Explaining How The Just Announced ECB Market Rescue Pledged 133% Of German GDP To Cover All Of Europe's Bad Debt

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Fri, 08/05/2011 - 13:09 | 1527472 jus_lite_reading
jus_lite_reading's picture

Wow! Talk about being all in on a bad poker game! The global ponzi will sure as hell blow up soon after they realize they can't handle it all at once!!! HYPERINFLATION HERE WE COME!!

Fri, 08/05/2011 - 13:21 | 1527523 Tortfeasor
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Bullshish for stocks!

And barrels.  Especially the ATI, Mossberg, AR and Ruger varieties.

Fri, 08/05/2011 - 13:34 | 1527594 SheepDog-One
SheepDog-One's picture

Dont forget about nice German ones like H&K.

Fri, 08/05/2011 - 13:55 | 1527648 DoChenRollingBearing
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Or cheap, reliable ones like the AK, easy enough for even teenaged morons to operate.  Did I really say that?

Fri, 08/05/2011 - 14:50 | 1527757 Shell Game
Shell Game's picture

Did someone mention AKs?

http://www.jgsales.com/index.php/rifles/ak-pattern-rifles/cPath/209_214

Good folks and good service at J&G.  I exchanged FRNs for two of their AKs and am happy with them.

Fri, 08/05/2011 - 15:26 | 1527950 FEDbuster
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Just heard Rush comment on this story on the radio, "According to Tyler Durden at Zerohedge.com .....".  Love it.

Hasten the Collapse, OBAMA 2012

Fri, 08/05/2011 - 15:35 | 1527990 SokPOTUS
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Rush is now quoting Tyler on the air?  Rut-roh.  ZH has gone mainstream.  We're screwed.

Fri, 08/05/2011 - 15:40 | 1528002 FEDbuster
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Yes he is.  It was great, I almost spit the Coke I was drinking out while I was driving.  "According to Tyler Durden at Zerohedge.com....", it was a beautiful thing.  Glenn Beck did it a couple of times on his TV show, too.

Fri, 08/05/2011 - 16:34 | 1528173 Idiot Savant
Idiot Savant's picture

Ummm... being mentioned by Rush & Beck is quite the opposite of a good thing. Jesus, Tyler will soon be running NASCAR adds on this site.

Fri, 08/05/2011 - 16:41 | 1528189 New_Meat
New_Meat's picture

Idiot-not the first time for either mention.

And your suggestion about NASCAR is really good.  More clicks than Cramer, I'm sure-->more revenue.

- Ned

{But WAIT!  The ads are sensitive to your viewing history and cookies!  Don't tell us that you surf NASCAR?}

Fri, 08/05/2011 - 16:52 | 1528228 CompassionateFascist
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Limbaugh referenced ZH (this article) at 10:15 AM (PST), 8/5; his last obeisance to TD was a couple months back, so we were due. In fact I suggested he do so in a thread here last night; he saw the article/thread, cause>effect. It's a mistake to lump Limbaugh with Beck and other neo-cons. He's actually further toward the right, and on political economy, pretty much in synch with this site. He detests banksters and crony capitalists as thoroughly as he detests the Left.  

Fri, 08/05/2011 - 16:53 | 1528230 smlbizman
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as addressed yesterday, these guys {the tylers} should be the most well paid, most reverend financial people on this planet, they have literally saved so many of our furtures.  i really hope that they can understand  the impact they have had on us, the appreciation the  daily loyal followers have for them.  so much of  underground brilliance ends when the light of day is finally placed upon it. i truly do not know what i would do without the "hedge".  i am constantly a person who always think of others first in all i do, but this time for my own selfishness, i  pray that they remain underground.  i do not want fair weather sheep fuckin up my "hedge".....i love ya man!...

 

and for all you grammer assholes who feel the need to point out typos and other imperfections , i would like to say with all due respect to  ...please go fuck yourselves...and i said with all due respect so it makes it ok......   

 

Fri, 08/05/2011 - 19:03 | 1528433 Cathartes Aura
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@FedBuster

Glenn Beck has changed the location of his big rally in Israel this August due to security concerns

Read more: http://www.businessinsider.com/glenn-beck-location-israel-rally-security-2011-7#ixzz1UCAq3qcm
Fri, 08/05/2011 - 19:38 | 1528530 FEDbuster
FEDbuster's picture

It's interesting that Glenn draws so much anger here.  Sometimes the clown and preacher act gets old, but Glenn is ripping on the FED, banksters and politicians equally.  He is also telling people to "prepare for the worst, and hope for the best".  He has talked about owning gold for years, buying a years worth of food for your family and is a proud gun owner.  So to all the Beck haters out there, fuck off.

Hasten the Collapse, OBAMA 2012

Sat, 08/06/2011 - 00:37 | 1529627 Cathartes Aura
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no information peddled by Beck is new or exclusive, it can all be found in many many other places, HERE for example - there's no need to have your news chewed up and spit into your mouth, pre-digested by someone with an agenda.

know your source.

Fri, 08/05/2011 - 15:43 | 1528016 Pegasus Muse
Fri, 08/05/2011 - 20:33 | 1528682 sabra1
sabra1's picture

can't beat a slingshot and ball bearings! kill quietly, kill often!

Fri, 08/05/2011 - 15:16 | 1527915 Variance Doc
Variance Doc's picture

Yep, the MR556 is a masterpiece.

Fri, 08/05/2011 - 15:47 | 1528036 Greater Fool
Greater Fool's picture

At least I'm managing to fish a few choice pieces out of the river of sewage as it flows along.

Fri, 08/05/2011 - 16:29 | 1528162 Ghordius
Ghordius's picture

Read it: "In what amounts to a massive bluff, the entire fiscal condition of the EU is on the table. If the bluff is called, Germany could be left holding the bail-out bag."

 

KEYWORDS: BLUFF  -   IF   -   COULD

 

It will not be called. If it will be called, it' wont be honoured. Everybody knows the German would go berserk, if we know something in Europe, is that you don't want the Germans to go berserk.

Fri, 08/05/2011 - 18:58 | 1528427 Pay Day Today
Pay Day Today's picture

Any guesses what the Americans are pressuring their allies the Germans to do about the EU debt crisis? Do you have a sense of US-German political relations at the moment?

Or have the Germans finally decided that their US allies have led them into one blunder after another.

Sat, 08/06/2011 - 06:42 | 1529971 Ghordius
Ghordius's picture

I don't see (from my limited vision) a "unified US" pressure on the German and French Govs. What I see is:

- a strong TBTF pressure on the EU to 1) accept a different set-up and 2) to install the TBTF preferred set-up, i.e. an EuroBond

- a medium pressure on Italy on having no opinion on the future of Libya and, more important, to OPEN their capital markets more to other banks. TBTF wants the Italian capital market to resemble more their usual hunting grounds.

- the usual decade-long pressure on Europe to decrease military spending (Ike warned against this)

- the usual misunderstanding in US diplomacy about how much the French and the Germans care for joint policies, how much the Italians and now the Spaniards are into it and the role the Benelux. Sometimes I think this is because US diplomats focus on one country and one language and become "color-blind".

- Meanwhile Russia has become the most important trading partner of Germany, followed by France. Last time it was the 1930's. Soon being friends with Russia will become more natural...

- IMO the Germans's position is still clear and the French, Italians and Spaniards are going to try many, many "unorthodox" approaches so that the German's keep their cool.

Fri, 08/05/2011 - 13:51 | 1527640 caconhma
caconhma's picture

Geopolitically, Germans always were and are stupid, fking idiots

  • There were no need for them to get involved in the WWI
  • There was no need for them to declare a war on the USA in 1941
  • Their leaders never purged their country from a 5th column
  • Their stupid arrogance never knew limits

Germans might learn something from Afghan people: regardless who you are but, if you invade their country,  they will send you back home in a body-bag.

 

Fri, 08/05/2011 - 14:15 | 1527716 DaveyJones
DaveyJones's picture

yes, thank God the Americans were not ignorant or arrogant on the Afghan front

Fri, 08/05/2011 - 15:01 | 1527874 caconhma
caconhma's picture

Yes indeed but Obama thought that he is a Bonaparte. May be not.

May be Obama thought he is a Duke Wilmington or some other Great Kenya chief.

It is 3-feet tall Sarkozy who thinks he is a Bonaparte.

 

 

Fri, 08/05/2011 - 15:07 | 1527899 RichardENixon
RichardENixon's picture

Actually, he thinks he's a Duke Snyder.

Fri, 08/05/2011 - 14:09 | 1527697 midtowng
midtowng's picture

It's all a confidence game. This latest bailout will never happen, and wasn't supposed to happen.

The announcement was only supposed to calm markets for the weekend. It's harder to control the markets over a weekend.

   When the markets start realizing the bailout won't happen some time next week, we'll see another plunge. But in the meantime they put off the day of reckoning for a little while longer.

Fri, 08/05/2011 - 14:57 | 1527862 macholatte
macholatte's picture

The poker game is a good analogy. Didn't the USA fund huge money to bail out the EU banks? My guess is that the player sitting in position #3, that guy with the really large sunglasses and sombrero, is Uncle Sam.

 

Fri, 08/05/2011 - 13:10 | 1527475 anonnn
anonnn's picture

Dow/Naz/S&P 2-min charst presenting ragged-jerky-ticky dirty-pen motion.

Where's the doctor? Call in the auditors. The InvisibleHand[s] fighting itself.

Fri, 08/05/2011 - 13:12 | 1527480 jus_lite_reading
jus_lite_reading's picture

The hand that feeds is biting itself! LMAO! 

We can clearly see 100% that this GAME IS OVER!!! THERE IS NO MORE HIDING!! 

Fri, 08/05/2011 - 13:30 | 1527577 MsCreant
MsCreant's picture

If the majority does not get it, does not understand it, is bored sitting and trying to understand it, is not motivated to understand it, they will get away with kicking the can yet again. I can't tell you how hopping pissed I am, but sadly, I think this is the truth. We will need to come against an obdurate, physical, kickable, limit, before this shit shack comes down.

Fri, 08/05/2011 - 13:48 | 1527628 newworldorder
newworldorder's picture

I am with you, +1000% on this. The only hope left is for the German electorate to say NO to this insane backstopping and guarantees. If they go along then nothing will bring this ponzi down.

There is no hope for the US electorate. Most of what is going on is really beyond their ability to comprehend and resits what is going on.

Fri, 08/05/2011 - 14:05 | 1527685 itchy166
itchy166's picture

The great recession will end the same way as the great depression ended.  The can will get kicked down the road until another (world) war starts.  

Unemployment solved, ponzi obliterated in the process with one big world-wide default.  New World Ponzi ground floor level when the war is over......

Fri, 08/05/2011 - 15:42 | 1528018 caconhma
caconhma's picture

This time, the WWIII will not do a shit for the USA.

It is a very different world than one in 1940s. Obama is definitely not FDR.

The most important item is that today USA is not the USA of 1940s

·        There are not too many idiots to fight and die for the Kenyan preseidente and his WallStreet oligarchs handlers

·        The US industrial base is not in a position to produce high quality weaponry in high quantities. The Pentagon budget is as wasteful as Medicare

·        Just look at Obama’s successes in Afghanistan, Iraq, Yemen, Libya, Somalia, etc.,

·        As for our European friends, Afghanistan and Libya are more than can handle

 

Sat, 08/06/2011 - 02:04 | 1529770 itchy166
itchy166's picture

You must be an American.

Nowhere did I say that WW3 would benifit America (or Americans).  Nor did I say or imply that they would win.

The US will start, or join, or will purposely be drawn into ww3.  They will reinstitute the draft to fight unemployment.  They will default on their debt.

After the war, a new ponzi will replace the current one.

Will the US still be a superpower on the other side? Maybe, but who cares?

Fri, 08/05/2011 - 14:17 | 1527727 Jonas Parker
Jonas Parker's picture

The Deutchmark, returning soon to a brauhaus near you...

Fri, 08/05/2011 - 14:18 | 1527739 DaveyJones
DaveyJones's picture

at least the shit shack is carpeted wall to wall with paper

one little match however

Fri, 08/05/2011 - 14:14 | 1527714 Strider52
Strider52's picture

Why don't we just print up a gazillion Quatloos, drop them all over the planet, and tell everyone that they're worth 1 iSomething or another?

Fri, 08/05/2011 - 17:00 | 1528247 CompassionateFascist
CompassionateFascist's picture

We already are...they're called "dollars".

Fri, 08/05/2011 - 15:53 | 1528055 Manthong
Manthong's picture

If they thought they took it in the shorts after the Treaty of Versailles, wait till they figure out what the deal is this time around.

Fri, 08/05/2011 - 14:21 | 1527754 24KGOLD FOIL HAT
24KGOLD FOIL HAT's picture

Like Dr. Strangelove's black gloved hand...Thur eve in Wisconsin we had a reverse racism mob attack ala Clockwork Orange...Time to have a Kubrick film festival this weekend to prepare for the Goldman HAL 9000 moment on monday...Major Kong has almost got the bomb door wiring fixed!!!!!!!!!!!!!

Fri, 08/05/2011 - 13:10 | 1527478 Cleanclog
Cleanclog's picture

So the ECB is the "fireman" in town. Does he have enough hoses and hydrants?

Fri, 08/05/2011 - 13:15 | 1527493 Bastiat
Bastiat's picture

ECB's got hose in hand and a half-empty bladder.  No problem!

Fri, 08/05/2011 - 13:32 | 1527588 MsCreant
MsCreant's picture

So that's what a piss-ant is...

Fri, 08/05/2011 - 13:50 | 1527636 Cleanclog
Cleanclog's picture

Great visual!

Fri, 08/05/2011 - 14:02 | 1527672 Tom_333
Tom_333's picture

Piss - bar pervert? There are things I could tell you about Germany that you wouldn´t believe

Fri, 08/05/2011 - 13:12 | 1527481 john_connor
john_connor's picture

German Bunds blow up in 3....2....1......

Then 1/6th US funded IMF comes in to save the day however US debt will get detonated to the chagrin of the PTB.

Fri, 08/05/2011 - 13:21 | 1527492 hedgeless_horseman
hedgeless_horseman's picture

Losing world wars (twice) has consequences. 

Fri, 08/05/2011 - 13:30 | 1527570 ZeroPower
ZeroPower's picture

Theres also a typo:

in the process bringing back the D-Mark and returning to a life of quiet contentment without a customs, cultural or monetary union.

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