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Global Economic Collapse For Dummies
Forget the complicated flowcharts, scenarios, and government-banking-system reacharounds, the global economic collapse has never been so easy to comprehend...
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Don't you mean Dominos delevered? :)
Can you do that again? With politicians and central bankes? First Barroso hitting Van Rompuy, Rayoj hitting Draghi, and in the end, Merkel's head in Bernanke's nuts...
That should satisfy you, American ZH readers..
When two tribes go to war, one is all that you can score.
http://www.youtube.com/watch?v=RTOQUnvI3CA
Hey......that looks like tricky Dick Ben explaining once again why we must bail out the people of Vietnam banksters.........ummm.........never mind.
They are hiding in the Parrots Beak with Mr Deaks...
Italy and Spain is the Bernanke Doctrine in its purest form.
I suppose the strategy must be to carpet bomb the shit out of the Yen, and the covertly move through Italy and Spain to cut off the supply lines coming from...ugh...never mind too complicated. I like the dominoes though. :)
Excellent! Thanks for that. Now, what happens when someone pushes the big one over first?
A better quesiton is will someone start standing the dominoes up in a simmilar arrangement after they fall? Or will we truly have a "paradigm shift"?
forget the reacharounds?
Must be a cocksucker relative to Bernake there tipping the first one.
+10 for the cocksucker reference.
+20 for correctly using cocksucker in a full sentence. :)
http://www.youtube.com/watch?v=qWA9ha_GcVg
LMAO.....I need to fuck something cocksucker....Quick (as in Becky) come here!
"I blew the cocksuckers head right off his neck" nice...
Naw. That guy's got "Physics Prof" written all over him.
How does an account at Scottrade lockup such that you can't cash out of it when the big one falls?
Are they owned by JPM or GS or do the exchanges lock them out?
How is that going to play out over a timeline?
get out while you can
Thanks I believe you are right.
Anytime there is an issue with liquidity, a firm can freeze accounts - then sort it out later. In the mean time, you are out of luck and hoping the issue isn't something that involves mismanagement or fraud.
ask any MF Global client.
Let's reprice and stop fooling around.
Let's reprice and stop fooling around.
Can't do that, it ruins the master plan for a world return globally to National Socialism.
Looks like a butterfly wing...
(Chaos theory)
So the US doesn't have to worry until Japan tips? Whew.
It is too bad global finance is not that linear in real life. it is more like a bunch of matches standing in a pool of gasoline, and someone is waving a high powered laser about. If the laser beam hits any one of the matches, the fumes ignite, burning everything.
Ask Kyle Bass...
Time to call Jon Corzine. He'll fix the problem.
LOL
I'm not that desperate.........not yet at least
Can we just jump to the big domino and get it over with?
That's call real capitalism or Austrian Economics. See Ron Paul...
Where's China?
building empty cities out of dominos.
The empty cities exist because the Chinese people would prefer to live in dilapidated apartments and homes packed like sardines with 3 generations then spend their money to move up in living standards. Their most recent famine was 1958-1961 -They do not trust their govt and are very frugal because of it.
http://www.jstor.org/discover/10.1086/452319?uid=3739560&uid=2129&uid=2&uid=70&uid=4&uid=3739256&sid=47699068250987
Seriously Tyler. Not only are there no SNORG tees ads, but now its national diaper day.
WTFFFF?
The ads you see are often a function of your computer's cookies.
Where have you been surfing to attract diaper ads? :>)
http://www.depend.com/
chucknorrisdotcom
Cookies.... figures. So I guess I share my computer with an incontinent old man.
Ouch.
That's gonna leave a mark.
I only have one word to say.......meh
The 'Meh' girl is a man.
Those are labia, not balls. Albeit big labia, but labia nonetheless.
I don't know man, I don't know.
But I tell you this...I sure as hell am not going to take that chance.
Wait....I only saw one labium - what am I missing?
A butterface with less than meets the eye...
reminds of this chick back in school that had the nickname "Hang 10" until one guy coined "Batgirl" and it stuck.
Nice healthy female, not the skinny little hookers in "sugardaddy dating
And I thought it was just me noticing this.
That's not your mother she's a man baby:
http://www.youtube.com/watch?v=WgOIEGz7o_s
"Beaten by an ugly stick" never gets old.
And I'm still a five year old at heart. :)
Ya can't say you never saw that coming. If only everything were as easy to predict as the outcome of this demo.
Is this the catalyst for the inevitable? (fm. nakedcapitalism.com - 6/5/12)
But the real stunner comes early in the report, and the media write ups thus far seem to have missed it completely. Recall that the trade that felled MF Global was one directed by Corzine, and has been depicted as a repo-to-maturity trade, in which the maturity of the repo matched that of the underlying asset exactly. That in turn allowed the trade to be treated as off balance sheet, which was helpful in presenting the firm’s results to ratings agencies and analysts....
Among the lines of business that Mr. Corzine built up to attempt to improve profitability at MF Global was the trading of a portfolio of European sovereign debt securities. These trades provided paper profits booked at the time of the trades, but presented substantial liquidity risks including significant margin demands that put further stress on MF Global’s daily cash needs.
The European sovereign debt trades were structured as “repos to maturity” (“RTMs”). In these transactions, sovereign debt securities purchased by MFGI at a discounted price were repoed back to its affiliate, MFGUK. Because the termination of the RTMs between MFGI and MFGUK was the same date as the maturity of the sovereign bond, accounting rules allowed MF Global to account for the RTM as a sale, and therefore record an immediate gain on the sale, while removing the transactions from MF Global’s consolidated balance sheet. The corresponding repo transaction between MFGUK and LCH.Clearnet (previously known as the London Clearing House (“LCH”)), however, was for a term two days shorter than the maturity date of the underlying bonds. This disparity meant that MFGUK — which turned to MFGI to provide funding — would ultimately have to finance the sovereign bonds for the two-day window, thus increasing the amount of cash MFGI needed to maintain the RTM portfolio. In addition to addition to this liquidity risk as between MFGI and MFGUK, MFGI continued to bear the risk of default of the bonds themselves…
HAHAHAAHAHHAHAHAAA!
Oh wait. This ISN'T funny!
Does anyone really believe that Spain and the UK, drowning in debt, can recover? At least UK doesn't get their debt rollover shock until 2035. Spain gets it NOW!
http://confoundedinterest.wordpress.com/2012/06/05/spain-warns-market-ac...
Heck, I don't believe that the US can recover...
Curous as to when this was made. Iceland? Today?
There is actually a deeper lesson in this video that is quite useful and that is if we let the little things in our life get out of hand they will lead to bigger problems and then a final collapse.
Quote from President Obomber & Mittens Romney:
"Uh, I don't get it".
All politics is local and in the United States many of the dominoes are beginning with city and state budgets.
As Wisconsin public sector unions attempt to oust Governor Walker in a recall vote today for his cuts in government spending and curbs on public sector union bargaining power, the San Francisco Chronicle, in a cover blockbuster, has listed the “top 100 donors who influence state campaigns the most in California.
Donations in millions by the Top 5 GROUPS to all California campaigns between 2001 and 2011 are as follows:
California Teachers Association - $118.2
PhRMA - $71.6
Pacific Gas & Electric - $66.9
Pechanga Band of Luiseno Indians - $52.6
California State Council of Service Employees - $50.7.
The GROUPS’ “Top 50 to Candidates” totaled $91.6 million with Democrats receiving $69.2, Republicans $20.6 and Other, $1.8.
More than a third of the Teachers Association money went to fight four Gov. Arnold Schwarzenegger’s attempted government overhauls in 2005. “The measures, all of which failed, would have expanded the probationary period for teachers, altered the formula for funding public schools, required employee consent on union dues and removed re-districting powers from the Legislature.”
“Eight tribal governments made the list of top special-interest donors. But two stood out: The Pechanga Band of Luiseno Indians and the Morongo Band of Mission Indian spent a combined $80 million in 2008 supporting four propositions to expand tribal gambling operations. All of the measures passed.”
And on cities facing budget bankruptcy, many politicians in the nation are watching votes today in San Diego and San Jose where ballot reforms would attack union pension plans. In San Jose, pension plans alone account for 25 percent of the total budget. San Francisco and Los Angeles have pension costs amounting to approximately 23 percent of their total budgets. Reform advocates say the pension costs are rising each year in as much as double digits and in San Jose’s case, could soon reach 30 percent of the total budget.
Possibly the best video of all time.
Definitely beats "Battleship"!
Leverage, bitche$
Activation energy, bitchez!
This is very bullish for the "Riots & Unrest ETF". Most major US cities will eventually resemble Detroit.
There is no avenue for job growth, especially for the young.
Do not underestimate Germans. They have started Der Prozeß and it will be continued until Eurozone start working like BMW M5. If the DNA of Greeks must be reconfigured, so be it! :) This is just the revving up phase, see first what blows up in the engine...
I say we are at 11 seconds on the second take!
Bankers or blood-sucking Vampire Zombies from North Carolina?
Bank of America’s Merrill scandal reignitesThe NYT reports former CEO Ken Lewis admits shareholders got bad information
By Ryan Chittum
TAGS: Bank of America, Gretchen Morgenson, Merrill Lynch, Securities and Exchange Commission, The New YorkThe New York Times’s Gretchen Morgenson has a big story today on how Bank of America fooled shareholders into approving its ill-fated merger with Merrill Lynch.
Former CEO Ken Lewis, the business genius who drove his bank into quasi-nationalization with two of the worst acquisitions of all time in Countrywide and Merrill Lynch, has testified in a civil suit that he and his executives misled shareholders on the Merrill deal, Morgenson reports. Lewis says that before shareholders voted to approve the deal, he and other executives knew Merrill’s losses had intensified dramatically and intentionally failed to inform them. He didn’t even tell his board of directors until after the vote.
Where is the Dumbocrat convention this summer?
TIMBERRRRR!!!
The pen is mightier than the sword....
Who you calling dummy, dummy?
http://uvtblog.com/wp-content/uploads/2009/06/dear-ba-dont-take-the-bet-...
For a slightly more long winded video watch Chris Hedges. He succintly documents the rise of facism, and the establishment of a reality making class.
http://thegallopingbeaver.blogspot.ca/2012/06/chris-hedges-at-congress.html
Interesting how when it got towards the end, the larger blocks were propping each other up, until the "Global" block...then they all hit the ground simultaneously. "It will go very slowly...until it doesn't!"
A picture is worth a thousand words...
The EU economy is larger than the US economy.
Dominoes!
If the economies of the world were really decoupled there would be no need for offshoring productive employment to Chinese slave labor, the IMF, currency swaps, bailouts, LTRO, ZIRP, or the general theft and legerdemain of the Financial Engineers and their bought Politicians.
Must be American to do that stupid picture. Even EUROZONE is at par with US in terms of GDP, not to mention all hulabaloo party of 27. Must be a bitch for you refugees from Europe that the grandgrandgran...children of those who your ancestors left behind are putting up a DECENT FIGHT AND ARE WINNING OVER YOU YAHOOS! BOO-YAH THAT YOU FUCKS! :)
Keep on stacking!
The current global economic model has only been around for about 40 years(floating exchange rate)--just listening to all the economic guru's out there you would think that it has been around for forty forevers.
So the real impetus for the impending global economic collapse was some curly-haired dude with a bald spot?
Today I am extremely sad as of the news Bob Chapman has passed away. A truly good man and truthteller of the political/economic environment
http://sgtreport.com/2012/06/we-will-miss-you-bob/#comment-21333
Thanks for the word, bbob. It is indeed sad when one of the defenders of right passes. RIP, Bob Chapman: A good man who will be sorely missed.
I wonder if this guy is a econ prof....it would have been fun to have had him as a prof!!
Still, I think the last big domino should have been filled with nitro and exploded as it toppled over. Sweet....
It got me thinking. After the collapse, will the Costco be empty? Will I never be able to go to Starbucks again? Will they still have American Idol? Will I have to eat more local vegetables like turnips? Oh what a sad world it will be.......
The sheep will still not get it
No they don't. Another distorted attempt to create fear by claiming the end is near unless we....
<In a panicked TPTB girlie voice> We must finalize our transformation in connecting Europe & United States into one fluid slush fund. We must leave all options on the table for our success to prevail. Our collective efforts must not be lost at the battle front.
/sarc
wait, what about the FIREWALLS? err, I means stabilization funds, wait, what about the...the...aww fuck it.
Pol Pot was stock piling human bones to make "snuff dominoes" for an exotic niche market of ex-dictators....there really was a domino theory ! MDBoner....please include your participation here on Zerohedge in your resume....so they can see all the good will and business you will bring with you ! Who has been ragging incessantly about all the proctology chart over kill ? Monedas 1929 Comedy Jihad Impertinent Prescience Tour
Global Financial Collapse For Dummies.
Fixed it for you, ZH.
ZH is correct, who needs flowcharts and 1000 word descriptions. In the words of my favorite financial letter writer, the Mogambo Guru, "Buy gold, silver and oil. Whee! This investing stuff is easy!"
"We never saw it coming"
American Bankers Association
Huh, i don't get it...