European Bailout Time Of Death: EFSF Cut In Half Due To "Market Conditions"

Tyler Durden's picture

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Chris Jusset's picture

The fat lady has started to sing ...

WonderDawg's picture

She's at least finishing the final rehearsal.

Ahmeexnal's picture

Nobody with a lucid mind would consider investing in the eurozone. Even investing in Zimbabwean bonds is better. Zimbabweans are not lying deceiving thieves like the ECB.

Richard Chesler's picture

three senior eurozone officials

Curly, Larry, and Moe?

 

Chris Jusset's picture

"Curly, Larry, and Moe?"

Or perhaps Dumb, Dumber, and Dumbest

Harlequin001's picture

Well it looks now like the Fed is completely fucked. When this money comes out of collapsing euro bonds and heads straight into commodities (because yields on US paper are far too low for soon-to-be-defaulted debt), it will head into commodities and bingo, big time inflation.

The Fed's only hope is for the gold market s to absorb this money and soar, so that food prices don't explode, otherwise we are all toast...

Except those that hold physical bullion, that is...

They just get incredibly rich...

ThatThatcher's picture

I spent some time in Zimbabwe and I'm not sure I entirely agree with this. Though, the ECB wear suits which makes them more deceptive.......

The Big Ching-aso's picture

 

...while she's embellishing her vibrato with enormous German farts.

 

Popo's picture

Looks like Black Friday will be Blood Red.

The Big Ching-aso's picture

 

 

If we're witnessing history in the making I just hope making history doesn't kill us all.

spankfish's picture

Thats calorically challenged women.  PC a must.

Never1's picture

ho-ly-fuck

 

Not sure If I should cry or laugh... my puts might be happy.. but if the whole thing collapses, then they'l be worth about as much as my calls.

Chris Jusset's picture

Here comes the toxic debt spiral ...

TruthInSunshine's picture

I wonder who gets to circle the drain this time around?

kito's picture

Lots of circling for the system but that drain seems to be elusive

redpill's picture

If market conditions were good, they wouldn't need a pretend-economics "super fund" to begin with.

Reality is like a mentally unstable and vindictive girlfriend: you can ignore them for a time, but the longer you wait the worse it gets and eventually you'll wake up in the middle of the night only to see the crazy bitch staring at you with a pair of bloody scissors in one hand and what appears to be a loaded chili dog in the other as she recites lines from Breakfast at Tiffany's.

Don't fuck around with Reality, it ain't worth it!

Peter K's picture

No wiser words have ever been uttered ;)

Western's picture

It's too bad this isn't clearly bullish (currency printing) or bearish (currency collapse).

Harlequin001's picture

Yep, a flashing neon sign should just about sort it...

pmcgoohan's picture

I dont know. Its seeming a lot simpler to me than it was.

The ECB/FEB wont print until there is a massive deflationary crash.

Then they will print like crazy and there will be a hyperinflationary boom.

Sell until QE announced (earliest next year), then buy.

XRAYD's picture

There are actually three problems here ....

 

1) They have no money

 

2) they lie, and ...

 

3) ... sorry, I can't.

 

OOPS!

 

 

 

Skid Marks's picture

A psychiatrist should have a wonderful time with this mess.

chump666's picture

yeah they all would be in a psych ward on meds.

 

The Big Ching-aso's picture

 

 

I would certainly expect such a psych to prescribe staring at those casabas of yours as a therapeutic calming agent.

DormRoom's picture

It was a huge bluff, and they got called on it.  Now Merkel must choose: coordination or collapse.

 

Coordination implies decades of income inequalities among groups, and sovereigns.  BRICS will  lose big, if the West implementes laissez faire monetization.  Which is why the China-Russia axis is taking a firmer posture.  They know that  the West move on Syria is a play for the Strait of Hormuz, which if the West controlled, would be devasting for them. It seems the West  may want growth @ the BRICS expense.

 

Within nations, greater inequalities between the 99, and 1% will emerge.  And the West will tip towards a police state; pan-national gulag to control the mob, and channel their populace anger, towards war rage.

 

So the struggle between the 99 & 1% is mirrored in the new foreground struggle between the BRICs & Western Hegemony. 

Collapse--No one has a crystal ball for that, and that gives me a hard on.

In the meantime, the situaiton has turned into a human centipide.

XitSam's picture

"They know that  the West move on Syria is a play for the Strait of Hormuz, ..."

Can you explain this for me?

DormRoom's picture

Israel will bomb Iran for the West, but before they do so, they need the West to sterilize Hezbollah & Hamas, because as soon as they bomb Iran, these two groups will launch thousands of rockets into Israel, and raid settlements.  So Isreal needs to cover its flank.

So the West will occupy Syria, and undermine Hezbollah & Hamas power structures, finances, and Iranian supply lines.  They will also have control of Syrian air space, and air craft carriers positioned ostensibly for the Syrian operation, but in reality prepare for the Isreal bombing raid, and Iranian retaliation.

 

The US & West will be pulled into the Israel-Iranian conflict by design.  The outlines of how aren't clear.

Once the West is drawn in to the Iranina conflict, Russia will immediately send troops to occupy Azerbaijan, and control the Baku oil fields.

 

China will posture her navy around Taiwan, and protect African supply lines.    And you have the set up for a new Ag.e

 

 

 

seek's picture

The US & West will be pulled into the Israel-Iranian conflict by design.  The outlines of how aren't clear.

I think every war since Korea this has ultimately been done via false flag attacks or bogus intelligence, or both. So that part sadly is clear.

Awesome analysis, BTW.

Ahmeexnal's picture

No.

Israel knows you can't trust the west.

That's why Israel will not participate in any "kinetic military action".

 

Element's picture

You're forgetting Russian warships in the Eastern Med near the Syrian coast. The US got wind they were coming so repositioned a carrier to cover Israel and Turkey and to observe ... yeah, ... the delivery of advanced Russian carrier-killer anti-ship missiles to Syria and also S300 SAMs long range air defence. ... good luck imposing a no-fly zone now, those will have Russian operators.

http://www.infowars.com/russia-arms-syria-with-missiles-to-defend-agains...

All while the Russians just went to a nuclear combat alert, close to a US Carrier ... this will be the #1 consideration for now.

http://www.prisonplanet.com/us-warship-moves-to-syrian-coast-as-tensions...

Everyone is stepping on the other's toes and no one is saying "sorry", and everyone has their guard up just in case ... of ... well, ... let's say Hezbollah suddenly fired 200 rockets into Haifa and launched antiship missiles at an Israeli frigate, as an unidentified targeting UCAV shadowed a US Carrier.

There's plently of room for misunderstandings, and for each navy to demand and even take more elbow-room.

And where there are capital ships there are almost always SSNs and SSGNs nearby to cover them.

 

 

 

disabledvet's picture

i agree with this. and the similarity over here will be with Bank of America et al. The institutions will have to be wound down in an orderly fashion with all that that means. The private sector has gone all in on government inability to do such things...and they are about to lose.
http://movieclips.com/icda-the-wizard-of-oz-movie-im-melting/

mberry8870's picture

This is truly pathetic. Get it over with.

UP Forester's picture

OT, but you know what's truly pathetic?  The soon-to-be-unemployed folks from Steven J. Baum Law Firm.

Yes, the same fine folks that made fun of the people they made homeless on Halloween.

http://stopforeclosurefraud.com/2011/11/21/steven-j-baum-p-c-law-firm-to-close/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed

Pics: http://www.nytimes.com/2011/10/29/opinion/what-the-costumes-reveal.html

Miss Expectations's picture

They are closing due to "a series of missteps."  WOW, that's some tame description of fraud.

Ethics Gradient's picture

I love the smell of socialism burning in the morning.

lolmao500's picture

The EFSF is evil and would crush Germany if it were ever set up, which the scum in power in Germany wants. Good thing it's cut.

And it just got a whole lot more dangerous in the middle-east.... especially with those RUSSIANS ADVISERS there...

http://www.israelnationalnews.com/News/News.aspx/150059#.Ts9CC_JHSUk

Report: Russia Sent Syria Super-Advanced S-300 Missiles

A report Thursday said that Russia has supplied Syria with advanced S-300 missiles, and has sent advisers to help Syria run the system.

mt paul's picture

sent them some hot radar systems

tech assistance also...

 

lolmao500's picture

Not only that but high tech anti-ship missiles too.

http://www.strategypage.com/htmw/htsurf/articles/20111122.aspx

Soviet Era Ship Killers Slipped Into Syria

The Yakhont uses a liquid-fuel ramjet and travels 300 kilometers at speeds of over 2,000 kilometers an hour (using a high altitude cruise and a low-altitude approach; if it travels entirely at low altitude the range is cut to 120km). When the missile arrives in the area where the target is supposed to be, it turns on its radar and goes for the kill.

The Yakhont is a 8.9 meter (27.6 foot) long, three ton missile with a 300 kg (660 pound) warhead.

http://www.missilethreat.com/cruise/id.103/cruise_detail.asp

The SS-N-26 has a cruise speed of Mach 2.6 at high altitude or Mach 2.0 at low altitude. It has a minimum range of 50 km, and a maximum range of 300 km when cruising at high altitude and 120 km when at low altitude. It flies at low level during the terminal phase, between 5 and 15 m in altitude, and makes evasive maneuvers near to the target to defeat any defenses. It carries a 250 kg high explosive semi-armor piercing warhead.

topcallingtroll's picture

No problem.

We can fry its electronics.
We can laser it.
We can jam its radar
We can shoot it down with the new guns that shoot caseless ammo at 6 million rounds per second. Forgot the name of this kind of gun.

All of these technologies are fully operationalized and deployed.

I still dont understand why people think the united states is vulnerable militarily. Wishful thinking?

We will also have an operational hypersonic missile before anyone else. Just recently successfully tested.

q99x2's picture

What if Russia's Mars Moon Probe is not what it was thought to be but instead a doomsday machine. It is now coincidentily keeping itself in perfect orbit all by itself.

CrockettAlmanac.com's picture

The US couldn't stop a dozen guys with utility knives.

blunderdog's picture

I still dont understand why people think the united states is vulnerable militarily. Wishful thinking?

Not wishful thinking.  Fucking recent experience.  If you look at our enormous successes over the past decade, it seems like maybe we're not really that SUPER at what we've been trying to do.  (Vulnerable in what sense?  No one's going to storm our beaches.)

Plus we sure did kick the shit outta Grenada...