Lehman Weekend Redux?
Just hitting the wires from Sky News:
More from Sky News correspondent Ed Conway (via Twitter):
- G20 now preparing itself for Greek default after October - Sky sources. Will be on Sky News imminently with more
- G20 sources: all efforts behind the scenes (by G20 members) are now going into recapitalising banks, preparing economies for default.
- G20 sources: default not expected until after Cannes G20 early November. Emergency funding should still keep Greece afloat thru October
- G20 sources: No suggestion Greek default need imply country leaving the euro
- G20 sources: @ Washington summit marked difference in attitude. Confident euro members edging closer to recapitalising banks, expanding EFSF
Looks like the inevitable is coming in about a month.
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heating up the grease for some french fries
I hear that the exec dining room at MS has some of the best french fries in town
Geithner = Liar.
Banks = Insolvent.
Silver & gold had to be smacked - something contagious comes this way.
They wouldn't let the banks go under and I'm beginning to wonder if they just won't allow Greece to announce a default, even when they go into default.
For anyone wondering about who some of the trolls may be, this video is quite shocking. I'm sure Tyler has the same tracking ability.
http://www.youtube.com/watch?v=eWYW0H7-c_w
Good bye Bank of America!!
I feel stupid. I've been calling out these trolls for working for JPM and I got it all wrong. Sorry for that trolls.
Just one more reason to hate banks. Maybe its time to move money to a non-insolvent credit union.
We did just that, and it FEELS great!
Your money IS SAFE:
http://money.canoe.ca/money/mymoney/canada/archives/2011/09/20110923-153605.html
ergo a run on the banks is imminent.
I remember two weeks ago I said "expect an outta nowhere sell-off in gold & silver engineered by CBs b4 Greece SHTF", and I was junked by several posters. Look what's happening now.
You get a get-outta-junk free card!!!
Don't let on to anyone that engineered sell-offs actually liquify an illiquid bullion market.
I expected the same. May as well give that spring one good last twist before they catapult us to the moon!
With whose money are they going to re capitalize the banks?
With Rothschild's money?
i don't even mind if they use taxpayer money, so long as they get better terms than even Warren Buffett got.
copper==2.67==1 can Spam. Coincidence? I think not.
http://www.youtube.com/watch?v=xmmvZ7z-ZVo
The same police brutality brotherhood gets indicted for ticket-fixing
http://www.dnainfo.com/20110919/manhattan/ticketfixing-indictment-looms-...
French fries
Greece fries
hey, if everyone keeps tagging on to the first poster's comment, like this, these comment boxes are going to get REALLY skinny. But what the hell.
that
's
ridi
cul
ou
s
Geithner is in talks with EU to deliver 1.7 trillion cubic centimeters of comment box space to EFSF
No way that's going to be enough space...
See what I mean?...
Uh, oh. We need a bailout...
Kinda like deficit spending...
Diminishing returns...
Diminishing...
Diminishing...
Diminishing...
Diminishing...
Diminishing...
Dimi...
Di...
I wonder if this is how they create negative interest rates...
It all fractals down. We must continue until we hit sub Planck length.
My God think of the fallacy the entire monetary system is build upon. How can we ever expect to pay back all the money owed in a fractional reserve monetary system (leverage) that also includes interest. Of course the answer is you can't. This great lie/ponzi scheme ultimately benifits the few. This farce will continue until it doesn't. It's a mathamatical certainty.
+100 / yea, Michael !
You were hardly the only one predicting a beat-down in PM's, especially silver. A lot a people were and those of us who own physical will get in on this sale while the getting is good. THERE IS NO LIQUIDATION OF PHYSICAL METALS, sell off in "PAPER" due margin reqirement hikes!! Don't start psychic hotline just yet:)
Speaking of getting in on the PM sale;
http://silverdoctors.blogspot.com/2011/09/local-coin-shop-open-thread-an...
Koin shops countrywide (probably worldwide) have either sold out of silver or are refusing to sell at the unicorn price.
Gold doesn't seem to have been affected, probably because $1600 is still a whole lot for one koin.
Everyone on this site should be with a local credit union. Anyone who has been "Awoken" for any length of time about the banking system has no business doing any business with the heinous money center banks like BAC, JPM, WFC, etc.
I chat with folks who are supposedly in the "know" and give them hell when they pull out their JPM debit card.
They tell me it's because of "convenience".
You're thinking about it all wrong. JPM gave me a 15 months now interest credit card. I used it to buy Morgan dollars and ASEs...I also get some incentives from JPM. Use their credit to help their short be a bigger problem...
Exact-a-reno. I've ran at least $20k though mine. Just don't lend to them by having any form of savings or checking.
Both of you are allowing them to create money based on your credit with them. They don't care about interest when they make the money up out of nothing.
They do care about interest, because when the principle gets paid back it vanishes back into the nothingness whence it came.
Why do you think there's a deflationary problem for the banks?
Everyone on this site should be with a local credit union. Anyone who has been "Awoken" for any length of time about the banking system has no business doing any business with the heinous money center banks like BAC, JPM, WFC, etc.
I keep hearing this... but don't credit unions operate on a fractional-reserve basis as well? Much as I loathe the big banks, it's the underlying monetary system that's the problem, not the players it enables.
I have four cards and the order they get used is CU>Discover>Citi>JPM. The CU card has the worst terms (kickbacks) but I don't like trucking with the devil.
it is good for you. I really like this approach. Great job!
yacht charter greece
why credit union? My mattresses or a hole in my yard is a better option to keep my money. I started to withdraw cash from bank a few weeks ago. I can tell the amount of cash in their vault is ridiculously small, sometimes they can only give me 20's instead 100's. Banks are all bluff, all the freedom loving people of the should start the run already.
Wish we had CU's in NYC. Unfortunately I have yet to find one that allows membership for someone thats NOT in the Blue Man Group.
Hmmm? Wonder why there's none here?
Well -- move savings to PMs. Operating money to a credit union.
Only downside to the credit union? The tellers aren't as hot. I guess I shouldn't be surprised the banks were playing the sex appeal card.
Like all those ''CanadaÄs best kept secret'' adds here on ZH.
It ain't the timber, stoopid!
The credit union I used for years in TX got taken over by the NCUA. Too many bad loans. They must have hired GS/JPM/BAC ex-employees.
I think the tellers at the bank work their ass off and make peanuts. there was this hot chick at my local bank. just a few years of working there and now she's totally zombified
See, everyone?
It's all under control, there won't be massive bank failures, there won't be complete sovereign defaults, there isn't hundreds of billions stretching into the trillions of CDS/CDO/MBS counter-party LOSSES ALREADY ACCRUED at this moment, the EU is strong and there's little dissent between its nations (as well as great faith in the ECB), and even if (actually when) things implode in the EU, dragging China, Japan and an already weakening South Korea into the fray, we here in North America, and our free-market, well risk-managed banks and financial firms (sarc), and our well run and highly competent Federal Reserve Private (using public monies) Bank, bear no risk at all, systemically, from what could have been a catastrophe in the EU (politically, financially and economically).
All is well.
*/SARC-A-LARK-A-SNARK/
That is a fact. North Americans can watch everyone elses problems on the boob-tube while eating potato chips just like we've always done since WWII.
/sarc
JPM & Goldman Sachs et al. have the same types of trolls that Bank of America does.
I have little to no doubt there are at least a dozen full time trolls posting on ZH, including RoboTard & HarryWanger.
Kill the trolls!
The guilty dog barks most....
Let them eat cake, then off with their heads.
Haven't seen Harry for a while.
Under that ID...its like Texas Gunslinger/FauxNews...same dude, different tactics...I can tell by...well...I can tell ;-)
We've all been around the block (the net) often enough and engaged these "boiler room" ops...the message (at its core) is always the same.
Trust in me...trust in meee...lol.
http://www.youtube.com/watch?v=F1ILPl5FQaM
I feel like the JPMC trolls are better. If we could get them to identify themselves, we could start some kind of running vote on who has the clever ones, and who has the dorks. (MillionDollarBonus ? I'm thinking of you, here, buddy.)
We could have separate categories. Give them humor points, logic points, insult points. We could give quarterly prizes for Best New Troll. A free ZH baseball cap. It would be cool.
Does Professional Troll= Proll?
Hey buddy you're skating on thin ice!!
I think you need a little private time with big brother
We could do that in the forums
troll threat
make a list by a known anti troll and update on a monthly basis
So it is a Cloward-Pivins strategy. If not mistaken they are a radical communist-type group bent on destroying Liberty and Freedom. Now why would a good ol bank of America ever want to use Cl-Pi playbook?
Cloward and Piven are a couple of Marxist professors at some University (in NY?) who posited that the best strategy for destroying western capitalism was to expand and overload their "social safety nets" until they failed financially...
columbia, don't cha' know. "A Strategy to End Poverty," The Nation, 5/2/1966. Driving NYC to BK was an "unintended consequence" </sarc> Almost made it.
Now, FFP has a new book coming out. Can't wait.
- Ned
{wonderin' what we'll collapse into?}
Fabian Society.
Socialize America the slow and sure way. ensuring the socialization procedure reinforces the transfer of wealth from the commoner to the banksters.
Neither are paid shills. I'll take the other side of that bet. Of course they have opinions that differ from ZH Groupthink, but that is enough on ZH to qualify someone as a psyop or troll.
RobotTrader has been here a lot longer than you. He was here when the "reads" for a typical ZH article barely reached double figures.
Well said...ZH has definately gone mainstream & is now mainly inhabited by coin shop treasure hunters. I wonder how many have even read one of RT's hilarious daily wrap ups. They were definately worth the visit.
No they weren't , I was here on the old site too and RT has always been just an attention grabbing waste of bytes.
I don't think he's a paid troll though.
If you enjoy hilarious daily write ups then you should lament the fact money mc-bags isn't contributing anymore.
Mc-bags was funny probably a bit too unsavoury though anyway I don't know how RT became the whipping boy
Word fuckin' up.
"Please don't tell my folks that I work for a TBTF bank. They still think I'm a piano player in a whorehouse" :)
I keep getting my buddy Shit confused with you.
HJoly smoke nope... that is a crazy find. Nuts!
ORI
I almost forgot; we need to pay tribute to the salt-of-the-earth wisdom of the Irishman whose words never rang more true than now, especially since this is going to spiral out of control (If anyone thinks this can be contained, when PIIGS align, without the EUR being devalued by a minimum of 50% (which begs the question of how bad the economic consequences of 'containment' will be for the global economy), I have a bridge in the Greek Isles - or Montgomery County, Alabama, to sell you):
An Irishman abroad tells it like it isI loved that!
"fuck off" dude deserved that...
Fuck off over there means "really?" or "no way" "I don't belive that shit"
Thanks for the clarification...
The force that through the green fuse drives the flower
Drives my green age; that blasts the roots of trees Is my destroyer.
And I am dumb to tell the crooked rose My youth is bent by the same wintry fever.
The force that drives the water through the rocks Drives my red blood; that dries the mouthing streams Turns mine to wax.
And I am dumb to mouth unto my veins How at the mountain spring the same mouth sucks. The hand that whirls the water in the pool Stirs the quicksand; that ropes the blowing wind Hauls my shroud sail.
And I am dumb to tell the hanging man How of my clay is made the hangman's lime.
The lips of time leech to the fountain head; Love drips and gathers, but the fallen blood Shall calm her sores.
And I am dumb to tell a weather's wind How time has ticked a heaven round the stars. And I am dumb to tell the lover's tomb How at my sheet goes the same crooked worm.
the irish are the finest poets...
and yes i know he was welsh...
The SGT BOA troll claim has been throughly debunked. It was a lowly BOA teller trolling him from work one day.
I love how everyone bought straight into it. haha
SGT is a moron.
I thought could be some lone troll, but doesn't make sense ip address from different parts of country and why teller use work computer?
"SGT is a moron."
Where did we hear that before?
Perhaps you ought to post proof rather than implicating yourself as part of the scam. And WTF are you talking about tellers for? He looked at the IP addresses and did an IP lookup. I used to do that shit in high school. It isn't hard or magic.
Because paid trolls wouldn't use freely available anonymizing proxy tech like Tor or I2P? lulz
And the President of the United States would never employ people who'd get caught in a two-bit burglary at a Washington Hotel.
Don't underestimate the banality of evil.
Outstanding point.
If there's one thing we can all rest assured of, it's that government inevitably is incompetent enough that it ultimately screws itself over.
However, let's not forget that modern governments are no longer instruments by, of and for the people, but rather by, of and for the globalists.
Welcome to the age of global corpocratic kletopcracies.
I didn't say that he IS a "paid troll", I said that if he has an argument debunking that guys assertation that seem to be based on cold hard fact (rather than the "word" of some bank teller), that he should post them, rather than making himself appear to be one of the ad hominem using paid trolls that he was originally talking about.
But then, trolls don't care to make such distinctions, and would rather use any argument that SOUNDS good even if it doesn't apply. Paid or not.
What would be really cool is if a few of the alternative press sites like ZH and SGT pooled their resources, soemthing tells me there'd be a lot of common IPs among naysaying sock puppets, like the one I am replying to above.
Step up your game guys, the lack of subtlety makes you very obvious.
It's just impossible to find a good troll these days. - Ned