- advertisements -
Dollars to be printed to bail out Europe.
The ECB has the Fed by the balls.
Gold is collateral in this particular bailout.
Who's the smartguy here, Bernanke or the ECB?
All euro gold are belong to Ben!
no, all gold belongs to the rothschilds in the city of london...........
couldnt resist another anti jewish dig, could you?
Man those Jews really have you beat down, dont they?
Cant say I'm surprised.
Europe will just give us I.O.U.'S. I.O.U.'S in Europe stands for I Owe U Shit.
Jim willie has a great essay on these events:
Pathogenesis of Central Bank Ruin
Taxation without representation.....seems we've been here before.
Time to bring out the muskets again.....just in time for the new Gitmo law.
Damn, I'm fresh out of flintlocks... anybody seen my powderhorn around here, I hear hostilities are afoot and I still need to sew my trouser button back onto me trousers. At least i figured out a way to eat gold
Well, it can be used as a fertilizer so defacto it's priceless!
France destryed the gold standard by pulling out of the London gold Pool. They sent a ship to New York to pick up the gold. It will be no diffrent this time.
The Fed needs to bail out Europe to save primary dealers.
like they saved MFGlobal?
larger primary dealers
The fed will claim a bailout of europe, but the fed is only acting to protect the big banks that it serves........
jim rickards interview.........from friday..........
The opposite: the French sent a ship for their gold because and after the Yanks destroyed the gold standard. De Gaulle was right.
The LGP collapsed when france pulled out
Ho Ho Ho....
Looks like there will be plenty of paper for the bonfires to keep us warm.
Here comes the Santa-Claus rally....
1 FED note = 12.44 BTU
This allows easy calculations of how many dollars you'll need for the stove.
How the fuck does anyone really think they are going to pay this back?
Please, don't be naive. Who gave you the idea anyone was going to pay anyone back?
Just like the Jones next door. Once they realized that they won't be able to pay their debts, they maxed all credit cards before declaring bankruptcy.
Could you name a time when any govt. has paid back its debts.. well i guess germany did that whole reparations thing, then sent the survivors repaid a tax bill with penalties for not declaring their"profits"
"On the Fed side, it is clear that loans to the Eurozone could be problematic to the taxpayers"; uh-huh. Yepp. I call it bailing out the bond owning class at the expense of the taxpaying class.
WHEN, not IF they do it, the end of U.S. sovereignty can now be declared once and for all.
Perhaps a review of the Boston Tea Party story would be in order also.
That's ridiculous. The Fed is swaping dollars for Euros. It is an investment from which both will benefit. The Euro will rise, making the Fed money, and Europe has liquidity, which they need to fund their banking system.
Since the Euro technocrats weren't going to solve the problem someone had to. It's a good thing if the Fed has stepped in.
The Fed has lost its ability to support politicians. A new year is around the corner. God damn Mayans.
Ben Bernanke should be tried for treason.
Maybe he thinks the U.S. isn't his country so he can't be tried for treason.
The Fed and the Treasury with SDRs have in effect shorted the dollar. Euro under 1.30 for extended period of time will force the FED's hand. The currency war is a race to the bootom after all.
The Stupid is strong with this one...
Wow Dr Paul- you're a really smart guy.... Doctorate? Of what- Religion?
"Solve the problem" should immediately be replace with "kicked the can down the road".
Does this mean states begin printing continentals or the like again? Do individual states loose soverienty, or just corrupt us gov departments? Do the people loose soverienty?
"...at the Revolution, the sovereignty devolved on the people; and they are truly the sovereigns of the country, but they are sovereigns without subjects...with none to govern but themselves; the citizens of America are equal as fellow citizens, and as joint tenants in the sovereignty." CHISHOLM v. GEORGIA (US) 2 Dall 419, 454, 1 L Ed 440, 455 @DALL 1793 pp471-472
The people of this State, as the successors of its former sovereign, are entitled to all the rights which formerly belonged to the King by his prerogative. Through the medium of their Legislature they may exercise all the powers which previous to the Revolution could have been exercised either by the King alone, or by him in conjunction with his Parliament; subject only to those restrictions which have been imposed by the Constitution of this State or of the U.S. Lansing v. Smith, 21 D. 89., 4 Wendel 9 (1829) (New York) "D." = Decennial Digest Lansing v. Smith, 4 Wend. 9 (N.Y.) (1829), 21 Am.Dec. 89 10C Const. Law Sec. 298; 18 C Em.Dom. Sec. 3, 228; 37 C Nav.Wat. Sec. 219; Nuls Sec. 1`67; 48 C Wharves Sec. 3, 7. NOTE: Am.Dec.=American Decision, Wend. = Wendell (N.Y.)
buy buy buy...........
Oh the ECB is TBTF as well?? Those slimy bastards are well on there way with the open window. This should cause an uprising.. calling all balls, calling all balls!
Oh the ECB is TBTF as well??
Oh the ECB is TBTF as well??
Well yes...at 50X or so leverage (LT)ECB IS the world's 2nd biggest hedge fund.
End all central banks.End the federal reserve.End all fractional reserve practices.
Great ideas. But the PROBLEM is this: You have a world full of people who have ZERO knowledge about these evils, so they don't have the first clue that they should only elect politicians (like Ron Paul) who are passionate about doing the above!
As long as governments are full of fiat-enablers, there will be NO real solutions!
And that is tragic...
And Why Isn't Big Ben in Jail?
Because he has the printer.
Surely not. Wouldn't this be considered treason?
Is 1 Trillion is enough ? Greek, Spain, Portugal, Ireland, Italy, etc...
I thought it needs may Trillions.. 1T will only kick the bucket down a bit further.
If 1T fixes everything, China would have stepped in and buy some heroic points. I thought China, with 3T reserves, wouldn't even touch Europe with a long pole.
Someone correct me if I am wrong.
Np... 1 trillion at 40x leverage = 40 Trillion. Problem solved
so rickards was right all along.....
"Now notional GDP is not the same as real GDP. In other words, notional GDP is real GDP plus inflation. If the Fed targets NGDP, what they are really saying is they don’t care about inflation anymore, they’ve given up. I’ve said all along the Fed wants inflation and this is a way of getting it. It’s also a way of destroying the debt by cheapening the dollar."
All you really need to know are the answers to these 2 questions:
1). Who benefits most from inflation...the debtor or the creditor?
2). Who has the printing press?
Though with this circle jerk of the Fed. buying Euros and the foreigners printing same as quickly as possible, maybe one doesn't need one's own printing press???
Jim Rickards makes a lot of sense. This video is a little dry at the beginning, but it gets very interesting at the end. This is the presentation he did for the military and other "intelligence" agencies. After watching it, I HOPE we really have gold at Fort Knox.
So let me understand this...The FED will print a large some of monopoly money and give it to their European gang members at the ECB, so that they can then hand it out to the fools that run the in debt Euro nations. They will then in turn spend it like drunken sailors until it is gone in say..... a year? Maybe? Then what? Oh yeah that's right now I remember! Then all of us tax payers can bend over and take it in the ass. Hope they provide us all with the local rape crises 800 number so we have someone to talk to after this happens.
After an infusion of $40 trillion monopoly money, they can buy your little house and hotels easily now...all they gotta do is up the property tax so you HAVE to sell. Game over.
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.