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The Gathering Storm

Tyler Durden's picture





 

Via Mark J. Grant, author of Out of the Box,

“In old days there were angels who came and took men by the hand and led them away from the city of destruction. We see no white-winged angels now.”
 
              -George Elliot, Silas Marner
 
In the raging battle taking place in Europe between the haves and the have nots, the North and the South, those with money and those that are begging for it; there are moments when the calm sets in before the lightning strikes and the thunder booms. The silence is almost eerie and the air resonates with a certain kind of vibrant electricity that is somewhat reminiscent of Dickens and his Great Expectations which is what really seems to be driving the markets these days.
 
“Take nothing on its looks; take everything on evidence. There's no better rule.”
 
                -Charles Dickens, Great Expectations
 
I happen to be in St. Tropez at the moment and I find myself in a similar state; a land of dreams where everything is bigger, grander and worth more than can possibly be imagined or counted. It is not just the cost of things but some inherent belief that more and more and more is coming and it is without limit forever and for always and to the end of time. Let France meander, let Europe dissolve; the property values will increase without limit and the Champagne will flow at Les Caves du Roy and Chateau Petrus will be available at every small café and each barge sailing up the Mediterranean contains Beluga caviar of such copious quantity that to even discuss a shortage would be blasphemy and a sin against God and no one engaging in polite conversation ever mentions some secret hesitation that it may, one day, run out.
 
They are not long, the days of wine and roses:
 
Out of a misty dream
 
Our path emerges for a while, then closes
 
Within a dream.
 
                  -Ernest Dowson
 
It is no wonder then that so many in Europe cannot imagine any change of significance. It is almost culturally impossible and it would be such a striking blow to the shared consciousness that it would be the ultimate disaster of having to turn to the Queen and ask for cake; not even la gateau St. Tropez, but actual cake. Sacre Bleu!
 
In fact the more thoughtful here speak in hushed tones, wonder aloud but quietly, if the dream is not going to turn from angelic floating near the gates of Heaven and be forced down to some darker place. The questions come slowly, “What does Hell look like, when might we arrive there, how hot does it get and is one likely to meet the Devil himself?” After thirty-eight years in the financial markets I can report that have seen the rascal more than once, that he is not a pleasant being and that the heat can be far hotter than what is experienced on these fabled beaches of France. “Will Greece be saved or tossed back into the cauldron, will Frau Merkel pay the ultimate political price for either playing the Savior or refusing to do so, will Spain and Italy begin the trek down the road of good intentions to finally meet Dante who awaits them at the end of the path and will the noble lands of the Sacred Kingdom stand or be split asunder once again in this European Game of Empires?”
 
I sit, like some mental practitioner of the Martial Arts, and wait. The ship upon which we sail is about to get battered because it must now, I am afraid. We can tack left or we can tack right but we are about to sail into the belly of it. The consequences of saving Greece and the addition of $50 billion in shared debt to rescue her comes with consequences that will either loudly echo within the walls of Berlin or within the walls of Athens but this is a Trojan horse than cannot be avoided no matter what path is chosen. Spain is preparing to beg because she must and it is only a question of on which street she stands and which corner will produce a larger or smaller amount of benefactors. Italy is pondering a similar fate and while not down to her last mouthful of sautéed calamari the pot is running thin.
 
The easy choices are now behind us and the hard choices are in front of us and wild speculations hanging upon the syllables uttered by Mr. Draghi may bring disastrous results. In a very real sense Ms. Merkel is going to be hanged if she does and hanged if she doesn’t and it is quite difficult to find a safe place to stand when on the platform where the noose and executioner resides. The present situation has one certainty, one block of bedrock upon which you may plant your feet and that is that a storm is coming; of that you may be sure. It may be Hell to pay with Greece or Hell to pay in the governing chambers of Berlin or Hell to pay with the other troubled nations of Europe but the storm, the Hellions at the gates, will be arriving in the next thirty to sixty days because real choices must now be made and real consequences will leap like Cerberus from those choices.
 
“Hell isn't merely paved with good intentions; it is walled and roofed with them.”
 
                 -Aldous Huxley

 


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Wed, 08/22/2012 - 08:18 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

 

I don't think the heavy stuff is going to come down for quite a while.

http://www.youtube.com/watch?v=r95a3p8Os-w

 

 

Wed, 08/22/2012 - 08:29 | Link to Comment francis_sawyer
francis_sawyer's picture

Rat farts!

Wed, 08/22/2012 - 11:08 | Link to Comment Raymond K Hessel
Raymond K Hessel's picture

I thought I heard him say "Red Sox!"

Wed, 08/22/2012 - 08:39 | Link to Comment mtomato2
mtomato2's picture

Major bonus points for the obscure but most excellent reference.  +100

Wed, 08/22/2012 - 08:44 | Link to Comment francis_sawyer
francis_sawyer's picture

GetZeeGold was Mitch Cumstein's roommate in college... Until he got kicked out...

Wed, 08/22/2012 - 08:48 | Link to Comment GetZeeGold
GetZeeGold's picture

 

 

I was Mitch Cumstein's roommate....and all I got was this lousy teeshirt.

http://www.cafepress.com/mf/29372784/mitch-cumstein-white-tee_tshirt

Wed, 08/22/2012 - 09:10 | Link to Comment francis_sawyer
francis_sawyer's picture

lol ~ no night putting allowed

Wed, 08/22/2012 - 12:36 | Link to Comment PiratePawpaw
PiratePawpaw's picture

Not with the dean's daughter anyway.

Wed, 08/22/2012 - 08:40 | Link to Comment NeedleDickTheBu...
NeedleDickTheBugFucker's picture

Eureka!

Wed, 08/22/2012 - 08:50 | Link to Comment Gully Foyle
Gully Foyle's picture

Stark makes economic predictions and Townes clears it all up for us.

I'm waiting for one of these guys to gut a rabbit and predict from the entrails.

Eddard Stark: Winter is coming.

http://www.metrolyrics.com/cocaine-blues-lyrics-townes-van-zandt.html

They say it kills you, but they don't say when.

Wed, 08/22/2012 - 10:47 | Link to Comment dbomb12
dbomb12's picture

"CLASSIC"

Wed, 08/22/2012 - 08:15 | Link to Comment Temporalist
Temporalist's picture

I have a way out for the poor Eurozone countries: Buy AAPL.

Wed, 08/22/2012 - 08:16 | Link to Comment Temporalist
Temporalist's picture

An AAPL a day keeps the Von Rompuy away.

Wed, 08/22/2012 - 08:16 | Link to Comment lolmao500
lolmao500's picture

Good intentions : a police state could catch pedophiles and murderers... you're not for pedophiles and murderers are you? Obama ruling by executive power helps bills get passed because republicans won't let bills get passed... you're not against bills passing are you?? Government health care will bankrupt us without any real reform and you can't stay out of the system if you want to... you're not against children dying because they don't have money now are you?? We must bail the banks out otherwise everyone will lose their job... you want to keep your job right??? We need TSA otherwise all the terrorists are gonna blow up planes... you're not for more 9/11 right?? Etc... etc.. etc...

Good intentions don't pave the road to hell... MORONS WITH CIRCULAR LOGIC DO.

Wed, 08/22/2012 - 08:20 | Link to Comment tocointhephrase
tocointhephrase's picture

Men who use Internet chatrooms to "groom" young girls for sex were warned of lengthyjail terms as senior judges added 18 months to a three-year sentence

Stop Huntingdon Animal Cruelty activists get up to six years

 

FUCKING SCUM SYSTEM!


Wed, 08/22/2012 - 08:55 | Link to Comment Gully Foyle
Gully Foyle's picture

tocointhephrase

Dude, Franklin coverup, Asimov's sons nonconviction for kiddie porn, Pete Townshend given three days warning to remove kiddie porn from his pc, and the Sanduskie arrest are all part of the same global kiddie porn system.

Add in the quotes about Hollywood sex abuse of children, and we see a corruption at the core of the world.

Nobody will prosecute a crony who knows where the bodies are buried.


Wed, 08/22/2012 - 10:05 | Link to Comment tocointhephrase
tocointhephrase's picture

It's fucking satanic, I hope they all rot!

Wed, 08/22/2012 - 08:21 | Link to Comment bnbdnb
bnbdnb's picture

I've started asking people I know, how often they end up making decisions based in fear. Ironically, they all think they are lions.

Wed, 08/22/2012 - 08:57 | Link to Comment Gully Foyle
Gully Foyle's picture

bnbdnb

Then you must not spend too much time reading posts here.

Lot's of fearfull babble from the roaring Lions.

Wed, 08/22/2012 - 08:23 | Link to Comment PeterLemonJello
PeterLemonJello's picture

What the fuck are you talking about?  JUST KEEP RAMBLING

Wed, 08/22/2012 - 08:39 | Link to Comment Chief KnocAHoma
Chief KnocAHoma's picture

There is certainty on the horizon! The socialist nanny state is going to end... one way or the other.

Either we right the ship ourselves using logic and making hard choices, or our society will collapse into a free for all with races warring over the pig trough. The asphalt will crumble and you'll raise goats in the back yard. Of course you'll have to stay awake all night without cafine or air conditioning to protect your small heard from the wandering welfare savages, but at least you'll have protein.

Unfortunately, I don't think we or our current leader are mature enough to make the hard choices, so you'ld better get a head start and buy your heard while you can.

Have a nice day!

Wed, 08/22/2012 - 08:42 | Link to Comment mtomato2
mtomato2's picture

I sincerely hope you're not in "Hot"lanta when it does come down.  We got out.  Headed just north.  Still don't feel safe.

Wed, 08/22/2012 - 11:11 | Link to Comment Raymond K Hessel
Raymond K Hessel's picture

You're not...now that we all know where you live...

Thu, 08/23/2012 - 23:10 | Link to Comment mtomato2
mtomato2's picture

"Just" is a relative term, but most of your, LTER and MDB EXcluded, are welcome anyway...

Thu, 08/23/2012 - 23:11 | Link to Comment mtomato2
mtomato2's picture

Actually, MDB can come, for comic relief.

Wed, 08/22/2012 - 09:00 | Link to Comment Gully Foyle
Gully Foyle's picture

Chief KnocAHoma

Pumpkin, you understand that for the majority of human History the predominant political system has been an Aristocracy.

Here this should clear up a lot of the delusions you suffer.


FREE MARKET: That condition of society in which all economic transactions result from voluntary choice without coercion.

THE STATE: That institution which interferes with the Free Market through the direct exercise of coercion or the granting of privileges (backed by coercion).

TAX: That form of coercion or interference with the Free Market in which the State collects tribute (the tax), allowing it to hire armed forces to practice coercion in defense of privilege, and also to engage in such wars, adventures, experiments, “reforms”, etc., as it pleases, not at its own cost, but at the cost of “its” subjects.

PRIVILEGE: From the Latin privi , private, and lege , law. An advantage granted by the State and protected by its powers of coercion. A law for private benefit.

USURY: That form of privilege or interference with the Free Market in which one State-supported group monopolizes the coinage and thereby takes tribute (interest), direct or indirect, on all or most economic transactions.

LANDLORDISM: That form of privilege or interference with the Free Market in which one State-supported group “owns” the land and thereby takes tribute (rent) from those who live, work, or produce on the land.

TARRIFF: That form of privilege or interference with the Free Market in which commodities produced outside the State are not allowed to compete equally with those produced inside the State.

CAPITALISM: That organization of society, incorporating elements of tax, usury, landlordism, and tariff, which thus denies the Free Market while pretending to exemplify it.

CONSERVATISM: That school of capitalist philosophy which claims allegiance to the Free Market while actually supporting usury, landlordism, tariff, and sometimes taxation.

LIBERALISM: That school of capitalist philosophy which attempts to correct the injustices of capitalism by adding new laws to the existing laws. Each time conservatives pass a law creating privilege, liberals pass another law modifying privilege, leading conservatives to pass a more subtle law recreating privilege, etc., until “everything not forbidden is compulsory” and “everything not compulsory is forbidden”.

SOCIALISM: The attempted abolition of all privilege by restoring power entirely to the coercive agent behind privilege, the State, thereby converting capitalist oligarchy into Statist monopoly. Whitewashing a wall by painting it black.

ANARCHISM: That organization of society in which the Free Market operates freely, without taxes, usury, landlordism, tariffs, or other forms of coercion or privilege. “Right” anarchists predict that in the Free Market people would voluntarily choose to compete more often than to cooperate; “left” anarchists predict that in the Free Market people would voluntarily choose to cooperate more often than to compete.

Robert Shea and Robert Anton Wilson, The Illuminatus! Trilogy


Wed, 08/22/2012 - 09:21 | Link to Comment Chief KnocAHoma
Chief KnocAHoma's picture

Dude... get a job and drink some decaf.

Wed, 08/22/2012 - 09:30 | Link to Comment kridkrid
kridkrid's picture

I like the left vs. right anarchism definition. Thanks for posting that

Wed, 08/22/2012 - 11:13 | Link to Comment Raymond K Hessel
Raymond K Hessel's picture

Landlordism = Ownership of Property??? 

So owning property is evil? 

Sounds like communist bullshit to me.

Wed, 08/22/2012 - 11:27 | Link to Comment blindman
blindman's picture

well done.
Just a Little While to Stay Here-Crane River Jazz Band.wmv
http://www.youtube.com/watch?v=n51kDgmyROw&feature=related

Wed, 08/22/2012 - 13:27 | Link to Comment jmc8888
jmc8888's picture

Why? It was Wall Street that fucked us.  Their fraud.  Not welfare.  I've never seen 1400 trillion (as starters, in only one of the fraudulent categories) in welfare.  Because Wall Street wouldn't of stolen any more, and the system wouldn't of collapsed, if only there wasn't Welfare. 

Glass-Steagall (that's a real choice, and it's easy)

 

All this hard choices nonsense.  It means....if you accept it as a valid premise (which it isn't)....that you're ready to bend over and get stuck up the ass because you believe the choice....has to be hard.

 

You've already been conditioned.  What do the oligarchy, many of them green fanatics want? Collapse.  They want you to live 'sustainably' in commune like eco-hell...I mean eco-paradises.  But only some of us. So the collapse part is entirely what some of them want. 

 

Do what's right.  What's needed.  Not 'choices' because they are 'hard'.

 

Glass-Steagall (the lack of this allowed the economy to be destroyed.   more destroying than 100000000000000000000 people on welfare collecting benefits for 100 years all condensed to one year, every year since it's repeal...but some people can't appropriately rank things)  It's not the deficit...It's the fraud.  Which lead to the deficit.  Without tackling the fraud.  You cannot remove the deficit.  Just fuck people over.  All again, because Glass-Steagall removal allowed for this to happen, and the idiots, aren't pushing for it's reimplementation.  Because only that will save us, and it's easy.  We have elections coming up, and are people using that as a measuring stick for their candidates? Or whether or not they want to spend versus cut.  A wholly useless argument that doesn't in any way get to the crux of the matter. 

Every choice is hard, when all the ideas are flat out useless, stupid, and don't address the real problem.  The question is, why would making any of these stupid, useless, be made when they don't address the problem in any way?

Again Glass-Steagall, and not just for the U.S., but for Europe as well.  Our deposits only go poof without Glass-Steagall.  The need to print trillions (as part of the hyperinflationary theory) can't happen if our deposits are segregated.

Wed, 08/22/2012 - 08:21 | Link to Comment DOT
DOT's picture

I would take the changes a little beter if I was actually involved in these choices.

The choices will be made by others until they have failed.  Judgement includes choices............rope or lead?

Wed, 08/22/2012 - 08:21 | Link to Comment Neethgie
Neethgie's picture

Qu’ils mangent de la brioche

Wed, 08/22/2012 - 08:41 | Link to Comment Mercury
Mercury's picture

That's actually not an example of aristocratic insensitivity to the hungry poor but to small businessmen. And what's more French than that?

Because of the price controls that were in place at the time, French bakers were compelled by law to sell "cake" for the price of bread if they had no bread available to sell.

Wed, 08/22/2012 - 08:44 | Link to Comment AnAnonymous
AnAnonymous's picture

The French revolution, just like the US revolution, were classwarfare revolutions: the middle class taking on the upper class, using the lower class as a stepping stone.

Wed, 08/22/2012 - 09:04 | Link to Comment Mercury
Mercury's picture

…which is perhaps why the malignant system we have in place now -the top and bottom against the middle- is so effectively entrenched.

Wed, 08/22/2012 - 09:09 | Link to Comment magpie
magpie's picture

Yes, you have to watch how narratives change. Now the vampires are already the good guys, next the zombies...

Wed, 08/22/2012 - 09:02 | Link to Comment Gully Foyle
Gully Foyle's picture

AnAnonymous

Yah, about that US revolution. Wasn't that lead by Rich White Guys, WRG's, who just didn't want to pay their taxes anymore?


Wed, 08/22/2012 - 09:06 | Link to Comment Mercury
Mercury's picture

In large part and lucky for us, yes.

Wed, 08/22/2012 - 10:17 | Link to Comment TrumpXVI
TrumpXVI's picture

The rich white guys had to play a lot of catch-up.  The American Revolution started outside the urban areas.  Middle class farmers were the backbone of it.  They were tarring and feathering and running out of town on a rail the Kings tax collectors before the the rich guys got that heavily involved.

The colonies were prospering.  There was intense and lucrative trade all up and down the eastern seaboard; intra-colonial trade.  Incomes were rising for a growing middle class.  These were the folks who felt the most threatened by the King's tax policies.  And they were the first to act on their fears with violent reprisals against the Kings local representatives.

Wed, 08/22/2012 - 11:15 | Link to Comment Raymond K Hessel
Raymond K Hessel's picture

Racist.

Wed, 08/22/2012 - 08:22 | Link to Comment buzzsaw99
buzzsaw99's picture

pure prose and poor prose at that

Wed, 08/22/2012 - 08:48 | Link to Comment CrimsonAvenger
CrimsonAvenger's picture

But at least we've learned they have good shit to smoke in St. Tropez.

Wed, 08/22/2012 - 10:13 | Link to Comment DogSlime
DogSlime's picture

I quite enjoyed it - had a lovely apocalyptic tone to it :)

People shouldn't be overly anxious, though... The very worst that can happen is that we suffer terrible poverty as the economic system collapses and then die from starvation/mob violence/WWIII/execution by Police State.

Could be worse :P

Wed, 08/22/2012 - 12:43 | Link to Comment PiratePawpaw
PiratePawpaw's picture

Is that all? Whew! 

And here I was preparing for Zombie Apocolypse, this should be a piece of cake then.

Wed, 08/22/2012 - 08:23 | Link to Comment hugovanderbubble
hugovanderbubble's picture

Long TVIX

Wed, 08/22/2012 - 08:25 | Link to Comment youngman
youngman's picture

"Ms. Merkel is going to be hanged if she does and hanged if she doesn’t "......this is where a Politican becomes a statesman....if they have core beliefs...they have to look into their soul and to the right thing...yes it will be painful...but in the end..and that will be several years...the country...the people will all......key word is ALL....will be better off....

Wed, 08/22/2012 - 08:26 | Link to Comment hugovanderbubble
hugovanderbubble's picture

Germany and Austria will lose AAA rating

Wed, 08/22/2012 - 08:51 | Link to Comment yogibear
yogibear's picture

Getting the wheel barrels out of storage.

Wed, 08/22/2012 - 09:05 | Link to Comment magpie
magpie's picture

And right now i wonder if the (Chinese?) inventions of the wheelbarrow and paper money were contemporary...

Wed, 08/22/2012 - 09:06 | Link to Comment piliage
piliage's picture

The longer this goes on, the more I think Merkel will bend over and take the Greek treatment rather than push a default on her friends at Deutsche Bank or Commerzbank. Watch for her and the IMF (read US taxpayer) to be taken Greek style in a bit of jailhouse love. I'd really like to be proven wrong, but the fact is, the German politicians seem to be backing down from throwing the Greeks out of the Euro and might just pay the jizya instead.

 

 

Wed, 08/22/2012 - 08:25 | Link to Comment hugovanderbubble
hugovanderbubble's picture

Spain will be downgraded to junk by Moodys

Then Italy will suffer debt haircuts in bonds over 3 years

Wed, 08/22/2012 - 08:36 | Link to Comment Quinvarius
Quinvarius's picture

This is just first few rain drops of this storm.  Greece is puny compared to what is coming.  I can't believe they are still dragging this impossible situation out and killing the global economy instead of just printing or defaulting (which is still printing to cover bank losses).  Oh well.  By the time this catches up with Germany and the US, they will have a script ready...LOL...no they won't.

Wed, 08/22/2012 - 08:39 | Link to Comment LawsofPhysics
LawsofPhysics's picture

You assume that a script isn't being followed already.  Don't know if I would make that assumption.

Wed, 08/22/2012 - 08:41 | Link to Comment Quinvarius
Quinvarius's picture

They won't be making any sequels to this movie if this is the script.  Ed Wood wouldn't even touch this pile of garbage.

Wed, 08/22/2012 - 08:47 | Link to Comment Pumpkin
Pumpkin's picture

Wise words.  I am confident that if I was the only one that had $10-$20 trillion to throw around, I could choose the out come also.  

Wed, 08/22/2012 - 09:04 | Link to Comment Gully Foyle
Gully Foyle's picture

LawsofPhysics

The script is NOT being followed.

The Russians and Chinese are the impediment to Northern Eurocentric planning.

Here is an example

http://www.counterpunch.org/

August 21, 2012
A Strange Place The South Gathers in Tehran by VIJAY PRASHAD

Tomorrow, perhaps, the future.

– W. H. Auden.

Next week, representatives from one hundred and eighteen of the world’s one hundred and ninety two states will gather in Tehran, Iran for the 16th Non-Aligned Movement (NAM) summit. Created in 1961, the NAM was a crucial platform for the Third World Project (whose history I detail in The Darker Nations). It was formed to purge the majority of the world from the toxic Cold War and from the mal-development pushed by the World Bank. After two decades of useful institution-building, the NAM was suffocated by the enforced debt crisis of the 1980s. It has since gasped along. In the corners of the NAM meetings, delegates mutter about the arrogance of the North, particularly the US, whose track record over the past few decades has been pretty abysmal. Reagan’s dismissal of the problems of the South at the 1981 Cancún Summit on the North-South Dialogue still raises eyebrows, and Bush’s cowboy sensibility still earns a few chuckles. But apart from these cheap thrills, little of value comes out of the NAM. Until the last decade there have been few attempts to create an ideological and institutional alternative to neoliberalism or to unipolar imperialism.

With the arrival of the BRICS (Brazil, Russia, India, China, South Africa) in the past few years, the mood has lifted. The much more assertive presence of the BRICS inside the NAM and in the United Nations has raised hopes that US and European intransigence will no longer determine the destiny of the world. At the 14th NAM summit in Cuba (2006), the world seemed lighter. Chávez’s jokes went down well; Castro was greeted as a titan. This seemed like the old days, or at least Delhi in 1983.

NAM summits typically go by without fanfare. The Atlantic media rarely notices its presence. But this year, because the summit is to be held in Tehran, eyebrows have been raised. The US State Department’s Victoria Nuland hastened to condemn the location, “a strange place and an inappropriate place for this meeting…Our point is simply that Tehran, given its number of grave violations of international law and UN obligations, does not seem to be the appropriate place” for the NAM summit. The US government is particularly chafed that UN Secretary General Ban Ki-moon is making his pilgrimage to the NAM (the Secretary General has attended every NAM summit since 1961, when Dag Hammarskjöld left Belgrade to his death over African skies). Nuland notes that the US has expressed its “concern” to Ban. Israel’s Prime Minister Binyamin Netanyahu was plainer, “Mr. Secretary-General, your place is not in Tehran.”

Wed, 08/22/2012 - 08:41 | Link to Comment AnAnonymous
AnAnonymous's picture

Lets see what comes.

The French revolution was a ripple effect of the 'American' revolution.

Most french middle class showed an increase in opportunities with 'America' if they took independence and loaned to them during the war under various forms, like offering services before payments etc...

The 'Americans' defaulted and never paid on their debt, leaving the french middle class on their bums.

The french King himself was bled to death by 'Americans' who, while they did not repay any pound, also seized the French fleet to start their own 'American' fleet, something like 70 vessels which had to be rebuilt.

It is not so much toward the King that they should have sent their pleas but to the 'Americans' who robbed them blind.

'American' way from the beginning.

But as 'Americanism' is classwarfare, that the French revolution was a middle class revolution and that on the other side of the ocean, in the US, middle class was ruling, well, the King was the target.

This time, it is different, in the US, the middle class is still ruling but in France, there is no more King. Middle class is ruling.

A little bird tells me that you'd better not be lower class in France as the US consumption madness strikes once more.

Thu, 08/23/2012 - 01:47 | Link to Comment akak
akak's picture

 

The french King himself was bled to death by 'Americans' who, while they did not repay any pound, also seized the French fleet to start their own 'American' fleet, something like 70 vessels which had to be rebuilt.

Was all this before, or after, the 'Americans' (US Citizenism citizens) invaded Easter Island almost 200 years earlier via their magical lightning-powered time-traveling flying rickshaw of Ben Franklin inventionism and blobbed-up all the resources of Easter Island, leading to the documented deforestation and cannibalism that followed? 

You'll have to refresh my memory on the official timeline of these events --- my Chinese Citizenism history is a bit rusty.

Wed, 08/22/2012 - 08:42 | Link to Comment Bogdog
Bogdog's picture

I woke up in a good mood. And now you've gone and dashed it. 

Europe needs a high colonic.

Purge the bad debt.

Devalue.

Move on.

Like any good enema, there's a bit of pain in the beginning, but it's joyous in the afterglow.

Wed, 08/22/2012 - 10:16 | Link to Comment DogSlime
DogSlime's picture

Yep - when the going gets tough, shove a pipe up your arse.

Wed, 08/22/2012 - 08:43 | Link to Comment yrbmegr
yrbmegr's picture

Greece is exiting the euro as we speak.  The Greek economy is being rebooted from the ground up, using local "currencies".  They are making it up as they go, but the fact is that, whether anybody wants them to or not, Greeks are ditching the euro.  Now.

Wed, 08/22/2012 - 08:51 | Link to Comment yogibear
yogibear's picture

Only one choice for  the central banksters and their politcal puppets. Print and print and print and print, which they already annouced.

Wed, 08/22/2012 - 08:53 | Link to Comment SDS Trader
SDS Trader's picture

Why ZH posts such banal financial musings couched in such pompous language is beyond me.  I expect better from ZH.

Mr. Grant's prose reminds me of college undergrads who lace their papers with references and obscure methaphors that add nothing to their underlying thesis.  Intellectual "name dropping" is distracting and unimpressive.

Wed, 08/22/2012 - 09:04 | Link to Comment MiltonFriedmans...
MiltonFriedmansNightmare's picture

Agreed SDS, but I must admit I appreciate the Caddy Shack references.

Wed, 08/22/2012 - 09:00 | Link to Comment northerngirl
northerngirl's picture

Isn't this the same stuff we have been hearing about for at least two years?  Six to nine months ago it was all going to fall apart, and six to nine months before that, and on, and on , and on....

Wed, 08/22/2012 - 11:48 | Link to Comment viahj
viahj's picture

global unchartered waters.  we're open to your predictions, if you have some.

Wed, 08/22/2012 - 09:02 | Link to Comment pazmaker
pazmaker's picture

Mark G,

I like your style of writing, good piece!  Thanks!

Wed, 08/22/2012 - 09:08 | Link to Comment leaklover
leaklover's picture

Certainty: Governments will print as much money as they need to stay in business. Period.

Wed, 08/22/2012 - 09:17 | Link to Comment eddiebe
eddiebe's picture

Doom and gloom, doom and gloom. I'm so f ing sick of hearing and reading about it. The world is just about to end any second now. Blah blah blah. Did it end when bondholders had to take a haircut in Greece, did the whole derivative structure come crashing down? No. Did Fukishima cause the oceans to glow, no. Did the financial system crash in 2008, no, did the government topple in 2001, no......... 

Go about your business, do what you should be doing anyway. Live conservatively, step lightly, enjoy the day. The world will not end tomorrow, and if a storm hits, there will be an end to it.

Wed, 08/22/2012 - 09:32 | Link to Comment ClassicCommodity
ClassicCommodity's picture

I know right! The world is the best it's ever been, what the fuck are people worried about? Smell that sweet sweet air, sip that delicious warm nectar. Fuck yeah 2012 and onwards. Doom? Not here or anywhere la la la

Wed, 08/22/2012 - 13:20 | Link to Comment SheepDog-One
SheepDog-One's picture

America! FUCK YEA!!

Wed, 08/22/2012 - 13:58 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I hope this guy is eating Pacific tuna daily.  In fact, maybe he should take a trip to Toyko and lick the rooftops.  I heard the uranium and platonium are quite delicious.

Wed, 08/22/2012 - 09:40 | Link to Comment Peter Pan
Peter Pan's picture

Dear Eddiebe,

I understand your sentiment but you need to comprehend that the trap door has been sprung and the only reason why we are not dangling on the end of a rope is because the Bernankés and Draghis of this world are still lengthening the rope as we plunge. Sooner or later they will run out of rope (i.e. tricks) and we will all surely hang whether it is together or seperately.

Wed, 08/22/2012 - 09:53 | Link to Comment kridkrid
kridkrid's picture

Clearly. ANd anyone who can't see this, doesn't grasp the predicament. The system that the western world uses to facilitate our economic interactions will collapse and something will take its place. That part is simple. What the collapse looks like, who decides what is next, how the risk board gets redrawn, how the earth's finite resources get divided (I.e. taken)... This is what remains to be seen.

Wed, 08/22/2012 - 09:50 | Link to Comment pazmaker
pazmaker's picture

Your right about one thing....there will be end to it.  Nothing last forever.

Wed, 08/22/2012 - 09:27 | Link to Comment eddiebe
eddiebe's picture

Hey chief, been there done that, but thanks.

Wed, 08/22/2012 - 09:34 | Link to Comment ClassicCommodity
ClassicCommodity's picture

.

Wed, 08/22/2012 - 09:30 | Link to Comment Juan Wild
Juan Wild's picture

When you are in this fascinating world of finance just leave all thoughts of good angels aside. If you see any here, they are evil angels tricking you. Here, you are dancing with the devil. When you know this and your expectations of these MORONS doing the right thing (face it, do they EVER?????!!!)has been eliminated, you'll do fine. As much as I hate to say it, leave your emotions aside and trade like HAL would. Or Reuters 3000*

* "Enjoy a commanding view of the global real-time financial arena. Reuters 3000 Xtra combines news, information and insight with access to the global Thomson Reuters trading community." Sounds like hell to me.

Wed, 08/22/2012 - 09:42 | Link to Comment Todd Horlbeck
Todd Horlbeck's picture

Despite the market's belief, I don't see any way ou

Wed, 08/22/2012 - 10:19 | Link to Comment Remington IV
Remington IV's picture

buckle the seatbelts and pass the popcorn

Wed, 08/22/2012 - 10:23 | Link to Comment Datafox
Datafox's picture

Hey Tyler!

I truly enjoyed this article but not only for that someone is saying something that we all need to hear.  No.  I enjoyed it most because of the the creative imagery and thoughtful observations carefully constructed for reading enjoyment.  

"I sit, like some mental practitioner of the Martial Arts, and wait."

As I observe the movements of the American stock market I imagine the that market as in the same position complementing the same thoughts about many, many other situations that are at one time far removed and yet hand-in-hand with what ancilliary thoughts must be going through the I who is sitting, waiting, and perhaps contemplating the demise of the world as he knows it.  A deserted island at any time can be a blessing or a curse, a paradise or a prison, a baracade or an opportunity.

Thanks for the imagery.  Thanks for the post.

 

Wed, 08/22/2012 - 10:23 | Link to Comment eddiebe
eddiebe's picture

Peter Pan, thanks, and you are probably right, unfortunately. Still, there are soooo many things that can go wrong from macro to micro financially and politically and naturally that I sometime think it is a miracle that the whole show keeps going on, but it does. Of course being aware is crucial and being aware of what is happening in Europe is part of the matrix, but all this impending doom is really getting old and getting on my nerves. Is'nt it yours?

Wed, 08/22/2012 - 10:36 | Link to Comment The-Dirty-Scurd
The-Dirty-Scurd's picture

 "The present situation has one certainty, one block of bedrock upon which you may plant your feet and that is that a storm is coming; of that you may be sure."

It is staring us in the face all the time, day by day. The evidence all around and undeniable to those who choose to seek more than the few trees in the midst of the forrest. For all the deception, manipulation and lies(infiltration of all by spiritually corrupted people) there is still the bedrock or cornerstone to those who truly want it. It is important to see and understand that a certain man/woman built his house upon sand the wise man/woman builds upon rock. There is only one true foundation, one true saviour and one way to build that will last. So many lies and phonies out there, I know. Take the time while there still is.

Wed, 08/22/2012 - 10:39 | Link to Comment harrod
Wed, 08/22/2012 - 10:40 | Link to Comment Pa Kettle
Pa Kettle's picture

There are few things more soporific than an aspiring writer who has no idea how to construct an English sentence, who has not the faintest idea of what punctuation mark to use where, assaying to author "artsy" prose. (Spitoo!) Gawd-allmighty, what a snore.

Wed, 08/22/2012 - 10:57 | Link to Comment Bam_Man
Bam_Man's picture

And his French is awful to boot. (as in, "la gateau")

Wed, 08/22/2012 - 11:08 | Link to Comment Roger Knights
Roger Knights's picture

"The Gods of the copybook headings

In terror and slaughter return."

--Kipling

Wed, 08/22/2012 - 11:42 | Link to Comment shovelhead
shovelhead's picture

Mark sounds like he's been snorting the Bain de Soliel.

A for effort though. Hey, it's vacation.

Wed, 08/22/2012 - 12:32 | Link to Comment Grand Supercycle
Grand Supercycle's picture

Risk off sentiment ~ SPX 8 hour bearish chart warning continues and FTSE daily chart gives bearish warning.

Of course central bank intervention could burn more shorts and reverse this scenario...

http://www.zerohedge.com/news/2012-12-24/market-analysis

Wed, 08/22/2012 - 12:48 | Link to Comment OutLookingIn
OutLookingIn's picture

Why be so fearful of change?

The one and only constant in life is just that - change.

It will come. Good or bad. Doesn't matter, but it will come.

Acceptance is the key. Those that accept the change for what it is and adapt will survive.

Those that do not will expire. End of story. Prepare accordingly.

Wed, 08/22/2012 - 19:43 | Link to Comment silverisgold
silverisgold's picture

Winter is coming -- House of Stark

Thu, 08/23/2012 - 06:18 | Link to Comment el-greco
el-greco's picture

The writer wonders if the Europeans know when hell is arriving? Well, it HAS arrived, and Europe knows it. The class segment in St Tropez he refers to is not part of Europe; it can move elsewhere, and will indeed move as soon as it is asked to. For those who cannot move though, restrictions on capital particularly in Greece Italy and Spain are a reality and they do affect spending habits; they hurt the black market as the authorities hoped it might, but the measures being taken are also hurting the official market in a far more significant manner. The pits for Europe are right here and right now, so the writer might be better off focusing accross the pond now because being the owner of the reserve currency doesnt automatically give one a transit ticket out of hell.

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