 - 14:20 | 1531191 Use of Weapons
Use of Weapons's picture

The game of 'pass the parcel' at Obama's birthday party is going to be fucking Biblical...



Hot from the desk, Putin gets his invite -

Sat, 08/06/2011 - 14:43 | 1531304 caerus
caerus's picture


Sat, 08/06/2011 - 14:16 | 1531202 DormRoom
DormRoom's picture

The G20 should just call Hugh Hendry, and ask him and his wolf pack, to please stop.

Sat, 08/06/2011 - 14:16 | 1531203 oogs66
oogs66's picture

Can Europeans function without summer vacation? Isn't August holidy built into their consitution?  They have never had to work so hard.  Bet you they wish they had let Greece fail last year!

Sat, 08/06/2011 - 14:18 | 1531211 silvertrain
silvertrain's picture

The IMF says we avoided economic problems,

Sat, 08/06/2011 - 15:05 | 1531385 citrine
citrine's picture

Sounds like a joke of the day...

Sat, 08/06/2011 - 14:29 | 1531245 digalert
digalert's picture

NewsFlash USA:

DHS declares S&P terrorist organization.

Sat, 08/06/2011 - 14:48 | 1531326 marcusfenix
marcusfenix's picture

now that's good stuff...

Sat, 08/06/2011 - 14:38 | 1531277 TK7936
TK7936's picture

Not sure if Merkel has balls.

Sat, 08/06/2011 - 15:00 | 1531338 THE DORK OF CORK
THE DORK OF CORK's picture

she has a decent pair of tits  - shame about the rest.

 Maybe big enough for the Teutonic Tribe but not enough for the Irish , Iberians , Italians , Greeks , French etc etc.

Print bitches - the fiscal fiasco is so over.

Sat, 08/06/2011 - 17:02 | 1531632 DoChenRollingBearing
DoChenRollingBearing's picture

Ha ha the video!  

Maybe we now know why George W. Bush gave her the mini-massage that had everyone so mystified???

My bankerette in 2007 told me:

"Don't worry, they'll just print the money."

Sat, 08/06/2011 - 14:52 | 1531341 RiverRoad
RiverRoad's picture

Her days are numbered; the German people are sick of her.

Sat, 08/06/2011 - 14:58 | 1531356 Bolweevil
Bolweevil's picture

Emergency meeting at O'Blarnahan's stat! First round on me. Go Eagles! 

Sat, 08/06/2011 - 15:04 | 1531380 Troy Ounce
Troy Ounce's picture



Monday: Green shoots!


Sat, 08/06/2011 - 15:09 | 1531392 PulauHantu29
Sat, 08/06/2011 - 15:40 | 1531441 4realmoney
4realmoney's picture

I'm sure one talking point at all these meetings is how to suppress the price of Krugerrands.

Sat, 08/06/2011 - 15:42 | 1531443 Arch Duke Ferdinand
Arch Duke Ferdinand's picture

Archduke Ferdinand....Assassination....World War 1....

Eight Reasons Young Americans Don't Fight Back: How the US Crushed Youth Resistance

""The ruling elite has created social institutions that have subdued young Americans and broken their spirit of resistance.

Traditionally, young people have energized democratic movements. So it is a major coup for the ruling elite to have created societal institutions that have subdued young Americans and broken their spirit of resistance to domination....""

OT: 2 min video...hilarious

Wrong Side Up...

Sat, 08/06/2011 - 16:13 | 1531500 Whatta
Whatta's picture

So many events...such a confluence forthcoming.

One can't help but wonder if tptb are colluding in some Bilderbergian way.

Maybe trading a little silver for alot more lead is warranted.

Sat, 08/06/2011 - 16:13 | 1531502 leono
leono's picture

Again and again, Conference call with Sarkozy and Obama, and the german Michel pays the bill.

The EU is Versaille without war, Germany is paying for everyvone.

Sat, 08/06/2011 - 18:18 | 1531514 Nate H
Nate H's picture

Not sure where markets will go (other than equities down), but one thing I will predict: a week from now, there will be fewer freedoms for the average person. (Hopefully only slightly fewer)

Sat, 08/06/2011 - 16:48 | 1531594 slewie the pi-rat
slewie the pi-rat's picture



"enquiring minds want to know" : 

why tf don't these people ever take care of this shit during the week?

Sat, 08/06/2011 - 16:51 | 1531604 dot_bust
dot_bust's picture

I can't wait to see the futures tomorrow night. All currencies should be down at least 2% across the board, except for the Yen and Swiss Franc.

If there's still a Yen carry trade, there won't be within 48 hours. The unwind of the carry trade should force mass liquidations across the board, including a temporary sell-off in commodities. Once that's over, commodities will skyrocket as buyers pile in to take advantage of the dip.

This will be a huge buying opportunity for commodity traders.

Sat, 08/06/2011 - 17:31 | 1531684 Fix It Again Timmy
Fix It Again Timmy's picture

All participants are advised to wear Depends; plenty of air fresheners will be provided...

Sat, 08/06/2011 - 17:37 | 1531699 Bansters-in-my-...
Bansters-in-my- feces's picture

Pop-Corn and arm chairs........

Yee Haw...!!!

Sat, 08/06/2011 - 17:51 | 1531729 kito
kito's picture

mish of global economic analysis couldnt have summed up the coming meeting any better:


Summary of Meeting Agenda 

Few details have been released on the "secret" meetings but I have a list of agenda items in advance.

  1. How to kick the can down the road
  2. How to make it look like we are not kicking the can down the road
  3. How to get Germany to agree to kick the can down the road
  4. How to silence Germany if Germany refuses to kick the can down the road

Sat, 08/06/2011 - 17:56 | 1531735 Slap That Taco
Slap That Taco's picture

Did you guys know that beer drinking is on the decline in GB?

The royal pint is in serious trouble!

Sat, 08/06/2011 - 17:59 | 1531752 TheJudge2012
TheJudge2012's picture

China calling for a new stable global reserve currency.

Sat, 08/06/2011 - 18:36 | 1531824 rsnoble
rsnoble's picture

I'm gonna call 911.  That would actually be hillarious.  Save me motherfucker!  My 40lk's gettin crushed!  Well there went the first 12 pack.  A little later I load up the cooler on the 4wheeler, grab the gun and head to the creek.  It's rather stress relieving. 

SuperGay20 good luck.

Sat, 08/06/2011 - 19:01 | 1531879 gwar5
gwar5's picture


Hard for me to believe the USA is collapsing at the same time as the EU without some deliberate coordination and plan.

The USA doubled it's national debt in just 5 years. That's too stupid to do, and unbelievable, unless it was purposefully done to create a new WRC.

We knew that day would come but it's quickening now.

Sat, 08/06/2011 - 19:12 | 1531895 Cursive
Cursive's picture


Emergency Meetings Galore: ECB To Hold Crisis Conference Sunday


Just imagine the catering and alcohol bill for this shindig.  Also, no hotel maid or street walker will be safe.


Sat, 08/06/2011 - 20:07 | 1531974 winning
winning's picture

sounds like my kind of party ...

Sat, 08/06/2011 - 19:41 | 1531939 Mises
Mises's picture



Sat, 08/06/2011 - 19:42 | 1531941 GD
GD's picture

Ok..G7 rich f-ups now call G20 for a meeting. Since G7 will soon be Emerging Markets, G7 now calls the suckers G20 to discuss a solution for their f-ups.

Brazil Bovespa is down over 23.60% YTD and its currency overvalued against USD, kiiling exports..Q3 on the way and more pain..

G20 guys can't print money like Bernie and gang. A lot of these G7 counties should be BBB..

The reality of our sad condition is unfolding, no hiding anymore..



Sat, 08/06/2011 - 19:43 | 1531943 Atomizer
Atomizer's picture

ECB: Our 1913 ponzi scam has been exposed. We need to lockdown the internet. Too many terrorist have caught onto our plans. LOL

Sat, 08/06/2011 - 20:11 | 1531982 treemagnet
treemagnet's picture

The car bouncing off the guard rail just found a weak spot and punched through.  Lets get it over with once and for all.  They'll print some more, and assure this, guarantee that, but we all know the count - they're holding a pair of two's and its show your cards "all in" time.  Fear and glee.  Who would've thought Germany would be the lynch pin a year ago....two years ago.  Watch these fuckers blame it on something like China or business investment or whatever.  Guess we find out whose been swimming naked next week when the tide goes out, eewwwww!

Sat, 08/06/2011 - 21:24 | 1532086 raya123
raya123's picture

The conferences are being held for the purpose of announcing good news, just before Asian markets open on Sunday. Does anybody really think that the ECB, etc. will announce bad news tomorrow? Not likely, given that Obama has been consulting directly with Merkel, Sarkozy, et al since Friday.

Sun, 08/07/2011 - 07:34 | 1532454 Smiddywesson
Smiddywesson's picture

Make no mistake, the two main topics of the G20 discussion will be:



1.  "Don't panic, just keep buying gold slowly"

2.  "Which one of you fu#ks is buying more gold than their share?  It's you China, isn't it?"

Sun, 08/07/2011 - 08:11 | 1532486 savagegoose
Sun, 08/07/2011 - 11:02 | 1532500 Cman5000
Cman5000's picture

This is a side issue but just to make sure we go into total crazy land From the Turkish Prime Minister Tayyip Erdogan gave a stark warning to Assad on Saturday that his country's patience is running out with Syrian regime over its bloody crackdown on protesters.

"Our patience s running out. Therefore I am sending Turkish foreign minister to Syria to hold all the necessary talks there," Erdogan said. I think Turkish troops are going to go into Syria ... Welcome to the party pal.

Wed, 09/14/2011 - 04:59 | 1667467 chinawholesaler
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