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Europe: We've Done All We Can, Now It's America's Turn To Help
Cue the fireworks in 3...2...1...
- FRIEDEN EUROPEANS CAN'T DO MUCH FOR GREECE BEYOND AGREEMENT - BBG
- FRIEDEN: GREECE NEEDS STRUCTURAL REFORMS, SHORT-TERM FINANCING - BBG
- FRIEDEN: GREECE HAS HISTORY OF PROBLEMS IMPLEMENTING DECISIONS - BBG
- FRIEDEN: GREECE SHOULDN'T BE IN EURO-ZONE IF CONDITIONS NOT MET - BBG
And... drumroll please:
- FRIEDEN SAYS HE WISHES U.S. MORE INVOLVED IN STRENGTHENING IMF - BBG
Translation: Hey America, we've done all we can, now it's your turn to sustain the Ponzi. Because if we go, you go.
The upside: think of just how much faster the latest and gratest $16.4 trillion debt target will be breached if America simply issues Greek bonds with a US guarantee. Like it did in that other foreign policy success story - Egypt.
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why do i get a queesy feeling futures will be up in the morning. I hope i'm wrong like all my short positions for the past 6, 7,8 days. i really am at the edge.
this is my personal Elliott Wave count with projection for the next few days generally...it has been working for me
I throw it out there because...the TOP could be in ...yet we see some back and forth volatility before the down action gets REALLY started....after where i labeled II (last label in orange)
http://jeffreygtc.blogspot.com/2012/02/monday-february-13th.html
maybe you are getting that feeling because somewhere in the back of your mind you are realizing that the /ES is up about 125 points since the US downgrade?
An American had met an Italian, a German, and a Frenchman for lunch - they ate like pigs and drank themselves stupid. After many hours of over indulging the waiter brought the bill - OUCH - it was huge - all members at the table looked at each other then back at the bill in the center of the table........The American pipes up "I'm just going to the can back in a minute".........................................
To which the Italian, German, and Frenchman replied...
"You can't do that... we just kicked it down the road!"
Right, right...I got it. US bailout the world. Problem is Obama's mini credit boom may not last to his re-election (by a c-hair). So OWS2 will hit hard, that and the private sector will shed the biggest amount of jobs in history next 6mths once the credit bubble pops, on-top of that inflation eating every body's income, credit, profits, flesh...
No. We are ALL speeding towards the endgame. With China meltdown sprinkled on top.
Dear chump,
it's ok om
In the end it comes back to us. Any why then should the Euro be 1.30?
Can we have Santorini?
"Global Economic Unrest" overtook Terrorism and Nuclear Proliferation as the #1 threat to U.S. National Security back in 2009.
http://www.nytimes.com/2009/02/13/washington/13intel.html
Once something is identified as a grave threat to National Security any action is considered justified to combat it. No expense is too great; no operation too unconstitutional. We can (we must!) intervene in foreign and domestic currency markets, commodity markets, equities markets, bond markets, you name it, in the name of National Security.
The IMF, ECB, EFSF, BOE, and other noble organizations are all openly public members of the Coallition Of The Willing in the War On Global Economic Unrest. There are many other equally powerful but more clandestine members. They all MUST be adequately funded to ensure Truth, Justice, and the American Way.
Support Our Troops!
Translation: Hey Jamie!
Time to lever up that $1.2 billion you stole from MF Global customer accounts and purchase $39.6 billion in Greek bonds...
Roses are red
Violets are blue
So is our flag
But Europe, the Fed has bailed you out too.
The Fed is the motor of the worldwide worthless Ponzi sheme
while the ECB is just Europe's bad banks.
classic game theory in real time.
Remember the term 'eurotrash'?
No, but I sure remember 'white trash'
Just image what the Fed asset chart Tyler put up last night would look like with all that trash in Europe on it.
The compounding exponential function is a crazy, crazy thing.
http://www.zerohedge.com/news/guest-post-charting-federal-reserves-assets-1915-2012
Who the fuck is Frieden? Another jewish scientist telling us how to get to shit hole?
This already priced in.
I agree... Jimmy Cramer told me so. I don't know what everyone is so worried about.
We did it for Egypt because the Brotherhood are such a fine upstanding group of individuals.
Dear Luc:
Go fuck off.
Sincerely,
Ben
I've got the perfect solution for what ailes (EU) Europe. We give you Bernanke and we'll even throw in Geithner so that they can "fix" everything that's wrong. The only request I have is that you jail them when you're done with them. Oh and please lose the keys.
You knew this shit was coming sooner or later... Uncle Benny and the Inkjets have already supported the other banking cartels across the pond clandestinely. Now it's time for an in-the-open appeal from our puppet-in-chief to the citizens of the US to "Share Their Wealth" with those unfortunate souls around the globe. Time to "pay our fair share".
6 months from now, this may have blown right through Italy and Portugal, on nit's way to France. Surely, Germany will prop up France, right?
http://georgesblogforum.wordpress.com/
Ben Bernanke, with his magic Keynesian printing press, can save all of Europe too. Start the helicopters up and load them up with US dollars.
from wires no link:
" EU officials are also alarmed by comments from Antonis Samaras (head of the New Democracy party and the person favoured to be the next PM) suggesting Greece might try and renegotiate the package following elections in April."
I love it. European insanity.
Sorry, Europe - our President's too busy destroying our nation at the moment. He can give you some help when he's finished.
i agree
i've broached this subject more than once,
i think we should make greece a state!
it might be fun!
fuk the EU! welcome to america, greek BiCheZ!
why tf not at this point? greece needs the globalism we can offer! and the fiatsko! let's do it!
what the hell is $40-50Bil? a week for us? no customs! slewie international ariport! c'mon!!!
Farage was right, as usual.
http://www.youtube.com/watch?v=0vBysAiHwqs
"...Read... Boomers BUY Apple/Facebook/Linkedin/Groupon or be damned...."
At least APPL manufactures solid, resellable goods (and yes, Dell HP Android Windows phone, etc etc etc etc etc are made at Foxconn, too, )
The other things listed produce......NOTHING! Time wasting entertainment-and we are so lucky to have them all HERE /sarc off-while China gets the manufacturing of everything electronic
Another reason for Gen Y to hate Baby Boomers (and some Gen Xers).
Why just your generation? I'm 48 and a Boomer and I hate the 1st Gen Boomers.
So what is the next step here? Is the next move on the ECB ... is the ball in the ECB's court once again, since Greek politicians approved the austerity measures?
FUCK YOU !!!!
We helped the first time by beating the fucking British !!! You're on your own.
Besides.....we're too busy getting fucked by our own bankers.
Just ask Mr Burns for the $1Trillion!!!!!!!!!!
Or is that not enough now.
Sigh... a $1T just doesn't get what it used to :(
Haven't you heard. Under Bernanke, 10 Trillion is the new Trillion.
Well we could send them Bernanke or... a used teleprompter puppet...
One thing that's interesting is that the Pres and Krugman & Bennie and the Ink Jets et.all say spending more now is what the U.S. needs to do, given the state the economy is in BUT for Greece - which is also in a bad state - it's austerity imposed by the Troika (and I guess the U.S. thinks that's the necessary path for Greece also). So WTF is it? Do we spend like a drunken sailor (and continue to live beyond our means until everything magically gets better) or do we live like religious ascetics and bear the pain till we somehow get out of this mess? Does anybody really have a clue? Is there an answer? But probably more to the point is there a painless answer? I'm guessing the answer to that last question in no - and that's the real problem.
So WTF is it? Do we spend like a drunken sailor (and continue to live beyond our means until everything magically gets better) or do we live like religious ascetics and bear the pain till we somehow get out of this mess?
Spending like a drunken sailor is the chosen path obviously, but not in hopes of things magically getting better, rather for a reason few people will admit, i.e. stealing as much wealth from the economy (and people) as possible.
They know it will lead to collapse of the dollar followed by collapse of the economy just like Zimbabwe and other nations who destroyed their currency by massive printing & hyperinflation.
And yes it will take longer here in America because USD is world reserve currency.
When the EU formed and the Euro was introduced, EURUSD was 0.90, meaning a Euro was worth 90 cents compared to a US dollar.
Since then the Euro has become more valuable against the dollar, EURUSD is around 1.31 now, meaning a Euro is worth $1.31.
I believe this is because the US dollar has lost value compared to the Euro, just as the US dollar has lost 1/3 of its value here in America since 2008, and yes it's due to massive printing Fed has done since 2008 for bank bailouts and government deficit spending ...and IMF contributions ...and currency swaps for Euros (trying to keep the Euro strong against the dollar ...which belies everything Timmy says about a strong US dollar).
So yes, I believe printing & kick the can is the foreseeable future, but not because anyone believes things will recover, rather because they're looting the economy (and people) as much as possible before it all collapses. "We gotta saved the banks" and "we gotta keep the government going" are merely cover stories for massive looting.
Of course now we're in "phase II" you might say, where they're directly stealing assets in people's brokerage accounts. MF Global was a test run I believe, and I believe there will be more such "bankruptcies".
I believe "phase III" will be grabbing all the 401k's and pension funds.
After "phase III" there won't be much left to steal directly ...except maybe people's bank accounts, CDs, money market accounts, etc. I guess that would be "phase IV".
After "phase IV" the only thing left is final hyperinflation where the US dollar rapidly drops to zero value, then the economy collapses, then America collapses (like Greece is collapsing now).
That's when bankers hop on their G5's and get the hell out'a Dodge.
This may sound overly pessimistic, but it's based on the consistent pattern I've seen the past 3+ years (rampant looting of the economy and American people), and projecting that pattern forward to its logical conclusion.
Is it pessimistic or realistic?
Sometimes realistic sounds pretty pessimistic.
Can anyone cite a different logical conclusion from this pattern?
Can anyone give a different logical reason why printing more currency and giving it to insiders has been the response to every single problem in the financial system the past 3 years?
Can anyone give a different logical reason why cutting back on government spending (and bank gambling) is NEVER done?
Can anyone give a different logical reason why nobody has been prosecuted for pissing away billions of taxpayer dollars, instead they're rewarded with more billions of taxpayer dollars to piss away?
Of course it's not being pissed away, it's going into people's pockets, insiders' pockets to be specific.
Well ZHgers, This is it. Go Long Willie Loman rubber tubing. I will see you soon on the other side. Its been real
We've gone in this direction too long and too hard to change. The only question remaining is what will emerge from the ashes?
Anyway we can tow the states of Illinois and Kalifornia to join in statehoood with Greece in the Mediterranean Sea part of the world?
I'm tapped, speak with the wife, but don't tap her.
Ben, hear that...your turn.,......
checks in the mail! fuck yEU!
Thanks for that Tyler, all that needs to be said is fix your own f***** sytem and leave us out of it, good idea to keep the pantry and closets well supplied of food, guns, ammo and a few .999 kerns, and thanks again for another fine mess you've gotten us into.
oh rly?
How many times does America have to save Europe? I am starting to feel like their dairy cow. Milk me again.
Really? The US only intervened in WWI because JP Morgan had lend much money to France and the UK, money that they would not get back if Germany would win. And did you think that Hitler would have been able to build such a big army without the investments of Wallstreet into the German economy? Hitler at first had many admirors in the US, mostly the eugenics. After WWII the US along with Russia kept Europe divided and the US continues to meddle in Europe's affairs. I don't wish to be disrespectful of the sacrifices made by average American Joes that were send overseas to fight in WWI and WWII but they were the victim of games played by politicians and bankers in both the US and Europe, just like everybody is now at the moment.
Considering the fact that the US gave the world the financial crisis in 2008, that Goldman Sachs helped the Greek with their lies (and made good money out of it) and that the US banks netto owe European banks 2.3 trillion dollars, I would say that the EU has a case.
It's our currency...
and your problem too.. ?
.
Translation: Hey America, we've done all we can, now it's your turn to sustain the Ponzi. Because if we go, you go.
( waving) Bye to Europe. Hostile Lumbago !!!!!!! (Ahhhnold voice accent font)
The USA has liver cancer and Europe has pancreatic cancer. So stop the comparisons because they are both fucked on their present trajectory.
I recommend you read the Santa piece on Turd's site:
http://www.tfmetalsreport.com/blog/3381/lets-return-gold-standard
"No politician anywhere can do the necessary without causing the explosion of the results being heard almost as a new big bang. We are going to inflate this debt away or those in power will be swept away by the violence inherent in the suffering citizen. Gold and only those things gold will provide the bridge to maintaining a lifestyle, maintain some freedom of choice and most importantly give you options you would not otherwise have. This has been as it always has been and will continue so. The drama of the market is nothing but that – sound and fury presaging but not defining change. Do not allow anything to deter you from holding that which will build your bridge to tomorrow safely."