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Friday Fun With Financial Fatalism
It seemed appropriate, given Europe is hitting the wall again in its vicious cycle of self-financed self-hypnotizing recovery-less recovery, to present the 'World Collapse Explained In 3 Minutes' that so mockingly relates the real state of absurdity we face in today's financial markets.
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Amazing it still seems up-to-date ... Australian comedians Clarke and Dawe, superb
Conservatives lead the series 3-2, Biel just made it interesting.
http://annoyanidiot.blogspot.com/
here's the transcript
http://www.abc.net.au/7.30/content/2010/s2905304.htm
wmp link
http://www.abc.net.au/reslib/201005/r570104_3512541.asx
Oldy but a goody!
Perfect Complement: http://www.southparkstudios.com/clips/222624/the-importance-of-saving-money
Here's another truly brilliant comedy Vid
http://www.youtube.com/watch?v=LO2eh6f5Go0
The money is borrowed from future....that's where they get the money.
Europeans have colonial imperialistic life styles (not much work, cultural arrogance, live in relative luxury), but decreasing colonial powers mean they are just using their children's credit card.
US at least uses their credit cards to buy guns and rob others.
Meanwhile slave owners in India, China, Brazil, and thugs in Russia thank capitalism for giving them legitimacy of their ill-gotten gains...or it is that American and European elites did not have legitamacy either?
"Capitalist": hey you can't tax me or take my money because I took $1 M business and grew it to make it $100M
Labor: Where did you get the startup capital?
American elite: my father or grandfather's trust fund and then I hired others to actually run it.
Russian Elite: I sort of just took over the government business as the prime protector when USSR fell.
Chinese Elite: Communist government gave me the post through politicial connections.
The money is not borrowed from the future, it's usurped from the value of the purchasing power in your pocket, now, and in the near future.
Hook Line and Sphincter ( ! )J
But Christine Lagarde says the IMF needs LESS money now...
http://rt.com/business/news/imf-lagarde-money-crisis-980/
"my father or grandfather's trust fund and then I hired others to actually run it."
Yeah, and where did THAT come from?
You take shots at Europe for their OLD money, but fail to delve back into US's past as well.
For those who are short on history lessons, it went like this:
-> <STRIKE "America" was FREE for the brave souls that struggled to come there... STRIKE> Resources were plundered on the American continent as the COLONIZERS (generally wealthier WHITE people) slaughtered indigenous natives
-> Plundered goods were SOLD to Europe in exchange for wealth that the Europeans stole elsewhere (MONEY LAUNDERING)
-> US government further steals land from natives and GIVES it to rich industrialists
-> Rich industrialists (and rich southern "gentlemen") amass LOTS of wealth and power, which enables them to set forth generational control over the US (1%-ers; same as it ever was, same as it ever was)
-> After a 150-year head-start, garnering lots of wealth from slave labor and theft of resources from underneath natives, the US govt announces that "blacks" are now "equal" (except no power, no money/wealth)
-> US backs global economy (military bought and paid for by the common laborers) so that its 1%-ers can continue to rule
Oh yea....and what tribe in Europe was there at the beginning of time....
Romans conquering Gauls and Saxons...Vikings conquering Saxons and Franks...Normans displacing Saxons....
All of Europe (and the rest of the world) was 1 tribe or group invading the land held by someone else, killing them and exploiting the resources....
You sound like the colonists in America were worse than what went on all over the world and is still going on.....
Get a grip -"""the US govt announces that "blacks" are now "equal" (except no power, no money/wealth)""" what about Barry Obama as prez of the so-called imperialists????
Sorry, dick-head, for POINTING out the FACTS of history: notice that you were UNABLE to dispute them.
And fuck off about Obama shit. I don't give a flying fuck about him. Again, you illiterate piece of shit- give ME 150 years head-start and I'll OWN you for eternity. It's about pious fucks like you who don't believe their shit stinks.
Loser!
Dude--chill.
For all of our sakes. .adslot-overlay {position: absolute; font-family: arial, sans-serif; background-color: rgba(0,0,0,0.65); border: 2px solid rgba(0,0,0,0.65); color: white !important; margin: 0; z-index: 2147483647; text-decoration: none; box-sizing: border-box; text-align: left;}.adslot-overlay-iframed {top: 0; left: 0; right: 0; bottom: 0;}.slotname {position: absolute; top: 0; left: 0; right: 0; font-size: 13px; font-weight: bold; padding: 3px 0 3px 6px; vertical-align: middle; background-color: rgba(0,0,0,0.45); text-overflow: ellipsis; white-space: nowrap; overflow: hidden;}.slotname span {text-align: left; text-decoration: none; text-transform: capitalize;}.revenue {position: absolute; bottom: 0; left: 0; right: 0; font-size: 11px; padding: 3px 0 3px 6px; vertial-align: middle; text-align: left; background-color: rgba(0,0,0,0.45); font-weight: bold; text-overflow: ellipsis; overflow: hidden; white-space: nowrap;}.revenue .name {color: #ccc;}.revenue .horizontal .metric {display: inline-block; padding-right: 1.5em;}.revenue .horizontal .name {padding-right: 0.5em;}.revenue .vertical .metric {display: block; line-height: 1.5em; margin-bottom: 0.5em;}.revenue .vertical .name, .revenue .vertical .value {display: block;}.revenue .square .metric, .revenue .button .metric {display: table-row;}.revenue .square .metric {line-height: 1.5em;}.revenue .square .name, .revenue .square .value, .revenue .button .value {display: table-cell;}.revenue .square .name {padding-right: 1.5em;}.revenue .button .name {display: block; margin-right: 0.5em; width: 1em; overflow: hidden; text-overflow: clip;}.revenue .button .name:first-letter {margin-right: 1.5em;}a.adslot-overlay:hover {border: 2px solid rgba(58,106,173,0.9);}a.adslot-overlay:hover .slotname {border-bottom: 1px solid rgba(81,132,210,0.9); background-color: rgba(58,106,173,0.9);}a.adslot-overlay:hover .revenue {border-top: 1px solid rgba(81,132,210,0.9); background-color: rgba(58,106,173,0.9);}div.adslot-overlay:hover {cursor: not-allowed; border: 2px solid rgba(64,64,64,0.9);}div.adslot-overlay:hover .slotname {border-bottom: 1px solid rgba(128,128,128,0.9); background-color: rgba(64,64,64,0.9);}div.adslot-overlay:hover .revenue {border-top: 1px solid rgba(128,128,128,0.9); background-color: rgba(64,64,64,0.9);} PS Tried 8 times to delete this. .adslot-overlay {position: absolute; font-family: arial, sans-serif; background-color: rgba(0,0,0,0.65); border: 2px solid rgba(0,0,0,0.65); color: white !important; margin: 0; z-index: 2147483647; text-decoration: none; box-sizing: border-box; text-align: left;}.adslot-overlay-iframed {top: 0; left: 0; right: 0; bottom: 0;}.slotname {position: absolute; top: 0; left: 0; right: 0; font-size: 13px; font-weight: bold; padding: 3px 0 3px 6px; vertical-align: middle; background-color: rgba(0,0,0,0.45); text-overflow: ellipsis; white-space: nowrap; overflow: hidden;}.slotname span {text-align: left; text-decoration: none; text-transform: capitalize;}.revenue {position: absolute; bottom: 0; left: 0; right: 0; font-size: 11px; padding: 3px 0 3px 6px; vertial-align: middle; text-align: left; background-color: rgba(0,0,0,0.45); font-weight: bold; text-overflow: ellipsis; overflow: hidden; white-space: nowrap;}.revenue .name {color: #ccc;}.revenue .horizontal .metric {display: inline-block; padding-right: 1.5em;}.revenue .horizontal .name {padding-right: 0.5em;}.revenue .vertical .metric {display: block; line-height: 1.5em; margin-bottom: 0.5em;}.revenue .vertical .name, .revenue .vertical .value {display: block;}.revenue .square .metric, .revenue .button .metric {display: table-row;}.revenue .square .metric {line-height: 1.5em;}.revenue .square .name, .revenue .square .value, .revenue .button .value {display: table-cell;}.revenue .square .name {padding-right: 1.5em;}.revenue .button .name {display: block; margin-right: 0.5em; width: 1em; overflow: hidden; text-overflow: clip;}.revenue .button .name:first-letter {margin-right: 1.5em;}a.adslot-overlay:hover {border: 2px solid rgba(58,106,173,0.9);}a.adslot-overlay:hover .slotname {border-bottom: 1px solid rgba(81,132,210,0.9); background-color: rgba(58,106,173,0.9);}a.adslot-overlay:hover .revenue {border-top: 1px solid rgba(81,132,210,0.9); background-color: rgba(58,106,173,0.9);}div.adslot-overlay:hover {cursor: not-allowed; border: 2px solid rgba(64,64,64,0.9);}div.adslot-overlay:hover .slotname {border-bottom: 1px solid rgba(128,128,128,0.9); background-color: rgba(64,64,64,0.9);}div.adslot-overlay:hover .revenue {border-top: 1px solid rgba(128,128,128,0.9); background-color: rgba(64,64,64,0.9);}Except for the 3rd paragraph where you state "a.adslot-overlay;hover .slotname {border-bottom: spxsolid rgba", I agree wholeheartedly. My concern is that more people will overlook this commentary only to recall it later, when it's too late!
I agree!
Present some facts first, and then they can be disputed. What you write is pure nonsense. Zinn much?
This was hysterical. Thank you for recommending!
Fucking impostor!
have you noticed that clonie seems to keep bankster hours?
either that or maybe she punched in on swing from spQQk-ville. again
with the tran'script', yet L0L!
let's all have a drink w/ clonie & tyler b/c he brought us 2 risk0ff days in one week, plus, it brings so many changes...
slewie
dont drop the soap near your clone (out of habit he will spread his wide)
the last one was a he; this one is a she; strapped, of course
Imitation of slewie is the highest form of inflammatory!
Isn't this the fake slewie?
Damn, Slewie, you're really into it!!
No, Who is not the first baseman. Who owes all the money.
Question is Who pays Mr. Hu? You pay now!
Mr Hu's an air warden now
"He goes round every night to make the black-out sure ?So if you've got a chink in your window, you'll have another one at your door."
http://www.youtube.com/watch?v=eP4VzIlBpX8H
A little bit of debt will solve all of this, you'll see!
As funny as this video is it is so right. Fact is it has only gotten much worse.
2.45
The reality is pathetic
Brilliant. It all makes sense now!!
I think this is finally the European collapse we have been waiting for. Not good, but inevitable. Next week is going to be quite interesting.
Too early. I'm shitting bricks though. I'm smack bang in the middle of it. Next week will indeed be interesting. What can the ECB come up with? Eurobonds? Doubt it. That'l have the Germans rioting on the streets and politicians running off to the constitutional court.
There will be a parade of EU officials and ECB officials sprinting for microphones to announce a brand new program where they lend money to banks who are not credit worthy, and the banks are expected to in turn make loans (buy bonds) of countries in Europe who are not credit worthy.
This will cause a temporary jump in the markets.
Which will all end when it becomes clear those banks took the ECB pseudo LTRO money and used it to buy US Treasuries.
Yep, that's right. Its amazing how, once again, the Germans will be the lynch pin to the future of Europe, albeit in the context of the EU and debt but nonetheless. I think this might be the week for things to explode, if not this week we are certainly close. I opened some short positions on Euro bonds and a couple Spainish banks. I don't think it will take more than Spain to force Germany into this position, Italy is just icing on the cake. The Merkozy team is done in a couple months once Hollande takes over. We'll get to see the nonsensical commitments from Italy, Greece and others to "bail out" Spain - too funny! This type of event (recognized Spainish crash) should provide enough contagion to bring down Japan as well. After that, I think we can guess what's coming.
I was thinking earlier today that we might be closer to the end than I thought, things could go completely crazy next week. Amazing times we are living in, huh?
I'll believe the European economy is on the brink of collapse when the distraction of bombing Iran starts, and not one second sooner.
touche
Reichstag fire II (or similar "terrorist" activities)
No. III maybe, we already had II in 2001...
You mean no more drama? No more plans of plans and then more summits?
The least dirty shirt in the laundry is Silver...beetchez.
Correct!
Abbott and Costello couldn't have put it better.
Although, this ain't no baseball game...
"Although, this ain't no baseball game..."
Seems arguable given that there seems to be more than a fair share of FOULS and STRIKES...
I have the solution.
The world creates a new country in the middle of the ocrean, we elect Obama as president.
Obama hires Ben Bernanke as Central Banker of "atlantis" and Atlantis prints 100,000,000,000,000,000,0000,000,000,000 Atlantian Dollars, which they then use to bail out every nation simultaniously.
Atlantis is then sunk, and since the creditor is now a dead entity, there is no obligation to pay back the funds.
Its really quite a brilliant solution ;)
Your welcome.
PS: O wait, they already did that.... its called the world bank / Imf.... a buidling in the middle of the ocean with zero money, no printing presses and no natural resources of any kind, but somehow a few dozen people on a floating imaginary island have the ability to bail out whatever country they want!
Sure the money is fake, and that the act of them lending the funny money is not an equitable exchange (debt enslavement to an entity that doesnt have any money to lend you in the first place)..... but hey...
It is indeed brilliant, but what about all those Atlantian Bondholders? And we must not forget to tax those faux Atlantian citizens, (gotta bleed them, imaginary or not) and what of the TBTF banks, I mean, you really think the Bank of StarGate Atlantis, which is TBTF, will not take down others? And what of the 1 Quadrillion in CDS that was instantly materialized by GS and the rest before Atlantis even rose to be??
we can have fictional bond holders, you know like another too big to fail bank, it can be owned and operated by the atlantian government.... this way the losses are socialized amongst the fictional tax payers. . . . kinda how the losses are socialized in america... and put onto fictional social security numbered persons, for example in America, each tax payer has an SSN , the "tax payer" is not a real person, its just a legal fiction, thats why your name is always in All-CAPS because its not really you.... its the dead entity/fictional you... you are operating a puppet.... and that puppet is your name in all CAPS.... look on your bank statements/cc bills/licesnes... etc... ALL CAPS its fake.
No one losses a thing.
Might just work ....
I believe there's a country just as you've discribed ripe for the picking. https://en.wikipedia.org/wiki/Principality_of_Sealand
A LONG time ago I hypothesized that the Fed was actually the entity that you're describing. The Fed will be like the Black Hole that swallows up everything (bad "assets") and then implodes. US can then say -Fed? huh? it's NOT the US govt, WE'RE (US govt) not responsible!
Yup, watched this a while back, still right on. Just the amounts are a little low, otherwise, perfect. :)
The information on Italy is NOT correct: the Republic of Italy does owe EUR1.9 trillion ie USD2.5 trillion and NOT just One Trillion as mentioned in the video....of course nobody mentions official data from Banca d'Italia - member of the ECB - that for 2010 quotes EUR8.5 trillion of Private Wealth in Italy - over 4 times the Public Debt....which is the reason why Italy will NOT need any bailout.
There used to be a lot of private wealth in Greece too. It left, just as the Italian and Spanish wealth is leaving now.
Extrapolate for us how this "private" wealth will be extricated from its rightful owners. Iron maiden, bamboo splinters or just good old 110v to the sack? Inquiring minds want to know what the screams from Italia are all about...
Gonzalo will tell you how it's usually done:
http://gonzalolira.blogspot.com/2012/04/will-there-be-corralito-in-spain...
Ah, Nessun Dorma...
http://www.youtube.com/watch?v=TOfC9LfR3PI&feature=related
But everything is a ok in the mighty us of a. Just keep buying sbux, hd, and aapl. Because $5 coffee, granite countertops and electronic toys for grown ups are god given rights in America. And all you have to do to pay for it is print
Love those guys' sense of humour ...brilliant
Iceland Forgives Mortgage Debt for the Population
http://www.infowars.com/iceland-forgives-mortgage-debt-for-the-populatio...
( Video with subtitles )
The banks are not forgiving anything and the govt are fully supporting the banks.
The reason why those mortage loans are being written off is that in the crash 2008 the ISK more than halfed against other currencys, leaving those who had mortages in foreign currency in deep trouble.
The banks attacked those people fiercly, all groups, car loans, house mortages, small and middle size businesses.
It was a feast for the vultures and hienas, fully supported by both previous and current govt.
Then someone who had a car loan in foreign currency decided to sue the bank, his argument was that his foreign currency loan was actually in Krona, as it was paid out in Krona, and according to law its not legal to index a loan to any foreign currency.
He won the case and set precedence for the rest of loans of this sort, forcing the banks to cough up 70,5 bn ISK so far and another 94,5 bn are due.
Some news about this in Icelandic http://mbl.is/vidskipti/frettir/2012/04/13/ahrif_domsins_eru_165_milljardar/
The banks did try to change this law before they started lending in "foreign currency" but failed, they decided to go ahead regardless, and it worked like a charm until this one guy stood up to them.
I believe the reason for this business twist was to rid the banks of currency risk because of their own massive loans in foreign currency, they could transfer this risk to the people this way and when the whole thing would go tits up they could rip off those same people, making a handsome profit.
lol since the war! so european
but these two guys are Australians
The Austerity that was inacted to get the EU bailouts approved is going to be the Demise of the plan. People making less money and having a grimmer future only means less spending and lower GDP. Essentially the money used to prop up the EU PONZI will simply evaporate just to cover the loss in these Countries revenues. Kyle Bass pointed this out 6 months ago and nobody seems to get it. It's not going to work, it will pay the minimum balance on the credit card only, yet the balance of the debt is going to increase... In other words no matter how much they steal from their people, these countries are simply toast!
Oh they get it. In private off-shore bank accounts in exchange for keeping their mouth shut.
Honestly, it doesn't take a genius to see the impossibility of solving a debt problem by increasing it. But it does take a criminal to not see it.
This one is a classic, Bird and Fortune about subprime lending.
http://www.youtube.com/watch?v=mzJmTCYmo9g
Here's a very good article found on Jesse's Cafe Americain
For Capitalism to Survive, Crime Must Not Pay
http://www.nextnewdeal.net/capitalism-survive-crime-must-not-pay
I thought Obama was the next new deal. I noticed some of the sites contributors are on the advisory board of Soro's institute of New economic thinking.
"....and why is the U.S. dollar stronger? Well, that's because the Europeans buying it do not fully understand how fucked up we also happen to be."
Still funny after all these years. Been around the world with it...
Its still the best comment ever on the Urine and the EU. Superb!!
i never will tire of watching this. they are the only ones to succinctly explain the euro problem since the beginning including the conclusion that there is no way out......except to print trillions of fiat to make everyone feel better for the time being until they can't make everyone feel better any longer.
We have a dollar-international-monetary-system and the internal problems of Europe is only a sympthon of this system. Externally Europe is fine. Our destiantion is Freegold and it solves both the Trifffin dilema and the European mess. When gold is set free it´s flow will correct these internal problems. In a decifit zone gold will exit and in a surplus zone it will be accumalated. This will be both the spur and brake that is needed.
This will perhaps be brought forwad by political choice but will eventually happen by natural evolution. Gold, go get you some :)
As long as Freegold depends upon any flavor of fiat as "spending money" while gold is "saving money" all you can do is to slow down the rate of inflation (the ole "Euro can't hyperinflate because it's marked to gold" argument).
In other words, it's just a slower system of theft.
Wasn't the Euro supposed to replace the $Dollar?
How's that coming?
The problem with the euro is that it is in fact the Deutsche Mark .
A solution to the problem europe is having could be to kick Germany out of the euro, as all the euro countries except Germany are PIIGS, all those countries are bankrupt or i serious trouble, France is a pig with lipstic.
If Germany would be kicked out, the euro would fall in value to a level that would suit better for struggling economies.
To me Germany is the axis the whole thing revolves around.
Its like watching a brand new BMW ports car pulling into a gas station, 12 cyleders firing on supreme DM, then someone ties a old raggy looking Celtic tiger to the rear bumper, a sleepy donky, a pig with lipstic and a few other animals.
When the BMW takes off into the Autobahn the animals run as fast as they can, for a little while but we can all guess how this ends.
The question is how long can Germany drag the corpses until the BMW runs out of gas.
Germany and Japan... both prototypes constructed by the US puppet-masters (post WII).
And what is the common failure with Germany, Japan AND the US? They've ALL reached the pinnacle of unsustainability. That others aren't as "fast," well, perhaps one day that will look a bit less of a problem then you might think...
Here is some more Friday humor.
Muppets are NYC's new family-friendly ambassadors Kermit, Miss Piggy and co. will help promote NYC's family-friendly destinationshttp://finance.yahoo.com/news/muppets-nycs-family-friendly-ambassadors-1...
Yes, and M. Bloomberg completely fails to see the irony in this.
aussie monty python, friggin awesome!
Bloody Outstanding isn't it.
Bloody Outstanding isn't it.
Still the funniest video on the financial crisis, although it's now almost 2 years old!
Why not just write off all the debt owed to China?
Just say...we're not paying you. Seeya! What are they going to do?
This may be late in the evening but has anyone considered tracking Blythe Master's investmest access. For hackers, probably hard to find the physical silver she has warehoused, but if she has any virtual, techies, help a brother out and share the data
That's an old one at this stage...........
lol
This clip should be made into a movie, then called "Fin Fatale"
The Big Picture Wile E. Coyote Equity Top.
http://www.zerohedge.com/news/2012-12-24/market-analysis
Prepare for a substantial USD rally.