Goodbye Euro, Hello Drachma

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Sun, 09/11/2011 - 18:10 | 1657499 cossack55
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As long as they don't kill the ouzo.

 

Hmmmm DJ Futures down 138 already.

Sun, 09/11/2011 - 18:11 | 1657520 X.inf.capt
X.inf.capt's picture

no kidding, when i was stationed in west germany, 85-87, i was addicted to that stuff.....

Sun, 09/11/2011 - 18:14 | 1657532 cossack55
cossack55's picture

Used to buy it in the hills overlooking the NAMFI firing range on Crete for $1/btl. No label. Very good stuff.  Was never sober long enough to get addicted.

Sun, 09/11/2011 - 18:39 | 1657647 franzpick
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What they should kill is the drachma, then 'do the Iceland' and introduce the new currency, the ouzo.

Sun, 09/11/2011 - 19:21 | 1657801 X.inf.capt
X.inf.capt's picture

they would have the strongest currency in the world.

got turned on that stuff by a REDHEADED girl, got addicted to both....

with an exchange rate of 3DM's to 1usd, we lived like kings....

yep, the good old days....

Sun, 09/11/2011 - 19:24 | 1657823 HarryWanqer
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I hope so.  I'd buy them up and put them with my stash of Iraqi Dinars.  You can't possible lose when the exchange rate is that extreme.

Sun, 09/11/2011 - 19:26 | 1657828 Stax Edwards
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GD counterfeiters LOL

Sun, 09/11/2011 - 20:00 | 1657874 BaBaBouy
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Anyone ???

How do you post a friggin image ?

Sun, 09/11/2011 - 20:03 | 1657943 nmewn
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Become a contributor.

Sun, 09/11/2011 - 23:06 | 1658393 Ahmeexnal
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And cracks start to surface in Switzerland: UBS voices disapproval of SNB peg.

http://www.tdg.ch/actu/economie/ubs-credit-suisse-desaccord-face-taux-pl...

Sun, 09/11/2011 - 23:36 | 1658446 knukles
knukles's picture

But Jim (Doesn't the guy spend any time in the office managing his client's money?) O'Neill says it's A Good Thing.  Bet he got that from Martha Stewart.

Mon, 09/12/2011 - 05:06 | 1658776 Djirk
Djirk's picture

of course this is Wilders holding this.....hater! 

Sun, 09/11/2011 - 20:09 | 1657960 Trying to Understand
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go to a site, such as: http://www.postimage.org/ and load your image there, it will generate a link which you can post most anywhere.

Sun, 09/11/2011 - 20:23 | 1658003 Pure Evil
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Thanks for info.

Sun, 09/11/2011 - 20:51 | 1658099 FinalCollapse
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Thanks - I just tried it, and testing it here. This is an image that I find very funny. The title of this image is fitting: "Ooops".

http://postimage.org/image/2zocavmhw/

 

Sun, 09/11/2011 - 21:02 | 1658129 prains
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was that OJ ?

Sun, 09/11/2011 - 21:37 | 1658196 nmewn
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If the pic don't fit you must aquit!

Sun, 09/11/2011 - 22:03 | 1658263 Ahmeexnal
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2 Legit 2 Quit

Mon, 09/12/2011 - 00:00 | 1658489 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

was that OJ ?

No, it was OT!

Sun, 09/11/2011 - 22:36 | 1658327 Pure Evil
Pure Evil's picture

There, I fixed it for you

http://postimage.org/image/2raw8zxqc/

 

Sun, 09/11/2011 - 19:27 | 1657836 BaBaBouy
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Ole Faithful ... Test

<img src="http://www.freeimagehosting.net/uploads/46a8b23318.gif" border="0"></a>

 

Sun, 09/11/2011 - 19:36 | 1657867 X.inf.capt
X.inf.capt's picture

WOW, i think i just saw uncle ben going to walmart to buy a loaf of bread. circa 2012. america

Sun, 09/11/2011 - 22:48 | 1658346 e2thex
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What was the exchange rate for the red=head? :)

Mon, 09/12/2011 - 00:30 | 1658549 X.inf.capt
X.inf.capt's picture

exchange? free.  you just had to be very careful arourd them. dont piss them off. case in point. of all female sniper aces inrussian army wwll, 62% were redheads...(5 sniper kills=ace). but you treat a redhead with respect and do what she asks, life is awesome, because redheads are passionate, in love and war.......better than mortal man deserves.

Sun, 09/11/2011 - 23:57 | 1658484 thunderchief
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I don't like Ouzo.

I like Pernot.

Viva La France.

Sun, 09/11/2011 - 19:33 | 1657853 Freewheelin Franklin
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and introduce the new currency, the ouzo.

 

HAHA. In colonial New Jersey, applejack was used as currency.

Sun, 09/11/2011 - 20:29 | 1658025 Doña K
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Greeks should have dual currency. Ouzo and Vaseline

Sun, 09/11/2011 - 21:01 | 1658125 X.inf.capt
X.inf.capt's picture

BOHICA.......BITCHEZ

Sun, 09/11/2011 - 22:50 | 1658349 mkkby
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I'm going to catch hell for this, but so what...  The euro isn't going away and nobody's leaving it.  The euro was just a step toward one european gov, and one world gov.

The EU will print, the fed will print, japan will print, swiss... -- everyone will print.  They won't let the political dream die.

The sales pitch is a unified europe won't have another world war.  True, but large parts of the world can and will starve after the bankers take everything worth taking.  The sheeple will eventually vote it in.  What choice do they have?

Mon, 09/12/2011 - 03:25 | 1658736 AnAnonymous
AnAnonymous's picture

The euro isn't going away and nobody's leaving it. The euro was just a step toward one european gov, and one world gov.
::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::::

One world government? Again that?

No. One world government is not in the box.

we've got one side of the world that is on the path of increasing critical mass in order to avoid pay back. Extorters have this in common: they will try to make it so that retaliation on one extorter matter to all of them.

Indeed, Europeans will try to melt into one european in order to achieve. After that step, the US and Europe will try to merge.

This same side also tries to atomize as much as possible the other sides. Because extorters have this in common: they hate extorted organizing themselves in order to resist extortion. Extorters want extorted as unorganized, as isolated, as lonely as possible.

No one world government. Just one side of the world that is fleeing ahead in order to avoid pay back by diluting more and more its responsibility.

Mon, 09/12/2011 - 03:57 | 1658754 DaBernank
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The League of Nations will make a come back.

Mon, 09/12/2011 - 09:58 | 1659341 X.inf.capt
X.inf.capt's picture

lets hope not......

Sun, 09/11/2011 - 18:43 | 1657661 DoChenRollingBearing
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"Was never sober long enough to get addicted."

Nice line!  Green!  Green reminds me of absinthe....

Sun, 09/11/2011 - 20:12 | 1657970 IQ 145
IQ 145's picture

You beat me to it; it's a peachy line. Your avatar always brings a smile; as an engineer, of course, I am addicted to rolling element bearings !

Sun, 09/11/2011 - 22:04 | 1658264 Oh regional Indian
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You sir, are a genius!

V

How America Got it's Power

Sun, 09/11/2011 - 19:22 | 1657807 Manthong
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Souda Bay Rock Club transient member, here. My beverage of choice there was Greek Amstel. Ouzo boilermakers worked OK if I recall correctly.

Of course, there is a lot I can't recall correctly from back then.

Sun, 09/11/2011 - 18:14 | 1657534 Mike2756
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Ahhh, the good old days, when you got a decent mark rate.

Sun, 09/11/2011 - 18:32 | 1657599 spiral_eyes
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"I am sure the Euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created."

— Romano Prodi, EU Commission President, December 2001

Didn't quite work out like that, did it?

http://azizonomics.com/2011/09/11/big-change-for-europe/ 

 

Sun, 09/11/2011 - 18:45 | 1657675 HitTheFan
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It's just Greece defaulting, they do it on average every 12 years. In no way does this reflect on the viability of the Euro itself, which is supranational, and has 65% of its reserves as gold (and watch for that to increase).

The Euro is a good thing, it was designed to replace the dollar when that fails. Should the Euro fail, will you be happy to see gold and oil at 30 to 40 times their current levels?

Read a bit more, rather than writing sensationalist rubbish.

Sun, 09/11/2011 - 18:52 | 1657705 Popo
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Lol. Way to completely misunderstand the significance of a Eurozone nation defaulting.

Mon, 09/12/2011 - 04:21 | 1658760 spiral_eyes
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@HitTheFan

"Should the Euro fail, will you be happy to see gold and oil at 30 to 40 times their current levels?" 

I have hedged accordingly for that eventuality.  

Mon, 09/12/2011 - 07:30 | 1658858 Léonard
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@Popo

Haven't you heard what Jim Rogers said the other day ? I know ZH misleaded us on that one but the guy (and so does China and Russia) believes in Europe :

If Greece default, "the euro will go down a far amount. But I would buy all the euro I could at that point because then that would mean that Europe is going to have a very strong, sound currency," he explained.

http://www.businessinsider.com/jim-rogers-buy-all-the-euros-you-can-if-g...

Europe has industries, infrastructures and gold to back the Euro and also a tied and well educated population.

What has the USA in comparison ? Nothing. No more industry. No job creation. No gold. Trillions of debt. A divised nation with a sick, fat and ignorant population. A dying agriculture exterminated by chemicals and GMO. Natural desasters and no man's lands all over the country.

The dollar is backed by a mirage.

Sun, 09/11/2011 - 18:53 | 1657708 kito
kito's picture

@hitthefan, normally you would be right about greece just defaulting, but there is the concern of what follows--- spain, italy, portugal, etc. its a much different situation than the last time greece "just defaulted". we are on the precipice of european debt implosion. the amount of bonds and swaps out there lurking in banks that already have limited liquidity is keeping european leaders up at night. so maybe you should read a bit more, rather than writing myopic views of what a greek default entails.

Sun, 09/11/2011 - 19:07 | 1657766 Stax Edwards
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I for one think the pain the Greeks departure will provide stern motivation to the others to get their houses in order or suffer the same fate.  I have changed my tune from Euro failure, and I was banking on it. 

Greece is out IMO, and let it be a sobering lesson to the others.

Sun, 09/11/2011 - 19:16 | 1657793 kito
kito's picture

get their houses in order? thats laughable. how? with global growth already anemic, will the rest of the spendthrifts make the necessary cuts, or will they just make token gestures like raising alcohol taxes and then make promises about real change that will shirley fix the problem in some undetermined date in the future?

Mon, 09/12/2011 - 00:07 | 1658501 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Awesome photo. 

And don't call me surely.

Sun, 09/11/2011 - 21:37 | 1658200 AustriAnnie
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I agree @kito.  I don't see a painless way out of this one.

How does one get a house in order when Ponzi built the foundation?

 

Mon, 09/12/2011 - 00:10 | 1658510 Zap Brannigan
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...and don't  call me shirley

 

cripes too late

Sun, 09/11/2011 - 19:18 | 1657802 Lord Welligton
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"let it be a sobering lesson to the others"

What lesson?

That money is created out of thin air?

That money is created as debt by banks?

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