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Farage On EU Summit 'Breakthrough': "It's Not Credible; Nobody Believes You"
Judging by the modest rallies in what was already hugely oversold risk asset markets in a perfectly timed illiquid 'holiday' mode, it would appear that, just as MEP Nigel Farage blasts his European Parliamentary leaders, "Breakthrough? Nobody believes you". The new bailout vehicle - the ESM - is doomed before it starts as he notes "the wheels are coming off" highlighting the legal challenges in Ireland and Germany, the Estonian Justice Minister saying it won't fit their constitution, but most fun of all, the erudite Englishman barks "the Fins and the Dutch seem to have broken the agreement that was made in the middle of the night". Perhaps the "little countries" don't have a say in Europe anymore as his frustration with Barosso and Van Rompuy in their self-congratulatory smugness is clear when he jibes that "The Euro-crisis appears to be insoluble" noting that their incessant public calls that the worst is over or finger-pointing and blaming others has made them "an international laughing stock". It appears, like us, Farage does not see this as a game-changer - concluding that vacations should be put on hold as "the markets will all but guarantee we'll all be back here in August".
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Libor.
I think Tylers just posted this thread, today, for the LULZ!
they must have done - "hugely over sold risk assets ... " ??????????? WHAT????? with DJIA/SP a few % from their highs while we have ALL leading macro indicators except Personal consumption spending showing CONTRACTION???
probably Sarc LULZ
circa 2008
http://knowledge.wharton.upenn.edu/article.cfm?articleid=1980
So it was no small concern this spring when some experts questioned whether the rate's daily updates were rigged to be artificially low. Set LIBOR rates too low and borrowers might get an undeserved windfall -- at lenders' expense.
Maybe if we just start thinking of the various equity indices as "count up" doomsday clocks.
S&P 1500 - BOOM (and not in a good way).
An entirely different gold rush.
They say the men who tamed the west showed up with pennies in their pockets, but they neglect to mention they were also not unarmed.
http://www.youtube.com/watch?v=8dDhO4wS-0k
Oversold only because we live in Fantasy Land. The people over there in Reality are laughing at us.
trebuchet,
Quite. This is something that has had me totally bemused. 'The sky is falling in' and yet the Dow is under 500 points from its 2012 highs.
DavidC
and its 2002 highs as well.. Hmmmm
OT - UPDATE on Zombie Apocalypse:
http://www.wxyz.com/dpp/news/local_news/water_cooler/group-raising-money-online-to-build-zombie-amusement-park-in-detroit/?aqwe
Farage is the MOTHERFUCKING MAN! Too bad he can't gain control of this ship of duplicitous fools!
Nigel is definitely the man, but it's too bad he's been branded a kook because he's not afraid to stray from the party line so to speak, and tell the fucking truth. Just like Ron Paul, he is laughed at because he goes against the grain of GovSpeak.
But just think who has branded him a kook - or perhaps in a different setting a terrorist?! The same one's who brand blogs like this as - whatever.
Predictable I'd say...
Ron Paul is great at explaing the Grand Scam and he gets a lot of appreciation for that, Sarah Palin has praised him for it. But he's also King of Pork and a blame America first guy. His son is impressive and looks headed for leadership in the Senate.
he does not need control of the ship, just the scuttles.
Here we are all heaping praise on Farage for speaking up. On the other hand we are content to pulverise the injustices from the comfort of our computer keyboads using pseudonyms.
I tell you fellow contributors that unless we speak up louder in our families, circle of friends, workplace and anywhere we can, Farage will not be able to do much more than he is doing.
Clearly we admire Farage but has he inspired us?
Are you claiming my name Moe Howard is a pseudonym? Really?
Because I have a soft spot for the real stooges, I admit you are the real McCoy.
You make an excellent and fundamental point.
I had a brief career as an activist when I was young; I got the clear impression that the average public didn't care at all that I was trying to make an improvement in society, and many even felt some degree of disdain for my attempting to include them in my efforts. Even things as simple as just registering voters. I even once got arrested by police--cuffed and carted off--for peaceably circulating ballot initiative petitions at the "People's Fair" in Denver. My point--the same as yours PP--is that apathy is a crippling mental illness when it takes hold in a society. Finally, I figured I'd better just save myself rather than focus on a society that resented my efforts. At least our efforts back in the day were successful, and medical marijuana, among other new laws, are on the books, in Colorado and other states.
Nigel Irony Farage
Too bad there is only one Nigel Farage. The EU needs a whole army of them in every public office in every country.
That's ma boy! He absolutely twatted old Van Rumpy-Pumpy & Boracic. Those 2.5 minute slots have made NF - just the right amount of time for a full cadence & amen chord.
I'm sure a 'clap-o-meter' would show increasing volume & duration over the past few years; the other delegates seem increasingly to wear that nervous & wan fin-de-siecle Ceausescu smile.
Farage is no dummy and he says it like it is, not what they would like to "spin".
He is like a man trying to push an ass with a carrot :)
Tyler, there was some interesting overnight developments with BuBa's TARGET2 ;-)
"Put it on my tab, please." - Dancing Nancies
LOVE THE FARAGE
How is it that this guy hasn't got so depressed that he's written a farewell note and shot himself in the head, twice. Or a hotel maid or something. Then again maybe that's why Rompuy and Barroso looked so amused, they know about the contract with Sergey...
Wasn't there some suspicious activity with an aircraft he was supposed to be flying on, not too long ago? Hmm...I'll look for the story and see if I can get you a link.
He was in the plane when is crashed.
http://www.youtube.com/watch?v=dmG0qCVIDNc
He needs to stay out of hot tubs.
Or, how to harpoon a rompy.
Last days of Rome ...even Rompuy and Barroso have 'that look' of the EU Empire crumbling and no longer the arrogance of a deaf, dumb and blind bureaucrat safe in a cushy unelected job
The power is gone from Brussels, national Govts have taken it back, these turkeys are flapping in the wind aimlessly and Nigel obviously enjoys being at a turkey shoot
DeadFred wrote "How is it that this guy hasn't got so depressed that he's written a farewell note and shot himself in the head, twice"
Answer: Because he has safes in London stuffed with Silver and Gold.
You have to love this guy. I only wish the U.S. had a dozen of him.
Back in August? Try next week.
August? Try Thursday.
Reasons for monetary accommodation in short run: 1. leading indicators saying economies are going down.... PPT dial-up time. 2. deflation leads to loss of control of monetary policy and signs are towards deflation atm 3. central banks' existence/current godlike status will wane of there is no inflation Reasons against: 1. Banks know it will ramp inflation/asset prices. 2. They want the politicians to carry on delivering at EU level, who have not enough done so far. 3. They are stuffed to the gills with dodgy collateral and cant afford to "ease the rules" some more until there is a serious crisis. The deeper the hole they dig the harder it will be to get out of later 4. Some progress in Europe 5. Unemployment except for in basket case (PIIGS) is showing no signs yet of recession, personal spending not showing signs of contraction as yet what do people think? market is heavily skewed to buy side...
Is the World of Make Believe actually coming apart? It is time to free the Slaves. And most of all put an and to the FED along with all Central Banks. The Fractional Reserve Banking System is nothing but the largest Ponzi System in the History of Mankind. RIP !
Ok then END THE FED. And replace it with.........who? Congress? At this point I'd just like to see an actual audit made public. Oh wait...maybe not. That might just crash everything instantly. A fetid Pandora's box best left locked up in the attic.
NINE-teen times....
I love that he says it to their face. Not like the weenie politicians we have here who sneak off to find a reporter to make their claims. Good on you Farage, keep the heat on these 2 clowns. Hopefully the citizenry of Europe is getting the message. Would love to see the 2 little commie pricks hanging from a lamp post along with all of ours.
Paint it Black you devils
All together now:
"Well, nothin' I do don't seem to work
Only seems to make matters worse . . ."
GO NIGEL, GO! What an incredibly frank, articulate and intelligent man. Thank you for speaking up for us and for forcing some shred of democracy on the unlected shambles that is the EU.
Clearly your experience as a commodity trader shows - you could teach those incompetent crooks a lesson or two about finance.
You've definitely got my vote sir.
Farage better get himself a food taster. And real soon.
Still crusading against the enemy (Europe) of his masters (city of london). Anything heard from Nigel Farage on the libor scam? You won't.
*LOL* Truth is always funny.
Look at the idiots go, weeeeeeeeeee....!
Nor did we hear a peep from Farage just a week or so ago with the announcement of the BoE's new 'liquidity facilities'. Of course when the Grand Old Lady of Threadneedle St does it, it's called prudent monetary policy, when the ECB does it, it's nothing but a Ponzi scheme.
And I note Farage is still taking those euro's as a EU parliamentarian. I hope he's doing the patriotic thing & converting them to English pounds.
Not everyone casts a wide a net as Tyler.
Hit the trenches, INCOMING FARAGE!
The FARAGE has claimed more "intellectuals" in the past several years than any known asset to the liberty movement (aside from the Honorable Dr.Ron Paul.
When people equate Farage with Ron Paul, I start having doubts about Ron Paul, or atleast about the IQ level and power of perception of his followers.
How so?
Farage may not be perfect and may take up some boneheaded positions, but he is pretty much the lone voice in Europe right now that actually stands up for liberty on a weekly basis.
Question my IQ all you want, but he's one of the few sane politicians in all of Europe...
I understand the intracacies of Paul's positions and have read over 40 books from Austrian economists over the years (aside from a plethora of other books as well).. So, to question my IQ over agreeing with Farage in several instances, seems counter-intuitive.
Did I say he was as widely known as Dr. Paul? No, I did not. What I said, was that he is a good asset for the liberty movement.
Nothing else, nothing more.
On that note, please don't ridicule my positions.
"C'mon Suzy, you know that you're still pretty and I still find you attractive."
Dr Paul comes across as sincere, not just intelligent and with higher intellect. Farage comes across as a Demagogue.
Nothing else, nothing more.
IT appears you are confusing delivery and style, with the message.
If anything Nigel is an anti-Demagogue. He skewers the real demagogues to their faces while cameras are watching. Sure he does it with some flair and wit, with a smart ass grin on his face... but lets face it... who could resist?
I imagine a fair amount of ZHers would just jump across table and strangle the EUrocrats.
LULZBank, there is a vocal minority on ZH, most likely all of them foodstampers, that have elected to follow a pro city of london ex trader as their latest guru. There is no way to explain to this pious crowd that Farage is part of the problem because he is part of the system.
40 books or 40 pages?
currently the best politician in europe.
probably also in the world!
Nigel does know how to hand out a bitch-slap.
Nineteeth Nervous Breakdown...Epic.
Van Rompuy shitting his pants.
Is that you Van Rompuy who junked me? lol.
Barroso too?
:D
that never gets old. Farage is one of a kind.
You do not need to know anything in this world other than to buy thefacebook stock. Everything else is a waste of time. Facebook going to 180 per share. MZ is the messiah. He will solve this problem in Europe as well with thefacebook.
I'm sorry, but you're going to have to try a lot, lot harder than that. You've got stiff competition in the form of MDB to overcome.
Nigel Farage is as good in the flesh as on youtube.... A truly "proper bloke" , I had lunch with him six months ago and dinner three months ago, with Nigel you get what you see. Unlike the scumbags in charge
Did you put out?
Does a "tossed salad" count as "putting out"?
WHEN EURO FAILS GOLD WILL WIN AND FRAU MERKEL AND BUNDESBANK KNOW THAT QUITE WELL
They will be back there in August. Farage told this to the UK MPs too in Parliment the other day, that they as well will probably be back in August having to deal with EZ fail.
To just think after one summit, that the EU leaders feel they have this thing fixed for *7* different countries...is just....is just.....well, let's just say as much fail Congress produces in a single year, this may well take the cake.
Another Farage barrage.
EU leaders gonna need triage.
'cause they are holding the Europeans host-age.
You notice each time he tells the truth the applause gets just a little louder. I do think the Euopean representatives are slowly beginning to catch on.
May God bless you Nigel for those words.
Thank you very kindly Nigel. It seems your audience is growing, which is well deserved and about time. I didn't even hear the other MEP's such as Schultz and Verhofstad boohoo you down this time. Perhaps even they start to realize that you can't hide from reality for ever.
To all those boohooing MEP's I would like to say truth hurt suckers and you can not say "Ich habe es nicht gewust" cause Nigel has been telling you for a couple of years.
Happy 19th to you happy 19th to you ,,,,haaaappy 19th haaaapy 19th ....happy 19 to you ! Just a little surreal , dont ya think ..??
the Dutch kick a wooden shoe up these crooks asses !
It is a fucking joke! The entire fucking world is a massive welfare state.
1 person cannot support 100 - 1,000 other people. Especially now because they lost their job too.
And these motherfuckers who sit in their government jobs sucking tit? Fuck that bullshit.
They're leacherous scumbags. They have never produced jack shit their whole lives.
And if you can produce? Those cocksuckers don't want to pay for anything and won't pay for it.
They make you pay for their asses every fucking day of the week!
They want it for free! 100% global slavery.
Don't worry , this whole global interfuck thing is comming down soon.
Never produced anything their whole lives? Dude, back off the anarchist kool aid a minute.
The government at all levels helps us to have a better way of life and the excesses of the past five decades do not negate the proper functions of government, nor should they evade your attention for the sake of rabble rousing rhetoric.
The government does 'produce' things from better managed markets, to better environments, and more efficient travel and communications and dont forget standardization which saves businesses incalculable costs every day.
There is no free market unless it is also a fair market with integrity, unlike what we have been seeing the past couple of years. The government is *supposed* to regulate the market to keep it fair and honest, and thus the government 'produces' a better market than the jungle would give us. This helps the market to be more efficient when done well and it has and can do it well, IMO.
Please, the governments of the western world are bloated and need some serious roll back, but dont throw the baby out with the bath water. The government is still necesary and does serve useful functions and thereby 'production' as well.
Government is institutionalized coercion, pure and simple.
As such, it is a manifest evil which must be fought and destroyed.
That is a load of anarchistic gibberish.
Without government we would have Mogadishu. Is that what you want?
Grow the hell up. Its not the world oppressing you its you being a dumbshit.
No, it is a simple and tautological fact.
Government IS institutionalized coercion --- not sometimes, not in some places, but everywhere and ALWAYS.
Do you really believe that any society is better off being based on coercion rather than voluntary association?
You really think that autonomous group coersion is better than government coersion?
Because there is no such thing as a 'voluntary society'; that is a libertarian myth the equivalent of the final communist utopia. You get one form of organized coersion or another.
When you talk about no government you are talking fantasy unicorns shitting skittle storms happy thoughts.
If you rid yourself of one government and all that happens is ANOTHER government takes its place.
The government we have now has flaws, no doubt, but it is better than any other out there, and government is an unavoidable, necessary evil, but nonetheless necessary. And we can change it by organising in a democratic way and working within the system.
So work within that voluntary and democratic system or go whine in a corner, but you arent going to do much more than that anyway.
You are clearly a person of very limited vision and no imagination, and with an abiding fear of challenging the status-quo paradigms.
The free market is (or has been) simply "anarchy" -- the lack of coercion --- in the economic sphere. It is disingenuous and frankly obtuse to suggest that the lack of coercion is impossible in other spheres of life as well.
Although this is not the best example, we already effectively have anarchy in one realm, and always have had it: between nations. There is no one overriding coercive power that rules over nations. Is this situation perfect? Obviously, no. But it works, more or less. Libertarianism, however, unlike statists of all stripes, never promises perfection on earth.
Are you trying to challenge MDB now?
LOL...good one.
So there is no beneift to government standardization? To government construction of roads, bridges and airports?
I guess the free market would have done all this all by itself?
We have government because the strong subjugate the weak at whim. Most would rather have some controled force working to the good of all instead of random coeersion which is what you have in anarchy.
If anarchy works so well, why have governments replaced all such societies? Why is it different this time as opposed to the length and breadth of human social evolution?
And try to reason instead of being a smart ass, OK? MDB is being sarcastic and I am being totally serious.
The fucking Bolshevics used anarchists to obstruct resistance against them then shot them all when they took power and could get around to it.
Dont be a fool.
Why is it always so black and white to you pro big gov't types? That or complete anarchy? Come on, get real.
And you bring up regulation? What fucking regulation?
Fool? Who is believing the lies? Not me pal.
Makes my day everytime the EU gets FaRaged ...
So refreshing to know one is not alone .... and not insane.
that flag is an abomination.
When Farage "goes off on one", all you can do is feel sorry for Rompuy and Barrosso.
I know I dont feel sorry for them.
They deserve every whack they get.
I encourage Nigel to whack harder, faster and with even more gusto!
Anyone get the feeling "something shitty" is about to happen? I've had that feeling for awhile now. Too many bad vibes in the air. Probably some huge 'distraction' event or something I don't know.
More can kicking until after the Olympics. Then -- after August 12th -- watch out below!
Good man!
Unfortunately, the Dutch first chamber approved the ESM just now, even though the content of it has been changed! It was already approved by the second chamber last week so nothing stops the Dutch government from ratifying it unless someone goes to the courts. There is only one answer for this: http://forensicnexus.com/wp-content/uploads/2011/12/620961_81352753.jpg
I love watching those pompus idiots squirm in their seats when he calls them out directly by name. It makes my day.
Farage has some big balls, as ACDC would say.
I wish he would loan one to the US Congressinal GOP...just for a little while.
Nigel Farage is dynamic whereas Ron Paul is a bit reserved. Gotta like how he attacks the the hardened Euro bureaucrats. Need many more Nigels to keep hammering on all the US and Euro lies, energize people and to eject the current bureaucrats.
Sorry to interrupt the love fest, but Nigel is just talking his book. Britain, like the US, fears (feared?) the Euro becoming too successful. We fear someday needing it to procure the necessities of life, such as oil.
As the Swiss with their "reluctant" peg demonstrate, what's the point of controlling a currency, if you cannot print and spend it in those special situations?
Income inequality between the members of the EU is not a reason the Euro currency would not work. After all, many think gold would make a swell currency for everyone. No, income inequality is simply another reason that BAILOUTS cannot work.
The real mistake of the EUR masters is entertaining the idea of bailouts at all, in the first place. As we all know, they are bailouts not of sovereigns -- but of banks.
You are barking up the right tree, mate.
Wow, are you really that stupid?
Please, if you havent moved to the EU yet, do so immediately.
You need to be saved from yourself.
Farage speaks for the powerless masses who know the system is on big clusterpluck bought and paid for by special interests.
Enjoy watching him make the weanies squirm.
Dutch first chamber voted in favour of the ESM today. Not that it surprises me, Rutte in the MSM already campaigning against Europe. Instead of showing proof of his objections to bailing-out banks with ESM money he sent his finance minister J.K the Jager to the first chamber to plea in favour of the ESM making sure it would pass the vote today. Although I doubt additional support was necessary. Dutch politicians are so pro-EU. Dutch elections in September are so incredibly unimportant in this entire scheme and the outcome is so predictable, that I wonder why Nigel put any faith in the Dutch elections of September at all.
I won't bother to vote, fucking waste of time. Enough lies and I'm indifferent to the argument "if you don't vote you should not voice your opinion." I always exercised my right to vote but guess what politics were indifferent to voters. Most notably the no vote in 2005 65% of the population voted no and what did the conniving SOB politicians come up with? The F***ing Lisbon treaty. Even if it means suffering for 10 bloody years, I'm going to so bloody celebrate the day this entire bloody scheme falls down.
Mancrush
Whenever you see Van Rompuoy and Barroso, you just get the feeling that they think the coup is over, and they won.
They just don't seem to see that they need to consult the rest of the continent, or reach a consensus, or even listen to alternative viewpoints.
You just know they don't see any reason why they should be in the chamber with the little people like Farage.
Might have been tolerated if they were all-knowing, and brilliant, and effective, and people recognised them as the best of the best. Unfortunately they are merely under-managers with stolen 5* epaullettes pinned on their puny shoulders.
Ofcourse they are winning. They are on their path torwards EUSSR and the destruction of the nation-states of the White Race.
Almost nobody knows (thanks to MSM) that Barroso is Maoist. If you only don't like to glorify jews, the MSM will crucify you, but if you're admiring the murderer of more than 60 million people during peace times, the biggest murderer of all times, then they have no problems to support you!
Never Retreat! Never Surrender!
http://shutupnsing.wordpress.com/2012/07/03/the-spirit-of-the-300-lives-on-independence-day/
Gawd, I wish Ron Paul could elocute like Nigel Farage.
You only have to look at the proportion of votes UKIP gets - sorry got... ;)
Thank you Nigel! No need for you to turn the corner. You'ver been spot on for a very long time indeed.
This man is such a brilliant speaker. Although English is not my mother language, it's always a pleasure to listen to him.
And he's the proove that Democracy doesn't work: He is not UKs leader and never will be. Too smart for the sheeple.
Oh, is that him again?
The hero of all Zero Hedgers, who "tells it just like it is"?
He makes me sick.
Preposterous MI6's "civilian contractor"/scumbag on the paylist
Farage is a City Bankers friend. He advocating higher pay-outs for bankers. That is what he said in the Max Keiser Show. "Ordinary people do not understand but bankers need more money", I am not joking that was wat he said.
+1, Mr. Farage.
Escaped from O'Blighty to listen to the Nigel giving those barking bahookies a send up.
Delightful.
Rally Warning Confirmed...
As mentioned earlier, further equity strength and USDX weakness expected this year according to my analysis.
http://www.zerohedge.com/news/2012-12-24/market-analysis
Talking truth to power, at its best:)
Neil Farage is a clown and I can't believe anybody believes him...
Seriously, you would think by now they all wouldnt still be looking inbred....
Rumpy looks like a character hoping to get a break into a B grade movie.
How do the Europeans get up in the morning and look in the mirror?
Seriously, you would think by now they all wouldnt still be looking inbred....
Rumpy looks like a character hoping to get a break into a B grade movie.
How do the Europeans get up in the morning and look in the mirror?