- advertisements -
Lira is crazy
For those who read his newest he is still beating the hyperinflation nonsense to death. Hugh Hendry is clutching his head....
Why are you reading his work if you think he is crazy?
"Eurozone Failure Could Send Shockwaves Around World Akin to Soviet Union" - What an excelent comparison
The potential financial impact is far more negative: http://thespiritoftruth.blogspot.com/2011/11/crash-potential.html
I would vouch the comparison does not do it justice. The Eurozone is a much, much larger economy than the USSR ever was/will be. Could be real ugly. However, Ben has not played his hand yet. Don't think the Eurozone is going to go down without Ben being involved in a "rescue" attempt first. Time for US citizens/residents to prepare for a real shafting.....
This will mak the SU break up look like a first date of a 14yr old.
Cash was king when the USSR broke up. You could walk up to the border and buy a tank from the unpaid soldiers.
Failure "Akin to Soviet Union" indeed?. I never knew a time when it was so difficult to buy cabbage. I should get to the shops quick.
The Soviet Union collapsed?
Russia is conducting transitory discussions with Germany regarding a new joint transitory currency... tentative name for the new currency 'Rubadusche'.
'Increasingly likely' like it raised from 99.999% to 99.9999.9% ?
European Soviet Socialist Republic is about to have a Gorbachov moment. What we are witnessing is the fall of Socialism western sect. It's that simple:)
How long is Germany going to allow the ECB to buy crap on their hard-earned dime? Really, the high dourt has said no, the people say no and yet the ECB apparently just ignors them...
Yet here we are with what looks to be another day of misguided optimism.
Can't keep a good ponzi down apparently....
Print, print, print. Have PHYSICAL CASH on hand just in case they're not printing fast enough and bank deposits become unredeemable. And of course, stack silver.
Spread the word about HR 1098. We need to get a groundswell of support for it like we did for Auditing the Fed (a partial success so far).
+1 Important to have cash on hand... deposit to the Bank of Beauty Rest and the Bank of Sealy !!!!!
Yep, cash on hand to pick up great deals as asset prices tank. And silver on hand with which to barter when no one will take the cash anymore.
Long beans, bullets, bandages and bouillon.
it's the right thing to do so it absolutely won't happen.
Tyler, could you keep quiet about gold for just a few months while I accumulate more dry powder? I don't want the public catching on just yet given your recent successes moving markets. Thanks!
What's a Soviet Union?
It's a failed experiment in applied socialism (the main thing that was applied was force) that was copied to the European Union.
Strangely enough, the geniuses in Rome and Brussels copied it to Western Europe at the same time (1957) that it was first recognised as having irretrievably failed in Russia!! Go figure....
I am beginning to think that this economic collapse isn't something that is going to happen anytime soon. Every exchange on the planet is front run and computationally directed to the fucking max. Italy can pull a $6.8 billion euro bond purchase out of its ass at the drop of a pin. Bank of America is the most disfunctional and corrupt bank on the planet but it is now propped up by so much fiat injection, by just a few players, that it is impossible for it to break the $6 line of support anymore. European banks can lose 20% equity in a matter of seconds and be fine.
20 years ago we would have called these events catastrophic but today we are told to call them 'market moves'.
Yes, it is all smoke and mirrors. Bank of America should have failed in 2008--it's a zombie, like all the other zombies. It needs a bullet to the head.
'Before Christmas'- Jerusalem Post.
It's not entriely a Eurozone failure, more like a retrenchment of the Corrupt Eurocrats to the safe-hands of their Rich nations.
One more supporting prediction chart for deflation in the USA in end of 2011-beginning of 2012 and all the scenarios that follows:
1) Economy in recession from q1 2012 ( increased cash hoarding=reduction of money velocity main reason)
2) Stocks sharply down, most commodities down
3) Gold, silver stable until more money -MUCH more is pressed in
4) USDx up
This prediction is valid for up to q4 2012 (with differing details visible in other charts)
You #3 is wrong. ALL commodities will fall with the stock market...overall initial DEFLATION. We either do a double bottom on AU back to 1530-1570 or crash through that....
No worries! Have your truck ready to back up to the loading dock for the last change to get your shiny before it goes to the moon.
Keep yer powder dry.
Or is the "bitchez" thing played alaready?
Gold could be heading down due to margin calls--all commodities are way overpriced due to speculators running rampant with printed money, desperately trying to save their firms. It will never work--didn't work for Lehman or Bear, won't work now, either.
Something new is about to pop up of the bad kind
Yep just as soon as everyone thinks they got it all figured out and their chips on the right bet on the table, here comes the rug pull out.
The CNBC douchebags seem off (more than usual), don't they? A few days ago, they'd be waving their arms around and dancing and stuff and praising the market gods.
Boggyman? Poltergeist? Nuclear attack? Economic collapse? Famine? Mass Civil disobedience? Death and destruction? Kardashians naked on TV?
What's todays spread on *DCB? Does the market climb higher on the cliff today for a maximum effect on the oncoming joyous holiday season about to meet said cat?
*Dead Cat Bounce.
"...stocks were mostly up until they were down..."
in other news, The Koch brothers are opening a new paper shredding facility in Greece; seems Euros are the softest quilted ass-wipe yet.
Long - Euro Quilted.
The Rothschilds pet project is failing.
Too Fucking Bad.
...............Fuck You's Rothschilds,and your followers...........................
Gold and silver would decline in the failure as well, margin hikes and margin calls would require selling...every large selloff lately for equities have included gold which is how you can tell there is real fear in the markets...
+1 ! Mass shaking out of the weak hands and the time to back up the truck to the AU loading dock!
Keep yer powder dry!
I fistbump every morning and wake up that I have no 401K/Pension plan to worry about.
The look on the face of the old people who work in my office who do, however, is both sad AND hysterical.
401K not a problem if you can take a loan out and buy PMs and take physical control. However, the average Joe doesn't get it, hell, the pundits don't even get it!
This is going to end real badly. Massive Civil disobedience. America will discover lead as a precious metal.
so the ECB is going on a bond buying binge and claims printed sub 400,000... for now? looks like whoever called a 400 pt rally yesterday is going to be right after all. I know once there was a real world where basic math and the laws of economic psychics once applied...but now I'm beginning to wonder just how long can this bullshit go on for?
has it come to the point where simply making shit up, news, rumors, stats, money (via printing, digital or "glitches") has completely replaced any sense of common sense? another day, another dead cat bounce, another opportunity for the 0.0001% to suck more of life out of the the rest of us, to take what so many already don't have.
another day when a child will be born into a world where there only future is to sling hash, sell goods made somewhere else or become a dependent of the superstate, and their only right will be that of a debt slave.
welcome to the New World Order...
No one yet? Ok, fine....
In Mother Russia, animal spirits default on you!
Coming soon to all countries around the world.
Whats going on? DOW's up 100 points!
"The failure of the Eurozone and the European monetary union looks increasingly likely"
How many fucking times you yanks are going to repeat this crap like stupid parrots? 10 fucking years I have heard that shit...well, let's hear that shit for maybe another five years while we are at it before USA goes the way of USSR. Then you might even shut the fuck up.
The European monetary union is DEAD already. What we have seen recently is the kicking of the feet as the eyes glaze over.
All that's happening is predictable, as there are 7 stages that every major economy goes through. Those who know how it works profit & massive wealth is transferred to them. Several months ago I learned this information from a millionaire whose site I found & am sharing it with everyone I know. His free video "How To Create Incredible Wealth in Today's Economic Crisis" is at: http://theelevationgroup.net/presentation/register.php?a_aid=160667&a_bid=290b868b&chan=y Hope this info helps everyone as much as it has me. Dr. Nancy
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.