• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Here Is What Goldman Thinks Europe Should Do To Save Italy And Spain (Hint - More Bond Buying This Time On The Books)

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 08/04/2011 - 07:29 | 1523165 buzzsaw99
buzzsaw99's picture

it's a man baby

Thu, 08/04/2011 - 07:37 | 1523178 NewThor
NewThor's picture

CLEAR THE RUNWAY ! ! !

QE3 IS SET TO LAND! ! !

"to help bring jobs back to Americans!"*(satanspeak)

1And he looked up, and saw the rich men casting their gifts into the treasury. - Luke 21

SAIL!

Thu, 08/04/2011 - 07:35 | 1523172 Dick Darlington
Dick Darlington's picture

This is how the europonzi works in Italy. No wonder they want eurobonds and other fraudulent action to keep the small elite intact. Not sure the german taxpayers will keep paying for these banana republics much longer...

http://www.dailymail.co.uk/news/article-2021982/UK-frets-MPs-expenses-co...

Thu, 08/04/2011 - 07:49 | 1523200 Ghordius
Ghordius's picture

Did you even read the article? Did you even note Tyler's comment? I wonder about your capabilities...

Thu, 08/04/2011 - 07:57 | 1523217 Dick Darlington
Dick Darlington's picture

Ok, i touched a nerve. I know eurofanatics like you are very sensitive when someone criticises the "deathzone" or it's members. I should have put "OT" in front of my writing so even you would have realised it wasn't a commentary related directly to this post made by Tyler. Keep on dreaming, buddy.

Thu, 08/04/2011 - 08:08 | 1523235 Ghordius
Ghordius's picture

Thank you, so now I'm an "Eurofanatic" just because you post an OT article that says "oh, our politicians were caught with the hands in the cookie jar but look, the Italians are much, much worse!!". I could have told you 30y ago that Italian politicians "costed" three times more then British - rate decreasing.

It is tiring. You seem to think that your press is in any way balanced, your governance nearly perfect and your ways the only worthwile. This specific "Eurofanatic" is just trying to understand if you do this because you know better or not.

"Deathzone"? Because Murdoch says so? Have you seen him keeping your Parliamentary Commission in check? Keep yourself dreaming, "buddy", or come with some sound reason why "Deathzone" which takes some facts like current inflation in account.

Thu, 08/04/2011 - 08:23 | 1523256 Dick Darlington
Dick Darlington's picture

Just fyi, i'm not from UK but from the "deathzone". So i really don't think this source i linked here is in any way better than any other msm-source no matter which country it's coming from. And yes, it is a "deathzone". It's based on political utopia, not on reality. And the results from this little excercise are for everyone to see. It hasn't worked, it's not working and it'll never work. And a little tip if you may: You don't have to take these things personally. After all, it was just a link to a one little story nothing more nothing less.

Thu, 08/04/2011 - 11:36 | 1523960 Ghordius
Ghordius's picture

political utopia? This is not much of an argument! And I'm not taking it personally, I just want to remind you that the "wogs" read what you write... ;-)

I have a few examples of entities which were deemed "political utopias" well into the first twenty-forty years of their existance:

Category "Classical Nation States": Germany & Italy after their unifications

Category "Non-Classical": The United States of America and The Swiss Confederation

After a while, let's say hundred years nobody notices that they all started as "political utopias".

Thu, 08/04/2011 - 08:24 | 1523270 dervish
dervish's picture

Germany is allready coming down. And the taxpayer is not gonna pay for this, since his payments cant even finance the state. the whole system is living of debt and dillusions and like everything that has been build on evil, this also has to come down one day for sure. The earlier the better

not that the german sheeple would wake up. their grandfathers proved that they have the strongest of sleep when it comes to ignorance against "authority"

Thu, 08/04/2011 - 07:40 | 1523179 GeneMarchbanks
GeneMarchbanks's picture
1. hightower 2. police academy 3. barack obama 4. coffee shops 5. google voice 6. a day to remember 7. cargill 8. golf courses 9. miranda kerr 10. tcu

There you have it. Top ten. Nobody cares about Europe, Bond auctions, CDS spreads, basically anything somewhat relevant to their lives. So...

Let's hit the golf couse to celebrate the birth of Obama anf then have a latte at the coffee shop.

This is the thought of you average USa persons...

 

Thu, 08/04/2011 - 07:41 | 1523182 SlipStitchPass
SlipStitchPass's picture

Goldman should be banned from the EuroZone for what they have done, they should not be looked to for advice. It is like asking a theif to set up your security system.

 

Thu, 08/04/2011 - 07:44 | 1523189 Quintus
Quintus's picture

To some extent GS has already been banned.  From sovereign debt sales anyway.

http://www.guardian.co.uk/business/2010/jul/18/goldman-sachs-europe-sove...

Thu, 08/04/2011 - 07:51 | 1523207 Ghordius
Ghordius's picture

The tentacles of the Squid are everywhere. Next step: Mr. Draghi at the ECB.

Thu, 08/04/2011 - 07:42 | 1523184 Hazlitt's echo
Hazlitt's echo's picture

All things come back in style- including feudalism. Elites only do this for the common order of things.

Thu, 08/04/2011 - 07:42 | 1523185 AngryGerman
AngryGerman's picture

Just take my money...Take it all, please...

Thu, 08/04/2011 - 07:46 | 1523194 oogs66
oogs66's picture

Goldman will be the first to quote EFSF CDS

Thu, 08/04/2011 - 07:46 | 1523196 Ghordius
Ghordius's picture

So the Squid is saying: "even though your problems could be solved by non-inflationary means, we won't give pause until you PRINT, BITCHEZ! And don't even try to fight us, we are the Squid and we will push the CDS market and all other buttons until you PRINT, PRINT, PRINT!"

Oh Great Vampire Squid, your reign cometh, you bonuses will be made. Long live the Squid.

Thu, 08/04/2011 - 07:47 | 1523198 JOYFUL
JOYFUL's picture

 

 


This is a liquidity, rather than solvency, crisis for Italy and Spain

 

 

Ya, well, we did that already, with the "Black Nobility" et al...banksters run amok, things go up in smoke/

aka...THE BLACK DEATH 

 

 

this really IS the END...we into reruns of 14th century Italian bank heists.

 

The end of our elaborate plans
The end of ev'rything that stands
The end

No safety or surprise
The end
I'll never look into your eyes again

Can you picture what will be
So limitless and free
Desperately in need of
some strangers hand
In a desperate land

 


Thu, 08/04/2011 - 07:50 | 1523202 ArkansasAngie
ArkansasAngie's picture

TBTF Banksters are really, truly Too Big To Exist.

The problems in housing and commercial real estate is that nobody planned to pay off their debt.  Flip this house ... 10 year no prinicpal notes.  The idea that real estate can only go up is obviously wrong.

The US doesn't intend on paying off its debt either.  Inflation will take care of it. 

QE3 is around the corner.  It will be blamed on the "slow economy".  And ... while the Fedury and Washington and Obama would indeed like the economy to right itself, their real goal is to maintain their own source of liquidity -- treasury sales.

Don't kid yourself ... this is not in your best interests.  It's all about maintaining the status quo.  The Fedury and Banksters are all too happy to launder Washington's ponzi money.

 

Thu, 08/04/2011 - 07:51 | 1523206 MAGICWIZARD
MAGICWIZARD's picture

after reading that, I want to RUN from europe

Thu, 08/04/2011 - 07:52 | 1523210 Coldfire
Coldfire's picture

Ponzi clusterfuck. Good thing the European nations with their hands in each others pockets don't have a history written in blood.

Thu, 08/04/2011 - 07:58 | 1523220 Ghordius
Ghordius's picture

Hmmm... How do you invade the Squid Empire? They are transnational. And everywhere where money churns and fees can be made.

Thu, 08/04/2011 - 07:54 | 1523212 louisianagold
louisianagold's picture

Who woulda thunk?

Thu, 08/04/2011 - 07:58 | 1523221 Temporalist
Temporalist's picture

Italy 'to default' but Spain may 'just' escape

"Fingers crossed but there is a real chance that Spain may avoid default and debt restructuring, unless it gets dragged down by contagion," Mr McWilliams said.

"Realistically, Italy is bound to default, but Spain may just get away without having to do so," he said."

http://www.bbc.co.uk/news/business-14396557

Thu, 08/04/2011 - 08:01 | 1523226 falak pema
falak pema's picture

GS works for the Oligarchy. It is the Oligarchy. The Oligarchy has decided it will tell its surrogates to print, and print they will; on both sides of the pond. Period. See ya in inflation land. The ride into 2012 will be a real roller coaster now!

I told you all in March/April that  August is when the fun would REALLY START. AND IT HAS. 

The summer is always a good time for cooking, revving up the motor, for preparing a major step change...

Thu, 08/04/2011 - 08:02 | 1523230 imapopulistnow
imapopulistnow's picture

Soros started this crap.

Thu, 08/04/2011 - 08:22 | 1523267 Lazane
Lazane's picture

time for Spain to fork over all the gold they have stashed away in exchange for payment on their sovereign debts, it is time to settle up all the new world gold they heisted from the America's.

Thu, 08/04/2011 - 09:47 | 1523590 Instant Wealth
Instant Wealth's picture

Roger that, Goldman Sucks. Let´s put 4 trillion euros in the EFSF and all is fine.

/sarc

Thu, 08/04/2011 - 09:58 | 1523636 MsCreant
MsCreant's picture

The ECB can - and has in the past - sterilise its purchases of sovereign debt, so that the liquidity in the banking sector, and hence the potential inflationary risks, remain contained.

Money laundering. They print this shit with a straight face.

Wed, 09/14/2011 - 04:45 | 1667375 chinawholesaler
chinawholesaler's picture

Wholesale Scissors
Wholesale Wallet

Wholesale Vuvuzela
Wholesale Directory
Lunch Box

Discount Wholesaler
Industrial Supplies
Pen Holder

Wholesale Scarf
Garden Decorations
Wholesale Tellurion

Wholesale Umbrella
Wholesale Tie
Wholesale Umbrella

Wholesale TelePhone
Promotional Products
Personal Safety Products

Wholesale Camera
Wholesale Album
Vocal Concert Products

Wholesale Shoe
Wholesale Cap
Voice Recorder

Business Gift
Patient Care Products
Money Bank

Sport Support Products
Wine Set
Promotional Products

Wholesale Badge
Wholesale Camera
Arts Crafts

Electroluminescent
Wholesale Bedding
Silicone Bakeware

Personal Safety Products
Wholesale Pom Poms
Wholesale Ashtray

Wholesale Watch
Photo Frame
Garden Decorations

Gift Box
Wholesale Cup
Electrical Gifts

Wholesale Bracelet

Do NOT follow this link or you will be banned from the site!