Excerpts From EU Report Stating Euro Crisis Contagion Has Spread And Is Now Systemic

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Wed, 09/14/2011 - 13:01 | 1669087 Long-John-Silver
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Collapse Bitchez!

Wed, 09/14/2011 - 13:09 | 1669109 nope-1004
nope-1004's picture

Good thing Geithner is going over to Europe to help the situation.  The EU needs to come up with more inventive, dishonest, subversive, and diabolical ways to keep the ponzi going.  Geithner is the man!!!

If any y'all been watching the PM market, you can see ongoing central bank intervention.  A default is coming.  Team Oscama trying like hell to keep a lid on PM's.


Wed, 09/14/2011 - 13:17 | 1669196 X.inf.capt
X.inf.capt's picture

its a loosing battle, 1005,

all the're doing is giving us time to buy PM's


Wed, 09/14/2011 - 14:32 | 1669633 upWising
upWising's picture

This "situational transitional rough patch" is going to take Timmy-Tim-Tim some time to completely solve AND I hear he only has enough Frequent Liar, er  FLYER miles for a One Way Ticket. Our Loss - Europe's Gain.

Drink ALCOHOL! (If a Little is Good, A LOT IS BETTER).
Watch Television! (It's ALL True!  That's why it's on Tee Vee!)
Max Out the Credit Card! (Go Ahead! QVC Yourself!  You Deserve to Gift Yourself!)
Take Your Medication As Directed!


They know what they are doing!~


Wed, 09/14/2011 - 21:19 | 1671402 Thomas
Thomas's picture

We need more stress tests.

Wed, 09/14/2011 - 13:04 | 1669102 CvlDobd
CvlDobd's picture

Is that what's driving the big spike in TLT?

Wed, 09/14/2011 - 13:07 | 1669123 alien-IQ
alien-IQ's picture

the same thing that's driving everything up: a potent mix of kool-aid, bullshit and garden variety lies from powerful places.

in other words...the usual.

Wed, 09/14/2011 - 13:40 | 1669321 CvlDobd
CvlDobd's picture

Ah yes. I forgot about that stuff.

edit: I forgot there was an auction of 30 years today. Must have been well bid.

Wed, 09/14/2011 - 13:05 | 1669106 NEOSERF
NEOSERF's picture

Real enough for me...just moved my son's 529 into bond/cash

Wed, 09/14/2011 - 13:05 | 1669108 Id fight Gandhi
Id fight Gandhi's picture

And markets rally on

Wed, 09/14/2011 - 13:05 | 1669113 xtop23
xtop23's picture

Yet another Hank Paulson moment. The bankers want theyre stimulus !!! pathetic

Wed, 09/14/2011 - 13:08 | 1669114 GeneMarchbanks
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To be continued... I'm not asking for much but I want to see one, just one, French bank crash and burn. I don't care if it's SocGen, Agri or BNP. You pick Mr.Market.

Wed, 09/14/2011 - 13:08 | 1669124 sampo
sampo's picture

Really, if one wants to kill himself, there's nobody that can stop him wanting to do so.

Wed, 09/14/2011 - 13:10 | 1669127 newworldorder
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EU leaders do not know what to do. They do not have the political mandate at each coutry level to proceed with further bailouts, while they are being pushed to do so by euro funding considerations and bankers. The apt phrase here is , "deers caught in the headlights."

Wed, 09/14/2011 - 13:09 | 1669136 alien-IQ
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this should send the /ES to a new high for the day because...well...just because.

Wed, 09/14/2011 - 13:43 | 1669344 web bot
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You just made my day...

Wed, 09/14/2011 - 14:12 | 1669514 Cliff Claven Cheers
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I am surprised this guy is still walking the earth speaking truth like that.

Wed, 09/14/2011 - 13:13 | 1669170 DirtMerchant
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"risk of a vicious circle between sovereign debt, bank funding and negative growth"

I think the proper term here is "swirl" which is the circular pattern shit takes as it spins around the bowl when a flush occurs....

Wed, 09/14/2011 - 13:13 | 1669171 chaartist
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I wonder if they r so smart, or maybe they will see it on the road. But ECB could be the largest Enron fraud vehicle in the history. They will burry there all the debts and everyone will be left with their own currency, hard one..

Wed, 09/14/2011 - 13:15 | 1669179 TheLooza
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These fuckers think they can get QE3 and Eurobunk without real market pain.  And they are probably right. 

Wed, 09/14/2011 - 13:15 | 1669182 dick cheneys ghost
dick cheneys ghost's picture

I get the feeling that the upcoming financial collaspe and events in the Middle East are set to converge at the same time...........Is this all by design?



Wed, 09/14/2011 - 14:03 | 1669457 SheepDog-One
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Wed, 09/14/2011 - 13:16 | 1669187 milanitaly
Wed, 09/14/2011 - 13:16 | 1669188 jtmo3
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Fucking idiot. Have they not looked at the stock markets? Geez.

Wed, 09/14/2011 - 13:22 | 1669193 slewie the pi-rat
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slewie declares chubby checker week!!!!!!!!



chet atkins "unplugged": Chet Atkins and Hank Snow "Limbo Rock" - YouTube


Wed, 09/14/2011 - 13:18 | 1669204 ex VRWC
ex VRWC's picture

'Systemic crisis' are just words they are dragging out to justify the next round of wealth transfer.  They need to start calling it that to justify themselves.

Wed, 09/14/2011 - 13:57 | 1669422 SheepDog-One
SheepDog-One's picture

Yes but last time they rolled out 'systemic crisis' was when markets fell 50%....today they can hardly contain 3% rises daily!

Wed, 09/14/2011 - 13:18 | 1669206 TradingJoe
TradingJoe's picture

Meat grinding at its best levels ever! Until they get into that machine too!

Wed, 09/14/2011 - 13:19 | 1669210 Sudden Debt
Sudden Debt's picture

I'll miss those day where you could still wonder if there's a sollution to the problem.

Shoulda, woulda,coulda, BUT DIDN'T!


Wed, 09/14/2011 - 13:19 | 1669214 Syrin
Syrin's picture

The Euro crisis has spread and is systemic ?!?!?!?    REALLY ?!?!?!


IS grass green?

IS the sky blue?

Are the Kennedys gun shy?

Wed, 09/14/2011 - 13:34 | 1669291 Sudden Debt
Sudden Debt's picture





I only SEE DARK CLOUDS so the sky is a black/grey these days

And most of the Kennedys tried to catch bullets WITH THEIR TEETH.


what's your point?



Wed, 09/14/2011 - 13:44 | 1669350 Syrin
Syrin's picture

Yeah I'm with you.

Wed, 09/14/2011 - 13:58 | 1669425 SheepDog-One
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And best part about the new systemic crisis is its GREAT news!

Wed, 09/14/2011 - 13:20 | 1669215 Tic tock
Tic tock's picture

So shoot, you corrupt fuggers

Wed, 09/14/2011 - 13:26 | 1669255 spiral_eyes
spiral_eyes's picture

Kotlikoff says the problem is over-leverage.

He's wrong.

The problem is the ridiculous, incoherent Euro system.


Wed, 09/14/2011 - 14:06 | 1669478 slewie the pi-rat
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the problem is bankster-induced choas

whether from a "captain" or a "professor"~~~choas is choas

Profesor Chaos - YouTube

Professor Chaos Is Born (Season 6, Episode 6) - Video Clips - South Park Studios

South Park - The Coon - YouTube




Wed, 09/14/2011 - 13:39 | 1669266 xtop23
xtop23's picture

Thats the whole thing..... if they dont get stimulus theyll pull the financial trigger and itll be financial armaggeddon . So ? Who cares really... theyre going to do it anyway but at least if they pull it now there MIGHT be a few plebs that have a little cash .

The banks HAVE the cash on hand they're just worried about all those derivatives that are floating around out there ready to explode so they wont lend.

I guess thats the point though. We still have a little dry powder they want to squeeze so were defenseless in the later innings.

Wed, 09/14/2011 - 13:34 | 1669288 Belarus
Belarus's picture

Oh....that's why all the European indices rallied hard today. It makes more sense now that it doesn't make sense at all.

Wed, 09/14/2011 - 13:35 | 1669293 baseball13
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The most recent rumor/non-rumor is that China will indeed come to the rescue of the EU. I think i know how it will go down...

Let's see, they have $1.5 trillion in US dollar reserves which, as they know, are practically worthless and cannot get rid of fast enough...

The EU is tight on liquidity and debt is swallowing up whole countries...the relatively well capitalized countries are shying away from EU entanglements...

The Chinese say, "Let's put these dollar reserves to good use! We'll come in and bail out the EU with our reserves! Only thing is, we will require collateralized obligations. When the dollar collapses, F %#$ them! and we'll take the collateral!"

Or will this lead to WWIII?


Wed, 09/14/2011 - 13:46 | 1669354 PulauHantu29
PulauHantu29's picture

Dow up 135 on the good news. How bad is it....really?

Wed, 09/14/2011 - 13:53 | 1669397 baseball13
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..and here's the news from China: "China Offers to Buy Italian Debt - For a Price"



Wed, 09/14/2011 - 14:00 | 1669440 SheepDog-One
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Well buy your debt for slavery, in other words.

Wed, 09/14/2011 - 13:56 | 1669415 SheepDog-One
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Whatever! Its all good news apparently to tack on another +150 to the DOW in preparation for >10,000 DOW so Bernank can queef out Qeueef3 next week! WTF!

Wed, 09/14/2011 - 14:18 | 1669551 Georgesblog
Georgesblog's picture

The currencies themselves are the disease. The liquidity shortfalls are the synptoms of fiat addiction. We are seeing the withdrawal. The patient's vital signs are not good.



Wed, 09/14/2011 - 15:53 | 1670054 Ineverslice
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Wed, 09/14/2011 - 18:01 | 1670591 s2man
s2man's picture

can you say "systemic risk"?  the phrase which has permiated articles and blogs thanks to Charles Smith's Unconventional Guide to Investing in Troubled Times

Do NOT follow this link or you will be banned from the site!