• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

Independent Strategy On "Greece The Ungovernable" - "Go short the euro and PIIGS debt — and hold on to your seats!"

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Tue, 11/01/2011 - 10:00 | 1831978 Mongo
Mongo's picture

I vote for chaos

Tue, 11/01/2011 - 10:01 | 1831990 Clueless Economist
Clueless Economist's picture

I have a crush on G-Pap...he is HOT

Tue, 11/01/2011 - 10:16 | 1832053 wombats
wombats's picture

Sounds like you need psychiatric help, new glasses, or both.

Tue, 11/01/2011 - 10:27 | 1832109 The Big Ching-aso
The Big Ching-aso's picture

Merkel then must really send ya over the top.

Tue, 11/01/2011 - 11:00 | 1832289 philipat
philipat's picture

It ain't over till the fat lady sings?

Tue, 11/01/2011 - 10:58 | 1832277 philipat
philipat's picture

Another Pap-Smear?

Tue, 11/01/2011 - 10:02 | 1831995 fuu
fuu's picture

Hail Eris.

Tue, 11/01/2011 - 10:53 | 1832263 James-Morrison
James-Morrison's picture

We all different, but in the end, we all fruit -- I mean toast.

Tue, 11/01/2011 - 10:11 | 1832035 Peter Pan
Peter Pan's picture

Chaos is a Greek word and so are the words, austerity, panic, crisis, catastrophe, strategy, problem, method, scheme, kleptomaniacs, politicians, psychopaths, tyrants as well as economics and history.

In other words, this whole show has been going on with regular repeats for at least 2500 years. Back in Ancient Athens they were suffering a similar level of catastrophic debt burden amongst the people. Instead of hiring PhD economists to solve the problem, they appointed a philosopher for the task. He promptly wrote off whole swathes of debt and everyone got back to business.

Any philosophers out there?

Tue, 11/01/2011 - 10:25 | 1832099 eureka
eureka's picture

Sure - and what will bring down the whole US/FED/Wall Street/Pentagon/CIA/NWO  cardhouse? What US philosopher will write off US debt - when it all crashes next year?

Crash JPM and Wall Street TBTF banksters - buy silver.

Tue, 11/01/2011 - 11:55 | 1832612 UK debt marsh
UK debt marsh's picture

Beware of Greeks Airing Rifts

Tue, 11/01/2011 - 18:06 | 1834557 TheGardener
TheGardener's picture

Or so to say; they were suffering democracy. You got all the symptoms right, but not the disease.

And that guy offering jubilee on debts every 50 years or
so was Moses, but bashing the Old Testament is in vogue for
some centuries now ...

Tue, 11/01/2011 - 10:12 | 1832037 The Big Ching-aso
The Big Ching-aso's picture

Where's Apollo, Zeus, and Athena when ya need em'?

Tue, 11/01/2011 - 10:22 | 1832083 Ralph Spoilsport
Ralph Spoilsport's picture

Zoroaster ate them.

Tue, 11/01/2011 - 10:28 | 1832119 eureka
eureka's picture

And where are the "anglo-saxon" method saviors? Oh yeah, that's right, they operate their leverage, ponzi, fiat schemes out of London and NYC, flying high as a kite - or should we say as Icharos...?

Next to melt & nuter:  London & NYC.

Tue, 11/01/2011 - 10:14 | 1832047 rosex229
rosex229's picture

at this moment the markets simply want to hear that there won't be a referendum. either g-pap will step down, or there'll be a no confidence vote on friday leading to new elections. all these results are quite negative, but markets only care about the next 5 minutes, not the next 5 weeks, or even 5 hours for that matter. i' mexpecting a bullish bump in stocks over the next few hours when its realized that no referendum will ever be held. of course, the long-term picture is as horrendous as ever.

Tue, 11/01/2011 - 10:18 | 1832052 SWRichmond
SWRichmond's picture

I vote for chaos

Well, the haircut is looking like 100%, so you get your wish.

P.S. the Fed is meeting today, what a coincidence.

Tue, 11/01/2011 - 10:20 | 1832071 Nascent_Variable
Nascent_Variable's picture

Sarkozy:  This is blasphemous!

Merkel:  This is madness!


thunderous chest kick to the Eurozone

Tue, 11/01/2011 - 10:01 | 1831982 Ancona
Ancona's picture

They may preemptively vote themselves out of the union, return to the drachma and screw Europe by paying their bonds off US style, with inflated currency.

Maybe the Weimar Republic taught some valuable lessons after all!

Tue, 11/01/2011 - 10:01 | 1831985 Iriestx
Iriestx's picture

Coming soon:  ISDA rules that a full Greek default is not a CDS credit event.

Tue, 11/01/2011 - 10:06 | 1832016 fonzanoon
fonzanoon's picture

From Bloomberg

U.S. banks increased sales of insurance against credit losses to holders of Greek, Portuguese, Irish, Spanish and Italian debt in the first half of 2011, boosting the risk of payouts in the event of defaults.

Tue, 11/01/2011 - 10:12 | 1832041 semperfi
semperfi's picture

A 100oz silver bar in hand is worth 2 paper CDSs in the bank

Tue, 11/01/2011 - 10:18 | 1832065 The Big Ching-aso
The Big Ching-aso's picture

Or the equivalent of 4 dozen rolls of Charmin.

Tue, 11/01/2011 - 10:02 | 1831989 taraxias
taraxias's picture

The Papa government will collpase in the next 48 hours. End of discussion.

Tue, 11/01/2011 - 10:20 | 1832072 Sudden Debt
Sudden Debt's picture

In europe, 48 hours won't get you anywhere.
48 days is more like it, they need to discuss a bit more on the topic.

Tue, 11/01/2011 - 10:02 | 1831991 HedgeAccordingly
HedgeAccordingly's picture

This chart is real healthy.. loooks like the sell on the close of cash yesterday.. 'knew' somethign - http://hedge.ly/ufHU4F

Tue, 11/01/2011 - 10:02 | 1831992 XXL66
XXL66's picture

Does G20 stand for G-forces on this ride ?

Tue, 11/01/2011 - 10:23 | 1832085 Sudden Debt
Sudden Debt's picture

Yep, it pulls out every gold filling you've got if you on this ride

Tue, 11/01/2011 - 10:35 | 1832167 Peter Pan
Peter Pan's picture

I am not sure. But I think Mr Pap in Greece has hit tEurope's G-SPOT anyway.

Tue, 11/01/2011 - 10:02 | 1831993 Note to self
Note to self's picture


Tue, 11/01/2011 - 10:09 | 1832029 scatterbrains
scatterbrains's picture

or is it 9.99 on the Bovine scale ?

Tue, 11/01/2011 - 10:14 | 1831996 Zero Govt
Zero Govt's picture

...and in the 'birthplace' of democratic government too

couldn't happen to a nicer institution for thieving scum

Tue, 11/01/2011 - 10:19 | 1832068 orkneylad
orkneylad's picture

"...and in the 'birthplace' of democratic government too"


and ass f***ing remember   ;-)

Tue, 11/01/2011 - 10:26 | 1832097 Zero Govt
Zero Govt's picture

and that too ...we're at orgy levels for anal in Greece, the Papa ruling family have been pimping Govt for decades

Tue, 11/01/2011 - 10:25 | 1832102 Ralph Spoilsport
Ralph Spoilsport's picture

"I'd rather be the only woman on a Greek freighter"

Tue, 11/01/2011 - 10:33 | 1832153 Peter Pan
Peter Pan's picture

I think the capital for thieving scum might actually belong to Wall Street crooks and money printing Washington.

Tue, 11/01/2011 - 10:03 | 1832000 semperfi
semperfi's picture

"..this high-risk strategy threatens to bring the whole house of Euro cards down"

Uh, got news for you bubba - come a little closer so I can whisper in your ear.........ITS ALREADY DOWN DOWN DOWN YOU MORON!!!!  BEEN DOWN FOR MONTHS!!  WHERE THE F HAVE YOU BEEN HIDING???

Tue, 11/01/2011 - 10:03 | 1832001 Jim in MN
Jim in MN's picture

Recently posted on BBC


1343: Jonathan Berland, Managing Director, Gresham Investment Management: If a Greek referendum goes forward the most dangerous part is the precedent, not the outcome. #Italy
Tue, 11/01/2011 - 10:05 | 1832009 Note to self
Note to self's picture

Folks's true colors start to show through under the stress.

Tue, 11/01/2011 - 10:08 | 1832026 The Big Ching-aso
The Big Ching-aso's picture

Ya, black and blue.

Tue, 11/01/2011 - 10:05 | 1832011 taraxias
taraxias's picture

thanks for posting that

Tue, 11/01/2011 - 10:12 | 1832038 reload
reload's picture

Another democracy fearing financier then.

Huge cudos to ZH - the referendum news was on here waaaay before anybody else had it. Who says there is no actionable information to be found here? there most certainly is.


Tue, 11/01/2011 - 10:04 | 1832002 TooBearish
TooBearish's picture

Good luk wif dat! fighting the NWO....

Tue, 11/01/2011 - 10:04 | 1832007 stant
stant's picture

collapse has a sound track now on cnbc. i am waiting for whom the bell tolls

Tue, 11/01/2011 - 10:07 | 1832020 homersimpson
homersimpson's picture

I think the song "Another One Bites the Dust" is more appropriate..

Tue, 11/01/2011 - 10:07 | 1832018 The Big Ching-aso
The Big Ching-aso's picture

"Mama Mia!!!!    Thisa Greeka Salad is afull of fetid cheese!!!!!"     Poppy Seinfeld


Tue, 11/01/2011 - 10:16 | 1832051 johnnymustardseed
johnnymustardseed's picture

Poppy is a little sloppy

Tue, 11/01/2011 - 10:22 | 1832084 The Big Ching-aso
The Big Ching-aso's picture

Ya, and so is Papa.

Tue, 11/01/2011 - 10:09 | 1832024 Rockfish
Rockfish's picture

Exploit the Now and prepare for the FUTURE

I will add to my Au stash.

Bloomberg just reported "market down only 200+ pts" I just shake my head.

Tue, 11/01/2011 - 10:20 | 1832074 Dr. Engali
Dr. Engali's picture

You should have heard CNBC trying to sell the market yesterday. " We are going into the last two months of the year."" History shows us that the last two months are the best months" blah blah blah.....

Good luck collecting your $845,000 from MF Global CNBC

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