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Europe Says Europe Has "Lost Credibility"
Deeply philosophical headlines, via Bloomberg, from our European allies:
*GERMAN BDB BANKING ASSOCIATION SAYS EBA `HAS LOST CREDIBILITY'
*GERMAN BDB BANK ASSOC. CRITICIZES EUROPEAN STRESS TESTS
*BDB SAYS STRESS TESTS HAVE NOT HELPED STABILIZE THE MARKET
*BDB SAYS GERMAN BANKS ARE NOT UNDERCAPITALIZED
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I disagree. They never had it to begin with.
Timmy flew all the way over there to tell them to do a stress test, and everything will be OK.
Translation error, they actually said Europe has no Credit Ability.
Meanwhile, Belgium finally has a PM. An italian communist free mason.
http://en.wikipedia.org/wiki/Elio_Di_Rupo
But does he look like a giant fudgesicle and wave his arms up and down continuously?
pods
*BDB SAYS GERMAN BANKS ARE NOT UNDERCAPITALIZED
** HARD1 says BDB also lost all credibility
What they really said is that they lost credibility amongst those with no credit.
(because as posted above they had none elsewhere)
hemmm... he was born in Belgium (if you are born in the US you can...)
he is since ages in Belgium - plenty of communists in Europe, in Italy one of them is Prez - Free Mason? I thought they founded the USA? what is now wrong with Free Masons? Are you an old-school Catholic that you are against FreeMasonry?
The continent needs leadership.
You think someone like this tool will offer true leadership?
On second thought, it does seem like all of Europe will soon follow his example and "take it in the ass".
Tyler, this is nonsensical: "Europe Says Europe Has "Lost Credibility""
So when I read ZH I could quote "the US says this and that about the US?"
It's a banker association - whenever they scream, I'm happy
And to remind the Greeks to pay their taxes.
He won't even pay his own taxes.
The stress test should be water boarding every Bankster in an effort to find all the stolen MF Global money.
Europe Says Europe Has "Lost Credibility"
Does that mean they are credible?
lol, the Euro has no credibility. There is no way anything will happen during the European conference. No way they can get the treaty changes done in a realistic timeline and there is no way they'll hash out a workable plan within 24 hours. Prep the deer!
And we do??
Pot says kettle is black
Speaking of no more credibility (cough...technical analysis), remember when that gap down there at 1235 could mean something on a day like today?
Whoever junked that, is either a homo, vagina owner, disgrace or Robot.
Just sayin'
today you flaunt your posting rights for the common good, I see - really nice
together with the screaming of the banksters in the headline, it makes a good article
The whole false rally needs to be retraced if you ask me and we'll fall through 1150 on the S&P... with lots of momentum. Going to be a horrific Monday open after a bloody Friday close.
Anyone had 'credibility' to begin with? For 3 years, its been all about who can monetize the debt the fastest, now they whine that no one takes them seriously?
Reap what ya sow, bitchez!
I haven't bumped into many people that have actually read these treaties... there is something very weird about that. The talk of the changing of treaties has become as casual as the changing of socks.
Wasn't that "cue the deer?"
I'll be happy without the deer as long as someone fills that beautiful gap, she's quite lovely ;-)
This statement implies they had credibility in the first place.
But, what about the santa rally..? 3 p.m. maybe..
Harold shot Santa in the head. The rally may be delayed while Kumar stitches him up.
Deep Thoughts...
Pesky credibility.
Always shifting from one jackass to the other.
Credibility like funduhmentals is thing of past. Now we have "background checks" by venal bedoun whores whose barameters of what's good and just is so fucked nothing really matters much anymore....
desperation
When a girl loses her virginity she can never get it back but she did have it once.
EU never had credibility, I asked Nigel Farage. You can't lose what you never had
They offer a course at the local trade school on the repair and maintenance of virginity.
more fool the world for having put 25% of their reserves in Euro currency. If the Euro sinks so do the assets held by others denominated in Euros...mama mia!
All 40 T of it, if you include private sector bank assets.
BDB is Baghdad Bob? Right?
Stress Tests are a joke, The leaders are a joke, and these stupid summits are a joke
Zees are naught zee zombie bankz you are looking fur.
credit should be given to "Night of the Living Dead Euro"
or was that "Euro Wars"?
Europe says Europe has "Lost Credibility" - is this statement credible?
The incredible European Credibility Crisis coming to a theater near you just in time for Christmas.
Now in 3D
Popcorn extra.
German banks not undercapitalized, uh huh.
Lost credibility? Naaaaah! FRAUD Street still has the Hopium drip in its arm.
+100 for Fraud Street meme. Can we get the sign changed?
Stop hitting yourself! (@ 4:55)
tomorrow NIFTy could well fall 250 points ...and hit those wild targets i had been dreaming whole week:::
http://markettechnicals-jonak.blogspot.com/2011/12/nifty-short-opportunity.html
Europe never had credibility. They really have nothing to lose.
In other words the D-marks have been printed, distributed and are ready for use.
My thoughts exactly. Euro is going downnnnn
Boss glares with rage....
Jack punches himself in the nose. Blood starts to trickle.....
This is almost as ridiculos as Tim Geithner suguesting he lost credibility.
I'm a new poster and I just don't get it...
looks like a bunch of snakes eating each other to me.
Actually you do get it. Finance is now Ponzi, fraudsters selling fraudulent securities to each other in a fast paced game of nuclear hot potato.
Last man standing wins, unless he is holding the nuclear potato.
Trouble is, in their enthusiasm for the game, they created more potatoes than there are players. So no matter what, even the last man has at least one potato. Thus the frantic efforts to learn juggling endurance.
Spanish newsagency Efe has calculated the cost of each crisis summit and ended up at 10 million euros a piece. Adds more credibility to eurocommunism, especially in this age of "austerity".
http://www.euroefe.efe.com/1311_noticias/1385018_cuanto-cuesta-una-cumbr...
So they are boosting GDP?
Naturally. And i have a gut feeling that the decision for the "pea shooting EFSF-CDO Swiss Armyknife" to start issuing short term bills is to fund the catering and stuff at these meetings. More debt-->more "growth". The good ol' Keynesian recipe for long term prospeereetee and stabeeleetee.
I do not think Germany wants to socialize the EU's debt, because they know the IMF will be there with a big fat American check.
Germany has a lot of their gold in New York. Any EU country that has gold in New York or even London can kiss it goodbye if the IMF gets involved. These crooks always go after real assets. Oil, natural resources etc. They leave a swath of poverty, environmental destruction and death in their wake.
I think Germany knows their gold is gone if they create one big debt pool financed by the IMF(USA). And the USA will need lots to confiscate someday for a new currency.
France does not care, as they pulled their gold out of NY a long time ago.
Redefines the concept of "rock and hard place." Bankers have been positioning for the "checkmate" moment for decades now. We are witnessing the final moments of the game now. Every move has virtually zero margin of error. Behind the scenes in this circus, the strings must be getting yanked pretty damn hard.
Did rickards tell you all this crap or do u have proof?
We are moving to the place Germany, Merkel, wants to take this show: the EU balks at this ultimatum tomorrow, Cameron as the others, and Merkel says auf-weedersein to Euro and starts the DM, leaving France and Club Med to handle the Euro shit.
If Germany pulls out then it can print its DMs to protect its own nationalized banks against bank illiquidity and let the bank run crush the rest of humanity.
I have the gut feeling this is what Germany wants, if the FED wont carry the whole show on its own backs, as it is the US banking cabal that this thing is supposed to protect. All 100 T of it in derivative debt mountain, forget sovereigns which is just the trigger not the Ali Baba's cave of nothingness. And Germany cannot pay that type of shit.
SO Geithner, on the 9th this thing could go kaput; and the ball is back in the court of FED/US treasury as the Euro banks melt pronto. We're into contagion big time!
It would be nice if you'd always make these headlines into links so we can go and see in what way the German bankster assoc. is criticizing the EBA. For instance, their compliant that the EBA "has lost credibility" could mean that they believe the stress test figures are too lenient or too harsh. It was only via a Google search that I find they unbelievably think that the stress tests are too harsh!
No Guff Chet. IT WON'T WORK!! It's just a stall tactic!!!!!!!!!!!!!!
ECB Does Quantitative Easing, Eurozone Bonds Drop, Franco/German Proposal In Jeopardy
http://confoundedinterest.wordpress.com
To my friends at the German BDB: "What was your first clue?"
http://vegasxau.blogspot.com
market will be back to flat for the day and euro close to 1.34...dont say i didnt warn you...watch for the squeeze
XRT down a paltry 45 cents. Consumers are stronger than ever.
Robo drooled on his pillow as he slept in this morning. The sun was breaking through his curtain. It was another sunny day in L.A.
He mumbled as he dreamed. But then his mother shouted, splintering a dream of Mandy Drury in a dress made of dollars..
Sure, they are. Everybody is in good shape, and well - positioned for the recovery. People lose credibility, when they lie. This is most obvious in financial transactions because every conflict has a commercial root. A bank's greatest fear is a run on the deposits. The banks in Germany don't want to see depositors lined up for blocks, waiting to withdraw their funds.
There has already been a silent run on the Euroland banks for some time. All being 'managed' and kept extremely top secret. The US banks are likely also experiencing a run, which obviously is not being reported. Suffice it to say the Bernank is very busy these days typing digits.
The EU lost its creditabilty when they stated, a soft default is not a default.
They mean they have no 'credit ability'.
12-08 12:39: Irish banks do not need more capital according to the central bank
Well of course they don't. Just like in 2010 they didn't riiiiight?
Lost credibility? Since when do liar (SPECTRE-like) government officials have any 'credibility' to lose?
SPECTRE (SPecial Executives for Counter-intelligence, Terrorism, Revenge and Extortion)
The whole financial system is insolvent and does it take the idiotic moves of some sucker like Corzine to continue to point to the fact that nothing is fixed, but even worse. This pathetic circus show does nothing to fix the problems-- [re]hypothecation, fractional reserve lending, central banking are symptoms of a greater problem (as ZH so succinctly pointed out) the monster that has become government is too dependent upon the false profits of the financial system (poof magic) and is hell bent to propping up a black hole and will throw any and all capital at it only to grow the black hole bigger and then bam: event horizon for us all.
Put these assholes responsible (politicians, policymakers, central bankers, and bankers) to justice before they entirely destroy the entire future for us.
Debt slavery will never take hold.