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Juncker: "Greece May Need A Third Bailout"

Tyler Durden's picture




 

No. No way.

If we have to go through one more year of endlessly repetitive and utterly worthless European bullshit, rumors, headlines, and other subterfuge whose only point is to extend and pretend the fact that Europe is utterly broke, just so the effete Greek citizens can pretend they give a rat's ass about their independence, when in reality they will gladly pay 80% of their salary to keep European banks solvent simply to retain the illusion that their retirement funds are still worth more than diddly squat, we are done.

Reuters has the story that needs no commentary:

The head of the Eurogroup of euro zone finance ministers, Jean-Claude Juncker, said on Friday he could not rule out that Greece may need a third bailout.

 

Asked in a television interview if he could be sure Greece would not need a third bailout, Juncker said: "You cannot really exclude that, although we should not have as a starting assumption that a third program will be (needed)."

 

"We made it clear last Tuesday in Brussels that we are standing ready to support Greece even beyond the time period of this program but I have good reasons to believe that we should now not engage ourselves in a debate on a 'maybe' third program. We should now ... implement the second one," he said, interviewed by David Frost on Al Jazeera.

 

Asked about some experts' view that a Greek default is inevitable, Juncker said: "I don't see that Greece would go for a default."

Why of course not: since nobody in Greece has the balls to say enough, why should the broke European banks, whose LTRO lifeline incidentally is ending, stop sucking the last remaining drops of blood from the Greek debt slaves? If we were in their shoes we would do precisely the same thing until the bitter end. And frankly, just like America is about to get a president it deserves, so Greeks are clearly the recipients of just the fate they so rightfully have 'earned' by doing absolutely nothing. But go ahead and throw a Molotov cocktail or two, and don't forget to loot that store right next to Syntagma square. After all, what is heroism if not stealing from others, just the way the despised banker uberclass steals from you?

And since we already know the list of 38 demands Germany has submitted to Greece to allow it to rescue its banks, here is an artist's impression of German demands to greenlight bailout #3:

 

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Fri, 02/24/2012 - 22:58 | 2194852 Van Halen
Van Halen's picture

Long algae!

Fri, 02/24/2012 - 23:10 | 2194876 Banksters
Banksters's picture

Effete Greeks= MOLOTOV COCKTAIL THROWING PUSSIES.

 

Down the shitter, bitchezzzz!

Fri, 02/24/2012 - 23:13 | 2194891 TruthInSunshine
TruthInSunshine's picture

This is fun.

I can't wait until it's Portugal's turn, let alone Spain's or Italy's.

 

weeeeeeeeeeeee

Fri, 02/24/2012 - 23:32 | 2194946 Caviar Emptor
Caviar Emptor's picture

Dominos,bitchez!

Sat, 02/25/2012 - 00:02 | 2195031 flacon
flacon's picture

Third time's the charm! He should meet Liz Taylor. 

Sat, 02/25/2012 - 00:09 | 2195039 Ahmeexnal
Sat, 02/25/2012 - 00:24 | 2195072 flacon
flacon's picture

Excellent video! Thanks for posting! 

Sat, 02/25/2012 - 10:03 | 2195374 Arius
Arius's picture
HOW Goldman Sachs HELPED MASK Greece's debt

in the process it turned a 2.8 billion debt into a 200 billion debt in less than 10 years - OMG is correct!!!

we heard it all about those lazy greeks working few hours a day retiring at 40, and how they lied their way to EU by hidding their debt... what they dont say is how big was this debt back in 2001... well it turns out ONLY 2.8 billion....

to make it short here is the scheme: GS loaned Greece 2.8 billion so Greece can enter the EU (off the books loan, not reported to the markets or EU - otherwise, how can you blackmail them)....then GS offered financial advice to greece to bet on derivatives so they can pay back the loan ...how else can Greece pay back GS right? come to the casino and play with my chips ... i loan them to you out of my good heart...even tell you where to place the bets....

well, these bets needless to say did not work exactly well ... GS had to provide liquidity and take the other side of the trade... its pathetic to listen to poor greek government officials trying to get out of the scheme ... "WE TRIED - THEY REFUSED IT" ....of course, you are their milk cow ... they own the system (the media too it goes without saying) ... thats what it comes down to ... well we know the net result ... greece's debt is 200 billion today, 400 billion next year ...

LISTEN TO the video - dont expect to hear this is in america's media, over here we are doing God's work...

http://www.bbc.co.uk/news/world-europe-17108367

Sat, 02/25/2012 - 10:48 | 2195488 BW
BW's picture

Breaking: S&P Joins Fitch, Credit Suisse In Seeing Greek Bailout As Default

The ECB thinks they are going to take the collateral of Greece from the existing bondholders by bailing out Greece for a few month. Once they try to subordinate the existing bondholders, the rating agencies will call default. That will never happen. If Greece defaults our top 5 banks have to pay the insurance to the Greek bondholders that they have been collecting premiums for years, that will bankrupt the banks. That will not be allowed to happen either. What's left? The ECB and the FED will print money to keep buying the bonds of Greece and other nations including US Bonds so these Countries don't default, and commodities, priced in Euros and US Dollars, will continue go through the roof. Guaranteed.

http://www.dailypaul.com/216566/breaking-sp-joins-fitch-credit-suisse-in-seeing-greek-bailout-as-default

Sat, 02/25/2012 - 13:45 | 2195759 Doña K
Doña K's picture

Greece is being used as another AIG to save European insolvent banks

Sat, 02/25/2012 - 14:06 | 2195794 Fíréan
Fíréan's picture

There is the other side of the "insurance", or  betting, Credit Default Swaps maket. If the default is NOT allowed when there would other wise be considered a default, then the credibility of the CDS is bought in the question and those who bet on a default find their CDS to be worthless, plus those held by entities which hedged both ways.

This would set a preceedent that a "default" could legally be considered other than what it is, a default, and bring into question the validty of all other CDS, and that contagion throughout the WHOLE  CDS market, and once the preceedent is set, would negate, or bring into question, the value and validity of an estimated $30+ Trillion (dollar) CDS market. that is double the GDP of the USA and which would break the five main players in this world market , based in USA( and all else).

Sat, 02/25/2012 - 00:25 | 2195076 redpill
redpill's picture

Just how long do we have to let a country the size of Alabama dominate daily financial headlines?

Sat, 02/25/2012 - 00:47 | 2195110 macholatte
macholatte's picture

Never ever allow these 4 guys to get onto a prime time TV show together:

Nigel Farage

Bill Black

Ron Paul

Marc Faber

 

Sat, 02/25/2012 - 01:02 | 2195136 macholatte
macholatte's picture

To any of the Greeple out there, read this:

 

 

When in the Course of human events, it becomes necessary for one people to dissolve the political bands which have connected them with another, and to assume among the powers of the earth, the separate and equal station to which the Laws of Nature and of Nature's God entitle them, a decent respect to the opinions of mankind requires that they should declare the causes which impel them to the separation.

We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness. — That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, — That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness. Prudence, indeed, will dictate that Governments long established should not be changed for light and transient causes; and accordingly all experience hath shewn, that mankind are more disposed to suffer, while evils are sufferable, than to right themselves by abolishing the forms to which they are accustomed. But when a long train of abuses and usurpations, pursuing invariably the same Object evinces a design to reduce them under absolute Despotism, it is their right, it is their duty, to throw off such Government, and to provide new Guards for their future security.

-- July 4, 1776

 

 

Sat, 02/25/2012 - 02:41 | 2195233 LowProfile
LowProfile's picture

I have a feeling gold is about to improve in euro terms.

USD...  Not so much while that's happening.

Afterwards though...

http://www.youtube.com/watch?v=qVCgf6_M7i4

Sat, 02/25/2012 - 04:18 | 2195274 Michael
Michael's picture

Huffington Post comes out and says ISRAEL HAS NUKES so to speak. Top of their page with video. Reminds me of that famous cat video in this ZH topic.

Wadah Khanfar: Iran Strike Would Be A 'Disaster' For Fragile Arab Spring http://www.huffingtonpost.com/2012/02/24/iran-strike-wadah-khanfar-arab-spring_n_1297129.html#comments 

 

Sat, 02/25/2012 - 04:39 | 2195281 Michael
Michael's picture

Another sinister FOX news edit where John Bolton was actually BOOED at his response. Check it out, watch for the conclusive evidence in the last 30 seconds of this video. Great Job Jon Stossel and FOX propaganda network.

John Bolton Dodges Question; Insults Anti-War Veteran

http://www.youtube.com/watch?feature=player_embedded&v=m4JDX0-Uo1E

 

Sat, 02/25/2012 - 04:49 | 2195285 The Navigator
The Navigator's picture

John Bolton, the NeCon, in search for any/new war we could start.

Sat, 02/25/2012 - 05:44 | 2195306 TruthInSunshine
TruthInSunshine's picture

John Bolton would fire a bunker busting nuclear tipped missile up his mother's vag without a moment's hesitation.

He's Nero & Oedipus....like that...'

...cuz that's the way it is...

Sat, 02/25/2012 - 06:42 | 2195330 Michael
Michael's picture

In other big news you've been deprived of by Pravda this past week; If only the banker community would punish its fraudsters the way the scientific community does.

 

Dr. Peter Gleick may have run afoul of a new cyber-impersonation law in California Posted on by

WUWT commenter “The Duke” writes:

I just sent the following letter to Senator Joe Simitian (D- Palo Alto) regarding Dr. Gleick’s apparent violation of SB 1411 which went into effect January 1st, 2011.

Dear Senator Simitian:

I am writing to you regarding possible violations of the impersonations law (SB 1411) you authored and successfully guided through the California legislature into law. It appears that Bay Area Scientist Dr. Peter Gleick has violated the law you wrote by impersonating a member of the Board of Directors at the Heartland Institute in Chicago in order to obtain privileged information from that private organization. Mr. Gleick has confessed to violating the law in a column on the Huffington Post. Here is a link to that column:

 

http://www.huffingtonpost.com/peter-h-gleick/heartland-institute-documents_b_1289669.html

As SB 1411 is a new law and, as the violation of privacy is particularly egregious in this case, I think it important that it be vigorously enforced. Enforcement would also serve to educate the public about the illegality of impersonating a fellow citizen.

I have read that this is a law that needs to be enforced by local law enforcement officials. Although I do not know where Mr. Gleick lives, I am writing to you in hopes that you might use your influence to see that the law enforcement officials in the Bay Area city in which he lives are aware of his offense and will act accordingly.

Thank you.

Sincerely,

No Sunspots For You!

This is big climate science geek blog news;

http://wattsupwiththat.com/

http://climatedepot.com/

Sat, 02/25/2012 - 12:18 | 2195584 nmewn
nmewn's picture

"This is big climate science geek blog news"

Yes it is.

I sent the front side story of this to Tyler & crew the other night...the links, sans my snarky commentary to them ;-)

The point of the spear...

http://www.nytimes.com/2012/02/16/science/earth/in-heartland-institute-leak-a-plan-to-discredit-climate-teaching.html?_r=3&ref=todayspaper

strikes the shield...

http://blog.heartland.org/2012/02/heartland-institute-rebuts-outlandish-new-york-times-story-on-stolen-and-fake-documents/

breaks and flies back through the attackers eye...

http://www.theatlantic.com/business/archive/2012/02/heartland-memo-looking-faker-by-the-minute/253276/

causing permanent brain damage...lol.

Sat, 02/25/2012 - 10:19 | 2195457 blindman
blindman's picture

what fox did here must be illegal besides being
immoral and evil. at least their viewers should
turn the channel and never go back. stunning clip
there.

Sat, 02/25/2012 - 17:35 | 2196231 Schmoo
Schmoo's picture

that ranger is awesome

Sat, 02/25/2012 - 10:35 | 2195479 smb12321
smb12321's picture

Yeah, the "Fragile" Arab Spring brought individual liberty, secularism, peace and openess but mean old Israel is about to mess up all that.  Only the head of the Muslim Brotherhood (or their military partners) could - with a straight face - proclaim the Arab Spring "liberated" anything. 

Sat, 02/25/2012 - 09:46 | 2195437 Calmyourself
Calmyourself's picture

Macho..  Really, really that old dead parchment is garbage!  Our own Supreme Court eschews it and the worthless government limiting Constitution in favor of the South African positive right granting enlightened Constitution.  After all what is more progressive than a Constitution empowering the Government to give you what you deserve and good and damn hard too..

http://www.foxnews.com/politics/2012/02/06/ginsburg-to-egyptians-wouldnt-use-us-constitution-as-model/

Mmm, Progressivism, smells like...Death & Slavery..

Sat, 02/25/2012 - 00:47 | 2195112 Cursive
Cursive's picture

@redpill

So long as the fate of nations rests on the financial well-being of gyro vendors and the efficiency of Hellenic tax collectors, it will be so.

Sat, 02/25/2012 - 02:37 | 2195229 Popo
Popo's picture

THIS IS (apparently not) SPARTA.

Sat, 02/25/2012 - 14:08 | 2195809 Fíréan
Fíréan's picture

my reply to the above question :" Just how long do we have to let a country the size of Alabama dominate daily financial headlines?"

 

 

Only that You don't go look elsewhere to see what the true situation is the smoke and mirros seems to dominate.It's there for a purpose and is working sucessfuklly or the panic would not be containable.

 

edit: even this website is taking you along for the Greek ride, day after day, and you know how they say they do it "the Greek"way.

Sat, 02/25/2012 - 02:53 | 2195239 CombustibleAssets
CombustibleAssets's picture

Merkel: "We can't possibly let Greece go because if we let Greece go other countries will want to follow and that would be the end of our European Project."

So this isn't about Greece wanting to stay. Greece is here to hide a bigger problem.

Sat, 02/25/2012 - 06:15 | 2195327 The Reich
The Reich's picture

Greece is here to hide a bigger problem.

 

Elementary, my dear  CombustibleAssets . 

Sat, 02/25/2012 - 05:15 | 2195297 Sid James
Sid James's picture

"Angela Merkel is the only person I know who looks more miserable in private than she does in public...."

Excellent stuff...

Fri, 02/24/2012 - 23:40 | 2194970 Buck Johnson
Buck Johnson's picture

And you know their turn is coming, no doubt about it.

Sat, 02/25/2012 - 04:58 | 2195289 fockewulf190
fockewulf190's picture

Schauble just blurted out that Greece may need another 50 billion. You can expect that number to double at least when the time comes. The Greens and the SPD will do the sheep and say yes. Just watch!

Sat, 02/25/2012 - 00:27 | 2195078 flacon
flacon's picture

My Portuguese parents-in-law took 80% of their money out of their Portuguese bank a month ago. I warned them and they already did their own bank run. The rest of their money they sunk into a useless shiny metal that is yellow and has no intrinsic value and you can't even eat it - and also some into a similar useless white metal. Funny what despirate people do. 

 

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/2/24_Greyerz_-_Gold_Will_Trade_Above_$2,000_by_the_End_of_March.html

 

Sat, 02/25/2012 - 05:23 | 2195300 NASDAQEnema
NASDAQEnema's picture

Things you can eat are useless.

You can't build anything with them.

The value of gold and silver comes from their function (shit that's hard to fake).

In fact, the value of ANY THING comes from its function.

Eat your sandwich and tell how much more stable the economy is. If it's not here's some Grey Poupon. That'll stabilize it. /rant

Ohai.

Sat, 02/25/2012 - 06:18 | 2195331 Acet
Acet's picture

Yeah, I had some familiy (uncles and cousins) come over from Portugal to London a couple of months ago and they were the ones that started talking over dinner about moving money to gold for safekeeping (they didn't knew I'm a bit of a goldbug).

In Portugal, the generation that is in their 50s, 60s is mostly made up of people with a saver mindset and have quite some savings to worry about while my generation (30s) is much less so (though at least one of my friends has invested in farmland).

Another interesting detail is that most Portuguese moved from the countryside to the cities in the 1960s, which means that most of them (I'd say 90%) either directly or indirectly are still connected to the countryside. This is interesting because there is a lot of unused farmland over there since plots tended to be small and they could not commercially competed with imported food from Spain and even places as far out as Holland. If Portugal does leave the Euro, many city people can fall back on their countryside roots and Portugal will very quickly become self-sufficient in food.

 

 

Sat, 02/25/2012 - 08:22 | 2195382 Raging Debate
Raging Debate's picture

Acet - I would say you have a business opportunity. Do you have a city or town hall? I would go and speak to the Mayor or City Manager about sharecropping. I like to get things done at the local level, the world is decentralizing and regional opportunities are being missed by global corpororations.

In any event, my best wishes and God bless the Portuguese people.

Sat, 02/25/2012 - 10:45 | 2195486 smb12321
smb12321's picture

We have a friend, a college professor (one of the few in the country) who reminded us that Portugal is by far the worst-educated nation in Europe.  Trying to compete with the Netherlands is like cavemen taking on the Marines.  It is just not possible in a land where less than a third finished high school.  You just can't compete in the modern world.  You can have a nice, 19th century, só na maciot  (live the good life/ It's the easy life) and there's nothing wrong with that.

Sat, 02/25/2012 - 14:12 | 2195862 Acet
Acet's picture

It's a generational thing

Schools are quite good now and even higher education is near-universal (even if there are far too many people with near-worthless paper degrees like History or Psychology)

The 1/3 you mention are older people, mostly from the countryside who, at best have the 4 years schooling that were mandatory during the later part of the Fascist regime which was in power until 1974. Quite some are actually or funtionally illiterate.

If all you look at is the generation that has graduated in the last 25 years, then Portugal is at the same level as most of Europe, possibly better than even the likes of England in things like Maths, Science and Languages.

I can tell you for sure that at least high-school education is better than in the US: I remember about 25 years ago when one of our less than sharper colleagues went for a year to the US in a student exchange programme and came back the next year having had A grades at most subjects over there when in Portugal he was lucky to get 13 out 20 in most things.

I don't know how your college professor is "one of the few in the country": just the one University I went to which is just one of the 4 or 5 technical Universities (covering only Sciences and Engineering degrees) in the country hand hundreds of them. This was 20 years ago and there were and are far more Universities in soft subjects than technical ones.

Sat, 02/25/2012 - 15:22 | 2195994 smb12321
smb12321's picture

The "one professor" was a joke. He said at times it just SEEMED like he was the only one.  The bigger problem is the exodus from the country. Over 7% have fled since 2000 and with a declining population, things do not look good.  I loved the country- super friendly folks.  In Porto we stayed in a family B&B and "mama" fixed some great food.  My wife lived in France and the son had worked there so we could communicate at least.  Hope for the best. 

Sat, 02/25/2012 - 17:26 | 2196215 Pemaquid
Pemaquid's picture

An amazing number of Portugese speak English, so their educational system must be pretty darned good.

Sat, 02/25/2012 - 10:40 | 2195484 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Acet, do you really believe these new city dwellers will have any idea how to utilize the land after being gone 50 years? Come'on! They are hosed.

Sat, 02/25/2012 - 14:27 | 2195897 Acet
Acet's picture

Their parents who are ex-farmers help them out. In fact, quite a number of them (parents) are now retiring and many go back to the countryside where they bought their little farm with the money they earned working in the cities. Not only that, but more often than not some of the family still lives in the countryside: that generation that was born in the 1940s and 50s had big families and not all of them moved to the city.

Also, I see it already in my generation that many people have bought vacation houses in the areas from where their parents came from.

More in general, don't forget that Portugal has a huge culinary tradition of fresh, healthy food (think: Mediterranian diet) and many people still value growing their own food in a "natural" way. There is a really strong belief in that traditional food from the countryside is quality food versus the "industrial" food which is produced via intensive farming - in that sense, the country is a lot like France (I could barelly believe it when I found that the kinds of stuffed, smoked meat you can find in Alsace is very similar to that you can find in the north of Portugal) and Italy.

As long as the old generation is still alive and well, the country can fall back to traditional agricultural methods: it might not produce vast amounts of cheap food, but it will produce lots of quality food in a country where the culinary tradition is of eating mostly unprocessed food.

Sat, 02/25/2012 - 09:43 | 2195431 MsCreant
MsCreant's picture

They must think you are a hero as they watch this shit show and the charts. Good work.

Sat, 02/25/2012 - 00:28 | 2195082 palmereldritch
palmereldritch's picture

This is just limbering.  They have to get in shape first so they can haul off all the gold in Italy and Portugal.  No need to pull a hammy.

Sat, 02/25/2012 - 00:56 | 2195126 Al Gorerhythm
Al Gorerhythm's picture

Will there be dominoes after Greece or will the crack  turn into a compound break?

Sat, 02/25/2012 - 04:57 | 2195288 natty light
natty light's picture

Illinois

Sat, 02/25/2012 - 07:14 | 2195348 bonderøven-farm ass
bonderøven-farm ass's picture

The Lords bringing the serfs to it's "Ni's".........

 "It is hard to free fools from the chains they revere.”- Voltaire

Sat, 02/25/2012 - 08:04 | 2195373 spankfish
spankfish's picture

Until they run out of fingers and toes to count the number of bailouts... they will just keep coming.

Sat, 02/25/2012 - 10:34 | 2195478 Stoploss
Stoploss's picture

Angie said it would take YEARS to fix. Da bitch wasn't lyin'.

Fri, 02/24/2012 - 23:15 | 2194900 The Big Ching-aso
The Big Ching-aso's picture

 

 

Bailing out Greece is like bailing out a submerged submarine.

Sat, 02/25/2012 - 00:30 | 2195087 flacon
flacon's picture

is like bailing out a submerged submarine.

 

...that air contains CO2, a poisionous, toxic, greenhouse substance. Bail the air and fill with water. 

Fri, 02/24/2012 - 23:59 | 2195023 astartes09
astartes09's picture

Long Molotovs!

Sat, 02/25/2012 - 02:43 | 2195234 LowProfile
LowProfile's picture

Can you make a molotov out of olive oil?

Gas might be hard to obtain.

Just 'sayin...

Sat, 02/25/2012 - 03:51 | 2195267 knight99
knight99's picture

cant have a third bailout when you aint getting the 2nd one. PSI bitches

Sat, 02/25/2012 - 09:44 | 2195432 bdc63
bdc63's picture

But, haven't you guys heard? ... It's halftime in America ....

Sat, 02/25/2012 - 08:42 | 2195393 Flesh Wound
Flesh Wound's picture

Came across this other day, seems apt!

 

http://mapofeurope.com/how-greece-views-the-rest-of-europe-2012

Fri, 02/24/2012 - 23:01 | 2194858 Caviar Emptor
Caviar Emptor's picture

Can you say "vortex" ?

Fri, 02/24/2012 - 23:00 | 2194859 tarsubil
tarsubil's picture

You've done it. You've broken Tyler. I hope you're happy assholes.

Fri, 02/24/2012 - 23:22 | 2194919 Everyman
Everyman's picture

"Tyler" is already broken.  Didn't you watch the movie, it is called BPD and results is schizophrenia.

Sat, 02/25/2012 - 06:02 | 2195318 StychoKiller
StychoKiller's picture

Well, your avatar should know...

Sat, 02/25/2012 - 09:47 | 2195438 MsCreant
MsCreant's picture

I am Jack's raging bile duct.

Fri, 02/24/2012 - 23:01 | 2194860 Yen Cross
Yen Cross's picture

OUT HOUSE debt. Pass the toilet paper! ( PLEASE)

Sat, 02/25/2012 - 00:21 | 2195066 Dapper Dan
Dapper Dan's picture

Odious debt, pass the rifle and ammo PLEASE !

 

When a despotic regime contracts a debt, not for the needs or in the interests of the state, but rather to strengthen itself, to suppress a popular insurrection, etc, this debt is odious for the people of the entire state. This debt does not bind the nation; it is a debt of the regime, a personal debt contracted by the ruler, and consequently it falls with the demise of the regime. The reason why these odious debts cannot attach to the territory of the state is that they do not fulfil one of the conditions determining the lawfulness of State debts, namely that State debts must be incurred, and the proceeds used, for the needs and in the interests of the State. Odious debts, contracted and utilised for purposes which, to the lenders' knowledge, are contrary to the needs and the interests of the nation, are not binding on the nation – when it succeeds in overthrowing the government that contracted them – unless the debt is within the limits of real advantages that these debts might have afforded. The lenders have committed a hostile act against the people, they cannot expect a nation which has freed itself of a despotic regime to assume these odious debts, which are the personal debts of the ruler.

 

Alexander Nahum Sack 1927

Sat, 02/25/2012 - 00:32 | 2195094 Yen Cross
Yen Cross's picture

Good post/ For a guy on the shitter!     Non the less! I'll drink a pint with ya ! 

 

 Thanks ya Bastard! Buy the way" I was Henry the POTATATO HEAD!!

Fri, 02/24/2012 - 23:01 | 2194861 Cursive
Cursive's picture

UFB.  No default, no surrender.

Fri, 02/24/2012 - 23:01 | 2194862 number cruncher
number cruncher's picture

surely thats bullish.... everything else is.

Sat, 02/25/2012 - 06:09 | 2195323 UP Forester
UP Forester's picture

You mean like all the CEOs of major corporations and banks retiring all of a sudden?

Even with cargo-sized golden parachutes, these guys tend to stay around until they're offered a better CEO job, are physically incapable of stringing two words together, or are dead.

Do they know something that we should?

Sat, 02/25/2012 - 09:02 | 2195407 bdc63
bdc63's picture

I've been wondering the same damn thing.  But then again, maybe Lloyd just wants to spend more time with his grandkids (insert eye roll <here>)

Fri, 02/24/2012 - 23:02 | 2194864 DoChenRollingBearing
DoChenRollingBearing's picture

And on and on and on and on and on it goes...

These guys sound like a broken record!  Did I just date myself?

Fri, 02/24/2012 - 23:27 | 2194936 trav7777
trav7777's picture

no; vinyl has made a comeback

Fri, 02/24/2012 - 23:32 | 2194943 Yen Cross
Yen Cross's picture

Update Fukishima 777? I like your tenacity!

   Kinda like being ripped from a ?

Sat, 02/25/2012 - 00:02 | 2195030 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Fukushima's fine!

Sat, 02/25/2012 - 00:46 | 2195109 Yen Cross
Yen Cross's picture

I can always count on your updates. Thank You Mr. LH

Sat, 02/25/2012 - 02:50 | 2195238 LowProfile
Fri, 02/24/2012 - 23:55 | 2195014 Rynak
Rynak's picture

Only because mastering on "modern" (read: shit) CDs, is crap, thanks to over-abuse of compressors turning the signal into white noise.... where vinyl for physical reasons at least puts a damper on this.

How ironic.... a technically superior media gets discounted, because it is abused so much, that even a 50 years older media can perform better, purely because technical limitations from back then, limit the potential abuse.

Progress!

Sat, 02/25/2012 - 00:01 | 2195028 Conrad Murray
Conrad Murray's picture

Nothing that complicated. White people have more money than sense. Hipsters plague the earth.

Sat, 02/25/2012 - 00:25 | 2195062 Rynak
Rynak's picture

http://www.youtube.com/watch?v=3Gmex_4hreQ

In a word: No.

More info: http://en.wikipedia.org/wiki/Loudness_war

Why vinyl is less (but NOT immune) to it: on a vinyl recording, there are limits to how far you can "saturate" the signal - if you go too far, the needle starts jumping. Thus, when it comes to oversaturating the signal (recording music louder than the record can support, thus basically "smashing it against a brickwall", there is less "tolerance" for this in vinyl, than on a CD, despite a CD "in theory" having better potential quality. Or even shorter: the maximum quality of vinyl is lower than CD, bit vinyl allows less "abuse and bullshit" than CDs... so if abuse and bullshit is the deciding factor, vinyl wins out, simpy because it technically doesn't support as much abuse as CDs.

Sat, 02/25/2012 - 00:37 | 2195097 Conrad Murray
Conrad Murray's picture

Oh, I wasn't saying you don't have a point. I simply disagree that vinyl is making a comeback due to a "Loudness war". Go to any record shop for proof. You will see skinny-jeans-wearing losers trying to one-up each other by purchasing the most obscure albums they can(not because they intend to use samples to build a nice track, but because that is what their retarded culture deems cool) while "ironically" posting their latest purchase details from an iPhone onto the same Facebook account they use to lambast social injustices(like wage-slavery).

But enough of this digression. Instead, a most apropos tune - https://www.youtube.com/watch?v=InFbBlpDTfQ

Sat, 02/25/2012 - 00:46 | 2195111 Rynak
Rynak's picture

Point taken :-)

Sat, 02/25/2012 - 01:54 | 2195193 Totentänzerlied
Totentänzerlied's picture

"have more money than sense."

Benny Boy can't ctrl+p sense. Ba dum tsss.

Sat, 02/25/2012 - 06:20 | 2195332 Mitzibitzi
Mitzibitzi's picture

Couldn't agree more. The only place I use a compressor is on my guitar FX processor. All the other instruments run through my own design 'rising rate' limiter on the master stereo bus at mixdown. It only compresses at all when the signal gets within the last 20% of available headroom and the compression ratio automatically increases as you increase the size of the signal - which sounds shit if you try to force a big-assed signal through there, so you automatically assign things sensible levels in the first place.

Nothing else needs a bunch of compression if it's recorded properly at the start. You tie a mix together with proper EQ, not a pile of compressors. Seems to be mostly lost on the current crop of young engineers / mastering guys, though.

Sat, 02/25/2012 - 00:24 | 2195075 Dapper Dan
Dapper Dan's picture

I still like to stick needles in my music.

Sat, 02/25/2012 - 10:14 | 2195454 t_kAyk
t_kAyk's picture

the old familiar sting...

Fri, 02/24/2012 - 23:03 | 2194866 surf0766
surf0766's picture

Cheers.  Happy New Year !!!!!!!!!!!!!!

Fri, 02/24/2012 - 23:04 | 2194869 dwayne elizando
dwayne elizando's picture

Greece "will" need a third bailout.
Fixed

Sat, 02/25/2012 - 00:10 | 2195040 merizobeach
merizobeach's picture

Greece 'already needs' a third bailout!  ;-)

Sat, 02/25/2012 - 00:15 | 2195053 UP Forester
UP Forester's picture

Why is it every time I hear "Bailout" my mind translates it to "Bullet"?

Sat, 02/25/2012 - 01:02 | 2195135 merizobeach
merizobeach's picture

Good one.  Perhaps it's the same reason that whenever I hear "default" I immediately think, "Die, bitchez!"..

Sat, 02/25/2012 - 01:07 | 2195142 UP Forester
UP Forester's picture

Funny, every time I hear "default" I think "Buy Silver Now!"

Sat, 02/25/2012 - 09:06 | 2195410 bdc63
bdc63's picture

Everytime I hear "bailout" or "default" I think "what the hell did Goldman do now? ..."

Fri, 02/24/2012 - 23:08 | 2194878 Asymptotic Asylum
Asymptotic Asylum's picture

I don't think there is enough ink to print us out of this mess, the Chinese are buying up worldwide ink reserves as we speak.

Sat, 02/25/2012 - 09:07 | 2195411 bdc63
bdc63's picture

that's the thing aout hyperinflation ... pretty soon it costs more to print the piece of paper than the piece of paper is worth ...

Fri, 02/24/2012 - 23:11 | 2194881 Conrad Murray
Conrad Murray's picture

Greeks,

Stand outside of Parliament and gather around the international bankster fortresses: If it moves, kill it. The people of the world are watching and we are with you.

Fri, 02/24/2012 - 23:27 | 2194935 fightthepower
fightthepower's picture

Right stop rioting and start tearing bankers apart go after their families too.

Sat, 02/25/2012 - 12:30 | 2195619 Pinky
Pinky's picture

dont bother, the ones who deserve to die are in the caymans counting their haul. any bank employee still in greece is small fry/fall guy

Fri, 02/24/2012 - 23:14 | 2194884 nick howdy
nick howdy's picture

Hey People, I don't usually coment too much around here..But really the whole fucking world needs to default already..This is such a fucking bore...The numbers we create in our heads are restrictions to greatness....

Stop the BullShit..We can do much better than this..Kill the elite...Stop the oppresion...

This has not been done yet...

 

 

 

Fri, 02/24/2012 - 23:12 | 2194885 benb
benb's picture

If this can't go on for ever, how much longer can it go on?

Fri, 02/24/2012 - 23:16 | 2194902 booboo
booboo's picture

forevermore? 

Fri, 02/24/2012 - 23:22 | 2194917 Osmium
Osmium's picture

It will just seem like forever. 

Fri, 02/24/2012 - 23:32 | 2194948 Goldilocks
Goldilocks's picture

Red Hot Chili Peppers - Can't Stop (Video)
http://www.youtube.com/watch?v=BfOdWSiyWoc (4:38)

Midnight Oil - Blue Sky Mine
http://www.youtube.com/watch?v=Ofrqm6-LCqs (4:30)

Sat, 02/25/2012 - 00:10 | 2195043 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Where's Steak?

Sat, 02/25/2012 - 06:59 | 2195341 Baleful Runes 4 U
Baleful Runes 4 U's picture

The frontman of midnight oil turned out to be the biggest sell-out cunt in recent memory.

http://www.youtube.com/watch?v=BrPGe6WO8p8&feature=related

Sat, 02/25/2012 - 00:52 | 2195119 caerus
caerus's picture

es 1500ish tops

Sat, 02/25/2012 - 06:08 | 2195322 StychoKiller
StychoKiller's picture

Chorus 1
The wheel is turning and you can't slow down
You can't let go and you can't hold on
You can't go back and you can't stand still
If the thunder don't get you then the lightning will!

Chorus 2
Won't you try just a little bit harder
Couldn't you try just a little bit more
Won't you try just a little bit harder
Couldn't you try just a little bit more

Round, round, Robin run around
Gotta get back where you belong
Little bit harder, just a little bit more
Little bit further than you gone before

[chorus 1]

Small wheel turning by the fire and rod
Big wheel turning by the grace of God
Every time that wheel turn round
Bound to cover just a little more ground

[chorus 1]

[chorus 2]

-- Grateful Dead, "The Wheel"

Fri, 02/24/2012 - 23:12 | 2194886 Pancho Villa
Pancho Villa's picture

Greece needs to bail out of the euro.

Fri, 02/24/2012 - 23:13 | 2194887 forward ho
forward ho's picture

remember the old game of musical chairs? but in this game all the chairs have been hocked for cash and when the music stops... the scream of a dying world economy will go on and on and on

Fri, 02/24/2012 - 23:13 | 2194889 Banksters
Banksters's picture

Portugal, take a lesson from Greece, and work it bitches.

 

 

Fri, 02/24/2012 - 23:13 | 2194890 prains
prains's picture

somebody shoot somebody for fuck sake

Fri, 02/24/2012 - 23:20 | 2194909 Conrad Murray
Conrad Murray's picture

Fuck Hillary Clinton and Barry O'Dumbo's treasonous campaign to arm Al-Qaeda Syria. $100k to any Greek who kills 5 banksters/politicians.

Fri, 02/24/2012 - 23:14 | 2194893 Goldilocks
Goldilocks's picture

Red Hot Chili Peppers - Love Rollercoaster
http://www.youtube.com/watch?v=XwKvwD97cf8 (3:29)

Peter Gabriel - Solsbury Hill + lyrics
http://www.youtube.com/watch?v=9fF8wU4Nl9Y (4:24)

Fri, 02/24/2012 - 23:36 | 2194959 Seize Mars
Seize Mars's picture

Solsbury? It's Salisbury. It just sounds like Solsbury.

Sat, 02/25/2012 - 01:00 | 2195134 Calmyourself
Calmyourself's picture

Wrong, google while evil, serves a purpose..

Sat, 02/25/2012 - 03:46 | 2195263 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Nope, Solsbury is correct. I'm old enough to know the song.

http://en.wikipedia.org/wiki/Solsbury_Hill_%28song%29

Sat, 02/25/2012 - 03:52 | 2195268 caerus
caerus's picture

fine song

Fri, 02/24/2012 - 23:14 | 2194894 dick cheneys ghost
dick cheneys ghost's picture

These aszholes will do anything to keep the old, Dying, corrupt system alive.......but alas, it died in 2008

Sat, 02/25/2012 - 00:46 | 2195107 AgShaman
AgShaman's picture

"I am a Shrubber. I arrange, design, and sell shrubberies."

(The system will survive until the serfs buy a good water filter, flush their govt. provided psychotropics down the toilet, and realize that the bankers are antiquated hacks that design debt-based instruments very similar in value to 'shrubberies'....but simply affix acronyms to them to give the illusion of complexity....thereby cloaking their fraudulence from the serfs.)

Sat, 02/25/2012 - 08:24 | 2195383 The Alarmist
The Alarmist's picture

Thanks, Roger. Perhaps now you can tell us how it is that Artur knows so much about science ... or ducks, for that matter.

Fri, 02/24/2012 - 23:14 | 2194897 boogerbently
boogerbently's picture

You're kidding, right?

Greece saga (repetitive bailouts) will continue until they realize Greek default IS cheaper.

THEN we have Portugal, Italy, Spain and repeat bailouts. This could go on for years, if the speed of the EU reaction so far is any indicator.

Traders market.

Fri, 02/24/2012 - 23:47 | 2194967 sitenine
sitenine's picture

Yup.  It is my opinion that Greece is now, and will continue to be (for as long as possible), used as nothing more than a convenient conduit to pump money through to prop up failing creditors (banks).  Nothing more.  Default will end this ridiculous charade, but the ECB needs Greece as a sudo money laundering mechanism.  The Troika, technocrats, et. al, don't give a shit about the people past the fact that taxes can still be extracted (for now).  Of course the same fate awaits other 'periphery' countries.  Why would we expect different?  This drama has many acts left to play out.

Sat, 02/25/2012 - 00:16 | 2195054 sullymandias
sullymandias's picture

sudo apt-get install spell-checker

Sat, 02/25/2012 - 00:26 | 2195077 sitenine
sitenine's picture

echo 'thanks' >> spelling-troll

Sat, 02/25/2012 - 00:55 | 2195124 Cursive
Sat, 02/25/2012 - 07:50 | 2195367 francis_sawyer
francis_sawyer's picture
What does "Sussudio" mean anyway in that Phil Collins song?

 

by fred [because i can]   Best Answer - Chosen by Asker

 

it means: kill me before i sing this stanza 700 times
Sat, 02/25/2012 - 08:34 | 2195390 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Suicidio

Sat, 02/25/2012 - 10:25 | 2195465 Dave Thomas
Dave Thomas's picture

Phil Collins says Susuddio every time he fantasized about being Huey Lewis.

Fri, 02/24/2012 - 23:15 | 2194899 bigkahuna
bigkahuna's picture

I believe this will come to a violent end rather than a "political" one.

Fri, 02/24/2012 - 23:15 | 2194901 Yen Cross
Yen Cross's picture

Greece is Penny- Less? Imagine the blaphasomy. ( Horrible it is<>  Frankestonionian!

Fri, 02/24/2012 - 23:19 | 2194908 Mutatto
Mutatto's picture

Funny, they intend to sieze the gold in THIS bailout....what will they confiscate in round three?

Fri, 02/24/2012 - 23:24 | 2194924 dwayne elizando
dwayne elizando's picture

Virgins?!?!

Fri, 02/24/2012 - 23:44 | 2194985 Calmyourself
Calmyourself's picture

Bonus question: which sex?

Sat, 02/25/2012 - 00:17 | 2195058 UP Forester
UP Forester's picture

Do Unicorns have a sex?

Sat, 02/25/2012 - 01:04 | 2195137 Calmyourself
Calmyourself's picture

Depends.. What color skittles do they shit blue or pink?  I hear the bamster is an expert on skittle shitting unicorns.  Of course, no one can be sure as nothing the man has ever personally produced has ever been, ahem' actually you know, produced..

Sat, 02/25/2012 - 01:11 | 2195148 UP Forester
UP Forester's picture

I suppose it doesn't matter.

The only thing that's "Virgin" in Greece is olive oil.

 

"Eight to Eighty, Drunk or Crazy,

The only Thing we turn down is Little Boys

And Those we Turn Over."

Sat, 02/25/2012 - 07:53 | 2195369 francis_sawyer
francis_sawyer's picture

So, like... "Virgin" olive oil is like olive oil that hasn't had sex?

Sat, 02/25/2012 - 10:32 | 2195475 Calmyourself
Calmyourself's picture

Not quite.  It is oil not having been used in sexual acts, eg: buggering.  A subtle yet precise distinction to be sure.  Once the EU is done with Greece of course there will be no virgin oil left so stock up now..

Fri, 02/24/2012 - 23:20 | 2194911 crash_davis
crash_davis's picture

To bail-out-finity... and beyond!!!!!!

then infinately rehypothocate it.

Fri, 02/24/2012 - 23:21 | 2194914 Everyman
Everyman's picture

Just shoot these stupid fucks, and put them out of their own GD misery!!  their epitaph should read "They were shot in order to avoid the problems caused by their own stupidity."

 

How can these "leaders" be such ignorant impotent, stupid bags of fuck?

 

For real?  Like we did not see this coming!

Fri, 02/24/2012 - 23:32 | 2194944 Conrad Murray
Conrad Murray's picture

It's not ignorance, it's evil. Slaughter them all, three generations in either direction.

Sat, 02/25/2012 - 15:12 | 2195975 margaris
margaris's picture

wouldn't work.

Its like trying to rout out all religion by killing all people who are religious now.

What makes you think that religion will not come back anyway? It just takes another evil asshole abusing people with lower IQ and making them sheep. And over time... a small sect will become a new world religion just like that.

Same principle applies to "interest payment on paper money loans"... kill all bankers who now have something to do with it.... but their "tools" will remain ... and someone in the future will succeed in reintroducing the "enslavement of nations thru interest"....

You could kill all banker jews or armenians or whatever.... doesnt solve the problem at all.

Only way is to make it harder for the evil forces to mezmerize the sheep:

Educate the sheeple so they reemerge as people!

Fri, 02/24/2012 - 23:21 | 2194915 booboo
booboo's picture

before it's over Greeks will be asked to cut down the largest tree in the forest with......a herring.

Fri, 02/24/2012 - 23:40 | 2194973 BlackholeDivestment
BlackholeDivestment's picture

...that gave me belly laugh Booboo. Lol Thanks.

Fri, 02/24/2012 - 23:46 | 2194988 Calmyourself
Calmyourself's picture

Nee, Nee..  Eric the Shrubber will not be there to bail your ass out..

Fri, 02/24/2012 - 23:23 | 2194923 ShankyS
ShankyS's picture

No shit TD, I'm with ya. 

Fri, 02/24/2012 - 23:24 | 2194927 max2205
max2205's picture

I know, right. They are going to give all traders heart attacks so they can really do Gods work.

Fri, 02/24/2012 - 23:26 | 2194928 ISEEIT
ISEEIT's picture

Time for a 'reset'.

FUCK.

Just because ZH doesn't ban freedom of expression.

LOVE.

Just because ZH doesn't ban freedom of expression.

HONEST

Just because ZH doesn't ban freedom of expression.

I wish that a few ZH'ers would invest a small amount of time into local efforts to make 'change' happen. Maybe you already do? I do my own small pathetic part by #1 loving the people I'm with as best as my crippled ass can, one day at a time. I just started (again) a personal 'campaign' against the lie factory by posting info to the threads of a local 'news' paper (Seattle times). If we each did this, or something similar, it would not likely hurt. Might not really help, but just a "twitter bomb" concept?

Sounds dumb as hell and pathetic, but what if we seriously took this on as a demonstration of intelligence and facts VS. the regime?

My lowly little self suspects that all the required energy already exist.

We need to step up to the plate and prove it.

I can assure you that the competition is North Korean level prepared at best.

Sad but true. Their ground game is so pathetic as to elicit sincere mercy.

 

Sat, 02/25/2012 - 07:59 | 2195371 francis_sawyer
francis_sawyer's picture

@ISEEIT

Jump right on in! Everybody is doing it (even royalty)...

http://www.youtube.com/watch?v=RhddWJs0z08

"Fuck, fuck, fuck, fuck, fuck and fuck, fuck, fuck and bugger, bugger, bugger, buggeti, buggeti, buggeti, fuck, fuck, ass, balls, balls, fuckketi, shit, shit, fuck and willy, willy, shit and fuck and... tits."

Sat, 02/25/2012 - 11:23 | 2195522 boogerbently
boogerbently's picture

Vote Ron Paul.

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