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Game Over Berlusconi? Italian Anti-Crisis Bill Fails

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Wed, 11/02/2011 - 20:18 | 1839299 Long-John-Silver
Long-John-Silver's picture

The game is falling apart.

Wed, 11/02/2011 - 20:29 | 1839334 Arius
Arius's picture

I am not sure how to interpret this, Euro positive or negative .... but again, what do i know right?

Wed, 11/02/2011 - 20:35 | 1839362 LongBalls
LongBalls's picture

Short the living crap out of the Euro, banks, China, real estate, building materials, etc.... That's how you interpret it.

Wed, 11/02/2011 - 20:51 | 1839426 Mactheknife
Mactheknife's picture

Nailed it.  Been there, done that, got the t-shirt.

Wed, 11/02/2011 - 21:26 | 1839505 ratso
ratso's picture

The real money is in the T-shirts.

Wed, 11/02/2011 - 22:03 | 1839609 Melin
Melin's picture

Thank you Clifford.

Wed, 11/02/2011 - 22:28 | 1839678 redpill
redpill's picture

There once was a PM named Sil
He loved to party but not pay the bill
His new law won't pass
Upset, he searched for a lass
And found a young girl named Jill

Wed, 11/02/2011 - 22:50 | 1839733 Manthong
Manthong's picture

Nigel Farage for US President 2012.

If we can have a born British subject son of an alcoholic, vehicular homicidal Kenyan for president, we can have a respectable British subject M.E.P. for one as well.  

Thu, 11/03/2011 - 01:09 | 1839921 CrazyCooter
CrazyCooter's picture

EU Politicians seeking solutions ...

http://img.thesun.co.uk/multimedia/archive/01401/goat-682_1401089a.jpg

I mean, after all, if I keep going up the tree, there must be more fruit!

Regards,

Cooter

DISCLOSURE: Oh, fuck. This is the top. How the fuck do I get down ... and why do all those goats down there have rifles ... (cue Iran invasion) ...

Thu, 11/03/2011 - 02:54 | 1839981 Michael
Michael's picture

I should be in my glory right now. I'm working on it.

Thank you Greece, and love you too Iceland.

The 5% who own or control 80% of everything will no longer be able to suck 80% of the peoples productivity and products we produce for themselves with their failed monetary system ponzi scheme any more.

That 5% will just have to live on whatever savings they will have left after the great world wide default... or get a job.

 

Thu, 11/03/2011 - 03:29 | 1839990 Michael
Michael's picture

Looks like the Greeks have a little more testicular fortitude than we gave them credit for.

Let me be the first to apologize for a nation.

Thu, 11/03/2011 - 03:41 | 1839997 Michael
Michael's picture

My biggest concern this evening is the loud drumbeat to start a war with Iran.

Great Britain has said it would join the war if the US does.

Israel would begin the attack and the rest would join in.

The outcome I foresee is that the entire strip of land west of the West Bank will be exploded into the Mediterranean.

There, nobody gets anything now. Satisfied?

Thu, 11/03/2011 - 05:03 | 1840021 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

can't speak for the mood in the us at the moment, but over in blighty, if it was to be announced you'd have more social unrest than we've probably seen in 100 years

...so long false flag terror??

Wed, 11/02/2011 - 23:15 | 1839782 WonderDawg
WonderDawg's picture

Thanks, Cliff. Excellent. Love me some Nigel. If there were more like him, I might actually have some hope that we can turn things around. Unfortunately, I think we've gone off the cliff and are currently admiring the view.

Wed, 11/02/2011 - 20:56 | 1839436 homersimpson
homersimpson's picture

I show my support of your statement with a large helping of FAZ (despite the fact it got lit up today).

My t-shirt says "I own FAZ and the F stands for..."

Wed, 11/02/2011 - 22:04 | 1839612 Davalicious
Davalicious's picture

>My t-shirt says "I own FAZ and the F stands for..."

Are your counter parties going to be around in the event the-shit-hits-the-fan?

Gold bitchez!

Wed, 11/02/2011 - 21:34 | 1839528 Melin
Melin's picture

I'm not sure if the mechanics of this is even possible but if you're in EUO and the Euro goes to zero, you're cooked, no? 

Wed, 11/02/2011 - 22:19 | 1839646 J 457
J 457's picture

If only it was that easy, speaking for someone who went through October with short positions.  I'm still in and want my profit back. 

Wed, 11/02/2011 - 20:38 | 1839374 arkady
arkady's picture

It should be negative as this implies that at some point sooner or later European banks will be taking amssive losses on Italian debt.   There is really nothing positive that can come out of this.

 

Either there are haircuts and bailouts (postponed pain) or..

exiting of the euro and debts being entirely defaulted (immediate pain).

 

Europe thinks they can get something for nothing, but that is not possible.  They borrowed from the future to live in the present, the future is here and demanding to be paid.

Wed, 11/02/2011 - 21:26 | 1839504 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

They borrowed from the future to live in the present, the future is here and demanding to be paid.

Also known as the white trash dream.

Wed, 11/02/2011 - 21:36 | 1839538 jeff montanye
jeff montanye's picture

i tend to agree with the trash but the white seems too limiting.

or as i said to my dog tonight, your species is better than ours.

Thu, 11/03/2011 - 01:33 | 1839948 John_Coltrane
John_Coltrane's picture

Indeed, and ponder this,  dog is god spelled backwards.  Thus, I'm a confirmed doggist.

Wed, 11/02/2011 - 21:10 | 1839475 bobert
bobert's picture

Very positive in the long run.

A lot of risk in the mean time.

Wed, 11/02/2011 - 20:34 | 1839355 lairdwd
lairdwd's picture

Let's see how long those bitches can hold gold down with this.

Wed, 11/02/2011 - 20:46 | 1839401 paarsons
paarsons's picture

If Italy and Greece shit the bed, then what you'll have is pretty bad deflation.

Gold doesn't thrive in a deflationary period.  You'll end up losing money.

But what do I know?

http://fucklloydblankfein.blogspot.com

Wed, 11/02/2011 - 21:06 | 1839457 XitSam
XitSam's picture

Nope. I'll have the same amount of gold as before the deflation.

Wed, 11/02/2011 - 21:27 | 1839508 mynhair
mynhair's picture

If you don't play the paper, you have to work to buy more.

I hate 4 letter words, so fuk off.

Wed, 11/02/2011 - 21:34 | 1839529 WonderDawg
WonderDawg's picture

I'll have more because I'll keep some dry powder for when it really goes on sale and then load up before the hyperinflation element of this cycle kicks in.

Thu, 11/03/2011 - 07:25 | 1840101 Yellowhoard
Yellowhoard's picture

The 1930's were quite deflationary and gold did quite well. In fact, gold miners were the best performing stocks, by far, during those years.

Thu, 11/03/2011 - 05:05 | 1840024 theMAXILOPEZpsycho
theMAXILOPEZpsycho's picture

I call one more mini correction, and no gold $2000 for a while...

Gold 1500 and silver $28-30...I think we'll have another look at those prices

Wed, 11/02/2011 - 20:37 | 1839369 Buck Johnson
Buck Johnson's picture

It sure is, CNBC was talking alot about Italy and that Italy is whats important right now.  Berlusconi won't get anything passed that will make any major changes.  To be honest sooner or later they are just going to say see ya and kick the Greeks and Italy and whomever on the edges out and just hope for the best and protect their banks.  This is truly falling apart.

Wed, 11/02/2011 - 21:28 | 1839478 tom a taxpayer
tom a taxpayer's picture

Yep. It should soon dawn on the EU and the international banksters that they can not tolerate a Greek referendum. Period. 

Not in January. Not in December. Not in November.

Regardless of whether the Greeks vote Yes or No on the referendum, the precedent set by having a REFERENDUM will put a stake into the heart of the international bankster vampire.

If Greece sets a precedent by voting on the Faustian bargain, TPTB know the game is up, and the Genie is out of the bottle, 

As soon as the EU, IMF, and G-20 wake from their last hurrah in Cannes, they will realize the ONLY solution that serves their Masters of International Banksters, is to throw Greece out of the EU before the referendum. Same for Italy if Italy announces a referendum.

Yes, it will be bitter medicine, even for the banks, but the alternative of allowing referendums is sure death to EU and the banks.

 

Wed, 11/02/2011 - 22:30 | 1839640 The Limerick King
The Limerick King's picture

 

 

The Euro is falling apart

The US will soon play its part

The can's hit the wall

Our system will fall

A turd always follows a fart.

Wed, 11/02/2011 - 22:59 | 1839753 CompassionateFascist
CompassionateFascist's picture

Nonsense. "Here I sit all broken hearted, came to shit and merely farted."

Thu, 11/03/2011 - 01:13 | 1839924 Everyman
Everyman's picture

Signed copy of Bold Fressh for YOU!

Thu, 11/03/2011 - 05:01 | 1840020 whirlybird rules
whirlybird rules's picture

great!

 

Wed, 11/02/2011 - 21:12 | 1839483 topcallingtroll
topcallingtroll's picture

The Italians are no better than the greeks. Italy dropping out of the euro is virtually guaranteed. You cannot stop a spendthrift wirh threats. You have to cut off their access to credit.

Spain and Portugal, surprisingly, seem to at least be trying.

Wed, 11/02/2011 - 21:28 | 1839512 Mark123
Mark123's picture

 

There are good people in Spain, but sadly their system is completely corrupt.  I would imagine that when all this settles out there will be so much corruption uncovered it won't be funny.

 

Italy is just as corrupt from what I see, but they do have more of a balanced economy.  Spain went all in on the property bubble, so they have more pain a coming!

Thu, 11/03/2011 - 00:27 | 1839884 Seer
Seer's picture

The very nature of the system, and I'm talking about the Global System, IS corruption.  The corruption is of our sensibilities, it relies on us pretending that the world isn't finite.  If you fail on this point then all else is just made-up fantasy, and we know that fantasies are just that, fantasies.

Wed, 11/02/2011 - 21:34 | 1839527 mynhair
mynhair's picture

Trying to get it hard enuf to stick the tip in ....

Thu, 11/03/2011 - 06:37 | 1840063 itstippy
itstippy's picture

That's silly. 

Those of us following the action on the newswires or ZH for the past few months know that Greece has, at different times, received solid bailout commitments from Japan, China, the ECB, Brazil, Russia, Sudan, and Bangladesh.  Unnamed government officials from Dubai and Libya have also committed unlimited support from sovereign wealth funds, as has Prince Allaweed.  It's all been reported here on ZH as it was released on the major newswires. 

Greece has many, many funding options.  Italy would have the same.

Wed, 11/02/2011 - 20:50 | 1839418 MFL8240
MFL8240's picture

Yep and I hope it just keeps falling and along with it goes this Ponzi scheme.  Until this game ends there will never be a chance for a real recovery.

Thu, 11/03/2011 - 00:31 | 1839893 Seer
Seer's picture

I don't require any "hope," as it WILL come crashing down.  Simple math...

But, what is a "real recovery?"  Can you qualify what this would be?

Wed, 11/02/2011 - 21:02 | 1839449 The4thStooge
The4thStooge's picture

The fat lady is finally singing.

http://www.youtube.com/watch?v=gb7nwoQVkQE

Wed, 11/02/2011 - 21:12 | 1839485 bobert
bobert's picture

Seems to be the case.

Wed, 11/02/2011 - 21:47 | 1839567 mynhair
Thu, 11/03/2011 - 01:33 | 1839947 Dapper Dan
Dapper Dan's picture

The Indian fat lady is singing,

BANGALORE, Nov 3 (Reuters) - India's service sector contracted for a second straight month in October, as new business grew at its weakest pace since May 2009, a survey showed on Thursday, dragged by sagging global demand and tight monetary policy.

Thu, 11/03/2011 - 01:43 | 1839953 Dapper Dan
Dapper Dan's picture

Lying is the Global language.

By Takeshi Awaji and Aya Takada

(Updates with Mainichi report in fourth paragraph.)

Nov. 3 (Bloomberg) -- Tokyo Electric Power Co. said the No. 2 reactor at its destroyed Fukushima Dai-Ichi nuclear station isn’t in a critical state after the company detected signs of nuclear fission.

The discovery of xenon, announced yesterday, at the plant was caused by “natural” nuclear fission, Junichi Matsumoto, a general manager at the company known as Tepco, said today at a press briefing in Tokyo.

That's right it's Natural, let me put that in quotes "natural"  as in "It's natural  to have nuclear fission occur in your childs sand box"

happens all the time.

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