Goldman Sachs On Italy: "What's Next"

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Tue, 11/08/2011 - 16:29 | 1858014 wang (not verified)
wang's picture

What's next is that our man Monti is in the casa

Tue, 11/08/2011 - 16:37 | 1858071 Ethics Gradient
Ethics Gradient's picture

I can tell you that "What's Next" will not be a Italian Government of National Unity.

Tue, 11/08/2011 - 17:06 | 1858198 Sudden Debt
Sudden Debt's picture

I'm only interested in:

China next with it's 174% debt to gdp?

Ireland & Portugal defaulting?

5 more European banks being nationalized with 3 of them in France?

KBC in Belgium also defaulting pulling Belgium down the gutters?

Isreal launches preemptive nuclear strike against Iran, Syria & Egypt?

Who knows :)


Tue, 11/08/2011 - 17:23 | 1858299 NotApplicable
NotApplicable's picture

Only three days until 11/11/11.

Place your bets!

Tue, 11/08/2011 - 17:34 | 1858339 Leopold B. Scotch
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11/11/11 officially kicks off the 12/12/12 season!

There's a massive shit-low that's spent the last decade forming above the shit-riddled, steamy financial waters beneath the global financial system.  Yes -- the conditions are ripe for a Category-11 Shit Hurricane. It is now coming to shore

(Don't tell me the scale "only goes to 5".  This one goes to 11.  And not because we're nearing 11/11/11...  although that comes into play.)

Tue, 11/08/2011 - 17:50 | 1858396 CrazyCooter
CrazyCooter's picture

You mean, like this?

I am at work, so I can't dig up that trailer park tv show with the drunk talking about shit-pressure from the shit storm and the goofy guy in coke bottle glasses is freaking out ... so I will defer to someone who can.



Tue, 11/08/2011 - 23:44 | 1858358 TruthInSunshine
TruthInSunshine's picture


The Illuminati are so ingenious, with such a cynical sense of humor, also.

I can hardly await the trick or treat they're going to unwrap for the plebes.

If only I could break their code!


And on 11/11/11, as in many coded dates past, the Illuminati sayeth onto the plebes:

Trick or treat

Bow before our feet (since we [mistakenly] believe that we are all knowing)

We're going to shove up your asses something really neat

Tue, 11/08/2011 - 17:44 | 1858373 SMG
SMG's picture

I wonder if anything is really going to happen.   It's almost too obvious.  Seen 11/9 mentioned too.  Guess we'll see. 


Tue, 11/08/2011 - 18:12 | 1858485 d_senti
d_senti's picture

Would someone mind explaining to me this 11/11/11 deal? I've seen it mentioned in a few places. I assume from the comments below that it has to do with Illuminati or somesuch? Or 11/9. Thanks.

Tue, 11/08/2011 - 18:36 | 1858548 SMG
SMG's picture

Part of the Illuminati religion in addition to Lucifer worship and you believing yourself to be a god, is a belief in "sacred" numbers.  3, 9, 11, 13, 33, 666  for example are believed to have special power.  There are sacred numbers hidden in some of the Illuminati controlled companies logos (see the three elevens in Bank of America's logo)  The modern illuminati religion is actually a patchwork of several different ancient religions.   One of those is Pythagoreanism  That's where the numbers/mathematics have mystical meanings idea comes from.

They are devil worshipers after all, so they save the real evil events for dates or locations that correspond to mystical numbers.  11-11-11 could be one of those dates.   But we'll just have to wait and see, only they know what they're going to do and when.  That's the advantage of running the world via a secret closed society.

Tue, 11/08/2011 - 19:37 | 1858787 d_senti
d_senti's picture

Interesting. Thanks for the response. Have any sites that demonstrate the connection to the numbers? Three is of course a sacred number in most religions (completeness/Trinity/trimurti/divinity). Nine is 3 squared, which is common in sacred numbers. Eleven...the faithful Apostles? Or perhaps the ten emanations of God in Kabbalah plus one (God)? 13, just one and three obviously, or Christ and the Apostles/Master and Disciples. 33, 11x3 or the age of Christ. 666 needs no explanation obviously. But can you demonstrate the connection between Illuminati beliefs and a particular obsession with these numbers? 

Mostly curious now, regardless of whether there's anything to 11-11-11. I always found Gematria (et al.) very interesting, as it's even quite prevalent in the Bible (the 3, 4, 7, 10, 12 scheme which fits virtually everything in there for various reasons).

Tue, 11/08/2011 - 17:38 | 1858343 The Big Ching-aso
The Big Ching-aso's picture


A Little Italian Nursery Rhyme (translated)

'This little piggy went to the bond market.

This little piggy worked with the ECB.

This little piggy ate gyros and rioted.

This little piggy had none, zippo, nada, bubkus, zilcho.

And this little piggy went wee wee wee and then Lira'd all over the Euro, the USD, and every other fucking currency in existence.'

Tue, 11/08/2011 - 18:16 | 1858499 Sudden Debt
Sudden Debt's picture

+10 :)

Tue, 11/08/2011 - 16:29 | 1858025 WALLST8MY8BALL
WALLST8MY8BALL's picture

Do they want the Trevi Fountain or the Isle of Procida? Hmmmmmmm

Tue, 11/08/2011 - 17:11 | 1858218 Sudden Debt
Sudden Debt's picture

Trevi would look great in my back garden!

I wonder when they put it on Ebay!

Let's hope shipping costs won't be to much....


Tue, 11/08/2011 - 17:12 | 1858226 I am a Man I am...
I am a Man I am Forty's picture

OT:  Does anybody know who provided the short term lending to MF Global; the primary player who pulled the plug on them?

Tue, 11/08/2011 - 17:24 | 1858308 NotApplicable
NotApplicable's picture


Tue, 11/08/2011 - 16:30 | 1858028 sabra1
sabra1's picture

the worst scenerio for markets is when the rumours stop coming!

Tue, 11/08/2011 - 16:40 | 1858073 hambone
hambone's picture

The "un-rumor" (reality) is"

Brent crude @ $ much for "transitory inflation"

Tue, 11/08/2011 - 17:27 | 1858313 CrashisOptimistic
CrashisOptimistic's picture

That is truly that.

The only thing that matters is a refinery has to pay $115 for a 42 gallon barrel of oil in order to make gasoline to push Italian cars and trucks and scooters around to the tune of 1.7 million bpd of consumption ($71 billion/year).

They are draining 4% of GDP out to whoever will sell them that oil.

The rest of this bullshit is handwaving.  Oil is all that matters.

Tue, 11/08/2011 - 17:46 | 1858383 Ruffcut
Ruffcut's picture

Yes, that makes sense. Tylers, so when are you coming out the with zh rumor indicator available on TOS. Chickens flying, shit flying graphics.. that sort of thing. Xbox apps for trading.

A new trading platform is born...

Tue, 11/08/2011 - 16:29 | 1858029 AldoHux_IV
AldoHux_IV's picture

Yields will go higher if a political party dares to confront the 3 stooges aka Troika aka GS et al.

Tue, 11/08/2011 - 16:39 | 1858031 Kitler
Kitler's picture

"In conclusion, we are most probably approaching the highs in Italian yields (currently around 500bp over German Bunds in the bellwether 10-yr sector, and 600bp in 2-yr maturities)..."

The squid has spoken.


Tue, 11/08/2011 - 17:24 | 1858221 common_sense
common_sense's picture

I translate for everybody: BUY BUY BUY


(after Thanksgiving we can talk about selling...even of a crash!, december is good because NOBODY EXPECT A BIG SELL OFF IN DECEMBER...PLEEEEASE.....IS NOT POSSIBLE....HUMMMMM)

Tue, 11/08/2011 - 17:13 | 1858240 Ruffcut
Ruffcut's picture

Sorry, I can't trade squid spew very well. THe slime gets into my keyboard and makes my fingers all a bunch of goo.  Damn, worse than good porn, without any feeling at all.

Tue, 11/08/2011 - 16:33 | 1858044 Manthong
Manthong's picture

"although they would most likely be postponed until the Spring amid market turmoil."

What turmoil?

Things look awful boring and the PPT and rumour mill seem to be very effective market props.

Tue, 11/08/2011 - 16:33 | 1858045 youngandhealthy
youngandhealthy's picture

No shit....the most likely scenario on steroids...


"...In the coming weeks days/hours, the current centre-right coalition of the Northern League and PdL moves to rally round another candidate who can gain wider acceptance domestically and internationally..."


Tue, 11/08/2011 - 16:37 | 1858068 Gief Gold Plox
Gief Gold Plox's picture

Almost sounds like GS has already picked someone to step up to the plate. Hm...

Tue, 11/08/2011 - 17:26 | 1858314 NotApplicable
NotApplicable's picture

They rally 'round tha family,

with a pocket full of shells.

Tue, 11/08/2011 - 16:33 | 1858047 WineSorbet
WineSorbet's picture

And the markets roll along.  Yawn.

Tue, 11/08/2011 - 16:39 | 1858054 SwingForce
SwingForce's picture

Its time now to play, the NEW comedy show: "How Far Can YOU Kick The Can?"

Tue, 11/08/2011 - 16:36 | 1858060 Nothing To See Here
Nothing To See Here's picture

Only thing Italian I am interested in right now is an invitation to one of Berlusconi's parties.

Tue, 11/08/2011 - 16:36 | 1858062 Jim in MN
Jim in MN's picture

Be a great time for Northern Italy to bring up secession, doncha think?

Tue, 11/08/2011 - 16:37 | 1858070 Piranhanoia
Piranhanoia's picture

We get a common denominator.  Never let the people have a say. 

Tue, 11/08/2011 - 16:40 | 1858081 chump666
chump666's picture

Goldman the can kicking bullsh*t is coming to an end.  so forget about your clued up research on a region that you know nothing about, Europe is a zombie.  After Italy, Spains 10yr will blow out then portugal, the ireland again etc etc etc.  it's finished that and you a-holes will get squeezed.  so no running to obama this time.  you will take the pain...

here is the bet silvio says a big f*ck you to you, germany france  and everyone else holding his junk.  he brings back the lira, sends the bond holders to the cleaners, scales back austerity and smokes a fat blunt.  i don't like the guy, but over goldman and the bs from wall street.  l'll take the gangstar

Tue, 11/08/2011 - 16:52 | 1858138 jm
jm's picture

Bunga didn't become a billionaire by being someone's bitch.  Merk, Sark, and the bureaucrats have a tough lesson coming.

Tue, 11/08/2011 - 17:19 | 1858273 Josh Randall
Josh Randall's picture

Goldman rules the world incase you two din't know...OK that does it, you two are going on report, wait until Mr. Blankfein learns about this...

Tue, 11/08/2011 - 17:36 | 1858347 Leopold B. Scotch
Leopold B. Scotch's picture

That's Lord Blankfein to you, Sir.

Tue, 11/08/2011 - 17:59 | 1858437 CrazyCooter
CrazyCooter's picture

And he has the gold reserves to do it too! Well, assuming Italy could keep their trade balanced...



Tue, 11/08/2011 - 17:23 | 1858304 Ragnar24
Ragnar24's picture

Berlusconi is vaguely reminiscient of Enrico Mattei.  Mattei stood up to TPTB of his era and pushed hard for an independent Italy... CIA wasn't too pleased with his ambition though. I just wonder if the politician/mafia version of Mattei will have the balls to tell the Merkozy pussies to fuck off.

Tue, 11/08/2011 - 18:42 | 1858580 chump666
chump666's picture

Excellent point, I think they will. 

Tue, 11/08/2011 - 16:41 | 1858085 RobD
RobD's picture

"be reassured that long-awaited structural reforms to lift the country’s growth rate will be put in place"

Umm and just what "structural reforms" could possibly "lift the country's growth rate"????

What are these guys smoking?

Tue, 11/08/2011 - 16:41 | 1858087 Elwood P Suggins
Elwood P Suggins's picture

Well Old BungaBunga ain't actually resigned yet.

Tue, 11/08/2011 - 16:46 | 1858115 kito
kito's picture

i just called in the bet with my bookie.....ol bunga bunga aint going nowhere. buying time to appease the markets and consolidate power. he is not g-pap.............remember g-pap is a pussy and berlusconi eats pussy. big difference in leadership.................

Tue, 11/08/2011 - 18:17 | 1858504 d_senti
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You stole my picture!

Tue, 11/08/2011 - 16:41 | 1858088 chump666
chump666's picture

i need a drink...scotch right now

Tue, 11/08/2011 - 16:42 | 1858091 quacker
quacker's picture


The reaction of Charles Krauthammer on the Greek referendum, yapping about what a good thing it was that the referendum was cancelled and how the markets dodged a bullet says it all.

They spent decades flapping their lips about people’s right to “self-determination” back when it was all about battling the Soviets. They’re ready to send troops all around the Middle East to knock off governments supposedly to free the poor oppressed Arabs.

But when democracy gets in the way of their stock portfolio and threatens bankster bailouts all bets are off, they’ll shamelessly look right into the camera and tell us what a good thing it is when it gets squashed.


Tue, 11/08/2011 - 16:43 | 1858095 SheepDog-One
SheepDog-One's picture

Lets see....we're all we need to schedule ELECTIONS! Yea...thats the ticket.

Tue, 11/08/2011 - 16:44 | 1858103 wombats
wombats's picture

Does this really matter much?  Seems like same shit every day and nothing ever really changes and nothing ever really happens as a result.  

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