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German Economy Minister: "Greek Default Can't Be Ruled Out" And "We Need A Bankruptcy Procedure For Countries"

Tyler Durden's picture




 

Greece may not file for bankruptcy this weekend... But its time is coming - it is a 100% certainty. And throwing just that little more fuel into the fire is Germany's Economy Minister Philipp Roesler who in an op-ed posted in Die Welt, is once again planting the seeds for the inevitable day when that perpetual transgressor Greece (which just announced yet more tax hikes, and as a result can now shut down its economy as the tsunami of 24 hour strike will be unprecedented) is finally kicked out of the union. The question then, as now, will be: what next?

From Bloomberg:

An “orderly insolvency” for Greece must not be ruled out for the sake of stabilizing the euro, Die Welt reported, citing German Economy Minister Philipp Roesler.

 

“To stabilize the euro there must be no taboos,” the newspaper quoted Roesler as saying in an article to be published in tomorrow’s edition. “If need be, that also includes an orderly insolvency of Greece, provided the instruments needed for that are available.”

And the full Roesler op-ed, Google translated:

Europe needs a bankruptcy procedure for countries

Instead communitising government debt, private creditors have become more involved. We also need the possibility of an orderly bankruptcy States.

The idea of ??a common currency for Europe was and remains both necessary and right. We Germans have benefited from the advantages of the common currency area - with more growth, more jobs, more stability. The euro has advanced the integration of Europe as a whole and depth far beyond economic issues also.

Without doubt we are currently facing difficult challenges. In countries like Greece , there is still insufficient consolidation efforts. The people's trust and undermined market in our common currency. The Greek government must know that we will make the planned aid dependent, that Greece committed itself reformed. Basically, in order to stabilize the euro, it must also give no thought control more quickly. Necessary to also include a secondary insolvency of Greece, when the necessary instruments are available.

Europe does not grow by centralized bodies diversity

In addition, however, the rules must also be determined for our new common currency permanently. Important stability instruments of the early years, about the rules of the Maastricht debt criteria, were soaked to red-green government irresponsible times. Lasting solutions can only succeed if we stabilize the euro at this central point. The short-term measures necessary for euro rescue EFSF and ESM stabilization mechanism are therefore only a first step. They do not replace a long-term goal of integration, can be based on the lasting confidence in the euro. The crucial question is: How can this be achieved in more integration?

Many - far into the Christian democratic camp - answer this question by placing a striking faith toward a centralized European planning and control of the day. Anyone who thinks only of new institutions like a European economic government, writes the mistakes of the past continue. Europe is growing together not by centralized bodies diversity, but by shared beliefs.

Europe needs a stable code

We need a consensus on values, on the long term, building up a European economic and financial condition. Europe must establish a policy foundation of values, are stable to withstand storms and be able to. This includes not only the goal of stability in the price level, but also competitiveness and fiscal soundness. The roots of the culture of stability in the Member States and in perspective in an economic and financial condition essential.

I'm for a Europe of democracy and subsidiarity, and against a Europe from above. Spain has these days with the anchoring of a debt brake shown that progress can be self-responsible. Each Member State is invited to go down this path. Europe needs a stable code of the Member States must set an example in their national regulations and their own economic and financial policy. This can arise democratically legitimized fixed rules and sanction mechanisms.

We need binding sanctions proceedings

On the way to the stability of the Union plays a crucial role in market pressures. Interest rate differentials on government bonds, promote fiscal discipline. In particular, there can be no Euro-bonds and hence no pooling of sovereign debt. We need binding sanctions proceedings. Wherever possible, to a system of automatic sanctions be established to avert the danger of political dilution. For violations, it must be hard constraints, such as a conditional approval for the disbursement of EU funds from Structural Funds. For continuing violations may also be necessary, a temporary withdrawal of voting rights in the EU Council of Ministers no longer taboo.

We also need the possibility of an orderly bankruptcy States. Tellingly, the term "Resolvenz" is. Because the goal of this process is to restore the functioning of the State concerned, possibly by the temporary limitation of sovereignty. The Resolvenzverfahren should be conducted by an independent body, such as a continuously developed stabilization mechanism (ESM), the act would then be comparable with the International Monetary Fund.

Important elements are objective rules for the determination of debt sustainability, a clear recovery prospects for the economy affected by the restructuring program and for example, automatic term extension of government debt. Also, a substantial involvement of private creditors is one of them. The path to a Staatenresolvenz is only the last step, but it must be determined in advance credible. Europe is at a crossroads. It is now important, a constricting centralism a Europe of people who oppose the values ??and rules. A Europe of economic rationality. This is our future.

The author is the Federal Minister of Economics and Chairman of the FDP.

 

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Sun, 09/11/2011 - 12:37 | 1656403 slewie the pi-rat
slewie the pi-rat's picture

LOL!!!

Sun, 09/11/2011 - 12:43 | 1656427 Construct
Construct's picture

Indeed what a joke. What is the interest rate on 1yr's? 100%? They already defaulted.

Sun, 09/11/2011 - 13:09 | 1656530 EscapeKey
EscapeKey's picture

...and I thought some episodes of Lost were drawn out, but this "Greece Defaults" show is by far the most ludicriously drawn out affair, despite the inevitable conclusion being obvious to anyone who's paid more than 5 minutes of casual interest.

Sun, 09/11/2011 - 13:16 | 1656552 Construct
Construct's picture

 

capitalism without default is impossible. we desperately need to get back to something that resembles capitalism.
Sun, 09/11/2011 - 14:20 | 1656766 Hot Apple Pie
Hot Apple Pie's picture

Thanks for putting it that way. I always thought in terms of moral hazard, but not everyone understood when I'd try to explain. The notion that "Capitalism requires default as one of the outcomes" is very succinct.

Sun, 09/11/2011 - 14:36 | 1656814 Construct
Construct's picture

Thank you mr hot apple pie.

Sun, 09/11/2011 - 15:13 | 1656930 Spirit Of Truth
Spirit Of Truth's picture

Please don't use potentially upsetting terms like "default" or "bankruptcy" anymore. The new nomenclature is "orderly insolvency".

Thank you.

-EU

Sun, 09/11/2011 - 15:30 | 1656978 Construct
Construct's picture

Oh right I am sorry dear Europe. Please don't retribute by: Making me lose my job. Stalking me on the streets. Contacting family, friends, neighbors and tell them I am a terrorist. I was just talking about general economic theory that was understood even during Adam Smith's era. Thats all.

Sun, 09/11/2011 - 15:32 | 1656989 wisefool
wisefool's picture

Sarc: Add Adam Smith to Construct's list of freinds on the shadow facebook. It uses the same technology as the one that gives you sweet coupons for cool stuff.

Sun, 09/11/2011 - 15:47 | 1657031 Construct
Construct's picture

hehe

Sun, 09/11/2011 - 20:49 | 1658098 TheFourthStooge-ing
TheFourthStooge-ing's picture

hehe

You're not laughing during the carefully orchestrated official nineeleven-01 tenth anniversary holiday/media event/somber celebration/marketing angle, are you? That sounds suspiciously terra-like, if not on the threshold of terrism itself.

Please register at the Fatherland Security office in your precinct.

 

Sun, 09/11/2011 - 13:17 | 1656555 Hephasteus
Hephasteus's picture

"...and I thought some episodes of Lost were drawn out, but this "Greece Defaults" show is by far the most ludicriously drawn out affair,"

You have to enter the bank codes in every 24 hours or the island explodes.

Sun, 09/11/2011 - 13:41 | 1656622 LowProfile
LowProfile's picture

You mean every 108 minutes, soon to be every minute on the minute.

Sun, 09/11/2011 - 14:10 | 1656723 Spaceman Spiff
Spaceman Spiff's picture

Steve Liesman will probably be the smoke monster.

Sun, 09/11/2011 - 14:18 | 1656758 wisefool
wisefool's picture

Would that make Santelli the "Echo" character? "I am not afraid of you (ivory tower keynseanism)"

"You should be"

Sun, 09/11/2011 - 20:50 | 1658100 TheFourthStooge-ing
TheFourthStooge-ing's picture

Greece did it for the lulz.

 

Sun, 09/11/2011 - 15:19 | 1656944 asteroids
asteroids's picture

OPA! The party is just getting started! Greeks may be lazy, but they aren't stupid. Consider that they have taken all the billions offered them and would take MORE today if offered. Eventually, the math catches up with them. Take note of that lessone everyone. In the mean time the tavern is open late and the ouzo is fine.

Sun, 09/11/2011 - 16:53 | 1657227 sambro
sambro's picture

Money is not the object here.

"LIMITATION OF SOVEREIGNTY"

got it?

Greece should hurry up and default then exit the "limitation of sovereignty" trap.

Sun, 09/11/2011 - 13:05 | 1656515 Waffen
Waffen's picture

~Sigh~ So Greece fixed again?

Sun, 09/11/2011 - 13:48 | 1656631 knukles
knukles's picture

Me too, Slewie.
Now here's what an orderly default entails:
Greece doesn't pay on principal or interest when due.
Nobody but the politicians act surprised.
Everybody ignores the politicians.
Everybody else just goes about their business as normal.
Until further notice, the Euro remains the currency of Greece.
Internationally, fear abounds; flight to quality.
US dollar, non-US dollars rally.
Treasuries rally.
Gold and silver rally.
Stocks get throttled.
The banks have Major Big Time Shitfit Conniptions about marking to market.
The regulators tell them they can hold at book until sold or default worked out.
Fed and ECB stuff infinite amounts of reserves in system.
Some banks get runs, fold.
Can kicked.
Another day, another dollar.

Blame machine works overtime attempting to tag everything and everybody other than the real culprits that caused this Shit Eating Festival of Mankind, the politicians.  (For the central banks come under their purview....)

Q: Difference between orderly and disorderly bankruptcy/default?
A:  Amount of screaming and yelling.

 

Sun, 09/11/2011 - 21:24 | 1658168 TheFourthStooge-ing
TheFourthStooge-ing's picture

This sounds more plausible than anything put forth by the usual cohort of "experts" on CNBS. (Oddly enough, though, I'm hopeful for the accuracy of the New Year's Douggie Kass prediction of gold going under $1000 sometime this year. Should this winning-lottery-ticket-like event happen, both my Chase credit card and my HELOC will be fully transmuted into gold eagles and buffaloes.)

I can only add one thing to your analysis:

Now here's what an orderly default entails:
Greece doesn't pay on principal or interest when due.

The politicians, bankers, and bureaucrats will do anything, no matter how ridiculous, to define this event as "notadefault" in their desperation to avoid triggering a cascade of CDS fuckery.

Nobody but the politicians act surprised.

 

 

Sun, 09/11/2011 - 15:57 | 1657051 Manthong
Manthong's picture

I really wouldn't mind being able to have a cool Greek Amstel and a hot Souvlaki for 30 Drachma in Glyfada once again. 

Sun, 09/11/2011 - 12:37 | 1656404 MS7
MS7's picture

So then the Greek Finance Minister was right that the rumors of default this weekend were just for game playing/ speculating? If every weekend someone predicts Greece will default, sooner or later they will be right.

Sun, 09/11/2011 - 12:41 | 1656422 agent default
agent default's picture

How will those socialist assclowns over there deal with the coming and inevitable tax strike all these tax hikes and incompetence will bring about?  There are limits to the patience of the people in any country you know.

Sun, 09/11/2011 - 12:45 | 1656431 LawsofPhysics
LawsofPhysics's picture

Good question.  But more importantly, who will be delivering the power, water, and food while all these assclowns are sitting around striking?  Personally, I am long black markets.

Sun, 09/11/2011 - 12:54 | 1656466 agent default
agent default's picture

Nobody! Collapse Bitchez!

Sun, 09/11/2011 - 12:42 | 1656424 augmister
augmister's picture

The global Depression is leaving the station... and ALL will be aboard.  You won't need NOAA weather to predict the Kondratieff Winter ahead....

 

Sun, 09/11/2011 - 12:50 | 1656453 spiral_eyes
spiral_eyes's picture

Kondratieff winter, you say?

Print more gold. (I'm not joking, they will try this in the name of raising aggregate demand) 

http://azizonomics.com/2011/09/10/can-bernanke-print-gold/ 

Sun, 09/11/2011 - 12:42 | 1656425 LawsofPhysics
LawsofPhysics's picture

Fucking halarious.  You would think that putting a bankrupcy provision in place would have been done BEFORE you invite a coutry like Greece to the party.

Sun, 09/11/2011 - 13:58 | 1656682 oogs66
oogs66's picture

almost all sovereign debt has no real bankruptcy protection - lenders have no enforceable rights - idiotic - but that's how it is

Sun, 09/11/2011 - 15:11 | 1656925 kahunabear
kahunabear's picture

AAA rated!

Sun, 09/11/2011 - 16:06 | 1657071 Bicycle Repairman
Bicycle Repairman's picture

"Instead communitising government debt, private creditors have become more involved. We also need the possibility of an orderly bankruptcy of States."

Rules for an orderly bankruptcy proceeding ?  Just for Greece?  Just for Europe?  LOL.

Sun, 09/11/2011 - 14:04 | 1656703 WestVillageIdiot
WestVillageIdiot's picture

It reminds me of all of the housing developments I saw popping up in the early 2000s.  They would build a shitload of McMansions, putting many of them on boneheaded cul-de-sacs.  After all of these developments had been built the "planners" would start thinking about infrastructure.  Roads were an after thought as if they one day said, "oh, yeah, people drive".  I think the EZ is realizing that, "oh, yeah, some countries might have problems". 

Whatever happened to Ireland?  I can't remember the last time we got an update on Ireland.  How are they faring with their economic problems? 

Sun, 09/11/2011 - 15:52 | 1657041 Alvaro de Esteban
Alvaro de Esteban's picture

At least with a more balanced budget & better GDP outlook than others, but still ugly

Sun, 09/11/2011 - 16:35 | 1657164 Ag1761
Ag1761's picture

No problems there any more, everyone has fookin left.

Sun, 09/11/2011 - 12:47 | 1656440 Ancona
Ancona's picture

There will be hell to pay this weekend, when Asia opens and a bloodbath on Monday.

Sun, 09/11/2011 - 13:36 | 1656606 DoChenRollingBearing
DoChenRollingBearing's picture

I'll be manning the computer tonight, at Battlestations!

Sun, 09/11/2011 - 14:02 | 1656696 FederalReserveB...
FederalReserveBankofTerror's picture

I'll be manning the popcorn bowl and trying not to choke on it as I attempt to eat and laugh simultaneously.

Sun, 09/11/2011 - 14:50 | 1656865 DosZap
DosZap's picture

DoChen,@ 13:36

Your take on the metals mkt when Asia opens this afternoon?.

This Grease(lol) crap is getting be like the story of " The Little Boy who Cried Wolf".

Sun, 09/11/2011 - 23:24 | 1658421 StychoKiller
StychoKiller's picture

In that fairy tale, the wolf DOES eventually show up!

Sun, 09/11/2011 - 12:52 | 1656448 deepdish
deepdish's picture

Another gap down tomorrow? Would do good for my SPX short :)

 

This bear flag will probably send the S&P down towards 1040 area (if we fall monday, otherwise we will probably get a nasty short squeeze):

http://bildr.no/view/972541

 

 

And here is an interesting article:

 

http://pragcap.com/credit-update-chandrasekhar-limit

 

on a theme that ZH has covered quite a bit.

Sun, 09/11/2011 - 12:53 | 1656464 cossack55
cossack55's picture

I think the question is not "What next.", but "Which next".

Sun, 09/11/2011 - 12:54 | 1656468 kaiten
kaiten's picture

Greece will default, the only question is when. I think they´re waiting until the new EFSF is functional, so that they can plug the holes in the banks. (with new funds available)

Sun, 09/11/2011 - 15:03 | 1656901 unununium
unununium's picture

Greece will stop making bond payments when it stops getting more infusions. That's when.

Sun, 09/11/2011 - 23:27 | 1658428 StychoKiller
StychoKiller's picture

The ECB/IMF (etc), is busy trying to refill a collander -- sooner or later, dey arms be getting tired of pouring in liquidity only to see the Greeks lapping at all the holes.

Sun, 09/11/2011 - 12:59 | 1656485 Long-John-Silver
Long-John-Silver's picture

I wonder if the Gold and Silver Suppression Team (GSST) will come in Sunday afternoon for market open.

I'm sure they have carte blanche presigned margin paper work needing only the date and time filled in.

Sun, 09/11/2011 - 13:21 | 1656566 WmMcK
WmMcK's picture

That reminds me -- why can't i find (hardly) anybody to accept my Carte Blanche or Pfeister Barter cards anymore? :)

Sun, 09/11/2011 - 23:28 | 1658433 StychoKiller
StychoKiller's picture

Trade'em in for a "Diner's Card™!" :>D

Sun, 09/11/2011 - 13:52 | 1656664 knukles
knukles's picture

Hah! You betcha! No fucking way they'll let this get "out of hand" (as if it isn't already...pretend and pretense) first open of the week.  Gotta try to hold back the tsunami as best they can, so to speak.
Suppression of gold and silver, hockey stick equities....

Sun, 09/11/2011 - 14:11 | 1656726 WestVillageIdiot
WestVillageIdiot's picture

Gold is just too expensive.  Just ask anybody that doesn't own any. 

Sun, 09/11/2011 - 16:45 | 1657199 knukles
knukles's picture

OMG!
Just had that very conversation... "Too expensive to buy more, here!?!?!" at least 3 times this weekend.  Everybody's interested (whether to buy, don't understand or think gold's nuts) and absolutely everyone is in that quandary. 
My advice to folks about gold, treasuries, munis, stocks... (and I own lots of the former 3, Zipola of the latter) is to do what they must to sleep well at night.  And remind them that most of us had the same is it too expensive conversations at $500, $850, $1000, $1250, etc.

Sun, 09/11/2011 - 13:01 | 1656495 brunoaa
brunoaa's picture

It is very unlikely that Greece files for bankrupcy on a Monday. Trust my long term experience of hyperinflationnary Brazil/stabilization plans of the 80's. Bankrupcy will take place on a Friday which gives you the additional two days of the week-end to work out the details openly.

Sun, 09/11/2011 - 13:08 | 1656524 Motley Fool
Motley Fool's picture

Well. This is better than America's "nothing is wrong" approach.

Sun, 09/11/2011 - 13:11 | 1656536 oogs66
oogs66's picture

Finally a politician admits that they have no rights if Greece defaults!!

Sun, 09/11/2011 - 23:31 | 1658439 StychoKiller
StychoKiller's picture

You mean aside from the raping & pillaging, as in daze of olde?

Remember folks, ALWAYS rape & pillage BEFORE burning everything to the ground!  This timely tip brought to you by Atilla the Hun.  :>D

Sun, 09/11/2011 - 13:11 | 1656539 PulauHantu29
PulauHantu29's picture

Party today...pay tomorrow!

Sun, 09/11/2011 - 14:14 | 1656738 WestVillageIdiot
WestVillageIdiot's picture

"Dine and dash" is more like it.

Sun, 09/11/2011 - 13:13 | 1656543 zorba THE GREEK
zorba THE GREEK's picture

The situation in the EMU is changing at a faster pace than any plan to deal with it can be agreed upon

by all 17 member nations. The chairman of the FDP is correct in stating that a predetermined course of

action needs to be in place to deal with member nations defaulting, but that would take a great deal of

negotiations and a very long time to accomplish. So in the case of Greece and probably the rest of the

PIIGS nations, his point is academic, as the current situation is deteriorating rapidly and will require

several emergency bail-outs to prevent a watershed event.

 

Sun, 09/11/2011 - 13:19 | 1656559 holdbuysell
holdbuysell's picture

"The idea of ??a common currency for Europe was and remains both necessary and right."

Still in denial.

Sun, 09/11/2011 - 13:59 | 1656686 Zero Debt
Zero Debt's picture

One characteristic of sociopath perpetual liars living in outright denial is that they use oxymorons, I am trying to decide which one is my favorite oxymoron ..

(A) an orderly bankruptcy

(B) A Europe of economic rationality

(C) We need binding sanctions proceedings

 

Sun, 09/11/2011 - 14:49 | 1656861 WestVillageIdiot
WestVillageIdiot's picture

"PAPER GOLD" is still my favorite. 

Sun, 09/11/2011 - 13:27 | 1656587 TradingJoe
TradingJoe's picture

Greece is toast, question is: roast brown or outright burned!? Nothing is fixed, nobody has a plan let alone a clue! Next fiat shot isn't sure either! So WTF are people thinking? That we are going to rally tomorrow? If yes, my sincere condolences!

Sun, 09/11/2011 - 13:47 | 1656648 DaBernank
DaBernank's picture

When Italy is toast will Prosciutto go to €2.000/kilo ?

Sun, 09/11/2011 - 14:01 | 1656694 oogs66
oogs66's picture

italy will be the first to break away from the euro - welcome back lire

Sun, 09/11/2011 - 14:17 | 1656755 WestVillageIdiot
WestVillageIdiot's picture

I remember my brief trip to Italy.  It was 2002.  We would walk through stores and see price tags that cracked us up.  The tag might read on one side "150,000 lire" and then on the other side read something like, "6 Euro".  I don't remember the actual conversion rate but it was pretty funny.  That was when the dollar was at its strognest against the Euro.  That was a nice, inexpensive vacation.  Of course it did cause me to drink too much. 

Sun, 09/11/2011 - 13:29 | 1656590 Joebloinvestor
Joebloinvestor's picture

There was a procedure in place to determine fitness to join the EU, which everyone was just a lie away from.

Unlike a "team" that gets rid of the deadwood and non contributing players, the EU wants to run a charity (with everyones money).

Socialists are really into "noble" causes, as that excuses the corruption.

What really needs to be monitored are the people handling the bailout money and fees (hint: banker buddies).

Sun, 09/11/2011 - 14:20 | 1656764 WestVillageIdiot
WestVillageIdiot's picture

The formation of the Eurozone reminds me of those online dating sites where everybody puts up a picture of somebody else.  Greece's photo on match.com looked like a glamour shot of a swimsuit model when in fact she was really Rosie O'Donnell with a killer yeast infection.  "Give mama a kiss." 

Sun, 09/11/2011 - 13:37 | 1656609 Atomizer
Atomizer's picture

Join our Membership Now and help bail us out Bitches

Republic of Croatia

http://www.delhrv.ec.europa.eu/?lang=en

Sun, 09/11/2011 - 13:52 | 1656663 falga
falga's picture

There are no provision in the Maastrich Treaty for a member to declare Bankruptcy. This is a serious legal issue.  EU has to bail out Greece regardless of the costs... unless they can amend the Treaty very quickly... doubtful!

Sun, 09/11/2011 - 14:02 | 1656698 oogs66
oogs66's picture

i don't think many sovereigns have a provision to declare bankruptcy, i bet the US cannot declare "bankruptcy" 

Sun, 09/11/2011 - 14:23 | 1656775 WestVillageIdiot
WestVillageIdiot's picture

Why would a nation that prints its own currency have to declare bankruptcy?  It is one thing to tell an unarmed paraplegic to declare bankruptcy.  It is another thing to tell a steroid filled methhead that is armed to the teeth to declare bankruptcy.

"The pope opposes your plans."

"And how many divisions does he have?" Stalin responded. 

How many nukes does Greece have?  Bye bye, Greece. 

Sun, 09/11/2011 - 14:04 | 1656702 Atomizer
Atomizer's picture

/Sarc. Quiet peasant.

It's the Lisbon loopholes they are vomiting over.

Meanwhile, they are looking for new suckers to spread the debt. LOL

KRYNICA, Poland — Croatia, set to become the European Union’s 28th member in mid-2013, is confident the euro zone will overcome its current crisis and its common currency will exist 10 years from now, the country’s finance minister said Thursday.

“I think the euro zone will exist in 10 years from now, considering how much has been invested in it,” Martina Dalic said during a panel discussion at the Economic Forum in Krynica, southern Poland. “It’s something worth fighting for.”

She added that 80% of deposits in Croatian households were in euros because the nation remains distrustful of its own currency after bad experiences from its days as part of Yugoslavia.

“It’s highly connected with the development in the euro zone since obviously our citizens, in spite of years of stability of our own currency, they choose to save in euros. There are many reasons for it and mainly they’re related to the economic circumstances of our former state,” she said.

“From the stand point of Croatia, the stability of the euro zone and the prospects of the euro as such is important, and we follow them quite closely,” she added.

She added the adoption of the euro was one of the most important goals of Croatia’s EU membership. Croatia wrapped up its EU accession talks in June

http://blogs.wsj.com/emergingeurope/2011/09/08/euro-dependent-croatia-says-currency-will-survive/

Trix Are For Kids!

Sun, 09/11/2011 - 14:26 | 1656781 WestVillageIdiot
WestVillageIdiot's picture

That is funny.  We are not sure their common currency will still be around 10 days from now but Croatia can tell us, for certain, that it will be good 10 years from now.

What are tonight's lotto numbers, Croatia? 

It is funny that they trust bureaucrats like Von Rompuy, the human lizard, even more than their own bureaucrats. 

Sun, 09/11/2011 - 21:57 | 1658255 TheFourthStooge-ing
TheFourthStooge-ing's picture

Trix Are For Kids!

Kicks are for Trids!

 

Sun, 09/11/2011 - 14:08 | 1656715 slewie the pi-rat
slewie the pi-rat's picture

here's some more slewie "news" from libya

Head of New Leadership, Jalil, Arrives Tripoli to Great Welcome

and here's what morgan strong put up in the tripoli post from the nytimes re same event in a piece he had up 50 minutes before the above one [Summary of the American and International Press on the Libyan Revolution - <i>Morgan Strong</i>] (paste):
Abdul-Jalil was mobbed by the crowd as he tried to make his way to the air force building. A fistfight broke out between two men after Abdul-Jalil was rushed inside, and one waved his pistol in the air. Other men trying to shove their way in knocked over a metal detector and a large potted plant. (can't make this shit up, folks!)
After meeting with local leaders inside, Abdul-Jalil called for unity among Libyans to finish the fight against Al Qathafi loyalists. He also called for forgiveness to allow Libyans to rebuild the country. (my empahases all theu here, ok?)
"This is not the time for retribution. This is not the time for taking matters into your own hands. Many rights have been lost and many tragedies have occurred," he said. "We have to realise that Muammar Al Qathafi is not done yet and we must direct all our means to liberate the rest of the cities."
Abdul-Jalil's arrival was meant to show that the former rebels are getting ready to establish their government in the capital. Until now, most of leaders of the anti-Al Qathafi movement had been based in the eastern city of Benghazi...

...Earlier Saturday, as reporters waited for Abdul-Jalil's arrival at the air force base, a group of fighters escorted a wooden coffin to a nearby plane. The coffin carried a fighter who was killed Friday by a young civilian in Tripoli's main square.
The assailant drew a pistol and shot the fighter in the chest after being told he could not enter the square, said Rafa al-Mogherbi, a fighter who witnessed the shooting.  (end paste, which is lengthy, but not pointless, as we may see...)

...here:  Reports: Infighting Between Libyan Rebels Kills 12

this outbreak of tribal hostilities is in the eastern end of the nafusa range which extends from south of tripoli to the tunisian border, and where slewie had a coupla nice folks sending him info, for many months, till last month when they got the fuk outa there;  roughly in the area just south of gharyan, it seems.
i "reported" well over a month ago, before the "fall" of the capitol, that there were a slew of inter-tribal stabbings, especially after the berber race started expressing its new freedom and got a little "uppity" in the eyes of other arab tribes, perhaps, who may also not have agreed on what that coulda "meant".  at the time, i noted:  hey!  at least they're not shooting each other!  well, they are now, BiCheZ!

so now we have weapons all over creation as unguarded "armories" are looted,... the moQ calling on loyalist who love libya to keep fighting the imperialist puppets whom he keeps calling "rats"  for which he is gonna get BiCh-slapped by slewie if he makes it thru this shit, too!  [trust me!] ...,... the UN acting as fast as it can to get its "people" authorized to get the fuk into tripoli,... and 140+ tribes plus the berbers (of whom my dad sez: "they're really good shots!") all armed up the ass, even better than americans, and their 'leadership' basically pleading with them to be nice in spite of the fact they have very little water, food, or anything else except some NGO medical "volunteers" which g. britain & france paid their agencies to send in before they  started breaking all the int'l "guidelines and rules" which they themselves set up thru the UN b4 they started bombing the shit outa everything that usta be infrastructure in the dastardly tyrant's domain, which they had previously been using as the end-point of their rendition "programs" b/c they must.protect.homeland after wtf went down (pun intended) a decade ago and which may have, just possibly, been a false flag event orchestrated by the NWO types' agents in the CIA, MI6, mossad, and (believe it or not) the rockefeller corporo-fascist elitists who run amerika via the council on foreign relations and whose puppets (of whom i think r.paul might just be one, too) we keep actually electing to tell us wtf to doodoo, next

i'm off to go shopping & gambling

enjoy the TV "programming" today, BiCheZ!

Sun, 09/11/2011 - 14:10 | 1656725 dpr10
dpr10's picture

declare bankruptcy and keep euro as the currency????? that would be total bs....

Sun, 09/11/2011 - 14:30 | 1656799 WestVillageIdiot
WestVillageIdiot's picture

How do they get access to oil and food with their own currency?  That should scare the hell out of the Greeks.  It seems to me that any attempt to go back to the drachma would have to be accompanied by a European promise to ensure that Greece still has access to such things as food and oil. 

There is no easy out on this one.  At least the rich guys that wind up bankrupt have the option of shooting themselves in the head.  Like Bernstein on Citizen Kane said, when describing Jed Leland's family, "you know the type of family.  One day they have ten million dollars.  The next day they find him with a bullet in his head and there is only debts."  That's not the exact wording but you get the point. 

Sun, 09/11/2011 - 15:23 | 1656962 dpr10
dpr10's picture

i agree with the no easy..but at this point noone would care if greeks could afford oil or food...if a country defaults and stays in the monetary system, what next...i guess it is up to the germans to pick the whole tab anyways:::::::))))

Sun, 09/11/2011 - 14:15 | 1656745 The Heart
The Heart's picture

We knew within weeks after 9/11 that the planes were remote controlled and have rung the alarm bells ever since. The great author Joe Vialls wrote about it describing the "fly-by-wire" remote controlled planes that had this technology in them since the seventies as far as he knew then.

Electronically Hijacking the WTC Attack Aircraft:

http://www.thetruthseeker.co.uk/oldsite/article.asp?ID=206

GW, you have done well here researching this subject. Did you ever see this article:

Flight of the Bumble Planes

http://www.public-action.com/911/bumble.html

Ten years after…have we learned anything?

Here is an excellent video by AE for 9/11 truth:

http://www.youtube.com/watch?v=YW6mJOqRDI4

http://www.ae911truth.org/

Pass this around folks and especially send it to those who still think some clown in a cave and 19 guys with box cutters outsmarted our 400 billion dollar NORAD defense system. Also, a big question to ask them is, if fires bring down buildings at the speed of gravity, why doesn’t my BBQ or fireplace grill come crashing down at the speed of gravity when lit and on fire for hours and hours?

Who was responsible for 9/11?

http://republicbroadcasting.org/?p=7058

WTC-911 - THE BASIC QUESTIONS
1-6-03

911 - THE BASIC QUESTIONS

1. Why didn't jets intercept the airliners since they had numerous warnings of terrorist attacks?
2. Why did Ashcroft stop flying commercial, citing an unidentified "threat" in July 2001?
3. Why were there no photos or videos of the Pentagon plane?
4. Why didn't the Secret Service hustle Dubya out of the classroom?
5. Where was George H. W. Bush at the time of the attacks?
6. Why did passengers or crewmembers on three of the flights all use the term box cutters?
7. Where are the flight recorders?
8. Why were the FISA warrants discontinued?
9. How did Bush see the first plane crash on live camera?
10. Why was a security meeting scheduled for 9/11cancelled by WTC management on 9/10?
11. How did they come up with the "culprits" so quickly?
12. How did they find the terrorist's cars at the airports so quickly?
13. Why did Shrub dissolve the Bin Laden Task Force?
14. Why the strange pattern of debris from Flight 93?
15. Why was no plane seen at the Pentagon?
16. How extensive was the relationship between the Taliban, the ISI and the CIA?
17. What exactly was the role of Henry Kissinger at UNOCAL?
18. When was it decided to cancel building a pipeline from Turkmenistan through Afghanistan to Pakistan?
19. When was the decision made to send the FEMA to New York?
20. Why did FEMA spokesman Tom Kenney tell Dan Rather he was in New York on Sept. 10?
21. Why did the FBI in 1996 close the files to investigate Osama bin Laden's relatives in Washington?
22. Why did .Bush stop inquiries into terrorist connections of the Bin Laden family in early 2001?
23. Who made the decision to have John O'Neill stop investigating Al-ceada accounts?
24. Who gave the decision to give him a security job at the World Trade Center?
25. Did John O'Neill meet anyone of the FEMA in the night of September 10th?
26. What about media reports that hijackers bought tickets for flights scheduled after Sept. 11?
27. Why did none of the 19 hijackers appeared on the passenger lists?
28. Why would devout Muslims frequent bars, drink alcoholic beverages and leave their bibles?
29. Why would the hijackers use credit cards and allow drivers licenses with photos to be zeroxed?
30. Why did the hijackers force passengers to call relatives?
31. How did the hijackers change the flight plan without law enforcement or the military try to stop them?
32. Which hijacker's passport was found in the WTC rubble? Who found it and what time?
33. How could the FBI distinguish between "regular" Muslims and hijacker Muslims on those flights?
34. Why was there not one "innocent" Muslim on board any of these flights?
35. Did someone go through the passenger lists looking for Muslim names and label them as hijackers?

MOHAMMED ATTA

36. Did the Florida police provide information that Atta was searched because of 1) an expired Visa, 2) driving a car without a license, 3) because of an incident at Miami Airport?
37. Why did Atta leave his bag at the airport and the employees didn't put it on board?
38. Who found his bag? How can we be sure it was his bag?
39. Why did Atta place a video "how to fly planes", a uniform and his last will into his bag, knowing that he would commit suicide?
40. Why did Atta leave his drivers license in a rental car?
41. When did Atta train on a flight simulator?
42. Did Atta leave the US while in training and then return?
43. Why did Atta decide to study at Opa Locka, a famous hub of 6 Navy training bases and includes government partners like U.S. Coast Guard Air Station, Police (Miami-Dade) Aviation Unit?
44. Why was Atta allowed to study since he was stopped by the police for driving without a license and also for violating his visa?

THE BLACK BOXES AND CRASH VIDEO

45. Why were the Black Boxes never recovered?
46. Why didn't the FBI release the air traffic controller's protocols?
47. Why did the FBI not release the Flight Data Recorder info?
48. Who video-recorded the first plane hitting the tower? Why did he disappear from the media?

THE HIJACKERS

49. How did the FBI receive a tip from a passenger who boarded a different plane and reached his destination safely that he had a confrontation with two ME men at the Logan airport in Boston?
50. Who tipped the FBI to storm the Westin Hotel in Boston on September 12th?
51. Where did the photos of all 19 hijackers come from?
52. How were all hijackers identified just 2 days after the attack?
53. Why did all 19 names not appear on the passenger list 2 days after the hijacker list was released?
54. Why do none of the names appear on the passenger lists UA and AA gave to CNN?
55. How could the hijackers disable the defense systems?
56. Why did the FBI ignore Bin Laden's family, who left the United States without further investigation?
57. What about the supposed hijackers who are still alive?
58. Was there a reason to change the list of the original 19 hijackers?
59. What happened to Ayub Ali Khan and Mohammed Jaweed Azmath, who have been in jail since September 2001, because of possession of box cutters on a train? Who gave the tip to arrest them?
60. Why did it take 4 months before Ramsi Binalschibhs name was mentioned, since he was a good friend of Mohammad Atta and lived in his apartment in Hamburg?
61. Why did it take 4 months until December 11 to charge Zacarias Moussaoui for the 9/11 attacks when his case was known worldwide for months, but not mentioned in the American media?
62. Whatever happened with Lotfi Raissi, who was arrested in UK for teaching the terrorist pilots?
63. What is the current status of the investigation of Mamoun Darkazanli Import-Export-Company in Hamburg and Al Taqwa Management Organization in Lugano?
64. Why was Richard Reid able to enter the Paris airport twice and who paid for his hotel?
65. Who hired Zacarias Mouassoui to learn how to fly passenger jets in the United States?
66. Why did the FBI or CIA fail to interrogate him between August and December 2001?

BIN LADEN

67. Did the CIA monitor Bin Laden in 1998 with the help of 15 Afghan agents, paid $1,000/ month?
68. Where are these agents? Was Johnny "Mike" Spann one? Was John Walker Lindh one?
69. Is an Afghan agent a member of the ISI? Is an Afghan agent working for Bin Laden?
70. When was the first time Tenet mentioned the Al-Qaeda group to any member of the Senate?
71. Why did the Pentagon release a new video version or translation of the Bin Laden Home video?
72. Why it was released only 8 hours after translation by the German magazine MONITOR on December?
73. Why were the four translators prior US-Government workers?
74. When was the Bin Laden Home Video found and who found it?
75. Who found the video if Northern Alliance and US troops had not yet arrived in Kandahar or Jahalabad?
76. Does the timestamp on the Bin Laden video indicate that it was found two weeks after it was produced?
77. Why was the public not informed who found the video and when?
78. Why according to MONITOR magazine, were the most controversial statements translated incorrectly?
79. Why was the video released?
80. Who gave the final decision to release it?
81. Why is the Bin Laden video of June 2001 in which he praised the attack, available on the Internet?
82. What about Bin Laden's statements on Al-Jazeera in June 2001 about the bombing of USS Cole, which are similar to the statements on the November 2001 home video?
83. Why did Bin Laden state in Umman Magazine in Sept. 2001, that he was not involved in the WTC?
84. Is Bin Laden still on the payroll of the CIA or ISI?
85. Did the Bin Laden Group Inc. help build Tora Bora with the CIA?
86. What was the purpose of the meeting with General Pervez Musharraf in May 2001?
87. Why was a statement released that Al-Khalifa bin Laden, who is not the mother of Bin Laden, had a telephone call with Bin Laden on September 9, rather than Alia Ghanem, his mother? Why did Alia Ghanem say she did not believe he planned the attack?

ANTHRAX AND MICROBIOLOGIST DEATHS

88. What happened on September 18th, when an employee of Batelle Memorial Institute was involved in a so-called anthrax hoax on that day? Was he arrested?
90. Why did the investigation of that case begin in December 2001?
91. What was in the memo of Dr. Leonard Horowitz, a public health consumer advocate and author of "Death in the Air" on October 1, 2001, almost two weeks before the first anthrax letter was sent from Trenton to the American media building in Boca Raton?
92. What about his letter of Nov. 13 in which he claimed that BAYER is behind the anthrax infections?
93. Did US BioDefense laboratories send the anthrax-laced letters to get a new budget for research?
94. What about the statement of former UN-weapons inspector of Iraq, Richard Spertzel, who told ABC, "...he knows only five scientists in the USA who would be in the situation to produce such a fine, highly developed spore material"?
95. Why did it take 48 hours to inform Bob Stevens that he had anthrax?
96. Why were envelopes never found near Bob Stevens, Amelie Lundgren and Mia Nguyen?
97. How come Microsoft got a hoax anthrax letter from Malaysia on the same day that President Bush said Malaysia might be one of the next targets of the United States?
98. Why did the FBI never investigate the case Don Wiley, a Bioscientist who disappeared 11/13/01?
99. Why did the FBI begin to investigate after his body was found on December 22, 300 miles away?
100. Was there an investigation at the military hydro plant where workers found him?
101. Why did the media write different versions about how, when and where he was found?
102. Why did the police report change 2 months later from suicide to an accident?
103. What was the goal of Bioport in 1997?
104. Did development of anti-anthrax vaccines begin in 1998?
105. When did Bioport decide to produce anthrax vaccines?
106. Was it before or after Sept. 1998 that Admiral Crowe was put in charge of investigations of the August 7, 1998 bombings of Embassy Nairobi and Embassy Dar Es Salaam?
107. Did the schedule for developing anti-anthrax vaccines begin starting in 1998?
108. When did the US Government ask Bayer for help in developing a vaccine?
109. When did Bayer start sending the vaccines to the U.S.?
110. When did Bayer double production of the vaccines?
111. Was the death of Vladimir Pasechnik investigated? He was former director of the Institute of Ultra Pure Biochemical Preparations of the Soviet bio-warfare establishment Biopreparat in November 2001?
112. How are the deaths of scientists Robert M. Schwartz, Dr. Benito Que and Set Van Nguyen explained since all occurred in the same month? Is Set van Nguyen related to the anthrax victim Mia Nguyen?
113. What about the death of Nancy Sonnenfeld (FEMA-Wife)?
114. Why was the NJ Division of Fish and Wildlife examining Anthrax in August 2000?
115. Do any employees in Trenton have the same handwriting as printed on the Anthrax envelopes?
116. Is it just a coincidence that the laboratory is also based in Trenton?
117. Did the FBI ever ask Fort Detrick to examine anthrax spores?
118. What about the list of 15-20 labs (maintained by Barbara Rosenzweig) who used Fort Detrick spores?
119. Does the CIA have spores different from those at Fort Detrick?
120. Why did Tommy Thompson, The Secretary of the Department of Health and Human Services, and other Bush cabinet members meet secretly (i.e. illegally) in Oct. 2001 with officials of the Pharmaceutical Research and Manufacturers of America (PhRMA) to develop plans for their Emergency Preparedness Task Force?
121. Why did he decide on October 25, 2001 to ask Congress for another $500 million to produce Acambis's smallpox vaccine?
122. Why did it take 4.5 hours until Jean Marie Malecki, Director Palm Beach County Health Department, picked up the phone for employees of the AMI-Building, Boca Raton. This is where editor Bob Stevens got anthrax. Why did she wait two days before she visited that building again?
123. Did Walter Gilbert, Director Myriad Genetics ever get official permission from relatives of those killed at WTC to examine their DNA?

FOREIGN INTELLIGENCE AGENCIES

124. Why did General Mahmud Ahmad, former head of the ISI quit his position?
125. Why did retaliation against the Taliban begin the day he stepped down?
126. Who in the ISI paid $100.000 to Mohammad Atta?
127. Why does Ahmad think that another secret service was involved in the WTC attack?
128. Which Secret Service was he referring to?
129. Did other ISI official's believe that?
130. Did officials of the CIA believe that?
131. Did some officials of the Mossad believe that?
132. What was the purpose of Ahmad's visit to Washington on 9/11?
133. Who told Russian Foreign Minister Ivanov to abort an air strike against Afghanistan in May 2000?
134. Did Russian intelligence notify the CIA in 2001 that 25 terrorist pilots had been training for suicide missions, as reported in the Russian press?

KISSINGER

1. What did Kissinger mean that an "outside threat from beyond", a "world government" and "individual rights" who are "willingly relinquished for the guarantee of their well-being granted", what you mentioned in 1991 on a Bilderberg Conference?
2. What was his role at UNOCAL?
3. Is he in contact with representatives of these companies or institutions:
4. What did he discuss at the Bilderberg meeting last year in May 2001?
5. What was the purpose of his meeting with Moscow Mayor Yuri Luzhkov in July 2001?
6. Why does he write in "Toward a New Diplomacy for the 21st Century" that America doesn't need a Foreign Policy?
7. When was the last time Henry Kissinger met US-Ambassador in Pakistan, Robert Oakley?

THE PURCHASE OF AIRLINE PUT OPTIONS

1. Is it true that the CIA is in possession of PROMIS software?
2. What is the purpose of PROMIS?
3. Did A.B. "Buzzy" Krongard, CIA, own any stocks of United Airlines, American Airlines, Merrill Lynch,
4. Morgan Stanley, AXA Re (insurance) which owns 25% of American Airlines, and Munich Re.?
5. What is his connection to Alex Brown, Deutsche Bank?
6. Did he give any insider information about to George Tenet, CIA?
7. Who was the investor who purchased 2,000 UAL put options between August and September 11, 2001?
8. Did Deutsche Bank-Alex Brown own any stocks of UA, AA, Merrill Lynch, Morgan Stanley, AXA Re (insurance) which owns 25% of American Airlines, and Munich Re?
9. What about the 2,500 UA-contracts which were "split into 500 chunks each, directing each order to different U.S. exchanges around the country simultaneously." on August 10, 2001?
10. Did Deutsche purchase UAL options in August 2001?
11. Why did DB-AB purchase 4,744 put options on United Air Lines stock as opposed to only 396 call s on September 6-7? What was the purpose of doing that?
12. What is the connection to Wally Kromgaard?
13. Did Deutsche Bank or Wally Kromgaard purchase 4,516 put options on American Airlines as compared to 748 call options on September 10?
14. What was the reason of Mayo Shattuck III re-assignment on September 15th?

THE TALIBAN AND THE CARPET OF GOLD.

1. When was the last time they met any representatives of the US-Government?
2. What was the purpose of these meetings?
3. Do the Taliban know Karl E. Inderfurth and State Department counterterrorism Chief Michael Sheehan?
4. Do they know which US-Representative said in February 2001: "Either you accept our offer of a carpet of gold, or we bury you under a carpet of bombs"?
5. When was the last time the Taliban was in touch with this representative?
6. Did Abdul Haq, the former Mujahedin leader executed Sept 2001 by the Taliban, decide in winter 2000 to attack the Taliban?
7. Did production of opium in Afghanistan fall from 3276 tonnes in 2000 to 185 tonnes in 2001?

GLOBAL HAWK TECHNOLOGY

1. Was Global Hawk technology able to remotely control unmanned planes in 1999 for 27 hours?
2. Did Northrop-Grumman use Global Hawk technology in the war in Afghanistan since October 2001?
3. What is the purpose of unmanned technology?
4. Is Northrop in contact with any engineers of Boeing?
5. Did Northrop install Global Hawk technology in a commercial airplane?

CARRIER AND TROOP MOVEMENTS BEFORE SEPT 11

1. Did two U.S. carrier battle groups arrive in the Gulf of Arabia just off the Pakistani coast before 9/11?
2. Did 17,000 U.S. troops join more than 23,000 NATO troops in Egypt for Operation 'Bright Star' on 9/11? What was the purpose of both of these operations?

BIOCHEMICAL WARFARE

1. When did Tommy Franks learn that he would use Thermobarics in Tora Bora?
2. Does he know if it had been tested on December 12 in Nevada?
3. Who told Franks that Bin Laden might hide in Tora Bora?
4. Is the main purpose of Thermobarics to destroy buried bio and chemical stocks?
5. Was Thermobarics developed for the purpose to use one day in Iraq?
6. When was the first time Franks used Thermobarics?
7. Was it before or after the announcement of the end of ABM Treaty on December 11?
8. When did the US decide to use B61-11, the "nuclear version" of its "conventional" BLU-113 counterpart?
9. Why has the NSA destroyed data collected on Americans or US companies since the Sept. 11 attacks?

ABORTED ATTEMPTS TO GET BIN-LADEN

1. Why did Clinton abort an attack on Bin Laden in October 1999?
2. Who was responsible for that operation?
3. Why was the operation put on hold?
4. Why did Musharraf halt a covert operation to attack Bin Laden in October 1999?
5. Why did the GOP in Congress stop almost every move Clinton made against terrorism? They refused to believe reports and pass necessary legislation. In 1996 Clinton proposed a very extensive anti-terrorism regulation.

RICHARD REID

1. Who hired Richard Reid to threaten a passenger plane in Paris?
2. Who did he send an email to in Pakistan?
3. Has he ever been in touch with the ISI or CIA?
4. Did he know the difference between an explosive and a detonator?
5. How many ounces did he have in his shoes?
6. What size are his shoes?
7. Who build or prepared his shoes?

JOHN WALKER LINDH

1. Has John Walker Lindh ever been in touch with the CIA?
2. Did he ever work for the CIA?
3. Who arrested him in 2001?
4. Why didn't he escape in the tumult to nearby Masar-e-Sharif?
5. Who hired his lawyer, Richard Brohanan? Who paid his lawyer?
6. Why didn't he go to Guantanamo Bay?

DICK CHENEY

1. When did Cheney stop working for Halliburton?
2. Is he still in possession of any Halliburton stock?
3. Is he still in contact with Halliburton?
4. Was Halliburton invited to an oil conference in May 2002?
5. Does Cheney know when that meeting was planned?
6. Did Cheney have influence concerning Halliburton contracts with the Pentagon?
7. What exactly did Cheney decide to do on September 11th?
8. Did he speak with an Air Force Commander or Lt. Gen. Charles F. Wald on that day?
9. When did he inform the president about the hijacked airplanes on September 11?
10. Who called the White House on September 11 at 9:30 PM about a possible threat?
11. Why was no air security at the White House or the Pentagon at 9:30 PM?
12. When and who gave the approval to evacuate the White House at 9:45 PM?
13. What was the purpose of a meeting with Indian opposition leader Sonia Gandhi in June 2001 about a multimillion-dollar debt owed to Enron from a major energy project in Indian Power Plants?
14. When was the last time Cheney spoke with anyone from ENRON?

COLIN POWELL

1. What was the role of Colin Powell?
2. Who decided to give $43 million in aid to the Taliban regime in May 2001?
3. Did he know that production of opium in Afghanistan fell from 3276 tonnes in 2000 to 185 in 2001?
4. What was the purpose of his decision to treat the Taliban prisoners as War Prisoners? Is this decision in any way related to media reports 2 days earlier that Powell may have been involved in negotiations with Indian Power Plants?
5. What was the purpose of his short trip to Latin America on September 11?
6. Who decided that he fly to Latin America on that day?
7. Why would someone threaten him in Afghanistan on January 17, 2002 as Newsweek reported?
8. What was the purpose of Powell meeting with India's foreign minister on April 6, 2001?
9. Did Enron or Cheney ask Powell to help collect a $64 million debt on an Indian plant project?

GEORGE H.W. BUSH

1. When was the last time George H.W. Bush traveled to South Arabia on behalf of the Carlyle Group?
2. What was the purpose of that meeting?
3. Why was Bush Sr. in Dealy plaza the day Kennedy was assassinated?
4. What connection did Bush Sr. have with the Gulf of Tonkin?

THOMAS WHITE

1. Is Thomas White still in contact with ENRON?
2. Did his contact at anytime influence his decisions?
3. Does he still own ENRON stocks?

DELMART VREELAND

1. Did Vreeland warn Canadian Intelligence in May 2001 about possible terrorist
attacks on New York and the Pentagon?
2. Did he place the warning in an envelope while in prison in Toronto, Canada?
3. Where did he get his information?
4. Whom did he give the envelope to?
5. Why was he placed in jail?

SAUDI-BINLADIN-GROUP.COM

1. Was the domain created on September 11th, 2000?
2. Who paid for that domain?
3. Are they also owners of Iridium Satellites?
4. When did they end contact with relatives of the Bush family?

THE CARLYLE GROUP

1. When was the last time George H.W. Bush traveled to Saudi Arabia on behalf of the privately owned Carlyle Group, the 11th largest defense contractor in the U.S.?
2. What was the purpose of that meeting?
3. When did he resign from Carlyle Group?
4. Is he still in touch with any of their representatives?

STEPHEN LANDER, Director MI5

1. Did Lander monitor a phone conversation between Zacarias Moussaoui and Richard Reid in Dec. 2000?
2. What did Lander tell representatives of the CIA about Zacarias Moussaoui?
3. Why did he stop monitoring Djamel Beghal, member of Takfir-wal-Hijra (financed by Osama bin Laden) in August 2001?

BIN LADEN IN DUBAI

1. Did Bin Laden in July 2001 enter an American hospital in Dubai?
2. Did he arrive on July 4, 2001 on a flight from Qetta, Pakistan to American Hospital? 3. Was he at the hospital July 4-11, 2001?
4. Did Bernard Koval, CEO of American Hospital, ever speak with Doctor Terry Callaway about that visit?
5. Why did he change his statements about this story not being true and that he "asked around"?
6. What is the difference between Continuous Ambulatory Peritoneal Dialysis and Continuous Cycling Peritoneal Dialysis?
7. Did Koval know Larry Stevens?
8. Can Koval explain why Richard Labeviere, author of "Terror Dollars" (about illegal Al-Qaeda accounts), wrote the story about Osama Bin Laden's kidney operation?

GEORGE W. BUSH

1. What exactly happened on September 11 and at what time was President Bush informed?
2. Why was President Bush scheduled to visit a school in Florida?
3. Who scheduled the time of the visit?
4. When exactly did Bush learn about the first crash into the WTC?
5. How could he have seen that on TV?
6. Why didn't he interrupt his school meeting as soon as he learned of the first plane crash?
7. Did Bush ever wonder how Bin Laden was able to hear the first plane crash live on the radio?
8. Which radio station he was listening to?
9. Can Bush explain how Bin Laden's Home Video was found only two weeks after it was produced?
10. Why did Bush decide to release Bin Laden's Home Video?
11. What is the purpose of the Western Hemisphere Institute for Security Cooperation (WHISC) in Fort Benning, Georgia, where terrorists have been trained for undercover agents in South America? Bush stated "if any government sponsors the outlaws and killers of innocents, they have become outlaws and murderers themselves". So what does he think about Fort Benning?
12. What is the role of Zalmay Khalilzad (former UNOCAL) in the National Security Council?
13. What is the current role of Zalmay Khalilzad (former UNOCAL) in Afghanistan?
14. When was Bush's last contact with anyone from ENRON?
15. Why was China admitted to the WTO on September 13 after 15 years of unsuccessful attempts?
16. Why did Bush postpone the release of Ronald Reagan's records?
17. How does Bush feel about the need to investigate the CIA's mistakes?
18. Does Bush agree with senators John McCain, Joseph I. Lieberman, Porter J. Goss, former C.I.A. clandestine case officer and a Florida Republican, Richard C. Shelby and Ron Paul, US Congressman, who want an investigation and have said "Secret government is winning out over open government"?
19. Did he know before he left his hotel that morning on the way to the school that the 1st tower had been hit? ABC news reported that morning that he was asked by reporters if he was aware of events in NYC and he answered yes. If so, why did he later say he first heard of it was when he was at the school?
20. Why did Bush continue to sit in that classroom reading to children when he should have been conferring with his advisors?
21. Why did Bush say that he and Card initially thought it was an accident involving a small plane?
22. Given all the information sources available to the POTUS and his staff how could his people not have known the kind of plane involved?
23. Why didn't they know at this point, as did the FAA and NORAD, that aircraft were hijacked? The Battalion Chief in the 9/11 video was seen and heard asking for military backup immediately after the building was hit.
24. How come the NYFD knew it was terrorism right away but the POTUS and his aides just calmly went about their business?

TONY BLAIR

1. Were 25,000 British troops and the largest British Armada since the Falkland Islands War, part of Operation 'Essential Harvest' pre-positioned in Oman, the closest point on the Arabian Peninsula to Pakistan before September 11, 2001?
2. When did he begin to place SIS-Special Forces in Afghanistan? Why?
3. Is Tony Blair a bi-sexual?

THE SUN-SENTINEL

1. Did Gloria Irish own unit 1504 at the Delray Racquet Club, 755 Dotterel?
2. Did she rent that property to Hamza Alghamdi in August 2001?
3. Why did the media not report about a connection of the Sun-Sentinel and the hijackers?
4. Why did it first appear that the hijackers had something to do with the anthrax attacks?
5. Why has this connection or coincidence never appeared in the media again?
6. What was the connection between husband Michael Irish (Sun Sentinel) and Bob Stevens (who died from Anthrax)?

WARNINGS

1. When did Vladimir Putin warn the CIA about a possible terrorist attack and what was their reaction?
2. What was the purpose of the meeting between Christina Rocca, director of Asian affairs at the State Department and the Taliban ambassador Mollah Abdul Salam Zaeef in Islamabad in August 2001?
3. Why did she oversee the delivery of Stinger missiles in the 80s to Afghan mujaheddin?
4. Did Walid Arkeh in Seminole County jail inform the FBI in August 2001 about an attack on America? What was the reaction of the FBI?
5. Why did Dr. Jeffrey Starr, U.S. department of defense, visit Tajikistan in Jan 2001?
6. When did Jean-Claude Cousseran, Director DGSE, and French Secret Service inform the CIA about terrorist attacks on America? What was their reaction?
7. What does he know about the monitoring of Djamel Beghal, member of Takfir-wal-Hijra (financed by Osama bin Laden) and Kamel Daoudi? Did he ever inform the CIA about that? And when?
8. When did Italian Deputy Prime Minister Gianfranco Fini inform the CIA about a possible attack on the American president "with the use of an airplane"? What was their reaction?
9. When did President Mubarak, Egypt, inform the CIA about a possible attack on America with an "airplane stuffed with explosives"? What was their reaction?
10. When did Efraim Halevy, Director of Mossad since 1998 (unconfirmed) inform the CIA about a possible attack with "200 terrorists" on America? What was their reaction?
11. Is it true he warned Ariel Sharon not to travel to New York on September 11 to speak at a festival?
12. Did a caller to Loxley Banks, Director Radio Cayman Islands talk show, give several warnings of an imminent attack on the U.S on Sept. 3 -10?
13. The London Times reported that someone from the FAA warned Salman Rushdie not to travel to the United States on September 3rd? If this is true, who was it?
14. Did the FBI investigate the two men who met Mohamed Atta and Marwan Al-Shehhi in Harry's Bar at the Helmsley Hotel in Manhattan on September 8, 2001?
15. Who does Abdullah Abdullah (Northern Alliance) believe killed Commander Ahmad Shah Massoud on September 9, 2001?
16. When and why did he decide to attack Kabul on September 11 at 5:30 PM?
17. When did he decide to invade Masar-i-Scharif?
18. Did the CIA help him provoke a tumult?
19. Did he ever meet John Walker Lindh?
20. Why was Major John Kenny, Commander Wright Patterson Air Base, Dayton placedon high alert on September 10? Did he inform companies in Dayton to shutdown their offices?
21. Why was Colonel William M. Dietrich, Commander Defense Language Institute in Garrison, Monterey on high alert on September 10?
22. Why did one of Kenneth (Ken) Weinbrecht (President SAMS) executives say on September 10, that he was a Wildcard? Ruthless and cunning. Has capability to target US forces and make it look like a Palestinian/Arab act.'"
23. Did Jean-Louis Bruguiere, French anti-terrorism, inform the CIA on September 10 about a possible terrorist attack? If so, what was their reaction?
24. Why did Atta and hijacker Abdulaziz Alomari checke into a Portland, Maine motel (unidentified) on September 10?
25. Why was the Portland, Airport, according to eye-witnesses, in full charge of more military officials and soldiers than usual, weeks before September 11, 2001?
26. Why, as the San Francisco Chronicle reported, was Mayor Brown warned to be "cautious in your travel" the night of September 10? Who warned him?
27. Why did Alex Diamandis, Odigo Vice President of Sales and Marketing, receive a warning on his messenger service about a possible attack on America on September 11, 2001? At which time?
28. When did Dr. August Hanning, President BND (Bundesnachrichtendienst Germany) inform the CIA that "Middle Eastern terrorists are 'planning to hijack commercial aircraft?” What was their reaction? Did he allow an Iranian prisoner in Hamburg call to the CIA in summer 2001 about an attack on America? What was their reaction?

AIR TRAFFIC CONTROL/GLOBAL HAWK

1. Why did Kenneth Waldie, Stanley Hall, Herbert Homer and Peter Gay of Raytheon travel on Sept. 11?
2. Can Global Hawk technology be used for at least 27 hours?
3. Is Global Hawk technology used in commercial airplanes?
4. Did Danielle O'Brien, air traffic controller, inform another air traffic control center about a plane traveling fast southwest of Dulles after spotting it 8:18 AM on September 11?
5. Who was informed and what happened?

THE PENNSYLVANIA CRASH

1. Why didn't Dr. James G. Roche, Secretary of the Air Force try to reach the airplanes in NYC (7 minutes time for McGuire AFB in New Jersey ) and at the Pentagon (10 minutes time)?
2. Did Roche ever try to shutdown the plane in Pennsylvania?
3. Can Roche explain why magazines of that plane were found 20 miles away from the crash? Andrews AFB is 13 miles away. He had one hour and fifteen minutes to respond to the plane that hit the Pentagon. What happened during that time?
4. Can he explain why many ear- and eye witnesses, including workers of the road construction company New Enterprise saw or heard F-16 jets?
5. Why did President Bush say only one week later that he tried to shutdown that plane?
6. Who gave that decision?

DEFENSE ALERTS AND MOVEMENTS

1. Why did George Bush leave Barksdale Air Force Base aboard Air Force One and flew to an Air Force base in Nebraska on 1:48 PM on September 11 and returned to Washington at 4:30 PM?
2. What exactly did Donald Rumsfeld do that day before he arrived at the Pentagon around 3:55 PM?
3. How did Rumsfeld know at 5:30 PM on September 11 that the plane in Pennsylvania could have been headed for one of three possible targets: Camp David, the White House or the U.S. Capitol building?
4. Can he explain why early media reports told us that no squadrons of combat-ready fighter jets have been at Andrews and later changed their reports that they haven't been on high alert only?
5. Why was Air Force Lt. Col. Vic Warzinski, another Pentagon spokesman, so sure on September 11 that aircraft was coming your way?
6. What did the D.C. Air National Guard in Washington do on September 11?
7. Can he explain what those 3 fighters did from 9:40AM until 9:55AM when they finally turned towards Flight 93 and were 60 miles out at 10:06am?
8. Can he explain why Air Traffic Controllers in a Nashua Telegraph article did report an F-16 was circling Flight 93 and was in visual range at the time of crash?
9. Can he confirm a witness report that National Guard F-16's have been at Hancock field in Syracuse NY in the air early that morning before 9AM?
10. How could the hijackers know how to disable defense systems?
11. What was the official reason that fighters of the 305th Air Wing, McGuire Air Force Base, NJ did not intercept the 2nd hijacked plane in NYC? This would have been possible within 7 minutes after 8:48 AM
12. Why did none of the 459th Aircraft Squadron (Andrews AFB) fighters intercept the plane which crashed into the Pentagon? Andrews AFB is 10 miles from Washington DC.
13. Col. Ken McClellan, Air Force spokesman said on September 11, that Mohammad Atta attended the International Officer's School at Maxwell/Gunter Air Force Base in Montgomery, and was seen by eye-witnesses? What was McClellan doing there? Why did he later deny the report?
14. Why did he decide not to shutdown ECHELON base Bad Aibling in Germany as planned for 2002?
15. What is the reason that none of any Air Force fighters reached the hijacked plane in time?
16. Many eye- and witnesses think that the plane in Pennsylvania was shot down. What is the scientific explanation why the magazine of the airplane was found many miles away?
17. Why did Jack Kelly, idefense.com, inform USA Today only 12 minutes after the first crash (8:48AM) that terror groups using Web encryption may have been responsible? And why was he so sure before the second crash at 9:03 PM?
18. Did Kelly serve with the U.S. government where he managed several significant programs for the information warfare and intelligence communities?
19. Did Joseph J. Esposito, Chief of NYPD try to contact the Pentagon at 9:06 AM on September 11? What was their reaction?
10. Why didn't General Elwood "Pete" Quesada of the FAA inform President Bush between 8:15 and 9:05 about four simultaneously hijacked planes? Who did he inform and what was their reaction?

THE WTC COLLAPSE

1. What does Nicholas Scoppetta of FDNY know about the latest reports of the WTC destruction?
2. Can he explain why many witnesses saw and heard more than two explosions in the WTC?
3. Can he explain why both Twin Towers and Building 7 collapsed in that way?
4. Can he explain why a gas tank was in Building 7?
5. Can he explain why there were no passengers in the subway under the WTC?
6. Can he explain why there was no guard at the gold reservoir under the WTC?
7. Why did Dr. Jeffrey P. Koplan, Director CDC prepare, as CNN reported, emergency-response teams on September 11 at 11:16 PM?

MISCELLANEOUS

1. When did Dr. August Hanning, President BND (Bundesnachrichtendienst Germany) inform the CIA that "Middle Eastern terrorists are 'planning to hijack commercial aircraft?" What was their reaction? Did he allow an Iranian prisoner in Hamburg call to the CIA in summer 2001 about an attack on America? What was their reaction?
2. When did Tayseer Allouni, Kabul correspondent Al-Jazeera, receive his first video from Bin Laden? Can he explain why the first video on October 7 2001, the day of the retaliation, looked like it was recorded in the morning?
3. Did Tom Simmons (former U.S. Ambassador to Pakistan), Karl Inderfurth (former Assistant Secretary of State for South Asian affairs) and Lee Coldren (former State Department expert on South Asia) decide or announce in a July 2001 meeting that an attack was planned on the Taliban in October 2001?
4. Why did Ms. Barbara Bodine, US ambassador to Yemen stop John O'Neill from investigating Al-Qaeda accounts in July 2001?
5. Did Niaz Niak, former Pakistani Foreign Secretary say in mid July 2001 that the USA planned military action against Osama Bin Laden and the Taliban?
6. Did Hameed Gul, retired Pakistani general of Pakistan's Inter Services Intelligence, say that a secret service was involved in the attack on America?
7. Why did Tommy Thompson, The Secretary of the Department of Health and Human Services, and other Bush cabinet members meet secretly (i.e. illegally) in Oct. 2001 with officials of the Pharmaceutical Research and Manufacturers of America (PhRMA) to develop plans for their Emergency Preparedness Task Force? Why did he decide on October 25, 2001 to ask Congress for another $500 million to produce Acambis's smallpox vaccine?
8. Why did it take 4.5 hours until Jean Marie Malecki, Director Palm Beach County Health Department, picked up the phone for employees of the AMI-Building, Boca Raton? This is where editor Bob Stevens got anthrax. Why did she wait two days before she visited that building again?
9. Why did Mayor Guilani sell WTC rubble to India for recycling and also China? Who made that decision?
10. What was the purpose of U.S. Ambassador Wendy Chamberlain's phone call on October 10, 2001 to the Pakistani oil minister? Why was she sure that a previously abandoned Unocal pipeline from Turkmenistan across Afghanistan to the Pakistani coast for the purpose of selling oil and gas to China, was back on the table in view of recent geopolitical developments?
11. What exactly was found on Z. Moussaoui's computer after 9/11, when local agents were given a Federal Intelligence Security Act (FISA) warrant, which they had requested six weeks previously? This ties directly into the question of the administration's dealings with the Taliban, its reluctance to investigate Saudi nationals, etc.
12. Why the attack on Cynthia McKinney for asking: 1) why has there been no investigation of the 9-11 attack? and 2) did Bush/CIA/NSA know of it beforehand, and allow it to happen?
13. Why is the Bush administration so strongly against a real investigation into the events of 9-11?
14. Why did the US give 43 million dollars to Afghanistan back in May or June of 2001? 15. Why did Bush toss the Hart-Rudman terror security study (developed over a 2 year period) and instead assign responsibility to Cheney and FEMA?
16. Why did Ashcroft stops flying commercial, citing an unidentified "threat" in July 2001? Why did the FBI and Justice not identify the form, origin and time of the threat?
17. Why did Bush stay in Texas for the month of August and Cheney in Wyoming?
18. Why no photos or videos of the Pentagon plane? And there's not a single credible frame of film or second of video of this? Also, why hasn't a similar flight path graphic ever been published?
19. Why didn't the Secret Service hustle Dubya out of the classroom a half-second after Andy Card told him, "Mr. President, the nation is under attack"?
20. Why did they leave him exposed to danger for two and a half minutes in the classroom and another half-hour in the school before he returned to the relative safety of Air Force One?
21. Where was George H. W. Bush at the time of the attacks?
22. Why did passengers or crewmembers on three of the flights tell people on the ground that the hijackers had "box cutters"?
23. Where are the flight recorders?
24. How did they find a passport that just "happens" to belong to one of the hijackers in the WTC rubble and they can't locate even ONE flight recorder?
25. Why no investigative reporting of the Pentagon scene? The photos do not show much, but then photographers were not allowed, initially, to photograph the scene, if I remember correctly.
26. Why was the series of recommendations Al Gore also put together in 1996 on airport security called by Republican congress "paranoid" and too harsh. Why did the airline industry, lobbying against it, consider it too expensive and impractical?
27. Why was the Hart-Rudman report on the potential dangers of terrorism in the homeland? The results of the research ignored by Bush?
28. Why were FISA warrants disallowed by Bush?
29. Why did the US pull the plug on Muslim websites Monday September 10, 2001?
30. Why did the Saudi bin-Laden-group have a website with a PRE-SET expiration date of Sept. 11, 2001?
31. Why were the bin Ladens flown out of the U.S. on private jets the day after the 9/11?
32. Why did Cheney say that everyone in the White House started taking Cipro on September 12 when the first anthrax letter wasn't postmarked until September 18?
33. Why did Bush dissolve the Bin Laden Task Force? What would have happened had this focused and knowledgeable group been in place 9 months before 911?
34. Why was metallic debris found 8 miles from the crash site of the plane that went down in Penn? They said it went straight down and left a small hole in the ground. If they found metallic debris from the plane 8 miles away it was either shot down or a bomb exploded in the plane.
35. Why did they not let the media or any reporters take video or photos of the crash site?

Sun, 09/11/2011 - 14:31 | 1656795 plocequ1
plocequ1's picture

Four words.. Too long and fugly. 

Sun, 09/11/2011 - 14:42 | 1656837 WestVillageIdiot
WestVillageIdiot's picture

I didn't read every point on it but I did read quite a bit.  The one that literally had me laughing out loud was the one that read, "Is Tony Blair a bi-sexual?"  That is funny. 

Sun, 09/11/2011 - 16:28 | 1657128 Hephasteus
Hephasteus's picture

The promis software stuff is terrifying.

Sun, 09/11/2011 - 21:22 | 1658153 slewie the pi-rat
slewie the pi-rat's picture

jeeez! 

nice work, T_H!

unfortunately, many zeroHeads may have left the page b4 you put this up, so please put it up again sometime, if you feel it might help.  others, like fukhead plocequ_1 find things "too long" if over a para, and just react to form, not content, and are not old enuf yet to or well educated enuf to understand that may be about them, and not your thoughts and ideas which seem "fugly" as they project their inner conflicts and self-estrangement onto others and just can't read or digest anything more than a short story

when we have many somewhat capable bloggers here still "reporting" what is "happening" on the MSM as a "joke" even

i cld go on and on about the psychology involved, but you sure don't need it and others have left

so, thanks again.  this is exactly what our "justice" dept should be doing.  a mature, well-trained lawyer would design a "case" and/or hold a "witness's" feet to the fire in just this same relentless, perfectly logical, fashion, but the goobermint is "working" for criminal interests and thus, these questions, which shoulda been investigated by the full force and power of our sovereignty as a "people" will never be asked

after nixon resigned rather than face prison or the gallows, and was "pardoned" by gerald ford (so the nation could heal) ford/kissinger/nelson rockefeller appointed him (bush I) head of the CIA in 76, before ford got defeated by carter, who brought in turner in '77

altho everyone over the age of 7 at the time of JFK's assassination remembers exactly where he or she was when (s)he heard the "news", george h.w. bush does not "recall" where he was, when asked.  others say yeah, he was in dallas; no doubt about it.  why wld he L-I-E and say he can't rememeber?  answer: his fascist puppet masters don't want the info in the MSM?  the idea that iran contra was dreamed up by reagan or lt. col. ollie north is absurd, so i'll leave it to others to connect certain dots

i'd hate to get 3 junks from the goobermint trolls, ya know!

is zeroHedge still getting r.paul adveriZing?  the spybots sure don't put it up for me, if zH is still raking it in from that "chosen" candidate  of t.d., who will, if elected, "fix" the country b/c prez0 just conned all his peeps, and a republicunt would never do that, right?

support ralphie-boy nader!  he's running, will be on the ballot in all 50 states (again) and he has Z-Z-ZERO chance of winning!  just ask "anybody"!

thanks again!

Sun, 09/11/2011 - 14:21 | 1656767 equity_momo
equity_momo's picture

The 2011 euro vintage is a classic : a bouquet of rich horseshyte with heavy tannins and a ripe bullshit after taste.

Sun, 09/11/2011 - 14:45 | 1656847 WestVillageIdiot
WestVillageIdiot's picture

But you aren't supposed to swallow.  You are just supposed to swish it around and then spit it out.  A married woman can show you how that is done. 

Sun, 09/11/2011 - 14:34 | 1656808 jm
jm's picture

Alright.  I've been wrong about gold for a such a damn long time, I admit I'm an idiot about it, so walk me through this. 

If a Greek default starts a cascade of defaults a la Greece -> Ireland -> the European banking system, wouldn't this cause people to book profits in gold to cover margin?

If it doesn't start a cascade of defaults, how will kicking a deadbeat out of the EU not be positive for the euro?

 

 

Sun, 09/11/2011 - 14:39 | 1656826 equity_momo
equity_momo's picture

You're thinking within the rationale of a ponzi. A ponzi scheme can cause a normalcy bias that's hard for our little brains to overcome. Its a new Dawn. Think outside the box.

Sun, 09/11/2011 - 14:48 | 1656833 jm
jm's picture

I'm man enough to admit I've been wrong.  Thanks for being a total dickhead.you

EDIT:  Nice of you to change "your little mind" to "our little minds".  Sheesh.

Sun, 09/11/2011 - 14:48 | 1656856 WestVillageIdiot
WestVillageIdiot's picture

Hi, Jim, I've been thinking about this a lot lately.  When the shit hits the blade would you rather measure your wealth in dollars, Euros or gold?  We are trained to measure in dollars and Euros so that makes me think we should be thinking of gold. 

There is less than 1 ounce of gold per human on the planet.  The national debt that we admit to would equal over 2,000 Federal Reserve Notes per man, woman and child on the planet.  That is just what we admit to.

Anybody that has been brought up on the English system of measurement has a hard time suddenly thinking in terms of the metric system.  You have been raised on the dollar system.  Now is the time to be thinking in terms of something else, most likely the metals system. 

Sun, 09/11/2011 - 15:27 | 1656950 jm
jm's picture

I don't disagree with what you say.  My problem is that if something is levered, the ultimate money is what it has been levered with... dollars.  I have trouble getting around that.

I suppose what short-circuits this effect is that deep pockets like China trade out of a massive store of dollars (treasuries) as soon as gold hits any dip.  So why would they keep buying it after it trades way out of historical norms and not substitute into another metal?

Another thing:  if one the reasons for buying gold is as a currency hedge, then how can the stabilization of the euro by letting default happne be anything but negative for gold?

Sun, 09/11/2011 - 22:04 | 1658266 tip e. canoe
tip e. canoe's picture

"There is less than 1 ounce of gold per human on the planet."

more than enough for everyone, if one knows how to use it.

Sun, 09/11/2011 - 14:51 | 1656868 equity_momo
equity_momo's picture

Hey dude. There was zero change. Complex?

Sun, 09/11/2011 - 15:59 | 1657056 Hulk
Hulk's picture

wrong again jm. post can't be edited after a response. But thanks for playing...

Sun, 09/11/2011 - 14:47 | 1656854 equity_momo
equity_momo's picture

I see you still have some work to do.. Don't be bitter you've missed an easy 2 bagger in gold in 3 years , there's still another double up at least in store. And relatively that will feel like a 10 bagger as your yo yo paper tracks zero.

Sun, 09/11/2011 - 14:57 | 1656885 Jack Sheet
Jack Sheet's picture

To return to the subject of the post. Roesler is regarded by many as being an amiable but limpid pr**k, who has been ridculed  by the German press for being incapable of leading the Free Democratic Party after having ousted its previous leader. The FDP is running at under 5% in opinion polls and will therefore probably not make it into the Bundestag after the next election in 2013. So it unfortunately makes no difference what he puts into his op-eds - and this one is a lot of flowery prose.

Sun, 09/11/2011 - 15:30 | 1656982 fxrxexexdxoxmx
fxrxexexdxoxmx's picture

to restore the functioning of the State concerned, possibly by the temporary limitation of sovereignty

Temporary  means that this debt is how Germany removes the government and puts in place their bankers to rule PIGGS foever.

Sun, 09/11/2011 - 17:04 | 1657270 sambro
sambro's picture

That's the key. "Limitation of sovereignty" is the definition of occupation. The Greeks invented democracy... to end up with limitation of sovereignty?

Greece, hurry up and get out of Feudal EU before it's too late. The bankers who gave loans for to finance their own exports should take the losses. They didn't finance production and then knew it - it's their fault, such loans are impossible to return.

Default and get out - the only sane solution.

Sun, 09/11/2011 - 15:32 | 1656992 Tuffmug
Tuffmug's picture

TPTB want you to in a continual state of fear. Greece WILL NOT default unless THEY WANT IT TO DEFAULT! All this Greek and Italian default and bankruptcy bullshit fearmongering is designed to herd investors into negative real yield sovereign debt. This is the mega financial repression scheme of the world's central bankers, allowing them to expand debt substantially at no real cost, providing the cash flow to continue the fiat Ponzi, while stealthily confiscating the accumulated wealth of the prudent via negative real yields and inflation. 

Sun, 09/11/2011 - 15:36 | 1657004 Grand Supercycle
Grand Supercycle's picture

Updated SP500 monthly chart at blog.

My long term indicators continue to warn of significant USD strength and AUD / NZD / EUR etc weakness and these signals have increased since 2009.

Unfortunately the March 2009 equity lows eventually will be breached.

http://stockmarket618.wordpress.com

Sun, 09/11/2011 - 16:21 | 1657105 ConfusedIdiot
ConfusedIdiot's picture

FYI.. Flew back from Istanbul into Athens Friday nite prior to catching a Sat morning flight to Newark and then back home to San Miguel, Mex. Only EU passport carriers could walk through. Two "emergency" passport greeters were on hand for the hundreds of the "foreign arrivals".. We all spent the evening seeing the first signs of Athens without dough. Was planning on taking the metro from airport down to Monastiraki for a Gyro and a Mythos. No one at the booth to sell us a ticket. Oh and the TAXIS WERE ON STRIKE>>> no one leaving the airport... Gonna be fun. Regards CI

Sun, 09/11/2011 - 16:28 | 1657127 Ursa Major
Ursa Major's picture

"100% certainty" - what utter nonsense! There were once only two things certain in life, and since the Greeks are widely reported not to pay taxes, that leaves only one...There is a real possibility of a Greek default, but anyone seeking to attach a numerical probability to what is essentially a political choice it is smoking dope.

The question is whether - if the market is really  pricing a 100% certainty (or 91%) whether it is not worth a punt against a default. The assets should be trading near option price. Maybe the Black Swan in this case is a non-event.

Sun, 09/11/2011 - 16:52 | 1657224 JPM Hater001
JPM Hater001's picture

So, isn't the point of sovereignty that you answer no higher authority? Well eurozone aside. So here is your bankruptcy rule: you lose everything...it's called capitalism and the mal-investment needs to stop.

You know what they say...when something is unsustainable eventually it will cease to be sustained.

I love Hayek.

Sun, 09/11/2011 - 17:32 | 1657387 brother randor
brother randor's picture

Wie bitte?

Welche Sprache ist: "Europe does not grow by centralized bodies diversity"?

Mon, 09/12/2011 - 02:54 | 1658697 Grand Supercycle
Grand Supercycle's picture

My long term indicators continue to warn of significant USD strength and AUD / NZD / EUR etc weakness and these signals have increased since 2009.

Unfortunately the March 2009 equity lows eventually will be breached.

Updated SP500 monthly chart at blog.

http://stockmarket618.wordpress.com

Tue, 09/13/2011 - 22:10 | 1666031 moxia19
moxia19's picture

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