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Eurozone To Avoid Any Popular Vote In Treaty Change

Tyler Durden's picture



Why bother with the one true barbarous relic - democracy - when good ole' fascism will suffice. As The Telegraph's Bruno Waterfield reports, "EU to avoid any votes - parliamentary or popular on treaty change - via obscure Lisbon Treaty 'passerelle' clause, Art. 126 (14) via protocol 12. "This decision does not require ratification at national level. This procedure could therefore lead to rapid and significant changes," says confidential Van Rompuy text. Funnily enough, only Britain will have to have a parliamentary vote under the Tories recent Sovereignty Act even though it is eurozone only changes." And that is how a bunch of corrupt kleptocratic incompetent eurocrats usurp all power in a regime now entirely controlled by Goldman Sachs. Unless, of course, the UK once again stops the insurgent takeover of the insolvent continent by the squid.

Of course, the one person the chart above ignores is US ambassador to Germany, Philip Murphy, a 23 year retired partner of... Goldman Sachs.


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Tue, 12/06/2011 - 14:24 | 1951671 Ahmeexnal
Ahmeexnal's picture


Tue, 12/06/2011 - 14:25 | 1951680 GeneMarchbanks
GeneMarchbanks's picture

Really? See below.

Tue, 12/06/2011 - 14:36 | 1951757 MillionDollarBonus_
MillionDollarBonus_'s picture

Referendums are in reality a failed policy. Just look at what happened to Greek bond yields following the referendum on the rescue package. This is stark indication of the chaos that would ensue if European politicians start giving into populism and forgo vital economic reforms. Europe is suffering from a crisis of LEADERSHIP, and I hardly see how this is solved by wasting more time on tedious and wearisome referendums.

Tue, 12/06/2011 - 14:45 | 1951804 Ahmeexnal
Ahmeexnal's picture

Euro collapse already being priced in:

Tue, 12/06/2011 - 14:58 | 1951860 redpill
redpill's picture

Gotta make sure all the bankers, er I mean bondholders stay whole.  Ration toilet paper to Spanish children if you have to, but for gods sake save the bankers!

Tue, 12/06/2011 - 15:20 | 1951983 JustObserving
JustObserving's picture

Just stop feeding them - no need for toilet paper. No austerity is enough to save the banksters.

Tue, 12/06/2011 - 15:43 | 1952108 redpill
redpill's picture

Now that is the type of creative solution Europe needs more of these days.  All these people hung up on, you know, MATH and such, it's just unhelpful.  We need solutions!  Onward, Europa!

Tue, 12/06/2011 - 15:23 | 1952002 WonderDawg
WonderDawg's picture

TPTB will do what they want to do, regardless of laws, treaties, contractual agreements, etc. It is crucial to understand this. You might not like it, but at least you'll understand the motives if not the mechanics of the levers being pulled.

Tue, 12/06/2011 - 15:38 | 1952084 The Big Ching-aso
The Big Ching-aso's picture



"Silence, peasants!"

Tue, 12/06/2011 - 17:17 | 1952658 OttoMBMP
OttoMBMP's picture

If there are no votes, there will be violence on the streets.
I wonder what the excuse of the German constitutional court will be this time. Its president has said recently, more integration would need a vote, as the constitution has been stretched to its limits.

Tue, 12/06/2011 - 14:52 | 1951819 knukles
knukles's picture

I once saw a magician place a very nice young lady in box and proceed to saw it/her in half.  As the years went by, his deteriorating mental faculties contributed to his self imposed descent into an alcoholic hell.  Of late, he has failed miserably at the trick and sawn two young ladies completely in half much to the shragrin and revulsion of his audience.  He is now looking for a new assistant.  In all good faith, I have forwarded your name.

Tue, 12/06/2011 - 14:57 | 1951854 Hugh_Jorgan
Hugh_Jorgan's picture

As if a popular vote means anything. The unelected jackals at the helm of the EU have simply ignored any results they didn't like in the past, anyway.

Tue, 12/06/2011 - 15:39 | 1952094 oogs66
oogs66's picture

funny the guys who aren't elected have figured out ways to make changes without votes...

Tue, 12/06/2011 - 15:08 | 1951935 karzai_luver
karzai_luver's picture



You would be correct , why allow a bunch of deadbeats and members of the various FSA groups worldwide to vote when we all know that only the owners and those with money should make the rules.


Hell. it's how the good ol UsofA was founded and it seems to have ran off the rails since the vote was extended to the idiot masses.


Get on with it.


Tue, 12/06/2011 - 15:57 | 1952170 El Viejo
El Viejo's picture

The UK can and probably will single-handily torpedo the treaty changes proposed by Merkel and Sarkozy.
From here:


Tue, 12/06/2011 - 16:16 | 1952298 Hober Mallow
Hober Mallow's picture

People have the right to go fuck themselves and their children. Its called natural selection. Don't mess up with that process.

Tue, 12/06/2011 - 16:34 | 1952428 Cadavre
Cadavre's picture

Flash - the EZ is "CONSIDERING" double upping on the proposed bail. Every time that big bag of CDS crap looks likes it gonna be called - something happens and allows the "catastrophic" ruse to game the muggles out of more of their disposable harvest!

Wonder why the congress did not follow through on it's drama time rage threats to examine the cradit rating agencies when the mortgage fraud was exposed? Remember the indignant posing when some sub committee asked "How did you guys miss this?"?

The Credit raters didn't miss anything. Maybe Agencies didn't scour the prospectuses - who does? - but they did read the executive summaries the bond factories  with the rating requests. Easy to guess that the reason congress did not follow through on it's "War On The Rating Agencies" shtick: Congress knew that the agencies would produce evidence that the Bond Factories (a major source of many a congress twits disposable and recreational cash) had lied on their executive representations of the underlying prospectuses - bribers in jail no bribes to buy play time at the kiddie brothel for the Honorable Mr. Findthequarter from the great state of Childlovers.

Why did one of the biggest debt branders around, Lehman Brothers, spread out across the heartland to set up retail mortgage kiosks? Awfully convenient when we take a look back.

The story is a onetime MD in California, with people problems, actually read the prospectuses underlying them toxic bonds was the first to spot a market and write the CDS. The story continues that Goldman's, who did the structuring for the CA MD, was really curious about what the ex-doc was doing. Was it new - or was Goldman wondering if the ex-doc smelled the sour fish in the Golman cash registes? Fortunately, Lehman's went belly up bankrupt - and was allowed to do nothing more that apologize.

Then MF Global runs the same shtick, again, just in time to make those on the other side of the invisible swap counter rich.

Almost like it was planned - PNAC - Repeal of Glass Stegal - box cutter bandits and crash fireballs into buildings - war - war - war - very foggy war - all going on while Lehman's kiosks are selling 1 million dollar mortgages to nail salon technicians in Sonoma.

Looks like everybody is working for Goldman deze daze! Very important to allow EUR/USD short squeeze more play time - err right up to the expiration date on the contracts held by GS and JPM - followed by a nest of IPO scams for instant water or ethereal dream weaver organ extender products to help muggles avoid the guilt associated with tugging to images of Hilary's not too inconspicuous and very substantial panty hose busters struggling to board the Arc to Never Never Land.

The problem - the really big problem - if we look with open eyes - is the fact that almost all public political employees seem to have left their survival skills in the lost and found at one of them new age dominion heresy institutions (Harvard, Cambridge, MIT, etc etc) they all attend before boarding the Diebold directed bribery gravy train. It's unnatural for prey not to run away when the gutting blade is flashed. Takes all the fun out of it.

A claim of exceptional-ism never kept the chicken out any body's pot i know. The poor zero brained twits we hire to manage the fiduciary oversight of our authorization for expenditures can't even remove their hand from a hot flame without an advisor suggesting they do it. Don't even want to imagine what they got caked up in their underwear.

Breaking: Look for Lindsey Graham to play "butch" and David Drierer to do the reach around, Long K&Y and street poppers!  I smell hot tuna cooking in the future of these two amigas!

Got a call from the district's congress boob today. It was a conference call pretending to be a town hall. Pressed Star 3 to ask a question and a staffer busts in and asks me what I am going to ask. Advice: When calling in to CSPAN or one of these make believe telephonic town hall conjurations and a gate keeper wants to review your question: LIE. Give them some BS talking point question, like about wanting to know what they are doing about border security, etc. Don't ask the real question until you get the pulpit.

American CEO to rank and file pay ratio 475:1 - in France it's 12:1. Guessing American CEO's are very exceptional. Up em to 1000:1 and we be "leveraged" back to the stone age!




Tue, 12/06/2011 - 14:28 | 1951701 kito
kito's picture

yep, but effective ;)

Tue, 12/06/2011 - 14:50 | 1951745 Ahmeexnal
Ahmeexnal's picture

Indeed, specially when TPTB have already emasculated the sheeple.

We've seen this happen before:

Tue, 12/06/2011 - 14:34 | 1951741 EscapeKey
EscapeKey's picture

Fascism is the new democracy.

Tue, 12/06/2011 - 14:41 | 1951775 john39
john39's picture

those tinfoil hat wearing NWO conspiracy theorists are a bunch of idiots... there is no shadow government slowly and systematically removing sovereignty and rights across the world in order to create a fascist world dictatorship.  for example, the EU has a legally binding treaty that will protect the people's rights and viewpoints....  /s

Tue, 12/06/2011 - 15:00 | 1951871 redpill
redpill's picture

Actually it's a good point.  There is no shadow organization secretly eroding liberty.  These assholes are doing it right out in the open.

Tue, 12/06/2011 - 15:13 | 1951961 macholatte
macholatte's picture



Fascism ( /?fæ??z?m/) is a radical authoritarian nationalist political ideology.[1][2]

Fascists seek to rejuvenate their nation based on commitment to the national community as an organic entity, in which individuals are bound together in national identity by suprapersonal connections of ancestry, culture, and blood.[3] To achieve this, fascists purge forces, ideas, people, and systems deemed to be the cause of decadence and degeneration.[3] Fascists advocate the creation of a totalitarian single-party state that seeks the mass mobilization of a nation through indoctrination, physical education, discipline and family policy (such as eugenics).[4][5] That state is led by a supreme leader who exercises a dictatorship over the fascist movement, the government and other state institutions.[6] Fascist governments forbid and suppress opposition.


Fourteen Defining Characteristics Of Fascism


"But the proles, if only they could somehow become conscious of their own strength, would have no need to conspire.  They needed only to rise up and shake themselves like a horse shaking off flies.  If they chose they could blow the Party to pieces tomorrow morning.  Surely sooner or later it must occur to them to do it?  And yet -----!" 

--- Orwell  1984


"All past oligarchies have fallen from power either because they ossified or because they grew soft.  Either they became stupid and arrogant, failed to adjust themselves to changing circumstances, and were overthrown; or they became liberal and cowardly, made concessions when they should have used force, and once again were overthrown. ... It is in the ranks of the Party, and above all the Inner Party, that the true war enthusiasm is found. ... If human equality is to be for ever averted -- if the High, as we have called them, are to keep their places permanently -- then the prevailing mental condition must be controlled insanity."

--- Orwell  1984



Tue, 12/06/2011 - 15:25 | 1952017 EscapeKey
EscapeKey's picture

"Fascism should more properly be called corporatism because it is the merger of state and corporate power." - Benito Mussolini. 

Tue, 12/06/2011 - 15:47 | 1952124 CH1
CH1's picture

Your definition is the real one.

The others are built upon the imperative that "we may not be defined as fascist."

Tue, 12/06/2011 - 16:09 | 1952253 falak pema
falak pema's picture

I'll drink to that in montrachet, vosne, st emilion or champy. 

Tue, 12/06/2011 - 16:37 | 1952453 Ghordius
Ghordius's picture

The Italian version has roots in the Free Cities of the Holy Roman Empire.

Often they were run by Corporations, one Corp, one vote. Saves money on election campaigns.

Tue, 12/06/2011 - 15:14 | 1951865 Popo
Popo's picture

What remains to be seen is what will replace the voting booth.   I have a feeling it will be a combination of sniper rifles and molotov cocktails.   Both of which are very effective at conveying voter sentiment.

Judging from the Italian protest videos... I'll wager things get ugly there first...

Tue, 12/06/2011 - 15:26 | 1952025 EscapeKey
EscapeKey's picture

Ah don't worry, we'll still have elections. And isn't it grand that 99.87% of the voting public are in agreement?

Tue, 12/06/2011 - 15:14 | 1951965 SheepDog-One
SheepDog-One's picture

For the rest of my life I will LAUGH in anyones face who starts in with a lecture on 'democracy'...what a damn farce.

OH sure, this 'democracy' is a fine system when they can control the outcome of the vote....when they cant, then the veil is lifted to show it was total fascism there the whole time!

Tue, 12/06/2011 - 14:41 | 1951778 AbelCatalyst
AbelCatalyst's picture

I would like to propose a new 3-party system:

1. Democrats

2. Republicans

3. Math

I'm not sure the first two understand the third, and I'm not sure there is a difference in the first two.  

So, I guess we're back to a 2-party system:

1. Republocrat

2. Math  

You choose!!

Tue, 12/06/2011 - 14:45 | 1951805 EscapeKey
EscapeKey's picture

Hegelian dialectics.

Democrats = thesis

Republican = antithesis

Fascist dictatorship = synthesis.

Tue, 12/06/2011 - 15:15 | 1951827 hedgeless_horseman
hedgeless_horseman's picture



Lombardi dialectics.

Democrats = Blue Team

Republican = Red Team

Fascist dictators = NFL Owners


Vote (buy your damn jersey) and cheer. 


We have been conditioned to self-divide, and so, we have been conquered.

Tue, 12/06/2011 - 15:20 | 1951989 GeneMarchbanks
GeneMarchbanks's picture

Yeah, but at least you 'participate' willingly in being conquered.

Tue, 12/06/2011 - 15:44 | 1952114 Chupacabra-322
Chupacabra-322's picture

·         The Fatherland- Socialist/Nazi Germany

The Motherland - Communist Russia

The Homeland? – An Unspeakable Bastard crossbreed of the two above!

Tue, 12/06/2011 - 14:58 | 1951847 kaiten
kaiten's picture

I cant see any protests in the streets. Europeans use to protest for much less important issues, so clearly it doesnt bother them. (As much as it bothers you).

Tue, 12/06/2011 - 15:17 | 1951979 macholatte
macholatte's picture

I cant see any protests in the streets.


There are no unions to instigate and stampede the herds of sheeple.  Perhaps the union bosses have been bought off.

Tue, 12/06/2011 - 14:57 | 1951856 economics1996
economics1996's picture

Let them (Euro) burn for awhile so they can contemplate the consequences of socialism and their decades march towards fascism.  Burn baby burn.

Tue, 12/06/2011 - 15:36 | 1952077 Chupacabra-322
Chupacabra-322's picture

Posted this yesterday.  Still don't believe we live in a Corporate Fascist Global Banking Dictatorship.  Watch this.

UNITED STATES is a Corporation - There are Two Constitutions - Sovereignty

Tue, 12/06/2011 - 15:36 | 1952080 papaswamp
papaswamp's picture

I was thinking more like an Oligarchy. Fascism seems more nationalistic....which clearly isn't the case. This is a small group running the whole openly excluding the people. Interestingly (so far) the people are letting them even though the average person continues to loose wealth with this arrangement. People still buying the 'things will get better in the near future' mantra.

Tue, 12/06/2011 - 15:40 | 1952098 Chupacabra-322
Chupacabra-322's picture

From Wiki

On 29 April 1945, the bodies of Mussolini, Petacci, and the other executed Fascists were loaded into a moving van and trucked south to Milan. There, at 3:00 am, they were dumped on the ground in the old Piazzale Loreto. The piazza had been renamed "Piazza Quindici Martiri" in honor of 15 anti-Fascists recently executed there.[122]

After being shot, kicked, and spat upon, the bodies were hung upside down on meathooks from the roof of an Esso gas station. The bodies were then stoned by civilians from below. This was done both to discourage any Fascists from continuing the fight and as an act of revenge for the hanging of many partisans in the same place by Axis authorities. The corpse of the deposed leader became subject to ridicule and abuse. Fascist loyalist Achille Starace was captured and sentenced to death and then taken to the Piazzale Loreto and shown the body of Mussolini. Starace, who once said of Mussolini "He is a god,"[123] saluted what was left of his leader just before he was shot. The body of Starace was subsequently strung up next to the body of Mussolini.


Little do they (Government) know that there're next. 

Tue, 12/06/2011 - 18:14 | 1952865 Reptil
Reptil's picture

"Fascism" is correct. The Lisbon Treaty is the gift that keeps on giving. All 6000 pages of it.

Tue, 12/06/2011 - 14:24 | 1951672 GeneMarchbanks
GeneMarchbanks's picture

Democracy bitchez!

Tue, 12/06/2011 - 15:30 | 1952046 junkyardjack
junkyardjack's picture

The people don't know what's good for them.  Its better for the banks to tell them what's best

Tue, 12/06/2011 - 14:27 | 1951679 Gauthijm
Gauthijm's picture

Squid alert !

man these guys are everywhere

This would be incredible, if they pass this without a vote; not completely surprising, but essentially these countries are not democracies, if they ever were...

Rule by technocrat, I hope the US escpaes this fate


But I am not hopeful




Tue, 12/06/2011 - 14:32 | 1951726 Lucius Corneliu...
Lucius Cornelius Sulla's picture

Rule by technocrat, I hope the US escpaes this fate

Too late.

Tue, 12/06/2011 - 15:00 | 1951868 economics1996
economics1996's picture

Red neck nation is ready to set up the barricades and the blinds.

Tue, 12/06/2011 - 15:16 | 1951974 Ragnar24
Ragnar24's picture

I'll back Red Neck Nation all damn day over the scumbags trying to manipulate their way into "totalitarian democracy". We've just got make sure all rednecks understand that the liberty they love is also being eroded by their globalist GOP favorites (Perry most notably -- he's a Bilderberger)! 

And I thought I wanted to go on a boar hunt (with knife), but I think that video changed my mind! brutal.

Ron Paul 2012.

Tue, 12/06/2011 - 15:26 | 1952022 economics1996
economics1996's picture

The proper way is to put the hog on its side and stab right into the heart from the belly into the heart.  The guy was a novice.  Hunting most definitely separates the talkers from the walkers.

The assholes in DC will end up like the communist inn the USSR, begging for a paycheck and starving to death pretending they have some power.  We got their number.

Tue, 12/06/2011 - 15:38 | 1952086 SheepDog-One
SheepDog-One's picture

I'd rather be with 'red necks' fighting the pencil-neck psychopath dictators.

Tue, 12/06/2011 - 15:41 | 1952101 papaswamp
papaswamp's picture

Who taught that boy how to stick a pig? His blade is way too high...pig heart sits down near the bottom of the rib cage...he is maybe getting some lung...what an idiot.

Tue, 12/06/2011 - 23:48 | 1953646 Real Estate Geek
Real Estate Geek's picture

You know, that guy's a real POS.  If an animal has to die at your hand, at least be man enough to kill it cleanly.


Tue, 12/06/2011 - 14:26 | 1951683 The Swedish Chef
The Swedish Chef's picture

In Sweden the parliamnetary commitee for EU matters are going to decide on Merkozys proposal tomorrow. The real kicker is that they openly admit that all they know they have learned from media sources. Outstanding.


Tue, 12/06/2011 - 14:34 | 1951739 GeneMarchbanks
GeneMarchbanks's picture

In case you don't join, adopt me OK?

Tue, 12/06/2011 - 14:45 | 1951802 The Swedish Chef
The Swedish Chef's picture

Single men can´t adopt here in Sweden. But you can crash on my couch.

Tue, 12/06/2011 - 15:01 | 1951876 terryfuckwit
terryfuckwit's picture

heard some great things bout your gaff  please tell me it's true

so we can send all our numpty fuckheads to learn something....

Tue, 12/06/2011 - 14:35 | 1951750 Ahmeexnal
Ahmeexnal's picture

They have to approve it before they can read the contents.

Tue, 12/06/2011 - 14:42 | 1951784 knukles
knukles's picture

Pass the bill to find out what's in it.

Fucking Brilliant.

Tue, 12/06/2011 - 15:32 | 1952054 junkyardjack
junkyardjack's picture

They were elected to Lead not to Read

Tue, 12/06/2011 - 15:17 | 1951978 Aductor
Aductor's picture

What is even more revolting is that the largest so called liberal daily is promoting a Euro "anschluss" like there would be no tomorrow otherwise. Or was it our moral obligation to show solidarity with fellow Europeans? I can't quite remember.

Tue, 12/06/2011 - 14:28 | 1951684 Captain Kink
Captain Kink's picture

If they move on this without due process for the people, there will be UNINTENDED CONSEQUENCES.

Tue, 12/06/2011 - 14:26 | 1951685 john39
john39's picture

devil always is in the details...  and he loves legaleeze fine print.

Tue, 12/06/2011 - 14:26 | 1951688 323
323's picture

Does Van Rompuy look kind of like a demon, or is it just me?

Tue, 12/06/2011 - 14:30 | 1951709 Tyler Durden
Tyler Durden's picture
Tue, 12/06/2011 - 14:32 | 1951729 GeneMarchbanks
GeneMarchbanks's picture


You post HD video for this occasion?

Tue, 12/06/2011 - 14:55 | 1951846 Schmuck Raker
Schmuck Raker's picture

If ya got it, flaunt it.

Tue, 12/06/2011 - 14:34 | 1951738 prains
prains's picture

When you drip schmegal on your pants it's really hard to get the stain out

Tue, 12/06/2011 - 14:36 | 1951752 323
323's picture

lol, perfect.

Tue, 12/06/2011 - 14:39 | 1951772 AccreditedEYE
AccreditedEYE's picture


Tue, 12/06/2011 - 15:04 | 1951899 DormRoom
DormRoom's picture

I see your Smeagel, and raise you the council of Elrond.

Tue, 12/06/2011 - 15:07 | 1951926 ebworthen
ebworthen's picture


Tue, 12/06/2011 - 15:11 | 1951947 SheepDog-One
SheepDog-One's picture

Van Rompuy actually looks exactly like the Grinch.

Tue, 12/06/2011 - 14:27 | 1951689 knukles
knukles's picture

See.  I toldja.
WWII was all worth it and for the good.


Screwing up wet dreams....

Tue, 12/06/2011 - 14:28 | 1951695 FinHits
FinHits's picture

When you stare into the abyss ... the squid stares back into you.

Wed, 12/07/2011 - 07:17 | 1954143 Archduke
Archduke's picture

wasn't that soviet russia?

Tue, 12/06/2011 - 14:29 | 1951707 Peter K
Peter K's picture

We have known for quite a while that all EU laws are, as one Irish Eurocrat put it "self modifying".

Reminds me of an incedent after the first Arab Isreali Peace plan under Carter. Once the follow up negotiations stalled, Carter had both sides sign two pieces of paper agreeing to two diametrically opposed positions. When a journolist asked about this, Carter famously said that it was important for the two parties to sign a paper, and not what was in the document itself.

This is Euroland in a nutshell:)

Tue, 12/06/2011 - 15:24 | 1952010 NotApplicable
NotApplicable's picture

Reminds me of Lincoln's Emancipation Proclamation. Meaningless words on paper, designed only for political effect, resulting in zero slaves freed in the Union.

Tue, 12/06/2011 - 14:30 | 1951713 slaughterer
slaughterer's picture

Where is Nigel Farage?

Tue, 12/06/2011 - 14:32 | 1951727 RobotTrader
RobotTrader's picture

Thanks for the reminder

Adding him to the potential "Dead Bodies" pile.

Complete list to be released when we have a confirmed breakout on all major averages.

Wed, 12/07/2011 - 07:25 | 1954150 Ghordius
Ghordius's picture

"dead bodies" my ass, you are completely overvaluing this guy and misunderstanding his positions

probably making some vacations with his German wife and their two German children - he knows about German Domination, he knows

Tue, 12/06/2011 - 14:36 | 1951753 falak pema
falak pema's picture

smoking cigars with the euro skeptics. He is treading on hot water as his buddies are upto their necks in debt, so John Bull Uk is not on dry ground. I love these charlatans who tread the high ground walking on thin air, in the opposition where they can blow hot air, and sucking the money teat like nobody when they are in power.

Tue, 12/06/2011 - 14:31 | 1951718 RobotTrader
RobotTrader's picture

GS and MS green

Both GLD and GDX reversed, now green

CRB Index reversed, now green

The Fix is In!

Buy Stocks!!!

Tue, 12/06/2011 - 14:31 | 1951719 falak pema
falak pema's picture

Merkozy runs the show, period; its that or its bankruptcy, so there will be NO argument. GS boys made sure of that. It's called in capitalist circles, who believe that politics and money don't mix like oil and water: free market arbitrage. Of course the market today, is run by thugs; but thats another story.

Tue, 12/06/2011 - 14:32 | 1951730 Tyler Durden
Tyler Durden's picture

Merkozy only does what its "financial advisors" tell it do.

Tue, 12/06/2011 - 14:42 | 1951780 falak pema
falak pema's picture

And they are? As you know, Merkel is NOT Sarkozy, she is against open ended ECB play, like HE WAS, as this has been deadlocking issue that has paralysed Euro play since MONTHS. So they are not the same advisors nor the same strategies. This is a compromise that Merkel has WON on the ground. Sarkozy being bankrupt more than she has to tag along, as he runs trade defecits and she runs trade surpluses. 

Tue, 12/06/2011 - 14:44 | 1951796 knukles
knukles's picture

JP Morgan heads the advisory team.
Ah hemmmm 

Tue, 12/06/2011 - 14:48 | 1951801 AccreditedEYE
AccreditedEYE's picture

Uhh, have you calculated the costs for the German banking sector nationalizations?

Tue, 12/06/2011 - 19:49 | 1951833 falak pema
falak pema's picture

Lets get things clear : 1° current plan is what will be presented on 9 dec; it will be OPEN ENDED on ECB role. No lender of last resort, no eurobonds, EFSF will be small and virtually ineffective. THATS the official deal. Merkel then thinks the market, GS to put it bluntly representing US cabal, WONT dare call their bluff, giving her time in interim to pass laws. The US doesn't want a melt down so the OFFICIAL PDs like JPM/GS will not pull the plug. Rogue HF play might or blind fear might...thats their GAMBLE in this poker game.

2° But that brings on the underlying question you ask of bank insolvency and liquidity further along that is not being answered by this current phase treaty.

I agree it looks thin to solve the downside risk in three to eighteen months. I agree there. But's that not the issue that TD addresses in this thread about democracy. No fix on bank runs in this package...'cos that requires ECB play upto the hilt, not open ended position.

Tue, 12/06/2011 - 15:21 | 1951995 Piranhanoia
Piranhanoia's picture

I think it would help if we all agreed elected rulers are puppets on the people's TV. They don't know how to do any kind of work, and they couldn't speak to the crisis without sounding like idiots.  They are chosen by the people that own the TV airwaves.  They do something on their own and they are finished.  Their words are scripted because the TV knows ad libbing leads to painful truth being revealed, not to mention it screws with their schedule, which is not allowed.

Tue, 12/06/2011 - 15:24 | 1952014 whisperin
whisperin's picture


I believe that that treaties cannot conflict with constitutional reqirements (Germany) and where such is the case the constitution prevails. So there we are again at the German Supreme Court. I think this is another non starter as those that brought this issue before the court would again ask the court to bar Germany's participation. The court seemed clear on this issue requiring a change to the constitution and a referendum if I remember correctly. To rule otherwise would mean that one has no effective constitution.

Tue, 12/06/2011 - 14:31 | 1951721 Cheater5
Cheater5's picture

Get out the guillotines BITCHEZ!!!!!!!

Tue, 12/06/2011 - 14:32 | 1951732 frenchie
frenchie's picture

classic... you create a problem, you enginneer fear, you provide a "solution", and then sheeple has apparently only one "choice": "freedom" or "security"... (everything is in the ""...)

Tue, 12/06/2011 - 14:46 | 1951807 metastar
metastar's picture

As tyranny is ultimately enforced at gunpoint, so is freedom.

Tue, 12/06/2011 - 14:33 | 1951735 flyonmywall
flyonmywall's picture

Looks like the Beer Hall Putsch crowd finally succeeded, via the Goldman Cocktail Party Putsch approach. Would you care for some caviar, my dearest?


Tue, 12/06/2011 - 14:34 | 1951740 machineh
machineh's picture

Wikipedia: "A decision of the European Council to use [passarelle] provisions can only come into effect if, six months after all national parliaments had been given notice of the decision, none object to it."

So many parliaments, so little time! 

This is a job for ... THE SQUID.

Tue, 12/06/2011 - 14:35 | 1951743 Big Corked Boots
Big Corked Boots's picture

Voting... yet another barbarous relic.

Tue, 12/06/2011 - 14:45 | 1951800 knukles
knukles's picture

Is that why in Chicago they buy votes? 

Tue, 12/06/2011 - 14:35 | 1951751 JustObserving
JustObserving's picture

Europe got its wealth from its colonies barely a centrury ago.  Now Europe is a colony of its banksters. Karma.., oh,  karma.

Tue, 12/06/2011 - 14:36 | 1951755 virgilcaine
virgilcaine's picture

Short 100% the SP with a tight stop at 1270.. this thing is ready to blow.

Tue, 12/06/2011 - 14:55 | 1951845 slaughterer
slaughterer's picture

Brave soldier: somebody courageous enough to be short.  

Tue, 12/06/2011 - 14:36 | 1951756 markar
markar's picture

These Eurofucks are just begging for the guillotine.

This will not end well.

Tue, 12/06/2011 - 14:38 | 1951767 semperfi
semperfi's picture

"The Little People" don't care anyway, don't want to be bothered with this mumbo-jumbo.  They got more important things to do like Xmas shop, facebook, tweet, and watch their favourite TV shows.

Tue, 12/06/2011 - 14:39 | 1951770 pkea
pkea's picture

why is anyone surprised that we live in the new order world with, how to put it nicely, "antidemocratic" tendencies?

Ask yourself who is goldman, barclays etc working for? obviously, not for people but they may have some conflicts of interests which are playing out now and most of the" peasants" have no idea about.

My only question is : when are people going to stop being so dumb and allow this to happen to them? I guess never.

Tue, 12/06/2011 - 14:41 | 1951776 prains
prains's picture

The minute the natives look to go off the rails in euro, boots will hit the ground in Iran, watch for the timing.....euro bonkers = Iranian conflagration

Tue, 12/06/2011 - 14:42 | 1951787 prains
prains's picture

Crowd hush technique

Tue, 12/06/2011 - 14:41 | 1951779 Odin
Odin's picture

Well, atleast we know who the enemy is... Now who's got experience sautéing calamari?

Tue, 12/06/2011 - 14:41 | 1951781 ebworthen
ebworthen's picture

But of course...

The U.S. Supine Court and Judicial System is expert at this; with the help of CONgress and the President of course.

Back door oppression and dilution of individual rights and the meaning of citizenship and sovereignty.

Tue, 12/06/2011 - 14:43 | 1951789 PulauHantu29
PulauHantu29's picture

No need to bother the Hoi Poloi...let them keep shopping....

Tue, 12/06/2011 - 15:42 | 1952107 SheepDog-One
SheepDog-One's picture

Quite unfortunately, 2/3'rds of people surveyed said theyre done shopping already...and hush hush is the little fact that the highest increase in sales was....guns.

Tue, 12/06/2011 - 14:44 | 1951794 youngman
youngman's picture

Obama has said the same thing....he will do what he wants  without congress...look for many Executive orders....the people can´t be counted on to do the right thing...and the "right" thing is my way...or so they think...

Tue, 12/06/2011 - 14:45 | 1951803 jack stephan
jack stephan's picture

“Markets like totalitarian governments”. Pesky human factor gets in the way, less risk.  Maybe in a private jet or a high rise away from the public.

Lucky us

Tue, 12/06/2011 - 14:48 | 1951813 Mark123
Mark123's picture

Can NATO attack itself to save democracy?  It would be good for the economy anyways.

Tue, 12/06/2011 - 14:49 | 1951817 Catullus
Catullus's picture

Why don't they just declare themselves rulers of the galaxy?

Long: tyrannicide.

Tue, 12/06/2011 - 14:49 | 1951818 pineyard
pineyard's picture



Tue, 12/06/2011 - 15:04 | 1951897 Market Efficien...
Market Efficiency Romantic's picture

Exactly right. Possibly even the desperate British act to stir up emotions among the continental European public against such action. Just so they don't get lost on the way. Remember, the new treaty will first be given to the EUR group of 17, if not 15. Then - and surely with a pretty demanding position - to the other 12. That's what the British feared all along, a European process without the ability to influence. What a mess.

Tue, 12/06/2011 - 14:55 | 1951842 apu123
apu123's picture

Of course they can do it without a vote, it is not like the clause was hidden.  Also even if there was not a clause they would have done it anyway.  The fix is in on this, the rally will continue.  The question is how long can they massage statistics, propagandize and inflate their way out of trouble?  I think a couple of years.

Tue, 12/06/2011 - 14:55 | 1951843 Elwood P Suggins
Elwood P Suggins's picture

Now why do I have a strong feeling that while there might not be any votes at the ballot box a number of countries may well hold votes on the street.

Tue, 12/06/2011 - 14:56 | 1951848 Market Efficien...
Market Efficiency Romantic's picture

Haha, enjoy the outright denial by the German Constitutional Court.

They have been pretty angry about the preemptive government agreement to German guarantees with no way to turn it back without the governemnt entirely losing its face. As a reaction, they pretty much outlined what would be government competences in the future and what would not. They precisely stated that any shifting of fiscal responsibilities is outside government and eben parliamentary competency and would require a national votum.

We have all been watching the Bundesbank's aka ECB resilience to have its independence questioned. With the constitutional court, it won't be any different, even though the independence has been somewhat (minimally) undermined by some former politicians turning constitutional judge.

Different from the legislative and executive body, the various global initiatives have not infiltrated the constitutional court to such an extent. Very conservative minds with a docma far away from political concessions due to temporary economic difficulties.

No opinion here, just trying to provide a realistic image of how far Europe is away from fulfilling the globalists' demands.

Tue, 12/06/2011 - 15:02 | 1951886 SirPlayomic
SirPlayomic's picture

You're right. But let's think about it... if you where a globalist, what would you do to get the whole of the German public on-side and make what the constitutional court thinks irrelevant? Some kind of kinetic event on home soil perhaps?

Tue, 12/06/2011 - 15:07 | 1951925 Market Efficien...
Market Efficiency Romantic's picture

Right! That should be expected, and I can imagine the German public to agree just being provided the sense of power in the process. It would still take a referendum and with that, time. No way, anyone will pass that by March. Well, if they still manage somehow, expect a similar mess as with the Maastricht treaty, quick and dirty and lots of future problems.

Tue, 12/06/2011 - 15:12 | 1951954 Jonas Parker
Jonas Parker's picture

You're right. But let's think about it... if you where a globalist, what would you do to get the whole of the German public on-side and make what the constitutional court thinks irrelevant? Some kind of kinetic event on home soil perhaps?


Free beer?

Tue, 12/06/2011 - 15:14 | 1951968 SirPlayomic
SirPlayomic's picture

As long as its not the Becks pish, then your dastardly plan has my ironic vote!

Tue, 12/06/2011 - 14:56 | 1951849 onlooker
onlooker's picture

""Of course, the one person the chart above ignores is US ambassador to Germany, Philip Murphy, a 23 year old retired partner of... Goldman Sachs.""--------------------------------------------------

Born in 1957 it says, maybe 53 or 54???

Tue, 12/06/2011 - 15:38 | 1952087 JR
JR's picture

On October 24, 2011, Merkel received the Jewish (Holocaust) Museum Prize;  Goldman’s Philip Murphy was there, according to the site German Missions in the United States …

“German Chancellor Angela Merkel was awarded the Jewish Museum Prize for Understanding and Tolerance at the institution’s 10th anniversary gala in Berlin on Monday night. In the presence of the director of the museum, W. Michael Blumenthal, as well as many renowned guests, including United States Ambassador to Germany Philip Murphy, Chancellor Merkel expressed her personal appreciation and her government's commitment to the outstanding work of the museum.

“Jewish life was always a part of Germany and it always will be, Merkel said in accepting the prize. Demonstrating this is a national responsibility.

“Blumenthal praised Chancellor Merkel’s personal commitment…

“The museum, which has welcomed more than 7 million visitors since it opened in 2001, awards the Jewish Museum Prize for Understanding and Tolerance to individuals who have displayed special dedication to the critical analysis of anti-Semitism and racism, as well as the Nazi crimes of the Holocaust. Chancellor Merkel received the award for her commitment to youth projects, such as the newspaper project “Weiße Flecken” and the international exchange program conducted by the German-Israeli Future Forum, among others.

Tue, 12/06/2011 - 14:57 | 1951857 Schmuck Raker
Schmuck Raker's picture

Why is the French dude smiling like that? It's creeping me out.

Tue, 12/06/2011 - 14:58 | 1951861 i_fly_me
i_fly_me's picture

The EU would not exist without having subverted/sidestepped democracy in the first place. This is par for the course.

Tue, 12/06/2011 - 15:00 | 1951870 hr4eternity
hr4eternity's picture

Why are Greek yields still in afterburner while the other sovereigns have leveled off, if they're getting the 8 Billion next week?

I smell something other kumbaya coming out of theis weekend. . . or in the middle of the month.

Tue, 12/06/2011 - 15:12 | 1951950 Market Efficien...
Market Efficiency Romantic's picture

From what I hear, everyone counts on the hard default in early 2012 and the public voice sure hints more towards a return to the drachme. EU, ECB and IMF just pay for it to be postponed after the rest has found a better footing. IMO, Greece is already lost and not being considered in any future plans.

Tue, 12/06/2011 - 15:02 | 1951885 pkea
pkea's picture

The more ignorant people are, the stronger the web of shadows.

Tue, 12/06/2011 - 15:03 | 1951892 casey13
casey13's picture

What's so great about democracy anyway. It is basically just mob rule without a strong constitution to stop the inevitable plundering. 

The EUrocrats are at least honest about doing away with their rights.  

Serfdom seems to be the natural state of Europe anyway.


Tue, 12/06/2011 - 15:05 | 1951910 ohhhhhbaaaaahhh...
ohhhhhbaaaaahhhhhhhhhmaaaaaahhhhh's picture

My first post! Oh yeeeeeee!

Tue, 12/06/2011 - 15:06 | 1951918 Sophist Economicus
Sophist Economicus's picture

While it's fun to blame GS, this has nothing to do with the dunderbutts pictured above.    This is a powergrab by the UNELECTED officials of the EU.    Sure, the banks wanna be paid off and the ECB wants to be catered to, but, this is not about them.   Its about Brussels either becoming irrelevant or more powerful.    The Communists, Maoists, Socialists and Facists in that odious unelected-body are doing the full court press.    Let's hope the people of Europe throw these bums out once and for all....

Tue, 12/06/2011 - 15:12 | 1951953 Sudden Debt
Sudden Debt's picture

These guys are smart enough to stay on the background and the media... Well the media is in their pocket.
Nobody will be able to link GS to the austerity so the banks get it all. It might even take a decade for them to figure out and by than they'll own the internet.

Tue, 12/06/2011 - 15:12 | 1951955 Snakeeyes
Snakeeyes's picture

Here is my attempt at summarizing the European Debt Crisis in ONE MINUTE!!!!!!!! For presentation tonight at George Mason University.

Economic Minute Presentation on the European Financial Crisis - Low GDP Growth, Staggering Debt, Geithner On The Prowl In Europe!

Tue, 12/06/2011 - 15:13 | 1951959 monmick
monmick's picture

What does Nigel Farage think about this?

Tue, 12/06/2011 - 15:14 | 1951964 Jack Burton
Jack Burton's picture

I'de love to know. Nigel will rip them a new asshole the next time he gets the floor at the EU parliament!

Tue, 12/06/2011 - 15:13 | 1951960 Jack Burton
Jack Burton's picture

Brilliant post ZH! Now we know what the EU is all about. No votes, just a treaty newly designed to put banks and the elites into full control of the foolish debt slaves, I mean European populations!

Notice the UK Parliament nixed any idea of British having an "in or out" vote on UK membership! Now all of Europe is under the same democracy ban. ANd NATO cheers the Arab spring? Amazing.

Tue, 12/06/2011 - 15:19 | 1951986 Market Efficien...
Market Efficiency Romantic's picture

Taking all the current major global issues into consideration, I get scared to death by the momentum geopolitics are picking up. That reminds me of the Rockefeller phrase from the early nineties: It will only take that one major crisis before the national governments and general public accept the NWO.

Tue, 12/06/2011 - 15:18 | 1951977 non_anon
non_anon's picture

voting is so passe

Tue, 12/06/2011 - 15:18 | 1951984 Few
Few's picture

Masters of the Doodoo Zone enabling their cohorts to continue turning perfectly good food into shit.

Tue, 12/06/2011 - 15:21 | 1951994 JR
JR's picture

It’s not going to work: it is a bridge too far.

A.     It underscores how completely desperate these people are. A move such as this is far beyond what they’ll be able to accomplish. It probably is not going to work.

B.     People will rebel. It was my thought when Merkel and Sarkozy were meeting that it signaled they were in desperate shape. Actually, they need to send Blankfein over there and stop this ferrying back and forth between Berlin, Frankfort and Paris. It’s burning a lot of jet fuel.

Something like this can’t last; there are people living in Europe. PEOPLE.  There’re not only bankers in Europe. And the people have given their support to their elected parliaments to run their governments even if they are corrupt, not to the bankers.

The way I understand it, if you’re one of 17 countries who go over your budget, the bankers step in and punish you. They want a kind of fiscal union where they don’t need all 17 to agree; they can impose their will without the consent of the entire group. It’s a totalitarian technique that’s been used in Europe before to finally get control.

The proof they don’t have support is that they don’t dare ask the people to support it.

BTW, kudos to Zero Hedge for a powerful piece.

Tue, 12/06/2011 - 15:31 | 1952050 Market Efficien...
Market Efficiency Romantic's picture

Very much agree! Only, thanks to these continuously imminent terror threats, we now all have national security laws to cope with uprising masses. Nice legislative preparation for the endgame, I would say (in nwo terms).

I think though, and I am pretty confident about that, this entire play assumes some part of the public to act against their fellow citizens. That won't happen, that is a flawed assumption by people that have for generations not lived a family or neighborhood life. Anywhere you look, dictatorship and facsim nowadays is in an endgame situation not supported by police or military.

Wed, 12/07/2011 - 15:33 | 1955749 honestann
honestann's picture

Did you say NOT supported by police or military?

You are very wrong when it comes to cops.  The jury is still out non-officers in the military.  Though I'm not optimistic about the military, I do expect some to jump ship and others to stay in but function as spies.

Tue, 12/06/2011 - 15:27 | 1952028 Barry Freed
Barry Freed's picture

The difference between us and them is, the people of Europe will start burning shit down.  This will get interesting.

Tue, 12/06/2011 - 15:35 | 1952071 honestann
honestann's picture

The people of this world had better start employing weapons of all sorts to exterminate the predators-that-be and predator-class.  Otherwise say hello to a permanent slave planet.

Tue, 12/06/2011 - 15:28 | 1952031 Everybodys All ...
Everybodys All American's picture

Slavery is a system under which people are treated as property to be bought and sold, and are forced to work.[1] Slaves can be held against their will from the time of their capture, purchase or birth, and deprived of the right to leave, to refuse to work, or to demand compensation. Historically the institution was called "slavery" and was accepted by societies; in more recent times slavery is not acceptable, but conditions tantamount to slavery although not called such continue, with debt bondage, indentured servitude, serfdom, domestic servants kept in captivity, adoption in which children are effectively forced to work as slaves, child soldiers, and forced marriage.[2]

Debt bondage (or bonded labour) is when a person pledges him or herself against a loan.[1] In debt bondage, the services required to repay the debt may be undefined, and the services' duration may be undefined.[1] Debt bondage can be passed on from generation to generation.[1]


That pretty much sums it up.

Tue, 12/06/2011 - 15:31 | 1952055 bankonzhongguo
bankonzhongguo's picture

You know its bad when you are rooting for Russia to "liberate" Europe.

Fulda Gap bitchez!

Tue, 12/06/2011 - 15:45 | 1952120 Market Efficien...
Market Efficiency Romantic's picture

yeah, old-school tactics. Alternatively try this for China: Impose a second front on China, middle east interests on one border and economic interest and access to the rest of the demand world on the other border. Interesting approach to overrun their successful regional defence military strategy. That way, they need to take a position and that can only let them win on one front. An emerging world power cannot afford to pass on one critical resource, though.

Tue, 12/06/2011 - 18:41 | 1952920 bankonzhongguo
bankonzhongguo's picture

The only China play is inflation and food price chaos in the big cities.

Chinese political culture is not expansive.  It always collapses under its own internal inertia.

Maybe Japan has a bigger problem in 20 years.


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