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Following Short Selling And CDS Ban, Europe Now Seeks To Ban Free Speech
It was only a matter of time before following banning everything else that it could, and that is not under its control, Europe would go after the only thing that matters: the First Amendment. From Bloomberg: "Michel Barnier, European Union. Financial Services Commissioner, wants to give the European Securities and Markets Authority the power to temporarily prohibit credit-rating companies from publishing ratings about ailing countries, Financial Times Deutschland reports. Such a ban could prevent ratings from being published at “inappropriate moments” that could have negative effects on the financial stability of nations as well as on the global economy, the proposal states, according to the German newspaper." Next up: ban on anonymous blogs whose disclosure of the truth could have "negative effects on the financial stability of nations as well as on the global economy." After all the proposal has already been floated by one Todd Martin os Morgan Stanley and currently SocGen fame, with whom, we must admit, we forgot to preclear this post. Full FTD report here. Read it before it has been "filtered" by Europe's commission on truth sterilization.
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as i wrote in my submission:
"if truth hurts, render it illegal"
Always works - NOT!
“inappropriate moments” - That'll be when they've been marked down then, and if it isn't public knowledge it won't be allowed to be disclosed.
Appears to me that they won't be disclosed till they again go back up, so it's bye bye rating agencies, it's been nice knowing ya, even if it was pointless and you cost us all a truck load of cash in the interim.
Shit happens...
“Inappropriate moments” That's my favorite General Foods international coffee flavor!
Please no more questions...
http://www.youtube.com/watch?v=6zEYMrhpn_k&feature=related
Made me laugh.
Another streak of US cheap propaganda.
The whole setting aims to credibilize credit ratings agencies.
Credit rating agencies are given actual information and thus the revelation of pieces of information might be dangerous.
But what in the real world?
In the real world, it appears that credit rating agencies are posting news three months after events happened.
Their predictions are reports about the past.
They are outdated and on the same boat as the US led free world. They have been extremely cautious not to harm their host countries.
Governments have been preserved from pressure by credit ratings agencies as the latter are lagging behind, buying time for governments to digest the previous crisis.
Old news are old news. Credit rating agencies already censor themselves by delaying the proper assessmentof the situation.
The comparison to that Chinese agency whose reports are conformer to reality is telling. Only Switzerland has AAA rating, all the other countries score lower.
Thus, a mere attempt to credibilize credit ratings agencies and avoid facing the very fact that all these guys are acting in unison, protecting each other.
Just wondering what the hell I'm going to do without a ratings agency to tell me there is a problem with my AA rated Enron bonds 4 weeks before it goes bang. I mean 4 weeks is a lot you know...
and just who is going to tell me my subprime CDO is junk? How will I know?
What are we going to do without them?
Fuck. I'll have to buy gold...
and then not give a shit, again...
Fuck you, EU and ECB.
The ratings agency of HoofHearted and IceMelted say that you're all fucking bankrupt without a lick of credibility, sensibility, or any ability at all. We note that Germany is bending over for Greece, Italy, Portugal, Spain, and really its own banks. France, you don't escape because we say the same about you. We also say Merkel and Sarkozy are learning to like being screwed the Greek style. (You can look that up if you need to.) We give you all ratings of F for fail, especially since Austria is so close and if you just read some of their famous economists from when it was Austria-Hungary...
But we digress. We recommend shorting the hell out of anything European you can get your hands on that is still legal to be shorted. Censor that, bitchez!
Next up: every moment is inappropriate.
How would this even work in practice?
1. Much of this speech comes from outside EU jurisidction: 2/3 main rating agencies are American. Fitch is French-owned but has offices in the US (and UK). Secondary rating agencies that are often used are Egan-Jones (US) and Dagong Global (China).
2. So, ban EU newspapers from printing the belated speech? That's going to work well when in the presence of the Internet ...
3. This almost certainly violates free speech in many countries in the EU. So, there would be huge opposition to even get the legislation and if by some miracle you did, the EU would collectively be paying an army of lawyers bonuses for a couple of years, while the anti-rating agency rules did nothing to stop the information being disseminated.
I'm betting this is going precisely nowhere ...
Finally, I can't believe the FT, especially FT - Deutschland, would reprint this crap or at least highlight it with an entire article!
Point is that it shows the mentality of the people behind it.
Just wait until Goldman is allowed to take out a life insurance policy on you before they have you executed, GSrepoII
It appears there will not be any financial markets in "free and democratic" EU. Financial markets cannot function without a free flow of information. Who in his/her sound mind would dare to put their money in something they have only biased, misleading and/or fraudulent information about?
Congratulation my EU friends and welcome to the old Soviet central planning society.
People who cannot handle the truth are doomed.
PS
Being honest, I do enjoy very much the EU misfortune and their Rothschild family masters. Once again we will be able to sell them weapons so they can kill each other.
After reading the comment sections, it is clear that US citizens love their cheap propaganda.
Very few remember that they considered credit rating agencies to be lagging behind events. They had at one moment though as for a period of time, reporting about the laggishness of agencies was trendy.
The US is not the solution, the US is the problem.No matter where, no matter when, US citizens will try to recreate the conditions for their US citizenism to endure.
The US citizens nature is eternal.
Hmm, interesting. I have always said that people love to be lied to. People love being entertainmed and to being forced to think. It has become the American/Western way. This works well for the elitist oligarchy because they don't want the slaves getting uppity and bothering them as they loot the world. Give people their iPods, their NBA, their Dancing with the Stars and their Facebook and you could take everything else, feed them B/S propaganda and they would be thankful not to have to deal with reality... or so that has apparently been the plan.
If that is specifically a characteristic of the US corporate slaves, then maybe the rest of humanity just has not had sufficient leadership to figure it out yet ... or maybe their leadership just gets off on hacking the heads off of babies and pregnant women. Heck the US corporation does the same thing by twisting its poor and discriminated against into thugs and murderers and sending them overseas to poison, rape, torture and slaughter innocents.
I would like to distinguish between the USofA republic that once existed and the US Corporation owned by the international bankers, but there does not seem to be a point since people alive today have no frame of reference.
It's an inappropriate moment when they are getting in a lifeboat and the passengers break out of steerage.
or, it could be when your up that creek somewhere and you discover that you haven't got a paddle...
or could it be when your two year old utters the words 'He's fat" just as jumbo man turns round on an escalator and looks down...
Coming to a Country near you - shut down the Internet...... Hide under your bed.
Tyler,
If they do I hope you're going to set up your own online Credit Rating Agency
He already has. Apple was just downgraded.
I'd like to see them try and stop the Chinese. That should be interesting.
Hell, I'm sure they'll let us know when its all over and what we still think is AA+ has already gone the way of Enron, it's just that we won't know it
I'm sure we'll find out eventually. I'm also sure that ZH'ers already know that these Sovereigns and the Fed are not AA, A+ or anything else but D already, so what's all the fuss?
Just buy gold. Done...
Gestapo, bitchez!
that's exactly what the EU is - totalitarian anti democratic socialist
They were called Nazis in the 30's
War next
French socialists held Germany to ransom; demanded the Euro in return for unification.
Versailles 2.0
War next
Bring it! I don't give a damn if I'm under the first nuke that goes off - anything to stop this bullshit.
Reset button or launch button - either is fine. Just press the damn thing and end this ridiculous fucking circus.
Each time I read ZH, I lose a little more faith in the human race. Not ZH's fault, of course.
and whereabout are you?
just wondering where I shouldn't be, that's all...
I'm in the UK, but I would feel the same anywhere. Bullshit fully globalised these days.
That's ok, I'm not in the UK. Let me know if you decide to buy any explosive vests or anything...
Oh and er, take a tip from the top, buy some gold, it really will seem completely irrelevent.
and that way I'll feel a lot safer should I ever find myself on the same bus, or train station.
All my savings are in gold (physical) :)
I'm not a suicide bomber - I have no reason to harm anyone, but this whole fucked-up system pisses me off. I want to see the system smashed - preferably all in one go. I don't believe that violence on my part would have any effect whatsoever. A suicide vest would just make me another petty arsehole who makes a bunch of people even more miserable than they are already, but achieves nothing else.
I want a reset. If it takes an apocalypse to reset, then so be it.
Yep, me too, but I'd rather be watching the apocalypse from some distant beach as opposed to being a part of it....
How long before Gestapo meets #OccupyWallStreet?
When the outdoor temps hit 32 degrees.
EUSSR!
Watch the famous analysis by ex-GULag prisoner Vladimir Bukovsky on YouTube: http://www.youtube.com/watch?v=bM2Ql3wOGcU
"I have lived in your future - and it didn't work!"
This will end up well, I'm sure...
Larry Fink blamed the weak economy on blogs
...just throwing it out there
http://blogs.wsj.com/deals/2011/10/19/larry-fink-blasts-lawmakers-and-blogs/?mod=google_news_blog
It would be fucking great if those cunting retards would realize that these blogs wouldn't even have a reason to exist, if the corporate media reported the truth.
But hey, LOOK OVER THERE!!eleventyone11
Word.
What a tool that Fink is. He calls this a confidence crisis, not a liquidity crisis, and tells investors to stop being scared. Amazing. Not a word about inescapable, crushing debt. It's all ungrounded fear by investors being churned up by blogs and short term thinking on the part of legislators.
Doop
Of course Larry the Fink is correct from a certani perspective.
People RIGHTFULLY have no confidence in the people who manage their money because the people who manage their money have been shown to be criminals who, through government support, have been left free to loot from individuals, retirement plans, corporate balance sheets and the government and transfer wealth to themselves so that they can lord over the world as if they deserved to be elitist oligarchs who are above the law.
Solution: Start prosecuting and executing banking executives for crimes against the country and humanity. I am thinking that confidence will return pretty quickly.
People also have been starting to get educated and so they understand when they see it: a) a Ponzi scheme b) a rigged market c) lies, lies, propaganda and more lies coming from Wall Street and the captive media d) bucket shop bets called CDOs and ETFs e) an unsustainable system that is designed to fail because at any time the amount of the money owed is greated than the money created f) the substitution of printed fiat crap money for value
Solution: Fix the root problems instead of trying to prop up a system that supports parasitic elitist self serving greedbags who think they are above the law. It can be done. It will restore confidence and the only people who will suffer are elitist criminal greedbags. Everyone else will be happy and grateful.
People have lost confidence in their government because now it abundantly clear as a result of TRUTH spread through alternative media that the people running this country's government are criminals who accept bribes from Wall Street and captive corporate elitists for legislation, trade for their personal accounts on inside information and then are paid off again after they leave government by being given free money from the Bankers and corporations.
Solution: Fix the problem, instead of complaining about the blogs spreading the TRUTH
People have lost confidence in a country that sends its young people off to die and become murders, torturers and rapists and that criminally executes its own citizens so that people like Larry Fink can make more money.
Solution: Become a socially responsible and independently strong leader and partner for the world instead of the evil hypocritical empire that the Corporate US state has become.
People have lost confidence in their so called leaders (because they are really parasites, not leaders) who have created an environment where poor people are kept poor by making it easier for them to take fiat dollar bribes than to work productively, where small businesses are disciminated against by legislation and forced out of business by large competitors and where the system has provided incentives for corporations to loot the world internationally with no concern for keeping their home and local neighborhood in order.
Solution: Create a fair playnig field for small business, break up monopolies, return the rule of law to the US, return the media to being a free media, get rid of incentives to loot the world globally and phase out welfare in favor of value adding work. It is all possible if it would be wanted... but it appears that keeping the people weak benefits the Larry Finks of the world.
It IS a crisis of confidence and well founded at that. Fix the issues and the crisis of confidence will go away. Unfortunately while Larry the Fink is moaning about confidence he is not willing to do anything positive to fix the problem. He has the power to do so ... very few other people can effect the kind if change he can from his position of power. He should not be a whiner. If Fink was any kind of real leader instead of just a elitist parasitic looter he WOULD be part of the solution.
i'm guessing barnier is french...
You're absolutely correct, naturally. http://en.wikipedia.org/wiki/Michel_Barnier
Just ban selling - then kick the can to the 22nd century. Problem solved.
I go with the oldest system of shorting; buy gold.
By definiation you are short the entire world, which in this environment doesn't look too bad at all...
Selling is only a symptom...
Ban Math.
It's much easier to just redesign 2 so that it can be 1 on one side of a balance sheet but 3 or maybe 4 on the other.
Howzat!
all your info are belong to us...
Whats next the CNBC Million dollar challenge will outlaw all naked short selling!
Naked short selling is counterfeiting while short selling with borrowed title is legitimate.
Please explain Naked Short Selling for our audience....
Perhaps you would be good enough to give us your view.
I suspect that the audience here is fully aware of the difference between short selling and naked short selling, but I/we are always open to enlightenment, where we can find it.
Short selling:
I borrowed some silver from my borker, so here's my physical 1000oz of Silver at $30/oz.. I will wait until the price drops to $25/oz and then buy it all back for a $5/oz profit! Yay!
Naked short selling:
Here's my paper receipt saying I have 1000oz of silver (I really don't, but trust me!) and I will sell it at $30/oz.. and then buy it back at $25/oz when the price drops and make $5/oz profit, Yay!
Short selling is a legitimate way of making money by speculating that the price of something will go down so you can make a profit, while naked short selling is illegal because you're making money on something you don't have. This is why people are saying JPM is beating the price down of silver by "flooding the market with paper silver" .. they're naked short selling - considered by many to be illegal.
It's called gambling...
hmmm.... Here I thought all selling without owning the underlying stock or commodity WAS considered Naked short selling....
It is, I was only using silver as one example.
Euro zone won't ban bunga-bunga. Berlu has something to celebrate about in a new bunga bunga orgy...
Eni oil group have found a preliminary well estimate gas field of 15 Trillion cubic feet potential. And there could be more. Its offshore at 1500M depth, and its off Mozambique coast. So something for poor Italy to cheer about.
That could positively affect one market, which could negatively impact my CDS. I ban your comment.
Idiotic.
All this achieves is that purchasers are forced to do proper DD and can't rely on BS ratings anymore.
Result is less buyers and higher yields for even the core.
or as we say in the UK, fewer buyers.
Sigh. I'm 57, American. We had to learn such things as children. Not so any more.
You learn to recognize correct writing (let alone good writing) by reading good stuff. I did less of that than my parents, and the generation behind me does even less. The real problem is that our ability to think is tied to our ability to express our thoughts (the inner dialog), so the condition of the expression is likely an indication of the condition of the thought process behind it.
Yes, and unfortunately the process appears to work in the reverse. By exposing yourself to poor writing, you compromise your ability write. We can see the loss of the ability to express ourselves in our culture, and as you pointed out, our ability to express ourselves is linked to our inner dialog, which in turn reflects our impaired ability to think.
In other words, the Internet, video games, and texting R makin U n me dummer.
This process is likely to accelerate, because children have diminished interaction with their parents and technology will continue to isolate them. Even if that were not so, the people who grew up without the Internet will slowly die away, leaving the world populated with parents and teachers with compromised communication skills. Who will they learn from? Will their descendants communicate through a system of grunts and clicks like howler monkeys?
"Grunt R U n me grunt click Bitchez"
True in itself, but many managed-fund charters (pension, insurance, even trusts created by individuals for their kids) have stipulations about what percent of the assets can be held at various ratings. A ratings drop implicitly requires the trustee to sell the downgraded asset. The solution would be to suspend those rules (kind of like FDR revoked private gold-payment clauses in private contracts), but this probably looks easier.
That's not the worst part. The worst part is that these ratings SO OBVIOUSLY will find their way to the insiders in spite of this ban.
And even though this will be recognized, the paid for politicians will do nothing about it.
So, you could just bug out and buy gold. It won't matter then...
don't all downgrades happen at "inappropriate" moments particularly french ones?
"Sweetheart, please tell me the right time to tell you that you are fat?"
Price discovery is so 20th century. In modern times, we let the bureaucrats set bond values.
Do you mean:
"Price discovery is a barbarous relic"
- Smiddy
“inappropriate moments” - exactly who decides when a given moment is inappropriate ?
Anytime the market is going down...or might or should go down is: "inappropriate". In other words - all the time.
whenever broke governments might be required to print/borrow more cash they can't get to guarantee depositors funds.
Buy gold...
“inappropriate moments” - exactly who decides when a given moment is inappropriate?
15 minutes after Viagra is taken...
If we don't hear about the problem, then there is no problem! Why are all these annoying discussions between France and Germany going on? Just everyone keep quiet, the only thing we should be hearing is the hum of the printing presses.
EU FIXED!
No oil no hum.
I BAN THIS COMMENT because it could cause people to wake up and refuse to participate.
Not that anyone listened to the rating agencies anyways.
Goldman Sachs said it before: They are a lagging indicator.
Goldman Sachs said it before: They are a lagging indicator.
//////////////////////////////////////////////////////
Spot on. This little dance is simple propaganda to try to sell the idea that credit ratings agencies have not worked to protect the best interests of the US free world.
They are a lagging indicator, they predict the past.
They buy time for western governments to deal with the current situation with ampler margin.
Telling that they are a lagging indicator and reporting about the past exposes though.
Claiming that you want to suppress them gives them an authority and a credibility they have not.
Kind of "we have AAA ratings, it is true to reality. Facts are dangerous. If they were not dangerous, we would not try to suppress them"
It is how it works in this US driven world, how propagandists by attacking each other want to credibilize each other.
Euro US citizens attack agencies. It means that agencies'reports are factual (that serves agencies whose credibility is endangered by reality) and governments whose ratings are guaranteed by the newly strengthened credibility of the agencies.
They have no credibility to a thinking person, but that doesn't make them irrelevant.
The reason it's illegal to shout fire in a crowded theatre is because people can be trusted to act irrationally. People are not thinking creatures, especially in the marketplace.
On the other hand, the rating agencies are designed to illicite irrational behavior by market participants in the form of buying. The ironic thing is at the one time they threaten to illicit RATIONAL behavior, i.e., selling, they are silenced.
The reason it's illegal to shout fire in a crowded theatre is because people can be trusted to act irrationally. People are not thinking creatures, especially in the marketplace.
//////////////////////////////////////////////////////
Correction:
The theater has signs of fire starting up everywhere.
Theater managers want people to believe that everything is under control.
Insurers report that the theater meets the regulations over fire risks while second after second, it is clear that the fire is growing too much and too fast to leave other solution but evacuate.
Eurozone countries are overated in terms of credit. Agencies have underreported their real status,preferring to lag behind to predict the past.
They have done a favour to Eurozone countries.
It is denial here, not fabrication of events and eurozoners want the deniers credibility to be increased.
Much more effective to do what we do here: Misdirect, obfuscate, double talk, deny and lie.
"The criterion of truth is that it works even if nobody is prepared to acknowledge it.” - Ludwig Von Mises
...I can't hear you, I can't hear you...LA LA LA LA LA
They have the first amendment in Europe?
Ha. All sarcasm aside, NO. But the EU will seek to impose this rule on U.S. based ratings agencies. So they will in essense be screwing around with OUR 1st Amendment...which is much, much worse.
Next you'll have free speech "leaked" from the FT in order to reach the masses.
If you're not happy with it don't invest in it. Eventually the world will work out that the entire system is based on bullshit and that they can't get their money out. Then they too will buy gold and bug out of this entire fraud.
Who gives a shit, really?
Ratings are just communication, as are markets (communicating price) and even fiat money (Marshall McLuhan's Understanding Media has a chapter on this) serves as a way to signal who's producing and who's consuming. Governments have long tried to distort the signals given by markets and money, so why not ratings as well.
Next up, bloggers and posters spreading doom-gloom rumours on the internet.
Diss those Greek bonds while you still can.
....but...but...it's bullish isn't it?
Oh it's definitely bullish. I suspect you have a good idea just how quickly this is going to blow up!
They made their collective Socialist bed. Let them sleep in it.
Capitalism, bitches!
Where exactly can that be found?
Within TPTB ... duh! They know what works! They work in a totally free-market anarcho-capitalist world of their own ... while feeding us propaganda that "anarchy is mayhem", "capitalists eat babies" and "you must have a government ... how else can you make laws to enforce contracts and get justice?"!
In their world, there are no written laws and few written contracts. Business is carried out between them on reputation and a handshake (they don't want anything in writing to be leaked to the peasants now, do they!?!).
Arrangements for, and payments for, multi-billion dollar drug deals, illegal arms shipments, purchases of congressmen and presidents, child prostitution rings, smuggling illegal immigrants, money laundering, insider trading, currency manipulation ... you name it, they do it -- all between each other without any laws restricting [their] trade and no courts needed [or available] to settle disputes! Arbitration is the means of dispute resolution.
And it all goes along very smoothly for them. Rather like we get to play on eBay - but on a much bigger scale.
at least it'll stop all rumours, isn't that so?
And where does he get the power from to do that ?
Credit Agencies should stop beating around the bush and just come out with all their ratings Now. We all know France and its banks are dog doo.
Right, the Agencies will have to do all their downgrades now, before the ban on inconvienent truths. After that, who gives a shit?
This is a new paradigm, and it's obvious some people just don't get it. In a global economy everything is tied together in one big tranche, so it's all AAA.
In case there is a person out there somewhere on mars that doesn't know, and needs a credit agency soemwhere to surprise them with the 'truth'.... let me give you a spoiler.... Europe, the Euro and USA are totally ecnomically fucked and it is only a matter of time until the whole lot implodes.
Yes! Ban the truth, so that mum and dad investors can think everything is ok and loose their money to JP morgan and GS when it all hits the fan... jerks...
Since when could a rating ever be considered the truth?
Do you have any idea how many supposedly knowledgeable fund managers are now totally fucked?
Without a ratings agency to do their job it will become quickly apparent just how little expertise they actually have...
Yes! Ban the truth, so that mum and dad investors can think everything is ok and loose their money to JP morgan and GS when it all hits the fan... jerks...
This could never happen in the US.
People got rights here. And, fortunately, Corporations are people.
Of course not. In a country with trustworthy, unbiased information giants such as CNBC and Fox, the populace can be left assured... they'll never escape 1984.
..and...central banks, especially the corrupt US and their agents are depserately beating gold and silver down..because they know it is the only remaining wealth peserver on the planet and the USD a bag of shit.
the world takes another turn to fascism. when you see something like this you realize the whole system should just be destroyed
Jiminey Crickets.
Aren't the ratings agencies all US companies using their 1st Amendment right to free speech? The europeans must surely realise this is not a battle they can win.
As a UK citizen, one of things I respect most about the US is the constitutional right to free speech. Something we unfortunately don't have.
Coupled with your user name, that comment caused me to smile a little.
Wait.. you were being serious?
There are limits to free speech in the U.S. During the last century a Supreme Court justice said that one cannot yell 'FIRE' in a crowded theater, on the grounds that such a use of free speech would result in a stampede to get out of the theater and thereby risk injuries to people. Telling the truth about the financial state of the Western economies would cause a similar rush to the exits, as everyone with any sense would dump their paper and buy physical. This would risk financial injury to many investors and moreso to TPTB, so free speech must be suppressed.
As to Europe trying to suppress American free speech, consider what the U.S. imposed on the European banking while cracking down on Americans trying to evade the IRS. The one-worlders at the top of the Western governments work together to put the screws to anyone wanting to opt out or even maintain a low profile. At least in the book 'Brave New World' people could opt out - I think it was a place called Coventry.
Tyler, you are confusing things. As usual.
Firstly: Your "first Amendment" is a USA-only thing, it has no juristical meaning in the rest of the world. You might find it astonishing because nobody told you before but the USA is only a small part of this world, far away behind the big ocean. This planet is much larger.
Secondly: The ratings agencies that are located in the USA are outside the reach of any european jurisdiction, so they consequently won't give a shit about what some sick european politicans would like to do in their own countries.
Strange I understood that exactly the other way around. Your own argument explains why the first amendment is under attack. Rating agencies are in the USA, beyond EU juristiction; hence would need to be tweaked in order to accomodate.
How can the USA constitution be attacked (or otherwise affected) by the things that some europeans want do in their own countries?
If you want to play in the bigger arena, you have to play by their rules or you don't get to play.
Are you implyig that the europeans now control the rules after which the USA has to play? I always thought it was the other way around.
I was thinking of the IMF and these other "erections" they create internationally to disguise bailout/printing efforts. If they are printing/swaping/vehichling and they are in the midst of crisis management, they can write the story "why do these interventions if the agencies are going to work against us?"
The answer of course is don't do the interventions, then there is no need for bogus international agencies.
The folks talking NWO have some evidence in their favor in this one, that is for sure.
You make no sense whatsoever.
The prior point is valid: saying Europe can go after the 1st Amendment is an elementary school mistake.
Just base yourself in South America or Russia or somewhere else and downgrade their butts anyway.
In the new world order, I'm angling for a job at the European led "Ministry of Truth". I'll get Greek benefits, and be able to uphold god's word here on earth. Aside from watching over the usual suspects, I will get to "filter" ZH.
Where do I send my application?
Dusty bin would be a good start...
Thought crime is not funny son. May I see your papers?
So, it is real. The Ministry of Truth really exists. UFB.
Can't have a thing like truth influencing the system.
Walter Sobchak to Michel Barnier: Life does not stop and start at your convenience, you miserable piece of shit.
Come on guys be honest, trollbama would probably also try to render ratings illegal if the rating agencies had the guts to tell the US its true rating. What we see here is pure and simple desperation.
Dont't confuse me with facts.
The facts are what you're told they are.....
http://www.artistdirect.com/video/garden-of-aalah/31851
The rating agencies should withdraw their rating on all EU debt if this comes to pass. Stick everyone to the N/R Rating Withdrawn region and see how they like
Greece 10Y: N/R
Germany 10Y: N/R
France 10Y: N/R
Dimwits.
What is required is to curtail financial markets to what they were like pre-1980. Including Gl-Stgl. What investment banks, so constrained, would then do would be very limited. And regulators could advise as appropriate freely. Currently, with all the shit going around in markets, cause of this collapse, its time to change the habits of this corrupt, manipulated, cancerous market; now mortal danger for the whole of civilization.
When we won't have the possibility of seeing banks/HFs making naked derivative over the counter/ black box peer to peer plays, which are not interdicted by regulators, and which have attained mega trillion proportions, this whole argument of first amendment VIOLATION will make sense AND NOT BE IRRELEVENT , even misplaced, as it is today.
Shut down the naked derivative financial bunga-bunga party (commodities, interest, currency etc segments), shut down the CDS insurance bet substrata, where you insure the Oligarch participating in the bunga bunga so that he has to further pay to be bailed out from jail, if caught in bunga bunga act, making thus the whole ponzi even more unreal and dangerous, and then we'll talk about free speech.
But first lets get the discussion back to business cycle finance and away from bubble ponzi finance in this tower of babel. Who cares about free speech allowing WS shills, spin doctors of evil, to deceive the people and cheat them out of their lives!
IN TOTAL IMPUNITY!
Aurora Ex Machina.
Or, given the propensity for Biblical structures within the banking class, we'll go NT:
He who rejects Me, and does not receive My words, has that which judges him—the word that I have spoken will judge him in the last day John 12:481
The China solution. Europe should go ask the Commies how their firewall works.
Michel Barnier, European Union. Financial Services Commissioner, wants to give the European Securities and Markets Authority the power to temporarily prohibit credit-rating companies from publishing ratings about ailing countries, Financial Times Deutschland reports.
Well played Michel, nice preemptive move! If you get your way, Germany can avoid the nasty night-time spectacle of credit-rating material bonfires.
As the forces of order become the anarchists.....
...the anarchists become the forces of order.
Good morning Miles. ;-)
.. naaaa
Anarchists are simply anarchists, the ultimate maggots of social interaction. Necessary bell weathers of decay whose sole premise seems the never ending quest to identify infection [where their likeness with maggots ends] and inflict gangrene and blood poisoning upon their host in the symbiotic relationship. Their only leadership function to the whole of broad society.....
It's the dissidents that are getting vacuumed into the role of order keeper. The dissidents will simply do the job required by circumstance. This job order develops when anarchists have seized the reigns of coercive force implied with the collection of governing power within the body of broad social interaction and are about to kill the host. [Is this a natural part of a self corrective aspect of human societies as well as the biological body?]
Hello, so good to see you once more, most Brilliant Fem of my highest esteem
(*^_^*)
More wine?
http://www.youtube.com/watch?v=u3VxinNVdWI
Ugh. So much basic ignorance.
Three & 1/2 things:
#1 Maggots are good for wounds, as they eat up the decaying, putrifying dead flesh and prevent gangrene. Try Gladiator to explain it if you're adverse to books. Flies are pretty essential to ecology, however much you might dislike them or get sick if you're silly enough to leave dead animal out for them to spread germs on.
#1A Symbiotic relationships don't work like that. Symbiosis, by its very definition, is two species in a shared living context (usuaully in the same corpus, or bound together so tightly that their living space is shared). However, the term is a bit out of date: Commensuals is two species interacting with both gaining, mutualists are dependent, usually with only one side gaining, but neutral to the other species (or rather - both species gain, but one is fully dependent on the other. e.g. pollinated flowers specialised to insects where the insect can also gather nectar from other flowers, but the flower requires that species to breed). You're looking for parasitical relationships. Note that all three can be termed symbiosis, this isn't unchallenged however - there are those who still use symbiots to be the purely win-win variety.
#2 Parasites never kill the host species they intend to infest (they might weaken it & cause it to become predated, but that's an unforeseen side effect) - the issue arises when they inflict a tertiary species that they're not designed for; Internal predators are so rare to be virtually unknown, but do exist - there's a case for saying that certain 'parasites' that actually change a species' behaviour so they actively become vulnerable to the next chain species are predators, of a sort.
#3 Your last point is total fucking drivel, dressed up as faux intellectualism. The only few cases where actual anarchists have 'been in power' actually worked well. Communists and Fascists tend to kill them off however.
Don't hate on anarchists - the mature (non-Emo-young-male-could-as-well-be-a-goth-variety) version is largely harmless and tribble like.
ZH - where Communists are Socialists, Socialists always Communists and Anarchists are also Communists. Go 1950!
LOOOL
I clearly state that the maggot correlation ended with finding the rot.
I suggest you quest a bit more on symbiosis as my comment is rooted in biological fact of forms beyond those you express. Please read on to encounter the thrust of my observation if using The Google" is beyond your capacity....
http://users.rcn.com/jkimball.ma.ultranet/BiologyPages/S/Symbiosis.html
Parasites that establish chronic infections. Both parasite and host must
evolve to ensure the survival of both because if the parasite kills its
host before it can move on, it destroys its own meal ticket.
and
But when the nucleus from an uninfected cell was replaced with one from
an infected cell, the combination usually failed to survive.
I NEVER indicated that anarchists in power ever work for long for the reasons enunciated. The very thrust of my comment rooted in the previous observation and the broad collection of my writings.
I hardly hate anarchists as they are a necessary part of social interaction, if supremely destructive to self and society if left unchecked, as I stated.
Ever try actual cognitive approaches to reading and comprehension?
I suggest you change the bib. Your copious secretion of drool seems to have saturated it leading to the apparent inflammation displayed in your comment. Drool is a terrible thing to waste and makes a sorry load for any weapon, even if your choice of same is a squirt gun
Thanks for the recreation. Most enjoyable.
Be well!
http://www.youtube.com/watch?v=G2y8Sx4B2Sk&feature=related
...from Medieval Latin anarchia, from Greek anarkhia, from anarkhos without a ruler, from an- + arkh- leader, from arkhein to rule
Agreed, that's the root of the word. The root of the action is that an anarchist could not survive as an anarchist without a host. Therefore an anarchist is in constant quest for a host to feed its creation and sustenance. That is what rules an anarchist else they would not be since the concept of an anarchist in total isolation is an oxymoron. The exception being dormancy wherein the anarchist is simply waiting to begin the process anew with a fresh host.
duh
Welcome to life
You remind me of Milton Friedman
What kind of socialist, communist, anarchist or whatever do you think "ZH'ers", yourself included since you choose to participate here would always call him? Next you'll be lamenting "liberals" especially those "neo-liberal" liberals collectively as always being in the aforementioned preselected categories of blanket generalization you enunciate.
LOOOOOOOL
ZZZZzzzzzzzzzzzzzzz CLICK
http://www.youtube.com/watch?v=_WLt_DN7rlY
Had enough? Want more?
I suggest you get a new squirt gun
Reality is overrated...
Holy Macaroni!
god bless george orwell who forsaw the rapacious plundering of the plutocrats....the communist and terrorist ploys were charades to create permawar while the nazi experiment was to iron out kinks in totalitarian government now upon us.
amerika is in desperate need of regime change. what would be the result had putin declared that he would not be disappointed about the murder of barack obama just as clinton ordered for qadaffi? amerika is a murderous state.
amerika is governed by trogladyte barbarians....
Let's shoot the messenger, then everything will be fine!
My guess is that the next genious(desperate) suggestion from Brussels is: Confiscate gold and silver...
Oh, and by the way; EU Prepared To Set Up Own Rating Agency.