Football Legend Cristiano Ronaldo To Be Used As ECB Collateral
We were pretty much speechless when we read this - it sure puts guarantees by Noyer, Trichet and all the other bureaumonkeys that the ECB does not accept just any collateral in perspective. From Presseurop.eu: "The most expensive footballer in history may now be used to guarantee the solvency of a Spanish bank. “Ronaldo in the bailout fund,” headlines Süddeutsche Zeitung. The daily reports that the Bankia group of savings banks, which financed Real Madrid’s acquisition of the Portuguese player, is now seeking to borrow funds from the European Central Bank. In response to the ECB’s demand for guarantees, Bankio are putting up… Ronaldo and the Brazilian Kaka, who also plays for the Madrid football club. In 2009, Real borrowed 76.5 million euros to pay transfer fees of 100 millions euros to Manchester United, and 60 million to Milan AC."
“Could we see a situation in which the ECB seizes one of the players?“ wonders the Munich daily. “In theory, it is possible. Bankia would first have to become insolvent. Thereafter, Real would have to default on its loans, which are secured by advertising and television revenues. It goes without saying that Real Madrid is in debt to the tune of several million euros. However, in Spain football clubs have a history of obtaining publicly funded bailouts — just like the country’s banks.”
This is beyond even The Onion's (and even Zero Hedge's) level of sarcasm.
There is nothing that can be added to this insanity. Furthermore, the fact that the "collateral" most likely has a virulent case of Paris Hiltonitis which will infect all the other worthless collateral, likely leading to the latest and greatest reality TV show, only adds to the complete farce that the global ponzi scheme has now become.
h/t Stock Bitch
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slavestate
http://www.youtube.com/watch?v=ra9bprHxcqE
Egotistical athletes and egotistical bankers, at least there is no question as to who is the bigger fish anymore.
Meh. So what? Thanks to the 14th Amendment, the 16th Amendment, and the Social Security Act, any 14th Amendment US Citizen with an SS number has already been registered as collateral for the Federal debt. Yawn.
I saw Ronaldo live - cremate L.A. Galaxy two weeks ago - believe me, he's worth it - he's from a paralel dimension of super human Football Played With The Foot Players.
a Sliced & Diced Ronaldo ..there's nothing these banksters can't turn into debt money ...the Twilight Zone of banksters, life and indeed sport is now a digitalised moneygram for transfer to Big Bro central command at the ECB
No fuckin way. This HAS to be a joke. Really...please...Tell me this is a joke.
It's a joke.
Holy shit
Debt slavedom, bitchez.
A little bit OT, but hide your precious, bitchez, 'cause Ireland is setting the example of FDR Gold Confiscation Part Deux:
Jewels, Gold Bars Seized as Ireland Chases Debtors - BloombergAnd plain, old OT (even Israelis in Tel Aviv are bitching about The Bernank's monetary policies, bitchez):
interesting link TruthInSunshine:
social engineering.
Israel doesn't need to spend heavily on defence when most of the war costs are taken up by the USA.
when these "schools" that teach "working age males" are located in, say, Pakistan, they are referred to as a breeding ground for "terrorists" & subject to drone strikes.
who controls language, controls thought.
Reminds me of the word 'terrorist'. What the fuck does that even mean anymore??? It's the singularly most selectively applied word in modern day society.
Agreed.
Glen Greenwald has a good post on this.
http://www.salon.com/news/opinion/glenn_greenwald/2011/07/23/nyt/index.html
It's easy, a terraist is the opposite of a freedom fighter.
Osama Bin Ladin, 1983 - Freedom Fighter shooter of Russians
Osama Bin Ladin, 2001 - Terraist patsy
Both are usually CIA assets. (See al Qaeda Libya rebels.) It's sort of like the World Wrestling Federation.
/dup
Well, if Ronaldo needs to be seized as an asset, what are they going to do with him? Sell him to Bayern München?
US citizens taste for victimology forces them to depict the situation as odious to Ronaldo.
People calling that slavery or stuff... Typical US citizenism.
The entity who is to be complained is the entity that is forced to accept that shit as collateral. Nobody else.
Ronaldo is preserved: the entity will buy the contractual obligations to this football player and as he earns stuff like 10 millions or more euros per year. No big deal.
I cant even know how this stuff is going to happen. Football clubs have failed in the past and the sequence is known: liquidation of assets (so the transfer fee is very unlikely to match 80 millions euros) and when everything is liquidated, players'contracts are nullified and players are let free.
The story that an insolvent football club in an insolvent country that forks 80 millions euros to recruit a football player is the evidence of what people who are unfortunate to trade with the West have to expect when it comes to real wealth.
Nothing, not even peanuts.
I think this marks the tipping point of the Spanish bank crisis. Mark this day!
I think they should use his girlfriend Yrina as collateral as well,
I am sure these Goldman sach leaches that love Ukranian and Russian high end prostitutes would love it.
<img src="http://www.funnyandcool.com/wp-content/gallery/irina-shayk-appears-on-th...">
Tipping point was long ago.
Most cities and infrastructure have already been sold to creditors (oil rich Arab nations and Chi-pan).
Not only in spain, but all over the eurozone and the british isles too.
Many areas of Londinistan and other UK cities are now under sharia law as we speak:
http://www.dailymail.co.uk/news/article-2019547/Anjem-Choudary-Islamic-e...
I think they should use his girlfriend Yrina as collateral as well,
I am sure these Goldman sach leaches that love Ukranian and Russian high end prostitutes would love it.
<img src="http://www.funnyandcool.com/wp-content/gallery/irina-shayk-appears-on-th...">
I think they should use his girlfriend Yrina as collateral as well,
I am sure these Goldman sach leaches that love Ukranian and Russian high end prostitutes would love it.
<img src="http://www.funnyandcool.com/wp-content/gallery/irina-shayk-appears-on-th...">
I think they should use his girlfriend Yrina as collateral as well,
I am sure these Goldman sach leaches that love Ukranian and Russian high end prostitutes would love it.
<img src="http://www.funnyandcool.com/wp-content/gallery/irina-shayk-appears-on-th...">
I bet Roanldo loves this.
He is HOT, lol.
But in all seriousness, the United States(c) have and will in the future pledge its citizens as colateral.
It happened in the 1930s (when the US offically went bankrupt) and will be again via a raid on the 401ks.
You can bet Obama's team of lawyers have been working around the clock on this
Cue Vic Vinegar with strong compliment of the above post
LOL
Aye,
Where are you, Vic?
COOOL
Lets make a list of some assest there are
1. this must be Bernank ( he can print money after all)
2. Timmah
3. Boner
4. Reid
5. - 200. one lot of DEMS
200.-400 one lot of REPS
any left..
Obummer
that's all the national debt is... a pledge by the US federal government that, in the future, its productive citizens will acquiesce to sacrificing their quality of life to subsidize government warfare, welfare & counter-productive attempted do-gooding.
these promises are worthless not because your average American is not good on his or her word, but because the non dumbed down "real" American has too much character to put up with it.
Lets take that one step beyond.
If a person is unemployed when our economy goes belly-up (um...belly-up-er?) and thus non-productive, would that make that person a free man instead of a slave?
does the fictional character you mention have a socially insecure number assigned?
when this person lives in a community with an adequate enough black market to trade for all products he or she needs, and takes the initiative to engage in that trade by providing something of value (not just credit), then yes.
As a PERSON you already are collateral.
I'm delighted, as a long sufferin liverpool supporter I hope they kneecap the scumbag as soon as the default happens
[It happened in the 1930s (when the US offically went bankrupt) and will be again via a raid on the 401ks.]---baby_BLYTHE
I see from your recent posts you've been reviewing banking history. You go girl. And thank you.
GOOOOOAAAAAAAALLLLLLLLL
this is bullish for corner kicks
Indentured survatude.
They better have some key man insurance on the poor bastard. And some on his legs as well.
And an assassination clause...
Isn't that slavery or human traffiking?
I dont know how they can be putting up PEOPLE as collateral with a straight face. This is total insanity.
Short answer: technically, no.
ECB Collateral Rules
OK
Let's think this through for a moment.
What happens if the ECB's collateral is kidnapped and held for ransom?
Who/what then has a priority of claim on the collateral? The ECB or the kidnapper? Posession is 9/10s of the law, no?
Is there any diffenence between the priority of claims if the kidnapper is a terrorist organization (and thus an act of war) or a financial one (mafia like and thus crime)?
How will the difference be settled in courts that seem to think that terrorism is a criminal offense and thus should be redressed with therapy, counseling and psychotropic drugs?
Has an act of fraudulent conveyance been committed by the ECB?
Either with or without the extension of credit upon Faggatio?
When do we cease to take any of this shit seriously?
At least the collateral's market value isnt some BS like Greek bonds.
For the next 5 years at least lol.
"Stock Bitch", really? Glenn Beck said that Obama policies are The World Cup. Watch/listen.
http://www.youtube.com/watch?v=GPpxvOAVx5M
.
--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA
< ;(
Glenn Beck fanboy man knock that off, doesnt Glenn need some more Vaporub to generate fake tears for Israel?
?Leaked Video Glenn Beck uses Vicks to fake Crying.flv? - YouTube
Enough of the anti-Semitic vitriol from you already. In our training we have been taught how to easily identify you.
.
--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA
I am not a Beck fan. I have watched his show a couple of times. What turned me off was the religious overtones. That being said, it was a photo shoot. You have no idea what lengths photographers do to capture emotion (fake or otherwise) With his religious views, I don't doubt he has some emotional issues over Israel but emotions during a sterilized photo shoot setting might be a little difficult to achieve. I am sure considering his montra, a crying Beck image will be used for ther things as well. Keep things in perspective. If you don't like his views, or the man, just say it.
http://www.cbn.com/cbnnews/insideisrael/2011/May/Glen-Beck-Announces-Jer...
I don't like Glenn Beck or his views. There, I said it.
wait till they come for your family jewels
Are you talking about the yeast lords?
I think they are putting his CONTRACT up as collateral. Still really, really stupid, though.
As mentioned above, this is a leverage play on Irina Shayk. These bankers have never heard of Ronaldo. I bet they have never heard of soccer. But for a hot little Ruskie like Irina- who wouldn't buy and sell Euruope for her?
In other news..... The new model false flags are about as creative and innovative as GM cars (same "company")
"US Army soldier(!) was arrested ... motel room near Ft. Hood, Tejas, con materiales de "bomb-making" segun los Autoridades.
FBI said the mujahe, oops- soldier, who was AWOL, was being held on .... unrelated child pornagraphy charge."
Identified as Naser Jason Abdo, 21.
Is ZH working REAL laggy for anyone else? I dont have any problem with other sites but ZH is taking 20 seconds to load pages or comments?
me too yes absolutely
Thanks. Just wonderin.
echelon has a hard time keeping up with ZH posters.
AH, yes, I see now.
All the fancy upgrades. Lack of planning/change management/peer review. In computational linguistics: disambiguation.
Overall: C-
.
--You WILL Obey!
http://www.youtube.com/watch?v=dTOcAt44_QA
Bullish sign...
This is great news. We have a wealth of players to post as collateral when our time comes. Tom Brady. Albert Puljos. Kevin Durant. Who knew these guys would come in so handy?
I WANT 10 MILLION DOLLARS AND I USE... ..... .. BERNANKE AS COLLATERAL!
oh.... you have to OWN THE BITCH before you can do that?
I WANT 10 MILLION DOLLARS AND I USE MY DOG AS COLLATERAL!! THAT BITCH IS MINE!
Haha, just what I wanted to say. I wouldnt mind them taking all politicians as collateral. And as for me, I´d give them my old socks ;)
Gay Euro footballers bitchez!!!
Furthermore, the fact that the "collateral" most likely has a virulent case of Paris Hiltonitis which will infect all the other worthless collateral...
That's fking funny!! Do they need to dip their financial statements in penicilin or treat with piperonyl butoxide?
Doxycycline, just to be sure.
what a great name for the medicine - someone with a sense of humor
http://www.merriam-webster.com/dictionary/doxy
So err , wtf?
Hypothecation of Ronaldo! Bhahaha!
Good as gold!
You really mean "Good as Goaled"?
He's only collateral in Europe certainly, because try as they may no one gives a crap about soccer in the US.
"The only thing Americans care less about than the US men's soccer team losing is the US women's soccer team winning."
- Jon Stewart
Amen to that.
Was in the news here a couple of weeks ago. I do not know if this is a hoax, it smells like it, but on the other hand things are so completely f*cked up it just might be true.
The transfer fees for 'futbol' stars have gotten so out of control (see 38 million pounds for Aguero) that I kind of figured something like this had to be going on. Just another ponzi I suppose whereby the club is allowed to assign value on the club's books based on their own inflated transfer price paid.
Olympiakos, scary if that's the state of many of the big clubs
I could see putting up Ronaldo against the sovereign debt, but Kaka stinks!
Putting Kaka up for collateral would be a bit like putting whoever happens to be England's starting goalkeeper up for collateral against UK debt.
Sorry, Global, for the bad American pun. Kaka (Caca) is another baby term here for poopoo, merde, scheisse, shyte, doodoo, etc.
right over my head...Kaka actually has stunk the last 2 years it works both ways!
There is something very worrying about 12 half naked men playing with some leather.
11
Doesn't matter.......nobody gives a shit here.
not to mention the millions who just like to watch.
what would happen if i broke his kicking leg? he's probably locked up in a room, never to come out!
How do you say: Look Ma!....I'm bank collateral! in Portuguese?