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Go long rumor-mill.
Dammit! This rumor mill monkey hammering is hurting my head....
Any second we'll hear the "Tanks in the streets", financial-blitzkrieg argument.
"You must give up your national sovereignty RIGHT NOW because this is an EMERGENCY!!! THERE IS NO TIME TO DEBATE THIS!"
Let's hope cooler heads prevail -- Let the banker scum immolate themselves. This is not an emergency for everyone. Life will go on.
Watch the markets close unchanged or modestly up, with 5 minutes to go, from +3% earlier, all on the basis that the facts are JUST beginning to trump the propaganda.
Just wait until that process of factual realization accelerates, and the propaganda is discounted as soon as it's shat out.
I thought after the Greek 1 Year went over 100% we'd finally get some truth from the more sensible governments in the EU. Wow, was I wrong! They are intent and quite capable of keeping this circus going for longer than anyone suspects. As we tumble down the rabbit hole, the weird will become normal, and the really weird will become just weird. On and on... These are the times which future generations look back upon and ask how the fuck people could have been so stupid.
I'm no fan of the hitler era. However, I can certainly understand how the German folks elected him to power, sans internet.
Just so we all understand, the Greeks aren't paying. Make up any programs, rumors, whatever. The Greeks aren't paying
And here's a report from a greek local on how greeks are not paying, put here by me because the fed, geithner, and the eu crowd deserve imho a good pasting:
On the ground report from Greece by ManosSeptember 11, 2011
Today, after two years of screwing and pressing us, most households and businesses have stopped paying. Stopped paying taxes, utility bills, toll fees, or anything else related to the government.
Two hours ago, this same government announced a new property tax (added to the 2 previous ones). This one will be calculated on every and each household, business, cottage, or even a barn for animals. It will be 4 euros per square meter calculated immediately, to be paid by this December the latest.
Which property tax will also not ever be paid: bailing out unpayable debt with more debt, while tax revenues collapse, is an impending disaster hiding in plain sight, and I will not run out of popcorn waiting for the currency danse macabre and the credit, trade and commerce collapse to become unsuppressable headline news.
Apparently the property tax is to be collected via electricity meters - but the electrical unions have said they will refuse to collect it!
So I should go pro? Apologies to Hunter S.
.....and nobody is even slightly embarrassed by all the lying. Wouldn't it be refreshing if a reporter, or newspaper editor or any media persona was tarred and feathered and hauled off on a rail for telling lies. Oh well. Back to the Disney channel.
There are no such things as lies in a political world, as it implies something was said. Instead, if you look closely, you'll notice nothing but meaningless phrases which are used to make implications, which are then used within the mind of the listener to create the idea that the speaker actually said something.
But they didn't. It was all imagined.
Well, that's a relief! I thought I was losing my marbles -- turns out it was just typical Political doublespeak! :>D
Great post NotApplicable.
Yes the ECB will no doubt demand control over the bailed out ban... err.. countries fiscal and social policies. It is essential that the neccessary cuts and privatizations should only be made by those who can best determine value.
Perhaps it is time the Euro experiment should be ended. Kill the Euro and merge it with the US dollar.
Call it the Enduro?
Denominations like the old pound, shilling and pence;
24 Lieses make one Falsetto, 12 Falsettos manke 1 Enduro.1 Enduro plus one Falsetto is a Ainnal100 Ainnals is a DSBR (Dis Shit Be Real)1,000,000 DSBR's has initially been set equal to 1 gram of gold With The Promise to retain full convertibility without predetermined value at any point of time in the future as of yet to be recognized by the to be established (subsequent to formal approval by each and every EU and ECB member as well as Ms. Thaznotreel O'Fuckme of Cheapside, Cornwall) Euro Replacement Ainnal Temporary Blue Ribbon Study and Unlimited Debate Extended Dreary Meeting and Conference Group.
Post of the day
Everything Is Broken (R. L. Burnside) http://www.youtube.com/watch?v=jhKqqYuV9MU&feature=share
I have crisis fatigue....
go to Greece and cool your feet ;)
This has been a very long running horror movie. I am stuffed full of popcorn... But, I will throw on another batch and watch the markets. It has been a long strange trip waiting for the crack-up.
But it is coming. Got gold?
I'm watching all of season 1 of The Walking Dead right now, good reality show.
You should read the comic book, it prepares you for what will come very well. Pillaging, killing, hiding in jails to keep out "the others". I'd also recommend World War Z or Zombie Survival Guide, it'll tip you to the places you need to find when the world governments collapse
Ive read both of them as well.
Haha I just did the same with my roommate this weekend...
It got us talking about the coming systematic collapse that's coming (he's a Therapist and has no idea just how bad it really is), and I think he's starting to realize that a Walking Dead type scenario could actually happen (minus the zombies of course). But think about the episdoe with the Latin gang taking care of the elders.
For those not prepared, life will be a constant battle. I'll take bullion and guns right now, thank you very much
"he's a Therapist and has no idea just how bad it really is"
Awesome.Coulda been "he's a Keynesian has no idea how bad it really is", either.
This is the biggest charade of an equity Ponzi rally that I've ever witnessed (in such short an interval). EFSF is DOA. It's not going to happen.
If anyone thinks that the majority or even a plurality of Germans will cast votes to change the German Constitution, to support the PIIGS+France+UK bailout, which is legally what will be absolutely required for the EFSF, or any terrible derivative thereof, to be enacted, please go on record now.
Short the ever living shit out of this PIIG(S+France+UK) of a market rally.
The world is high and dry, and banks are busted, and the long knives are about to pulled out over in Europe.
After the crash, the financial 'experts' and talking heads on bubble-vision will all be proclaiming that "no one could have seen this coming," although it's literally handwriting on the wall.
As a final note, I love hearing how publicly traded corporations are sitting on 2 trillion USD in cash, as they also are sitting on 12 trillion USD in debt, presently.
But ETF sir,
if the EFSF x infinity won't work, then think man, think...they'll come up with another whopper to be followed by more ludicrous whopper...and Liesman will be there to "break" them all.
Credibility is in the saying, so they'll say anything as long as anyone will listen.
The carrot on the end of this stick is looking pretty mushy and rotten.
...and having a shriveled carrot is no fun...
My sentiments exactly. Got greedy and was waiting for a last ramp up into the close to stack my puts so my entry price was with the market at +200 instead of +300, but if we go up tomorrow I will double double down. No stress about it anymore. The game has gotten downright silly, more predictable than a Tyler Perry flick.
On those 300-400+ up days just load up on TZA, SKF and FAZ and wait...
I'm short as shit and long the USD (for a trade), but this idiocy is crazy-making. There is no technical, there is no fundamental, there is only Steve Liesman and assorted other shills to leak sewerage into the collective economic consciousness. There are many people spread out across the western world who are actively trying to screw the common man.
Would it be harsh to say that the damage they have caused deserves capital(ist) punishment?
Anyone else think reality is giving us a hint when the biggest rumormonger shill is named LIESman? I mean come on, that's too good for fiction!
Truth, I posted on another ZH story a little while ago that I believe the Germans will cave and vote for the plan. (i got a few junks too). I don't like it, I don't agree with it, I hope it doesn't pass, and I think it is a stupid idea; but I think they will eek out a yes vote. This is the ultimate can kick. The system is toast. This will be the final hail Mary before Europe goes down. (imho) Either way I think the vote will be close.
Question--assuming they do launch this plan, which seems to be more of a cyanide pill than a solution, where will the leverage come from? (Rhetorical, leading) Who is going to vountarily grab hold of the hot potato? That's right. Nobody. The "plan" is complete horseshit.
I agree with you...the plan is for shit. Since when has a bad plan EVER stopped TPTB from going ahead with it. I'll let you answer your own question by asking a question: who is "the lender" of last resort? The best thing that could possibly happen to Germany is for the entire plan to fall apart so that there is no need for a vote.
Dispense with the idea that the current system being saved is the TPTB end goal and much becomes clear. They want a new, more evil, less opaque and far more centralized system to rise like a phoenix from the ashes of the current one. Still blows my mind that folks don't see this as the final goal.
+++ Bring the Gold.
I was resisting posting just this until I'd read down the thread, and I'm surprised more don't point out the fact - end game is to cause the SHOCK to the system(s), in as many ways as possible, until the "voters" BEG to be saved from the resulting chaos by a GLOBAL governing FORCE. . .
everything will lead to THIS, and indeed, appears to be crumbling along quite nicely so far. . . one can "hope" voting in certain favourite leaders can "save" the system, or making scads of monies to "escape" it, or whatever the strategy is - but never doubt their stated goals.
Its far too scary for the average middle or lower tier rich person to imagine the level of betrayal that is taking place. I tend to see the following thinking played out again and again on ZH:
"But...but...but I've benefitted so much from the system and surely those that run the system always meant for me to benefit not to accrete personal power for themselves with my good fortune merely being a side effect! I especially reject any thesis that might include the thought that I am irrelevant to the elite's plans and in fact now obsolete in my place holder societal stabilizer role."
Bingo, they thought that they where on the elite or TPTB team. They thought that as long a they said the right things and looked the part, they would be okay, wrong. The elite looked at these useful idiots as just that useful idiots. If you can't have enough common sense to look after yourself in their mind, then you aren't a apex predator like the elite. Greece is needing another 63 billion euros to a totall of 172 billion euros in only 2 months. Now here's something that isn't being said, if they are burning through money as fast as they are, this bailout will only last (if agreed too) until possibly Feburary of next year. I don't even believe the 172 billion euros, it might be even more right now. Greece is a money pit that can't pay back any of the debt that they have. They are essentially at half a trillion euros in debt if this 172 billion goes through. And how is a country with a population of 11 million and change going to be able to have a tax base big enough to pay these debts. LA has a Metro population of 15 million and change and it would be like they oweing half a trillion dollars by themselves.
This is a suicide pact, but this time the suicide won't be averted it will happen.
Yep, very well said. Greece is just the tip of the iceberg too. The US, UK, Japan and PIS countries make Greece look like a pimple on the global debt problem's ass.
Btw, "apex predator" the perfect term I plan on stealing that Buck. Just very well said all the way through sad I can only give you +1.
Bring the Gold, I never said they were trying to save the system. I agree completely that they are trying to get us to the system you describe. So which is better for the oligarchy achieving that objective: 1) keep Greece a debt slave. 2) Have Greece default and wipe the slate clean.
There is more money and control in option #1. If I were the oligarchy I would want everyone to be a debt slave.
Even if the German public does indeed vote against such lunacy, WHO is counting the votes??
grain mills bitches... some of yuz will be stealing out of feed bins before it's all said and done
Long Lies man..
Greece isn't the only Euro country, oh hell, it isn't the only country in the world with "funding needs are much bigger than estimated just two months ago". We have our own dirty little secret with trillions in "off the books" funding needs. Nearly every country is lying in order to coverup just how bad things are in order to keep money coming in. And the Bitch bankers... they're doing the same. Let the house of cards fall.
They really need a rumor ETF, leveraged too.
Yes!Complete with a 2X, 3X, 5X, inverse 3X and inverse 5X, futuers and option all the preceeding not to mention futures on the options, all to be traded on the CRIMEX along with Vix, double Vix, inverse double VIX, options and futures and futures on options and options on the futures on the options of anyfuckingthing that Goldman's little heart desires.
Fitch downgraded gold yesterday because it is overvauled. LMAO.
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