• Sprott Money
    05/26/2016 - 05:58
    How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something...

Frontrunning: September 26

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Mon, 09/26/2011 - 08:24 | 1710462 Moneyswirth
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Coming to an America near you:

Worried Greeks Fear Collapse of Middle Class Welfare State

Economists say the measures are necessary to bring down debt and modernize Greece’s economy. But the cuts have come far faster than the modernization, and the social fabric is starting to fray — if not tear. The unemployment rate, already at 16 percent, and emigration are increasing; the birth rate is dropping; and the rate of suicide is rising. The education minister recently apologized that public schools lack textbooks, and the country’s morale is flagging.

“The government is increasingly at war with the citizens,” said Jens Bastian, an economist at the Hellenic Foundation for European and Foreign Policy in Athens. “It is taking decisions whose consequences are not only squeezing the middle class, but threatening its very existence.”

Mon, 09/26/2011 - 08:45 | 1710507 SheepDog-One
SheepDog-One's picture

Yes, apparently we must all go bankrupt in order to support the 6 months paid vacations of Greeks, their 2 hour 'work days' and their 50 year retirement age.

Mon, 09/26/2011 - 09:00 | 1710548 falak pema
falak pema's picture

Wrong. We'll all go bankrupt to support those banking shills who want their pound of greek innocent flesh as well of all those other sheeple of Europe and around the world. Greek functionaries's payroll has no impact on the world. What their Oligarchical leaders did with banksta help does, based on mega-leverage for their private sector schemes through local banks. The huge leveraging of ponzi debt by Oligarchs all around the world is the cause. NOT the payroll of the greek sheeple. Learn to count.

Mon, 09/26/2011 - 14:05 | 1712045 covert
covert's picture

seems like the arabians conqueroring from within. this has been the trend of europe lately.



Mon, 09/26/2011 - 08:29 | 1710469 lolmao500
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Pak army defies US, will not attack Haqqani group: Report

ISLAMABAD: Pakistan's military will not take action against a militant group Washington blames for an attack against its embassy in Kabul, despite mounting American pressure to do so, a Pakistani newspaper reported on Monday.


Senator says "all options on table" on Pakistan

The United States will have to consider all options "including defending our troops" in confronting Pakistani support for militant networks fighting U.S. soldiers in the region, a senator said on Sunday.

"We need to put Pakistan on notice," Sen. Lindsey Graham, a Republican member of the Armed Services Committee said on "Fox News Sunday."

"It destabilizes Afghanistan. They're killing American soldiers. If they continue to embrace terrorism as part of their national strategy we're going to have to put all options on the table, including defending our troops."

Mon, 09/26/2011 - 08:41 | 1710499 SheepDog-One
SheepDog-One's picture

Well if Pakistani soldiers were here wandering the streets shooting people in the US, I'd be shooting back myself.

'Embrace terrorism as 'national strategy' Ooooo Im skeered again! Cant you start a war or something to stop these 'terrorists' that keep scaring me? Nevermind I cant name 1 US citizen who has been killed by a 'terrorist' in over a decade and even thats highly doubtful...come on start a war fellas its the American Way!

Skeery terrorists, skeeeeeeery!!

Mon, 09/26/2011 - 10:41 | 1711160 pupton
pupton's picture

How about we remove our troops from the damn crosshairs???  GTFO of that shithole and let the Taliban have it again, who gives a flying fuck?  It seems like Pakistan has not been our "ally" anyway, fuck 'em.  The only reason we give half a shit about them is their nukes.

(Explicit Language Advisory, bitchez!)

Mon, 09/26/2011 - 08:30 | 1710472 lolmao500
lolmao500's picture

Also :


Christine Lagarde: IMF may need billions in extra funding

Christine Lagarde has signalled that the International Monetary Fund (IMF) may have to tap its members – including Britain – for billions of pounds of extra funding to stem the European debt crisis.

The head of the IMF has warned that its $384bn (£248bn) war chest designed as an emergency bail-out fund is inadequate to deliver the scale of the support required by troubled states.

In a document distributed to the IMF steering committee at the weekend, Ms Lagarde said: "The fund's credibility, and hence effectiveness, rests on its perceived capacity to cope with worst-casescenarios. Our lending capacity of almost $400bn looks comfortable today, but pales in comparison with the potential financing needs of vulnerable countries and crisis bystanders."

Mon, 09/26/2011 - 08:34 | 1710475 fdisk
fdisk's picture

8:30 and so far GOLD/Silver holding, if price holds till after Market open,
we might move up this time.

Mon, 09/26/2011 - 08:38 | 1710496 Die Weiße Rose
Die Weiße Rose's picture

Everything we'd been told for the last decade turned out to be a lie.

Markets did not run themselves; creators of financial instruments were not infallible geniuses; and debts did not really need to be repaid – in fact, money itself was revealed to be a political instrument, trillions of dollars of which could be whisked in or out of existence overnight if governments or central banks required it. Even the Economist was running headlines like "Capitalism: Was it a Good Idea?"

It seemed the time had come to rethink everything: the very nature of markets, money, debt; to ask what an "economy" is actually for. This lasted perhaps two weeks. Then, in one of the most colossal failures of nerve in history, we all collectively clapped our hands over our ears and tried to put things back as close as possible to the way they'd been before.

Perhaps, it's not surprising. It's becoming increasingly obvious that the real priority of those running the world for the last few decades has not been creating a viable form of capitalism, but rather, convincing us all that the current form of capitalism is the only conceivable economic system, so its flaws are irrelevant.

As a result, we're all sitting around dumbfounded as the whole apparatus falls apart.


Mon, 09/26/2011 - 08:46 | 1710510 fdisk
fdisk's picture

Everything you've just post can be translated in 1 word:

CASINO. Where the house always have odds over the players.

Mon, 09/26/2011 - 08:52 | 1710527 SheepDog-One
SheepDog-One's picture

Its even worse than having 'stacked odds' in this casino...you could be holding a 4 Ace hand every time, and the dealer will always throw down 5 Aces.

Welcome back my friends, to the show that never ends!

We're so glad you could attend, come inside come inside! 

Mon, 09/26/2011 - 08:52 | 1710528 falak pema
falak pema's picture

feudal days are here again... We will all be singing this song... Long live my local baron. Does he have the right to nail my wife for dinner and then daughter for prima notte breakfast...?

I'll be sharpening my scythe. Thats the message from Athens for all of us.

Mon, 09/26/2011 - 09:32 | 1710735 lolmao500
lolmao500's picture



Due to operational difficulties the London Gold Exchange is permanently closed for business.

Thanks to all of our members.

London Gold Exchange
International Digital Currency Trader


Mon, 09/26/2011 - 09:34 | 1710736 Die Weiße Rose
Die Weiße Rose's picture

Famed gold bull John Paulson held his ground with his $4.6 billion stake in the large gold exchange-traded fund SPDR Gold Trust in the second quarter, according to 13-F filings with the U.S. Securities and Exchange Commission that provide the best insight into where hedge funds are placing their bets.

George Soros, who dumped almost his entire $800 million stake in bullion in the first quarter, further reduced his investment in SPDR Gold Trust by 13 percent to just over $6 million.


add the Fed, JPM and Goldman Sachs to the mix and the price of Gold could soon hit US $0.001/kg

with all these infallible geniuses betting on Gold, how can you possibly lose ?


Tue, 11/01/2011 - 04:48 | 1831023 karmete
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