Merkozy's Frankenstein

Tyler Durden's picture

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GeneMarchbanks's picture

'How many EU leaders are necessary?'

Not bad stuff today Pete, but leaders should really be "leaders"

paarsons's picture

I'd fuck Angela Merkal.

In a strange way, I think she's sexy.

I'd rather have Becky Quick.  But beggars can't be choosers.


sushi's picture

Tyler -

You gotta start charging the dude above.

He is advertising but not paying.

knukles's picture

Did Becky get her mouth Botoxed without Orthadontia?

nmewn's picture

I smell a short squeeze!!!...get long on pouting lips!!!

knukles's picture

The Inevitablitiy of the Law of Unintended Consequences when Applied to Rube Goldbergesque Unstable Politically Correct and Motivated, Socially Engineered Systems, Providing the Null Solution Set as Bounded by Murphy's Law, the Fourth Turning, Realization of Precession's Impact and the Book of Revelations.

Bolweevil's picture

Roger that Knukles. You're 5 by 5 and cleared for launch.  Commence ignition in T minus 20 at 09:00 hours. Godspeed and buckle your chinstrap.

Mary Wilbur's picture

Utopian economic and social engineering fantasy foisted on the 99% by elite intellectualoids doomed to failure from the beginning.  An enormous amount of the EU's social and economic life is dictated by highly paid Brussels bureaucrats. Of course these guys are cronys of the politicians and are paid  by the EU taxpayers who are stupid enough to pay taxes. (That does't include the PIIGS.)  

old naughty's picture

GMB, Question is where do you want them to lead. Look around, who is real-ly leading, except perhaps the elites? Sad.

Thanks for sharing.

mudduck's picture

The EU leadership proves the impossibility of over-estimating the incompetence of governments. If they gave these guys a time-out from flappin their gums in public and locked them in a conference for a week or two to sort shit out, I believe they would come out into the press conference all smiles and declare "we are all in agreement, we are at war."

joq's picture

The EU is doing all the things that the US failed to do. Rather than inflate themselves out of the problem, they want to spur deeper structural changes, calmly and ordered in a careful manner. So far they are executing everything they have promised to do. I think out of the chaos will grow a stronger and more stable Europe.

GeneMarchbanks's picture

'The EU is doing all the things that the US failed to do.'

The US never failed. Their political class just knows who their owners are, whereas the Eurocrats think they are in charge. Look for bond market problems to persist as long as they don't print. Printing is what TPTB want and that's what they'll get.

hedgeless_horseman's picture



The EU banking class is now doing all the things that the US failed to do US banker class accomplished at Jekyll Island.

Just a matter of a little time and pain before we are given the "opportunity" to invest in European Union Treasury Bonds. 

GeneMarchbanks's picture

You never disappoint hh. You've been pumpin' Griffin with zeal lately, kudos. May I suggest:

hedgeless_horseman's picture



I will read it.

When you know the history, all the parts of the story fall into place, like England's non-participation in the Euro, for example.

old naughty's picture

are you suggesting UK knew? Hummmmmmmm.
Thanks for sharing.

DormRoom's picture

dude, that's like saying I'm gonna start exercising as you have a heart attack. 


The EZ is suffering a metaphorical heart attack, and the union will end faster than the time needed for structural reforms.  They had 12 years for structural reforms, and chose to do nothing.


The mandarins, and politicians knew about the North-South imbalances for a long time.  But their banker friends/donors were getting rich, and they didn't want to ruin the party. 

Bureaucrats love a good party, cuz they never get invited to any.


Welcome to the banquet of the macabre.

knukles's picture

Dude, get a fucking grip.
That or professional help.  You been subsumed by the system way too long.

Next you'll be telling us that the 2 Minutes of Hate led by Martha Stewart is A Good Thing


KxAlpha's picture

I sometimes wonder if the lead component of leader is coming more from lead, as in metal, than lead, as in to lead...

Nascent_Variable's picture

Behold the downside curve of diminishing returns to complexity.

count_de_monee's picture


Don't forget that these people are always behind the curve. They always will be because they cannot anticipate anyhting and they're too scared to face the ugly reality. So they'll keep marching on until they fall off the cliff.


Reading some of my old posts, here's what I wrote back in October of 2010. If it was obvious to me why wasn't it obvious to the EU officials? Ideological bias seems the most likely explanation.

"To sum up: Portugal will inevitably have to be bailed out by the IMF/EFSF. It's no longer a question of if, but when. In Portugal the proverbial shit is hitting the fan."



P.S. A good friend of mine has started a new blog. Check it out if you so desire

slewie the pi-rat's picture

behind the curve?

is peter ahead of the curve? 

what greek default? 

Stoploss's picture

OK, somebody tell me again how you make 3+ T  in Italian and Spanish debt go away with only a 1T 'levered' rescue fund that doesn't exist yet. Rally!!

Mary Wilbur's picture

You don't. If the EU gets smart they will create a two tier system. The PIIGS will default and the shaky French banks will either be bailed out by the French taxpayers or will be allowed to fail. The Eurozone has painted itself into a corner, and no wonder they have inept and cognitively inpared leaders (who doesn't). And last but not least, the Euro was a bad piece of economic engineering to begin with.  I never believed it would work and it certainly hasn't.


Mary Wilbur's picture

You don't. If the EU gets smart they will create a two tier system. The PIIGS will default and the shaky French banks will either be bailed out by the French taxpayers or will be allowed to fail. The Eurozone has painted itself into a corner, and no wonder they have inept and cognitively inpared leaders (who doesn't). And last but not least, the Euro was a bad piece of economic engineering to begin with.  I never believed it would work and it certainly hasn't.


praps's picture

"Step back and try and figure out real solutions".


There are no solutions. 


Everybody is making the same mistake - print more money because there's a recovery just around the corner.  There always has been.


There isn't. The baby boomers are retiring over the next 10 years and this means massive depression and debt default.  Nothing can be done to stop this occurring. 

sabra1's picture

the soon to be in hell oldidorks have the best accountants working for them! all this this going as planned to transfer wealth to them! they don't pay taxes, abide by any rules or laws! they all meet regularly, raising a glass to cheer how stupid and gullible we all are! they use the U.S. army and navy as their private police force! notice the american eagles wings encompass the entire world! but as long as we keep on voting for the next raper, and not take a stand, nothing, and i mean nothing, will get resolved! cheers!!!

vegas's picture

The Law of Unintended Consequences clearly is in play here. The "smartest-people-in-the-room" crowd learn nothing from history and are doomed to repeat it.

aleph0's picture

***** five stars


Either those bEUrocrat Clowns ...

1. really are that stupid
2. or their plan is .. Order out of Chaos
3. or they are lucky , and get (2) despite (1)

Lord Peter Pipsqueak's picture

It is only now,with the sovereign debt crisis,that the people of Europe can see the Eurozone and the ECB for what it is-the Trojan Horse of a banker controlled superstate.The problems,the politics,the bailouts,the deficits and the intervention of politicians to maintain the corrupt edifice have now become so numerous and so vast that they don't even try to disguise them or cover them up anymore.

Fifty years ago the Trojan was called the Common Market - it was expalined as exactly that a common trading zone that would promote and encourage free trade between the countries of Europe, nothing wrong with that surely? Then they changed the title to the E.E.C - the European Economic Community, a bit more sinister with the implications of possible closer economic ties especially as it now had acommon currency and finally all pretence was dropped when they called it the Eurozone - yes, named after the currency,because if you control the currency and its issue you control everything.

Now the "final solution" is either a controlling governmental body - a suprantional government - mainly controlled by Germany to police the austerity measures conditional on the basket case countries getting further loans, or just outright money printing by the ECB to inflate away the debt.In the process destroying the wealth of a generation of savers and pensioners,but that is a small price for the banksters to achieve their ultimate aim-total control of Europe by one body answerable to noone but themselves,where they can decide monetary and fiscal policy and have a puppet government in each state that have no real powers.

It has took them a long time to achieve it, but they are probably now only a matter of months away from removing the last vestiges of democracy and sovereign independance from any of the countries left in the Eurozone. The politicians of each of those countries have either been bribed, conned or simply sleepwalked into the trap, a trap so cunning that even now, most people cannot see it for what it really is.

History in the making as they say.

sabra1's picture

there is but one Invester who laid out an even playing field for all, not to be overruled, with new rules fabricated to benefit a few. what these few will soon realize, is that where they'll be headed, gold and silver will melt back into their original form, from the eternal heat of hell! 

Mary Wilbur's picture

@ LordPeterPipsqueak  Creeping totalitarianism.

vast-dom's picture

Bride of Frankenstein, illegitimate daughter of Count Dracula.....I knew her is a shame it was too late to fix long before I saw it all.

Paladin en passant's picture

Uh...isn't this how World War I started: too many poorly thought out, interlocking dependencies that led to the most destructive war the world had seen to that date.  The ignorant arogance of the Ivy-league trained "elite" folks running the show is something to behold.  The willful stupidity of the American elite thinking this won't impact the American markets or economy.  God save us all, for our leaders sure won't.

spanish inquisition's picture

OT - faster than Lady Gaga goes through costumes at a concert

A creativity fraud who lifts her looks from artists (movie ,music, comedy) without credit and claimed them as her own.

americanspirit's picture

Any 'boomer' who has a job and gives it up voluntarily to retire expecting to somehow be taken care of in their old age is a fool.

lolmao500's picture

it is a shame they don't see it before it is too late to fix.

Really? Because the EU failling is good news.

Franken_Stein's picture

Don't sully my name.

Cassandra Syndrome's picture

One Word describes this. FASCISM.

Melin's picture

This article holds the premise that our bizarro-world leaders and bureaucrats should continue to muck around in the economy, just more quietly and behind closed doors. 

Liberty anyone?

gojam's picture

Merkozy's Frankenstein is very applicable as France and Germany cover the historic Empire of the Franks ruled by Charlemagne.

WhiteNight123129's picture

The US treasuries can not signal either inflation or credit given printing...

[..]The French can complain all they want, but the market doesn't believe in their credit or their ability to support prices; whereas, for US bonds, no one really cares what the rating agencies have to say.  This is a big distinction, and rather than maybe some angry phone calls between cigarette breaks, the French should figure out how much European risk they can really sustain. [...]


At least the bond price moving down send a visible political signal. In the US none, so the Gov spends and pretends everything is under control (which it is because control still works) until control does not work and Adam Smith´s free hand is untied again. I would not be surprised if the Fannie CEO who got an outrageous bonus for running a bailed-out entity is "invested in treasuries".  I would not be surprised if a lot of banksters smart asses are in the same situation. I hope they are, so they can get rammed at some point.


AldoHux_IV's picture

The beast has many heads.


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