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Goldman Sachs International Advisor Mario Monti Is Italy's New Prime Minister

Tyler Durden's picture


Not on even a Sunday is the headline barrage over:


And so the international advisor to Goldman Sachs drones on. In the meantime, the €300 billion in BTP sales is set to resume in just over 13 hours.

Yet the reason why the EURUSD is less than jubilant on the news is that Silvio apparently has just come back from the dead and has treatened to "pull the plug" on Monti.

From the FT:

The markets may soon discover that the Bocconi University professor’s room for manoeuvre will be limited by the political realities of a parliament where Silvio Berlusconi’s People of Liberty party remains the largest force.


The public humiliation of Mr Berlusconi on Saturday night – his motorcade chased through the streets and crowds of thousands screaming abuse as he handed in his resignation – reflect the extent of the ex-prime minister’s fall from grace.


But as he defiantly told a party leadership meeting hours earlier, they still retain the “golden share” in Mr Monti’s enterprise, particularly in the senate.


“We are ready to pull the plug,” Mr Berlusconi was quoted as saying.


While many are talking of the end of the Berlusconi era and one man’s dominance of Italy’s centre-right politics for almost 18 years, Vittorio Feltri, an editor close to the departing prime minister, cautioned that the “death of Berlusconismo and the centre-right is exaggerated”.


From accounts of Mr Berlusconi’s two-hour meeting with Mr Monti over Saturday lunch it was clear that the 75-year-old billionaire media baron placed his own personal and party interests above those of the nation as he tried, but apparently failed, to extract concessions in exchange for his support.


One condition was that Mr Monti, in implementing austerity measures and reforms, would stick to the contents of the “letter of intent” presented by Mr Berlusconi to last month’s eurozone summit. That would rule out the emergency measures of a wealth and property tax, and possibly an overnight raid on bank deposits, which Mr Monti is said to be considering if Italy is denied access to financial markets.


However, although Mr Berlusconi may be talking tough his reality is that his party risks splintering and that any threat to “pull the plug” and force Italy into early elections, perhaps next spring, would be vetoed by the markets.

The squid abides:

But on the political fringes there are already those portraying Mr Monti – who is listed by Goldman Sachs, the investment bank, on its board of international advisers – as a tool of the “masters of the universe”, along with Mario Draghi, head of the European Central Bank and former Goldman Sachs executive.


This is the band of criminals who brought us this financial disaster. It is like asking arsonists to put out the fire,” commented Alessandro Sallusti, editor of Il Giornale, a Milan daily owned by the Berlusconi family.

From the most recent Goldman annual report:

Translation: in under two weeks, Goldman has taken over both the ECB and Italy.


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Sun, 11/13/2011 - 15:02 | Link to Comment Mongo
Mongo's picture

European Chairman of the Trilateral Commission. Fitting combination...



Sun, 11/13/2011 - 15:06 | Link to Comment BoNeSxxx
BoNeSxxx's picture

The baton passes from one fuckshite to another...

Sun, 11/13/2011 - 15:29 | Link to Comment Doomsday Profit
Doomsday Profit's picture

The Italian game changes from "Hide the Bologna" Berlusconi to "Three Card" Monti.

Sun, 11/13/2011 - 15:38 | Link to Comment CClarity
CClarity's picture

What do we think Goldman wants to do with Italy?  The backdoor into Germany?  Or just more cover up prolonging of the wealth grabs?  Gold and art?  At some point even Goldman must think that most of the financial assets are really just paper.

Sun, 11/13/2011 - 15:53 | Link to Comment Manthong
Manthong's picture

The guy never saw a printer that he didn't like.

Sun, 11/13/2011 - 16:23 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

The world is a vampire.......

Sun, 11/13/2011 - 16:34 | Link to Comment BaBaBouy
BaBaBouy's picture

The New "MONTY PYTHON Show" From Hell ...

Sun, 11/13/2011 - 16:51 | Link to Comment BaBaBouy
BaBaBouy's picture

You just know EUROPE is headed for another disaster...


They seemd to have learned nothing from WW1, WW2 and all the other pre WW shit that went on there.


The Brazen Financial Vampires are making their play out in the open now.


Will it be WW3, A Pan-EU "French Revolution", or just a plain simple Deppression ???

We'll find out...


PS... And All Brought to you live, Courtesy of Billionaire Jobs and his I-Fone ...

Sun, 11/13/2011 - 17:04 | Link to Comment Sudden Debt
Sudden Debt's picture

I think there needs to be some kind of rebellion against banks and the power they have.

It was already bad that they where running the show behind the scenes, but turning them into official leaders?!!?? WHO DIDN'T GOT EVEN A SINGLE VOTE?!?!?!


Sun, 11/13/2011 - 17:08 | Link to Comment sabra1
sabra1's picture

regardless, electronic voting is there for a reason! real time manipulation if needed!

Sun, 11/13/2011 - 23:21 | Link to Comment rocker
rocker's picture

Rule #1 "Goldman Sachs Rules the World".  As disclosed by the BBC's interview.

Rule #2 Goldman Sachs prefers to do it in the shadows.

Rule #3  If necessary. They will take control of whoever, whatever or where ever they need to to accomplish Rule #1.

Rule #4  If rejected Goldman will demolish any obstruction and destroy whoever, whatever they need to for a pathway for goals.

Rule #5  As ruler of the world they will profit from all who suffer in the destruction Goldman controls. Hence, they rule the world.

Rule #6  As Goldman needs more profit from the Greed of their culture, They will suck the blood from all who oppose their goals.

Rule  #7 It is the goal of Goldman to make Goldman the owner of the NWO through wihich all things financial must be transacted by Goldman.

Rule #8  As being leader of the NWO Goldman will make new rules for all to obey as Lord Blankfein dictates his biblical mandate.


Wed, 04/25/2012 - 08:51 | Link to Comment jaffa
jaffa's picture

The anti fraud provisions of the Investment Advisers Act of nineteen hundred forties and most state laws impose a duty on IAs to act as fiduciaries in dealings with their clients. This means the adviser must hold the client's interest above its own in all matters. Thanks.
local SEO services

Wed, 04/04/2012 - 07:31 | Link to Comment jaffa
jaffa's picture

Monti's government formally adopted a package of reforms targeting Italy's labour market. The reforms are intended to open certain professions to more competition by reforming their licensing systems and abolishing minimum tariffs for their services. Thanks.
reverse cell phone lookup

Sun, 11/13/2011 - 17:50 | Link to Comment Abitdodgie
Abitdodgie's picture

"GOLDMAN SACHS RULES THE WORLD" don't forget that Bitchez

Sun, 11/13/2011 - 19:20 | Link to Comment BaBaBouy
BaBaBouy's picture


 Very unfortunately Right ...


Sun, 11/13/2011 - 23:27 | Link to Comment rocker
rocker's picture

Isn't it frightful that many believe the real threat is Iran.  What a Joke this is.

The real threat to U.S. Prosperity, Freedom and Liberty is Goldman. Not some disfunctional nation like Iran.


Sun, 11/13/2011 - 18:18 | Link to Comment Carlyle Groupie
Carlyle Groupie's picture

Italy was the top .mil supplier to Lib-ya don'tcha know.

Sun, 11/13/2011 - 20:16 | Link to Comment walküre
walküre's picture

We learned but America came to "LIBERATE" us.

Sun, 11/13/2011 - 18:53 | Link to Comment SoCalBusted
SoCalBusted's picture

Need a bullet with butterfly wings

Sun, 11/13/2011 - 16:02 | Link to Comment Doomsday Profit
Doomsday Profit's picture

At some point in the not too distant future, real sovereign hard assets will be pledged and legally encumbered by the private holders of the ponzi paper debt. Once completed and all sovereign wealth has been successfully privatized, they will collapse the system so that all of the worlds real assets are legally transferred to the Kelptos and a new Klepto one-world fiat can be installed. Ingenious really....

Sun, 11/13/2011 - 16:27 | Link to Comment PeaBird
PeaBird's picture

And the Klepto's need the help of the "Super Marios" to do it? Draghi at the ECB & Monti at the Italian Prime Ministership? Nothing has changed really...just different heads doing the same job: "leading" us all to the "one world utopia"

Sun, 11/13/2011 - 16:34 | Link to Comment Oracle of Kypseli
Oracle of Kypseli's picture

If that does not make you want to revolt, what does?

If that doesn't make you convert all your paper assets to PM's and agri-land, what does?

Be afraid my friends. Be very afraid.

Trilateral commissions, Goldman Sachs octapussy, IMF members and all banksters are taking over.

Advice to all Italians and Greeks. DEFAULT DEFAULT DEFAULT now and get your pride back. Otherwise, your leaders will pledge your gold and your valuable real estate. Kiss Capri and Santorini goodbye. La dolce vita will be a distant memory.

Sun, 11/13/2011 - 16:58 | Link to Comment sabra1
sabra1's picture

looking at the crowds faces in italy last night, i don't think they're ready to revolt! same kind of crowds that are in the stands behind one of oBLAMmas speeches. all happy, slappy, golf clapping fools! WAKE UP EVERYBODY!!!!!

p.s.- don't forget to vote next november!

Sun, 11/13/2011 - 20:32 | Link to Comment walküre
walküre's picture

same type crowd that cheered when US invaded Pakistan and allegedly killed OBL only to throw the evidence into the sea hours later.

same type crowd that cheered to fight until their last breath when Goebbels incited them

same type crowd that will get on the wrong side of the fence each and every time when it matters

how many Jewish hobos are there? how many Jewish homeless people? how many Jewish blue collar workers? EVER?

the last true worker of Jewish decent was a carpenter and he was nailed to a cross.

oy veh.

Mon, 11/14/2011 - 01:55 | Link to Comment Oracle of Kypseli
Oracle of Kypseli's picture

I just received this from a Greek friend from the web site 

Apparently, Sarkozy, stated that the reason that the two leaders L-Pap and Mario Monti were installed by the "trilateral" was:

<<so that we will show to the Greeks and the Italians what is the correct course.>> 

It is therefore in the open that the two new leaders will determine when, how and by whom elections will take place.

I am unable to translate the article myself. However, it may be possible for those interested to use Google translate, even if it is not entirely accurate.  


Sun, 11/13/2011 - 17:50 | Link to Comment tumblemore
tumblemore's picture

Asset stripping.

It's like loan sharks suckering people into debts they can't repay and then breaking their legs and taking all their stuff.

The only difference is at one level it's Vinny and his friendly baseball bat taking a car and a bunch of electrical goods to pay back a $200 dollar loan and at the Wall St. level it's suits and lawyers and $300 billion. Same with Greece - everything of value currently owned by the Greek state (people) will be in the process of being looted as we type.

Sun, 11/13/2011 - 15:39 | Link to Comment redcorona
redcorona's picture

Now that's chutzpah

Sun, 11/13/2011 - 16:23 | Link to Comment Ruffcut
Ruffcut's picture

Instead of the call of the banksters, it should be cull of.

This shit is unreal.

Sun, 11/13/2011 - 16:41 | Link to Comment Mountainview
Mountainview's picture

You wouldn't believe it...after the US, Goldsachs is taking over European politics...

Sun, 11/13/2011 - 18:15 | Link to Comment Carlyle Groupie
Carlyle Groupie's picture

"Goldsachs is taking over European politics:

Maybe, the jury is still out on this. We put a GPS tracker on The Squid and we're trying to confirm that there is a positive correlation between these parties.

LittleSis knows nothing about it.

Sun, 11/13/2011 - 18:58 | Link to Comment css1971
css1971's picture

Now that (little sis) is a good idea.

How do I know it isn't owned by GS?


Mon, 11/14/2011 - 06:43 | Link to Comment Carlyle Groupie
Carlyle Groupie's picture

Chill dude. No need to be all paranoid.

They are an offshoot of PAI.

LittleSis is a project of Public Accountability Initiative, a 501(c)3 organization focused on corporate and government accountability. Our mission is to facilitate and produce investigative research that promotes transparent and accountable governance. PAI was founded in early 2008 by a group of activists, public interest lawyers, and academics associated with leading universities and major social change organizations.

Mon, 11/14/2011 - 09:27 | Link to Comment i-dog
i-dog's picture

Oh, great ... the Public Accountability Initiative isn't Goldman Sachs, it's instead an SEIU/Soros offshoot!!

That's OK, then. :-/

Sun, 11/13/2011 - 17:52 | Link to Comment High Plains Drifter
High Plains Drifter's picture

or how about full monti or monti python.........

Sun, 11/13/2011 - 17:52 | Link to Comment prains
prains's picture

Squid pro quo

Sun, 11/13/2011 - 19:49 | Link to Comment Michael
Michael's picture

Why does Goldman Sachs hate America?

Sun, 11/13/2011 - 22:53 | Link to Comment Absalon
Absalon's picture

Goldman Sachs loves America. They are completely dependent on the free government guarantee of their liabilities. They just think that Americans are fools to be stolen from.

Sun, 11/13/2011 - 15:46 | Link to Comment css1971
css1971's picture

Queue 2 year SDR sponsored European credit bubble to celebrate the taking of Europe, make the plebs love the IMF etc. etc.

Sun, 11/13/2011 - 16:08 | Link to Comment Pegasus Muse
Pegasus Muse's picture

Gordon & Ty talk the bios of the new Greek and Italian bosses.  Nothing's changed.  Gangsta's still rule the roost.  

Global Insights
Fri, Nov 11, 2011

Sun, 11/13/2011 - 16:39 | Link to Comment el Gallinazo
el Gallinazo's picture

I wish they would broadcast in stereo with Ty and Gordon on separate channels.  Gordon is brilliant and Ty is a "religious" fanatic that wastes my time and has never said anything valuble for me.

Sun, 11/13/2011 - 17:10 | Link to Comment rbg81
rbg81's picture

What a f#@king break--Italy gets a GS appartchik as its next PM! [/s]  Anyone who can't see the conspiracy here is blind.  GS runs the world.

Sun, 11/13/2011 - 19:08 | Link to Comment Dugald
Dugald's picture

Don't be downhearted...remember the built-in default..
NOBODY is bullet proof!

Sun, 11/13/2011 - 19:07 | Link to Comment slyhill
slyhill's picture

In Goldman we trust.

Sun, 11/13/2011 - 22:00 | Link to Comment Bokkenrijder
Bokkenrijder's picture

Long calamari!

Sun, 11/13/2011 - 15:04 | Link to Comment Boilermaker
Boilermaker's picture

Mega-rip-my-face-right-off-my-skull rally!

God, this shit just never gets old.  That's the best part of it.  It's the gift that just keeps on giving.

Sun, 11/13/2011 - 15:10 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

'It's the gift that just keeps on giving.'

It's the crime that just keeps on repeating.

Sun, 11/13/2011 - 15:12 | Link to Comment Boilermaker
Boilermaker's picture

Same thing if you're on the winning side of it, except for the 'crime' part of it.  That just makes it sound wrong.

Sun, 11/13/2011 - 15:32 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Whatever, I "got happy" weeks ago and will take more profits to get more physical.  We have some time here. It is what it is and now I can take the family to deer valley for ten days again this year.  Thank you trade bots.

Sun, 11/13/2011 - 15:06 | Link to Comment Dr. Engali
Dr. Engali's picture

Another Bilderberg NWO tool. When will people wake up ?

Sun, 11/13/2011 - 15:07 | Link to Comment Fips_OnTheSpot
Fips_OnTheSpot's picture

Sheeples sleep very well. Baaah.

Sun, 11/13/2011 - 15:47 | Link to Comment cossack55
cossack55's picture

Never. They do not wish to.  Go long Sominex.

Sun, 11/13/2011 - 19:08 | Link to Comment knukles
knukles's picture


Sun, 11/13/2011 - 15:50 | Link to Comment Gief Gold Plox
Gief Gold Plox's picture

Some people are awake, but what are we to do? The economic system is designed for public's enslavement and the political system is designed to keep us thinking we're actually in control. So short of resorting to murder what is a minority to do?

Sun, 11/13/2011 - 16:05 | Link to Comment Ima anal sphincter
Ima anal sphincter's picture

I think the term is majority. The power is in the numbers. Let's just say we have 100,000 dickheads and 6+ billion normal folks. Seems to be pretty good odds, but just how many of those "numbers' understand the big picture? I'm sorry to say, not too many. "IF" the majority does wake up. Your first option will be carried out until there are no more "dickheads." I wish it would happen soon.

Sun, 11/13/2011 - 16:19 | Link to Comment Uber Vandal
Uber Vandal's picture

"I can hire one half of the working class to kill the other half."

Jay Gould

With that in mind, there will ALWAYS be "normal folks" who will gladly sell out everyone and everything to be part of the "dickheads club".


Sun, 11/13/2011 - 17:41 | Link to Comment Ima anal sphincter
Ima anal sphincter's picture are correct. 99% of DC falls into that group.

Sun, 11/13/2011 - 17:55 | Link to Comment Ragnar24
Ragnar24's picture

You have my vote for "Best Pseudonym-Pic Combo".  I hate Kissinger almost as much as I hate Rockefeller.

Sun, 11/13/2011 - 21:10 | Link to Comment forexskin
forexskin's picture

Why choose?

I got room for another R, and the tastiest recipe includes rope.

Sun, 11/13/2011 - 18:26 | Link to Comment Carlyle Groupie
Carlyle Groupie's picture

The EU needs some patriot heros like Americas Jared Lee Loughner.

Sun, 11/13/2011 - 15:13 | Link to Comment Pretorian
Pretorian's picture

wikipedia Mario Monti: He is also a leading member of the Bilderberg Group, Monti is an international adviser to Goldman Sachs ..... who  is ruling  the world; like it or not; its the people  high on cocaine , Ferraries and nice escort models as was witness in documentary "Inside Job".

Sun, 11/13/2011 - 16:31 | Link to Comment wandstrasse
wandstrasse's picture

when Bilderberg/elite bankers take over governments directly, in person, without any detour... at least this is a tasty grain of truth in this sea of lies.

Sun, 11/13/2011 - 15:09 | Link to Comment apberusdisvet
apberusdisvet's picture

Henceforth, all Italian new borns will  automatically become wards of the NWO until puberty, after which they will go to the highest bidders at the Bilderberg Convention.

Sun, 11/13/2011 - 15:09 | Link to Comment MarcusLCrassus
MarcusLCrassus's picture

Meet the new boss, owned by the same bankers as the old boss. 

Sun, 11/13/2011 - 15:10 | Link to Comment Dick Darlington
Dick Darlington's picture

Exit democracy, enter unelected EU-dictatorship sock puppet! Bow down to the tri-lateralist NWO savior! From this moment on everything will be golden again and dogs and cats will live together in harmony. Stabeeletee, prospeeretee, democracy and what not. Uh huh...

Sun, 11/13/2011 - 15:34 | Link to Comment LawsofPhysics
LawsofPhysics's picture

For a little while, the oscillations are getting closer together and the swings are getting more violent.  Best not to be near urban centers for a while.

Sun, 11/13/2011 - 15:10 | Link to Comment Zola
Zola's picture

It is rather unbelievable that all of these people (inlcuding the greek unidentifed entity) are connected to GS... 

Only one word ,shameful. Yet when you talk to the average person, completely cluess. I fear it will really take hyperinflation for the people to wake up. Until then it is plunder as much as you can...

Sun, 11/13/2011 - 15:10 | Link to Comment Oswald Spengler
Oswald Spengler's picture

How can I get a job at GS?

Sun, 11/13/2011 - 15:24 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

First question, do you believe you're in possession of a soul and if so, are you willing to sell?

Sun, 11/13/2011 - 20:25 | Link to Comment Michael
Michael's picture

Every human is in possession of a soul or to be more specific, a spiritual life force.

The purpose of this spirit is to become worthy of re-joining with the creator.

The purpose of man is to become as God IS.

Many will not qualify to return home.

The pursuit of lust, greed, and power disqualify you and your light is extinguished in the end. Hell is not an option for people, only eternal death.

The demon possessed know this. 

Sun, 11/13/2011 - 16:15 | Link to Comment Mohan
Mohan's picture

You want a job? First start with Herman Cain and work your way up!  :)

Sun, 11/13/2011 - 15:10 | Link to Comment Alex Kintner
Alex Kintner's picture

Well, thank gawd that crisis is over. It was looking serious there for a minute.

Sun, 11/13/2011 - 15:20 | Link to Comment Boilermaker
Boilermaker's picture

He also said he was anti-pollution and that all babies should eat food!

The guy is a fucking saint!

Sun, 11/13/2011 - 15:57 | Link to Comment achmachat
achmachat's picture

I'm against cancer.... and AIDS!

Sun, 11/13/2011 - 16:21 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

The law of gravity's a friend of mine,

it's a sensible law, I think it's fine.


Thu, 03/29/2012 - 05:15 | Link to Comment jaffa
jaffa's picture

A prime minister is the most senior minister of cabinet in the executive branch of government in a parliamentary system. In many systems, the prime minister selects and may dismiss other members of the cabinet, and allocates posts to members within the government. In most systems, the prime minister is the presiding member and chairman of the cabinet. Thanks.
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Sun, 11/13/2011 - 15:11 | Link to Comment Mactheknife
Mactheknife's picture

The Italians might have been very well tired of all the bunga crap but it's doubtful they have any real clue what just happened to them.

Sun, 11/13/2011 - 15:49 | Link to Comment cossack55
cossack55's picture

They have as much of a clue as the greeks (they no longer deserve caps).

Sun, 11/13/2011 - 19:54 | Link to Comment MsCreant
MsCreant's picture

It's a bunga party that just keeps on and on and on and...

Sun, 11/13/2011 - 15:12 | Link to Comment hourglass86
hourglass86's picture

Wow first Papadimos now Monti! Puppets all over the world! #NWO...

Sun, 11/13/2011 - 15:14 | Link to Comment Snakeeyes
Snakeeyes's picture

Might as well by Monty Hall for all the good it will do.

Sun, 11/13/2011 - 21:55 | Link to Comment WmMcK
WmMcK's picture

I'll take Monte's cookie jar (door #3).

Sun, 11/13/2011 - 15:14 | Link to Comment YesWeKahn
YesWeKahn's picture

Welcome to the united nations of Goldmine sucks.

Sun, 11/13/2011 - 18:00 | Link to Comment earleflorida
earleflorida's picture

united nations = NWO police will travel  = baby blue helmuts on u.s. local police  = solidarity of 'tptb' = dumb-down/divide & conquer


Sun, 11/13/2011 - 15:14 | Link to Comment SIOP
SIOP's picture

This whole thing, his connections and such, it's just creepy.

Sun, 11/13/2011 - 15:18 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture




Or should I say:


Sun, 11/13/2011 - 15:23 | Link to Comment djsmps
Sun, 11/13/2011 - 15:24 | Link to Comment ivana
ivana's picture

Draghi was then vice chairman and managing director of Goldman Sachs International and a member of the firm-wide management committee (2002–2005). A controversy existed on his duties while employed at Goldman Sachs. Pascal Canfin (MEP) asserted Draghi was involved in swaps for European governments, namely Greece, trying to disguise their countries' economic status. Draghi responded that the deals were "undertaken before my joining Goldman Sachs [and] I had nothing to do with" them, in the 2011 European Parliament nomination hearings.[4][5]


He has served as Senior Economist at the Federal Reserve Bank of Boston in 1980. He joined the Bank of Greece in 1985 as Chief Economist, rising to Deputy Governor in 1993 and Governor in 1994. During his time as Governor of the national bank, Papademos was involved in Greece's transition from the drachma to the euro as its national currency.[4]
After leaving the Bank of Greece in 2002, Papademos became the Vice President to Jean-Claude Trichet at the European Central Bank from 2002 to 2010. In 2010 he left that position to serve as an advisor to Prime Minister George Papandreou.[4]
He has been a member of the Trilateral Commission since 1998.[5]

Sun, 11/13/2011 - 15:27 | Link to Comment ToNYC
ToNYC's picture

Don't forget the Home Team newbie..former Senator from New Hampshire, Judd Gregg is now on the Gold manSacker's payroll multiplying his former people's pittance manyfold so he can serve his new masters of credit-creation and Bank Monopoly interest extractioners. Watch carefully for ALL his pearls of wisdom behind the scenes....snaking about the Capital.

Sun, 11/13/2011 - 15:28 | Link to Comment LULZBank
LULZBank's picture

Arab spring in the Middle East and North Africa and "regime changes" in one form or another. Similarly, crisis in Europe and "regime changes," just not so violent and 3rd world style, but more bureaucratic and in "civilised" fashion.

I guess its all part of the grand plan and once all characters are in place the real show will start.

Sun, 11/13/2011 - 15:31 | Link to Comment ToNYC
ToNYC's picture

Micro-management of bailout schemes..IMF takeover of Soverigns due to "Accounting Irregularities". This is Harpo MarXism.

Sun, 11/13/2011 - 16:56 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Harpo Marxism is also behind the actions of the Duck Soup-er Committee.


Mon, 11/14/2011 - 07:54 | Link to Comment silver500
silver500's picture

Nearly as screwed up as JPM's:

Rt. Hon. Tony Blair
Chairman of the Council
Quartet Representative and
Former Prime Minister of
Great Britain and Northern Ireland
London, United Kingdom
Khalid A. Al-Falih
President and Chief Executive Officer
Saudi Aramco
Dhahran, Saudi Arabia
Kofi Annan
Kofi Annan Foundation
Geneva, Switzerland
Riley P. Bechtel
Chairman and Chief Executive Officer
Bechtel Group, Inc.
San Francisco, California
Hon. Bill Bradley
Former U.S. Senator
Allen & Company, LLC
New York, New York
Michael A. Chaney
National Australia Bank Limited
Perth, Western Australia
Anatoly B. Chubais
Director General
Russian Corporation of
Nanotechnologies – RUSNANO
Moscow, Russian Federation
Martin Feldstein
President Emeritus
National Bureau of Economic
Research, Inc.
Cambridge, Massachusetts
Arminio Fraga Neto
Founding Partner
Gávea Investimentos
Rio de Janeiro, Brazil
Gao Xi-Qing
Vice Chairman, President and
Chief Investment Officer
China Investment Corporation
Beijing, The People’s Republic
of China
Jürgen Grossmann
Chief Executive Officer
Essen, Germany
William B. Harrison, Jr.
Former Chairman and
Chief Executive Officer
JPMorgan Chase & Co.
New York, New York
Carla A. Hills
Chairman and Chief Executive Officer
Hills & Company International
Washington, D.C.
Franz B. Humer
Roche Holding Ltd.
Basel, Switzerland
Hon. Henry A. Kissinger
Kissinger Associates, Inc.
New York, New York
Mustafa V. Koç
Chairman of the Board of Directors
Koç Holding A.S¸ .
Istanbul, Turkey
Hon. Lee Kuan Yew
Minister Mentor
Singapore, Republic of Singapore
Akio Mimura
Representative Director
and Chairman
Nippon Steel Corporation
Tokyo, Japan
Patrice Motsepe
Executive Chairman
African Rainbow Minerals Limited
Chislehurston, Sandton, South Africa
Michael Pram Rasmussen
Chairman of the Board
A.P. Møller-Maersk Group
Copenhagen, Denmark
Sir John Rose
Chief Executive
Rolls-Royce plc
London, United Kingdom
Ratan Naval Tata
Tata Sons Limited
Mumbai, India
Hon. Tung Chee Hwa GBM
Vice Chairman
National Committee of the Chinese
People’s Political
Consultative Conference
The People’s Republic of China
Cees J.A. van Lede
Former Chairman
and Chief Executive Officer,
Board of Management
Akzo Nobel
Arnhem, The Netherlands
Douglas A. Warner III
Former Chairman of the Board
JPMorgan Chase & Co.
New York, New York
John S. Watson
Chairman and Chief Executive
Chevron Corporation
San Ramon, California
Jaime Augusto Zobel de Ayala
Chairman and Chief Executive Officer
Ayala Corporation
Makati City, Philippines
Ex-Officio Members
James Dimon
Chairman and Chief Executive Officer
JPMorgan Chase & Co.
New York, New York
Andrew D. Crockett
Special Advisor to the Chairman
JPMorgan Chase & Co.
San Francisco, California
Dr. Jacob A. Frenkel
Chairman, International
JPMorgan Chase & Co.
New York, New York
Walter A. Gubert
Vice Chairman
JPMorgan Chase & Co.
London, United Kingdom
David Mayhew
Chairman, J.P. Morgan Cazenove
JPMorgan Chase & Co.
London, United Kingdom

Sun, 11/13/2011 - 15:30 | Link to Comment Josh Randall
Josh Randall's picture

Squid = Made Men

This den of Vipers needs to be routed out Andrew Jackson style...enjoy Italy

Sun, 11/13/2011 - 18:32 | Link to Comment Carlyle Groupie
Carlyle Groupie's picture

"This den of Vipers needs to be routed out Andrew Jackson style"

I'm so with you bro. Spread the word even if you get strange looks. Adjust your message so that the response is universally accepted.

Let's get to work!

Sun, 11/13/2011 - 15:33 | Link to Comment f16hoser
f16hoser's picture


Sun, 11/13/2011 - 18:34 | Link to Comment Carlyle Groupie
Carlyle Groupie's picture

Drill into the links. Lots to learn here.

Sun, 11/13/2011 - 15:35 | Link to Comment Sufiy
Sufiy's picture

Goldman rules the world. they have taken ECB out and now Italy...Now project euro "will be saved". Welcome to Reinflation Trade round 2.0


But this time we go with Gold from 1788.5, Silver 34.66. Oil 99.22, Copper 3.47


Jim Puplava: Stephen Leeb: Red Alert - Peak Of Everything: Lithium, Rare Earths, Copper, Gold and Silver

   Now, we guess, that there is no any doubts that all the world will print, print and print FIAT money in order to keep insolvent system running. UK will be tested first, as usual, and is already in the next QE program, US and Europe to follow. By the way price of Gas in UK is already above 8 dollars per gallon. We almost stopped to write about Gold - nothing further to prove, time is for the Energy Transition. Lithium - Electric Cars and Hybrids. Rare Earths - Mobiles, Wind, Solar and Electric Cars with Hybrids. Silver - Solar, Mobiles and Store of value. Copper - Electric Cars and Hybrids, Charging Infrastructure, Energy Distribution. Zinc - Electric cars and Hybrids, Charging infrastructure, Energy Distribution.    China is on the shopping spree with its 3.2 trillion reserves now.

Sun, 11/13/2011 - 15:53 | Link to Comment Non Passaran
Non Passaran's picture

3.2 trillion, all cash?

Or a lot of it is bonds, which they'd have to sell in order to buy stuff?

Sun, 11/13/2011 - 15:35 | Link to Comment tempo
tempo's picture

As the OWS movement camps out in the park and takes drugs, the banksters have taken control of Greece, ECB and now Italy. Does anyone understand where this leading? Will country after country give up their freedoms and identity and let the banksters force millions into economic slavery w/o resistence?? In some ways this is similiar to Nazi Germany in 1943.

Sun, 11/13/2011 - 15:37 | Link to Comment Racer
Racer's picture

And one Supreme ChairSATAN as overlord

Sun, 11/13/2011 - 19:40 | Link to Comment boattrash
boattrash's picture

Hindsight is 20/20. Looks like there would be more sovereign nations left if U.S. had stayed the fuck out of WWII.

Sun, 11/13/2011 - 15:35 | Link to Comment Racer
Racer's picture

So GS can take over in governments now without even being elected

Sun, 11/13/2011 - 21:10 | Link to Comment Mark123
Mark123's picture

What I find odd is that they are so blatant in appointing bankers as rulers in Greece and Italy?  I mean, they already own the governments, so why risk having the spotlight shone on them?

Sun, 11/13/2011 - 21:15 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture



A tentacle tip has just entered Europe's anus and it won't stop until it comes out their throat.

Mon, 11/14/2011 - 06:43 | Link to Comment i-dog
i-dog's picture

"why risk having the spotlight shone on them?"

They believe they're on the home run now, so they don't need to pfaff about any longer. Shit gets hectic from here on in.

Sun, 11/13/2011 - 15:38 | Link to Comment Atomizer
Atomizer's picture

Let's all take a moment to reflect on the latest crisis. Grab your KY and a box of tissues to pleasure yourself during the formation of a new (money laundering) Banking Union - Time capsule 1998


EURO Conversion Rates 1/1/1999

Timetable for the launch of the Euro; maps of EU Member States and of Euroland; key figures for Euroland, the United States and Japan; and the Euro conversion rates for each national currency of Euroland, as well as for the dollar and yen.

European Commission | December 31, 1998

LMAO. I'm so worried that my think tanks failed me. We just need to continue to fund them via higher taxes. I know they'll figure out the taxpayer fleecing program better next time around. Our government is the best!!



Sun, 11/13/2011 - 15:36 | Link to Comment H H Henry P P P...
H H Henry P P P Paulson's picture

All Mario has to do is hold the duck button on the white block and he'll skip through this entire mess.

Sun, 11/13/2011 - 15:41 | Link to Comment Racer
Racer's picture

So GS knew the result and why they said long euro

Sun, 11/13/2011 - 15:41 | Link to Comment PontifexMaximus
PontifexMaximus's picture

Mission impossible: politicians (who want to be elected) and markets against him. Will be tough for super Mario. Don't forger, no political backing and all the non valeurs bersani, casini, depietro, fini et al against him, not talking about the pdl. I told you many times, the markets will teach the fannulloni the lesson.

Sun, 11/13/2011 - 15:45 | Link to Comment Rastamann
Rastamann's picture

because if Jon Corzine has taught us anything it's that ex-Goldman Sachs'ers are EXPERTS at what they do.

Sun, 11/13/2011 - 15:48 | Link to Comment navy62802
navy62802's picture

If anyone ever wanted to know if financial institutions are more powerful than governments, we now have our answer. When it comes to the powerful banks, most of them are considered "to big to fail." They can commit fraud, lose money, continue operating a failed business model, yet they are not allowed to die or be replaced by something better. When it comes to governments, however, they can be replaced. Tunisia, Egypt, Libya, Greece, Italy. You want to know who runs our world now? It isn't the governments.

Sun, 11/13/2011 - 15:48 | Link to Comment falak pema
falak pema's picture

well Europe is going GS in a big way : Mario and Draghi. Now we can buy Abacus at discounts ! wow, what a mad spree for eurozone...

Sun, 11/13/2011 - 15:56 | Link to Comment tkinfo
tkinfo's picture

And GS, or at least it's share price, is continuing to decline. From the point at which we set the first short position in Goldman Sachs at $173 a share in May of 2008, the value of the firm has nearly been cut in half. Ultimately, like the rest of the major money center banks and brokers internationally that make up our short positions in half of the fund, they are in the process of going to $0. My question is, what happens to the governments that are following their lead? Well, you can figure that out on your own. :)


Sun, 11/13/2011 - 16:04 | Link to Comment FutureShock
FutureShock's picture

Shit I didn't see this comming. Long GS and need to buy me some Italian Bonds. The gold old Boys network is the only growth the world seeing right now.

Well Congress fucked over Bill Gates back in the day so I was going to say GS will be next but what am I thinking. Congress has stacks of cashed GS checks for sure and the GS network is going to be talked about like the freemasons oneday .

The world crash that they may prevent will justify the pillaging of lots of tax money and even more corruption. They will think you would all have been cannibals in the streets if we didn't allow your current meager existence. All the rich might pony up for a helpful re-set only to start over with even bigger gains.

I hope this shit ends soon I don't want my 8 year old to be drafted for this bullshit in 10 years.



Sun, 11/13/2011 - 16:07 | Link to Comment FutureShock
FutureShock's picture

It is now on Germany - watch them . IF the ECB prints then they are gone. If they don't print, Germany won't pay. Lose Lose...What wil the boys conjure up?

Sun, 11/13/2011 - 16:04 | Link to Comment John Law Lives
John Law Lives's picture

Selecting a new Prime Minister does not equate to millions of good new jobs being created.  A primary cause of the US housing market crisis and the global debt crisis is the lack of good paying jobs and years of reckless deficit spending.

Sun, 11/13/2011 - 16:06 | Link to Comment Bahamas
Bahamas's picture

Wikipedia says also that MM, after studying at Bocconi University, HE went to specialize : where...guess where:  .........YALE! Gotta get those skull and bones in the curriculum in order to count something in this world.

This will end with a blood bath for POOR ITALY.

Sun, 11/13/2011 - 16:07 | Link to Comment Mr.Kowalski
Mr.Kowalski's picture

Komissar Monti will do a fine job protecting the banks. The crisis is over !

Sun, 11/13/2011 - 16:17 | Link to Comment TheAntiGov
TheAntiGov's picture

Thanks Janet Napolitano? He should had just read Mein Kampf. She's a domestic terrorist!

Sun, 11/13/2011 - 19:44 | Link to Comment boattrash
boattrash's picture

+ 1000

Sun, 11/13/2011 - 16:19 | Link to Comment supermaxedout
supermaxedout's picture

The best choice to fight the banksters is to hire former banksters. They know what to do,  because before they were on the other side. Thats my impression i Have at least from the new ECB boss Mario Draghi.  Draghi was Merkels and Berlusconis choice

p.s. I m, still wondering why Mr. Berlusconi was peronally checking all the votes  a few days ago when he lost the mayority in parliament.

He wrote down on each slip where a former supporter was voting against him the word: Traitor

To tell the truth I would not like to be on Silvio black list.  Sylvio is Mafia. That was not fun for sure. That was a threat!

Mario Monti Berlusconis successor seems to be a tough guy too at least verbally.  See what Süd Tirol Online from the German speaking part of Italy says about  Monti.

IM not familar with the google translations so its only in the original language and waits to be translated by somebody more capable than me.

I think the headline in German is easy to translate: The Monti program: Blood and Tears. According to this article Monti is continiung what Berlusconi started.

Das Monti-Programm: Blut und Tränen

Nach dem Rücktritt von Ministerpräsident Silvio Berlusconi dürfte Mario Monti am heutigen Sonntagabend von Staatspräsident Giorgio Napolitano mit der Bildung einer neuen Regierung beauftragt werden, in der laut Medienberichten voraussichtlich (fast) keine Berufspolitiker vertreten sein dürften.

Der neuen Regierung, die voraussichtlich bis zum regulären Ende der Legislaturperiode 2013 im Sattel bleiben soll, stehen schwere Monate bevor.

Sie muss äußerst unpopuläre Maßnahmen ergreifen, um Italiens verlorene Glaubwürdigkeit wieder aufzubauen und das Vertrauen der Finanzmärkte zu gewinnen - und zwar sofort.

Die große Eile, mit der Staatspräsident Napolitano die Notstandsregierung vorantreibt, ist kein Zufall. Er will, dass Italien vor der Öffnung der Börsen am Montag eine neue Regierung hat, die das Vertrauen der Märkte genießt.

„Mit Montis Amtsantritt sinken die Spreads gleich um 200 Basispunkte“, heißt es in römischen Regierungskreisen. Darauf setzen Napolitano und mit ihm wohl viele in der italienischen Wirtschafts- und Bankenwelt.

Denn bleibt die Rendite für italienische Staatsanleihen auf dem derzeitigen Niveau von knapp unter sieben Prozent, wird Italien sehr bald zusammenbrechen. Einen internationalen Rettungsschirm, unter den das Land passt, gibt es nicht.

Montis Herkulesaufgabe

Deshalb wird der ehemalige EU-Wettbewerbskommissar den Italienern mit einem „Blut und Tränen“-Programm viele Opfer abverlangen müssen. Montis Ziel ist es, die Schuldenkrise schnell zu bewältigen und der EU bis 2013 einen ausgeglichenen Haushalt vorzulegen.

Der aus Varese stammende Präsident der Mailänder Eliteuniversität Bocconi hat klare Visionen. Für Wirtschaftswachstum im stagnierenden Stiefelstaat seien Reformen erforderlich, die für ein Ende der Privilegien in Politik und Wirtschaft sorgen müssen.

Daher will sich Monti um Liberalisierungsmaßnahmen bemühen, die in Italien den Weg zu mehr Konkurrenz und zum Abbau von Körperschaften in mehreren Wirtschaftszweigen ebnen können.

Angeblich plant Monti auch die Einführung einer Reichensteuer, was Berlusconi hartnäckig verweigert hatte. Auch die in Italien verhasste und von Berlusconi gestrichene Immobiliensteuer (ICI) auf die erste Wohnung dürfte Monti laut Medienberichten wohl wieder einführen.

Um den Italienern das zuzumuten, wird Monti aber mit der substantiellen Senkung der ausufernden Politikkosten ein deutliches Signal setzen müssen.

Denn dass die Parlamentarier trotz der drohenden Staatspleite bei den eigenen Privilegien und großzügigen Gehältern nie gekürzt haben, ist den Italienern nur zu bewusst. Die "Kaste", wie sie genannt wird, hat in Italien einen verheerenden Ruf.

Immerhin kann Monti bei seiner Arbeit auf das von der EU eingeforderte Reformgesetz bauen, das vom Parlament am Freitag und am Samstag im Eiltempo verabschiedet wurde und bereits Gesetz ist.

Neben der Erhöhung des Pensionsalters sind darin umfassende Privatisierungen, der Verkauf staatlicher Immobilien und von Ländereien, Maßnahmen zur bürokratischen Vereinfachung, Liberalisierungen bei Ärzten, Notaren, Steuerberatern, aber auch bei den Ladenöffnungszeiten, sowie Liberalisierungen auf dem Arbeitsmarkt vorgesehen.

Das Gesetz führt Steuererleichterungen zur Bekämpfung der Arbeitslosigkeit von Jugendlichen und Frauen ein.

Und Firmen, die Lehrstellen-Verträge abschließen, erhalten Steuer-Gutschriften; weiters werden auch Teilzeitjobs und Telearbeit gefördert.

Monti ist über die Aussichten seines Landes optimistisch. „Die Lage in Italien ist besser als in Griechenland. Unsere Wirtschaft ist größer und stärker. Was das Defizit betrifft, ist die Situation sogar besser als in Frankreich“, so der 68-Jährige.

Sun, 11/13/2011 - 16:22 | Link to Comment Poetic injustice
Poetic injustice's picture

First bought-out European province to Goldman?
I wonder why they did not do it the same in Greece.

Sun, 11/13/2011 - 16:25 | Link to Comment supermaxedout
Sun, 11/13/2011 - 16:31 | Link to Comment YesWeKahn
YesWeKahn's picture

For a minute, I thought Goldman sacks became the PM of Italy. Well, it wasn't far.

Sun, 11/13/2011 - 16:32 | Link to Comment ejhickey
ejhickey's picture

So what do we call the new Italian PM ?  Super Mario or Full Monti?

Sun, 11/13/2011 - 16:33 | Link to Comment ricocyb13
ricocyb13's picture

as Alessio Rastani said: Goldman Sachs rules the world.

It seems Goldman Sachs is even more powerful than the Italian Mafia...?

Sun, 11/13/2011 - 18:21 | Link to Comment MissCellany
MissCellany's picture

Thanks...I was trying to remember that trader's name.

Sun, 11/13/2011 - 16:35 | Link to Comment JR
JR's picture

The appointment of Monti is akin to a court appointing a conservatorship over Italy but in this case the court is the cartel of international bankers.

This appointment demonstrates just how bad the situation is – for the bankers; the bankers don’t trust the future.  This is what the last chapter of a crisis looks like before the banking cartel is exposed. It can be paralleled to Obama turning over all financial decisions to an industry-appointed technical president, Larry Summers, after a severe and unexpected financial crisis suddenly hits the U.S.

There’s a rising tendency in the people to take on the politicians and the bankers think they’ve got to have someone in place that will cheat and always take the banker line. Apparently the former prime ministers of Italy and Greece were people who wouldn’t take their commands completely. And so the bankers have found somebody who will. The bankers are circling their wagons trying to fend off what’s coming, taking severe steps that won’t allow voting to bring in a statesman. They’ve got to have a puppet; somebody who obeys. And who has the contacts.

When soldiers are trained in basic training the reason the military marches them back and forth, back and forth, and instructs them to take an order immediately, is to make them obey without thinking.  

What I don’t understand is Italy’s parliament…

We have zero chance of stopping these people unless these things break, as appears is happening; if they are able to make these things work with debt, our fight is delayed by a year or two. But if they can’t make this work, then the eurozone is going to break, probably with a surge of nationalism in countries around the world. The countries by then will realize that these international organizations are poison and that they have to look out for their own people.

“The issue which has swept down the centuries and which will have to be fought sooner or later is the people versus the banks.” –  Lord Acton

Sun, 11/13/2011 - 16:34 | Link to Comment americanspirit
americanspirit's picture

This kinda makes me wonder what the relationship is between Goldman Sachs and La Cosa Nostra. I seriously doubt that Monti could have been appointed without the approval of LCN. You know - honor among mobsters.

Sun, 11/13/2011 - 18:09 | Link to Comment JR
JR's picture

La Cosa Nostra? Goldman Sachs don't need no stinkin' approval.

It is Goldman Sachs (the NY Fed) that is running the world by controlling credit and the supply of the paper. Where do its operatives get the money?  They go where the value is; inconvertible paper money is worthless for garnering power unless it can be used to extract real value, i.e., the wealth of a nation's people.

“Congress had been assured that the Federal Reserve Act would decentralize banking power away from Wall Street,” writes G. Edward Griffin in Jekyll. “However, within a few years of its inception, the System was controlled by the New York Reserve Bank under the leadership of Benjamin Strong (from 1914 to 1928) whose name was synonymous with the Wall Street Money Trust.”

The NY Fed, aka Goldman, continues its financial rule over the Federal Reserve System and world reserve currency; its current operative is Goldman’s William Dudley. Goldman’s unfettered power, until it is checked, stretches its hand around the globe, has no fatherland except perhaps Israel, yet finds a seat in every country.

Wrote Anonymous in 2009:

“What is with this tendency to have Goldman Sachs alumni in all sectors of decision making? Robert Rubin, Henry Paulson, Tim Geithner! These apparatchiks are akin to the nomenclatura of the communist party. They are spread throughout our society to be the keepers of the faith. They are the heads of the economic inquisition. Any HERETIC will pay the price!... EITHER THE GOVERNMENT TAKES CONTROL FROM THE GREEDY CATS, and resets the system
to be regulated, or we will fail. We will fail for the same reasons the communists failed. They were
inefficient apparatchiks who ran the system for their purposes and subjugated the people with totalitarian
ideas. The financial elite is the same! They just use more subtle and stealthy methods developed in
Madison Avenue. They manufacture consent and root out the heretics.”

Always, the investigating principle says cui prodest – “seek the one who benefits.”

Sun, 11/13/2011 - 16:35 | Link to Comment supermaxedout
supermaxedout's picture

This one is also good: Berlusconi: I m not leaving the politcal scene.

He will support Mr. Monti in his work.

Sun, 11/13/2011 - 16:50 | Link to Comment PontifexMaximus
PontifexMaximus's picture

First of all, Südtirol is not Italy. Don't forget, that the former ruling/involved parties, pdl, pd, fini, casini et al are not looking forward seeing super mario being successful. They need a looser. But again, the markets will show you "il filo rosso", yields above 7% on the 10s will be the new normal..but for how long?

Sun, 11/13/2011 - 16:45 | Link to Comment bankonzhongguo
bankonzhongguo's picture

Italians are bigger pussies than the Greeks.


And to think the Italian police are PROTECTING this takeover.

Sun, 11/13/2011 - 17:35 | Link to Comment xcehn
xcehn's picture

What are the rest of the Europeans doing about their slavery?  And for that matter, the American slaves?  The banksters go unchallenged, everywhere.  The only sliver of hope is for the system to implode despite every bankster trick in the book.

Sun, 11/13/2011 - 16:52 | Link to Comment vipmoneymachine
vipmoneymachine's picture

No way we can defeat  revolving chairs.

Who's who in Washington, DC

Sun, 11/13/2011 - 17:02 | Link to Comment Hephasteus
Hephasteus's picture

Totally didn't see that one coming. *rollseyes*.

Bye italy.

Sun, 11/13/2011 - 17:05 | Link to Comment Negro Primero
Negro Primero's picture
"Smash and grab: Bilderberg and the Trilateral Commission snatch Greece and Italy"
Sun, 11/13/2011 - 17:10 | Link to Comment sabra1
sabra1's picture

regarding the mayans and hopi indians predictions for 2012 are looking pretty good! for the first time ever, webbot has no data for 2013 and thereafter!

Sun, 11/13/2011 - 17:11 | Link to Comment Hedge Fund of One
Hedge Fund of One's picture

Will Mario do to Italy what fellow GS alumnus Corzine did to NJ & MF Global?

Sun, 11/13/2011 - 17:15 | Link to Comment clawfoot tub
clawfoot tub's picture

Which of the nuclear powers will be the first to print their own media of exchange, eschewing the private squid?

Sun, 11/13/2011 - 17:30 | Link to Comment monopoly
monopoly's picture

Every week after I feel there cannot be any more surprises, there is. How can anyone not own gold or silver if they have the capital. How can you trust any govt. any currency or any politician.

Notice how our dear elected offcials are setting an example and taking 20% pay reductions, paying their own medical premiums, eliminating their retirement plan, converting it to a 401 K, since the country is insolvent. And notice how they have cut their expenses by 50% and pay for their own flowers. Yes, I am hallucinating. But I can dream.

This is all so absurd. Does it ever end?


Sun, 11/13/2011 - 17:31 | Link to Comment Kokulakai
Kokulakai's picture

Bernanke/Geithner 2012. ?)

Sat, 11/19/2011 - 04:44 | Link to Comment time123
time123's picture


Nice post. I enjoyed reading it.


In my opinion, all the recent negativity in the press regarding the European debt crisis has created a tremendous buying opportunity for US stocks. 


The Invetrics system just gave a long term "Buy" signal as of the close of 11/11/11 with a new DJIA target of 13,500! You heard it here first.




Sat, 11/19/2011 - 04:45 | Link to Comment time123
time123's picture

Sorry, that was a typo. I meant to say 15,500 which is about 27.6% higher!



Mon, 11/28/2011 - 10:45 | Link to Comment time123
time123's picture

Looks like we are moving higher today! The Invetrics long term Buy signal of 11/11/11 will likely get confirmed!


Sun, 11/13/2011 - 17:34 | Link to Comment TheAkashicRecord
TheAkashicRecord's picture
Lessons from Iceland   What can the eurozone learn from Iceland's 2008 meltdown?

It has been three years since the Iceland's banking system collapsed, which may have been the best thing that could have happened for the country.

Iceland was the first nation to fall victim to the 2008 credit crunch. It also became the first Western European nation to get a bailout from the International Monetary Fund (IMF) in more than three decades.

The nation's three largest banks went on a $100bn spending spree, financing international acqusistions and construction projects. The money spent was more than seven times the nations GDP of $14 bn.

There was a big overspend which got Iceland into trouble, and as a result the banks were nationalised, while the economy and currency, the krona, essentially collapsed.

But rather than bailing out the banks, lawmakers were pursuaded by public revolt not to takeover the debts of the banks.

This week on Counting the Cost, Olafur Ragnar Grimsson, Iceland's president, discusses his thoughts on the eurozone crisis, what countries should learn from Iceland, and how austerity measures worked for his country.

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